President Obama 2012 State of The union Address

[Blackjack200]

http://www.nytimes.com/2012/01/25/u...uld-broaden-government-backed-loans.html?_r=1

From the article (my emphasis):

The new program will be directed at people whose mortgage debts exceed the value of their homes, according to a senior administration official who spoke on the condition of anonymity because the details have not yet been finalized. The official estimated that the program could benefit two million to three million homeowners who have loans that are not guaranteed by the government, and that the program’s cost would not exceed $10 billion.

The proposal is the latest in a long series of largely unsuccessful efforts by the administration to bolster the housing market. Like most of its predecessors, the plan is focused not on borrowers facing foreclosure but on those who have been able to keep making the payments on their homes. Reducing housing payments for those borrowers will allow them to spend more money on other things. It also could help to stabilize housing prices by encouraging them to stay in their homes.

My home is worth far less than what I owe on it. Not becuase I got a balloon loan, or a crazy ARM or anything like that, simply because its value fell almost 50% in the space of a couple of years. I've never even been late with a payment in almost 4 years of ownership, and I've paid down about $10,000 in principal in that time and spent about that much on capital improvements.

If you think it's frustrating to not be able to afford a house, you might imagine that it's also frustrating to see the market move against you immediately after you buy, trapping you in the house. Frustrating to see rates go down and be unable to refinance, frustrating to lose your job or have other changes in your circumstances and then have people point fingers at you and call you irresponsible.

 

[Craig234]

same speech as the past 3 years.

the rich are not being taxed enough this is why we are in this mess
more government
more spending
"to be fair." (god im sick of hearing that, we are not in kindergarten)
more excuses and blame

our country is broke period, we can not tax our way out of debt especially when we are 15 TRILLION and continue to spend more than we take in.

What a great post for showing the errors common on the right.

First, there's a lot of whining about the message being repeated. Then, there's an opinion showing he doesn't get it and he needs the answer repeated.

Our country is not broke. It seems broke to 99% because 1% have taken all the economy's growth as it's more than doubled. We have plenty of money - hoarded.

Raising taxes on the rich is critical to getting out of this debt. You argue 'it's not enough' and imply that means don't do it. Wrong answer.

You need to hear the things you whine about: the current situation is not 'fair'. The rich need to be taxed more.

You can complain about that - and you are wrong. You're like a meth addict who says they're sick of hearing about rehab. Too bad, you need rehab.

You throw around words, 'excuse' and 'blame', and are clueless about the economy. You have no answers and only whine about the people who do.

You don't know what got us into this situation and all you can do is parrot the people who got us in it demanding we make it worse.

The alternative to raising taxes on the rich is to greatly further decrease the wealth of the rest of the country. You choose that option.

 

[palehorse]

Alright, so I got a dated article. Pardon me for assuming that my info was better than a ZOMG OBAMA IS EBIL SOCIALIST HE GONNA KILL AMURCA AND RAPE MY BABY fanboy. I'm confident I still look less idiotic than that, by virtue of linking to the wikipedia article on "Socialism:" http://en.wikipedia.org/wiki/Socialism

Too proud to admit that both you and Obama were wrong about Fiat, eh?

 

[hans030390]

You mean the guy who came into office in Indiana and cleaned up the years and years of Democrat stupidity and has Indiana in great shape?

You mean the guy who wrote the response to the SOTU that showed he is quite obviously completely out of touch with reality like almost every other Republican? His response was a total joke (and clearly written before the SOTU was given). I kept hearing about how good Mitch Daniels was, but looking further into him hasn't left me impressed. He doesn't seem AS bad as many other Republicans, but that's not saying much.

As an Indiana resident, I don't think Indiana is in "great shape". It's pretty average, really.

 

[IndyColtsFan]

As an Indiana resident, I don't think Indiana is in "great shape". It's pretty average, really.

No, it is in great shape. Check the surrounding states.

 

[spidey07]

No, it is in great shape. Check the surrounding states.

Hey! It's only because you're stealing all that gambling money from your neighbors.

 

[JEDIYoda]

What polls are you looking at?

interenet polls don`t count....

 

[irishScott]

Too proud to admit that both you and Obama were wrong about Fiat, eh?

I just admitted that I was wrong about Fiat. But I don't think it's much of a stretch to say I have more overall integrity and factual accuracy than michael1980.

 

[cybrsage]

I just admitted that I was wrong...

Isn't that a bannable offense here?

 

[palehorse]

I just admitted that I was wrong about Fiat. But I don't think it's much of a stretch to say I have more overall integrity and factual accuracy than michael1980.

Too bad you couldn't do so without loading up your "admission" with insults and hyperbole.

Edit: in fact, you only "admitted" to using a dated source...

 

[FerrelGeek]

As an Indiana resident, I don't think Indiana is in "great shape". It's pretty average, really.

No, it is in great shape. Check the surrounding states.

I lived in Ohio under the useless Bob Taft and the failure that was Ted Strickland. Moved to Indiana and lived there for 2 years under Daniels. Now I'm back in Ohio and watching John Kasich trying to clean up the mess that was handed to him. I'll take Daniels's Indiana ANY day.

 

[ultimatebob]

Compare Obama's "I, me, look what I did" campaign speech with President Bush in 2004, also an election year. 2004 sounds like a leader.

In the last 3 years, adversity has also revealed the fundamental strengths of the American economy. We have come through recession and terrorist attack and corporate scandals and the uncertainties of war. And because you acted to stimulate our economy with tax relief, this economy is strong and growing stronger.

You have doubled the child tax credit from 500 to $1,000, reduced the marriage penalty, begun to phase out the death tax, reduced taxes on capital gains and stock dividends, cut taxes on small businesses, and you have lowered taxes for every American who pays income taxes.

So, basically, he cut taxes (especially for the wealthy) without cutting spending, and made the US deficit even worse. Wow... there is a true role model for future presidents. Move over, George Washington!