Fact check: Opening night of the DNC

[lostinblue 1,989]

I'm employed. Did well under Clinton. Did well under Bush. Doing very well under Obama. You see, when it comes to my career, I built it. Unlike Republicans, I'm not going to run around whining and blaming a President for my career success or lack thereof. I believe in taking personal responsibility for my economic well being. Guess that's an odd concept but I'm kind of old school that way.

You have said that your house is underwater... I would say your economic situation is far from fine.

[Penny Lane 8,159]

Maybe he lives in a pineapple under the sea.

[JohnR! 5,495]

You have said that your house is underwater... I would say your economic situation is far from fine.

And that would be incorrect, were you to make such a statement, based on one single aspect.

Maybe he lives in a pineapple under the sea.

He might be neighbors with the octopus, in whose garden there is a spot of shade....

[Ban Hammer 13,558]

Maybe he lives in a pineapple under the sea.

big dog is sponge bob?

[Penny Lane 8,159]

big dog is sponge bob?

You never know.

[Usui Takumi 1,562]

You have said that your house is underwater... I would say your economic situation is far from fine.

I never realized having a temporarily devalued asset automatically means a person is in a bad economic situation. My Vesta stock lost 190% of its value in the last two years...I must be in a bad economic situation.

[Mr. Big Dog 10,747]

You have said that your house is underwater... I would say your economic situation is far from fine.

I am and yet it is. Two things. One, I am not paying more for my house than I expected to pay for it when I first bought it. I made the decision to buy it and I stand by that decision rather than blaming anyone else for it. Now, seeing that my income has gone up significantly over the last few years, my mortgage takes a smaller bite out of my budget than it used to. Second, I have the choice of either making that bite even smaller or getting out from under water sooner since I can now refinance this under water mortgage at historically low rates. Key word: HARP2. I don't hold Obama responsible for the collapse of the housing market - that would be unreasonable seeing that the collapse pre-dates his taking office. I do recognize, however, that the administration has taken action to allow people like me to take advantage of historically low interest rates.

[I AM NOT THAT GUY 5,715]

I never realized having a temporarily devalued asset automatically means a person is in a bad economic situation. My Vesta stock lost 190% of its value in the last two years...I must be in a bad economic situation.

I suppose it depends on the asset. If you have been using the equity in your house as a piggy bank to live above your means, then suddenly your equity is no longer there, and your retirement plans just went "poof", you might be in trouble. Of course, anybody that considers the house they live in as an asset, is delusional.

Like you correctly assume, it only becomes an asset when you sell it. Up to that point, it is a liability, until it is paid for.

Edited September 6, 2012 by The Patriot

[Mr. Big Dog 10,747]

If you have been using the equity in your house as a piggy bank to live above your means, then suddenly your equity is no longer there, and your retirement plans just went "poof", you might be in trouble.

I bought my house to have a nice place to live in not as an asset to spend against. Problem is that most houses in FL lost more in value than people had in equity in it. If you had 20% equity in your house to start and then your home value falls 35% or 40%, then all of a sudden you're under water w/o ever having used your house as a piggy bank.

[The Nature Boy 4,224]

I dont think a company was going to say they were leaving US coz of Obama, you know that and I know that as well.

Companies go to places which favor them.

As a leader not only Obama whoever it is there on top it is his and his administration's duty to keep companies and jobs in US.

The way current president has sent out the message about taxing ppl, taxing corporations is wrong ringing wrong bell.

Weak... yes further and further as more companies go for other grounds it would certainly weaken our economy.

You wanna bet. I know a lot of business owners that are holding on to cash reserves until the election is decided and a very business unfriendly administration is hopefully voted out .

[I AM NOT THAT GUY 5,715]

You wanna bet. I know a lot of business owners that are holding on to cash reserves until the election is decided and a very business unfriendly administration is hopefully voted out .

[JohnR! 5,495]

You wanna bet. I know a lot of business owners that are holding on to cash reserves until the election is decided and a very business unfriendly administration is hopefully voted out .

That is great for the rest of us for we can pick all those opportunities these business owners are missing. Heck, one man's unawareness is another's windfall... Karchin Karchin...