Forum Post: If you vote for Obama there will be more of the same "gridlock
Posted 11 years ago on Aug. 2, 2012, 4:29 p.m. EST by SteveKJR
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This content is user submitted and not an official statement
Think about it - you know as well as I if the Obimination is re-elected there will be more of the same.
Why you ask - because the Republicans will be in charge of the House and the Dems will continue to be in charge of the senate.
Even if that changes with the Republicans taking over both the House and Senate the Obimination will veto everything that comes across his desk.
So you decide - do you want more of the same with the Obimination or do you want change by giving Romney the opportunity to work with both the Republicans and Dems.
Remember this isn't going to happen if the Obimination remains in office - you can take that to the bank -
Romney? US President?
Romney is worth about $300 million on paper. If he is the least bit practical he is earning 1%, a nominal rate for a high yield CD today, on $300 million which is $3 million simple interest. The US President earns a $400,000 annual salary, along with a $50,000 annual expense account, a $100,000 nontaxable travel account and $19,000 for entertainment. The most recent raise in salary was approved by Congress and President Bill Clinton in 1999 and went into effect in 2001. Romney would make more money in retirement living off of the simple interest from his fortune than being US President. Obviously, a multimillionaire running for US President is almost as ridiculous as a multibillionaire running for Mayor of New York City. It only makes since if there is a scheme to make much more than the interest earned on all accounts. There should be reason to believe that the interest on Romney’s interest pays more than the salary of the US President. Romney would be wasting his time sitting in the White House for 4 years. Americans should be insulted that a charlatan that has achieved enough wealth to live independently would enter public service, when he hasn’t demonstrated any inclination to offer his services and business acumen to any of the 50 states to support job creation or education during this recession, or created a program to accomplish this on his own without government intervention.
Has the government prevented Mitt Romney from using a hypothetical $3 million simple interest on his wealth from creating jobs in any of the 50 states? He hasn’t said so. He and the thousands of other multimillionaires aren’t doing enough on their own and Republicans and Tea Partiers are blaming the government for being in their way. This is the kind of fuzzy logic that Republicans have used to do nothing more than sell out the middle class.
January 3rd, 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee. The economic meltdown that happened 15 months later was in what part of the economy? BANKING AND FINANCIAL SERVICES! THANK YOU DEMOCRATS (especially Barney ) for taking us from 13,000 DOW, 3.5 GDP and 4.6% Unemployment...to this CRISIS by (among MANY other things) dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac FIASCOES! (BTW: Bush asked Congress 17 TIMES to stop Fannie & Freddie -starting in 2001 because it was financially risky for the US economy). Barney blocked it and called it a "Chicken Little Philosophy" (and the sky did fall!) And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac? OBAMA And who fought against reform of Fannie and Freddie? OBAMA and the Democrat Congress, especially BARNEY !!!!
So when someone tries to blame Bush... REMEMBER JANUARY 3rd, 2007.... THE DAY THE DEMOCRATS TOOK OVER!" Bush may have been in the car but the Democrats were in charge of the gas pedal and steering wheel they were driving the economy into the ditch. Budgets do not come from the White House.. They come from Congress and the party that controlled Congress since January 2007 is the Democratic Party. Furthermore, the Democrats controlled the budget process for 2008 & 2009 as well as 2010 & 2011.
In that first year, they had to contend with George Bush, which caused them to compromise on spending, when Bush somewhat belatedly got tough on spending increases.
For 2009 though, Nancy Pelosi & Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office. At that time, they passed a massive omnibus spending bill to complete the 2009 budget .
And where was Barack Obama during this time? He was a member of that very Congress that passed all of these massive spending bills, and he signed the omnibus bill as President to complete 2009. Let's remember what the deficits looked like during that period: If the Democrats inherited any deficit, it was the 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years, and the fourth straight decline in deficit spending. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets.
If Obama inherited anything, he inherited it from himself . In a nutshell, what Obama is saying is "I inherited a deficit that I voted for, and then I voted to expand that deficit four-fold since January 20th." There is no way this will be widely publicized, unless each of us sends it on!
" The problems we face today exist because the people who work for a living are outnumbered by those who vote for a living."
Bill Moyers Makes It Clear: Requiring An ID Is Voter Suppression And Unconstitutional
Eliminate gridlock - vote for Mussolini or any other corporatist
let the good times roll
and don't forget to zip up after you trickle down on the 99%
LOL - Sadly I think you got the corpoRATist's cheering.
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Correct it is now the corpoRATist party. Their motto - Profits at all cost. or Profit justifies the means or Profit over People or Damn the environment we need Profit or.......................Well you know as well as I.
Well you can be sure if the Obimination gets into office for a second term - there will be continuous gridlock. You can take that to the bank.
So you don't have to vote "republican" you can vote democrat but don't expect any change anytime soon.'
As a matter of fact what you can expect is more government spending trying to prop up a "false economy" with a "debt bubble" that is getting ready to burst just like the housing market bubble.
You can only shore up a falling wall for so long before it comes tumbling down.
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Republicans have been solely responsible for all the gridlock through the abuse of the filibuster and just general spoiled brat behavior.
Most of all republicans do not want the economy to improve while e dem is in office. The repubs are looking at extinction since it was their tinkle down theory, and tax cuts for the wealthy, with the expensive illegal wars that screwed everything up for the 99%. (but not for the 1%, they are doin fine oddly enough)
Elect progressives. Vote out pro 1% plutocrat politicians
I think you have been brainwashed by listening to too much of the Obimination. Where do you get your facts from?
From reality boss. And I don't recognize the offensive designation you use for our great President OBAMA.
Your disrespect shows your obvious right wing leanings. Therefore I dismiss your opinions. You do not support OWS, your do not support the 99%. You defend the criminal 1% plutocrats and their republican tools who have destroyed the world economy and continue to prey on you and your family.
What kinda fool supports the people who prey on them.? It's like the mouse defending the cat while the cat is eating the mouses children.
Wake up boss. We need you. Support your fellow Americans, Elect progressives, Vote out pro 1% plutocrat politicians.
lol
only the "right wing" calls obama "left wing"
Did I say left wing? I don't see that. I meant moderate.
that is also a mealiness term when speaking in terms of the linear left right paradigm which in itself only limits parameters
But the political spectrum hasn't been rescinded right? left? moderate? IDK. Whatever.
the paradigm is slowly being let go
I heard to expect gridlock in the congress but the outside world is starting not to care about these "fight"
They care. If & when the repubs refuse to increase the debt ceiling, we'll all see how much the world cares.
i don't think that they do
Who cares, who cares?
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What I do support is my country and understanding why it's going to hell in a handbag - and it's not because of "being wealthy" as a lot of you would like to think.
You don't have a clue as do the rest of the people who think people who are wealthy need to give their money to the people who aren't.
Well, it doesnt work that way - a recent survey showed that there are penty of jobs out there that are high paying but no one wants to do them because they might have to work instead of texting or facebooking during working hours.
So don't tell me I'm right wing because I decide to take a stand for people who are successful.
If you want to be successfuly yourself figure it out like millions of other Americans have without whining about others who are wealthy.
I've already been successful. HA!
I like wealth. And even like some wealthy people. I especially like the "millionaires for the 99%" and the group that supports higher taxes on the 1%. It ain't all wealthy people I have a problem with.
Only those that crashed the world economy, took 1 trillion in bail outs, lost 40% of our home value,created an unemployment crises going on 4 years and then foreclosed on Americans who were victims of all these crimes.
They took our money!. We want it back!. With interest! 29.99% interest thank you very much.
You and I disagree. You stand with the criminals. I advocate for the good, honest, hard working innocent Americans
Nobody took your money - did they reach in your pocket and take it - I don't think so.
You are forgetting there are the vast majority of people in this country are doing just fine financially - and they are not underwater because they made smart financial decisions.
It's only the ones who spent more then they were bringing in and put themselves in a "disatvantaged financial position" that caused them the greif and continously complaing about the "evil rich and wealthy".
NO! Some people middle/working class (and therefore vulnerable to the banksters scam) got caught up in the 1% plutocrat bankster con which was perpetrated over 5 years or so.
Therefore most people who got mortgages before that were fine. Anyone who was upper middle class and therefore not vulnerable also were fine.
Some who were just fine paying their bad mortgage failed because of the unemployment crises that the same 1% plutocrats created when they crashed the world economy.
So NO. You are mistaken. It ain't the victims fault it is the 1% plutocrat republican banksters fault.
Is that all you got?. This volley is tiresome. We ain't gonna convince each other. I support the good people. You support the criminal bankers.
now that is a really stupid comment
If the clown is re-elected then it will be worse than the first four years. I am not saying that Romney would be any better but anything is an improvement over the current administration
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They use expressions like "making the tough decisions" or "making the hard choices" or "making the hard decisions" and "making the tough choices" which translate into "screwing 1- the poor 2- the environment 3-the workers 4- the middle classes."
The President, the Courts and the Congress and Senate comprise the board of directors or maybe the executive committee of the one percent. Their jobs are to make the hard choices etc. When they are in a crisis and can't agree on how to make the tough decisions or in what order to do them this they call "gridlock." Their media and think tanks bemoan it. They can't get their game (against us) together. What's so bad about that?
Yes, gridlock is good when our enemies can't decide on how to go forward with their nefarious plans.
And if you vote for romney, consider yourself a serf living only at the whims of the rich... America will become a feudal society where the rich own all, and the peons (derived from the literal 'pee ons', which the the rich back in the middle ages did quite frequently on a lark to humiliate the poor and to reinforce their erroneous belief in their right to do such evil things) owe every breath they take and every morsel of food they eat to a rich "Lord's" opinion of whether you produced enough for him that day. The rich are owed NO deference or respect when the vast majority of the 1% have used unethical and immoral methods to gain their wealth, and the only reason it wasn't illegal when they did it, was because they themselves were the ones who unethically and immorally wrote and bought those laws allowing them to cheat all America and All Americans. So long as congress is filled with repugnacans who are nothing more than butt licking sycophants of the rich, or neonazi tearrists who want to weaken America so that it will be ripe for a white supremacists hostile takeover, or in native terms, a coup, America will never be able to repair the true meaning of the constitution. Freedom. Freedom does not mean you have the right to IMPOSE your ideology or beliefs on others. Freedom only allows you to have those beliefs and be allowed to live YOUR life according to those beliefs. VERY few things were supposed to be allowed to be imposed by the will of the majority to secure the right to life, liberty and the pursuit of happiness for all Americans. Laws were supposed to be created ONLY to limit the impact of others freedoms from impinging and imposing upon anothers freedom. Hence, laws made making murder illegal. But radical religious zealots who know nothing about freedom spend all their retarded capital trying to claim that someones elses freedom impinges upon their own. How a gay couple of any gender somehow impinges upon a religious morons right to marry a woman or man is so low I.Q. that there is no graph capable of charting the level of stupidity necessary to create such ideology. Yet, look at the levels of morons available to spout such nonsense. Incredible. The saddest part is, Americans used to enjoy knowledge and staying informed about the state of their country and how it affected their lives. Now they just listen to a lying politician who says "don't listen to the facts or truth, just trust me, I'll look out for your interests". And poof, the Lazy American was born who says " just don't take my t.v. and hot pockets and were ok. Wake up America, you don't have much time left to replace the true cancer in our government. President Obama is the only doctor not only willing to work on the patient to save life, but also the only one honestly INTENDING to save the patient; America. But he can only save the patient if he has the proper tools to do so... and that means a functioning and honorable congress, and right now that can only be accomplished by restoring a democratic majority to BOTH the house AND the Senate. President Obama got quite a lot done in the first two years. It was only when the repugnacans got control of the house that NOTHING got done in the Government. Americans are the only ones causing their suffering, because they were the ones who deliberately put these obstructing, unpatriotic despotic repugnacans into office. So long as Americans are too lazy or too stupid to find the truth and then use that truth to serve their nation by voting in leaders who will actually work toward the betterment of ALL AMERICANS lives, then they do not deserve to call themselves Americans. If they serve only their own interests, and not the nations, then they are, and should be considered, enemies of democracy, and by the standards of the constitution, enemies are found both in both foreign and DOMESTIC locales. America has always been a nation UNITED in common cause to for ALL. Considering the hate mongering psychos out there today, Unity is NOT what America stands for today. And for those who are paying attention to the TRUTH, it is the rich 1%ers who are creating this division. As the old saying goes "divide and conquer". The rich can afford to spread their lies far and wide, the poor cannot. Find the Truth America, you don't have much more time before civil unrest turns to something unseen for roughly about a hundred and fifty years: Civil War. Believe me, I fear greatly that this is the future that is fast coming upon us, and I pray that we all can solve this division before such a horror is ever visited upon us again, but considering the level of racist attitude still prevalent in America today, that hope is very thin indeed. Wake up, America time is short.
And just who created this division - the Obimination did - He spent 5 trillion to bail out banks and yet people are still wondering where the jobs are?
5 trillion in 4 years - If you divide that up among 300 million people we each would be fat and happy.
But no, he thought it best to bail out the banks and big corporations, yet failed to do anyting about bringing business back into this country by penilizing businesses that used foreign countries to make their products.
Besides, there is no loyalty towards this country anymore so what can you expect.
NO!
This derisive, divisive climate was created in the 90s by guys like Limbaugh and Drudge. They are who made "conspiracy theory" mainstream to their followers.
They were followed quickly by Murdock's FLAKESnews networks. Who actually went to court to prove it's alright to have absolutely no integrity as a news organization. They won and still show no signs of integrity.
I suppose you could claim the left had the Smothers Brothers, but they were mild satire, compared to stuff the "right" puts out today.
Today??
There's still idiot birthers out there on the "right", so don't even try and put this on Obama.
So his continued bashing of the wealthy and his continous mouthing about "wealth distribution" is not devisive?
His continued bashing of Romney because he is a millionaire is not bashing the wealthy is it?
From a man that has never run a business a day in his life, a man that has NOT produced anything with his bare hands where does he get his credentials to criticize successful businessmen?
You should at least make a token effort to respond to what I said.
Are you a follower of the teabagg(R) internet plan?
I've seen the video, you are following it pretty well.
The wealthy crashed the world economy. It would be wrong to not "bash" them. Repubs don't bash them because they are bought and sold by the 1% plutocrat criminals.
Remember?
No, the wealthy did not crash the world economy. The people of this country are the ones who are the cause of this - they let it happen by not being attentive to what was going on in Washington DC.
Votes do count, you know and the vast majority of people in this country don't vote - so they get what they deserve.
Oh it's our fault 'cause we weren't watching. huh?
And if my bankis robbed it isn't the bank robber who is to blame but I am?
You know your logic is ridiculous right? Your joking right?
Republicans always blame the victim in order to avoid helping anyone.
So greedy and selfish (very unchristian). In this case republicans try to blame the victim because the real criminals (1% plutocrats) are the republican base.
LMFAO
You know let me educate you about how knowledgeable people are in this country.
On 4th of July a news media sent reporters out on the streets to ask questions of younger people about the history of this country. Only 20% of the total were able to get at least one question right when it came to the constitution, who George Washington was, what the Decloration of Independenc was and a host of other questions dealing with naming todays politicans.
What does that tell you - the vast majority of the younger generation is out of touch an haven't a clue about politics.
Irrelevant.
The smartest guys in the room during the mortgage closing screwed the country with their reckless, irresponsible, unethical, greedy, selfish.banking practices.
You wanna try to pass the blame to the young people today. There ain't no length you won't go to to distract and/or defend your 1% plutocrat republican criminals.
Sorry it ain't the kids fault.
But...
It is the republican 1% plutocrats fault that our children aren't taught critical thinking. It is part of their plan to keep the people ignorant in order to scam as they did in this last debacle.
Hows 'dat.? Sucka! tryin to blame the children. In the end sir have you no shame?
Hey, the younger generation have no loyalty towards this country - they don't even respect themselves let alone other people.
The want everythin handed to them thinking its owed to them because they had to go to college for 4 years or because they were taught to believe that by the government schools and government colleges.
A recent survey showed that 28% unemployment exists among the youth between the ages of 16 and 26.
In addition to that, businesses are now hiring older people to work for them because they know they will get them to work without wondering if they are going to waste their time texting or facebooking rather then working.
Surveys have shown that the younger generation want to be able to text and facebook while working - what does this tell you.
I wouldn't hire someone because of that knowing that I would have to cointinually check on that person to see if they were doing theri job.
That's what's todays younger generation is about -
Sick offspring of a sick society - But put blame where blame is due - TPTB in society.
The 1% plutocrat republican ARE the problem. Not the homeowner victims who lost their homes & life savings & not the younger generation.
Give it up.
You're spent. You got nothin left. This is just boring now.
Hey you have an option - if you don't like what's going on in this country move to a country where they get everything from the government - that should solve your problem about the 1%
This is MY country. I will not give it up to the 1% plutocrat criminals who have stolen it and who you defend.
Put those criminals in jail. Take all their money and pay done the national debt they created.
Once they are destitute we can send them out of the country since we shouldn't have to pay for their incarceration.
Howsat?
Give them licenses to drive taxis in NYC. They should make themselves useful and learn humility.
LOL. As long as we don't hurt the current taxi drivers. They have a very dangerous job and even though it's expensive to take a cab they don't make that money. Mainly the owners make the money.
But I'm with you.
Solidarity
Really, I think if you were to move to a different country, this nation would rise to beautiful prominence again, and once again be a shining example of what democracy could be when truth and justice are the motive to shape a society so that it acts MORE like a community. I doubt you even know the difference between the two. Oh, and the rich already stole from the American people by getting legislation passed that allowed them to NOT pay their fair share, then they tanked the economy with their malfeasance on wall street. Way I see it, the 1% owe a sh...load of back taxes to the American People. The 1% broke the economy with their crimes, thus justice warrants that they are the ones who should pay to fix it.
SteveKJR says "Surveys have shown that the younger generation want to be able to text and facebook while working - what does this tell you."
That businesses and sycophants like you have managed to convince the kids that they cannot live without them, so that businesses can get rich off the stupidity of kids buying a product that will be soon obsolete in a few weeks, and need to be replace with the new model. The Criminals are not the kids, but the profit whores of wall street.
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No it tells me that people like you have managed to tell enough of those youngsters enough FALSE history and lies about actual events, and then continued to force feed them those lies until the stupidity stuck to the youngun's like a second skin, and then people like you continue to tell them they don't need to seek the real truth, they're just supposed to take your, shall we say rather undereducated, word on it. I mean damn, you can't even spell Declaration of Independence right. You are a sycophant of the koch's and the repugnacan agenda. That is why the koch's have been attacking the education system and have been having idiots like gov. Jindle taking our tax money to pay private schools so that those morons can teach our children that the world is only a few thousand years old and that like the flintstones, we humans used to live side by side with dinosaurs. Any moron who really believes that ocean deep bullshit really does need to be sterilized before they contaminate the rest of humanity... what's that... oh too late, there are already too many of them to repair the irreparable harm that has been done to their intelligence, all so a few rich assholes could get just a "little" bit more rich. They'll never be able to spend all the money they have, yet like the killer plant in the Little shop of horror movie, they yell "More, More, More" as they consume the blood of those around them. If you claim to be christian, they obey this parable of his "first pluck the speck from your own eye, before you try to pluck the speck from your brothers" In other words, look for the truth yourself, don't try to make others see what "you" consider the truth. Let them seek it themselves. Oh and stop burning history books, and maybe kids will actually have a chance to learn the truth about themselves and the history of their country...which I'm sure you know, is FILLED with racist terrorism (by white men in a little to do they called slavery but of which a few white men would like it to simply be remembered as the Black mans choice of an alternate lifestyle), attempted genocide on multiple continents, including our own (by white men, you know roughly beginning with the eradication of the NATIVE TRIBES of this continent, and if I recall they called it 'Manifest Destiny'), coupled with the white man's moronic belief that he OWNED the land..no one can own the land, or the tree with fruit which nature provided for ALL life to take from. But white men have always been more extraordinarily selfish than almost any other race on earth. By the way, THAT is a documented and studied FACT. Oh and before you go there, I am maybe 3/5ths white, the rest is pure Native American, of which I solely Identify. I am 45 years old, and one of the few lucky ones of my generation to not only have access to a great education, but also spent the rest of my life seeking out knowledge to broaden my mind with truth, and never to take any idiots words on FAITH. The vast majority of people will tell you any lie so long as they can get something out of you...I know, cynical..believe me, it was hard earned and won cynicism...that's why I know a troll when I hear one.. so go back to your 1% masters troll. Not everyone is stupid enough to accept your lies for some form of logic. Intelligent debate and exchange is something all humans should aspire to have. Trolls like you just taint the enjoyment of those who engage in knowledgeable and logical conversation. Your verbal pollution in these discussions is something I wish the EPA covered under their charter. And I thought smoking was bad for people's health... Like VQkag2 said, you make me LMFAO with the level of inanity you spout with your every breath, get a tic tac will you? and go away!
5 trillion to bail out banks? thats not true.! Repubs & Bush created the banking crises, the tarp law, and signed it. THEY bailed out the banks with almost $1trillion.
Remember?
Obama, McCain and Bush 2 (shrub) united to support TARP. Remember?
http://www.youdecidepolitics.com/2008/10/01/obama-mccain-both-vote-yes-on-senate-bailout-bill/
Tarp was a conservative policy created by Bush, with the 1% plutocrat banksters who threatened to stop all lending.
They mugged us!
The Dems had no choice. That was republicans plan. What could dems/progressives do? They tried not passing the tarp. and the stock market crashed. Remember?.
But the dems got changes from the repubs and the banksters. Small changes. They cut the amount that the banks got, they insisted on being paid back, and they included some dem constituents, (GM, Chrysler, others) and they submitted.
The Dems WERE smoked. It was done right before the election to assure that all pols would be afraid to be blamed for the economic crash.
The repubs were evil geniouses. Obama supported it yes. We were mugged, we were smoked.
Thats what I remember.
This is why the system is beyond reform from within. It is now set up so that even if Democrats want to be progressive they can't do anything right. Just to get rid of tht ridiculous 60 vote rule in the Senate will take a revolution.
The 60 vote rule should change. we must agitate for that. Also the electoral college. If we say the "system is beyond reform" we are giving up.
We can't surrender because then the right wing will run over us. No matter how corrupt the system is or how bleak the situation looks, we must fight on. If it means we are defeated so be it.
It is better to die on your feet, than live on your knees.
Lets create a new system of govt. From the ground up, horizontally, with real direct democracy. That IS a form of fighting back. While we do that, and until it exists. We MUST make an effort to keep this corrupt system from getting too for right wing.
It may be beyond reform, but we can attempt to keep the right wing at bay, and maybe even lay the ground work for the new system.
No?
Peace. Good luck in all your good efforts.
I am not for "giving up." Insanity has been defined as doing the same thing over and over even though it never works. This means that OWS and the progressive movement has to take stock of what's been done, how has it worked, and if need be how other tactics and strategies can be explored. For my opinion part of that means there needs to be a participation in the election not so much for Obama but to defeat with the votes of the people the Koch brothers, Sheldon Adelson, the racists in the Tea Party and the racist Mormon cult. This would go some distance in reducing the power of money in politics. It would create a progressive momentum.
I agree 100%. Our system is corrupted beyond repair. But because it still exists we must not abandon it to the right wing.
The future will not be just doing the same thing we have (einsteins quote) because OWS and other progressives are waking up. We need to make some progress on a new system of governance. I am anxiously watching & agitating for that.
In the meantime, the in between time we have a responsibility ti stop the Kocheads/limbaughs/neocons, and maybe lay some ground work to facilitate a revolutionary, evolutionary, governmental change.
That it isn't easy, certainly not guaranteed, but worth the effort because the only other way I see is violent uprisings, Bloodshed, fear, & darkness,
Peace!
And who was in charge of that 1 trillion even though it was passed on Bushes watch?
With regard to the banking crisis it was the government who caused that debachle through the "communitiy reinvestment act" forcing banks to give loans to people knowing that they could never afford to pay them back.
Bush on 6 occasions over his time in office wanted to change the way banking was handing out loans like candy but Barney Fiefe fought against it and nothing was never done because of the resistance.
Oh the poor banks were forced to make bad loans by the govt. LMFAO.
That is rich! No, the banks have had the responsibility to verify loan worthiness, nobody changed that reality. The 1% plutocrat banksters are responsible for reckless, irresponsible, criminal behavior. Period.
Republicans responsibility is in trumpeting, and passing the conservative policies that the 1% plutocrats told them to pass.
I don;t give these criminals a pass. You can defend these criminals. I stand with their victims, the 99%, the good honest hardworking Americans who lost their homes ( or 40% or their home value) and their life savings. While the banksters you defend got away with the loot.
Follow the money. It was a scam. A con. And now the repubs are squealin like stuck pigs to try and cover for the criminals.
What a joke.
Let me enlighten you although this has been going on since the conception of the Community reinvestment act it continues:
July 27, 2012
Fair Lending in 1994 that kicked off Attorney General Janet Reno’s draconic enforcement of the Community Renewal Act. Part of the policy statement reads, “Applying different lending standards or offering different levels of assistance to applicants who are members of a protected [i.e., minority] class is permissible in some circumstances.
Providing different treatment to applicants to address past discrimination would be permissible if done in response to a court order.” There are already plenty of court orders sitting around
Just two weeks ago Wells Fargo caved to a Justice Department offensive and paid $175 million for alleged past discriminating against minority borrowers.
All this occurred even though the bank received an “outstanding” grade in its most recent Community Reinvestment Act exam.
The government did not even bother to prove discrimination in a single instance but relied instead on statistics showing lower rates of homeownership in minority neighborhoods.
Thomas Perez, the Justice Department honcho who is spearheading this campaign, says banks discriminate “with a smile” and “fine print” and are “every bit as destructive as the cross burned in a neighborhood.”
Nice objective evaluation there.
As in most such cases, Wells Fargo chickened out about going to court and refused to admit any wrongdoing but agreed to all kinds of diversity training and sensitivity counseling.
The bank will have to “prominently display” a notice informing minority customers that they cannot be turned down for loans just because they are receiving public assistance such as unemployment benefits, welfare payments or food stamps. (Maybe they can even use food stamps for the down payment.)
Wells Fargo must provide minority customers $50 million for down-payment and closing-cost assistance, including “Borrower Assistance Grants” of up to $15,000 per individual.
It was also ordered to pay $125 million to as yet unnamed victims of previous discrimination.
But get this! If those past victims don’t show up, the money must be handed over to community organizing groups.
So expect another "housing bubble" coming to a neighborhood near you.
Sounds good to me boss. Every single bank has been involved in some kind of red lining discrimination. The penalty ws too small. Should've put those racist muthafuckers out of business. Right? take their money and give it to the poor people. See how quick the racism stops.
So you want me to believe the the govt made the banks give bad loans?. Forget it. I've been following this issue for years. Banks were not forced, They always had the ability to refuse. They certainly didn't have to give bad loans to minorities who qualified for good terms. They didn't have to use robo signed foreclosures when they didn't hold the deed. They didn't have to bundle bad loans and have than rated as good. They didn't have to use insurance to eliminate their own risk, allowing them to pursue reckless, irresponsible, unethical practices.
You ain't kiddin' me boss. the racist 1% plutocrat bankers got away with the loot.! The people lost their homes and their life savings as a result of the bankster scam/con.
You stand with the criminals. I stand with the good, honest, hard working, innocent American home owners.
Based on your answers you are in denial about what happend. Right now people can get refinancing on their property without having to have an assessment on the value of the property.
I guess that's the banks fault for having to do that even though the government requires them to do it and also will "back the loan" should the person borrowing default.
So, I guess we can also say they are going to be the one to cause the person to lose their homes because they owe more then the property is worth when six months from now they can't afford to make the payments.
Blah Blah Blah. Wha Whah Whah.
I ain't in denial. I support the people, You support the banks. I support the mice. You support the cat eatin your children.
LMFAO
Give it up. You been smoked. You've been dispatched. You are dismissed.
[Removed]
People need to support good ideas rather than political parties. I think the Debt Neutrality Petition is a good idea. You can learn more at http://www.change.org/petitions/congress-create-debt-neutrality-rights-for-paying-down-credit-cards-student-loans
and at www.debtneutrality.blogspot.com
Debt Neutrality allows consumers to declare their debts "neutral", and to begin paying them off with no more interest rate charges, penalties or fees.
"GRidlock" is nothing more than electing people who have no intention of serving you. Stop hiring the same two companies.
this bullshit propaganda for Obama and Romney on this site is getting fucking annoying
OWS IS NOT A CAMPAIGN SITE FOR ROMNEY AND OBAMA
also Romney is a warmonger and a fraud
Lesser of two idiots is for......wait for it.....IDIOTS!!!!!!
Um....sorry...um . . . don't much care for most of your comments ......but let me help you out any way - { IDIOTS!!!!! properly should be IDIOT!!!!!} - your welcome.
(sound of rim shot)