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Last edited by Danny; 04-27-2012 at 11:19 AM.
Then there is this continued myth of Obama compromising... no such thing has ever happened... First for the two years the Democrats controlled Congress, they never wanted one and frankly didn't need one. Second, it is well documented that Obama walked away from ever chance of compromise ever made. Books have been written by left-wing authors, I've posted excerpts here... Obama got House Republacans to agree to tax increases and they he killed the deal... much to the surprise of even his own staff.
Danny if you really believe half the stuff you post... it's sad.
You are forgetting something. This meeting happened before Obama had even been POTUS for 24hrs. Nothing had been proposed. They decided to oppose him no matter what. Forget the country, forget the 800,000 jobs that were being lost per month, forget all your fellow Americans. Just effing beat Obama cause he's from the other party. That was their goal and none of those men are fit to hold public office.
(Almost) Everything You Know About Obama Is False
Obama had the deal and fucked it up... as detailed in the Washington Post and posted here by me.What happened? Obama and his advisers have cast the collapse of the talks as a Republican failure. Boehner, unable to deliver, stepped away from the deal, simple as that.
But interviews with most of the central players in those talks — some of whom were granted anonymity to speak about the secret negotiations — as well as a review of meeting notes, e-mails and the negotiating proposals that changed hands, offer a more complicated picture of the collapse. Obama, nervous about how to defend the emerging agreement to his own Democratic base, upped the ante in a way that made it more difficult for Boehner — already facing long odds — to sell it to his party. Eventually, the president tried to put the original framework back in play, but by then it was too late. The moment of making history had passed.
Any (still) ignored by you...Pathetic Danny
Everybody who lives by their portfolios hates Obama even though they're doing better than ever.
As MHP's thread says, it's completely irrational for a fan of Wall Street to hate Obama.
Oh, I forgot, Obama has some agenda to create an "uncertain" economy; unlike what GW did.
You should always have an informed opinion, so after I inform you, please feel free to express my opinion...USCitizen
The earnings are up not because of companies growing but because of cuts, which Obama should take a lesson from.
Now to spending, Obama has pumped into this economy over what he took in in revenue which will be 6 trillion by the end of his only term and what do we have to show for it. Think about it, 6 trillion additional money pumped into this economy and we still have unemployment over 8% and GDP growth at 2%. One could argue it would not have been 6 trillion if taxes were raised. However that is really not the point, unless you want to say if taxes were raised Obama would only have borrowed 5 trillion. The point is, with all that cash pumped into our economy we still have anemic growth and high unemployment. And are left with 6 trillion additional debt. Under Obama we've been going backwards.
What this means is, Obama's economic policies are a complete failure.
I think that it would force government into making difficult budget choices that are long, long over due.
If a man were behind four months on his mortgage and was talking to you about his plans to build an addition on his home you would think him daft and delusional. But in Washington, ignoring a current crisis to discuss grand dreams is called “boldness” and “vision.”
You're not putting up a car or a house or anything else as collateral.
You simply give your word that you're going to repay the loan - it's not like the lender can sue you for your education if you default.
Maybe you'll ruin your credit score by defaulting, but that doesn't do the lender any good and doesn't recoup one penny of your debt.
With that in mind, go out and tell me what the going interest rate is on a non collateralized personal loan or line of credit.
In fact let me do it for you (and you can go trouble shoot it if you want).
It's between 9.5% and 21% (fixed).
Given that the overwelming majority of undergraduate students have no credit history what end of the spectrum do you think their interest rate would fall at?
Yeah. Me too.
With that in mind, a 6.8% interest rate seems pretty damn generous and 3.4% almost seems silly.
But we're not done yet.
You know what the repayment period is for a personal loan?
It maxes out at about 60 months (5 years).
A Stafford Loan?
On the "extended plan" it's 25 years.
Charging less than 7% interest to lend someone nearly $60,000 for 25 years is unheard of in the real world (the max subsidized/unsubsidized Stafford Loan for an undergraduate is $57,500, you can tack on another $138,500 for grad school - so $196,000 total, still at 6.8%, still with a 25 year repayment window).
And people are bitching that that's too high?
It's almost undelievable how greedy and entitled Americans have become.
And the funny thing is that the same people who are pissing and maoning about this small interest rate increase are the ones calling the bankers (who are making these outrageously generous loans) greedy.
American banks have over $1 trillion tied up in these loans and near 40% of them go into default at some point during the repayment period.
But "fuck the banks", right?
They've got money, they should just give it to you!
Not like they could do anything else with it and still make a wopping 3.4% interest.
Oh, wait, yes they could. In fact they can do a million things with it and earn a better than 4% ROI.
Last edited by soot; 04-27-2012 at 01:07 PM.
I ♣ Ideologues!