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Can you say President Obama? I knew you could.
10-7-08 | adm5

Posted on 10/07/2008 6:54:10 PM PDT by adm5

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...to allow the Treasury Secretary to buy up actual troubled mortgages (Not MBS's or some other basket of securitized mortgage instruments) and then to change the loan (original principle) so that it is more in line with current (read: lower) home prices.

ARE---------------YOU---------------SERIOUS---------------MCCAIN?!

This is wrong on so many levels, but the six most troubling questions/concerns that pop in my mind are:

1) The U.S. Government will be buying what they admit will be inflated homes directly from stressed mortgage holders.

2) What effect will this have on the 92% of mortgage holders who are paying on time? - even while the value of their homes are falling off a cliff and they are becoming more upside down as each month passes.

3) In which markets will you buy these troubled mortgages?

4) Who will determine what the price of the home should be?

5) Who will eat the losses between what is owed on the current mortgage balance and the new and improved number arrived by Dictator Paulson and his successor?

6) If a contract is a legal agreement between at least two parties enforceable in a Court of Law - how will this precedent affect all other contracts?

Gee - McCain, do you think you might encourage a fairly large percentage of homeowners to default??

Moron.

McCain and his new pitbull, Sarah Palin, had a golden "maverick" opportunity laid out on a golden "maverick" platter to oppose the horrible bailout plan and sit on the side of 99% of the constituent calls/letters/faxes/emails that poured into Congress and yet he chose to fold an unbeatable hand which would have polarized him vs. with his opponent, Obama and Nancy Pelosi and Harry Reid, Gay Barney and a very unpopular and un-Conservative President Bush

I bet Sarah Palin, in private company, opposed the hell out of that ridiculous bailout debacle. She would have been the perfect person to fire up his base, AND convert lots of pissed off Independants and democrats to McCains side.

Game. Set. Match. President Obama.

1 posted on 10/07/2008 6:54:10 PM PDT by adm5
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To: adm5

Mister Bagala, you already have the CNN liars club talking points in hand? Gee, you’re so at home


2 posted on 10/07/2008 6:55:22 PM PDT by MHGinTN (Believing they cannot be deceived, they cannot be convinced when they are deceived.)
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To: adm5

you are right...but what do you expect from a frickin RINO?

Both aren’t answering the questions proposed to them and Tom BrokeJaw has no balls to shut either of them up.


3 posted on 10/07/2008 6:55:47 PM PDT by MAD-AS-HELL (How does one win over terrorists? KILL them with UNKINDNESS)
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To: MAD-AS-HELL

OMG, Barama just said Heathcare is a right.


4 posted on 10/07/2008 6:57:44 PM PDT by MAD-AS-HELL (How does one win over terrorists? KILL them with UNKINDNESS)
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To: adm5
Unfortunately...I walked out of the T.V. room right after McCain said that........

Throughly disgusted..........

But not so disgusted that I won't vote for the RINO.

Because I believe Obama a much, much greater threat.

5 posted on 10/07/2008 7:00:48 PM PDT by Osage Orange (" I did not have radical relations with that man, William Ayers. " -Barack Hussein Obama)
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To: MHGinTN
Mister Bagala, you already have the CNN liars club talking points in hand? Gee, you’re so at home

You read and digested my entire post and then replied in 1 minute from when I posted?

Hey Bushbot- I have an idea.

Read the transcript of McCains answer that I reference. Then re-read my post on it. McCain is clueless and he lost his opportunity and now wants to The U.S. Gov't to BUY ACTUAL MORTGAGES!!!!!

This is SOCIALISM!

6 posted on 10/07/2008 7:01:23 PM PDT by adm5 (YOU CANNOT FIX CAPITALISM WITH SOCIALISM! -Glenn Beck)
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To: MAD-AS-HELL
Yeah, I caught that too.

The communist b@stard is going to take my money away from me in order for his voters to get their insurance bills paid.

Totally absurd.

Note that Obama has now stolen the debate floor to rant about his mother dying from cancer.

Obama is insinuating that I should have to pay for his momma's problems.

Communist Re-Distribution of Wealth Bullsh!t!!!!!!!

7 posted on 10/07/2008 7:02:21 PM PDT by Prole (Please pray for the families of Chris and Channon. May God always watch over them.)
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To: adm5

He has time to turn things around but there are no big punches from him yet tonight. He needs a win and not a draw and this is a weak performance so far. Obama has given him more than enough ammo and he refuses to take advantage.


8 posted on 10/07/2008 7:02:40 PM PDT by DemonDeac
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To: adm5

This is what I meant when I was worried about McCain “ruining” Sarah Palin. She could be associated with crap like this.


9 posted on 10/07/2008 7:02:41 PM PDT by St. Louis Conservative
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To: MAD-AS-HELL

You caught that as well? How absolutely ridiculous is that? It is, as Mac said, a responsibility...man...unreal.


10 posted on 10/07/2008 7:05:10 PM PDT by phatus maximus (John 6:29...Learn it, love it, live it...)
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To: adm5

What I “HOPE” to say in 18 months is impeached President Obama....


11 posted on 10/07/2008 7:05:30 PM PDT by Dallas59 (Just Say NObama!)
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To: adm5

So you’ve no knowledge of what Fannie Mae and Freddie Mac were deaeling in. Nice try to fool the readers there, skippy.


12 posted on 10/07/2008 7:07:25 PM PDT by MHGinTN (Believing they cannot be deceived, they cannot be convinced when they are deceived.)
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To: St. Louis Conservative
This is what I meant when I was worried about McCain “ruining” Sarah Palin. She could be associated with crap like this.

If McCain loses, Sarah Palin needs to immediately come out with a book whereas she distances herself from McCain and lays out all of the disagreements she had with McCain but had to adopt as a Vice Pres.

And then we need her to run in 2012!

13 posted on 10/07/2008 7:07:29 PM PDT by adm5 (YOU CANNOT FIX CAPITALISM WITH SOCIALISM! -Glenn Beck)
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To: adm5

I bet Sarah Palin, in private company, opposed the hell out of that ridiculous bailout debacle. She would have been the perfect person to fire up his base, AND convert lots of pissed off Independants and democrats to McCains side. ...................................... 4 years from now, she’ll be the standard bearer, and front runner of the Party. Obama will screw things up more than it is, he’s not an ass kicker, he’s an ass kisser. I will still vote for the Palin/McCain ticket, because that’s all I can do.


14 posted on 10/07/2008 7:08:59 PM PDT by Bringbackthedraft (If we can reverse the ticket, we'd have a winner! PALIN/MCCAIN)
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To: phatus maximus

Problem is McCain just can not articulate his ideas well. He will hit some issues with force and smack Obama but then he goes cold.

On the military, he’s doing a good job. Question is if independent voters care about victory.


15 posted on 10/07/2008 7:09:16 PM PDT by MAD-AS-HELL (How does one win over terrorists? KILL them with UNKINDNESS)
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To: adm5

Well....Who have we got coming up in 2012?


16 posted on 10/07/2008 7:09:40 PM PDT by Dallas59 (Just Say NObama!)
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To: adm5

Why does this dipwad Obama and others think that getting OBama will end terrorism? He was just a money man. I wish McCain would remind people what Saddam was and that if we didn’t go into Iraq, Osama would have gone into Iraq and set up shop there!


17 posted on 10/07/2008 7:11:51 PM PDT by MAD-AS-HELL (How does one win over terrorists? KILL them with UNKINDNESS)
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To: adm5

I think Mr. McCain has locked up the white, racist, Democrat, socialist vote. He lost the GOP vote to do it, but I guess that’s what a maverick does...


18 posted on 10/07/2008 7:13:24 PM PDT by Onelifetogive (Is it too early to open a female wing on Mt. Rushmore?)
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To: MAD-AS-HELL

True...he smacked Obama around on the health care issue...McCain could have gotten exposed there because his plan is tough to comprehend for the average dude, but he smoothed it over well...

McCain’s been pushing Obama into corners to be defensive...Mac may not be articulate but he’s a cagey old fart...he’s the kind of guy who you think you’ve got pinned down and then bam, he unexpectedly roundhouses you with a seemingly unrelated but, in reality, connected point that makes him sound wise while making Obama look like a whiny kid.


19 posted on 10/07/2008 7:14:02 PM PDT by phatus maximus (John 6:29...Learn it, love it, live it...)
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To: MHGinTN
So you’ve no knowledge of what Fannie Mae and Freddie Mac were deaeling in. Nice try to fool the readers there, skippy.

What are you even talking about? Fannie & Freddie helped cause this credit/housing bubble for sure, but NOW we are talking about solutions.

McCain was asked how he would fix it NOW. He said he wanted the Gov't to buy actual mortgages from people like Joe Bob down the street who overextended himself and jumped into a home that he could not afford.

He is proposing a socialist solution which is every bit as disgusting as the underlying problem. Get a clue.

20 posted on 10/07/2008 7:15:00 PM PDT by adm5 (YOU CANNOT FIX CAPITALISM WITH SOCIALISM! -Glenn Beck)
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