Hasty generalization.
The reason why you say it's not a good thing is because of the deficit.
no, you didn't listen to what i said. You essentially defended it by simply saying that 'everyone's for it'. I have explained whyit won't work in previous posts.
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LOL, redlining against those who have the same credit ratings and means as those getting loans had nothing to do with deregulation.
No. You are not reading carefully enough.
Case Summary
Plaintiffs filed their class action lawsuit on July 6, 1994, alleging that Citibank had engaged in redlining practices in the Chicago metropolitan area in violation of the Equal Credit Opportunity Act (ECOA), 15 U.S.C. 1691; the Fair Housing Act, 42 U.S.C. 3601-3619; the Thirteenth Amendment to the U.S. Constitution; and 42 U.S.C. 1981, 1982. Plaintiffs alleged that the Defendant-bank rejected loan applications of minority applicants while approving loan applications filed by white applicants with similar financial characteristics and credit histories. Plaintiffs sought injunctiverelief, actual damages, and punitive damages.
intimidation tactics, public charges of racism and threats to use CRA to block business expansion have enabled ACORN to extract hundreds of millions of dollars in loans and contributions from America’s financial institutions.
The Woods Fund report makes it clear Obama was fully aware of the intimidation tactics used by ACORN’s Madeline Talbott in her pioneering efforts to force banks to suspend their usual credit standards.Yet he supported Talbott in every conceivable way. He trained her personal staff and other aspiring ACORN leaders, he consulted with her extensively, and he arranged a major boost in foundation funding for her efforts.
http://www.nypost.com/seven/09292008/postopinion/opedcolumnists/os_dangerous_pals_131216.htm?page=0
ACORN - whom Obama did work with and sued with, DID push for lower mortgage standards.
why I have to keep looking up things and quoting them? Because you're not reading them?
I can't, I simply can't, believe that American Republican politicians, most of whom are highly educated, are unable to grasp the concept that new, sustainable technologies create new, sustainable careers. Not just jobs, careers.
And what % of this stimulus is that? And even then, is earmarked for interest groups and ethnic activists?
One also must factor in the level of corruption. I submit that the US , particularly Washington is at an all time high level of corruption, the type usually seen at the end of empire.
Ever been to some government run park where the food is so lousy and you wonder why? Its because there's skimming, corruption and pay offs going on.
Ever seen how horrible looking and bland federal buildings are, that often lack the most basic of services? again, because corruption is going on - the buildings often cost far more than private sector ones.
Have you heard about soldiers in Iraq lacking basic body armor or worse still, getting substandard ones, when contractors are making millions?
That's the state of Washington today. It didn't 'change' with Obama, it just got WORSE, he is the product of one of the most corrupt machines in the country. The media and his cult like supporters refuse to recognize this. Which is going to make things worse. At least if McCain were elected you'd be a bit more judicious and healthly skeptical. McCain expanding troops - bad - Obama - wrapping up the war on the terror.
