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Oct 13, 2008
Obama calls for 90-day foreclosure moratorium
Democrat Barack Obama, bidding to extend his lead in the polls, proposed Monday to put home foreclosures on hold and give tax breaks to businesses that create jobs, while Republican opponent John McCain issued veiled but stinging criticism of the Bush administration.
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“Stripes are slimming.” Joined: Jul 20, 2008 Comments: 198 Mililani, Hawaii ISP: Kalaheo, HI |
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1 As our government provides the banks a stay of execution with this bailout, so should the owners of the homes sold by those very banks. They owe these families a chance while we give the banks theirs. The government has a job to protect it's citizens, not just the CEO's and higher ups of big business. |
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1 For those of you who may be wondering what life in America will be like under President Obama, I recommend that you go down to your local library and check out John Steinbeck's novel 'The Grapes of Wrath' There will be change alright. We will all be changing tires on our cars a lot more as we travel around the country looking for work. |
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1 http://online.wsj.com/article/SB1223856516987... |
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Hey, didn't Hillary suggest this a while back??
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Oh goody, more of the Nanny State. Can they get free cable too??
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“Thank God I'm a country boy!” 
Joined: Aug 11, 2008 Comments: 289 Los Angeles California ISP: Los Angeles, CA |
Any other things you wont, just tell Obama.
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1 Sheeet, how bout sum free health care, son? Seems ta sum of us like your in need of one of them there shrinks. gawd dam seems like your in love with that there knee-grow, ya cant leave 'im be. Geezus chris'mas, let tha man live. |
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“Thank God I'm a country boy!”
Joined: Aug 11, 2008 Comments: 289 Los Angeles California ISP: Los Angeles, CA |
He he he --thanks. |
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2 When she did, Obama was against the idea. Politricksters! |
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1 http://www.hillaryclinton.com/news/release/vi... And Obama came out against it: In San Antonio on Tuesday, Obama said that Clinton’s foreclosure freeze was potentially “disastrous,” rewarding “people who made this problem worse” by benefiting banks that profit from high mortgage rates. A “blanket freeze,” Obama added, might “drive rates through the roof for those trying to buy or refinance. Experts say the value of homes will fall even more, and even more families could face foreclosure.” So as you can see Obama was against it before he was for it. |
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1 If you look at Obama's reasoning for criticizing the freeze in the past, you'll see it's because he was trying to avoid the kind of crisis we're going through now. Of course, with the shit having already hit the fan, we're now in a position to handle things differently. |
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1 A 3 month freeze on foreclosures only causes more losses to banks and puts everyone deeper in debt. The sad truth is that a goodly proportion of those who had "bad" mortgages or were unqualified to begin with have already lost their homes. This is like closing the barn door after the cow ran off. Think about economics people. If banks take losses or credit is tight they must raise their rates--and mtg rates will shoot up right AFTER the election. That will leave those people in a 3 month freeze in worse shape than they are now if they want to refinance. |
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1 People are just skipping your ridicules posts, it's over, get use to it. |
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1 Crap statement based on absolutely nothing but your opinion, so who's going to listen to you anyway? If McSame is elected the only change will be what's left after our paycheck and what the presidential aids main function will be, changing McSame's depends. |
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1 You idiots can keep spreading that lie, and you're crap can keep spreading Obama's lead in the polls. Thanks for your fine work for the Obama campaign, when you refer to him as President Obama, remember it was the smear campaign that turned the tide in his favor. Most of America isn't as stupid as you. |
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1 Yea, a Canadian against Obama, again, thanks for your support. |
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