Log of Failed Liberal Policy

[Bfgrn]

I'm going to present private sector employment, because republicans hate government employee's

Romney said of Obama, “he wants another stimulus, he wants to hire more government
workers. He says we need more fireman, more policeman, more teachers. Did he not
get the message of Wisconsin? The American people did. It’s time for us to cut back
on government and help the American people.”

private sector jobs

Eight years of supply side vulture capitalism.
Jan 2001 --111,631
Jan 2009 --110,985
---------------646 thousand jobs lost.


11 years,8 months of supply side vulture capitalism.
Jan 2001 --111,631
Jul 2012 --111,317
---------------314 thousand jobs lost.

Three trillion dollars in tax cuts in 11 and 1/2 years, and we wind up with
314 thousand jobs lost.

For Republicans, Lying is a way of life.


---- bluecoller -- the grumpy old kraut-------

Except that we haven't had supply side venture capitalism since the 1800's. A great example is the current recession, which was caused by Bill Clinton and his "Community Re-Investment Act" which forced banks to give loans to people who didn't previously qualify (because idiot socialist liberals believe that that everyone should own a home even if they can't afford it). So over time, these people who couldn't afford the home and would NEVER have gotten one under true free market capitalism started falling behind. What did they do? Turned to credit cards. Then the credit cards started piling up. Eventually, they defaulted on both the homes and the credit cards and the banks didn't get their money back. Now those banks can't make as many loans and they have to start laying people off. Without jobs, now those people start defaulting on their homes. The entire thing snowballs.

It's comical to watching the mumbling, bumbling, stumbling buffoon's known as Democrats create the problem with their communism/marxism/socialism and then blame the "free market" and "capitalism"....

It is comical to hear parrots repeating the false right wing narrative of the financial collapse.

The CRA was not the cause. Fannie and Freddie were not the cause. And ACORN was not the cause.

There are NO statistics that back your claim. As a matter of FACT, the statistics destroy ALL your false premises. So what you are basing your false claims on is ideology, not reality.

 

[P@triot]

I'm going to present private sector employment, because republicans hate government employee's



private sector jobs

Eight years of supply side vulture capitalism.
Jan 2001 --111,631
Jan 2009 --110,985
---------------646 thousand jobs lost.


11 years,8 months of supply side vulture capitalism.
Jan 2001 --111,631
Jul 2012 --111,317
---------------314 thousand jobs lost.

Three trillion dollars in tax cuts in 11 and 1/2 years, and we wind up with
314 thousand jobs lost.

For Republicans, Lying is a way of life.


---- bluecoller -- the grumpy old kraut-------

Except that we haven't had supply side venture capitalism since the 1800's. A great example is the current recession, which was caused by Bill Clinton and his "Community Re-Investment Act" which forced banks to give loans to people who didn't previously qualify (because idiot socialist liberals believe that that everyone should own a home even if they can't afford it). So over time, these people who couldn't afford the home and would NEVER have gotten one under true free market capitalism started falling behind. What did they do? Turned to credit cards. Then the credit cards started piling up. Eventually, they defaulted on both the homes and the credit cards and the banks didn't get their money back. Now those banks can't make as many loans and they have to start laying people off. Without jobs, now those people start defaulting on their homes. The entire thing snowballs.

It's comical to watching the mumbling, bumbling, stumbling buffoon's known as Democrats create the problem with their communism/marxism/socialism and then blame the "free market" and "capitalism"....

It is comical to hear parrots repeating the false right wing narrative of the financial collapse.

The CRA was not the cause. Fannie and Freddie were not the cause. And ACORN was not the cause.

There are NO statistics that back your claim. As a matter of FACT, the statistics destroy ALL your false premises. So what you are basing your false claims on is ideology, not reality.

You know damn well I'm right. That's why you can't supply any statistics to dispute it. Our entire economy went into the tank because the housing market collapsed. And the housing market collapsed because people were given loans that they couldn't afford to pay back. And they were given those loans because an idiot liberals believe that everybody should own a home, even if they can't afford it. When the government gets invovled with the free market, it causes epic collapse and failure every time.

 

[Bfgrn]

Except that we haven't had supply side venture capitalism since the 1800's. A great example is the current recession, which was caused by Bill Clinton and his "Community Re-Investment Act" which forced banks to give loans to people who didn't previously qualify (because idiot socialist liberals believe that that everyone should own a home even if they can't afford it). So over time, these people who couldn't afford the home and would NEVER have gotten one under true free market capitalism started falling behind. What did they do? Turned to credit cards. Then the credit cards started piling up. Eventually, they defaulted on both the homes and the credit cards and the banks didn't get their money back. Now those banks can't make as many loans and they have to start laying people off. Without jobs, now those people start defaulting on their homes. The entire thing snowballs.

It's comical to watching the mumbling, bumbling, stumbling buffoon's known as Democrats create the problem with their communism/marxism/socialism and then blame the "free market" and "capitalism"....

It is comical to hear parrots repeating the false right wing narrative of the financial collapse.

The CRA was not the cause. Fannie and Freddie were not the cause. And ACORN was not the cause.

There are NO statistics that back your claim. As a matter of FACT, the statistics destroy ALL your false premises. So what you are basing your false claims on is ideology, not reality.

You know damn well I'm right. That's why you can't supply any statistics to dispute it. Our entire economy went into the tank because the housing market collapsed. And the housing market collapsed because people were given loans that they couldn't afford to pay back. And they were given those loans because an idiot liberals believe that everybody should own a home, even if they can't afford it. When the government gets invovled with the free market, it causes epic collapse and failure every time.

You want statistics? NO PROBLEM...

Here is what we DO know:

1) The financial crisis was not caused by low and middle income families buying a home.

2) It was not caused by dead beat poor people.

3) Fannie and Freddie were not to cause.

4) The Community Investment Act was not the culprit either.

The crisis was caused by private lending, to mostly upper middle class and the wealthy. ONLY 6% of of all the higher-priced loans were extended by CRA-covered lenders to lower-income borrowers or neighborhoods in their CRA assessment areas. The majority of those foreclosed on were wealthy and upper middle class, plus a large segment of buyers who were wealthy home flippers looking for a fast buck. They strategically walked away from their mortgages, leaving people who bought homes to live in with lower values on their house and neighborhood.

AND, what really sucks for the right wing propaganda of lies, all the way back to the late '90's there was one very outspoken and vocal critic of predatory lending practices, they even held protests at companies like Wells Fargo and Lehman Brothers...ACORN


WSJ - Fed’s Kroszner: Don’t Blame CRA

WSJ - Fed’s Kroszner: Don’t Blame CRA - The Sequel

Reuters - UPDATE 2-Lending to poor didn't spur crisis

Don't Blame the Community Reinvestment Act

Business Insider - Here's Why Fannie And Freddie Are Not At Fault For The Housing Bubble

Center for Responsible Lending - CRA is not to Blame for the Mortgage Meltdown

Don't blame Fannie and Freddie

Private sector loans, not Fannie or Freddie, triggered crisis

ForeclosureS.com - ACORN - Progress in the Fight Against Predatory Lending

Acorn Led Financial Sector With Warnings on Lending

Biggest Defaulters on Mortgages Are the Rich

The Millionaire Foreclosure Club

Foreclosure double standard: Why the rich get away with defaulting

More Rich People Default On Mortgages

The rich bail faster on mortgages

Biggest Defaulters on Mortgages Are the Rich

Rich Borrowers More Likely to Default on Mortgage

Foreclosures & Walking Away: 60 Minutes Eyes an ‘Epidemic’

Speculation By Investors Largely Cause Of Foreclosure Crisis

How the Foreclosure Crisis Started: Investors, Speculators, Mortgage Fraud & Lax Lending Standards


"Eighty percent of Republicans are just Democrats that don't know what's going on"
Robert F. Kennedy Jr.

 

[P@triot]

Surprise...a lobbying firm who contributes 25% to Democrats and 74% to Republicans says something negative about a health care bill that has been labeled 'Obamacare', but is actually a Republican/Heritage Foundation bill from the early 1990's.

So first you come up with some lame ass excuse for an unbiased facts from a professional study by Deloitte, and now yet another consulting firm is confirming pretty much the same thing. Wonder what your excuse is going to be this time...?

Papa John’s Pizza founder John Schnatter spurred new outrage over Obamacare when he said recently that the law will hike pizza prices. But his business isn’t the only one that will have to pass its new costs on to consumers—or cut back, which will mean even fewer jobs.

At least 60 percent of firms are estimating Obamacare will raise their health care costs, according to a new study released Wednesday by Mercer, a human resources consulting firm. One-third of those expect a cost increase of 5 percent or more.

What Is the Pizza Tax and What Does It Have to Do with Obamacare? - AskHeritage

 

[P@triot]

AND, what really sucks for the right wing propaganda of lies, all the way back to the late '90's there was one very outspoken and vocal critic of predatory lending practices, they even held protests at companies like Wells Fargo and Lehman Brothers...ACORN

Truly one of the most ignorant made up terms in a long list of made up terms by liberals. How exactly can one "predatory lend"? Since the person(s) come to the financial institutions, actively seeking loans, how can one predatory lend?

The FACT (you know, truths that liberals hate) is, Bill Clinton and his Community Re-Investment Act devasted our economy and you fucking now it. They had no business getting their nose into the lending market (or any market). Clinton and you idiot liberals brought marxism to our market with that bill and it ensured people who couldn't afford a loan were getting them.

As far as your 60 Minutes link - that's a joke. Walking away from home loans was they symptom, it was not the problem. They were walking away because the problem had already happened and had caused their homes to be worth less than what they owed. This is as stupid as claiming the dead bodies in New Orleans was the "disaster". The disaster was Hurricane Katrina. The result were deaths. Only a liberal....

 

[Bfgrn]

AND, what really sucks for the right wing propaganda of lies, all the way back to the late '90's there was one very outspoken and vocal critic of predatory lending practices, they even held protests at companies like Wells Fargo and Lehman Brothers...ACORN

Truly one of the most ignorant made up terms in a long list of made up terms by liberals. How exactly can one "predatory lend"? Since the person(s) come to the financial institutions, actively seeking loans, how can one predatory lend?

The FACT (you know, truths that liberals hate) is, Bill Clinton and his Community Re-Investment Act devasted our economy and you fucking now it. They had no business getting their nose into the lending market (or any market). Clinton and you idiot liberals brought marxism to our market with that bill and it ensured people who couldn't afford a loan were getting them.

As far as your 60 Minutes link - that's a joke. Walking away from home loans was they symptom, it was not the problem. They were walking away because the problem had already happened and had caused their homes to be worth less than what they owed. This is as stupid as claiming the dead bodies in New Orleans was the "disaster". The disaster was Hurricane Katrina. The result were deaths. Only a liberal....

WOW, you right wingers are not only ignorant, you are devoid of morals and ethics. You right wing turds always blame the victims and lick the ass of the perpetrators. They are not criminals, they are just 'shrew' businessmen.

Studies by leading consumer groups have concluded that women have become a key component to the subprime mortgage crunch. Professor Anita F. Hill wrote that a large percentage of first-time home buyers were women, and that loan officers took advantage of the lack of financial knowledge of many female loan applicants. Consumers believe that they are protected by consumer protection laws, when their lender is really operating wholly outside the laws. Refer to 15 U.S.C. 1601 and 12 C.F.R. 226.

Media investigations have disclosed that mortgage lenders used bait-and-switch salesmanship and fraud to take advantage of borrowers during the home-loan boom. In February 2005, for example, reporters Michael Hudson and Scott Reckard broke a story in the Los Angeles Times about “boiler room” sales tactics at Ameriquest Mortgage, the nation’s largest subprime lender. Hudson and Reckard cited interviews and court statements by 32 former Ameriquest employees who said the company had abused its customers and broken the law, “deceiving borrowers about the terms of their loans, forging documents, falsifying appraisals and fabricating borrowers' income to qualify them for loans they couldn't afford.” - wiki

Educate yourself pea brain.

What is Predatory Lending?

 

[Too Tall]

AND, what really sucks for the right wing propaganda of lies, all the way back to the late '90's there was one very outspoken and vocal critic of predatory lending practices, they even held protests at companies like Wells Fargo and Lehman Brothers...ACORN

Truly one of the most ignorant made up terms in a long list of made up terms by liberals. How exactly can one "predatory lend"? Since the person(s) come to the financial institutions, actively seeking loans, how can one predatory lend?

The FACT (you know, truths that liberals hate) is, Bill Clinton and his Community Re-Investment Act devasted our economy and you fucking now it. They had no business getting their nose into the lending market (or any market). Clinton and you idiot liberals brought marxism to our market with that bill and it ensured people who couldn't afford a loan were getting them.

As far as your 60 Minutes link - that's a joke. Walking away from home loans was they symptom, it was not the problem. They were walking away because the problem had already happened and had caused their homes to be worth less than what they owed. This is as stupid as claiming the dead bodies in New Orleans was the "disaster". The disaster was Hurricane Katrina. The result were deaths. Only a liberal....

WOW, you right wingers are not only ignorant, you are devoid of morals and ethics. You right wing turds always blame the victims and lick the ass of the perpetrators. They are not criminals, they are just 'shrew' businessmen.

Studies by leading consumer groups have concluded that women have become a key component to the subprime mortgage crunch. Professor Anita F. Hill wrote that a large percentage of first-time home buyers were women, and that loan officers took advantage of the lack of financial knowledge of many female loan applicants. Consumers believe that they are protected by consumer protection laws, when their lender is really operating wholly outside the laws. Refer to 15 U.S.C. 1601 and 12 C.F.R. 226.

Media investigations have disclosed that mortgage lenders used bait-and-switch salesmanship and fraud to take advantage of borrowers during the home-loan boom. In February 2005, for example, reporters Michael Hudson and Scott Reckard broke a story in the Los Angeles Times about “boiler room” sales tactics at Ameriquest Mortgage, the nation’s largest subprime lender. Hudson and Reckard cited interviews and court statements by 32 former Ameriquest employees who said the company had abused its customers and broken the law, “deceiving borrowers about the terms of their loans, forging documents, falsifying appraisals and fabricating borrowers' income to qualify them for loans they couldn't afford.” - wiki

Educate yourself pea brain.

What is Predatory Lending?

Do all liberals blame the housing bust on a bunch of 'dumb broads?'

 

[Bfgrn]

Truly one of the most ignorant made up terms in a long list of made up terms by liberals. How exactly can one "predatory lend"? Since the person(s) come to the financial institutions, actively seeking loans, how can one predatory lend?

The FACT (you know, truths that liberals hate) is, Bill Clinton and his Community Re-Investment Act devasted our economy and you fucking now it. They had no business getting their nose into the lending market (or any market). Clinton and you idiot liberals brought marxism to our market with that bill and it ensured people who couldn't afford a loan were getting them.

As far as your 60 Minutes link - that's a joke. Walking away from home loans was they symptom, it was not the problem. They were walking away because the problem had already happened and had caused their homes to be worth less than what they owed. This is as stupid as claiming the dead bodies in New Orleans was the "disaster". The disaster was Hurricane Katrina. The result were deaths. Only a liberal....

WOW, you right wingers are not only ignorant, you are devoid of morals and ethics. You right wing turds always blame the victims and lick the ass of the perpetrators. They are not criminals, they are just 'shrew' businessmen.

Studies by leading consumer groups have concluded that women have become a key component to the subprime mortgage crunch. Professor Anita F. Hill wrote that a large percentage of first-time home buyers were women, and that loan officers took advantage of the lack of financial knowledge of many female loan applicants. Consumers believe that they are protected by consumer protection laws, when their lender is really operating wholly outside the laws. Refer to 15 U.S.C. 1601 and 12 C.F.R. 226.

Media investigations have disclosed that mortgage lenders used bait-and-switch salesmanship and fraud to take advantage of borrowers during the home-loan boom. In February 2005, for example, reporters Michael Hudson and Scott Reckard broke a story in the Los Angeles Times about “boiler room” sales tactics at Ameriquest Mortgage, the nation’s largest subprime lender. Hudson and Reckard cited interviews and court statements by 32 former Ameriquest employees who said the company had abused its customers and broken the law, “deceiving borrowers about the terms of their loans, forging documents, falsifying appraisals and fabricating borrowers' income to qualify them for loans they couldn't afford.” - wiki

Educate yourself pea brain.

What is Predatory Lending?

Do all liberals blame the housing bust on a bunch of 'dumb broads?'

No, the blame for the housing bust falls squarely on a lack of government regulation of private lenders, wealthy speculators and morons like doggy breath who doesn't know his ass from a hole in the ground.

 

[P@triot]

Failed Liberal Policy:

Even more epic failure from Obamaonomics....

Gas prices continue to climb, up 30 cents since mid-July, lifting the 2012 average to $3.61 a gallon, vs. $3.51 in 2011, which had been the most expensive year ever for drivers.

2012 gas prices head for record

 

[P@triot]

Failed Liberal Policy:

More epic failure from Obamaonomics....

Examiner Editorial: To protect ethanol, Obama seeks to inflate meat prices | WashingtonExaminer.com

 

[P@triot]

Failed Liberal Policy:

The radical marxist runs around the nation spending near a trillion talking about "shovel ready" jobs and "infrastructure". But at the end of the day, all we've seen is waste and corruption. $47 million and not one single job. How can this asshole receive 1 single vote? You have to be a pretty dishonest piece of shit to support this....

Rural Utilities Create Zero Jobs Despite $47 Million in Stimulus Funding

Rural Utilities Create Zero Jobs Despite $47 Million in Stimulus Funding

 

[Mr. Shaman]

Failed Liberal Policy:

83% of American physicians "have considered leaving their practices over President Barack Obama's health care reform law, according to a survey released by the Doctor Patient Medical Association."

Report: 83 percent of doctors have considered quitting over Obamacare | The Daily Caller

Simply astounding. Just like they did in Cuba and the U.S.S.R., the liberals policies is going to leave us destitute, with healthcare that rivals that of 3rd world countries, and living in a state of perpetual proverty.

Bullshit.

We should go straight to.......

.....single-payer.....

....like they've got, in Great Britain.



[ame=http://www.youtube.com/watch?v=GOZmvaFfjtk]Sicko: Michael Moore interviews a Doctor in UK - YouTube[/ame]​

 

[P@triot]

Failed Liberal Policy:

83% of American physicians "have considered leaving their practices over President Barack Obama's health care reform law, according to a survey released by the Doctor Patient Medical Association."

Report: 83 percent of doctors have considered quitting over Obamacare | The Daily Caller

Simply astounding. Just like they did in Cuba and the U.S.S.R., the liberals policies is going to leave us destitute, with healthcare that rivals that of 3rd world countries, and living in a state of perpetual proverty.

Bullshit. We should go straight to.......single payer....like they've got, in Great Britain.

[ame=http://www.youtube.com/watch?v=GOZmvaFfjtk]Sicko: Michael Moore interviews a Doctor in UK - YouTube[/ame]​

LMAO! Wow, you've really taken ignorance to a whole new level. Michael Moore is a pathological liar who would shame even Bill Clinton and Barack Obama. England is in financial distress and has spent the past two years decentralizing their socialist medicine (but hey, don't worry about those pesky little FACTS - just keep listening to the Nazi propaganda of Michael Moore). That's right stupid, you're actually getting your information from a Hollywood film maker

 

[P@triot]

Failed Liberal Policy:

Vintage liberal economics 101 here - be proud of unconstitutionally spending $738,000 of tax payers money to "create" a single job.

LaHood 'proud' of DOT stimulus spending [VIDEO] | The Daily Caller

 

[P@triot]

Failed Liberal Policy:

The typical American retiree now has an income that is 10% lower than what it was three years ago, along with the declining value of their homes, which were intended to cushion their final years, their incomes have fallen sharply.

Big Income Losses for Those Near Retirement - NYTimes.com

 

[P@triot]

Failed Liberal Policy:

This is exactly why we should have let Detroit go bankrupt. All Obama did was ensure that poorly run companies would continue to fail and prolong the agony. Liberals lack of basic understanding of economics is just tragic.

REAL NEWS FROM THE BLAZE: EACH CHEVY VOLT LOSES $50K

 

[P@triot]

Failed Liberal Policy:

The wind-energy industry has lost estimated 10,000 jobs in the past few years and it's bracing for even more with the expiration of an annual $1 billion federal tax credit.

http://www.nytimes.com/2012/09/21/b...sh-in-wind-power-industry.html?pagewanted=all

 

[P@triot]

Failed Liberal Policy:

President Obama has consistently shown more enthusiasm in engaging hostile regimes in the Middle East than in protecting the interests of allies such as Israel. He has shown more concern about restraining Israel from acting than stopping Iran from obtaining nuclear weapons.

In fact, this week, Secretary of State Hillary Clinton said the U.S. is "not setting deadlines" for Iran and still considers negotiations "by far the best approach" to prevent the Islamic Republic from developing nuclear weapons. Israeli Prime Minister Benjamin Netanyahu's public response was that "Those in the international community who refuse to put red lines before Iran don't have a moral right to place a red light before Israel."

Morning Bell: The New Wave of Attacks on U.S. Embassies

 

[P@triot]

Failed Liberal Policy:

Since the 1970's, the idealistic idiots known as the dumbocrats have been pumping trillions of dollars into a technology that is still light years away from being ready. Here we see yet another example of serious government waste:

http://blog.heritage.org/2012/09/22...-million-on-water-turbine-to-power-25-houses/

 

[P@triot]

Failed Liberal Policy:

The left (Obama) throws taxpayer's money around like it's a game of Monopoly while other members of the left steal it through various scandals...

Left-Wing Groups Misused Hundreds of Thousands in Stimulus Grants