• This is a political forum that is non-biased/non-partisan and treats every persons position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Foreclosures Rise, Repossessions Set Record

The Prof

DP Veteran
Joined
Jul 26, 2009
Messages
12,828
Reaction score
1,808
Gender
Undisclosed
Political Leaning
Undisclosed
News Headlines

US foreclosure activity rose in August from the previous month, and banks and lenders took ownership from homeowners at a record pace, according to a new report released Thursday.

Bank repossessions, often the final step in the foreclosure process after a home fails to sell at auction, increased about 3 percent from the month before to 95,364, a record high. At the same time the number of properties that received default notices—the first step in the foreclosure process—decreased 1 percent from a month ago and fell 30 percent from a year ago, a sign that lenders are focusing on their backlog of foreclosure inventory before tackling new distressed loans, according to foreclosure listing website RealtyTrac, which released the report.

Some comments

1. The housing collapse is what brought us here.

2. We can't get out until it stabilizes.

3. Yet, far from rebounding, far from finding equilibrium, the market is still sinking.

4. With no bottom in sight.

5. This is not news.

6. Market analysts for 2 years have been reporting their monthly assessments, all the same, all dismal, all forecasting further falls and foreclosures, 3 to 4 million more foreseen.

7. Nearly 1 in 3 US homeowners is underwater.

8. How many of them are unemployed or underemployed?

9. How many are small business owners about to be hit with a massive tax increase?

10. The White House, meanwhile, is witless.

11. Its relief efforts to bailout the subprimed have been universally panned as a "dismal failure" (Jackie Speier, who survived the Jim Jones massacre, tho shot 5 times, was the first I heard to call it such).

12. Half those HAMP'ed have already redefaulted.

13. The biggest beneficiaries of Obama's bailout are, by course, bigwig bankers.

14. These things are all intricately interrelated, you recognize.

15. Consumer confidence crashed in September.

16. Auto sales suffered their worst August in 30 years.

17. Our trade deficit is thru the floor.

18. And our oblivious Obama blithely babbles on about how we're all headed in the right direction.

19. How outrageously outta touch can an Obama be?

20. Ask James Carville, committed Clintonista.

21. Progressives plead, drop the pollyanna pitch.

22. Stick to TAXING THE RICH, they detail.

23. When it comes to our economy this executive is clueless.

24. Alinsky is all about politicals and socials, completely empty concerning ACCOUNTING.

25. The FOREIGN POLICY of the oblivious one is equally BEREFT.

26. SOCIALLY, he's as outta touch, it's fair to say, as an anti-colonial from Kenya.

27. CHRISTINE O'DONNELL expresses far more aptly the American heart.

28. Economically we are challenged, as a nation once great, to survive this alien incompetent's upside down policies.

29. Politically, however, he and his are roadkill.

30. Embarrassed yet?

The Prof

U.S. Foreclosure Filings Rise 16% as Bank Seizures Set Record - BusinessWeek

Foreclosures rise in July - Aug. 12, 2010

US foreclosures up 4%; top 300000 for 17th month on the trot | The Money Times

U.S. Foreclosure Filings Top 300,000 for 11th Month (Update1) - BusinessWeek

31% Say They Owe More on Mortgage Than Their House Is Worth - Rasmussen Reports™

Daily Kos: Mortgage Relief Progam a Dismal Failure

Few helped by Obama

Experts: Obama

Half of U.S. Home Loan Modifications Default Again (Update1) - Bloomberg

Banks to benefit most from White House program to help fight foreclosures - The Hill's On The Money

U.S. Consumer Sentiment Index Unexpectedly Declines - Bloomberg

Weak auto sales are latest sign of sluggish U.S. economy - Sep. 1, 2010

US posts widest trade gap in 20 months

What Democrats want Barack Obama to say - Glenn Thrush - POLITICO.com
 

Councilman

DP Veteran
Joined
Apr 25, 2009
Messages
4,454
Reaction score
1,654
Location
Riverside, County, CA.
Gender
Male
Political Leaning
Conservative
1. So much for the Summer of Recovery.

2. California unemployment rate is hovering around 12.3%.

3. The Cash for Clunkers was a major flop and caused a short blip is sales but now a year later car sales are well below last year. And it cost you and I $28,000 per car sold in this boondoggle.

4. More than a year after Congress approved $800 billion in stimulus funds, the Los Angeles city controller has released a 40-page report on how the city spent its share, and the results are not living up to expectations.
"I'm disappointed that we've only created or retained 55 jobs after receiving $111 million," said Wendy Greuel, the city's controller.

5. Federal tax cuts are going to go away because of the Liberals, being stupid. A typical family of four with a household income of $50,000 a year would have to pay $2,900 more in taxes in 2011, according to a new analysis by Deloitte Tax LLP, a tax consulting firm. The same family making $100,000 a year would see its taxes rise by $4,500.

Does any of this sound like a recovery or the frugal use of stimulus money or good ideas to help us in a recovery? .
Hell no but it is typical for the way the Trifecta of doom Obama, Pelosi, Reid have come up with idiotic ideas have just not paned out worth a tinkers damn.

My State is going to die a slow and Painful death thanks to Jerry Brown's past reign as Gov. when he allowed the Unions to start the wrecking ball contracts that are bankrupting the State today and he has the gut's to claim he can fix it? Give me a break.

If it's the Trifecta of doom or Jerry brown come Nov. flush them down. :toilet:
 

The Prof

DP Veteran
Joined
Jul 26, 2009
Messages
12,828
Reaction score
1,808
Gender
Undisclosed
Political Leaning
Undisclosed
i too am a golden stater, lifer, and here's my take

californians have known for about ten years we are doomed, fiscally speaking, i mean

for a few of those first years we looked naturally to leadership in sacramento for solutions

ahnald called the seiu's and cta's bluff in the form of the super famous special election of 2005

they were scared of him, the media trembled, he'd just been elected to replace the disgraced, recalled gray davis

the gubernator put up FOUR props he personally prescribed, most excellently timed and framed---parental notification before minor abortions, teacher tenure reform, no union political contributions without prior approval by dues payers, spending limits...

the nurses gutted the gub, schwarz went 0 for 4

since then, we've seen nothing but cynicism, gridlock, throwing up hands

they leave town a lot

the point---californians, in my opinion, have completely given up on sacto to come up with anything remedial, there is nothing out here but antipathy for and disgust with our state capitol

also to be stressed---this sense of utter despair, politically speaking, has been the status quo here for many years

i just can't see this state going blue, hard as that is to see due to our demographics

but no way any of my neighbors, fellow schoolteachers, churchgoers, friends feel a fillup of faith for jerry moonbeam brown to offer up anything, y'know, real

in times like these

we'll see

in the senate, i can also tell you that barbara boxer's problem is she's a bitch

i wouldn't say that about difi, i couldn't, i'd be wrong, she's way too smart

can't say it about a lotta dem femmes

but boxer, i'm telling you, that's her rep

it's personal

she's never been in a difficult race, she's never been challenged

in may of 09, we had another special election, precipitated by the crisis that was our budget

6 props were up, the results held great meaning

1a would have increased the state's rainy day fund, paid for by a 2 year tax increase passed separately in assembly and dependent on 1a's approval---it failed, 35 to 65

1b was money for schools, also downed, 38 to 62

1c called for borrowing from future lottery revenues to blah blah blah---nope, 38 to 64

1d was a tobacco tax which was extinguished, 34 to 66

1e was a "one time" "reallocation of income tax" to allow the budget busters to blah blah blah---californians killed it, 34 to 66

1e was the biggie, it was billed as "pass or we'll fall into the pacific," ahnald was all over it

1f eliminated payraises for assemblymen and women, passed overwhelmingly, 74 to 26

that was 17 months ago, but then we're like greece, way ahead of the curve

big changes out here on the left coast
 
Last edited:

The Prof

DP Veteran
Joined
Jul 26, 2009
Messages
12,828
Reaction score
1,808
Gender
Undisclosed
Political Leaning
Undisclosed
big news from CA

the central valley, finest farmland in the nation, formed by drainage of the san joaquin and sacramento rivers, has been turned literally into a virtual dust bowl by its being unnaturally deprived of delta water in order to save the little tiny silverfish, the smelt

http://www.nytimes.com/2009/04/17/us/17march.html

unemployment in the regions surrounding turlock, merced, fresno, heavily hispanic, are pushing 40%

well, it comes as NO surprise to those of us living nearby to learn TODAY that bitchy barbara boxer is currently trailing the latest teatotaler, carly fiorina (she embraced the wingnuts late last week, after the witch won), by TWENTY ONE PERCENT

in the heavily hispanic central valley

Fiorina's Prospects? Just Add Water - IBD - Investors.com

IF---i repeat, IF---that is true, then you can bid bye bye to bitchy barbara boxer

SHE, by the way is running about 10 points AHEAD of THE MOONBEAM

thus, blow goodbye to brown, as well

you know that IF reds take CALIFORNIA it is going to be very, very difficult for dems to hold on to the senate, with or without the witch from delaware

finally, knowledgable nudgeniks have noticed since the start of all this that IF the central valley abandons the blue/green's of sacto, then incumbent dem CONGRESSMEN dennis cardoza (CA18, the northern valley, stockton, merced, los banos) and jim costa (CA20, the south, kerns and king and fresno) are gone too

the point---according to the cooks and rothenbergs, et al, these two seats are on the order of pickups NUMBER 80 and NUMBER 90 for the party of the orange dude who smokes 2 packs

fyi
 
Last edited:

Boo Radley

DP Veteran
Joined
Dec 20, 2009
Messages
37,066
Reaction score
7,028
Gender
Male
Political Leaning
Liberal
Yep, **** is bad. What do you want government to do about it?
 

sokpupet

Active member
Joined
Sep 16, 2010
Messages
252
Reaction score
81
Location
In your heart.
Gender
Female
Political Leaning
Centrist
California's water supply problems is another Enron. People never learn.. .. ..and greed is alive and well.

Water Wars: Billionaire Farmers Scheming to Privatize California’s Water Are Under Attack - By Yasha Levine - The eXiled
~snip
Stewart Resnick, a Beverly Hills billionaire “farmer” credited with being the brains behind the Kern Water Bank water privatization scheme, pocketed $40 million in taxpayer funds from 2000 to 2007 via a single water buyback program administered by California’s water officials. Stewart, whose private holding company Roll International owns Fiji Water, Pom Wonderful, pesticide manufacturer Suterra and Paramount Agribusiness, the largest farming company in America and the largest pistachio and almond producer in the world, has also been using the Kern water bank to grow even bigger, nearly doubling his cultivated land holdings just in the three years after the Monterey Agreements.

The Monterey Agreements did more than transform public infrastructure into a personal ATM machine for a small group of wealthy people–they also implemented a generous debt forgiveness scheme that released farmers like Resnick from having to repay the state bonds that had financed the aqueduct system used to pipe in their subsidized water–and instead put California’s residents on the hook for the cash.
 

The Prof

DP Veteran
Joined
Jul 26, 2009
Messages
12,828
Reaction score
1,808
Gender
Undisclosed
Political Leaning
Undisclosed
tell it to the mostly hispanic residents of the valley who by a plurality of 22% appear to be going for fio

adios, california
 

Boo Radley

DP Veteran
Joined
Dec 20, 2009
Messages
37,066
Reaction score
7,028
Gender
Male
Political Leaning
Liberal
Yep, **** is bad. What do you want government to do about it?

Just wanting to know if the Prof or other conservative is going to answer me? What do you guys want government to do about it?
 

Jetboogieman

Somewhere in Babylon
Moderator
Supporting Member
DP Veteran
Joined
Jan 12, 2010
Messages
31,281
Reaction score
34,688
Location
Somewhere in Babylon...
Gender
Undisclosed
Political Leaning
Undisclosed
Just wanting to know if the Prof or other conservative is going to answer me? What do you guys want government to do about it?

You know that is the funny thing about their argument sometimes.

It's like, Government shouldn't do anything.

And if Obama hadn't of done anything, I.E. No stimulus etc. and things were worse, you can bet they'd be hammering him for it.

The classic tax cut/spending isn't gonna work this time. We're in such a big hole it's scary. And it's all our faults. We built a society on nothing but thin air (credit)
 

VanceMack

MSG Benavides TAB
DP Veteran
Joined
Feb 1, 2010
Messages
74,757
Reaction score
31,500
Gender
Male
Political Leaning
Independent
Just wanting to know if the Prof or other conservative is going to answer me? What do you guys want government to do about it?

Demonstrate fiscal accountability. Be responsible to their taxpayers. Stop spending 500 million dollars on a single schoolbuilding. Clamp down on illegal immigration and stop creating social service programs and spending money like illinois crackwhores. Start charging their citizens appropriately for upper education programs. Use intelligent decision making when it comes to managing waterways and power grids. For starters.
 

VanceMack

MSG Benavides TAB
DP Veteran
Joined
Feb 1, 2010
Messages
74,757
Reaction score
31,500
Gender
Male
Political Leaning
Independent
You know that is the funny thing about their argument sometimes.

It's like, Government shouldn't do anything.

And if Obama hadn't of done anything, I.E. No stimulus etc. and things were worse, you can bet they'd be hammering him for it.

The classic tax cut/spending isn't gonna work this time. We're in such a big hole it's scary. And it's all our faults. We built a society on nothing but thin air (credit)

The partisan bull**** part of your post aside, the last sentence is the single greatest threat to the US economy and has been for 40 years now. We have destroyed our industrial base. We have failed to keep up with autmoation and education. We have created unrealistic labor benefit packages. Both labor and management have created an environment for US jobs to be shipped to other places for cheap labor. We have transitioned from an industrial based economy to a service based economy and it is biting us in the ass bigtime...especially in light of the fact that most service based jobs are relatively low paying low skilled jobs. Hell, entire video store and book chains are being replaced by a red box and online book purchases.

And in the meantime...US citizens cling to their partisan bickering as if it ****ing matters. Oh...it would be easy to blame republicans...or democrats...or the rich...but the people to blame are the people that put them in power and keep them in power.
 

Jetboogieman

Somewhere in Babylon
Moderator
Supporting Member
DP Veteran
Joined
Jan 12, 2010
Messages
31,281
Reaction score
34,688
Location
Somewhere in Babylon...
Gender
Undisclosed
Political Leaning
Undisclosed
The partisan bull**** part of your post aside, the last sentence is the single greatest threat to the US economy and has been for 40 years now. We have destroyed our industrial base. We have failed to keep up with autmoation and education. We have created unrealistic labor benefit packages. Both labor and management have created an environment for US jobs to be shipped to other places for cheap labor. We have transitioned from an industrial based economy to a service based economy and it is biting us in the ass bigtime...especially in light of the fact that most service based jobs are relatively low paying low skilled jobs. Hell, entire video store and book chains are being replaced by a red box and online book purchases.

And in the meantime...US citizens cling to their partisan bickering as if it ****ing matters. Oh...it would be easy to blame republicans...or democrats...or the rich...but the people to blame are the people that put them in power and keep them in power.

You know, you should call yourself Vancerant...

What Partisan Bull****?

What was partisan about what I said?

I'm merely stating that Obama was ****ed if he did, and ****ed if he didn't, doesn't matter to most conservatives, they won't like him no matter what he does.

I agree with your first paragraph completely, we're ****ed.
 

washunut

DP Veteran
Joined
Nov 13, 2009
Messages
11,754
Reaction score
3,380
Gender
Male
Political Leaning
Slightly Liberal
You know that is the funny thing about their argument sometimes.

It's like, Government shouldn't do anything.

And if Obama hadn't of done anything, I.E. No stimulus etc. and things were worse, you can bet they'd be hammering him for it.

The classic tax cut/spending isn't gonna work this time. We're in such a big hole it's scary. And it's all our faults. We built a society on nothing but thin air (credit)

You mention in the last paragraph that there is nothing we can do. We need to fix our economy structurally. So why do you start by infreeing that the stimulus was a good thing. All it did was push out the problem a bit.

No politician is willing to tell the American people the truth. We need structural changes which will be neither painless not quick.

The reason this administration is in such a problem is that they overpromised and underdelevered. I actually thought that Obama was going to lay out the truth and then lay out a long term solution.

That would have really made him a transformative president.
 

Jetboogieman

Somewhere in Babylon
Moderator
Supporting Member
DP Veteran
Joined
Jan 12, 2010
Messages
31,281
Reaction score
34,688
Location
Somewhere in Babylon...
Gender
Undisclosed
Political Leaning
Undisclosed
You mention in the last paragraph that there is nothing we can do. We need to fix our economy structurally. So why do you start by infreeing that the stimulus was a good thing. All it did was push out the problem a bit.

No politician is willing to tell the American people the truth. We need structural changes which will be neither painless not quick.

The reason this administration is in such a problem is that they overpromised and underdelevered. I actually thought that Obama was going to lay out the truth and then lay out a long term solution.

That would have really made him a transformative president.

I never said the stimilus was a good or bad thing.

We can sit here for years and debate if it worked or not to keep things from going too overboard, but it didn't work as well as Obama had predicted it would.

That's not what people wanna hear wash. The mindset of the world has changed, thing go fast. We want it now. Information, food, entertainment etc. WE WANT IT NOW!

We don't wanna hear that we'll have to change our ways, or do something difficult to fix the economy, we don't wanna hear it. We want quick fixes and WE WANT IT NOW!

:2razz:
 

Boo Radley

DP Veteran
Joined
Dec 20, 2009
Messages
37,066
Reaction score
7,028
Gender
Male
Political Leaning
Liberal
The idea is to give short term relief while working on those structural problems. I won't argue any politician has done the hard things, or will anytime soon, but having a long term plan, as we should, would not rule out a short term relief effort.
 

VanceMack

MSG Benavides TAB
DP Veteran
Joined
Feb 1, 2010
Messages
74,757
Reaction score
31,500
Gender
Male
Political Leaning
Independent
You know, you should call yourself Vancerant...

What Partisan Bull****?

What was partisan about what I said?

I'm merely stating that Obama was ****ed if he did, and ****ed if he didn't, doesn't matter to most conservatives, they won't like him no matter what he does.

I agree with your first paragraph completely, we're ****ed.

Oh...I dont know...THIS part...

"You know that is the funny thing about their argument sometimes.
It's like, Government shouldn't do anything.
And if Obama hadn't of done anything, I.E. No stimulus etc. and things were worse, you can bet they'd be hammering him for it.
The classic tax cut/spending isn't gonna work this time"

Every part of what you posted except the last line is 'us vs them'. Its bull**** partisan rhetoric. 'Conservatives' dont want the government to do NOTHING...they want the government to do their job RESPONSIBLY. And in case you have missed it...there is a HUGE number of them that have decided top STAND by that value...even if it costs the REPUBLICAN PARTY an election and congressional majority.

So sorry that pointing out the blatant facts comes across as a 'rant'. Sometimes responding to smarmy partisan comments and pointing out the blatantly obvious stings a bit.

'Conservatives' have left the republican party because of their lack of fiscal responsibility. Conservatives see republicans AND democrats as being responsible for our 14 trillion dollar economic hole and our near 10% current and 18% actual unemployment.

End rant.
 

washunut

DP Veteran
Joined
Nov 13, 2009
Messages
11,754
Reaction score
3,380
Gender
Male
Political Leaning
Slightly Liberal
The idea is to give short term relief while working on those structural problems. I won't argue any politician has done the hard things, or will anytime soon, but having a long term plan, as we should, would not rule out a short term relief effort.

Short term action and long term planning are not mutually exclusive. The problem is where there is no coherent thoughts out of Obama as to a long term plan. The structural problems existed well before he ran for presdent. So by now we should expect something which we have not gotten. To me that is the great failure in his leadership.
 

Boo Radley

DP Veteran
Joined
Dec 20, 2009
Messages
37,066
Reaction score
7,028
Gender
Male
Political Leaning
Liberal
Short term action and long term planning are not mutually exclusive. The problem is where there is no coherent thoughts out of Obama as to a long term plan. The structural problems existed well before he ran for presdent. So by now we should expect something which we have not gotten. To me that is the great failure in his leadership.

I don't completely disagree with you. While I do remember a long term plan mentioned once, and i'm not going to look it up, he certainly hasn't pushed any long term solutions. He may have reasons for that, but leadership is about, well, . . . leading.
 

washunut

DP Veteran
Joined
Nov 13, 2009
Messages
11,754
Reaction score
3,380
Gender
Male
Political Leaning
Slightly Liberal
I don't completely disagree with you. While I do remember a long term plan mentioned once, and i'm not going to look it up, he certainly hasn't pushed any long term solutions. He may have reasons for that, but leadership is about, well, . . . leading.

I also think he did start out laying the groundwork for us moving from a consumption society. His political advisors probably told him it was too risky. I seem to also remember that during the HC debate he talked about choosing between the blue or pink pill. Meaning generic or the brand name. He was correct, but the opposition started killed him on rationing so he threw in the towel.

You are right, leadership sort of means leading.
 

Kushinator

I'm not-low all the time
Supporting Member
DP Veteran
Joined
Jan 2, 2006
Messages
21,262
Reaction score
8,361
Location
Venice Beach, FL
Gender
Male
Political Leaning
Independent
You know, you should call yourself Vancerant...

What Partisan Bull****?

What was partisan about what I said?

I'm merely stating that Obama was ****ed if he did, and ****ed if he didn't, doesn't matter to most conservatives, they won't like him no matter what he does.

I agree with your first paragraph completely, we're ****ed.

I do not agree that we are ****ed.

The housing sector built up excess inventory for years, and it will take some time before inventories begin to fall. However, it does look like we are at or approaching a bottom:News Headlines

Groundbreaking for new U.S. homes jumped in August to a four-month high, a tentative sign of stability in the housing market after steep declines brought by the end of a homebuyer tax credit......

Housing starts rose 10.5 percent, the largest increase since November, to an annual rate of 598,000 units, the Commerce Department said. Financial markets had looked for a rise to just a 550,000-unit rate.
 
Top Bottom