Obama Signs $787 Billion Stimulus Package - Page 3

Aquila · #21 02-18-2009, 03:57 PM

Quote:

Originally Posted by SOUNWORTHY

Sounds fair to me. There are those like Aquilla who has fallen on bad times because of circumstances but too many are there because of greed. If we help them they will just over indulge again. Too many people are professional takers expecting more and more from the government which is you and I. Taxes are going up here in Ca. to absorb any stimulas benefits.

I think with issues like this we need to see it in context. With Ferd it was his family that lost the farm. With this housing crisis it's over what, 4 million (?) American families about to be homeless? The ripple effect through the economy could be REALLY bad. Banks would take MAJOR losses (more bank failures) and God knows what else.

This isn't just one family loosing a farm. This is the bottom falling out of an entire sector of the American economy.

Ferd · #22 02-18-2009, 04:05 PM

Quote:

Originally Posted by Aquila

I think with issues like this we need to see it in context. With Ferd it was his family that lost the farm. With this housing crisis it's over what, 4 million (?) American families about to be homeless? The ripple effect through the economy could be REALLY bad. Banks would take MAJOR losses (more bank failures) and God knows what else.

This isn't just one family loosing a farm. This is the bottom falling out of an entire sector of the American economy.

Revisit 1984 bro. millions of American Farmers lost everything at that time. millions of us.

Ferd · #23 02-18-2009, 04:07 PM

Quote:

Originally Posted by Aquila

Odds are I wouldn't qualify for help because I don't have an ARM. I just hope this slows things down enough for us to make a decent deal we can afford.

You know...if all this "socialism" is as bad as you say it is...you have to admit...the Bush Administration was the greatest blessing the socialists could have gotten. They can only take power like this if things are mismanaged this badly.

the last 4 months of GWB have been very very very dissapointing.

not socialism but facism. the old Nixonian axiom holds true. in a panic we are all keynsians.

StillStanding · #24 02-18-2009, 04:10 PM

Quote:

Originally Posted by SOUNWORTHY

Sounds fair to me. There are those like Aquilla who has fallen on bad times because of circumstances but too many are there because of greed. If we help them they will just over indulge again. Too many people are professional takers expecting more and more from the government which is you and I. Taxes are going up here in Ca. to absorb any stimulas benefits.

Obama's new policy is nothing but a "band aid" to stop the bleeding.

If the greedy are indeed bailed out, this will only encourage them to take bigger chances and overspend in the future, because they know that big brother is there to help when things don't pan out!

There are those that are true victims of predatory lenders who convinced them they could have more than they ever dreamed. They are now waking up from the dream...or should I say nightmare?

Others were in good financial shape, but have since lost their jobs. This is a sad result that happens in all kinds of economic conditions. In the past, folks have accepted reality and moved on. Now, folks feel that they are entitled!

I'm not against the government stepping in to prop up the housing industry, but let them be fair a give everybody equal relief!

I won't complain if my mortgage balance is lowered by $50,000 and a special refinance rate of 3% is offered! I promise I'll spend the extra money to help the economy!

Sam · #25 02-18-2009, 04:22 PM

Quote:

Originally Posted by Mr. Steinway

...
I won't complain if my mortgage balance is lowered by $50,000 and a special refinance rate of 3% is offered! I promise I'll spend the extra money to help the economy!

What about those of us who have worked and over time have paid off our houses? Now we are penalized by having to pay off someone else's house?

StillStanding · #26 02-18-2009, 04:28 PM

Quote:

Originally Posted by Sam

What about those of us who have worked and over time have paid off our houses? Now we are penalized by having to pay off someone else's house?

IMO, you should get a check from Uncle Sam for a percentage of your property value. We'll call it another stimulus check!

pelathais · #27 02-18-2009, 08:00 PM

Quote:

Originally Posted by Ferd

First of all, this isnt a stimulus package. its the biggest pork barrell in the history of America.

there is very little real stimulus in it.

second of all, Obama isnt a socalist. I have come to realize he is really a facisit.

by the way the stock market is down 700 points since this "stimulus" plan passed.

We just had to pass this thing FAST!!! to save the country. We had to pass it so fast that no Congressman even had a chance to to read what they were voting on!

Then the bill sat there for 3 days while the President palled around and spent Valentines' Day with Michelle in an expensive Chicago restaurant - on the taxpayer's dime.

There was no hurry to sign the bill. The only hurry was to get it past Congress before anybody had a chance to read it. What do the Obama supporters on AFF have to say about this?

tstew · #28 02-18-2009, 08:32 PM

Quote:

Originally Posted by Mr. Steinway

This seems to reward those that were spending money like drunk sailors and not setting reasonable budgets for future consequences of the sub-prime loans. In other words, those that were buying homes with wild abandonment are being bailed out by those who were conservative and stayed within their means.

Why can't those who were good money managers be rewarded also by having the government lower their mortgage balance and payments too?

Wouldn't that be the fair thing to do?

Mr. Steinway, I do absolutely agree that whatever better terms were created should be available to others as well. My point was that the extent of the assistance that I would support would be one that provided reasonable rates and mortgages for those who for whatever reason signed unreasonable ones. I'm not saying that they should have terms that are better than everyone else's, just more in keeping with the reasonable terms that many of us have. I am also not saying that I really want any of it to happen...just that that is the extent of what I would be willing to support. I don't think anybody should be having their principle paid with my money.

tstew · #29 02-18-2009, 08:34 PM

Quote:

Originally Posted by pelathais

We just had to pass this thing FAST!!! to save the country. We had to pass it so fast that no Congressman even had a chance to to read what they were voting on!

Then the bill sat there for 3 days while the President palled around and spent Valentines' Day with Michelle in an expensive Chicago restaurant - on the taxpayer's dime.

There was no hurry to sign the bill. The only hurry was to get it past Congress before anybody had a chance to read it. What do the Obama supporters on AFF have to say about this?

Pel, supporters of America should be saying that both parties have now done this and we demand some real answers from all sides.