Obama's First Year

[catastrophe]

But look at the numbers, throwing all that money did virtually NO good for the man on the street. And that same man, his kids, and his grandkids will be paying on this debt for the foreseeable future. Billions of dollars = no results= FAIL.

The worst financial mess in history worldwide and you expect it to be turned around in 7 months??

 

[Steve 1]

The worst finacial mess in history worldwide and you expect it to be turned around in 7 months??

HUH!!! He made it worse the Market would have Self-corrected!

 

[Ted]

TOO big to fail....

 

[MarylandMark]

We are immune to these numbers these days

In retrospect, it looks like a pretty good balance in putting a bottom under the economy without adding too much debt.

Like the 1st school shooting, the 1st machete to the neck on tape, the 1st Trillion, sex scandals, etc- goes from being a Holy **** moment to 2nd page news. We are immune to really comprehending how much we are really screwed by this little bail out.

Japan- we are following their play book on the economy, which didn't work for them.

 

[Wobble]

We are immune to these numbers these days

In retrospect, it looks like a pretty good balance in putting a bottom under the economy without adding too much debt.

Like the 1st school shooting, the 1st machete to the neck on tape, the 1st Trillion, sex scandals, etc- goes from being a Holy **** moment to 2nd page news. We are immune to really comprehending how much we are really screwed by this little bail out.

Japan- we are following their play book on the economy, which didn't work for them.

If I remember correctly you collected 8k in stimulus money for your home purchase, seems like you would be in favor of the administrations spending:sifone:

 

[MarylandMark]

If I remember correctly you collected 8k in stimulus money for your home purchase, seems like you would be in favor of the administrations spending:sifone:

It should be here in about 3 weeks. Fed Gov't- takes them 5+ months to process it. Make that 5+ months and a day since they were off with pay today (great for me- less traffic on my way to work!)

I'm glad I got my hand in the pot but would have preferred they never had the program at all. We'll be paying for it many times over, even with me getting my hand in the cookie jar; we'd all be better off it the program never existed IMHO.

ps- thanks for the $8 folks! :bump:

 

[Tommy Gun]

I would point out that preventing a complete financial collapse DID benefit the man on the street.

Didn't the TARP program start under Paulson and the Bush administration? And of course the Democrats reemed him for it; to the point it helped put Obama in the White House.

 

[Steve 1]

One has to admire the Kenyans ability to slowly grasp the Obvious.

 

[Expensive Date]

I would point out that preventing a complete financial collapse DID benefit the man on the street.

Hey, Jay ahhh didn't Bush do that with the 700 billion bail out? Which I would not have done.Are we better off because all the major banks are still here? Somehow I think they would have found away to struggle through though.

 

[Expensive Date]

The worst financial mess in history worldwide and you expect it to be turned around in 7 months??

Hey Alec, I guess because pretty much all the banks that for the most part were the catalyst for this mess are all showing a profit and handing out bonuses we figured that its turned around.

 

[Edward R. Cozzi]

Jayboat: Last time I saw THAT much horse$hit I was watching a Mexican guy muck my horses stalls!

 

[catastrophe]

Hey Alec, I guess because pretty much all the banks that for the most part were the catalyst for this mess are all showing a profit and handing out bonuses we figured that its turned around.

Oh, are they lending money to small businesses yet? Are they giving home mortgages yet?

 

[BBB725]

Oh, are they lending money to small businesses yet? Are they giving home mortgages yet?

That would be too risky:sifone:

 

[Expensive Date]

Oh, are they lending money to small businesses yet? Are they giving home mortgages yet?

I could walk into my bank and get a 300k loan tommorrow if I wanted it.But I could have done that last March I think it has something to do with the 810 credit score and never paying a bill late in my life.But lending to people that probably can't pay it back, actually that is starting.You now can get an auto loan with a 600 score we have learned nothing.

 

[2112]

I could walk into my bank and get a 300k loan tommorrow if I wanted it.But I could have done that last March I think it has something to do with the 810 credit score and never paying a bill late in my life.But lending to people that probably can't pay it back, actually that is starting.You now can get an auto loan with a 600 score we have learned nothing.

I have the same credit history and had to jump through hoops to get a small investment real estate loan with 45% down. :ack2:

We have gone from one extreme to the other.

.

 

[Expensive Date]

I have the same credit history and had to jump through hoops to get a small investment real estate loan with 45% down. :ack2:

We have gone from one extreme to the other.

.

Real estate especially investment is tougher and will be for a while.In 1990 I built a 300k house with 2/3 down and had to put a bow around the app.These things run in cycles been down this road before real question is are we done......

 

[MarylandMark]

We have gone from one extreme to the other.

+1

I bought a house back in June but took until September to settle- all because of the bank. No wonder they needed a bail out; most I dealt with were Quickie Mart rejects at best- pure idiots.

 

[Birdog]

It should be here in about 3 weeks. Fed Gov't- takes them 5+ months to process it. Make that 5+ months and a day since they were off with pay today (great for me- less traffic on my way to work!)

I'm glad I got my hand in the pot but would have preferred they never had the program at all. We'll be paying for it many times over, even with me getting my hand in the cookie jar; we'd all be better off it the program never existed IMHO.

ps- thanks for the $8 folks! :bump:

That makes you part of the problem

 

[MarylandMark]

That makes you part of the problem

Not by choice- I was spurring the economy by buying a house, $8K just came with it. If I had the option to refuse it and opt out of having to fund the program I would have.

 

[Birdog]

Not by choice- I was spurring the economy by buying a house, $8K just came with it. If I had the option to refuse it and opt out of having to fund the program I would have.

I dont know the details of how this program works. Are you saying they forced you to take 8k ?