Mortgage Delinquencies, Foreclosures Increase

Bman wrote:

Cincy Fan 44 wrote:Bman I'm surprised you aren't all in favor of the Harrison Square project since it put people to work building the new stadium, and will put people to work tearing down the old one...

It did keep some construction workers employed, just not Mark's brother therefore it is not stimulus. Govt spending in and of itself is stimulus ... putting $$$$s into the economy moves things around therefore people are needed to do this ... pretty simple concept actually. Now you can get too many dollars in the economy chasing too few goods which invites inflation but almost all economists are not predict that scenario with this plan ...

Didn't you read the journal Saturday, the local unions are complaining not enough of the contracts for the hotel are coming to them.

http://www.journalgazette.net/article/20090530/LOCAL/305309993/0/FRONTPAGE

Maybe they just went with best value vs union.

meta4 wrote:

Kroman wrote:Meta, your "typical conservative" comment is a another way for you to admit you really don't have any answers either.

I'm not preoccupied with testing the fitness of the current plan.

That's because you're too busy drinking the koolaid.

Bman wrote:Sure ... I love angry responses, means I have gotten under your skin just like you guys do to me!

Not that it wasn't obvious but you shouldn't have admitted that Mark and others get under your skin. Time to take it up a notch. It's go time!

Kroman wrote:

meta4 wrote:

Kroman wrote:Meta, your "typical conservative" comment is a another way for you to admit you really don't have any answers either.

I'm not preoccupied with testing the fitness of the current plan.

That's because you're too busy drinking the koolaid.

For all your effort, will you have changed anything measurable?

See... that there 'swhat chacall a Hope.

nobody from the party of NO (and those who are closeted in same) ever answered bmans question about how would doing NOTHING have done any good or been any better.

floridafun wrote:nobody from the party of NO (and those who are closeted in same) ever answered bmans question about how would doing NOTHING have done any good or been any better.

I'm not sure about that party of NO, but the House Republicans offered alternatives...

http://www.foxnews.com/politics/first100days/2009/01/28/house-republicans-push-counter-proposal-stimulus/

Their bill, called the Economic Recovery and Middle-Class Tax Relief Act of 2009, promises a host of tax-cutting measures. It includes a 5 percent "across the board" income tax cut; an increase in the child tax credit from $1,000 to $5,000; a freeze on capital gains and dividends tax rates at 15 percent; and a number of other measures targeted toward businesses.

The Republicans authoring the alternative bill did not have an estimate for the cost of their counter-proposal, but Price said so far the bill has 65 co-sponsors.

Republicans said they're not just trying to make a political point, but put forward a proposal that reflects the wishes of their constituents.

"Bipartisan does not mean that either side should be giving up what their principles are," said Rep. Scott Garrett, R-N.J.

The Democratic bill due for a House vote Wednesday includes about $550 billion in spending and about $275 billion in tax cuts.

Rep. Eric Cantor, R-Va., and Rep. David Camp, R-Mich., have also proposed a substitute amendment to the Democratic bill that would strip almost all of the existing language and add income tax rate deductions, alternative minimum tax relief, small business deductions and other measures.

Rep. Mike Pence, R-Ind., said Wednesday that Republicans are "finding their voice" on the debate and "getting in the fight."

He and House Minority Leader John Boehner dismissed the Democratic proposal as a partisan grab bag driven by "old liberal spending priorities."

Google is your friend.

isnt this back to same-ole tried and failed economics?

""promises a host of tax-cutting measures. It includes a 5 percent "across the board" income tax cut; an increase in the child tax credit from $1,000 to $5,000; a freeze on capital gains and dividends tax rates at 15 percent; and a number of other measures targeted toward businesses.""

and exactly what is this? they are referring to a substitute amendment..this neglects to mention that what they did basically was strip most dem-requested "pork" out and kept all of theirs in..and thats change you believe in?

""Rep. Eric Cantor, R-Va., and Rep. David Camp, R-Mich., have also proposed a substitute amendment to the Democratic bill that would strip almost all of the existing language and add income tax rate deductions, alternative minimum tax relief, small business deductions and other measures.""

so they refused to meet with the dems, they tore apart every suggestion the dems made..but the dems kept some of the things the repubs wanted in the bill, they brag on youtube that their mission is to NOT agree with or vote for anything (sight unseen) the dems want..its their plan on how to get elected next go-around! they offer only generalizations and vague ideas and this is what you call a plan they offered?? where is the meat..the specifics financially..costs, how it will be laid out, when and how will it be apportioned.. and where the actual spending priorities would be etc. heckofa job on this non-proposal!

""The Republicans authoring the alternative bill did not have an estimate for the cost of their counter-proposal, but Price said so far the bill has 65 co-sponsors.""

meta4 wrote:

Kroman wrote:

meta4 wrote:

Kroman wrote:Meta, your "typical conservative" comment is a another way for you to admit you really don't have any answers either.

I'm not preoccupied with testing the fitness of the current plan.

That's because you're too busy drinking the koolaid.

For all your effort, will you have changed anything measurable?

See... that there 'swhat chacall a Hope.

So you are looking for hope on "The Real Board" which is loaded with Christian bashing from FF and pointless rantings by bman? Sounds like you are looking in the wrong place dude.

Kroman wrote:

meta4 wrote:

Kroman wrote:

meta4 wrote:

Kroman wrote:Meta, your "typical conservative" comment is a another way for you to admit you really don't have any answers either.

I'm not preoccupied with testing the fitness of the current plan.

That's because you're too busy drinking the koolaid.

For all your effort, will you have changed anything measurable?

See... that there 'swhat chacall a Hope.

So you are looking for hope on "The Real Board" which is loaded with Christian bashing from FF and pointless rantings by bman? Sounds like you are looking in the wrong place dude.

LOL ... if there is Christian bashing there is more than equal offset to FloridaFun ... and my pointless rantings are no different than your worthless drivel that you spew.

kromie has always thought anyone who disagreed with his religiosity was bashing him. gee sure would be special to be able to get back into the old jg board and copy the apologies in pm's he made for some of his diatrabes

Kroman wrote:

meta4 wrote:

Kroman wrote:

meta4 wrote:

Kroman wrote:Meta, your "typical conservative" comment is a another way for you to admit you really don't have any answers either.

I'm not preoccupied with testing the fitness of the current plan.

That's because you're too busy drinking the koolaid.

For all your effort, will you have changed anything measurable?

See... that there 'swhat chacall a Hope.

So you are looking for hope on "The Real Board" which is loaded with Christian bashing from FF and pointless rantings by bman? Sounds like you are looking in the wrong place dude.

Interesting, have we switched topics? My hope comment was directed at your fruitless toiling against *something* that's you perceive is wrong with the current economic recovery plan. Something you can't quite put it into words.

meta4 wrote:

Kroman wrote:

meta4 wrote:

Kroman wrote:

meta4 wrote:

Kroman wrote:Meta, your "typical conservative" comment is a another way for you to admit you really don't have any answers either.

I'm not preoccupied with testing the fitness of the current plan.

That's because you're too busy drinking the koolaid.

For all your effort, will you have changed anything measurable?

See... that there 'swhat chacall a Hope.

So you are looking for hope on "The Real Board" which is loaded with Christian bashing from FF and pointless rantings by bman? Sounds like you are looking in the wrong place dude.

Interesting, have we switched topics? My hope comment was directed at your fruitless toiling against *something* that's you perceive is wrong with the current economic recovery plan. Something you can't quite put it into words.

It's been put in clear, plain english. You just choose to have a different opinion about our government's plan to cure the economy than I do. So if disagreeing with you is "fruitless toiling" then so be it.

Foreclosure relief plan still coming up short
http://www.msnbc.msn.com/id/36039170/ns/business-eye_on_the_economy

By John W. Schoen
updated 4:40 p.m. ET, Thurs., March. 25, 2010

The government’s foreclosure relief program just isn’t working.

That was the assessment Thursday of two reports from government watchdogs and a panel of witnesses at a congressional hearing trying to find out why the Obama administration is falling far short of its goal of preventing millions of Americans from losing their homes.

Half of U.S. Home Loan Modifications Default Again
http://www.bloomberg.com/apps/news?pid=20601087&sid=aVYxPZ56vjys

March 25 (Bloomberg) -- More than half of U.S. borrowers who received loan modifications on delinquent mortgages defaulted again after nine months, according to a federal report.

The re-default rate of loans modified in the first quarter of 2009 was 51.5 percent by the end of the year, the Office of the Comptroller of the Currency and the Office of Thrift Supervision said in a joint report today. The figure, which measures payments at least 30 days late, climbed to 57.9 percent for changes made in the prior 12 months.

Way to go, that was a brilliant plan of attack you guys put into place there. Next up...the gov't will buy off your defaulted loan.