Political Punch

Add Senator Dodd to that committe also

Housing Crisis..Bailout

Another liberal managed govt run program that ends up costing the taxpayers more money..

The Democrats should set up a new Housing Committee..

Biden, Obama and Charly Rangle can be co-chairs.

Hey,

Do you not follow the ups and downs of real estate? My house doubled in price in less than 3 years and sold within a month of listing. Four years later there are like 30+ homes in foreclosure in the neighborhood because people walked away from houses underwater in loan/market value.

My parents house is worth about 70 times what they bought it for 30+ years ago.

So, Biden has good instincts in buying real estate. Good for him. Probably the reason he has a low net worth is that he has considerable debt from building his current home. If you're going to tell a story, try telling the WHOLE story.

mary,

Joe Biden is worth about $170K.
Go find a community organizer to beat up.

So Biden just has the one house that's raising questions, but none about the home that the McCain's "forgot" to pay property taxes on, or the fact that one home was purchased specifically so that McCain's address would be sufficient when he began his political career. Gimme a break.

Oops, I forgot to source my earlier posting - sorry, Biden Dem-MBNA:

CBS News webpage, August 27, 2008

Dear Biden Dem-MBNA,

Regarding your assertion that Hunter Biden was a lobbyist for MBNA:

"...Hunter Biden was hired by MBNA after working as a Commerce Department lawyer on Internet privacy and online commerce issues. 'Hunter consulted for five years as an expert on these very same issues at a time of enormous expansion in online banking,' Wade [campaign spokesperson] said. 'He was never a lobbyist for MBNA, and his work had absolutely nothing to do with the bankruptcy bill. Zero. Nothing..'"

Hi, Joseyj!

Re: your (correct) assertion that Obama voted against capping credit card rates...

"Obama thought a 30 percent rate was too high, and voted against the final bill." (The Swamp: Tribune Washington Bureau; Feb. 15 '08)

Translate: He thought allowing credit card companies to charge up to 30% interest...was wrong. It was too much. THAT'S the reason for the "No" vote.

The problem with taking a single vote out of context is, unless one offers the full reasoning why someone votes for or against any bill, such can be used in a manipulative fashion. I'm sure you didn't mean it as such; however, I would suggest you do a little research before you make another post like this.

Peace, and regards to you.

"Biden would not agree to be interviewed, campaign spokesman David Wade said in a written statement, because of 'time constraints -- he's going a million miles an hour.' "

Maybe he needs a "Community Organizer" to help him manage his time.

MNBA Bank needs to have a subpeona served on them so we can get to the bottom of the payoffs to lobbyists that employ his sons. I won't hold my breath as long as crooked Democrats control Congress.

Biden has serious personality disorders, crooked real estate transactions, sons who work for lobbyists for millions of dollars in wages who then turn around and lobby Biden. This Biden family is more crooked than old man Joe Kennedy!

OK, this is ridiculous. So, Joe bought a house in 1979 for an alleged bargain price, highly believable considering the poor state of the national economy and housing market conditions at that time (end of Carter admin). Then, after twenty odd years of appreciation and improvements, he sold the house for $1.2M in 1996 during a healthy housing market and strong economy (middle of Clinton admin.) to an MBNA executive (the largest employer in the area and therefore the largest number of local home buyers in the area work there), which was appraised and investigated by the local media way back then and determined to be fair market value and an arms length transaction. This "scandal" was already broken and dismissed 12 years ago. Please!

Biden and Obama both appear to have been taking bribes in their real estate dealings.

I can see why Sarah Palin's abuse of power as governor to call in a favor for her sister is worthy of investigation, but this?

I know this real estate market, and the fact that a house was worth $120,000 in 1976 and $1.2 million in 1996 is hardly shocking. First of all, on inflation alone, $120,000 in 1975 is about $350,000 in 1996. Second, there was a boom in real estate values in this area in the 80s that peaked in about 1991 (the 91 recession burst the last real estate bubble). Prices didn't dive, but they basically flatlined until about 1996.

This also explains why the guy who bought the vacant land in 1991 was happy to get out at cost in 1996--values were even to down over that period.

New Democrat Party Committee --Housing

Rangle - Obama - Biden = Co Chairs

Any Democrat who witnessed the way Obama's camp made a shambles of our Democracy, especially in the caucuses, has every right to attack the New Democratic party that has BETRAYED our DEMOCRATIC principles adding out of control sexism. THE DEM PARTY WAS HIJACKED AND WE ALL KNOW IT. VOTE ANYTHING BUT OBAMA!!!!!!!

So, let me get this straight...Joe bought a house. Several years later, he sold that house. The purchaser paying his asking price and Joe Biden made a profit. He turns around and buys a vacant lot with the proceeds. This is news? How?

Any Democrat who would vote for McCain\Palin is not and has never been a Democrat. A true Democrat, like a true Republican, believes in the principles that established their party. Like them or Democrats and Republicans are staying to their principles. A Democrat who supports McCain\Palin is like Leiberman, an Independent (aka traitor). And this is coming from an Independent.

Move along folks...nothing to see here

I have often thought that the best move if money was pouring out of a colander above my head would be to spread it to the kids and keep as clean myself as possible

The housegate thing would probably sell better if McCain knew how many homes he owned.