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Carter thought lowering mortgage standards would get him more votes and a better economy. We are paying for that now, since all the Republicrats since then have wallowed in the 'more votes' until W got stuck with the check. Is history doomed to repeat itself?
Obama administration pushes banks to make home loans to people with weaker credit - The Washington Post
I guess some people never learn
And when the next bubbles bursts ;they will blame it on private sector again.
There is an easy way out of all of this. If the government wants to promote the housing market let them underwrite the loans
Are you guys going to be the ones who loan us enough yuan when this next crop defaults?Quote:
Originally Posted by paraclete
No we don't do this sort of stupid stimulus, if you want yuan then ask China to bail you out after all their industries will make the furnishings, appliances, etc the ANZUS Treaty doesn't cover financials
Doomed to repeat the mistakes of the past... and lie about again
And we can take a lesson from the Chinese about building Potemkin cities.Quote:
Originally Posted by paraclete
Photos Of Kangbashi, A Ghost City In China - Business Insider
I thought you had already learned a lesson from your own potemkin cities didn't you have 40,000 unsold houses? Have you gobbled them up already?
Hello wingers:Quote:
Doomed to repeat the mistakes of the past... and lie about again
Spoken like true conservatives, out of the RIGHT side of your mouths...Quote:
and when the next bubbles bursts ;they will blame it on private sector again
However, out of the LEFT side of your mouths, you line up for your government handout (mortgage deduction), like any welfare queen feeding at the public trough...
Excon
I'd be more than happy to give up the mortgage deduction for a lower rate flat tax.
But Tom you don't get your Druthers, if you were a true believer you wouldn't take these socialist handouts
Hello again, tom:
You could give it up NOW.. Why do you want to be on the dole? Come on. I'll help. You know that box on the 1040 where it asks how much interest you paid?? Leave it blank.. You'll feel a LOT better.Quote:
I'd be more than happy to give up the mortgage deduction for a lower rate flat tax.
While I'm at it, I'm going to preempt Steve.. He's going to tell me that it isn't a handout at all.. It's just him keeping more of his own money... I got it... But, why don't I get to keep more of MY money? What do you call that? A penalty for NOT owning a home?? That sucks..
Excon
Well exx I expect that is why BO wants the banks to make it possible that you can get a home loan, so you can get the deduction and keep more of your money while making the banks richerQuote:
Originally Posted by excon
No, Steve is going to remind you again that my house is paid for. But no it isn't a handout, it's a reduction in the amount I PAY.
Sorry guys ;your argument don't fly.. the market was skewed as a result of the deductions and tax breaks when I paid the market price for my home. Had there been no deduction then the price would not have been so high. I'm not on the dole ;it was in effect a price support to the seller ,because the seller would not have gotten the sale price if the mortgage deduction was not in effect.
You guys are full of it... Here in NY I already pay the HIGHEST property taxes in the nation ;as well as some of the highest income taxes . So don't give me that cr@p that I am on the dole .
That's liberal thinking for you, people who pay their taxes are "on the dole" while those who actually are "on the dole" have a right to our money.
Hello again, Steve:
I'm still waiting for you to tell me what you call my NOT being able to keep more of my money..
excon
Hire an accountant. You probably agree with Obama that illegal aliens should get food stamps and welfare don't you?Quote:
Originally Posted by excon
As an accountant I can tell you taxation is theftQuote:
Originally Posted by speechlesstx
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