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Old 03-10-2009, 07:45 PM   #1
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Old 03-10-2009, 08:14 PM   #2
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Do you really believe this was done in the last 6 weeks?
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Old 03-10-2009, 08:19 PM   #3
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I'm pretty sure the pic was done recently.
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Old 03-10-2009, 08:28 PM   #4
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Quote:
Originally Posted by ray_sir_6 View Post
I'm pretty sure the pic was done recently.
OK, Great reply
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Old 03-10-2009, 08:36 PM   #5
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I know right. Everything was going so well before Obama came in. We had this huge budget surplus...oh wait.
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Old 03-10-2009, 09:07 PM   #6
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Quote:
Originally Posted by Scuba_Steve View Post
OK, Great reply

he got you there!
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Old 03-10-2009, 09:11 PM   #7
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The economy is in the toilet.

Is the best answer to propping it back up giving billions of dollars to...

A. lending institutions who lent money to unqualified or borderline borrowers in the form of ARMs, 100% loan to value or more, 2nds and 3rd mortgages, etc.
B. people not smart enough to realize they can't afford a $500,000 home on a $40,000 a year income.
C. the people that thought 15% to 20% annual growth was sustainable in the housing market.
D. the manufacturers that expanded capacity during fat years with no plan for contraction if growth slowed.
E. Financial institutions selling mortgage backed securities as if they were infalible and good as gold.
F. People not following the rules and living up to their contracts.
G. Expanding government and it's control and influence.

Apparently the answer is H. All of the above.

The bailouts never should have happened. The worst offending companies should have failed. Gone. Out of business. Let the others rebuild from the ashes. It couldn't have had any worse result that what has happened in the last 4 months.

The money spent so far in the bailout got around a 60% value back. What private investors and other countries have put in recieved approx. 125% value back on avg. The US govt knows exactly squat about getting value when they spend our money.

It all sucks. Both sides of the aisle suck. The gov't wasn't looking out for us like they should have by being a watchdog over the financial institutions. It wasn't a Dem or Rep issue it was all govt.

All of this should have been easy to see coming. All of this could have been prevented. The same people who didn't see it coming and didn't prevent it sure as hell don't have a clue how to fix it. Damn them all.

We need a benevolent dictator.

End of pissy rant. Thank you for your time.
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Old 03-10-2009, 09:44 PM   #8
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Quote:
Originally Posted by cueball1 View Post
The economy is in the toilet.

Is the best answer to propping it back up giving billions of dollars to...

A. lending institutions who lent money to unqualified or borderline borrowers in the form of ARMs, 100% loan to value or more, 2nds and 3rd mortgages, etc.
B. people not smart enough to realize they can't afford a $500,000 home on a $40,000 a year income.
C. the people that thought 15% to 20% annual growth was sustainable in the housing market.
D. the manufacturers that expanded capacity during fat years with no plan for contraction if growth slowed.
E. Financial institutions selling mortgage backed securities as if they were infalible and good as gold.
F. People not following the rules and living up to their contracts.
G. Expanding government and it's control and influence.

Apparently the answer is H. All of the above.

The bailouts never should have happened. The worst offending companies should have failed. Gone. Out of business. Let the others rebuild from the ashes. It couldn't have had any worse result that what has happened in the last 4 months.

The money spent so far in the bailout got around a 60% value back. What private investors and other countries have put in recieved approx. 125% value back on avg. The US govt knows exactly squat about getting value when they spend our money.

It all sucks. Both sides of the aisle suck. The gov't wasn't looking out for us like they should have by being a watchdog over the financial institutions. It wasn't a Dem or Rep issue it was all govt.

All of this should have been easy to see coming. All of this could have been prevented. The same people who didn't see it coming and didn't prevent it sure as hell don't have a clue how to fix it. Damn them all.

We need a benevolent dictator.

End of pissy rant. Thank you for your time.
+1

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Old 03-10-2009, 09:48 PM   #9
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A friend made this pic, just for laughs.

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Old 03-10-2009, 09:55 PM   #10
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I can see Alaska from here!
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Old 03-10-2009, 09:58 PM   #11
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Quote:
Originally Posted by ray_sir_6 View Post
I'm pretty sure the pic was done recently.

Outstanding reply and a pic that I have already copied and pasted elswehere.
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Old 03-10-2009, 09:59 PM   #12
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Rush Limbaugh.
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Old 03-10-2009, 10:03 PM   #13
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If the answer is Limbaugh I hate to know what the question was.
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Old 03-10-2009, 10:16 PM   #14
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Quote:
Originally Posted by hustler View Post
I can see Alaska from here!
And Russia from my backyard
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Old 03-10-2009, 10:50 PM   #15
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We should continue bailing out AIG. The hedge fund end.
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Old 03-10-2009, 10:53 PM   #16
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another political thread...how ******* exciting
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Old 03-10-2009, 10:56 PM   #17
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I think it is so funny when people blame Obama for the Bailout Bush signed...and don't even know Bushed signed it.
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Old 03-10-2009, 11:03 PM   #18
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Quote:
Originally Posted by msydnor View Post
I think it is so funny when people blame Obama for the Bailout Bush signed...and don't even know Bushed signed it.
Yeah I mean really, wtf. And Obama has only been in office for like 6 weeks and people blame all this **** on him. This takes time to happen. People with there assumptions think they're always right. Thats what got this country in trouble in the first place. BTW yeah, politics on a car forum doesnt really sound fun, but oh well, im here anyways
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Old 03-10-2009, 11:24 PM   #19
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Blame Canada.
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Old 03-11-2009, 12:55 AM   #20
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Why did Obama get us involved in two foreign wars and ruin the economy? Why?
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