A disillusioned liberal democrat

[sportage]

Well this is a vent (rant) that should make a lot of here republicans happy.
But as a liberal democrat, it will admit its true that democratic politicians truly believe the government can spend your money better than you can. Nothing has changed in that area.

Case in point... housing bailout and tax relief.
So workers will be getting around $13 a week for a tax break?
Where as folks having mortgage problems can "apply" (or whatever)
for some kind of bank mortgage relief?
And the bottom line? any relief or help will still be at the mercy of the greedy banks.
Don?t fool yourself. Banks will care NOT about your bottom line, only theirs.
So don?t count on much, if you are someone that falls within that ?mortgage crisis? problem area.

The tragedy here is with spending tax dollars on Fannie and Freddie, from the stim/housing package.
What Fannie and Freddie?s do is pay banks 80% on those home foreclosures.
That?s mortgage loan insurance, people.
Why should the banks risk ?working out? terms with the home owner, when the bank
could (and did):
#1 foreclose,
#2 get 80% on that failed loan from Freddie, and
#3 also got the home owners property back.

Now ?that? is a win win win situation for the banks.
Problem was, Fannie and Freddie went belly-up insuring all those failed loans.
And thus, our little saga begins (or began).

Here come your tax dollars to the rescue!!!
Right into Fannie & Freddie?s pocket.
And for what????
To pay those banks, again, their 80% on failed loans.
Win win win is back, Mr banker!
So do you REALLY believe that bank will have ANY desire to work with those ?foreclosure facing? home owners? Hehehe?..hehe
Just another train wreck in the making, funded this time by YOU, the tax payer.

I am now convinced that little if any of this stim package will really help much,
neither will the housing bailout/assistance program, with helping those that need it.

The remedy is simple. But you will never hear it from a democrat in congress.
Simple in that they could easily kill two birds with one stone, as it goes.
How? Simply give everyone a substantial tax relief benefit NOW, and for, say,
the next 12 - 18 months.
If every ?paycheck earning? workers tax holdings was cut by 50%, or better yet 75% for the next 18 months, then everyone could afford to get back on their feet. Folks behind in mortgage payments could afford to catch them up, and everyone else could afford to spend those dollars in truly "stimulating" sales and i.e. the economy.

If working people were given a substantial tax break, then this mortgage
crisis would pretty much cure itself.
That is? those that played by the rules but experienced bumps in the old personal financial road, they would have the money in their pockets to remedy their problem.
And for those that bought beyond their ability to pay in the first place, let them fail.
Government assistance programs will never cure a bad mortgage.
And?
Government assistance programs will never cure a good mortgage.

After all... what ?paycheck earning? folks simply need is "real" tax relief.
Other folks behind in home mortgages, without a job, will never in reality
save their home just by getting some gov assistance.
What they really need is work, plus tax relief on top of that.

But I now realize, and its clear, we will never see a change in that democratic ideology of government knowing best when it comes to spending your tax dollars.

Yes! For the most part we are thrilled a black man has been elected president.
History making, and YOU were there.
But beyond that, not much is going to change.
So, as a liberal democrat, I know most folks will all but have forgotten the GW Bush years, after the next two years has passed. The voters have very short memories. The republicans should have a strong clear shot at regaining power.
That is, if they can put a hold on their right wing nut cases (i.e. Sarah) , airport bathroom visitations, and the Bush-era corruption.

I will wager Newt Gingrich to play a major part in the next election.
And if republicans play their cards right, and smart, they should
have no problems regaining much of the losses during the Bush years.
And I for one, a liberal democrat, will be paying close attention.
Because sadly, it looks like democrats still have not learned their history lesson.
And that is why I vent. Because I?m not a happy tax paying camper, riding on the train wreck express. Especially when the solution is so simple a child could have figured it out.
I thought this new group I elected would know better. Guess not?

 

[AnnonUSA]

Ahhhh! It sucks when reality begins to set in.... Change is not so different after all is it?


We keep hearing how the Stimulus is going to be different this time. Banks that get money will be forced to "Lend" it. To who? To people that 6 months to a year from now will not be able to pay the loans back. So lets give the banks money and force them to create more future bad debt.

This is more of a "Spending Bill" than a stimulus bill.

Billions of dollars are going to be pumped into education...school funding, new school building, renovations....etc. This is, In New Jersey at least, supposed to help tax payers by relieving their school tax burden...Are my education taxes going to go down? No. The schools will just spend all the additional money and all their allocated Tax money too.

Highway projects? Road rebuilding? Really....Put yourself in the position of construction companies...who have been taking it on the chin for the last few years....now they are going to get Government contracts to fix the nations roads...are they gonna run out and hire tons of people? No. The stimulus package is designed to put jobs in place that may employ people for extended periods, therefore long term, no foreseeable deadlines. If I owned a construction company I am going to try to maximize my profit on these contracts so I'm not going to hire tons of new people.

Governmental smoke and mirrors as usual.

 

[Dari]

You've got to be stronger than that. You're giving up way too early.

 

[gingermeggs]

the ultra-liberal is only a stones throw away from full core fascista, thats the next phase. It is destiny and a part of the blame game.
give a liberal some property and they turn fascist, like the ussr did, but hey its the polarization of Caucasian and Asian against Negro and indo, which is on the cards big time......watch Pakistan evolve into majorl war, funny thing will be the USA /Russo allegiance.
White is right!
the pommes started all of this, if the players where smart they would cut the pommy throat first....and yes I am half Irish!
yes it is black and white after all.

 

[soccerballtux]

The republicans think they can spend my money better too. They're both irritating me at the moment-- there is no conservative to vote for.

 

[SickBeast]

Obama has to do something to combat this economic crisis, just like Bush had to do something after 9/11.

I say don't judge him until we see some results - good or bad. People gave Bush the benefit of the doubt and judged him critically afterward. Obama may suffer the same fate. I hope he doesn't. He seems like a nice guy.

 

[Carmen813]

$13 a week may not be much if you are currently living comfortable, however it is hugely helpful to my wife and I in our current situation. It's enough to cover some of our bills, which is significant at the current time.

 

[Infohawk]

Democrats were never a great option, but they are the better of two bad options on the national level. It's too bad the religious nuts and warmongers have control of the Republican party.

 

[JEDIYoda]

Originally posted by: sportage
Well this is a vent (rant) that should make a lot of here republicans happy.
But as a liberal democrat, it will admit its true that democratic politicians truly believe the government can spend your money better than you can. Nothing has changed in that area.

Case in point... housing bailout and tax relief.
So workers will be getting around $13 a week for a tax break?
Where as folks having mortgage problems can "apply" (or whatever)
for some kind of bank mortgage relief?
And the bottom line? any relief or help will still be at the mercy of the greedy banks.
Don?t fool yourself. Banks will care NOT about your bottom line, only theirs.
So don?t count on much, if you are someone that falls within that ?mortgage crisis? problem area.

The tragedy here is with spending tax dollars on Fannie and Freddie, from the stim/housing package.
What Fannie and Freddie?s do is pay banks 80% on those home foreclosures.
That?s mortgage loan insurance, people.
Why should the banks risk ?working out? terms with the home owner, when the bank
could (and did):
#1 foreclose,
#2 get 80% on that failed loan from Freddie, and
#3 also got the home owners property back.

Now ?that? is a win win win situation for the banks.
Problem was, Fannie and Freddie went belly-up insuring all those failed loans.
And thus, our little saga begins (or began).

Here come your tax dollars to the rescue!!!
Right into Fannie & Freddie?s pocket.
And for what????
To pay those banks, again, their 80% on failed loans.
Win win win is back, Mr banker!
So do you REALLY believe that bank will have ANY desire to work with those ?foreclosure facing? home owners? Hehehe?..hehe
Just another train wreck in the making, funded this time by YOU, the tax payer.

I am now convinced that little if any of this stim package will really help much,
neither will the housing bailout/assistance program, with helping those that need it.

The remedy is simple. But you will never hear it from a democrat in congress.
Simple in that they could easily kill two birds with one stone, as it goes.
How? Simply give everyone a substantial tax relief benefit NOW, and for, say,
the next 12 - 18 months.
If every ?paycheck earning? workers tax holdings was cut by 50%, or better yet 75% for the next 18 months, then everyone could afford to get back on their feet. Folks behind in mortgage payments could afford to catch them up, and everyone else could afford to spend those dollars in truly "stimulating" sales and i.e. the economy.

If working people were given a substantial tax break, then this mortgage
crisis would pretty much cure itself.
That is? those that played by the rules but experienced bumps in the old personal financial road, they would have the money in their pockets to remedy their problem.
And for those that bought beyond their ability to pay in the first place, let them fail.
Government assistance programs will never cure a bad mortgage.
And?
Government assistance programs will never cure a good mortgage.

After all... what ?paycheck earning? folks simply need is "real" tax relief.
Other folks behind in home mortgages, without a job, will never in reality
save their home just by getting some gov assistance.
What they really need is work, plus tax relief on top of that.

But I now realize, and its clear, we will never see a change in that democratic ideology of government knowing best when it comes to spending your tax dollars.

Yes! For the most part we are thrilled a black man has been elected president.
History making, and YOU were there.
But beyond that, not much is going to change.
So, as a liberal democrat, I know most folks will all but have forgotten the GW Bush years, after the next two years has passed. The voters have very short memories. The republicans should have a strong clear shot at regaining power.
That is, if they can put a hold on their right wing nut cases (i.e. Sarah) , airport bathroom visitations, and the Bush-era corruption.

I will wager Newt Gingrich to play a major part in the next election.
And if republicans play their cards right, and smart, they should
have no problems regaining much of the losses during the Bush years.
And I for one, a liberal democrat, will be paying close attention.
Because sadly, it looks like democrats still have not learned their history lesson.
And that is why I vent. Because I?m not a happy tax paying camper, riding on the train wreck express. Especially when the solution is so simple a child could have figured it out.
I thought this new group I elected would know better. Guess not?

As long as everything is going good you stay on baord the ship!
When things are not going so good instead of being part of the solution people like you bail......so sad

 

[tfcmasta97]

Originally posted by: sportage
Well this is a vent (rant) that should make a lot of here republicans happy.
But as a liberal democrat, it will admit its true that democratic politicians truly believe the government can spend your money better than you can. Nothing has changed in that area.

Case in point... housing bailout and tax relief.
So workers will be getting around $13 a week for a tax break?
Where as folks having mortgage problems can "apply" (or whatever)
for some kind of bank mortgage relief?
And the bottom line? any relief or help will still be at the mercy of the greedy banks.
Don?t fool yourself. Banks will care NOT about your bottom line, only theirs.
So don?t count on much, if you are someone that falls within that ?mortgage crisis? problem area.

The tragedy here is with spending tax dollars on Fannie and Freddie, from the stim/housing package.
What Fannie and Freddie?s do is pay banks 80% on those home foreclosures.
That?s mortgage loan insurance, people.
Why should the banks risk ?working out? terms with the home owner, when the bank
could (and did):
#1 foreclose,
#2 get 80% on that failed loan from Freddie, and
#3 also got the home owners property back.

Now ?that? is a win win win situation for the banks.
Problem was, Fannie and Freddie went belly-up insuring all those failed loans.
And thus, our little saga begins (or began).

Here come your tax dollars to the rescue!!!
Right into Fannie & Freddie?s pocket.
And for what????
To pay those banks, again, their 80% on failed loans.
Win win win is back, Mr banker!
So do you REALLY believe that bank will have ANY desire to work with those ?foreclosure facing? home owners? Hehehe?..hehe
Just another train wreck in the making, funded this time by YOU, the tax payer.

I am now convinced that little if any of this stim package will really help much,
neither will the housing bailout/assistance program, with helping those that need it.

The remedy is simple. But you will never hear it from a democrat in congress.
Simple in that they could easily kill two birds with one stone, as it goes.
How? Simply give everyone a substantial tax relief benefit NOW, and for, say,
the next 12 - 18 months.
If every ?paycheck earning? workers tax holdings was cut by 50%, or better yet 75% for the next 18 months, then everyone could afford to get back on their feet. Folks behind in mortgage payments could afford to catch them up, and everyone else could afford to spend those dollars in truly "stimulating" sales and i.e. the economy.

If working people were given a substantial tax break, then this mortgage
crisis would pretty much cure itself.
That is? those that played by the rules but experienced bumps in the old personal financial road, they would have the money in their pockets to remedy their problem.
And for those that bought beyond their ability to pay in the first place, let them fail.
Government assistance programs will never cure a bad mortgage.
And?
Government assistance programs will never cure a good mortgage.

After all... what ?paycheck earning? folks simply need is "real" tax relief.
Other folks behind in home mortgages, without a job, will never in reality
save their home just by getting some gov assistance.
What they really need is work, plus tax relief on top of that.

But I now realize, and its clear, we will never see a change in that democratic ideology of government knowing best when it comes to spending your tax dollars.

Yes! For the most part we are thrilled a black man has been elected president.
History making, and YOU were there.
But beyond that, not much is going to change.
So, as a liberal democrat, I know most folks will all but have forgotten the GW Bush years, after the next two years has passed. The voters have very short memories. The republicans should have a strong clear shot at regaining power.
That is, if they can put a hold on their right wing nut cases (i.e. Sarah) , airport bathroom visitations, and the Bush-era corruption.

I will wager Newt Gingrich to play a major part in the next election.
And if republicans play their cards right, and smart, they should
have no problems regaining much of the losses during the Bush years.
And I for one, a liberal democrat, will be paying close attention.
Because sadly, it looks like democrats still have not learned their history lesson.
And that is why I vent. Because I?m not a happy tax paying camper, riding on the train wreck express. Especially when the solution is so simple a child could have figured it out.
I thought this new group I elected would know better. Guess not?

Yeaaaah! The solution is letting peoples bank accounts disappear and leaving a bunch of people bankrupt while letting people start saving their own money in banks they dont trust on their own! Yeaaaaaaaaah gubnent sucks, how could they not solve something so simple

 

[Moonbeam]

Democrats voted for change but at a time when, after 8 years of total catastrophe, the country is near death. About the only change possible right now is trying to save the patient. New clothes will have to wait till we no longer are in need of a bed pan.

The Republicans destroyed this country and now are pointing fingers at Democrats because they see no progressive change. Putting the breaks on dying is change. This country has had eight years of fatal decease. We may not make it.

There are consequences for voting for a disaster and one of them is termination.

 

[Jaskalas]

Originally posted by: sportage
I thought this new group I elected would know better. Guess not?

As voters, we should treat all parties with a sizable share in our government as the incumbent party and boot them all out to the curb. Only then will they be held accountable instead of being free to run amok with our tax dollars.

 

[extra]

Originally posted by: soccerballtux
The republicans think they can spend my money better too. They're both irritating me at the moment-- there is no conservative to vote for.

Bingo... How about some sort of common sense party. Not all government spending is bad but they've both been all over the place. I'd cut all kinds of shit, but I would try to bring in some sort of socialized medicine....

 

[Red Dawn]

The economic disaster that's the Bush legacy enabled Obama to win convincingly but it also will be his greatest headache. Unlike the Iraq War which tried our patience after a time this situation with the economy is upon us now and we have very little patience. It's such a mess that there's not going to be any easy fix. No Stimulus Bill authored by either Republicans or Democrats is going to magically solve this problem, we are going to have to deal with the pain and I don't think any of us are really prepared to do that.

 

[Schadenfroh]

Originally posted by: soccerballtux
The republicans think they can spend my money better too. They're both irritating me at the moment-- there is no conservative to vote for.

Agreed, thanks to the neocons that hijacked the Republican party. Fiscal conservationism is dead for the moment at the federal level.

 

[retrospooty]

Ya, I am not thrilled with the dems lately either... Even less thrilled with the reps. All a buncha crooks.

 

[microbial]

Liberal democrats may be reaching disillusionment, but independent liberals (no affiliation--just a strong affinity with humanism)) have been disillusioned since time immemorial.

The democratic party has very little to offer a true liberal. The republican party is worse.

Welcome to my world.

http://lmgtfy.com/?q=humanism

 

[BoberFett]

Originally posted by: Red Dawn
The economic disaster that's the Bush legacy enabled Obama to win convincingly but it also will be his greatest headache. Unlike the Iraq War which tried our patience after a time this situation with the economy is upon us now and we have very little patience. It's such a mess that there's not going to be any easy fix. No Stimulus Bill authored by either Republicans or Democrats is going to magically solve this problem, we are going to have to deal with the pain and I don't think any of us are really prepared to do that.

Yeah, it's all Bush. People weren't spending like greedy pigs until Bush got into office. :roll:

 

[Red Dawn]

Originally posted by: BoberFett

Originally posted by: Red Dawn
The economic disaster that's the Bush legacy enabled Obama to win convincingly but it also will be his greatest headache. Unlike the Iraq War which tried our patience after a time this situation with the economy is upon us now and we have very little patience. It's such a mess that there's not going to be any easy fix. No Stimulus Bill authored by either Republicans or Democrats is going to magically solve this problem, we are going to have to deal with the pain and I don't think any of us are really prepared to do that.

Yeah, it's all Bush. People weren't spending like greedy pigs until Bush got into office. :roll:

Read my post further down where I stated that it's both parties and the American Publics fault.

 

[cwjerome]

The American people will do anything to avoid pain, even if it means pretending we can get through something when all we are doing is making the problem worse. The politicians help enable this attitude.

Someone has to grow some balls and tell it like it is: Things aren't always fantastic and we all have to weather the minor storm periodically... or else we delay much worse situations.

Seems like in the old days people had a sense that things wouldn't always be rip-roaring great and usually had some back up/contingency plan to help through the harder times. Just knowing that there will be ups and downs is a good start. I doubt very few have this mentality today. Both parties promise utopia because people don't want to hear the cold hard truth and common sense.

 

[Andrew1990]

Obama's Change reminds me of the change that another great political figure brought the world during the early 1930s....

Anyways, we should have just let all the banks go under and what not. Right now we are just stretching the suffering out. I would rather have 5-10 years of a depression than a 10 year recession and a 5 year depression after that.

 

[Red Dawn]

Originally posted by: Andrew1990
Obama's Change reminds me of the change that another great political figure brought the world during the early 1930s....

Please elaborate...if you're capable.

 

[Ronstang]

This just happened to a friend of mine. He is a complete dumbass who I will not defend because he should not have bought the house in the first place. The house was a complete mess structurally and he bought it at the peak of the market. We found upon further inspection once he owned it (I told him NOT to buy it because I could see many hidden problems) we concluded the whole house needed to be redone....I mean stripped of drywall, wiring, plumbing....the whole works. We had to replace so many walls due to poor construction. This house is a shell. It only looks like a house from the outside. You can see the bottom of the roof standing on the bare concrete of the home. The back wall is not even completely sided again so it is open to the elements but hidden by a huge screened in back porch.

The porch collapsed during a storm to the tune of about $35K the insurance company would not cover. During the hurricane the power was out so long the pool turned green and is now a pond. The huge driveway is so cracked and uneven it needs to be replaced, but he knew this when he bought the place and planned on doing it down the road. Basically this property is total loss to anyone but him. It needs to be torn down, bulldozed, and the lot then needs a whole new house built on the site for it to be a usable property.

He got laid off at the end of last year and due to supporting a wife in a different house who refuses to work he could no longer keep up with the $3000 a month mortgage. The bank WOULD not even talk to him. He had a 15 year loan when he should have had a 30 year. If the bank would have simply redid the terms of his loan to 30 years he could have continued to make the payments. They would not even talk to him, nor did they inspect the property which is now basically worthless.

We found out why. Freddie Mac is guaranteeing the loan and reimbursing the bank. So not only do they get to keep the $27K down payment and 2 years worth of mortgage payments to the tune of $3000 a month they get reimbursed from the government. They actually come out AHEAD like he had paid about $60K more for the house than he did. No wonder they wouldn't help him stay in the house. Now the government is going to be stuck with a piece of property that is worthless and he bank makes more money than it would have under normal conditions.

The government is going to take the hit on this, which means you and I are paying for it. My friend was willing to continue making mortgage payments on this dump because he wants the place, and he is the only one that will. A contractor came out to look at the place because he was considering buying it at auction but said there is no point as it needs to be completely razed and the cost is more than the property as an empty lot would be worth.

 

[Andrew1990]

Originally posted by: Red Dawn

Originally posted by: Andrew1990
Obama's Change reminds me of the change that another great political figure brought the world during the early 1930s....

Please elaborate...if you're capable.

Well FDR did a lot of infrastructure work as Obama put in the stimulus.

 

[Red Dawn]

Originally posted by: Andrew1990

Originally posted by: Red Dawn

Originally posted by: Andrew1990
Obama's Change reminds me of the change that another great political figure brought the world during the early 1930s....

Please elaborate...if you're capable.

Well FDR did a lot of infrastructure work as Obama put in the stimulus.

And how did that change the world?