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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 whysoserious View Post
    I am confused by this statement.
    Clearly Cam Newton is the better player on nearly all accounts; but Tebow is the one who gets all the credit (and glory) for his team's resurgence.

    Presidents are like quarterbacks - get too much credit when things are going well, take too much blame when things are going south.
    For some strange reason, it seems to always go well for Tim Tebow.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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

    Quote Originally Posted by Goldenboy219 View Post
    Clearly Cam Newton is the better player on nearly all accounts; but Tebow is the one who gets all the credit (and glory) for his team's resurgence.
    Ohhh, I gotcha now. I'm a little slow, but you knew that already.
    Ted Cruz is the dumbest person alive.

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

    Quote Originally Posted by AdamT View Post
    I believe you're in the wrong thread. This one is about the real estate crash that happened under Shrub's watch. You know, "your" boy who oversaw the worst economic implosion in three generations. Here's a hint: if you run the bus into a bridge abutment and kill half the passengers, it's a little tacky to whine about the body shop taking too long to fix the damage.
    You ignored the video I sent because it was "Right Wing" but had you taken a couple of minutes you would have seen the record where the Republicans voted along party lines to reform the mortgage system while the Democrats, again along party lines, refused reform.

    Now this is being blamed on George Bush! I doubt serious reform will ever take hold with these attitudes and assumptions. There is little interest in the truth anymore.

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

    Quote Originally Posted by Grant View Post
    You ignored the video I sent
    Your video is grossly ill-informed. Go back and review the quantitative data i provided before putting your foot in your mouth any deeper.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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

    Quote Originally Posted by Grant View Post
    You ignored the video I sent because it was "Right Wing" but had you taken a couple of minutes you would have seen the record where the Republicans voted along party lines to reform the mortgage system while the Democrats, again along party lines, refused reform.

    Now this is being blamed on George Bush! I doubt serious reform will ever take hold with these attitudes and assumptions. There is little interest in the truth anymore.
    The problem with that theory is that a reform measure actually passed in the House, in bipartisan fashion, with the help of Barney Frank, but was killed in the Senate due to opposition by the Bush administration and Greenspan. And that is according to Mike Oxley, who was the Republican Congressman who shepherded the bill throught the House.

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

    Quote Originally Posted by Grant View Post
    You ignored the video I sent because it was "Right Wing" but had you taken a couple of minutes you would have seen the record where the Republicans voted along party lines to reform the mortgage system while the Democrats, again along party lines, refused reform.
    That bill passed in committee because Republicans ran the Senate ... that bill also never made it to the Senate floor for a full vote because Republicans ran the Senate.

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

    Quote Originally Posted by AdamT View Post
    The problem with that theory is that a reform measure actually passed in the House, in bipartisan fashion, with the help of Barney Frank, but was killed in the Senate due to opposition by the Bush administration and Greenspan. And that is according to Mike Oxley, who was the Republican Congressman who shepherded the bill throught the House.
    I see nothing by Mike Oxley but here are a couple of reprints from the NY Times concerning what was happening during that critical period.

    Bush and McCain each tried to reform Fannie Mae. Democrats Blocked them both times. « American Elephants

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

    Quote Originally Posted by Grant View Post
    I see nothing by Mike Oxley but here are a couple of reprints from the NY Times concerning what was happening during that critical period.

    Bush and McCain each tried to reform Fannie Mae. Democrats Blocked them both times. « American Elephants
    Just did a search:

    In fact, Rep. Barney Frank (D-MA), chairman of the Financial Services Committee, and his predecessor, Rep. Michael Oxley (R-OH) made efforts to enhance regulatory oversight on Fannie Mae and Freddie Mac, including the Federal Housing Finance Reform Act of 2005 and sponsoring the Federal Housing Finance Reform Act of 2007. Both of these bills called for a new agency to oversee and regulate Fannie Mae and Freddie Mac.

    How Did This Happen? » Myths and Facts about the Financial Crisis

    http://frwebgate.access.gpo.gov/cgi-...r171p1.109.pdf

    the Federal Housing Finance Reform Act to create a world-class regulator for Fannie Mae and Freddie Mac;

    Baker Hostetler | Find Lawyers | Michael G. Oxley

    In 2009 Frank responded to what he called "wholly inaccurate efforts by Republicans to blame Democrats, and [me] in particular" for the subprime mortgage crisis, which is linked to the financial crisis of 2007–2009.[49] He outlined his efforts to reform these institutions and add regulations, but met resistance from Republicans, with the main exception being a bill with Republican Mike Oxley that died because of opposition from President Bush.[49]

    Barney Frank - Wikipedia, the free encyclopedia


    Just the first few links. There is more. Seek which one works for you.

    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 Boo Radley View Post
    Just did a search:

    In fact, Rep. Barney Frank (D-MA), chairman of the Financial Services Committee, and his predecessor, Rep. Michael Oxley (R-OH) made efforts to enhance regulatory oversight on Fannie Mae and Freddie Mac, including the Federal Housing Finance Reform Act of 2005 and sponsoring the Federal Housing Finance Reform Act of 2007. Both of these bills called for a new agency to oversee and regulate Fannie Mae and Freddie Mac.

    How Did This Happen? » Myths and Facts about the Financial Crisis

    http://frwebgate.access.gpo.gov/cgi-...r171p1.109.pdf

    the Federal Housing Finance Reform Act to create a world-class regulator for Fannie Mae and Freddie Mac;

    Baker Hostetler | Find Lawyers | Michael G. Oxley

    In 2009 Frank responded to what he called "wholly inaccurate efforts by Republicans to blame Democrats, and [me] in particular" for the subprime mortgage crisis, which is linked to the financial crisis of 2007–2009.[49] He outlined his efforts to reform these institutions and add regulations, but met resistance from Republicans, with the main exception being a bill with Republican Mike Oxley that died because of opposition from President Bush.[49]

    Barney Frank - Wikipedia, the free encyclopedia


    Just the first few links. There is more. Seek which one works for you.
    Barney Frank tried to reform Freddy Man and Fanny Mae?

    The man is prescient..

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

    Quote Originally Posted by Grant View Post
    I see nothing by Mike Oxley but here are a couple of reprints from the NY Times concerning what was happening during that critical period.

    Bush and McCain each tried to reform Fannie Mae. Democrats Blocked them both times. « American Elephants
    Try this one: FT.com / UK - Oxley hits back at ideologues

    He fumes about the criticism of his House colleagues. “All the handwringing and bedwetting is going on without remembering how the House stepped up on this,” he says. “What did we get from the White House? We got a one-finger salute.”
    Last edited by AdamT; 12-07-11 at 06:12 PM.

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