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Stimulus 'an absolute success,' says Biden

Discussion in 'Free Speech Alley' started by DJM136, Jun 3, 2010.

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PURPLE TIGER HOPE is not a strategy!

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That's convenient (and why they lost the house, senate and white house lately, they don't accept responsibility for their actions and the actions have been bad).
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Keep this line handy. It can probably be used again in two years. :grin:

It worked when the Democrats were run in the early 90's, worked again a few years ago...and considering how the Congress and administration are worse than the previous two combined...it should work again.

We can only pray to GOD it works as this country might not survive much longer with these clowns.

PURPLE TIGER, Jun 20, 2010

#51
houtiger Founding Member

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PURPLE TIGER said: ↑

Also go back and check again on the housing bubble. If the bleeding heart liberals weren't attemtping to buy votes from minorities and un/undereducated people, we wouldn't have had this mess. Thanks Barney Frank!

Also...just curious. Why do you live in Texas? Are you another of the many who had to leave the state because of the mess the Democrats here have left us with?
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Well Barney would be in good company with George Bush:

June 17, 2002
President Bush Calls for Expanding Opportunities to Home Ownership
Atlanta, Georgia

But my attitude is, if somebody can't find work and they want to work, we've got to continue to work on expanding the job base. And part of economic security is owning your own home. (Applause.) Part of being a secure America is to encourage homeownership. So somebody can say, this is my home, welcome to my home.

Now, we've got a problem here in America that we have to address. Too many American families, too many minorities do not own a home. There is a home ownership gap in America. The difference between Anglo America and African American and Hispanic home ownership is too big. (Applause.) And we've got to focus the attention on this nation to address this.

And it starts with setting a goal. And so by the year 2010, we must increase minority home owners by at least 5.5 million. In order to close the homeownership gap, we've got to set a big goal for America, and focus our attention and resources on that goal. (Applause.)

<snip>

And what we've got to do is to figure out how to make sure these stories are repeated over and over and over again in America. Three-quarters of white America owns their homes. Less than 50 percent of African Americans are part of the homeownership in America. And less than 50 percent of the Hispanics who live here in this country own their home. And that has got to change for the good of the country. It just does. (Applause.)

And so here are some of the ways to address the issue. First, the single greatest barrier to first time homeownership is a high downpayment. It is really hard for many, many, low income families to make the high downpayment. And so that's why I propose and urge Congress to fully fund the American Dream Downpayment Fund. This will use money, taxpayers' money to help a qualified, low income buyer make a downpayment. And that's important.

One of the barriers to homeownership is the inability to make a downpayment. And if one of the goals is to increase homeownership, it makes sense to help people pay that downpayment. We believe that the amount of money in our budget, fully approved by Congress, will help 40,000 families every year realize the dream of owning a home. (Applause.) Part of the success of Park Place is that the city of Atlanta already does this. And we want to make the plan more robust. We want to make it more full all across America.

Secondly, there is a lack of affordable housing in certain neighborhoods. Too many neighborhoods, especially in inner city America, lack affordable housing units. How can you promote homeownership if people can't afford a home?

And so what I've done is propose what we call a Single Family Affordable Housing Tax Credit, to encourage the development of affordable housing in neighborhoods where housing is scarce. (Applause.) Over five years, the initiative amounts to $2.4 billion in tax credits. And that will help. It will help a lot to build homes where people can -- where when fully implemented, people will be able to say, I own my home.

A third major barrier is the complexity and difficulty of the home buying process. There's a lot of fine print on these forms. And it bothers people, it makes them nervous. And so therefore, what Mel has agreed to do, and Alphonso Jackson has agreed to do is to streamline the process, make the rules simpler, so everybody understands what they are -- makes the closing much less complicated.

We certainly don't want there to be a fine print preventing people from owning their home. We can change the print, and we've got to. We've got to be wise about how we deal with the closing documents and all the regulations, but also wise about how we help people understand what it means to own their home and the obligations and the opportunities.

And so, therefore, education is a critical component of increasing ownership throughout America. Financial education, housing counseling, how to help people understand that there are unscrupulous lenders. And so one of the things we're going to do is we're going to promote education, the education of owning a home, the education of buying a home throughout our society. And we want to fully implement the Section 8 housing program, homeownership program. The program will provide vouchers that first-time home buyers can use to help pay their mortgage or apply to their downpayment.

<snip>

And so these are important initiatives that we can do at the federal government. And the federal government, obviously, has to play an important role, and we will. We will. I mean, when I lay out a goal, I mean it. But we also have got to bring others into the process, most particularly the real estate industry. After all, the real estate industry benefits when people are encouraged to buy homes. It's in their self interest that we encourage people to buy homes. (Applause.)

And so one of the things that I'm going to talk about a little bit today is how to create a sustained commitment by the private sector that will have a powerful impact. First of all, we want to make sure that we help work to expand capital available to buyers, and as I mentioned, overcome the barriers that I've delineated, as well as provide the education component. In other words, this is not just a federal responsibility.

That's why I've challenged the industry leaders all across the country to get after it for this goal, to stay focused, to make sure that we achieve a more secure America, by achieving the goal of 5.5 million new minority home owners. I call it America's home ownership challenge.

And let me talk about some of the progress which we have made to date, as an example for others to follow. First of all, government sponsored corporations that help create our mortgage system -- I introduced two of the leaders here today -- they call those people Fannie May and Freddie Mac, as well as the federal home loan banks, will increase their commitment to minority markets by more than $440 billion. (Applause.) I want to thank Leland and Franklin for that commitment. It's a commitment that conforms to their charters, as well, and also conforms to their hearts.

This means they will purchase more loans made by banks after Americans, Hispanics and other minorities, which will encourage homeownership. Freddie Mac will launch 25 initiatives to eliminate homeownership barriers. Under one of these, consumers with poor credit will be able to get a mortgage with an interest rate that automatically goes down after a period of consistent payments. (Applause.)

Fannie Mae will establish 100 partnerships with faith-based organizations that will provide home buyer education and help increase homeownership for their congregations. I love the partnership.
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President Calls for Expanding Opportunities to Home Ownership

Thank you Mr. President. Bush lead the charge from the white house.

houtiger, Jun 20, 2010

#52

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MLUTiger Secular Humanist

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DJM136 said: ↑

All after Dems took over Congress. The rest of your post doesn't change a thing about what the graph tells me.

I blame the fanatical muslims that planned and carried out the attack. So, I see you're someone who blames America for everything. I see why you're an Obamapologist.
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A ignoramus' point of view. The policies that led to the financial failings were written and enacted long before then. You might as well blame it on the death of Michael Jackson.

MLUTiger, Jun 20, 2010

#53
gumborue Throwin Ched

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PURPLE TIGER said: ↑

Good thing you live in Houston. Try coming back to Louisiana where we've been led by Democrats (almost completely) for the past 100 years.

Why are we last in education, income, health, quality of life, etc.?

It's a one word answer...DEMOCRATS!
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its not because of Democrats, its because of the people of Louisiana.

gumborue, Jun 21, 2010

#54
PURPLE TIGER HOPE is not a strategy!

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gumborue said: ↑

its not because of Democrats, its because of the people of Louisiana.
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Then why are the parishes with the highest percentage of Republicans doing much better than the ones dominated by Democrats?

Also...if we can blame the nation's woes on a party or party leader, why can't we do the same for a state?

The fact is...we're at the bottom due to Democratic leadership. PERIOD!

PURPLE TIGER, Jun 21, 2010

#55
LSUsupaFan Founding Member

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PURPLE TIGER said: ↑

Then why are the parishes with the highest percentage of Republicans doing much better than the ones dominated by Democrats?

Also...if we can blame the nation's woes on a party or party leader, why can't we do the same for a state?

The fact is...we're at the bottom due to Democratic leadership. PERIOD!
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Haven't we had Republican governors for 11 of the past 12 years? Hasn't the legislature leadership been Republican for about that long as well?

The truth is we have had poor leadership from both sides since forever.

LSUsupaFan, Jun 21, 2010

#56
PURPLE TIGER HOPE is not a strategy!

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LSUsupaFan said: ↑

Haven't we had Republican governors for 11 of the past 12 years? Hasn't the legislature leadership been Republican for about that long as well?

The truth is we have had poor leadership from both sides since forever.
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??? What happened to the four years of Edith Bunker Blanco?

How many Republicans Senators have we had in the past 100 years? (1)

Look at it however you want but the FACT is we have been led by Democrats and they have not done well. As much as some would like to blame the Republicans, they made up such a small percentage so the ownership can't be placed on them.

PURPLE TIGER, Jun 21, 2010

#57
LaSalleAve when in doubt, mumble

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PURPLE TIGER said: ↑

??? What happened to the four years of Edith Bunker Blanco?

How many Republicans Senators have we had in the past 100 years? (1)

Look at it however you want but the FACT is we have been led by Democrats and they have not done well. As much as some would like to blame the Republicans, they made up such a small percentage so the ownership can't be placed on them.
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Just right now...

Bobby Jindal Republican
Mary Landrieu Democrat (if you want to call her that)
David Vitter Republican
Steve Scalisi Republican
Joseph Cao Republican
Charlie Melancon Democrat
John Flemming Republican
Rodney Alexander Democrat (if you want to call him that)
Bill Cassidy Republican
Charles Boustany Republican

LaSalleAve, Jun 21, 2010

#58
PURPLE TIGER HOPE is not a strategy!

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LaSalleAve said: ↑

Mary Landrieu Democrat (if you want to call her that)
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Please elaborate...

PURPLE TIGER, Jun 21, 2010

#59
LSUsupaFan Founding Member

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PURPLE TIGER said: ↑

??? What happened to the four years of Edith Bunker Blanco?

How many Republicans Senators have we had in the past 100 years? (1)

Look at it however you want but the FACT is we have been led by Democrats and they have not done well. As much as some would like to blame the Republicans, they made up such a small percentage so the ownership can't be placed on them.
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I meant 11 of 16. I try to force Blanco’s years in office out of mind.

Look, if your point is that Democrats are terrible I agree. Its your point about Republicans being somehow better that I think is ludicrous. I don’t even know how you can distinguish between the two parties. I find it especially hard to tell them apart at the Louisiana state level where many of the Democrats range from right center to conservative.

LSUsupaFan, Jun 21, 2010

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