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FIND YOUR DREAM HOME OR APARTMENT
We did try to vote the rotten mess 'out of existence.' Twice.
First, by giving Obama a resounding victory in 2008, and then by giving him another decisive victory, this year.
The problem is that the Repugnicans are all so beholden to the big banks, they have stooped to the unprecedented use of the filibuster, to block any true meaningful reforms.
There is blame to go around in regards to the mortgages that were, one could say ordered, but remember where the direction to give home loans to unqualified buyers came from. Barney Frank and Chris Dodd (both Democrat) came up with the scheme that pushed the banks down the path of insolvency. They wrote out the direction and the majority Democrat Party made it law! GW just signed it and then was crucified by the Democrats when the banks collapsed. GW presided over a majority Democrat Congress the last two years of his 2nd term. The only blame I give him is that he allowed the Democrats to run amok with their SPENDING programs that ran the banks down the tube.
Democrats have the uncanny ability to run up huge deficits and then blame it on the Republicans. Even more amazing is how the Democrats can continue to borrow and spend and even raid the Social Security coffers and still are successful in blaming the Republicans. Yet in all this political gaming a Democrat president can run this country into a hole and come out free of any blame.
Instead of looking at what the country can give you, look at what you can give the country. There have been times when the Republicans have lowered taxes and at the same more Americans had a job. The taxes generated from payroll taxes and the spending that consumers had done did more to raise the government income than any tax hike.
We should push the rich to invest their money into businesses that employ more workers so that more people can afford a home. Tax the rich and they will just move, and then you wonder why our corporations run overseas to make their money. When you keep putting more and more in a jobless, welfare like society there are only two choices; get the rich to create more jobs or tax the hell out anyone who has a job to feed those who don't have one. When there are more jobless than there are those with jobs taxes can only up on all to pay for the jobless. Stop blaming GW and look at what the Democrats have given us.
loans to default.
Translation: 3% down, 5% down - much higher risk of default. If you don't have the discipline to save for a down payment, you don't have the discipline to own a home. RENT.
