Dismal Jobs Report Reflects Economic Decline

[EdwardBaiamonte]

Just because you disagree with the opinions, positions, and governmental ideas of Democrats doesn't make them less of an american than yourself, and vise versa for the democrats who think republicans are evil.

too stupid!!! That would be true if America stood for nothing!! Are Nazi's less of an American in your brain dead world??

The attitude you display above is the VERY REASON our government is broken right now, no one is willing to listen to anything but their own ideas.

too stupid if someone's idea is to jump off a cliff you don't listen if you have half a brain.

Your point of view comes from lacking the IQ to understand the essential difference between Republicans and Democrats. Not everyone can understand everything ya know.

 

[expat_panama]

Our problems are not (mainly) caused by Democrats. They were caused by a massive housing bubble that collapsed, which was aided and abetted by both sides of the aisle.

That may be the extreme left wing line we hear in the news these days but it's a crock.

First, real estate values began dropping in '06 two years before the big crunch. Next, they not only fell more slowly, but they dropped less than most other private assets. Finally, it was clearly a Dem. party push to blame rich greedy bankers for not lending to minorities, and it was clearly a Dem. party push to blame rich greedy bankers for complying with gov't pressure in making 'predatory loans'.

 

[expat_panama]

...a new book out called "The Communist" about Barry's major mentor, Frank Marshall Davis.

Huh. Looks neat!

 

[PLYMCO_PILGRIM]

Just because you disagree with the opinions, positions, and governmental ideas of Democrats doesn't make them less of an american than yourself, and vise versa for the democrats who think republicans are evil.

too stupid!!! That would be true if America stood for nothing!! Are Nazi's less of an American in your brain dead world??

The attitude you display above is the VERY REASON our government is broken right now, no one is willing to listen to anything but their own ideas.

too stupid if someone's idea is to jump off a cliff you don't listen if you have half a brain.

Your point of view comes from lacking the IQ to understand the essential difference between Republicans and Democrats. Not everyone can understand everything ya know.

If a NAZI is an american citizen they are just as much an american as the next person, doesn't mean its ok that they are a Nazi but the fact that they are one doesn't exclude them from being an american.

Read my sig again, it doesn't say to pick the wrong idea but the right idea regardless of whos party thought it up.

Doth protest too much on the stupid front, its very telling that you lack confidence in your own opinions when you feel the need to lash out in such a way when calmly and politely challenged.

I understand the type of person you are and know this post won't impact your personal opinion or the way you approach things at all but just wanted to put it out there anyway.

 

[EdwardBaiamonte]

If a NAZI is an american citizen they are just as much an american as the next person,

yes, Nazis and communists are fine with low IQ liberals; in fact better than fine which explains why they gave Stalin the bomb!! Of course a liberal Nazi communist would say its fine to compromise with a Nazi/Communist!

 

[Toro]

Our problems are not (mainly) caused by Democrats. They were caused by a massive housing bubble that collapsed, which was aided and abetted by both sides of the aisle.

That may be the extreme left wing line we hear in the news these days but it's a crock.

First, real estate values began dropping in '06 two years before the big crunch. Next, they not only fell more slowly, but they dropped less than most other private assets. Finally, it was clearly a Dem. party push to blame rich greedy bankers for not lending to minorities, and it was clearly a Dem. party push to blame rich greedy bankers for complying with gov't pressure in making 'predatory loans'.

rofl

That may be the extreme right wing line the nutter fringe hacks wants to believe, but to those of us who do not drown in an ocean of ideological garbage and have an inkling of understanding of finance, economics and history, its laughable tripe.

The crunch occurred because valuations of homes were ******* insanely high, underwritten by shitty loans which turned out to be the underpinning of the financial system. Investment banks and investment banks within commercial banks freely within the market took on mountains of leverage backed by shitty loans underwritten freely within the market primarily to middle and upper middle class households in the suburbs and to speculators in condos. That home prices began falling before the crunch is exactly what one would expect, given that they were the asset which was insanely priced. So when the house of cards collapsed, credit was withdrawn from the system and all other asset prices collapsed. Simple Market History 101.

 

[expat_panama]

...The crunch occurred because valuations of homes were ******* insanely...

No argument from me on that one because I'm sure you know a lot more about ******* insanity than I ever will. Setting aside the teenage wet talk and going back to facts, we got asset prices available in the Fed's FRB: Z.1 Release--Flow of Funds Accounts of the United States--June 7, 2012. Your fight is with them not me. Pick your battle:

...real estate values began dropping in '06 two years before the big crunch...

...they not only fell more slowly, but they dropped less than most other private assets...

...it was clearly a Dem. party push to blame rich greedy bankers for not lending to minorities, and it was clearly a Dem. party push to blame rich greedy bankers for complying with gov't pressure in making 'predatory loans'.

So many sources can be found by just googling key words pressure banks minority mortgages.


Enjoy!

 

[Toro]

...The crunch occurred because valuations of homes were ******* insanely...

No argument from me on that one because I'm sure you know a lot more about ******* insanity than I ever will. Setting aside the teenage wet talk and going back to facts, we got asset prices available in the Fed's FRB: Z.1 Release--Flow of Funds Accounts of the United States--June 7, 2012. Your fight is with them not me. Pick your battle:

...real estate values began dropping in '06 two years before the big crunch...

...they not only fell more slowly, but they dropped less than most other private assets...

...it was clearly a Dem. party push to blame rich greedy bankers for not lending to minorities, and it was clearly a Dem. party push to blame rich greedy bankers for complying with gov't pressure in making 'predatory loans'.

So many sources can be found by just googling key words pressure banks minority mortgages.


Enjoy!

And?

 

[Toro]

Oh, as for the CRA, please post empirical evidence rather than an ideologically biased narrative. Leftists like Stiglitz argue that tax cuts caused or at least contributed to both the Tech and Housing Bubbles. It has as much empirical credence as blaming it on lending to poor black people. In the meantime, feel free to refute information in this thread.

http://www.usmessageboard.com/economy/70006-cra-not-to-blame-for-housing-debacle.html

 

[PLYMCO_PILGRIM]

Our problems are not (mainly) caused by Democrats. They were caused by a massive housing bubble that collapsed, which was aided and abetted by both sides of the aisle.

That may be the extreme left wing line we hear in the news these days but it's a crock.

First, real estate values began dropping in '06 two years before the big crunch. Next, they not only fell more slowly, but they dropped less than most other private assets. Finally, it was clearly a Dem. party push to blame rich greedy bankers for not lending to minorities, and it was clearly a Dem. party push to blame rich greedy bankers for complying with gov't pressure in making 'predatory loans'.

rofl

That may be the extreme right wing line the nutter fringe hacks wants to believe, but to those of us who do not drown in an ocean of ideological garbage and have an inkling of understanding of finance, economics and history, its laughable tripe.

The crunch occurred because valuations of homes were ******* insanely high, underwritten by shitty loans which turned out to be the underpinning of the financial system. Investment banks and investment banks within commercial banks freely within the market took on mountains of leverage backed by shitty loans underwritten freely within the market primarily to middle and upper middle class households in the suburbs and to speculators in condos. That home prices began falling before the crunch is exactly what one would expect, given that they were the asset which was insanely priced. So when the house of cards collapsed, credit was withdrawn from the system and all other asset prices collapsed. Simple Market History 101.

Both parties share equal blame for the meltdown...the dems with their equal housing act and the reps with their lack of desire for oversight.

Anyone trying to blame just one party is full of partisan dishonesty.

Sorry for the very minimal examples, I am being curt today

 

[Toro]

That may be the extreme left wing line we hear in the news these days but it's a crock.

First, real estate values began dropping in '06 two years before the big crunch. Next, they not only fell more slowly, but they dropped less than most other private assets. Finally, it was clearly a Dem. party push to blame rich greedy bankers for not lending to minorities, and it was clearly a Dem. party push to blame rich greedy bankers for complying with gov't pressure in making 'predatory loans'.

rofl

That may be the extreme right wing line the nutter fringe hacks wants to believe, but to those of us who do not drown in an ocean of ideological garbage and have an inkling of understanding of finance, economics and history, its laughable tripe.

The crunch occurred because valuations of homes were ******* insanely high, underwritten by shitty loans which turned out to be the underpinning of the financial system. Investment banks and investment banks within commercial banks freely within the market took on mountains of leverage backed by shitty loans underwritten freely within the market primarily to middle and upper middle class households in the suburbs and to speculators in condos. That home prices began falling before the crunch is exactly what one would expect, given that they were the asset which was insanely priced. So when the house of cards collapsed, credit was withdrawn from the system and all other asset prices collapsed. Simple Market History 101.

Both parties share equal blame for the meltdown...the dems with their equal housing act and the reps with their lack of desire for oversight.

Anyone trying to blame just one party is full of partisan dishonesty.

Sorry for the very minimal examples, I am being curt today

The Financial Crisis occurred primarily outside of the political arena. But highly partisan people want to ascribe politics wherever they can.

 

[PLYMCO_PILGRIM]

rofl

That may be the extreme right wing line the nutter fringe hacks wants to believe, but to those of us who do not drown in an ocean of ideological garbage and have an inkling of understanding of finance, economics and history, its laughable tripe.

The crunch occurred because valuations of homes were ******* insanely high, underwritten by shitty loans which turned out to be the underpinning of the financial system. Investment banks and investment banks within commercial banks freely within the market took on mountains of leverage backed by shitty loans underwritten freely within the market primarily to middle and upper middle class households in the suburbs and to speculators in condos. That home prices began falling before the crunch is exactly what one would expect, given that they were the asset which was insanely priced. So when the house of cards collapsed, credit was withdrawn from the system and all other asset prices collapsed. Simple Market History 101.

Both parties share equal blame for the meltdown...the dems with their equal housing act and the reps with their lack of desire for oversight.

Anyone trying to blame just one party is full of partisan dishonesty.

Sorry for the very minimal examples, I am being curt today

The Financial Crisis occurred primarily outside of the political arena. But highly partisan people want to ascribe politics wherever they can.

You are right that it occured primarily outside of the political areana however the laws that politicians inside the political arena passed are what gave rise to the opportunities for the individuals involved to do what was done prior to the collapse.

 

[Rshermr]

you just gotta know there is a party going on in the wh tonight.
They just love to kiss this guy's ass.
I'm sure michelle has something special planned for the big guy tonight.

View attachment 20321View attachment 20322

Twenty-two million jobs were created during the Clinton administration.
Job creation data for each president since 1960, courtesy Wikipedia:
Kennedy-Johnson Administration: 5.9 million
LBJ administration: 9.9 million
Nixon's first term: 6.2 million
Nixon-Ford administration: 5.1 million
Carter administration: 10.3 million
Reagan administration (both terms): 16.1 million
Bush 41 administration: 2.6 million
Clinton administration (both terms): 22.7 million
Bush 43 administration: 1.95 million
Or put another way: From 1980 to the end of the Bush 43 administration, all three Republican presidents combined produced, over a period of 20 years, two million fewer jobs than Bill Clinton managed to eke out in eight. Kennedy and Johnson managed to produce 50 percent more jobs in four years than the Bushes did in twelve. (In Bush 43's first term he produced ten thousand jobs.) And as for Carter...the Republicans portray him as a president who could do nothing right, but in his four years he managed to produce nearly as many jobs as Reagan did in his second term--10.3m for Carter, 10.8m for Reagan. Even Eisenhower, one of the few Republican presidents I happen to like, was no good at job creation. His 3.5 million jobs created over eight years were far fewer than the 5.5 million Democrat Harry Truman produced in four. In percentage of increase, Eisenhower's record is similar to Reagan's first term.
Translation: Republicans really don't do this "job creation" thing very well.
If you want to go at it by percent of increase, the president with the best job creation rate in the last 40 years is the last guy you'd ever expect: Jimmy Carter, at 3.1 percent. He beat everyone on the list. He's in second place on the overall list--since they started keeping records in the Hoover administration, only FDR in his first term and FDR in his third term (FDR's second term is right up there with Kennedy and Clinton--not bad, but not over five percent like FDR did in his first and third terms) beat Carter.

Read more: Which president of the us created the most jobs

 

[Toro]

Both parties share equal blame for the meltdown...the dems with their equal housing act and the reps with their lack of desire for oversight.

Anyone trying to blame just one party is full of partisan dishonesty.

Sorry for the very minimal examples, I am being curt today

The Financial Crisis occurred primarily outside of the political arena. But highly partisan people want to ascribe politics wherever they can.

You are right that it occured primarily outside of the political areana however the laws that politicians inside the political arena passed are what gave rise to the opportunities for the individuals involved to do what was done prior to the collapse.

Of course government played a role. IMHO, the government was the primary culprit via the Fed through the mispricing of credit and risk. However, though Congress played a role, it took a back seat to other forces shaping the economy. This housing bubble and collapse looks remarkably similar to other housing and credit bubbles around the world that subsequently imploded.

 

[Wiseacre]

The Financial Crisis occurred primarily outside of the political arena. But highly partisan people want to ascribe politics wherever they can.

You are right that it occured primarily outside of the political areana however the laws that politicians inside the political arena passed are what gave rise to the opportunities for the individuals involved to do what was done prior to the collapse.

Of course government played a roll. IMHO, the government was the primary culprit via the Fed through the mispricing of credit and risk. However, though Congress played a roll, it took a back seat to other forces shaping the economy. This housing bubble and collapse looks remarkably similar to other housing and credit bubbles around the world that subsequently imploded.

And therein was the problem: they (gov't) created the circumstances that allowed the bubble to grow and did nothing to preclude the disastrous pop. To be sure, too much greed on just about everybody's part who were involved, down to the people who bought houses they had to know they could not afford, led to the crisis and subsequent recession. As you say, gov't took a back seat, but they shoulda been driving.