U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 09-19-2008, 11:05 AM
 
495 posts, read 662,154 times
Reputation: 203

Advertisements

Former presidential candidate Rep. Ron Paul of Texas totally rejected the latest White House and Federal Reserve bailout of the financial industry by characterizing it as simply “prolonging the agony.”

Video.
Reply With Quote Quick reply to this message

 
Old 09-19-2008, 11:14 AM
 
8,180 posts, read 11,293,299 times
Reputation: 2880
Hard choices for hard times ceased being an American virtue. Now it is all about feel good politics, and pretending that the sky is not falling today (though it will for your children).
Reply With Quote Quick reply to this message
 
Old 09-19-2008, 11:43 AM
 
Location: Great State of Texas
86,093 posts, read 72,563,848 times
Reputation: 27566
Well it's true..the debts are still there..just shifted to the government and taxpayers.
It will have to be paid off somehow. RE will not be going back to where it was for a long long time.
Reply With Quote Quick reply to this message
 
Old 09-19-2008, 11:50 AM
 
Location: In My Own Little World. . .
3,238 posts, read 7,971,707 times
Reputation: 1601
Quote:
Originally Posted by camping! View Post
Hard choices for hard times ceased being an American virtue. Now it is all about feel good politics, and pretending that the sky is not falling today (though it will for your children).
And grandchildren, and great grandchildren. I wonder how the generations in the future will feel about paying off all these debts we incurred? And what about their needs and "crisises"? Where will the money come from for them? More borrowing? It has to stop somewhere. It's time for tough love.
Reply With Quote Quick reply to this message
 
Old 09-19-2008, 11:52 AM
 
Location: South Bay Native
13,403 posts, read 21,965,456 times
Reputation: 23700
Quote:
Originally Posted by HappyTexan View Post
Well it's true..the debts are still there..just shifted to the government and taxpayers.
It will have to be paid off somehow. RE will not be going back to where it was for a long long time.
And it never should have gotten that far in the first place. I saw the writing on the wall when homes close to where I live that were worth <$200K were selling for >$600K. The people buying them had no money, and barely made enough gross to cover the true monthly mortgage (not the teaser rate on the ARMs they were getting).

Just curious - is that HDTV still airing the house flipping shows?
Reply With Quote Quick reply to this message
 
Old 09-19-2008, 12:04 PM
 
Location: on an island
13,382 posts, read 40,936,227 times
Reputation: 13245
We saw the writing on the wall back in '06, about six months before my husband got laid off.
And yes, Flip This House is still on.
Funny how the pendulum swings from less government to more and how some people can be so anti-government ... until they need it.
Reply With Quote Quick reply to this message
 
Old 09-19-2008, 12:27 PM
 
Location: Albemarle, NC
7,730 posts, read 12,718,411 times
Reputation: 1505
Oh well. Who is John Galt?
Reply With Quote Quick reply to this message
 
Old 09-19-2008, 12:33 PM
 
Location: on an island
13,382 posts, read 40,936,227 times
Reputation: 13245
Quote:
Originally Posted by paperhouse View Post
Oh well. Who is John Galt?
LOL
I reread that book just a couple months before the lay-off!
Reply With Quote Quick reply to this message
 
Old 09-19-2008, 12:45 PM
 
8,180 posts, read 11,293,299 times
Reputation: 2880
Quote:
Originally Posted by DontH8Me View Post
And it never should have gotten that far in the first place. I saw the writing on the wall when homes close to where I live that were worth <$200K were selling for >$600K. The people buying them had no money, and barely made enough gross to cover the true monthly mortgage (not the teaser rate on the ARMs they were getting).

Just curious - is that HDTV still airing the house flipping shows?
TLC actually has a show on how to fix up your house enough you can refinance it and stay in it.
Reply With Quote Quick reply to this message
 
Old 09-19-2008, 12:58 PM
 
4,172 posts, read 5,995,211 times
Reputation: 1199
The 2 parties are doing great -what does RP know.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top