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New Study Finds Democrats Fully to Blame for Subprime Mortgage Crisis

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Old 12-23-2012, 07:14 AM
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Cool New Study Finds Democrats Fully to Blame for Subprime Mortgage Crisis
by Jim Hoft at Human Events blogs posts this absolutely shocking item:


In his early activist days, Barack Obama the community organizer sued banks to ease lending practices.

Quote:
State Sen. Barack Obama and Fr. Michael Pfleger led a protest against the payday loan industry demanding the State of Illinois to regulate loan businesses in January 2000. During his time as a community organizer Barack Obama led several protests against banks to make loans to high risk individuals. (NBC 5 Week of January 3, 2000)

Here’s something that won’t get any play in the liberal media…
A new study by the respected National Bureau of Economic Research found that Democrats are to blame for the subprime mortgage crisis.
Investor’s Business Daily reported:
Read more @ New Study Finds Democrats Fully to Blame for Subprime Mortgage Crisis | Conservative News, Views & Books

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Old 12-23-2012, 07:16 AM
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Where my Obama money at?
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Old 12-23-2012, 07:19 AM
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Already been a thread on this debunked bullshit. New study confirms democrats crashed the economy DUH...
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Old 12-23-2012, 07:22 AM
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LOL. The truth is well known to most American Voters. That is why our President was re-elected. We know who created the economic debacle of 2008. And it was not the Dems.

But by going back and trying to re-write history, the GOP is once again demonstrating the basic dishonesty that their now extremist positions have forced them into. And the voters in our nation recognized that extremism for what it is.
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Old 12-23-2012, 07:28 AM
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Cool
Quote: Originally Posted by Old Rocks View Post
LOL. The truth is well known to most American Voters. That is why our President was re-elected. We know who created the economic debacle of 2008. And it was not the Dems.

But by going back and trying to re-write history, the GOP is once again demonstrating the basic dishonesty that their now extremist positions have forced them into. And the voters in our nation recognized that extremism for what it is.
Please be explicit about where this piece is in error.
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Old 12-23-2012, 07:33 AM
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Quote: Originally Posted by longknife View Post
Quote: Originally Posted by Old Rocks View Post
LOL. The truth is well known to most American Voters. That is why our President was re-elected. We know who created the economic debacle of 2008. And it was not the Dems.

But by going back and trying to re-write history, the GOP is once again demonstrating the basic dishonesty that their now extremist positions have forced them into. And the voters in our nation recognized that extremism for what it is.
Please be explicit about where this piece is in error.
It already was in the other thread on the topic. Read...New study confirms democrats crashed the economy DUH...
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Old 12-23-2012, 07:46 AM
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This tale has made its way onto that long list of rightwing myths that will never die.
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Old 12-23-2012, 07:48 AM
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You are misinformed. It was Bush's fault.
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Old 12-23-2012, 07:49 AM
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Quote: Originally Posted by Seawytch View Post
Already been a thread on this debunked bullshit. New study confirms democrats crashed the economy DUH...
Yeah....nobody cares.
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Old 12-23-2012, 07:53 AM
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No one is doubting the effectiveness of the left wing propaganda. I would guess that the majority of Obama voters have absolutely no idea what happened with the subprime leanding. I have talked to many liberals and am disappointed with their ability to either ignore the facts or keep themselves completely ignorant of the facts. I believe that they keep themselves ignorant because that is more self-serving.

So be it with the economy. The economy started it crash after the democrats took both houses. They could have done, and did, almost anything they wanted. They had a full year of filbuster proof majority with control of all three branches, yet here we are and the left blames anyone other then their own self.

5 trillion dollars of debt put on our grandchildren and most Obama supporters would either say, who cares or it is a lie. 6 trillion now and counting and what did we get? An 8 percent unemployment rate and a stock market that is pretty much flat lined. Pretty damn expensive medocricy.

The housing bubble was all democrats. They were warned but they put ideology ahead of practicality. Sure their intent sounded good, to put people into houses but the practicality of putting a person in a house they could never afford in the first place apparently never struck home.

The White House Warned Congress About Fannie Mae Freddie Mac 17 Times In 2008, Alone

The White House Warned Congress About Fannie Mae Freddie Mac 17 Times In 2008, Alone « Nice Deb

Now, listen to his own words Barney saying that there were no problems:


Democrats were WARNED of Financial crisis and did NOTHING
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Old 12-23-2012, 07:55 AM
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Please link us to the study so we can read it ourselves and deside wether it actually is saying what the OP claims its saying.
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Old 12-23-2012, 07:57 AM
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.

Anyone who thinks the Meltdown of 2008 can be simplistically blamed on just one group of people is either profoundly under-informed or operating in abject partisan denial.

Maybe both.

.
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Last edited by Mac1958; 12-23-2012 at 07:59 AM.
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Old 12-23-2012, 07:59 AM
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Quote: Originally Posted by Mac1958 View Post
.

Anyone who thinks the Meltdown of 2008 can simplistically blamed on just one group of people is either profoundly under-informed or operating in abject partisan denial.

Maybe both.

.
I think the folks that are running things and the folks that are leaving Washington the end of the year had a hand in it. There's plenty of blame to go around.
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Old 12-23-2012, 08:00 AM
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LINK???????


come on guys link us up to the actual study?
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Old 12-23-2012, 08:40 AM
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Quote: Originally Posted by Old Rocks View Post
LOL. The truth is well known to most American Voters. That is why our President was re-elected. We know who created the economic debacle of 2008. And it was not the Dems.
It wasn't the Republicans either.

It was Hank Paulson (Treasury Sec. Goldman Sachs) who said "There will be Martial Law" if the Banks don't get a Bailout.

Goldman Sachs and J.P. Morgan own enough of our Elected Officials (To include Obama) that they run the country.
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