dirt hound
Registered User
also this plan is putting mechanics and parts houses out of work and thats a proven fact and to some of you the liberals are doing no wrong hey look at Obama s approval rating
Cash For Clunkers... Sad
- Thread starter ExtremeRaceCars
- Start date
.....
Has anyone thought about how the people trading there old junk for brand new cars are going to pay for the new car? Maybe they had crappy old cars because they are too bad with money to actually save it for a new(er) car. I can see alot of repo's comming in the future and how will that help anything besides put people on the streets? I dont understand why people cannot just keep things the same. i agree that we should try and save fuel but why dont the fat rich gov't guys use there heads and find a better, cheaper, easier way to do that? Mechanics are going to loose there jobs and also, im young so GUESS WHAT I GET TO PAY FOR!!!? Im not looking forward to paying these taxes for the rest of my life. They want people to keep there jobs because otherwise they have no money to spend!!!! We all work for the Gov't now.
Has anyone thought about how the people trading there old junk for brand new cars are going to pay for the new car? Maybe they had crappy old cars because they are too bad with money to actually save it for a new(er) car. I can see alot of repo's comming in the future and how will that help anything besides put people on the streets? I dont understand why people cannot just keep things the same. i agree that we should try and save fuel but why dont the fat rich gov't guys use there heads and find a better, cheaper, easier way to do that? Mechanics are going to loose there jobs and also, im young so GUESS WHAT I GET TO PAY FOR!!!? Im not looking forward to paying these taxes for the rest of my life. They want people to keep there jobs because otherwise they have no money to spend!!!! We all work for the Gov't now.
ExtremeRaceCars
Member
Average unemployment rates for the last 8 years. Current unemployement rate 9.4 In fact unemployment did not begin to creep up until may 2008. Now explain to me how the last 8 years were so bad? You dems wanna blame everything on republicans but the truth is things go in cycles, things were good then you have a recession it happens.
2000 4.0
2001 4.7
2002 5.8
2003 6.0
2004 5.5
2005 5.1
2006 4.6
2007 4.6
2008 5.8
dirt hound
Registered User
did you forget the stock market was at it highest when bush was prez and less b s going on also under bush I worked every day except when problems happen beyond govt control ie me getting sick or dong something stupid on the job can't say the same with the bammer
ExtremeRaceCars
Member
Whatever... explain 2006 and 2007 The argument the libs give is for the last 8 years, wanna do the clinton years to? The average for 8 years of Clinton and 8 years of Bush is within a coulpe tenths of a percent, and Clinton did not have to deal with 911. You are just a Bush hater and your judgement is clouded by that hatred.
dirt hound
Registered User
mike44
Member
I'm no expert on the stock market but wasn't most of it predicated on BS and lies and crashed down when the banks failed? Less BS, or white collar crime under Bush? Look, I'll admit that neither side really cares about anything but catering to corporations but to say that Obama didn't inherit a hell of a mess is untrue.
ExtremeRaceCars
Member
Obama may have inherited a mess but to say it was all bushes fault is disingenuous. What about Bush inheriting the dot com bubble burst in 2000 some experts say that alone wiped out 5 trillion in the tech market in 2 years, was that bushes fault or clintons? add to that 911? You all blame bush for everything but accept responsibility for nothing. Fact is the democrats have had control of congress since 2006 they did nothing to stop the housing bubble. Why? Because it was not in their best interest to do so, their only interest was to get a democrat elected president, they didn't care about anything else the worse the economy got the better their chances to win the presidency. The progressive democrats goal is socialism plain and simple if you can't see it coming you are either blind or thats what you want. Obamas stated goal for our health care is a single payer system, thats the truth. Nancy Pelosis goal for our health care is a single payer system, thats the truth. Do you want a single payer system? I don't! I know someone that has been trying to get their immunization shots for 4 days, every day they go to the FREE clinic run by the goverment, stand in line for hours only to be turned away because they can only take 48 appointments a day. Is this what you want? Because this is what we will get.
dirt hound
Registered User
did you hear all this b s in the first 6 months when gwb was on office and look at obamas approval ratingby christmas it we be lower than bushes was when left after 8 years
dirt hound
Registered User
mike44
Member
I don't think the tech burst was Clinton's fault. He was Prez but that all happened under the Contract For America...Newt's baby. We could go on and on but it's useless. It's all opinion. I'm a Democrat but not because I'm all that amazed by them.....but by no means am I way Left......I have always said that the extremes of both sides are crazy and the truth is in the middle of the spin somwhere. I would have voted for a Republican if Tom Tancredo would have won the primary because of his stance on immigration. Hey, we all have our views....that doesn't really make either one of us right or wrong....it's just what we think sounds the best to us. Enjoy the races.
ExtremeRaceCars
Member
So the tech burst was congresses fault? Does that make the housing burst congresses fault to? The truth lies in the Constitution.
ExtremeRaceCars
Member
By the way have you ever read the Contract With America?
Whats wrong with it?
REPUBLICAN CONTRACT WITH AMERICA
As Republican Members of the House of Representatives and as citizens seeking to join that body we propose not just to change its policies, but even more important, to restore the bonds of trust between the people and their elected representatives.
That is why, in this era of official evasion and posturing, we offer instead a detailed agenda for national renewal, a written commitment with no fine print.
This year's election offers the chance, after four decades of one-party control, to bring to the House a new majority that will transform the way Congress works. That historic change would be the end of government that is too big, too intrusive, and too easy with the public's money. It can be the beginning of a Congress that respects the values and shares the faith of the American family.
Like Lincoln, our first Republican president, we intend to act "with firmness in the right, as God gives us to see the right." To restore accountability to Congress. To end its cycle of scandal and disgrace. To make us all proud again of the way free people govern themselves.
On the first day of the 104th Congress, the new Republican majority will immediately pass the following major reforms, aimed at restoring the faith and trust of the American people in their government:
FIRST, require all laws that apply to the rest of the country also apply equally to the Congress;
SECOND, select a major, independent auditing firm to conduct a comprehensive audit of Congress for waste, fraud or abuse;
THIRD, cut the number of House committees, and cut committee staff by one-third;
FOURTH, limit the terms of all committee chairs;
FIFTH, ban the casting of proxy votes in committee;
SIXTH, require committee meetings to be open to the public;
SEVENTH, require a three-fifths majority vote to pass a tax increase;
EIGHTH, guarantee an honest accounting of our Federal Budget by implementing zero base-line budgeting.
Thereafter, within the first 100 days of the 104th Congress, we shall bring to the House Floor the following bills, each to be given full and open debate, each to be given a clear and fair vote and each to be immediately available this day for public inspection and scrutiny.
1. THE FISCAL RESPONSIBILITY ACT: A balanced budget/tax limitation amendment and a legislative line-item veto to restore fiscal responsibility to an out- of-control Congress, requiring them to live under the same budget constraints as families and businesses. (Bill Text) (Description)
2. THE TAKING BACK OUR STREETS ACT: An anti-crime package including stronger truth-in- sentencing, "good faith" exclusionary rule exemptions, effective death penalty provisions, and cuts in social spending from this summer's "crime" bill to fund prison construction and additional law enforcement to keep people secure in their neighborhoods and kids safe in their schools. (Bill Text) (Description)
3. THE PERSONAL RESPONSIBILITY ACT: Discourage illegitimacy and teen pregnancy by prohibiting welfare to minor mothers and denying increased AFDC for additional children while on welfare, cut spending for welfare programs, and enact a tough two-years-and-out provision with work requirements to promote individual responsibility. (Bill Text) (Description)
4. THE FAMILY REINFORCEMENT ACT: Child support enforcement, tax incentives for adoption, strengthening rights of parents in their children's education, stronger child pornography laws, and an elderly dependent care tax credit to reinforce the central role of families in American society. (Bill Text) (Description)
5. THE AMERICAN DREAM RESTORATION ACT: A S500 per child tax credit, begin repeal of the marriage tax penalty, and creation of American Dream Savings Accounts to provide middle class tax relief. (Bill Text) (Description)
6. THE NATIONAL SECURITY RESTORATION ACT: No U.S. troops under U.N. command and restoration of the essential parts of our national security funding to strengthen our national defense and maintain our credibility around the world. (Bill Text) (Description)
7. THE SENIOR CITIZENS FAIRNESS ACT: Raise the Social Security earnings limit which currently forces seniors out of the work force, repeal the 1993 tax hikes on Social Security benefits and provide tax incentives for private long-term care insurance to let Older Americans keep more of what they have earned over the years. (Bill Text) (Description)
8. THE JOB CREATION AND WAGE ENHANCEMENT ACT: Small business incentives, capital gains cut and indexation, neutral cost recovery, risk assessment/cost-benefit analysis, strengthening the Regulatory Flexibility Act and unfunded mandate reform to create jobs and raise worker wages. (Bill Text) (Description)
9. THE COMMON SENSE LEGAL REFORM ACT: "Loser pays" laws, reasonable limits on punitive damages and reform of product liability laws to stem the endless tide of litigation. (Bill Text) (Description)
10. THE CITIZEN LEGISLATURE ACT: A first-ever vote on term limits to replace career politicians with citizen legislators. (Description)
Further, we will instruct the House Budget Committee to report to the floor and we will work to enact additional budget savings, beyond the budget cuts specifically included in the legislation described above, to ensure that the Federal budget deficit will be less than it would have been without the enactment of these bills.
Respecting the judgment of our fellow citizens as we seek their mandate for reform, we hereby pledge our names to this Contract with America.
Whats wrong with it?
REPUBLICAN CONTRACT WITH AMERICA
As Republican Members of the House of Representatives and as citizens seeking to join that body we propose not just to change its policies, but even more important, to restore the bonds of trust between the people and their elected representatives.
That is why, in this era of official evasion and posturing, we offer instead a detailed agenda for national renewal, a written commitment with no fine print.
This year's election offers the chance, after four decades of one-party control, to bring to the House a new majority that will transform the way Congress works. That historic change would be the end of government that is too big, too intrusive, and too easy with the public's money. It can be the beginning of a Congress that respects the values and shares the faith of the American family.
Like Lincoln, our first Republican president, we intend to act "with firmness in the right, as God gives us to see the right." To restore accountability to Congress. To end its cycle of scandal and disgrace. To make us all proud again of the way free people govern themselves.
On the first day of the 104th Congress, the new Republican majority will immediately pass the following major reforms, aimed at restoring the faith and trust of the American people in their government:
FIRST, require all laws that apply to the rest of the country also apply equally to the Congress;
SECOND, select a major, independent auditing firm to conduct a comprehensive audit of Congress for waste, fraud or abuse;
THIRD, cut the number of House committees, and cut committee staff by one-third;
FOURTH, limit the terms of all committee chairs;
FIFTH, ban the casting of proxy votes in committee;
SIXTH, require committee meetings to be open to the public;
SEVENTH, require a three-fifths majority vote to pass a tax increase;
EIGHTH, guarantee an honest accounting of our Federal Budget by implementing zero base-line budgeting.
Thereafter, within the first 100 days of the 104th Congress, we shall bring to the House Floor the following bills, each to be given full and open debate, each to be given a clear and fair vote and each to be immediately available this day for public inspection and scrutiny.
1. THE FISCAL RESPONSIBILITY ACT: A balanced budget/tax limitation amendment and a legislative line-item veto to restore fiscal responsibility to an out- of-control Congress, requiring them to live under the same budget constraints as families and businesses. (Bill Text) (Description)
2. THE TAKING BACK OUR STREETS ACT: An anti-crime package including stronger truth-in- sentencing, "good faith" exclusionary rule exemptions, effective death penalty provisions, and cuts in social spending from this summer's "crime" bill to fund prison construction and additional law enforcement to keep people secure in their neighborhoods and kids safe in their schools. (Bill Text) (Description)
3. THE PERSONAL RESPONSIBILITY ACT: Discourage illegitimacy and teen pregnancy by prohibiting welfare to minor mothers and denying increased AFDC for additional children while on welfare, cut spending for welfare programs, and enact a tough two-years-and-out provision with work requirements to promote individual responsibility. (Bill Text) (Description)
4. THE FAMILY REINFORCEMENT ACT: Child support enforcement, tax incentives for adoption, strengthening rights of parents in their children's education, stronger child pornography laws, and an elderly dependent care tax credit to reinforce the central role of families in American society. (Bill Text) (Description)
5. THE AMERICAN DREAM RESTORATION ACT: A S500 per child tax credit, begin repeal of the marriage tax penalty, and creation of American Dream Savings Accounts to provide middle class tax relief. (Bill Text) (Description)
6. THE NATIONAL SECURITY RESTORATION ACT: No U.S. troops under U.N. command and restoration of the essential parts of our national security funding to strengthen our national defense and maintain our credibility around the world. (Bill Text) (Description)
7. THE SENIOR CITIZENS FAIRNESS ACT: Raise the Social Security earnings limit which currently forces seniors out of the work force, repeal the 1993 tax hikes on Social Security benefits and provide tax incentives for private long-term care insurance to let Older Americans keep more of what they have earned over the years. (Bill Text) (Description)
8. THE JOB CREATION AND WAGE ENHANCEMENT ACT: Small business incentives, capital gains cut and indexation, neutral cost recovery, risk assessment/cost-benefit analysis, strengthening the Regulatory Flexibility Act and unfunded mandate reform to create jobs and raise worker wages. (Bill Text) (Description)
9. THE COMMON SENSE LEGAL REFORM ACT: "Loser pays" laws, reasonable limits on punitive damages and reform of product liability laws to stem the endless tide of litigation. (Bill Text) (Description)
10. THE CITIZEN LEGISLATURE ACT: A first-ever vote on term limits to replace career politicians with citizen legislators. (Description)
Further, we will instruct the House Budget Committee to report to the floor and we will work to enact additional budget savings, beyond the budget cuts specifically included in the legislation described above, to ensure that the Federal budget deficit will be less than it would have been without the enactment of these bills.
Respecting the judgment of our fellow citizens as we seek their mandate for reform, we hereby pledge our names to this Contract with America.
mike44
Member
You must have missed this part Extreme.
mike44
Member
I almost forgot to make my final point. The Right never gave Clinton any credit for the good economy of the '90s...they credited the Contract.......so who do you blame when it falters if Clinton wasn't, in your party's view, responsible at all for the good times?
dirt hound
Registered User
more from our fearless leader lol
By ERICA WERNER, Associated Press Writer Erica Werner, Associated Press Writer – 2 hrs 1 min ago
WASHINGTON – Bipartisan health care negotiators are aiming to cut the costs of their bill after getting an earful from voters, a participant in the closed-door talks said Friday.
Sen. Olympia Snowe, R-Maine, a moderate whose support could be crucial if President Barack Obama is to realize his goal of a comprehensive health care overhaul, said contact with constituents "sharpened our focus on issues such as affordability and cost."
"We keep reinventing the wheel in terms of our approach based on what we learn at home," Snowe told The Associated Press.
Snowe is one of six senators — three Democrats and three Republicans — on the pivotal Senate Finance Committee who have been negotiating for months to come up with a health care bill that could garner bipartisan support.
With raucous town halls dominating Congress' August recess and prospects for bipartisanship appearing to dim, Snowe said the outcome was uncertain.
"People are confused, and rightfully so given how many issues and how many plans are out there," Snowe said. "Ours isn't, and so whether or not we can break through that chatter remains to be seen."
Members of the so-called Gang of Six spoke on a conference call late Thursday, their first discussion since leaving Washington for recess.
They discussed controlling costs on their bill while still extending affordable coverage to tens of millions of uninsured Americans. The final price tag will likely hover around $900 billion over 10 years.
Snowe said keeping down costs means tinkering with the design of health care plans that would be offered through new purchasing exchanges. Another piece is the level of subsidies to be offered to help low-income people buy care, something that remains a matter of debate, Snowe said.
In their reach for a bipartisan product, Finance Committee negotiators are looking at nonprofit co-ops instead of a new public insurance plan that has become a lightning rod in the debate.
How that will turn out remains to be seen. Another Finance negotiator, Sen. Kent Conrad, D-N.D., has said there are not enough votes in the Senate to pass a health bill with a new public plan that would compete with private insurers.
But House Speaker Nancy Pelosi, D-Calif., said Thursday that the House couldn't pass a bill without one.
House Majority Leader Steny Hoyer seemed to contradict Pelosi on Friday when asked about her comments.
"I'm for a public option but I'm also for passing a bill," Hoyer, D-Md., told reporters. "We believe the public option is a necessary, useful and very important aspect of this, but you know, we'll have to see because there are many other important aspects of the bill as well."
Obama and members of his administration this week indicated a public plan wasn't an essential piece of a final bill, drawing criticism from some Democrats.
Before leaving town for a 10-day vacation, Obama met Friday with former Senate Democratic Leader Tom Daschle, an expert on health care policy and politics who was Obama's first choice for secretary of Health and Human Services before tax troubles derailed his nomination. A White House statement said the two "agreed that substantive reform that lowers costs, reforms the insurance industry, and expands coverage is too important to wait another year or another administration."
By ERICA WERNER, Associated Press Writer Erica Werner, Associated Press Writer – 2 hrs 1 min ago
WASHINGTON – Bipartisan health care negotiators are aiming to cut the costs of their bill after getting an earful from voters, a participant in the closed-door talks said Friday.
Sen. Olympia Snowe, R-Maine, a moderate whose support could be crucial if President Barack Obama is to realize his goal of a comprehensive health care overhaul, said contact with constituents "sharpened our focus on issues such as affordability and cost."
"We keep reinventing the wheel in terms of our approach based on what we learn at home," Snowe told The Associated Press.
Snowe is one of six senators — three Democrats and three Republicans — on the pivotal Senate Finance Committee who have been negotiating for months to come up with a health care bill that could garner bipartisan support.
With raucous town halls dominating Congress' August recess and prospects for bipartisanship appearing to dim, Snowe said the outcome was uncertain.
"People are confused, and rightfully so given how many issues and how many plans are out there," Snowe said. "Ours isn't, and so whether or not we can break through that chatter remains to be seen."
Members of the so-called Gang of Six spoke on a conference call late Thursday, their first discussion since leaving Washington for recess.
They discussed controlling costs on their bill while still extending affordable coverage to tens of millions of uninsured Americans. The final price tag will likely hover around $900 billion over 10 years.
Snowe said keeping down costs means tinkering with the design of health care plans that would be offered through new purchasing exchanges. Another piece is the level of subsidies to be offered to help low-income people buy care, something that remains a matter of debate, Snowe said.
In their reach for a bipartisan product, Finance Committee negotiators are looking at nonprofit co-ops instead of a new public insurance plan that has become a lightning rod in the debate.
How that will turn out remains to be seen. Another Finance negotiator, Sen. Kent Conrad, D-N.D., has said there are not enough votes in the Senate to pass a health bill with a new public plan that would compete with private insurers.
But House Speaker Nancy Pelosi, D-Calif., said Thursday that the House couldn't pass a bill without one.
House Majority Leader Steny Hoyer seemed to contradict Pelosi on Friday when asked about her comments.
"I'm for a public option but I'm also for passing a bill," Hoyer, D-Md., told reporters. "We believe the public option is a necessary, useful and very important aspect of this, but you know, we'll have to see because there are many other important aspects of the bill as well."
Obama and members of his administration this week indicated a public plan wasn't an essential piece of a final bill, drawing criticism from some Democrats.
Before leaving town for a 10-day vacation, Obama met Friday with former Senate Democratic Leader Tom Daschle, an expert on health care policy and politics who was Obama's first choice for secretary of Health and Human Services before tax troubles derailed his nomination. A White House statement said the two "agreed that substantive reform that lowers costs, reforms the insurance industry, and expands coverage is too important to wait another year or another administration."
To hear today’s Democrats, you’d think all this started in the last couple years. But the crisis began much earlier. The Carter-era Community Reinvestment Act forced banks to lend to uncreditworthy borrowers, mostly in minority areas.
Age-old standards of banking prudence got thrown out the window. In their place came harsh new regulations requiring banks not only to lend to uncreditworthy borrowers, but to do so on the basis of race.
These well-intended rules were supercharged in the early 1990s by President Clinton. Despite warnings from GOP members of Congress in 1992, Clinton pushed extensive changes to the rules requiring lenders to make questionable loans.
~~~
Failure to comply meant your bank might not be allowed to expand lending, add new branches or merge with other companies. Banks were given a so-called “CRA rating” that graded how diverse their lending portfolio was.
~~~
In the name of diversity, banks began making huge numbers of loans that they previously would not have. They opened branches in poor areas to lift their CRA ratings.
Meanwhile, Congress gave Fannie and Freddie the go-ahead to finance it all by buying loans from banks, then repackaging and securitizing them for resale on the open market.
That’s how the contagion began.
With those changes, the subprime market took off. From a mere $35 billion in loans in 1994, it soared to $1 trillion by 2008.
