The Obama Mojo...

[Lumpy 1]

Here's a chart made from Case-Shiller. if you Google Case-Shiller there are dozens more with the same outcome:

here's data by city:

Interesting chart but do you recall the Bush warnings and the Democrat response?

yes - the Bush warning was that more people need to own homes, which is why he created a program whereby low income people could get part of their down payment via the government.

In 2006, the Dems had no power to prevent any legislation, anywhere. They had no control over any relevant committees and could not prevent a bill from leaving said committees.

But they certainly they had the power from 2007-2010 and beyond correct..?

..and realistically they could have put the word out of their concerns earlier to their captured media instead of the standard chickenshit excuse of simply blaming Bush at a later date/dates. Obviously, they were compliant and therefore partially responsible pre 2007.

 

[8537]

Interesting chart but do you recall the Bush warnings and the Democrat response?

yes - the Bush warning was that more people need to own homes, which is why he created a program whereby low income people could get part of their down payment via the government.

In 2006, the Dems had no power to prevent any legislation, anywhere. They had no control over any relevant committees and could not prevent a bill from leaving said committees.

But they certainly they had the power from 2007-2010 and beyond correct..?

By then the bubble had already popped and the type of lending that created the problem ceased thanks to the usual market backlash in the face of losses.

 

[OnTheRight]

Interesting chart but do you recall the Bush warnings and the Democrat response?

Naaaaa, they didnt see Barney frank say everything is a ok. Affirmative action and bullying banks to loan to people that cant pay. Noooooo its all Bush's fault

Barney Frank had zero power to pass or reform anything. He was the minority party in his own committees and couldn't move or stall any bill in it.

Frank's fingerprints are all over the financial fiasco - The Boston Globe

 

[Lumpy 1]

yes - the Bush warning was that more people need to own homes, which is why he created a program whereby low income people could get part of their down payment via the government.

In 2006, the Dems had no power to prevent any legislation, anywhere. They had no control over any relevant committees and could not prevent a bill from leaving said committees.

But they certainly they had the power from 2007-2010 and beyond correct..?

By then the bubble had already popped and the type of lending that created the problem ceased thanks to the usual market backlash in the face of losses.

Decline yes pop no..

The United States housing bubble is an economic bubble affecting many parts of the United States housing market in over half of American states. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2012.[1] On December 30, 2008 the Case-Shiller home price index reported its largest price drop in its history.[2]

Increased foreclosure rates in 2006–2007 among U.S. homeowners led to a crisis in August 2008 for the subprime, Alt-A, collateralized debt obligation (CDO), mortgage, credit, hedge fund, and foreign bank markets.[3] In October 2007, the U.S. Secretary of the Treasury called the bursting housing bubble "the most significant risk to our economy."[4]

United States housing bubble - Wikipedia, the free encyclopedia

 

[EriktheRed]

Naaaaa, they didnt see Barney frank say everything is a ok. Affirmative action and bullying banks to loan to people that cant pay. Noooooo its all Bush's fault

Barney Frank had zero power to pass or reform anything. He was the minority party in his own committees and couldn't move or stall any bill in it.

Frank's fingerprints are all over the financial fiasco - The Boston Globe

So how much power did Rep. Frank have from '95 thru '06 again?

 

[JoeB131]

1) Obama did indeed inherit an awful mess due in great degree to Pelosi & Reid taking over Congress in 2007. There is no doubt they failed in their duties of oversight in many areas, the most obvious being banking, the economy and the housing market. Under their leadership the economy began it's devastating slide.

It seems to me they were more concerned with power (winning elections) and investigations to undermine the Bush Presidency than the American peoples well being.

8537 already hit this issue, but the proximate cause of the recession of 2008 was the housing bubble popping in 2006. Pelosi and Reid had nothing to do with that, as much as you would like to think otherwise. If you want to blame anything, it was the coze relationship guys like Chris Cox had with the very banks they were supposed to be regulating.

Not that the Dems weren't as cozy... I'm honest enough to admit that. A banking bill written by Dodd and Frank is like a Henhouse designed by Fox and Weasel. But there's a lot of bipartisan blame to go around, and a lot of blame we should take ourselves. We all acting like the housing bubble would go on forever, and we'd all get rich flipping our houses.

2) It's difficult to trust any politician but lets admit, Obama is no longer trusted by the American people and never will be again. He had his chance, he blew it.

If he does win it will be because of his war chest, fraudulent political gamesmanship and the fact that many American are devastated by the Obama economy and are afraid of losing the government stipends they are receiving.

It's time for a change and though Romney may not be the greatest politician he just may be the one that can put the country back on track, Obama certainly can't.

Obama's personal likability is still way ahead of Romney's...

But I guess when the Weird Mormon Robot loses, you can blame "them welfare people" if it makes you feel better.

 

[EriktheRed]

2) It's difficult to trust any politician but lets admit, Obama is no longer trusted by the American people and never will be again. He had his chance, he blew it.

And just exactly who do you think you're speaking for?

 

[8537]

Naaaaa, they didnt see Barney frank say everything is a ok. Affirmative action and bullying banks to loan to people that cant pay. Noooooo its all Bush's fault

Barney Frank had zero power to pass or reform anything. He was the minority party in his own committees and couldn't move or stall any bill in it.

Frank's fingerprints are all over the financial fiasco - The Boston Globe

a completely powerless Frank has his fingerprints all over it?

lol. Nice editorial.

 

[8537]

But they certainly they had the power from 2007-2010 and beyond correct..?

By then the bubble had already popped and the type of lending that created the problem ceased thanks to the usual market backlash in the face of losses.

Decline yes pop no..

The United States housing bubble is an economic bubble affecting many parts of the United States housing market in over half of American states. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2012.[1] On December 30, 2008 the Case-Shiller home price index reported its largest price drop in its history.[2]

Increased foreclosure rates in 2006–2007 among U.S. homeowners led to a crisis in August 2008 for the subprime, Alt-A, collateralized debt obligation (CDO), mortgage, credit, hedge fund, and foreign bank markets.[3] In October 2007, the U.S. Secretary of the Treasury called the bursting housing bubble "the most significant risk to our economy."[4]

United States housing bubble - Wikipedia, the free encyclopedia

The bubble popped in 2006. I already showed you the evidence.

 

[JoeB131]

Barney Frank had zero power to pass or reform anything. He was the minority party in his own committees and couldn't move or stall any bill in it.

Frank's fingerprints are all over the financial fiasco - The Boston Globe

a completely powerless Frank has his fingerprints all over it?

lol. Nice editorial.

To be fair, Frank's relationship with folks at Fannie Mae, sexual in the case of Fred Moses, and then he insisted everything was just fine at Fannie and no action was needed.

BOTH parties took money from the Banking industry, and both were asleep when the Chickens were being taken from the henhouse.

 

[8537]

Frank's fingerprints are all over the financial fiasco - The Boston Globe

a completely powerless Frank has his fingerprints all over it?

lol. Nice editorial.

To be fair, Frank's relationship with folks at Fannie Mae, sexual in the case of Fred Moses, and then he insisted everything was just fine at Fannie and no action was needed.

BOTH parties took money from the Banking industry, and both were asleep when the Chickens were being taken from the henhouse.

Oh, absolutely. Frank got it wrong. Cox was deep in the pockets of the banks.

But the Dems had no power to effect legislative solutions between 1995 and 2007.

 

[JoeB131]

a completely powerless Frank has his fingerprints all over it?

lol. Nice editorial.

To be fair, Frank's relationship with folks at Fannie Mae, sexual in the case of Fred Moses, and then he insisted everything was just fine at Fannie and no action was needed.

BOTH parties took money from the Banking industry, and both were asleep when the Chickens were being taken from the henhouse.

Oh, absolutely. Frank got it wrong. Cox was deep in the pockets of the banks.

But the Dems had no power to effect legislative solutions between 1995 and 2007.

I think everyone got it wrong, not just Cox and Frank.

I think that they all calculated that everyone enjoyed flipping their houses after throwing on a new coat of paint, or using fake equity after two years to pay off their credit cards.

 

[OnTheRight]

Barney Frank had zero power to pass or reform anything. He was the minority party in his own committees and couldn't move or stall any bill in it.

Frank's fingerprints are all over the financial fiasco - The Boston Globe

So how much power did Rep. Frank have from '95 thru '06 again?

ROFL.....why do some people insist on living in denial?

 

[OnTheRight]

Barney Frank had zero power to pass or reform anything. He was the minority party in his own committees and couldn't move or stall any bill in it.

Frank's fingerprints are all over the financial fiasco - The Boston Globe

a completely powerless Frank has his fingerprints all over it?

lol. Nice editorial.

Nice deflection.....typical

 

[Too Tall]

Here's a chart made from Case-Shiller. if you Google Case-Shiller there are dozens more with the same outcome:

here's data by city:

Interesting chart but do you recall the Bush warnings and the Democrat response?

Naaaaa, they didnt see Barney frank say everything is a ok. Affirmative action and bullying banks to loan to people that cant pay. Noooooo its all Bush's fault

Here is a reminder for the slow learners.

In 2003, the Bush administration proposed a new agency to oversee Fannie Mae and Freddie Mac as they knew the agencies had not properly hedged its $1.5 trillion in debt holdings against interest rate increases. In response to this proposal, democrat Congressman Barney Frank said.

"These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis, said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."

It was later learned that representative Frank personally benefitted from both agencies

 

[8537]

Interesting chart but do you recall the Bush warnings and the Democrat response?

Naaaaa, they didnt see Barney frank say everything is a ok. Affirmative action and bullying banks to loan to people that cant pay. Noooooo its all Bush's fault

Here is a reminder for the slow learners.

In 2003, the Bush administration proposed a new agency to oversee Fannie Mae and Freddie Mac as they knew the agencies had not properly hedged its $1.5 trillion in debt holdings against interest rate increases. In response to this proposal, democrat Congressman Barney Frank said.

"These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis, said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."

It was later learned that representative Frank personally benefitted from both agencies

Here is a question for Too Tall: as the minority leader in a committee led by Republicans, What power did Mr Frank have to stop any reforms or block any proposal?