58 straight months of jobs growth, ACA working great where allowed to, where is this bad economy?

[bedowin62]

YAWN;

NOBODY ever said obama is the cause of EVERYTHING.

this is the straw man argument of people that cant defend obama's record

 

[Faun]

angry sputtering and stammering, along with history revisionism cant hide the holes in your arguments, or change historical facts

Historical facts like ...

"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

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.

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

Of course I've pointed it out -- you keep claiming Democrats voted for the Republican policies Bush credited for the housing boom ..... you've yet to prove it. Post Congressional roll calls proving your baseless claims. You citing yourself as evidence isn't evidence.

 

[healthmyths]

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

The Obamacare is a disaster:
(1) It is skyrocketing premiums, deductibles and copays for all health plans. In large corp plans. My increase was sick.
(2) The majority of people are signing up for the bronze program to avoid the penalty. The bronze (and silver plans) have ginormous deductibles and copays. It is like getting insurance without having insurance.
(3) in group plans we are seeing the rise of the high deductible PPOs. They are less expensive plans, but when you get sick you are stuck with thousands of dollars in medical bills.
(4) We still have 10s of millions uninsured people.


Sent from my iPhone using Tapatalk

I agree with all your points except number 4.
There NEVER were as Obama said:“I don’t have to explain to you that nearly 46 million Americans don’t have health insurance coverage today."
A) Even Obama AFTER ACA passed he admitted there were 36 million not 46 million BECAUSE HE COUNTED 10 million illegals!
Link: Income Poverty and Health Insurance Coverage in the United States 2009 - Income Wealth - Newsroom - U.S. Census Bureau

B) But Obama would NEVER admit that 14 million people eligible but they didn't know it because of the ineptness of Obama's
administration for MEDICAID including 9 million children eligible just needed to register for SCHIP!
Here is the link for THAT FACT: http://coverageforall.org/pdf/BC-BS_Uninsured-America.pdf

C) Finally the fraudster claimed 18 million people that were under 34 that made over $50,000 WANTED health insurance!
LIE! These people could afford their employers' plans but CHOSE not to have insurance! Yet they were totally bogusly counted!
CRISIS OF THE UNINSURED 2009
Subtract 10 million illegals, 14 million that all need do is register, and 18 million that DIDN"T WANT leaves less then 4 million!

 

[Faun]

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

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.

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...

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.

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.

So what? Republicans were still in charge. If the head of their party asks for something and they refuse to deliver it, you can't turn around after their refusal blows up the economy and blame one guy from the minority party because three's a video of him speaking out in favor of the GSE's. While Frank was recorded saying that, the majority party Republicans were sitting on about 5 bills on the matter which Republican leaders in the Senate sat on like Harry Reid sat on while he ran the Senate.

 

[Faun]

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

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.

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...

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.

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.

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

Holyfuck.

You didn't even know a bill on GSE reform was about GSE reform. Now you look like a total dumbshit blaming a member of the minority party in the House and another in the Senate when Frank could do nothing to prevent the House from passing GSE reform and Dodd could only filibuster such a bill to prevent it -- but didn't.

 

[bedowin62]

angry sputtering and stammering, along with history revisionism cant hide the holes in your arguments, or change historical facts

Historical facts like ...

"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

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.

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

Of course I've pointed it out -- you keep claiming Democrats voted for the Republican policies Bush credited for the housing boom ..... you've yet to prove it. Post Congressional roll calls proving your baseless claims. You citing yourself as evidence isn't evidence.

i can; but you wont be man enough to admit it anyway.

 

[Faun]

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 ...

It's sad to see there are still people stupid enough to cling to the long debunked idiocy that the CRA caused the meltdown.

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.​

POOR IDIOT; nobody is surprised you found a report where a board of governors APPOINTED BY THE PRESIDENT, a government body, that excuses the government's role in the housing market disaster. you keep mistaking your angry, unhinged smugness for reality when you cant see that the moronic things you post can be easily dismissed. all you do Faun is make yourself look stupid

and your report, IF YOU ACTUALLY LOOKED AT IT, or maybe you just Googled something you thought just made your point for you?? anyway your report was commissioned AT THE END OF THE BUSH YEARS. all of sudden you believe the Bush administration right? and it is dated November of 2008; long before the full extent of the damage of the housing crisis became known.

what a tool you are

The president doesn't appoint the economists who wrote that report. Your desperation to dismiss it is duly noted, however.

 

[bedowin62]

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.

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...

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.

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.

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

Holyfuck.

You didn't even know a bill on GSE reform was about GSE reform. Now you look like a total dumbshit blaming a member of the minority party in the House and another in the Senate when Frank could do nothing to prevent the House from passing GSE reform and Dodd could only filibuster such a bill to prevent it -- but didn't.

you look like an even bigger idiot crying that Frank couldnt do anything when it doesnt matter; he's on record saying nothing needed to be done

all you do is make a fool of yourself faun

 

[Faun]

Historical facts like ...

"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

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.

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

Of course I've pointed it out -- you keep claiming Democrats voted for the Republican policies Bush credited for the housing boom ..... you've yet to prove it. Post Congressional roll calls proving your baseless claims. You citing yourself as evidence isn't evidence.

i can; but you wont be man enough to admit it anyway.

Sure you can .... .... that's why you haven't.

 

[bedowin62]

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 ...

It's sad to see there are still people stupid enough to cling to the long debunked idiocy that the CRA caused the meltdown.

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.​

POOR IDIOT; nobody is surprised you found a report where a board of governors APPOINTED BY THE PRESIDENT, a government body, that excuses the government's role in the housing market disaster. you keep mistaking your angry, unhinged smugness for reality when you cant see that the moronic things you post can be easily dismissed. all you do Faun is make yourself look stupid

and your report, IF YOU ACTUALLY LOOKED AT IT, or maybe you just Googled something you thought just made your point for you?? anyway your report was commissioned AT THE END OF THE BUSH YEARS. all of sudden you believe the Bush administration right? and it is dated November of 2008; long before the full extent of the damage of the housing crisis became known.

what a tool you are

The president doesn't appoint the economists who wrote that report. Your desperation to dismiss it is duly noted, however.

no i know you didnt even read what you posted IDIOT
try opening it; it is from the Federal Reserve Board it is their report. the Board is appointed by the President

you're such a clown faun

 

[bedowin62]

you're embarrassing yourself

no amount of fast posting can save you Faun

 

[Faun]

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...

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.

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.

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

Holyfuck.

You didn't even know a bill on GSE reform was about GSE reform. Now you look like a total dumbshit blaming a member of the minority party in the House and another in the Senate when Frank could do nothing to prevent the House from passing GSE reform and Dodd could only filibuster such a bill to prevent it -- but didn't.

you look like an even bigger idiot crying that Frank couldnt do anything when it doesnt matter; he's on record saying nothing needed to be done

all you do is make a fool of yourself faun

What an imbecile you are. You must think Barney Frank is Superman, capable of forcing the opposition to bow down to do his bidding?

Ok, cite the House bill(s) he prevented from passing......

 

[bedowin62]

FRB Did the Community Reinvestment Act CRA contribute to foreclosures and the financial crisis And is the CRA being reformed



this is the actual web address of YOUR SOURCE
as you can see it's a .GOV WEBSITE

not a bunch of random economists that wrote it

ur a joke dude

 

[Faun]

you're embarrassing yourself

no amount of fast posting can save you Faun

Spits a forum imbecile.



Should I care what an imbecile let you thinks?

 

[bedowin62]

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.

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.

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

Holyfuck.

You didn't even know a bill on GSE reform was about GSE reform. Now you look like a total dumbshit blaming a member of the minority party in the House and another in the Senate when Frank could do nothing to prevent the House from passing GSE reform and Dodd could only filibuster such a bill to prevent it -- but didn't.

you look like an even bigger idiot crying that Frank couldnt do anything when it doesnt matter; he's on record saying nothing needed to be done

all you do is make a fool of yourself faun

What an imbecile you are. You must think Barney Frank is Superman, capable of forcing the opposition to bow down to do his bidding?

Ok, cite the House bill(s) he prevented from passing......

once more dummy


STRAW MAN
he is on record saying nothing needed to be done

try again

 

[bedowin62]

you're embarrassing yourself

no amount of fast posting can save you Faun

Spits a forum imbecile.



Should I care what an imbecile let you thinks?

you should care for your own sake

you're making a fool of yourself

 

[bedowin62]

you didnt even know what you posted; just Googled something you though you could use

it's awkward watching you

 

[DrDoomNGloom]

#1 When Barack Obama entered the White House, 60.6 percent of working age Americans had a job. Today, only 58.7 percent of working age Americans have a job.

#2 Since Obama has been president, seven out of every eight jobs that have been “created” in the U.S. economy have been part-time jobs.

#3 The number of full-time workers in the United States is still nearly 6 million below the old record that was set back in 2007.

#4 It is hard to believe, but an astounding 53 percent of all American workers now make less than $30,000 a year.

#5 40 percent of all workers in the United States actually make less than what a full-time minimum wage worker made back in 1968.

#6 When the Obama era began, the average duration of unemployment in this country was 19.8 weeks. Today, it is 36.6 weeks.

#7 During the first four years of Obama, the number of Americans “not in the labor force” soared by an astounding 8,332,000. That far exceeds any previous four year total.

#8 According to the U.S. Census Bureau, the middle class is taking home a smaller share of the overall income pie than has ever been recorded before.

#9 When Obama was elected, the homeownership rate in the United States was 67.5 percent. Today, it is 65.0 percent. That is the lowest that it has been in 18 years.

#10 When Obama entered the White House, the mortgage delinquency rate was 7.85 percent. Today, it is 9.72 percent.

#11 In 2008, the U.S. trade deficit with China was 268 billion dollars. Last year, it was 315 billion dollars.

#12 When Obama first became president, 12.5 million Americans had manufacturing jobs. Today, only 11.9 million Americans have manufacturing jobs.

#13 Median household income in America has fallen for four consecutive years. Overall, it has declined by over $4000 during that time span.

#14 The poverty rate has shot up to 16.1 percent. That is actually higher than when the War on Poverty began in 1965.

#15 During Obama’s first term, the number of Americans on food stamps increased by an average of about 11,000 per day.

#16 When Barack Obama entered the White House, there were about 32 million Americans on food stamps. Today, there are more than 47 million Americans on food stamps.

#17 At this point, more than a million public school students in the United States are homeless. This is the first time that has ever happened in our history. That number has risen by 57 percent since the 2006-2007 school year.

#18 When Barack Obama took office, the average price of a gallon of regular gasoline was $1.85. Today, it is $3.53.

#19 Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.

#20 Health insurance costs have risen by 29 percent since Barack Obama became president, and Obamacare is going to make things far worse.

#21 The United States has fallen in the global economic competitiveness rankings compiled by the World Economic Forum for four years in a row.

#22 According to economist Tim Kane, the following is how the number of startup jobs per 1000 Americans breaks down by presidential administration…

Bush Sr.: 11.3

Clinton: 11.2

Bush Jr.: 10.8

Obama: 7.8

#23 In 2008, that total amount of student loan debt in this country was 440 billion dollars. At this point, it has shot up to about a trillion dollars.

#24 According to one recent survey, 76 percent of all Americans are living paycheck to paycheck.

#25 During Obama’s first term, the number of Americans collecting federal disability insurance rose by more than 18 percent.

#26 The total amount of money that the federal government gives directly to the American people has grown by 32 percent since Barack Obama became president.

#27 According to the Survey of Income and Program Participation conducted by the U.S. Census, well over 100 million Americans are enrolled in at least one welfare program run by the federal government.

#28 As I wrote about the other day, American households are now receiving more money directly from the federal government than they are paying to the government in taxes.

#29 Under Barack Obama, the velocity of money (a very important indicator of economic health) has plunged to a post-World War II low.

#30 At the end of 2008, the Federal Reserve held $475.9 billion worth of U.S. Treasury bonds. Today, Fed holdings of U.S. Treasury bonds have skyrocketed past the 2 trillion dollar mark.

#31 When Barack Obama was first elected, the U.S. debt to GDP ratio was under 70 percent. Today, it is up to 101 percent.

#32 During Obama’s first term, the federal government accumulated more new debt than it did under the first 42 U.S presidents combined.

#33 When you break it down, the amount of new debt accumulated by the U.S. government during Obama’s first term comes to approximately $50,521 for every single household in the United States. Are you able to pay your share?

33 Shocking Facts Which Show How Badly The Economy Has Tanked Since Obama Became President

 

[Faun]

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 ...

It's sad to see there are still people stupid enough to cling to the long debunked idiocy that the CRA caused the meltdown.

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.​

POOR IDIOT; nobody is surprised you found a report where a board of governors APPOINTED BY THE PRESIDENT, a government body, that excuses the government's role in the housing market disaster. you keep mistaking your angry, unhinged smugness for reality when you cant see that the moronic things you post can be easily dismissed. all you do Faun is make yourself look stupid

and your report, IF YOU ACTUALLY LOOKED AT IT, or maybe you just Googled something you thought just made your point for you?? anyway your report was commissioned AT THE END OF THE BUSH YEARS. all of sudden you believe the Bush administration right? and it is dated November of 2008; long before the full extent of the damage of the housing crisis became known.

what a tool you are

The president doesn't appoint the economists who wrote that report. Your desperation to dismiss it is duly noted, however.

no i know you didnt even read what you posted IDIOT
try opening it; it is from the Federal Reserve Board it is their report. the Board is appointed by the President

you're such a clown faun

Your desperation grows. The report was by economists on the board.

 

[Faun]

FRB Did the Community Reinvestment Act CRA contribute to foreclosures and the financial crisis And is the CRA being reformed



this is the actual web address of YOUR SOURCE
as you can see it's a .GOV WEBSITE

not a bunch of random economists that wrote it

ur a joke dude

Your desperation grows even more. When did I ever say they were "random" economists? Wait, I didn't. That's just your desperation speaking for you.