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Thread: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

  1. #161
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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Conservative View Post
    Interesting how the facts and actual numbers don't support your position. Democrats took control in January 2007 and the collapse began in December 2007 but don't let those facts get in the way of your partisanship. Oh, sorry, forgot I don't respond to people who cannot defend themself so they have to go to someone else to get infractions issued

    Obama record, 15.1 million officially unemployed TODAY 2 1/2 years later, 16.2% total unemployment or over 20 million TODAY, 4 trillion added to the debt as of the end of fiscal year 2011, and a rising misery index.
    The housing bubble peaked in late 2005 - early 2006. Being that along with asset bubbles in commercial real estate, and unregulated derivatives markets were the catalyst for the financial crisis and thus the great recession, the seeds for the crisis were indeed planted when the government was under complete Republican control.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by SouthernDemocrat View Post
    The housing bubble peaked in late 2005 - early 2006. Being that along with asset bubbles in commercial real estate, and unregulated derivatives markets were the catalyst for the financial crisis and thus the great recession, the seeds for the crisis were indeed planted when the government was under complete Republican control.
    Kind of like the dot.com bubble burst in the late 90's? You think that Republicans had anything to do with the housing bubble bursting? What legislation did the GOP Congress implement that caused that? Noticed you ignored the numbers and failed to admit that you stand corrected......again.

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by SouthernDemocrat View Post
    The housing bubble peaked in late 2005 - early 2006. Being that along with asset bubbles in commercial real estate, and unregulated derivatives markets were the catalyst for the financial crisis and thus the great recession, the seeds for the crisis were indeed planted when the government was under complete Republican control.
    Is this another one of those, "It's the Republicans's fault, because they didn't to stop what the Democrats were doing", posts?

    The Democrats, along with their pards in the media screamed, "economic disaster", long enough and loud enough, till it actually happened, because they destroyed all confidence in the private sector.

    Now, they don't have the first damn clue how to get things going again. Or, maybe they never intended for things to get going again.

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by SouthernDemocrat View Post
    The housing bubble peaked in late 2005 - early 2006. Being that along with asset bubbles in commercial real estate, and unregulated derivatives markets were the catalyst for the financial crisis and thus the great recession, the seeds for the crisis were indeed planted when the government was under complete Republican control.
    That is false.

    The seeds were planted back in the Carter years and aggravated by further laws which Barrack Obama, among other persons and groups (such as ACORN) helped effect. The Democrats were defending Freddy and Fanny against Republican questions and the needs for reform right up to the eventual collapse.

    I don't know whether you are misinformed here or attempting to alter the facts and history, but you should check your sources for that information if you want to remain honest.

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by apdst View Post
    Ok, explain to us exactly what the Republicans did to cause the economic collapse. Thanks in advance.
    For two things - the two Bush tax cuts which took many people off the tax rolls and rolled back taxes which helped decrease the amount of money the Treasury would have taken in thus increasing the annual deficit and the national debt.

    For another fighting a war and trying to do it off the books without paying for it at the time thereby increasing the debt and deficit.
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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Conservative View Post
    Kind of like the dot.com bubble burst in the late 90's? You think that Republicans had anything to do with the housing bubble bursting? What legislation did the GOP Congress implement that caused that?
    Gramm-Leach-Bliley Act - Allowed Commercial Banks, Investment Banks and Insurers to merge. (Republican Congress, signed into law by Clinton)

    Commodity Futures Modernisation Act - Deregulated Derivatives Trading. (Republicans all the way)

    Predatory Lending Act - Pre-empted stronger state laws against predatory lending. (Republicans all the way)

    The fact is, conservative ideology of a self regulating market, and Republicans created this crisis. The blame for Obama in it is not in its creation, it is in his failure to lead the nation to a solid recovery.

    Noticed you ignored the numbers and failed to admit that you stand corrected......again.
    We were getting way off topic, so I did not respond. If I don't respond to your response to this, its because I am getting a long run in before it gets too hot out.
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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Grant View Post
    That is false.

    The seeds were planted back in the Carter years and aggravated by further laws which Barrack Obama, among other persons and groups (such as ACORN) helped effect. The Democrats were defending Freddy and Fanny against Republican questions and the needs for reform right up to the eventual collapse.

    I don't know whether you are misinformed here or attempting to alter the facts and history, but you should check your sources for that information if you want to remain honest.
    Not the CRA again

    The largest subprime mortgage lenders were not subject to the CRA, Countrywide was not subject to the CRA and originated 20% of the mortgages in the US in 2006. New Century was the second biggest subprime lender and was not subject to the CRA.
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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Grant View Post
    That is false.

    The seeds were planted back in the Carter years and aggravated by further laws which Barrack Obama, among other persons and groups (such as ACORN) helped effect. The Democrats were defending Freddy and Fanny against Republican questions and the needs for reform right up to the eventual collapse.

    I don't know whether you are misinformed here or attempting to alter the facts and history, but you should check your sources for that information if you want to remain honest.
    That is absurd being that the majority of foreclosures have been in the upper middle class from them buying more home than they could afford, and your ideological mythology does not in anyway explain the huge bubble in commercial real estate.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by SouthernDemocrat View Post
    Gramm-Leach-Bliley Act - Allowed Commercial Banks, Investment Banks and Insurers to merge. (Republican Congress, signed into law by Clinton)

    Commodity Futures Modernisation Act - Deregulated Derivatives Trading. (Republicans all the way)

    Predatory Lending Act - Pre-empted stronger state laws against predatory lending. (Republicans all the way)

    The fact is, conservative ideology of a self regulating market, and Republicans created this crisis. The blame for Obama in it is not in its creation, it is in his failure to lead the nation to a solid recovery.



    We were getting way off topic, so I did not respond. If I don't respond to your response to this, its because I am getting a long run in before it gets too hot out.
    The Federal Govt. has no authority over state laws and cannot pre empt stronger state lawas against predatory lending. Further how many lenders put a gun to the head of people and forced them to take loans that they could not repay?

    The fact is you cannot defend your position on liberalism and the fact is that Republicans did not cause the housing meltdown, but ACORN, Fannie and Freddie, along with the entitlement mentality of liberals like Franks who believe that home ownership is a civil right did?

  10. #170
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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by SouthernDemocrat View Post
    That is absurd being that the majority of foreclosures have been in the upper middle class from them buying more home than they could afford, and your ideological mythology does not in anyway explain the huge bubble in commercial real estate.
    What has Obama done to improve the condition of the housing market and has it worked?

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