Another Good Month On The Jobs Front...unemployment Drops To 5.9%

[SmarterThanTheAverageBear]

Economy gains 248 000 jobs as hiring rebounds

The labor market rebounded sharply in September as employers added 248,000 jobs, the second largest gain for any month this year.
The unemployment rate fell to 5.9% from 6.1%, lowest since July 2008, the Labor Department said Friday.

Thank y.....

I just realized with this post, that ever since your thread, laugh and mocking the death of a toddler who drowned, that honestly, I can't stand to even see your cruel evil name, no matter what you have to say.

Every single post, all I can see, is a cruel evil horrible person, laughing at the pain of parents who toddler just drowned.

So.... I'm not going to see your posts anymore. Goodbye Luddly. You are ignored forever. I'll never see, nor respond to your pure evil again.

can you link that?

Sure.
Prayer Baby Drowns In Baptism Tank US Message Board - Political Discussion Forum

He is a truly evil person. I'll never see him, or his posts again for the rest of my life.

Yep, that truly is disgusting.

 

[Dad2three]

From CNS News:

A record 92,584,000 Americans 16 and older did not participate in the labor force in September, as the labor force participation rate dropped to 62.7 percent, a level it has not seen in 36 years, the Bureau of Labor Statistics reported on Friday.

Six times in the last twelve months, the participation rate has been as low as 62.8 percent; but September’s 62.7 percent is the lowest since February of 1978.

The participation rate is the percentage of the civilian noninstitutional population who participated in the labor force by either having a job or actively seeking one. Those not in the labor force are those who not only did not have a job, but they did not actively seek one in the last four weeks.

- See more at: Great News Unemployment at 5.9 Bad News Record number not in work force wages flat Poor Richard s News

Retirement Among Baby Boomers Contributing To Shrinking Labor Force. According to The Washington Post, many economists agree the shrinking labor force participation rate is largely explained by a demographic shift, wherein "baby boomers are starting to retire en masse":

But since 2000, the labor force rate has been steadily declining as the baby-boom generation has been retiring. Because of this, the Federal Reserve Bank of Chicago expects the labor force participation rate to be lower in 2020 than it is today, regardless of how well the economy does.

The incredible shrinking labor force - The Washington Post

If that were true why is Bushes unemployment rate the same as obama and Bush had more people in the work force?
We are at a 35 year low.

SAME? You mean the 6.6+ MORE private sector jobs created under Obama AFTER Dubya lost over 1,000,000+ PRIVATE sector jobs in 8 years?

Bureau of Labor Statistics Data

 

[Dad2three]

It was 4.6 the last time republicans had majority power, which they from 1994 to 2006. Not that rightwinger knew or cared.

How many full time jobs? How many in the private sector?

Yes, statistics are like bikinis. What they reveal is suggestive, what they conceal is vital.

Rightwinger is just a fucking ignorant hack

As long as the Senate has filibuster power and president has veto power, it takes a 2/3 majority in BOTH houses to override a presidential veto, so the Dems controlled NOTHING as long as Bush was president.

A perfect example is after the Dems won both houses they passed an increase in the minimum wage in the house. Bush was against it and threatened a veto if he didn't get more tax cuts for business. The GOP in the Senate filibustered the bill and the cloture vote failed with 43 Republicans voting against it. So once Bush got his tax cuts added to the bill it passed in the Senate. Bush and the GOP still controlled everything related to the economy and everything else with their filibuster and veto power. Bush and the GOP own the Bush Depression lock, stock and barrel!!!

You think Bush controlled everything related to the economy when the democrats owned the house and senate?

Do you even know who controls the purse strings?

When I get home I will show you how Bush warned 17 different times in 2008 alone about the housing bubble.

You have to be kidding. Much to your dismay, thebpreident is not a king. Raising the minimum wage would not have done a thing for the economy. That is yet another democrat liberal ploy to cause divisions in the classes and to make them look like Robinhood.

"Bush warned 17 different times in 2008 alone about the housing bubble."

LIAR


BUSH WAS THE REGULATOR OF F/F. THEY WERE EXECUTIVE BRANCH DUMMY!!!

June 17, 2004


(CNN/Money) - Home builders, realtors and others are preparing to fight a Bush administration plan that would require Fannie Mae and Freddie Mac to increase financing of homes for low-income people, a home builder group said Thursday.



Q When did the Bush Mortgage Bubble start?

A The general timeframe is it started late 2004.

From Bush’s President’s Working Group on Financial Markets October 2008

“The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.”

Home builders fight Bush s low-income housing - Jun. 17 2004







"Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages."

Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50 % OF ALL MORTGAGES IN 2006 DIDNT REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?

A Yes.




Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?

A Banks.

Q WHY??!?!!!?!

A Two reasons, greed and Bush's regulators let them

Bushs documented policies and statements in timeframe leading up to the start of the Bush Mortgage Bubble include (but not limited to)

Wanting 5.5 million more minority homeowners
Tells congress there is nothing wrong with GSEs
Pledging to use federal policy to increase home ownership
Routinely taking credit for the housing market
Forcing GSEs to buy more low income home loans by raising their Housing Goals
Lowering Invesntment bank’s capital requirements, Net Capital rule
Reversing the Clinton rule that restricted GSEs purchases of subprime loans
Lowering down payment requirements to 0%
Forcing GSEs to spend an additional 440 billion in the secondary markets
Giving away 40,000 free down payments
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING


But the biggest policy was regulators not enforcing lending standards.


FACTS on Dubya s great recession US Message Board - Political Discussion Forum

How about pulling more lkies out? Nothing changes with dumb ass obama supporters.

One president controlled the regulators that not only let banks stop checking income but cheered them on. And as president Bush could enact the very policies that caused the Bush Mortgage Bubble and he did. And his party controlled congress.

FACTS on Dubya s great recession US Message Board - Political Discussion Forum

 

[bigrebnc1775]

From CNS News:

A record 92,584,000 Americans 16 and older did not participate in the labor force in September, as the labor force participation rate dropped to 62.7 percent, a level it has not seen in 36 years, the Bureau of Labor Statistics reported on Friday.

Six times in the last twelve months, the participation rate has been as low as 62.8 percent; but September’s 62.7 percent is the lowest since February of 1978.

The participation rate is the percentage of the civilian noninstitutional population who participated in the labor force by either having a job or actively seeking one. Those not in the labor force are those who not only did not have a job, but they did not actively seek one in the last four weeks.

- See more at: Great News Unemployment at 5.9 Bad News Record number not in work force wages flat Poor Richard s News

Retirement Among Baby Boomers Contributing To Shrinking Labor Force. According to The Washington Post, many economists agree the shrinking labor force participation rate is largely explained by a demographic shift, wherein "baby boomers are starting to retire en masse":

But since 2000, the labor force rate has been steadily declining as the baby-boom generation has been retiring. Because of this, the Federal Reserve Bank of Chicago expects the labor force participation rate to be lower in 2020 than it is today, regardless of how well the economy does.

The incredible shrinking labor force - The Washington Post

If that were true why is Bushes unemployment rate the same as obama and Bush had more people in the work force?
We are at a 35 year low.

SAME? You mean the 6.6+ MORE private sector jobs created under Obama AFTER Dubya lost over 1,000,000+ PRIVATE sector jobs in 8 years?

Bureau of Labor Statistics Data

What kind of private sector jobs?
Low paying private sector jobs?
That is not an improvement
that is a failure in presidential policy

 

[edthecynic]

Bush had more people in the work force?
We are at a 35 year low.

The Bushshit just keeps on coming.

When Bush left office there were 153,445,000 in the labor force and there are 155,903,000 now.

Tell another lie
There was no decline until after obama
Bureau of Labor Statistics Data

Another wing-nut pretending to be too stupid to know the difference between PEOPLE and a %.

 

[bigrebnc1775]

It was 4.6 the last time republicans had majority power, which they from 1994 to 2006. Not that rightwinger knew or cared.

How many full time jobs? How many in the private sector?

Yes, statistics are like bikinis. What they reveal is suggestive, what they conceal is vital.

Rightwinger is just a fucking ignorant hack

As long as the Senate has filibuster power and president has veto power, it takes a 2/3 majority in BOTH houses to override a presidential veto, so the Dems controlled NOTHING as long as Bush was president.

A perfect example is after the Dems won both houses they passed an increase in the minimum wage in the house. Bush was against it and threatened a veto if he didn't get more tax cuts for business. The GOP in the Senate filibustered the bill and the cloture vote failed with 43 Republicans voting against it. So once Bush got his tax cuts added to the bill it passed in the Senate. Bush and the GOP still controlled everything related to the economy and everything else with their filibuster and veto power. Bush and the GOP own the Bush Depression lock, stock and barrel!!!

You think Bush controlled everything related to the economy when the democrats owned the house and senate?

Do you even know who controls the purse strings?

When I get home I will show you how Bush warned 17 different times in 2008 alone about the housing bubble.

You have to be kidding. Much to your dismay, thebpreident is not a king. Raising the minimum wage would not have done a thing for the economy. That is yet another democrat liberal ploy to cause divisions in the classes and to make them look like Robinhood.

"Bush warned 17 different times in 2008 alone about the housing bubble."

LIAR


BUSH WAS THE REGULATOR OF F/F. THEY WERE EXECUTIVE BRANCH DUMMY!!!

June 17, 2004


(CNN/Money) - Home builders, realtors and others are preparing to fight a Bush administration plan that would require Fannie Mae and Freddie Mac to increase financing of homes for low-income people, a home builder group said Thursday.



Q When did the Bush Mortgage Bubble start?

A The general timeframe is it started late 2004.

From Bush’s President’s Working Group on Financial Markets October 2008

“The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.”

Home builders fight Bush s low-income housing - Jun. 17 2004







"Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages."

Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50 % OF ALL MORTGAGES IN 2006 DIDNT REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?

A Yes.




Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?

A Banks.

Q WHY??!?!!!?!

A Two reasons, greed and Bush's regulators let them

Bushs documented policies and statements in timeframe leading up to the start of the Bush Mortgage Bubble include (but not limited to)

Wanting 5.5 million more minority homeowners
Tells congress there is nothing wrong with GSEs
Pledging to use federal policy to increase home ownership
Routinely taking credit for the housing market
Forcing GSEs to buy more low income home loans by raising their Housing Goals
Lowering Invesntment bank’s capital requirements, Net Capital rule
Reversing the Clinton rule that restricted GSEs purchases of subprime loans
Lowering down payment requirements to 0%
Forcing GSEs to spend an additional 440 billion in the secondary markets
Giving away 40,000 free down payments
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING


But the biggest policy was regulators not enforcing lending standards.


FACTS on Dubya s great recession US Message Board - Political Discussion Forum

How about pulling more lkies out? Nothing changes with dumb ass obama supporters.

One president controlled the regulators that not only let banks stop checking income but cheered them on. And as president Bush could enact the very policies that caused the Bush Mortgage Bubble and he did. And his party controlled congress.

FACTS on Dubya s great recession US Message Board - Political Discussion Forum

You are so full of shit Bush wanted more regulation on freddy and fanny the democrats whined like a fucking little bitch when he did.

 

[Dad2three]

Bush had more people in the work force?
We are at a 35 year low.

The Bushshit just keeps on coming.

When Bush left office there were 153,445,000 in the labor force and there are 155,903,000 now.

Tell another lie
There was no decline until after obama
Bureau of Labor Statistics Data

JAN 2001 67.2

JAN 2009 65.7


OOPS

 

[Dad2three]

As long as the Senate has filibuster power and president has veto power, it takes a 2/3 majority in BOTH houses to override a presidential veto, so the Dems controlled NOTHING as long as Bush was president.

A perfect example is after the Dems won both houses they passed an increase in the minimum wage in the house. Bush was against it and threatened a veto if he didn't get more tax cuts for business. The GOP in the Senate filibustered the bill and the cloture vote failed with 43 Republicans voting against it. So once Bush got his tax cuts added to the bill it passed in the Senate. Bush and the GOP still controlled everything related to the economy and everything else with their filibuster and veto power. Bush and the GOP own the Bush Depression lock, stock and barrel!!!

You think Bush controlled everything related to the economy when the democrats owned the house and senate?

Do you even know who controls the purse strings?

When I get home I will show you how Bush warned 17 different times in 2008 alone about the housing bubble.

You have to be kidding. Much to your dismay, thebpreident is not a king. Raising the minimum wage would not have done a thing for the economy. That is yet another democrat liberal ploy to cause divisions in the classes and to make them look like Robinhood.

"Bush warned 17 different times in 2008 alone about the housing bubble."

LIAR


BUSH WAS THE REGULATOR OF F/F. THEY WERE EXECUTIVE BRANCH DUMMY!!!

June 17, 2004


(CNN/Money) - Home builders, realtors and others are preparing to fight a Bush administration plan that would require Fannie Mae and Freddie Mac to increase financing of homes for low-income people, a home builder group said Thursday.



Q When did the Bush Mortgage Bubble start?

A The general timeframe is it started late 2004.

From Bush’s President’s Working Group on Financial Markets October 2008

“The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.”

Home builders fight Bush s low-income housing - Jun. 17 2004







"Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages."

Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50 % OF ALL MORTGAGES IN 2006 DIDNT REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?

A Yes.




Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?

A Banks.

Q WHY??!?!!!?!

A Two reasons, greed and Bush's regulators let them

Bushs documented policies and statements in timeframe leading up to the start of the Bush Mortgage Bubble include (but not limited to)

Wanting 5.5 million more minority homeowners
Tells congress there is nothing wrong with GSEs
Pledging to use federal policy to increase home ownership
Routinely taking credit for the housing market
Forcing GSEs to buy more low income home loans by raising their Housing Goals
Lowering Invesntment bank’s capital requirements, Net Capital rule
Reversing the Clinton rule that restricted GSEs purchases of subprime loans
Lowering down payment requirements to 0%
Forcing GSEs to spend an additional 440 billion in the secondary markets
Giving away 40,000 free down payments
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING


But the biggest policy was regulators not enforcing lending standards.


FACTS on Dubya s great recession US Message Board - Political Discussion Forum

How about pulling more lkies out? Nothing changes with dumb ass obama supporters.

One president controlled the regulators that not only let banks stop checking income but cheered them on. And as president Bush could enact the very policies that caused the Bush Mortgage Bubble and he did. And his party controlled congress.

FACTS on Dubya s great recession US Message Board - Political Discussion Forum

You are so full of shit Bush wanted more regulation on freddy and fanny the democrats whined like a fucking little bitch when he did.

Sure. DUBYAA was the REGULATOR you know?

September 10, 2003

Testimony from W’s Treasury Secretary John Snow to the REPUBLICAN CONGRESS concerning the 'regulation’ of the GSE’s 2003
“
“
Mr. Frank: ...Are we in a crisis now with these entities?

Secretary Snow. No, that is a fair characterization, Congressman Frank, of our position. We are not putting this proposal before you because of some concern over some imminent danger to the financial system for housing; far from it.“

Treasury Dept. Views on the regulation of government sponsored enterprises.




STATEMENT OF ADMINISTRATION POLICY

The Administration strongly believes that the housing GSEs should be focused on their core housing mission, particularly with respect to low-income Americans and first-time homebuyers. Instead, provisions of H.R. 1461 that expand mortgage purchasing authority would lessen the housing GSEs' commitment to low-income homebuyers.

George W. Bush: Statement of Administration Policy: H.R. 1461 - Federal Housing Finance Reform Act of 2005

Yes, he said he was against it because it "would lessen the housing GSEs' commitment to low-income homebuyers". And here's what the House Republican Mike Oxley, Chairman of the House Financial Services committee said

“What did we get from the White House? We got a one-finger salute.”

Oxley was Chairman of the House Financial Services committee and sponsor of the only reform bill to pass any chamber of the republican controlled congress

Bush talked about reform. He talked and he talked. And then he stopped reform. (read that as many times as necessary. Bush stopped reform). And then he stopped it again.

FACTS on Dubya s great recession US Message Board - Political Discussion Forum

 

[Andylusion]

Bush had more people in the work force?
We are at a 35 year low.

The Bushshit just keeps on coming.

When Bush left office there were 153,445,000 in the labor force and there are 155,903,000 now.

Tell another lie
There was no decline until after obama
Bureau of Labor Statistics Data

Another wing-nut pretending to be too stupid to know the difference between PEOPLE and a %.

LOL......... Dude.... Are you drunk, or did you intentionally make yourself look unbelievably stupid?

 

[SmarterThanTheAverageBear]

Does anyone else see the humor of the liberals blaming the Republican's program to get more minorities into mortgages for the downturn in our economy?

Brilliant work Dad2three, too bad the recession was caused by other factors. No matter how hard you try to make the claim , ultimately the recession was not due to blacks not paying their mortgage, rather the recession led to them not being able to.

 

[Andylusion]

Does anyone else see the humor of the liberals blaming the Republican's program to get more minorities into mortgages for the downturn in our economy?

Brilliant work Dad2three, too bad the recession was caused by other factors. No matter how hard you try to make the claim , ultimately the recession was not due to blacks not paying their mortgage, rather the recession led to them not being able to.

Dad2three, is a mindless spammer. I have him also ignored. Don't expect much in the way of intelligent response from him. He'll just spam a thousand articles from leftards that all parrot the same unsupported claims, and cite each other in their support.

 

[bigrebnc1775]

Bush had more people in the work force?
We are at a 35 year low.

The Bushshit just keeps on coming.

When Bush left office there were 153,445,000 in the labor force and there are 155,903,000 now.

Tell another lie
There was no decline until after obama
Bureau of Labor Statistics Data

Another wing-nut pretending to be too stupid to know the difference between PEOPLE and a %.

Stupid follow thew numbers from 2004 until 2008 participation numbers hovered around the 66 mark
From 2009+ until 2014 the participation rate has declined without fluctuating back up. In 2009 it was 65.7 in Sept. 2014 it was 62.7 without going up at any time during those years.

OH and dumb ass the participation rate does represent PEOPLE you dumb mother fucker.

 

[edthecynic]

Bush had more people in the work force?
We are at a 35 year low.

The Bushshit just keeps on coming.

When Bush left office there were 153,445,000 in the labor force and there are 155,903,000 now.

Tell another lie
There was no decline until after obama
Bureau of Labor Statistics Data

Another wing-nut pretending to be too stupid to know the difference between PEOPLE and a %.

LOL......... Dude.... Are you drunk, or did you intentionally make yourself look unbelievably stupid?

Yet another wing-nut pretending to be too stupid to know the difference between PEOPLE and a %.

 

[Dad2three]

From CNS News:

A record 92,584,000 Americans 16 and older did not participate in the labor force in September, as the labor force participation rate dropped to 62.7 percent, a level it has not seen in 36 years, the Bureau of Labor Statistics reported on Friday.

Six times in the last twelve months, the participation rate has been as low as 62.8 percent; but September’s 62.7 percent is the lowest since February of 1978.

The participation rate is the percentage of the civilian noninstitutional population who participated in the labor force by either having a job or actively seeking one. Those not in the labor force are those who not only did not have a job, but they did not actively seek one in the last four weeks.

- See more at: Great News Unemployment at 5.9 Bad News Record number not in work force wages flat Poor Richard s News

Retirement Among Baby Boomers Contributing To Shrinking Labor Force. According to The Washington Post, many economists agree the shrinking labor force participation rate is largely explained by a demographic shift, wherein "baby boomers are starting to retire en masse":

But since 2000, the labor force rate has been steadily declining as the baby-boom generation has been retiring. Because of this, the Federal Reserve Bank of Chicago expects the labor force participation rate to be lower in 2020 than it is today, regardless of how well the economy does.

The incredible shrinking labor force - The Washington Post

If that were true why is Bushes unemployment rate the same as obama and Bush had more people in the work force?
We are at a 35 year low.

SAME? You mean the 6.6+ MORE private sector jobs created under Obama AFTER Dubya lost over 1,000,000+ PRIVATE sector jobs in 8 years?

Bureau of Labor Statistics Data

What kind of private sector jobs?
Low paying private sector jobs?
That is not an improvement
that is a failure in presidential policy

Weird, NOW the executive branch is responsible for the 'free markets' lack of good jobs? Perhaps the lowest SUSTAINED tax burden on the 'job creators', which is about half the effective rate it was in the 1940's and 1950's, needs to be upped to give them incentives to pay more? RECORD Corp profits and lowest tax burden in 40+ years on them AND their costs are lowest ever recorded for labor? HMM


Dubya lost over a million PRIVATE sector jobs in his 8 years and Obama has over 6.6+ million CREATED. Which is better?

 

[Dad2three]

As long as the Senate has filibuster power and president has veto power, it takes a 2/3 majority in BOTH houses to override a presidential veto, so the Dems controlled NOTHING as long as Bush was president.

A perfect example is after the Dems won both houses they passed an increase in the minimum wage in the house. Bush was against it and threatened a veto if he didn't get more tax cuts for business. The GOP in the Senate filibustered the bill and the cloture vote failed with 43 Republicans voting against it. So once Bush got his tax cuts added to the bill it passed in the Senate. Bush and the GOP still controlled everything related to the economy and everything else with their filibuster and veto power. Bush and the GOP own the Bush Depression lock, stock and barrel!!!

You think Bush controlled everything related to the economy when the democrats owned the house and senate?

Do you even know who controls the purse strings?

When I get home I will show you how Bush warned 17 different times in 2008 alone about the housing bubble.

You have to be kidding. Much to your dismay, thebpreident is not a king. Raising the minimum wage would not have done a thing for the economy. That is yet another democrat liberal ploy to cause divisions in the classes and to make them look like Robinhood.

"Bush warned 17 different times in 2008 alone about the housing bubble."

LIAR


BUSH WAS THE REGULATOR OF F/F. THEY WERE EXECUTIVE BRANCH DUMMY!!!

June 17, 2004


(CNN/Money) - Home builders, realtors and others are preparing to fight a Bush administration plan that would require Fannie Mae and Freddie Mac to increase financing of homes for low-income people, a home builder group said Thursday.



Q When did the Bush Mortgage Bubble start?

A The general timeframe is it started late 2004.

From Bush’s President’s Working Group on Financial Markets October 2008

“The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.”

Home builders fight Bush s low-income housing - Jun. 17 2004







"Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages."

Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50 % OF ALL MORTGAGES IN 2006 DIDNT REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?

A Yes.




Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?

A Banks.

Q WHY??!?!!!?!

A Two reasons, greed and Bush's regulators let them

Bushs documented policies and statements in timeframe leading up to the start of the Bush Mortgage Bubble include (but not limited to)

Wanting 5.5 million more minority homeowners
Tells congress there is nothing wrong with GSEs
Pledging to use federal policy to increase home ownership
Routinely taking credit for the housing market
Forcing GSEs to buy more low income home loans by raising their Housing Goals
Lowering Invesntment bank’s capital requirements, Net Capital rule
Reversing the Clinton rule that restricted GSEs purchases of subprime loans
Lowering down payment requirements to 0%
Forcing GSEs to spend an additional 440 billion in the secondary markets
Giving away 40,000 free down payments
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING


But the biggest policy was regulators not enforcing lending standards.


FACTS on Dubya s great recession US Message Board - Political Discussion Forum

How about pulling more lkies out? Nothing changes with dumb ass obama supporters.

One president controlled the regulators that not only let banks stop checking income but cheered them on. And as president Bush could enact the very policies that caused the Bush Mortgage Bubble and he did. And his party controlled congress.

FACTS on Dubya s great recession US Message Board - Political Discussion Forum

You are so full of shit Bush wanted more regulation on freddy and fanny the democrats whined like a fucking little bitch when he did.

Weird, so Dubya cared about what the Dems thought huh? I guess that's why he gave US 2 UNFUNDED Tax cuts to go with his 2 UNFUNDED wars and UNFUNDED Medicare expansion, he was the conservative who 'cared' right? lol

 

[bigrebnc1775]

Bush had more people in the work force?
We are at a 35 year low.

The Bushshit just keeps on coming.

When Bush left office there were 153,445,000 in the labor force and there are 155,903,000 now.

Tell another lie
There was no decline until after obama
Bureau of Labor Statistics Data

JAN 2001 67.2

JAN 2009 65.7


OOPS

I don't know what you're using that as help the participation declined under obama not Bush.

 

[bigrebnc1775]

You think Bush controlled everything related to the economy when the democrats owned the house and senate?

Do you even know who controls the purse strings?

When I get home I will show you how Bush warned 17 different times in 2008 alone about the housing bubble.

You have to be kidding. Much to your dismay, thebpreident is not a king. Raising the minimum wage would not have done a thing for the economy. That is yet another democrat liberal ploy to cause divisions in the classes and to make them look like Robinhood.

"Bush warned 17 different times in 2008 alone about the housing bubble."

LIAR


BUSH WAS THE REGULATOR OF F/F. THEY WERE EXECUTIVE BRANCH DUMMY!!!

June 17, 2004


(CNN/Money) - Home builders, realtors and others are preparing to fight a Bush administration plan that would require Fannie Mae and Freddie Mac to increase financing of homes for low-income people, a home builder group said Thursday.



Q When did the Bush Mortgage Bubble start?

A The general timeframe is it started late 2004.

From Bush’s President’s Working Group on Financial Markets October 2008

“The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.”

Home builders fight Bush s low-income housing - Jun. 17 2004







"Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages."

Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50 % OF ALL MORTGAGES IN 2006 DIDNT REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?

A Yes.




Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?

A Banks.

Q WHY??!?!!!?!

A Two reasons, greed and Bush's regulators let them

Bushs documented policies and statements in timeframe leading up to the start of the Bush Mortgage Bubble include (but not limited to)

Wanting 5.5 million more minority homeowners
Tells congress there is nothing wrong with GSEs
Pledging to use federal policy to increase home ownership
Routinely taking credit for the housing market
Forcing GSEs to buy more low income home loans by raising their Housing Goals
Lowering Invesntment bank’s capital requirements, Net Capital rule
Reversing the Clinton rule that restricted GSEs purchases of subprime loans
Lowering down payment requirements to 0%
Forcing GSEs to spend an additional 440 billion in the secondary markets
Giving away 40,000 free down payments
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING


But the biggest policy was regulators not enforcing lending standards.


FACTS on Dubya s great recession US Message Board - Political Discussion Forum

How about pulling more lkies out? Nothing changes with dumb ass obama supporters.

One president controlled the regulators that not only let banks stop checking income but cheered them on. And as president Bush could enact the very policies that caused the Bush Mortgage Bubble and he did. And his party controlled congress.

FACTS on Dubya s great recession US Message Board - Political Discussion Forum

You are so full of shit Bush wanted more regulation on freddy and fanny the democrats whined like a fucking little bitch when he did.

Weird, so Dubya cared about what the Dems thought huh? I guess that's why he gave US 2 UNFUNDED Tax cuts to go with his 2 UNFUNDED wars and UNFUNDED Medicare expansion, he was the conservative who 'cared' right? lol

It would have took a republican congress to regulate anything The democrats cried racist and stopped the republicans from doing anything

 

[Andylusion]

Bush had more people in the work force?
We are at a 35 year low.

The Bushshit just keeps on coming.

When Bush left office there were 153,445,000 in the labor force and there are 155,903,000 now.

Tell another lie
There was no decline until after obama
Bureau of Labor Statistics Data

Another wing-nut pretending to be too stupid to know the difference between PEOPLE and a %.

LOL......... Dude.... Are you drunk, or did you intentionally make yourself look unbelievably stupid?

Yet another wing-nut pretending to be too stupid to know the difference between PEOPLE and a %.

LOL......... Dude.... Are you drunk, or did you intentionally make yourself look unbelievably stupid twice now?

 

[edthecynic]

Bush had more people in the work force?
We are at a 35 year low.

The Bushshit just keeps on coming.

When Bush left office there were 153,445,000 in the labor force and there are 155,903,000 now.

Tell another lie
There was no decline until after obama
Bureau of Labor Statistics Data

Another wing-nut pretending to be too stupid to know the difference between PEOPLE and a %.

Stupid follow thew numbers from 2004 until 2008 participation numbers hovered around the 66 mark
From 2009+ until 2014 the participation rate has declined without fluctuating back up. In 2009 it was 65.7 in Sept. 2014 it was 62.7 without going up at any time during those years.

OH and dumb ass the participation rate does represent PEOPLE you dumb mother fucker.

There are 1,458,000 more PEOPLE in the workforce now than when Bush left office. You said Bush had "more PEOPLE" in the work force. I love how the Right plays dumb so they can lie with impunity, because thanks to St Ronnie they have convinced themselves that they are not lying if they are too stupid to know they are lying.

 

[Dad2three]

Does anyone else see the humor of the liberals blaming the Republican's program to get more minorities into mortgages for the downturn in our economy?

Brilliant work Dad2three, too bad the recession was caused by other factors. No matter how hard you try to make the claim , ultimately the recession was not due to blacks not paying their mortgage, rather the recession led to them not being able to.

PLEASE link to where I said that's what caused it? Nope, that's just right wing MYTHS that it was caused by the poor, minority or F/F, it was a SUBPRIME crisis, ONE DUBYA WAS HEAD CHEERLEADER FOR, AND FOUGHT TOOTH AND NAIL TO KEEP GOING!






Q When did the Bush Mortgage Bubble start?

A The general timeframe is it started late 2004.

From Bush’s President’s Working Group on Financial Markets October 2008

“The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.”

"Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages."

Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50 % OF ALL MORTGAGES IN 2006 DIDNT REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?

A Yes.




Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?

A Banks.

Q WHY??!?!!!?!

A Two reasons, greed and Bush's regulators let them.

FACTS on Dubya s great recession US Message Board - Political Discussion Forum