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Reilly
Mountain climber
The Other Monrovia- CA
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So why can’t we do that?
Mr Krugman, really, aren't you overlooking the 800 lb gorilla in the room?
We have 100 million people in this country for whom education is a dirty word,
have few job skills at best, breed like rabbits, get a tax break (if they even
have any witheld) for their kids, eat and drink to excess, and consume the
overwhelming majority of the guvmint's largesse.
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Elcapinyoazz
Social climber
Joshua Tree
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Krugman is a fool.
How about Charles Fried?
And of course Krugman is a fool, they don't give out Nobels to smart folks after all.
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Reilly
Mountain climber
The Other Monrovia- CA
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Dr F,
Given that 20 million are below the poverty line it isn't a stretch to surmise
that another 75 are only marginally better educated or employable. And for
what it is worth I am not saying I don't feel any empathy for these people I
am just saying that they are not helping themselves and they are a huge drag
on this country. I have a shop in a lower class part of LA (Azusa) and I
drive through there marveling at the cars I see in the driveways of the shitholes
they live in. I don't have much sympathy for them.
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JEleazarian
Trad climber
Fresno CA
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Until Krugman's macroeconomic forecasts reach at least a semblance of accuracy, they're worth what you pay for them.
John
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healyje
Trad climber
Portland, Oregon
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more liberal fascism:
Anytime I see someone parroting either of the Goldbergs I know they're an idiot.
...while the total costs of the war in Iraq will reach $797.3 billion by the end of the current fiscal year on September 30, 2011.
This only represents a very narrow definition of direct military costs to-date. The true cost of Iraq will run $2-3 trillion before all is said and done in terms of re-equipping material and paying the staggering costs of long-term healthcare for veterans with brain damage from IEDs.
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Ken M
Mountain climber
Los Angeles, Ca
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KenM,
There is no fraud, the paperwork is just buried or lost, the people getting foreclosed on are ot making their mortgage payments. I now own CountryWide ABS, and will be booting people out of their homes.
The evil one
It IS fraud when you falsify documents, which is what has been done. As owner, you are now in a world of hurt. As identified by the head of the FDIC in the 60 minutes piece, you have a multi-billion dollar fraud liability problem that will probably make it impossible to boot anyone out of their homes because of your lies. You got too greedy when you falsified documents and presented them to courts notarized as true and correct when they were false. Courts don't like that. Neither do juries, as you are about to find out.
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apogee
climber
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fattrad, I'm going to post this here, rather on the '22 SEALS dead' thread, as it would be nice to not see that thread degrade into the silly polititard back & forths that occur here....
"Yes, Afghanistan is 1000% justified."
"Afghan could easily be won with the modern technology available, but you have to be ruthless against a religious based opponent."
I tell ya, fattrad, when you make similar yellow-custard-spewing statements on economic & other political issues, they pretty much roll off my back.
But such statements in regards to wars and Afghanistan are a step beyond. With all due respect, you really don't know shite about the on-the-ground realities of this war. And as for whether this war is 'justified', I can bet what your opinion would be if there was a draft, and your daughter was of draft-able age. Of course, I'm sure your connection with Cheney's Chickenhawks would find a way to defer her service.
Please do yourself a favor. Stay within the confines of topics you actually have experience with.
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Crimpergirl
Sport climber
Boulder, Colorado!
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Fattrad:
Just above you stated "There is no fraud, the paperwork is just buried or lost, the people getting foreclosed on are ot making their mortgage payments."
And now you say there are forgeries. So, which is correct? Or do you not believe that forgery is a form of fraud?
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John Moosie
climber
Beautiful California
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Jeff/ AKA Fattrad wrote on the navy seal thread.
None of those prior opponents had satelites which could read license plates, drones which stay over targets for tweleve hours, etc. And weapons which could turn the country to glass for the ultimate total win.
He is suggesting use of nuclear weapons, and some of you people say he is a nice guy? Good grief.
Oh.. I'm sure he will say that he was "just" trolling. But what kind of person trolls on a thread about 22 dead Navy Seals?
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healyje
Trad climber
Portland, Oregon
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The very same on-the-ground thieves who wrote fraudulent mortgages on the way up have been making a killing writing fraudulent foreclosures on the way down.
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bookworm
Social climber
Falls Church, VA
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from barry's completely useless presser:
"We need to couple those spending cuts with two additional steps — tax reform that will ask those who can afford it to pay their fair share"
c'mon libs, what EXACTLY does barry mean by "fair share"?
what is the "fair share" of the neuro surgeon who dedicated 12 years of his adult life and hundreds of thousands of dollars to develop his knowledge and skill and now makes $500,000 a year saving lives?
what is the "fair share" of matt damon who makes $10 million for a few months work on a film and who gets paid BEFORE the film is released or makes a single penny?
what is the "fair share" of the dirt bag climber who dropped out of college and CHOOSES to wash dishes or bag groceries just long enough to finance his next road trip?
i say the "fair share" for ALL THREE is 17% (20% during times of crisis), no loopholes, no deductions, no whining
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apogee
climber
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Hey, bookworm- who do you like of the current crop of GOP contenders? Wanna see Rick Perry enter the race?
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John Moosie
climber
Beautiful California
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i say the "fair share" for ALL THREE is 17% (20% during times of crisis), no loopholes, no deductions, no whining
I suppose we could then say that work is work. One hours work should get one hours pay.
But of course not. Not all work is equal. Nor is a flat tax actually equal. Work is still work, and 17 percent for everyone sounds fair, but it actually isn't.
If you can figure out that not all work is equal, then you should be able to figure out why 17 percent for someone making minimum wage hurts more then 17 percent for someone worth billions.
But perhaps not.
400 Americans own more wealth then 150 million Americans. To whom much is given.. Much is required. As a Christian, you should realize this.
A graduated tax rate, which we have, is the fairest. But it would be good to rework the tax code and do away with most tax deductions. That would probably mean being able to reduce each tax rate for each amount of income.
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bookworm
Social climber
Falls Church, VA
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liberal delusion from drew westen (emory university):
"Those of us who were bewitched by his eloquence on the campaign trail chose to ignore some disquieting aspects of his biography: that he had accomplished very little before he ran for president, having never run a business or a state; that he had a singularly unremarkable career as a law professor [he never was a "professor" but only a visiting lecturer], publishing nothing in 12 years at the University of Chicago other than an autobiography; and that, before joining the United States Senate, he had voted "present" (instead of "yea" or "nay") 130 times, sometimes dodging difficult issues. . . .[well, it only took this lib nearly three years to acknowledge everything we said about barry even before he won the nomination]
Perhaps those of us who were so enthralled with the magnificent story he told in "Dreams From My Father" appended a chapter at the end that wasn't there--the chapter in which he resolves his identity and comes to know who he is and what he believes in..."
what does westen think barry did wrong? you're not going to believe this:
Westen claims, barry should have told us "a story the American people were waiting to hear--and needed to hear"...The stories our leaders tell us matter, probably almost as much as the stories our parents tell us as children, because they orient us to what is, what could be, and what should be; to the worldviews they hold and to the values they hold sacred. . . . We seek movies, novels and "news stories" that put the events of the day in a form that our brains evolved to find compelling and memorable. Children crave bedtime stories...."
i guess it's kind of refreshing to see a lib admit that his political beliefs are not based on reality, but "bedtime stories"; and here's another lib favorite, joel klein:
"If he wants to be re-elected, Obama is going to have to start telling us who the bad guys are and what he plans to do about them."
does klein really believe barry hasn't identified the "villains"? all barry does is tell scary stories about villains: republicans, bush, corporate jet owners, millionaires and billionaires, wall street fat cats, japanese tsunamis, etc.
more revealing is how klein and westen portray the american people: children who can't comprehend barry's "eloquence" and sophistication and need simplistic stories to see his greatness...libs, why do you have such contempt for the american people?
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JEleazarian
Trad climber
Fresno CA
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The very same on-the-ground thieves who wrote fraudulent mortgages on the way up have been making a killing writing fraudulent foreclosures on the way down.
I'm curious. How do you make money foreclosing on collateral in a down market when the borrowers put no money down, and you can't recover a deficiency judgment?
John
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John Moosie
climber
Beautiful California
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You buy up a foreclosure for pennies on the dollar, then sit on it until the market turns. Or you rent it until the market turns. Banks can't afford to keep too many foreclosures on their books. That affects how much money they can loan, as I understand it.
Or.. if you made money by being the paper producer for the mortgage, then you can make money by being the paper producer on the foreclosure.
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John Moosie
climber
Beautiful California
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I'm just pointing out that it is possible to win and if circumstances warrant, than yes WMD.
Then we ought to be able to win any war. But most of us know that isn't true. Why don't you? My guess is you care so little for people that you don't mind the idea of using WMD. That is why you have used the statement.." turn them into glass" so often.
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Gary
climber
Desolation Basin, Calif.
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Robert Reich:
Standard & Poor's downgrade of America's debt couldn't come at a worse time. The result is likely to be higher borrowing costs for the government at all levels, and higher interest on your variable-rate mortgage, your auto loan, your credit card loans, and every other penny you borrow.
Why did S&P do it?
Not because America failed to pay its creditors on time. As you may have noticed, we avoided a default.
And not because we might fail to pay our bills at the end of 2012 if tea-party Republicans again hold the nation hostage when their votes will next be needed to raise the debt ceiling. This is a legitimate worry and might have been grounds for a downgrade, but it's not S&P's rationale.
S&P has downgraded the US because it doesn't think we're on track to reduce the nation's debt enough to satisfy S&P - and we're not doing it in a way S&P prefers.
Here's what S&P said: "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics." S&P also blames what it considers to be weakened "effectiveness, stability, and predictability" of US policy making and political institutions.
Pardon me for asking, but who gave Standard & Poor's the authority to tell America how much debt it has to shed, and how?
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JEleazarian
Trad climber
Fresno CA
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John M,
From your reply you understand my point. The lenders aren't making money in the foreclosures, but those who can buy the loans for pennies on the dollar may.
We used to see a lot of this sort of thing in the mid-nineties (believe it or not), when investors who wanted to acquire distressed property would acquire the defaulted debt for a discount, then either foreclose and obtain the property, or get paid 100 cents on the dollar. Either way, it was a win for the debt acquirer. We called them "vulture capitalists." I spent the better part of five years fighting off one on behalf of a client who owned a water park. We finally succeeded in getting reasonable financing, paid off the vulture capitalist, who rode off into the sunset. The vulture capitalist made money, my client made money, and the bank's vulture capitalist's and debtor's lawyer (i.e. me) each made money. The bank lost.
John
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