Obama's Economic 'Lateral Pass' To Bill's Wife

“Some ideas are so stupid, only an intellectual could believe them.” George Orwell



1. We on the Right hardly ever proclaim ourselves 'intellectuals.' In fact, for many of us, it is a pejorative.

a.In Intellectuals and Society, Thomas Sowell vigorously denies being an 'intellectual.'

But, Sowell vigorously defends wisdom—practical reason—against an abstract rationalism that values ideas over the experience of actual human beings. Intellectuals, he argues, are particularly suspicious of the ties ordinary men and women feel to family, religion, and country. They look down upon “objective reality and objective criteria” in the social sciences, art, music, and philosophy. Their “systems” tend to be self-referential and lack accountability in the external world.


b. As an example of "Intellectuals, he argues, they are particularly suspicious of the ties ordinary men and women feel to family, religion, and country."

“And it's not surprising then they get bitter, they cling to guns or religion or antipathy toward people who aren't like them or anti-immigrant sentiment or anti-trade sentiment as a way to explain their frustrations.” That's a pretty broad list of things to explain with job loss. http://www.politico.com/blogs/bensm...own_PA_Clinging_religion_guns_xenophobia.html

Based on a self actualization outlook....who would I have a beer with.....? Hmmmm.....
The 'intellectual' who has an unbroken record of failure and incompetence...?
Let's restrict this thread to Obama's scorched earth record of husbanding the economy, the prosperity of the nation, and who promises to continue same.




2. Louis Woodhill shares some numbers that capture Obama’s real legacy [http://www.realclearmarkets.com/art...as_sad_record_on_economic_growth_101987.html].....

“America’s elites have largely given up on growth, and are now distracting themselves with academic musings about ‘secular stagnation.’ … assuming 2.67% RGDP growth for 2016, Obama will leave office having produced an average of 1.55% growth.


This would place his presidency fourth from the bottom of the list..., above only those of Herbert Hoover (-5.65%), Andrew Johnson (-0.70%) and Theodore Roosevelt (1.41%).”



What makes this final comparison so damning is that Obama had the comparative good fortune to enter office in the middle of a recession. Which means, all things equal, that his numbers should look very positive.

Instead, he’s managed to compile one of the worst track records."



The only individuals less competent than Barack Obama are his voters.
Unemployment under 5% and wages up. Thanks Obama.

Go back to bushanomics? Trickle down? No no
This discussion is well above your education level....
We're close to zero unemployment. If we bring jobs back home who will do them? We will need more Mexicans Asians Indians and Arabs.

Ceo's need to profit share instead of taking it all. That's all
A record number of people not in the work force 94,708,000. Record number on welfare. You lie as bad as Hillary.
 
4. "What Obama is claiming — that his presidency is responsible for "saving the world economy from a Great Depression" — is nonsense, but he's clearly beginning to lobby for it to become the historical narrative. This may explain why the Associated Press, while running a story on what Obama said, has made it pretty difficult to find. But it will be there for agenda-driven hacks to locate when it becomes time to spin the history. If a Republican or conservative president made such a claim, the fact checkers would already have been out in force.


At a townhall in London, Obama was asked: "After eight years, what would you say you want your legacy to be?" Here was his response, as it related to the "world economy":
"Saving the world economy from a Great Depression -- that was pretty good. (Laughter and applause.)"


[Obama:] "The first time I came to London was April of 2009, and the world economy was in a free fall, in part because of the reckless behavior of folks on Wall Street, but in part because of reckless behavior of a lot of financial institutions around the globe. For us to be able to mobilize the world community to take rapid action to stabilize the financial markets, and then in the United States to pass Wall Street reforms that make it much less likely that a crisis like that can happen again, I'm proud of that."


It's almost as if AP recognizes how absurd Obama's claim is, and wants to have it for the record so the historical revisionists can find it — but would rather as few people as possible know about it just yet." Obama Takes Credit For 'Saving the World Economy From a Great Depression'




If I may paraphrase Rudyard Kipling....
'Trust a Brahmin before a snake, and a snake before a harlot, and a harlot before a Democrat"
 
"What Obama is claiming — that his presidency is responsible for "saving the world economy from a Great Depression" — is nonsense



5. "Obama's claim is beyond false. In a sane world, people would see it as obvious misdirection from a deliberately damaging 2008-2009 agenda.

The fact of the matter is that he and his party worked mightily to ensure that the economic downturn of 2008 and 2009 would become a full-blown recession, and that it would worsen significantly before and shortly after he took office. At that point, he believed that his Keynesian minions would ride to the rescue with their policies of fiscal stimulus and massive Federal Reserve quantitative easing, save the day, and make progressives the world's economic heroes for the balance of human history.

Instead, here we are, seven years into the worst economic recovery since World War II by miles, with a reasonable likelihood that the U.S and world economies are heading into another recession, this time in a far weaker condition to combat it." Obama Takes Credit For 'Saving the World Economy From a Great Depression'




In the above is Obama's reprise of Franklin Roosevelt's economic plan: amplify an economic downturn so the less astute will allow you to do whatever you wish.

"You never let a serious crisis go to waste. And what I mean by that it's an opportunity to do things you think you could not do before." - Rahm Emanuel
 
"What Obama is claiming — that his presidency is responsible for "saving the world economy from a Great Depression" — is nonsense
A lot less nonsense than the Right trying to claim St Ronnie won the Cold War and trying to steal the credit for the actual hard work Gorbachev and Yeltsin did to break up the USSR.
 
We on the Right hardly ever proclaim ourselves 'intellectuals.' In fact, for many of us, it is a pejorative.
The Right proclaim themselves as "know-it-alls." In fact, for all of us, it is a pejorative.
The Right, it turns out, has been spot on about the failure known as Barack Hussein Obama.
The Right have never been "spot on" about anything!



Of course, this very thread not only proves you wrong.....but proves that providing truth is a gargantuan burden for you.
 
"What Obama is claiming — that his presidency is responsible for "saving the world economy from a Great Depression" — is nonsense
A lot less nonsense than the Right trying to claim St Ronnie won the Cold War and trying to steal the credit for the actual hard work Gorbachev and Yeltsin did to break up the USSR.


Aha!

The ol' change the debate tap-dance.


1. Ronaldus Maximus did end the Cold War, reversing the gains that Franklin Roosevelt gifted to Joseph Stalin, without firing a shot.

2. St. Ronnie provided a golden economic age, one that you Leftists can only look at and dream of ever having.

3. There is nary a difference between the societal end-game of the communists, and those of the Liberals/Democrats.
 
6. Obama could have produced a far more prosperous economy?
Well.....yes, if he weren't a petrified ideologue, unable to accept truth.


"... in February 2009 when it should have been obvious to anyone with eyes what the strategy was (linkd are in originals; bolds are mine):

[from 2009:]... there are underlying indications of a nascent recovery. Gas prices have stayed well over 50% lower than they were last summer, keeping an estimated $1 billion a day in consumers' pockets. Record-low mortgage rates have fueled a wave of refinancing around the country, with lower monthly mortgage payments freeing up additional billions of spendable dollars a month.

.... it's almost as if President Obama has seen these early signs of improvement and said, "We can't have that."



But the terrible triumvirate of Nancy Pelosi, Barack Obama, and Harry Reid insisted on starving the economy of energy, and persisted with proposals for jaw-dropping tax increases on the most productive.



Finally, their party's decades-long romance with lending mortgage money to unqualified borrowers came to a head at the "worst" possible time -- for the nation, not for them -- with the multibillion-dollar implosions at Fannie Mae and Freddie Mac, followed by the spread of the wreckage to other financial institutions." Obama Takes Credit For 'Saving the World Economy From a Great Depression'

Who gave us Fannie Mae, Freddie Mac, and the Mortgage Meltdown?
Democrats.



"Hillary Clinton promises to support and continue the policies of President Obama."
http://theimmoralminority.blogspot.com/2016/01/hillary-clinton-promises-to-support-and.html
 
"What Obama is claiming — that his presidency is responsible for "saving the world economy from a Great Depression" — is nonsense
A lot less nonsense than the Right trying to claim St Ronnie won the Cold War and trying to steal the credit for the actual hard work Gorbachev and Yeltsin did to break up the USSR.


Aha!

The ol' change the debate tap-dance.


1. Ronaldus Maximus did end the Cold War, reversing the gains that Franklin Roosevelt gifted to Joseph Stalin, without firing a shot.

2. St. Ronnie provided a golden economic age, one that you Leftists can only look at and dream of ever having.

3. There is nary a difference between the societal end-game of the communists, and those of the Liberals/Democrats.
All Reagan did was bankrupt this great nation turning it from a creditor nation into a debtor nation. The false claim that St Ronnie won the Cold War is just a feeble rationalization for his bankrupting the country.
 
"What Obama is claiming — that his presidency is responsible for "saving the world economy from a Great Depression" — is nonsense
A lot less nonsense than the Right trying to claim St Ronnie won the Cold War and trying to steal the credit for the actual hard work Gorbachev and Yeltsin did to break up the USSR.


Aha!

The ol' change the debate tap-dance.


1. Ronaldus Maximus did end the Cold War, reversing the gains that Franklin Roosevelt gifted to Joseph Stalin, without firing a shot.

2. St. Ronnie provided a golden economic age, one that you Leftists can only look at and dream of ever having.

3. There is nary a difference between the societal end-game of the communists, and those of the Liberals/Democrats.
All Reagan did was bankrupt this great nation turning it from a creditor nation into a debtor nation. The false claim that St Ronnie won the Cold War is just a feeble rationalization for his bankrupting the country.


Gads your a dunce.

Your kind has been around sooooo long that Aesop wrote about you......

...here:

Æsop. (Sixth century B.C.)
The Fox and the Grapes


ONE hot summer’s day a Fox was strolling through an orchard till he came to a bunch of Grapes just ripening on a vine which had been trained over a lofty branch. “Just the things to quench my thirst,” quoth he. Drawing back a few paces, he took a run and a jump, and just missed the bunch. Turning round again with a One, Two, Three, he jumped up, but with no greater success. Again and again he tried after the tempting morsel, but at last had to give it up, and walked away with his nose in the air, saying: “I am sure they are sour.”
“IT IS EASY TO DESPISE WHAT YOU CANNOT GET.”

...i.e., the success of Ronald Reagan.
 
Last edited:
Who gave us the Mortgage Meltdown?
George W Bush, as you well know.


And..you're a fool, as well.

Let's see if you're educable:
1. Democrat FDR shredded the Constitution....ignoring article I, section 8, the enumerated powers.

He created GSE's Fannie, and his drones followed with Freddie, to do something the Constitution didn't authorize: meddle in housing.


2. Democrat Carter....the CRA, constraining banking policy


3. Democrat Clinton....strengthened the CRA

Under Clinton, HUD threatened banks, again, to give unrequited loans.

Henchmen: Democrats Cisneros and Cuomo.


4. Democrats Frank and Dodd barred any governmental discipline in this area.

It was Democrats and Democrat policies that caused the Mortgage Meltdown

That's the CliffNotes version.

I don't believe you can handle the details.
 
Who gave us the Mortgage Meltdown?
George W Bush, as you well know.


And..you're a fool, as well.

Let's see if you're educable:
1. Democrat FDR shredded the Constitution....ignoring article I, section 8, the enumerated powers.

He created GSE's Fannie, and his drones followed with Freddie, to do something the Constitution didn't authorize: meddle in housing.


2. Democrat Carter....the CRA, constraining banking policy


3. Democrat Clinton....strengthened the CRA

Under Clinton, HUD threatened banks, again, to give unrequited loans.

Henchmen: Democrats Cisneros and Cuomo.


4. Democrats Frank and Dodd barred any governmental discipline in this area.

It was Democrats and Democrat policies that caused the Mortgage Meltdown

That's the CliffNotes version.

I don't believe you can handle the details.
Details of pure bullshit, you mean!

The CRA constrained the banking policy of "Red Lining."

Nothing Clinton did threatened banks to give unrequited loans.

Frank and Dodd were POWERLESS MINORITY members of a Congress controlled by the Republican majority.

It was Bush's Dec 2003 American Dream Downpayment Initiative (ADDI) that changed the rules to allow no downpayment loans for more than the house was worth to people with bad credit who could not keep up with the payments and who were at least 20% below the standard of living for the neighborhood they were buying into.

The ADDI was passed in Dec 2003 and everything in housing started to go bad in 2004. Even your MessiahRushie admits 2004 was the turning point for the Bush Housing Crash.

July 7,2010

BREAK TRANSCRIPT

RUSH: To illustrate my point even further: "Subprime mortgages accounted for 9 percent of all mortgage originations from 1996 through 2004." But that 9% became 21% from 2004 to 2006, 21% of all mortgages were subprime. Twenty-one percent of all mortgages were essentially money given away to people because they were loans made to people that everybody knew going in would never pay them back. And that 21% of the mortgage market being subprime equaled about $600,000 billion in 2006, which was at the time one-fifth of the US home loan market.
 
Who gave us the Mortgage Meltdown?
George W Bush, as you well know.


And..you're a fool, as well.

Let's see if you're educable:
1. Democrat FDR shredded the Constitution....ignoring article I, section 8, the enumerated powers.

He created GSE's Fannie, and his drones followed with Freddie, to do something the Constitution didn't authorize: meddle in housing.


2. Democrat Carter....the CRA, constraining banking policy


3. Democrat Clinton....strengthened the CRA

Under Clinton, HUD threatened banks, again, to give unrequited loans.

Henchmen: Democrats Cisneros and Cuomo.


4. Democrats Frank and Dodd barred any governmental discipline in this area.

It was Democrats and Democrat policies that caused the Mortgage Meltdown

That's the CliffNotes version.

I don't believe you can handle the details.
Details of pure bullshit, you mean!

The CRA constrained the banking policy of "Red Lining."

Nothing Clinton did threatened banks to give unrequited loans.

Frank and Dodd were POWERLESS MINORITY members of a Congress controlled by the Republican majority.

It was Bush's Dec 2003 American Dream Downpayment Initiative (ADDI) that changed the rules to allow no downpayment loans for more than the house was worth to people with bad credit who could not keep up with the payments and who were at least 20% below the standard of living for the neighborhood they were buying into.

The ADDI was passed in Dec 2003 and everything in housing started to go bad in 2004. Even your MessiahRushie admits 2004 was the turning point for the Bush Housing Crash.

July 7,2010

BREAK TRANSCRIPT

RUSH: To illustrate my point even further: "Subprime mortgages accounted for 9 percent of all mortgage originations from 1996 through 2004." But that 9% became 21% from 2004 to 2006, 21% of all mortgages were subprime. Twenty-one percent of all mortgages were essentially money given away to people because they were loans made to people that everybody knew going in would never pay them back. And that 21% of the mortgage market being subprime equaled about $600,000 billion in 2006, which was at the time one-fifth of the US home loan market.


Two nevers.....
1. I never use profanity
and
2. I'm never wrong.

Watch this and weep:

Would you like proof that this was due to Democrat Liberal housing policy?

Sure: if Democrats had not invaded the private housing market, created Fannie and Freddie......would there have been a mortgage meltdown?


Of course not.


Tissue?
 
Who gave us the Mortgage Meltdown?
George W Bush, as you well know.


And..you're a fool, as well.

Let's see if you're educable:
1. Democrat FDR shredded the Constitution....ignoring article I, section 8, the enumerated powers.

He created GSE's Fannie, and his drones followed with Freddie, to do something the Constitution didn't authorize: meddle in housing.


2. Democrat Carter....the CRA, constraining banking policy


3. Democrat Clinton....strengthened the CRA

Under Clinton, HUD threatened banks, again, to give unrequited loans.

Henchmen: Democrats Cisneros and Cuomo.


4. Democrats Frank and Dodd barred any governmental discipline in this area.

It was Democrats and Democrat policies that caused the Mortgage Meltdown

That's the CliffNotes version.

I don't believe you can handle the details.
Details of pure bullshit, you mean!

The CRA constrained the banking policy of "Red Lining."

Nothing Clinton did threatened banks to give unrequited loans.

Frank and Dodd were POWERLESS MINORITY members of a Congress controlled by the Republican majority.

It was Bush's Dec 2003 American Dream Downpayment Initiative (ADDI) that changed the rules to allow no downpayment loans for more than the house was worth to people with bad credit who could not keep up with the payments and who were at least 20% below the standard of living for the neighborhood they were buying into.

The ADDI was passed in Dec 2003 and everything in housing started to go bad in 2004. Even your MessiahRushie admits 2004 was the turning point for the Bush Housing Crash.

July 7,2010

BREAK TRANSCRIPT

RUSH: To illustrate my point even further: "Subprime mortgages accounted for 9 percent of all mortgage originations from 1996 through 2004." But that 9% became 21% from 2004 to 2006, 21% of all mortgages were subprime. Twenty-one percent of all mortgages were essentially money given away to people because they were loans made to people that everybody knew going in would never pay them back. And that 21% of the mortgage market being subprime equaled about $600,000 billion in 2006, which was at the time one-fifth of the US home loan market.


Two nevers.....
1. I never use profanity
and
2. I'm never wrong.

Watch this and weep:

Would you like proof that this was due to Democrat Liberal housing policy?

Sure: if Democrats had not invaded the private housing market, created Fannie and Freddie......would there have been a mortgage meltdown?


Of course not.


Tissue?
Pontification of an OPINION is NOT proof of anything other than your ignorance!!!!
 
Who gave us the Mortgage Meltdown?
George W Bush, as you well know.


And..you're a fool, as well.

Let's see if you're educable:
1. Democrat FDR shredded the Constitution....ignoring article I, section 8, the enumerated powers.

He created GSE's Fannie, and his drones followed with Freddie, to do something the Constitution didn't authorize: meddle in housing.


2. Democrat Carter....the CRA, constraining banking policy


3. Democrat Clinton....strengthened the CRA

Under Clinton, HUD threatened banks, again, to give unrequited loans.

Henchmen: Democrats Cisneros and Cuomo.


4. Democrats Frank and Dodd barred any governmental discipline in this area.

It was Democrats and Democrat policies that caused the Mortgage Meltdown

That's the CliffNotes version.

I don't believe you can handle the details.
Details of pure bullshit, you mean!

The CRA constrained the banking policy of "Red Lining."

Nothing Clinton did threatened banks to give unrequited loans.

Frank and Dodd were POWERLESS MINORITY members of a Congress controlled by the Republican majority.

It was Bush's Dec 2003 American Dream Downpayment Initiative (ADDI) that changed the rules to allow no downpayment loans for more than the house was worth to people with bad credit who could not keep up with the payments and who were at least 20% below the standard of living for the neighborhood they were buying into.

The ADDI was passed in Dec 2003 and everything in housing started to go bad in 2004. Even your MessiahRushie admits 2004 was the turning point for the Bush Housing Crash.

July 7,2010

BREAK TRANSCRIPT

RUSH: To illustrate my point even further: "Subprime mortgages accounted for 9 percent of all mortgage originations from 1996 through 2004." But that 9% became 21% from 2004 to 2006, 21% of all mortgages were subprime. Twenty-one percent of all mortgages were essentially money given away to people because they were loans made to people that everybody knew going in would never pay them back. And that 21% of the mortgage market being subprime equaled about $600,000 billion in 2006, which was at the time one-fifth of the US home loan market.


Two nevers.....
1. I never use profanity
and
2. I'm never wrong.

Watch this and weep:

Would you like proof that this was due to Democrat Liberal housing policy?

Sure: if Democrats had not invaded the private housing market, created Fannie and Freddie......would there have been a mortgage meltdown?


Of course not.


Tissue?
Pontification of an OPINION is NOT proof of anything other than your ignorance!!!!
She's from the far right, and never claims to have or be intelligent....
 
George W Bush, as you well know.


And..you're a fool, as well.

Let's see if you're educable:
1. Democrat FDR shredded the Constitution....ignoring article I, section 8, the enumerated powers.

He created GSE's Fannie, and his drones followed with Freddie, to do something the Constitution didn't authorize: meddle in housing.


2. Democrat Carter....the CRA, constraining banking policy


3. Democrat Clinton....strengthened the CRA

Under Clinton, HUD threatened banks, again, to give unrequited loans.

Henchmen: Democrats Cisneros and Cuomo.


4. Democrats Frank and Dodd barred any governmental discipline in this area.

It was Democrats and Democrat policies that caused the Mortgage Meltdown

That's the CliffNotes version.

I don't believe you can handle the details.
Details of pure bullshit, you mean!

The CRA constrained the banking policy of "Red Lining."

Nothing Clinton did threatened banks to give unrequited loans.

Frank and Dodd were POWERLESS MINORITY members of a Congress controlled by the Republican majority.

It was Bush's Dec 2003 American Dream Downpayment Initiative (ADDI) that changed the rules to allow no downpayment loans for more than the house was worth to people with bad credit who could not keep up with the payments and who were at least 20% below the standard of living for the neighborhood they were buying into.

The ADDI was passed in Dec 2003 and everything in housing started to go bad in 2004. Even your MessiahRushie admits 2004 was the turning point for the Bush Housing Crash.

July 7,2010

BREAK TRANSCRIPT

RUSH: To illustrate my point even further: "Subprime mortgages accounted for 9 percent of all mortgage originations from 1996 through 2004." But that 9% became 21% from 2004 to 2006, 21% of all mortgages were subprime. Twenty-one percent of all mortgages were essentially money given away to people because they were loans made to people that everybody knew going in would never pay them back. And that 21% of the mortgage market being subprime equaled about $600,000 billion in 2006, which was at the time one-fifth of the US home loan market.


Two nevers.....
1. I never use profanity
and
2. I'm never wrong.

Watch this and weep:

Would you like proof that this was due to Democrat Liberal housing policy?

Sure: if Democrats had not invaded the private housing market, created Fannie and Freddie......would there have been a mortgage meltdown?


Of course not.


Tissue?
Pontification of an OPINION is NOT proof of anything other than your ignorance!!!!
She's from the far right, and never claims to have or be intelligent....


I don't believe I have ever seen a correct or knowledgeable post from you.

Never.

Quite a record.

This post is a perfect example:

"She's from the far right..blah blah blah...."


No sense taking notes, as you are beyond learning....but....

1. There is no "far right" in this country.

2. As there is no "far right" in this country... how to explain the constant reference to this meme by Leftists and assorted morons?

One fact of life is that hearing a phrase often enough, one tends to accept it without spending the effort of examining same. The term "Far Right," used in a cavalier yet effective manner by the Left, is one of those terms.

Yet...upon examination....it proves to be imaginary, very much like the benefits of communism....or ObamaCare....or any cachet you might believe you have.




3. It is a well know axiom that, to see what the Left is doing, note what they are blaming the other side of doing.
As you have attempted, one regularly sees the Leftists, Liberals, Progressives, Democrats, whatever....railing against the "Far Right," using "Far Right" as a pejorative, an imprecation.


But I'll prove that "Far Right" doesn't exist.





4. No "Far Right" in this country.
As is always important when dealing with Leftists, Liberals.....let's define terms.
The terms far right and far left are relative to some understood center.

To be "far," one's positions must be radical relative to that center.
American traditions, values, and history represent that center.


The premise
here is that, if I can show that the values called 'Far Right' are actually at the center of American traditions, values, and history represent that center, well then, they cannot be correctly awarded the modifier "Far."


"Radical" is important to the discussion. It means
"especially of change or action relating to or affecting the fundamental nature of something; far-reaching or thorough" (see Google.)


Any objection so far?



5. To be 'far,' it must be at a distance to the center: American traditions, values, and history represent that center.

There are so very many ways to prove same.....



6. Let's take as an example, traditional marriage, that involves one man and one woman, and compare that with homosexual marriage..
....which is the radical position?
Hence, Far Left.

Need convincing? Well, a common social reference is 'the nuclear family.' It has always menant:
" a family group that consists only of father, mother, and children" Definition of NUCLEAR FAMILY

How about 'traditional family'?
"A traditional family is a family structure that consists of a man, woman and one or more of their biological or adopted children. In most traditional families, the man and woman are husband and wife." Traditional Family: Definition & Concept | Study.com




7. So....as far as the concept of marriage and family, where do we find the radical position?
The Left.
Hence, 'Far Left.'
So far, far from the center, that they cannot point to a single philosopher, sage, or religious leader throughout history who has endorsed homosexual marriage.

If you have used the fallacy "Far Right," or never considered its usage, see if you can come up with any radical positions by conservatives, the right wing.




Oh....and as for the second half of your post?
"She's from the far right, and never claims to have or be intelligent...."

I'd say that my post here pretty much obviates (better look that up) your claim.

True?
 
And..you're a fool, as well.

Let's see if you're educable:
1. Democrat FDR shredded the Constitution....ignoring article I, section 8, the enumerated powers.

He created GSE's Fannie, and his drones followed with Freddie, to do something the Constitution didn't authorize: meddle in housing.


2. Democrat Carter....the CRA, constraining banking policy


3. Democrat Clinton....strengthened the CRA

Under Clinton, HUD threatened banks, again, to give unrequited loans.

Henchmen: Democrats Cisneros and Cuomo.


4. Democrats Frank and Dodd barred any governmental discipline in this area.

It was Democrats and Democrat policies that caused the Mortgage Meltdown

That's the CliffNotes version.

I don't believe you can handle the details.
Details of pure bullshit, you mean!

The CRA constrained the banking policy of "Red Lining."

Nothing Clinton did threatened banks to give unrequited loans.

Frank and Dodd were POWERLESS MINORITY members of a Congress controlled by the Republican majority.

It was Bush's Dec 2003 American Dream Downpayment Initiative (ADDI) that changed the rules to allow no downpayment loans for more than the house was worth to people with bad credit who could not keep up with the payments and who were at least 20% below the standard of living for the neighborhood they were buying into.

The ADDI was passed in Dec 2003 and everything in housing started to go bad in 2004. Even your MessiahRushie admits 2004 was the turning point for the Bush Housing Crash.

July 7,2010

BREAK TRANSCRIPT

RUSH: To illustrate my point even further: "Subprime mortgages accounted for 9 percent of all mortgage originations from 1996 through 2004." But that 9% became 21% from 2004 to 2006, 21% of all mortgages were subprime. Twenty-one percent of all mortgages were essentially money given away to people because they were loans made to people that everybody knew going in would never pay them back. And that 21% of the mortgage market being subprime equaled about $600,000 billion in 2006, which was at the time one-fifth of the US home loan market.


Two nevers.....
1. I never use profanity
and
2. I'm never wrong.

Watch this and weep:

Would you like proof that this was due to Democrat Liberal housing policy?

Sure: if Democrats had not invaded the private housing market, created Fannie and Freddie......would there have been a mortgage meltdown?


Of course not.


Tissue?
Pontification of an OPINION is NOT proof of anything other than your ignorance!!!!
She's from the far right, and never claims to have or be intelligent....


I don't believe I have ever seen a correct or knowledgeable post from you.

Never.

Quite a record.
That only speaks to your record of blindness.
 
Details of pure bullshit, you mean!

The CRA constrained the banking policy of "Red Lining."

Nothing Clinton did threatened banks to give unrequited loans.

Frank and Dodd were POWERLESS MINORITY members of a Congress controlled by the Republican majority.

It was Bush's Dec 2003 American Dream Downpayment Initiative (ADDI) that changed the rules to allow no downpayment loans for more than the house was worth to people with bad credit who could not keep up with the payments and who were at least 20% below the standard of living for the neighborhood they were buying into.

The ADDI was passed in Dec 2003 and everything in housing started to go bad in 2004. Even your MessiahRushie admits 2004 was the turning point for the Bush Housing Crash.

July 7,2010

BREAK TRANSCRIPT

RUSH: To illustrate my point even further: "Subprime mortgages accounted for 9 percent of all mortgage originations from 1996 through 2004." But that 9% became 21% from 2004 to 2006, 21% of all mortgages were subprime. Twenty-one percent of all mortgages were essentially money given away to people because they were loans made to people that everybody knew going in would never pay them back. And that 21% of the mortgage market being subprime equaled about $600,000 billion in 2006, which was at the time one-fifth of the US home loan market.


Two nevers.....
1. I never use profanity
and
2. I'm never wrong.

Watch this and weep:

Would you like proof that this was due to Democrat Liberal housing policy?

Sure: if Democrats had not invaded the private housing market, created Fannie and Freddie......would there have been a mortgage meltdown?


Of course not.


Tissue?
Pontification of an OPINION is NOT proof of anything other than your ignorance!!!!
She's from the far right, and never claims to have or be intelligent....


I don't believe I have ever seen a correct or knowledgeable post from you.

Never.

Quite a record.
That only speaks to your record of blindness.


Why did you you leave off the rest of that astute post?

Too dispositive?



In their thirst for power, the Left has turned this once great nation over to morons.
Raise your paw.
 

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