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Old 09-29-2008, 03:00 PM   #21
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Default Re: Michael Moore on the Bailout Bill

Quote:
Originally Posted by Wildo7 View Post
Not if you have to default on your mortgage in the process.
They cannot take your home Wildo. Moore is a moron. Worse, is people read his drivel that is factually incorrect, and think it makes sense. How can someone type that diarea, when A) there is no mention of how many of those bankruptcies he sites are home owners who eventually lost their homes, and B) declaring bankruptcy actually protects a home owners ability to retain his personal dwelling, and any contents located inside. Remember, you can't be denied medical attention. Illegals know this, and sadly, Americans don't.
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Old 09-29-2008, 03:00 PM   #22
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Default Re: Michael Moore on the Bailout Bill

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Originally Posted by Wildo7 View Post
If that is the number one cause of bankruptcy then how is he wrong?

This is a liquidity crisis caused by the housing bubble and driven by the failure of Freddie and Fannie. Moore seems to have no knowledge of capitalism.

2/3 of house pubbies and 40% of dems voted against the bailout bill.
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Old 09-29-2008, 03:02 PM   #23
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Default Re: Michael Moore on the Bailout Bill

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Ignoring the predator thing which is just another example of people not taking responsibility for their own decisions - I have no doubt that some people have lost their house over the past year due to medical bills. But if it's more than before it is almost certainly a tiny percentage more than before. For what to have happened has to be a systemic change and we haven't had that in health costs - we've had it in adjustable rates adjusting.
Ok, but here I think is what he's saying:

Whether it's the fault of the people who signed the loans in the first place that they couldn't afford, or the fault of the people who loaned the money to high risk lendees without making sure they understand the rates and could pay them back is irrelevant.

Republicans and those who feel that the free market should never be touched pushed deregulations which allowed for this situation to arise. If you actually agree with free market principles then you should allow the banks to fail, naturally.

Since you believe in free market domain over everything, then you also opposed healthcare for everyone. How can you be against universal healthcare, which could have arguably averted this crisis and provided a basic service to all people, and be in favor of this bailout? It makes no sense whatsoever. If your free market ideology is that inconsistent then it's obvious your ideology is flawed.
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Old 09-29-2008, 03:05 PM   #24
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Default Re: Michael Moore on the Bailout Bill

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Originally Posted by Real World View Post
They cannot take your home Wildo. Moore is a moron. Worse, is people read his drivel that is factually incorrect, and think it makes sense. How can someone type that diarea, when A) there is no mention of how many of those bankruptcies he sites are home owners who eventually lost their homes, and B) declaring bankruptcy actually protects a home owners ability to retain his personal dwelling, and any contents located inside. Remember, you can't be denied medical attention. Illegals know this, and sadly, Americans don't.
Well it doesn't matter if they actually lose their homes or not, that really has nothing to do with what we're talking about. You have yet to come up with an incorrect fact he has written.

What do illegals have to do with this? Seriously, put down your swastika for five minutes and stop trying to hijack the thread.
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Old 09-29-2008, 03:06 PM   #25
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Default Re: Michael Moore on the Bailout Bill

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I'm not going to argue with that, and I don't think Moore would either. But the point is that is medical bills were affordable then perhaps people could afford to actually pay back the loans they were duped into by predators that signed them into variable rate high risk mortgages.
Nationalized health care would make the bills higher not lower.
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Old 09-29-2008, 03:07 PM   #26
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Default Re: Michael Moore on the Bailout Bill

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Originally Posted by patsfan13 View Post
This is a liquidity crisis caused by the housing bubble and driven by the failure of Freddie and Fannie. Moore seems to have no knowledge of capitalism.

2/3 of house pubbies and 40% of dems voted against the bailout bill.
The votes have to do with the language of the bill, not the underlying premise of it. And this is a domino effect that is intrinsically connected to predatory lending.
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Old 09-29-2008, 03:07 PM   #27
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Default Re: Michael Moore on the Bailout Bill

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Originally Posted by Wildo7 View Post
Ok, but here I think is what he's saying:
You're making it too comlicated.

He said :

Quote:
Originally Posted by Michael Moore View Post
Let me state this simply: If we had had universal health coverage, this mortgage "crisis" may never have happened.
And it's just not a reasonable position. It is nonsensical that with no changes in health care over the past 18 months that health care would bring down the economy.
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Old 09-29-2008, 03:08 PM   #28
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Default Re: Michael Moore on the Bailout Bill

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Nationalized health care would make the bills higher not lower.
Please elaborate.
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Old 09-29-2008, 03:08 PM   #29
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Default Re: Michael Moore on the Bailout Bill

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Originally Posted by Wildo7 View Post
Ok, but here I think is what he's saying:

Whether it's the fault of the people who signed the loans in the first place that they couldn't afford, or the fault of the people who loaned the money to high risk lendees without making sure they understand the rates and could pay them back is irrelevant.

Republicans and those who feel that the free market should never be touched pushed deregulations which allowed for this situation to arise. If you actually agree with free market principles then you should allow the banks to fail, naturally.

Since you believe in free market domain over everything, then you also opposed healthcare for everyone. How can you be against universal healthcare, which could have arguably averted this crisis and provided a basic service to all people, and be in favor of this bailout? It makes no sense whatsoever. If your free market ideology is that inconsistent then it's obvious your ideology is flawed.
It isn't even arguable. Universal HC has ZERO to do with this crisis. Moore is a moron who has no idea what he's talking about.

Let me add that deregulating, and then mandating that you provide loans to specific groups, means your still regulating in the end.

The only reason anyone who believes in the free market, is contemplating a bailout (to us it would be a loan to insert cash into the banking system), is because a failure of the system would hurt the innocent (depositors, and those it domino's to) the most.
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Old 09-29-2008, 03:12 PM   #30
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Default Re: Michael Moore on the Bailout Bill

Bush And His Cronies:
I never realized that Barney Cuddles Frank, Uncle Teddy, Auntie Pelosi, Weasel Reid, Smiley Schumer and the rest of that scummy tribe were Cronies of Bush........
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