Barack Obama Elected President!

[Jess]

I think it was a loophole. I think Mortgage companies have a lot of freedom in deciding who they will lend to and it just blew up on them. I think there also were some problems with house valuations. I saw today where the government is going to take over Fannie Mae and Freddie Mac. I guess there is no other choice, but what a mess.

[wiccachick_1]

Well the way I understand it, each party has a central headquarters and individual coalitions that are all able to donate to major campaigns. They have the organization and wherewithall to control advertising and most importantly electoral control. Minor parties have little access to the electoral control which therefore discourges third party alternatives opportunities for success. I shouldn't have just focused on the money aspect (which through their coalitions is significant) they control through the electorate system.

That is significant control over party candidates and a lot of leverage to get them to tow the party line.

And I would be seriously surprised if the Gators do not roll out tonight. The Canes have a young team and a coach that's good but hasn't been there long. They should be good in the near future but the Gators are a machine and god knows as a Georgia Bulldog fan it pains me to say that! LOL!

[wiccachick_1]

Greed bit them in the hindshanks and we're all paying the price. I do believe a combination of the mortgage crisis and the foreign oil dependance is the cause of the current economic environment. I'm one of those people that do not believe that the American president controls much of the economy. He or She (it WILL happen one day) can only work within the framework of his/her position to try and control the economy's impact on our citizens.

[George008]

Many economists think the mortgage crisis was aserbated by the repeal of the Glass-Steagal Act by Bill Clinton.

Check out this link to wikipedia's explanation scroll to "Role of government and regulators".

[Roman]

Ok. Florida is only losing by 6 points, 9-3. against a Top 10 team.

Oh, it's no doubt in my mind a woman will be president one day. I think that when the economic/business community sees the economy going the way it has for the last 2-3 years, and long term since 2001, people wonder, and rightfully so, what will it take to get it going once again.

[wiccachick_1]

Was Bush's moratorium on foreclosures passed? Are there lending programs out there being curently designed to help people that did not understand the fine print in their loans that said their mortgage would skyrocket at one point and that they were paying unfavorable rates? Mom and Pop Mortgage (Fanny Mae and Freddy Mac) should have a redesigned program for those already in program to help prevent them from losing their homes. Of course that may be part of the news from today. I'll have to read more details.

Where are we on that front? Do we know?.

[Roman]

http://www.time.com/time/politics/article/...00.html?cnn=yes

[George008]

Yeah at the first of this year.

I dont know about that one..

[Roman]

http://www.newsweek.com/id/157376

[GoldenDogs]

Jess, you've completely forgotten that the cost of doing business has shot sky high due to the high cost of a barrel of oil. That has nothing to do with Bush tax cuts. The lower tax burden has most certainly helped SAVE JOBS given the high costs of fuel. Don't underestimate the damage oil prices have done... and I don't see how you can blame the current administration for that. If you must blame someone, then blame every administration in the past 30 years for not breaking our dependence on foreign oil long before this... By the way, I didn't think much of the latest economic stimulus. I didn't feel it was necessary. I deposited mine into my savings account and did NOT put it back into the economy.

I have, however, been eating out a lot lately.

As for the mortgage crisis, greedy real estate brokers, agents, and banking institutions are at fault, riding the wave of "good times" and trying to milk all they could from it by offering the irresponsible and uninformed "too good to be true" deals and manipulating numbers to force qualification for home loans. Bush had nothing to do with that, either.

Bush has screwed a lot of things up... but none of the things you have described in your post.

With regard to who is lying or not in this campaign, I think it is safe to say that no party has a monopoly on dishonesty. I've gotten to the point where I don't even care anymore what the candidates are saying while on the stump... History speaks volumes -- their records while in public office is what I consider fact.

[wiccachick_1]

I actually gained some respect for McCain there. He is definitely NOT your typical Republican. It's amazing he has the party nomination.

[Roman]

http://caffertyfile.blogs.cnn.com/2008/09/...carol-cafferty/

My prayers go to Jack and his family.

[wiccachick_1]

Let me add my sympathies and prayers.

[wiccachick_1]

http://elections.foxnews.com/2008/09/07/mc...-to-my-cabinet/

Interesting read. Since I am neither Democrat nor Republican, I had no idea who was in the running for either candidate's V.P. choice before the choice was actually made. McCain actually considered Leiberman as his running mate???

[Roman]

http://www.nytimes.com/2008/09/06/us/polit...amp;oref=slogin