Tuesday, March 24, 2009
Posted by:
Kevin McCullough
at
8:10 PM
 Brother Double Speak... Within the first opening moments of his yet ONE MORE prime time presser, Cool Brutha in Chief stated that the mortgage bailout programs should only go to " responsible mortgage holders who need help" and then claimed that " up to 40% of all mortgages are now eligible for his bailout plan..." (transcript not available at time of posting...) (UPDATE: the exact wording as referred to in the above graph from the transcript: "The second step we took was to launch a plan to stabilize the housing market and help responsible homeowners stay in their homes. This plan's one reason that mortgage interest rates are now at near historic lows. We've already seen a jump in refinancing of some mortgages, as homeowners take advantage of lower rates. And every American should know that up to 40 percent of all mortgages are now eligible for refinancing.") Are 40% of all mortgages in default? Are 40% of all mortgages in default but also held by "responsible mortgage holders?" And closer... how does one maintain the title of responsible mortgage holder and simultaneously go default on one's mortgage? Anyone wanna take a stab at this?
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I can't stand to listen to the man. But, I would think that he meant 40% of mortgages that are in default are held by responsible homeowners. I know, that is an oxymoron that only a liberal could believe. |
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"40% of mortgages that are in default are held by responsible homeowners. I know, that is an oxymoron"
Why is it an oxymoron? We had 2.6 million people lose their jobs in 2008. Are you declaring that someone who loses their job and can't pay their mortgage is irresponsible? |
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Is he really dumber than utterly stupid ?
or
Is he so sinister, so deranged, so filled with evil that he believes his 40% of illiterate, parasites will believe anything he says: |
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40% of the MORTGAGES ARE NOT IN DEFAULT !
THAT is the point !
possibly 1-12% of the total mortgages are in default for a million different reasons!:
like his 57 states you think ? |
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And Munck...
He claimed 40% of mortgage holders would be eligible for his mortgage bailout plan.
Thus opening the door for more/greater numbers of people being irresponsible.
I know Munck loves this. Like his desire to sex up 14 year old girls, he loves this sort of "freedom" from the rigidity of rules and law.
Yet - it is IRRESPONSIBLE as a society to continue to perpetuate the idea that people should have the right to buy - that which they never could afford to begin with. |
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"But that wasn't what he said"
From the transcript:
"The second step we took was to launch a plan to stabilize the housing market and help responsible homeowners stay in their homes. This plan's one reason that mortgage interest rates are now at near historic lows.
"We've already seen a jump in refinancing of some mortgages, as homeowners take advantage of lower rates. And every American should know that up to 40 percent of all mortgages are now eligible for refinancing."
The words you put in quotes don't appear anywhere in the transcript. |
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Are you twisting the words again to suit your agenda? Seems so, Kev. See, this is how the rightwing works - you start out with a thinly veiled racist remark ('brutha'), because you do know your audience, don't you Kev? And then you swoop in with a distorted paraphrasing of the President's remarks. Oh, you don't DARE quote the man, because that would show the lie in your accusation - but here's the secret: your audience doesn't even CARE whether you lie or not! They only want to hear the spin, Kev - they are waiting for you to tell them what to think and parrot to their fellow partisan bumpkins.
How sad is it that KMC can't even be honest enough to actually include the direct quotes he's bungling, or at least a link to allow us all to see for ourselves what a bald-faced liar Kev is. Too bad your parrots are too lazy and too indoctrinated to care. |
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the transcript was not available as I was posting this last night.
But the exact quotes that Munck provides are even MORE SPECIFICALLY clear as to the meaning of what I was referring to...
Thanks much! |
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The post has been amended to include the quotes you provided.
Again the original post was put up before any transcript was made available.
I've highlighted the parts I was summarizing and their corresponding parts of the exact transcript.
On substance... 100% accurate.
Not that Relei would ever admit it. |
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"On substance... 100% accurate."
Not in the least. Obama said "And every American should know that up to 40 percent of all mortgages are now eligible for refinancing."
Note the word "all." My mortgage, for example -- 4.25% fixed rate, 10 year, 4 left -- is eligible for refinancing. (I'm not likely to do so.)
You had to put together two sentences from two separate paragraphs to get even a hint of what you claim, and you had to ignore completely the text in between: "This plan's one reason that mortgage interest rates are now at near historic lows. We've already seen a jump in refinancing of some mortgages, as homeowners take advantage of lower rates." He is obviously talking about all kinds of refinancing.
"Are 40% of all mortgages in default?"
That's dishonest; nothing was said about being in default. Either you know you're being dishonest, or you're really stupid. Which is it? |
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"Which is it?"
Why can't it be both? |
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So, you managed to be shamed into putting in the quote, but now we can see how your claim doesn't bear out. President Obama never says that all of the up to 40% mortgages are in default - YOU did. You drew a connection that WASN'T THERE and you are not man enough to even admit it.
What a hack. |
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A red barn if standing two feet in front of it...
And Munck - I made no assertion about "40% being in default..." I asked.
Do you understand the difference?
See it's like this, when you're alone in your Mom's basement and the 14 year old girl you have with you says "No!"
You are supposed to understand that differently than if she says, "No?"
The precise point of asking the 40% in default argument. It was Mr. Obama himself who was trying to use the 40% number as a way of showing that he was assisting the hurting home owner.
If mortgage holders are on time with their payments, have an excellent payment history, then they are pretty much eligible to refinance at any time they wish.
The bailout plan that he claimed was for "responsible homeowners" only was anything but. "Responsible homeowners" are not the ones begging for help. "Responsible homeowners" have paid their bills even going through layoffs etc.
The bailout plan was by definition to help those that had defaulted, missed payments, or are facing having their homes foreclosed on.
Thus asking the question, "40% of mortgages were in default?" was a simple way of exposing the fact that what Obama was attempting to portray as help, was really just more shuck and jive from the Cool Brutha in Chief.
And Munck you are the last person who should be criticizing others as dishonest, stupid or both.
You seem to live in that triangle permanently. |
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