Obama was underwater a good many times -- in polls

[Lockback]

Cheeto is that you?

Look! It's a leftist moron!

 

[JonKoch]

Bush had to deal with the mortgage crises the Democrats and Clinton created.

LMAOROG



Bush Mortgage Bubble include (but not limited to)

Wanting 5.5 million more minority homeowners
Tells congress there is nothing wrong with GSEs
Pledging to use federal policy to increase home ownership
Routinely taking credit for the housing market
Forcing GSEs to buy more low income home loans by raising their Housing Goals
Lowering Investment bank's capital requirements, Net Capital rule (12-1 TO 35-1))
Reversing the Clinton rule that restricted GSEs purchases of subprime loans
Lowering down payment requirements to 0%
Forcing GSEs to spend an additional $440 billion in the secondary markets
Giving away 40,000 free down payments


PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING


But the biggest policy was regulators not enforcing lending standards
Right-wingers Want To Erase How George Bush's "Homeowner Society" Helped Cause The Economic Collapse


2004 Republican Convention:

Another priority for a new term is to build an ownership society, because ownership brings security and dignity and independence.
...

Thanks to our policies, home ownership in America is at an all- time high.

(APPLAUSE)

Tonight we set a new goal: 7 million more affordable homes in the next 10 years, so more American families will be able to open the door and say, "Welcome to my home."


June 17, 2004


Builders to fight Bush's low-income plan


NEW YORK (CNN/Money) - Home builders, realtors and others are preparing to fight a Bush administration plan that would require Fannie Mae and Freddie Mac to increase financing of homes for low-income people, a home builder group said Thursday.


Bush drive for home ownership fueled housing bubble


He insisted that Fannie Mae and Freddie Mac meet ambitious new goals for low-income lending.

Concerned that down payments were a barrier, Bush persuaded Congress to spend as much as $200 million a year to help first-time buyers with down payments and closing costs.




And he pushed to allow first-time buyers to qualify for government insured mortgages with no money down

 

[JonKoch]

When you talk like that, your posts are worth nothing.

To the public, Obama was underwater 5 of his 8 years. Did you want to explain that?

GOP DIG DEEP HOLES CUPCAKE, AND THEN REFUSE TO HELP DIG US OUT

Obama’s Final Numbers​

Statistical indicators of President Obama's eight years in office.

 

[Lesh]

Obama was a president for eight years and the U.S. economy limped along that entire eight years. Obama never saw a year where the annual growth in GDP hit 3.%. He’s the only two term president in history to see that.

His GDP was the same as Trump’s

U.S. Gross Domestic Product (GDP) Growth by President

Gross domestic product (GDP) growth is the most popular way to measure economic growth. Actions that the president takes while in office can influence GDP growth, as can events such as recessions, pandemics, or wars.

www.investopedia.com

 

[JonKoch]

Yea, like I said, when the economy is coming out of a recession, it can look REAL good on paper. Democrats lost more than one thousand seats in state legislatures, governors’ mansions, and Congress during his time in office. In the midterm elections, republicans easily won the house, picking up 63 seats. If Obama was doing SO WELL, why did democrats lose so badly?

Obama gave billions to terrorists. Americans don't like that.

So what did the well articulated negro DO to cause the economy to come back? Get voted into office? Be very specific, answer the question and back it up with facts, or retract knowing the negro did nothing but ride the boat into the harbor.

Obama did 8 years in office and had ONE thing he's recognized for, the failure known as OBAMACARE. A failed rollout, failure to reduce prices, and something that did nothing but add to the debt.

The fragile legacy of Barack Obama | Brookings

The legacy of Obama’s presidency mainly rests on its tremendous symbolic importance and the fate of a patchwork of executive actions.

www.brookings.edu

And again, if Obama was so great, why did Hillary get her ass kicked in 2016?

Because of the Iran war, I expect at least a blue wave of small proportions in November. And if things don't improve, Vance will have a hard sell in 2028.

 

[JonKoch]

Obama was nothing more than a well articulated negro. Voted in because he was black. Voted in a 2nd time because Mitt Romney was hated even more than he was. The only president to win a nobel peace prize and laugh about it, knowing he'd done nothing to deserve it, while Trump ended 8 wars and didn't receive it. And the person who received it gifted it to Trump, knowing TRUMP deserved it, not her.

Gawd, you are stoopid as fuk CULT member

 

[JonKoch]

Do your research. You'll look smarter.

Next to the CULT members here, I look like a Rhodes Scholar

 

[JonKoch]

Bush had to deal with the mortgage crises the Democrats and Clinton created.

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."




"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."

https://www.govinfo.gov/content/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf

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

• 

 

[Lesh]

Trump said he would bomb bridges and power plants. Unless Iranians are living on bridges and in power plants, Trump didn't want to kill anyone. He wanted to cripple the regimes ability to use its infrastructure in wartime.

Like has been done in every war since WW1.

You take out a nation’s power supply and people die. Lots of people.

Jackass

 

[BS Filter]

Next to the CULT members here, I look like a Rhodes Scholar

You're mentally ill.

 

[Lockback]

GOP DIG DEEP HOLES CUPCAKE, AND THEN REFUSE TO HELP DIG US OUT

Obama’s Final Numbers​

Statistical indicators of President Obama's eight years in office.

View attachment 1242299View attachment 1242301


View attachment 1242304

View attachment 1242305

Obama was a failure. Not as big a failure as Biden, the Worst President In American History. But he still sucked ass.

 

[Alicia J]

Explain why Obama was underwater 5 of his 8 years?

Because Bush was a worthless ****-up. And I'm you stupidly voted for him twice.

 

[Alicia J]

Bush had to deal with the mortgage crises the Democrats and Clinton created.

Nope, Bush deserves most of the blame for that. His stupid massive tax cuts and love affair with de-regulation were major causes.

 

[tahuyaman]

Nope, Bush deserves most of the blame for that. His stupid massive tax cuts and love affair with de-regulation were major causes.

If the Bush tax cuts were so bad, why did the Democrats and Obama Obama extend them.

The Dodd Frank act in the Clinton era is what caused the mortgage crisis. Democrats forced lending institutions to make home loans they knew the buyers could never pay back.

 

[tahuyaman]

Because Bush was a worthless ****-up. And I'm you stupidly voted for him twice.

So Obama’s weak approval rating for most of his administration was because of Bush?

 

[tahuyaman]

You take out a nation’s power supply and people die. Lots of people.

Jackass

You can take out enough that the regime has two choices. Either use what’s left to support the population or use it to rebuild the military.

Idiots don’t get that.

 

[Robert W]

Because Bush was a worthless ****-up. And I'm you stupidly voted for him twice.

So, if Trump lags, it will be Biden's fault? I knew what happened in the mortgage affair and Bush worked his ass off to prevent it. Democrats told him no economy would
be damaged and of course that was a lie.

 

[tahuyaman]

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."




"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."

https://www.govinfo.gov/content/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf

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

• 

View attachment 1242312

The Clinton administration and Democrats did that. Dodd Frank legislation. Check it out.

 

[Robert W]

If the Bush tax cuts were so bad, why did the Democrats and Obama Obama extend them.

The Dodd Frank act in the Clinton era is what caused the mortgage crisis. Democrats forced lending institutions to make home loans they knew the buyers could never pay back.

Then, we got Faxed to us daily papers from the wholesale lenders that Democrats know nothing about with rates and points. Buyers and homeowners never saw them. But even if we wanted lower rates to offer our clients, we had just what we were offered. Fannie May and Freddie Mae made the rules and even appraisers know all about that, and when they okayed bad loans, some of us lenders at that time would happily use the bad loans to get more points. I refused to do that. Lehman Brothers were king of the bad loans and only when the homeowner was desperate and I informed them the loans were bad, did the owners of the homes get shafted. I warned them.

 

[Robert W]

GOP DIG DEEP HOLES CUPCAKE, AND THEN REFUSE TO HELP DIG US OUT

Obama’s Final Numbers​

Statistical indicators of President Obama's eight years in office.

View attachment 1242299View attachment 1242301


View attachment 1242304

View attachment 1242305

Does that explain Obama's 5 out of 8 years slump in ratings?