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Thread: Congratulations America, Obama Inaugurated

  1. #21
    Quote Originally Posted by Shenron View Post
    LOL!

    Make it 60 as we can always add Portugal (if you guys accept us) and the Moon
    Nah, with Barosso in charge of the EU Commission I can't see Portugal seceding, on the other hand a few of us would be glad to see the UK go and join the US, then I'd get dual citizenship, life would be good.

  2. #22
    Quote Originally Posted by Shenron
    Guantanamo
    I personally feel Guantanamo was necessary. What were the other options? What would you have done to protect your citizens?

    Quote Originally Posted by Shenron
    Iraq
    What didn't you like about Iraq?

    Quote Originally Posted by Shenron
    Interest Rates crazy raise (started with the worst economist in the world, Mr. Alan Greenspan)
    That is actually an erroneous statement. It did not begin with Greenspan.

    Raising interest rates keeps inflation in check. The problem wasn't with raising the rates. The problem was with a large number of people who felt entitled to materials and lifestyles they couldn't afford. It teaches people to live within their means.

    More than anything, the housing failure stems from a decision made by Jimmy Carter to sign the Community Reinvestment Act (CRA) in 1977. The basic intent was to make housing available to minority owners. In essence, it forced banks to provide loans for high risk borrowers. This in turn created a thriving subprime loan market.

    In 1989, Bush Sr. increased government oversight of the process of issuing CRA ratings to banks. Sadly, this wasn't enough.

    In 1992, Clinton signed the Federal Housing Enterprises Financial Safety and Soundness Act. This forced the two largest lenders in the US (Fannie Mae and Freddie Mac) to allocate a large percentage of their lending to high risk borrowers.

    This was the turning point. The fall of interest rates plus the increase of predatory loan behavior made Carter's original act and Clinton's fascist decisions a breeding ground for a large scale housing disaster.

    Interest rates climbed (as they do). It is time to pay the piper. This happens when people try to cheat the system. There are laws to prevent this, but who's going to prosecute that many people?

    This could have been fixed by Bush, he was warned in 2002, but this is by no means his fault. He rolled with it.

    Ron Paul made several statements about this before Congress. They chose not to listen.

    So people are defaulting on loans. The banks are hurting. The people are hurting.

    Tell me how this was caused by Bush?

    Quote Originally Posted by Shenron
    BTW... where's that plane that hit the pentagon? (more fuel to the fire )
    Conspiracy theorist or just funnyman?
    (

    Diet Fads

  3. #23
    Quote Originally Posted by Mr.Bill View Post
    That made me laugh. Though Mexico might not be a good choice since California is out of money and giving IOU's for tax refunds I say we give it back to Mexico
    Hey now! There's gold in them thar hills.
    (

    Diet Fads

  4. #24
    The media did a great job didn't they. Got to give credit where credit is due.


    Quote Originally Posted by elbandelero View Post
    Oops, stirred up a hornets nest didn't I?

    Not being American I only see the effect Obama is going to have on international relations, which I believe will be better and less partisan than under Bush.

  5. #25
    Quote Originally Posted by Shawn View Post
    The media did a great job didn't they. Got to give credit where credit is due.
    Indeed.
    (

    Diet Fads

  6. #26
    Today is a great day indeed...The dude is out of the White House...Hooray...
    We are doing a party today, with fireworks. Not for Obama, most welcome, but because the other one is leaving, at last...
    Cabins Renta
    New & Free Bitchylife.com widget is ready !
    7 methods to create free PVAs at 7pva.com

  7. #27
    The "White House" today was converted to the "Black House"

    lol

  8. #28
    Quote Originally Posted by elbandelero View Post
    As an outsider looking over the Atlantic towards America and seeing a potentially brighter future with a new president, I just want to congratulate the Americans here on the new era dawning for you.

    Hope it works out for the best.
    As do I. I'm not too optimistic given the direction of our House and Senate and the past actions of people like Pelosi and Reid. All I see is more of the same, except this time with an "Approved" stamp on it.

    Hopefully I am wrong.
    Jer - OWNER HostDrive.Com and HostingLizard.com

  9. #29
    Quote Originally Posted by Mia View Post
    As do I. I'm not too optimistic given the direction of our House and Senate and the past actions of people like Pelosi and Reid. All I see is more of the same, except this time with an "Approved" stamp on it.

    Hopefully I am wrong.
    If you're wrong, I'll move back to the US.
    (

    Diet Fads

  10. #30
    Quote Originally Posted by m42 View Post
    If you're wrong, I'll move back to the US.
    Why? Singapore is a nice place and very close to the beaches in Thailand, and you can probably live a better life there than back in the US

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