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Is Obama about to forgive billions in mortgage principal?
Hot Air ^
| 8/5/10
| Ed Morrissey
Posted on 08/05/2010 6:39:02 AM PDT by Daisyjane69
Edited on 08/05/2010 6:53:02 AM PDT by Admin Moderator.
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To: Daisyjane69
Boy, I feel foolish for paying off my mortgage now!
21
posted on
08/05/2010 6:47:46 AM PDT
by
griswold3
('Regulation and law without enforcement is no law at all)
To: Daisyjane69
I pay my bills
Where My cheese????
22
posted on
08/05/2010 6:48:58 AM PDT
by
silverleaf
(Those who can make you believe absurdities can make you commit atrocities.)
To: Anti-Bubba182
After that he might as well declare himself President for life and become dictator. If he does this and makes an Executive Order for amnesty for illegals we are there. Then next thing you know, he will declare our Official Language is Swedish.
23
posted on
08/05/2010 6:49:06 AM PDT
by
dfwgator
To: RobRoy
I have mixed emotions about this, as I am one of those people who are upside down on my mortgage. Not because I’m a slacker or anything like that.
I bought my property at or near the peak and have since lost my job as VP Sales of a small software company that has gone out of business. I’m still making my mortgage payment out of my savings account, have never missed a payment and don’t plan on missing a payment even if I have to cash in 401k plans, IRA’s, etc.
I have never taken government assistance on anything. But the idea of getting back above water on my mortgage is very attractive. And no ... it would not change my hatred of Obama and I will not vote for him. But I know for me, it would have a huge impact on my current financial situation.
24
posted on
08/05/2010 6:49:10 AM PDT
by
Free America52
(The White guys are getting pissed off. We beat Hitler Hirohito and Krushchev. Obama will be easy.)
To: BelegStrongbow
While that sounds good, jobs have hemorrhaged in NC. For many it is too late, they have either lost their homes or will despite what Obama does. They can forgive the entire debt, many of this people are already in foreclosure and cannot put food on the table.
To: silverleaf
It’s Not Cho Cheese Man!!!
26
posted on
08/05/2010 6:49:34 AM PDT
by
surfer
(To err is human, to really foul things up takes a Democrat, don't expect the GOP to have the answer!)
To: Free America52
I have mixed emotions about this, as I am one of those people who are upside down on my mortgage. Not because Im a slacker or anything like that. I bought my property at or near the peak and have since lost my job as VP Sales of a small software company that has gone out of business. Im still making my mortgage payment out of my savings account, have never missed a payment and dont plan on missing a payment even if I have to cash in 401k plans, IRAs, etc. I have never taken government assistance on anything. But the idea of getting back above water on my mortgage is very attractive. And no ... it would not change my hatred of Obama and I will not vote for him. But I know for me, it would have a huge impact on my current financial situation.Ok...but still...why should I have to pay...for your choices.
27
posted on
08/05/2010 6:50:04 AM PDT
by
dfwgator
To: Daisyjane69
28
posted on
08/05/2010 6:50:06 AM PDT
by
paulycy
(Demand Constitutionality: Marxism is Evil.)
To: updatedscreenname
Next he’s going to propose we change the country’s name to Zimbabwe West.
29
posted on
08/05/2010 6:50:06 AM PDT
by
DManA
To: dirtboy
And this is EXACTLY why Fannie and Freddie were not included in the recent Financial Reform legislation.Exactly right... and as I recall they also shielded Fred and Fanny from congressional inquiry, making what they're trying to do easier to get away with.
30
posted on
08/05/2010 6:50:29 AM PDT
by
Track9
(Liberals are cruel hateful people who think they pass as respectable citizens.)
To: Free America52
huge impact on my current financial situation.
Temporarily. Long term you would end up living in a tent in Obamaville.
31
posted on
08/05/2010 6:51:22 AM PDT
by
DManA
To: Daisyjane69
Maybe this means my landlord will be reducing my monthly rent.
</DREAM ON>
32
posted on
08/05/2010 6:51:46 AM PDT
by
savedbygrace
(Rev 22:20 He which testifieth these things saith, Surely I come quickly. Amen. Even so, come, Lord)
To: Daisyjane69
Being underwater mostly doesn’t come from being a deadbeat, contrary to the posters who are implying that. Mostly it comes from living in a Blue state, buying overpriced property during the bubble or refinancing during the bubble, then watching the value get cut in half or in third. It is still irresponsible behavior and should not be bailed out.
33
posted on
08/05/2010 6:52:08 AM PDT
by
palmer
(Cooperating with Obama = helping him extend the depression and implement socialism.)
To: Daisyjane69
My one question is: On one hand we have trillions of dollars of debt but only so many assets. The debt keeps growing but the assets do not. There MUST be a breaking point somewhere, sometime.The Feds are making $’s out of nothing. The buck has to stop
34
posted on
08/05/2010 6:52:50 AM PDT
by
BornToBeAmerican
(Give me a hand up, not a hand out)
To: dfwgator
“Ok...but still...why should I have to pay...for your choices. “
You shouldn’t, that’s where my mixed emotions come in. I am a true conservative and feel the same way you do.
35
posted on
08/05/2010 6:52:55 AM PDT
by
Free America52
(The White guys are getting pissed off. We beat Hitler Hirohito and Krushchev. Obama will be easy.)
To: TexasCajun
Seems being a responsible citizen is for suckers like me!
I hear ya, loud and clear.
I read this as only forgiving the underwater portion of the mortgages, which is BS. We live in a nation where people are never held responsible for their actions.
We have been good and not spent like drunk sailors, saved for the girls college educations , our retirement and no credit card debt. Yet our neighbors rack up 60k in credit cards, to have half of it erased, took out second mortgages to put in pools and take vacations. I have to admit, I am a bit green with envy, we want a pool and sunroom so we can enjoy the summers by our pool. But no, we have to watch folks who break the rules get the rewards.
36
posted on
08/05/2010 6:52:55 AM PDT
by
Cyclone59
(Don't blame me, I voted for the hot chick and the old guy!)
To: Personal Responsibility
anyone who takes a free cheese mortgage buydown- is rendered powerless to protest govt overspending
clever, eh? The more people you make part of the problem, the less people you have who can resist or protest the problem
37
posted on
08/05/2010 6:53:31 AM PDT
by
silverleaf
(Those who can make you believe absurdities can make you commit atrocities.)
To: Aria
...that’s exactly what i was thinking....
38
posted on
08/05/2010 6:54:01 AM PDT
by
devane617
(VOTE THEM OUT! ALL OF THEM!)
To: palmer
Well said.
Also, who get’s the ‘title’ of the forgiven mortgage? I’m betting OhBummer wants title to every residence and every pice of property privatly owned
39
posted on
08/05/2010 6:55:03 AM PDT
by
BornToBeAmerican
(Give me a hand up, not a hand out)
To: Free America52
I bought my property at or near the peak and have since lost my job as VP Sales of a small software company that has gone out of business. I'm still making my mortgage payment out of my savings account, Your are diligent and responsible contrary to my blanket assertion above.
40
posted on
08/05/2010 6:55:13 AM PDT
by
palmer
(Cooperating with Obama = helping him extend the depression and implement socialism.)
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