Obamacare Economy: 7 Years, 16 million Jobs Created, Middle Class Incomes Up $3K

[Faun]

Moron.... Republicans were in charge of Congress for 12 years. Of course they get the blame. Especially during the early 2000's when the bubble of their creation was exploding and they did nothing to prevent it.

it was pretty hard to stop obama from calling loan standards racist and demanding they allow people who can't afford to buy a home, to buy a home. esp one they couldn't afford. the inflated the housing market cause now people "qualified" for much more $ than they could repay based on factual historical standards, not some trunked up racist bullshit.

like he said and nailed you on - always the other side, our side is clean.

So Republicans aren't to blame even though they were in charge?

no one side is to blame for everything. period. people who think that are the problem.

period.

if i need to dumb that down, holler.

The party in charge is absolutely to blame. In this case, righties like to talk about how Bush kept warning Congress about the GSE's. But then they try to blame Democrats, who were not running the Congress, for not heeding his warnings.

Sorry, Republicans were running the whole show and they failed. Miserably.

so - i say anyone who is completely 1 sided is a pom pom waving cheerleader.

thank you for proving me correct.

That doesn't implicate Democrats, who were on the sidelines.

 

[Faun]

Moron.... Republicans were in charge of Congress for 12 years. Of course they get the blame. Especially during the early 2000's when the bubble of their creation was exploding and they did nothing to prevent it.

it was pretty hard to stop obama from calling loan standards racist and demanding they allow people who can't afford to buy a home, to buy a home. esp one they couldn't afford. the inflated the housing market cause now people "qualified" for much more $ than they could repay based on factual historical standards, not some trunked up racist bullshit.

like he said and nailed you on - always the other side, our side is clean.

So Republicans aren't to blame even though they were in charge?

no one side is to blame for everything. period. people who think that are the problem.

period.

if i need to dumb that down, holler.

The party in charge is absolutely to blame. In this case, righties like to talk about how Bush kept warning Congress about the GSE's. But then they try to blame Democrats, who were not running the Congress, for not heeding his warnings.

Sorry, Republicans were running the whole show and they failed. Miserably.

Since the big push to give out loans to people who really didn't qualify for them came from the Clinton Administration...it's laughable for you to claim that the Democrats had no part in the eventual collapse of the housing market, Faun. But then again...that's you.

I just showed that was not the problem. The problem was not that lenders were forced to give loans to minorities, it was that they were able, and choosing, to write loans they knew were no good because they were profiting from selling off those bad loans.

What was needed was increased oversight to put an end to that. And the Republican-led Congress gave us none.

The CRA was around for decades before the crash, it did not cause it. The CRA is still around, it's still not crashing the economy.

 

[iceberg]

That doesn't implicate Democrats, who were on the sidelines.

not trying to implicate anyone - just notice behavior.

 

[Oldstyle]

it was pretty hard to stop obama from calling loan standards racist and demanding they allow people who can't afford to buy a home, to buy a home. esp one they couldn't afford. the inflated the housing market cause now people "qualified" for much more $ than they could repay based on factual historical standards, not some trunked up racist bullshit.

like he said and nailed you on - always the other side, our side is clean.

So Republicans aren't to blame even though they were in charge?

no one side is to blame for everything. period. people who think that are the problem.

period.

if i need to dumb that down, holler.

The party in charge is absolutely to blame. In this case, righties like to talk about how Bush kept warning Congress about the GSE's. But then they try to blame Democrats, who were not running the Congress, for not heeding his warnings.

Sorry, Republicans were running the whole show and they failed. Miserably.

Since the big push to give out loans to people who really didn't qualify for them came from the Clinton Administration...it's laughable for you to claim that the Democrats had no part in the eventual collapse of the housing market, Faun. But then again...that's you.

I just showed that was not the problem. The problem was not that lenders were forced to give loans to minorities, it was that they were able, and choosing, to write loans they knew were no good because they were profiting from selling off those bad loans.

What was needed was increased oversight to put an end to that. And the Republican-led Congress gave us none.

The CRA was around for decades before the crash, it did not cause it. The CRA is still around, it's still not crashing the economy.

Interesting...so when Bill Clinton signed the Gramm - Leach - Bililey Act into law in 1999...that was the Republicans running the whole show? You know, Faun...it's one thing to be a partisan shill...but when you post things that are just silly...you come across as partisan and full of shit.!

 

[Faun]

So Republicans aren't to blame even though they were in charge?

no one side is to blame for everything. period. people who think that are the problem.

period.

if i need to dumb that down, holler.

The party in charge is absolutely to blame. In this case, righties like to talk about how Bush kept warning Congress about the GSE's. But then they try to blame Democrats, who were not running the Congress, for not heeding his warnings.

Sorry, Republicans were running the whole show and they failed. Miserably.

Since the big push to give out loans to people who really didn't qualify for them came from the Clinton Administration...it's laughable for you to claim that the Democrats had no part in the eventual collapse of the housing market, Faun. But then again...that's you.

I just showed that was not the problem. The problem was not that lenders were forced to give loans to minorities, it was that they were able, and choosing, to write loans they knew were no good because they were profiting from selling off those bad loans.

What was needed was increased oversight to put an end to that. And the Republican-led Congress gave us none.

The CRA was around for decades before the crash, it did not cause it. The CRA is still around, it's still not crashing the economy.

Interesting...so when Bill Clinton signed the Gramm - Leach - Bililey Act into law in 1999...that was the Republicans running the whole show? You know, Faun...it's one thing to be a partisan shill...but when you post things that are just silly...you come across as partisan and full of shit.!

Now you're switching from the CRA to Gramm-Leach-Bliley?

Lying con tool, that didn't cause the crash either.

Lack of oversight did, allowing greed to suck the life-blood out of our credit markets.

 

[IResist]

So are the job numbers during the first quarter of 2017 that Trump credit for now the fault of Obama after Ford announced they were cutting white collar jobs?

 

[Oldstyle]

no one side is to blame for everything. period. people who think that are the problem.

period.

if i need to dumb that down, holler.

The party in charge is absolutely to blame. In this case, righties like to talk about how Bush kept warning Congress about the GSE's. But then they try to blame Democrats, who were not running the Congress, for not heeding his warnings.

Sorry, Republicans were running the whole show and they failed. Miserably.

Since the big push to give out loans to people who really didn't qualify for them came from the Clinton Administration...it's laughable for you to claim that the Democrats had no part in the eventual collapse of the housing market, Faun. But then again...that's you.

I just showed that was not the problem. The problem was not that lenders were forced to give loans to minorities, it was that they were able, and choosing, to write loans they knew were no good because they were profiting from selling off those bad loans.

What was needed was increased oversight to put an end to that. And the Republican-led Congress gave us none.

The CRA was around for decades before the crash, it did not cause it. The CRA is still around, it's still not crashing the economy.

Interesting...so when Bill Clinton signed the Gramm - Leach - Bililey Act into law in 1999...that was the Republicans running the whole show? You know, Faun...it's one thing to be a partisan shill...but when you post things that are just silly...you come across as partisan and full of shit.!

Now you're switching from the CRA to Gramm-Leach-Bliley?

Lying con tool, that didn't cause the crash either.

Lack of oversight did, allowing greed to suck the life-blood out of our credit markets.

Are you trying to prove how ignorant you are? Gramm-Leach-Bililey is part of the CRA. Let me guess...you actually don't know that the original CRA legislation has been added to over the years?

 

[Oldstyle]

And it's obvious that you don't realize that Democrats as well as Republicans passed CRA legislation that relaxed oversight of the financial markets! That's the problem with being a partisan shill, Faun...you're so intent on blaming the GOP for EVERYTHING that you can't see that Democratic policies were also to blame for setting up the housing market crash!

 

[Faun]

The party in charge is absolutely to blame. In this case, righties like to talk about how Bush kept warning Congress about the GSE's. But then they try to blame Democrats, who were not running the Congress, for not heeding his warnings.

Sorry, Republicans were running the whole show and they failed. Miserably.

Since the big push to give out loans to people who really didn't qualify for them came from the Clinton Administration...it's laughable for you to claim that the Democrats had no part in the eventual collapse of the housing market, Faun. But then again...that's you.

I just showed that was not the problem. The problem was not that lenders were forced to give loans to minorities, it was that they were able, and choosing, to write loans they knew were no good because they were profiting from selling off those bad loans.

What was needed was increased oversight to put an end to that. And the Republican-led Congress gave us none.

The CRA was around for decades before the crash, it did not cause it. The CRA is still around, it's still not crashing the economy.

Interesting...so when Bill Clinton signed the Gramm - Leach - Bililey Act into law in 1999...that was the Republicans running the whole show? You know, Faun...it's one thing to be a partisan shill...but when you post things that are just silly...you come across as partisan and full of shit.!

Now you're switching from the CRA to Gramm-Leach-Bliley?

Lying con tool, that didn't cause the crash either.

Lack of oversight did, allowing greed to suck the life-blood out of our credit markets.

Are you trying to prove how ignorant you are? Gramm-Leach-Bililey is part of the CRA. Let me guess...you actually don't know that the original CRA legislation has been added to over the years?

Part of the CRA?



While it had some impact on it, it wasn't "part of" the CRA. What it was most notable for was removing barriers protected by Glass-Steagall.

What is 'Gramm-Leach-Bliley Act of 1999 - GLBA'
The Gramm-Leach-Bliley Act of 1999 (GLBA) was a regulation that Congress passed on November 12, 1999, which attempts to update and modernize the financial industry. The main function of the Act was to repeal the Glass-Steagall Act that said banks and other financial institutions were not allowed to offer financial services, like investments and insurance-related services, as part of normal operations.

The act is also known as Gramm-Leach-Bliley Financial Services Modernization Act.

Gramm-Leach-Bliley Act of 1999 - GLBA​

And again, neither the CRA nor Gramm-Leach-Bliley caused the meltdown.

 

[Faun]

And it's obvious that you don't realize that Democrats as well as Republicans passed CRA legislation that relaxed oversight of the financial markets! That's the problem with being a partisan shill, Faun...you're so intent on blaming the GOP for EVERYTHING that you can't see that Democratic policies were also to blame for setting up the housing market crash!

Funny how the right took credit for the boom before it went bust -- then they blamed the left.

"Thanks to our policies, home ownership in America is at an all-time high." ~ George Bush, 9.2.2004, RNC acceptance speech​

 

[Faun]

[IMG]http://i68.tinypic.com/2m5o3vd.png[/IMG]

Thanks for bumping up my ratings.

 

[Markle]

Politicians get votes by giving people things. They lose them by taking things away...especially when in doing so they leave themselves wide open to accusations that they hate minorities or the poor. That goes for both parties.

So Republicans can't effectively lead and the results of their malfeasance caused the biggest economic meltdown in our country since the Great Depression.

It was the Clinton Administration that really "led" the push to pressure lending institutions into making loans to people that weren't even close to qualifying for them and the GOP members of Congress back then are culpable for what happened later on because they didn't do the hard thing then and say no to what was going on.

The difference between you and I, Faun...and it's a HUGE one...is that I hold Republicans at fault when they screw up...you blame EVERYTHING bad on Republicans and give the Democrats a pass. Claiming that only the GOP is responsible for the economic meltdown is so laughably partisan you can't possibly think anyone is going to take you seriously when you make such a claim.

LOL

Moron.... Republicans were in charge of Congress for 12 years. Of course they get the blame. Especially during the early 2000's when the bubble of their creation was exploding and they did nothing to prevent it.

Democrats have as much if not more of the blame for the housing market meltdown than Republicans do, Faun. All one needs to do is look at how it all unfolded.

Community Reinvestment Act and the Housing Market Crisis of 2008 - Discover the Networks

Idiot.

Did the Community Reinvestment Act (CRA) contribute to foreclosures and the financial crisis? And, is the CRA being reformed?

The Federal Reserve Board has found no connection between CRA and the subprime mortgage problems. In fact, the Board's analysis (102 KB PDF) found that nearly 60 percent of higher-priced loans went to middle- or higher-income borrowers or neighborhoods, which are not the focus of CRA activity. Additionally, about 20 percent of the higher-priced loans that were extended in low- or moderate-income areas, or to low- or moderate-income borrowers, were loans originated by lenders not covered by the CRA. Our analysis found that only six percent of all higher-priced loans were made by CRA-covered lenders to borrowers and neighborhoods targeted by the CRA. Further, our review of loan performance found that rates of serious mortgage delinquency are high in all neighborhood groups, not just in lower-income areas.​

You continue to rail about the same BS with regard to the CRA.

NO ONE has ever suggested that the CRA was solely responsible for the mortgage/housing/financial collapse in 2007.

It was and is the core issue in the collapse. As you well know and continue to ignore, is that the changes mandated by the CRA, had to be extended to all other loans. That is also coupled with the fact that, again as you know, that Congress mandated that Fannie and Freddie drastically had to increase the percentage of sub-prime loans they had to have in their portfolio.

Once again, why do you ignore facts? Other than to be a troll I mean.

April 3, 1998. After announcing billions in fines via CRA Andrew Cuomo is bold in pride that CRA would be abused to force banks to give bad loans.



The Democrats and Obama caused the financial crisis of 08 by supporting Fannie Mae and Freddie Mac

Embedded media from this media site is no longer available

Don't Regulate Fannie Mae or Freddy Mac [Franklin Raines was fined and Fannie Mae fined $400 million], [Raines was also a financial adviser to Obama]


UPDATED: Obama Sued Citibank Under CRA to Force it to Make Bad Loans
UPDATED: Obama Sued Citibank Under CRA to Force it to Make Bad Loans - Media Circus | Media Circus

Now, since your only motive is to stir the pot, play the troll and accomplish nothing.

 

[Faun]

So Republicans can't effectively lead and the results of their malfeasance caused the biggest economic meltdown in our country since the Great Depression.

It was the Clinton Administration that really "led" the push to pressure lending institutions into making loans to people that weren't even close to qualifying for them and the GOP members of Congress back then are culpable for what happened later on because they didn't do the hard thing then and say no to what was going on.

The difference between you and I, Faun...and it's a HUGE one...is that I hold Republicans at fault when they screw up...you blame EVERYTHING bad on Republicans and give the Democrats a pass. Claiming that only the GOP is responsible for the economic meltdown is so laughably partisan you can't possibly think anyone is going to take you seriously when you make such a claim.

LOL

Moron.... Republicans were in charge of Congress for 12 years. Of course they get the blame. Especially during the early 2000's when the bubble of their creation was exploding and they did nothing to prevent it.

Democrats have as much if not more of the blame for the housing market meltdown than Republicans do, Faun. All one needs to do is look at how it all unfolded.

Community Reinvestment Act and the Housing Market Crisis of 2008 - Discover the Networks

Idiot.

Did the Community Reinvestment Act (CRA) contribute to foreclosures and the financial crisis? And, is the CRA being reformed?

The Federal Reserve Board has found no connection between CRA and the subprime mortgage problems. In fact, the Board's analysis (102 KB PDF) found that nearly 60 percent of higher-priced loans went to middle- or higher-income borrowers or neighborhoods, which are not the focus of CRA activity. Additionally, about 20 percent of the higher-priced loans that were extended in low- or moderate-income areas, or to low- or moderate-income borrowers, were loans originated by lenders not covered by the CRA. Our analysis found that only six percent of all higher-priced loans were made by CRA-covered lenders to borrowers and neighborhoods targeted by the CRA. Further, our review of loan performance found that rates of serious mortgage delinquency are high in all neighborhood groups, not just in lower-income areas.​

You continue to rail about the same BS with regard to the CRA.

NO ONE has ever suggested that the CRA was solely responsible for the mortgage/housing/financial collapse in 2007.

It was and is the core issue in the collapse. As you well know and continue to ignore, is that the changes mandated by the CRA, had to be extended to all other loans. That is also coupled with the fact that, again as you know, that Congress mandated that Fannie and Freddie drastically had to increase the percentage of sub-prime loans they had to have in their portfolio.

Once again, why do you ignore facts? Other than to be a troll I mean.

April 3, 1998. After announcing billions in fines via CRA Andrew Cuomo is bold in pride that CRA would be abused to force banks to give bad loans.



The Democrats and Obama caused the financial crisis of 08 by supporting Fannie Mae and Freddie Mac

Embedded media from this media site is no longer available

Don't Regulate Fannie Mae or Freddy Mac [Franklin Raines was fined and Fannie Mae fined $400 million], [Raines was also a financial adviser to Obama]


UPDATED: Obama Sued Citibank Under CRA to Force it to Make Bad Loans
UPDATED: Obama Sued Citibank Under CRA to Force it to Make Bad Loans - Media Circus | Media Circus

Now, since your only motive is to stir the pot, play the troll and accomplish nothing.

Idiot...

Did the Community Reinvestment Act (CRA) contribute to foreclosures and the financial crisis? And, is the CRA being reformed?

The Federal Reserve Board has found no connection between CRA and the subprime mortgage problems. In fact, the Board's analysis (102 KB PDF) found that nearly 60 percent of higher-priced loans went to middle- or higher-income borrowers or neighborhoods, which are not the focus of CRA activity. Additionally, about 20 percent of the higher-priced loans that were extended in low- or moderate-income areas, or to low- or moderate-income borrowers, were loans originated by lenders not covered by the CRA. Our analysis found that only six percent of all higher-priced loans were made by CRA-covered lenders to borrowers and neighborhoods targeted by the CRA. Further, our review of loan performance found that rates of serious mortgage delinquency are high in all neighborhood groups, not just in lower-income areas.​

 

[Oldstyle]

Since the big push to give out loans to people who really didn't qualify for them came from the Clinton Administration...it's laughable for you to claim that the Democrats had no part in the eventual collapse of the housing market, Faun. But then again...that's you.

I just showed that was not the problem. The problem was not that lenders were forced to give loans to minorities, it was that they were able, and choosing, to write loans they knew were no good because they were profiting from selling off those bad loans.

What was needed was increased oversight to put an end to that. And the Republican-led Congress gave us none.

The CRA was around for decades before the crash, it did not cause it. The CRA is still around, it's still not crashing the economy.

Interesting...so when Bill Clinton signed the Gramm - Leach - Bililey Act into law in 1999...that was the Republicans running the whole show? You know, Faun...it's one thing to be a partisan shill...but when you post things that are just silly...you come across as partisan and full of shit.!

Now you're switching from the CRA to Gramm-Leach-Bliley?

Lying con tool, that didn't cause the crash either.

Lack of oversight did, allowing greed to suck the life-blood out of our credit markets.

Are you trying to prove how ignorant you are? Gramm-Leach-Bililey is part of the CRA. Let me guess...you actually don't know that the original CRA legislation has been added to over the years?

Part of the CRA?



While it had some impact on it, it wasn't "part of" the CRA. What it was most notable for was removing barriers protected by Glass-Steagall.

What is 'Gramm-Leach-Bliley Act of 1999 - GLBA'
The Gramm-Leach-Bliley Act of 1999 (GLBA) was a regulation that Congress passed on November 12, 1999, which attempts to update and modernize the financial industry. The main function of the Act was to repeal the Glass-Steagall Act that said banks and other financial institutions were not allowed to offer financial services, like investments and insurance-related services, as part of normal operations.

The act is also known as Gramm-Leach-Bliley Financial Services Modernization Act.

Gramm-Leach-Bliley Act of 1999 - GLBA​

And again, neither the CRA nor Gramm-Leach-Bliley caused the meltdown.

The CRA was passed in 1977 and then revised in '89, '91, '92', '94, '95, '99, '05, '07 & '08. Gramm-Leach-Bililey was part of the '99 revision. Yes, it removed barriers protected by Glass-Steagall and yes, Bill Clinton signed it into law! So much for your claim that it was only the GOP that eased regulations on lending institutions!

 

[Faun]

I just showed that was not the problem. The problem was not that lenders were forced to give loans to minorities, it was that they were able, and choosing, to write loans they knew were no good because they were profiting from selling off those bad loans.

What was needed was increased oversight to put an end to that. And the Republican-led Congress gave us none.

The CRA was around for decades before the crash, it did not cause it. The CRA is still around, it's still not crashing the economy.

Interesting...so when Bill Clinton signed the Gramm - Leach - Bililey Act into law in 1999...that was the Republicans running the whole show? You know, Faun...it's one thing to be a partisan shill...but when you post things that are just silly...you come across as partisan and full of shit.!

Now you're switching from the CRA to Gramm-Leach-Bliley?

Lying con tool, that didn't cause the crash either.

Lack of oversight did, allowing greed to suck the life-blood out of our credit markets.

Are you trying to prove how ignorant you are? Gramm-Leach-Bililey is part of the CRA. Let me guess...you actually don't know that the original CRA legislation has been added to over the years?

Part of the CRA?



While it had some impact on it, it wasn't "part of" the CRA. What it was most notable for was removing barriers protected by Glass-Steagall.

What is 'Gramm-Leach-Bliley Act of 1999 - GLBA'
The Gramm-Leach-Bliley Act of 1999 (GLBA) was a regulation that Congress passed on November 12, 1999, which attempts to update and modernize the financial industry. The main function of the Act was to repeal the Glass-Steagall Act that said banks and other financial institutions were not allowed to offer financial services, like investments and insurance-related services, as part of normal operations.

The act is also known as Gramm-Leach-Bliley Financial Services Modernization Act.

Gramm-Leach-Bliley Act of 1999 - GLBA​

And again, neither the CRA nor Gramm-Leach-Bliley caused the meltdown.

The CRA was passed in 1977 and then revised in '89, '91, '92', '94, '95, '99, '05, '07 & '08. Gramm-Leach-Bililey was part of the '99 revision. Yes, it removed barriers protected by Glass-Steagall and yes, Bill Clinton signed it into law! So much for your claim that it was only the GOP that eased regulations on lending institutions!

Do you ever stop lying, ya con tool?

Ever??

Quote me ever saying Clinton didn't sign legislation which eased regulations on lending institutions or show the forum yet again what a lying con tool you are.

 

[Oldstyle]

Seriously? You've spent this entire string blaming the GOP for the economic meltdown supposedly because they eased regulations on lending institutions but when I point out that it was Bill Clinton signed the amendment to the CRA that eased restrictions on lending institutions in 1999, you accuse me of being a liar?

Why don't you admit that both Democrats AND Republicans were culpable for the housing collapse! I know that kind of honesty is difficult for a partisan shill like yourself, Faun but continuing to claim what you are simply makes you look ridiculous.

 

[Faun]

Seriously? You've spent this entire string blaming the GOP for the economic meltdown supposedly because they eased regulations on lending institutions ....

Do you ever stop lying, ya con tool?

Ever???

I never said that.