Senate Republicans have the right idea

Discussion in 'Politics' started by Chris, Feb 3, 2009.

  1. Chris
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    Chris Gold Member

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    WASHINGTON (AP) — Senate Republicans circulated a sweeping plan to drive down the cost of mortgages by expanding the federal government's role in the industry, officials said Monday night as debate opened on an economic stimulus bill at the top of President Barack Obama's agenda.

    The emerging proposal also relies on a bigger and more widely available tax break for homebuyers than is now available, those officials added as Senate Republicans staked their claim to a different type of economic recovery measure than Democrats and the administration favor.

    The Associated Press: Republicans want mortgage relief, larger tax cuts
     
  2. rayboyusmc
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    rayboyusmc Senior Member

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    Funny how they only came up with this after Obama put his stimulus on the table.:doubt:
     
  3. Gunny
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    Gunny Gold Member

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    Funny how they already did it once BEFORE Obama was President. Isn't it?
     
  4. Gunny
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    Gunny Gold Member

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    Actually, they got it wrong, just like where you did posting the thread in this forum. They're sellouts and you're dumber than a brick.
     
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  5. editec
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    editec Mr. Forgot-it-All

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    Clearly the crashing real estate markets continue to depress the economy.

    If this would do something to revitalize that market and stabilize prices then it's probably a good idea.

    Of course the other thing we must do is put American back to work at projects which are good public works investments, (like Rosetta for example.. I could hire and start training 5 people tomorrow if I could afford it) AND find means to incentivize investors to invest in businesses IN AMERICA which will put AMERICANS back to work at a decent wage.

    Until the median price of an average home is roughly in relation to one-year's median salary, the housing crises will be with us.

    The real formula is that the monthly mortgage taxes and insurance payment for a homebuyer should be about one week's salary)

    Making it easier to buy an overpriced home (in relation to salaries, I mean) will NOT solve the problem becaue the buyers will still be strapped trying to buy that home.

    The root of the problem is not one of rising taxes, it's one stemming from declining incomes.

    And of course, the problem of declining incomes is mostly due to the insane trade policies we have allowed the develop over the last fifty years, so something must be done to stem the flow of imports and get AMERICANS working in factories making this stuff, too.

    This is not rocket science, regardless of what the so called experts keep telling us.
     
    Last edited: Feb 3, 2009
  6. Skull Pilot
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    Skull Pilot Platinum Member

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    Now folks, tell me what's wrong with people letting their houses be foreclosed on?

    These people are in possession of an asset (?) that is not worth the loan they hold for it. they cannot possibly refinance to get out of an ARM, they cannot afford the payments.

    WALK AWAY. Let the bank foreclose. Wipe the slate clean, rent a home or apartment you can afford. Save some money and rebuild your credit over the next several years. Take the lessons you've learned and start managing your finances better.
     
  7. sealybobo
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    sealybobo Diamond Member

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    They talked about mortgage relief before Obama was president. But talking and doing are two different things.

    They always talk about tax cuts. But they don't want to give tax breaks to the people who need them.

    And funny how the GOP had all these great ideas and 8 years later we are in the greatest depression YOU have ever seen, and you are OLD!!!:eusa_shhh:
     
  8. Andrew2382
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    Andrew2382 Gold Member

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    lol greatest depression


    yes, there are bread lines outside my house...you fucking dolt
     
  9. tigerbob
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    tigerbob Increasingly jaded.

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    Hmmm. When in the last 50 years has the economy been in worse shape?
     
  10. Red Dawn
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    Red Dawn Senior Member

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    Oh, the irony.....
     

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