Forget all the pizazz and punditry. Speeches and spin. And the broad challenges that face America.
You’ve absorbed the Republican convention. Register coverage IS HERE! Click on the photo at right to see a slideshow of the event!
So, let’s get down to what we care about in this space. Only one thing: How would a John McCain presidency impact our local housing? (His economic plan is HERE!)
McCain's housing policies would be:
PS: Yes, we did Obama, too! Check it HERE!
McCain’s going to do his best to serve the biggest vested interests, that’s the party line. Some reckless huge banks will get bailed out. The unfortunate others will be even more unfortunate. The leadership will continue to facilitate mergers and acquisitions while if you make less than $250,000 per year you can rent. Look at McCain’s approach on Health Insurance too. He’s on record a Bush 95% for Bush’s policies.
Bush’s administration got us into this mess with fiscal policy sure to create our distraction from the cost of his holy war. The future is now. Enjoy the results of your so-called conservative leader, OC. You don’t even know yet the half of how many trillions we as a country are facing in debts.
Ron Paul would have done more by opposing every single bailout scheme imaginable. It’s funny how many people share that view but wouldn’t vote for him because he’s not media approved.
Lansner,
Can we get the poll for the other candidates running?
McCain may have to bail a bank out and the tax payers may pay for it, but Obama will bail everyone out, including the deadbeat flippers, and raise everyone’s taxes HUGE to pay for it. Obama=Jimmy Carter
Vote for McCain/Palin; the intelligent, responsible choice.
President McCain will announce… Operation Barn Door!
There’s going to be (more) bailouts for the greedy and the stupid no matter who gets elected.
The question is, which party do you trust to properly regulate the financial industry now that they are lined up at the taxpayer trough. They have both been bad, but the Democrats are the lesser of two evils.
I don’t know if McCain learned his lesson from Charles Keating, but even if he did the party’s religion of deregulation would sabotage him.
Nothing can save housing, folks. The funny money is gone. No one can affford even a 450K median. All the way down from 600K and still not affordable.
300K
It’s gonna be ugly, but McCain, Obama, makes no difference, not even a gun-toting hockey mom can stop the carnage!
MCCAIN WILL BE GREAT FOR HOUSING!
McCain’s pro-illegal immigration policies will allow more people to bid on the houses. Just think how many no doc loans the new illegal immigrants can afford.
McCain’s admitted cluelessness on economic matters will allow the federal reserve to continue to print unprecedent amounts of money allowing the banks to give “low” fee based loans. Free money for everyone…wheee.
Democrats are for hand-outs, Republicans are for hand-ups. It is an issue of responsibility. There will be pain for the flipper bagholders, which is good, but which candidate will hold the individual responsible for THEIR irresponsible actions?
Why are the banks mostly responsible for the housing mess? They made money available. The greedy individuals made the decision to take the loan(sss) there was no way they could repay, hoping that a greater fool would come along and pay-off their free spending spree. It is a fundamental mistake to blame the institutions for the lack of individual responsibility.
The Democrats want to make victims of those facing foreclosure, but the truth is they are not victims of anything other than their own greed. Those that have been responsible over the past six years should not have to pay for it.
Typically republicans are better for the economy over-all however…,
The last thing we need is 4 more years Republilcan / George Bush failed policies…
Obama will raise taxes and choke out inflation however,
We are in it for the long haul now………………………………………………….
The captain says:
No bottom till December 2010……………………………………………………….
Flat through 2012………………………………………………………………………….
Recovery 2013…………………………………………………………………………………
Expansion 2014……………………………………………………………………………….
Ride the next 10 year wave / cycle and sell off……………………………….
2025
Were screwed ‘08!
If obama gets in though and the house of cards really collapse Democrats are screwed
If McCain gets in and the house of cards collapse republicans are screwed
The real question isn’t whether the system will continue to have problems the question is whether or not the problems will continue to get worst.
PS most of the debt we are facing is from social security and Medicare and should not be hung around George Bush’s neck, we should be at least try to be honest about the 53 trillion dollar deficit.
Obama wants to get rid of $500K gain exclusion on sale of homes… that’s going to help move the housing inventory…..
Yep, this state has been getting it wrong for a while now…
I say BIG MAC and the CUDA in 2008
“Obama will win CA it is just a fact….you should work on your local (R) campaigns and see if you can make a difference there since McCain will lose CA.”
That is usually a waste of time also, since the State legislative and Congressional districts are all gerrymandered. But let’s give thanks to our progressive California forefathers who banned parties from city and county politics.
This poll wasn’t framed in the best way, but I did it anyway.
I voted a “Little Help”, only because I think the problem is so big there isn’t much the gubment can do to really help. And quite frankly, I don’t want the gubment meddling any more in this mess. We need to let the free market correct itself on it’s own here if we ever hope to get back a sane housing market that people can build lives upon.
And that’s why I’m voting for McCain/Palin, because they are the most market focused ticket in this election. Also, I fell in love with Palin during her big speech. Take that East Coast Elites and Media Snobs! I haven’t seen TV that riveting in years! There are more of us regular folks from a Wasilla or an Anchorage than there are snobs from Manhattan or Nob Hill.
I was intrigued with Obama at first. But like others, Obama now reminds me of Jimmy Carter. Scary.
McCain is promising to cut the taxes to the wealthy. Again.
That’s going to be bad for the deficit. The government borrowing money is going to take money away from financial markets where it could be put to work in housing.
McCain will not end the war in Iraq, which is sucking so much money our of our country.
McCain will not act aggressively enough to cut our consumption of foreign oil, causing trade deficits.
Palin has ties to big oil.
Short answer; McCain is bad for our economy.
More wars can’t be good for housing.
TO: Scott A Says, September 4th, 2008 at 10:03 pm
“Over the past 120 year period, the average annual stock market return has totaled only 8.25% under Republican rule, while it has returned 10.85% with Democrats in power.
Over the past 60 years, this trend has been more pronounced. The Democrats have held the presidency only 41% of that time, but under their rule the average annual return has been 15.26%, more than six percentage points higher than the 9.01% return under Republicans.”
Source- Prof. Jeremy Siegel
“There are more of us regular folks from a Wasilla or an Anchorage than there are snobs from Manhattan or Nob Hill.”
I don’t like people who generalize. I find them all dopes………lol {I’m pretty sure that the Nob Hill snobs went away after the 1906 earthquake.}
I’m undecided, I do know nobody wants to be the president that has tons of bank failures and millions of foreclosures while in office. There will be more bank bailout no matter who gets in office.
WOW…JUST DUMB NOISE EVERYWHERE
Democrat - Raises Taxes to the roof, Raises rates to the roof. Taxes from the middle class to give to the ‘needy’. Simple and not only bad, but truly not american in ANY way.
Republican - Lowers Taxes, Lowers Rates, Encourages Businesses of ALL sizes. Businesses Employ people, people make money across the board.
The downsize to the republican agenda is that all people must WORK for their money :-(
The downsize to the democrat agenda is that hardworking people don’t get to keep their money :-(
They are both tird sandwiches, no doubt about it…keep it REAL simple…higher tax tird sandwich or lower tax tird sandwich?