President Trump clips Pelosi's wings! - Auto-Trend Repairs and Service Information Forums

PowerStroker · UNSTOPPABLE!

President Trump clips Pelosi's wings!

SELLC · CERTIFIED POST WHORE

PowerStroker wrote:
President Obama had massive student loans that he didn't pay off until his 40's. Luckily he was able to get a real education and avoid scams like Trump University that, like you say, have saddled many people with a lifetime of debt for which they got nothing in return of any value. But at least scams like Trump University, and other such "system gaming", combined with nepotism and massive inheritance has allowed President Trump to have a riches to more riches story like the kind you apparently worship.

Really? Prove it! Prove that HE PAID THEM OFF!

PowerStroker · UNSTOPPABLE!

https://www.insidehighered.com/quicktakes/2013/08/27/obamas-own-student-debt-topped-40000-each

SELLC · CERTIFIED POST WHORE

I checked out that article PowerStroker... $40,000 in school debt for three years at Harvard!? Yeah Okay! Sure!

Can anyone say affirmative action!?

PowerStroker · UNSTOPPABLE!

You never know, there may be some affirmative action there, maybe some academic scholarships too. I would imagine that anyone who becomes editor of the Harvard Law Review would certainly qualify for some massive academic scholarships, since only the very best students ever achieve that position.

Regardless of how he financed his education, it's clear he was worthy of attending that school.

...And if it was affirmative action, all it proves is that affirmative action works and we should have much more of it to unleash the otherwise untapped potential within our minority communities.

SELLC · CERTIFIED POST WHORE

PowerStroker wrote:
You never know, there may be some affirmative action there, maybe some academic scholarships too. I would imagine that anyone who becomes editor of the Harvard Law Review would certainly qualify for some massive academic scholarships, since only the very best students ever achieve that position.

Regardless of how he financed his education, it's clear he was worthy of attending that school.

...And if it was affirmative action, all it proves is that affirmative action works and we should have much more of it to unleash the otherwise untapped potential within our minority communities.

Ah... LOL! You are aware that President Obama spent more money than ALL OF THE US PRESIDENTS BEFORE HIM - COMBINED, right?

That being said, I think it's clearly a waste of money that just ends up compounding to cost us even MORE money down the road! Give the mouse a cookie, it's gonna want a glass of milk and $20 trillion.

Nothing impressive about an empty suit voting "present" all the time...

PowerStroker · UNSTOPPABLE!

The president doesn't spend money, Congress does. A lot of the bills that were incurred by the Iraq war came due under Obama's term.

But Obama ended that war to help stop the financial bleeding, so you're welcome I guess.

SELLC · CERTIFIED POST WHORE

PowerStroker wrote:
The president doesn't spend money, Congress does. A lot of the bills that were incurred by the Iraq war came due under Obama's term.

But Obama ended that war to help stop the financial bleeding, so you're welcome I guess.

Um, it was Bush who ended the "War" in Iraq... it was merely just an occupation and policing that went on by the time Obama slithered into office!

The President DOES spend the money PowerStroker, because every law that makes it's way thru congress ultimately ends up on the Presidents desk for a signature! If the President doesn't like it, he sends it back until such time he does! So quit with the lies already.. Obama spent more money than ALL the Presidents before him combined.

PowerStroker · UNSTOPPABLE!

Just as a President has absolute control of the nuclear launch codes, Congress has the absolute power of the purse. The only money the president ever has the power to spend, must first be authorized by Congress.

PowerStroker · UNSTOPPABLE!

https://www.usdebtclock.org/

SELLC · CERTIFIED POST WHORE

PowerStroker wrote:
Just as a President has absolute control of the nuclear launch codes, Congress has the absolute power of the purse.

WTF is that supposed to mean!? confuse

What? Trump should nuke someone just to even the score!? confuse

You guys aren't just trying to collect free benefits' reserved for crazy people! You guys really are fucking crazy!

PowerStroker · UNSTOPPABLE!

No, I'm not saying he should nuke anyone, I'm merely stating that certain branches of government have certain levers of power. Congress alone is empowered to collect and spend money.

SELLC · CERTIFIED POST WHORE

You sure about that PowerStroker?

What would Congress do without the Treasury? What would Congress do without the signature of the President on their bills?

PowerStroker · UNSTOPPABLE!

Didn't Congress create the treasury?

If a president, like Impeached President Donald Trump for example, refused to sign a spending bill, eventually things would get bad enough that the parties would come together and override the veto.

SELLC · CERTIFIED POST WHORE

PowerStroker wrote:
Didn't Congress create the treasury?

If a president, like Impeached President Donald Trump for example, refused to sign a spending bill, eventually things would get bad enough that the parties would come together and override the veto.

I am glad you made that distinction PowerStroker, did the parties come together to impeach Trump? confuse

No?

You don't see a conflict in your logic here?

PowerStroker · UNSTOPPABLE!

An impeachment isn't a joint resolution like a law, which would require either the president's signature, or a super majority in both houses to override a veto. Impeachment is merely an indictment of a crime and referral to the Senate for a trial, preferably a fair / nonpartisan trial with evidence and witnesses.

The fact that no Republicans voted for the indictment, doesn't mean it's not justified, it just indicates that an entire political party may be carrying water for a suspected criminal. All the more reason to have the Senate see as much evidence as possible if you ask me.

The threshold to override a veto is much higher than a simple majority, which is why it rarely happens... Though vetos are still overridden far more frequently than impeachments, so there's that

-- Edited by PowerStroker on Tuesday 31st of December 2019 09:51:28 PM

SELLC · CERTIFIED POST WHORE

Did you ever put down that water you been carrying for so long to actually stop and think that maybe YOUR PARTY is the ones who have been carrying water for a suspected criminal all these years?

Because you're the only one who has claimed to be carrying water for your party! I made an honest to goodness effort to explore all my options at the start of the Democrat Primaries... Even though I was upset about what I considered unfair lending standards and assigned blame all the way at the top, I soon realized that much of what upset me was put in play by Democrats and their Dodd Frank laws! Did any of these laws help you PowerStroker? You know, back when Obama was in power? I mean there was a great photo of him paddle boarding shirtless all over the web last week, I know I have a link somewhere... lol

PowerStroker · UNSTOPPABLE!

The Dodd Frank law was an attempt to undo some of the damage of the GrammLeachBliley Act. Perhaps you'll recall that one as the one that repealed Glass-Steagall and allowed big banks to essentially become predatory gambling institutions which eventually blew up the economy and caused the great recession.

Do some homework, you'll find I'm on the right side of history here.

SELLC · CERTIFIED POST WHORE

I have done my research! Honestly, I have found that Dodd Frank locks regular people out of the market - be it a first-time home buyer or someone who wants to refinance! It gives lenders the opportunity and legal right to limit conventional mortgages to only the few (read that as people with enough money in the bank to cover the mortgage two or three times over). Doesn't matter how good your credit score is, doesn't matter if you always paid on time! All that matters is #1 you have more than you're looking to borrow in the bank or #2 you can show on paper you make at least what you're looking to borrow (if not twice) in income per year! This is the world of conventional mortgages and they are more sought after because, ironically, they claim to have less regulation and do not require PMI... but make no mistake, most companies will sell their conventional mortgages to the Government and just service the loan so they can recoup the money and re-lend it to get the cash money from the closing cost (usually rolled into a loan) and then repeat the process.

Then you have Government programs, which have LOTS of regulation and requirements but allow for much higher LTV ratios, but the catch is there is PMI (Mortgage Insurance) and often times really high interest rates and closing cost. They also take the longest to close.

So, they are still selling mortgages and refinances that are insured - to the most venerable of people! I could get one of these Government program loans which they refer to as an FHA loan. The only problem is they want about $12k in closing cost, higher than normal interest rates and an additional $120-$200 in PMI (Mortgage insurance).

To me it's just not worth it to go with an FHA loan due to the cost! It's not worth $12k to raise my credit score 50-100 points! Because that's all it will do! It would take nearly 8 years just to pay off the $12k in closing cost the way mortgages are structured with most of the payment going to interest rather than principal. Thats what they call amortizing, it's basicity the "rub". In eight years you will have also paid $19,200 JUST IN PMI (mortgage insurance) over that eight years where most of your monthly payments were going to interest (assuming $200 PMI payments, could be less or more depending on your loan amount). But that is $31,200 over eight years and that's not even including the extra you will have paid with the higher APR that comes with these predatory loans! So at the end of eight years and $31,200 you would be right back to what you originally borrowed! That my friend is the most predatory game in town, and your Dodd Frank gives incentive and legal waiver for banks to give conventional mortgages only to the top crust, meanwhile the other 90% get to pay PMI and get stuck with FHA programs that have high closing cost and interest cost rolled into the loan.

Did you read all that PowerStroker? I mean did you REALLY read it? You thoughts? I'd really like to hear them because as you know (In the V8 Cafe) I am working on going after everyone involved in this scam. I'd value your thoughts! Where am I wrong? Where am I right? From where you're sitting.

PowerStroker · UNSTOPPABLE!

You seem laser focused on mortgages, and I wish you would look at the entire deal. After the Great Depression of the 30's Glass-Stegall was enacted to separate commercial banking from investment banking, because that was a major contributor to the Depression. It served us well for a very long time, but then it was repealed by Republicans in the Gramm-Leach-Bliley Act. When that happened, the separation between commercial and investment banking was essentially gone, and this is what lead to A.I.G. Lehman brothers, and all of the other "too big to fail" banks that had to get bailed out in order to prevent another depression. Dodd-Frank was an attempt to re-enact as many of the old Glass-Stegall protections as we could get during a time of fierce Republican opposition to any regulation of the banking industry (which is always). Dodd-Frank doesn't nearly go far enough, and the banks are still free to gamble us in to another depression, and I'm sure they will. At which time, you will most certainly blame Democrats because you fail to understand the entire history and the entire battle that has been going on between the parties with regard to banking regulation.

SELLC · CERTIFIED POST WHORE

Of course I am, that is mostly what Dodd Frank was all about, doing away with mortgage backed securities that led to the crash in 2008!

You don't want to focus on the problem, because you know it burnt you bad but you'll still deny it.

I was making an honest effort to enlighten you, but that is okay... I realize you don't understand it's still going on today - business as usual. But you don't care because you feel the Government should control everything from mortgages to healthcare! You'll wise up when they take your healthcare and your 401k goes back into the drink because Democrats crashed the market. In fact you probably won't be happy until you're dead broke and living like a bum on the streets in Nancy Pelosi's district there in San Fransisco.