Mercy, where to start with this one:
FDR did. He was elected 4 times, twice during WWII, so I say he knew EXACTLY what he was getting into.
Barry doesn't know shit anyway, so how is this different?
No he was chosen by DUmbass dimrats due to a catchy slogan and an "official seal". All hopey changy, remember.
Like I said, FDR was elected twice during WWII, which would make BOTH the wars we are currently fighting look like a Boy Scout camporee.
Brought on by Bwarney Fwank and Chris DUdd.
Homeowners who bought more house than they could afford were loosing their homes. Nothing new there.
Jobless rate didn't hit "around 10%" until last year. Barry created that one, he didn't inherit it.
Republicans couldn't stop anything Barry wanted to do, if he could just get them darned dimrats to vote as one. Since when did "criticism" stop a politician from doing what he wanted to do?
He's half white, remember. ANY job outside of a "community organizer" is too much for this one man.
Gravity has nothing to do with it.
Face it. Barry is a total over-educated, under-achieving, incompetent, inexperienced jerk-off loser.
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Homeowners who bought more house than they could afford were loosing their homes. Nothing new there. ------- [/quote]
Time to ask the question, whose fault is that.?
Is it the banks that lent the money or the people that who took on more then they could chew.?
Was it the realitors that pushed people to buy homes they could not afford in case one partner became disabled, was it not the realitors that pushed for buyers and built dream castles in their heads.
Hubby and I dealt with quite a few realitors before buying our home. We had a good size down payment and good credit so financing was no problem for us.
These realitors kept taking us to homes that wowed us, in ground pools and fancy smancy kitchens, they knew we could not afford the morgage if one of us lost our job but still kept pushing for us to ----imagine the family around the diningroom table at the hollidays.
It is only human nature to want something we have never had before, and when encouraged to not think of the future but just now and one can have their dream come true, what the Hell I may as well get mine now as tomorrow I could die in an auto accident.
As careful as we were in buying our home we still were in for a shock, at the signing we found out the interest rate was at 12% and was not locked in. We had been told the interest was 7% origionally.
We had never thought to go to the town hall and inquire about our tax rate as we were told it was part of the morgage, not so. No one had told us we were a Donner town and at least $1,000 per year was added to our taxes.
What a mess, we did some fast work on the calculator and found with all the crap we did not expect we could still own the home as long as just one of us was working.
So we bought our home and 15 years later sure enough one of us has the load as I am not working and waiting for SS.
Lots of stuff goes into buying a house, I cannot realy blame the banks for All the problems, had we listened to the realitors we would now be living under a bridge somewhere.
I am not bashing Realitors here, their job is to sell homes nothing more, but some in the profession are real skanks and for first time home buyers in an area it is easy to fall under the spell of being able to live in the home of their dreams.