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I believe that she is by far the best candidate too, but had you run Dave, we would have supported you? (LOL)
I also want to thank her very much for pledging to help us drop most of that ocean fouling , designed by Cavemen, Breakwater ! She knows the wisdom of returning our waves and has also pledged to help acquire and restore our Wetlands .
I hope that the voters remember this too.
Regardless, who do you favor for the position, besides Wielinga of course ? There's an idea, write in Dave !!
Truth is, these questions are feeling kind of moot because she has it all sewn up in all likelihood ? Doesn't she ?
And of course, she made mistakes, and so have we? Pretty simple.. For sure, she was playing in very unfamiliar territory for some time. I guess she could have a repayment schedule and balance sheet to hand out, estimating her assets and liabilities, cashflow, etc. , but in today's market, a lot of us are awash in uncertainty, and that may be a component of our answer here. Maybe her campaign can rough something out for general release ? Some of this does feel like a gaff, most certainly.
I recall her saying in print that she was trying to rescue several parcels , but with banks closing, and loan money scarce for all put the most creditworthy, I'd bet that she is also not quite sure how it will all play out.
Point of fact, if she fails to get elected, she will probably have to let a lot more go. In the end, it is all on her credit rating too ? And we won't forget it ?.
She was probably leveraged 3 to 1. Lehman Brothers, who burned us for 25 Million, was leveraged 40 to 1 , and as the market slid, a lot of people got hurt ?
In fairness, she was not the only person 'Caught up in the rapture' of rising market optimism either, but ya, she made her mistakes, and had not ever let it happen again.
I get the sense that the town kind of has her 'on probation' anyway.
Maybe next time we can get you to run, you seem like a good man .....
That pretty much sums it all up. We don't need to hear what she has to say.
Just to round out the analysis and for the sake of debate: , Legally, you can't stiff the tax man, he get's priority over all other creditors, and a priority lien against title, plus Interest, and Penalties. I have always had a hard time feeling too sorry for the Taxman, because he can be brutal. I have never messed with him and I doubt she knew the consequences , I bet she has now learned this too. So if he hasn't been paid, he will, sure as death.
And when the mortgage holders foreclose, they sell for a discount, you know, 85 cents on a dollar or whatever. They did take a busness risk which includes risk of loss, foreclosure, damage and diminished value. They get to write this off . I would bet that some of these failed lenders had a part in this too. Some of these guys were multiplying your income by 7 to sell you as much paper as you wanted !!
'Liar' loans have mutual culpability, to me, and we have all watched Fannie Mae, Freddie Mac, Indy Mac, CountryWide, Washington Mutual, Lehman, Bear Stearns and on and on and on, plus thousands of Brokers and Realtors, go belly up. Sad. Tragic. But I bet Ms Richardson's story includes Experts saying 'Go Go Go'....this market just keeps going up...the future looks bright....and all the rest.
If any small business gets stiffed, I always encourage folks to file in Small Claims. I noticed that Ms Richardson's Bodyman got payed by merely talking about using his remedies. If they file, but do not get paid, they too , get a deduction.
I think she may have also hung on until the last minute, hoping for more appreciation, betting on it, and then it all started to fall apart. Dick Fuld lost Lehman that way we are told.
I kind of feel sorry for her because if she lost the election, I bet that she would soon lose all of her homes and be in an apartment after having worked pretty hard for us. .
I guess that it has always bugged me that so many politicians , who don't come into the game financially set, work pretty hard and end up burned out, frustrated, and spent in an apartment or modest home , with little dough , limited marketable skills, and a tiny pension.
I also think that the obscenely high cost to run has to be reigned in, and played a part with Ms R.
For example, I think our Mayor supposedly had to raise over a Million to run? Commercial after Commercial, mailing piece after piece, was it almost 20 if I recall ? and his opponent way over 600,000 ?
That is a factor I believe, and another big problem too. .
I knew her Dad, who knew my Dad. Both were minorities who had fought hard to get any leg up in this town for decades. Her fathers challenge was far bigger than my Dad's. Their generation lived to see their kids do better than they did, or open doors, to rise, rise some more, and then rise again.
And I am going to tell you, straight up, I believe that her claim to be trying to do things to make her deceased Dad proud sounds praiseworhy and laudable. I run my life the same way. I lost my Pa 12 years ago and I talk to him almost every day, in some little way.
I also do a ton of charitable work and quite often, the thought that my Dad or recently lost Ma would be proud of me, get's me through it. She has strong faith I think, and could be being honest ?
But for sure man, we are all different. The DW could probably get some of these answers out of her campaign I suppose ? If I see her, I'll ask her and report back.
I say the electorate vote against her unless she can answer the tough questions BEFORE THE ELECTION. Just because she's got something in common with some voters doesn't excuse what appears to be bad financial decision making. It's okay to hold the people who represent us to higher standards than we ourselves are able to achieve.
I'd write in Dave in a heartbeat. GO DAVE W!
And before anyone hurls racist epithets at me, I plan on voting for Obama because after pragmatically weighing the pros and cons of each candidate, I've decided he is the best candidate for president.
And don't anyone bother trying to engage me in a political debate over the presidential election because I'm really not interested.
You were elected because your African-American and a Democrat. That's what gerrymandering is all about.
No one outside herself compelled her to run for the various elected offices that she has. In making the conscious decision to office-climb as she did, she also made the conscious decision to overextend herself financially to do so.
This political hyper-drive of hers and the manner in which she chose to finance it has resulted in the poor decisions she has made in this area and the negative press and commentaries that have necessarily resulted.
Make no mistake, to date, Laura Richardson has not proved to be a very effective Congressional legislator. According to www.govtrack.us, Richardson has sponsored only 5 bills (not including various resolutions) in her nearly 2 years in Congress: 1 of which failed to be enacted and 4 of which never made it out of committee. While her voting attendance has significantly improved lately, in the 2nd quarter of this year she missed over 17% of the votes, a record worse than the worst 10% of the entire Congress.
If you want to project how Richardson will vote, look at her primary contributors. According to www.opensecrets.org, the top 5 industries contributing to Richardson were all labor unions.
As a moderate Democrat, Ms. Richardson has proved herself to be the quintessential career politician and, just as many of her colleagues on both sides of the aisle have also become, she will likely remain well entrenched deep within the D.C. beltway for most of the rest of her life.
Sadly.