More economic GOOD News...DOW hits new record..on track to hit 17K.

[Spoonman]

NEWS FLASH: THE MAJORITY LEADERS OF THE PARTY IN POWER HAVE ALL THE POWER. Politicians oppose each other just to score political points. But the party in power is responsible for what happens or gets done on their watch. Republicans wanted this housing bubble & deregulation, created the bill passed it & Clinton signed it with condition that it created the CFPB to regulate the banks & lending. Bush & the Republicans squashed the CFBP so their runaway train had no brakes. The Republicans pushed hard for home ownership society, because they thought homeowners would become their ideal personally responsible citizens & voting block.

[youtube]kNqQx7sjoS8[/youtube][youtube]iqoeYydrMTw[/youtube]

President Bush - Mobilizing the Private Sector: America's Homeownership Challenge

* Establish a national goal of at least 5.5 million new minority homeowners before the end of the decade.

* Challenge the private sector real estate and mortgage finance industries to dramatically increase their efforts to reduce the barriers to homeownership faced by minority families and to work with the nonprofit sector in a concerted effort to achieve this goal through national and local partnerships.

* Convene a White House Conference on Increasing Minority Homeownership, to highlight the homeownership barriers faced by minorities and develop proposed solutions.

* A substantial increase of at least $440 billion in the financial commitment made by the government-sponsored enterprises involved in the secondary mortgage market, specifically targeted toward the minority market;

* Twenty-five different local initiatives to be undertaken across the nation, geared toward eliminating the specific homeownership barriers faced by minority families in those communities;

* A commitment to raise $750 million in below-market-rate investments by 2007, which will work in collaboration with local homeownership initiatives and be targeted to heavily minority program areas;

* Pursuing strategic partnerships in 20 top housing markets between homebuilders, lenders, local officials, and community leaders to develop approaches that address the local challenges to building homes for minority families living in urban centers;

* Aggressively developing new mortgage products so that conventional market alternatives are available to combat the predatory loan products that are disproportionately targeted to minorities;

* Creating new mortgage products to meet the unique needs of recent immigrants;

* Establishing multilingual, consumer-oriented internet Web sites designed to help minorities overcome barriers to homeownership, including creation of a central data bank of affordable housing programs made available to real estate agents when working with clients.

December 16, 2003 President Bush signed into law the American Dream Downpayment Act which will help approximately 40,000 families a year with their down payment and closing costs, and further strengthen America's housing market. This legislation complements the President's aggressive housing agenda announced in 2002 to dismantle the barriers to homeownership. Today, the Department of Housing and Urban Development (HUD) and the Census Bureau released data showing that new home construction in November reached its highest level in nearly 20 years.

President Bush 2004 - Fact Sheet: America's Ownership Society: Expanding Opportunities

* American Dream Downpayment Initiative, which provides down payment assistance to approximately 40,000 low-income families;

* Affordable Housing. The President has proposed the Single-Family Affordable Housing Tax Credit, which would increase the supply of affordable homes;

* Helping Families Help Themselves. The President has proposed increasing support for the Self-Help Homeownership Opportunities Program; and Simplifying Homebuying and Increasing Education.

* The President and HUD want to empower homebuyers by simplifying the home buying process so consumers can better understand and benefit from cost savings. The President also wants to expand financial education efforts so that families can understand what they need to do to become homeowners.

Federal Reserve chairman Alan Greenspan appointed by Bush, near the peak of the housing bubble in 2004, encouraged Americans to take out adjustable rate mortgages.

so what your saying is the republicans did a great deal to help minorities. a heck of a lot more than the democrats ever did. that's for sure.

 

[KissMy]

we're still waiting for one of you left wing lunatics to show us the bush legislation that brought down the economy. for all your whining about it you think you could provide an example

Bushs biggest failure was his unwillingness to take positive action when the economy began to collapse. He denied we were in a recession until a month before he left office. If Bush had implemented TARP and a stimulus early in 2008 he would have saved us a lot of pain

What could he do, since the democrats controlled the House and Senate, starting in 2007?

The democrats ignored ALL of the warnings.

You, not understanding the government and the separation of powers do not know the president in this country is not a king.

Unlike of course your pathetic lying sack of shit in chief in the white house now.

Go ahead, keep ignoring all of the official warnings put out by the Bush administration as documented by the white house archives. I have provided them to you.

You, ignoring those warnings speaks volumes to me.

Asshole.

Home construction tanked 40% in 2005, 2 years before Democrats took congress. Republicans ideology blinded them to the failure they created. Republicans had total power & refused to fix anything. Majority leaders decide what bills come to the floor & get voted on. They were all republicans.

 

[Spoonman]

FAIL

Show Obama legislation and effect

we're still waiting for one of you left wing lunatics to show us the bush legislation that brought down the economy. for all your whining about it you think you could provide an example

Bushs biggest failure was his unwillingness to take positive action when the economy began to collapse. He denied we were in a recession until a month before he left office. If Bush had implemented TARP and a stimulus early in 2008 he would have saved us a lot of pain

so what you really mean is the obstructionist democrats who controlled both houses of congress did nothing. remember, congress writes the laws, not the president. we all know the democrats forces the failure of the economy to give the republican president a black eye so their man could get elected in two years. funny how that played out isn't it.

 

[Samson]

we're still waiting for one of you left wing lunatics to show us the bush legislation that brought down the economy. for all your whining about it you think you could provide an example

Bushs biggest failure was his unwillingness to take positive action when the economy began to collapse. He denied we were in a recession until a month before he left office. If Bush had implemented TARP and a stimulus early in 2008 he would have saved us a lot of pain

And you've shown us tons of analysis (with numbers) to support your claims.

Immaterial.

Anyone can rewrite history to accomodate their POV, with or without "numbers"

The Bush presidency was completely consumed with the destruction of the WTC, aftermath, etc. Blaming the previous administration was avoided to rally the country. Meanwhile, Barney Frank allowed Bankers to Go Wild. The distracted White House noticed, but did not act.

After the Great Recession began, Obama arrived with Hope and Change, and many excuses why his policies have been slow to take effect, the primary strategy being to Blame Bush and further divide the government along partisan lines.

 

[KissMy]

NEWS FLASH: THE MAJORITY LEADERS OF THE PARTY IN POWER HAVE ALL THE POWER. Politicians oppose each other just to score political points. But the party in power is responsible for what happens or gets done on their watch. Republicans wanted this housing bubble & deregulation, created the bill passed it & Clinton signed it with condition that it created the CFPB to regulate the banks & lending. Bush & the Republicans squashed the CFBP so their runaway train had no brakes. The Republicans pushed hard for home ownership society, because they thought homeowners would become their ideal personally responsible citizens & voting block.

[youtube]kNqQx7sjoS8[/youtube][youtube]iqoeYydrMTw[/youtube]

President Bush - Mobilizing the Private Sector: America's Homeownership Challenge

* Establish a national goal of at least 5.5 million new minority homeowners before the end of the decade.

* Challenge the private sector real estate and mortgage finance industries to dramatically increase their efforts to reduce the barriers to homeownership faced by minority families and to work with the nonprofit sector in a concerted effort to achieve this goal through national and local partnerships.

* Convene a White House Conference on Increasing Minority Homeownership, to highlight the homeownership barriers faced by minorities and develop proposed solutions.

* A substantial increase of at least $440 billion in the financial commitment made by the government-sponsored enterprises involved in the secondary mortgage market, specifically targeted toward the minority market;

* Twenty-five different local initiatives to be undertaken across the nation, geared toward eliminating the specific homeownership barriers faced by minority families in those communities;

* A commitment to raise $750 million in below-market-rate investments by 2007, which will work in collaboration with local homeownership initiatives and be targeted to heavily minority program areas;

* Pursuing strategic partnerships in 20 top housing markets between homebuilders, lenders, local officials, and community leaders to develop approaches that address the local challenges to building homes for minority families living in urban centers;

* Aggressively developing new mortgage products so that conventional market alternatives are available to combat the predatory loan products that are disproportionately targeted to minorities;

* Creating new mortgage products to meet the unique needs of recent immigrants;

* Establishing multilingual, consumer-oriented internet Web sites designed to help minorities overcome barriers to homeownership, including creation of a central data bank of affordable housing programs made available to real estate agents when working with clients.

December 16, 2003 President Bush signed into law the American Dream Downpayment Act which will help approximately 40,000 families a year with their down payment and closing costs, and further strengthen America's housing market. This legislation complements the President's aggressive housing agenda announced in 2002 to dismantle the barriers to homeownership. Today, the Department of Housing and Urban Development (HUD) and the Census Bureau released data showing that new home construction in November reached its highest level in nearly 20 years.

President Bush 2004 - Fact Sheet: America's Ownership Society: Expanding Opportunities

* American Dream Downpayment Initiative, which provides down payment assistance to approximately 40,000 low-income families;

* Affordable Housing. The President has proposed the Single-Family Affordable Housing Tax Credit, which would increase the supply of affordable homes;

* Helping Families Help Themselves. The President has proposed increasing support for the Self-Help Homeownership Opportunities Program; and Simplifying Homebuying and Increasing Education.

* The President and HUD want to empower homebuyers by simplifying the home buying process so consumers can better understand and benefit from cost savings. The President also wants to expand financial education efforts so that families can understand what they need to do to become homeowners.

Federal Reserve chairman Alan Greenspan appointed by Bush, near the peak of the housing bubble in 2004, encouraged Americans to take out adjustable rate mortgages.

so what your saying is the republicans did a great deal to help minorities. a heck of a lot more than the democrats ever did. that's for sure.

Only if you think bankrupting them, tanking 401Ks, destroying their jobs, causing massive inflation & exploding debt a great deal to help minorities.

Wallstreet made a ton of money on this. Proper regulation would have prevented the inflation, bubble & crash. The CFPB was supposed to be created to regulate this when Glass Steagall & the other regs (that worked great for 70 years) were gutted.

When the FDIC was created to prevent bank runs, bank failure, stabilize the US dollar & prevent another Great Depression by guaranteeing bank deposits, everyone knew we had to regulate to protect those deposits. Because all deposits would naturally flow into the bank paying the highest rate by taking the highest risk. And since the FDIC guarantee eliminated depositors risk, the FDIC & Tax Payers would be on the hook for all the risk when the banks would soon fail & depositors got all the reward. This is why the banks had to be regulated. When they were removed, it was inevitable that tax payers were soon going to get robbed when the banks had to get bailed out.

This was a setup from day one when Glass Steagall was bypassed & creation of the CFPB was squashed & all hell was for certain set lose on the financial system. Every time tax payers are backing something, it must be well regulated or we will get robbed. Wallstreet knew this from history & got Republicans to set the country up to be fleeced again as they have done in the past.

In spring 1972 under the purview of George Romney, a major scandal struck the Federal Housing Administration (FHA). The Government National Mortgage Association (Ginnie Mae) had been responsible for helping the poor buy homes in inner-city areas via government-backed mortgages. This was financed by mortgage-backed securities, the first issues of which Romney had announced in 1970. A number of FHA employees, along with a number of real estate firms and lawyers, were indicted for a scheme in which the value of cheap inner city homes was inflated and sold using those government-backed mortgages to black buyers who could not really afford them, and the government was stuck for the bad loans when owners defaulted.

 

[Faun]

we're still waiting for one of you left wing lunatics to show us the bush legislation that brought down the economy. for all your whining about it you think you could provide an example

BUSH MINORITY HOMEOWNERSHIP PLAN RESTS HEAVILY ON FANNIE AND FREDDIE

When President Bush announced his Minority Homeownership plans last week in Atlanta, his top priorities were new federal programs: a $2.4 billion tax credit to facilitate home purchases by lower-income first-time buyers, and a $200 million national downpayment grant fund.

But none of the new federal programs--if passed by Congress--will come even close to achieving the 5.5 million-household increase in minority homeownership the President set as his target.

Instead, most of the heavy lifting was assigned to two mortgage market players that have sometimes come under fire from Bush administration officials and Congressional Republicans:*Fannie Mae*andFreddie Mac*.

Fannie's and Freddie's commitments are the bedrock core of the President's ambitious plans--but didn't get the headlines. Fannie Mae agreed to increase its already substantial lending efforts to minority families by targeting another $260 billion of mortgage purchases to them during the next nine years. Freddie Mac agreed to buy an additional $180 billion in minority-household home loans during the same period.

Both corporations also announced specific plans to increase home purchases by African-Americans, Hispanics and immigrants. Fannie Mae, for example, pledged to create an entirely new mortgage product “designed to meet the unique needs of New Americans.” The new loan concept would include underwriting changes that remove some of the common barriers immigrants encounter here--denial of credit because of inadequate or short credit histories, reliance on communal funds for downpayment money, and language and cultural issues. Fannie also promised to establish 100 “outreach partnerships” with predominantly-minority churches, mosques and “other faith-based institutions” to fund mortgages for their congregations.

Oh, we have greatly criticized Bush for his liberal policies.

You, being a liberal, blame him for his liberal policies.

Funny.

Please, with your best explanation, explain this.



^^^^^^^^^^^^^^^^

Do you think that in any way contributed to the housing bubble? A real simple yes or no will suffice.

======================================

I will take it that you ignore all of this too, right>?

The White House released this list of attempts by President Bush to reform Freddie Mae and Freddie Mac since he took office in 2001.
Unfortunately, Congress did not act on the president’s warnings:

** 2001

April: The Administration’s FY02 budget declares that the size of Fannie Mae and Freddie Mac is “a potential problem,” because “financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity.”

** 2002

May: The President calls for the disclosure and corporate governance principles contained in his 10-point plan for corporate responsibility to apply to Fannie Mae and Freddie Mac. (OMB Prompt Letter to OFHEO, 5/29/02)

** 2003

January: Freddie Mac announces it has to restate financial results for the previous three years.

February: The Office of Federal Housing Enterprise Oversight (OFHEO) releases a report explaining that “although investors perceive an implicit Federal guarantee of [GSE] obligations,” “the government has provided no explicit legal backing for them.” As a consequence, unexpected problems at a GSE could immediately spread into financial sectors beyond the housing market. (“Systemic Risk: Fannie Mae, Freddie Mac and the Role of OFHEO,” OFHEO Report, 2/4/03)

September: Fannie Mae discloses SEC investigation and acknowledges OFHEO’s review found earnings manipulations.

September: Treasury Secretary John Snow testifies before the House Financial Services Committee to recommend that Congress enact “legislation to create a new Federal agency to regulate and supervise the financial activities of our housing-related government sponsored enterprises” and set prudent and appropriate minimum capital adequacy requirements.

October: Fannie Mae discloses $1.2 billion accounting error.

November: Council of the Economic Advisers (CEA) Chairman Greg Mankiw explains that any “legislation to reform GSE regulation should empower the new regulator with sufficient strength and credibility to reduce systemic risk.” To reduce the potential for systemic instability, the regulator would have “broad authority to set both risk-based and minimum capital standards” and “receivership powers necessary to wind down the affairs of a troubled GSE.” (N. Gregory Mankiw, Remarks At The Conference Of State Bank Supervisors State Banking Summit And Leadership, 11/6/03)

** 2004

February: The President’s FY05 Budget again highlights the risk posed by the explosive growth of the GSEs and their low levels of required capital, and called for creation of a new, world-class regulator: “The Administration has determined that the safety and soundness regulators of the housing GSEs lack sufficient power and stature to meet their responsibilities, and therefore…should be replaced with a new strengthened regulator.” (2005 Budget Analytic Perspectives, pg. 83)

February: CEA Chairman Mankiw cautions Congress to “not take [the financial market's] strength for granted.” Again, the call from the Administration was to reduce this risk by “ensuring that the housing GSEs are overseen by an effective regulator.” (N. Gregory Mankiw, Op-Ed, “Keeping Fannie And Freddie’s House In Order,” Financial Times, 2/24/04)

June: Deputy Secretary of Treasury Samuel Bodman spotlights the risk posed by the GSEs and called for reform, saying “We do not have a world-class system of supervision of the housing government sponsored enterprises (GSEs), even though the importance of the housing financial system that the GSEs serve demands the best in supervision to ensure the long-term vitality of that system. Therefore, the Administration has called for a new, first class, regulatory supervisor for the three housing GSEs: Fannie Mae, Freddie Mac, and the Federal Home Loan Banking System.” (Samuel Bodman, House Financial Services Subcommittee on Oversight and Investigations Testimony, 6/16/04)

** 2005

April: Treasury Secretary John Snow repeats his call for GSE reform, saying “Events that have transpired since I testified before this Committee in 2003 reinforce concerns over the systemic risks posed by the GSEs and further highlight the need for real GSE reform to ensure that our housing finance system remains a strong and vibrant source of funding for expanding homeownership opportunities in America… Half-measures will only exacerbate the risks to our financial system.” (Secretary John W. Snow, “Testimony Before The U.S. House Financial Services Committee,” 4/13/05)

** 2007

July: Two Bear Stearns hedge funds invested in mortgage securities collapse.

August: President Bush emphatically calls on Congress to pass a reform package for Fannie Mae and Freddie Mac, saying “first things first when it comes to those two institutions. Congress needs to get them reformed, get them streamlined, get them focused, and then I will consider other options.” (President George W. Bush, Press Conference, The White House, 8/9/07)

September: RealtyTrac announces foreclosure filings up 243,000 in August – up 115 percent from the year before.

September: Single-family existing home sales decreases 7.5 percent from the previous month – the lowest level in nine years. Median sale price of existing homes fell six percent from the year before.

December: President Bush again warns Congress of the need to pass legislation reforming GSEs, saying “These institutions provide liquidity in the mortgage market that benefits millions of homeowners, and it is vital they operate safely and operate soundly. So I’ve called on Congress to pass legislation that strengthens independent regulation of the GSEs – and ensures they focus on their important housing mission. The GSE reform bill passed by the House earlier this year is a good start. But the Senate has not acted. And the United States Senate needs to pass this legislation soon.” (President George W. Bush, Discusses Housing, The White House, 12/6/07)

** 2008

January: Bank of America announces it will buy Countrywide.

January: Citigroup announces mortgage portfolio lost $18.1 billion in value.

February: Assistant Secretary David Nason reiterates the urgency of reforms, says “A new regulatory structure for the housing GSEs is essential if these entities are to continue to perform their public mission successfully.” (David Nason, Testimony On Reforming GSE Regulation, Senate Committee On Banking, Housing And Urban Affairs, 2/7/08)

March: Bear Stearns announces it will sell itself to JPMorgan Chase.

March: President Bush calls on Congress to take action and “move forward with reforms on Fannie Mae and Freddie Mac. They need to continue to modernize the FHA, as well as allow State housing agencies to issue tax-free bonds to homeowners to refinance their mortgages.” (President George W. Bush, Remarks To The Economic Club Of New York, New York, NY, 3/14/08)

April: President Bush urges Congress to pass the much needed legislation
and “modernize Fannie Mae and Freddie Mac. [There are] constructive things Congress can do that will encourage the housing market to correct quickly by … helping people stay in their homes.” (President George W. Bush, Meeting With Cabinet, the White House, 4/14/08)

May: President Bush issues several pleas to Congress to pass legislation reforming Fannie Mae and Freddie Mac before the situation deteriorates further.

“Americans are concerned about making their mortgage payments and keeping their homes. Yet Congress has failed to pass legislation I have repeatedly requested to modernize the Federal Housing Administration that will help more families stay in their homes, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance sub-prime loans.” (President George W. Bush, Radio Address, 5/3/08)

“[T]he government ought to be helping creditworthy people stay in their homes. And one way we can do that – and Congress is making progress on this – is the reform of Fannie Mae and Freddie Mac. That reform will come with a strong, independent regulator.” (President George W. Bush, Meeting With The Secretary Of The Treasury, the White House, 5/19/08)

“Congress needs to pass legislation to modernize the Federal Housing Administration, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance subprime loans.” (President George W. Bush, Radio Address, 5/31/08)

June: As foreclosure rates continued to rise in the first quarter, the President once again asks Congress to take the necessary measures to address this challenge, saying “we need to pass legislation to reform Fannie Mae and Freddie Mac.” (President George W. Bush, Remarks At Swearing In Ceremony For Secretary Of Housing And Urban Development, Washington, D.C., 6/6/08)

July: Congress heeds the President’s call for action and passes reform of Fannie Mae and Freddie Mac as it becomes clear that the institutions are failing.

In 2005– Senator John McCain partnered with three other Senate Republicans to reform the government’s involvement in lending.
Democrats blocked this reform, too.

Briefing Room | The White House


==============================================


So, you liberals are crushing Bush for his liberal policies. while we do too. You of course ignore all of those official warnings that are documented in the white house archives.

I will wait for you to comment on those official warnings. Oh, and I know you are going to ignore Barney Frank and his role (democrats) in the housing bubble.

Either way, the last time the republicans had majority power, the unemployment rate was 4.6 percent.

The democrats have had majority power since 2007, including a super majority in 2009 and through 2010.

What happened to the economy AFTER Pelosi took control?

Oh, and before you start blaming the republicans in House now for passing spending, that is hardly true. Maybe you have not been up on current events, the House is perpetually being crushed by the left wing pigs in the media for standing in the way of Obama.

Obama is passing more and more shit without congressional approval with executive orders.

Anyway, carry on fucking hypocrites. Shift your arguments so they can fit whatever debate you are debating.

Riiight ... Bush's policies were Liberal just like Obama, s policies are Conservative. :facepalm:

 

[Mac1958]

.

Here we go again.

The Meltdown was wide in its list of culprits, decades in the making and cultural in its DNA.

Blaming something this breathtakingly complicated on one person or one party is absurd.

I realize that partisan ideologues specialize in absurd, but holy crap, come on folks.

.

 

[Faun]

we're still waiting for one of you left wing lunatics to show us the bush legislation that brought down the economy. for all your whining about it you think you could provide an example

Bushs biggest failure was his unwillingness to take positive action when the economy began to collapse. He denied we were in a recession until a month before he left office. If Bush had implemented TARP and a stimulus early in 2008 he would have saved us a lot of pain

What could he do, since the democrats controlled the House and Senate, starting in 2007?

The democrats ignored ALL of the warnings.

You, not understanding the government and the separation of powers do not know the president in this country is not a king.

Unlike of course your pathetic lying sack of shit in chief in the white house now.

Go ahead, keep ignoring all of the official warnings put out by the Bush administration as documented by the white house archives. I have provided them to you.

You, ignoring those warnings speaks volumes to me.

Asshole.

Bush did warn Congress that oversight of the GSE's was needed ... so how do you excuse the Republican Party for not getting that oversight to Bush's desk to sign into law in 2003, 2004, 2005, or 2006?

 

[Spoonman]

This was a setup from day one when Glass Steagall was bypassed & creation of the CFPB was squashed & all hell was for certain set lose on the financial system. Every time tax payers are backing something, it must be well regulated or we will get robbed. Wallstreet knew this from history & got Republicans to set the country up to be fleeced again as they have done in the past.

In spring 1972 under the purview of George Romney, a major scandal struck the Federal Housing Administration (FHA). The Government National Mortgage Association (Ginnie Mae) had been responsible for helping the poor buy homes in inner-city areas via government-backed mortgages. This was financed by mortgage-backed securities, the first issues of which Romney had announced in 1970. A number of FHA employees, along with a number of real estate firms and lawyers, were indicted for a scheme in which the value of cheap inner city homes was inflated and sold using those government-backed mortgages to black buyers who could not really afford them, and the government was stuck for the bad loans when owners defaulted.[/QUOTE]

so basically following the same economic policies established by he Clinton administration. that was a bad thing.

now we want to talk about spending that will put us deeply in debt lets talk Obama's failed economic stimulus package and obamacare.

oh and by the way, the repeal of glass steagall. psssssssst clinton

 

[KissMy]

so basically following the same economic policies established by he Clinton administration. that was a bad thing.

now we want to talk about spending that will put us deeply in debt lets talk Obama's failed economic stimulus package and obamacare.

oh and by the way, the repeal of glass steagall. psssssssst clinton

Stop twisting & spinning. Clinton was on the way out the door when he signed the law to create the CFPB to replace glass steagall this law bypassed. When Bush got into office he stopped the creation of the CFPB.

 

[Sallow]

Bushs biggest failure was his unwillingness to take positive action when the economy began to collapse. He denied we were in a recession until a month before he left office. If Bush had implemented TARP and a stimulus early in 2008 he would have saved us a lot of pain

And you've shown us tons of analysis (with numbers) to support your claims.

Immaterial.

Anyone can rewrite history to accomodate their POV, with or without "numbers"

The Bush presidency was completely consumed with the destruction of the WTC, aftermath, etc. Blaming the previous administration was avoided to rally the country. Meanwhile, Barney Frank allowed Bankers to Go Wild. The distracted White House noticed, but did not act.

After the Great Recession began, Obama arrived with Hope and Change, and many excuses why his policies have been slow to take effect, the primary strategy being to Blame Bush and further divide the government along partisan lines.

They sure enough let Daddy's terrorist destroy it alrighty.

Then used that as a reason to go after "Daddy's assassins".

 

[Samson]

And you've shown us tons of analysis (with numbers) to support your claims.

Immaterial.

Anyone can rewrite history to accomodate their POV, with or without "numbers"

The Bush presidency was completely consumed with the destruction of the WTC, aftermath, etc. Blaming the previous administration was avoided to rally the country. Meanwhile, Barney Frank allowed Bankers to Go Wild. The distracted White House noticed, but did not act.

After the Great Recession began, Obama arrived with Hope and Change, and many excuses why his policies have been slow to take effect, the primary strategy being to Blame Bush and further divide the government along partisan lines.

They sure enough let Daddy's terrorist destroy it alrighty.

Then used that as a reason to go after "Daddy's assassins".

Another typical Saturday afternoon, huh?

 

[Zander]

The Russell 2000 is trading at 75x earnings....

Tesla- which has sold 27,000 cars since it's IPO in 2010- and lost $1 Billion over the past 6 years (the red ink would be far worse without their favorable tax credits) ..is valued at $31 Billion...That's more than General Motors - who sell 27,000 cars a day counting weekends!!

But we have no irrational exuberance or stock bubble....everything is fine!

 

[boedicca]

The Russell 2000 is trading at 75x earnings....

Tesla- which has sold 27,000 cars since it's IPO in 2010- and lost $1 Billion over the past 6 years (the red ink would be far worse without their favorable tax credits) ..is valued at $31 Billion...That's more than General Motors - who sell 27,000 cars a day counting weekends!!

But we have no irrational exuberance or stock bubble....everything is fine!

Big Money on Wall Street places a high value on companies that are funded by oodles of free taxpayer money!

 

[KissMy]

The Russell 2000 is trading at 75x earnings....

Tesla- which has sold 27,000 cars since it's IPO in 2010- and lost $1 Billion over the past 6 years (the red ink would be far worse without their favorable tax credits) ..is valued at $31 Billion...That's more than General Motors - who sell 27,000 cars a day counting weekends!!

But we have no irrational exuberance or stock bubble....everything is fine!

Big Money on Wall Street places a high value on companies that are funded by oodles of free taxpayer money!

Looks like all those horrible regulations have not restricted investment.

 

[Meister]

The Russell 2000 is trading at 75x earnings....

Tesla- which has sold 27,000 cars since it's IPO in 2010- and lost $1 Billion over the past 6 years (the red ink would be far worse without their favorable tax credits) ..is valued at $31 Billion...That's more than General Motors - who sell 27,000 cars a day counting weekends!!

But we have no irrational exuberance or stock bubble....everything is fine!

Big Money on Wall Street places a high value on companies that are funded by oodles of free taxpayer money!

Looks like all those horrible regulations have not restricted investment.

Depends on what sector of the market you are referring to.

 

[Erand7899]

Read it an weep gloom and doom conserverinos!

Dow Average and S&P 500 Hit New Highs
Stocks Notch Records as Beaten-Down Shares Mount a Rally

nvestors snapped up shares of companies large and small, driving major indexes to records and reviving beaten-down technology stocks.

The Dow Jones Industrial Average climbed 112.13 points, or 0.7%, to 16695.47, notching its second record finish in as many sessions and its third new high of 2014. The Dow notched 52 records in 2013.

The S&P 500 added 18.17 points, or 1%, to 1896.65, squeezing out its ninth record close of the year.

That along with a great April jobs report should really be making you folks cry.

It ought to make you cry, since a rising stock market increases wealth inequality. The rich are getting richer. Not to mention that the current stock market is a creation of the Fed and its quantitive easing.

BTW, the April jobs report was not great, in fact it was not even good. It was just better than previous reports. If we see a positive trend over a few months, that will be good. It won't be great until it begins to reduce growing umemployment.

 

[BlackSand]

Big Money on Wall Street places a high value on companies that are funded by oodles of free taxpayer money!

Looks like all those horrible regulations have not restricted investment.

Depends on what sector of the market you are referring to.

Of course regulations restrict investment ... Selective regulation steers investment.
The object is not to continue to invest in market sectors that are unpredictable or undesirable because of regulations.

There are regulations against lead paint ... That would make investing in a lead paint business foolish.

Now we have Federal Regulations that promote a market sector ... Then supply it with matching capital.
It is more like free money for the investor ... As long as they sell before the bottom falls out of the bullshit initiatives and the market sustainability proves to be a pipe dream.

.

 

[Faun]

Read it an weep gloom and doom conserverinos!

Dow Average and S&P 500 Hit New Highs
Stocks Notch Records as Beaten-Down Shares Mount a Rally

nvestors snapped up shares of companies large and small, driving major indexes to records and reviving beaten-down technology stocks.

The Dow Jones Industrial Average climbed 112.13 points, or 0.7%, to 16695.47, notching its second record finish in as many sessions and its third new high of 2014. The Dow notched 52 records in 2013.

The S&P 500 added 18.17 points, or 1%, to 1896.65, squeezing out its ninth record close of the year.

That along with a great April jobs report should really be making you folks cry.

It ought to make you cry, since a rising stock market increases wealth inequality. The rich are getting richer. Not to mention that the current stock market is a creation of the Fed and its quantitive easing.

BTW, the April jobs report was not great, in fact it was not even good. It was just better than previous reports. If we see a positive trend over a few months, that will be good. It won't be great until it begins to reduce growing umemployment.

Then it's great now because unemployment IS shrinking, not growing ...

Bureau of Labor Statistics Data

 

[TemplarKormac]

It is shrinking because hundreds of thousands of people ARE LEAVING THE WORKFORCE. Baby boomer or not. Also, explain why our Labor Force Participation rates sits at a multi decadal low, Faun!

Bureau of Labor Statistics Data

Then you can explain to us why 800,000 people left the workforce last month. You refuse to acknowledge that caveat as well.