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The jobs went to China because we pay people not to work, and have an educational system that does not prepare people to work.How about cut off all assistance to the able bodied after six months.
not a bad idea but far more humane after we have stopped liberal policies that have driven all the jobs to China.
Yeah, don't forget the min wage, labor and health laws, as well as gutting taxes for the "job creators" in China!
The jobs went to China because we pay people not to work, and have an educational system that does not prepare people to work.How about cut off all assistance to the able bodied after six months.
not a bad idea but far more humane after we have stopped liberal policies that have driven all the jobs to China.
Yeah, don't forget the min wage, labor and health laws, as well as gutting taxes for the "job creators" in China!
a liberal simply lacks the IQ to understand free trade. He wants to ban the importation of bananas so we can develop a huge banana industry with huge employment here. It make perfect sense too!!
The lack of regulations on the private lenders making toxic subprime mortgages was the cause of the 2008 GOP economic collapse.
Everyone unemployed should send Obama a thank you note...remember how he was going to save the world?
Everyone unemployed should send Obama a thank you note...remember how he was going to save the world?
Down to 5.5%
Yes, we should be thanking him
cartoons from an idiot liberal without brains for substanceThe jobs went to China because we pay people not to work, and have an educational system that does not prepare people to work.How about cut off all assistance to the able bodied after six months.
not a bad idea but far more humane after we have stopped liberal policies that have driven all the jobs to China.
Yeah, don't forget the min wage, labor and health laws, as well as gutting taxes for the "job creators" in China!
a liberal simply lacks the IQ to understand free trade. He wants to ban the importation of bananas so we can develop a huge banana industry with huge employment here. It make perfect sense too!!
Talking lack of IQ
Nope 2008 was a direct result of Banksters AND Dubya ignoring the bubble they created Bubba.!
The lack of regulations on the private lenders making toxic subprime mortgages was the cause of the 2008 GOP economic collapse.
1) mortgages were regulated by the Fed
2) mortage money was printed by the Fed without which the bubble would have been 100% impossible
3) Fan /Fred liberals bought the mortgages so banks could create more mortgages
4) liberals had 132 fed/state programs to get people into homes the Republican free market said they could not afford.
5) greedy home owners were just as responsible as greedy lenders
6) govt liberal rating agencies where huge contributors
See why we are positive that a liberal will be slow??
Nope 2008 was a direct result of Banksters AND Dubya ignoring the bubble they created Bubba.!
actually you cant have a huge bubble without the Fed printing money for it. Did you think the Girl Scouts printed the money to buy and bid up the prices on all those homes??
See why we say a lberal will be slow?
The lack of regulations on the private lenders making toxic subprime mortgages was the cause of the 2008 GOP economic collapse.
1) mortgages were regulated by the Fed
2) mortage money was printed by the Fed without which the bubble would have been 100% impossible
3) Fan /Fred liberals bought the mortgages so banks could create more mortgages
4) liberals had 132 fed/state programs to get people into homes the Republican free market said they could not afford.
5) greedy home owners were just as responsible as greedy lenders
6) govt liberal rating agencies where huge contributors
See why we are positive that a liberal will be slow??
Q When did the Bush Mortgage Bubble start?
A The general timeframe is it started late 2004.
From Bushs Presidents Working Group on Financial Markets October 2008
The Presidents Working Groups 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.
Q Did the Community Reinvestment Act under Carter/Clinton caused it?
A "Since 1995 there has been essentially no change in the basic CRA rules or enforcement process that can be reasonably linked to the subprime lending activity. This fact weakens the link between the CRA and the current crisis since the crisis is rooted in poor performance of mortgage loans made between 2004 and 2007. "
http://www.federalreserve.gov/newsevents/speech/20081203_analysis.pdf
"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 DIDN'T 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.
Bush's documented policies and statements in time frame 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 (2004)
Lowering Investment bank capital requirements, Net Capital rule (2004)
Reversing the Clinton rule that restricted GSEs purchases of subprime loans (2004)
Lowering down payment requirements to 0% (2004)
Forcing GSEs to spend an additional $440 billion in the secondary markets (2004)-
Giving away 40,000 free down payments (2004)
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING
But the biggest policy was regulators not enforcing lending standard
FACTS on Dubya s great recession US Message Board - Political Discussion Forum
Conservative Ideology requires either ignorance, stupidity, denial or psychopathology….& maybe all of the above.
The lack of regulations on the private lenders making toxic subprime mortgages was the cause of the 2008 GOP economic collapse.
1) mortgages were regulated by the Fed
2) mortage money was printed by the Fed without which the bubble would have been 100% impossible
3) Fan /Fred liberals bought the mortgages so banks could create more mortgages
4) liberals had 132 fed/state programs to get people into homes the Republican free market said they could not afford.
5) greedy home owners were just as responsible as greedy lenders
6) govt liberal rating agencies where huge contributors
See why we are positive that a liberal will be slow??
Q When did the Bush Mortgage Bubble start?
A The general timeframe is it started late 2004.
From Bushs Presidents Working Group on Financial Markets October 2008
The Presidents Working Groups 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.
Q Did the Community Reinvestment Act under Carter/Clinton caused it?
A "Since 1995 there has been essentially no change in the basic CRA rules or enforcement process that can be reasonably linked to the subprime lending activity. This fact weakens the link between the CRA and the current crisis since the crisis is rooted in poor performance of mortgage loans made between 2004 and 2007. "
http://www.federalreserve.gov/newsevents/speech/20081203_analysis.pdf
"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 DIDN'T 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.
Bush's documented policies and statements in time frame 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 (2004)
Lowering Investment bank capital requirements, Net Capital rule (2004)
Reversing the Clinton rule that restricted GSEs purchases of subprime loans (2004)
Lowering down payment requirements to 0% (2004)
Forcing GSEs to spend an additional $440 billion in the secondary markets (2004)-
Giving away 40,000 free down payments (2004)
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING
But the biggest policy was regulators not enforcing lending standard
FACTS on Dubya s great recession US Message Board - Political Discussion Forum
Conservative Ideology requires either ignorance, stupidity, denial or psychopathology….& maybe all of the above.
low IQ liberal does not know what Fed is so cant say what it had to do with crisis.
got it !!Fed Fred Fan and 132 programs to get people into homes the Republican free market said they could not afford had nothing to do with the crisis of people being in homes they could not afford!!The lack of regulations on the private lenders making toxic subprime mortgages was the cause of the 2008 GOP economic collapse.
1) mortgages were regulated by the Fed
2) mortage money was printed by the Fed without which the bubble would have been 100% impossible
3) Fan /Fred liberals bought the mortgages so banks could create more mortgages
4) liberals had 132 fed/state programs to get people into homes the Republican free market said they could not afford.
5) greedy home owners were just as responsible as greedy lenders
6) govt liberal rating agencies where huge contributors
See why we are positive that a liberal will be slow??
Q When did the Bush Mortgage Bubble start?
A The general timeframe is it started late 2004.
From Bushs Presidents Working Group on Financial Markets October 2008
The Presidents Working Groups 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.
Q Did the Community Reinvestment Act under Carter/Clinton caused it?
A "Since 1995 there has been essentially no change in the basic CRA rules or enforcement process that can be reasonably linked to the subprime lending activity. This fact weakens the link between the CRA and the current crisis since the crisis is rooted in poor performance of mortgage loans made between 2004 and 2007. "
http://www.federalreserve.gov/newsevents/speech/20081203_analysis.pdf
"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 DIDN'T 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.
Bush's documented policies and statements in time frame 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 (2004)
Lowering Investment bank capital requirements, Net Capital rule (2004)
Reversing the Clinton rule that restricted GSEs purchases of subprime loans (2004)
Lowering down payment requirements to 0% (2004)
Forcing GSEs to spend an additional $440 billion in the secondary markets (2004)-
Giving away 40,000 free down payments (2004)
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING
But the biggest policy was regulators not enforcing lending standard
FACTS on Dubya s great recession US Message Board - Political Discussion Forum
Conservative Ideology requires either ignorance, stupidity, denial or psychopathology….& maybe all of the above.
low IQ liberal does not know what Fed is so cant say what it had to do with crisis.
One day you will post something accurate or on point and I'll have a heart attack Bubba!
Everyone unemployed should send Obama a thank you note...remember how he was going to save the world?
Down to 5.5%
Yes, we should be thanking him
Dear its down to 5.5 because so many gave up looking for work. Don't forget u6 is 11% and incomes are down for those who work.
Think before you post please.
What makes you think a U6 of 11% is bad?
What makes you think a U6 of 11% is bad?
all agree its very very bad because its 40% higher than before Barry's recession. Falling income is bad too. Did you know that?
What makes you think a U6 of 11% is bad?
all agree its very very bad because its 40% higher than before Barry's recession. Falling income is bad too. Did you know that?
Yep, 8 years of Dubya/GOP "job creator" policy put US in a WIDE AND DEEP hole right? lol
got it !!Fed Fred Fan and 132 programs to get people into homes the Republican free market said they could not afford had nothing to do with the crisis of people being in homes they could not afford!!The lack of regulations on the private lenders making toxic subprime mortgages was the cause of the 2008 GOP economic collapse.
1) mortgages were regulated by the Fed
2) mortage money was printed by the Fed without which the bubble would have been 100% impossible
3) Fan /Fred liberals bought the mortgages so banks could create more mortgages
4) liberals had 132 fed/state programs to get people into homes the Republican free market said they could not afford.
5) greedy home owners were just as responsible as greedy lenders
6) govt liberal rating agencies where huge contributors
See why we are positive that a liberal will be slow??
Q When did the Bush Mortgage Bubble start?
A The general timeframe is it started late 2004.
From Bushs Presidents Working Group on Financial Markets October 2008
The Presidents Working Groups 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.
Q Did the Community Reinvestment Act under Carter/Clinton caused it?
A "Since 1995 there has been essentially no change in the basic CRA rules or enforcement process that can be reasonably linked to the subprime lending activity. This fact weakens the link between the CRA and the current crisis since the crisis is rooted in poor performance of mortgage loans made between 2004 and 2007. "
http://www.federalreserve.gov/newsevents/speech/20081203_analysis.pdf
"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 DIDN'T 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.
Bush's documented policies and statements in time frame 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 (2004)
Lowering Investment bank capital requirements, Net Capital rule (2004)
Reversing the Clinton rule that restricted GSEs purchases of subprime loans (2004)
Lowering down payment requirements to 0% (2004)
Forcing GSEs to spend an additional $440 billion in the secondary markets (2004)-
Giving away 40,000 free down payments (2004)
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING
But the biggest policy was regulators not enforcing lending standard
FACTS on Dubya s great recession US Message Board - Political Discussion Forum
Conservative Ideology requires either ignorance, stupidity, denial or psychopathology….& maybe all of the above.
low IQ liberal does not know what Fed is so cant say what it had to do with crisis.
One day you will post something accurate or on point and I'll have a heart attack Bubba!
See why we say the liberal is slow?
What makes you think a U6 of 11% is bad?
all agree its very very bad because its 40% higher than before Barry's recession. Falling income is bad too. Did you know that?
Yep, 8 years of Dubya/GOP "job creator" policy put US in a WIDE AND DEEP hole right? lol
actually dear Obama is president now. What planet are you on??
Yep, and his economic policy has almost turned US around?
