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Enigma869 wrote:I'm just trying to figure out who the 28% group of jackasses areHow the hell ANYONE can approve of ANYTHING this moron does is beyond my level of comprehension. Bush has overseen the absolute worst collapse of the U.S. economy I've ever witnessed (and yes, I hold him directly responsible for much of it). I can only hope that our next president (regardless of party affiliation) works tirelessly to correct the endless wrongs that have occurred throughout Bush's ABYSMAL tenure!
John from Boston
conversationpc wrote:I don't approve of Bush's job performance overall but this isn't the worst economy overall that I've witnessed. Mid 80s to early 90s in the area I lived in at the time was worse than this.
conversationpc wrote:Enigma869 wrote:I'm just trying to figure out who the 28% group of jackasses areHow the hell ANYONE can approve of ANYTHING this moron does is beyond my level of comprehension. Bush has overseen the absolute worst collapse of the U.S. economy I've ever witnessed (and yes, I hold him directly responsible for much of it). I can only hope that our next president (regardless of party affiliation) works tirelessly to correct the endless wrongs that have occurred throughout Bush's ABYSMAL tenure!
John from Boston
I don't approve of Bush's job performance overall but this isn't the worst economy overall that I've witnessed. Mid 80s to early 90s in the area I lived in at the time was worse than this.
Enigma869 wrote:I also hope that I NEVER see a president this dreadful again, in my lifetime!
conversationpc wrote:I don't approve of Bush's job performance overall but this isn't the worst economy overall that I've witnessed.
Fact Finder wrote:I must have missed where the President went out and signed all of those millions of loan papers for people who couldn't affors the house they were trying to buy. I also missed where he personaly instructed those unscupulous loan officers to steer people into loans they couldn't possibly afford down the road. It's totally disingenious to blame this housing problem on Bush, but go ahead and be a lemming like the rest of the uneducated world who learns their "facts" from CNN or NBC et al.
Michigan Girl wrote:Fact Finder wrote:I must have missed where the President went out and signed all of those millions of loan papers for people who couldn't affors the house they were trying to buy. I also missed where he personaly instructed those unscupulous loan officers to steer people into loans they couldn't possibly afford down the road. It's totally disingenious to blame this housing problem on Bush, but go ahead and be a lemming like the rest of the uneducated world who learns their "facts" from CNN or NBC et al.
I MISSED it too!!!! I already said what I had to say about this in another thread, (Greenspan or something of the sort) I try to avoid repeating myself!!
AlteredDNA wrote:Michigan Girl wrote:Fact Finder wrote:I must have missed where the President went out and signed all of those millions of loan papers for people who couldn't affors the house they were trying to buy. I also missed where he personaly instructed those unscupulous loan officers to steer people into loans they couldn't possibly afford down the road. It's totally disingenious to blame this housing problem on Bush, but go ahead and be a lemming like the rest of the uneducated world who learns their "facts" from CNN or NBC et al.
I MISSED it too!!!! I already said what I had to say about this in another thread, (Greenspan or something of the sort) I try to avoid repeating myself!!
Yes, we've (sadly) been down this thread before, re: Blame Bush for everything bad - Housing / Gas Prices / etc...
Fact Finder wrote:Testifying at a Senate Banking Committee hearing Jennie Haliburton, told of how she took out a mortgage on her home a few years ago. She told her mortgage broker that she could afford a payment of $700 a month. He convinced the retiree to bump that up to $800, and Haliburton took the loan without realizing even that payment would rise. "Next thing I know, I'm paying $1,100 a month," she testified.
Another consumer, Al Ynigues, told the committee he trusted his mortgage broker, a longtime music student of his. "I asked for a 30-year fixed," said Ynigues, "but as I was signing the papers I found out I could not get a fixed. The broker told me not to worry, that the rates could go lower." Ynigues has seen his payment go from less than $2,100 to more than $2,300 already, and he's afraid it will go higher yet.
These borrowers are far from alone. Janis Bowdler, a policy analyst with the National Council of La Raza, says the mortgage market is not working well for minorities. In the Latino population; foreclosure rates are at a record high.
Bowdler said that many families are steered to inappropriate subprime products.
Senator Robert Menendez, Democrat from New Jersey, reported that 52 percent of African Americans receive subprimes and 47 percent of Latinos do as well. Many, however, could qualify for a prime rate loan.
This kind of steering is not only pervasive, it's deliberate, according to testimony from consumer rights attorney Irv Ackelsberg. "This fraud infested market has been producing little social benefit," he says. "Mortgage origination practices are run over by greed."
Enigma869 wrote:I'm just trying to figure out who the 28% group of jackasses areHow the hell ANYONE can approve of ANYTHING this moron does is beyond my level of comprehension. Bush has overseen the absolute worst collapse of the U.S. economy I've ever witnessed (and yes, I hold him directly responsible for much of it). I can only hope that our next president (regardless of party affiliation) works tirelessly to correct the endless wrongs that have occurred throughout Bush's ABYSMAL tenure!
John from Boston
Enigma869 wrote:conversationpc wrote:I don't approve of Bush's job performance overall but this isn't the worst economy overall that I've witnessed. Mid 80s to early 90s in the area I lived in at the time was worse than this.
Well, perhaps your eyes saw something else back then. It doesn't change the fact that this is the absolute WORST housing collapse in the history of our nation (it's on the nightly news EVERY night). That's to say absolutely nothing about the fact that energy costs are at an all time high (and climbing EVERY day) and many food products have increased in price over 200% just in the past 12 months! For me, this is as bad as I've ever seen it. I can only hope that the next guy sitting in the corner office is FAR more competent than Bush ever was! I also hope that I NEVER see a president this dreadful again, in my lifetime!
John from Boston
Enigma869 wrote:conversationpc wrote:I don't approve of Bush's job performance overall but this isn't the worst economy overall that I've witnessed. Mid 80s to early 90s in the area I lived in at the time was worse than this.
Well, perhaps your eyes saw something else back then. It doesn't change the fact that this is the absolute WORST housing collapse in the history of our nation (it's on the nightly news EVERY night). That's to say absolutely nothing about the fact that energy costs are at an all time high (and climbing EVERY day) and many food products have increased in price over 200% just in the past 12 months! For me, this is as bad as I've ever seen it. I can only hope that the next guy sitting in the corner office is FAR more competent than Bush ever was! I also hope that I NEVER see a president this dreadful again, in my lifetime!
John from Boston
MJM1959 wrote:So to recap, Bush II went from the being most popular president to becoming the least popular. Wow! That's a mighty impressive achievement. At one point in time he had the country in his pocket and yet he still manages to fuck it up. Unbelievable!
conversationpc wrote:MJM1959 wrote:So to recap, Bush II went from the being most popular president to becoming the least popular. Wow! That's a mighty impressive achievement. At one point in time he had the country in his pocket and yet he still manages to fuck it up. Unbelievable!
He had a lot of help from the Republican-controlled Congress up until last year and now the Democratic-controlled congress is just doing a bang-up job as well.
mistiejourney wrote:Enigma869 wrote:conversationpc wrote:I don't approve of Bush's job performance overall but this isn't the worst economy overall that I've witnessed. Mid 80s to early 90s in the area I lived in at the time was worse than this.
Well, perhaps your eyes saw something else back then. It doesn't change the fact that this is the absolute WORST housing collapse in the history of our nation (it's on the nightly news EVERY night). That's to say absolutely nothing about the fact that energy costs are at an all time high (and climbing EVERY day) and many food products have increased in price over 200% just in the past 12 months! For me, this is as bad as I've ever seen it. I can only hope that the next guy sitting in the corner office is FAR more competent than Bush ever was! I also hope that I NEVER see a president this dreadful again, in my lifetime!
John from Boston
Hi John - I was wondering how old you are, only because by the early 80s, interest rates on home loans were in the double digits. We got into our tiny fixer upper on the VA loan we were able to get as hubby was a Marine. Truly, the early 1980s were not that great - and it may be because of my profession (nursing), but I actually am better off now than I was then, with two little kids and a hubby in college full time.
It will be interesting to look back at this era in about 20 years and put it in historical perspective. I've lived through Eisenhower, Kennedy, Johnson, Nixon, Ford, Carter, Reagan, Bush, Clinton and Bush and we always land on our feet no matter who is in office. Our country, our system, is bigger than any one person and the economy is cyclical.
I have my political preferences, and some things will be bad and some things will be good no matter who is in office.
Geeze, I sound like an old grandmother!
Enigma869 wrote:I'm just trying to figure out who the 28% group of jackasses areHow the hell ANYONE can approve of ANYTHING this moron does is beyond my level of comprehension. Bush has overseen the absolute worst collapse of the U.S. economy I've ever witnessed (and yes, I hold him directly responsible for much of it). I can only hope that our next president (regardless of party affiliation) works tirelessly to correct the endless wrongs that have occurred throughout Bush's ABYSMAL tenure!
John from Boston
Michigan Girl wrote:YES, you are dating yourself....and ME as well!!!![]()
Rick wrote:Michigan Girl wrote:YES, you are dating yourself....and ME as well!!!![]()
I didn't know you two were dating.
mistiejourney wrote:Hi John - I was wondering how old you are, only because by the early 80s, interest rates on home loans were in the double digits. We got into our tiny fixer upper on the VA loan we were able to get as hubby was a Marine. Truly, the early 1980s were not that great - and it may be because of my profession (nursing), but I actually am better off now than I was then, with two little kids and a hubby in college full time.
It will be interesting to look back at this era in about 20 years and put it in historical perspective. I've lived through Eisenhower, Kennedy, Johnson, Nixon, Ford, Carter, Reagan, Bush, Clinton and Bush and we always land on our feet no matter who is in office. Our country, our system, is bigger than any one person and the economy is cyclical.
I have my political preferences, and some things will be bad and some things will be good no matter who is in office.
Geeze, I sound like an old grandmother!
Fact Finder wrote:I must have missed where the President went out and signed all of those millions of loan papers for people who couldn't affors the house they were trying to buy. I also missed where he personaly instructed those unscupulous loan officers to steer people into loans they couldn't possibly afford down the road. It's totally disingenious to blame this housing problem on Bush, but go ahead and be a lemming like the rest of the uneducated world who learns their "facts" from CNN or NBC et al.
Enigma869 wrote:mistiejourney wrote:Hi John - I was wondering how old you are, only because by the early 80s, interest rates on home loans were in the double digits. We got into our tiny fixer upper on the VA loan we were able to get as hubby was a Marine. Truly, the early 1980s were not that great - and it may be because of my profession (nursing), but I actually am better off now than I was then, with two little kids and a hubby in college full time.
It will be interesting to look back at this era in about 20 years and put it in historical perspective. I've lived through Eisenhower, Kennedy, Johnson, Nixon, Ford, Carter, Reagan, Bush, Clinton and Bush and we always land on our feet no matter who is in office. Our country, our system, is bigger than any one person and the economy is cyclical.
I have my political preferences, and some things will be bad and some things will be good no matter who is in office.
Geeze, I sound like an old grandmother!
I'm 37. As for the early 80's and what the interest rates were...I've heard MANY people refer to that period of time. I've worked in the mortgage industry for many years, and tell anyone who brings up that issue that it was a complete anamoly. The truth of the matter is that there is a huge S&L scandal during the time you're referring to, and there were CD (certificates of deposits) accounts were paying out double digit interest rates! It was all ridiculous and none of it made any sense. The other thing most people neglect to mention when referring to the "double digit" interest rates that they paid on their homes back in the early 80's is that the price of a house back then was less than what a car would cost you today!
John from Boston
Michigan Girl wrote:YUP!!! That was when the ol S&L's went defunct!!! We aquired MANY of those loans, I remember it well!!
The prices of homes WERE less than what a car costs today....but the prices of homes today are triple(or more) of what a car costs today. So what I'm trying to say is~ I guess I don't understand what you're saying...If you reply...remember, I'm 47...I'm on the verge of being an old lady...BE KIND!!!
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