More Jobs Created.

[YoursTruly]

When the government borrows a ton of money from the Fed, and pumps it into the economy, everything is going to look good for a while. That's creating the bubble. But the more they do this, the bigger the bubble gets. Which will hurt worse when it busts. And it does bust. It will bust.
If you wanna know what the close future looks like, take a look at trucking. That's an industry that shows how many products are being made, bought, sold and delivered.
Just in 2019,

The 2019 trucking bloodbath.
Thousands of truck drivers have lost their jobs in 2019 as the transportation 'bloodbath' unfolds. Here's the list of the biggest bankrupt trucking companies.

snipped.....

In the first half of 2019, around 640 trucking companies went bankrupt, according to industry data from Broughton Capital LLC. That's more than triple the amount of bankruptcies from the same period last year — 175.

These trucking companies are not folding because of lack of freight. They're folding because of mismanagement.

Celadon bankruptcy biggest of nearly 800 truck company failures this year

"The largest ever trucking sector bankruptcy, Celadon abruptly shut down — leaving more than 3,000 drivers jobless and in many cases stranded with their rigs — amid an accounting scandal that prosecutors say cost shareholders $60 million. "

All 640 trucking companies had mismanagement? You're stupid.

I'm a truck driver. You're not. You know nothing about the industry, I do.

You do realize that a trucking "company" only need have 1 truck?

While it's true that I'm not a truck driver, I am an investor that has and is currently investing in the industry.

As a truck driver, what effects have UBER Brokerage and Amazon Freight done to freight rates?

As a truck driver, what effects have tRumps tariff's done to freight rates?

As a truck driver, you do know the freight rates are down 14% last month compared to one year ago.

As a truck driver, you know that total US freight costs for 2019 were $1.037 trillion. Now subtract 14% and you'll see the problem. Even worse, freight costs in 2018 were $1.5 trillion which is a $364 billion dollar loss to the trucking industry.

Anything else?

You can to back up your numbers? Those are not at all the numbers I know.

Your numbers are a bunch of bullshit. Hell dry van, the most common freight, was UP in December. Lots of them were up. Reefer and flatbed were up 47% and 22% respectively.

Me thinks you need a better financial adviser who actually KNOWS THE NUMBERS.

Current Freight Rates - December 2019 | TCI Business Capital

You better look at that again. Everything from 2018(Nov) to 2019 (Nov) are negatives. Flat bed being almost 50% less. What the information from your own link proves, is that what I stated is correct.
The government pumps a ton of borrowed money into the economy. It makes everything look great. People and businesses think everything is booming and getting better. This is a farce that they don't even realize. All the negatives are just starting to show up. And will get worse.

 

[YoursTruly]

Reagan was arguably the greatest President of the 20th century....We will see in 5 years when Trump is done...

If you were one of those big spending, big government republicans, Reagan was awesome.

But for conservatives, not so much.

 

[YoursTruly]

The US economy created 145,000 jobs in December.

Good for those who landed gigs.

When the government borrows a ton of money from the Fed, and pumps it into the economy, everything is going to look good for a while. That's creating the bubble. But the more they do this, the bigger the bubble gets. Which will hurt worse when it busts. And it does bust. It will bust.
If you wanna know what the close future looks like, take a look at trucking. That's an industry that shows how many products are being made, bought, sold and delivered.
Just in 2019,

The 2019 trucking bloodbath.
Thousands of truck drivers have lost their jobs in 2019 as the transportation 'bloodbath' unfolds. Here's the list of the biggest bankrupt trucking companies.

snipped.....

In the first half of 2019, around 640 trucking companies went bankrupt, according to industry data from Broughton Capital LLC. That's more than triple the amount of bankruptcies from the same period last year — 175.

These trucking companies are not folding because of lack of freight. They're folding because of mismanagement.

Celadon bankruptcy biggest of nearly 800 truck company failures this year

"The largest ever trucking sector bankruptcy, Celadon abruptly shut down — leaving more than 3,000 drivers jobless and in many cases stranded with their rigs — amid an accounting scandal that prosecutors say cost shareholders $60 million. "

All 640 trucking companies had mismanagement? You're stupid.

I'm a truck driver. You're not. You know nothing about the industry, I do.

You do realize that a trucking "company" only need have 1 truck?

Most companies are small companies. But that doesn't change the numbers. There's nothing small about a small business. Even if it's just a one truck company.
If a few companies fall, it could be from mismanagement, bad brokers, bad leasing companies, too much equipment failures and downtime. But when as many fall, as they did last year, and still falling this year, it's sure signs of the bubble about to burst.
You can't minimize the importance of the evidence right in front of you on this one. The scales are open driver. Your pre-pass has been disabled.

 

[Markle]

Liar. Bush and Republicans caused the meltdown. The meltdown was due to the bursting of the real estate bubble; and here's the leader of the Republican party at that time bragging about home ownership...

"Thanks to our policies, home ownership in America is at an all time high" ~ George Bush, 2004 RNC acceptance speech

At the same time, he was talking about homeownership he was proposing an agency to oversee Fannie and Freddie.

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
http://www.thefreelibrary.com/HUD+to+Fight+Discrimination,+Boost+Minority+Homeownership+and+Work...-a019650647

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
Bloomberg Politics - Bloomberg

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 -
Bloomberg - Are you a robot?

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


From USNews and World Report
Barney Frank's Fannie and Freddie Muddle
By Sam Dealey
September 10, 2008

[…]

So five years ago, there was one of those rare moments in Washington when the branches and personalities of government—in this case, the Bush administration—are less interested in protecting or expanding their turf than in fixing a looming catastrophe. What was Frank's response to the proposal?

''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 Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''

[…]

http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle

Wall Street Journal Barney’s Rubble – September 17, 2008
Barney's Rubble


Barney Frank in 2005: What Housing Bubble?



Steve Kroft On Credit Default Swaps And Their Central Role In The Unfolding Economic Crisis -
The Bet That Blew Up Wall Street

All this, in addition to the repeal of the Glass-Steagall Act by President William Jefferson Clinton caused the meltdown.

The end.

A pity for you that the CRA had little to do with the Housing crash.

Except for everything....

LOL

Slobbers a Neanderthal.

The Federal Reserve Board has found no connection between CRA and the subprime mortgage problems. In fact, the Board's analysis (102 KB PDF) found that nearly 60 percent of higher-priced loans went to middle- or higher-income borrowers or neighborhoods, which are not the focus of CRA activity. Additionally, about 20 percent of the higher-priced loans that were extended in low- or moderate-income areas, or to low- or moderate-income borrowers, were loans originated by lenders not covered by the CRA. Our analysis found that only six percent of all higher-priced loans were made by CRA-covered lenders to borrowers and neighborhoods targeted by the CRA. Further, our review of loan performance found that rates of serious mortgage delinquency are high in all neighborhood groups, not just in lower-income areas.

FRB: Did the Community Reinvestment Act (CRA) contribute to foreclosures and the financial crisis? And, is the CRA being reformed?​

 

[OnePercenter]

When the government borrows a ton of money from the Fed, and pumps it into the economy, everything is going to look good for a while. That's creating the bubble. But the more they do this, the bigger the bubble gets. Which will hurt worse when it busts. And it does bust. It will bust.
If you wanna know what the close future looks like, take a look at trucking. That's an industry that shows how many products are being made, bought, sold and delivered.
Just in 2019,

The 2019 trucking bloodbath.
Thousands of truck drivers have lost their jobs in 2019 as the transportation 'bloodbath' unfolds. Here's the list of the biggest bankrupt trucking companies.

snipped.....

In the first half of 2019, around 640 trucking companies went bankrupt, according to industry data from Broughton Capital LLC. That's more than triple the amount of bankruptcies from the same period last year — 175.

These trucking companies are not folding because of lack of freight. They're folding because of mismanagement.

Celadon bankruptcy biggest of nearly 800 truck company failures this year

"The largest ever trucking sector bankruptcy, Celadon abruptly shut down — leaving more than 3,000 drivers jobless and in many cases stranded with their rigs — amid an accounting scandal that prosecutors say cost shareholders $60 million. "

All 640 trucking companies had mismanagement? You're stupid.

I'm a truck driver. You're not. You know nothing about the industry, I do.

You do realize that a trucking "company" only need have 1 truck?

While it's true that I'm not a truck driver, I am an investor that has and is currently investing in the industry.

As a truck driver, what effects have UBER Brokerage and Amazon Freight done to freight rates?

As a truck driver, what effects have tRumps tariff's done to freight rates?

As a truck driver, you do know the freight rates are down 14% last month compared to one year ago.

As a truck driver, you know that total US freight costs for 2019 were $1.037 trillion. Now subtract 14% and you'll see the problem. Even worse, freight costs in 2018 were $1.5 trillion which is a $364 billion dollar loss to the trucking industry.

Anything else?

You can to back up your numbers? Those are not at all the numbers I know.

Your numbers are a bunch of bullshit. Hell dry van, the most common freight, was UP in December. Lots of them were up. Reefer and flatbed were up 47% and 22% respectively.

Me thinks you need a better financial adviser who actually KNOWS THE NUMBERS.

Current Freight Rates - December 2019 | TCI Business Capital

Your link proves my numbers.

Additionally, from your link: The four major elements affecting the trucking market show inbound container shipments are down. The load volume is up. Truck capacity is down, and fuel prices are holding steady.

FYI: That's bad.

 

[Superbadbrutha]

The US economy created 145,000 jobs in December.

Good for those who landed gigs.

When the government borrows a ton of money from the Fed, and pumps it into the economy, everything is going to look good for a while. That's creating the bubble. But the more they do this, the bigger the bubble gets. Which will hurt worse when it busts. And it does bust. It will bust.
If you wanna know what the close future looks like, take a look at trucking. That's an industry that shows how many products are being made, bought, sold and delivered.
Just in 2019,

The 2019 trucking bloodbath.
Thousands of truck drivers have lost their jobs in 2019 as the transportation 'bloodbath' unfolds. Here's the list of the biggest bankrupt trucking companies.

snipped.....

In the first half of 2019, around 640 trucking companies went bankrupt, according to industry data from Broughton Capital LLC. That's more than triple the amount of bankruptcies from the same period last year — 175.

These trucking companies are not folding because of lack of freight. They're folding because of mismanagement.

Celadon bankruptcy biggest of nearly 800 truck company failures this year

"The largest ever trucking sector bankruptcy, Celadon abruptly shut down — leaving more than 3,000 drivers jobless and in many cases stranded with their rigs — amid an accounting scandal that prosecutors say cost shareholders $60 million. "

All 640 trucking companies had mismanagement? You're stupid.

I'm a truck driver. You're not. You know nothing about the industry, I do.

You do realize that a trucking "company" only need have 1 truck?

 

[j-mac]

Reagan was arguably the greatest President of the 20th century....We will see in 5 years when Trump is done...

If you were one of those big spending, big government republicans, Reagan was awesome.

But for conservatives, not so much.

Yeah, that's why his re election, and approval numbers were so low....GTFOH!

 

[YoursTruly]

Reagan was arguably the greatest President of the 20th century....We will see in 5 years when Trump is done...

If you were one of those big spending, big government republicans, Reagan was awesome.

But for conservatives, not so much.

Yeah, that's why his re election, and approval numbers were so low....GTFOH!

That doesn't change the fact that Reagan was no conservative. But more of a government growing, big spending liberal in the republican party.

Do conservatives step on the 2nd like Reagan did with the Brady law?

 

[j-mac]

Reagan was arguably the greatest President of the 20th century....We will see in 5 years when Trump is done...

If you were one of those big spending, big government republicans, Reagan was awesome.

But for conservatives, not so much.

Yeah, that's why his re election, and approval numbers were so low....GTFOH!

That doesn't change the fact that Reagan was no conservative. But more of a government growing, big spending liberal in the republican party.

Do conservatives step on the 2nd like Reagan did with the Brady law?

Well, that's your opinion....Reagan was exactly what America needed after the disaster that was Carter.

 

[YoursTruly]

Reagan was arguably the greatest President of the 20th century....We will see in 5 years when Trump is done...

If you were one of those big spending, big government republicans, Reagan was awesome.

But for conservatives, not so much.

Yeah, that's why his re election, and approval numbers were so low....GTFOH!

That doesn't change the fact that Reagan was no conservative. But more of a government growing, big spending liberal in the republican party.

Do conservatives step on the 2nd like Reagan did with the Brady law?

Well, that's your opinion....Reagan was exactly what America needed after the disaster that was Carter.

If Reagan had been elected when Carter was, he would've been as much of a disaster. Carters problem was he wanted to actually fix things ourselves, instead of kick the can like Reagan did.

But from a conservative perspective, kicking the can is always a disaster for the next presidency. 17 debt ceiling increases, 4 tax increases. For the life of me, I can't see how you can still think Reagan was a conservative. Or "good" for that matter. All he did, was the same thing that they rest have done. Borrow tons from the fed, spending like drunken democrats and push the country farther into debt.

BTW, it's policies like that that are the reasons why $10hr now, is a poverty wage. By the end of the next presidency, $15hr will be a poverty wage.

 

[j-mac]

Reagan was arguably the greatest President of the 20th century....We will see in 5 years when Trump is done...

If you were one of those big spending, big government republicans, Reagan was awesome.

But for conservatives, not so much.

Yeah, that's why his re election, and approval numbers were so low....GTFOH!

That doesn't change the fact that Reagan was no conservative. But more of a government growing, big spending liberal in the republican party.

Do conservatives step on the 2nd like Reagan did with the Brady law?

Well, that's your opinion....Reagan was exactly what America needed after the disaster that was Carter.

If Reagan had been elected when Carter was, he would've been as much of a disaster. Carters problem was he wanted to actually fix things ourselves, instead of kick the can like Reagan did.

But from a conservative perspective, kicking the can is always a disaster for the next presidency. 17 debt ceiling increases, 4 tax increases. For the life of me, I can't see how you can still think Reagan was a conservative. Or "good" for that matter. All he did, was the same thing that they rest have done. Borrow tons from the fed, spending like drunken democrats and push the country farther into debt.

BTW, it's policies like that that are the reasons why $10hr now, is a poverty wage. By the end of the next presidency, $15hr will be a poverty wage.

I get it, you don't like Reagan....So, do you believe that Carter deserved re election, and why?

 

[YoursTruly]

I get it, you don't like Reagan....So, do you believe that Carter deserved re election, and why?

This isn't about Carter. It's about Reagan's 17 debt ceiling increases, the brady law, 4 tax increases, HUGE spending increases. And all the other things that make Reagan a better democrat than a conservative.

I'm not sure why you're dodging those issues.

 

[j-mac]

I get it, you don't like Reagan....So, do you believe that Carter deserved re election, and why?

This isn't about Carter. It's about Reagan's 17 debt ceiling increases, the brady law, 4 tax increases, HUGE spending increases. And all the other things that make Reagan a better democrat than a conservative.

I'm not sure why you're dodging those issues.

I'm not dodging anything...I've asked you questions now over more than a few posts this morning, and each time you've tried tactics to turn it around on me....Just like here, where there was a direct question to you and you simply brushed it off and did what you are doing...Which is to totally ignore my questions, and turn to me to defend Reagan, essentially diverting the topic of the thread....So, I'll just agree to disagree on Reagan's terms, and hopefully we can move to back to the topic of the thread...

So, with that said, would you like to move to present day and the good jobs report, or are we done here?

 

[Faun]

At the same time, he was talking about homeownership he was proposing an agency to oversee Fannie and Freddie.

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
http://www.thefreelibrary.com/HUD+to+Fight+Discrimination,+Boost+Minority+Homeownership+and+Work...-a019650647

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
Bloomberg Politics - Bloomberg

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 -
Bloomberg - Are you a robot?

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


From USNews and World Report
Barney Frank's Fannie and Freddie Muddle
By Sam Dealey
September 10, 2008

[…]

So five years ago, there was one of those rare moments in Washington when the branches and personalities of government—in this case, the Bush administration—are less interested in protecting or expanding their turf than in fixing a looming catastrophe. What was Frank's response to the proposal?

''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 Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''

[…]

http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle

Wall Street Journal Barney’s Rubble – September 17, 2008
Barney's Rubble


Barney Frank in 2005: What Housing Bubble?



Steve Kroft On Credit Default Swaps And Their Central Role In The Unfolding Economic Crisis -
The Bet That Blew Up Wall Street

All this, in addition to the repeal of the Glass-Steagall Act by President William Jefferson Clinton caused the meltdown.

The end.

A pity for you that the CRA had little to do with the Housing crash.

Except for everything....

LOL

Slobbers a Neanderthal.

The Federal Reserve Board has found no connection between CRA and the subprime mortgage problems. In fact, the Board's analysis (102 KB PDF) found that nearly 60 percent of higher-priced loans went to middle- or higher-income borrowers or neighborhoods, which are not the focus of CRA activity. Additionally, about 20 percent of the higher-priced loans that were extended in low- or moderate-income areas, or to low- or moderate-income borrowers, were loans originated by lenders not covered by the CRA. Our analysis found that only six percent of all higher-priced loans were made by CRA-covered lenders to borrowers and neighborhoods targeted by the CRA. Further, our review of loan performance found that rates of serious mortgage delinquency are high in all neighborhood groups, not just in lower-income areas.

FRB: Did the Community Reinvestment Act (CRA) contribute to foreclosures and the financial crisis? And, is the CRA being reformed?​

Sorry, you're on your own at this point. I can only drag you to the trough.

 

[Markle]

Reagan was arguably the greatest President of the 20th century....We will see in 5 years when Trump is done...

If you were one of those big spending, big government republicans, Reagan was awesome.

But for conservatives, not so much.

Yeah, that's why his re election, and approval numbers were so low....GTFOH!

That doesn't change the fact that Reagan was no conservative. But more of a government growing, big spending liberal in the republican party.

Do conservatives step on the 2nd like Reagan did with the Brady law?

Well, that's your opinion....Reagan was exactly what America needed after the disaster that was Carter.

If Reagan had been elected when Carter was, he would've been as much of a disaster. Carters problem was he wanted to actually fix things ourselves, instead of kick the can like Reagan did.

But from a conservative perspective, kicking the can is always a disaster for the next presidency. 17 debt ceiling increases, 4 tax increases. For the life of me, I can't see how you can still think Reagan was a conservative. Or "good" for that matter. All he did, was the same thing that they rest have done. Borrow tons from the fed, spending like drunken democrats and push the country farther into debt.

BTW, it's policies like that that are the reasons why $10hr now, is a poverty wage. By the end of the next presidency, $15hr will be a poverty wage.

As you know, the policies put in place by President Ronald Reagan led to economic growth for over a quarter century.

 

[Markle]

The end.

A pity for you that the CRA had little to do with the Housing crash.

Except for everything....

LOL

Slobbers a Neanderthal.

The Federal Reserve Board has found no connection between CRA and the subprime mortgage problems. In fact, the Board's analysis (102 KB PDF) found that nearly 60 percent of higher-priced loans went to middle- or higher-income borrowers or neighborhoods, which are not the focus of CRA activity. Additionally, about 20 percent of the higher-priced loans that were extended in low- or moderate-income areas, or to low- or moderate-income borrowers, were loans originated by lenders not covered by the CRA. Our analysis found that only six percent of all higher-priced loans were made by CRA-covered lenders to borrowers and neighborhoods targeted by the CRA. Further, our review of loan performance found that rates of serious mortgage delinquency are high in all neighborhood groups, not just in lower-income areas.

FRB: Did the Community Reinvestment Act (CRA) contribute to foreclosures and the financial crisis? And, is the CRA being reformed?​

Sorry, you're on your own at this point. I can only drag you to the trough.

I've done that for you and you demand to remain ignorant.

 

[YoursTruly]

If you were one of those big spending, big government republicans, Reagan was awesome.

But for conservatives, not so much.

Yeah, that's why his re election, and approval numbers were so low....GTFOH!

That doesn't change the fact that Reagan was no conservative. But more of a government growing, big spending liberal in the republican party.

Do conservatives step on the 2nd like Reagan did with the Brady law?

Well, that's your opinion....Reagan was exactly what America needed after the disaster that was Carter.

If Reagan had been elected when Carter was, he would've been as much of a disaster. Carters problem was he wanted to actually fix things ourselves, instead of kick the can like Reagan did.

But from a conservative perspective, kicking the can is always a disaster for the next presidency. 17 debt ceiling increases, 4 tax increases. For the life of me, I can't see how you can still think Reagan was a conservative. Or "good" for that matter. All he did, was the same thing that they rest have done. Borrow tons from the fed, spending like drunken democrats and push the country farther into debt.

BTW, it's policies like that that are the reasons why $10hr now, is a poverty wage. By the end of the next presidency, $15hr will be a poverty wage.

As you know, the policies put in place by President Ronald Reagan led to economic growth for over a quarter century.

It wasn't policies. It was a ton of money borrowed from the fed, pumped into the economy that made everything look awesome.
Thas why they had to raise taxes 4 times, increase the debt ceiling 17 times. And why HW had to create a new tax, to keep from the economy from going into a depression, instead of a recession.

This is easy stuff, man. Come on.

 

[YoursTruly]

I get it, you don't like Reagan....So, do you believe that Carter deserved re election, and why?

This isn't about Carter. It's about Reagan's 17 debt ceiling increases, the brady law, 4 tax increases, HUGE spending increases. And all the other things that make Reagan a better democrat than a conservative.

I'm not sure why you're dodging those issues.

I'm not dodging anything...I've asked you questions now over more than a few posts this morning, and each time you've tried tactics to turn it around on me....Just like here, where there was a direct question to you and you simply brushed it off and did what you are doing...Which is to totally ignore my questions, and turn to me to defend Reagan, essentially diverting the topic of the thread....So, I'll just agree to disagree on Reagan's terms, and hopefully we can move to back to the topic of the thread...

So, with that said, would you like to move to present day and the good jobs report, or are we done here?

The current discussion is Reagan. I pointed out Reagan was no conservative, with facts. You tried to change the subject to Carter. You completely ignored the facts I posted.
Those facts happened to match Trump. Except he and Pelosi eliminated the debt ceiling for 2 years. (And McConnell's approval )
But still big spending, big government BS that completely kicks trump out of the conservative column.

Btw, massive contracts to the MIC is included in those job cration numbers. So they're a farce. Simply because technically they're government jobs.

Again, when they pump borrowed money into the economy, that only makes it look good for the time being. When the bill comes due, the more they borrowed, the worse things will get because the USD value would've lost so much of its initial value, that no one can buy as much as they used to.
And if Americans can't do that, you know what happens next. Don't you?

This the major problem of central planning and our monetary system. And the government spending beyond its means.
You can't spend your way out of debt.

 

[RealDave]

The US economy created 145,000 jobs in December.

Good for those who landed gigs.

Remember when a total like this was posted under Obama, you assfucks ran screaming through the streets " OMG OMG OMG It doesn't keep up with population growth"
You remember that?

Because unemployment is at theoretical minimum now, Dufus.

Making excuses

 

[Markle]

It wasn't policies. It was a ton of money borrowed from the fed, pumped into the economy that made everything look awesome.
Thas why they had to raise taxes 4 times, increase the debt ceiling 17 times. And why HW had to create a new tax, to keep from the economy from going into a depression, instead of a recession.

This is easy stuff, man. Come on.