Posted on 09/24/2008 1:52:57 PM PDT by pabianice
Obama on CNBC now. Has announced that he and McCain are suspending their campaigns to deal with financial mess. Obama says Dems will allow no bail-out bill that does not let "all homeowners in trouble" to keep their homes. This seems to mean that those millions of deadbeats who took mortgages they knew they couldn't honor will get their homes on the taxpayers' dime. This seems even worse than the government taking possession of bad loans. It suggests excusing the loans. Also, bill must contain some sort of punishment for business executives.
If this is as Obama says, it seems unlikely that any bill will occur before January and that whatever bill passes will punish the responsible and hard-working. If Obama wins the election, then all bets are off.
seems like a good time to stop making mortgage payments, if you bet on Obamarama
I think he does not want to be seen "in action" in Washington. He would be but a bit player.
Geez, doesn’t leave much time to default on my mortgages.
The One is not suspending his campaign
Oh, the 90%+ of homeowners busting their butts to make their own mortgage payments are just gonna love this provision....
Just heard him say that if you need him call him. Ok Barry. Wait by the phone until Nov. 5th.
Those of us who are responsible will pay for those who are irresponsible.
This is a core Democrat value.
What does this mean? That the taxpayers pay every mortgage in jeopardy in full? THat friggin guy is just so stupid.
In Philadelphia, the Sheriff refuses to foreclose any homes, period, says he works for the voters not the banks.
Friends, the democrats are about to do to America what they have done to the cities. The housing/credit markets will not survive a government that prevents lenders from repossessing homes for nonpayment, nor can we all afford to make everyone’s mortgage payment for them.
Oh, but you are going to be forced, at gunpoint, to pay for others’ irresponsibility. It’s the liberal way.
No sh!t, why should I bother paying my mortgage anymore if I can get my house for free?
So I will just stop paying on my mortgage now so I can get my house for free!!!!! /sarc
Those that rent or have their house paid for/ not behind, deserve something also.
Those that rent or have their house paid for/ not behind, deserve something also.
This dumb plan will make the $700 billion bailout into a $2 Trillion bailout. And since the default rate will skyrocket, that $2 Trillion will be worthless.
Never thought of that, but he will be what he is—the junior senator sitting in the back of the room. While McCain is sitting in the front row—lol. Obama blabs, blabs, blabs. I can’t stand Obama. Obama is not suspending his campaign. He is not going to delay the debates. He says he is showing up. I am sure he will continue with his commercials as well, whereas McCain is pulling his commercials until Monday or until he comes back. <p.Obama is so very parisan. He is a hateful person.
Those that rent or have their house paid for/ not behind, deserve something also.
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