Match-Cut General Election Thread

[Mysterious Dude]

Hey, they have 24 hours to fill. What else is there to talk about?

[Ezee E]

Hey, they have 24 hours to fill. What else is there to talk about?

Sell that time for infomercials and not having to pay crew and cast.

Anything but that.

[Benny Profane]

Presidential Hopefuls Eye the Economy

Here's a good link for the comparisons between the ever developing economic policies of the two candidates.

"Obama proposes creating a $10 billion fund to help prevent foreclosures and eliminating some taxes and fees for families who must sell their homes. He would also provide tax credits to 10 million middle class homeowners who struggle with mortgage costs."

Frightening.

[Raiders]

Frightening.

Well, what do you suggest?

That entire article makes me remember why I am not conservative. All it is seems to be less taxes = more money, which you learn ain't true in Economics 101.

[Benny Profane]

Well, what do you suggest?

Sell your home and find a new one that you can afford.

[Raiders]

Sell your home

To whom? Who's buying homes? The market ain't moving right now. I have seen houses for sale in my neighborhood for more than six months.

[shaun]

Well, what do you suggest?

I suggest the government not getting into the business of subsidizing poor financial decisions.

[Sycophant]

I don't think it's really in the interest of the nation or its economy for its people to have their homes foreclosed on.

I find McCain's gas tax holiday much more absurd.

[Scar]

There are soooo many houses around here that are going to have to be demo'ed because the owners destroyed the insides. We've seen houses where the entire ceilings were black with mold.

Time for a major correction.....

[Benny Profane]

To whom? Who's buying homes? The market ain't moving right now. I have seen houses for sale in my neighborhood for more than six months.

I have seen houses on my block that have sold in a matter of days. Hooray for anecdotal evidence.

Maybe they could sell it to another family from a higher income bracket who just sold their house and are looking to move down.

If they can't sell, then boo hoo, they'll have to foreclose. Why should a person who made a better decision be responsible for those that didn't?

[Benny Profane]

Time for a major correction.....

No way, let's keep taking money out of smarter people's pockets because retards don't clean their house.

[Scar]

No way, let's keep taking money out of smarter people's pockets because retards don't clean their house.

I remember for years listening to people talking about buying these houses, and saying how they'll flip 'em and make a huge profit before their mortgages reset.

Guess what, time to take it up the ass side ways without lube.

[Ezee E]

Sell your home and find a new one that you can afford.

novel concept.

Someone at my work was dumb enough to notice how small payments were for the first several years, not really thinking about the future. They had to foreclose their house.

This one I do disagree on with Barack. If anything, people need to be educated more on the consequences of buying a house, and the long term details.

[Ezee E]

I remember for years listening to people talking about buying these houses, and saying how they'll flip 'em and make a huge profit before their mortgages reset.

Guess what, time to take it up the ass side ways without lube.

Yep. The first place I lived in was doing that. They had a hard time getting people to move in because I was there, and they could only get girls that wanted to live with girls.

They decided to boot me out.

The girls didn't move in anyways.

Nobody rented from them for five months. Turned out there was a leak in another bedroom's bathroom. CRASH, kitchen collapsed.

The family ended up selling the other house they were in, and have moved into the smaller one, and are fixing it up.

[shaun]

"I will veto every beer!"

http://www.cnn.com/video/#/video/pol....veto.beer.cnn

A dagger through the heart of his campaign if I ever saw one.

[Sycophant]

"I will veto every beer!"

http://www.cnn.com/video/#/video/pol....veto.beer.cnn

A dagger through the heart of his campaign if I ever saw one.

I understand that Bush is the one every red-blooded American wanted to have a beer with, but I think McCain's going too far in the opposite direction. McCain's efforts to distance himself from Bush have got to find a limit.

[DavidSeven]

Yeah... I'm opposed to Obama's mortgage/idiot bailout policy as well.

[Raiders]

If they can't sell, then boo hoo, they'll have to foreclose. Why should a person who made a better decision be responsible for those that didn't?

Because I live in the same country, feed off the same economy and care if the rate of foreclosures spills over and affects the economy at large.

I'm not endorsing Obama's idea, just asking what you would do. And I don't think expecting everyone to sell their home is very realistic. Regardless if people were buying, the value has decreased and these homes they bought for such a high price are likely not to sell for as much, and in the end they could come out owing the bank money. Not an easy way to go about buying your next house, now in a credit crunch no less.

I don't feel sorry for them, they could have thought it through and done the math, but I do empathize with poor people wanting to live the "American Dream" being sought after by banks looking for an easy way to foreclose.

[Benny Profane]

Because I live in the same country, feed off the same economy and care if the rate of foreclosures spills over and affects the economy at large.

This sets up a dangerous moral hazard. It shows that you can be as dumb as you wish and reap the same benefits that smarter people reap. This isn't little league where everyone gets a trophy at the end. These are important decisions with consequences. Also, do you really expect the definition of "victim" in these cases not to expand like a mushroom? The more people see others getting assistance, the more they will ask for it themselves.

Money is a finite resource. Bailing people out for being stupid will divert money my pocket and your pocket and from other, more worthwhile social programs.

As for the banks, the blame game just doesn't hold water for me.

[MadMan]

I don't think it's really in the interest of the nation or its economy for its people to have their homes foreclosed on.

I find McCain's gas tax holiday much more absurd.

I agree on both counts. And the gas tax holiday idea just pisses me off.

As for the housing market, in the end it will play out like the tech bubble that busted around 2000: lots of people losing their shirt, and the market readjusting itself. In the end letting the market simply correct itself and riding out the economic problems that will result may be the best, (and harshest for those involved) policy. But I'm sure that's either too obvious an answer or not politically correct.

[Dead & Messed Up]

I agree on both counts. And the gas tax holiday idea just pisses me off.

As for the housing market, in the end it will play out like the tech bubble that busted around 2000: lots of people losing their shirt, and the market readjusting itself. In the end letting the market simply correct itself and riding out the economic problems that will result may be the best, (and harshest for those involved) policy. But I'm sure that's either too obvious an answer or not politically correct.

That implies that some people will simply have to suffer through their bad mistakes, and, good sir, I will not hear it! This is the USA damn it!

We pride ourselves on stupid mistakes!

[Benny Profane]

The general election always brings out the best in the candidates.

McCain, once opposed to offshore drilling, now favors states deciding whether it's OK.

Obama, once declaring in no uncertain terms, that he would have a publicly funded campaign, has now backed out of that pledge.

Also, Obama says
NAFTA not so bad after all.

[Milky Joe]

Meanwhile...

[Spinal]

Obama, once declaring in no uncertain terms, that he would have a publicly funded campaign, has now backed out of that pledge.

I don't understand why I should care about this.

[Ezee E]

I don't understand why I should care about this.

I don't completely understand it myself, but he promised to stay with a publicly funded campaign and has now broken that promise. In a nutshell, that will be exposed to people as him being a liar.

Whether that actually means anything for what he'll do is probably moot, but well, people will use that against him.