The Spender-in-Chief

[healthmyths]

We just spent 1.5 Trillion on tax cuts. Trump wants to spend 1.2 on his new nuclear arms race, & he has called for 1.5 trillion in infrastructure spending.

That is 4.2 billion over say ten years. 420 billion a year new spending without a peep on funding.

We are already racing toward a trillion dollar deficit.

We are not mired in a deep recession (yet). Our economy is going OK. Employment is OK. We do not need such an economic shot in the arm.

Excuse me but where were you when this happened AND with NO increase in arms, infrastructure, tax cuts?
What caused the $9 Trillion in additional debt and WHERE were yoU?
Plus NOTE that GWB was blamed for nearly $600 billion due to TARP...
But were you aware that in spite of TARP being paid back with a profit, Obama still racked up $9 trillion in debt .... and for WHAT?
View attachment 175183

You fucking asshole. 2009 had the Bush recession.,

Just how FUCKING stupid can you get.

But "recession" was caused and later acknowledged by the architect of the recession!


Barney Frank Comes Home to the Facts By Larry Kudlow August 21, 2010
Can you teach an old dog new tricks? In politics, the answer is usually no. Most elected officials cling to their ideological biases, despite the real-world facts that disprove their theories time and again. Most have no common sense, and most never acknowledge that they were wrong.
But one huge exception to this rule is Democrat Barney Frank, chairman of the House Financial Services Committee.
For years, Frank was a staunch supporter of Fannie Mae and Freddie Mac,
the giant government housing agencies that played such an enormous role in the financial meltdown that thrust the economy into the Great Recession.
But in a recent CNBC interview, Frank told me that he was ready to say goodbye to Fannie and Freddie.
"I hope by next year we'll have abolished Fannie and Freddie," he said. Remarkable. And he went on to say that "it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it." He then added, "I had been too sanguine about Fannie and Freddie."
Barney Frank admits truth about Fannie

So, an overweight gay man in a minority position in the House did it.

Well if you want to be a simpleton and blame GWB entirely ,why not?
You blamed GWB... so therefore Frank was to blame as well as Dodd..
Remember these famous words from both? Of course you don't because you don't deal with FACTS... just wild ass guesses!

Many prominent Democrats, including House Finance Chairman Barney Frank, opposed any legislation correcting the risks posed by GSEs.
* House Financial Services Committee Chairman Barney Frank (D-MA) criticized
the President's warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis .
The more people exaggerate these problems,
the more pressure there is on these companies, the less we will see in terms of affordable
housing."...
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae,"
New York Times, 9/11/03)
* Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd also
ignored the President's warnings and called on him to "immediately reconsider his ill-advised"
position. Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze
Is Rejected, As Critics Complain Of Opportunism," New York Times, 8/11/07)
http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle

The seeds of the mortgage meltdown were planted during Bill Clinton's presidency.

Under Clinton's Housing and Urban Development (HUD) secretary, Andrew Cuomo, Community Reinvestment Act regulators gave banks higher ratings for home loans made in "credit-deprived" areas. Banks were effectively rewarded for throwing out sound underwriting standards and writing loans to those who were at high risk of defaulting. If banks didn't comply with these rules, regulators reined in their ability to expand lending and deposits.

These new HUD rules lowered down payments from the traditional 20 percent to 3 percent by 1995 and zero down-payments by 2000. What's more, in the Clinton push to issue home loans to lower income borrowers, Fannie Mae and Freddie Mac made a common practice to virtually end credit documentation, low credit scores were disregarded, and income and job history was also thrown aside. The phrase "subprime" became commonplace. What an understatement.

Next, the Clinton administration's rules ordered the taxpayer-backed Fannie and Freddie to expand their quotas of risky loans from 30 percent of portfolio to 50 percent as part of a big push to expand home ownership.

Fannie and Freddie were securitizing these home loans and offering 100 percent taxpayer guarantees of repayment. So now taxpayers were on the hook for these risky, low down-payment loans.

Tragically, when prices fell, lower-income folks who really could not afford these mortgages under normal credit standards, suffered massive foreclosures and personal bankruptcies. So many will never get credit again. It's a perfect example of liberals using government allegedly to help the poor, but the ultimate consequences were disastrous for them.
Kudlow: Are the Clintons the real housing crash villains?

 

[Muhammed]

You're simply lying, jackass.

So you evisently can't read.

Typical dumbass Trumpette.

You're too fucking stupid to comprehend the FACT that tax cuts do not cost anything.

Your weak ass mind has been easily brainwashed by asshole totalitarians.

You fuckwads keep claiming the stimulus bill cost 800 billion. 38% were tax cuts.

So now to excuse your first lie you are telling another lie. That's why you people remain so fucking stupid. In order to learn, you MUST be able to admit it when you are wrong.

You could have learned something today when I informed you of a fact that you didn't know before. However, you chose to double down on remaining stupid. And you've likely been a hard learner for your entire life.

You stated a fact? Wow when was that?

If you were not a hard learner, you would know, jackass.

 

[RealDave]

We just spent 1.5 Trillion on tax cuts. Trump wants to spend 1.2 on his new nuclear arms race, & he has called for 1.5 trillion in infrastructure spending.

That is 4.2 billion over say ten years. 420 billion a year new spending without a peep on funding.

We are already racing toward a trillion dollar deficit.

We are not mired in a deep recession (yet). Our economy is going OK. Employment is OK. We do not need such an economic shot in the arm.

Excuse me but where were you when this happened AND with NO increase in arms, infrastructure, tax cuts?
What caused the $9 Trillion in additional debt and WHERE were yoU?
Plus NOTE that GWB was blamed for nearly $600 billion due to TARP...
But were you aware that in spite of TARP being paid back with a profit, Obama still racked up $9 trillion in debt .... and for WHAT?
View attachment 175183

You fucking asshole. 2009 had the Bush recession.,

Just how FUCKING stupid can you get.

But "recession" was caused and later acknowledged by the architect of the recession!


Barney Frank Comes Home to the Facts By Larry Kudlow August 21, 2010
Can you teach an old dog new tricks? In politics, the answer is usually no. Most elected officials cling to their ideological biases, despite the real-world facts that disprove their theories time and again. Most have no common sense, and most never acknowledge that they were wrong.
But one huge exception to this rule is Democrat Barney Frank, chairman of the House Financial Services Committee.
For years, Frank was a staunch supporter of Fannie Mae and Freddie Mac,
the giant government housing agencies that played such an enormous role in the financial meltdown that thrust the economy into the Great Recession.
But in a recent CNBC interview, Frank told me that he was ready to say goodbye to Fannie and Freddie.
"I hope by next year we'll have abolished Fannie and Freddie," he said. Remarkable. And he went on to say that "it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it." He then added, "I had been too sanguine about Fannie and Freddie."
Barney Frank admits truth about Fannie

So, an overweight gay man in a minority position in the House did it.

Well if you want to be a simpleton and blame GWB entirely ,why not?
You blamed GWB... so therefore Frank was to blame as well as Dodd..
Remember these famous words from both? Of course you don't because you don't deal with FACTS... just wild ass guesses!

Many prominent Democrats, including House Finance Chairman Barney Frank, opposed any legislation correcting the risks posed by GSEs.
* House Financial Services Committee Chairman Barney Frank (D-MA) criticized
the President's warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis .
The more people exaggerate these problems,
the more pressure there is on these companies, the less we will see in terms of affordable
housing."...
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae,"
New York Times, 9/11/03)
* Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd also
ignored the President's warnings and called on him to "immediately reconsider his ill-advised"
position. Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze
Is Rejected, As Critics Complain Of Opportunism," New York Times, 8/11/07)
http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle

The seeds of the mortgage meltdown were planted during Bill Clinton's presidency.

Under Clinton's Housing and Urban Development (HUD) secretary, Andrew Cuomo, Community Reinvestment Act regulators gave banks higher ratings for home loans made in "credit-deprived" areas. Banks were effectively rewarded for throwing out sound underwriting standards and writing loans to those who were at high risk of defaulting. If banks didn't comply with these rules, regulators reined in their ability to expand lending and deposits.

These new HUD rules lowered down payments from the traditional 20 percent to 3 percent by 1995 and zero down-payments by 2000. What's more, in the Clinton push to issue home loans to lower income borrowers, Fannie Mae and Freddie Mac made a common practice to virtually end credit documentation, low credit scores were disregarded, and income and job history was also thrown aside. The phrase "subprime" became commonplace. What an understatement.

Next, the Clinton administration's rules ordered the taxpayer-backed Fannie and Freddie to expand their quotas of risky loans from 30 percent of portfolio to 50 percent as part of a big push to expand home ownership.

Fannie and Freddie were securitizing these home loans and offering 100 percent taxpayer guarantees of repayment. So now taxpayers were on the hook for these risky, low down-payment loans.

Tragically, when prices fell, lower-income folks who really could not afford these mortgages under normal credit standards, suffered massive foreclosures and personal bankruptcies. So many will never get credit again. It's a perfect example of liberals using government allegedly to help the poor, but the ultimate consequences were disastrous for them.
Kudlow: Are the Clintons the real housing crash villains?

So again, Barney Franks did it. A guy in a minority position in Congress?

Your buttbuddy Bush tried to put Fannie & Freddie oversignt under White House control. He failed because not even Republicans would fall for that power grab.

 

[healthmyths]

Excuse me but where were you when this happened AND with NO increase in arms, infrastructure, tax cuts?
What caused the $9 Trillion in additional debt and WHERE were yoU?
Plus NOTE that GWB was blamed for nearly $600 billion due to TARP...
But were you aware that in spite of TARP being paid back with a profit, Obama still racked up $9 trillion in debt .... and for WHAT?
View attachment 175183

You fucking asshole. 2009 had the Bush recession.,

Just how FUCKING stupid can you get.

But "recession" was caused and later acknowledged by the architect of the recession!


Barney Frank Comes Home to the Facts By Larry Kudlow August 21, 2010
Can you teach an old dog new tricks? In politics, the answer is usually no. Most elected officials cling to their ideological biases, despite the real-world facts that disprove their theories time and again. Most have no common sense, and most never acknowledge that they were wrong.
But one huge exception to this rule is Democrat Barney Frank, chairman of the House Financial Services Committee.
For years, Frank was a staunch supporter of Fannie Mae and Freddie Mac,
the giant government housing agencies that played such an enormous role in the financial meltdown that thrust the economy into the Great Recession.
But in a recent CNBC interview, Frank told me that he was ready to say goodbye to Fannie and Freddie.
"I hope by next year we'll have abolished Fannie and Freddie," he said. Remarkable. And he went on to say that "it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it." He then added, "I had been too sanguine about Fannie and Freddie."
Barney Frank admits truth about Fannie

So, an overweight gay man in a minority position in the House did it.

Well if you want to be a simpleton and blame GWB entirely ,why not?
You blamed GWB... so therefore Frank was to blame as well as Dodd..
Remember these famous words from both? Of course you don't because you don't deal with FACTS... just wild ass guesses!

Many prominent Democrats, including House Finance Chairman Barney Frank, opposed any legislation correcting the risks posed by GSEs.
* House Financial Services Committee Chairman Barney Frank (D-MA) criticized
the President's warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis .
The more people exaggerate these problems,
the more pressure there is on these companies, the less we will see in terms of affordable
housing."...
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae,"
New York Times, 9/11/03)
* Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd also
ignored the President's warnings and called on him to "immediately reconsider his ill-advised"
position. Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze
Is Rejected, As Critics Complain Of Opportunism," New York Times, 8/11/07)
http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle

The seeds of the mortgage meltdown were planted during Bill Clinton's presidency.

Under Clinton's Housing and Urban Development (HUD) secretary, Andrew Cuomo, Community Reinvestment Act regulators gave banks higher ratings for home loans made in "credit-deprived" areas. Banks were effectively rewarded for throwing out sound underwriting standards and writing loans to those who were at high risk of defaulting. If banks didn't comply with these rules, regulators reined in their ability to expand lending and deposits.

These new HUD rules lowered down payments from the traditional 20 percent to 3 percent by 1995 and zero down-payments by 2000. What's more, in the Clinton push to issue home loans to lower income borrowers, Fannie Mae and Freddie Mac made a common practice to virtually end credit documentation, low credit scores were disregarded, and income and job history was also thrown aside. The phrase "subprime" became commonplace. What an understatement.

Next, the Clinton administration's rules ordered the taxpayer-backed Fannie and Freddie to expand their quotas of risky loans from 30 percent of portfolio to 50 percent as part of a big push to expand home ownership.

Fannie and Freddie were securitizing these home loans and offering 100 percent taxpayer guarantees of repayment. So now taxpayers were on the hook for these risky, low down-payment loans.

Tragically, when prices fell, lower-income folks who really could not afford these mortgages under normal credit standards, suffered massive foreclosures and personal bankruptcies. So many will never get credit again. It's a perfect example of liberals using government allegedly to help the poor, but the ultimate consequences were disastrous for them.
Kudlow: Are the Clintons the real housing crash villains?

So again, Barney Franks did it. A guy in a minority position in Congress?

Your buttbuddy Bush tried to put Fannie & Freddie oversignt under White House control. He failed because not even Republicans would fall for that power grab.

You didn't read any of the below did you?

Many prominent Democrats, including House Finance Chairman Barney Frank, opposed any legislation correcting the risks posed by GSEs.
* House Financial Services Committee Chairman Barney Frank (D-MA) criticized the President BUSH!!!! warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis .
The more people exaggerate these problems,
the more pressure there is on these companies, the less we will see in terms of affordable
housing."...
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae,"
New York Times, 9/11/03)
* Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd also
ignored the President's warnings and called on him to "immediately reconsider his ill-advised"
position. Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze
Is Rejected, As Critics Complain Of Opportunism," New York Times, 8/11/07)
http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle

The seeds of the mortgage meltdown were planted during Bill Clinton's presidency.
Under Clinton's Housing and Urban Development (HUD) secretary, Andrew Cuomo, Community Reinvestment Act regulators gave banks higher ratings for home loans made in "credit-deprived" areas. Banks were effectively rewarded for throwing out sound underwriting standards and writing loans to those who were at high risk of defaulting. If banks didn't comply with these rules, regulators reined in their ability to expand lending and deposits.

These new HUD rules lowered down payments from the traditional 20 percent to 3 percent by 1995 and zero down-payments by 2000. What's more, in the Clinton push to issue home loans to lower income borrowers, Fannie Mae and Freddie Mac made a common practice to virtually end credit documentation, low credit scores were disregarded, and income and job history was also thrown aside. The phrase "subprime" became commonplace. What an understatement.

Next, the Clinton administration's rules ordered the taxpayer-backed Fannie and Freddie to expand their quotas of risky loans from 30 percent of portfolio to 50 percent as part of a big push to expand home ownership.

Fannie and Freddie were securitizing these home loans and offering 100 percent taxpayer guarantees of repayment. So now taxpayers were on the hook for these risky, low down-payment loans.

Tragically, when prices fell, lower-income folks who really could not afford these mortgages under normal credit standards, suffered massive foreclosures and personal bankruptcies. So many will never get credit again. It's a perfect example of liberals using government allegedly to help the poor, but the ultimate consequences were disastrous for them.
Kudlow: Are the Clintons the real housing crash villains?

 

[Wyatt earp]

Silence from the Trump crowd.

So he wants to spend:


1.2 on his new nuclear arms race, & he has called for 1.5 trillion in infrastructure spending.



Sounds good to me something we can see ...i still don't have a clue what obozo spent trillions on ...all I got was a lousy $400 bucks and some nice signs to look at...

The Bush Tax cuts
Two quagmire wars
An unfunded expansion to Medicare
Fight the effects of the Bush recession

Name one initiative outside the ARRA that Obama started that was not funded?

Stimulus idiot and Obama went what like 5 years with out a approved budget?

 

[jknowgood]

We just spent 1.5 Trillion on tax cuts.

You're simply lying, jackass.

So you evisently can't read.

Typical dumbass Trumpette.

You're too fucking stupid to comprehend the FACT that tax cuts do not cost anything.

Your weak ass mind has been easily brainwashed by asshole totalitarians.

You fuckwads keep claiming the stimulus bill cost 800 billion. 38% were tax cuts.

So now to excuse your first lie you are telling another lie. That's why you people remain so fucking stupid. In order to learn, you MUST be able to admit it when you are wrong.

You could have learned something today when I informed you of a fact that you didn't know before. However, you chose to double down on remaining stupid. And you've likely been a hard learner for your entire life.

He absolutely knows nothing. Doesn't even know things Obama said and done. He only knows talking points.

 

[Brain357]

You're simply lying, jackass.

So you evisently can't read.

Typical dumbass Trumpette.

You're too fucking stupid to comprehend the FACT that tax cuts do not cost anything.

Your weak ass mind has been easily brainwashed by asshole totalitarians.

You fuckwads keep claiming the stimulus bill cost 800 billion. 38% were tax cuts.

So now to excuse your first lie you are telling another lie. That's why you people remain so fucking stupid. In order to learn, you MUST be able to admit it when you are wrong.

You could have learned something today when I informed you of a fact that you didn't know before. However, you chose to double down on remaining stupid. And you've likely been a hard learner for your entire life.

He absolutely knows nothing. Doesn't even know things Obama said and done. He only knows talking points.

Do you know we are still spending too much?

 

[RealDave]

You're simply lying, jackass.

So you evisently can't read.

Typical dumbass Trumpette.

You're too fucking stupid to comprehend the FACT that tax cuts do not cost anything.

Your weak ass mind has been easily brainwashed by asshole totalitarians.

You fuckwads keep claiming the stimulus bill cost 800 billion. 38% were tax cuts.

So now to excuse your first lie you are telling another lie. That's why you people remain so fucking stupid. In order to learn, you MUST be able to admit it when you are wrong.

You could have learned something today when I informed you of a fact that you didn't know before. However, you chose to double down on remaining stupid. And you've likely been a hard learner for your entire life.

He absolutely knows nothing. Doesn't even know things Obama said and done. He only knows talking points.

You're simply lying, jackass.

So you evisently can't read.

Typical dumbass Trumpette.

You're too fucking stupid to comprehend the FACT that tax cuts do not cost anything.

Your weak ass mind has been easily brainwashed by asshole totalitarians.

You fuckwads keep claiming the stimulus bill cost 800 billion. 38% were tax cuts.

So now to excuse your first lie you are telling another lie. That's why you people remain so fucking stupid. In order to learn, you MUST be able to admit it when you are wrong.

You could have learned something today when I informed you of a fact that you didn't know before. However, you chose to double down on remaining stupid. And you've likely been a hard learner for your entire life.

He absolutely knows nothing. Doesn't even know things Obama said and done. He only knows talking points.

Wow, two fucking dumbasses telling each other how smart they are.

 

[RealDave]

Silence from the Trump crowd.

So he wants to spend:


1.2 on his new nuclear arms race, & he has called for 1.5 trillion in infrastructure spending.



Sounds good to me something we can see ...i still don't have a clue what obozo spent trillions on ...all I got was a lousy $400 bucks and some nice signs to look at...

The Bush Tax cuts
Two quagmire wars
An unfunded expansion to Medicare
Fight the effects of the Bush recession

Name one initiative outside the ARRA that Obama started that was not funded?

Stimulus idiot and Obama went what like 5 years with out a approved budget?

The ARRA is the Stimulus bill,asswipe & it was not funded because it was a stimulus bill. You borrow money to replace that not circulating in the economy during a recession.

6 years the Republicans ran Congress you fucking stupid moron. Who the fuck passes the budgets? Did Obama veto any budgets?

Why are you such a fucking dick? Why the fuck are you people so fucking uninformed?

 

[RealDave]

You fucking asshole. 2009 had the Bush recession.,

Just how FUCKING stupid can you get.

But "recession" was caused and later acknowledged by the architect of the recession!


Barney Frank Comes Home to the Facts By Larry Kudlow August 21, 2010
Can you teach an old dog new tricks? In politics, the answer is usually no. Most elected officials cling to their ideological biases, despite the real-world facts that disprove their theories time and again. Most have no common sense, and most never acknowledge that they were wrong.
But one huge exception to this rule is Democrat Barney Frank, chairman of the House Financial Services Committee.
For years, Frank was a staunch supporter of Fannie Mae and Freddie Mac,
the giant government housing agencies that played such an enormous role in the financial meltdown that thrust the economy into the Great Recession.
But in a recent CNBC interview, Frank told me that he was ready to say goodbye to Fannie and Freddie.
"I hope by next year we'll have abolished Fannie and Freddie," he said. Remarkable. And he went on to say that "it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it." He then added, "I had been too sanguine about Fannie and Freddie."
Barney Frank admits truth about Fannie

So, an overweight gay man in a minority position in the House did it.

Well if you want to be a simpleton and blame GWB entirely ,why not?
You blamed GWB... so therefore Frank was to blame as well as Dodd..
Remember these famous words from both? Of course you don't because you don't deal with FACTS... just wild ass guesses!

Many prominent Democrats, including House Finance Chairman Barney Frank, opposed any legislation correcting the risks posed by GSEs.
* House Financial Services Committee Chairman Barney Frank (D-MA) criticized
the President's warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis .
The more people exaggerate these problems,
the more pressure there is on these companies, the less we will see in terms of affordable
housing."...
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae,"
New York Times, 9/11/03)
* Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd also
ignored the President's warnings and called on him to "immediately reconsider his ill-advised"
position. Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze
Is Rejected, As Critics Complain Of Opportunism," New York Times, 8/11/07)
http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle

The seeds of the mortgage meltdown were planted during Bill Clinton's presidency.

Under Clinton's Housing and Urban Development (HUD) secretary, Andrew Cuomo, Community Reinvestment Act regulators gave banks higher ratings for home loans made in "credit-deprived" areas. Banks were effectively rewarded for throwing out sound underwriting standards and writing loans to those who were at high risk of defaulting. If banks didn't comply with these rules, regulators reined in their ability to expand lending and deposits.

These new HUD rules lowered down payments from the traditional 20 percent to 3 percent by 1995 and zero down-payments by 2000. What's more, in the Clinton push to issue home loans to lower income borrowers, Fannie Mae and Freddie Mac made a common practice to virtually end credit documentation, low credit scores were disregarded, and income and job history was also thrown aside. The phrase "subprime" became commonplace. What an understatement.

Next, the Clinton administration's rules ordered the taxpayer-backed Fannie and Freddie to expand their quotas of risky loans from 30 percent of portfolio to 50 percent as part of a big push to expand home ownership.

Fannie and Freddie were securitizing these home loans and offering 100 percent taxpayer guarantees of repayment. So now taxpayers were on the hook for these risky, low down-payment loans.

Tragically, when prices fell, lower-income folks who really could not afford these mortgages under normal credit standards, suffered massive foreclosures and personal bankruptcies. So many will never get credit again. It's a perfect example of liberals using government allegedly to help the poor, but the ultimate consequences were disastrous for them.
Kudlow: Are the Clintons the real housing crash villains?

So again, Barney Franks did it. A guy in a minority position in Congress?

Your buttbuddy Bush tried to put Fannie & Freddie oversignt under White House control. He failed because not even Republicans would fall for that power grab.

You didn't read any of the below did you?

Many prominent Democrats, including House Finance Chairman Barney Frank, opposed any legislation correcting the risks posed by GSEs.
* House Financial Services Committee Chairman Barney Frank (D-MA) criticized the President BUSH!!!! warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis .
The more people exaggerate these problems,
the more pressure there is on these companies, the less we will see in terms of affordable
housing."...
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae,"
New York Times, 9/11/03)
* Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd also
ignored the President's warnings and called on him to "immediately reconsider his ill-advised"
position. Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze
Is Rejected, As Critics Complain Of Opportunism," New York Times, 8/11/07)
http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle

The seeds of the mortgage meltdown were planted during Bill Clinton's presidency.
Under Clinton's Housing and Urban Development (HUD) secretary, Andrew Cuomo, Community Reinvestment Act regulators gave banks higher ratings for home loans made in "credit-deprived" areas. Banks were effectively rewarded for throwing out sound underwriting standards and writing loans to those who were at high risk of defaulting. If banks didn't comply with these rules, regulators reined in their ability to expand lending and deposits.

These new HUD rules lowered down payments from the traditional 20 percent to 3 percent by 1995 and zero down-payments by 2000. What's more, in the Clinton push to issue home loans to lower income borrowers, Fannie Mae and Freddie Mac made a common practice to virtually end credit documentation, low credit scores were disregarded, and income and job history was also thrown aside. The phrase "subprime" became commonplace. What an understatement.

Next, the Clinton administration's rules ordered the taxpayer-backed Fannie and Freddie to expand their quotas of risky loans from 30 percent of portfolio to 50 percent as part of a big push to expand home ownership.

Fannie and Freddie were securitizing these home loans and offering 100 percent taxpayer guarantees of repayment. So now taxpayers were on the hook for these risky, low down-payment loans.

Tragically, when prices fell, lower-income folks who really could not afford these mortgages under normal credit standards, suffered massive foreclosures and personal bankruptcies. So many will never get credit again. It's a perfect example of liberals using government allegedly to help the poor, but the ultimate consequences were disastrous for them.
Kudlow: Are the Clintons the real housing crash villains?

Newsw: that is not fsact.

Please tell how how Barney Frank stopped the Republicans in the House????? How?????

 

[Wyatt earp]

Silence from the Trump crowd.

So he wants to spend:


1.2 on his new nuclear arms race, & he has called for 1.5 trillion in infrastructure spending.



Sounds good to me something we can see ...i still don't have a clue what obozo spent trillions on ...all I got was a lousy $400 bucks and some nice signs to look at...

The Bush Tax cuts
Two quagmire wars
An unfunded expansion to Medicare
Fight the effects of the Bush recession

Name one initiative outside the ARRA that Obama started that was not funded?

Stimulus idiot and Obama went what like 5 years with out a approved budget?

The ARRA is the Stimulus bill,asswipe & it was not funded because it was a stimulus bill. You borrow money to replace that not circulating in the economy during a recession.

6 years the Republicans ran Congress you fucking stupid moron. Who the fuck passes the budgets? Did Obama veto any budgets?

Why are you such a fucking dick? Why the fuck are you people so fucking uninformed?

So the stimulus Bill was not funded because it was a stimulus bill?


How fucking retarded is that to say meddle dick?

Once again you tard when did Obama sign a budget into law , he went years with no damn budget because the dictator in chief didn't no how to compromise.

 

[RealDave]

Silence from the Trump crowd.

So he wants to spend:


1.2 on his new nuclear arms race, & he has called for 1.5 trillion in infrastructure spending.



Sounds good to me something we can see ...i still don't have a clue what obozo spent trillions on ...all I got was a lousy $400 bucks and some nice signs to look at...

The Bush Tax cuts
Two quagmire wars
An unfunded expansion to Medicare
Fight the effects of the Bush recession

Name one initiative outside the ARRA that Obama started that was not funded?

Stimulus idiot and Obama went what like 5 years with out a approved budget?

The ARRA is the Stimulus bill,asswipe & it was not funded because it was a stimulus bill. You borrow money to replace that not circulating in the economy during a recession.

6 years the Republicans ran Congress you fucking stupid moron. Who the fuck passes the budgets? Did Obama veto any budgets?

Why are you such a fucking dick? Why the fuck are you people so fucking uninformed?

So the stimulus Bill was not funded because it was a stimulus bill?


How fucking retarded is that to say meddle dick?

Once again you tard when did Obama sign a budget into law , he went years with no damn budget because the dictator in chief didn't no how to compromise.

You really don't know shit. Stimulus action is taken during recessions. They are designed to put money into the economy that was reduced in the recession.

If you put on a tax, it would take that money out, if you reduce spending it takes that money out. Take some time off from here & please get educated. Your parents are really embarrassed.

Obama signed budget in 2010 & 2011.

Any budgrs after that were Republican budgets. When did he veto them?

 

[healthmyths]

But "recession" was caused and later acknowledged by the architect of the recession!


Barney Frank Comes Home to the Facts By Larry Kudlow August 21, 2010
Can you teach an old dog new tricks? In politics, the answer is usually no. Most elected officials cling to their ideological biases, despite the real-world facts that disprove their theories time and again. Most have no common sense, and most never acknowledge that they were wrong.
But one huge exception to this rule is Democrat Barney Frank, chairman of the House Financial Services Committee.
For years, Frank was a staunch supporter of Fannie Mae and Freddie Mac,
the giant government housing agencies that played such an enormous role in the financial meltdown that thrust the economy into the Great Recession.
But in a recent CNBC interview, Frank told me that he was ready to say goodbye to Fannie and Freddie.
"I hope by next year we'll have abolished Fannie and Freddie," he said. Remarkable. And he went on to say that "it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it." He then added, "I had been too sanguine about Fannie and Freddie."
Barney Frank admits truth about Fannie

So, an overweight gay man in a minority position in the House did it.

Well if you want to be a simpleton and blame GWB entirely ,why not?
You blamed GWB... so therefore Frank was to blame as well as Dodd..
Remember these famous words from both? Of course you don't because you don't deal with FACTS... just wild ass guesses!

Many prominent Democrats, including House Finance Chairman Barney Frank, opposed any legislation correcting the risks posed by GSEs.
* House Financial Services Committee Chairman Barney Frank (D-MA) criticized
the President's warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis .
The more people exaggerate these problems,
the more pressure there is on these companies, the less we will see in terms of affordable
housing."...
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae,"
New York Times, 9/11/03)
* Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd also
ignored the President's warnings and called on him to "immediately reconsider his ill-advised"
position. Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze
Is Rejected, As Critics Complain Of Opportunism," New York Times, 8/11/07)
http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle

The seeds of the mortgage meltdown were planted during Bill Clinton's presidency.

Under Clinton's Housing and Urban Development (HUD) secretary, Andrew Cuomo, Community Reinvestment Act regulators gave banks higher ratings for home loans made in "credit-deprived" areas. Banks were effectively rewarded for throwing out sound underwriting standards and writing loans to those who were at high risk of defaulting. If banks didn't comply with these rules, regulators reined in their ability to expand lending and deposits.

These new HUD rules lowered down payments from the traditional 20 percent to 3 percent by 1995 and zero down-payments by 2000. What's more, in the Clinton push to issue home loans to lower income borrowers, Fannie Mae and Freddie Mac made a common practice to virtually end credit documentation, low credit scores were disregarded, and income and job history was also thrown aside. The phrase "subprime" became commonplace. What an understatement.

Next, the Clinton administration's rules ordered the taxpayer-backed Fannie and Freddie to expand their quotas of risky loans from 30 percent of portfolio to 50 percent as part of a big push to expand home ownership.

Fannie and Freddie were securitizing these home loans and offering 100 percent taxpayer guarantees of repayment. So now taxpayers were on the hook for these risky, low down-payment loans.

Tragically, when prices fell, lower-income folks who really could not afford these mortgages under normal credit standards, suffered massive foreclosures and personal bankruptcies. So many will never get credit again. It's a perfect example of liberals using government allegedly to help the poor, but the ultimate consequences were disastrous for them.
Kudlow: Are the Clintons the real housing crash villains?

So again, Barney Franks did it. A guy in a minority position in Congress?

Your buttbuddy Bush tried to put Fannie & Freddie oversignt under White House control. He failed because not even Republicans would fall for that power grab.

You didn't read any of the below did you?

Many prominent Democrats, including House Finance Chairman Barney Frank, opposed any legislation correcting the risks posed by GSEs.
* House Financial Services Committee Chairman Barney Frank (D-MA) criticized the President BUSH!!!! warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis .
The more people exaggerate these problems,
the more pressure there is on these companies, the less we will see in terms of affordable
housing."...
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae,"
New York Times, 9/11/03)
* Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd also
ignored the President's warnings and called on him to "immediately reconsider his ill-advised"
position. Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze
Is Rejected, As Critics Complain Of Opportunism," New York Times, 8/11/07)
http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle

The seeds of the mortgage meltdown were planted during Bill Clinton's presidency.
Under Clinton's Housing and Urban Development (HUD) secretary, Andrew Cuomo, Community Reinvestment Act regulators gave banks higher ratings for home loans made in "credit-deprived" areas. Banks were effectively rewarded for throwing out sound underwriting standards and writing loans to those who were at high risk of defaulting. If banks didn't comply with these rules, regulators reined in their ability to expand lending and deposits.

These new HUD rules lowered down payments from the traditional 20 percent to 3 percent by 1995 and zero down-payments by 2000. What's more, in the Clinton push to issue home loans to lower income borrowers, Fannie Mae and Freddie Mac made a common practice to virtually end credit documentation, low credit scores were disregarded, and income and job history was also thrown aside. The phrase "subprime" became commonplace. What an understatement.

Next, the Clinton administration's rules ordered the taxpayer-backed Fannie and Freddie to expand their quotas of risky loans from 30 percent of portfolio to 50 percent as part of a big push to expand home ownership.

Fannie and Freddie were securitizing these home loans and offering 100 percent taxpayer guarantees of repayment. So now taxpayers were on the hook for these risky, low down-payment loans.

Tragically, when prices fell, lower-income folks who really could not afford these mortgages under normal credit standards, suffered massive foreclosures and personal bankruptcies. So many will never get credit again. It's a perfect example of liberals using government allegedly to help the poor, but the ultimate consequences were disastrous for them.
Kudlow: Are the Clintons the real housing crash villains?

Newsw: that is not fsact.

Please tell how how Barney Frank stopped the Republicans in the House????? How?????

Barney Frank Comes Home to the Facts By Larry Kudlow August 21, 2010
Can you teach an old dog new tricks? In politics, the answer is usually no. Most elected officials cling to their ideological biases, despite the real-world facts that disprove their theories time and again. Most have no common sense, and most never acknowledge that they were wrong.
But one huge exception to this rule is Democrat Barney Frank, chairman of the House Financial Services Committee.
For years, Frank was a staunch supporter of Fannie Mae and Freddie Mac,
the giant government housing agencies that played such an enormous role in the financial meltdown that thrust the economy into the Great Recession.
But in a recent CNBC interview, Frank told me that he was ready to say goodbye to Fannie and Freddie.
"I hope by next year we'll have abolished Fannie and Freddie," he said. Remarkable. And he went on to say that "it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it." He then added, "I had been too sanguine about Fannie and Freddie."
Barney Frank admits truth about Fannie[/QUOTE]

 

[Thinker101]

We just spent 1.5 Trillion on tax cuts. Trump wants to spend 1.2 on his new nuclear arms race, & he has called for 1.5 trillion in infrastructure spending.

That is 4.2 billion over say ten years. 420 billion a year new spending without a peep on funding.

We are already racing toward a trillion dollar deficit.

We are not mired in a deep recession (yet). Our economy is going OK. Employment is OK. We do not need such an economic shot in the arm.

LOL...way too funny. "Spender in Chief"...WTF, do all libs have a bad case of dementia.

 

[Brain357]

We just spent 1.5 Trillion on tax cuts. Trump wants to spend 1.2 on his new nuclear arms race, & he has called for 1.5 trillion in infrastructure spending.

That is 4.2 billion over say ten years. 420 billion a year new spending without a peep on funding.

We are already racing toward a trillion dollar deficit.

We are not mired in a deep recession (yet). Our economy is going OK. Employment is OK. We do not need such an economic shot in the arm.

LOL...way too funny. "Spender in Chief"...WTF, do all libs have a bad case of dementia.

You are aware that with Repubs controlling the government that the debt still grows right? After years of claiming to be fiscally responsible...

 

[jknowgood]

So you evisently can't read.

Typical dumbass Trumpette.

You're too fucking stupid to comprehend the FACT that tax cuts do not cost anything.

Your weak ass mind has been easily brainwashed by asshole totalitarians.

You fuckwads keep claiming the stimulus bill cost 800 billion. 38% were tax cuts.

So now to excuse your first lie you are telling another lie. That's why you people remain so fucking stupid. In order to learn, you MUST be able to admit it when you are wrong.

You could have learned something today when I informed you of a fact that you didn't know before. However, you chose to double down on remaining stupid. And you've likely been a hard learner for your entire life.

He absolutely knows nothing. Doesn't even know things Obama said and done. He only knows talking points.

So you evisently can't read.

Typical dumbass Trumpette.

You're too fucking stupid to comprehend the FACT that tax cuts do not cost anything.

Your weak ass mind has been easily brainwashed by asshole totalitarians.

You fuckwads keep claiming the stimulus bill cost 800 billion. 38% were tax cuts.

So now to excuse your first lie you are telling another lie. That's why you people remain so fucking stupid. In order to learn, you MUST be able to admit it when you are wrong.

You could have learned something today when I informed you of a fact that you didn't know before. However, you chose to double down on remaining stupid. And you've likely been a hard learner for your entire life.

He absolutely knows nothing. Doesn't even know things Obama said and done. He only knows talking points.

Wow, two fucking dumbasses telling each other how smart they are.

 

[Harpy Eagle]

We just spent 1.5 Trillion on tax cuts. Trump wants to spend 1.2 on his new nuclear arms race, & he has called for 1.5 trillion in infrastructure spending.

That is 4.2 billion over say ten years. 420 billion a year new spending without a peep on funding.

We are already racing toward a trillion dollar deficit.

We are not mired in a deep recession (yet). Our economy is going OK. Employment is OK. We do not need such an economic shot in the arm.

LOL...way too funny. "Spender in Chief"...WTF, do all libs have a bad case of dementia.

You are aware that with Repubs controlling the government that the debt still grows right? After years of claiming to be fiscally responsible...

You make much too big of an assumption. How would he be aware of that? None of the sources he gets his information from would ever tell him that.

 

[RealDave]

You're too fucking stupid to comprehend the FACT that tax cuts do not cost anything.

Your weak ass mind has been easily brainwashed by asshole totalitarians.

You fuckwads keep claiming the stimulus bill cost 800 billion. 38% were tax cuts.

So now to excuse your first lie you are telling another lie. That's why you people remain so fucking stupid. In order to learn, you MUST be able to admit it when you are wrong.

You could have learned something today when I informed you of a fact that you didn't know before. However, you chose to double down on remaining stupid. And you've likely been a hard learner for your entire life.

He absolutely knows nothing. Doesn't even know things Obama said and done. He only knows talking points.

You're too fucking stupid to comprehend the FACT that tax cuts do not cost anything.

Your weak ass mind has been easily brainwashed by asshole totalitarians.

You fuckwads keep claiming the stimulus bill cost 800 billion. 38% were tax cuts.

So now to excuse your first lie you are telling another lie. That's why you people remain so fucking stupid. In order to learn, you MUST be able to admit it when you are wrong.

You could have learned something today when I informed you of a fact that you didn't know before. However, you chose to double down on remaining stupid. And you've likely been a hard learner for your entire life.

He absolutely knows nothing. Doesn't even know things Obama said and done. He only knows talking points.

Wow, two fucking dumbasses telling each other how smart they are.

View attachment 175572

Wow,. a fucking ignorant Trumpette claiming others don't believe in facts.

Now that is some funny chit

 

[jknowgood]

You fuckwads keep claiming the stimulus bill cost 800 billion. 38% were tax cuts.

So now to excuse your first lie you are telling another lie. That's why you people remain so fucking stupid. In order to learn, you MUST be able to admit it when you are wrong.

You could have learned something today when I informed you of a fact that you didn't know before. However, you chose to double down on remaining stupid. And you've likely been a hard learner for your entire life.

He absolutely knows nothing. Doesn't even know things Obama said and done. He only knows talking points.

You fuckwads keep claiming the stimulus bill cost 800 billion. 38% were tax cuts.

So now to excuse your first lie you are telling another lie. That's why you people remain so fucking stupid. In order to learn, you MUST be able to admit it when you are wrong.

You could have learned something today when I informed you of a fact that you didn't know before. However, you chose to double down on remaining stupid. And you've likely been a hard learner for your entire life.

He absolutely knows nothing. Doesn't even know things Obama said and done. He only knows talking points.

Wow, two fucking dumbasses telling each other how smart they are.

View attachment 175572

Wow,. a fucking ignorant Trumpette claiming others don't believe in facts.

Now that is some funny chit

You only believe in talking points.

 

[rightwinger]

Silence from the Trump crowd.

Silence from the Tea Party who stormed Washington when Obama tried to spend money but are strangely silent when Trump borrows $1.5 trillion to give to the wealthy