Some simple questions for Trump supporters

[AzogtheDefiler]

Data says that wages have kept up with cumulative inflation. Healthcare costs are definitely a part of inflation that you mentioned. Tax brackets and deductions are indexed for inflation.

Any more non-factual excuses?

You see stupid.

Since the beginning fee of the post-pandemic inflation surge in Jan. 1, 2021, prices have risen 20.0 percent, compared with a 17.4 percent increase in wages over the same period, Bankrate’s second-annual Wage To Inflation Index found.

Study: Wages Are Still Losing In The Post-Pandemic Inflation Race | Bankrate

Since Jan. 1, 2021, prices have risen 20.0 percent, compared with a 17.4 percent increase in wages, Bankrate’s Wage To Inflation Index found.

www.bankrate.com

 

[AzogtheDefiler]

Data says that wages have kept up with cumulative inflation. Healthcare costs are definitely a part of inflation that you mentioned. Tax brackets and deductions are indexed for inflation.

Any more non-factual excuses?

Are Real Wages Catching Up?

Policy Hub: Macroblog post looks at recent survey data to view trends in wage growth pressure and what they imply for the coming year.

www.atlantafed.org

Data says that wages have kept up with cumulative inflation. Healthcare costs are definitely a part of inflation that you mentioned. Tax brackets and deductions are indexed for inflation.

Any more non-factual excuses?

Have wages exceeded inflation under Joe Biden?

Americans have consistently expressed concern about increased living costs, especially after inflation peaked at a four-

www.politifact.com

 

[Marener]

No it doesn’t. You’re an idiot. 16% versus 20%. No they aren’t. Again you’re wrong.

Where’s your data?

Here’s mine.

Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over

Graph and download economic data for Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over (LES1252881600Q) from Q1 1979 to Q4 2024 about full-time, salaries, workers, earnings, 16 years +, wages, median, real, employment, and USA.

fred.stlouisfed.org

 

[AzogtheDefiler]

Where’s your data?

Here’s mine.

Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over

Graph and download economic data for Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over (LES1252881600Q) from Q1 1979 to Q4 2024 about full-time, salaries, workers, earnings, 16 years +, wages, median, real, employment, and USA.

fred.stlouisfed.org

Already posted

 

[AzogtheDefiler]

You see stupid.

Since the beginning fee of the post-pandemic inflation surge in Jan. 1, 2021, prices have risen 20.0 percent, compared with a 17.4 percent increase in wages over the same period, Bankrate’s second-annual Wage To Inflation Index found.

Study: Wages Are Still Losing In The Post-Pandemic Inflation Race | Bankrate

Since Jan. 1, 2021, prices have risen 20.0 percent, compared with a 17.4 percent increase in wages, Bankrate’s Wage To Inflation Index found.

www.bankrate.com

Marener this is data you idiot leftist

 

[Robert W]

The standards from the higher up’s fell dramatically during the subprime crisis. This is hardly up for debate.

Lehman Brothers was the most prominent for delivering poor loans. But keep this in mind, those borrowers were rated as bums. And as bums they were detected. And the reason investors loaned to bums is the bums owned homes and the lenders figured worst case was the market was growing more and more and they thought they could not lose. But the bums created their own messes.

 

[elektra]

But you said most gas purchases were over $4. Did you mean most of YOUR gas purchases were over $4?

Most people pay more. More gas is sold in California than anywhere else.

 

[Marener]

Are Real Wages Catching Up?

Policy Hub: Macroblog post looks at recent survey data to view trends in wage growth pressure and what they imply for the coming year.

www.atlantafed.org

Have wages exceeded inflation under Joe Biden?

Americans have consistently expressed concern about increased living costs, especially after inflation peaked at a four-

www.politifact.com

I think the only fair comparison is to go from pre-pandemic wages. The pandemic distorted the data is so many ways it’s hardly logical to use that data as a rational comparison.

Besides, you could hardly complain about comparing to pre-pandemic wages since according to you everything was amazing before the pandemic.

Your own article says that wages are higher now than before the pandemic.

 

[Marener]

Lehman Brothers was the most prominent for delivering poor loans. But keep this in mind, those borrowers were rated as bums. And as bums they were detected. And the reason investors loaned to bums is the bums owned homes and the lenders figured worst case was the market was growing more and more and they thought they could not lose. But the bums created their own messes.

Thanks. Notably none of this has anything to do with government.

 

[Mortis]

3. Was the economy better in 2009 when Obama took office or in 2017 when Obama left office?

4. Was the economy better in 2017 when Trump took office or in 2021 when Trump left office?

The Financial Crisis took toll in 2008, right? When Lehaman Brothers went under. As well, as AIG and others....that had a huge effect on the economy.

The economy was much better in 2017 until 2020. Then it went south after Biden took office.

 

[whitehall]

The subprime crisis originated in private lenders, had little to do with Fannie Mae.

private lenders were scammed into buying bad loans that were combined with good loans and Fannie Mae took the blame.

 

[Marener]

private lenders were scammed into buying bad loans that were combined with good loans and Fannie Mae took the blame.

No, private lenders were more than happy to make bad loans and sell them to investors who didn’t care how bad the loans were. Private lenders made a killing on the fees and bore almost none of the risk. They didn’t need to be scammed. They were the scam.

 

[Robert W]

Link?

The standards from the higher up’s fell dramatically during the subprime crisis. This is hardly up for debate.

Ted Rado (Your Views, Sept. 26) said the Bush administration bragged about the increase in homeownership. I don't remember President Bush bragging about it, but I do know he was worried about what could happen (and finally did happen) to the housing market. In 2001, Bush asked Congress several times to investigate the lending practices of Fannie Mae and Freddie Mac. The problem started when the Clinton administration forced Fannie and Freddie to expand mortgage loans (by lowering the standards) to U.S. residents who don't qualify for traditional home loans.

This was reported by The New York Times in 1999. What caused the market to collapse was raising the interest rates by the Federal Reserve in 2006 and 2007, to ward off a perceived risk of inflation. Those in the know finally realized that Fannie and Freddie were holding only 2.5 percent of capital to back their investments and they had guaranteed nearly half of the $12 trillion market. Regular banks are required to hold back 10 percent.

Bush warned of impending housing crisis

Ted Rado (Your Views, Sept. 26) said the Bush administration bragged about the increase in homeownership. I don't remember President Bush bragging about it, but I do know he was worried about what co…

www.oklahoman.com

 

[Marener]

Ted Rado (Your Views, Sept. 26) said the Bush administration bragged about the increase in homeownership. I don't remember President Bush bragging about it, but I do know he was worried about what could happen (and finally did happen) to the housing market. In 2001, Bush asked Congress several times to investigate the lending practices of Fannie Mae and Freddie Mac. The problem started when the Clinton administration forced Fannie and Freddie to expand mortgage loans (by lowering the standards) to U.S. residents who don't qualify for traditional home loans.

This was reported by The New York Times in 1999. What caused the market to collapse was raising the interest rates by the Federal Reserve in 2006 and 2007, to ward off a perceived risk of inflation. Those in the know finally realized that Fannie and Freddie were holding only 2.5 percent of capital to back their investments and they had guaranteed nearly half of the $12 trillion market. Regular banks are required to hold back 10 percent.

Bush warned of impending housing crisis

Ted Rado (Your Views, Sept. 26) said the Bush administration bragged about the increase in homeownership. I don't remember President Bush bragging about it, but I do know he was worried about what co…

www.oklahoman.com

Investigating and regulating Fannie Mae and Freddie Mac would have done nothing to prevent the Lehman’s of the world from buying poor quality loans, which is where the vast majority of the problem was.

 

[Zafira Cherry]

of course they are being duped again.

Now we have low unemployment, declining interest rates, under control inflation, wage growth and economic growth.

Trump is going to take credit for all of that despite having nothing to do with it.

you are 100% correct, and Trump will screw it up. You mentioned those pesky tariffs.. Trump wants 60% on China and 20% or higher on everyone else. And his buddy Elon has some ideas that will sent the USA into a tailspin/massive depression.

These Trump voters don't realize the wealthy are going to get wealthier, and Trump voters are going to take it in the ass.

 

[Robert W]

No, private lenders were more than happy to make bad loans and sell them to investors who didn’t care how bad the loans were. Private lenders made a killing on the fees and bore almost none of the risk. They didn’t need to be scammed. They were the scam.

Link your nonsense.
How about asking a genuine loan broker? Me in other words. I know a lot more about this than dozens here know.
I was one of the private, so called lenders. I was licensed by the State of California and had 2 offices doing loans for customers.

First the industry, bottom to top.
Brokers met the customer and did all the paper work. Called appraisers to appraise the homes.
Wholesalers. These firms were not met by the home borrower. The borrower did not care who delivered the money since their contact was the Broker. The Wholesaler got their funds from higher ups. If they were very large, they got funds from groups such as pension funds. Unions if large also put up funds.
Investors used their own in house examiners to pick what loans to invest in.
Subprimes. Those did not go to the home owners with good credit. Clinton had changed the rules so lenders granted money to poor risks. Bush wanted that stopped. The losses happened from the bottom up. If the home owners went belly up, sure the investor like the unions and pension funds got hurt.

Bush warned of impending housing crisis

Ted Rado (Your Views, Sept. 26) said the Bush administration bragged about the increase in homeownership. I don't remember President Bush bragging about it, but I do know he was worried about what co…

www.oklahoman.com

Ted Rado (Your Views, Sept. 26) said the Bush administration bragged about the increase in homeownership. I don't remember President Bush bragging about it, but I do know he was worried about what could happen (and finally did happen) to the housing market. In 2001, Bush asked Congress several times to investigate the lending practices of Fannie Mae and Freddie Mac. The problem started when the Clinton administration forced Fannie and Freddie to expand mortgage loans (by lowering the standards) to U.S. residents who don't qualify for traditional home loans.

This was reported by The New York Times in 1999. What caused the market to collapse was raising the interest rates by the Federal Reserve in 2006 and 2007, to ward off a perceived risk of inflation. Those in the know finally realized that Fannie and Freddie were holding only 2.5 percent of capital to back their investments and they had guaranteed nearly half of the $12 trillion market. Regular banks are required to hold back 10 percent.

They were making these subprime loans (loans to high risk borrowers) to people who couldn't make regular house payments, much less the new house payments required by the Federal Reserve. President Bush was stuck with the problems his predecessor created.

Howard W. Hall, Shawnee

 

[Robert W]

Investigating and regulating Fannie Mae and Freddie Mac would have done nothing to prevent the Lehman’s of the world from buying poor quality loans, which is where the vast majority of the problem was.

Why then did Fannie Mae and Freddie Mac end up bankrupt?

 

[Robert W]

Investigating and regulating Fannie Mae and Freddie Mac would have done nothing to prevent the Lehman’s of the world from buying poor quality loans, which is where the vast majority of the problem was.

Look, you earned nothing at all on those loans. My firms did.

 

[Robert W]

Thanks. Notably none of this has anything to do with government.

Clinton caused the investors to the poor to make those loans. And had he not done it, the market never would have granted those loans.

 

[Robert W]

Thanks. Notably none of this has anything to do with government.

Thanks for the acceptance of my post.