Obama candidacy stirs racist/white supremacist web sites

#51
#51
Fine Vol said:
I would school you both on housing bubbles and prolonged high inflation but the arcade is calling my name.
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the inflation you understand is that inflation you feel when you look in the bra section of your mom jc pennys catalog.:no:
 
#57
#57
BigPapaVol said:
I'm not spouting stats to do anything. In fact, I used no stats. I simply told you what I know to be the case. I'm telling you that obscene inflation from the Carter years destroyed more wealth than anything in our history, aside from the Great Depression. Prolonged high inflation destroys wealth as fast as depression will. You're welcome to assume forever that I'm uninformed vis a vis the economy, but I'm telling you that you'll forever be wrong on that front. I don't know jack about much else, but am relatively versed on econ.

This housing bubble has done nothing but destroy the artificial wealth built into the market by absurdly cheap money being available to that market. That cheap money drove unrealistic demand and fancy financing techniques allowed people to pay prices they should never have been paying. Housing price is forever going to be a function of per capita income levels and the ability to make note payments. Any growth in housing that outpaces income growth is destined to adjust itself at some point. That rule hasn't changed and won't change.

I have no problems with tangents if they help point out the that you're meddling in an economic conversation when it appears you're unqualified to do so.
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Not true. The introduction of GSE's (Fannie/Freddie) into the market has and will forever change the mortgage industry. Excluding exotic loans that didn't require income documentation the debt-to-income ratios required by these entities is significantly higher and has remained higher even through this tight credit market -- higher than "old school" mortgage guidelines. This means an individual can qualify for more than they used to in the past with no actual income increase. That being said, it is, for the most part, a one-time event. So I'm splitting hairs.

As for housing destroying artificial wealth -- you might get away with that argument when people are counting the equity in their homes but that's only when people actually have equity in their homes. You seem to forget that the prevalence of 100% financing and adjustable rates has created a disgusting amount of individuals in a negative equity position. The overall home equity position in the U.S. is at an all-time low.

- Savings are being spent on attempting to maintain a home with an inflating payment and no ability to refinance. Deflation of wealth.
- Savings are being spent on liquidating homes that are "under water". Deflation of wealth.
- Portfolios are being destroyed by enormous stock losses in the financial services arena - directly attributable to MBS's, CDO's, and other mortgage related security instruments. Deflation of wealth.
- Bonds and stocks are no longer inverses in this market as we struggle with equity losses and inflation. Though bonds are starting to post minor gains. Diversification is not salvaging a portfolio.
- The weakness of the dollar is leading to massive foreign investment as our fixed assets (real estate) continue to fall. This movement of assets to a balance sheet outside the country is an enormous loss of wealth.


Simply put, the housing market crisis has forced the Fed to cut rates and stave off temporary stock market collapses. These rates cuts have led to the weak dollar which leads to massive foreign investment. Foreign investment is nothing more than picking up U.S. assets and placing them on foreign balance sheets. At least we get the tax revenue though....
 
#59
#59
volfanbill said:
this is as good a place as any to point this out. I got to talk to one of those people who believes Obama really is a terroristic Muslim who is out to destroy the United States by becoming our next POTUS. It was awful and even though I have no desire to vote for him whatsoever, I felt like I should defend Obama from this ignorance. In the end though I just decided to let it die. I figured getting in an argument with my sister's father in law was probably a bad idea.
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Well, I say if you want to speak up, good for you. Certain sentiments deserve to be called out, and it helps to hear people stand up against them and let anyone within earshot know that they're not acceptable.
 
#60
#60
TennNC said:
Well, I say if you want to speak up, good for you. Certain sentiments deserve to be called out, and it helps to hear people stand up against them and let anyone within earshot know that they're not acceptable.
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Such as willful mischaracterizations of McCain's 100 years comments about Iraq? Or suggesting McCain's energy policy consists of only increased drilling. Yes, Obama should know such talk is not acceptable :whistling:
 
#61
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#63
#63
volinbham said:
So you are clearly calling for an end to such comments - particularly since your candidate has claimed to be above such and professes to tell the truth to the American people. Glad to hear it. :p
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of course.
 

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#64
#64
Hey, I already knew McCain was a typical politician. I'm wondering if the Obama crowd is recognizing he's not what he claimed to be.
 
#65
#65
volinbham said:
Hey, I already knew McCain was a typical politician. I'm wondering if the Obama crowd is recognizing he's not what he claimed to be.
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No..I really don't know what it would take to make folks understand what Obama really stands for.
 
#66
#66
SEN. OBAMA may not even be legal here. Go figure, Quote < I will always support the Musilem(AHLAH) faith here in the US. He want's to bring BINLADEN here to a trial so HE can get him off the hook. KI$$ my a$$.
 
#67
#67
MillsfieldVOL said:
SEN. OBAMA may not even be legal here. Go figure, Quote < I will always support the Musilem(AHLAH) faith here in the US. He want's to bring BINLADEN here to a trial so HE can get him off the hook. KI$$ my a$$.
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you really shouldn't drink alcohol before posting
 
#68
#68
MillsfieldVOL said:
SEN. OBAMA may not even be legal here. Go figure, Quote < I will always support the Musilem(AHLAH) faith here in the US. He want's to bring BINLADEN here to a trial so HE can get him off the hook. KI$$ my a$$.
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Mills...What? C'mon man..:blink:
 
#69
#69
MillsfieldVOL said:
SEN. OBAMA may not even be legal here. Go figure, Quote < I will always support the Musilem(AHLAH) faith here in the US. He want's to bring BINLADEN here to a trial so HE can get him off the hook. KI$$ my a$$.
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He was born here in the US, he is legal, period. He has made some bad statements that I think come from his inexperience in diplomacy and foreign policy which is a major reason why I think he is a bad choice. Some of Bush's decisions have strained our relations with some countries out there and we need a person who is solid in these areas. I think you are dead wrong about Obama trying to get Bin Laden off the hook, just my two cents.
 
#72
#72
volinbham said:
Hey, I already knew McCain was a typical politician. I'm wondering if the Obama crowd is recognizing he's not what he claimed to be.
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I've said it before and will say it again, for emphasis.

"Obama is a politician."

-Tenn "Hussein" NC
 
#74
#74
TennNC said:
I've said it before and will say it again, for emphasis.

"Obama is a politician."

-Tenn "Hussein" NC
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Very true but at the same time he has claimed to be the candidate for change but the longer this race goes on the more it just seems like politics as usual. I don't really see anything "refreshing" or different in his campaign thus far.
 
#75
#75
KB5252 said:
I don't really see anything "refreshing" or different in his campaign thus far.
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He's still a powerful speaker. He's young. He's AA. He's the better looking candidate (research shows people go for the more attractive choice).

On the other hand, his great speeches are full of claiming to be above the fray while his actions are square in it.

I would have assumed that the intensity of his support would have waned by now as people realize he is a typical politician but so far it doesn't seem to have happened.
 
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