Democrats collapsed Detroit, now turn their focus on collapsing California

[rightwinger]

So what happened in the interim? When did those Republican liberals become conservatives.

And most of them wll live to regret it.
Uncle Jeff Sessions will see to that.

It was not a liberal or conservative thing to extend human rights by ending slavery and pushing for equal Civil Rights. You ask what "happened" in the interim? Ask the Democrats who fought slavery abolition and civil rights..... they had an epiphany and realized that people are not individuals rather they are simply blocks of votes that simply need to be boxed in. That was the War on Poverty. Who's winning? Poverty is and the Black Family has been destroyed. No Liberal or Democrat can explain the correlation of the passing of the War on Poverty legislation that was supposed to help Blacks but we see higher unemployment and more single mother households vs. pre-War On Poverty legislation. Why is that? In advance, dispense with the "go back to pre-Civil Rights" or "Republicans fight proper funding" bullshit. Those are copout arguments devoid of any valid economic or social data. Civil Rights and War on Poverty were supposed to make things better. Are they or why / how did things worsen?

The war on poverty did not cause the dissolution of black families

The steady loss of manufacturing jobs in urban areas made it impossible for black males to support families like they used to

Nice try on the manufacturing job loss in urban areas. Outside of Detroit, what other areas are you referring?

Camden, Newark, Cleveland, Pittsburgh, Baltimore.......

Limited.

Which major city has good paying manufacturing jobs?

Once they left the cities, the work force was left behind

 

[rightwinger]

There were a lot more factors involved in the. housing market collaspe than the CRA. The Bush baby exacerbated the problem by adding. a "no money down" stipulation .

I won't argue that. So what we see yet again is that government interference in the free market caused the problem. Whether it is left-wing interference or right-wing interference, government getting involved where it has no constitutional authority to get involved, causes the problems.

Actually it was government deregulation and an unrestrained free market which created the bubble and eventual collapse

 

[Markle]

Another thread of cons whining about California. We're glad you are so concerned for CA but we were just awarded the Summer Olympics for 2028 in Los Angeles. Again. I wonder why Dallas, or Kansas City, or maybe Chattanooga never get the Olympics? Can't afford to host them? I mean this is the third time Los Angeles is hosting. I would think a city other than Atlanta in the entire US could swing it. No worries, CA can handle it easily. And it's LA, always a good show there.

And how about cons who are so concerned with Detroit, bless their souls. They live in red states that take federal welfare dollars far more than blue states but they're always looking out for Detroit and Chicago. Just good people I guess.

What Olympics, in modern history, have come in on time, under budget and did NOT LOSE billions of dollars?

Is it true that even California was forced to dump their foolish idea for single payer health care? Wow, must be really bad for California to bail on the idea.

 

[Markle]

Actually it was government deregulation and an unrestrained free market which created the bubble and eventual collapse

 

[Markle]

Do you think an asshole like the p@triot has either the brains or the ability to afford the California lifestyle?

You just have to give them a livable wage. Problem solved!

 

[P@triot]

Capitalists destroyed Detroit

Used it up and then abandoned it

 

[Markle]

We got Disney, six flags, universal studios, best stadiums, best beaches, best companies, best schools, best farms, best national parks, best economy, best port, we have Tesla lol....what else can one ask for?

Then why are so many people and corporations leaving California for Texas and Florida among other states? You didn't mention the highest taxes and highest debt.

 

[P@triot]

There were a lot more factors involved in the. housing market collaspe than the CRA. The Bush baby exacerbated the problem by adding. a "no money down" stipulation .

I won't argue that. So what we see yet again is that government interference in the free market caused the problem. Whether it is left-wing interference or right-wing interference, government getting involved where it has no constitutional authority to get involved, causes the problems.

Actually it was government deregulation and an unrestrained free market which created the bubble and eventual collapse

The facts say otherwise, troll...

 

[Markle]

Democrats have shown they'll elect or try to elect felons. Marion Berry of Washington DC is a prime example.

Let us not forget Ted Kennedy. Proving for Progressives, murder is a resume enhancement.

Then, of course, we have Ray Nagen, currently serving time in prison and largely responsible for the disaster from Katrina and RE-ELECTED AFTER HIS FAILURE.

Close friend of petulant former President Barack Hussein Obama, Rod Blagojevich, the Democratic governor of Illinois from 2002 to 2009, is serving a 14-year sentence at a federal prison in Colorado.

 

[Markle]

Detroit went to hell like the rest of the rust belt. Industry left and white flight. And of course racism THAT COUNTS, against blacks from the GOP mainly- along with the usual pander to the rich GOP policies, dupes.

Why then are so many major auto manufacturers located in the South? The auto unions priced their workers out of the market.

 

[Markle]

There were a lot more factors involved in the. housing market collaspe than the CRA. The Bush baby exacerbated the problem by adding. a "no money down"
stipulation .

Barney Frank and Chris Dodd mandated that Fannie Mae and Freddie Mac INCREASE the percentage of high-risk loans in their portfolio. Those forced regulations made those same far less rigid requirements available to everyone.

Updated below for national site. 3/9/17


Just to remind all our FRIENDS from the far left, the responsibility for this mess lies with Jimmy Carter, Bill Clinton, Barney Frank and Chris Dodd. AND WITH REPUBLICANS for backing off every time Barney Frank and his cronies played…THE RACE CARD! The housing bubble is what led to the downfall and that was driven by Democrats, starting with Jimmy Carter and hugely expanded by Bill Clinton. Here are the facts, once again, for you to ignore….

HUD TO FIGHT DISCRIMINATION, BOOST MINORITY HOMEOWNERSHIP AND WORK WITH URBAN LEAGUE TO FURTHER GOALS
August 5, 1997
HUD to Fight Discrimination, Boost Minority Homeownership and Work With Urban League to Further Goals - Free Online Library


New York Times - 1999
Fannie Mae Eases Credit To Aid Mortgage Lending -
Fannie Mae Eases Credit To Aid Mortgage Lending



President Bush’s and the Administrations Unheeded Warnings About the Systemic Risk Posed by the GSEs – Fannie and Freddie dating back to 2001
Just the Facts: The Administration’s Unheeded Warnings About the Systemic Risk Posed by the GSEs


By Elliot Blair Smith,
USA TODAY
Fannie Mae to pay $400 million fine
http://www.bloomberg.com/apps/news?pid=newsarchive&refer=columnist_hassett&sid=aSKSoiNbnQY0
Franklin Raines was Director of the Office of Management and Budget under Clinton and returned to Fannie Mae as its CEO in 1999. Raines is not a “chief” economic adviser for President Barack Hussein Obama but has advised the administration on mortgage and housing matters. Obama had hired another former Fannie CEO, Jim Johnson as a member of Obama’s V.P. search committee and who was forced to quit under fire.

Bloomberg News -
How the Democrats Created the Financial Crisis -
http://www.bloomberg.com/apps/news?pid=newsarchive&refer=columnist_hassett&sid=aSKSoiNbnQY0

Democrats in their own words covering up the Fannie Mae, Freddie Mac



Timeline shows Bush, McCain warning Democrats of Financial Crisis



From the New York Times
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON
Published: September 11, 2003 WASHINGTON,

Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.


Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.


The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.


The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.


Read more: New Agency Proposed to Oversee Freddie Mac and Fannie Mae

 

[Markle]

The war on poverty did not cause the dissolution of black families

Lie

BY WALTER E. WILLIAMS
RELEASE: WEDNESDAY, OCTOBER 26, 2005, AND THEREAFTER
AMMUNITION FOR POVERTY PIMPS

In the wake of Hurricane Katrina's destruction of New Orleans, President Bush gave America's poverty pimps and race hustlers new ammunition. The president said, "As all of us saw on television, there is also some deep, persistent poverty in this region as well. And that poverty has roots in a history of racial discrimination, which cut off generations from the opportunity of America. We have a duty to confront this poverty with bold action."

The president's espousing such a vision not only supplies ammunition to poverty pimps and race hustlers, it focuses attention away from the true connection between race and poverty.

Though I grow weary of pointing it out, let's do it again. Let's examine some numbers readily available from the Census Bureau's 2004 Current Population Survey and ask some questions. There's one segment of the black population that suffers only a 9.9 percent poverty rate, and only 13.7 percent of its under-5-year-olds are poor. There's another segment that suffers a 39.5 percent poverty rate, and 58.1 percent of its under-5-year-olds are poor. Among whites, one segment suffers a 6 percent poverty rate, and only 9.9 percent of its under-5-year-olds are poor. The other segment suffers a 26.4 percent poverty rate, and 52 percent of its under-5-year-olds are poor. What do you think distinguishes the high and low poverty populations among blacks?

Would you buy an explanation that it's because white people practice discrimination against one segment of the black population and not the other or one segment had a history of slavery and not the other? You'd have to be a lunatic to buy such an explanation. The only distinction between both the black and white populations is marriage -- lower poverty in married-couple families.

In 1960, only 28 percent of black females ages 15 to 44 were never married and illegitimacy among blacks was 22 percent. Today, the never-married rate is 56 percent and illegitimacy stands at 70 percent. If today's black family structure were what it was in 1960, the overall black poverty rate would be in or near single digits. The weakening of the black family structure, and its devastating consequences, have nothing to do with the history of slavery or racial discrimination.

Dr. Charles Murray, an American Enterprise Institute scholar, argues in an article titled "Rediscovering the Underclass" in the Institute's On the Issues series (October 2005) that self-destructive behavior has become the hallmark of the underclass. He says that unemployment in the underclass is not caused by the lack of jobs but by the inability to get up every morning and go to work. In 1954, the percentage of black males, age 20 to 24, not looking for work was nine percent. In 1999, it rose to 30 percent, and that was at a time when employers were beating the bushes for employees. Murray adds that "the statistical reality is that people who get into the American job market and stay there seldom remain poor unless they do something self-destructive.

I share Murray's sentiment expressed at the beginning of his article where he says, "Watching the courage of ordinary low-income people as they deal with the aftermath of Katrina and Rita, it is hard to decide which politicians are more contemptible -- Democrats who are rediscovering poverty and blaming it on George W. Bush, or Republicans who are rediscovering poverty and claiming that the government can fix it." Since President Johnson's War on Poverty, controlling for inflation, the nation has spent $9 trillion on about 80 anti-poverty programs. To put that figure in perspective, last year's U.S. GDP was $11 trillion; $9 trillion exceeds the GDP of any nation except the U.S. Hurricanes Katrina and Rita uncovered the result of the War on Poverty -- dependency and self-destructive behavior.

Guess what the president [President George Walker Bush] and politicians from both parties are asking the American people to do? If you said, "Enact programs that will sustain and enhance dependency," go to the head of the class.

Ammunition For Poverty Pimps

 

[francoHFW]

Detroit went to hell like the rest of the rust belt. Industry left and white flight. And of course racism THAT COUNTS, against blacks from the GOP mainly- along with the usual pander to the rich GOP policies, dupes.

Why then are so many major auto manufacturers located in the South? The auto unions priced their workers out of the market.

New BS GOP code for black control of government...also just non-socialist (= stupid, unregulated) migration of population and industry...and mainly pander to the rich GOP policy.

 

[francoHFW]

There were a lot more factors involved in the. housing market collaspe than the CRA. The Bush baby exacerbated the problem by adding. a "no money down"
stipulation .

Barney Frank and Chris Dodd mandated that Fannie Mae and Freddie Mac INCREASE the percentage of high-risk loans in their portfolio. Those forced regulations made those same far less rigid requirements available to everyone.

Updated below for national site. 3/9/17


Just to remind all our FRIENDS from the far left, the responsibility for this mess lies with Jimmy Carter, Bill Clinton, Barney Frank and Chris Dodd. AND WITH REPUBLICANS for backing off every time Barney Frank and his cronies played…THE RACE CARD! The housing bubble is what led to the downfall and that was driven by Democrats, starting with Jimmy Carter and hugely expanded by Bill Clinton. Here are the facts, once again, for you to ignore….

HUD TO FIGHT DISCRIMINATION, BOOST MINORITY HOMEOWNERSHIP AND WORK WITH URBAN LEAGUE TO FURTHER GOALS
August 5, 1997
HUD to Fight Discrimination, Boost Minority Homeownership and Work With Urban League to Further Goals - Free Online Library


New York Times - 1999
Fannie Mae Eases Credit To Aid Mortgage Lending -
Fannie Mae Eases Credit To Aid Mortgage Lending



President Bush’s and the Administrations Unheeded Warnings About the Systemic Risk Posed by the GSEs – Fannie and Freddie dating back to 2001
Just the Facts: The Administration’s Unheeded Warnings About the Systemic Risk Posed by the GSEs


By Elliot Blair Smith,
USA TODAY
Fannie Mae to pay $400 million fine
http://www.bloomberg.com/apps/news?pid=newsarchive&refer=columnist_hassett&sid=aSKSoiNbnQY0
Franklin Raines was Director of the Office of Management and Budget under Clinton and returned to Fannie Mae as its CEO in 1999. Raines is not a “chief” economic adviser for President Barack Hussein Obama but has advised the administration on mortgage and housing matters. Obama had hired another former Fannie CEO, Jim Johnson as a member of Obama’s V.P. search committee and who was forced to quit under fire.

Bloomberg News -
How the Democrats Created the Financial Crisis -
http://www.bloomberg.com/apps/news?pid=newsarchive&refer=columnist_hassett&sid=aSKSoiNbnQY0

Democrats in their own words covering up the Fannie Mae, Freddie Mac



Timeline shows Bush, McCain warning Democrats of Financial Crisis



From the New York Times
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON
Published: September 11, 2003 WASHINGTON,

Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.


Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.


The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.


The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.


Read more: New Agency Proposed to Oversee Freddie Mac and Fannie Mae

Total pile of crap, dupe. Funny how F+F's share of the market was halved in 2003-4 and GOP crony private institutions (Countrywide etc) started selling toxic loans to ANYONE BREATHING with regulators looking the other way.

 

[mudwhistle]

California by itself is the 6th biggest economy in the world....innovation comes from here, best brains, most productive, you name it, we got it.

It clearly doesn't have the "best brains". If it did - it wouldn't be a shit hole state with $80 billion in debt and people fleeing in record numbers. If California had the "best brains", they could figure out how to keep the electricity on.

Democrats want us to get used to living in a constant state of depression.
High crime, low pay, high taxes, poor living conditions.
They want everyone to get used to drug addicts breaking into our homes.
They want everyone to get used to rolling blackouts.
They want everyone to get used to health care, gas, electricity, and water rationing.

 

[rightwinger]

The war on poverty did not cause the dissolution of black families

Lie

BY WALTER E. WILLIAMS
RELEASE: WEDNESDAY, OCTOBER 26, 2005, AND THEREAFTER
AMMUNITION FOR POVERTY PIMPS

In the wake of Hurricane Katrina's destruction of New Orleans, President Bush gave America's poverty pimps and race hustlers new ammunition. The president said, "As all of us saw on television, there is also some deep, persistent poverty in this region as well. And that poverty has roots in a history of racial discrimination, which cut off generations from the opportunity of America. We have a duty to confront this poverty with bold action."

The president's espousing such a vision not only supplies ammunition to poverty pimps and race hustlers, it focuses attention away from the true connection between race and poverty.

Though I grow weary of pointing it out, let's do it again. Let's examine some numbers readily available from the Census Bureau's 2004 Current Population Survey and ask some questions. There's one segment of the black population that suffers only a 9.9 percent poverty rate, and only 13.7 percent of its under-5-year-olds are poor. There's another segment that suffers a 39.5 percent poverty rate, and 58.1 percent of its under-5-year-olds are poor. Among whites, one segment suffers a 6 percent poverty rate, and only 9.9 percent of its under-5-year-olds are poor. The other segment suffers a 26.4 percent poverty rate, and 52 percent of its under-5-year-olds are poor. What do you think distinguishes the high and low poverty populations among blacks?

Would you buy an explanation that it's because white people practice discrimination against one segment of the black population and not the other or one segment had a history of slavery and not the other? You'd have to be a lunatic to buy such an explanation. The only distinction between both the black and white populations is marriage -- lower poverty in married-couple families.

In 1960, only 28 percent of black females ages 15 to 44 were never married and illegitimacy among blacks was 22 percent. Today, the never-married rate is 56 percent and illegitimacy stands at 70 percent. If today's black family structure were what it was in 1960, the overall black poverty rate would be in or near single digits. The weakening of the black family structure, and its devastating consequences, have nothing to do with the history of slavery or racial discrimination.

Dr. Charles Murray, an American Enterprise Institute scholar, argues in an article titled "Rediscovering the Underclass" in the Institute's On the Issues series (October 2005) that self-destructive behavior has become the hallmark of the underclass. He says that unemployment in the underclass is not caused by the lack of jobs but by the inability to get up every morning and go to work. In 1954, the percentage of black males, age 20 to 24, not looking for work was nine percent. In 1999, it rose to 30 percent, and that was at a time when employers were beating the bushes for employees. Murray adds that "the statistical reality is that people who get into the American job market and stay there seldom remain poor unless they do something self-destructive.

I share Murray's sentiment expressed at the beginning of his article where he says, "Watching the courage of ordinary low-income people as they deal with the aftermath of Katrina and Rita, it is hard to decide which politicians are more contemptible -- Democrats who are rediscovering poverty and blaming it on George W. Bush, or Republicans who are rediscovering poverty and claiming that the government can fix it." Since President Johnson's War on Poverty, controlling for inflation, the nation has spent $9 trillion on about 80 anti-poverty programs. To put that figure in perspective, last year's U.S. GDP was $11 trillion; $9 trillion exceeds the GDP of any nation except the U.S. Hurricanes Katrina and Rita uncovered the result of the War on Poverty -- dependency and self-destructive behavior.

Guess what the president [President George Walker Bush] and politicians from both parties are asking the American people to do? If you said, "Enact programs that will sustain and enhance dependency," go to the head of the class.

Ammunition For Poverty Pimps

You fail to establish cause and effect. Just because more blacks grew up in single parent households after the war on poverty doesn't prove the war on poverty caused it.

The real reason was the job market for black fathers dried up. All those auto assembly jobs in Detroit allowed you to support a family. Share cropping allowed you to support a family

Once those jobs dried up......the family structure disintegrated
All welfare did was provide those families a place to live and food on the table

 

[IsaacNewton]

Another thread of cons whining about California. We're glad you are so concerned for CA but we were just awarded the Summer Olympics for 2028 in Los Angeles. Again. I wonder why Dallas, or Kansas City, or maybe Chattanooga never get the Olympics? Can't afford to host them? I mean this is the third time Los Angeles is hosting. I would think a city other than Atlanta in the entire US could swing it. No worries, CA can handle it easily. And it's LA, always a good show there.

And how about cons who are so concerned with Detroit, bless their souls. They live in red states that take federal welfare dollars far more than blue states but they're always looking out for Detroit and Chicago. Just good people I guess.

What Olympics, in modern history, have come in on time, under budget and did NOT LOSE billions of dollars?

Is it true that even California was forced to dump their foolish idea for single payer health care? Wow, must be really bad for California to bail on the idea.

Another who is so concerned about a particular state. Good for you, you should send your best wishes to LA and to Sacramento on their great success with the Olympics, you know like a true American would.

 

[Issa]

We got Disney, six flags, universal studios, best stadiums, best beaches, best companies, best schools, best farms, best national parks, best economy, best port, we have Tesla lol....what else can one ask for?

Then why are so many people and corporations leaving California for Texas and Florida among other states? You didn't mention the highest taxes and highest debt.

If one business or a person there is one to replace him. Trust me things are great....biggest indication, people are selling their house for more than the asking price, very limited inventory, dunno who knows anyone who is jobless. California is for those who are willing to work hard and are ambitious. We contribute 14% to the US GDP and we deserve a lot of respect.

 

[Soggy in NOLA]

Godspeed.

 

[Markle]

If one business or a person there is one to replace him. Trust me things are great....biggest indication, people are selling their house for more than the asking price, very limited inventory, dunno who knows anyone who is jobless. California is for those who are willing to work hard and are ambitious. We contribute 14% to the US GDP and we deserve a lot of respect.

The "biggest indication" most certainly NOT that people are selling their house for more than the asking price. That market is overloaded with amateurs. People who will pay more than asking price are fools and are expecting to do the same when they sell the house. Remember 2007?

What you contribute to the GDP is of little relevance compared to the massive debt you have and that California is, sooner or later, is going to demand the rest of the countries tax payers bail you out of your obscene debt.

Corporations and citizens are leaving the beautiful state because of your taxes and cost of living.