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Nah, I've seen you rightards post that idiocy 100 times. What I wanna see is where Republicans, who had control over all legislative functions of our government, did something to prevent the complete fucking meltdown their own policies created.......Faun; do you want the "Fannie Mae is fine" Barney Frank story, or the video?
what a joke you are
Historical facts like ...angry sputtering and stammering, along with history revisionism cant hide the holes in your arguments, or change historical facts
Historical facts like ...angry sputtering and stammering, along with history revisionism cant hide the holes in your arguments, or change historical facts
"Thanks to our policies, home ownership in America is at an all-time high." - Hurricane Bush, to a crowd of Republicans.
It's sad to see there are still people stupid enough to cling to the long debunked idiocy that the CRA caused the meltdown.Obama orders same policy that sparked mortgage meltdown
WND - A Free Press for a Free People/2013/04/obama-orders-same-poli
Apr 10, 2013 · ... for billions in bad loans, the Obama administration now ... “Banks are always happy to make safe loans, ... mortgage loans were relaxed ...
You just can't stop being stupid, can ya? Put up or shut up time. Here's where you either quote me saying the nonsense you attribute to me OR you expose yourself as the brain-dead yutz I know you to be........Nah, I've seen you rightards post that idiocy 100 times. What I wanna see is where Republicans, who had control over all legislative functions of our government, did something to prevent the complete fucking meltdown their own policies created.......Faun; do you want the "Fannie Mae is fine" Barney Frank story, or the video?
what a joke you are
you know what's funny about this gem leftard?
you're the same clown that says Democrats never had a majority even when they held both chambers of congress and the white house with BIGGER MAJORITIES than Bush ever had, because they weren't absolute majorities, as in veto-proof or filibuster-proof, bush never had that either
ur just a clown
Your words have zero credibility. And so far, that's all you've posted -- your own words repeating your own unsubstantiated claims. Here's a clue for ya -- your claims don't magically become reality just because you keep repeating them.Historical facts like ...angry sputtering and stammering, along with history revisionism cant hide the holes in your arguments, or change historical facts
"Thanks to our policies, home ownership in America is at an all-time high." - Hurricane Bush, to a crowd of Republicans.
yes loon; and like have said repeatedly those policies were supported by your own party
one of us cant be honest, idiot, and it isn't me
I'm curious, Faun...on the chart you keep referring to...you do realized that it's based on "projections" for that last total back in 2013? Do you have a chart with the actual numbers for 2013 & 2014 because it appears to me that you've provided us with a group projecting an upturn for wealth in that segment of the population.It really isn't my fault you are too dumb to read a chart.NOTHING YOU SAY adds up. yet you keep getting angrier and more unhinged, posting charts and stuff. Progressives that are honest, and even your messiah obama himself, has admitted 95% of the income gains on his watch went to that "ONE PERCENT" you idiots love to spew hate on and about
can anybody help a left-wing nutjob face reality????
i doubt it.
under obama the richest got richer, the poorest got poorer, even obama admits it.
it's sad you think beinga smug, hate-filled left-wing hypocrite will make your intellectual dishonesty appproach the truth
Wonderful. Now what is your Repub majority doing to relieve that situation?
Your words have zero credibility. And so far, that's all you've posted -- your own words repeating your own unsubstantiated claims. Here's a clue for ya -- your claims don't magically become reality just because you keep repeating them.Historical facts like ...angry sputtering and stammering, along with history revisionism cant hide the holes in your arguments, or change historical facts
"Thanks to our policies, home ownership in America is at an all-time high." - Hurricane Bush, to a crowd of Republicans.
yes loon; and like have said repeatedly those policies were supported by your own party
one of us cant be honest, idiot, and it isn't me
With all due respect, Faun...George W. Bush went to Congress well before the Housing bubble burst with a warning that the way we were conducting business was setting ourselves up for financial collapse and Barney Frank was one of the Democrats who mocked Bush's appraisal of the situation saying essentially that there was nothing to worry about.I can't believe there are still idiots blaming Barney Frank for the real estate bubble collapse. He was one member of the minority party and you think he brought the whole system down. Republicans controlled the house. Republicans controlled the Senate. Republicans controlled the executive branch. Republicans get the blame, not a member of the minority party. I can't believe you're still in blaine barney frank for the real estate bubble collapse. I'm not saying Barney Frank was right. He wasn't. But he was just one member of the minor party and you think he brought a whole system down.Anyone with a brain, which excludes you, knows I'm talking about the Great Recession Bush handed Obama. And while Bush alone was not the cause, he had help from his Republican Congress, the hurricane is named after him since he was leading the country.And here is why you remain a fucking retard .... "Obama? With NO Major events like hurricanes,9/11,dot.com/etc.... GDP growth:17.87%!"MY whole point about hurricane stuff was to point out that IN SPITE of those gigantic life changing events, hurricanes, 9/11/dot.com bust,
recessions the economy GREW at a faster rate then today under Obama who has had NONE of those events!
IN spite of those economic,life loss events..
So how did those 4 gigantic events affect the Gross Domestic Product from 2000 to 2009?
Largest Gross Domestic Product in history!!
When Bush took office in 2001 GDP was $10,622,000,000,000
when Bush left office in 2008 GDP was $14,719,000,000,000
A 41.7% increase in GDP or $4.4 TRILLION.
Obama? With NO Major events like hurricanes,9/11,dot.com/etc.... GDP growth:17.87%!
Bush GDP increased 41.7% while all those events occurred .... Obama with NO events.... 17.87%!
View attachment 47022
Obama had to deal with Hurricane Bush, whose wake of destruction crated the economy, cost us tens of trillions of dollars, some 12 million jobs, more than all of the disasters combined.
Even worse for you, you're idiotically posting nominal figures and you're comparing 96 months under Bush againsst 78 months under Obama. In real numbers, GDP under Bush grew 1.9%; 1.8% under Obama.
And even with you posting nominal figures, your math is wrong. Nominally, GDP increased 38.9% under Bush and 22.6% under Obama. Who knows how you came up with 41.7% and 17.9%?
http://www.bea.gov/national/xls/gdplev.xls
you continue to embarrass yourself. when you say "hurricane bush" you ought to be adult enough, at a very minimum; be able to show folks what of the so-called destructive policies of Bush that your own jackass party actually opposed, instead of VOTING FOR REPEATEDLY, and continuing the vast majority of them long after Bush was gone
Still waiting for an answer .... how many times did you vote for Bush?
I VOTED TWICE for Bush.
AGAIN NONE of you seem to recognize that 4 major events occurred that have never occurred during any other president's terms.
More importantly this crap about housing bubble???
AGAIN FACTS FACTS FACTS!!!
Obama...
1) 1995 ACORN/with Obama sued CitiBank forcing them to make loans to people THAT would default on their properties!
1995 ACORN/with Obama as one of the attorneys sued CitiBank forcing them to make loans to people THAT would default on their properties!
Citibank settled out of court but this laid the premise for banks to make sub-prime loans.
So now the banks had a problem.
Forced to make sub-prime loans to people that they were pretty sure not going to pay off the loans they had to do something because the FDIC auditors said all those loans were affecting the banks financial status.
On one hand courts ordering bad loans and other hand loans were violating FDIC rules!
2) Banks were forced by FDIC to SELL these TOXIC loans to Fannie/Freddie.. and because in their own words
Oct. 23,2008 (Bloomberg) --
Fannie Mae and Freddie Mac have an ``effective'' federal guarantee, not the
"full faith and credit'' of the U.S. government, Federal Housing Finance Agency Director James Lockhart said after the hearing. That does give them effectively a guarantee of the U.S. government.''
Lockhart s Fannie Freddie Guarantee Remarks Stir Up Confusion - Bloomberg
GWB's administration was LAUGHED AT BY Democrats Frank and Dodd after 17 times trying to get Fannie/Freddie fixed!
"Over the past six years, the President and his Administration have not only warned of the systemic consequences of failure to reform GSEs but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties.
President Bush publicly called for GSE reform at least 17 times in 2008 alone before Congress acted.
Unfortunately, these warnings went unheeded, as the President's repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems.
Setting the Record Straight The Three Most Egregious Claims In The New York Times Article On The Housing Crisis
Many prominent Democrats, including House Finance Chairman Barney Frank, opposed any legislation correcting the risks posed by GSEs.
* House Financial Services Committee Chairman Barney Frank (D-MA) criticized
the President's warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis .
The more people exaggerate these problems,
the more pressure there is on these companies, the less we will see in terms of affordable housing."...
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae," New York Times, 9/11/03)
* Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd also ignored the President's warnings and
called on him to "immediately reconsider his ill-advised" position. Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze
Is Rejected, As Critics Complain Of Opportunism," New York Times, 8/11/07)
Barney Frank s Fannie and Freddie Muddle - US News
3) AND YOU HAVE NO idea of what happened on 9/18/2008...
The near economic collapse on Thursday (Sept 18,2008), at 11am the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury opened up its window to help and pumped a $105 billion in the system and quickly realized that they could not stem the tide. We were having an electronic run on the banks. They decided to close the operation, close down the money accounts and announce a guarantee of $250,000 per account so there wouldn’t be further panic out there. If they had not done that, their estimation is that by 2pm that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed.
It would have been the end of our economic system and our political system as we know it.
Zero Hedge How The World Almost Came To An End At 2PM On September 18
Now as far as TARP...
Of the $245 billion invested in U.S. banks, over $169 billion has been paid back, including $13.7 billion in dividends, interest and other income, along with $4 billion in warrant proceeds as of April 2010[update]. AIG is considered "on track" to pay back $51 billion from divestitures of two units and another $32 billion in securities.[4]
Now.. WHAT HAPPENED to TARP the program that Bush has been blamed for?
Bailout Scorecard Eye on the Bailout ProPublica
$615 billion went out
$672 Billion came in...
ALL PAID BACK...
PLUS A PROFIT of: $57.7 billion...
With all due respect, Faun...George W. Bush went to Congress well before the Housing bubble burst with a warning that the way we were conducting business was setting ourselves up for financial collapse and Barney Frank was one of the Democrats who mocked Bush's appraisal of the situation saying essentially that there was nothing to worry about.I can't believe there are still idiots blaming Barney Frank for the real estate bubble collapse. He was one member of the minority party and you think he brought the whole system down. Republicans controlled the house. Republicans controlled the Senate. Republicans controlled the executive branch. Republicans get the blame, not a member of the minority party. I can't believe you're still in blaine barney frank for the real estate bubble collapse. I'm not saying Barney Frank was right. He wasn't. But he was just one member of the minor party and you think he brought a whole system down.Anyone with a brain, which excludes you, knows I'm talking about the Great Recession Bush handed Obama. And while Bush alone was not the cause, he had help from his Republican Congress, the hurricane is named after him since he was leading the country.And here is why you remain a fucking retard .... "Obama? With NO Major events like hurricanes,9/11,dot.com/etc.... GDP growth:17.87%!"
Obama had to deal with Hurricane Bush, whose wake of destruction crated the economy, cost us tens of trillions of dollars, some 12 million jobs, more than all of the disasters combined.
Even worse for you, you're idiotically posting nominal figures and you're comparing 96 months under Bush againsst 78 months under Obama. In real numbers, GDP under Bush grew 1.9%; 1.8% under Obama.
And even with you posting nominal figures, your math is wrong. Nominally, GDP increased 38.9% under Bush and 22.6% under Obama. Who knows how you came up with 41.7% and 17.9%?
http://www.bea.gov/national/xls/gdplev.xls
you continue to embarrass yourself. when you say "hurricane bush" you ought to be adult enough, at a very minimum; be able to show folks what of the so-called destructive policies of Bush that your own jackass party actually opposed, instead of VOTING FOR REPEATEDLY, and continuing the vast majority of them long after Bush was gone
Still waiting for an answer .... how many times did you vote for Bush?
I VOTED TWICE for Bush.
AGAIN NONE of you seem to recognize that 4 major events occurred that have never occurred during any other president's terms.
More importantly this crap about housing bubble???
AGAIN FACTS FACTS FACTS!!!
Obama...
1) 1995 ACORN/with Obama sued CitiBank forcing them to make loans to people THAT would default on their properties!
1995 ACORN/with Obama as one of the attorneys sued CitiBank forcing them to make loans to people THAT would default on their properties!
Citibank settled out of court but this laid the premise for banks to make sub-prime loans.
So now the banks had a problem.
Forced to make sub-prime loans to people that they were pretty sure not going to pay off the loans they had to do something because the FDIC auditors said all those loans were affecting the banks financial status.
On one hand courts ordering bad loans and other hand loans were violating FDIC rules!
2) Banks were forced by FDIC to SELL these TOXIC loans to Fannie/Freddie.. and because in their own words
Oct. 23,2008 (Bloomberg) --
Fannie Mae and Freddie Mac have an ``effective'' federal guarantee, not the
"full faith and credit'' of the U.S. government, Federal Housing Finance Agency Director James Lockhart said after the hearing. That does give them effectively a guarantee of the U.S. government.''
Lockhart s Fannie Freddie Guarantee Remarks Stir Up Confusion - Bloomberg
GWB's administration was LAUGHED AT BY Democrats Frank and Dodd after 17 times trying to get Fannie/Freddie fixed!
"Over the past six years, the President and his Administration have not only warned of the systemic consequences of failure to reform GSEs but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties.
President Bush publicly called for GSE reform at least 17 times in 2008 alone before Congress acted.
Unfortunately, these warnings went unheeded, as the President's repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems.
Setting the Record Straight The Three Most Egregious Claims In The New York Times Article On The Housing Crisis
Many prominent Democrats, including House Finance Chairman Barney Frank, opposed any legislation correcting the risks posed by GSEs.
* House Financial Services Committee Chairman Barney Frank (D-MA) criticized
the President's warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis .
The more people exaggerate these problems,
the more pressure there is on these companies, the less we will see in terms of affordable housing."...
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae," New York Times, 9/11/03)
* Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd also ignored the President's warnings and
called on him to "immediately reconsider his ill-advised" position. Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze
Is Rejected, As Critics Complain Of Opportunism," New York Times, 8/11/07)
Barney Frank s Fannie and Freddie Muddle - US News
3) AND YOU HAVE NO idea of what happened on 9/18/2008...
The near economic collapse on Thursday (Sept 18,2008), at 11am the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury opened up its window to help and pumped a $105 billion in the system and quickly realized that they could not stem the tide. We were having an electronic run on the banks. They decided to close the operation, close down the money accounts and announce a guarantee of $250,000 per account so there wouldn’t be further panic out there. If they had not done that, their estimation is that by 2pm that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed.
It would have been the end of our economic system and our political system as we know it.
Zero Hedge How The World Almost Came To An End At 2PM On September 18
Now as far as TARP...
Of the $245 billion invested in U.S. banks, over $169 billion has been paid back, including $13.7 billion in dividends, interest and other income, along with $4 billion in warrant proceeds as of April 2010[update]. AIG is considered "on track" to pay back $51 billion from divestitures of two units and another $32 billion in securities.[4]
Now.. WHAT HAPPENED to TARP the program that Bush has been blamed for?
Bailout Scorecard Eye on the Bailout ProPublica
$615 billion went out
$672 Billion came in...
ALL PAID BACK...
PLUS A PROFIT of: $57.7 billion...
Your words have zero credibility. And so far, that's all you've posted -- your own words repeating your own unsubstantiated claims. Here's a clue for ya -- your claims don't magically become reality just because you keep repeating them.Historical facts like ...angry sputtering and stammering, along with history revisionism cant hide the holes in your arguments, or change historical facts
"Thanks to our policies, home ownership in America is at an all-time high." - Hurricane Bush, to a crowd of Republicans.
yes loon; and like have said repeatedly those policies were supported by your own party
one of us cant be honest, idiot, and it isn't me
but you cant and wont say what exactly you're claiming that i've said that isnt true. how typical.
it's very easy, but you just want to cry like a baby instead of dealing in REAL facts. were the home ownership policies you lay solely at the feet of Bush something Democrats voted FOR, in fact started in earnest under Clinton? it's really a yes or no question;
if you are going to try to say it was Democrats that were against the admittedly bad idea of giving home mortgages to people who likely couldn't repay them, or more home than they could afford, then you need to back that up by showing what Democrats did to actually slow down or oppose that process. you cant, and you wont.
it matters because virtually everything you post here is a crybaby whine that Bush is at fault for everything, and as usual you poor ol "brilliant" Progressives were helpless in the face of the power of people you INSIST you're smarter than.
lol
It's sad to see there are still people stupid enough to cling to the long debunked idiocy that the CRA caused the meltdown.Obama orders same policy that sparked mortgage meltdown
WND - A Free Press for a Free People/2013/04/obama-orders-same-poli
Apr 10, 2013 · ... for billions in bad loans, the Obama administration now ... “Banks are always happy to make safe loans, ... mortgage loans were relaxed ...
Did the Community Reinvestment Act (CRA) contribute to foreclosures and the financial crisis? And, is the CRA being reformed?
The Federal Reserve Board has found no connection between CRA and the subprime mortgage problems. In fact, the Board's analysis (102 KB PDF) found that nearly 60 percent of higher-priced loans went to middle- or higher-income borrowers or neighborhoods, which are not the focus of CRA activity. Additionally, about 20 percent of the higher-priced loans that were extended in low- or moderate-income areas, or to low- or moderate-income borrowers, were loans originated by lenders not covered by the CRA. Our analysis found that only six percent of all higher-priced loans were made by CRA-covered lenders to borrowers and neighborhoods targeted by the CRA. Further, our review of loan performance found that rates of serious mortgage delinquency are high in all neighborhood groups, not just in lower-income areas.
The Obamacare is a disaster:Back in 2008 with the corrupt Boooshies and their bubble bust as usual...GOP voters are totally misinformed by megarich greedy lying Pubs and their bs media. Will they never learn?
The GOP s Job Killer Problem With Obamacare - ABC News
You hit on great points. To be fair they weren't all caused by Bozo.BAD ECONOMY:Back in 2008 with the corrupt Boooshies and their bubble bust as usual...GOP voters are totally misinformed by megarich greedy lying Pubs and their bs media. Will they never learn?
The GOP s Job Killer Problem With Obamacare - ABC News
(1) Less home ownership
(2) Jobs consist of low wage, part-time, and temporary employment
(3) Businesses are offering less company paid benefits
(4) The cost of living to real wage ratio
(5) Higher health care cost
(6) Higher rent, utilities, and food cost
(7) Student loan debt
(8) 50% of children living at or below the poverty line
(9) Approximately 47 million receiving food stamps
(10) An astronomical and rising national debt
(11) Savings accounts paying .25% interest
(12) Troubled pension funds
(13) Cities going bankrupt
(14) Malls closing
(15) Retail chains closing stores
(16) Consumer spending down
(17) Our rundown infrastructure
(18) Growing gap between the rich and the poor
(19) The decline of the Middle Class
(20) Millions receiving some form of government assistance
(21) College grads working at low wage jobs and living with parents
(22) The cost of higher education
(23) Our dependency on cheap foreign imports
(24) Businesses off-shore out-sourcing jobs and importing labor
(25) The influx of cheap illegal immigrant labor
(26) Lost home equity
(27) Government debt keeping the economy afloat
(28) Technology, automation, and innovation replacing workers
(29) Men, women, children, and families homeless
(30) Many working and still receiving some form of government assistance
Yep, we're doing great. Economically, we're booming, and things couldn't be better. We're experiencing economic growth and stability. America is working, and the wheels of commerce are turning full speed. We have an internal cash flow unmatched anywhere in the world. As a matter of fact, we're doing so great, that we're giving away multi-$Billions to foreign governments, engaging in senseless deadly costly wars, and providing care and support for millions of illegal immigrants. What more could we ask for?
You're 110% correct. It's been a work in progress for over 60 years now. You can trace it back to the 50s.You hit on great points. To be fair they weren't all caused by Bozo.BAD ECONOMY:Back in 2008 with the corrupt Boooshies and their bubble bust as usual...GOP voters are totally misinformed by megarich greedy lying Pubs and their bs media. Will they never learn?
The GOP s Job Killer Problem With Obamacare - ABC News
(1) Less home ownership
(2) Jobs consist of low wage, part-time, and temporary employment
(3) Businesses are offering less company paid benefits
(4) The cost of living to real wage ratio
(5) Higher health care cost
(6) Higher rent, utilities, and food cost
(7) Student loan debt
(8) 50% of children living at or below the poverty line
(9) Approximately 47 million receiving food stamps
(10) An astronomical and rising national debt
(11) Savings accounts paying .25% interest
(12) Troubled pension funds
(13) Cities going bankrupt
(14) Malls closing
(15) Retail chains closing stores
(16) Consumer spending down
(17) Our rundown infrastructure
(18) Growing gap between the rich and the poor
(19) The decline of the Middle Class
(20) Millions receiving some form of government assistance
(21) College grads working at low wage jobs and living with parents
(22) The cost of higher education
(23) Our dependency on cheap foreign imports
(24) Businesses off-shore out-sourcing jobs and importing labor
(25) The influx of cheap illegal immigrant labor
(26) Lost home equity
(27) Government debt keeping the economy afloat
(28) Technology, automation, and innovation replacing workers
(29) Men, women, children, and families homeless
(30) Many working and still receiving some form of government assistance
Yep, we're doing great. Economically, we're booming, and things couldn't be better. We're experiencing economic growth and stability. America is working, and the wheels of commerce are turning full speed. We have an internal cash flow unmatched anywhere in the world. As a matter of fact, we're doing so great, that we're giving away multi-$Billions to foreign governments, engaging in senseless deadly costly wars, and providing care and support for millions of illegal immigrants. What more could we ask for?
Sent from my iPhone using Tapatalk
Where on Earth do you get the notion that chart is based on projections? It came out in mid-2014 and was the most recent chart on wealth by class I could find.I'm curious, Faun...on the chart you keep referring to...you do realized that it's based on "projections" for that last total back in 2013? Do you have a chart with the actual numbers for 2013 & 2014 because it appears to me that you've provided us with a group projecting an upturn for wealth in that segment of the population.It really isn't my fault you are too dumb to read a chart.NOTHING YOU SAY adds up. yet you keep getting angrier and more unhinged, posting charts and stuff. Progressives that are honest, and even your messiah obama himself, has admitted 95% of the income gains on his watch went to that "ONE PERCENT" you idiots love to spew hate on and about
WTF? Democrats control the Senate?can anybody help a left-wing nutjob face reality????
i doubt it.
under obama the richest got richer, the poorest got poorer, even obama admits it.
it's sad you think beinga smug, hate-filled left-wing hypocrite will make your intellectual dishonesty appproach the truth
Wonderful. Now what is your Repub majority doing to relieve that situation?
Seriously, Hutch? The GOP controls the House...the Democrats control the Senate and the Oval Office. The House GOP members passed legislation that then sat on Harry Reid's desk while he refused to even let it come to the Senate floor for discussion let alone a vote. Then you've got a President who refuses to admit that he's lost his mandate and now rules by Executive Mandate. What pray tell do you think the GOP could do?
