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No, you won't save anything
Sure we will.
"It found that a single Walmart Supercenter cost taxpayers between $904,542 and $1.75 million per year, or between $3,015 and $5,815 on average for each of 300 worker."
If Walmart fired 100 of their poor workers, would the taxpayers save $301,500 or $581,500?
The government took over the GSEs and gave them $100s of billions because they only bought good mortgages?
Have you always been a fucktard? Is it the result of a recent brain injury? I'm truly curious.
Did they need power to stop W's home ownership idiocy?
Is that what they would have done if they controlled the House and Senate, stopped his home ownership push for poor people?
i would prefer to assume, but know i should check for those, "twice a day" moments.Did they need power to stop W's home ownership idiocy?
Is that what they would have done if they controlled the House and Senate, stopped his home ownership push for poor people?
So rather than talk in hypothetical "what ifs", which I know you prefer to speak in terms of, let's talk in reality. The reality is that in 2004, Conservatives controlled all three branches of government. 2004 was also the year the Bush Mortgage Bubble started, with subprimes shooting up from 8.3% of all mortgages in 2003 to 20.9% of all mortgages by 2004 to 22.7% of all mortgages by 2005. Over the same period, GSE market share went from 70% in 2003 down to 48% in 2004 down to 40% by 2005.
And Conservatives cheered it on the entire time with Larry Kudlow even calling those in 2005 warning about the housing bubble, "bubbleheads".
Conservatives were wrong then, so why would they be right today?
Nah Cupcake, just tired how right wingers like you ALWAYS try to simplify things by taking it out of context
I guess it's just the way your bumper sticker brains work
Yes, when the government forced them to buy crappy mortgages, they only bought the best crappy mortgages.!
The mortgages the GSE's bought had delinquency rates no worse (and in some cases better) than prior to the bubble.
I agree, stop giving WalMart employees welfare.
We'll save billions!!
But then you'll have millions of workers in poverty.
No, you won't save anything
Sure we will.
"It found that a single Walmart Supercenter cost taxpayers between $904,542 and $1.75 million per year, or between $3,015 and $5,815 on average for each of 300 worker."
If Walmart fired 100 of their poor workers, would the taxpayers save $301,500 or $581,500?
Taxpayers would save nothing if Walmart had to hire workers to make up for the workers it fired. Unless you're raising wages, you're not changing anything.
The government took over the GSEs and gave them $100s of billions because they only bought good mortgages?
Have you always been a fucktard? Is it the result of a recent brain injury? I'm truly curious.
Hey you stupid fucking moron...do you just not understand numbers? The delinquency rates for the mortgages GSE's bought were unchanged (and in some cases, even better) than the rates prior to the mortgage bubble. You ignore GSE loan performance because it completely undermines your stupid argument. And your argument is stupid. It's not informed by anything, clearly.
I know, they only needed a couple of hundred billion dollars to cover their awesome subprimes.
Taxpayers would save nothing if Walmart had to hire workers to make up for the workers it fired.
We'd save a bunch. Just hire replacements not on welfare.
The delinquency rates for the mortgages GSE's bought were unchanged
Hey, fucktard, are you not familiar with all the money the government had to send to the GSEs because of mortgage defaults?
I don't care if they had the best delinquency rates in the history of forever.
You ignore GSE loan performance because it completely undermines your stupid argument.
My argument is the GSEs were forced to buy at least 50% of their mortgages from the subprime end of the pool.
Such a huge buyer plays a large part in inflating a bubble.
I know, they only needed a couple of hundred billion dollars to cover their awesome subprimes.
So this is how you reconcile the fact that the GSE subprimes had delinquency rates no worse (and in some cases even better) than those rates prior to the bubble? That inconvenient fact pretty much destroys your entire premise; that the GSE loans were responsible for the bubble. They weren't, clearly, as they defaulted at rates the same as, or better than, those issued pre-bubble.
The problems were in the subprimes issued by private labels and backed by private labels.
So why are you ignoring that very vital information? Because you have a narrative you have to preserve in order to avoid accountability for your flawed argument and premise, all in service of your fucking ego.
Get over yourself.
Taxpayers would save nothing if Walmart had to hire workers to make up for the workers it fired.
We'd save a bunch. Just hire replacements not on welfare.
Income is how someone qualifies for welfare. Do you even know that? Doesn't seem like it.
The delinquency rates for the mortgages GSE's bought were unchanged
Hey, fucktard, are you not familiar with all the money the government had to send to the GSEs because of mortgage defaults?
I don't care if they had the best delinquency rates in the history of forever.
So it doesn't sound like you even understand what a delinquent mortgage is.
You ignore GSE loan performance because it completely undermines your stupid argument.
My argument is the GSEs were forced to buy at least 50% of their mortgages from the subprime end of the pool.
And those mortgages had the same default rates as the ones prior to the bubble, and in some cases were even better. And they were forced to buy those by Bush who was desperate to inflate a mortgage bubble to cover for the failure of his tax cuts to deliver on any of the promises made of them. Your entire argument falls apart because the mortgages the GSE's were "forced to buy" defaulted at the same rates as the mortgages they bought prior to the bubble. You have been unable to reconcile those figures. In fact, you wholly ignore them specifically because they undermine your argument. So you exercise sophistry and pretend you don't even see them. Pathetic and SAD! At this point, why are you even responding to this thread? It's clear you are outclassed.
Such a huge buyer plays a large part in inflating a bubble.
But those mortgages were not the ones that caused the market to collapse because they weren't delinquent. That's the part you are leaving out because including it would contradict your entire premise. You are a sophist, and not a very good one at that. You can't even do sophistry correctly. That's how much of a failure you are as a person.
The government took over the GSEs and gave them $100s of billions because they only bought good mortgages?
Have you always been a fucktard? Is it the result of a recent brain injury? I'm truly curious.
Hey you stupid fucking moron...do you just not understand numbers? The delinquency rates for the mortgages GSE's bought were unchanged (and in some cases, even better) than the rates prior to the mortgage bubble. You ignore GSE loan performance because it completely undermines your stupid argument. And your argument is stupid. It's not informed by anything, clearly.
The delinquency rates for the mortgages GSE's bought were unchanged
Hey, fucktard, are you not familiar with all the money the government had to send to the GSEs because of mortgage defaults?
I don't care if they had the best delinquency rates in the history of forever.
HUNDREDS OF BILLIONS OF DOLLARS!!!
You ignore GSE loan performance because it completely undermines your stupid argument.
My argument is the GSEs were forced to buy at least 50% of their mortgages from the subprime end of the pool.
Such a huge buyer plays a large part in inflating a bubble. To meet the demand for these crappy mortgages, not only from GSEs, but also from private label MBS securitizers, firms like Countrywide were even giving mortgages to clowns like you.
Scary, I know.
[But by firing their welfare recipient employees, we'll stop subsidizing WalMart's profit.
And save billions in welfare.