Obama was underwater a good many times -- in polls

[Dirk the Daring]

Actually, it is relevant. If Trump had lost after getting the most votes, we'd never hear the end of it.

Derpy derp, you mean like how Hillary Clinton had more votes but lost the electoral college count, that you and your ilk are ALWAYS ready to proclaim at a moment's notice? Like that you mean? I'm beginning to think that IQ2 is a bit too generous...

 

[Alicia J]

Good gosh, is this yet another poster who doesn't know how message boards work? You do know that you're allowed to scroll BACK through old messages, right?

I believe you're trying to imply that Bush doesn't deserve the blame for the 2008 stock market crash. However, he was president for almost 8 years before it happened, so he gets at least 80% of the blame.

Republicans have always been strong advocates of financial deregulation....and that is the #1 cause of the stock market crash. Bush's entire presidency was about deregulation, he did a ton of damage to our government, especially the EPA.

Reckless gambling by the giant Wall Street banks in the derivatives market for mortgages is what caused the 2008 crash, as discussed in the great book and movie The Big Short.

The repeal of the Glass Steagall Act in 1999, which prevented commercial banks from engaging in investment bank activities, was also a major cause. And that is why I don't place all the blame on Bush.

 

[BS Filter]

Generally, if you disagreed with Obama you were labeled a racist.

 

[Dirk the Daring]

IQ2 might not, but IM2 does. You MAGATS can't handle the truth.

Ha. As I suspected. Find ONE post of mine on this message board where I speak highly of Trump OR his followers. See you don't KNOW anything, but your ego won't allow you to realize this, and THAT is your problem. I can help you with this, but you have to be willing to learn...

 

[Alicia J]

Are those photos of your BLM and antifa heroes In the Pacific Northwest before they burned and looted entire ciypty blocks?

Your queen Carmella Harris also offered to help with bail funds for your heroes.

Just stupid, juvenile comments. BLM wasn't trying to steal an election and kill politicians, like those MAGA traitors did on Jan 6.

You can't make Jan 6 go away with your lame false equivalency....although you certainly wish you could. You will have to explain to your maker on your death bed why you voted for the most evil man to ever live in the White House, Donald Trump.

 

[Lesh]

Criminals got in there, the ones Cheeto pardoned


View attachment 1239559

Hey Robert

Can you see that?

 

[Alicia J]

Generally, if you disagreed with Obama you were labeled a racist.

That's not why. You're a racist because you believe Trump's birther bullshit about Obama being a Muslim born in Kenya.

 

[JonKoch]

I believe you're trying to imply that Bush doesn't deserve the blame for the 2008 stock market crash. However, he was president for almost 8 years before it happened, so he gets at least 80% of the blame.

Republicans have always been strong advocates of financial deregulation....and that is the #1 cause of the stock market crash. Bush's entire presidency was about deregulation, he did a ton of damage to our government, especially the EPA.

Reckless gambling by the giant Wall Street banks in the derivatives market for mortgages is what caused the 2008 crash, as discussed in the great book and movie The Big Short.

The repeal of the Glass Steagall Act in 1999, which prevented commercial banks from engaging in investment bank activities, was also a major cause. And that is why I don't place all the blame on Bush.

Glass Steagall Act in 1999

"Dead" Law: By 1999, many argued the Act was already circumvented by regulatory loopholes, making the legislation a formal recognition of existing market shifts


.
The 1999 repeal of the Glass-Steagall Act via the Gramm-Leach-Bliley Act did not directly cause the 2008 subprime crisis, as the core issues were bad mortgage underwriting and securitization, not the merger of commercial and investment banking. While it allowed larger financial institutions, key failures involved entities not primarily affected by the merger restrictions.

https://www.npr.org/sections/thetwo-way/2015/10/14/448685233/fact-check-did-glass-steagall-cause-the-2008-financial-crisis#:~:text=The%20changes%20to%20Glass%2DSteagall%20allowed%20the%20biggest,a%20major%20factor%20in%20the%202008%20crash.

24 OF THE 25 BIGGEST MORTGAGE ORIGINATORS IN 2006, WERE NOT SUBJECT TO MOST BANKING REGS. It was mortgage brokers, backed by wall street that caused it, banks, like Fannie/Freddie jumped on it because they saw $$$$




Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages."

The rise and fall of subprime mortgages

After booming the first half of this decade, US housing activity has retrenched sharply. Single-family building permits have plunged 52 percent and existing-home sales have declined 30 percent since their September 2005 peaks. ; A rise in mortgage

www.academia.edu

Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50 % OF ALL MORTGAGES IN 2006 DIDN'T REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?

A Yes.




Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?

A Banks.

Q WHY??!?!!!?!

A Two reasons, greed and Bush's regulators let them


And then they sold the loan and risk to investors and GSEs clamoring for the loans. Actually banks, pension funds, investment banks and other investors clamored for them. Bush forced Freddie and Fannie to buy an additional $440 billion in mortgages in the secondary market.

Thread 'FACTS on Dubya's great recession'

Jul 2, 2014

Q When did the Bush Mortgage Bubble start?

A The general timeframe is it started late 2004.

From Bush’s President’s Working Group on Financial Markets October 2008

“The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.”



Q Did the Community Reinvestment Act under Carter/Clinton caused it?


A "Since 1995 there has been essentially no change in the basic CRA rules or...

• Dad2three
• Replies: 481
• Forum: Economy

• 

 

[JonKoch]

Generally, if you disagreed with Obama you were labeled a racist.

Nah, just the ones who behaved like a racist, you know like Cheeto and birther BS

 

[Hollie]

Just stupid, juvenile comments. BLM wasn't trying to steal an election and kill politicians, like those MAGA traitors did on Jan 6.

You can't make Jan 6 go away with your lame false equivalency....although you certainly wish you could. You will have to explain to your maker on your death bed why you voted for the most evil man to ever live in the White House, Donald Trump.

Just stupid and juvenile leftist babbling. No one at the J6 peaceful protestvp had any ability to “steal an election” no politicians were killed and none were in danger of being killed.

On the other hand, your BLM and antifa heroes were far more destryctive and deadly in their attacks and burning / looting of entire city blocks.

Take credit for what your vile ideology created.

 

[BS Filter]

That's not why. You're a racist because you believe Trump's birther bullshit about Obama being a Muslim born in Kenya.

You don't know what I believe, idiot.

 

[BS Filter]

Nah, just the ones who behaved like a racist, you know like Cheeto and birther BS

Wrong. I was around when Obama was running for President and followed his two terms closely.

 

[Hollie]

Generally, if you disagreed with Obama you were labeled a racist.

Which begs a certain irony as bathhouse / gay fantasizing Obama was a non- apologetic racist.

 

[Alicia J]

Just stupid and juvenile leftist babbling. No one at the J6 peaceful protestvp had any ability to “steal an election” no politicians were killed and none were in danger of being killed.

On the other hand, your BLM and antifa heroes were far more destryctive and deadly in their attacks and burning / looting of entire city blocks.

Take credit for what your vile ideology created.

In bold -- that's why nothing you say can be taken seriously. You are obviously deranged and radicalized.

 

[BS Filter]

Which begs a certain irony as bathhouse / gay fantasizing Obama was a non- apologetic racist.

Barky and Michelle are very skilled race hustlers. They have fooled a lot of ignorant people.

 

[Hollie]

In bold -- that's why nothing you say can be taken seriously. You are obviously deranged and radicalized.

You thing bolded text somehow makes your whining true? That’s so cute.

So tell us, how could anyone at J6 ‘steal” an election? Leftist fantasies about “stolen elections” are adorable.

Be specific and give us an example. Something not whacked out and stupid to placate your ignorance.

 

[BS Filter]

That's not why. You're a racist because you believe Trump's birther bullshit about Obama being a Muslim born in Kenya.

Obama was raised Muslim. Do your research.

 

[Hollie]

That's not why. You're a racist because you believe Trump's birther bullshit about Obama being a Muslim born in Kenya.

Is Moslem now a “race”? When did that happen?

 

[Alicia J]

You thing bolded text somehow makes your whining true? That’s so cute.

So tell us, how could anyone at J6 ‘steal” an election? Leftist fantasies about “stolen elections” are adorable.

Why do you think Trump was so upset at Pence on Jan 6? He wanted Pence to count the fake elector votes that were delivered to the House by fake delegates from a few battleground states. Pence refused to do it.

Mike Pence testified about this. That's a big reason why Trump was charged with election fraud.

But you live in a fact-free world, so none of this matters to you.

 

[Alicia J]

Is Moslem now a “race”? When did that happen?

You're missing the point, on purpose obviously.

Trump was implying that there was something "different" about Obama. Therefore, Obama shouldn't be president.

Yeah, there was something different, alright -- Obama's black skin.

But you probably agree with Trump.