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Thread: Employers add no net jobs in Aug.; rate unchanged

  1. #1631
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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Sheik Yerbuti View Post
    Bull****.


    Bush Minority Homeownership Plan Rests Heavily on Fannie and Freddie

    When President Bush announced his Minority Homeownership plans last week in Atlanta, his top priorities were new federal programs: a $2.4 billion tax credit to facilitate home purchases by lower-income first-time buyers, and a $200 million national downpayment grant fund.

    But none of the new federal programs--if passed by Congress--will come even close to achieving the 5.5 million-household increase in minority homeownership the President set as his target.

    Instead, most of the heavy lifting was assigned to two mortgage market players that have sometimes come under fire from Bush administration officials and Congressional Republicans: Fannie Mae and Freddie Mac.

    Fannie's and Freddie's commitments are the bedrock core of the President's ambitious plans--but didn't get the headlines. Fannie Mae agreed to increase its already substantial lending efforts to minority families by targeting another $260 billion of mortgage purchases to them during the next nine years. Freddie Mac agreed to buy an additional $180 billion in minority-household home loans during the same period.

    Besides its $180 billion mortgage purchase commitment, Freddie Mac gave President Bush a promise to implement a 25-point program aimed at increasing minority homeownership. Some of the points were cutting-edge. For example, as part of an effort to remove the fear of financial loss from first-time minority home buyers, Freddie committed itself to "explor(e) the viability of equity assurance products to protect home values in economically distressed areas."

    Pressed for details on "equity assurance" by RealtyTimes, Freddie Mac vice president Craig S. Nickerson said the idea is still at an embryonic stage, but might involve limited guarantees or insurance coverage to protect buyers from the possibility of loss of their initial equity stakes should property values in their neighborhoods decline.





    "Thanks to our policies, home ownership in America is at an all-time high." ~ George Bush, 9.2.2004, RNC acceptance speech
    It has been 2 1/2 years and 4 trillion added to the debt, a 842 billion stimulus, extension of the Bush tax cuts, now another stimulus program. When will you realize the problem is Obama and liberalism which drives consumer confidence which is at record lows? The best stimulus plan would be for Obama to get fired

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post

    Amazing how Bush remains the problem 2 1/2 years into the Obama Administration.
    For how many years has the right blamed FDR for not fixing the mess he inherited fast enough?

    Answer: 78 years and counting.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Sheik Yerbuti View Post
    Ok, so Bush doesn't lift a finger to raise airport security upon reading a PDB informing him that the FBI has detected "suspicious activity in this country consistent with preparations for hijackings," and you claim Liberals would have screamed bloody murder if he had raised airport security even though doing so might have prevented 9.11.

    Now you're saying how Liberals would have screamed bloddy murder had Bush increased regulations on banks even though doing so might have prevented the financial meltdown.

    ... when do Republicans lead? When do they do what's right for the nation instead of cowering to Democrats?
    This is the thread topic: Employers add no net jobs in Aug.; rate unchanged

    You really need to get over your BDS, it really is a sickness that makes you look very bad.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Sheik Yerbuti View Post
    For how many years has the right blamed FDR for not fixing the mess he inherited fast enough?

    Answer: 78 years and counting.
    If that is right two wrongs don't make a right and what good does that do right now? Obama has no plan to fix this mess, just more of the same, tax the rich, redistribute wealth, steal from SS. The problem is consumer confidence and he does nothing to improve that which is at record lows.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post

    I competed against McDonalds and the market forced us to pay over $10 per hour. How is taking money from SS going to benefit these workers long term. What does your hypothetical have to do with anything, it was their money that has been taken in taxes. Anytime you reward taxpayers it is a good thing. Why would you reward politicians that created the 14.6 trillion debt?
    Why did you avoid answering my question? Was I right, you didn't understand it? Here, I'll ask it again, maybe this time, you'll answer it ...



    Hypothetical (you won't understand anyway, but still)...

    You have a job making $100,000/year. You get a measly $1,040 raise. 1.0%.

    Your neighbor's son works at McDonald's for $7.25/hour and gets a 0.50˘/hour raise, a 6.9% increase which equals $1,040/year ...

    Between the two of you, who got a better raise?

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Sheik Yerbuti View Post
    Why did you avoid answering my question? Here, I'll ask it again, maybe this time, you'll answer it ...



    Hypothetical (you won't understand anyway, but still)...

    You have a job making $100,000/year. You get a measly $1,040 raise. 1.0%.

    Your neighbor's son works at McDonald's for $7.25/hour and gets a 0.50˘/hour raise, a 6.9% increase which equals $1,040/year ...

    Between the two of you, who got a better raise?
    Irrelevant hypothetical question that has nothing to do with the thread topic. Any tax cut benefits the tax pay and any raise benefits them as well.

    Read this article and try to comprehend what is going on here

    Barack Obama’s Wings of Wax « Commentary Magazine

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post

    It has been 2 1/2 years and 4 trillion added to the debt, a 842 billion stimulus, extension of the Bush tax cuts, now another stimulus program. When will you realize the problem is Obama and liberalism which drives consumer confidence which is at record lows? The best stimulus plan would be for Obama to get fired
    You're still lying. Obama did not increase the debt by $4 trillion. Bush's budget ran through most of 2009. And how can keeping the Bush tax cuts in place be "liberalism which drives consumer confidence which is at record lows?" YAre you claiming Bush's tax cuts are an aspect of Liberalism?

    And you're lying about consumer confidence being at record lows. The current index is at 44.5, 7 points higher than thw 37.4 when Bush left office.


    http://www.conference-board.org/data...confidence.cfm

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post
    This is the thread topic: Employers add no net jobs in Aug.; rate unchanged

    You really need to get over your BDS, it really is a sickness that makes you look very bad.
    Umm, this entire thread is a testament to your hypocrisy.

    You insist that BLS's payroll data is not the data to be used to determine employment/unemployment, yet you now cling to it desperately in order to claim that "employers add no net jobs in Aug." even though the data you do swear by, household survey data, indicates a net gain of 331,000 jobs.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Sheik Yerbuti View Post
    You're still lying. Obama did not increase the debt by $4 trillion. Bush's budget ran through most of 2009. And how can keeping the Bush tax cuts in place be "liberalism which drives consumer confidence which is at record lows?" YAre you claiming Bush's tax cuts are an aspect of Liberalism?

    And you're lying about consumer confidence being at record lows. The current index is at 44.5, 7 points higher than thw 37.4 when Bush left office.


    Consumer Confidence Index® | The Conference Board
    The 2009 budget and spending was approved by the Democrat controlled Congress and Obama put the Department heads in place after he took office to spend the money. Name calling is all that you can do. I don't pay a lot of attention to the name calling but do enjoy seeing your liberal arrogance. I would like to know what GW Bush did to hurt you and your family so much that here we are 2 1/2 years after he left office and you have such hatred for the man. He did a lot of good things and showed the class that liberals always hate. Too bad that all you can do is trash a good man.

    President G. W. Bush Speech at National Cathedral after 9/11 - YouTube

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post
    Irrelevant hypothetical question that has nothing to do with the thread topic. Any tax cut benefits the tax pay and any raise benefits them as well.

    Read this article and try to comprehend what is going on here

    Barack Obama’s Wings of Wax « Commentary Magazine
    No, it's not irrelevant. In fact it's extremely relevant as it highlights why relativity matters. But I have to give you credit. I didn't think you would understand it and I was wrong. Clearly you understand it which is why you ran away from it as fast as your walker would allow.

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