Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature currently requires accessing the site using the built-in Safari browser.
Only the idiots will blame one party. Both are responsible.... and, while we're apportioning blame, let's all look in the mirror and carry our own share.
You are correct, both parties are responsible. But are they EQUALLY responsible? Please carefully check the information in the graph again before you give an answer. And don't forget, we VOTED time and time again for the people who got us into this horrible economic mess!
I don't need to check it, thanks.
Fact.... Presidents and political parties do NOT create jobs. Business creates jobs. Therefore, this partisan crap about 'who created the most jobs' is at best naive, at worse, totally fucking stupid.
I do wish people would recognize that the world does not revolve around a political party.
The Democrats took over the House and Senate after the elections in 2006. Since then, our thriving economy has gone to hell in a handbasket thanks to their very foolish tax and spend policies. And given this evidence, people correctly say the Democrats cannot think logically or rationally!
And the above constiutes serious analysis to you, does it?
Are you really this foolish or do you just think we are?
The Democrats took over the House and Senate after the elections in 2006. Since then, our thriving economy has gone to hell in a handbasket thanks to their very foolish tax and spend policies. And given this evidence, people correctly say the Democrats cannot think logically or rationally!
I take it you are not very good at statistics and have a very difficult time reading and understanding sinple charts?
The Democrats took over the House and Senate after the elections in 2006. Since then, our thriving economy has gone to hell in a handbasket thanks to their very foolish tax and spend policies. And given this evidence, people correctly say the Democrats cannot think logically or rationally!
And the above constiutes serious analysis to you, does it?
Are you really this foolish or do you just think we are?
DEREGULATION caused this mess.
Everytime we deregulate we end up with an Enron , savings loan fiasco and or what we have now.
There is one party that promotes deregulation as a solution to almost everything, the Republican party.
the economy boomed early under clinton because he and congress showed fiscal responsibility....showed the willingness to reform programs costing us alot, and showed responsibility by trying to reduce the deficit he inherited....THIS makes businesses feel safe enough to invest/create jobs.
the economy boomed early under clinton because he and congress showed fiscal responsibility....showed the willingness to reform programs costing us alot, and showed responsibility by trying to reduce the deficit he inherited....THIS makes businesses feel safe enough to invest/create jobs.
But wasn't the thriving economy the result of everyone buying computers and getting the internet up and running? The whole thing started crashing the day after Microsoft lost one of the lawsuits.
DEREGULATION caused this mess.
Everytime we deregulate we end up with an Enron , savings loan fiasco and or what we have now.
There is one party that promotes deregulation as a solution to almost everything, the Republican party.
The US didn't have any major financial sector breakdowns during the timeline starting when tough regulations were put in place on the financial sector following the Great Depression. Then the Savings & Loans were deregulated in the early 80's and within a few years we had the Savings & Loan failures. Following that, the financial sector was again deregulated in the late 90's and in about eight years, we had the huge financial sector meltdown.
The financial sector has proved that they need to be regulated as it's clear they can't regulate themselves. They scoured the new regulations recently passed by Congress and have already started using loopholes they found in the new regulations. In other words, they refuse to play by the rules.
Its actually BOTH political parties.
1. The dems protected Fannie & Freddie as their cash cows, and passed the Community Reinvestment Act, which gave mortgages to the unqualified, which led to the massive foreclosure rate and the financial collapse.
2. The GOP passed the "American Jobs Creation Act" which basically gave tax breaks to move factories & jobs overseas. The resulting unemployment rate led them to slither out of DC in shame with the US economy in shambles.
Both parties are lying coxuckers. I hope the TEA Party tosses everyone who helped create the mess out of DC.
The CRA was not to blame for massive foreclosures.
Dont Blame CRA - Real Time Economics - WSJ
Federal Reserve governor Randall Kroszner, a conservative economist on leave from a teaching post at the University of Chicago Booth Graduate School of Business, says the Community Reinvestment Act isnt to blame for the subprime mess, despite some accusations to the contrary.
Fed economists found that about 60% of higher-priced loan originations the technical definition of subrpime went to middle- or higher-income borrowers or neighborhoods who arent targeted by CRA. More than 20% of the higher-priced loans were extended to lower-income borrowers or borrowers in lower-income areas by institutions that arent banks and arent covered by CRA.
The striking result, Kroszner said: Only 6% of all the higher-priced loans were extended by CRA-covered lenders to lower-income borrowers or neighborhoods in their CRA assessment areas, the local geographies that are the primary focus for CRA evaluation purposes.
Bush seeks to increase minority homeownership
By Thomas A. Fogarty, USA TODAY
In a bid to boost minority homeownership, President Bush will ask Congress for authority to eliminate the down-payment requirement for Federal Housing Administration loans.
In announcing the plan Monday at a home builders show in Las Vegas, Federal Housing Commissioner John Weicher called the proposal the "most significant FHA initiative in more than a decade." It would lead to 150,000 first-time owners annually, he said.
Nothing-down options are available on the private mortgage market, but, in general, they require the borrower to have pristine credit. Bush's proposed change would extend the nothing-down option to borrowers with blemished credit.
I take it you are not very good at statistics and have a very difficult time reading and understanding sinple charts?
The Democrats took over the House and Senate after the elections in 2006. Since then, our thriving economy has gone to hell in a handbasket thanks to their very foolish tax and spend policies. And given this evidence, people correctly say the Democrats cannot think logically or rationally!
And the above constiutes serious analysis to you, does it?
Are you really this foolish or do you just think we are?
I take it you are not very good at statistics and have a very difficult time reading and understanding sinple charts?
And the above constiutes serious analysis to you, does it?
Are you really this foolish or do you just think we are?
Well first of all, the Dems first budget didn't go into effect until October 1st, 2007. The Federal fiscal year runs from October 1, through September 30th of the following year. So in simple terms, it was the GOP budget that was in effect until September 30th, 2007. The Great Recession officially started December 2007. So in two months the economy changed course and the previous budgets and policies had nothing to do with the recession?
Sometimes a person has to live with reality.
I take it you are not very good at statistics and have a very difficult time reading and understanding sinple charts?
Well first of all, the Dems first budget didn't go into effect until October 1st, 2007. The Federal fiscal year runs from October 1, through September 30th of the following year. So in simple terms, it was the GOP budget that was in effect until September 30th, 2007. The Great Recession officially started December 2007. So in two months the economy changed course and the previous budgets and policies had nothing to do with the recession?
Sometimes a person has to live with reality.
precisely! the laws and legislation of the previous years is not isolated in a vacuum, they have future consequences....
Well first of all, the Dems first budget didn't go into effect until October 1st, 2007. The Federal fiscal year runs from October 1, through September 30th of the following year. So in simple terms, it was the GOP budget that was in effect until September 30th, 2007. The Great Recession officially started December 2007. So in two months the economy changed course and the previous budgets and policies had nothing to do with the recession?
Sometimes a person has to live with reality.
precisely! the laws and legislation of the previous years is not isolated in a vacuum, they have future consequences....
The FY2008 budget was passed with almost all of the republicans voting for it and most of the dems voting against it
