FACTS on Dubya's great recession

[Dad2three]

Dad2Three is a blithering idiot.

Got, YOU hate facts and fact based data and prefer to live in the right wing bubble where Barney Frank, minority member of the GOP majority House 1995- Jan 2007, had super duper powers to make the GOP and Dubya do his bidding!

dear, the point is the Republicans in general are opposed to govt interference will liberals favor it. Do you understand now?

Sure, that's why you couldn't refute the UNANIMOUS GOP support of the ADDI in 2003 and Gov't backing the zero down loans the PRIVATE MARKETS made in Dubya's subprime bubble!

 

[EdwardBaiamonte]

Got, YOU hate facts and fact based data and prefer to live in the right wing bubble where Barney Frank, minority member of the GOP majority House 1995- Jan 2007, had super duper powers to make the GOP and Dubya do his bidding!

dear, the point is the Republicans in general are opposed to govt interference will liberals favor it. Do you understand now?

Sure, that's why you couldn't refute the UNANIMOUS GOP support of the ADDI in 2003 and Gov't backing the zero down loans the PRIVATE MARKETS made in Dubya's subprime bubble!

dear are you trying to argue that conservatives are for intervention and liberals are not?? Do you have any idea??

 

[Dad2three]

dear, the point is the Republicans in general are opposed to govt interference will liberals favor it. Do you understand now?

Sure, that's why you couldn't refute the UNANIMOUS GOP support of the ADDI in 2003 and Gov't backing the zero down loans the PRIVATE MARKETS made in Dubya's subprime bubble!

dear are you trying to argue that conservatives are for intervention and liberals are not?? Do you have any idea??

So you'll play my bitch again and ignore the GOP's support for Gov't intervention in the markets....

 

[edthecynic]

The jobs lost in the recession were lost BECAUSE of Republican Policies,

the basic Republican policy is freedom and capitalism. How could that cause a recession?

Advocates of capitalism are very apt to appeal to the sacred principles of liberty, which are embodied in one maxim: The fortunate must not be restrained in the exercise of tyranny over the unfortunate.
Bertrand Russell

 

[Dad2three]

The jobs lost in the recession were lost BECAUSE of Republican Policies,

the basic Republican policy is freedom and capitalism. How could that cause a recession?

Advocates of capitalism are very apt to appeal to the sacred principles of liberty, which are embodied in one maxim: The fortunate must not be restrained in the exercise of tyranny over the unfortunate.
Bertrand Russell

"Capitalism is the extraordinary belief that the nastiest of men for the nastiest of motives will somehow work for the benefit of all." - John Maynard Keynes

 

[EdwardBaiamonte]

the basic Republican policy is freedom and capitalism. How could that cause a recession?

Advocates of capitalism are very apt to appeal to the sacred principles of liberty, which are embodied in one maxim: The fortunate must not be restrained in the exercise of tyranny over the unfortunate.
Bertrand Russell

"Capitalism is the extraordinary belief that the nastiest of men for the nastiest of motives will somehow work for the benefit of all." - John Maynard Keynes

As Communist Party General Secretary William Z. Foster commented, "The Nazi fascists were especially enthusiastic supporters of Keynes."[65] Former Trotskyite[66] Dobbs recounted that Harvard economist Joseph Schumpeter observed that in Nazi Germany, "A work like Keynes’ General Theory could have appeared unmolested—and did." In the introduction to the 1936 German edition of his treatise, Keynes himself suggested that the total state that the National Socialists were then building was perfectly suited for the implementation of his investment schemes:

“ The theory of aggregate production that is the goal of the following book can be much more easily applied to the conditions of a totalitarian state than the theory of production and distribution of a given output turned out under the conditions of free competition and a considerable degree of laissez-faire.[67]

 

[Dad2three]

Advocates of capitalism are very apt to appeal to the sacred principles of liberty, which are embodied in one maxim: The fortunate must not be restrained in the exercise of tyranny over the unfortunate.
Bertrand Russell

"Capitalism is the extraordinary belief that the nastiest of men for the nastiest of motives will somehow work for the benefit of all." - John Maynard Keynes

As Communist Party General Secretary William Z. Foster commented, "The Nazi fascists were especially enthusiastic supporters of Keynes."[65] Former Trotskyite[66] Dobbs recounted that Harvard economist Joseph Schumpeter observed that in Nazi Germany, "A work like Keynes’ General Theory could have appeared unmolested—and did." In the introduction to the 1936 German edition of his treatise, Keynes himself suggested that the total state that the National Socialists were then building was perfectly suited for the implementation of his investment schemes:

“ The theory of aggregate production that is the goal of the following book can be much more easily applied to the conditions of a totalitarian state than the theory of production and distribution of a given output turned out under the conditions of free competition and a considerable degree of laissez-faire.[67]

And Friedman, Thatcher and Reagan ACTUALLY supported Pinochet. AND? Grow a brain Bubba!

 

[EdwardBaiamonte]

"Capitalism is the extraordinary belief that the nastiest of men for the nastiest of motives will somehow work for the benefit of all." - John Maynard Keynes

As Communist Party General Secretary William Z. Foster commented, "The Nazi fascists were especially enthusiastic supporters of Keynes."[65] Former Trotskyite[66] Dobbs recounted that Harvard economist Joseph Schumpeter observed that in Nazi Germany, "A work like Keynes’ General Theory could have appeared unmolested—and did." In the introduction to the 1936 German edition of his treatise, Keynes himself suggested that the total state that the National Socialists were then building was perfectly suited for the implementation of his investment schemes:

“ The theory of aggregate production that is the goal of the following book can be much more easily applied to the conditions of a totalitarian state than the theory of production and distribution of a given output turned out under the conditions of free competition and a considerable degree of laissez-faire.[67]

And Friedman, Thatcher and Reagan ACTUALLY supported Pinochet. AND? Grow a brain Bubba!

they supported capitalism everywhere because capitalism
saves million and millions of lives as it just did in China instantly eliminating 40% of world poverty.

 

[Dad2three]

As Communist Party General Secretary William Z. Foster commented, "The Nazi fascists were especially enthusiastic supporters of Keynes."[65] Former Trotskyite[66] Dobbs recounted that Harvard economist Joseph Schumpeter observed that in Nazi Germany, "A work like Keynes’ General Theory could have appeared unmolested—and did." In the introduction to the 1936 German edition of his treatise, Keynes himself suggested that the total state that the National Socialists were then building was perfectly suited for the implementation of his investment schemes:

“ The theory of aggregate production that is the goal of the following book can be much more easily applied to the conditions of a totalitarian state than the theory of production and distribution of a given output turned out under the conditions of free competition and a considerable degree of laissez-faire.[67]

And Friedman, Thatcher and Reagan ACTUALLY supported Pinochet. AND? Grow a brain Bubba!

they supported capitalism everywhere because capitalism
saves million and millions of lives as it just did in China instantly eliminating 40% of world poverty.

LOL, Yeah, right wing authoritarian dictators are who they supported!

 

[EdwardBaiamonte]

And Friedman, Thatcher and Reagan ACTUALLY supported Pinochet. AND? Grow a brain Bubba!

they supported capitalism everywhere because capitalism
saves million and millions of lives as it just did in China instantly eliminating 40% of world poverty.

LOL, Yeah, right wing authoritarian dictators are who they supported!

dear, if they were anti communist they deserved to be supported given that liberal communism had just slowly starved 125 milion to death and had nuclear weapons trained on us? Do you really lack the IQ to understand that?

 

[Faun]

The jobs lost in the recession were lost BECAUSE of Republican Policies,

the basic Republican policy is freedom and capitalism. How could that cause a recession?

It allowed the credit markets, thanks to the backing of the GSE's, to dole out loans to those who couldn't afford them. Once enough of those loans went bad, the economy collapsed. Had there been more oversight back in the early to mid 2000's, that likely would not have happened.

 

[Faun]

Dad2Three is a blithering idiot.

Got, YOU hate facts and fact based data and prefer to live in the right wing bubble where Barney Frank, minority member of the GOP majority House 1995- Jan 2007, had super duper powers to make the GOP and Dubya do his bidding!

dear, the point is the Republicans in general are opposed to govt interference will liberals favor it. Do you understand now?

Is that why the Republican-led Congress didn't pass a single bill with oversight of the GSE's between 2003 and 2006?

 

[Dad2three]

The jobs lost in the recession were lost BECAUSE of Republican Policies,

the basic Republican policy is freedom and capitalism. How could that cause a recession?

It allowed the credit markets, thanks to the backing of the GSE's, to dole out loans to those who couldn't afford them. Once enough of those loans went bad, the economy collapsed. Had there been more oversight back in the early to mid 2000's, that likely would not have happened.

Nope, GSE's failed thanks to Dubya REQUIRING them to purchase $440 BILLION in MBS's in 2002. He upped the goals from 50% to 56% AND dropped Clinton's rule that couldn't count subprimes

"(In 2000, CLINTON ) HUD restricted Freddie and Fannie, saying it would not credit them for loans they purchased that had abusively high costs or that were granted without regard to the borrower's ability to repay."

How HUD Mortgage Policy Fed The Crisis

"In 2004 (BUSH), the 2000 rules were dropped and high‐risk loans were again counted toward affordable housing goals."

http://www.prmia.org/sites/default/files/references/Fannie_Mae_and_Freddie_Mac_090911_v2.pdf


Start with the most basic fact of all: virtually none of the $1.5 trillion of cratering subprime mortgages were backed by Fannie or Freddie. That’s right — most subprime mortgages did not meet Fannie or Freddie’s strict lending standards. All those no money down, no interest for a year, low teaser rate loans? All the loans made without checking a borrower’s income or employment history? All made in the private sector, without any support from Fannie and Freddie.

The Myth of Fannie Mae, Freddie Mac, Barney Frank, the Housing Bubble and the Recession | The Long Goodbye


“The idea that they were leading this charge is just absurd,” said Guy Cecala, publisher of Inside Mortgage Finance, an authoritative trade publication. “Fannie and Freddie have always had the tightest underwriting on earth…They were opposite of subprime.”



Wall Street, Not Fannie and Freddie, Led Mortgage Meltdown - The Daily Beast

 

[EdwardBaiamonte]

The jobs lost in the recession were lost BECAUSE of Republican Policies,

the basic Republican policy is freedom and capitalism. How could that cause a recession?

It allowed the credit markets, thanks to the backing of the GSE's, to dole out loans to those who couldn't afford them.

dear, if you are Republican you are for freedom and capitalism, and against interference in the free market exactly like that caused by the GSE's. You have defeated your own argument without knowing it, but you are a liberal!!

 

[Toro]

Another fact which supports the argument of the Fed being the primary culprit behind the bubble was pricing of commercial real estate. Commercial real estate was also in a bubble, and it wasn't driven by subprime mortgages. There was CMBS for certain, but it was a fraction of the residential mortgage market.

 

[EdwardBaiamonte]

Nope, GSE's failed thanks to Dubya REQUIRING them to purchase $440 BILLION in MBS's in 2002.

dumbto3 strikes again. Bush was a liberal interventionist and dumbto3 likes liberal intervention, but he hates Bush who he should love? See why we are positive a liberal will be very very slow? Is any other conclusion possible?

 

[EdwardBaiamonte]

Got, YOU hate facts and fact based data and prefer to live in the right wing bubble where Barney Frank, minority member of the GOP majority House 1995- Jan 2007, had super duper powers to make the GOP and Dubya do his bidding!

dear, the point is the Republicans in general are opposed to govt interference will liberals favor it. Do you understand now?

Is that why the Republican-led Congress didn't pass a single bill with oversight of the GSE's between 2003 and 2006?

dear capitalists don't want oversight they want to eliminate liberal interference in the free market.

 

[Faun]

dear, the point is the Republicans in general are opposed to govt interference will liberals favor it. Do you understand now?

Is that why the Republican-led Congress didn't pass a single bill with oversight of the GSE's between 2003 and 2006?

dear capitalists don't want oversight they want to eliminate liberal interference in the free market.

The dear capitalists got that and it led to the worst economic collapse since the Great Depression.

 

[Faun]

Nope, GSE's failed thanks to Dubya REQUIRING them to purchase $440 BILLION in MBS's in 2002.

dumbto3 strikes again. Bush was a liberal interventionist and dumbto3 likes liberal intervention, but he hates Bush who he should love? See why we are positive a liberal will be very very slow? Is any other conclusion possible?

Anyone calling Bush a Liberal at any level really has no business calling others dumb.

Just sayin'

 

[EdwardBaiamonte]

Nope, GSE's failed thanks to Dubya REQUIRING them to purchase $440 BILLION in MBS's in 2002.

dumbto3 strikes again. Bush was a liberal interventionist and dumbto3 likes liberal intervention, but he hates Bush who he should love? See why we are positive a liberal will be very very slow? Is any other conclusion possible?

Anyone calling Bush a Liberal at any level really has no business calling others dumb.

Just sayin'

of course if so you would not be so afriad to tell us what conservative things he did. What does your fear teach you?