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Game Over...User Wins...

Oct. 3rd, 2008 | 02:52 pm
mood: irateirate

Ladies and gentlemen, our society is officially fucked.

I cannot vote for Obama after this. It's one thing to compromise, another to capitulate. I cannot vote for MCain either, since he's about as maverick as a Q-Tip. Both are cut from two sides of the same cloth.

Reverend Wright had it right. God Damn America!

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Comments {7}

Magnus

from: magnus_samma
date: Oct. 4th, 2008 02:11 am (UTC)
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I must be out of the loop. Cannot vote for Obama after what?

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Nangbaby

Here's a hint...

from: nangbaby
date: Oct. 4th, 2008 07:48 pm (UTC)
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This bailout is the worst "solution" to a problem I've ever encountered.

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Re: Here's a hint...

from: No Name Person
date: Oct. 5th, 2008 05:18 am (UTC)
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You know what anyone who is surprised and/or angered by this really is about 20 years behind on this whole set-up. Anyone remember the whole Savings and Loans scandal which included a guy named Bush(Neil) and included an appearance by McCain as part of the Keating 5 who let them skate.

Then there were junk bonds which is pretty much what this mortgage racket equals up to. In a net-shell during a time when the US is producing nothing and actually losing money while waging a war the ultra-smart people in "business" started selling real estate for much more then it was worth (via the use of unregulated and bought off appraisers) and banks gave out loans for overpriced homes to people who on paper should have never, ever gotten a loan.

Then for some reason these people were lead to believe that taking out loans on a home they had a loan out for already was some kind of smart move, the reality being they were taking money out on top of money they didn't have and actually owed. All on the assumption they could "flip" the house and cut some profit and leave.

Well now the 400,000 house they leased from a bank is worth maybe half that and nobody can even get a loan to buy it, so now you have buyers remorse and then some. The banks now are shocked that people making 25,000 a year can't get the mortgage up every month for that overpriced house they never really owned so the government is going to buy those bad loans so the banks can, lend more money !

In the end people are still going to get foreclosed on and probably attacked with Eminent Domain, and their credit will be fucked for ten years if not more. Whoever has cash on hand will buy these houses for reduced rate and they will actually get the benefit of a reverse flip because the government is just going to want to start getting that bad paper off the books.

The poor, honest bankers, real estate brokers and other con-men will get off scott-free and probably be first in line to buy those discount properties for pennies on the dollar.

But hey they got O.J., so white America can sleep easy......

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Magnus

Re: Here's a hint...

from: magnus_samma
date: Oct. 13th, 2008 01:27 am (UTC)
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Oh, absolutely. The fact that Obama voted for it and endorses the whole thing is a huge dissapointment.

I don't care. Honestly, I'm not going to try and tell you that you have to vote no matter what because "every vote counts." It doesn't, there are millions of people voting and the vote almost always comes out with a difference of a few thousand at the least, so one individual vote doesn't matter at all. Of course, if everyone though that then no one would vote, but if nobody voted then wouldn't our leaders maybe pause and wonder exactly how badly they must have fucked up if we're not even willing to bother trying to have them replaced?

That being said, I'm still voting, and I'm voting for Barack, if only because he is by a small margin the lesser of the two available evils and because I do think McCain is really that bad for all of us. I used to consider myself a Republican, and the realization that the party's adherents are a pack of insane fundies has left me bitter and vengeful. I don't want them in charge anymore, and if that means I have to support Obama's shiny plastic persona I will. If he does half of the shit he's promising us then he's going to be the best president we've had in twelve years. If he doesn't, then really we can't be much worse off.

I doubt he'd approve of this message, but I can't say I give a shit either, so I figure we're even.

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Re: Here's a hint...

from: No Name Person
date: Oct. 13th, 2008 10:35 pm (UTC)
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Yeah well politicians play politics, that is their game. The Bailout/Rescue/Extortion was just the final act to 8 years of milking the country for all it's worth. Like I said before if anyone believes this was just some unfortunate miscalculation on the part of dozens of banks and investment banks then I have some magic beans for sale that also double as alternative fuel.

Like you said McCain has a bad track record when dealing with business matters and up until the bottom started falling out he claimed things were all good, which I am sure they are for him since he has 7 houses. His only platform was to keep spending money on this proxy war in Iraq which is part of what has ruined the economic standing of the country and to just keep on down the road to nowhere Bush started on.

Hopefully people have learned their lesson and figured out that living outside of their means is not a good idea, even if their government can't do the same. Because it is clear that individuals are held more accountable for making bad financial choices then the banks or elected officials are.

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Nangbaby

Re: Here's a hint...

from: nangbaby
date: Oct. 15th, 2008 04:50 am (UTC)
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Oh, I am definitely going to the polls. It might be a throwaway vote, but I'm voting for someone. Besides, since Obama has a really big lead in my state, so I know I can vote my conscience with little consequence.

But it doesn't matter who is the lesser of two evils after that bill was passed, because both of the candiates have dropped a large ball in the glass floor I'm standing in. That's a pretty big evil, one I cannot ignore. In time, I probably will forgive Obama, although by then John McCain will be dead, so it'll be a moot point as far as the latter is concerned. But it just goes to show that right now, neither of these guys is ready to lead. If they're willing to follow Bush like lemmings, despite how badly it turned out the last time, then they do not deserve to hold the highest office in the land.

I haven't felt this betrayed since Al Gore picked Joe Lieberman as his VP. A lot of people thought I went ballistic then for no reason, but I could not vote for Gore after that. Surprise surprise not eight years later, that turncoat Lieberman had the nerve to show up at the Republican convention, praise McCain and slam Obama. But at least Lieberman only messed with video games. This is going to ruin my financial livelihood. Not now, of course. I'm broke and I have nothing to lose. But years down the road, the fallout is going to be even worse than what it would have been now. If I'm still alive then, I don't know how I will handle it. At least with nothing saved up and making barely enough to pay bills, I would have been in the same shape as the retiree who has lost all his money in the stock market. Now, when the next bubble does pop, it is going to wipe out what little I accumulate.

I don't want Republicans in charge, either, but if the Democrats are voting the Bush line, then there's really no difference. A rose by any other name still smells like boo boo..

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Re: Here's a hint...

from: No Name Person
date: Oct. 15th, 2008 06:09 am (UTC)
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Wow Outkast reference, I am shocked. In any event this whole thing is fucked no matter what anyone did one way or another. The Republican cowboy leadership got spooked when Wall Street said pay or we will let the bottom fall out, and then it did a little and the government jumped like a prison-yard bitch in heels. What happened to not negotiating with terrorists ?

In the end unless Obama is serious about changing the course and actually being a nation that produces something again then all his promises will count for nothing. Exporting Democracy to people who don't want it has just cost us money while the rich figured out a new junk-bond scam with over-inflated real estate deals that they now are off the hook for (bet people will still get foreclosed on left and right). But no matter what happens Americans will not do anything about it but blame Mexicans or Welfare recipients for the whole mess somehow while they still pay more attention to American Dancing with the Biggest Loser Rehab Celebrity Gang Bang on VH1.

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