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Gosh, what we need is another stimulus that does jack-shit for the economy.
September home foreclosures top 100,000 for first time | Reuters
The economic policies of this administration have been a total failure and with the Dems controlling congress since 2006, this is 1OO% their economy. Own it.
the foreclosure procedure train wreak, is next..(bend over, put your head between your knees...and kiss your ass, gooodbye)
Oh, noooo! Thats why we have to kick out the immigrants and extend tax brakes for the rich. Any other solution Islandborn to fix the economy?
Right......because all those homes being foreclosed on are owned by illegal immigrants? Yea......right.Quote:
Originally Posted by lve2smk
Any other knee jerk reactions with answers that have nothing to do with the subject?
MOST of those people were people who bought expensive homes hoping to flip them for profits and got jammed in the market crash. NOT ILLEGAL immigrants which for the most part do not OWN any property. Duh.:stoned:
Buy a home you cant afford, you run the risk of losing it. Story over. Foreclose those homes so responsible people can buy them and get the economy moving somewhat.
All 50 state's Attorney Generals are looking into the foreclosure procedures by the banks.
This going be a clusterfuck....you can't evict an Obama or Bush voter...:jointsmile:
Thats not going to happen.....that will further slow the market which Obama desperately does not need right now. The VAST majority of the coming foreclosures are people living OUTSIDE THEIR MEANS. Which means they lose their house and must downsize according to their FINANCIAL RESPONSIBILITY. Thats the way it goes. Its sad they will lose their home, but they were GAMBLING with the market in the first place and unless your a complete idiot.....you know in gambling there is a chance you will lose.
I see the housing market and all the dirt cheap prices and I see nothing but opportunities and profits to be made.
DOn't worry, it is NOT going to slow down the stock market....maybe the financial sector and maybe not even that. POMO which is the feds way of printing more money and injecting it into the stock market has released it's new schedule and today is the first day, that is why the market is not tanking like it should be. In the next month they are releasing $32 billion, yep that's billion, and in the next year a total of 220 billion to keep the dollar down and equities up. Let's hope the feds spend their time worrying and dealing with world economic collapse instead of hassling marijuana growers and users.
Look up the old movie on youtube..."Rollover"....this might be the upcoming scenario in global economic crisis....very interesting.
Wait till the commercial real estate bubble pops up its ugly head.lol
And everybody gets busy again trying to manipulate the stock market and currency exchanges. Hang on, its going to be a bumpy fucking ride.lol
No, we have to kick out the ILLEGAL immigrants because they are a burden on the economy and the healthcare system. We need tax breaks for people who produce goods and services. Not tax credits for people who bitch and moan because someone else has more than they do. How in the hell have we come to a place where the people who want to keep the money they earned are called greedy, by people who did not earn it, yet feel entitled to it anyways?Quote:
Originally Posted by lve2smk
What a truly novel idea. When you come up with a solution that does not involve giving police additional power to neglect basic property and privacy rights, then by all means do go on. This same stance was used by far right extremists during the industrial revolution; "the stinkin irishman is taking all the good jobs (low pay, long hours, shitty working conditions)".Quote:
Originally Posted by Adrianonymous
Will tax breaks result in people purchasing more goods and services (necessary to reduce unemployment in the short run) or will the be saved/used to pay down debt? The devil, of course, is in the details.Quote:
We need tax breaks for people who produce goods and services.
It has nothing to do with class warfare rhetoric. High income/high wealth households are simply not spending it. Not that i believe higher taxes during this stage of the recovery is necessary, yet fiscal consolidation will require those who profit the most to pay for a "most stable" system.Quote:
Not tax credits for people who bitch and moan because someone else has more than they do. How in the hell have we come to a place where the people who want to keep the money they earned are called greedy, by people who did not earn it, yet feel entitled to it anyways?
In an era of record low interest rates, commercial real estate will not feel the same "demand purge" as did the residential sector. Corporations are flush with cash and can assume debt with real interest rates in the realm of < 2%.Quote:
Originally Posted by killerweed420