Originally Posted by Vabeachdude

Well, I know a bunch of out of work people that could turn their pants pockets out and call them "Obama ears" ... (in direct comparison to the Hoover Ears of the Great Depression).. but I don't think it's all Obama's fault of course. Nor do I think it's all Bush's fault either. Clinton had his fair share of responsibility for the real estate crisis. But I think, Obama needs to LEAD from the front.. enuff of the blame game, we need clear direction and FDR like vision, FDR like investments in infrastructure and jobs, BUT, more importantly, imo.. we need FDR like leadership and confidence restored... We need programs that get people back to work NOW and we need someone to turn things around. I think that's what people voted for when they voted for "Change". Sure, it isn't gonna happen over night, but Obama's timing and priorities have been out of sync with the people imo... specific to the economy, people are hurting now and his waiting til his second year to address the Jobs piece was a mis-step. Tasking a do nothing congress to come up with watered down healthcare reform... that was tied up in congress for a large part of his first year in office, while there's a Democratic majority (and still no HCR accomplishment)... bleh, Cap and Trade/climate change.. seriously? Additionally, the much needed bailouts end up pitting Wallstreet against Mainstreet, and he feeds this animosity in how he's treating the banks.. during a credit crisis! I mean, we're all in this together at this point, just lead us out. Don't point fingers just lead us out, give us your vision and direction and LEAD. I think people are seriously losing faith and looked to Obama to change it up. It isn't too late for Obama, and I pray for him often, and don't want to get in a serious debate, because it's obvious to me that many of you are much more well read than I am; however, if Obama don't act fast and get people back to work AND fix the credit crisis, things may not turn around enough for him to be re-elected, which imo, will seriously hurt his legacy and draw even more comparisons to Hoover in that he'll only serve one term in office.

Originally Posted by james t kirk

Really, and who did the "Free Market" coming running to 2 years ago for a trillion dollars?

You had assholes making 100 million dollars a year on their knees begging to guys making 100 grand a year.

I don't think you realize just how close we came to a complete economic melt down with AIG. If the gov't had not stepped in to save their asses, it quite literally would have been - put your money in the ATM and nothing comes out because there is no money.

Just as the stock market crash of 29 proved that there needed to be regulations put in palce governing the speculating on equities and buying equities on credit in order to prevent a future crash, the recent melt down proved that there needs to be regulations as to just how stupid of a risk banks can take on real estate speculation and buying real estate without actual cash.

It is my humble opininion that NO-ONE should be given a mortgage without at least 10% down. There has to be some risk to the buyer.