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Hey, I do not like Obama either, but blaming him for this is not right. I have known people who bought in the bubble who have now lost their homes. None of them lost their jobs, their payments doubled when the ARM reset so they lost the house. How is that Obama's fault? To me, it was irresponsibility of the home buyer's fault.
Have to agree with you here. Obviously you are not drunk yet today.
I do not like blaming or crediting a President for the economic performance of a 20 trillion dollar economy. But in the case of Obama followers (worshipers) who only bow to their master; they need to have their eyes and mind open.
Well said. The "man of the people" is apparently for other people. I, as you, feel that the destruction of the middle class is by design, and not by accident. By creating a large portion of the population as federal dependents, Obama creates a whole new group of constituents who are dependent upon him for survival. Self sustaining, well to do citizens do not need handouts and do not need Obama.
Hey, I do not like Obama either, but blaming him for this is not right. I have known people who bought in the bubble who have now lost their homes. None of them lost their jobs, their payments doubled when the ARM reset so they lost the house. How is that Obama's fault? To me, it was irresponsibility of the home buyer's fault.
Not all are caused by the homeowner, you cannot pay bills with no income.
Many of them lost their jobs in the last year and cannot find a new one.
He has done nothing to help people save their homes at all which is wrong.
Instead he spent an entire year on issues other then jobs.
Knowing this is happening and he does nothing about it is wrong.
Partially true. But personal responsibility has never been high on the list of liberal "virtues".
With unemployment rates at 10% and personal incomes down, those who have lost thier jobs or have had reduced incomes can no longer afford thier homes. That IS Obama's fault. Further, it was Obama's discretion to use federal funds for the "stimulus" and "Obama care", rather than provide financial assistence to those homeowners having difficulty with thier mortgages. Money was spent for Wall Street bankers and pork, while the plight of the average citizen was ignored. Just another example of the war on the middle class waged by the left.
Thank you for understanding the difference. Yes Obama use Federal Funds for the stupid Stimulus, and for Obama Care. Some sort of financial assistence should have gone to those homeowners having a difficult time. But where did it go, oh lets see to WALL STREET BANKERS, AND PORK, and the little guy was just passed by. Little Potatoes with that PORK.
A socialist who favors the rich and not the working class
Quote:
Originally Posted by hawkeye2009
It appears as though the "prosperity" of the Obama administration is reserved for his Wall Street cronies. While the stock market has broken 11,000, more and more homes are broken and unemployment remains at nearly 10%. This is change we can believe in .
Foreclosure rates surge, biggest jump in 5 years - Yahoo! Finance (http://finance.yahoo.com/news/Foreclosure-rates-surge-apf-35024429.html?x=0&sec=topStories&pos=2&asset=&ccod e - broken link)=
So much for the allegation that he is redistributing the wealth from the rich to the poor. More proof he is not a socialist.
In all fairness, it has nothing to do with Obama. The foreclosures are due to the fact that people bought houses with crazy ARM loans that they now cannot afford. They are the ones to blame, no one else.
Everything positive is due to Obama, everything negative, has nothing to do with Obama.. Got it.
I agree with your premace though, just find it ironic that when news is good, liberals are one of the ones jumping up and down about how wonderful Obama was for "fixing" it..
You are correct! Obama is to blame for the UE rate being nearly 10% instead of over 11%. But hey, what a few million more people working among friends.
I love people who post things like this and ignore more facts..
We might have had 11% without the stimulus, but we might also have had 8% with a DIFFERENT kind of stimulus.. Your posting consider is NOTHING was done. No one suggests nothing be done.. What people called for is somehing PRODUCTIVE be done. Using your argument, we only needed to spend $5,000,000,000,000 more and the unemployment would have dropped to 8%. Ooh hell, why stop there, lets just spend $15,000,000,000,000 to get the unemployment down to 5%.. Yeah, that'll fix everything!!! Lets completely ignore the future consequences of said action, it only matters what happened TODAY.. Typical short term thinking by liberals..
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More foreclosures
They are the ones to blame, no one else.
