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Second Presidential Debate

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I think its a bad idea that will cost the government a lot of money. Lets say a person has a $200,000 mortgage, the government buys it, then its determined that the house is worth $160,000. Thats a $40,000 loss, and absolutely no financial gain.

Yeah, or like I've seen in the Denver area---$400k mortgage, house worth $300k... ouch.

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Can someone tell me why Tom Brokaw was such a bitch about the time rule, but didn't seem to care at all about making the candidates answer the question that was asked? It was incredibly frustrating how both candidates dodged any question they wanted. This debate was only conclusive about one thing: This debate format sucked.

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I think its a bad idea that will cost the government a lot of money. Lets say a person has a $200,000 mortgage, the government buys it, then its determined that the house is worth $160,000. Thats a $40,000 loss, and absolutely no financial gain.

Well, actually, if you participate in this program, you have to promise a portion of any future profits on the sale of the house to the government. So if you let the goverment eat your $40,000 loss today but sell your house in 15 years at a $100,000 gain, the government gets to take $40,000 of that back.

I made up the percentages, but that's basically house it works.

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I wonder if he made that policy up on the spot... seems like it could be very costly..

Could be. At least it's something new to hear about and maybe will cut some of the negative ads from both sides. McCain's lack of wanting to prioritize is a bit concerning too. The math on this stuff doesn't appear to hold up -- cut taxes, cut some gvt spending, then spend more + war costs. :scratchchin:

4 more weeks until it's over...can't wait!

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Can someone tell me why Tom Brokaw was such a bitch about the time rule, but didn't seem to care at all about making the candidates answer the question that was asked? It was incredibly frustrating how both candidates dodged any question they wanted. This debate was only conclusive about one thing: This debate format sucked.

Commercial Television and East Coast time deadlines for the 11 pm news. I think that the artificial time limits stunts the debate. It's about the $.

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Thats assuming people hold on to their homes long enough for the value to increase. If the government eats $40,000 up front, but the house only sells for a $10,000 gain, the government is out $30,000, unless we get into some sort of government mortgage perpetuity deal where a house has to be mortgaged through the Treasury until the loss is recouped.

Edited by Satty

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Could be. At least it's something new to hear about and maybe will cut some of the negative ads from both sides. McCain's lack of wanting to prioritize is a bit concerning too. The math on this stuff doesn't appear to hold up -- cut taxes, cut some gvt spending, then spend more + war costs. :scratchchin:

4 more weeks until it's over...can't wait!

The old phrase 'voodoo economics' comes to mind.

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Oh, and a "steady hand at the tiller" wouldn't be running a psychotic ADHD campaign centered around making big splashes (Palin, suspending campaign) to be the top story in the news.

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I think that the artificial time limits stunts the debate.

Seriously. This wasn't a debate. It was alternating stump speeches.

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Well, apparently my gut instinct was wrong...two polls have Obama winning this debate so far, with CNN by a pretty large margin.

I thought Obama's quip about the wheel falling off the straight talk express was pretty good.

One major mistake that McCain made was when he was answering the question of the African American guy, he made the assumption that the young man asking the question didn't know who Fannie and Freddie were before the crisis. I know McCain was trying to be "folksy" by acting as if that man were maybe just an average American that doesn't follow all the Wall Street hoopla (and the man did a pretty poor job of articulating the question), but it is a mistake to assume the intelligence of someone you don't know. He should have known that.

Edited by mustang84

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Thats assuming people hold on to their homes long enough for the value to increase. If the government eats $40,000 up front, but the house only sells for a $10,000 gain, the government is out $30,000, unless we get into some sort of government mortgage perpetuity deal where a house has to be mortgaged through the Treasury until the loss is recouped.

which is why it's a bad idea.... but that's how the plan works

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McCain is friends with everyone apparently so he should win handily.

"My friends" drove me nuts. It was like he was a used car salesman trying to con me into buying a lemon.

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I think BOTH candidates should have dug up dirty laundry on Tom Brokaw, and turned on him!!!!!!!!

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"My friends" drove me nuts. It was like he was a used car salesman trying to con me into buying a lemon.

Yep, almost as annoying as people you barely know calling you buddy.

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I think BOTH candidates should have dug up dirty laundry on Tom Brokaw, and turned on him!!!!!!!!

that would at least be bipartisan. :lol:

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Both McCain and Obama rambled on and on, McCain a little more than Obama. Obama sat there with his "I'm Smarter than You" expression on. The country should be able to do better than these two. Obama is a tool of the extreme left and McCain is all over the place. We all lose.

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Same questions with the same answers from both of the candidates. Yawn.

Seriously, are these our ONLY choices that have a chance to win? Anybody else got a chance than these two???? PLEASE?

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Same questions with the same answers from both of the candidates. Yawn.

Seriously, are these our ONLY choices that have a chance to win? Anybody else got a chance than these two???? PLEASE?

Such it is with the two party system. And remember, the primary season was very compressed this year, so the field was winnowed to 2 very quickly.

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"My friends" drove me nuts. It was like he was a used car salesman trying to con me into buying a lemon.

Since this is an automotive forum...yeah...he is trying to get you to buy a "used car"...a Maverick....72 model....and a lemon.

Chris

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I think the other two threads were more exciting. IMHO

You may be right, but for whoever gets in office it will be a very long four years. I don't envy either of them. The economy isn't going to get better for at least 5-8 years IMHO, and it may get MUCH worse.

We are already loosing a lot of contracts at work because none of our clients can get financed for any form of commercial construction, not even the hospital that 3 of my 5 children were born at.

When Ohio Health, INC. can't get a loan for capital improvements, we are in trouble.

There is no quick fix for any of this.

Chris

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Since this is an automotive forum...yeah...he is trying to get you to buy a "used car"...a Maverick....72 model....and a lemon.

Chris

With 4 bald recap bias-ply tires, an engine knock, and lots of bondo.. :)

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