[SDEngineer]

My bad, you’re correct, I was under the mistaken impression he was a Southern Baptist. But, as you pointed out, the Word of Faith nondenoms are pretty extreme. It’s instructive to read the titles of some of his books (note, this is a deliberate list only of the more tinfoil hat books he’s written – he has some typical preacher touchy-feely books in there as well):

“The Invasion of Demons” (1973)
“Like a cleansing fire” (1974)
“The Beginning of the End” (1996) – at this point, Hagee began churning out End-Times prediction books at the rate of more than one per year.
“Day of Deception” (1997)
“Final Dawn Over Jerusalem” (1998)
“From Daniel to Doomsday: The Countdown has Begun” (1999)
“God’s Two-Minute Warning” (in 2000, of course)
“Attack On America New York, Jerusalem, and The Role of Terrorism in the Last Days” (2001) – after this book, looks like he decided God was going to wait a little longer to start Armageddon, though he clearly still believes it’s “soon”.
“Jerusalem Countdown” (2005)

[SDEngineer]

Hard to predict. It seems likely to me that CV will probably continue a slow downward slide over the next year or so. The prices in that area seem to be primarily affected by the price declines in neighboring areas, not yet from problems within the area itself. I doubt many subprime loans were made in that area, so it doesn’t have the mass foreclosures driving down prices that areas like Mira Mesa have.

I’d worry though, about the fallout from the alt-A stated income, interest only, and negative amortization loans, which won’t really hit the fan until late 2009/2010 timeframe (from the charts I’ve seen). CV I believe had a VERY large proportion of mortgages using those types of toxic loans in recent years.

There’s still a lot of bubble to bleed out in the higher end areas from all the charts I’ve seen here, and because they are the most desireable areas, I think they’re also the most likely to bottom late.

[SDEngineer]

Hard to predict. It seems likely to me that CV will probably continue a slow downward slide over the next year or so. The prices in that area seem to be primarily affected by the price declines in neighboring areas, not yet from problems within the area itself. I doubt many subprime loans were made in that area, so it doesn’t have the mass foreclosures driving down prices that areas like Mira Mesa have.

I’d worry though, about the fallout from the alt-A stated income, interest only, and negative amortization loans, which won’t really hit the fan until late 2009/2010 timeframe (from the charts I’ve seen). CV I believe had a VERY large proportion of mortgages using those types of toxic loans in recent years.

There’s still a lot of bubble to bleed out in the higher end areas from all the charts I’ve seen here, and because they are the most desireable areas, I think they’re also the most likely to bottom late.

[SDEngineer]

Hard to predict. It seems likely to me that CV will probably continue a slow downward slide over the next year or so. The prices in that area seem to be primarily affected by the price declines in neighboring areas, not yet from problems within the area itself. I doubt many subprime loans were made in that area, so it doesn’t have the mass foreclosures driving down prices that areas like Mira Mesa have.

I’d worry though, about the fallout from the alt-A stated income, interest only, and negative amortization loans, which won’t really hit the fan until late 2009/2010 timeframe (from the charts I’ve seen). CV I believe had a VERY large proportion of mortgages using those types of toxic loans in recent years.

There’s still a lot of bubble to bleed out in the higher end areas from all the charts I’ve seen here, and because they are the most desireable areas, I think they’re also the most likely to bottom late.

[SDEngineer]

Hard to predict. It seems likely to me that CV will probably continue a slow downward slide over the next year or so. The prices in that area seem to be primarily affected by the price declines in neighboring areas, not yet from problems within the area itself. I doubt many subprime loans were made in that area, so it doesn’t have the mass foreclosures driving down prices that areas like Mira Mesa have.

I’d worry though, about the fallout from the alt-A stated income, interest only, and negative amortization loans, which won’t really hit the fan until late 2009/2010 timeframe (from the charts I’ve seen). CV I believe had a VERY large proportion of mortgages using those types of toxic loans in recent years.

There’s still a lot of bubble to bleed out in the higher end areas from all the charts I’ve seen here, and because they are the most desireable areas, I think they’re also the most likely to bottom late.

[SDEngineer]

Hard to predict. It seems likely to me that CV will probably continue a slow downward slide over the next year or so. The prices in that area seem to be primarily affected by the price declines in neighboring areas, not yet from problems within the area itself. I doubt many subprime loans were made in that area, so it doesn’t have the mass foreclosures driving down prices that areas like Mira Mesa have.

I’d worry though, about the fallout from the alt-A stated income, interest only, and negative amortization loans, which won’t really hit the fan until late 2009/2010 timeframe (from the charts I’ve seen). CV I believe had a VERY large proportion of mortgages using those types of toxic loans in recent years.

There’s still a lot of bubble to bleed out in the higher end areas from all the charts I’ve seen here, and because they are the most desireable areas, I think they’re also the most likely to bottom late.

[SDEngineer]

sd_matt:

On John Hagee – the homosexual quote is just the tip of the iceberg – he’s the classic uber-Southern Baptist and has been full of misogynist and anti-Catholic quotes (probably anti-Mormon and other fringe Christian groups as well).

Here’s his description of Catholicism (and note, it’s NOT an off the cuff remark – it was printed in one of his books!)

“A Godless theology of hate that no one dared try to stop for a thousand years produced a harvest of hate.” (1987, “Should Christians Support Israel?”) In the past, he also referred to it as “The Great Whore” (something not unique to him – a lot of the more extreme pastors in the Southern Baptist church and other fundamentalist Christian sects consider it to be such).

He has recently attempted to a certain degree to recant his anti-Catholism, but frankly, coming on the heels of his endorsement of John McCain, it strikes me as very likely to be nothing but political damage control, about as believable as if Wright did the same thing.

He’s also been guilty of blaming the Jewish people themselves for the holocaust and other issues (sounds contradictory to his stance on Israel, but if you’re familiar with fundamentalist end-times stuff, it’s not – the right wing in many cases doesn’t appear to care one bit about the Jewish people – but they’re needed to be there in Israel for the end-times prophecies to be fulfilled).

“It was the disobedience and rebellion of the Jews, God’s chosen people, to their covenantal responsibility to serve only the one true God, Jehovah, that gave rise to the opposition and persecution that they experienced beginning in Canaan and continuing to this very day… Their own rebellion had birthed the seed of antisemitism that would arise and bring destruction to them for centuries to come…. it rises from the judgment of God upon his rebellious chosen people” )(2006, “Jerusalem Countdown”)

There are others, but he’s quite clearly just as nuts as Wright is, just with a different theological bent. Hagee is an “end-timer”, and frankly, that’s a nuttier theological bent in my opinion than anything Wright believes in (though I know theres a fairly large chunk of US Christians who believe it as well).

[SDEngineer]

sd_matt:

On John Hagee – the homosexual quote is just the tip of the iceberg – he’s the classic uber-Southern Baptist and has been full of misogynist and anti-Catholic quotes (probably anti-Mormon and other fringe Christian groups as well).

Here’s his description of Catholicism (and note, it’s NOT an off the cuff remark – it was printed in one of his books!)

“A Godless theology of hate that no one dared try to stop for a thousand years produced a harvest of hate.” (1987, “Should Christians Support Israel?”) In the past, he also referred to it as “The Great Whore” (something not unique to him – a lot of the more extreme pastors in the Southern Baptist church and other fundamentalist Christian sects consider it to be such).

He has recently attempted to a certain degree to recant his anti-Catholism, but frankly, coming on the heels of his endorsement of John McCain, it strikes me as very likely to be nothing but political damage control, about as believable as if Wright did the same thing.

He’s also been guilty of blaming the Jewish people themselves for the holocaust and other issues (sounds contradictory to his stance on Israel, but if you’re familiar with fundamentalist end-times stuff, it’s not – the right wing in many cases doesn’t appear to care one bit about the Jewish people – but they’re needed to be there in Israel for the end-times prophecies to be fulfilled).

“It was the disobedience and rebellion of the Jews, God’s chosen people, to their covenantal responsibility to serve only the one true God, Jehovah, that gave rise to the opposition and persecution that they experienced beginning in Canaan and continuing to this very day… Their own rebellion had birthed the seed of antisemitism that would arise and bring destruction to them for centuries to come…. it rises from the judgment of God upon his rebellious chosen people” )(2006, “Jerusalem Countdown”)

There are others, but he’s quite clearly just as nuts as Wright is, just with a different theological bent. Hagee is an “end-timer”, and frankly, that’s a nuttier theological bent in my opinion than anything Wright believes in (though I know theres a fairly large chunk of US Christians who believe it as well).

[SDEngineer]

sd_matt:

On John Hagee – the homosexual quote is just the tip of the iceberg – he’s the classic uber-Southern Baptist and has been full of misogynist and anti-Catholic quotes (probably anti-Mormon and other fringe Christian groups as well).

Here’s his description of Catholicism (and note, it’s NOT an off the cuff remark – it was printed in one of his books!)

“A Godless theology of hate that no one dared try to stop for a thousand years produced a harvest of hate.” (1987, “Should Christians Support Israel?”) In the past, he also referred to it as “The Great Whore” (something not unique to him – a lot of the more extreme pastors in the Southern Baptist church and other fundamentalist Christian sects consider it to be such).

He has recently attempted to a certain degree to recant his anti-Catholism, but frankly, coming on the heels of his endorsement of John McCain, it strikes me as very likely to be nothing but political damage control, about as believable as if Wright did the same thing.

He’s also been guilty of blaming the Jewish people themselves for the holocaust and other issues (sounds contradictory to his stance on Israel, but if you’re familiar with fundamentalist end-times stuff, it’s not – the right wing in many cases doesn’t appear to care one bit about the Jewish people – but they’re needed to be there in Israel for the end-times prophecies to be fulfilled).

“It was the disobedience and rebellion of the Jews, God’s chosen people, to their covenantal responsibility to serve only the one true God, Jehovah, that gave rise to the opposition and persecution that they experienced beginning in Canaan and continuing to this very day… Their own rebellion had birthed the seed of antisemitism that would arise and bring destruction to them for centuries to come…. it rises from the judgment of God upon his rebellious chosen people” )(2006, “Jerusalem Countdown”)

There are others, but he’s quite clearly just as nuts as Wright is, just with a different theological bent. Hagee is an “end-timer”, and frankly, that’s a nuttier theological bent in my opinion than anything Wright believes in (though I know theres a fairly large chunk of US Christians who believe it as well).

[SDEngineer]

sd_matt:

On John Hagee – the homosexual quote is just the tip of the iceberg – he’s the classic uber-Southern Baptist and has been full of misogynist and anti-Catholic quotes (probably anti-Mormon and other fringe Christian groups as well).

Here’s his description of Catholicism (and note, it’s NOT an off the cuff remark – it was printed in one of his books!)

“A Godless theology of hate that no one dared try to stop for a thousand years produced a harvest of hate.” (1987, “Should Christians Support Israel?”) In the past, he also referred to it as “The Great Whore” (something not unique to him – a lot of the more extreme pastors in the Southern Baptist church and other fundamentalist Christian sects consider it to be such).

He has recently attempted to a certain degree to recant his anti-Catholism, but frankly, coming on the heels of his endorsement of John McCain, it strikes me as very likely to be nothing but political damage control, about as believable as if Wright did the same thing.

He’s also been guilty of blaming the Jewish people themselves for the holocaust and other issues (sounds contradictory to his stance on Israel, but if you’re familiar with fundamentalist end-times stuff, it’s not – the right wing in many cases doesn’t appear to care one bit about the Jewish people – but they’re needed to be there in Israel for the end-times prophecies to be fulfilled).

“It was the disobedience and rebellion of the Jews, God’s chosen people, to their covenantal responsibility to serve only the one true God, Jehovah, that gave rise to the opposition and persecution that they experienced beginning in Canaan and continuing to this very day… Their own rebellion had birthed the seed of antisemitism that would arise and bring destruction to them for centuries to come…. it rises from the judgment of God upon his rebellious chosen people” )(2006, “Jerusalem Countdown”)

There are others, but he’s quite clearly just as nuts as Wright is, just with a different theological bent. Hagee is an “end-timer”, and frankly, that’s a nuttier theological bent in my opinion than anything Wright believes in (though I know theres a fairly large chunk of US Christians who believe it as well).

[SDEngineer]

sd_matt:

On John Hagee – the homosexual quote is just the tip of the iceberg – he’s the classic uber-Southern Baptist and has been full of misogynist and anti-Catholic quotes (probably anti-Mormon and other fringe Christian groups as well).

Here’s his description of Catholicism (and note, it’s NOT an off the cuff remark – it was printed in one of his books!)

“A Godless theology of hate that no one dared try to stop for a thousand years produced a harvest of hate.” (1987, “Should Christians Support Israel?”) In the past, he also referred to it as “The Great Whore” (something not unique to him – a lot of the more extreme pastors in the Southern Baptist church and other fundamentalist Christian sects consider it to be such).

He has recently attempted to a certain degree to recant his anti-Catholism, but frankly, coming on the heels of his endorsement of John McCain, it strikes me as very likely to be nothing but political damage control, about as believable as if Wright did the same thing.

He’s also been guilty of blaming the Jewish people themselves for the holocaust and other issues (sounds contradictory to his stance on Israel, but if you’re familiar with fundamentalist end-times stuff, it’s not – the right wing in many cases doesn’t appear to care one bit about the Jewish people – but they’re needed to be there in Israel for the end-times prophecies to be fulfilled).

“It was the disobedience and rebellion of the Jews, God’s chosen people, to their covenantal responsibility to serve only the one true God, Jehovah, that gave rise to the opposition and persecution that they experienced beginning in Canaan and continuing to this very day… Their own rebellion had birthed the seed of antisemitism that would arise and bring destruction to them for centuries to come…. it rises from the judgment of God upon his rebellious chosen people” )(2006, “Jerusalem Countdown”)

There are others, but he’s quite clearly just as nuts as Wright is, just with a different theological bent. Hagee is an “end-timer”, and frankly, that’s a nuttier theological bent in my opinion than anything Wright believes in (though I know theres a fairly large chunk of US Christians who believe it as well).

[SDEngineer]

Asianautica:

Bail outs do seem likely – and one of the things I think shouldn’t be done – but those would likely happen regardless of who wins – there’s too much political pressure being brought to bear. The only question would be WHO would be bailed out. If it’s the Democrats, it’ll be the homeowners who get bailed out. If it’s the Republicans, it’ll be the banks and the financial houses that sold MBS’s. Between those two, I’d rather bail out the homeowners.

Higher taxes all around seems very unlikely though. Obama has pledged to cut middle class taxes (though he has also promised to revoke George Bush’s tax cuts on the highest earners). Under Obama, I think those of us making 125K or more will probably see a slight tax increase, those making 200K+ will probably see a significant tax increase, and anyone here making less than 75K will probably get a tax cut. He has also said he is likely to increase the capital gains tax on a sliding scale up to 28% for the highest amount of gains.

Bear in mind though that the MOST likely thing that will happen is the restoration of the 38% tax bracket for those making 200K single/350K married, and the 33% bracket returning to the 35% level – as those he can have done without needing new legislation (by simply letting the Bush tax cuts for those brackets lapse). If the Democrats don’t have a filibuster proof majority (which seems likely) the GOP will likely filibuster any additional taxes.

Unfortunately, we do need to increase taxes somehow because we do have to dig ourselves out of the hole that we’ve been dug into – and given how badly the middle class has gotten squeezed during the Bush Presidency, it’s neither prudent nor likely that they will get hit with it.

[SDEngineer]

Asianautica:

Bail outs do seem likely – and one of the things I think shouldn’t be done – but those would likely happen regardless of who wins – there’s too much political pressure being brought to bear. The only question would be WHO would be bailed out. If it’s the Democrats, it’ll be the homeowners who get bailed out. If it’s the Republicans, it’ll be the banks and the financial houses that sold MBS’s. Between those two, I’d rather bail out the homeowners.

Higher taxes all around seems very unlikely though. Obama has pledged to cut middle class taxes (though he has also promised to revoke George Bush’s tax cuts on the highest earners). Under Obama, I think those of us making 125K or more will probably see a slight tax increase, those making 200K+ will probably see a significant tax increase, and anyone here making less than 75K will probably get a tax cut. He has also said he is likely to increase the capital gains tax on a sliding scale up to 28% for the highest amount of gains.

Bear in mind though that the MOST likely thing that will happen is the restoration of the 38% tax bracket for those making 200K single/350K married, and the 33% bracket returning to the 35% level – as those he can have done without needing new legislation (by simply letting the Bush tax cuts for those brackets lapse). If the Democrats don’t have a filibuster proof majority (which seems likely) the GOP will likely filibuster any additional taxes.

Unfortunately, we do need to increase taxes somehow because we do have to dig ourselves out of the hole that we’ve been dug into – and given how badly the middle class has gotten squeezed during the Bush Presidency, it’s neither prudent nor likely that they will get hit with it.

[SDEngineer]

Asianautica:

Bail outs do seem likely – and one of the things I think shouldn’t be done – but those would likely happen regardless of who wins – there’s too much political pressure being brought to bear. The only question would be WHO would be bailed out. If it’s the Democrats, it’ll be the homeowners who get bailed out. If it’s the Republicans, it’ll be the banks and the financial houses that sold MBS’s. Between those two, I’d rather bail out the homeowners.

Higher taxes all around seems very unlikely though. Obama has pledged to cut middle class taxes (though he has also promised to revoke George Bush’s tax cuts on the highest earners). Under Obama, I think those of us making 125K or more will probably see a slight tax increase, those making 200K+ will probably see a significant tax increase, and anyone here making less than 75K will probably get a tax cut. He has also said he is likely to increase the capital gains tax on a sliding scale up to 28% for the highest amount of gains.

Bear in mind though that the MOST likely thing that will happen is the restoration of the 38% tax bracket for those making 200K single/350K married, and the 33% bracket returning to the 35% level – as those he can have done without needing new legislation (by simply letting the Bush tax cuts for those brackets lapse). If the Democrats don’t have a filibuster proof majority (which seems likely) the GOP will likely filibuster any additional taxes.

Unfortunately, we do need to increase taxes somehow because we do have to dig ourselves out of the hole that we’ve been dug into – and given how badly the middle class has gotten squeezed during the Bush Presidency, it’s neither prudent nor likely that they will get hit with it.

[SDEngineer]

Asianautica:

Bail outs do seem likely – and one of the things I think shouldn’t be done – but those would likely happen regardless of who wins – there’s too much political pressure being brought to bear. The only question would be WHO would be bailed out. If it’s the Democrats, it’ll be the homeowners who get bailed out. If it’s the Republicans, it’ll be the banks and the financial houses that sold MBS’s. Between those two, I’d rather bail out the homeowners.

Higher taxes all around seems very unlikely though. Obama has pledged to cut middle class taxes (though he has also promised to revoke George Bush’s tax cuts on the highest earners). Under Obama, I think those of us making 125K or more will probably see a slight tax increase, those making 200K+ will probably see a significant tax increase, and anyone here making less than 75K will probably get a tax cut. He has also said he is likely to increase the capital gains tax on a sliding scale up to 28% for the highest amount of gains.

Bear in mind though that the MOST likely thing that will happen is the restoration of the 38% tax bracket for those making 200K single/350K married, and the 33% bracket returning to the 35% level – as those he can have done without needing new legislation (by simply letting the Bush tax cuts for those brackets lapse). If the Democrats don’t have a filibuster proof majority (which seems likely) the GOP will likely filibuster any additional taxes.

Unfortunately, we do need to increase taxes somehow because we do have to dig ourselves out of the hole that we’ve been dug into – and given how badly the middle class has gotten squeezed during the Bush Presidency, it’s neither prudent nor likely that they will get hit with it.

[Author]

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