Obamacare Economy: 7 Years, 16 million Jobs Created, Middle Class Incomes Up $3K

[Markle]

Jobs and Growth Tax Relief Reconciliation Act of 2003

Married filing jointly or qualifying widow or widower
Tax Year 2002[3] Tax Year 2003[4]
Income level Tax rate Income level Tax rate
up to $12,000 10% up to $14,000 10% <<<<<<<<<< screwed
$12,000 - $46,700 15% $14,000 - $56,800 15% <<<<<<<< screwed
$46,700 - $112,850 27% $56,800 - $114,650 25%
$112,850 - $171,950 30% $114,650 - $174,700 28%
$171,950 - $307,050 35% $174,700 - $311,950 33%
over $307,050 38.6% over $311,950 35% <<<<<<<<<<<<<<< 3.6%

You can see from my arrows the rate went from 38.6% to 35%

At the same time, as you so crudely point out, incomes for couples earning less than $311,950 per year dropped up to 50 percent from the previous year. Impressive. At the same time, revenues increased.

 

[Flash]

Trump created 370,000 jobs in his first 100 days.

The Kenyan Catastrophe lost 1,500,000 jobs in his first 100 days.

Even during the Great Depression FDR "created" jobs. Those numbers really don't mean much. Obama needed to create 225,000 jobs each month just to keep up with population growth and he very seldom did that.

That is why Obama increased poverty, decreased family income, increased national debt, increased income disparity and had a very dismal economic growth record. Most of the jobs that the Moon Bats point to were part time minimal wages while Obama's anti business stance sent the good paying jobs overseas.

Most of the job growth that the Obama asshole takes credit for happen in red states like Texas controlled by Republican governors and legislators.

Obama was a failure. The worst President this country ever had.

Bro, all the jobs were lost under Bush jr. at the rate of 850,000 per month. Trump hasn't created any jobs because he has not implemented any of his policies yet. These are still Obama's policies. But the GOP are just a bunch of scammers anyway. For example, bush jr. lowered taxes for the 1% rich and the unemployment rate dropped 0.5% but those things are not related. Every Republican President also doubled the defense budget and that spending did indeed create jobs but the GOP counts them as tax-break jobs and it fools people like you into voting for them.

That idiot Obama was absolutely the worst President this country ever had and was a disaster. It just didn't start when he became President. It started with that filthy ass 2006 elected Democrat Congress took over. Bush and the Republicans did fine until Barney Queerboy, Tits Peloski, Dirty Harry and that idiot Senator from Chicago were elected and controlled Congress. That is when the economy went to hell.

After that it got worse. Under Obama poverty increased, income disparity increased, family income decreased, welfare increased, debt sky rocketed, illegals flooded across the border, health care was damaged, work force participation rates were at a 40 year low and the economy never even achieved 3% annual growth, which for the US is pretty damn dismal. Then on top of that we had a terrible weak foreign policy kissing the ass of everybody and enabling the Muslims. Obama even managed to lose the Iraq War after Bush handed him a victory. All he had to do was not fuck it up but he did.

That idiot Obama tried to impose a left wing doctrine of redistribution of wealth instead of stimulating capitalism and that was a disaster. You don't create prosperity by taking away money from the people that earned it and giving it to the welfare queens and illegals. You don't create prosperity by increasing taxes and making a hostile business environment.

The jobs that Obama takes credit for creating were mostly created in the red states with Republican governors and Republicans legislatures like in Texas and here in Florida. No thanks to the Kenyan Catastrophe.

Democrats are pretty much the scum of this country. A coalition of all the greedy filthy special interest groups like the Negroes that vote their race and welfare check, the environmental wackos, Feminazis, welfare queens, illegals, union thugs, anti gun nuts, confused college kids and their Marxist professors, queers and socialists. They are always a disaster for this country when they get elected.

 

[froggy]

We now have 7 full years of economic data since President Obama signed the Affordable Care Act (ACA or “Obamacare”). So, as Republicans in Washington continue their relentless assault on the ACA, it’s a good time to take stock of how America actually fared in the Obamacare Economy.

Before turning to the facts, a reminder of the narrative that the GOP has been pushing about the ACA for so long:

“It will bankrupt our nation, and it will ruin our economy! … This health care law … is already destroying jobs in our country.” — John Boehner, 2011

“We now know that Obamacare has been one of the single biggest drags on job creation since early 2010.” — Mitch McConnell, 2012

“[T]his is going to blow a hole through the deficit even more than we had already thought.” — Paul Ryan, 2012

“Obamacare is directly responsible for destroying jobs and lowering wages for workers” — Senate Republican Policy Committee, 2014

“It is the biggest job-killer in this country.” — Ted Cruz, 2016

“Obamacare is devastating businesses." — Donald Trump, 2016

“Obamacare … this disastrous policy that's been killing jobs." — Mike Pence, 2016

Let’s tackle these false “job-killing, wage-reducing, deficit-busting” myths one by one:

The Obamacare Economy: 7 Years, 16 Million Jobs Created, Middle-Class Incomes Up $3K

Talk about misleading the public. You must be a Democrat. All those jobs weren't because of obamacare.

 

[IcebergSlim]

You are an idiot......they only set the standards of CONFORMING LOANS to determine what they would buy......this had NOTHING to do with what mortgage originators were doing. They were passing the paper to private sector CMO securitizers.....

The GSE's went deeper into subprime because there was pressure on them to increase returns. Even so, their defulat rates were SUBSTANTIALLY lower than those of other sub prime buyers...

There is a good reason why you didn't address the issue of the FCIC report....

You don't have any idea what FCIC stands for...

You are talking specifically about the CRA loans, not about all sub-prime loans.

Lenders accepted as standards for their confirming loans the Fannie Mae/Freddie Mac standards. Thus they accepted the standards of lower quality loans as their own.

Beginning in 1992 Congress pushed Fannie Mae and Freddie Mac to increase purchases of mortgages going to low to moderate income people. In 1996 HUD gave Fannie and Freddie an explicit target: 42% of their mortgage financing had to go to borrowers with incomes below the median. This target was increased to 50% in 2000 and 52% in 2005. In 1996 HUD required that 12% of all mortgages purchased by Freddie and Fannie had to be “special affordable” loans, meaning loans to borrowers with income less than 60% of their area’s median. The 12% dictum was increased to 20% in 2000 and 22% in 2005.


How Government Stoked the Mania

You are an idiot....There are no requirements that mortgages comply with GSE's standards.....these mortgages can be sold to other securitizers. You don't have the vaguest idea what you are talking about...

Why do you scurry about the innertubes looking for goofballs like this Hoover flunky you cite?

Whatever you need to know is included in the FCIC report...


Have you figured out what FCIC stands for?

To the extent they were "crappy" when they bought them, then the problem was clearly upstream........as evidenced by the tens of billions in restitution paid by those who sold the mortgages to the GSEs,

The mortgages were packaged by Fannie and Freddie and other lenders and given higher credit ratings than they merited and were then sold on the world market. That is what caused the world economic collapse.

Oh....you've discovered that "other lenders" were securitizing mortgages?

Do you believe these lenders only bought loans conforming with GSE standards?

 

[IcebergSlim]

You are an idiot......they only set the standards of CONFORMING LOANS to determine what they would buy......this had NOTHING to do with what mortgage originators were doing. They were passing the paper to private sector CMO securitizers.....

The GSE's went deeper into subprime because there was pressure on them to increase returns. Even so, their defulat rates were SUBSTANTIALLY lower than those of other sub prime buyers...

There is a good reason why you didn't address the issue of the FCIC report....

You don't have any idea what FCIC stands for...

You are talking specifically about the CRA loans, not about all sub-prime loans.

Lenders accepted as standards for their confirming loans the Fannie Mae/Freddie Mac standards. Thus they accepted the standards of lower quality loans as their own.

Beginning in 1992 Congress pushed Fannie Mae and Freddie Mac to increase purchases of mortgages going to low to moderate income people. In 1996 HUD gave Fannie and Freddie an explicit target: 42% of their mortgage financing had to go to borrowers with incomes below the median. This target was increased to 50% in 2000 and 52% in 2005. In 1996 HUD required that 12% of all mortgages purchased by Freddie and Fannie had to be “special affordable” loans, meaning loans to borrowers with income less than 60% of their area’s median. The 12% dictum was increased to 20% in 2000 and 22% in 2005.


How Government Stoked the Mania

You are talking specifically about the CRA loans, not about all sub-prime loans.


No....You have no fucking idea what you are talking about.....


Beginning in 1992 Congress pushed Fannie Mae and Freddie Mac to increase purchases of mortgages going

1992 has NOTHING to do with the 2007 crisis......NOTHING AT ALL.

Why would you go to this Hoover flunky before even TRYING to learn what FCIC stands for?


because this only required you to read a couple of slogans....

 

[Oldstyle]

Wow, now you on the left are touting both Carter AND Obama as your "poster children" for economic success?

Carter was so bad he set the record for the highest "Misery Index" level! Yeah Jimmy Peanut was a keeper all right!

 

[Faun]

What was the GDP growth Q1 when Obama took over? Just asking? You know the messiah who inherited an economy from Bush? President Trump inherited an economic mess from Obama? Double standards, without them liberals would have no standards at all.

In the spirit of giving, I'm gonna do you a major solid....


I'm not going to post that number before giving you a chance to look it up and get back to me....


You've got 5 minutes.....then I'm gonna show you what a fucking beefwit you are....

The number in question was NEGATIVE 5%......on the heels of a blistering NEGATIVE 8.2


Just how fucking oblivious and uninformed would someone have to be?

We're talking AndaronfuckingStupid.

So Trumps 1st qtr was .7% and you say that the bi racial, Muslim loving, Homosexual, ex dictators 1st was -5%. You fuckers ream Trump for his number, but O's was a lot worse. Glad you posted it and not me, for then you would be saying it was bullshit.

Obama's was worse because we were in a recession. What's Trump's excuse?

 

[Mikeoxenormous]

What was the GDP growth Q1 when Obama took over? Just asking? You know the messiah who inherited an economy from Bush? President Trump inherited an economic mess from Obama? Double standards, without them liberals would have no standards at all.

In the spirit of giving, I'm gonna do you a major solid....


I'm not going to post that number before giving you a chance to look it up and get back to me....


You've got 5 minutes.....then I'm gonna show you what a fucking beefwit you are....

The number in question was NEGATIVE 5%......on the heels of a blistering NEGATIVE 8.2


Just how fucking oblivious and uninformed would someone have to be?

We're talking AndaronfuckingStupid.

So Trumps 1st qtr was .7% and you say that the bi racial, Muslim loving, Homosexual, ex dictators 1st was -5%. You fuckers ream Trump for his number, but O's was a lot worse. Glad you posted it and not me, for then you would be saying it was bullshit.

Obama's was worse because we were in a recession. What's Trump's excuse?

He had to take over for 8 years of Obamanomics and the propaganda machine where Obama inherited from Waters, Dodd, and Frank a housing collapse, and then during those 8 years played golf, denied 4 US citizens help in Benghazi, parties with liberal elites, and put the most in poverty since the FDR. Yep Obama sure did worse, and Trump already did well, didn't you see unemployment reach the 4%? Or is your head way up your Bambi ass?

 

[IcebergSlim]

What was the GDP growth Q1 when Obama took over? Just asking? You know the messiah who inherited an economy from Bush? President Trump inherited an economic mess from Obama? Double standards, without them liberals would have no standards at all.

In the spirit of giving, I'm gonna do you a major solid....


I'm not going to post that number before giving you a chance to look it up and get back to me....


You've got 5 minutes.....then I'm gonna show you what a fucking beefwit you are....

The number in question was NEGATIVE 5%......on the heels of a blistering NEGATIVE 8.2


Just how fucking oblivious and uninformed would someone have to be?

We're talking AndaronfuckingStupid.

So Trumps 1st qtr was .7% and you say that the bi racial, Muslim loving, Homosexual, ex dictators 1st was -5%. You fuckers ream Trump for his number, but O's was a lot worse. Glad you posted it and not me, for then you would be saying it was bullshit.

Obama's was worse because we were in a recession. What's Trump's excuse?

He had to take over for 8 years of Obamanomics and the propaganda machine where Obama inherited from Waters, Dodd, and Frank a housing collapse, and then during those 8 years played golf, denied 4 US citizens help in Benghazi, parties with liberal elites, and put the most in poverty since the FDR. Yep Obama sure did worse, and Trump already did well, didn't you see unemployment reach the 4%? Or is your head way up your Bambi ass?

Actually, many of us noticed that U3 dropped below 5 MORE THAN A YEAR AGO.....

Seriously, And.....don't go to anything which can be verified.....stick to the shit you make up.....that way you will be a fool rather than a lying fool.

 

[IcebergSlim]

Wow, now you on the left are touting both Carter AND Obama as your "poster children" for economic success?

Carter was so bad he set the record for the highest "Misery Index" level! Yeah Jimmy Peanut was a keeper all right!

Would you like to compare the metrics for Carter with those of Scrub?


Run along, now.....

 

[Mikeoxenormous]

What was the GDP growth Q1 when Obama took over? Just asking? You know the messiah who inherited an economy from Bush? President Trump inherited an economic mess from Obama? Double standards, without them liberals would have no standards at all.

In the spirit of giving, I'm gonna do you a major solid....


I'm not going to post that number before giving you a chance to look it up and get back to me....


You've got 5 minutes.....then I'm gonna show you what a fucking beefwit you are....

The number in question was NEGATIVE 5%......on the heels of a blistering NEGATIVE 8.2


Just how fucking oblivious and uninformed would someone have to be?

We're talking AndaronfuckingStupid.

So Trumps 1st qtr was .7% and you say that the bi racial, Muslim loving, Homosexual, ex dictators 1st was -5%. You fuckers ream Trump for his number, but O's was a lot worse. Glad you posted it and not me, for then you would be saying it was bullshit.

Obama's was worse because we were in a recession. What's Trump's excuse?

He had to take over for 8 years of Obamanomics and the propaganda machine where Obama inherited from Waters, Dodd, and Frank a housing collapse, and then during those 8 years played golf, denied 4 US citizens help in Benghazi, parties with liberal elites, and put the most in poverty since the FDR. Yep Obama sure did worse, and Trump already did well, didn't you see unemployment reach the 4%? Or is your head way up your Bambi ass?

Actually, many of us noticed that U3 dropped below 5 MORE THAN A YEAR AGO.....

Seriously, And.....don't go to anything which can be verified.....stick to the shit you make up.....that way you will be a fool rather than a lying fool.

You are a fucking moron, cut and dry. Done with you, you fucking racist prick.

 

[Moonglow]

You are an idiot......they only set the standards of CONFORMING LOANS to determine what they would buy......this had NOTHING to do with what mortgage originators were doing. They were passing the paper to private sector CMO securitizers.....

The GSE's went deeper into subprime because there was pressure on them to increase returns. Even so, their defulat rates were SUBSTANTIALLY lower than those of other sub prime buyers...

There is a good reason why you didn't address the issue of the FCIC report....

You don't have any idea what FCIC stands for...

You are talking specifically about the CRA loans, not about all sub-prime loans.

Lenders accepted as standards for their confirming loans the Fannie Mae/Freddie Mac standards. Thus they accepted the standards of lower quality loans as their own.

Beginning in 1992 Congress pushed Fannie Mae and Freddie Mac to increase purchases of mortgages going to low to moderate income people. In 1996 HUD gave Fannie and Freddie an explicit target: 42% of their mortgage financing had to go to borrowers with incomes below the median. This target was increased to 50% in 2000 and 52% in 2005. In 1996 HUD required that 12% of all mortgages purchased by Freddie and Fannie had to be “special affordable” loans, meaning loans to borrowers with income less than 60% of their area’s median. The 12% dictum was increased to 20% in 2000 and 22% in 2005.


How Government Stoked the Mania

You are an idiot....There are no requirements that mortgages comply with GSE's standards.....these mortgages can be sold to other securitizers. You don't have the vaguest idea what you are talking about...

Why do you scurry about the innertubes looking for goofballs like this Hoover flunky you cite?

Whatever you need to know is included in the FCIC report...


Have you figured out what FCIC stands for?

To the extent they were "crappy" when they bought them, then the problem was clearly upstream........as evidenced by the tens of billions in restitution paid by those who sold the mortgages to the GSEs,

The mortgages were packaged by Fannie and Freddie and other lenders and given higher credit ratings than they merited and were then sold on the world market. That is what caused the world economic collapse.

Oh....you've discovered that "other lenders" were securitizing mortgages?

Do you believe these lenders only bought loans conforming with GSE standards?

I refer to it as a game of playing "hot potato"...

 

[IcebergSlim]

The number in question was NEGATIVE 5%......on the heels of a blistering NEGATIVE 8.2


Just how fucking oblivious and uninformed would someone have to be?

We're talking AndaronfuckingStupid.

So Trumps 1st qtr was .7% and you say that the bi racial, Muslim loving, Homosexual, ex dictators 1st was -5%. You fuckers ream Trump for his number, but O's was a lot worse. Glad you posted it and not me, for then you would be saying it was bullshit.

Obama's was worse because we were in a recession. What's Trump's excuse?

He had to take over for 8 years of Obamanomics and the propaganda machine where Obama inherited from Waters, Dodd, and Frank a housing collapse, and then during those 8 years played golf, denied 4 US citizens help in Benghazi, parties with liberal elites, and put the most in poverty since the FDR. Yep Obama sure did worse, and Trump already did well, didn't you see unemployment reach the 4%? Or is your head way up your Bambi ass?

Actually, many of us noticed that U3 dropped below 5 MORE THAN A YEAR AGO.....

Seriously, And.....don't go to anything which can be verified.....stick to the shit you make up.....that way you will be a fool rather than a lying fool.

You are a fucking moron, cut and dry. Done with you, you fucking racist prick.

Economic Research Division

Federal Reserve Bank of St. Louis

UNRATE Civilian Unemployment Rate, Percent, Monthly, Seasonally Adjusted


2016-01-01 4.9



Game.


Set.


Match.

 

[Oldstyle]

Wow, now you on the left are touting both Carter AND Obama as your "poster children" for economic success?

Carter was so bad he set the record for the highest "Misery Index" level! Yeah Jimmy Peanut was a keeper all right!

Would you like to compare the metrics for Carter with those of Scrub?


Run along, now.....

https://object.cato.org/images/pubs/commentary/090825-hanke-1big.jpg

Yeah, George W. was SO much worse than Jimmy! Are you smoking crack again, Slim?

 

[Markle]

You are an idiot......they only set the standards of CONFORMING LOANS to determine what they would buy......this had NOTHING to do with what mortgage originators were doing. They were passing the paper to private sector CMO securitizers.....

The GSE's went deeper into subprime because there was pressure on them to increase returns. Even so, their defulat rates were SUBSTANTIALLY lower than those of other sub prime buyers...

There is a good reason why you didn't address the issue of the FCIC report....

You don't have any idea what FCIC stands for...

You are talking specifically about the CRA loans, not about all sub-prime loans.

Lenders accepted as standards for their confirming loans the Fannie Mae/Freddie Mac standards. Thus they accepted the standards of lower quality loans as their own.

Beginning in 1992 Congress pushed Fannie Mae and Freddie Mac to increase purchases of mortgages going to low to moderate income people. In 1996 HUD gave Fannie and Freddie an explicit target: 42% of their mortgage financing had to go to borrowers with incomes below the median. This target was increased to 50% in 2000 and 52% in 2005. In 1996 HUD required that 12% of all mortgages purchased by Freddie and Fannie had to be “special affordable” loans, meaning loans to borrowers with income less than 60% of their area’s median. The 12% dictum was increased to 20% in 2000 and 22% in 2005.


How Government Stoked the Mania

You are talking specifically about the CRA loans, not about all sub-prime loans.

No....You have no fucking idea what you are talking about.....

Beginning in 1992 Congress pushed Fannie Mae and Freddie Mac to increase purchases of mortgages going

1992 has NOTHING to do with the 2007 crisis......NOTHING AT ALL.

Why would you go to this Hoover flunky before even TRYING to learn what FCIC stands for?

because this only required you to read a couple of slogans....

I see you were incapable of reading the last line. Also, the concept of policy changes building on top of one another escapes you as well.

Yes, it started in 1992 and here is a line you missed. Good for you!

The 12% dictum was increased to 20% in 2000 and 22% in 2005.

Grow up, son!

 

[IcebergSlim]

Wow, now you on the left are touting both Carter AND Obama as your "poster children" for economic success?

Carter was so bad he set the record for the highest "Misery Index" level! Yeah Jimmy Peanut was a keeper all right!

Would you like to compare the metrics for Carter with those of Scrub?


Run along, now.....

https://object.cato.org/images/pubs/commentary/090825-hanke-1big.jpg

Yeah, George W. was SO much worse than Jimmy! Are you smoking crack again, Slim?

How many economic metrics are needed to calculate the "Misery Index"?

Under which POTUS did we see the HIGHEST annual payroll growth in both Nominal and Relative terms?

I'm gonna give you a hint....

It wasn't THIS guy...


Bush On Jobs: The Worst Track Record On Record


Speaking of "the Record", for the sake of it, would you stipulate to how many votes you cast for the POTUS with the "worst jobs record on record"?

 

[Oldstyle]

What's amusing is that liberals now point to unemployment numbers during the Obama Administration as one of his "wins" when the truth is the economy and jobs would have been in far worse shape if the GOP hadn't taken over the House in 2010 and prevented him from getting the next thing on his agenda...a Cap & Trade bill that would have increased energy costs for American businesses. Then you figure in the jobs that were created due to the energy sector's boom...something that was due in large part to fracking...something that Barry didn't want.

So the big question at this point is this...what DID Barack Obama do to create jobs and grow the economy? Anyone?

 

[Faun]

What was the GDP growth Q1 when Obama took over? Just asking? You know the messiah who inherited an economy from Bush? President Trump inherited an economic mess from Obama? Double standards, without them liberals would have no standards at all.

In the spirit of giving, I'm gonna do you a major solid....


I'm not going to post that number before giving you a chance to look it up and get back to me....


You've got 5 minutes.....then I'm gonna show you what a fucking beefwit you are....

The number in question was NEGATIVE 5%......on the heels of a blistering NEGATIVE 8.2


Just how fucking oblivious and uninformed would someone have to be?

We're talking AndaronfuckingStupid.

So Trumps 1st qtr was .7% and you say that the bi racial, Muslim loving, Homosexual, ex dictators 1st was -5%. You fuckers ream Trump for his number, but O's was a lot worse. Glad you posted it and not me, for then you would be saying it was bullshit.

Obama's was worse because we were in a recession. What's Trump's excuse?

He had to take over for 8 years of Obamanomics and the propaganda machine where Obama inherited from Waters, Dodd, and Frank a housing collapse, and then during those 8 years played golf, denied 4 US citizens help in Benghazi, parties with liberal elites, and put the most in poverty since the FDR. Yep Obama sure did worse, and Trump already did well, didn't you see unemployment reach the 4%? Or is your head way up your Bambi ass?

In other words, Trump inherited a growing economy from Obama while Obama inherited an economy in massive recession.

Thanks for confirming.

 

[IcebergSlim]

You are an idiot......they only set the standards of CONFORMING LOANS to determine what they would buy......this had NOTHING to do with what mortgage originators were doing. They were passing the paper to private sector CMO securitizers.....

The GSE's went deeper into subprime because there was pressure on them to increase returns. Even so, their defulat rates were SUBSTANTIALLY lower than those of other sub prime buyers...

There is a good reason why you didn't address the issue of the FCIC report....

You don't have any idea what FCIC stands for...

You are talking specifically about the CRA loans, not about all sub-prime loans.

Lenders accepted as standards for their confirming loans the Fannie Mae/Freddie Mac standards. Thus they accepted the standards of lower quality loans as their own.

Beginning in 1992 Congress pushed Fannie Mae and Freddie Mac to increase purchases of mortgages going to low to moderate income people. In 1996 HUD gave Fannie and Freddie an explicit target: 42% of their mortgage financing had to go to borrowers with incomes below the median. This target was increased to 50% in 2000 and 52% in 2005. In 1996 HUD required that 12% of all mortgages purchased by Freddie and Fannie had to be “special affordable” loans, meaning loans to borrowers with income less than 60% of their area’s median. The 12% dictum was increased to 20% in 2000 and 22% in 2005.


How Government Stoked the Mania

You are talking specifically about the CRA loans, not about all sub-prime loans.

No....You have no fucking idea what you are talking about.....

Beginning in 1992 Congress pushed Fannie Mae and Freddie Mac to increase purchases of mortgages going

1992 has NOTHING to do with the 2007 crisis......NOTHING AT ALL.

Why would you go to this Hoover flunky before even TRYING to learn what FCIC stands for?

because this only required you to read a couple of slogans....

I see you were incapable of reading the last line. Also, the concept of policy changes building on top of one another escapes you as well.

Yes, it started in 1992 and here is a line you missed. Good for you!

The 12% dictum was increased to 20% in 2000 and 22% in 2005.

Grow up, son!

Markle,

You are a moron........Tell me what, if any, qualifications you bring to this subject....


All these authors claim that close to half of all U.S. mortgages, or 27 million, were subprime-equivalent. And none of them take Zandi’s approach, which is to compare GSE loan performance with the rest of the market. In fact, Paul Sperry, of the Hoover Institute, trashed the FCIC because it called Zandi to testify as a “star witness.” (If I didn’t know better, I might think that there was some kind of coordinated messaging strategy, like that of a political campaign.)

But where are the losses?

As the one Pinto-skeptic in the room, Zandi proceeded to answer his own question, “Where are the losses?” As of year-end 2013, approximately $1 trillion in credit losses on pre-crisis loans had been realized. But the realized loss rate among different sectors varied considerably. Best in class were Fannie and Freddie, with a realized loss rate of 3%. Then came depository institutions, like banks, which had a realized loss rate of 6%. The strong outlier was private label mortgage securities, with a realized loss rate of 23%, seven times that of the GSEs.

These numbers are in line with Laurie Goodman’s 2010 projections, which showed a 24% overall loss rate on private 1st lien securities. And Zandi’s 2013 numbers are consistent with his year-end 2012 numbers, which showed private label losses as 51% of the grand total, and GSE losses as 14% of the nationwide total.

These lopsided disparities are confirmed over and over from data going back two decades. By any standard — delinquencies, defaults, loss severity — GSE mortgages perform exponentially better than the rest of the market, whereas private label mortgages perform exponentially worse. To state otherwise is to lie.


Subordination Triggered the Financial Crisis, Not the GSEs

 

[Oldstyle]

Wow, now you on the left are touting both Carter AND Obama as your "poster children" for economic success?

Carter was so bad he set the record for the highest "Misery Index" level! Yeah Jimmy Peanut was a keeper all right!

Would you like to compare the metrics for Carter with those of Scrub?


Run along, now.....

https://object.cato.org/images/pubs/commentary/090825-hanke-1big.jpg

Yeah, George W. was SO much worse than Jimmy! Are you smoking crack again, Slim?

How many economic metrics are needed to calculate the "Misery Index"?

Under which POTUS did we see the HIGHEST annual payroll growth in both Nominal and Relative terms?

I'm gonna give you a hint....

It wasn't THIS guy...


Bush On Jobs: The Worst Track Record On Record


Speaking of "the Record", for the sake of it, would you stipulate to how many votes you cast for the POTUS with the "worst jobs record on record"?

Ah yes...the Bush record on jobs! Which of course was ravaged by the housing market's collapse and the subsequent recession...something that Bush himself warned about repeatedly prior to the crash but Democrats like Barney Frank pooh poohed as fear mongering? So you accuse Bush of being a fear monger when he warns you that the way they are running Fannie Mae and Freddie Mac are a recipe for disaster...but then when his fears come to fruition...you blame him and him alone for the subsequent job losses?

It's good to be a liberal...you never have to admit you were wrong about anything!

 

[Faun]

The number in question was NEGATIVE 5%......on the heels of a blistering NEGATIVE 8.2


Just how fucking oblivious and uninformed would someone have to be?

We're talking AndaronfuckingStupid.

So Trumps 1st qtr was .7% and you say that the bi racial, Muslim loving, Homosexual, ex dictators 1st was -5%. You fuckers ream Trump for his number, but O's was a lot worse. Glad you posted it and not me, for then you would be saying it was bullshit.

Obama's was worse because we were in a recession. What's Trump's excuse?

He had to take over for 8 years of Obamanomics and the propaganda machine where Obama inherited from Waters, Dodd, and Frank a housing collapse, and then during those 8 years played golf, denied 4 US citizens help in Benghazi, parties with liberal elites, and put the most in poverty since the FDR. Yep Obama sure did worse, and Trump already did well, didn't you see unemployment reach the 4%? Or is your head way up your Bambi ass?

Actually, many of us noticed that U3 dropped below 5 MORE THAN A YEAR AGO.....

Seriously, And.....don't go to anything which can be verified.....stick to the shit you make up.....that way you will be a fool rather than a lying fool.

You are a fucking moron, cut and dry. Done with you, you fucking racist prick.

Translation: Slim smoked ya.

By the way, he's also right when he points out the U-3 was already under 5 percent. First happened 15 months ago.

Bureau of Labor Statistics Data

^^^ That's ^^^ why you run away.

 

[IcebergSlim]

What's amusing is that liberals now point to unemployment numbers during the Obama Administration as one of his "wins" when the truth is the economy and jobs would have been in far worse shape if the GOP hadn't taken over the House in 2010 and prevented him from getting the next thing on his agenda...a Cap & Trade bill that would have increased energy costs for American businesses. Then you figure in the jobs that were created due to the energy sector's boom...something that was due in large part to fracking...something that Barry didn't want.

So the big question at this point is this...what DID Barack Obama do to create jobs and grow the economy? Anyone?

Why would ANYONE credit your speculations about the effects of the GOP congress on employment? The labor market inflection point was in Feb 2010........the election wouldn't be held until November of that year, and the Congress in question wouldn't even be sworn in until Jan 2011....

Unless some imbecile Infotainer poured it in your ear, you don't know shit about this stuff....