Comments on: What Caused The Economic Crisis? Watch This! (VIDEO HAS BEEN UPDATED) http://www.jimdemint.com/2008/09/what-caused-the-economic-crisis-watch-this/ U.S. Senator Jim DeMint's Campaign Website Tue, 07 Sep 2010 10:50:37 +0000 hourly 1 By: Robert Whitley http://www.jimdemint.com/2008/09/what-caused-the-economic-crisis-watch-this/comment-page-3/#comment-183 Robert Whitley Sun, 19 Oct 2008 14:50:54 +0000 http://www.jimdemint.com/?p=284#comment-183 This is an excellent video concerning its content. However, it needs to be put in a different format. The video moves too fast. The music is distracting. It should be put on the internet in a fashion that can be read in a normal way with links to the sources and in a way that we can print it out to give to relative and friends. Googling everything is not efficient in my opinion. And there are many older voters who do not use computers at all and will never see the video. Some of them lived through the depression and think FDR was a hero. Therefore they still vote Democrat. They need to see the information that is in the video but they never will in its present format. It's 16 days to election. No time to waste. Thank you for the e-mail Senator DeMint. You need to run for President This is an excellent video concerning its content. However, it needs to be put in a different format. The video moves too fast. The music is distracting. It should be put on the internet in a fashion that can be read in a normal way with links to the sources and in a way that we can print it out to give to relative and friends. Googling everything is not efficient in my opinion. And there are many older voters who do not use computers at all and will never see the video. Some of them lived through the depression and think FDR was a hero. Therefore they still vote Democrat. They need to see the information that is in the video but they never will in its present format. It’s 16 days to election. No time to waste. Thank you for the e-mail Senator DeMint. You need to run for President

]]> By: matt http://www.jimdemint.com/2008/09/what-caused-the-economic-crisis-watch-this/comment-page-3/#comment-182 matt Sat, 18 Oct 2008 18:16:11 +0000 http://www.jimdemint.com/?p=284#comment-182 I am not taking sides here because I hate both candidates but here are my thoughts being in the mortgage industry. The Community reinvestment act pushed banks to make loans in areas where income was low. It did NOT push them to do loans with no income documentation on adjustable rate mortgages. This was the banks bad decision. If the income/employment was verified and the people got a fixed rate we wouldnt have people walking away from their homes because they cant afford them. I work for a bank (that shall remain nameless) that is currently eating the principal balance on their mortgages for clients that owe more than the homes value. Doing this, they can get these people into something stable. These are people who have been making their payment for 3 years and now their rate is about to go up and they will not be able to afford it. FIXED RATES AND INCOME VERIFICATION COULD HAVE SPARED THIS WHOLE THING. I am not taking sides here because I hate both candidates but here are my thoughts being in the mortgage industry.

The Community reinvestment act pushed banks to make loans in areas where income was low. It did NOT push them to do loans with no income documentation on adjustable rate mortgages. This was the banks bad decision. If the income/employment was verified and the people got a fixed rate we wouldnt have people walking away from their homes because they cant afford them.

I work for a bank (that shall remain nameless) that is currently eating the principal balance on their mortgages for clients that owe more than the homes value. Doing this, they can get these people into something stable. These are people who have been making their payment for 3 years and now their rate is about to go up and they will not be able to afford it.

FIXED RATES AND INCOME VERIFICATION COULD HAVE SPARED THIS WHOLE THING.

]]> By: Jay Watts http://www.jimdemint.com/2008/09/what-caused-the-economic-crisis-watch-this/comment-page-3/#comment-181 Jay Watts Fri, 10 Oct 2008 17:47:24 +0000 http://www.jimdemint.com/?p=284#comment-181 Why are'nt you running for President Senator DeMint? Why are’nt you running for President Senator DeMint?

]]> By: Huey McLain http://www.jimdemint.com/2008/09/what-caused-the-economic-crisis-watch-this/comment-page-3/#comment-180 Huey McLain Thu, 09 Oct 2008 15:48:52 +0000 http://www.jimdemint.com/?p=284#comment-180 The democrats have been doing this all my lifetime and I'm 85 years old. It goes even further back than most people realize. The root of this problem goes to the greed of the voters. We have learned that we can vote ourselves a raise and many people vote that way and don't know or care the results. This really started back in the FDR era. The "New Deal." "A chicken in every pot" philosophy espoused by the democrats. FDR didn't solve the depression of the 1930s and we were still in a depression when FDR and a democrat congress declared war on Germany. That was a right move and is the only thing responsible for bringing us out of the derpression. It was not, repeat, not, from any wise legislation coming out of the democrat congress. This bailout of Wall Street is just another version of the "chicken in every pot" philosophy of the democrats. If Barrack Obama is elected president of the United States you can rest assured we will taxed beyond our ability to pay. Obama's plan for medicare, social security, and all the so called "entitlement" programs will put American Citizens in a virtual state of slavery. We will no longer have any say so about what our constituiton means and, I believe, will be jailed just for questioning the congress or the president. GOD Bless America. The democrats have been doing this all my lifetime and I’m 85 years old. It goes even further back than most people realize. The root of this problem goes to the greed of the voters. We have learned that we can vote ourselves a raise and many people vote that way and don’t know or care the results. This really started back in the FDR era. The “New Deal.” “A chicken in every pot” philosophy espoused by the democrats. FDR didn’t solve the depression of the 1930s and we were still in a depression when FDR and a democrat congress declared war on Germany. That was a right move and is the only thing responsible for bringing us out of the derpression. It was not, repeat, not, from any wise legislation coming out of the democrat congress. This bailout of Wall Street is just another version of the “chicken in every pot” philosophy of the democrats. If Barrack Obama is elected president of the United States you can rest assured we will taxed beyond our ability to pay. Obama’s plan for medicare, social security, and all the so called “entitlement” programs will put American Citizens in a virtual state of slavery. We will no longer have any say so about what our constituiton means and, I believe, will be jailed just for questioning the congress or the president.
GOD Bless America.

]]> By: gloria http://www.jimdemint.com/2008/09/what-caused-the-economic-crisis-watch-this/comment-page-3/#comment-179 gloria Tue, 07 Oct 2008 19:10:52 +0000 http://www.jimdemint.com/?p=284#comment-179 get obama out of the race,do you want this coruption in the white house? get obama out of the race,do you want this coruption in the white house?

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