patrick.net

thunderlips11 says

Over the long term, it makes one-income households very difficult to operate on typical wages.

And two-income household stuck in the http://motherjones.com/politics/2004/11/two-income-trap

Banks only used to lend on the man's income. IIRC they changed that in the early 1970s. They should go back to that (well, the highest income to be fair).

Anyone want a good laugh? Read the Republican Plan for "Job Creators." What does it include? Some highlights:

1. Lower taxes

2. Eliminate burdensome regulations (it does not name a single such regulation)

3. More free trade agreements

4. More H1-B Visas (no seriously, this is really in the plan).

http://majorityleader.gov/Jobs/HRP_JOBS.pdf

The proposal is 10 pages, but it is full of pictures and large text, so it is really no more than 3 pages.

HousingWatcher says

1. Lower taxes

2. Eliminate burdensome regulations (it does not name a single such regulation)

3. More free trade agreements

4. More H1-B Visas (no seriously, this is really in the plan).

Let's see. Yep, looks like typical Monetarist/Fugitive Traitor Free Trader crap to me.

Lowest taxes since WW2 already.

Burdensome regs like the Glass-Steagal act? That didn't work out too well.

We have more free trade agreements with more countries than anytime in US History, but our net trade is almost $1T/year to the red.

H1-B visas are great though, they teach Yuppies not to be too quick about accusing blue collar workers of xenophobia, when they realize the same process that kept their lawncare costs down applies to their own fields of endeavor as well. Unfortunately, Schadenfruede doesn't fix the problem.

Troy says

actually every last dollar of that second income is going into either the mortgage or the rent

Troy, sounds like you were not a parent in a two-income trap situation, or you would know that childcare is a massive portion of the expenses.

well, every dollar after necessary work expenses like commuting costs and child-care . . .

Troy says

necessary work expenses like commuting costs

I agree that childcare is a work related expense.

But I think that a very large portion of commuting cost, maybe all of it, is actually a housing-related cost.

thunderlips11 says

H1-B visas are great though, they teach Yuppies not to be too quick about accusing blue collar workers of xenophobia, when they realize the same process that kept their lawncare costs down applies to their own fields of endeavor as well.

Haw!

thunderlips11 says

Unfortunately, Schadenfruede doesn’t fix the problem.

Sigh... so much for having a laugh at those damn yuppies' expense. And here I thought I was double-tasking...

Chris, listen to me, this is an intervention. You really need to stop watching Fox News and talk radio. Get out of the right wing echo chamber.

"Bush tried to bail them out and the public told him to go to hell. Obama than came out and sold us the bail outs at the top of his approval rating. I was there for the speech, which was followed by the very quick bail outs."

You might think I enjoy making you lok like an idiot, but I do not.

WASHINGTON — After the House reversed course and gave final approval to the $700 billion economic bailout package, President Bush quickly signed it into law on Friday, authorizing the Treasury to undertake what could become the most expensive government intervention in history.

http://www.nytimes.com/2008/10/04/business/economy/04bailout.html

How are we supposed to debtate conservatives liek Chris when ther recollection of history does not come close to reality? If you can't even agree on which president enacted the bail outs, it is impossible to have a meaningful debate.

Also

http://www.alternet.org/newsandviews/article/607187/unemployment_now_worse_than_during_great_depression

Unemployment Now Worse than During Great Depression

HousingWatcher says

it is impossible to have a meaningful debate.

people like ChrisLA aren't here to debate, they're here to spout their bullshit.

Troy says

HousingWatcher says

it is impossible to have a meaningful debate.

people like ChrisLA aren’t here to debate, they’re here to spout their bullshit.

I did not insult you, why do you have to insult me for? What gives man. So we disagree on something, no need to get personal.

HousingWatcher says

WASHINGTON — After the House reversed course and gave final approval to the $700 billion economic bailout package, President Bush quickly signed it into law on Friday, authorizing the Treasury to undertake what could become the most expensive government intervention in history.

Those bail outs were not happening without public approval, the one who sold them to the public was Obama. Bush did try, I remember very well him trying to sell it. And appropriately was told to roll over and die. Public was not going to go along with this cronyism.

Then Obama was elected, and made a great speech about how he feels our pain but we need to do this to save our nation, and went through with bailouts anyway. I was there for that speech I remember how these bail outs happened.

How do you think the whole Tea Party started, its people who are massively ticked off at both parties for the bail outs. It's damned if you do, damned if you don't.

"Those bail outs were not happening without public approval, the one who sold them to the public was Obama. Bush did try, I remember very well him trying to sell it."

Complete nonsense. Paulson and Bernanke were the main ones selling the bail outs. Paulson even went as far as to get on his knees and beg Pelosi to pass the bill.

"So we disagree on something, no need to get personal."

You have the right to your own opinion, not your own facts.

"H1-B visas are great though, they teach Yuppies not to be too quick about accusing blue collar workers of xenophobia, when they realize the same process that kept their lawncare costs down applies to their own fields of endeavor as well."

True. But I think the H1-B Visa is becoming obsolete, as more companies offshore work and instead use the L-1 Visa, which has no cap or prevailing wage requirement.

HousingWatcher says

WASHINGTON — After the House reversed course and gave final approval to the $700 billion economic bailout package, President Bush quickly signed it into law on Friday, authorizing the Treasury to undertake what could become the most expensive government intervention in history.

Let me clear this up...

0,700,000,000,000 What Bush gave in that Bail out.
3,800,000,000,000 What has been paid to date.

3,100,000,000,000 Is what Obama has given in one form of stimulation bail out or other.

HousingWatcher says

Complete nonsense. Paulson and Bernanke were the main ones selling the bail outs. Paulson even went as far as to get on his knees and beg Pelosi to pass the bill.

http://factreal.files.wordpress.com/2009/04/bailoutsummarylist4-13-2009.pdf

http://money.cnn.com/news/storysupplement/economy/bailouttracker/

both parties were responsible. Republicans in Congress were going to get executed due to public outrage if Obama did not sell the necessity of the bail outs. And he sure did it.

ChrisLA says

if Obama did not sell the necessity of the bail outs. And he sure did it.

Obama was elected a month after the bailouts were signed into law.

http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program

You do understand this point of reality, right?

state says

Tenouncetrout says

Let me clear this up…
0,700,000,000,000 What Bush gave in that Bail out.

3,800,000,000,000 What has been paid to date.
3,100,000,000,000 Is what Obama has given in one form of stimulation bail out or other.

lmao, “let me just throw up some numbers without any source or explanation, also let me start one with a zero because I need everything to line up for my OCD”

If you can't be more creative with snappy comebacks than that, then quit being a Nudzh.

Here's bailout money hard at work.