More lies from Romney

[Dlachance]

It's purpose is to keep mortgage rates low, in effect to stimulate home ownership and buying.

I believe I am not following. So, borrowing $40B a month to purchase shitty investments is keeping the rates low? Im not being a smartass, just curious.

[CJ]

I believe I am not following. So, borrowing $40B a month to purchase shitty investments is keeping the rates low? Im not being a smartass, just curious.

It frees the lenders up so they do not have as many losses. Rates increase due to many factors, one of which is expenses on servicing those loans, and also the amount you're extended on your line of credit. US buys up a bunch of mortgage loans, banks are freed up. Essentially the end result is the lenders will continue to buy loans the same way, without adjusting their rates. This will cause their portfolio to grow again with unstable and less profitable mortgages - further lengthening the depression in the housing market.

Here's a quote from Gus Faucher - senior economist explaining the same thing, essentially:

"The new Fed policy suggests that a housing market recovery is key to stimulating labor markets and eventually spurring a full-fledged recovery, Faucher explained. By keeping mortgage rates low -- and possibly pushing them even lower -- through Fed purchases it will hopefully give the fledgling housing recovery some much-needed momentum."

It's all Political. This is QE3, the last two stimulus QE1 and QE2 didn't do anything at all besides waste billions. Anytime the government intervenes in the private industry it's artificial and very dangerous. This is yet again government intervention into the private market to force artificial rates to give voters the impression the economy is not getting any worse. The end result will be detrimental to the economy. This is all fake. The market is not correcting itself, it's being stimulated. The truth is all proponents of QE3 and Obama have one thing in common, they don't understand the economy.

[Dlachance]

That shines some light. Like said above, the fed, backed by the Congress and the Pres, are committing fraud on the people of the UD. Fuck them

[CJ]

That shines some light. Like said above, the fed, backed by the Congress and the Pres, are committing fraud on the people of the UD. Fuck them

Just focus on those bold words in that quote from the fed and their ambition, and remember that's $40 billion of our dollars and that is what they spent it on, those bold words.

[Jimbo]

He's not my messiah. And i never said i cared for the way he runs the country either. Hell, i never even said i voted for the guy. I just started posting because of all the negative posts in this forum about the potus, did some homework on these topics and found that the majority of them were a tad bit askew if not, completely off or false.

Then argue these falsehoods, and stop being a nut hugger. Your view of these candidates is screwed. Right now all you are doing is looking at a murderer and an annoying guy and deciding to attack the annoying guy. Prove the murderer isn't guilty and then I'll worry about your opinion of the annoying guy.

[Vertnut]

He's not my messiah. And i never said i cared for the way he runs the country either. Hell, i never even said i voted for the guy. I just started posting because of all the negative posts in this forum about the potus, did some homework on these topics and found that the majority of them were a tad bit askew if not, completely off or false.

Here's something you can study on: Going into effect on January 1, 2013, are 20 or more new/increased taxes involving your hero Barry, here are the top 5- 1)$20 billion NEW tax on medical device businesses. They must pay 2.3% on all GROSS sales, whether you're profitable or not. 2) $13 billion "special needs kids tax". 3) $123 billion ObamaCare Surtax on investment income. 4) $15.2 billion on medical accounts and will affect those with marginal incomes and high medical bills the most. 5) $86.8 billion Medicare payroll increase.

[Dlachance]

Just focus on those bold words in that quote from the fed and their ambition, and remember that's $40 billion of our dollars and that is what they spent it on, those bold words.

Wow. I just re-read that a few times. Crazy stuff.

[Vertnut]

Just focus on those bold words in that quote from the fed and their ambition, and remember that's $40 billion of our dollars and that is what they spent it on, those bold words.

If people aren't buying right now with 3% mortgages available, what will 2% do? This is what happens when a fucking "community organizer" who has never had a real job, is in control of an economy.

[CJ]

If people aren't buying right now with 3% mortgages available, what will 2% do? This is what happens when a fucking "community organizer" who has never had a real job, is in control of an economy.

QE3 is yet another vehicle for inflation. This administration feels compelled to force the free market to do whatever they want. It's the entire modus operandi of this administration - force everything to work the way they want it. If they can't produce results, they will fake them. The victim is the people and an economy that is perpetually in a state of stimulation, and never recovery.

[Vertnut]

QE3 is yet another vehicle for inflation. This administration feels compelled to force the free market to do whatever they want. It's the entire modus operandi of this administration - force everything to work the way they want it. If they can't produce results, they will fake them. The victim is the people and an economy that is perpetually in a state of stimulation, and never recovery.

I pity the next POTUS who has to deal with this. Poor bastard...

[CJ]

I pity the next POTUS who has to deal with this. Poor bastard...

It's not rocket science it's economics, just get your damn hands out of the free market system and let it correct itself.

[CJ]

I pity the next POTUS who has to deal with this. Poor bastard...

It's not rocket science it's economics, just get your damn hands out of the free market system and let it correct itself. Whenever the market is about to correct itself (which usually comes with a temporarily negative outlook) the administration steps in and stimulates so they don't look bad.

[jw33]

But all their friends will go broke???

[A+]

Fuck it. I'm going to Canada. Dem or Rep in office, were fucked. Ill probably start posting at dfwstangs and start saying aye after every sentance.,.,..

[Dlachance]

^watch it buddy, I'm from Canaduh