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Old 10-16-2009, 07:28 AM
 
Location: SARASOTA, FLORIDA
11,501 posts, read 14,310,904 times
Reputation: 4889

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Wow, he is breaking records all over the place.

During that time, 937,840 homes received a foreclosure letter -- whether a default notice, auction notice or bank repossession, the RealtyTrac report said. That means one in every 136 U.S. homes were in foreclosure, which is a 5% increase from the second quarter and a 23% jump over the third quarter of 2008.

Foreclosures hit record in third quarter 2009 - Oct. 15, 2009

And to think some lenders are becoming more lenient on foreclosures so these numbers could have been even worse if they wouldnt have done this.

Yup, the recession is over like some demwits believe.

Obama = Economic disaster



Oh and do not forget to read this part.

No end in sight
The foreclosure crisis may not diminish anytime soon. "The fastest growing area is in the 180 days late-plus category, the most seriously delinquent borrowers," Sharga said. "It's going to be a lingering problem."





Thanks Obama, the stimulus is working to save thousands of home for Americans.
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Old 10-16-2009, 07:32 AM
 
Location: By the sea, by the sea, by the beautiful sea
66,166 posts, read 47,765,403 times
Reputation: 36376
Amazingly talented, isn't he? Why in just ten months he managed to talk millions of people into buying houses they couldn't afford, finance them, fall behind, and lose them. In JUST ten months! He's amazing I tell ya, AMAZING!
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Old 10-16-2009, 07:42 AM
 
Location: S.E. US
13,169 posts, read 558,637 times
Reputation: 5117
Quote:
Originally Posted by burdell View Post
Amazingly talented, isn't he? Why in just ten months he managed to talk millions of people into buying houses they couldn't afford, finance them, fall behind, and lose them. In JUST ten months! He's amazing I tell ya, AMAZING!
Yes, and he probably did the same with the cash for clunkers program. I'll bet lots of people bought new cars they couldn't afford (and maybe didn't need). Wonder how they'll deal with it when they fall behind on payments, and the repo guy comes for the car.
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Old 10-16-2009, 08:00 AM
 
Location: By the sea, by the sea, by the beautiful sea
66,166 posts, read 47,765,403 times
Reputation: 36376
Quote:
Originally Posted by southward bound View Post
Yes, and he probably did the same with the cash for clunkers program. I'll bet lots of people bought new cars they couldn't afford (and maybe didn't need). Wonder how they'll deal with it when they fall behind on payments, and the repo guy comes for the car.


I'll certainly be expecting kudos to Obama from all of the Uptighty-Righties for putting all those repo guys to work.
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Old 10-16-2009, 08:00 AM
 
Location: Unperson Everyman Land
35,653 posts, read 23,083,195 times
Reputation: 10734
Quote:
Originally Posted by burdell View Post
Amazingly talented, isn't he? Why in just ten months he managed to talk millions of people into buying houses they couldn't afford, finance them, fall behind, and lose them. In JUST ten months! He's amazing I tell ya, AMAZING!

Would have been nice if he would have signed on to McCain's bill (S.190) instead of joining a threatened Democratic filibuster. Your point is well taken that BO didn't do this all by himself. He had lots of help from the Clinton administration and Carter before that. The point is we have authorized the spending of trillions of borrowed dollars to correct a situation that is only getting worse. So why did we spend the money? Maybe doling out bonuses to supporters wasn't the best way to spend the money.

Clinton repealed Glass-Steigal.

CRA Amendments in the Gramm-Leach Act

Clinton signed NAFTA.

A New Deal for the New Economy - WSJ.com

Clinton made MFNTS permanent for China.

Clinton Signs Bill on PNTR with China

Bush sent Snow to Congress in 2003 to work for a new regulatory agency to oversee the GSEs. That went nowhere.


YouTube - Follow the Money: How Fannie Mae Bought the Democrat Party[/LEFT]
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Old 10-16-2009, 09:06 AM
 
Location: Unperson Everyman Land
35,653 posts, read 23,083,195 times
Reputation: 10734
Quote:
Originally Posted by burdell View Post
I'll certainly be expecting kudos to Obama from the Uptighty-Righties for putting all those repo guys to work

Cash for clunkers was a bad program since sales nosedived the next month. It increased the cost of used cars the poorest American's depend on because the old ones were needlessly destroyed. If the administration wanted to increase MPGs they could have retrofitted existing vehicles to run on plentiful American/Canadian natural gas, changed gear ratios, wheels and tires, engines, etc. A focused program to increase mileage would put a lot of those mechanics, service writers, cashiers, porters and managers that he fired when he decided to close profitable dealerships back to work. I guess someone at the White House having a clue what a de-stroker kit is would be hoping for too much.
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Old 10-16-2009, 09:23 AM
 
Location: By the sea, by the sea, by the beautiful sea
66,166 posts, read 47,765,403 times
Reputation: 36376
Quote:
Originally Posted by momonkey View Post
Would have been nice if he would have signed on to McCain's bill (S.190) instead of joining a threatened Democratic filibuster. Your point is well taken that BO didn't do this all by himself. He had lots of help from the Clinton administration and Carter before that. The point is we have authorized the spending of trillions of borrowed dollars to correct a situation that is only getting worse. So why did we spend the money? Maybe doling out bonuses to supporters wasn't the best way to spend the money.

As is your convenient omission of all the fine economic work and planning done by the Bush Admisitration.
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Old 10-16-2009, 09:28 AM
 
Location: Texas
38,870 posts, read 22,792,349 times
Reputation: 24780
Quote:
Originally Posted by Sunny-Days90 View Post
Wow, he is breaking records all over the place.

During that time, 937,840 homes received a foreclosure letter -- whether a default notice, auction notice or bank repossession, the RealtyTrac report said. That means one in every 136 U.S. homes were in foreclosure, which is a 5% increase from the second quarter and a 23% jump over the third quarter of 2008.

Foreclosures hit record in third quarter 2009 - Oct. 15, 2009

And to think some lenders are becoming more lenient on foreclosures so these numbers could have been even worse if they wouldnt have done this.

Yup, the recession is over like some demwits believe.

Obama = Economic disaster



Oh and do not forget to read this part.

No end in sight
The foreclosure crisis may not diminish anytime soon. "The fastest growing area is in the 180 days late-plus category, the most seriously delinquent borrowers," Sharga said. "It's going to be a lingering problem."





Thanks Obama, the stimulus is working to save thousands of home for Americans.

Conservos hate good news but relish bad news these days.
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Old 10-16-2009, 10:42 AM
 
Location: Gone
25,230 posts, read 15,591,100 times
Reputation: 5920
Quote:
Originally Posted by Sunny-Days90 View Post
Wow, he is breaking records all over the place.

During that time, 937,840 homes received a foreclosure letter -- whether a default notice, auction notice or bank repossession, the RealtyTrac report said. That means one in every 136 U.S. homes were in foreclosure, which is a 5% increase from the second quarter and a 23% jump over the third quarter of 2008.

Foreclosures hit record in third quarter 2009 - Oct. 15, 2009

And to think some lenders are becoming more lenient on foreclosures so these numbers could have been even worse if they wouldnt have done this.

Yup, the recession is over like some demwits believe.

Obama = Economic disaster



Oh and do not forget to read this part.

No end in sight
The foreclosure crisis may not diminish anytime soon. "The fastest growing area is in the 180 days late-plus category, the most seriously delinquent borrowers," Sharga said. "It's going to be a lingering problem."





Thanks Obama, the stimulus is working to save thousands of home for Americans.
Housing numbers low, unemployment numbers are high, the government needs to FIX IT! Spoken like true Socialists.
Casper
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Old 10-16-2009, 11:59 PM
 
Location: Unperson Everyman Land
35,653 posts, read 23,083,195 times
Reputation: 10734
Quote:
Originally Posted by burdell View Post
As is your convenient omission of all the fine economic work and planning done by the Bush Admisitration.

I included facts in my post.

What are your facts?

Need to see some Bush era legislation.
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