World Markets SOAR on Obama Win!

[RiversideGator]

It's completely disingenuous to claim she said gas will be free and she won't have to pay her mortgage. She didn't say either of those things.

So what did she mean?  Why would she not have to worry?  Where would this newfound wealth come from to pay her mortgage and gas?  Please keep explaining.  It is entertaining to watch.   

[Lunican]

I don't know what she meant, but I know what she said. She did not say what was posted.

[Joe]

Verbatim ... make of it what you will.

"I won't have to worry about putting gas in my car. I won't have to worry about paying my mortgage. You know. If I help him, he's gonna help me."

[Beloki]

Republican or Democrat will not matter in these markets... it's the economy stupid.

There is more trouble on world markets ahead and the only thing the ruling party can do: make it a soft landing.

[Lunican]

Verbatim ... make of it what you will.

"I won't have to worry about putting gas in my car. I won't have to worry about paying my mortgage. You know. If I help him, he's gonna help me."

Thanks Joe, that's exactly what I was talking about. River doesn't seem to understand that a quote is not an inference. It's entertaining to watch though.

[Lunican]

Dow down another 443 points today on reports from retailers.

[uptowngirl]

Dow down another 443 points today on reports from retailers.

And more government bailouts on the way... everyone has their hands out and no one knows where it will end.

[RiversideGator]

Verbatim ... make of it what you will.

"I won't have to worry about putting gas in my car. I won't have to worry about paying my mortgage. You know. If I help him, he's gonna help me."

Thanks Joe, that's exactly what I was talking about. River doesn't seem to understand that a quote is not an inference. It's entertaining to watch though.

And you dont seem to be capable of reading between the lines.

Seriously though, where do I send my mortgage statement for payment by Barack?

[second_pancake]

Second pancake...wow. I find myself completely agreeing with your entire post! There really is nothing more I could add to this. The fact that we can agree on this issue trumps any of the disagreements we've had before. This is truly awesome. 

LOL.  See, I told you I wasn't a lefty;-)

[second_pancake]

Perhaps there should be a basic voter comprehension test when you first step in the booth? A couple simple questions about the major candidates in the main race to make sure you're qualified? Like those basic questions they throw in some surveys for quality control or the words you have to retype when buying tickets to prove you're not a bot? And if you don't pass you don't vote...yeah?

Bingo!!!  I am all for a voter candidate comprehension test...or at the very least make them provide proof of residency...and the ability to select the options on a ballot. 

[second_pancake]

Verbatim ... make of it what you will.

"I won't have to worry about putting gas in my car. I won't have to worry about paying my mortgage. You know. If I help him, he's gonna help me."

Thanks Joe, that's exactly what I was talking about. River doesn't seem to understand that a quote is not an inference. It's entertaining to watch though.

I apologize for getting the actual quote wrong, however I don't think my "inference" was a stretch.  I'm with RG on this one...what exactly is going to elleviate the worry for this woman? 

Either one of two things will happen:  SHe will come into some sort of wealth that will allow her to pay high gas prices AND pay her current mortgage payment without having to make cut-backs in various other aspects of her life, or somehow miraculously the price of gas will fall to such levels that it there will be no impact to her, and her mortgage payment will somehow be reduced or eliminated all together...I'm ruling out special programs like HOPE Now which offers modifications,  since most mortgages are 30-year terms and a typical modification is a slight reduction in the interest rate and in rare cases the interest due is capatalized...and unless you're FHA this can only be done ONCE in the life of the loan which reduces a mortgage payment only minimally unless you purchased a home with an 18% rate which is highly unlikely given when most of these bad-loans were originated (2005-2007).

Maybe, this woman was confused and thought that it was Obama who touted the idea of reducing everyone's principle mortgage balance to the current market values, thus reducing the mortgage payment amount, and when the market "picks up" and the values increase, just allowing the borrower to keep the new-found 'equity'.  Maybe, she was banking on getting a check from the Fed after they buy up her bad-mortgage relieving her of any responsibilty to pay her debt and putting money in her pocket to pay for that gas she was talking about.  One may never know exactly to what she was referring, but I do know this, NONE of it is good.

Oh, I would also like to know how she is going to "help him"[Obama].

[second_pancake]

Dow down another 443 points today on reports from retailers.

And more government bailouts on the way... everyone has their hands out and no one knows where it will end.

It's not just people/companies with their hands out.  When the TARP passed, it dictated that certain institutions "MUST" utilize a specified amount of the money whether it was warranted or not.  Companies that were already in the works of mergers or buy-out talks that would allow them to recover from any issues they were having, were forced to take the money. Then when they accepted they were ridiculed by the media for having taken the money when they didn't need it.  The whole thing is an absolute mess and an indicator of how more government is not the solution, but our greatest problem.