Page 62 of 145 FirstFirst ... 1252606162636472112 ... LastLast
Results 611 to 620 of 1443

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

  1. #611
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Yesterday @ 08:06 PM
    Gender
    Lean
    Independent
    Posts
    16,263

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

    Quote Originally Posted by AdamT View Post
    Two words for what turned it into a bubble: tax ... cuts.

    Historically, when you see large tax cuts an asset bubble isn't far behind.

    That and deregulation.
    Tax cuts absent of spending reductions have the tendency to increase the demand for financial services, a.k.a. where the **** do i put all this money?!?!?!
    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

  2. #612
    Banned
    Join Date
    Jan 2011
    Last Seen
    08-25-16 @ 08:31 PM
    Lean
    Liberal
    Posts
    11,265

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

    Quote Originally Posted by Sheik Yerbuti View Post

    Why do you think righties blame Barney Frank?

    Quote Originally Posted by The Barbarian View Post

    Because some of them are as big of political hacks as you .....
    Since you have blamed Barney Frank in the past, by your own standard, I guess that makes you as big of a political hack as you think I am...


    "You also ignore that twice since 2003 bills to look closer into Fanny and Freddie, were filibustered by Democrats, or that as late as 2006 Barney Frank and Obama was backing him, that there was no need to look closely into what Fannie and Freddie were doing." ~ The Barbarian

  3. #613
    Sage
    pbrauer's Avatar
    Join Date
    Jun 2010
    Location
    Oregon
    Last Seen
    11-27-15 @ 03:31 PM
    Gender
    Lean
    Liberal
    Posts
    25,394

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

    Quote Originally Posted by Sheik Yerbuti View Post
    That is my opinion. My opinion is that there was a housing boom when Bush took over and that Bush pushed the pedal to the metal with his minority homeownerhip program and turned that boom into a bubble.
    Yes, indeed he did.


  4. #614
    Banned
    Join Date
    Jan 2011
    Last Seen
    08-25-16 @ 08:31 PM
    Lean
    Liberal
    Posts
    11,265

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

    Quote Originally Posted by pbrauer View Post
    Yes, indeed he did.

    Indeed, indeed.

  5. #615
    Professor

    Join Date
    Jan 2011
    Last Seen
    03-23-13 @ 02:33 AM
    Gender
    Lean
    Conservative
    Posts
    1,265

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

    Quote Originally Posted by Goldenboy219 View Post
    For those who continue to peddle nonsense regarding the CRA:
    The housing bubble was caused by a multitude of things was the CRA one of those things, only a fool would say no, granted they didn't “force” banks to make questionable loans, but they were capable of applying enough pressure that it was much easier on banks to go along with what they wanted then it was to fight it. That is the simple truth.

    The bubble began with Carter and the *the*Housing*and Community Development*Act it was surely helped along by the repeal of Glass-Steagall that was signed by Clinton and written and passed by a Republican controlled senate and house. Bush signed the Bush*Signs American Dream Downpayment*Act*·* which further pushed things along .. I'm sure there are more things but these are just a few that shows “both” parties had a hand in forming and encouraging the bubble.

    Could anything have been done … in my opinion no …. and I say this because of not the parties but because we as the people of this country would have destroyed any politician that would have put any serious effort into doing so. Times were good … you could buy a home with no money down, the payments could amount to 50% or more of your income. Everyone dreams of owning their own home, in good times trying to restrict home ownership would have been political suicide

  6. #616
    Professor

    Join Date
    Jan 2011
    Last Seen
    03-23-13 @ 02:33 AM
    Gender
    Lean
    Conservative
    Posts
    1,265

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

    Quote Originally Posted by Sheik Yerbuti View Post
    Indeed, indeed.
    you guys get funnier all the time ... that bill passed in 2004 ... so now you political hacks .. put the housing bubble as a 2 year program ?? 2004 to 2006 ? Then in the next breath both of you have said that by the time Democrats took control of the senate and the house .. it was too late to do anything ?? In two years ... then couldn't undo the problem created that had only be going on for two years ???

  7. #617
    Professor

    Join Date
    Jan 2011
    Last Seen
    03-23-13 @ 02:33 AM
    Gender
    Lean
    Conservative
    Posts
    1,265

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

    Quote Originally Posted by Sheik Yerbuti View Post
    Since you have blamed Barney Frank in the past, by your own standard, I guess that makes you as big of a political hack as you think I am...


    "You also ignore that twice since 2003 bills to look closer into Fanny and Freddie, were filibustered by Democrats, or that as late as 2006 Barney Frank and Obama was backing him, that there was no need to look closely into what Fannie and Freddie were doing." ~ The Barbarian

    And that response was, I'm sure, one of your posts that blamed only republicans for our woes .. but do you deny that part of My post ?? Were there two bills that were fillbustered by Dem's ? Was gay Barney telling the American people that fannie and freddie were solid ?

  8. #618
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Yesterday @ 08:06 PM
    Gender
    Lean
    Independent
    Posts
    16,263

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

    Quote Originally Posted by The Barbarian View Post
    The housing bubble was caused by a multitude of things was the CRA one of those things, only a fool would say no, granted they didn't “force” banks to make questionable loans, but they were capable of applying enough pressure that it was much easier on banks to go along with what they wanted then it was to fight it. That is the simple truth.
    No; that is simple bull****! If this was the case, we would see that CRA mandated loans represented the single largest default class and/or CRA mandated loans were the most likely to be packaged into a jumbo security and sold off to unsuspecting investors.

    Since neither of these are true, your little theory is just as false.
    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

  9. #619
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Yesterday @ 08:06 PM
    Gender
    Lean
    Independent
    Posts
    16,263

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

    Quote Originally Posted by The Barbarian View Post
    Was gay Barney telling the American people that fannie and freddie were solid ?
    Fannie and Freddie are in the business of purchasing AAA rated paper. When mortgage securities are mis-categorized as low risk debt, Fannie and Freddie are really not that solid. As far as i know, nobody was aware of the fraudulent securitization practices until it was too late.
    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

  10. #620
    Professor

    Join Date
    Jan 2011
    Last Seen
    03-23-13 @ 02:33 AM
    Gender
    Lean
    Conservative
    Posts
    1,265

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

    Quote Originally Posted by Goldenboy219 View Post
    Fannie and Freddie are in the business of purchasing AAA rated paper. When mortgage securities are mis-categorized as low risk debt, Fannie and Freddie are really not that solid. As far as i know, nobody was aware of the fraudulent securitization practices until it was too late.
    Then maybe we need to elect smarter politicians then what we do now ... on both sides .. but if "no one" was aware of it until it was too late .... then I guess there is "no one" to blame right ?

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •