Feb jobs report

[Faun]

Timeline shows Bush, McCain warning Dems of financial and housing crisis!

You mean while Republicans controlled Congress -- so what bills did Republicans pass between 2001-2006 to stave the financial collapse?

Oh, that's right -- none.

 

[The Purge]

Who fought the GOP effort?

Why the GOP of course!
As you well know the GOP blocked EVERY reform bill from coming to the floor for a vote in the GOP controlled Congress

Only a Communist could lie like this and think he could get away with it!

Democrats Were Wrong on Fannie Mae and Freddie Mac
U.S. News & World Report
Oct 6, 2008 · That bill, which the Democrats stopped from passing, would have prohibited the GSEs from speculating on the mortgage-based securities they

 

[The Purge]

Timeline shows Bush, McCain warning Dems of financial and housing crisis!

You mean while Republicans controlled Congress -- so what bills did Republicans pass between 2001-2006 to stave the financial collapse?

Oh, that's right -- none.

DeathRATS BLOCKED ALL THE BILLS AS THE ABOVE SHOWS.....STUPID ABNORMALS!

 

[edthecynic]

Hoping for the worst when not in power, that's where we are now.

Don't you mean where we have always been, Mr Both Sides Do It?

November 5, 2008
RUSH: I hope all your Joe the Plumbers are unemployed in six months! There.

October 31, 2008
RUSH: Joe the Plumber. Now, Joe the Plumber is an average citizen

February 13, 2009
I Hope the Stimulus Package Fails
RUSH: I hope it prolongs the recession.

 

[Jitss617]

I’d have to go back and look at the circumstances .. it it’s no surprise democrats take over and jobs plummeted

Utter horseshit.

When pseudocons were howling over lukewarm jobs reports under Obama on this forum, not a single fucking one of them said, "Well, that's because Republicans are in charge in the Senate."

No one is buying your horseshit, kid.

Because republicans have a history of creating jobs,, democrats destroyed jobs look at Amazon in NYC

Because republicans have a history of creating jobs,, democrats destroyed jobs look at Amazon in NYC

If Republicans have such a great record of creating jobs and a thriving economy, explain how Hoover's 71st Congress of GOP geniuses in the House and Senate let an unemployment rate of 3.3% slip down to 23.6% in their last year in office, the worst recorded inflation rate of the century of -12.9% after their four years and stagnate the the economy by reducing the inflation rate +0.6% to -10.3% over the Hoover 4 year administration. ~~ Compare Today's Unemployment with the Past ~~

Hoover's inept administration ushered in the Great Depression, fool! And remember, Bush 43 (GOP) was at the helm for ~ seven (7) years before the wheels came off last time!

So before you go shooting your bullshit loaded finger tips off lauding the GOP tribe's accomplishments, check your fucking facts for some truth. All factions have their own bloody skeletons that can't rise to the glossed over exaggerations of their puffed up sycophants and piss drinkers like yourself!

Detroit, Chicago, Baltimore, Boston, New York, California, Camden, dc.... all
Democrats all shit holes..

The new deal destroyed black families.. unions have destroyed small businesses... just facts

Detroit, Chicago, Baltimore, Boston, New York, California, Camden, dc.... all
Democrats all shit holes..

The new deal destroyed black families.. unions have destroyed small businesses... just facts

And what the fuck does that hometown bullshit have to do with your bullshit claim about your GOP Tribe's inflated history of erroneous prowess vis-à-vis economic excellence and job creation!

You're as knowledgeable as an fucking empty vessel, Boi, spouting empty jargon from the empty mind of a fucking Orange Clown! Be a good little lemming and look over to your right at the cliff edge and have a good trip, Idiot!

Lol some one is suffering from trump derangement syndrome haha

 

[The Purge]

Hoping for the worst when not in power, that's where we are now.

Don't you mean where we have always been, Mr Both Sides Do It?

November 5, 2008
RUSH: I hope all your Joe the Plumbers are unemployed in six months! There.

October 31, 2008
RUSH: Joe the Plumber. Now, Joe the Plumber is an average citizen

February 13, 2009
I Hope the Stimulus Package Fails
RUSH: I hope it prolongs the recession.

Rush said it with sarcasm but you always take stuff and lie about it!....ROTFLMFAO!!!....Braindead and thinks everyone else is!

 

[Muhammed]

Any Trumpettes want to talk about this yet?

Whats the numbers?

Wages are up and unemployment is down.

 

[Markle]

U.S. Economy Loses Steam, Adding Only 20,000 Jobs Last Month

Worst Feb for jobs since 2010. Less than 8% of the average jobs created in Feb over the last 8 years.

Trump’s trade war damage is expanding past the financial markets.

As you know, this report is TERRIFIC news. It proves that our employment is as close to full as possible. This is shown by the amazing jump in WAGES. We have more jobs than workers and companies are having to pay more for their workers. That is light years better than government interfering.

Your far left source NPR somehow failed to include this in their headline although it did appear far down in the article.

"Average earnings in February were 3.4 percent higher than a year earlier, growing to $27.66 per hour. That's a noticeable pickup from January's year-over-year gain of 3.1 percent. Economists have been looking for signs that wages are growing more given the low unemployment rate and employers finding it difficult to fill positions."

U.S. Economy Loses Steam, Adding Only 20,000 Jobs Last Month

 

[edthecynic]

Oct 6, 2008 · That bill, which the Democrats stopped from passing, would have prohibited the GSEs from speculating on the mortgage-based securities they

If you are talking about HR 1461 or S 190 (I noticed you didn't cite the bill number and neither did your source) both bills were blocked by in committee the GOP who controlled ALL committees, so you are just covering your first lie with another lie, so typical of the lying scum Right.

In 2005 Oxley tried again and this time got a reform bill through the House. Democrats unanimously supported HR 1461 in the Financial Services Committee. A majority of Democrats supported it on the floor, though Congressman Frank and others voted against it because of unrelated restrictions it placed on the Affordable Housing Trust Fund. The bill passed the House, but the Bush administration and Senate Republicans opposed the Oxley bill. Senate Democrats offered the House‐passed Oxley bill in that chamber, but Senate Republicans, who held the majority, lacked the votes to pass the bill. They took no action on any bill.

On September 14, 2006, members of the House Financial Services Committee who had supported GSE reform, including Congressman Frank, sent a letter to then‐Senate Banking Committee Chairman
Richard Shelby urging the Senate to work with them to get a pill passed into law. The letter stated:

Accounting violations by the GSEs have brought to light the fact that current GSE regulators lack
many of the supervisory and enforcement powers bank regulators can wield. We must remedy
this situation by consolidating GSE regulation and providing the tools needed to oversee these
large, complex financial institutions. Both H.R. 1461 and S. 190 create a strong independent
agency to ensure the GSEs operate in a safe and sound manner and comply with their statutory
missions.
However, as Oxley told the Financial Times in September 2008, the White House gave House
Republicans “the one‐finger salute.”

Statement of Administration Policy: H.R. 1461 - Federal Housing Finance Reform Act of 2005 | The American Presidency Project
H.R. 1461 fails to include key elements that are essential to protect the safety and soundness of the housing finance system and the broader financial system at large. As a result, the Administration opposes the bill.

 

[Markle]

Economics are all ABOUT the number jackass

Good, and those numbers are incredibly GREAT!

 

[edthecynic]

Hoping for the worst when not in power, that's where we are now.

Don't you mean where we have always been, Mr Both Sides Do It?

November 5, 2008
RUSH: I hope all your Joe the Plumbers are unemployed in six months! There.

October 31, 2008
RUSH: Joe the Plumber. Now, Joe the Plumber is an average citizen

February 13, 2009
I Hope the Stimulus Package Fails
RUSH: I hope it prolongs the recession.

Rush said it with sarcasm but you always take stuff and lie about it!....ROTFLMFAO!!!....Braindead and thinks everyone else is!

LIAR!
August 23, 2010
RUSH: I don't say something I don't mean. I live in Literalville.

 

[Markle]

Well well look who took Over the house last month? Democrats no wonder the job numbers are down..

Then what is to blame for the even lower month in Sept of 2017 when the GOP controlled both sides of congress?

Or May of 2016 when the GOP controlled both sides of congress?


Sent from my iPhone using USMessageBoard.com

I’d have to go back and look at the circumstances .. it it’s no surprise democrats take over and jobs plummeted

Utter horseshit.

When pseudocons were howling over lukewarm jobs reports under Obama on this forum, not a single fucking one of them said, "Well, that's because Republicans are in charge in the Senate."

No one is buying your horseshit, kid.

Because republicans have a history of creating jobs,, democrats destroyed jobs look at Amazon in NYC

Because republicans have a history of creating jobs,, democrats destroyed jobs look at Amazon in NYC

If Republicans have such a great record of creating jobs and a thriving economy, explain how Hoover's 71st Congress of GOP geniuses in the House and Senate let an unemployment rate of 3.3% slip down to 23.6% in their last year in office, the worst recorded inflation rate of the century of -12.9% after their four years and stagnate the the economy by reducing the inflation rate +0.6% to -10.3% over the Hoover 4 year administration. ~~ Compare Today's Unemployment with the Past ~~

Hoover's inept administration ushered in the Great Depression, fool! And remember, Bush 43 (GOP) was at the helm for ~ seven (7) years before the wheels came off last time!

So before you go shooting your bullshit loaded finger tips off lauding the GOP tribe's accomplishments, check your fucking facts for some truth. All factions have their own bloody skeletons that can't rise to the glossed over exaggerations of their puffed up sycophants and piss drinkers like yourself!

How long did the Great Depression of 1920/21 last?

FDR's policies caused the 1929 Great Depression to last seven full years longer than was necesssary.

 

[Markle]

He'll have them nigg3rs voting Democrat for the next hundred years ya know

it is always good when people let their true racist self out!

In the sense that Grampa used it, it is racist. And, while LBJ used a racist term when referencing the African Americans, he was also the president who was instrumental in getting civil and voting rights for them. He said it that way because PC wasn't in force at the time and that was a generally used term, but the reason he said they would vote Dem for the next 100 years is because of voting and civil rights.

While the term he used was racist, the sentiment was not.

there is also zero evidence LBJ ever said it.

Yeah, they didn't have Tweet, Facebook and every person in the country has a camera and microphone. None of LBJ's friends have ever denied that it was something he would have said. LBJ frequently used the "N" word, as you well know.

 

[Meathead]

He'll have them nigg3rs voting Democrat for the next hundred years ya know

it is always good when people let their true racist self out!

LBJ? He was a complete fuck up. That's why we''ve got parasites like you and other blacks dependa\nt on our "Great Society".

do not worry little man, I will keep working for about 12 more years to keep funding your welfare checks, then you will have to rely on someone else to mooch off of

Oh, and it is a fake quote...

I'd love to get free stuff just like you, but they don't send it overseas. I could pm you an account where you could send your imaginary contribution from your imaginary job if you like, but I am sure the cost of the international transfer will far exceed any such contribution.

 

[The Purge]

FACT: Liberal Public Policy caused the mortgage crisis by mandating eased requirements for lending, even to people who had no chance of ever paying the loan back. If banks and other lending institutions did not comply, their "score" from the SEC was too low to permit certain business transactions such as merges, etc. This is nothing less than a gun held to the head.

FACT: Many lending institutions were sued or otherwise pressured by ACORN, forcing them to make loans to folks who didn't qualify nor had any chance of ever repaying that loan.

FACT: HUD (Housing and Urban Development) under Andrew Cuomo, head of HUD) browbeat banks to make loans to folks who they knew couldn't pay them back.

FACT: Many lending institutions were sued or otherwise pressured by ACORN, forcing them to make loans to folks who didn't qualify nor had any chance of ever repaying that loan. IN FACT, BARACK OBAMA WAS INVOLVED IN AT LEAST ONE OF THESE LAWSUITS

You Tube

FACT: Fannie Mae's sole purpose for being was to offer a Federal Guarantee of loans. So banks and other lending institutions didn't need to worry about thing. If a loan went bad, Fannie Mae was there to pick up the pieces (until there were too many pieces to pick up)

FACT: The Democrats stacked the operations of Fannie Mae with other Democrats who then cooked the books (FM had to pay MILLIONS in fines to the SEC over this) and took HUNDREDS OF MILLIONS OF DOLLARS in bonuses and funneled MILLIONS in campaign contributions to members of Congress. Franklin Raines (part of the Obama Administration) personally took 90 million dollars despite Fannie Mae's fines and fraud.

FACT: Bill Clinton turned a blind eye to all of this during most of the 90's. In fact, he worsened the situation in 1995 by making the CRA even more lopsided and requiring even MORE bad loans. One thing he did was to force lending institutions to accept up to 31% of one's income for a mortgage whereas previously it was only 25%

FACT: The Democrats who run Fannie Mae took hundreds of millions in bonuses while Congressional Dems provided cover, including Charlie Rangel , Chris Dodd , Barack Obama and Joe Biden.

FACT: Democrat Chris Dodd was #1 recipient with Democrat Barack Obama being #2 in campaign contributions from Fannie Mae and Freddy Mac

FACT: The Democrats blocked every attempt by Republicans to investigate Fannie Mae and its business practices. In fact, the Bush Administration made over 30 attempts over his two terms in office only to have the Democrats block every one through parliamentary procedures as the Republicans, while controlling both Houses, NEVER had a super majority so the Dems could block anything they pleased (case in point - judicial nominees)

http://query.nytimes.com/gst/fullpag...gewanted=print

Quote:
September 11, 2003
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON

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.
Note the date

Quote:
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON

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.
http://www.bucksright.com/bush-propo...n-in-2003-1141

Quote:
A September 11, 2003 New York Times article shows that President Bush proposed “the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.” His proposal: An agency within the Treasury Department to supervise mortgage giants Fannie Mae and Freddie Mac.

Fearing that mortgages would no longer be available to people who were unable to pay them back, Democrats eventually killed the proposal. The current meltdown in the mortgage industry is a direct result of giving mortgages to people who could not pay them back, a practice protected by Congressional Democrats.

Both entities were recently taken over by the government, a move that puts trillions of taxpayer dollars at risk.

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.

But Democrats in Congress, also known as “the caucus perpetually on the wrong side of history,” were having none of this “responsibility” stuff.

”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial ServicesCommittee. ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

Representative Melvin L. Watt, Democrat of North Carolina, agreed.

”I don’t see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,” Mr. Watt said.

The proposal worked its way around Congress for a couple of years. Efforts at reform of the kind proposed by President Bush were shot down by Democrats each time.

In 2005, Republican Mike Oxley, then chairman of the House Financial Services Committee, brought up a reform bill (H.R. 1461), and Fannie and Freddie’s lobbyists set out to weaken it.

[...]

During this period, Sen. Richard Shelby led a small group of legislators favoring reform, including fellow Republican Sens. John Sununu, Chuck Hagel and Elizabeth Dole. Meanwhile, [Democrat in bed with the mortgage industry Chris] Dodd — who along with Democratic Sens. John Kerry, Barack Obama and Hillary Clinton were the top four recipients of Fannie and Freddie campaign contributions from 1988 to 2008 — actively opposed such measures and further weakened existing regulation.

According to OpenSecrets.org, between 1988 and 2008 Dodd received $133,900, Kerry $111,000, Clinton $75,550, and Obama — in only 143 days in the Senate — received a whopping $105,849 from Fannie Mae and Freddie Mac.

Pennsylvania Democrat representative Paul Kanjorksi, who also opposed new Fannie Mae and Freddie Mac regulations, was given more than any other member of the House of Representatives. He was paid $65,500 by representatives of these entities.

And, in case you were wondering, John McCain co-sponsored a bill requiring greater Fannie Mae / Freddie Mac regulation in 2005. It was also blocked procedurally by Democrats.

The 2003 New York Times article was unearthed by a Free Republic poster.

UPDATE: 2004 video posted to YouTube shows Republicans arguing for, and Democrats arguing against, regulations that would have saved us from the current crisis.
http://www.bucksright.com/congressma...ge-crisis-1451

Quote:
Congressman Sorry Democrats Dropped Ball On Mortgage Crisis
Wed, Oct 1, 2008 at 10:55 am Posted by Steven in Economy

After being featured on Hannity & Colmes in a damning 2004 video showing Democrats fighting tooth-and-nail against greater Fannie Mae and Freddie Mac regulations, Democrat Congressman Artur Davis admits Democrats dropped the ball on reigning in the failed institutions and calls on fellow Democrats to do the same.

“Like a lot of my Democratic colleagues, I was too slow to appreciate the recklessness of Fannie Mae and Freddie Mac. I defended their efforts to encourage affordable homeownership, when in retrospect I should have heeded the concerns raised by their regulator in 2004. Frankly, I wish my Democratic colleagues would admit that when it comes to Fannie and Freddie, we were wrong. By the way, I wish my Republican colleagues would admit that they missed the early warning signs that Wall Street deregulation was overheating the securities market and promoting dangerously lax lending practices. When it comes to the debacle in our capital markets, there is much blame to go around for both sides.”

Along with President Clinton, I take issue with Davis’ contention that equal blame exists on both sides. President Bush requested greater oversight in 2003, Republicans are clearly seen in the video fighting for greater oversight in 2004, and John McCain led the charge for greater oversight in 2005. All efforts were rebuffed by Democrats, who demagogued the issue with racial politics that made reform impossible to accomplish. At least they tried. I see no evidence of any push toward greater Fannie Mae / Freddie Mac oversight since the short bus rolled onto Capitol Hill in January 2007.

That said, I appreciate Congressman Davis’ candor in admitting Democrats let their ideology get in the way of what was right for the country.

 

[The Purge]

Hoping for the worst when not in power, that's where we are now.

Don't you mean where we have always been, Mr Both Sides Do It?

November 5, 2008
RUSH: I hope all your Joe the Plumbers are unemployed in six months! There.

October 31, 2008
RUSH: Joe the Plumber. Now, Joe the Plumber is an average citizen

February 13, 2009
I Hope the Stimulus Package Fails
RUSH: I hope it prolongs the recession.

Rush said it with sarcasm but you always take stuff and lie about it!....ROTFLMFAO!!!....Braindead and thinks everyone else is!

LIAR!
August 23, 2010
RUSH: I don't say something I don't mean. I live in Literalville.

It was SARCASM you fucking idiot!

Liberals Twist Sarcastic Rush Riff Into a Call for Segregated Buses!
Rush Limbaugh
Sep 18, 2009 · Liberals Twist Sarcastic Rush Riff Into a Call for Segregated .... I was very upset because there was a big football game that day.

 

[edthecynic]

Hoping for the worst when not in power, that's where we are now.

Don't you mean where we have always been, Mr Both Sides Do It?

November 5, 2008
RUSH: I hope all your Joe the Plumbers are unemployed in six months! There.

October 31, 2008
RUSH: Joe the Plumber. Now, Joe the Plumber is an average citizen

February 13, 2009
I Hope the Stimulus Package Fails
RUSH: I hope it prolongs the recession.

Rush said it with sarcasm but you always take stuff and lie about it!....ROTFLMFAO!!!....Braindead and thinks everyone else is!

LIAR!
August 23, 2010
RUSH: I don't say something I don't mean. I live in Literalville.

It was SARCASM you fucking idiot!

No it wasn't, you lying scum POS!

 

[The Purge]

Hoping for the worst when not in power, that's where we are now.

Don't you mean where we have always been, Mr Both Sides Do It?

November 5, 2008
RUSH: I hope all your Joe the Plumbers are unemployed in six months! There.

October 31, 2008
RUSH: Joe the Plumber. Now, Joe the Plumber is an average citizen

February 13, 2009
I Hope the Stimulus Package Fails
RUSH: I hope it prolongs the recession.

Rush said it with sarcasm but you always take stuff and lie about it!....ROTFLMFAO!!!....Braindead and thinks everyone else is!

LIAR!
August 23, 2010
RUSH: I don't say something I don't mean. I live in Literalville.

It was SARCASM you fucking idiot!

No it wasn't, you lying scum POS!

Well dickhead we will just have to let the members of the forum decide for themselves....whether to believe a communist troll like you who doesnt live in America or ME!

 

[edthecynic]

FACT

FACT: When ever the lying scum Right says something is a "FACT" in all caps, it is ALWAYS a lie.

 

[Markle]

I would add to that the deregulation the bush boy did that allowed Fannie Mae to buy sub prime loans.

It was illegal for Fannie Mae to buy sub prime loans before the bush boy.

Those sub prime loans were bundled with a few good ones and ll were marked prime even though it was known that was a lie. The rational was the good loans would cancel out the bad ones. We all know how that worked out.

Before deregulation, sub prime loans were considered predatory lending and illegal in a lot of states.

My highlight above.

Re-writing history I see.

UPDATED: Obama Sued Citibank Under CRA to Force it to Make Bad Loans
Posted on 03 October 2008

Do you remember how we told you that the Democrats and groups associated with them leaned on banks and even sued to get them to make bad loans under the Community Reinvestment Act which was a factor in causing the economic crisis (see HERE ) … well look at what some fellow bloggers have dug up while researching Obama’s legal career. Looks like a typical ACORN lawsuit to get banks to hand out bad loans.

In these lawsuits, ACORN makes a bogus claim of Redlining (denying poor people loans because of their ethnic heritage). They protest and get the local media to raise a big stink. This stink means that the bank faces thousands of people closing their accounts and get local politicians to lobby to stop the bank from doing some future business, expansions and mergers. If the bank goes to court, they will win, but the damage is already done because who is going to launch a big campaign to get the bank’s reputation back?

It is important to understand the nature of these lawsuits and what their purpose is. ACORN filed tons of these lawsuits and ALL of them allege racism.

Thanks to the IUSB Vision Weblog for providing additional details of this story.

UPDATED: Obama Sued Citibank Under CRA to Force it to Make Bad Loans - Media Circus | Media Circus

Regarding the Democrats actions on Capitol Hill.

Here the Democrats are railing that there is nothing wrong with Fannie and Freddie and to simply leave them alone.