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.

One can sure tell that no one in the Obama camp was ever a Boy Scout. Boy Scouts and school classes instruct on how to dispose of an American flag. And it certainly is not stuffing it in the trash. I think the Obama people respect the American people the same way they respected the American flags. They don't. It is simply about Obama and his need for power.

Both Obama and Biden have housegate issues. Let's just close our eyes and hope no one reports on it.

McCain has 169 lobbyists working for him including his campaign manager.

Obama has zero.

McCain is more of the same.

Liberal Media will not report it.
Jack can you ask ABCNews to show that in the evening news

I am still stuck on Obama's comments yesterday:

"They say he is Muslim"

Nobody has ever said that from the McCain campaign. Hillary's campaign was accussed of it.

I think Obama is edging more and more to his mentor Rev Wright with "imagined" enemies and "crazy rantings" on how "they" are attacking me.

Rev Wright was scary enough without Obama slipping into the role of black victim.

Must be a slow news day. No story here. Yawn.

Go Obama/Biden!

Biden is for the American people:

He backed the banking industry by protecting them and preventing consumers access to bankruptcy claims.

He backed the insurance industry by protecting them and preventing workers from filing lawsuits over asbestos poisoning.

His son is a lobbyist. His clients? The banking industry and insurance industry. His son is on a $100,000 yearly retainer from these lobbyist groups.

On economics Biden is a dimwit. Who, having earned a 6-figure government income for over 25 years has a net worth of $75,000? Obviously not the
brightest bulb.

Another McCain/Palin Democrat here in Ohio !

Country First

What ELSE are they going to do with the flags? I'm sure they did the same thing every convention has done for decades. Would you have been happier if they used no flags at all so that none could be "dis-respected?" No, then you would use that to say that they hate America. Of course, now you claim that they hate America anyway, so obviously the real world doesn't affect your opinion much.

There is no there there.

Say it ain't so, Joe! WOW! Obama's decision to put Hillary CLinton on the bench and promote Joe "Big Mouth" Biden to the #2 spot on the ticket is really looking like another "boneheaded" move by The One.

Joe Biden is just NOT VP material! he has run for POTUS numerous times and never gets any support. And Obama has ZERO experience to be POTUS. What a team those two male senators are, huh?

NOT!

Joe Biden will not release his US Senate seat b/c he knows Obama is a loser. Biden took one for the team b/c the other people (Hillary, Bayh, et al.) told Obama to shove it! Biden is just going thru the motions. His speeches put people to sleep. He is not in it to win it. He's in it b/c he was th eonly one willing to take Obama up on his offer.

Just wait until the audio and video start to actch fire where Biden talks about his involvement with lobbyists (including his own, a lobbysit)! Jake, I hate to say this, but you should look into the lobbyist connection of Joe Biden. Biden's adult son is a Washington, DC lobbyist for credit card companies. Obama refused to support a cap on credit card interest rates. Biden work in legislation to benefit the purchaser of his home - at full price - is very alarming.

Quid. Pro. Quo. Like. Obama. And. Rezko.

John and Sarah '08
Hillary in 2012

No, you can't sign for me or other dems...that is not your right....you can sign some way that speaks to you....such as faux dem for McCain/Palin or deluded person for McCain/Palin...but not like you speak for any person other that yourself.

And I am not bigoted...just feed up with whack jobs that have IQ's smaller than their waists size trying to speak for me and other dems who wouldn't vote for the republican duo because we believe in a party platform.

"Please don't insult true dems by signing something as Dems for McCain/Palin" hey Just Wondering, the funny thing about democracy is that WE CAN sign things however we like.
VOTE NO TO BIGOTED OBAMA SUPPORTERS like Just Wondering!!

This is no Rezko deal. MSM doesn't care about Rezko why should a deal which is much more open be a concern.

Hum...maybe they are getting ready to pick a new VP candidate. Why can't we have some of the truth about Obama Huinsane? Guess we are afraid of the "uppity" person. Where is his real birthcertificate??? That is a most important question!!!! Hope someone out there finds it soon.

Say it ain't so $150,000 Joe!

As a Realtor - this is NOT a big deal. Leave Biden alone on this ONE thing, everyone buys, sells homes - and hopefully - they make a profit.
Let's look into more important issues - like obama's radical associates.

Please don't insult true dems by signing something as
Dems for McCain/Palin

There is NO, I repeat, NO, true democrat that will vote for this duo to continue the same failed policies of Bush/Cheney.

This McCain/Palin ticket is just a short step away from violation of church and state. We are not electing a religious leader or declaring a state religion.

If McCain/Palin and the ultra-conservative right that now controls the republican party win, I don't know if it will be announced by media or if we will need to wait for the white smoke to rise from the capitol!

Biden = Rezko-like ?

McCain = Presidential
Obama = Greek-God like

SARAH PALIN DOESN'T NEED TO GO TO
OPRAH'S SHOW.....

OPRAH ENDORSED OBAMA.

SARAH PALIN CAPTURED 40 MILLION VIEWERS
THE OTHER DAY......
SARAH PALIN.....ROCKS.....

McCAIN/PALIN '08

The last thing Obama needs now is a scandal on his VP ...

Already the poll numbers are not looking good ...

AND ..

On the international front ...

With a Resurgent Russia and the likes of Medvedev today reported to be saying "THAT RUSSIA MUST BE RECKONED WITH", AND a SURGE STRATEGY is that succeeding in IRAQ; there appears to be an unfortunate conspiracy of events that is working against OBAMA and his game plan.

On a domestic front ...

On Palin. even his campaign strategist, Axelrod admitted "I can honestly say that we weren't prepared for that,". Obama camp is in a little disarray. Biden, a loose cannon, is relatively mute, threading carefully and hoping for surrogates to do the attack dog these days.

A New Game Plan / Plane is in order to stop this slide

My grandmother's home was sold for eight times its original value after she'd lived in it for three decades. That's how the property market goes. While she DID NOT sell it during a peak market period, the value was still multiplied eightfold because of its location and how cheap houses were back then (over 30 years ago). Taking advantage of a property market slump, she then purchased a new house that the original owner sold at a loss, because he'd bought it during a slight market inflation.

So the whole Joe Biden story doesn't amount to much, in my opinion. I wouldn't be surprised if a few minor favors WERE called in but overall, there's nothing unusual about what happened. It's a story typical of American home owners who've bought property for several decades.

Must be an extremely dull news day. reckon that's because Palin's in hiding. What makes a person's purchase of real estate a story at all when we have so many critical economic and security worries today?

Check out his crap on Palen and how she distorts facts;

PALIN: "And I have protected the taxpayers by vetoing wasteful spending: nearly half a billion dollars in vetoes. I suspended the state fuel tax and championed reform to end the abuses of earmark spending by Congress. I told the Congress 'thanks, but no thanks,' for that Bridge to Nowhere."

FACT: While serving as mayor of Wasilla, Alaska, Palin hired Steven Silver, a former chief of staff for Sen. Ted Stevens, to lobby Congress for earmarks. Wasilla received around $27 million in federal money, about as much as Boise, Idaho. Boise has a population of 200,000 people, compared with Wasilla's 10,000. Earmarked funds went to sewage improvements and improving roads connecting the town to a local ski resort.

There is plenty more if you need it.

Check out his crap on Palen and how she distorts facts;

PALIN: "And I have protected the taxpayers by vetoing wasteful spending: nearly half a billion dollars in vetoes. I suspended the state fuel tax and championed reform to end the abuses of earmark spending by Congress. I told the Congress 'thanks, but no thanks,' for that Bridge to Nowhere."

FACT: While serving as mayor of Wasilla, Alaska, Palin hired Steven Silver, a former chief of staff for Sen. Ted Stevens, to lobby Congress for earmarks. Wasilla received around $27 million in federal money, about as much as Boise, Idaho. Boise has a population of 200,000 people, compared with Wasilla's 10,000. Earmarked funds went to sewage improvements and improving roads connecting the town to a local ski resort.

There is plenty more if you need it.

Time to vet Obama and Biden.

Biden and Obama - crooks!

Gee, both Biden and Obama are involved in shady real estate deals?

Welcome to the corruption club?

"Forget going after Sarah Palin who is hiding from the media. Let's have 59 days worth of headlines on this."

Be careful what you wish for. You guys misunderestimated her once already.

how about reporting on that failed car wash the Palins owned because of bad business practice.

So......

>>>>>>In 1996, Biden sold a home in Greenville for the asking price of $1.2 million -- more than six times what he paid two decades earlier -- to John R. Cochran III, a top executive at the MBNA credit card bank that was a longtime political benefactor

Biden pushed the 2005 Bankruptcy Bill that benefitted MBNA and other credit card companies!

And Obama voted AGAINST capping credit card interest rates. This was mentioned during a debate.
iow - Obama didn't care how much interest consumers had to pay.

Dems for McCain/Palin!

Real estate is a lot like a roller coaster in many areas. According to the tax collector, my home has gone up almost sixteen times what I paid for it thirty years ago so that's no surprise. However, in those intervening years it's also gone down in value at times due to cyclical swings in the market.

I think Biden's situation is no different although there may have been some preferential treatment in certain areas. Nothing to get excited about, really, given what some of the elected officials resort to.

I still intend to vote Democratic.

ABC News DOES do a good job of reporting - online.
But info that could be damaging to Obama is RARELY aired on ABC TV.

This election has opened my eyes to the bias in the media - the same media that "elects" our presidents.
And the media has promoted Obama and concealed negative info about him from the gitgo!

Forget going after Sarah Palin who is hiding from the media. Let's have 59 days worth of headlines on this.

I suppose if Palin is unavailable, they have to go after someone

Wow, Biden's house goes up 600%, but the property he bought didn't increase in value? Why would you dump an asset thats increasing in value 6 fold for an asset thats not increasing in value at all?

If Joe Biden gets elected, it'll be the first time in Americas history that a credit card company owns the White House.

I think it's downright sexist that anyone in the media would dare question the past transactions of a Vice Presidential canditate.

so..i dont get the dust up over this? is there surprise that property value goes up over 20 years? that doesnt seem all that amazing to me. certainly you dont need any special deals to have property rise in value over 2 decades worth of market, right?

Jake

Does Cochran still own that property? Did it suddenly get sold after this transaction?

That is an important question I think.

Hmmmmm.........