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Disgusted with obama administration - Part II

Home ▸ Archive ▸ Politics ▸ Disgusted with obama administration - Part II
iclfan2's avatar

iclfan2

Reppin' the 330/216/843

6,360 posts
Jun 10, 2014 12:24 PM
SportsAndLady;1624152 wrote:How about putting a ceiling on interest rates? Student loans can't be above prime. How about that?
Because as a lender, why would I let you borrow at a rate I could easily make elsewhere? The reason interest rates on debt are high are because it isn't a sure thing they will ever be paid back, and it is worth the risk if they can make a higher return than the normal market would provide, So unless you want it to be government controlled, which already didn't work out (Fannie/ Freddie), you don't have many options.
Jun 10, 2014 12:24pm
SportsAndLady's avatar

SportsAndLady

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35,632 posts
Jun 10, 2014 12:30 PM
iclfan2;1624574 wrote:Because as a lender, why would I let you borrow at a rate I could easily make elsewhere? The reason interest rates on debt are high are because it isn't a sure thing they will ever be paid back, and it is worth the risk if they can make a higher return than the normal market would provide, So unless you want it to be government controlled, which already didn't work out (Fannie/ Freddie), you don't have many options.
I'm talking just student loans. The government/third parties shouldn't try to profit large dollar amounts on loans that send Americas youth to school.
Jun 10, 2014 12:30pm
G

gut

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15,058 posts
Jun 10, 2014 12:44 PM
SportsAndLady;1624576 wrote:I'm talking just student loans. The government/third parties shouldn't try to profit large dollar amounts on loans that send Americas youth to school.
The govt doesn't profit on student loans, it's a big subsidy.

As for private, they eliminated govt guarantees back in 2010 (based on analysis that the guarantees weren't lowering the costs)...well, that necessarily increases the risk of default/discharge in bankruptcy and rates have to rise to reflect that. Profits are "large" only because of leverage and he huge notional amounts at risk - clipping coupons is a nice investment until the value of the underlying principal nosedives.

It's the tuition costs, much more so than interest rates, that are the real problem. Or, more accurately, it's the earning potential of the student/degree relative to the cost.
Jun 10, 2014 12:44pm
sleeper's avatar

sleeper

Legend

27,879 posts
Jun 10, 2014 1:46 PM
gut;1624582 wrote:The govt doesn't profit on student loans, it's a big subsidy.

As for private, they eliminated govt guarantees back in 2010 (based on analysis that the guarantees weren't lowering the costs)...well, that necessarily increases the risk of default/discharge in bankruptcy and rates have to rise to reflect that. Profits are "large" only because of leverage and he huge notional amounts at risk - clipping coupons is a nice investment until the value of the underlying principal nosedives.

It's the tuition costs, much more so than interest rates, that are the real problem. Or, more accurately, it's the earning potential of the student/degree relative to the cost.
Agreed. The problem isn't interest on student loans but raw principle. The ROI of most programs are beyond negative and the ones that are currently positive and being collectively diminished by a flood of paper degrees.

Once again, Obama proves he is absolutely clueless and entirely incompetent with his 'solution' to the problem.
Jun 10, 2014 1:46pm
SportsAndLady's avatar

SportsAndLady

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35,632 posts
Jun 10, 2014 1:53 PM
gut;1624582 wrote:The govt doesn't profit on student loans, it's a big subsidy.

As for private, they eliminated govt guarantees back in 2010 (based on analysis that the guarantees weren't lowering the costs)...well, that necessarily increases the risk of default/discharge in bankruptcy and rates have to rise to reflect that. Profits are "large" only because of leverage and he huge notional amounts at risk - clipping coupons is a nice investment until the value of the underlying principal nosedives.

It's the tuition costs, much more so than interest rates, that are the real problem. Or, more accurately, it's the earning potential of the student/degree relative to the cost.
Tuition costs is the first thing I listed, because you are right, it's the most important issue.
Jun 10, 2014 1:53pm
Q

QuakerOats

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8,740 posts
Jun 10, 2014 4:28 PM
Tuition costs are what they are because of the flood of available dollars (credit) chasing that tuition. If government got out of the business of subsidizing / guaranteeing / granting / or otherwise providing tuition dollars or incentives to tuition dollars, then tuition would not be nearly as high. That, and the liberals running the schools who have never once had to do any type of true cost cutting/budgeting etc... BIG government + liberals in charge of institutions = massive cost expansion ............ just like always.
Jun 10, 2014 4:28pm
G

gut

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15,058 posts
Jun 10, 2014 4:35 PM
^^^I agree with most of that. But it's only part of what's driving cost - a major factor is competing for students with state of the art facilities (not to mention massive administrative bloat). That's nice for student life, but for the most part it adds little value for the massive increase in cost.

And universities are also practicing their own brand of redistribution, with generous financial aid packages for "need" based students while middle class/rich pay full boat. Real shocker given most of these universities are run by liberals.
Jun 10, 2014 4:35pm
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QuakerOats

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8,740 posts
Jun 10, 2014 9:03 PM
The sheltered cocoon that these liberal profs and administrators live in is large and lavish ---- dreamland, if you will, and up till now safe from the rigors of reality and everyday business decision-making.
Jun 10, 2014 9:03pm
Q

QuakerOats

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8,740 posts
Jun 10, 2014 9:07 PM


Nice looking, well-behaved bunch ...... thanks barack!


Illegals flagging down border patrol to gain entry to USA...
Central American newspapers tout Obama amnesty program...
CONDITIONS DETERIORATE AT AZ SHELTER...
Kids Complaining Burritos Making Them Sick...
Chicken pox, staph infection fears...
Widespread sexual activity...
Feds violating child abuse laws?
Valerie Jarrett in secret meetings with activists...
PAPER: Influx 'threatens to transform nation'...
Jun 10, 2014 9:07pm
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BGFalcons82

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2,173 posts
Jun 10, 2014 9:18 PM
How is opening the borders not a violation of the Presidential Oath of Office? Isn't the President of the United States duty-bound to keep this country sovereign? Don't we have borders or is that just an old fuddy-duddy ideal? In my mind, failing to protect this nation's borders simply because he doesn't feel like it is an act of treason. He should be arrested, tried and convicted for dereliction of duty, failure to follow the Oath he spoke and the danger he has put this nation in.
Jun 10, 2014 9:18pm
Q

QuakerOats

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8,740 posts
Jun 11, 2014 1:31 PM
FBI Director James Comey confirms that the bureau's Phoenix branch has opened a criminal investigation of the Veterans Affairs Department.



There are at least a half dozen other criminal 'scandals' that he can do the same with.
Jun 11, 2014 1:31pm
Dr Winston O'Boogie's avatar

Dr Winston O'Boogie

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Jun 11, 2014 2:56 PM

You cut and pasted this from Drudge and added your comment line. I assume you want the rest of us to use this single picture to make conclusions about every hispanic illegal immigrant. That would be the same as someone posting a picture of the couple that killed cops in Las Vegas and commenting, "thanks Sarah".

Immigration has been an issue for decades in this country. That includes both democrat and republican administrations. Yet all of a sudden it is the most critical issue out there. Can you not see that how the media packages things like this and moves them to the front of the line arbitrarily? Are you so easily lead that you cannot make your own decisions about what is or isn't important?
Jun 11, 2014 2:56pm
Q

QuakerOats

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8,740 posts
Jun 11, 2014 3:36 PM
Are you serious? This is merely another example of the complete lack of leadership and responsibility on the part of this administration: they do nothing right, they solve no problems, and they blame everything on someone else. They are the biggest zeros in history. But we knew this would happen because it is exactly what happens when a mere community activist is elected to power.
Jun 11, 2014 3:36pm
Dr Winston O'Boogie's avatar

Dr Winston O'Boogie

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Jun 11, 2014 4:54 PM
QuakerOats;1625169 wrote:Are you serious? This is merely another example of the complete lack of leadership and responsibility on the part of this administration: they do nothing right, they solve no problems, and they blame everything on someone else. They are the biggest zeros in history. But we knew this would happen because it is exactly what happens when a mere community activist is elected to power.
I get it that you don't like Obama. You've made that point before. What I laugh at is how you're all fired up today about an issue that has been equally problematic for at least 20-30 years. Why is this such a do-or-die thing above other issues? It seems suspiciously like your talking about it because Rush/Fox/National Review/Drudge have made it a big issue in the past couple of years. If they switched over to topic XYZ today, you'd be yapping about how Obama is to blame for XYZ tomorrow.
Jun 11, 2014 4:54pm
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QuakerOats

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8,740 posts
Jun 11, 2014 5:13 PM
I am equally, or actually more fired up about:

Taliban terrorist trade
VA criminal scandal
IRS criminal scandal
Benghazi criminal scandal
NSA criminal scandal

and also along for the ride:

Fast-n-Furious
AP
EPA dictatorial fiat
Rampant unemployment
Record Debt and Deficits

and of course the ever-popular

obamaKare


No one can focus on any one scandal or disaster because there are so many of them coming so fast on a daily basis.

I get it that you are upset that I posted a picture of a bunch of illegal gang bangers who are here to do nothing but mooch and commit crime. Your guy will do NOTHING about it, as usual; I am not sure there are any laws he follows any more. At least the republican party said enough is enough and got just rid of an amnesty guy and replaced him with someone who advocates securing the border BEFORE we even discuss 'amnesty'.

Defending the indefensible seems to be a real persistent problem with the Left.




There is so much wrong right now that it makes your head spin
Jun 11, 2014 5:13pm
G

gut

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15,058 posts
Jun 11, 2014 5:43 PM
The real problem with immigration that isn't getting much attention...HOW can you pass amnesty, in whatever shape or degree, knowing that Obama will pick and choose what to enforce and when as he has with ACA?
Jun 11, 2014 5:43pm
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QuakerOats

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8,740 posts
Jun 11, 2014 9:44 PM
IRAQ ANARCHY SPIRAL
WAR GAINS LOST


Pre-ordained Peace Prize winner nowhere to be found ...... the be-headings begin
Jun 11, 2014 9:44pm
believer's avatar

believer

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8,153 posts
Jun 12, 2014 6:12 AM
gut;1625230 wrote:The real problem with immigration that isn't getting much attention...HOW can you pass amnesty, in whatever shape or degree, knowing that Obama will pick and choose what to enforce and when as he has with ACA?
Rand Paul is jumping on board the good ship Amnesty too...he just made my "I ain't voting for this guy" list.

http://www.washingtontimes.com/news/2014/jun/11/exclusive-rand-paul-throws-weight-behind-immigrati/
Jun 12, 2014 6:12am
Dr Winston O'Boogie's avatar

Dr Winston O'Boogie

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1,799 posts
Jun 12, 2014 7:52 AM
QuakerOats;1625218 wrote:I am equally, or actually more fired up about:

Taliban terrorist trade
VA criminal scandal
IRS criminal scandal
Benghazi criminal scandal
NSA criminal scandal

and also along for the ride:

Fast-n-Furious
AP
EPA dictatorial fiat
Rampant unemployment
Record Debt and Deficits

and of course the ever-popular

obamaKare


No one can focus on any one scandal or disaster because there are so many of them coming so fast on a daily basis.

I get it that you are upset that I posted a picture of a bunch of illegal gang bangers who are here to do nothing but mooch and commit crime. Your guy will do NOTHING about it, as usual; I am not sure there are any laws he follows any more. At least the republican party said enough is enough and got just rid of an amnesty guy and replaced him with someone who advocates securing the border BEFORE we even discuss 'amnesty'.

Defending the indefensible seems to be a real persistent problem with the Left.




There is so much wrong right now that it makes your head spin
My point is that your posts are very predictable. I could listen to Limbaugh and read National Review each week and probably guess which topics you'll be most fired up about the next week. I'm not an Obama guy, but I am of the opinion that he's no more of a political snake than any of the other people who've sat in his chair from both parties.

Answer this: why is it Obama's fault that immigration has not been solved as opposed to Bush jr, Clinton, Bush sr. Reagan?
Jun 12, 2014 7:52am
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TedSheckler

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Jun 12, 2014 9:13 AM
Dr Winston O'Boogie;1625347 wrote: Answer this: why is it Obama's fault that immigration has not been solved
It's not. It's never Obama's fault. He just found out the other day it is a problem because he read it in the newspapers.
Jun 12, 2014 9:13am
Q

QuakerOats

Senior Member

8,740 posts
Jun 12, 2014 9:39 AM
Dr Winston O'Boogie;1625347 wrote:My point is that your posts are very predictable. I could listen to Limbaugh and read National Review each week and probably guess which topics you'll be most fired up about the next week. I'm not an Obama guy, but I am of the opinion that he's no more of a political snake than any of the other people who've sat in his chair from both parties.

Answer this: why is it Obama's fault that immigration has not been solved as opposed to Bush jr, Clinton, Bush sr. Reagan?

The problem is far, far worse today than ever, straining budgets at all levels all across the country. Maybe you did not know this. And now, tens of thousands of young people are being dumped at points all across the southern border creating a plethora of serious, serious problems. Maybe you did not know this either.

obama has no leadership or managerial skills, and he is a divider as opposed to one who can unite. So, although he asked for the job - twice - he should not have taken the job because he is not qualified to do the job. That alone makes it his fault. Obviously you drink the kool-aid, and predictably would rather blame his predecessors. His predecessors largely solved the problems of their day, unlike the current president who has solved nothing, but made matters far worse.

Good luck.
Jun 12, 2014 9:39am
Q

QuakerOats

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8,740 posts
Jun 12, 2014 9:21 PM
The horrific disaster that is now unfolding in Iraq is a direct result of the asinine policies of the obama administration. Withdrawing against the advice of the military leaders, and doing nothing in Syria has led to this incredible resurgence by the militant radicals who had been beaten down to next to nothing. I agree with McCain today, obama needs to completely replace the idiots who are his national security team ---- my God what a bunch of complete flunkies.

It is unbelievable how much of a failure this administration is --- just sickening.
Jun 12, 2014 9:21pm
G

gut

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15,058 posts
Jun 12, 2014 9:30 PM
QuakerOats;1625684 wrote: It is unbelievable how much of a failure this administration is --- just sickening.
Look at the bright side...Obama now has something to distract Fox News from his horrible economic record.
Jun 12, 2014 9:30pm
Ytowngirlinfla's avatar

Ytowngirlinfla

I wear real chevrons!

2,295 posts
Jun 12, 2014 9:45 PM
QuakerOats;1625684 wrote:The horrific disaster that is now unfolding in Iraq is a direct result of the asinine policies of the obama administration. Withdrawing against the advice of the military leaders, and doing nothing in Syria has led to this incredible resurgence by the militant radicals who had been beaten down to next to nothing. I agree with McCain today, obama needs to completely replace the idiots who are his national security team ---- my God what a bunch of complete flunkies.

It is unbelievable how much of a failure this administration is --- just sickening.
Thank god I'm done in 6 months because it looks like they are wanting air strikes. The previous 2 times we sat in the gulf and did nothing. I can't imagine how many ships would be sitting there shooting million dollar missiles.

Everyone knew pulling out of Iraq completely was a bad idea. Oh yeah except for Obama.
Jun 12, 2014 9:45pm
believer's avatar

believer

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8,153 posts
Jun 13, 2014 5:06 AM
Ytowngirlinfla;1625696 wrote:Everyone knew pulling out of Iraq completely was a bad idea. Oh yeah except for Obama.
reps
Jun 13, 2014 5:06am