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Post a Comment On: Steve Sailer: iSteve

"Obama's worst-case "Family C" v. California's "Family Si""

16 Comments -

1 – 16 of 16
Anonymous Anonymous said...

The folks across the street foreclosed months ago. They recently returned to steal the appliances and fixtures. Their house cost more than $450,000, which is a ton in our crappy little neighborhood. In addition to the house, they purchased a new S-class Mercedes. Their jobs: line cooks at Applebees. Their ethnicity: from some Caribbean island. The color of their front teeth: gold. The color of their shoes: gold. The status of the rims on their car: big.

2/18/09, 9:44 PM

Anonymous Anonymous said...

Karl Denninger says Obama's Chief of Staff, Rahm "IDF" Emanuel, has tax problems. Major f***ing tax problems.

Does Anyone In Obama's Administration Pay Taxes?

Still, citizens of the North American Union will be expected to take an oath to this man and "do jumping jacks" as part of the civil defense Obamacorps.

We have always been at war with Oceania!

2/18/09, 9:55 PM

Anonymous Anonymous said...

Actually the government is going to buy Family Si's mortgage from the bank at 460,000 to recapitalize the bank for its hard working in making CRA loans. The US government will recoup its capital outlay by the mortgage payments made by Family Si. It is a hate crime to object to this.

2/18/09, 10:01 PM

Blogger Anthony said...

After 5 years of Obama and Bernanke inflating the currency, that house will be worth $500k or more. But those dollars won't buy what a dollar does today.

2/18/09, 10:09 PM

Anonymous Anonymous said...

Keep in mind, this is not a bailout of the owners, this is a bailout of the banks. It transfers the banks' bad debt to the government, i.e. all of us.

Latest housing news from Arizona: median price for Phoenix area homes is now 130K, equal to the prices of 2001. 2001!!!

And WE ARE NOT EVEN CLOSE TO THE BOTTOM!!!

This, my friends, is deflation. Japan's real estate took a decade to sink to 90% of its peak value. We are already half way there, in just a over a year.

2/18/09, 10:24 PM

Anonymous rightsaidfred said...

There was a lot of wasteful spending after the big WWII armament bill, and during one congressional hearing, an official said something to the effect of: "I was just signing checks, I wasn't paying attention to the amount."

2/18/09, 10:40 PM

Anonymous eh said...

Stimulus/mortgage relief pooper.

2/18/09, 11:15 PM

Anonymous jody said...

NINJA loans - i like it!

the south african style wealth transfer continues. white taxpayers, meet brown homebuyers.

hey steve, how about what US attorney general eric holder said today about race. makes you feel good about the future of the united states, huh? the most powerful lawyer in the nation looking to use the justice department as his own personal "racial correction" tool.

2/18/09, 11:43 PM

Anonymous headache said...

Obama does not care about the economics of the situation. He is simply using tax money to secure his re-election. This fraud gets covered up using SWPL wording to con the self-righteous white morons. Somebody on these threads said Obama is already in the 2012 re-election cycle. I think so too. Republicans are bitching about bailouts and other nonsense whereas Dems are already campaigning for 2012. In spite of the WS meltdown, most SWPL’s are going to come out of this depression better than middle/lower-class whites. And then they can feel all moral about giving away the tax money of fly-over country. Blacks and Hispanics will feel supporting their man was a good decision, since by then even more money will have come their way. It’s the underlying principle of AA, and who would make a better expert than Obama?

2/18/09, 11:43 PM

Anonymous headache said...

"And then Family Si would still default after five years..."

Note its 5 years. Mmm, the next election is in 4 years time. So that puts Obama safely over the top. I'm glad he hasn't yet planned to erase the term limit of the presidency.

2/19/09, 1:31 AM

Blogger Ronduck said...

If he's not willing to bail out the Sand States' Family Sis, why did he go to Arizona (California Jr.) to give his speech announcing his bail out? If he's really only going to give out $5k per year, he should have gone to North Dakota to make his announcement.

I read a few months ago in the AZ Republic that oil had been discovered in ND. A lot of good German and Norwegian farmers there had sold the mineral rights to their land decades ago to raise cash for the farm and were now having to deal with "non-English speaking foreigners" coming to their farms to pump oil. What state is the oil industry headquartered in?

There is nowhere to run.

2/19/09, 6:46 AM

Blogger Dutch Boy said...

Family C is Republican; Family Si is, well, you know.

2/19/09, 2:54 PM

Anonymous Anonymous said...

This is the most depressing blog post I've ever read.

Whenever liberals get pissed off they say they're moving to Canada. Where can the rest of us go?

2/19/09, 7:16 PM

Anonymous Tax Slave said...

Obama does not care about the economics of the situation. He is simply using tax money to secure his re-election.

He's trying. It's losing him a lot of votes, though.

2/20/09, 5:50 AM

Blogger Ronduck said...

Tax Slave said...

He's trying. It's losing him a lot of votes, though.

Maybe among Conservative, but has he lost votes among the Kool-Aid drinkers?

2/20/09, 2:58 PM

Blogger PrestoPundit said...

It doesn't matter whether Obama knows it or not.

Obama doesn't care.

That's all you need to know.

2/20/09, 6:04 PM

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