The Trump implosion

[jc456]

The housing policy, relaxing loan standards for low income people, allowed people who really could not afford the loans to get the loans anyway. This is one thing that lead to the housing bubble. Tax cuts.....No, they did not. That being said, lower taxes would help a family to afford that house payment.

Interesting you say that because household debt skyrocketed immediately after the Bush Tax Cuts. So, no, tax cuts did not help a family afford a house payment. All the Bush Tax Cuts did was push people into debt.

But why would Bush tie his tax policy to the housing market?

If you believe that tax cuts created the housing bubble, then you should also believe that higher taxes would have prevented the housing bubble.

They probably would have. But that's really beside the point. It's Bush who tied his tax cuts to his housing policy. So if it had nothing to do with the housing bubble, why did Bush tie the two together?

it was all about the housing bubble created by low income mortgages. read up. Acorn.

 

[The Derp]

how did that happen? why did households go into debt when they got more money to spend? explain your position.

Simple. Tax cuts weren't just at the federal level...they trickled down to the state level as well. Tax cuts reduce revenues, which produce deficits. To close those deficits, spending is cut. What's the first spending always on the chopping block? Education and health care. So people got an income tax cut, but saw tuition and health care costs rise because of less government spending. So those families had to go into debt to do things like pay medical bills or send their kids to college. Or states raised things like user fees, registration fees, and excise taxes to make up for the deficit caused by tax cuts. We saw it happen in Kansas, Wisconsin, Arizona, Louisiana, and other red states who cut taxes, produced huge deficits, then used welfare to plug those gaps, taking it out of the hands of the people who need it and transferring it to the top to pay for tax cuts we were promised would pay for themselves.

So that's how household debt skyrockets after tax cuts:

So you can see from the chart above that debt seemed to spike in 1985-6 (after Reagan's "tax reform"), and again in 2001-7. Now what happened from 2001-7 that caused household debt to skyrocket? TAX CUTS that stole from the poor to give to the rich.

 

[The Derp]

whose grand jury would it be you are referring to?

Federal grand jury.

 

[P@triot]

Get lost idiot, you got smashed on facts and have zero response except dodging on to some other bullshit.

Typical response from a progressive who brought propaganda to a discussion and was forced to look facts in the face for the first time.

 

[P@triot]

Lerner was a Bush appointee who directed her understaffed team to siphon out groups with certain words in their titles because of the Citizens United decision that led to all these groups appearing out of nowhere.

Bwahahaha! That's it? That's your excuse for the scandal? Holy shit - that his hilarious. I've never heard that one before.

It's a cute story (bizarre as hell and idiotic - but cute). However, how do you explain why her hard drive was destroyed by the Obama Administration? Oops...

 

[The Derp]

it was all about the housing bubble created by low income mortgages. read up. Acorn.

No, fucker, you need to read up. The mortgage bubble was caused by subprime loans that saw their standards "dramatically weakened" starting in 2004 and extending into 2007. So who was in charge from 2004-7? Who do regulators work for? What branch of government?

 

[The Derp]

Bwahahaha! That's it? That's your excuse for the scandal? Holy shit - that his hilarious. I've never heard that one before.

Maybe you never heard it because you have your head up your ass.

 

[The Derp]

It's a cute story (bizarre as hell and idiotic - but cute). However, how do you explain why her hard drive was destroyed by the Obama Administration? Oops...

It wasn't destroyed by the Obama Administration. Lerner confessed the reason she did what she did was because the IRS was understaffed (thanks to Conservatives who cut IRS funding) and had thousands of PACs to examine. Furthermore let's talk about the irony of Conservative PACs, who argued in 2012 that not enough people pay taxes, screeching about not having to pay taxes.

 

[P@triot]

Lerner was a Bush appointee who directed her understaffed team to siphon out groups with certain words in their titles because of the Citizens United decision that led to all these groups appearing out of nowhere.

Here you dumb-shit partisan hack....

In May 2013, the Treasury Inspector General for Tax Administration released a report indicating the targeting involved delaying the processing of applications by certain conservative groups and requesting information from them that was later deemed unnecessary.

1. Your idiotic spin doesn't explain why the Treasury Inspector General concluded something drastically different than your lame ass excuse. And he was under the Obama Administration.
2. Your idiotic spin doesn't explain why the IRS requested additional info that was completely unnecessary to the requests - especially if Lois's "understaffed team" was trying to reduce work. That created extra and unnecessary work.

You dumb fuck'n tool...you just got bent over in front of everyone.

IRS Scandal Fast Facts - CNN.com

 

[Votto]

Considering how Obama was monitoring Trump and everyone around him this scandal being revealed is of no surprise.

Imagine the dirt we could dig up on Obama had the NSA gone public with every scandal he was involved with. Instead, we are told that scandals such as the IRS targeting conservatives was no big deal and all of their e-mails could not be retrieved.

 

[Hutch Starskey]

Wrong on your first point

Are you fucking stupid or something? Who else was in the room with Trump when he met with the Russians? No American news agency was there. No democratic politicians were there. Not even members of Trump's Administration were there. So how could someone leak details of a meeting they weren't even in? YOUR ARGUMENT MAKES NO FUCKING SENSE, ASSHOLE.

s for your second point as CIC he makes those decisions, its not your place to armchair quarterback the POTUS with a half ass understanding of the situation

Nor is it your place to defend it without knowing the facts either. You weren't in the room with Trump and Russia, so you have no idea what they talked about. It wasn't until after the meeting that Trump and the Russians let it slip that Trump shared classified intel with them. We don't know what that intel was, or why he did it. And it's insane to me (And reminiscent of the blank check you clowns gave Bush during Iraq and 9/11) for you to know the details of what was shared with the Russians without even being in the room. What we do know is that Trump sharing the intel with Russia pissed off the Israelis enough that he had to call them to apologize. So what the fuck?

sAs for your third point, that asshole in the media claimed people were going to die yesterday, well did they? No. It was way over the line.

You don't know if they did or didn't because you don't even know what information was shared with Russia. Whatever it was, it was enough to piss off the Israelis.

Look, you are obviously an imbecile it was widely reported who was in the room during this meeting. Here have an eyeroll

Which one was Obama's guy?

 

[P@triot]

It wasn't destroyed by the Obama Administration.

You dumb-shit...you just keep digging a deeper and deeper hole for yourself. That's what happens when one lies and attempts to spread propaganda.

Meet the Shredder That Destroyed Lois Lerner's Hard Drive

IRS destruction of Lois Lerner’s hard drive confirmed in court filings

IRS Wipes Another Hard Drive Defying Court Order...But You Must Keep Tax Records

Lois Lerner's Hard Drive Destroyed

 

[The Derp]

In May 2013, the Treasury Inspector General for Tax Administration released a report indicating the targeting involved delaying the processing of applications by certain conservative groups and requesting information from them that was later deemed unnecessary.

LOL! Did you read that report, or do you just repeat shit you hear from other right-wingers?

Here's what the report actually says:

We asked the Acting Commissioner, Tax Exempt and Government Entities Division; the
Director, EO; and Determinations Unit personnel if the criteria were influenced by any
individual or organization outside the IRS. All of these officials stated that the criteria were not
influenced by any individual or organization outside the IRS. Instead, the Determinations Unit
developed and implemented inappropriate criteria in part due to insufficient oversight provided
by management.

So your claim that Obama directed the IRS to target teabaggers is fucking false.

 

[jc456]

it was all about the housing bubble created by low income mortgages. read up. Acorn.

No, fucker, you need to read up. The mortgage bubble was caused by subprime loans that saw their standards "dramatically weakened" starting in 2004 and extending into 2007. So who was in charge from 2004-7? Who do regulators work for? What branch of government?

Acorn. freddy mac and fannie mae. it's quite simple. All one has to do is look it up.

 

[P@triot]

Furthermore let's talk about the irony of Conservative PACs, who argued in 2012 that not enough people pay taxes, screeching about not having to pay taxes.

Allow me to finish that sentence for you....

"Furthermore, let's talk about.....anything that can distract from the fact that I got caught lying and trying to cover up for the corruption of Barack Insane Obama and his administration".

Snowflake...you are way out of your league here. You post like a 10 year old. I'm well informed, well educated, and have piles of data on this stuff. I'll run circles around you all day. You're wise to attempt to change the conversation now, but you would have been wiser to either walk away or own up to the fact that Barack Insane Obama was a corrupt dirt-bag who violated the U.S. Constitution literally dozens and dozens of times and should have been brought up on some serious charges.

 

[The Derp]

You dumb-shit...you just keep digging a deeper and deeper hole for yourself. That's what happens when one lies and attempts to spread propaganda.

You claim Obama did it. None of those links prove that claim.

 

[jc456]

Bwahahaha! That's it? That's your excuse for the scandal? Holy shit - that his hilarious. I've never heard that one before.

Maybe you never heard it because you have your head up your ass.

what one says when one has nothing.

 

[P@triot]

In May 2013, the Treasury Inspector General for Tax Administration released a report indicating the targeting involved delaying the processing of applications by certain conservative groups and requesting information from them that was later deemed unnecessary.

LOL! Did you read that report, or do you just repeat shit you hear from other right-wingers?

CNN are "right-wingers" now, snowflake?

 

[The Derp]

Acorn. freddy mac and fannie mae. it's quite simple. All one has to do is look it up.

LOL! How wrong you are, fuckface. GSE market share between 2004-7 was cut in half. Also, prior to 2004, Clinton's HUD rule prohibited GSE's from purchasing risky subprimes. Bush reversed that rule in 2004. Why did he do that?

 

[P@triot]

You dumb-shit...you just keep digging a deeper and deeper hole for yourself. That's what happens when one lies and attempts to spread propaganda.

You claim Obama did it. None of those links prove that claim.

He was head of the Executive branch snownflake. Nobody is destroying evidence without him directing them to do so. That's why Lois Lerner pleaded the 5th. She didn't want to burn Obama, but she also didn't want to commit perjury.

Obama made her a sweet deal to simply plead the 5th and she took.