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Thread: U.S. Jobless Rate Unexpectedly Declines to 8.6%

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Conservative View Post
    I did change my mind, grew up a Democrat and haven't voted for a Democrat President since 1976. Have always been a Conservative but saw the Democrat Party leave me. In other words I grew up and learned that Democrat rhetoric about spending in the name of compassion never led to compassionate spending.

    Donít you find that a bit conflicting to admit that you voted twice for a president that has increased debt as a percent of GDP, (bush +20.7%) while demonizing one (obama +15.4%) that has lower spending as a percent of GDP?
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by treedancer View Post
    Don’t you find that a bit conflicting to admit that you voted twice for a president that has increased debt as a percent of GDP, (bush +20.7%) while demonizing one (obama +15.4%) that has lower spending as a percent of GDP?
    Considering the options, no I don't have a problem with that at all. I have absolutely no use for the Obama economic policies and lack of leadership shown by this Administration. Liberals love to use percentage change while ignoring actual numbers. Bush add 4.9 trillion in 8 years or 600 billion a year, Obama has added 4.4 trillion in 3 years or 1.4 trillion a year. Which one cost the taxpayers more money in debt service?

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Conservative View Post
    Considering the options, no I don't have a problem with that at all. I have absolutely no use for the Obama economic policies and lack of leadership shown by this Administration. Liberals love to use percentage change while ignoring actual numbers. Bush add 4.9 trillion in 8 years or 600 billion a year, Obama has added 4.4 trillion in 3 years or 1.4 trillion a year. Which one cost the taxpayers more money in debt service?
    Yes, liberals and their voodoo math skills and magical numbers and such. LOL

    Too funny.
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by treedancer View Post
    Don’t you find that a bit conflicting to admit that you voted twice for a president that has increased debt as a percent of GDP, (bush +20.7%) while demonizing one (obama +15.4%) that has lower spending as a percent of GDP?

    Really?

    2011 Fiscal Year has Federal Spending as a % of GDP at 23.88%, previous 3 years were 23.75%, 25.10%, and 20.90%. Since 2009, the last time federal spending exceeded 20% of GDP was 1995.

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by treedancer View Post
    Don’t you find that a bit conflicting to admit that you voted twice for a president that has increased debt as a percent of GDP, (bush +20.7%) while demonizing one (obama +15.4%) that has lower spending as a percent of GDP?
    Do you have a source for that data?
    I love the smell of burning moonbat in the morning.

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by AdamT View Post
    Was there a housing crisis in the 30 years following the passage of CRA? No. Why not? Because CRA wasn't the problem.
    HUUUUUUGGGGEEE pile of bull****. Increased activity in CRA in 94, 98 and 2002 in response to legislative changes heated up the housing market to the point where it lifted off the Consumer Price Index. Meaning, it went off the pricing rails and exceeded incomes. CRA was the fuel for a decent portion of the default swap market and F&F accounted for around $9 trillion in paper from 2000 to 2007. We were due for a market correction in 2002 for the housing market and it went up for another 5 years after that.

    Your response is uneducated, uninformed and partisan.

    Now onto Liblady :
    how many times does someone have to tell you that CRA had absolutely NOTHING to do with the sub prime crisis? those regulations didn't force ANY institution to make bad loans. just quit already.
    FALSE. In order to qualify for prime fed rates, make an aquisition, merger or be purchased themselves a bank was required to satisfy CRA regulators that they were within mandated rates on CRA qualifying loans. Its written into the law and banking rules and regulations. CRA was strenghtened in 95,99, and 2005 and again in 2007. If a bank wanted to grow they complied by whatever means they could cook up.

    Did banks qualify for those regulations by using predatory lending? Absolutely. Did banks write paper they knew was terrible, bundle it and pass it to F&F? Absolutely. When government regulation not only encourages but mandates bad paper and facilitates hiding the same, you are going to get a bad result and almost never the one you want. To say that the CRA has nothing to do with it is partisan positioning. Bank margings are 4 to 6%. Forcing a bank to write 2% of bad paper a year will bankrupt them in a big hurry and put all of their underwriting at risk. Its not the amount or percentage its the cascade effect from the bad paper going bad and chaining into other paper the bank has written--dropping the market.

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by treedancer View Post
    Don’t you find that a bit conflicting to admit that you voted twice for a president that has increased debt as a percent of GDP, (bush +20.7%) while demonizing one (obama +15.4%) that has lower spending as a percent of GDP?
    LOL get that by leaving out discretionary spending didja?
    Source?

    -

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by whysoserious View Post
    Yes, liberals and their voodoo math skills and magical numbers and such. LOL

    Too funny.
    voodoo math skills? Hmmm, I would just love to find a liberal that will show any of those skills at all. I don't think liberals are capable of doing basic math. Who do you blame for the 2009-2011 deficits? where are my numbers wrong?

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    I wish we could just lie to people for a while, tell them unemployment is down for the next 3 or 4 months, jack up the GDP slightly, give mainly just good news. I'll bet the economy would start improving. All the gloom and doom makes people want to hold on to their money. Always thought economic news was a self-fulfilling prophesy.

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by OpportunityCost View Post
    HUUUUUUGGGGEEE pile of bull****. Increased activity in CRA in 94, 98 and 2002 in response to legislative changes heated up the housing market to the point where it lifted off the Consumer Price Index. Meaning, it went off the pricing rails and exceeded incomes. CRA was the fuel for a decent portion of the default swap market and F&F accounted for around $9 trillion in paper from 2000 to 2007. We were due for a market correction in 2002 for the housing market and it went up for another 5 years after that.
    Bull**** indeed!!

    There was no mortgage crisis in '94, '98, or '02. The subprime fiasco really exploded between '02 - '06, and the VAST majority of loans were given out by private lenders who weren't even regulated under CRA. Careful ... you can throw out your back missing the ball by that much!

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