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He still doesn't get it regarding the mortgage crisis

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kitkat65 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-04-08 11:04 PM
Original message
He still doesn't get it regarding the mortgage crisis
"I fight for Bill and Sue Nebe from Farmington Hills, Michigan, who lost their real estate investments in the bad housing market."

Many people are losing the only roof over their heads that they have, not investment properties for fuck sake.

You really don't roll with the unwashed masses much, do you John?
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EmperorHasNoClothes Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-04-08 11:04 PM
Response to Original message
1. Oh god, they may have to summer in Nantucket this year!
The HORROR!
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RoccoR5955 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-04-08 11:08 PM
Response to Original message
2. there were so many times when he spoke down to the middle class...
...I can't remember them all. It was abysmal.
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Prefer Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-04-08 11:12 PM
Response to Original message
3. just because you have a roof over your head doesn't mean its not an investment.
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Frances Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-04-08 11:13 PM
Response to Reply #3
4. But investmentS?
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kitkat65 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-04-08 11:29 PM
Response to Reply #3
8. Yes, a home is an investment, but he specifically used the word investments, as in plural.
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BlooInBloo Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-04-08 11:13 PM
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5. It's hard for someone with a $100 million sugar mama to really get it.
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Median Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-04-08 11:16 PM
Response to Original message
6. Actually, He Simply Did Not Mention The Mortgage Crisis Once
Nothing, zip, nada. Perhaps the Keating Five scandal still haunts him.
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murdoch Donating Member (658 posts) Send PM | Profile | Ignore Thu Sep-04-08 11:28 PM
Response to Original message
7. Farmington Hills, MI
The average family income in the United States was $58,526 when surveyed by the government two years ago. The median value of an owner-occupied home in the US was $185,200.

The average family income in Farmington Hills, Michigan was $85,775 two years ago. The median value of an owner-occupied home in Farmington Hills, Michigan was $274,900.

The families of Farmington Hills make 45% more income than the average American. The owner-occupied homes of Farmington Hills are more than 45% the worth of the average American home.

What McCain said was not an accident. This is his constituency - landlords, rentiers, parasites.
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SheilaT Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-04-08 11:33 PM
Response to Reply #7
9. Given those figures
it's clear that to McCain a couple from Farmington Hills would be very much at the lower end of the middle class.
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