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Comments

1. #1
   On April 9th, 2009 at 11:21 am, mikefln said:

   Maybe he could throw in a few Sham-Wows to sweeten the deal.

2. #2
   On April 9th, 2009 at 11:24 am, Ragspierre said:

   Yep…

   the Fed has the printing presses set at “ramming speed”.

   Here comes inflation.

3. #3
   On April 9th, 2009 at 11:25 am, JHSII said:

   Has anyone else noticed that the only people that Obama isn’t trying to help are the taxpayers who have to foot the bill for the rest of his “help”??

   Does anyone else remember the really bad movie “Americathon”??

4. #4
   On April 9th, 2009 at 11:26 am, Romeo13 said:

   And even though asked numerous questions about the Hostage taken by Pirates situation… he made no comment,

   he wanted to concentrate on what was important… selling mortgages…

5. #5
   On April 9th, 2009 at 11:27 am, corona said:

   yup

6. #6
   On April 9th, 2009 at 11:30 am, TooMuchTime said:

   Maybe he could throw in a few Sham-Wows to sweeten the deal.

   Now the pitchmen have their own television show! No joke. When will The B.O. appear hawking his schlock gov’t bonds and funds? Or maybe he could just tell the truth and say it’s all his plan to just take us here.

7. #7
   On April 9th, 2009 at 11:37 am, Flyoverman said:

   Next week the POTUS will be on the road to promote the car industry.

   “Come on down to Widetrack Town here in Detroit…..”

   Overhead will be red, white, and blue triangular pennants spelling out HOPE AND CHANGE!

8. #8
   On April 9th, 2009 at 11:40 am, John Deaux said:

   On April 9th, 2009 at 11:25 am, JHSII said:

   Does anyone else remember the really bad movie “Americathon”??

   Oddly enough, that movie was a reaction to the misery of the Carter years.

   The remake won’t have John Ritter as president, and the Native Americans won’t be the people going to repo the country.

9. #9
   On April 9th, 2009 at 11:43 am, kwyoung said:

   On April 9th, 2009 at 11:24 am, Ragspierre said:
   Yep…

   the Fed has the printing presses set at “ramming speed”.

   Here comes inflation.

   Refi’s would serve two purposes:

   1. the banks would see more “revenue” in the form of points, fees etc. and maybe able to show a “profit”.
   2. the borrowers would have extra cash available to pay $12 for a loaf of bread.

10. #10
    On April 9th, 2009 at 11:44 am, DBNinKY said:

    He estimated the average homeowner could pare hundreds of dollars a month, or an average of $1600 a year, by refinancing, and urged homeowners who haven’t refinanced to consider doing so.

    But how?

    And who is making up/paying for this so-called potential “savings” of up to $1600 a year?

    Plus w/ unemployment rising and many homeowners caught up mortgages that couldn’t afford and were overvalued to begin with, how is refinancing going to help them as long as walking away and letting the government absorb the loss remains a better individual option for so many?

    Seriously, if someone believes this will really work, explain it so I too may be informed.

11. #11
    On April 9th, 2009 at 11:52 am, txvet2 said:

    On April 9th, 2009 at 11:44 am, DBNinKY said:

    He estimated the average homeowner could pare hundreds of dollars a month, or an average of $1600 a year, by refinancing, and urged homeowners who haven’t refinanced to consider doing so.

    But how?

    And who is making up/paying for this so-called potential “savings” of up to $1600 a year?

    The government benefits, because with a smaller interest payment, your deduction goes down and you end up paying more in taxes. Who wudda thunk.

12. #12
    On April 9th, 2009 at 11:52 am, tarpon said:

    BArry ‘the naive one’ Obama — For people who want to redefine stupid.

13. #13
    On April 9th, 2009 at 11:54 am, Ragspierre said:

    He [Obama] attributed the decline [in interest rates] in part to “extraordinary actions” taken by the Federal Reserve, and in part to actions taken by the administration.

    As I said…

    “extraordinary actions” means pushing more money into the economy. Ramming more money through the printing presses.

    Which is a way to impose another TWO tax increases on the American people via inflation;

    1. you devalue whatever they currently have in investments, savings, equity in their homes, etc. Anyone who holds government bonds is also cheated, because they are paid back in cheapened money.

    2. you push them into higher tax brackets as their wages are raised in order to accommodate the inevitable rising prices.

    It’s time for a tax revolt.

14. #14
    On April 9th, 2009 at 11:55 am, JusDreamin said:

    But WAIT, if you re-fi now, within the next 20 minutes, because we can’t do this all day…I will have even more impressive stats to babble about…

15. #15
    On April 9th, 2009 at 12:01 pm, spaceycakes said:

    good heavens–why on earth would anyone invoke’1971′?? By the way, they thought we were entering another ice age in the 70s.
    Also, in 1971, Obama would have been 7 years old.

    He acts like he’s been around for ever.

    Yeah, I know.

16. #16
    On April 9th, 2009 at 12:03 pm, ElCee said:

    I’m pretty sure we’re not the only homeowners who saw the equity in our house disappear. So to refinance, we’d have to pay PMI, if that’s even available any more.

    So how many of his seven to nine million can really refinance? Probably very few.

    He ought to be taking care of pirates instead of giving financial advice.

17. #17
    On April 9th, 2009 at 12:06 pm, b-cat said:

    If we could all just get Tony Rezko to “get us a deal” like he did, we wouldn’t need all this government help.

18. #18
    On April 9th, 2009 at 12:09 pm, DBNinKY said:

    Who wudda thunk.

    Agreed – in every law there is nearly always some unstated tax-related angle to benefit the government. And thank you for providing me w/ some answers.

19. #19
    On April 9th, 2009 at 12:20 pm, tre said:

    Great! I can refinance that ocean-front property I bought outside of Tulsa.

    Miss Cheryl sold it too me.

20. #20
    On April 9th, 2009 at 12:20 pm, ajmontana said:

    “I’m Barackadoodle Odopey and I approve this message”

    What part of his answer to Joe the Plumber didn’t voters get?
    Dumba$$ Voters 08′

21. #21
    On April 9th, 2009 at 12:20 pm, cheapseat said:

    THIS IS NOTHING MORE THAN AN AD TO GET THE MENTALLY CHALLENGED TO BORROW MORE MONEY AND REFINANCE THE BANKS. what happens when you refinance? you start the interest clock running again. and banks have bribed politicians into allowing them to front load interest payments, and back load principal payments. hence on a typical 30 year loan you won’t start paying the actual loan back until you approach your 20th year. by that time, even paying less than 5 percent, you will have paid them twice the amount of the mortgage in interest. great gig if you can get it. but the bankers know, no one is going to live in the same house for thirty years and pay off the debt, so they will essentially be collecting interest from you forever. kind of like the credit card scam.

22. #22
    On April 9th, 2009 at 12:21 pm, expres12 said:

    More smoke and mirrors.

    Due to declining home values, deteriorating credit scores, a tightening of lending guidelines and something called loan level pricing adjustments, you would be amazed at how many people don’t qualify or qualify but at a prohibitive rate.

    The time for this was two years ago.

23. #23
    On April 9th, 2009 at 12:38 pm, DagneyT said:

    He’s never been anything but a flim flam man!

24. #24
    On April 9th, 2009 at 12:41 pm, DagneyT said:

    And even though asked numerous questions about the Hostage taken by Pirates situation… he made no comment,

    Remember, he’s the man who can’t handle a economy issue and an security issue at the same time!

25. #25
    On April 9th, 2009 at 12:53 pm, madshark said:

    On April 9th, 2009 at 12:01 pm, spaceycakes said:
    good heavens–why on earth would anyone invoke’1971′?? By the way, they thought we were entering another ice age in the 70s.
    Also, in 1971, Obama would have been 7 years old.

    Are you sure? Have you actually seen his birth certificate??!!

26. #26
    On April 9th, 2009 at 1:00 pm, happyscrapper said:

    n April 9th, 2009 at 11:26 am, Romeo13 said:
    And even though asked numerous questions about the Hostage taken by Pirates situation… he made no comment,

    He refused to answer a reporter’s question about the hostage situation saying, “We’re talking about housing right now”! And from another source (unconfirmed), I heard that the military is being cautioned not to mistreat the pirates, or they will be answerable for it! So, I guess they need to TAKE NO PRISONERS, so no one can accuse them of mistreating anyone…right?

27. #27
    On April 9th, 2009 at 1:03 pm, Wildcatter1980 said:

    Bamwow! ROFLMAO!

    Thanks, Michelle. I needed a good hearty laugh like this one.

28. #28
    On April 9th, 2009 at 1:03 pm, iamsaved said:

    Good thing he wasn’t in charge during 9/11. Can you see him in the classroom reading to the little children and his secret service guy tells him we’ve been attacked. “I’m reading to these kids right now!”

    At least the ShamWow works on occasion

29. #29
    On April 9th, 2009 at 1:32 pm, AlohaGuy said:

    “Are you following me Teleprompter guy?”

30. #30
    On April 9th, 2009 at 1:33 pm, Flyoverman said:

    On April 9th, 2009 at 12:53 pm, madshark said:

    Are you sure? Have you actually seen his birth certificate??!!

    Which one? There are several that you can choose from.

31. #31
    On April 9th, 2009 at 1:41 pm, Right By-The-Sea said:

    On April 9th, 2009 at 1:32 pm, AlohaGuy said:
    “Are you following me Teleprompter guy?”

    Good one!

    And, now, the White House is trying to also convince everyone that BHO’s greeting to King Abdullah was just a “SHAM BOW!”

32. #32
    On April 9th, 2009 at 1:44 pm, TruthToBeTold said:

    The “messiah” has been around for a long time. At least 2009 years!

33. #33
    On April 9th, 2009 at 2:13 pm, AlohaGuy said:

    And, now, the White House is trying to also convince everyone that BHO’s greeting to King Abdullah was just a “SHAM BOW!”

    “There’s your mildew, right there.”

34. #34
    On April 9th, 2009 at 2:25 pm, JusDreamin said:

    “Are you following me Teleprompter guy?”

    “There’s your mildew, right there.”

    Cracking me up. Aloha Guy, next time your in the San Diego area, I’m buying the drinks!

35. #35
    On April 9th, 2009 at 2:28 pm, Right By-The-Sea said:

    “There’s your mildew, right there.”

    Yeah. “That’s gonna smell.”

    We need to call to get in on this “refi action” ASAP, ’cause Barry “can’t do this all day.”

36. #36
    On April 9th, 2009 at 2:30 pm, Right By-The-Sea said:

    Now, hold on JusDreamin…what about me, too? I LIVE in the San Diego area, and given all that this Obamaniac is pulling, I could sure use a free drink right about now.

37. #37
    On April 9th, 2009 at 2:42 pm, JusDreamin said:

    Right By-The-Sea said:
    Now, hold on JusDreamin…what about me, too? I LIVE in the San Diego area, and given all that this Obamaniac is pulling, I could sure use a free drink right about now.

    Just as soon as I get that re-fi done, RBTS. (You know the Germans always make good stuff)
    “this one lasts a week, this one lasts 30 years. I don’t know, it sells itself!”

38. #38
    On April 9th, 2009 at 2:48 pm, Right By-The-Sea said:

    JusDreamin said:
    Just as soon as I get that re-fi done, RBTS. (You know the Germans always make good stuff)
    “this one lasts a week, this one lasts 30 years. I don’t know, it sells itself!”

    And, all I can say to that is “Sham WOW!:-)

39. #39
    On April 9th, 2009 at 3:02 pm, JusDreamin said:

    More like SHAM now

40. #40
    On April 9th, 2009 at 11:38 pm, havok said:

    On April 9th, 2009 at 12:21 pm, expres12 said:
    More smoke and mirrors.

    Due to declining home values, deteriorating credit scores, a tightening of lending guidelines and something called loan level pricing adjustments, you would be amazed at how many people don’t qualify or qualify but at a prohibitive rate.

    The time for this was two years ago.

    You nailed it dead on.

41. #41
    On April 10th, 2009 at 10:39 am, frontierguy said:

    Getting my taxes done I asked my CPA about the 8,000 dollar tax credit for buying a house. She said, yeah, but you have to pay it back, you get 10 years or something to pay it back. Sham part is right, not much wow though.

42. #42
    On April 22nd, 2009 at 3:46 pm, Lucifer Jones said:

    Is that OJ hawking re-fi’s? That image scares even me! Make it stop!