McCain the elistist NOT Obama

iVillage Member
Registered: 08-20-2008
McCain the elistist NOT Obama
238
Thu, 08-21-2008 - 11:13pm

Obama raps McCain for ignorance of his own houses


WASHINGTON - John McCain may have created his own housing crisis.


Hours after a report that the Republican presidential nominee-in-waiting didn't know how many homes he and his multimillionaire wife own, Democratic rival Barack Obama launched a national TV ad and a series of campaign stops aimed at portraying McCain as wealthy and out of touch.


With the economy the top issue in the race, Obama sought to turn McCain's gaffe into one of those symbolic moments that stick in voters' minds


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iVillage Member
Registered: 06-23-2008
Mon, 08-25-2008 - 2:59pm

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MONTANA MOM !

iVillage Member
Registered: 09-08-2006
Mon, 08-25-2008 - 3:32pm

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iVillage Member
Registered: 05-02-2005
Mon, 08-25-2008 - 3:42pm
Yes, people made mistakes, but the banks were shady in their dealings with them. I know plenty of smart people with good credit that got talked into bad loans by mortgage brokers that wanted to make a commission on a bigger loan. Also, these terms were encouraged by the government because President George W. Bush wanted "everyone to have a home of their own". So while there is plenty of "personal responsibility" to go around there is also responsibility on the part of the lending institutions that took advantage of people and real estate agents that encouraged it. Also, the reason the dollar is in the toilet is because we have mortgaged our future to China to pay for this lovely war our soldiers and their families are having to suffer through, all while giving tax cuts to the rich and waiting for the "trickle down" give me a break. Meanwhile, the accounts that fund things like road maintenance and construction will be bankrupt very soon if the gas tax isn't raised... but that isn't a popular subject right now so in a year or two when federal highways are not being maintained and bridges falling into rivers isn't quite so shocking we'll all be thankful for that extra .15 cents per gallon won't we. Unfortunately I do know what I am talking about, my husband until recently worked in the public sector and left while the getting was good, because the money is running out. Domestic programs are being strangled and trying to do more and more on less and less, and when a service has to get cut people throw an absolute fit. They don't ever want to pay for anything (taxes), but they sure want the services.
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iVillage Member
Registered: 05-02-2005
Mon, 08-25-2008 - 3:46pm

***Patty, where can I get a bumper sticker like this? I Love it! I work and shop in a college town (thank god I don't live in it) and the cars all have Obama stickers on them and frankly I'm tired of seeing them, I need one of these to put on my car.***

Why can't people get stickers to support their own candidate and not ones to bash someone else??? Seems like they're scared or something. Hmm... makes you think.

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iVillage Member
Registered: 06-23-2008
Mon, 08-25-2008 - 4:28pm


MONTANA MOM !

iVillage Member
Registered: 08-20-2008
Mon, 08-25-2008 - 4:56pm
iVillage Member
Registered: 08-20-2008
Mon, 08-25-2008 - 5:09pm
I think people will glance at it and think it supports Obama. It just looks to much like his(IMO)
iVillage Member
Registered: 08-25-2008
Mon, 08-25-2008 - 5:15pm

Let's be honest - they're both elitists.


One comes from a family of high level officers and is married to a multimillionaire heiress.

iVillage Member
Registered: 09-11-2007
Mon, 08-25-2008 - 5:29pm

Obama didn't come from money..but he certainly does have it now. Your analogy made me laugh none the less....and the hooker part was brilliant. lol


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iVillage Member
Registered: 05-14-2008
Mon, 08-25-2008 - 6:37pm

I disagree.

There would be no need to refinance if you'd had good credit and put money down in the first place. The fixed rates during the past several years for those with good credit have been historically low. I personally purchased three homes between 2004 and 2005 and the interest rates on 30 year loans were, 5.875%, 5.375%, and 6.35%.

Where people with good credit have run into trouble is where they bought a year or two or three ago and now can't sell for what they paid for their house. Too bad they didn't follow that rule of thumb that says don't buy unless you're planning to stay 5-10 years. And if you want to be protected from typical downswings in the market and not have to pay out of pocket to sell, put some money down in the first place.

Those who can't refinance had poor credit in the first place and thus took a risk by taking a riskier loan type instead of waiting until their credit was better.

They got to live in house that was beyond their means for a year or two and now they get to walk away from it all with nothing more than a credit rating that's even lower.

How does the commercial go......."I want it all....and I want it now!" LOL!

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