1/3 Population of Puerto Rico Gets Food Stamps from U.S. Gov’t

[captain morgan]

There is an element of that. But reviews have shown that as many as 2/3 of the people who got sub-prime mortgages could have qualified for regular mortgages. And the simple fact is that the real estate bubble was just that. . . a bubble. Plenty of blame to go around everywhere.

My beef, which is with Bush and Obama equally, is why did they use taxpayer money to prop up these banks? And if they were to do it at all, why didn't they make the bailouts conditional on cutting mortgagees more favourable deals?

Could it be because Bush, Obama, and their respective Treasury Departments and Congresses didn't give a rap about American homeowners, and were in it for the banks?

I don't disagree with your thoughts on this... My bone to pick rests on the unilateral blaming of banks for these woes. Sure, they are responsible for a chunck of this mess, but they also responded to the demand from the public.

Poor decisions were made all around by all parties (incl gvt) and objective analysis is needed if one truly doesn't want to go down this path in the future

 

[Cannuck]

Yup... But if I recall, the banks were going by the Feds mandate enacted years back under Carter, Clinton, et al to provide greater ease for people to access homes... That and the belief that the banks didn't hire gunmen to force people to assume mortgages in the first place.

...and the borrowers didn't hire gunmen to force the banks to provide these mortgages.

Look, you can make all the excuses you want but the fact remains, corporations that were mismanaged got oodles of money from the taxpayers. People can call it whatever they want but whether it's welfare payments to individuals or bailouts to AIG, they are both just wealth transfer schemes. The funny part is that people like you that pretend to be conservative, have no problem with government goodies as long as they are for the rich. Why is that? As an actual conservative, I question all government wealth transfer however, given a choice I would personally rather see my tax dollars go to a single mom with kids than AIG's CEO that mismanaged his company into the ground (I understand you believe the government allowed him to do it so that makes it OK)

 

[EagleSmack]

With free money, why would anyone work in America? - YouTube

This girl is right on target!

 

[Cannuck]

This girl is right on target!

Everybody is entitled to their entitlements. I just wonder why some folks gets their panties twisted over welfare moms and then make excuses for AIG execs.

 

[EagleSmack]

Everybody is entitled to their entitlements. I just wonder why some folks gets their panties twisted over welfare moms and then make excuses for AIG execs.

I think corporate welfare is worse. To me they are both stains to the tax payer. Bailing out a corporation is one thing... allowing them to still draw bonuses using taxpayer money is another.

And I wasn't to sold on the idea of bailing the corporations out to begin with.

So with that said... this woman was right on target. Why work? If you don't want to work you can have a middle to lower middle class lifestyle when you go on public assistance in the United States. You won't be rich but its not bad for doing nothing.

 

[Tecumsehsbones]

I think corporate welfare is worse. To me they are both stains to the tax payer. Bailing out a corporation is one thing...

Yeah, it's called socialism

allowing them to still draw bonuses using taxpayer money is another.

Not really. Once you've gone socialist, the bosses make damn sure they do OK. Dachas on the Black Sea, weekend houses in the Hamptons. No difference.

And I wasn't to sold on the idea of bailing the corporations out to begin with.

I wonder if you put half the effort into it that you put into decrying individual welfare.

So with that said... this woman was right on target. Why work? If you don't want to work you can have a middle to lower middle class lifestyle when you go on public assistance in the United States. You won't be rich but its not bad for doing nothing.

Yup. I still can't figure out why it's too much to require people to earn a living. Aside from "stunting their potential," that is. Their potential to do what? Watch cable?

 

[EagleSmack]

I wonder if you put half the effort into it that you put into decrying individual welfare.

Well then take a trip into the archives and you can see I was even more put off with millionaires still drawing their bonuses after they were bailed out. I applauded Obama for speaking out against that and giving the illusion that he was going to put a stop to it... and was equally disappointed with him when they did it again. Prepare to eat crow while you're at it.

 

[Tecumsehsbones]

MMMMmmmm. . . crow.

 

[EagleSmack]

I hope you like how it tastes because you're going to eat it.

 

[Tecumsehsbones]

I hope you like how it tastes because you're going to eat it.

Oooo, you're just so. . . so. . . manly! I love it when you get all imperative and stuff.

 

[EagleSmack]

Oh brother. Do you use lube when you're on CanCon?

 

[captain morgan]

...and the borrowers didn't hire gunmen to force the banks to provide these mortgages.

Look, you can make all the excuses you want but the fact remains, corporations that were mismanaged got oodles of money from the taxpayers. People can call it whatever they want but whether it's welfare payments to individuals or bailouts to AIG, they are both just wealth transfer schemes.

But the home owners that got in waaaayyyy over their heads managed their individual finances perfectly?

Like has been said over and over again, there are many parties that need to assume their share of the blame.

PS - Just love the part about borrowers 'forcing' the banks to provide mortgages... Do you also blame McD's and KFC for operating their businesses too? You know, 'forcing' all those people to clog their arteries

The funny part is that people like you that pretend to be conservative, have no problem with government goodies as long as they are for the rich. Why is that? As an actual conservative, I question all government wealth transfer however, given a choice I would personally rather see my tax dollars go to a single mom with kids than AIG's CEO that mismanaged his company into the ground (I understand you believe the government allowed him to do it so that makes it OK)

It wouldn't have bothered me one bit had the gvt let the banks go titters.... But you do understand that it would have amplified the foreclosure rates and upped the unemployment, right?

You do understand this, right?

I just wonder why some folks gets their panties twisted over welfare moms and then make excuses for AIG execs.

Does octomom have a hard contract in place that outlines the bonus structure they may receive?... And not a 'social contract', I mean a legal document, signed by all parties, that details the equation upon which the bonuses are applied?

 

[hunboldt]

EagleSmack;[/B]1744808]Oh brother. Do you use lube when you're on CanCon?

smack 4 (sm

k)n. Slang Heroin.

[Probably variant of smeck, from Yiddish shmek, a sniff, swell, from shmekn, to sniff, smell, from Middle High German smecken, smacken, to smell, taste, from Old High German smac, smell, taste.]

Personal preferences are off topic, Mr. -'SMACK'

 

[EagleSmack]

smack 4 (sm

k)n. Slang Heroin.

[Probably variant of smeck, from Yiddish shmek, a sniff, swell, from shmekn, to sniff, smell, from Middle High German smecken, smacken, to smell, taste, from Old High German smac, smell, taste.]

Personal preferences are off topic, Mr. -'SMACK'

I'll have what this guy is drinking.

 

[Tecumsehsbones]

I'll have what this guy is drinking.

Given all the High German references, probably some truly epic beer.

By the way, I don't need to check the archives. If you say you came out against the bailouts, that's good enough for me. We disagree on a lot, and we don't get along real well, but you're no liar.

That was a compliment. Credit where due.

 

[BaalsTears]

If the people of Puerto Rico had any self respect they would seek independence.

 

[Tecumsehsbones]

If the people of Puerto Rico had any self respect they would seek independence.

Many do.

 

[petros]

But the home owners that got in waaaayyyy over their heads managed their individual finances perfectly?

Banks knew damn well that the building frenzy they created would overinflate the housing markets with people losing the shirts off their backs and thousand of contractors folding while in the end they get the houses and the all the construction equipment and all the land once held by developers. They are also the ones who are responsible for all those people being on welfare while they (banks) got bailed out and paid themselves bonuses for being asssholes of epic proportion.

 

[EagleSmack]

If the people of Puerto Rico had any self respect they would seek independence.

From who?

They are not a state and they get "bookoo dolla" from Uncle Sam.

 

[Cannuck]

Yeah, it's called socialism

Nope.

FrontPage Magazine - What is American Corporatism?

But the home owners that got in waaaayyyy over their heads managed their individual finances perfectly?

Like has been said over and over again, there are many parties that need to assume their share of the blame.

Of course there is blame to be shared. That doesn't change the fact that corporations got loads of cash from the taxpayers.

PS - Just love the part about borrowers 'forcing' the banks to provide mortgages... Do you also blame McD's and KFC for operating their businesses too? You know, 'forcing' all those people to clog their arteries

LOL...re-read the quote. If you are going to quote me and try and make a smart-*** comment, maybe you should take the time to understand what you are quoting.

...and the borrowers didn't hire gunmen to force the banks to provide these mortgages.

It wouldn't have bothered me one bit had the gvt let the banks go titters.... But you do understand that it would have amplified the foreclosure rates and upped the unemployment, right?

You do understand this, right?

Of course, everybody has their excuse....er...justifications for handouts.

Does octomom have a hard contract in place that outlines the bonus structure they may receive?

Has octomom mismanaged millions of dollars?

Look...I get it. Your fine with corporate bailouts but hate welfare moms. I truly do get it. My initial response was to a poster that seemed to indicate that corporate welfare did not exist. Even a conservative pretender like you has to at least acknowledge that it does. You do acknowledge that much?