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The Official Presidential Debate Thread (Round 2)

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Old 10-08-2008, 10:57 AM   #31
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Re: The Official Presidential Debate Thread (Round 2)

I was reticent about posting this, but what the hell. It is Youtube, so take from it what you will.
I found it interesting

YouTube - BTW I'm Voting For Mccain / Palin
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Old 10-08-2008, 11:19 AM   #32
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Re: The Official Presidential Debate Thread (Round 2)

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I was reticent about posting this, but what the hell. It is Youtube, so take from it what you will.
I found it interesting

YouTube - BTW I'm Voting For Mccain / Palin
LOL...he lost me at brain washing segment...he should have been at the Republican convention, they certainly needed him for diversity.

I must say though he was entertaining to watch....he certainly thinks outside the box though it's a box inside another box.
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Old 10-08-2008, 11:28 AM   #33
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Re: The Official Presidential Debate Thread (Round 2)

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Originally Posted by BleedBurgundy View Post
I watched the entire debate and thought it was close but that McCain came out on top. To me, what won it for McCain was he kept coming back to experience, which he has and Obama does not. There's no real spin to that it's a fact and it's his one advantage. I liked how he brought up the fact that Obama has not introduced a single piece of legislation aimed at lowering taxes. I just didn't think Obama responded as well this time. And although I don't like McCain's healthcare plan, I thought he did a good job of explaining it in layman's terms. Obama has the far better plan but I don't think he explained it as well.
I guess you got what you wanted out of the debate, it's human nature. Unfortunately you're in the minority.

Obama has not introduced a single piece of legislation aimed at lowering taxes eh? What tax would like him to reduce?
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Old 10-08-2008, 11:38 AM   #34
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Re: The Official Presidential Debate Thread (Round 2)

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I guess you got what you wanted out of the debate, it's human nature. Unfortunately you're in the minority.

Obama has not introduced a single piece of legislation aimed at lowering taxes eh? What tax would like him to reduce?
Not really fortunate or unfortunate really. I do lean towards McCain, but I still consider myself undecided. There were pros and cons to both last night and I thought McCain did well. We'll see how the next one goes.
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Old 10-08-2008, 12:14 PM   #35
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Re: The Official Presidential Debate Thread (Round 2)

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This was, to me, the far most important thing to come out of this debate. The idea of government buying up mortgages is insane. If the McCain camp is banking on that "big idea" to garner support, they're screwed.
What's the better solution? Allow Wall Street to totally implode and watch as we enter the Greatest Depression?
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Old 10-08-2008, 12:33 PM   #36
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Re: The Official Presidential Debate Thread (Round 2)

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LOL...he lost me at brain washing segment...he should have been at the Republican convention, they certainly needed him for diversity.

I must say though he was entertaining to watch....he certainly thinks outside the box though it's a box inside another box.
Ergo,
take from it what you will......
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Last edited by Hog1; 10-08-2008 at 12:55 PM.
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Old 10-08-2008, 01:08 PM   #37
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Re: The Official Presidential Debate Thread (Round 2)

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I watched some of the debate but I'm decided and they had the Skins on NFL replay. Even though Obama seems to have the lead its going to be a very tough election. I perfer McCain over Obama but I really don't like either one of them. My biggest issue the past couple of years has been taxes as it seems as a small business owner I pay and pay and pay. Then my CPA (I have very good CPA) does my taxes and I still owe more money. Obama's plan says a small business making under $250,000 will not see a tax increase but I think there are allot more people hit by this then what we hear. So if my business makes over $250,000 and I after paying all of my bills, employee's, etc... I end up bringing home $65,000 I'm getting a tax increase. Most small business owners I know gross more than $250,000 but bring home much less.
If you have a Small (full time) business grossing less than 250k, your living on the street already. After expenses and tax's most business's won't have much left over.
If we are talking about personal income, over 250k. In OshKosh, that's probably pretty good loot. Not so in NYC, DC, either coast and much in between.
How does Barrack Hussein thinks that's fair, I wonder? He talks a lot about it. It seems much more fair if you are not in those groups, I imagine. These groups are already paying a whole lot more income tax than I am. Interesting concept of fairness Barrack has....
Actually, when you think about it, he's just a modern day Robin Hood? Steal from the rich and give to the poor?
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Old 10-08-2008, 02:02 PM   #38
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Re: The Official Presidential Debate Thread (Round 2)

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What's the better solution? Allow Wall Street to totally implode and watch as we enter the Greatest Depression?
Sorry, I don't personally believe that the government's role is to act as a mortgage lender. And... screw Wall Street. And Main Street. If you choose to *risk* your company's assets in shady, fundamentally poor investments and it comes back to bite you in the ass, that's on you. If you choose to *risk* your financial well being and purchase a home you cannot afford, that's on you. Everybody loves free/cheap money/assets but nobody wants to be responsible for their piss poor decision making. My own view is, let 'em fail, there will be a vacuum formed and new business will rush in to fill it. It may take time but I truly believe that would be the best in the long term. The way we're currently going, no one is going to learn ANYTHING from this mess. Everyone who screwed up and put us in this situation is going to get bailed out at the expense of everyone who was responsible. That's fucked up.
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Old 10-08-2008, 02:26 PM   #39
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Re: The Official Presidential Debate Thread (Round 2)

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Sorry, I don't personally believe that the government's role is to act as a mortgage lender. And... screw Wall Street. And Main Street. If you choose to *risk* your company's assets in shady, fundamentally poor investments and it comes back to bite you in the ass, that's on you. If you choose to *risk* your financial well being and purchase a home you cannot afford, that's on you. Everybody loves free/cheap money/assets but nobody wants to be responsible for their piss poor decision making. My own view is, let 'em fail, there will be a vacuum formed and new business will rush in to fill it. It may take time but I truly believe that would be the best in the long term. The way we're currently going, no one is going to learn ANYTHING from this mess. Everyone who screwed up and put us in this situation is going to get bailed out at the expense of everyone who was responsible. That's fucked up.
Just making a point that what used to be sound conservative investments are no longer that, like Fannie/Freddie & Mortgage Backed Securities.
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Old 10-08-2008, 02:43 PM   #40
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Re: The Official Presidential Debate Thread (Round 2)

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Just making a point that what used to be sound conservative investments are no longer that, like Fannie/Freddie & Mortgage Backed Securities.
Agreed, and the reason they are no longer sound is because the principles involved decided to change their business practices in favor of short sightedness.
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Old 10-08-2008, 03:26 PM   #41
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Re: The Official Presidential Debate Thread (Round 2)

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Agreed, and the reason they are no longer sound is because the principles involved decided to change their business practices in favor of short sightedness.
And political correctness. Or more pointedly...they bought votes.
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Old 10-08-2008, 03:42 PM   #42
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Re: The Official Presidential Debate Thread (Round 2)

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Fred & Fan had to pick up this bad papper because congress got involved with how banks gave out loans which is the biggest part of this entire mess. If congress kept their nose out of lending and banks kept up their conservative approach knowing they where stuck with any bad papper then they would have done so. This just goes back to goverment screws up everything they touch but heck lets give them more power. Why not let them screw up health care even worse or keep screwing up the school system, SS, etc.. because they do such a fine job. Funny thing is the two guys running for office both had a hand in these poor decisions. Yes both McCain & Obama are as guilty as anyone in this mess. Now we get to vote for them to fix the mess that they helped create to start with and you know what we will get. More goverment and goverment programs that over spend and are poorly run.
they had it right. until someone decided it was time to DE regulate. thats what started the free fall. if you let the rats run wild, soon there will be no more cheese
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Old 10-08-2008, 04:05 PM   #43
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Re: The Official Presidential Debate Thread (Round 2)

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Please tell me what was De regulated? Not just saying banks but give what was actually de regulated.
Telecommunications, Media, and Banks.
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Old 10-08-2008, 04:06 PM   #44
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Re: The Official Presidential Debate Thread (Round 2)

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Fred & Fan had to pick up this bad papper because congress got involved with how banks gave out loans which is the biggest part of this entire mess. If congress kept their nose out of lending and banks kept up their conservative approach knowing they where stuck with any bad papper then they would have done so. This just goes back to goverment screws up everything they touch but heck lets give them more power. Why not let them screw up health care even worse or keep screwing up the school system, SS, etc.. because they do such a fine job. Funny thing is the two guys running for office both had a hand in these poor decisions. Yes both McCain & Obama are as guilty as anyone in this mess. Now we get to vote for them to fix the mess that they helped create to start with and you know what we will get. More goverment and goverment programs that over spend and are poorly run.
Agreed but, correct me if I'm wrong, I don't think Fred and Fran were FORCED to take on all of these subprime loans, the GOV just gave them the option and they took advantage of it. But, looking at your entire post, I can see we mostly agree.
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Old 10-08-2008, 04:35 PM   #45
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Re: The Official Presidential Debate Thread (Round 2)

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Agreed but, correct me if I'm wrong, I don't think Fred and Fran were FORCED to take on all of these subprime loans, the GOV just gave them the option and they took advantage of it. But, looking at your entire post, I can see we mostly agree.
Forced? No. At least not in a legal sense. I believe.

But yes "forced" in terms of manipulated so that their best way to make money was by buying junk loans.
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