What's new

The Biden Administration and All Things Politics

I would like for anyone here who would support this California policy to explain their position on it. Not going to argue or shame; I just want to understand their thinking and ideas on this.


View: https://x.com/unusual_whales/status/1828156042574008655?s=46&t=BMMZjW7vq0_zwnmLDjNTgQ

I'm not saying I'm for it, especially since it seems like it could contribute to home prices going up more than they already are.

I didn't read the whole thing but I imagine this is to make undocumented people eligible for a program that already exists.

I'd trend to be against it because it takes a lot of documentation to buy a home with a home loan not to mention a state backed home loan and if you can handle that documentation then maybe you should just go ahead and start with your immigration documentation.

All that said I don't find it outrageous. Immigrants contribute to the economy and if you allow them to buy stable housing all the better for them and all the economic activity homeowners tend to produce. This is a loan not a handout. If these immigrants were little corporations or sports franchises the state would be buying their house for them and giving them a pass on their taxes for the next 10 to 20 years.

Fun fact, immigrants (legal and illegal) don't drive down wages. They expand the economy in the areas where they exist. Large studies in areas heavily impacted by immigration have shown this.
 
I would like for anyone here who would support this California policy to explain their position on it. Not going to argue or shame; I just want to understand their thinking and ideas on this.


View: https://x.com/unusual_whales/status/1828156042574008655?s=46&t=BMMZjW7vq0_zwnmLDjNTgQ

It's to combat homelessness imo, but I don't like it. There are other ways than just giving money that might lead to bigger loans that they cannot pay back and we are looking at another bubble, albeit more local. I agree with sardines that it's likely to drive home prices even higher artificially, which is a decidedly bad thing. I think there are other ways to address the homelessness problem than just giving them money. Giving them an actual home would be better, and has been proven to be effective in isolated test cases. But encouraging more debt is just bad all the way around, considering that 150k in California won't get you a spare bedroom. Debt is sure to follow. Without a clean clear path to citizenship it's everyone else who will foot the bill when those loans go belly-up as they are highly likely to do with this happening in a vacuum.
 
Some comments about RFK decision:

"Kennedy said that he’s suspending his campaign but remaining on the ballot in several states. He also said he was offered a role in a potential second Trump administration." He's backing Trump, and then trying to split the Democratic vote. If that's the case the Democratic base doesn't need him.

The GOP has been funding him from the start...
His SuperPAC was literally 90 percent funded by donors who also gave huge amounts to Trump this election cycle.
Citizens united needs to be reversed.




So let me get this straight. He was was willing to endorse either candidate, as long as they offered him a position in their administration. How honorable.

Yep
Even his own family has said that his decision today is a betrayal of the values that our father and family hold dear. They said it is a sad ending to a sad story.
They also endorsed Harris/Walz

Let's all remember that earlier this week, he offered to endorse Harris as long as she promised him a Cabinet seat. She said, "No thank you".

Well RFK Jr basically sold his campaign to the highest bidder. I applaud Dems for not playing this game and think this simply shows Republicans lack the moral character to be leaders. It's all transactional with them.


He doesn't care who he endorses as long as he gets a job.

The Kennedy family released a statement disavowing his endorsement of Trump.

Not shocked, just more weirdness. And remember, this guy will get an important job under a Trump admin.

Doesnt matter, all 3097 people who supported him wont make a difference.

So, a rich guy from a billionaire family throwing his support behind another privileged billionaire - hmm, maybe the 30,000 page tax code needs some more loopholes for billionaires, eh? We need reform, and we need to take power back from the ultra rich political donor class so that the people in public office are working for the needs of hard working Americans making the median wage of $22 per hour. I say no to kleptocrats!

Unfortunately, RFKJr was offerings his endorsement to whoever would guarantee him a position in their administration. Dems turned him down and trump is stringing him along with empty promises and will drop him when he is no longer useful like he does everyone else. When your endorsement is sold to the highest bidder, it has no real value.

Too bad we won't know what Trump bribed him with unless Trump wins. Harris, to her credit, refused to pay to play with this peanut. This shows Trump's desperation.

He called Trump “ barely human “ and yet he endorses him. This says a lot about his character and his willingness to put country over self ambition. Good riddance!

To perfectly counteract his effect, I too will immediately suspend my campaign and endorse Harris/Walz, and hope my 2 voters do likewise.

Harris didn't give him a seat at her table so he endorsed Trump. His word and endorsement means nothing. It's empty.

RFK JR approached both candidates willing to sell his endorsement. Only one has low enough morals to take him up on that offer.
That's literally how a democracy should work dumbass. When a popular candidate is forced out like Bernie with no concessions and no compromise and they are made to endorse another candidate, your democracy isn't working. Candidates are supposed to earn your votes they arent supposed to just be given your votes based on cult membership.
 
Last edited:
That's literally how a democracy should work dumbass. When a popular candidate is forced out like Bernie with no concessions and no compromise and they are made to endorse another candidate, your democracy isn't working. Candidates are supposed to earn your votes they arent supposed to just be given your votes based on cult membership.
A dude selling himself out to the highest bidder has nothing to do with democracy dumbass. Looks like your dumbass misinterpreted another post.

Sent from my CPH2451 using Tapatalk
 
Just happened to catch this at the end of a PBS broadcast. Story Corps is good with these animated shorts. I remember the night Robert Kennedy Sr. was killed while celebrating his victory in the 1968 California primary, but I forgot about the busboy who cradled his head. Touching story.



View: https://www.youtube.com/watch?v=VKmAQaqVHqA
 
I'm not saying I'm for it, especially since it seems like it could contribute to home prices going up more than they already are.

I didn't read the whole thing but I imagine this is to make undocumented people eligible for a program that already exists.

I'd trend to be against it because it takes a lot of documentation to buy a home with a home loan not to mention a state backed home loan and if you can handle that documentation then maybe you should just go ahead and start with your immigration documentation.

All that said I don't find it outrageous. Immigrants contribute to the economy and if you allow them to buy stable housing all the better for them and all the economic activity homeowners tend to produce. This is a loan not a handout. If these immigrants were little corporations or sports franchises the state would be buying their house for them and giving them a pass on their taxes for the next 10 to 20 years.

Fun fact, immigrants (legal and illegal) don't drive down wages. They expand the economy in the areas where they exist. Large studies in areas heavily impacted by immigration have shown this.
Thanks for yours and @LogGrad98 responses. I appreciate it.
 
I would like for anyone here who would support this California policy to explain their position on it. Not going to argue or shame; I just want to understand their thinking and ideas on this.


View: https://x.com/unusual_whales/status/1828156042574008655?s=46&t=BMMZjW7vq0_zwnmLDjNTgQ

The program is to give the California government a piece of California’s real estate market. If you take that loan, California literally owns a fifth of the house. It is not like taking a loan from a bank which uses the house as collateral.

With a typical loan, if you borrow $100k to pay for a $500k house and in five years the house doubles in value then you still owe the bank $100k plus interest minus payments. With the California program, if you borrow $100k for a $500k house and it doubles in value then you owe California $200k. Whatever the value of the house is, California owns a fifth of it, and when you sell the house or even when you refinance it, the full amount of California’s share is payable in full immediately.

California doesn’t care if you are a citizen, an illegal alien, or a golden retriever. All they care about is that someone qualified for a loan at a bank to cover 80% of the cost of the house and they hope the debt can be serviced long enough for the property to appreciate in value.
 
Of five false conspiracy theories that Kennedy has promoted all five generated far more agreement among Trump voters than among Harris voters: that COVID-19 vaccines are more harmful than the virus itself (55% vs. 8%); that climate change is being used as a pretext for imposing totalitarian controls on society (68% vs. 7%); that Prozac and other antidepressants have led to a rise in school shootings (35% vs. 12%); that vaccines cause autism (25% vs. 5%); and that chemicals in the water supply could turn children transgender (8% vs. 4%).

So it’s no surprise that when poll respondents are asked how they would vote both with and without Kennedy on the ballot, about 55% of Kennedy’s remaining voters break for Trump, on average, and about 45% break for Harris.
That split means Kennedy's exit probably won’t affect the election in a dramatic way. If Trump were to immediately gain 55% of Kennedy’s remaining voters, explains data journalist Nate Silver, Harris’s average national lead would shrink from 2.5% to 2.1%.

In reality, the effect might be even smaller. Disaffected by definition, Republican-leaning Kennedy voters have had ample opportunity to support Trump in the past; instead of swinging his way, they could back a different third-party candidate, like Libertarian Chase Oliver. Or they could stay home in November.

Still, small margins in key swing states have decided both of Trump’s previous presidential elections. That could happen again — and if it does, Kennedy’s decision this week could make a (minor) difference.
Man he’s a weirdo.

I saw this the other day and got a good chuckle. Weirdos, all 3 of them.

IMG_8042.jpeg
 
Back
Top