http://www.nhinsider.com/keith-murphy/Copyright NHInsider.com 2006-2007en-USSquarespace Site Server v5.5.4 (http://www.squarespace.com/)Dave JarvisThu, 05 Mar 2009 01:47:46 +0000http://www.nhinsider.com/keith-murphy/2009/2/26/this-is-madness.html#comments13961:1713502:comment/3109290
Last word...]]>Tim OliverTue, 03 Mar 2009 20:31:37 +0000http://www.nhinsider.com/keith-murphy/2009/2/26/this-is-madness.html#comments13961:1713502:comment/3088383In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

The action, which will begin as a pilot program involving 24 banks in 15 markets – including the New York metropolitan region – will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.

Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.

But,hey it's all Bush's fault!

Can you name a single policy proposed or enacted by President Bush that directly contributed to this current recession? Just one.]]>Tim OliverTue, 03 Mar 2009 19:02:18 +0000http://www.nhinsider.com/keith-murphy/2009/2/26/this-is-madness.html#comments13961:1713502:comment/3087083
"Spending is not what created this crisis".Are you serious?Why are we bailing out state/city governments all across this country?You don't think out of control property/income taxes are'nt part of the problem in this mortgage crisis?Government is complicit in this mess we are in.That people like you can't see that IS THE PROBLEM.When times were good government did not care where the economy was headed because thier coffers were overflowing with tax dollars.Now that the shit hit the fan,government is blaming it on the private sector and the little lemmings that are the American people are falling for it hook,line and sinker.Also,if this stimulus is good for the country why dont we just spend 10 trillion more.Hell,why don't we just send every American family one million dollars?

Unfortunately people like you are rather clueless when it comes to our government.Reagan did'nt create deficits,Congress did.You do know that all spending bills have to go thru congress don't you?You do know that with Reagans tax cuts money poured into the treasury don't you?and the pigs in Congress managed to spend it faster than it came in. I think you need to research the Reagan years.Reagan wanted Congress to balance the budget but he was'nt willing to compromise when it came to the nations defense.Unfortunately the traitors that inhabited Congress at the time decided thier social spending(buying votes)was more important than the nations fiscal health.Congress then went on a spending spree that has not stopped since..Same thing with the first amnesty to the illegals.Reagan supported it because Congress was suppose to crack down on the illegals.They lied,what a surprise.



Democrats have been crying about this economy for years now so you would think they would have been the first to exercise fiscal restraint.Yet you idiots vote for bigger government every chance you get.Remember,NH's Dem led government increased the budget by 17% just two years ago.Brilliant!

Bambi keeps blaming this on Bush.You do know that Dems have controlled Congress for the last two years ,don't you.Bambi was a Senator during that time,right?Maybe you could point out the legislation he filed to prevent this mess we are in?Did he do anything but vote present?When do you children(Dems/RINOs) ever take responsibilty for any of this mess?]]>Dave JarvisMon, 02 Mar 2009 23:38:12 +0000http://www.nhinsider.com/keith-murphy/2009/2/26/this-is-madness.html#comments13961:1713502:comment/3072057
Of the arguments put forward yours holds water. At least in this response, you don't blame Obama for this economic Armageddon and you wisely question how this trillion dollars is being distributed. I couldn't agree with you more, but with an emergency spending bill this size that needed to pass within weeks of his taking the presidency I am realistic enough to know that a portion of it will probably end up in the hands of the "kitten beating society" and the "phlegm research center". I can't really hold Obama to the fire on this bill. Even now, we are haemorrhaging jobs and liquidity and our biggest banks are insolvent.
My feeling is, the only way through this is to hold your nose and swim through the crap and home that some of this stimulus takes hold. Because I know you understand like I do Richard, hyperinflation became a reality July of last year. We got spanked yesterday and some of us felt it. Now today everyone's saying ouch. There's only one thing you can deduce...yesterday they were high on something.
Strangely enough Richard, some people are still investing in the dollar. Some people think it is still a valuable item. It almost seems like Mr. Murphy is one of the delusional. As of July of last year we might have been able to work things out, now it's over. The economy crashed to a halt under Bush's watch.
Now, if printing out trillions of dollars to feed our people is something still within our power and if the Asians are dumb enough to buy it, I think we should do it. People are suffering and at least if we can save some of our banking infrastructure before the country goes bankrupt it might make things easier.
Unemployment will push 15% (officially) and underemployment will be epidemic and there is little we can do about it except use what little credit we have with the Chinese. The big problem is that while we are riding on the Titanic, Asia actually IS the Titanic. When they go down they will suck us all down with them and will complicate this mess entirely.
If we save the banks, If we save some manufacturing, and if we keep our people fed and housed, and they don't revolt (which is a shade away from reality when this thing really hits), then (God willing) we may arrive at the hallowed halls of bankruptcy ourselves and end up creating a new currency, a new banking system, and possibly a window of opportunity for Austrian rules economics. That's all with the threat of the Chinese, the Russian, the European and the Islamic response, which might be a bit angry. Anyway, that's the best case scenario.
The worst is that our hungry, frustrated, tired, depressed people might investigate the family of our last president and call THAT the powers that be. The sleeping REDS among us have an extremely valuable tool there that might turn our country into a complete mess, ( a return to the old RED and WHITE battle from Dr. Zhivago, if you get my drift )

People will go nuts, our enemies will be beyond furious with us, and we will all be cold, hungry, and quite disillusioned. We will be quite lucky to make it to bankruptcy restructuring before elements of our country begin to go pop. Obama and this stimulus...don't waste your time.

What are you running for in 2010?]]>Richard BarnesMon, 02 Mar 2009 20:32:52 +0000http://www.nhinsider.com/keith-murphy/2009/2/26/this-is-madness.html#comments13961:1713502:comment/3069353
Dave that may or may not be true. I'm personally of the belief that when you find yourself up to your eyeballs in debt you don't take out another credit card and spend even more but that's not the point I'm debating here.

The thing you have to admit is that HOW Obama is spending the money is not going to help anyone.

Giving billions to 3rd world nations for "family planning" (ie abortions)?
Giving billions to a voter registration group currently under investigation for voter fraud (ACORN)?
Giving lower side of the tax payer ladder and extra $13 a week in tax "credits"?

How is any of that going to help us in the long run?

Look back at Reagan and how he got us turned from the disaster created by Carter. He cut taxes allowing the wealthy more money in their pockets. They in turn invested and created new wealth by growing businesses. The government expanded military contracts producing new weapon technology like the stealth bomber, the R&D created new jobs that actually produced something. The spending by the government planted seeds of new technology businesses which later grew into the Internet which spawned much of the growth we saw under Bill Clinton.

It wasn't simply the spending alone that produced the results under Reagan, it was where it was spent. I'm not seeing the same "where" coming from Obama. In fact where Reagan was trickle down, Obama seems to be hoping for some kind of trickle up flow which I've never seen actually succeed.]]>