Do you make atleast $250k

[allmotoronly]

My question is why defend the rich?!? I promise you they dont give a damn about anything but profit. Seriously, if they could replace every human employee with a robot to increase profit they would. There are few exceptions in every case (just like there are people on welfare that dont cheat the system), but this case they are few and far apart. I see it like this... if you have a problem, fix the root of the problem! Don't put that responsibility in someone hands that may or may not decide to help. That doesn't make sense. Thats like adding too many factors to the equation. You can get 10 by adding 5 and 5, but you can also get 10 by take 5 multiplying it by 45, and taking the square root of that. But why calcute 10 the second way when you has more chances of ****ing up.

I would hardly consider someone who made 250K a year rich. Most people who make that much are small business owners. Small businesses are what keep this country's economy from completely going under. Our entire economy depends on small businesses ten times more than large corporations. Why raise taxes on those who are keeping the economy afloat? So you can give it to those who have ****ed up the economy?

If the democrats hadn't pushed HUD through the economy would be in much better shape. HUD (which makes it illegal for mortgage discrimination) has made it where banks must make risky mortgages to people who can't pay it back. These risky mortgage loans are the main reason that the economy is so ****ed up right now. All these large banks are going out of business because of all the bad mortgages they have written and will never get paid back on. Even if the bank repo's houses, the market is so shot to **** right now that they would never be able to sell most of them at a high enough price just to break even, especially with house values in the toilet. Granted, some of the people who got these risky mortgages work hard to pay them back and improve their credit, but the vast majority do not.

Why defend the rich? Because the "rich" keep this country from being a poor third world country.

[tony]

If the democrats hadn't pushed HUD through the economy would be in much better shape. HUD (which makes it illegal for mortgage discrimination) has made it where banks must make risky mortgages to people who can't pay it back.

Damn those people for wanting a house. Last time I checked there is still a process of being approved. It's not like just cause you're black you're automatically approved for a $300k mortage.

Just a sorry interpretation of HUD.. this stuff never ceases to amaze me.

[allmotoronly]

Damn those people for wanting a house. Last time I checked there is still a process of being approved. It's not like just cause you're black you're automatically approved for a $300k mortage.

Just a sorry interpretation of HUD.. this stuff never ceases to amaze me.

Did I ever say the word black? No. There are probably just as many sorry white people who put their mortgage payments last on their list of priorities, right behind that new $50k SUV they are driving, or that $2k flat screen they just bought. People think that just because the government guarantees them a loan, it doesn't matter if they make payments on time and have bad credit. They fall behind on payments, and the bank gets stuck with a house that is worth only 60% of what it was worth 3 years ago... I am aware that there is a process for being approved, but they are approving mortgages for much larger amounts than they would in the past, and they are approving mortgages to people who have super ****ty credit. Loaning money to someone who has bad credit (which means they have obviously had problems with debt in the past) is just not a good idea.

[tony]

Did I ever say the word black? No. There are probably just as many sorry white people who put their mortgage payments last on their list of priorities, right behind that new $50k SUV they are driving, or that $2k flat screen they just bought. People think that just because the government guarantees them a loan, it doesn't matter if they make payments on time and have bad credit. They fall behind on payments, and the bank gets stuck with a house that is worth only 60% of what it was worth 3 years ago... I am aware that there is a process for being approved, but they are approving mortgages for much larger amounts than they would in the past, and they are approving mortgages to people who have super ****ty credit. Loaning money to someone who has bad credit (which means they have obviously had problems with debt in the past) is just not a good idea.

Black was an example, if someone is being discriminated against there is obviously a reason, I'm sure race was a factor in HUD.

[allmotoronly]

Black was an example, if someone is being discriminated against there is obviously a reason, I'm sure race was a factor in HUD.

Perceived ability to repay the loan was the main form of descrimination that HUD was created to address. Race, age, ability to hold a job, etc are things that banks would consider when making loans. If a person can't keep a job for longer than 6 months or has 10 different jobs a year, of course a bank would not want to loan them the money. The only place where race may have been an issue is here in the south, but by the time HUD passed, racial discrimination was not nearly the issue it was 40 years previously.

[Vteckidd]

Perceived ability to repay the loan was the main form of descrimination that HUD was created to address. Race, age, ability to hold a job, etc are things that banks would consider when making loans. If a person can't keep a job for longer than 6 months or has 10 different jobs a year, of course a bank would not want to loan them the money. The only place where race may have been an issue is here in the south, but by the time HUD passed, racial discrimination was not nearly the issue it was 40 years previously.

I agree with yu

Tony lets be honest here the MAJORITY of the FANNIE and FREDDIE loans were to BLACKs with LOWER INCOME, thats not racist thats FACT. Go read the statistics. It was made to lend to lower income families and im sorry if that hurts but thats the way it was. Now its not a race issue, but the banks were loaning money to people that just werent qualified, and the majority of them were minorities from spanish to african.

Just like ACORN isnt about getting new voters, its about getting new BLACK VOTERS TO VOTE DEMOCRAT.

[allmotoronly]

Just like ACORN isnt about getting new voters, its about getting new BLACK VOTERS TO VOTE DEMOCRAT.

lol at acorn getting caught falsifying ballots.

[bigdare23]

Why defend the rich? Because the "rich" keep this country from being a poor third world country.

Not really, It's the poor minimum wage struggling people that really keep us from going under. Without the average underpaid worker, there wouldn't fast food chain gurus or Walmart just to name a few. Greed is going to be our downfall. Greed is the reason why our economy is in the position we are in now, and these are the people that need tax breaks?!?

[Alan®]

Not really, It's the poor minimum wage struggling people that really keep us from going under. Without the average underpaid worker, there wouldn't fast food chain gurus or Walmart just to name a few. Greed is going to be our downfall. Greed is the reason why our economy is in the position we are in now, and these are the people that need tax breaks?!?

Man. I always love how people always argue the extremes on each end of the argument. When really in all actuallity one can not prosper without the other. It's a fact that can not be refuted.

[bigdare23]

Man. I always love how people always argue the extremes on each end of the argument. When really in all actuallity one can not prosper without the other. It's a fact that can not be refuted.

I agree 100%, but some people don't view it like that. In that case you have to show them the other end of the stick.

[Verik]

Not really, It's the poor minimum wage struggling people that really keep us from going under. Without the average underpaid worker, there wouldn't fast food chain gurus or Walmart just to name a few. Greed is going to be our downfall. Greed is the reason why our economy is in the position we are in now, and these are the people that need tax breaks?!?

reason our economy is the way it is, is due to greed... but not the greed of CEO's or execs or even people with 250k+ income. It's the greed of those who bought into mortages on extremely low rates (due to the fed's response to the dot-com bust) and who couldn't afford the mortage. It's the greed of those who wanted what they couldn't afford that caused us to be in this situation......

Homie, the government isn't playing Robin Hood.

Explain how distributing income is not the same principal as Robin Hood.

I still have yet to see a valid and sound argument for why the rich deserve to have to pay a higher tax than everyone else? Why is the responsibility of the poor or even middle income less than that of the upper? And how is it just and fair that the harder you work, the more successful you are, the more the gov't will take from you?

[allmotoronly]

Not really, It's the poor minimum wage struggling people that really keep us from going under. Without the average underpaid worker, there wouldn't fast food chain gurus or Walmart just to name a few. Greed is going to be our downfall. Greed is the reason why our economy is in the position we are in now, and these are the people that need tax breaks?!?

Do you realize that small businesses emply much more people than large corporations such as walmart of fast food chains??? And most small business owners look out for their employees and pay them pretty good (better than walmart of fast food chains). They reward hard workers and take care of them. I've never met someone who worked for a small business that made minimum wage.