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Old 02-20-2009, 01:37 AM   #1
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Default Outrage over Obama's Stimulus "Scheme". . .

Santelli's Chicago Tea Party

CNBC's Rick Santelli and the traders on the floor of the CBOE express outrage over the notion they may have to pay their neighbor's mortgage, particularly if they bought far more house than they could actually afford, with Jason Roney, Sharmac Capital.
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Old 02-20-2009, 01:47 AM   #2
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Default Re: Outrage over Obama's Stimulus "Scheme". . .

Yeah its bs.. Wisconsin is even worse, we have apartment complexes were people with low income dont have to pay any rent at all. Giving win to people who just fail
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Old 02-20-2009, 05:40 AM   #3
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Default Re: Outrage over Obama's Stimulus "Scheme". . .

ummm, yes, I have to say that I completely agree with this.

Fair enough, offer people accommodation, let people live in houses and not be homeless but really, paying peoples mortgages for them? I really disagree with this, if you can't afford your own house then go to state owned houses with reduced rent,

if you can't afford to own your house then don't own a house, don't expect to be able to keep a valuable asset and get it paid for by everyone else.

the same is meant to be happening here, Gordon Brown has made a promise that nobody should loose their house as a result of loosing their job.

which sounds fine when you;re thinking about people just wanting to meet their basic needs. though I was watching a documentary the other day and there was a woman on it who'd lost her job. now she's complaining that the government isn't coming through fast enough to help her pay for her £360,000 mortgage. what do I think? to be quite honest, I don't care,
she WAS a company director, and on a company directors salary, now she's lost her job and lost that salary. solution? sell your house and get a smaller house get a house and mortgage that you can actually afford, go to the bank and get your loan amount checked and re-worked, don't just live on handouts.

yes, there is a recession, global recession in fact, it is likely that this may turn out to be a massive depression, possibly global, but it's not going to last forever, and I wish that governments would legislate in this way, instead of promising to pay peoples mortgages for them for however long this lasts, (possibly five years? as a guess) try to persuade the banks through financial insentive to get them to offer re-financed or reduced payment mortgages, instead of saying that person can't afford £1000 per month, so we'll pay it for them, get the banks to say instead of paying 1000 per month for the next 20 years pay 500 per month for the next 5 years, then pay 1000 per month for the next 17 or 18 years after that.

that way the banks still get their money, you still keep your house, you still pay for your own house, and you can afford to do that in the long term.


giving people handouts is just encouraging people to live beyond their means whilst making the people who are sensible enough not to live beyond their means pay for it.
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Old 02-20-2009, 04:16 PM   #4
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Default Re: Outrage over Obama's Stimulus "Scheme". . .

people think they have the right to so many things that are actually privileges.

If this turns into a full blown depression it will be a nice wakeup call.
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Old 02-20-2009, 05:13 PM   #5
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Default Re: Outrage over Obama's Stimulus "Scheme". . .

a "depressing" refresher for the country.... no pun intended.
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Old 02-20-2009, 05:42 PM   #6
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Default Re: Outrage over Obama's Stimulus "Scheme". . .

Sounds like socialism to me.
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Old 02-20-2009, 05:50 PM   #7
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Default Re: Outrage over Obama's Stimulus "Scheme". . .

Quote:
Originally Posted by David Lindon View Post
Sounds like socialism to me.
http://www.computerforums.org/showpo...9&postcount=93
http://www.computerforums.org/showpo...8&postcount=97
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Old 02-20-2009, 05:53 PM   #8
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Default Re: Outrage over Obama's Stimulus "Scheme". . .

I actually thought he would be good for America, early signs not so good.
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Old 02-20-2009, 05:58 PM   #9
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Default Re: Outrage over Obama's Stimulus "Scheme". . .

I thought he would be good too. So far, I'm wrong.
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Old 02-20-2009, 09:13 PM   #10
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Default Re: Outrage over Obama's Stimulus "Scheme". . .

I didn't think so from the start. lol So many arguments about it back then.

Well see how it goes. In the Air Force we are so short on people for Aircraft Mechanics it's not even funny. They got me working over time probably because we can't afford to pay everyones labor :/

Anyways, I really don't why people like the thought of socialism, it just doesn't seem right...
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