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That Obama's at it again!

Original post made by Tea Party Patriot, another community, on Oct 9, 2010

Obama strikes at our free enterprise system again in another attempt to ruin our economy and implement his Radical Agenda to destroy freedom in America! Yup, he's vetoed a Republican-backed bill to protect businesses!

According to Fox News (other sites have a predictable Lamestream Liberal slant!), this bill would have allowed lenders to expedite foreclosures to get deadbeat socialist scum out of the homes they feel "entitled" to, which would facilitate economic recovery.

Government interference into corporate business must stop! Our country guarantees "life, liberty and the pursuit of happiness," not "the pursuit of homes you can't afford!"

This is clearly Unconstitutional! He must obey the will of the corporations that make America great!

For more, read here: Web Link

Comments (7)

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Posted by wtf?
a resident of Bridle Creek
on Oct 9, 2010 at 9:36 am

"this bill would have allowed lenders to expedite foreclosures to get deadbeat socialist scum out of the homes they feel "entitled" to, which would facilitate economic recovery."

Are you nuts? Out of 12 couples around the Bay Area that over encumbered themselves with Alt-A loans and lost their homes, 9 were devout Christian Republicans like us.

The first phase of foreclosures were due to Sub prime loans.

Credit dings are not subject to party lines last time I checked.

Liar loans were rampant and these were not subject to political party affiliation either.

The second phase of foreclosures were due to Alt A Loans.

There is not evidence that someones political affiliation would subject them to decide on signing Alt A loan Docs.

The third wave of foreclosures was/is mostly Prime Loans. People with god credit who took adjustable ARM loans in which the monthly payment escalated beyond their means.

Factor in people taking out second loans and refinancing when their home increased substantially in value. only to find they have now lost up to 35% of LTV (loan to value) and many good dems and Republican have walked away from their homes leaving the underlying financial loss to the "investors". Most often the underlying loans were put in trauches and WE the tax payers are paying fro the institutional LOSS at this point.

Lastly,if all the institutions holding off on foreclosing loans delinquent and or "shadow inventory" were all foreclose and or to release all this "shadow inventory" (homes foreclosed and not on the market, YOUR home would go down another 10-15% in value. When the banks were bailed out, one of the agreements was that they work with homeowners in default and slow down their foreclosing and releasing inventory as the economy was at the brink of disaster.

Recently the foreclosing of home was gaining momentum and the releasing of this "shadow inventory" was driving home prices down and affecting our economy. Had the Prese not vetoed this Republican bill, we would have been in deep doo doo.


To suggest that people who loose their homes are "deadbeat socialist scum" is just plain asinine at best.






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Posted by Tea Party Patriot
a resident of another community
on Oct 9, 2010 at 9:44 am

@wtf: If you couldn't afford your home you shouldn't have bought it! Stop blaming others for your own mistakes and take responsibility for your actions like a real Christian and a real Republican!

What, just because you gambled and lost you now expect Big Government to bail you out? Then yes, you're a socialist!

Oh, and learn to spell. It's "lose," not "loose." You should know that.


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Posted by MePartyPatriot
a resident of Downtown
on Oct 9, 2010 at 2:18 pm

MePartyPatriot is a registered user.

[portion removed]

Seriously, Rupert Murdoch, blatantly supports GOP and conservatives if they help his ratings. It's all about ratings, baby!

And, to boot, he's only a naturalized American at that, you really don't expect us to take you seriously when you quote a bias source? Even I check out Huffington or so-call liberal-bias broadcasters on the internet for some sort of confirmation. And when I read confirming stories I always check the source if I suspect they are biased.


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Posted by Maria
a resident of Another Pleasanton neighborhood
on Oct 10, 2010 at 11:22 am

Grow up, people. This partisan bickering does nothing but tear this country apart.
Here's an AP link to the same story so nobody can complain of bias: Web Link

According to AP, the bill basically would have "loosen[ed] the process for providing a notary's seal to documents and allow them to be done electronically." I don't know where you got your... rather different interpretation of the bill from, OP...

I do have to point out, though, it doesn't seem like you read your own link very thoroughly:

-"I first introduced this legislation in April of 2005 and obviously there was no concern about weakening the foreclosure documentation process at that time," said Rep. Robert Aderholt, R-Ala. "This is a bill that would help people and I am disappointed that it was vetoed."

Ah yes, 2005, WHEN WE STILL HAD A HOUSING BUBBLE.

-"O. Max Gardner, a consumer lawyer in Shelby, N.C., said the bill would have made the problems with foreclosure documents worse. That's because mortgage companies would have been able to mass-produce documents and affix a digital version of a notary's seal rather than one on paper."

This was mentioned in both articles, the Fox and AP reports, so I think this would be something worth looking into...


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Posted by MePartyPatriot
a resident of Downtown
on Oct 10, 2010 at 10:28 pm

MePartyPatriot is a registered user.

To the Staff of the Pleasanton Weekly online: if you "[portion removed]" then remove the whole submission. You either censor the whole or nothing. There was absolutely nothing in the previous section that should have been censored.

As to Maria, you are right about the bickering. But to you I write: one's pearl is another's oyster.


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Posted by dublinmike
a resident of Dublin
on Oct 11, 2010 at 10:25 am

dublinmike is a registered user.

I agree with MePartyPatriot's comment above. Either remove the entire post or leave it the way it was.

I saw this original post and found nothing offensive. As I recall, all he mentioned was that relying on a single source, bias at that, was not useful.


 +   Like this comment
Posted by MePartyPatriot
a resident of Downtown
on Oct 11, 2010 at 1:01 pm

MePartyPatriot is a registered user.

Thanks Dublinmike


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