When Obama wins, How will you celebrate?

Originally Posted by dyyhard


listen to this song.
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I Just Got Barack Roll
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Actually i think the bigger question is what will you do if he gets assasinated. We've all heard and seen things about JFK but with all this talk aboutpeople plotting to do it and the KKK getting involved its a serious possibility and its kind of scary.

Im not a Obama supporter but the things im hearing are just wrong and terrible.
If this were to actaully happen idk if this will be bigger or equal to 9/11 but it will be a messed up day in America.

Also its kind of getting annoying how everyones for some reason getting cocky and assuming hes gonna win..stop it with that.
 
I suppose I will do the same thing if either Obama or McCain wins; think to myself, "This could get interesting."

On a side note, I will also eat cake as it is my birthday.
 
Originally Posted by FlyNY

I was watching CNN and i thought about how im gonna celebrate
Ill probably stand on my roof, light a couple red/whit/blue fireworks..Then Light some red/black/green #*%##
Hop in the lex bubble with my sons and drive around NY blasting "Fight the Power" word to Radio Raheem
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This dude got a bicycle with a kickstand and smoking some cat hairballs his cat threw up at best.
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Originally Posted by Method Man

Originally Posted by Rexanglorum

Meth, you need to go to another afternoon long symposium or two to understand that this mess was largely caused by a lack of freedom in the market place. I know you and many, many other Americans want to find any reason to proclaim a failure of markets but its is hard for free markets to fail when market forces have never really been allowed work without some sort of heavy handed state interference since pretty much the beginning of this country's existence. Even the the Gilded Age, the so called age of Laissez-Faire was largely one that was gilded by protectionism, subsidies and fairly strict banking regulations like bans on branch banking for certain banks. You have to first try something in order for it to fail.

I know that as a dyed in the wool, supporter of an all powerful, ever present state I cannot change your mind and persuade you to support the radical solution of letting people bargain with banks and reaching a mutually satisfactory deal, but I must ask you this. Since easy credit is now branded as predatory lending and hard credit is called redlining, what is are banks supposed to do going forward? Even after nationalizing banks, someone would eventually have to choose between hard money or soft money and both have advantages and disadvantages.

As far as lenders being to blame is concerned, you are right and crc is also right that borrowers are to blame. All parties involved are to blame and it would be nice if people could take this whole situation as an opportunity to analyze the absurdity of clinging onto partisan loyalty or ideological dogma. Oh well, old habits are hard to break.


When Obama is elected, I will not be having any long and drawn out celebrations. Barack Obama, like any other politician is not a messiah, he is far from it. However, playing "Fight The Power" loudly and late at night is always something I would like to do and I might get an excuse for doing so.
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It appears your "perfect information" is a bit off. You seem to be alluding to the fact that I was invited to an event inside the Capitol Building on the mortgage crisis last fall - at a time when you thought all of this was overblown and, frankly, appeared to bluff your way through the conversation like Sarah Palin after a bottle of scotch.

Evidently, people in your life have done you the terrible disservice of gassing you up to comical proportions and it's not likely to serve you well in the long term. You strut in here and disrespect me for absolutely no reason, then act like you've dropped something earth shattering by positing "laissez faire" as a divine skeleton key. I thought you would've arrived armed with at least one comment that demonstrated some specific familiarity with subprime lending - but I guess you have enough homework already. Hey, we're all busy. That said, you don't see me going into WNBA posts and picking fights with Ska & co., acting like my knowledge of the 1990's Chicago Bulls will carry me through absolutely ANY conversation.

"My poor deluded Ska, had you only the ovaries you'd make the perfect addition to the Minnesota Lynx bench. Clearly, the Sparks' failure to run Tex Winter's triangle offense results in their offensive inefficiency. Why, they can't even score 100 points in a game! Furthermore, they really ought to try using a point forward, or at the very least a 6'6' guard - much in the vein of a Ron Harper."

While I'm hardly the world's foremost expert on the matter, to suggest that the sum total of my experience with this issue rests in an "afternoon symposium" is as offensive as it is inaccurate. Though the details of my personal life are absolutely none of your business, the truth of the matter is that I've seen nothing out of you to suggest more than a facile, dismissive view of the situation. In terms of specialized knowledge on the subject, you have decidedly LESS than an afternoon symposium going for you. Thus far, you've spoken only in vague generalities, looping the same chorus lines from previous posts that, while ostensibly covering a wide range of subjects, merely recite the same tired point ad nauseam. You love the free market. We get it. That doesn't really mean much of anything in this context.

I'm a firm believer in allowing ideas to speak for themselves. Some of the most brilliant minds the world has ever known never so much as graduated from high school. A diploma is largely a measure of privilege. So, I'm not going to sit here and say that my view is more informed than yours based on resume lines alone - but for you to look down your nose at me given your utter lack of credentials is beyond hypocritical.

Like many people, I've long been familiar with predatory lending practices but not well attuned enough to the subprime market to foresee the current crisis. So, last summer I considered it important to learn more about the situation. Yes, that meant attending an "afternoon symposium" at the Capitol Building, as well as other conferences, like the National Community Reinvestment Coalition's annual conference this spring, at which Federal Reserve Chairman Bernanke delivered the keynote address. I'm indebted to the former senior vice president of research at Fannie Mae for helping me get up to speed more than any other, yet I've also spoken with many others actively working in the policy sphere whose names I have no desire to drop. I haven't simply taken their insight as gospel, however, I've analyzed HMDA data and read through a great many reports from sources that, I'm sure, you'd hate and, unlike Sarah Palin, I'm capable of enumerating a selection of them - like ACORN, the CRL, the Consumer Federation of America, the work of independent scholars, as well as government reports from HUD and the Treasury Department. So, I'm trying to stay informed and consider it responsible to do so.

I didn't come in here presenting myself as an expert - just somebody who wanted to provide a counterpoint to what I consider frivolous victim blame - yet clearly you seem to think you know far more than I, what with my meager attendance of a silly "beltway insider" soirée.

I don't know how much you've looked into this issue in particular, but I've found the view that this represented a regulatory failure is pretty damned common. For you to object to it, frankly, shows just how distant you are from the issue. Today, even the staunchest of conservatives now realizes that an abject lack of regulation facilitated the current credit crisis. Total deregulation is every bit the fantasy as perfect regulation. You need checks and balances - and our current system is woefully unbalanced.

The truth of the matter is that redlining is part of the reason why many minorities living in segregated communities lack access to mainstream lending institutions (just visit www.nedap.org and view their mapping project), yet even when controlling for income women and people of color received a disproportionate share of poison pill mortgage and refinance loans. In fact, many upper-income Black Americans were steered into subprime loans. Discrimination was a problem, out and out FRAUD was a problem, and certainly misinformation was a problem. Loan originators simply turned around and sold mortgages, losing all accountability in the process and, once placed in a tranche, the terms of any one mortgage could no longer be renegotiated. We saw MASSIVE real estate appraisal fraud feeding the subprime industry, the results of which are disastrous in and of themselves. You had people signing documents containing terms entirely different from those discussed beforehand - a classic bait and switch scheme. The underwriting for these loans went far beyond reckless. They often didn't even verify borrower ability to repay. Many failed to establish escrows for taxes and insurance. A great many mortgage brokers misled borrowers, often encouraging them to lie about their income, channeled them into low or no doc loans, or otherwise exposed them to excessive interest rates - even if they qualified for prime rates - to earn a kickback in the form of yield spread premiums. Even with the most naive faith in eventual self-correction, what's more likely to happen first: this problem correcting ITSELF or the economy collapsing? The subprime crisis effected the largest loss of minority wealth in the history of this country. That's not acceptable. It could, and should, have been prevented.

Tell me: why don't you see this stuff in the prime market?

Clearly, we failed to offer even an ounce of prevention, now how many TONS of cure are necessary? Recklessness in one sector has impacted the whole. That is what isn't yet factored in to many balance sheets. You don't factor, for example, the associated healthcare costs we ALL bear as a result of corporate pollution into that ONE company's decision to pollute, say, Methanex, for example. They look out only for their bottom line. Who looks out for society's bottom line? Government? No, that would be communism.
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Considering ALL regulation evil is just so far off the spectrum of practicality that it's not even worth discussing. Not all companies operate rationally, let alone ethically. They screw up, we pay for it. I just bought 500 acres of land and want to establish a nuclear test range outside of Fresno. We're cool, right? Get real. Personally, I'd rather not wait for boycotts and competition to gradually force Shylock to relocate if I can help it. One victim is too many but, then, I'm sure there are those who feel the victims "had it coming." I'm sure they all read the fine print for every single document they sign and all the licensing/terms of use agreements they click through on their computers. Perfect information, perfect education, and the time to synthesize both before every single transaction. Ah, life in heaven is grand.

The great irony in all of this is that many industries wind up welcoming regulation because it helps to break up an arms race that becomes ever riskier and more unethical. No, companies don't generally want THEMSELVES to be regulated - but they want their competitors' behavior regulated. It's like post limits on NT. You don't want to be limited to 2 topics - but, be honest, aren't you glad ______ is? Set theory aside. In theory, as Homer Simpson notes, communism worked. In practice regulation isn't always an anathema - nor is it ALWAYS the single best solution.

Could regulation have helped in this situation? You're damned right, but certainly there are desirable market interventions as well. We could use more CDCs, more non-profit banks, more microlenders in place of payday lenders and CCOs, and so on. Government is far too corruptible to entrust exclusively with the responsibility of preventing further abuse, let alone rectifying what's already been done, but certainly it's no longer even debatable as to IF government ought to have a role in all of this - particularly since the government was complicit in the development of this problem to begin with. And if you want to call the government's response thus far a cash grab or a bail out, fine, but it sure as hell ain't the families who took on these loans who are benefiting, which was my point to begin with.

That you so consistently resort to placing me in the role of your favorite socialist strawman only demonstrates your detachment from reality. Apparently, you still lack the capacity to engage an issue as anything other than a binary opposition. Supporting government intervention for certain issues does not automatically make one a stalwart communist. Sorry. You'll have to find another bogeyman. Your silly caricatures aside, you know virtually nothing about me. You seize only on a few isolated keywords before launching into another predictably glib, specious defense of the pristine, infallible free market known only to textbooks. You may find the real world less accommodating to that view.
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regardless of who wins, this election just proves that this nation is even more divided

i just cant wait for this to be all over. all this back and forth politics just gets me sick. i want to hear about issues, but all i hear is 150k wardrobes,and other nonsense. give me politics and not E news material.

whoever wins, there is a lot of work to do, and hopefully this nation can come together
 
I'm purchasing a bullet proof vest, panic room and shot shells.
Then I'm calling in sick at school and work for 2 weeks
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i dont know.

ill be overcome with joy.
but.
maybe the celebraton should start when changes are actually made.
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Co-sign on that.

yo Obama can say whatever he wants. but he will ruin it for every black man who runs after him if he doesnt do anything.

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at the people he runs with in the chi though..my parents are from there and they know his crew aint no good
 
I try to avoid all political discussions on this board, but I would love a full scale economics debate between 10 of us or so. It would be incredible Ithink.....
 
I would celebrate by not doing any of my homework and put no more effort in school because i will be then making the same amount of money as the person who isACTUALLY working. (Sarcasticly)

If dude gets elected this country is gonna be the laziest ever. If this dude gets elected this countries gonna go down the drain quick.

SOCIALISM FTL.

ITS NOT GONNA WORK!
 
I'm going to laugh for/at all those that are going to cry and complain (that they were duped) later on.
 
Originally Posted by nycknicks105

dude is NOT going to win. When McCain wins, ill sit around my apartment and wonder what the hell im going to do for the next 4 years.
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So.... if obama wins you can sit around your apartment and do nothing but instead my taxes will pay your rent.
Your welcome in advance, and everyone else with their hands out. F socialism this is America... Obama is bad for our country thank god most of these idiotsdont vote.
 
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