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Hillary for President!

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January 28, 2008 – Comments (14)

Ugh, not with ridiculous, nonsensical garbage like this:

Hillary Clinton Statement on the Fall in Home Sales

 

 

“Tonight President Bush will claim that the state of our union is strong. But as the latest housing data shows, the true state of the union is one of economic anxiety.

 

“The latest housing data shows that 2007 marked the first time in recent history where America has experienced a sustained annual drop in median existing home prices. In fact, according to some economists, America hasn't experienced a sustained annual decline in housing prices of this magnitude since the Great Depression.

 

“This dramatic decline in home sales is sending ripples across the economy. Construction-related employment is weakening and families' finances are increasingly strained. In order for us to truly jumpstart our Economy, we must address the housing crisis.

 

“Simply put, in order to bring our nation's financial house in order, we need to begin with housing itself. That is why my economic stimulus plan calls for $30 billion in assistance to states and communities to help them fight foreclosures.  I have also called for a 90-day moratorium on subprime foreclosures and a five-year freeze in rates on subprime adjustable mortgages.”

14 Comments – Post Your Own

#1) On January 28, 2008 at 5:37 PM, 231545 (< 20) wrote:

You aren't kidding. 

How many people would just elect to not pay their mortgages for 90 days, knowing that they cannot be foreclosed on?

 What other legal contracts would she like to abrogate, aside from adjustable-rate mortgages?

 What's scary is that she is already a Senator!

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#2) On January 28, 2008 at 5:41 PM, ElViking (99.17) wrote:

Man, if only she'd stopped after the second paragraph.

No one wants to say "we've been partying for the past 5 years, and it's time for the hangover. No, drinking more will not help." 

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#3) On January 28, 2008 at 5:42 PM, TMFHelical (98.75) wrote:

Wow,

But I am curious.  It there anything you can't say after the line - 'According to some economists...' ?

Zz

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#4) On January 28, 2008 at 5:51 PM, floridabuilder2 (99.24) wrote:

you want to see the credit markets freeze up bent.... even more than they are... have the govt step into a business contract and freeze rates and stop foreclosures.....  do you think people that loan money for mortgages are going to price in govt intervention into new loans?  like 20% down since the govt can freeze rates anytime or increase fico scores, or eliminate any alt-a whatever is even left that is....

man I hate her

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#5) On January 28, 2008 at 5:52 PM, EScroogeJr (< 20) wrote:

Nothing unexpected here. Housing bears are getting about as much help from politicians as Roman slaves from Marcus Crassus. Read my earlier posts, LOL.

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#6) On January 28, 2008 at 6:03 PM, TMFBent (99.82) wrote:

What's missing here is a more sensible solution: Simply make it illegal for home prices to drop. If your home goes down in price, put the dang thing in jail. No trial. No excuses. Maybe waterboard it a little bit, get it to admit why it's dropping in price, and rat out the next one thinking of doing the same thing. That would ensure that hardworking Americans would be protected by this most dangerous threat.

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#7) On January 28, 2008 at 6:09 PM, bubuzim (95.62) wrote:

OK, so Barack Obama hasn't said these words, but is he really any better?  I'm inclined to vote for him, but only because the other candidates don't seem any better.  I don't know how he got his anti-war stance (lack of trust in Bush or just a peacemonger).  I don't know how he plans to revive the economy.  From what I'm reading in the news, he's riding on a wave of hope, speaking a politics of thin air.  But it looks like he's already having an effect on the markets (along with Bush's speech & Wed's meeting). December housing data comes out below forecast and the market goes up 1.75%?!

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#8) On January 28, 2008 at 6:20 PM, abitare (39.81) wrote:

All these stupid lawyers "running" the country need to shut up and leave the market alone.

All this is of course great for Ron Paul, who would take the Bill's wife, Hussein, Willard and the warmongering "Christians" to the woodshed.

Here is McCain and Miss Teen SC on Economics:

 

 

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#9) On January 28, 2008 at 6:36 PM, EScroogeJr (< 20) wrote:

"What's missing here is a more sensible solution: Simply make it illegal for home prices to drop"

Bent, I am sure your solution will eventually be adopted by politicians. We'll be laughing on the wrong side of our faces.

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#10) On January 28, 2008 at 6:40 PM, LurkyLurky (99.80) wrote:

Ms. Clinton seems no worse than Mr. Obama in this regard, though he offers fewer numbers. This from his website:

Create Fund to Help Homeowners Avoid Foreclosures:

In addition to taking important steps to prevent mortgage fraud from occurring in the future, Barack Obama will establish policies to help Americans currently facing foreclosure through no fault of their own. For instance, in communities where there are many foreclosures property values of innocent homeowners are often also negatively impacted, driving them toward foreclosure, too.

Obama will create a fund to help people refinance their mortgages and provide comprehensive supports to innocent homeowners. The fund will also assist individuals who purchased homes that are simply too expensive for their income levels by helping to sell their homes. The fund will help offset costs of selling a home, including helping low-income borrowers get additional time and support to pay back any losses from the sale of their home and waiving certain federal, state and local income taxes that result from an individual selling their home to avoid foreclosure. These steps will ensure that individuals who have to sell their homes will be able to quickly regain stable financial footing. The fund will be partially paid for by Obama's increased penalties on lenders who acted irresponsibly and committed fraud.

 

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#11) On January 28, 2008 at 6:51 PM, abitare (39.81) wrote:

Ron Paul is the only one to take seriously:

The four areas that the plan covers are:

Tax Reform - Reduce the tax burden and eliminate taxes that punish investment and savings, including job-killing corporate taxes.Spending Reform - Eliminate wasteful spending. Reduce overseas commitments.  Freeze all non-defense, non-entitlement spending at current levels.Monetary Policy Reform - Expand openness with the Federal Reserve and require the Fed to televise its meetings.  Return value to our money.Regulatory Reform - Repeal Sarbanes/Oxley regulations that push companies to seek capital outside of US markets.  Stop restricting community banks from fostering local economic growth.

Congressman Paul has written or co-sponsored numerous bills to enact the policies in his plan.  In Congress, he has been a champion of lower taxes and limited government. 

Congressman Paul is the ranking member on the House Financial Services Committee's Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.  In Congress, Dr. Paul has never voted for a tax increase or for an unbalanced budget.

 

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#12) On January 28, 2008 at 7:13 PM, joeykid13 wrote:

Gee, I wonder if the Government can help undo all of the bad decisions I have made in my life...  Hmmm, maybe like those times when I overpaid for a new vehicle, or spent more at Best Buy for my new LCD when I could have gotten it at Circuit City cheaper. How about that stock I bought in those fraudulent revolving bankruptcy airlines, seems to me they continue to operate fine after screwing their shareholders and creditors...maybe the government can arrange a refund.  It is TIME to pay the piper people...a whole lot of very greedy and stupid people screwed up...too bad...so sad.  Then again, our Government has acted EXACTLY the same way...spending money they neither have or can afford.  I wonder if the Chinese government will lend us money so we can continue to pay social security, when it goes bankrupt?  I am OUTRAGED that the broke government is sending out checks...it is completely Un-American, and in my estimation a piss poor investment. 1% of GDP does....drumroll please...NOTHING.  Where is the OUTRAGE?  There was a time in our society when people were suffering communities got together to help people out...churches, charities, private citizens.  Looking to the Government in this private matter, in housing, and the markets, sets a precedent that will lead to our utter destruction.  Why is everyone sitting on their hands and letting the Social-Democrats get away with this nonsense.  Time for torches and pitchforks.

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#13) On January 28, 2008 at 7:58 PM, TMFBent (99.82) wrote:

Jeez that McCain response was ugly. I didn't know he was that clueless. Please please let NYC Mikey B get into this thing... There's no one left to vote for...

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#14) On January 29, 2008 at 7:17 AM, bubuzim (95.62) wrote:

OK, so Barack Obama hasn't said these words, but is he really any better?  I'm inclined to vote for him, but only because the other candidates don't seem any better.  I don't know how he got his anti-war stance (lack of trust in Bush or just a peacemonger).  I don't know how he plans to revive the economy.  From what I'm reading in the news, he's riding on a wave of hope, speaking a politics of thin air.  But it looks like he's already having an effect on the markets (along with Bush's speech & Wed's meeting). December housing data comes out below forecast and the market goes up 1.75%?!

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