Political discussions

stdreb27

stdreb27

Active Member
Originally Posted by Darthtang AW
http:///forum/post/2994682
Having nothing getting done sounds pretty good to me...really, do we need more laws? More regulations?
LOL, you have a point. But would we have wanted nothing to be done after 9/11?
 
veni vidi vici

veni vidi vici

Active Member
Originally Posted by stdreb27
http:///forum/post/2994642
If we didn't have a two party system. Would anything get done. Seriously consider the multiple party system of other countries. They have major issues...
Think about it this way. Say you're running a meeting. And you have 4 people, that isn't bad. What happens when you have 40?
"In every free and deliberating society, there must, from the nature of man, be opposite parties, and violent dissensions and discords; and one of these, for the most part, must prevail over the other for a longer or shorter time." - Thomas Jefferson to John Taylor, 1798.
I think we might just be better off if a man/woman ran on their beliefs and not on on the beliefs of one ideology or another.Look where it has gotten us.We have gotten so wrapped up in Ideaolgys that not matter how good a idea is the other side will attack and try and destroy it to no end.Partisan Politics at its finest.
 
sickboy

sickboy

Active Member
Originally Posted by Darthtang AW
http:///forum/post/2994682
Having nothing getting done sounds pretty good to me...really, do we need more laws? More regulations?
I would say that AIG is a good example of why we need more effective regulations.
 
darthtang aw

darthtang aw

Active Member
AIG might not be in the mess they are in if congress didn't create laws forcing lenders to give loans to people who obviously can't afford them just because each bank must meet a certain criteria.
 
veni vidi vici

veni vidi vici

Active Member

Originally Posted by sickboy
http:///forum/post/2998116
I would say that AIG is a good example of why we need more effective regulations.
I think we need to start regulating our government ,after all they are the ones who started this.This run a way train has been coming down the track for awhile.“Fannie & Freddie” are just fine.”
 
oscardeuce

oscardeuce

Active Member

Originally Posted by Veni Vidi Vici
http:///forum/post/2998243
I think we need to start regulating our government ,after all they are the ones who started this.This run a way train has been coming down the track for awhile.“Fannie & Freddie” are just fine.”
Are they taxing Franklin Raines' $90 million at 90% too?
 
stdreb27

stdreb27

Active Member
Originally Posted by sickboy
http:///forum/post/2998114
This has nothing to do with above discussion, I just found it to be interesting. In 1988 people actually seemed to care about the deficit:
http://www.nytimes.com/1988/12/02/us...democrats.html
This about what was happening during this time. Dems were attacking Reagan at every turn. Reagan spent a whole lot of money on the military. Kind of like them complaining about a now minisule 300 billion dollar deficit while bush was in office. While signing off on Obama and his 2 trillion dollar deficit budget.
 
rslinger

rslinger

Member
Does anybody else think that maybe this thing is starting to turn around. House prices are going up a little. New permits to build houses are up. Consumer confidence is coming up. I do believe that banks are lending a little more, at least in my area. stock market been doing a little turn around to. Dow back over 8,000 by Friday I bet on it.
 
sickboy

sickboy

Active Member

Originally Posted by stdreb27
http:///forum/post/2998296
This about what was happening during this time. Dems were attacking Reagan at every turn. Reagan spent a whole lot of money on the military. Kind of like them complaining about a now minisule 300 billion dollar deficit while bush was in office. While signing off on Obama and his 2 trillion dollar deficit budget.
I really just found the way it was written interesting. I found it while researching budget deficits and, unlike today, they were like "well now we can't do these programs b/c of the deficit, there is no money." I found that attitude interesting, of course the last 20 years we found out that deficits don't matter as the only one that went positive was Clinton.
 
sickboy

sickboy

Active Member
Originally Posted by Darthtang AW
http:///forum/post/2998195
AIG might not be in the mess they are in if congress didn't create laws forcing lenders to give loans to people who obviously can't afford them just because each bank must meet a certain criteria.

AIG isn't a bank....they got in trouble by trading derivatives, something that should have been regulated IMO.
 
sickboy

sickboy

Active Member
Originally Posted by Rslinger
http:///forum/post/2998352
Does anybody else think that maybe this thing is starting to turn around. House prices are going up a little. New permits to build houses are up. Consumer confidence is coming up. I do believe that banks are lending a little more, at least in my area. stock market been doing a little turn around to. Dow back over 8,000 by Friday I bet on it.
I agree, I was just telling my Bro-in-law (a sky is falling, Obama is going to hold our country down kind of guy) that we are about to bottom out.
Good reports came out today. Housing is doing way better, and big item purchases were drastically up in Feb.
 
veni vidi vici

veni vidi vici

Active Member
Originally Posted by Rslinger
http:///forum/post/2998352
Does anybody else think that maybe this thing is starting to turn around. House prices are going up a little. New permits to build houses are up. Consumer confidence is coming up. I do believe that banks are lending a little more, at least in my area. stock market been doing a little turn around to. Dow back over 8,000 by Friday I bet on it.
I have been told by the talking heads there has been a blip on the screen we shall see if its false positive or good news.I hope its good news but doubt it. We just keep digging and eventually the Chinese are going to pop out of the hole.
 
darthtang aw

darthtang aw

Active Member
Originally Posted by sickboy
http:///forum/post/2998752
I agree, I was just telling my Bro-in-law (a sky is falling, Obama is going to hold our country down kind of guy) that we are about to bottom out.
Good reports came out today. Housing is doing way better, and big item purchases were drastically up in Feb.

The housing report is misleading, most of those sales are short sales (meaning the owner lost his butt) or foreclosure sales (meaning the

[hr]
company lost their butt).
 
darthtang aw

darthtang aw

Active Member
Originally Posted by sickboy
http:///forum/post/2998750
AIG isn't a bank....they got in trouble by trading derivatives, something that should have been regulated IMO.
The majority of those derivatives were from housing.....hence going back to the root of the problem,
 
veni vidi vici

veni vidi vici

Active Member
Originally Posted by sickboy
http:///forum/post/2998870
"Data Wednesday showed new-home sales climbed for the first time in seven months in February"
http://online.wsj.com/article/SB123797853885236803.html
Im a Residential Carpenter and i can tell you i havent seen not one hole go into the ground since last spring,My friends in the other building trades say the same.Not only that but Commercial Buildings have come to almost a complete stop as well.
 
sickboy

sickboy

Active Member
Not every part of the country is slow though, I can go about 10 blocks away to see new houses going up. Of course those were probably financed before the housing market went down.
but new home sales does not reflect new houses being built, it is sales of the surplus of new homes already built.
 
veni vidi vici

veni vidi vici

Active Member
Originally Posted by sickboy
http:///forum/post/2998918
Not every part of the country is slow though, I can go about 10 blocks away to see new houses going up. Of course those were probably financed before the housing market went down.
but new home sales does not reflect new houses being built, it is sales of the surplus of new homes already built.
I dont know about the rest of the country ,i do know that North Central Illinois and NorthWest Indiana where in the top 10 of new home growth before the housing bubble burst.
Chicago Regional Council of Carpenters covers roughly a 300 mile radius including Wisconsin ,Indiana and Illinois.When i called the main office to see how things where progressing they told me "Its Dead"
 
sickboy

sickboy

Active Member
I'm not doubting that it is dead there, I'm just saying not everywhere is the same. You gave the reason why it is dead now:
Originally Posted by Veni Vidi Vici
http:///forum/post/2998946
i do know that North Central Illinois and NorthWest Indiana where in the top 10 of new home growth before the housing bubble burst.
If it was part of the bubble and not normal growth then of course its going to be dead for a while. The bubble built homes are probably still on the market and selling at a discount, right? Until the supply is reduced it will probably continue to be dead, which is why the report today saying that inventories were back down to 2002 levels gave people hope that it is almost over.
 
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