Was anyone suprised?

[Rich Z]

Originally Posted by Guro305

Anyone else think it's a coincidence that the stock market crashed two days in a row after Lord Barry was elected?

Well yeah..... When there is talk of taxing HEAVILY the "rich" and "rich" may be defined as making $125K+ per year, yeah, that makes people REAL nervous. That basically means MOST business owners. Tell someone that their reward for working harder is going to be having to pay MORE to support those who don't work at all, well yeah, they are going to be thinking "wtf? Why should I work this hard then?"..........

So when the baby boomers are all going to start looking REAL HARD at early retirement, what is THAT going to do to Social Security?

[Lou G]

Originally Posted by Guro305

Z06Rocket, what you are referring to is the Community Reinvestment Act which was actually enacted by Jimmy Carter back in 1977. It was revised by the Clinton Administration in 1995 because it was deemed as "not effective enough." It is the law that forced banks to give loans to people who shouldn't have them and it was backed by, you guessed it, Fannie Mae and Freddie Mac. The aformentioned told the banks like Nike, "Just do it! We'll guarantee the loans. And I'm sure it could've swallowed thousands of bad loans and it did. But millions of bad loans???? Look at us now!!!!!

You are right on the money. I retired from (at the time) one of the top five banks in the country. We had a department whose sole responsibility was to keep track of CRA mortgages. We were told which communities were under the CRA mandate and we had to, HAD TO, lend money for mortgages even though we knew that chances of payments being made were slim and none.
If we didn't follow their guidelines, we had the Federal Government all over us in addition to ACORN.

[Dick]

Excellent point with the small buisness owners. Of that $125k, a small buisness owner wont take that home- It all goes out in expenses.

Yeah it looks like you've taken in a lot on paper, but after insurance, employees etc, its far less. Obviously the line of work will vary what you keep and spend, but the point is the same.

Anyone want to get into his global warming policies?

[Rich Z]

Actually, I believe the best situation we could have in Washington DC would be to have a republican house, a democrat senate, and an independent president. That way almost NOTHING would be passed as new laws. Which is just fine with me. If you have a body of self professed demi-gods who have nothing else to do but to pass laws against us "little people", making that process as difficult and painful for them as possible would be best for us.

When they run out of REAL issues to pass laws against, then they have to make up crap.......

[floridaZ]

I think that it's funny when they see their role as controlling us, when they are meant to work for us. Sad kind of funny though.

And I'm with you Rich... no new law is a good law. The way I see it is that every law is a restriction of a freedom of some sort.

[Shadow]

Originally Posted by Guro305

Anyone else think it's a coincidence that the stock market crashed two days in a row after Lord Barry was elected?

Not really. The market has been so volitile in recent months for so many reasons that this doesn't surprise or concern me.

If it stays down, that would be a problem.

[Guro305]

Originally Posted by Shadow

Not really. The market has been so volitile in recent months for so many reasons that this doesn't surprise or concern me.

If it stays down, that would be a problem.

Yeah but if you noticed for the two weeks prior to the election as the polls narrowed and it was looking like the possibilty that McCain was going to pull it off, the markets somewhat stabalized.

It's like RichZ said, why should I put my money into a volatile market because you tell me I should and then also tell me you are going to tax the s#!t outta me when it does go up and I make some money. Hippy f@(king liberals!!!!!! It scares the crap outta me thinking of one party who has literally lost it's mind moving way to the far-left (socialist) is going to have that much power. It never works. If Repubs can't take back either the House or Senate in 2010, then it's see ya later for me. The only thing worse then living in a socialist society is living in a socialist society that amount of time plus one day.

I'll take FloridaZ with me to the Far East and live out my dream by starting my own stripclub. U.S. Navy Seamen and Marines, no cover!

[Shadow]

Originally Posted by Guro305

Yeah but if you noticed for the two weeks prior to the election as the polls narrowed and it was looking like the possibilty that McCain was going to pull it off, the markets somewhat stabalized.

It's like RichZ said, why should I put my money into a volatile market because you tell me I should and then also tell me you are going to tax the s#!t outta me when it does go up and I make some money. Hippy f@(king liberals!!!!!! It scares the crap outta me thinking of one party who has literally lost it's mind moving way to the far-left (socialist) is going to have that much power. It never works. If Repubs can't take back either the House or Senate in 2010, then it's see ya later for me. The only thing worse then living in a socialist society is living in a socialist society that amount of time plus one day.

I'll take FloridaZ with me to the Far East and live out my dream by starting my own stripclub. U.S. Navy Seamen and Marines, no cover!:thumbsup:

Hey beotch!! Wait for me!!!!

As far as the stock market though, I have to respectfully disagree.
Although I'm not a daily stock watcher, I do try to keep up with the market through other sources.

They never really stabilized for any length of time. They took short bouts, then dropped like a rock for one reason or another, then bounced like a rubber ball again.

I agree that too much power in one party is a problem and I don't care what party it is.

I was reading his website earlier. Some real radical crap going on over there. It gives little incentive for a person to want to go out and work hard or try to get ahead, and almost none for a business to want to try to grow

If he gets his way untethered (no pun intended please), I won't be that far behind you....but I'm probably headed south......carribean south, probably an english, spanish or french held territory....won't need a vette, just a dune buggy

[Rich Z]

Yeah, Connie and I have talked off and on about just cashing out everything and hitting the road. Hmm, an enclave of ex-CorvetteFlorida USA refugees. Just sitting on a beach somewhere trading lies about how fast we used to drive our vettes.

[Dick]

Costa Rica's a nice place.

How about the way McCain and Palin were just torn apart by the media. Its rather sad the way Republicans are portrayed by the media.