reilo said:Media is running with the "Palin won't appear for interviews" bit.
reilo said:Oh no. Jack Cafferty's wife died.
Yeah, the president doesn't set interest rates at all. The Fed sets some rates and Greenspan was a total whore and cut rates real low and kept them there too long to help Bush. (I used to admire Greenspan but then he totally whored out for Bush.) It back-fired. Also, Greenspan should have not let the banks go so wild with lax lending rules and crazy 'products' like the no-interest loans, balloon loans, 'ninja' loans, etc.I feel weird for asking this question, but I'm going back in time again:
Did President Clinton help create the housing bubble by keeping interest rates low? I know that the housing market can greatly influence the economy, so I was just wondering. I could've sworn Speculawyer talking about this weeks ago. =\
ShOcKwAvE said:Um, America.
gamerecks said:Fuck, McCain could have come out, dropped a deuce on stage, and started chanting "USA, USA, USA" and tons of people would have said it was captivating.
reilo said:Oh no. Jack Cafferty's wife died.
Well . . . they were just gonna ask her 'sexist' question anyway. :lolreilo said:Media is running with the "Palin won't appear for interviews" bit.
good!!!reilo said:Media is running with the "Palin won't appear for interviews" bit.
I'm glad that so many people witnessed such an epic failure.Incognito said:People are really flummoxed on why McCain would have a larger viewership than Obama? Really? Is nobody taking into account that the RNC convention coincided with the summer holiday season ending? Not to mention everyone back at home after Labor Day...
GhaleonEB said:I didn't think it would be that close. There's a lot of ways to interpret it and spin it.
--Obama is still the relative unknown here
--McCain came right after the football premier
--Lots of young, tech-savvy Obama supporters watched it online
--The 30% of Americans who still support Bush would turn in to watch McCain, but not bother to watch Obama
Amid all that: the election is going to be closer than we think. Reality check time.
People are really flummoxed on why McCain would have a larger viewership than Obama? Really? Is nobody taking into account that the RNC convention coincided with the summer holiday season ending? Not to mention everyone back at home after Labor Day...
teruterubozu said:It's the Cheney approach - nothing new.
speculawyer said:Yeah, the president doesn't set interest rates at all. The Fed sets some rates and Greenspan was a total whore and cut rates real low and kept them there too long to help Bush. (I used to admire Greenspan but then he totally whored out for Bush.) It back-fired. Also, Greenspan should have not let the banks go so wild with lax lending rules and crazy 'products' like the no-interest loans, balloon loans, 'ninja' loans, etc.
I didn't expect much from Bush but I expected much better behavior from Greenspan.
I don't watch TV, so I need to ask - who is the media? Could you elaborate on the source, context, etc?reilo said:Media is running with the "Palin won't appear for interviews" bit.
reilo said:Oh no. Jack Cafferty's wife died.
I wasn't quantifying any of those - just listing them. I'm surprised.VanMardigan said:Yeah, it's pretty weak spin though. Obama may be relatively unknown (really? still?), but the Dems had the benefit of more energy from their base (plus it's a Democratic year), a historic speech, and a great speaker in a football stadium. Everyone last night was saying the football game would own McCain (lulz). I guess Obama could release the online viewership, but I doubt it will amount to anything significant, and why wouldn't the 70% who do not support Bush watch Obama?
But did Greenspan agree to keep them low? I do not believe so. (Which was probably the right thing to do.)Jason's Ultimatum said:I know the president doesn't have the power to set interest rates low, but reading this:
http://books.google.com/books?id=Ap...&hl=en&sa=X&oi=book_result&resnum=1&ct=result
In 1994, Greenspan went to Clinton and warned him that interest rates were going to rise, but Clinton wanted to keep interest rates low. He wanted to keep rates low for his homeownership proposal.
GhaleonEB said:I wasn't quantifying any of those - just listing them. I'm surprised.
I'll be seriously dissapointed if the Obama campaign doesn't make an ad out of thisMiroku said:Barack... you.. you,, fucking community organizer!!! I hate you@@
http://www.thenation.com/doc/20080922/dreier_atlas
hokahey said:http://i36.tinypic.com/15gpgkz.png
Fucking this, I love Cafferty.maximum360 said:The one reputable guy on CNN's main team. That sucks.
VanMardigan said:This........is even weaker spin.
yeah, me too. What a huge piece of low-hanging fruit. The best thing is that the GOP crowd was eager to support anything the person at the podium said so if they use direct clips, it looks like the entire party is filled with elitists that sneer at people that do community organizing & civic service. (I don't think they all feel that way, they were mostly just ignorant as to what 'community organizing' is and probably thought it was a bunch of black panthers.)woeds said:I'll be seriously dissapointed if the Obama campaign doesn't make an ad out of this
sangreal said:Great video of Biden ripping into the RNCC: http://www.msnbc.msn.com/id/21134540/vp/26563623#26563623
Socreges said:are we seriously making fun of the teeth of a man in his 70s?
lopaz said:The dancing midget has been reclaimed in the name of truth and honor
Socreges said:are we seriously making fun of the teeth of a man in his 70s?
Jason's Ultimatum said:WTF. Why I am reading from Clinton's economic accomplishments that he kept rates low, among other policies, that enabled the highest home ownerhip ever? :lol![]()
sangreal said:Great video of Biden ripping into the RNCC: http://www.msnbc.msn.com/id/21134540/vp/26563623#26563623
McCain said:Education is the Civil Rights issue of our era!
VanMardigan said:Yeah, it's pretty weak spin though. Obama may be relatively unknown (really? still?), but the Dems had the benefit of more energy from their base (plus it's a Democratic year), a historic speech, and a great speaker in a football stadium. Everyone last night was saying the football game would own McCain (lulz). I guess Obama could release the online viewership, but I doubt it will amount to anything significant, and why wouldn't the 70% who do not support Bush watch Obama?
This........is even weaker spin.
urk said:I didn't watch all of McCain's speech, but I apparently saw more than Biden and his staff did. "I didn't hear them say a thing about aid to education!"
Durp.
urk said:I didn't watch all of McCain's speech, but I apparently saw more than Biden and his staff did. "I didn't hear them say a thing about aid to education!"
Durp.
Education is the Civil Rights issue of our era!
hokahey said:Yes. What kind of man can't take care of his teeth to the point that they look like they're rotting out of his head?
speculawyer said:Here . .. the Fed hiked the rates during 1994 from 3.25 in Feb 1994 to 6.0 in Feb 1995.
http://www.federalreserve.gov/fomc/fundsrate.htm
And then watch Greenspan become a total whore when Bush came to office in 2001:
http://www.moneycafe.com/library/ratecharts/ratecharts16.gif
At the request of President Clinton, the U.S. Department of Housing
and Urban Development (HUD) is working with dozens of national
leaders in government and the housing industry to implement the
National Homeownership Strategy, an unprecedented public-private
partnership to increase homeownership to a record-high level over the
next 6 years. The ideal of homeownership is so integral a part of the
American Dream that its value for individuals, for families, for
communities, and for society is scarcely questioned. This paper
provides a brief survey of research into the nature and significance of
homeownership's presumed benefits, particularly for lower income
households and other underserved populations.
- Today - Families have Enjoyed $2,000 Effective Tax Cut: Wall Street analysts credit deficit reduction with lowering interest rates by 2 full percentage points. [Goldman Sachs, GSWIRE Undistorted by the Budget Surplus, April 14, 2000]. This means that a family taking out a home mortgage of $100,000 expects to save roughly $2,000 per year in mortgage payments. Thanks in part to low mortgage rates, the homeownership rate increased to 67 percent in 1999 --the highest rate on record. Lower interest rates also cut both car payments and student loan payments by $200 annually for families taking out typical loans.
Karma said:Can we get a thread where undecided people like myself can get educated on the candidates without all the hate? Some here are doing a great job and I can say I have gone from definitely voting for McCain to being on the fence. Others have so much hate that they are clouding the issues.
El_TigroX said:Exactly where did it say anything about aid? You know... money you can borrow to get a HIGHER education. That's what Joe Biden was talking about.
McCain was talking about elementary and secondary education. Also... if Education is a civil right? How is not health?
CharlieDigital said:It's one thing to mention it, it's another to actually say something about the issue. Okay, it's the civil rights issue of our era...and???
Education -- education is the civil rights issue of this century.
(APPLAUSE)
Equal access to public education has been gained, but what is the
value of access to a failing school? We need...
(APPLAUSE) We need to shake up failed school bureaucracies with
competition, empower parents with choice.
(APPLAUSE)
Let's remove barriers to qualified instructors, attract and reward
good teachers, and help bad teachers find another line of work.
(APPLAUSE)
When a public school fails to meet its obligations to students, parent
-- when it fails to meet its obligations to students, parents deserve
a choice in the education of their children. And I intend to give it
to them.
(APPLAUSE)
Some may choose a better public school. Some may choose a private one.
Many will choose a charter school. But they will have the choice, and
their children will have that opportunity.
(APPLAUSE)
Senator Obama wants our schools to answer to unions and entrenched
bureaucrats. I want schools to answer to parents and students.
(APPLAUSE)
And when I'm president, they will.
(APPLAUSE)
My fellow Americans, when I'm president, we're going to embark on the
most ambitious national project in decades.
urk said:And...
speculawyer said:What the hell does that mean?