Bush is the worst ever!

PJ_Lukin

Civil rights eroded, War in Iraq, the Economy, health care in crisis, Education in crisis.

What the fuck has this guy done right?

No one is even close to this douche bag, he is the worst ever.

jlew24asu

bush didnt approve subprime loans. healthcare is crisis? wtf? I get excellent healthcare.

anotherclone

I work in the mortgage industry.

George Bush DID push for lenders to get more creative in their financing for homeownership. He was the one that initiated zero downpayment FHA (government) loans and loan programs whereby sellers could "gift" money to buyers for their downpayment and closing costs.

http://www.ameridream.org/About/PressReleases/2004/AmeriDream%20Responds%20to%20FHA%20Zer

and

http://www.washingtonpost.com/wp-dyn/content/article/2006/01/20/AR2006012000803.html

Sellers and buyers would increase the home sale price to cover the buyer closing costs, thereby inflating the home value. Then the seller would credit the buyer that money for their closing costs. The seller gets the money they want from the sale and the buyer gets into the home with no money down or in some cases, even cash back. This was all legal and a common occurrance. I'm not even talking about these so-called "sub prime" loans.

Now a majority of those people who couldn't save a couple thousand dollars for a down payment to begin with, are suffering because they can't afford their payments on their over valued houses. They can't sell those homes either because to do so would be a "loss" to them. So, what do they do? walk away and let the lender foreclose.

Solat13

http://www.usnews.com/usnews/news/articles/070216/16president.buchanan.htm

jlew24asu

anotherclone wrote:

I work in the mortgage industry.

George Bush DID push for lenders to get more creative in their financing for homeownership. He was the one that initiated zero downpayment FHA (government) loans and loan programs whereby sellers could "gift" money to buyers for their downpayment and closing costs.

http://www.ameridream.org/About/PressReleases/2004/AmeriDream%20Responds%20to%20FHA%20Zer

Sellers and buyers would increase the home sale price to cover the buyer closing costs, thereby inflating the home value. Then the seller would credit the buyer that money for their closing costs. The seller gets the money they want from the sale and the buyer gets into the home with no money down or in some cases, even cash back. This was all legal and a common occurrance. I'm not even talking about these so-called "sub prime" loans.

Now a majority of those people who couldn't save a couple thousand dollars for a down payment to begin with, are suffering because they can't afford their payments on their over valued houses. They can't sell those homes either because to do so would be a "loss" to them. So, what do they do? walk away and let the lender foreclose.

ah cool. thanks for the info. I stand corrected.

Dylan Stone

PJ_Lukin wrote:

Civil rights eroded, War in Iraq, the Economy, health care in crisis, Education in crisis.

What the fuck has this guy done right?

No one is even close to this douche bag, he is the worst ever.

And he can't say "nuclear."

Nor does he read newspapers.

But I'll bet the execs at Haliburton and Kellog, Brown and Root love him !

jlew24asu

GTFLYGIRL wrote:

And he can't say "nuclear."

Nor does he read newspapers.

But I'll bet the execs at Haliburton and Kellog, Brown and Root love him !

HAL is actually about 10 bucks lower from where it was 2 years ago. KBR just went public not too long ago.

you do know they are the best at what they do right? but yes, they are happy with bush

PJ_Lukin

Solat13 wrote:

http://www.usnews.com/usnews/news/articles/070216/16president.buchanan.htm

http://www.usnews.com/usnews/news/worstpresidents/index.htm


There will be a new one on there in about 12 months.

josevolution

i said that to my brother in law and he said no i was like :eek: :mad: to wtf ....

Dylan Stone

jlew24asu wrote:

you do know they are the best at what they do right? but yes, they are happy with bush

How would we know if they were best. They have "won" many $$ millions in "NO BID CONTRACTS!"

jlew24asu

GTFLYGIRL wrote:

How would we know if they were best. They have "won" many $$ millions in "NO BID CONTRACTS!"

yea and that sucks but they do actually work in places other then Iraq. HAL was founded in the early 1900s it didnt sprout up out of nowhere because of bush.

macgyver06

jlew24asu wrote:

bush didnt approve subprime loans. healthcare is crisis? wtf? I get excellent healthcare.

you dont think health care is in crisis

drop your insurance than cut your head open... go to the emergency room.... get it stitched up and tell me what kind of bills you get over the next couple weeks


than you will understand the frenzy

Dylan Stone

jlew24asu wrote:

yea and that sucks but they do actually work in places other then Iraq. HAL was founded in the early 1900s it didnt sprout up out of nowhere because of bush.

Oh no....I know that! Halliburton....and Brown and Root did TONS of work in Vietnam as well....hmmmm.....Texas $$? LBJ?

The war machine keeps rockin in the free world.

anotherclone

macgyver06 wrote:

you dont think health care is in crisis

drop your insurance than cut your head open... go to the emergency room.... get it stitched up and tell me what kind of bills you get over the next couple weeks


than you will understand the frenzy

I agree with you.

hell, that's even an extreme case that you've outlined. think of the millions of people with cancer that have to pay huge out of pocket co pays and deductibles for treatment just to meet their "good" insurance company's deductible requirement. Forget about the times that the insurance company says "that is not a covered item" and you just have to fork out the dough anyway. Its either that or die.

Ooops, maybe I'm projecting from my own experience. Carry on.

surferdude

macgyver06 wrote:

drop your insurance..

Why would anyone do something that stupid?

Same with the housing thing. Why would anyone buy a house they can't really afford. Zero down is a great option for some. I don't understand blaming the government because so called responsible adults made poor house purchasing decisons and boutgh what they truly could not afford. Do I get to blame the government if I gamble away too much money while in Vegas? I should be able to blame the government, after all they've provided the means for me to be an idiot. And isn't it the governments role to protect me from myself.

macgyver06

surferdude wrote:

Why would anyone do something that stupid?

Same with the housing thing. Why would anyone buy a house they can't really afford. Zero down is a great option for some. I don't understand blaming the government because so called responsible adults made poor house purchasing decisons and boutgh what they truly could not afford. Do I get to blame the government if I gamble away too much money while in Vegas? I should be able to blame the government, after all they've provided the means for me to be an idiot. And isn't it the governments role to protect me from myself.

this is true...but when an economy appears to be good..stupid people are led to believe anything...now they are losing their homes and dont understand why.

anotherclone

I'm totally with you on how can buyers get into that position? You would think people would know better. Especially the ones with the sub prime loans. It is disclosed to them what their interest rate is and if it is adjustable how and when it will adjust. They really should know better. Claiming ignorance now, is really, just...well...ignorant on their part. Forgive me for saying so if anyone has found themselves in that position.

Some buyers are uneducated. I don't mean just about home buying, but in general. They were hearing that the housing market was a good investment and rates were low. For a lot of people it is a good investment. For some people that hear "no money down", they start to think "hey I can do that, I'm spending XX per month in rent anyway". They call a lender who approves them and not a scheister either. I'm talking a big nationwide lender.

In reality, a large portion of these people were the type of people that were "one paycheck away from disaster". Because they really didn't invest financially (in the form of a downpayment) in the property to begin with, they just feel like they can walk away. And they do.

If the loan program has not been made available, they would not have sold on it or chosen it. The zero down program was destined to fail from the get-go.

(I should say "in my opinion" )

jlew24asu

macgyver06 wrote:

you dont think health care is in crisis

drop your insurance than cut your head open... go to the emergency room.... get it stitched up and tell me what kind of bills you get over the next couple weeks


than you will understand the frenzy

why would I drop my health insurance?

macgyver06

jlew24asu wrote:

why would I drop my health insurance?

my point is...while you may have great health insurance...many dont....and are aware health insurance coporations have driven up health costs...


jlew...did you know that... your car insurance is the one that forks out money if you are in a car wreck and have to go to the emergency room becasue of it.

jlew24asu

macgyver06 wrote:

my point is...while you may have great health insurance...many dont

so while I pay for my own health insurance, you want me to pay for yours too?

macgyver06 wrote:

....and are aware health insurance coporations have driven up health costs...

one of many factors for rising cost of healtcare

macgyver06 wrote:

jlew...did you know that... your car insurance is the one that forks out money if you are in a car wreck and have to go to the emergency room becasue of it.

I dont own a car so I really dont care what they do.

callen

surferdude wrote:

Why would anyone do something that stupid?

Same with the housing thing. Why would anyone buy a house they can't really afford. Zero down is a great option for some. I don't understand blaming the government because so called responsible adults made poor house purchasing decisons and boutgh what they truly could not afford. Do I get to blame the government if I gamble away too much money while in Vegas? I should be able to blame the government, after all they've provided the means for me to be an idiot. And isn't it the governments role to protect me from myself.

and the government should spend ZERO dollars bailing out these loan sharks..regardless of how it hurts the economy....can't put it all on the borrowers...but also on the lenders and those that bought those loans.

jlew24asu

anotherclone wrote:

I work in the mortgage industry.

George Bush DID push for lenders to get more creative in their financing for homeownership. He was the one that initiated zero downpayment FHA (government) loans and loan programs whereby sellers could "gift" money to buyers for their downpayment and closing costs.

http://www.ameridream.org/About/PressReleases/2004/AmeriDream%20Responds%20to%20FHA%20Zer

and

http://www.washingtonpost.com/wp-dyn/content/article/2006/01/20/AR2006012000803.html

Sellers and buyers would increase the home sale price to cover the buyer closing costs, thereby inflating the home value. Then the seller would credit the buyer that money for their closing costs. The seller gets the money they want from the sale and the buyer gets into the home with no money down or in some cases, even cash back. This was all legal and a common occurrance. I'm not even talking about these so-called "sub prime" loans.

Now a majority of those people who couldn't save a couple thousand dollars for a down payment to begin with, are suffering because they can't afford their payments on their over valued houses. They can't sell those homes either because to do so would be a "loss" to them. So, what do they do? walk away and let the lender foreclose.

I must point out that I'm very glad you posted this. while the banks and asshole lending sharks deserve most of the blame (they knew more then bush of the possible downfalls) Bush should have known the consequences.

same with Iraq....


both reasons why he very well may go down as one of the worst in history.

sponger

This country has been in expensive, useless wars before. Not to mention, Bush didn't single-handedly send the troops to the desert. He had the help of many influential politicians including Hillary Clinton who has been quoted as spewing the same brainwashing rhetoric that Bush subjected the public to before the war.

The economy has been in worse shape...even in recent memory. Reagan, for example, gave us the crash in 1987 with his massive deficit spending and lack of control over junk investment schemes on wall street. This led to one of the worst housing market slumps in US history. In fact, the "Rich Dad Poor Dad" author actually made his millions by investing in rock bottom priced houses during that slump and later reselling them as the market recovered.

Yes, the healthcare system needs major fixing, but Bush has little to do with it. In fact, the HMO system was created under the Carter administration, and is a textbook example of what's wrong with the healthcare system in the US today.

I will acknowledge that the No Child Left Behind act did more harm than good, but the US school system has been in shambles for decades. In fact, the No Child Left Behind act wouldn't have been created if the public school system wasn't already totally screwed up to begin with.

Lastly, it's just plain nonsensical to hold Bush accountable for the lending crisis because of his move to grant the FHA power to create no down payment loans.

No down payment loans have been existence in private lending since long before Bush came to office, and they too have their inherent risks. Also, neither of the links posted earlier mentioned anything about Bush being responsible for subprime loans, and we all know that subprime loans are the biggest contributor to the crunch.

And for those who do not already know, subprime loans became popular because of their role in derivatives trading, and derivatives trading is a method of investment that is well-known to be extremely high risk. Not to mention, derivatives trading began under the Clinton administration.

Any economist will tell you that Alan Greenspan and his obsessive slashing of interest rates to artificially stimulate investment is the person who should be held accountable for the problems the economy will be facing very soon.

Look, it's just not common sense to say that Bush is the worst president ever, yet I've noticed that so many people are given to saying just that. I think there are two major reasons for this:

1. Eddie Vedder publicly expresses his disdain for Bush. So, the result is people wanting to emulate EV.

2. The internet. The internet has made it easy for anyone with a computer and a connection to create an opinion and make it look legitimate.

PJ_Lukin

sponger wrote:

This country has been in expensive, useless wars before. Not to mention, Bush didn't single-handedly send the troops to the desert. He had the help of many influential politicians including Hillary Clinton who has been quoted as spewing the same brainwashing rhetoric that Bush subjected the public to before the war.

The economy has been in worse shape...even in recent memory. Reagan, for example, gave us the crash in 1987 with his massive deficit spending and lack of control over junk investment schemes on wall street. This led to one of the worst housing market slumps in US history. In fact, the "Rich Dad Poor Dad" author actually made his millions by investing in rock bottom priced houses during that slump and later reselling them as the market recovered.

Yes, the healthcare system needs major fixing, but Bush has little to do with it. In fact, the HMO system was created under the Carter administration, and is a textbook example of what's wrong with the healthcare system in the US today.

I will acknowledge that the No Child Left Behind act did more harm than good, but the US school system has been in shambles for decades. In fact, the No Child Left Behind act wouldn't have been created if the public school system wasn't already totally screwed up to begin with.

Lastly, it's just plain nonsensical to hold Bush accountable for the lending crisis because of his move to grant the FHA power to create no down payment loans.

No down payment loans have been existence in private lending since long before Bush came to office, and they too have their inherent risks. Also, neither of the links posted earlier mentioned anything about Bush being responsible for subprime loans, and we all know that subprime loans are the biggest contributor to the crunch.

And for those who do not already know, subprime loans became popular because of their role in derivatives trading, and derivatives trading is a method of investment that is well-known to be extremely high risk. Not to mention, derivatives trading began under the Clinton administration.

Any economist will tell you that Alan Greenspan and his obsessive slashing of interest rates to artificially stimulate investment is the person who should be held accountable for the problems the economy will be facing very soon.

Look, it's just not common sense to say that Bush is the worst president ever, yet I've noticed that so many people are given to saying just that. I think there are two major reasons for this:

1. Eddie Vedder publicly expresses his disdain for Bush. So, the result is people wanting to emulate EV.

2. The internet. The internet has made it easy for anyone with a computer and a connection to create an opinion and make it look legitimate.

I'll accept your opinion at face value up to one point. I am older than Ed and have seen quite a bit myself. I have an extensive background in politics. I use multiple sources of information from which to base my opinions. I can think of very few people who would be worth emulation, Ed is one of them. However, I prefer to use my own thoughts to base my opinion.

angryyoungman

PJ_Lukin wrote:

Civil rights eroded, War in Iraq, the Economy, health care in crisis, Education in crisis.

What the fuck has this guy done right?

No one is even close to this douche bag, he is the worst ever.

in other news, the sun came up today