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Old 09-30-2008, 01:47 PM
 
Location: Cheshire, Conn.
2,102 posts, read 7,758,297 times
Reputation: 539

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Quote:
Originally Posted by thisguyrighthere View Post
Clinton pushing Fannie to make bad loans to people who obviously could not afford them didnt help. As soon as lenders saw artificial government created incentives to make bad loans they went nuts giving every junkie and burger flipper all they would take. What did the lender care? They could just pass it on to some sucker investment firm who probably figured they could pass it on to another sucker firms.

Thanks to the wonders of PARTIAL-deregulation.
President Clinton left office in January, 2001. The loans currently in default were made after this. By the way, it was rare to have non-income verification and 100-percent financing back then.

As one of the Cheshire town officials said to me while working the polls in November, 2006, "We Republicans have found a way to get more American to own homes - something the Democrats couldn't do. Home ownership is almost 70 percent."

...that was November 2006...The percentage of home ownership is now at its lowest point in over 20 years.

Last edited by Rich Lee; 09-30-2008 at 01:56 PM..
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Old 09-30-2008, 02:00 PM
 
21,620 posts, read 31,207,908 times
Reputation: 9775
Quote:
Originally Posted by Rich Lee View Post
President Clinton left office in January, 2001. The loans currently in default were made after this. By the way, it was rare to have non-income verification and 100-percent financing back then.

As one of the Cheshire town officials said to me while working the polls in November, 2006, "We Republicans have found a way to get more American to own homes - something the Democrats couldn't do. Home ownership is almost 70 percent."

...that was November 2006...The percentage of home ownership is now at its lowest point in over 20 years.
The games that both parties are playing with our money is sickening. Interesting how this meltdown is happening a month before the election...
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Old 09-30-2008, 02:18 PM
 
Location: Cheshire, Conn.
2,102 posts, read 7,758,297 times
Reputation: 539
Quote:
Originally Posted by kidyankee764 View Post
The games that both parties are playing with our money is sickening. Interesting how this meltdown is happening a month before the election...
You are correct. As is the case with most elections, it comes down to the lesser of two evils. How sad...
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Old 10-01-2008, 06:21 AM
 
985 posts, read 1,902,093 times
Reputation: 377
Quote:
Originally Posted by JayCT View Post
Unfortunately our Governor is a reactionary. She does not do anything until after it happens. Maybe it is because Ct has been doing so well and there has not been a need to do that much. Certainly Michigan needs to do something and fast. JMHO, Jay
Michigan has been doing nothing and right now it's almost as if it is too little too late!!!

That's why so many are leaving.
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Old 10-01-2008, 06:23 AM
 
985 posts, read 1,902,093 times
Reputation: 377
Quote:
Originally Posted by HeadedWest View Post
I don't know if we need one or not, but I certainly wouldn't be looking to Michigan for any guidance on how to run a state.
ITA! Michigan is not a good example at all.
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Old 10-01-2008, 06:29 AM
 
Location: Connecticut
235 posts, read 783,454 times
Reputation: 145
Quote:
Originally Posted by Rich Lee View Post
You are correct. As is the case with most elections, it comes down to the lesser of two evils. How sad...
In some ways, I'm glad I can't vote in this country yet. At the risk of oversimplifying, it seems (to me) a choice between an honorable but out-of-touch man who's resorting to gimmicks so he can win at any cost and a more balanced, cerebral person who may or may not be equipped to tackle the massive problems that lie ahead. Sometimes I wonder if they both now wish they had chosen a different election to run for President.
Good luck in the polling booth !
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Old 10-01-2008, 10:18 AM
 
Location: Cheshire, Conn.
2,102 posts, read 7,758,297 times
Reputation: 539
Quote:
Originally Posted by nish2006 View Post
In some ways, I'm glad I can't vote in this country yet. At the risk of oversimplifying, it seems (to me) a choice between an honorable but out-of-touch man who's resorting to gimmicks so he can win at any cost and a more balanced, cerebral person who may or may not be equipped to tackle the massive problems that lie ahead. Sometimes I wonder if they both now wish they had chosen a different election to run for President.
Good luck in the polling booth !
I heard one political analyst suggest that the Republicans "throw" this election and try again in four years since things are such a mess. It's easy to screw things up over 8 years, but it is very difficult to fix them in just 4.
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Old 10-01-2008, 12:28 PM
 
1,231 posts, read 2,688,340 times
Reputation: 582
Michigan at least is now doing something ...anything they try is at least trying... trying to attract business... CT is doing nothing constructive to bring business here ... no, I do not want CT to mirror Michigan's economy... but at least they are now trying... The DECD, Rell, and all of the legislature needs to make it a top priority to bring commerce to CT..we are draining our labor supply to other states.
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Old 10-01-2008, 10:23 PM
 
Location: Texas
2,394 posts, read 4,086,545 times
Reputation: 1411
Quote:
Originally Posted by seymourct View Post
Michigan at least is now doing something ...anything they try is at least trying...
Government is more powerful at screwing up things than they are at fixing things.
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