also,,,,we were losing up to 700,000 jobs a month when Obama was President, and yet, he gets a Nobel Peace Prize,,,christ, Obama could of used a portable toilet at some construction site, and he still gets a Nobel
Seems unlike you, the Nobel Committee was able to recognize those job losses were the result of Bush's Great Recession and not Obama.
The Nobel Committee LIKE you are totally ignorant of the role Obama played in the housing bubble issue!
For example Barney Franks ADMITS he was wrong!
Barney Frank Comes Home to the Facts By Larry Kudlow August 21, 2010
For years, Frank was a staunch supporter of Fannie Mae and Freddie Mac, the giant government housing agencies that played such an enormous role in the financial meltdown that thrust the economy into the Great Recession. But in a recent CNBC interview, Frank told me that he was ready to say goodbye to Fannie and Freddie.
"I hope by next year we'll have abolished Fannie and Freddie," he said. Remarkable. And he went on to say that "
it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it." He then added, "I had been too sanguine about Fannie and Freddie."
Barney Frank admits truth about Fannie
FACT: Obama represented ACORN during the following lawsuit that did as Barney said...
it was a great mistake to push lower-income people into housing they couldn't afford"
So now that I've proven from the mouth of the major protector of FANNIE/FREDDIE that the cause of the housing bubble was what Franks said...
you obviously are very very ignorant of the history of Obama's role in the 1995 ACORN/Citibank decision that started this it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it"!
in the Buycks-Roberson v. Citibank Fed. Sav. Bank, 1994 suit against redlining. Most significant of all, ACORN was the driving force behind a 1995 regulatory revision pushed through by the Clinton Administration that greatly expanded the CRA (Community Reinvestment Act) and laid the groundwork for the Fannie Mae, Freddie Mac borne financial crisis we now confront. Barack Obama was the attorney representing ACORN in this effort.
With this new authority, ACORN used its subsidiary, ACORN Housing, to promote subprime loans more aggressively.
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In 1999, under pressure from the Clinton administration, Fannie Mae, the nation's largest home mortgage underwriter, relaxed credit requirements on the loans it would purchase from other banks and lenders, hoping that easing these restrictions would result in increased loan availability for minority and low-income buyers.
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Rham Emmanuel, NOW OBAMA CHIEF OF STAFF and Jamie Gorelick were employees and directors of Fannie and freddie took between the two took out over $20 million. Gorelick was appointed Vice Chairman of Federal National Mortgage Association (Fannie Mae) from 1997 to 2003. She served alongside former Clinton Administration official Franklin Raines During that period, Fannie Mae developed a $10 billion accounting scandal.
Gorelick took home $26.46 million in the period from 1998 to 2002 (she left in that year, so she wasn’t there for the entire period under investigation).
Of that figure, nearly $15 million came from EPS bonuses.
Fannie Mae and Freddie Mac Invest in Democrats - OpenSecrets News