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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 OpportunityCost View Post
    Stop relying on sources based only in government (which wants more than anything to sweep this under the rug) and far left sites that want to blame it on the right. Look at sites that truly want to understand the root causes and avoid them in the future. Which you decidedly are not doing.
    Sorry, I just can't let that one go as I noticed the blurb detailing the author of your cited article:

    Peter Schweizer is a research fellow at the Hoover Institution and author of Architects of Ruin: How Big Government Liberals Wrecked the Global Economy---And How They Will Do It Again If No One Stops Them (Harper, 2009).
    Your ONE citation is to an article written by an obvious right wing partisan who's employed at a right wing think tank, and you seriously have to gall to attack my sources, which include one of the biggest newspaper publishers in the country, a team of government investigators tasked with studying the cause of the crisis, and the independent Federal Reserve investigation?

    The Hoover Institution is influential in the American conservative and libertarian movements. The Institution has long been a place of scholarship for high-profile conservatives with government experience. A number of Hoover Institution fellows had connections to or held positions in the Bush administration and other Republican administrations. High-profile conservatives Edwin Meese, Condoleezza Rice, George Shultz, Thomas Sowell, Shelby Steele, and Amy Zegart are all Hoover Institution fellows.
    Last edited by AdamT; 12-06-11 at 02:18 AM.

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

    I have no idea what you're on about there. It has nothing to do with my point No. 3, which is that, with or without CRA, virtually anyone could get a subprime mortgage. The government didn't have to twist arms to get lenders to lend to poor folks. Private lenders were begging them to take out mortgages.
    Because it put them into CRA compliance...

    That is absolute bull****. The exact opposite is true, as mentioned in several of the reports linked above.
    The ones from McClatchy and a government source? McC agenda, blame the right and big bizznezz, the government source doing anything at all to defelct blame from itself? Gotcha...great sources.

    Tired of going round and round with you, you are trusting government sources to tell you the government ****ed up. Prolly isnt going to happen.

    You want sources?
    Here's How The Community Reinvestment Act Led To The Housing Bubble's Lax Lending - Business Insider
    http://www.americanprogress.org/issu.../pdf/pinto.pdf
    http://www.cato.org/pubs/journal/cj30n2/cj30n2-12.pdf

    Im going to say again, I love hearing how you dont trust the guys in the fed until it supports your arguments. Its an echo chamber; fed bureaucrats issue reports covering their ass and its pushed through by the left because they genuinely like the CRA for its stated goal, not its results.

    I know the sources Im using are more to the right. There is a flood of left side sources citing fed employees. Again : they are covering their asses.

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

    Quote Originally Posted by j-mac View Post
    Either they are duping America, or not counting some people that absolutely be counted, or I don't know what, because I sure don't see the problem getting better.

    They tinker around with these stats in DC to the point where no one is telling the truth any more. I am disappointed in the lies.

    j-mac
    Actually to some extent that is true. If you been out of work for 99 days I don't think they count you anymore, so unemplyoment will always techinically be higher. Getting to 7% is unrealistic anytime soon and even then it won't truly be 7%.

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

    Quote Originally Posted by OpportunityCost View Post
    Because it put them into CRA compliance...


    The ones from McClatchy and a government source? McC agenda, blame the right and big bizznezz, the government source doing anything at all to defelct blame from itself? Gotcha...great sources.

    Tired of going round and round with you, you are trusting government sources to tell you the government ****ed up. Prolly isnt going to happen.

    You want sources?
    Here's How The Community Reinvestment Act Led To The Housing Bubble's Lax Lending - Business Insider
    http://www.americanprogress.org/issu.../pdf/pinto.pdf
    http://www.cato.org/pubs/journal/cj30n2/cj30n2-12.pdf

    Im going to say again, I love hearing how you dont trust the guys in the fed until it supports your arguments. Its an echo chamber; fed bureaucrats issue reports covering their ass and its pushed through by the left because they genuinely like the CRA for its stated goal, not its results.

    I know the sources Im using are more to the right. There is a flood of left side sources citing fed employees. Again : they are covering their asses.
    The sources you are using are out-and-out right wing mouthpieces.

    In contrast, McClatchy is as mainstream as they come and Fed has absolutely no dog in the CRA fight.

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

    Quote Originally Posted by AdamT View Post
    It's nice talking point, but unfortunately it's completely false.



    FT.com / UK - Oxley hits back at ideologues
    You are actually going to argue that this bunch, particularly Frank did not protect FM and FM from reform ???

    I'll not derail this thread, but I have dozens of quotes from this bunch as well as youtube videos of them saying they needed NO further regulation.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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

    Quote Originally Posted by AdamT View Post
    The sources you are using are out-and-out right wing mouthpieces.

    In contrast, McClatchy is as mainstream as they come and Fed has absolutely no dog in the CRA fight.
    Yeah, how dare he...........

    He shouldn't link to sources from right wing mouthpieces that disagree with your sources from left wing mouthpieces.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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

    The important thing about all soruces, left or right, is that they be accurate. Anything inaccurate, regardless of bias, should never be used. And any factual information they give, we should be able to see where they got and view the primary source of that information.

    Just saying . . . .

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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

    Quote Originally Posted by Gill View Post
    You are actually going to argue that this bunch, particularly Frank did not protect FM and FM from reform ???

    I'll not derail this thread, but I have dozens of quotes from this bunch as well as youtube videos of them saying they needed NO further regulation.
    Feel free to post your quotes, but it is a historical fact that House actually passed a bill that would have reformed F&F with the help of Barney Frank.

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

    Quote Originally Posted by AdamT View Post
    Feel free to post your quotes, but it is a historical fact that House actually passed a bill that would have reformed F&F with the help of Barney Frank.
    They've been posted hundreds of times. I'll be happy to, but I'm not going off-topic in this thread.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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

    Quote Originally Posted by AdamT View Post
    Feel free to post your quotes, but it is a historical fact that House actually passed a bill that would have reformed F&F with the help of Barney Frank.
    Quotes, what people say as opposed to what was actually done? Now that's a serious bit of evidence.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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