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Old 07-13-2011, 12:10 PM
 
Location: The Republic of Texas
78,863 posts, read 46,596,242 times
Reputation: 18521

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You watched it all happen…

tick.. tick.. tick... The sub-prime mortgage market collapsing — taking the financial and real estate industries with it…

…The $672.6 trillion of toxic debt created by Wall Street in outstanding OTC derivatives — that's wiping out the life savings of millions…

…And the skyrocketing unemployment — with ACTUAL jobless numbers reaching as high as 22 percent.

But do you really KNOW what’s going on?

The government has gone out of its way to distort — and in many cases deliberately cover up — the seriousness of the current financial situation.

My main focus is job creation... Out pops a job killing heathcare fiasco, then try and pass a treasonous bill called the Dream Act. 2 more wars and more getting killed in Afghanistan than ever.


Can Nov. 2012 get here fast enough?
Will it be too late?





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Old 07-13-2011, 12:50 PM
 
Location: Portland, OR
8,802 posts, read 8,894,702 times
Reputation: 4512
Quote:
Originally Posted by BentBow View Post
You watched it all happen…

tick.. tick.. tick... The sub-prime mortgage market collapsing — taking the financial and real estate industries with it…

…The $672.6 trillion of toxic debt created by Wall Street in outstanding OTC derivatives — that's wiping out the life savings of millions…

…And the skyrocketing unemployment — with ACTUAL jobless numbers reaching as high as 22 percent.

But do you really KNOW what’s going on?

The government has gone out of its way to distort — and in many cases deliberately cover up — the seriousness of the current financial situation.

My main focus is job creation... Out pops a job killing heathcare fiasco, then try and pass a treasonous bill called the Dream Act. 2 more wars and more getting killed in Afghanistan than ever.


Can Nov. 2012 get here fast enough?
Will it be too late?



That's an overstated sum.
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Old 07-13-2011, 01:33 PM
 
Location: The Republic of Texas
78,863 posts, read 46,596,242 times
Reputation: 18521
Wall Street may have discovered a way out from under the bad debt and risky mortgages that have clogged the financial markets. The would-be solution probably sounds familiar: It's a lot like what got banks in trouble in the first place.
two years ago investment banks have been repackaging old mortgage securities and offering to sell them as new products, a plan that's nearly identical to the complicated investment packages at the heart of the market's collapse. Guess what is fixing to hit??? Take a wild guess.
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Old 07-13-2011, 01:47 PM
 
29,407 posts, read 21,996,065 times
Reputation: 5455
Now we have the DOJ forcing banks to lend to minorities with bad credit which is just starting the cycle all over again.
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Old 07-13-2011, 01:56 PM
 
Location: Sierra Vista, AZ
17,531 posts, read 24,687,243 times
Reputation: 9980
In a dozen years the Rich have stolen 40% of the wealth of this country. In any other society the people would be in the streets with pitchdforks and torches. We truly have become too lazy to avoid our own destruction.
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Old 07-13-2011, 02:31 PM
 
Location: Sierra Vista, AZ
17,531 posts, read 24,687,243 times
Reputation: 9980
Quote:
Originally Posted by KUchief25 View Post
Now we have the DOJ forcing banks to lend to minorities with bad credit which is just starting the cycle all over again.
Source??
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Old 07-13-2011, 02:58 PM
 
13,900 posts, read 9,766,243 times
Reputation: 6856
Obama will get another four years. He's easily out raising the GOP right now and they will probably shoot themselves in the foot by not nominating Romney. The economy will continue to moderately expand until the housing and construction industries finally get back on their feet. By the time Obama leaves office in 2016, the unemployment rate will be down to pre-recession/financial crisis numbers.
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Old 07-13-2011, 05:47 PM
 
Location: North Central Florida
6,218 posts, read 7,725,739 times
Reputation: 3939
Quote:
Originally Posted by Winter_Sucks View Post
Obama will get another four years. He's easily out raising the GOP right now and they will probably shoot themselves in the foot by not nominating Romney. The economy will continue to moderately expand until the housing and construction industries finally get back on their feet. By the time Obama leaves office in 2016, the unemployment rate will be down to pre-recession/financial crisis numbers.


Wonder how many will starve to death while waiting for 2016?

YC.......
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Old 07-16-2011, 08:21 PM
 
Location: The Republic of Texas
78,863 posts, read 46,596,242 times
Reputation: 18521
The time is now for a real change.

Ron Paul - 2012
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Old 07-16-2011, 08:31 PM
 
Location: it depends
6,369 posts, read 6,405,709 times
Reputation: 6388
Quote:
Originally Posted by Boompa View Post
In a dozen years the Rich have stolen 40% of the wealth of this country. In any other society the people would be in the streets with pitchdforks and torches. We truly have become too lazy to avoid our own destruction.
In two and a half years, the Dems have cut the future wealth and prosperity of this country down to European-like levels due to the stagnation implicit in European-like government involvement in the economy. Prepare for a 30% lower standard of living, as we "catch up" to that enlightened continent.

The rich haven't stolen anything from me, but they sure have provided me with productivity tools beyond my wildest imaginings. These have helped me become, if not rich, a member of the "formerly poor."

Life in the 21st century is grand, if you let it be.
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