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Old 01-28-2009, 12:01 AM
Location: no
27 posts, read 59,453 times
Reputation: 28


Originally Posted by texdav View Post
he also seems to forget that reagan inherited the worse recession since the 30's from that liberal carter who the peole booted out because of double digit inflation and very high unemployment. Now that the democrats have been in congress for over a yuear it seems that their answer is to give rebates which are likie a one time tax lowering . Now they are considering another one. That when they have always siad that lowering txaes is never the answer. But tehn looking back it seem even kennedy disagreed as he lower taxes to simulate the econpmy when he was president. Now the democrats decisions to stoip drilling and nuclear power has come to roost. Aterall the liberal demopcrats are lossign power in the party as evidenced by the last congressional elections in which all the democrats that won new seats were in fact blurdog ;conservative democrats not the liberal wing of the party.
no you forget carter inherited that recession from nixon

ike and nixon got us into vietnam in 1955 under the guise of a uso tour

by 1959 we had official army kia

thats on the wall in washington

nixon finalyy ended the lost cause after 18 years

that caused the recession you loser

ford didnt do crap except pardon nixon

and give the recession to carter

i lived thru these events loser

i did not just read a repunk slated account of history like you did

if you can even read tex
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Old 02-22-2009, 12:33 PM
Location: no
27 posts, read 59,453 times
Reputation: 28
Originally Posted by thebigr View Post
And now you have your boy Obama to lead the crooks in Washington now.
YA I NOTICE YOUR REPUNK buddies are not doing a think to help solve the problem they caused

what 3 total repunks voted to fix the problems they caused

by supporting the stimulus bill

your repunks never had a problem building a bigger debt by passing blank checks for bushpunks war

NOW when the debt is being built bigger to help americans

you repunks drag your feet YOU UNAMERICAN PUNKS



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Old 02-22-2009, 12:37 PM
Location: Great State of Texas
86,068 posts, read 74,761,325 times
Reputation: 27602
Originally Posted by KevK View Post
many people are not going to like this because it is going to reduce demand for housing but it MUST be done anyway. The government needs to step in with new regulations stating what kind of loans that the FHA, Fannie, Freddie and other backed institutions will buy or allow to be be made. This should include the complete outlawing of any sub prime or smoke and mirror adjustable rate loans and the requirement of at least a 5% cash down payment and a credit rating that is decent. All income should be verified using 12 month averaging of bank statements.
All loans should also come with no pre payment penalties so that owners can refiance them at anytime. Many of the people that got into smoke and mirror sub prime loans had such still pre payment penalties that it was impossible for them to refi even if they had made every payment on time! They had no choice but to walk away because they could not refi or sell the house.
In other words it should be made more difficult to buy a home. There was a time in this country that people did save money- and even paid 10 or 20% down for a house! I don't think 5% cash from a verified source is too much to ask. If all these investment banks are not going to be taxpayer insured by the Fed, we have every right to set standards.
We don't need new laws KevK..we just need government to re-instate the old laws as they worked just fine. The banks wanted more money so they relaxed the rules. Yes, it is that simple.

And to date..they still have not done anything about the current bad regulations in place.
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Old 02-22-2009, 12:38 PM
19,098 posts, read 20,668,871 times
Reputation: 8384
What is going on? Day of reviving dead threads? Stop reviving dead threads already....
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