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Thread: Job growth cools slightly, recovery grinds on [W:225]

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    re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by poweRob View Post
    You were debunked and debunked hard. Get over it. It's not anyone else's fault that you refuse to read what was even brought to you. Or even watch a vid that
    was brought right to you of GW Bush himself.

    Denial won't get you out of this pickle you got yourself into the past couple of pages.
    LOL. !!! By who ? Some clown with a youtube account ? By some clown who ignores the prior decade that in multiple books, articles and studdies shows that the Democrats forced lending and then pushed GSE's to aquire those toxic MBSs so they could be bundled with good loans and sold off to investment banks to finance the secondary markets.

    There are these nifty little things that are called "books" and if they didn't counter every goofy idea of the left on the subject of Sub prime you people might actually chose to read them instead of using them to roll your weed on.

    But you know what, given your level of knowledge of the sub-prime I can definitely believe you got the whole of your education from a video that completely ignores the 10 years prior and the regulatory control that was given to CRA and HUD to force lending and lower underwriting standards.

    You know just what your ideology will let you learn and I think thats HILLARIOUS and sad. It means any amount of knowledge you possess is as shallow as your convictions.

    The GSEs, historically where voted out Democrats go to get rich were up to a 40% origination of their yotal mortgages by 2008. Up from the usual 10% they maintained for 70 years

    You or any other lib on this or any other debate site cannot rebut me or prove me wrong.

    One your not smart enough and two you have only misinformation amd partisan lies to uphold a coreupt liberal ideology.

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    re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by Fenton View Post
    LOL. !!! By who ? Some clown with a youtube account ? By some clown who ignores the prior decade that in multiple books, articles and studdies shows that the Democrats forced lending and then pushed GSE's to aquire those toxic MBSs so they could be bundled with good loans and sold off to investment banks to finance the secondary markets.

    There are these nifty little things that are called "books" and if they didn't counter every goofy idea of the left on the subject of Sub prime you people might actually chose to read them instead of using them to roll your weed on.

    But you know what, given your level of knowledge of the sub-prime I can definitely believe you got the whole of your education from a video that completely ignores the 10 years prior and the regulatory control that was given to CRA and HUD to force lending and lower underwriting standards.

    You know just what your ideology will let you learn and I think thats HILLARIOUS and sad. It means any amount of knowledge you possess is as shallow as your convictions.

    The GSEs, historically where voted out Democrats go to get rich were up to a 40% origination of their yotal mortgages by 2008. Up from the usual 10% they maintained for 70 years

    You or any other lib on this or any other debate site cannot rebut me or prove me wrong.

    One your not smart enough and two you have only misinformation amd partisan lies to uphold a coreupt liberal ideology.
    You are wrong. The CRA was about eliminating redlining. All evidence shows that default rates on CRA loans were lower than non-CRA loans.
    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: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by poweRob View Post
    uh... this was you:



    Last quarter was 3rd quarter. 3.1% growth. Your link is citing 2nd quarter. As it says right there in your link's headline..

    Second-quarter U.S. GDP revised down to 1.3%


    No one is lying. Not even you. You are just wildly wrong again... Comrade.
    You have to be joking. That 3.1% is hilariously misleading. It's all fueled by massive govt spending and inventory accumulation. We already know that businesses are sitting on excess inventory because of a lackluster holiday shopping season.

    Q3 was originally 2% (I have NP admitting I was mistaken between q2 and q3) and revised up due to massive govt spending. An increase by 10%. Consumer spending only increased by 1.4%. A total collapse of personal consumption. Personal consumption was actually revised DOWN from the initial 2% GDP projection.

    Fixed investment was around .01%. The lowest since q1 2011. Good luck getting hired in the private sector with those kind of numbers. Finally we need to see growth rates of GDP higher than 5%. 3% is below average at best.

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    re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by Kushinator View Post
    You are wrong. The CRA was about eliminating redlining. All evidence shows that default rates on CRA loans were lower than non-CRA loans.
    The CRA = root cause. It's beyond refute. Government created a market through legislation that otherwise never would have existed. The GSEs bought a large % of the loans in an effort to expand their portfolios. They removed risk by promising investors their money was insured by the Federal Govt. Ie the taxpayer.


    It was the GSEs who received bailouts far larger than any private company. Banks had to lower lending standards to comply with CRA regulations.

    Did the Community Reinvestment Act (CRA) Lead to Risky Lending? by Sumit Agarwal, Efraim Benmelech, Nittai Bergman, Amit Seru :: SSRN

    Yes, it did. We use exogenous variation in banks’ incentives to conform to the standards of the Community Reinvestment Act (CRA) around regulatory exam dates to trace out the effect of the CRA on lending activity. Our empirical strategy compares lending behavior of banks undergoing CRA exams within a given census tract in a given month to the behavior of banks operating in the same census tract-month that do not face these exams. We find that adherence to the act led to riskier lending by banks: in the six quarters surrounding the CRA exams lending is elevated on average by about 5 percent every quarter and loans in these quarters default by about 15 percent more often. These patterns are accentuated in CRA-eligible census tracts and are concentrated among large banks. The effects are strongest during the time period when the market for private securitization was booming.

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    re: Job growth cools slightly, recovery grinds on [W:225]

    Moderator's Warning:
    Job growth cools slightly, recovery grinds on [W:225]Tone down the rhetoric, people.
    "Never fear. Him is here" - Captain Chaos (Dom DeLuise), Cannonball Run

    ====||:-D

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    Re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by Bronson View Post
    The CRA = root cause. It's beyond refute. Government created a market through legislation that otherwise never would have existed. The GSEs bought a large % of the loans in an effort to expand their portfolios. They removed risk by promising investors their money was insured by the Federal Govt. Ie the taxpayer.


    It was the GSEs who received bailouts far larger than any private company. Banks had to lower lending standards to comply with CRA regulations.

    Did the Community Reinvestment Act (CRA) Lead to Risky Lending? by Sumit Agarwal, Efraim Benmelech, Nittai Bergman, Amit Seru :: SSRN
    But if that's true then you can't blame Greenspan.
    "I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."

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    Re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by poweRob View Post
    Holy cow. That's embarrassing.

    No, embarrassing is coming on to a public forum and twisting the truth to conform to your bankrupt ideology. Lying and posting misinformation to try and justify your agenda's mass-incompetence and destruction.

    With every post you marginalize your position and with every counter rebut you receive display your ignorance by basically blaming everything on the last Republican in charge.

    You make a mockery of yourself and your position daily, with every upchuck of your liberal position on almost every post. You are not the arbiter of assigning embarrassment unless your doing it from years of experience.
    The New Democratic Party Slogan :

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    Re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by Kushinator View Post
    You are wrong. The CRA was about eliminating redlining. All evidence shows that default rates on CRA loans were lower than non-CRA loans.
    Oh did you do a bit of objective research ? Lemme' guess, you stopped reading where it became obvious that Bronson and my self were correct.

    You have to ask your self. Why did Fannie operate for damn near 70 years with out a major hitch and without collapsing the US economy ? I say Collapse because we're still NOT safe from the damage the Democrat mandated sub-prime collapse CAUSED.

    Especially with a President who's increasing taxes and regulations and adding a destructive health care law all at the same time in a shrinking economy. TARP was a band aid and there are plenty of those derivatives built, packaged, bought and sold by the GSE's who's values are impossible to assess floating around out there.

    Imagine that. Liberals tried to force "fairness", tried to be the arbiter of right and wrong and forced their way into a private sector enterprise that eventually almost led to the collapse of the American economy. Where else is that being tried ?

    REDLINING by the mortgage industry was supposed discrimination and under the charge of bigotry and racism banks were forced through penalties to craft a type of loan that would fit the new lenders income and credit characteristics. GET IT ?

    But Freddie and Fannie committed in the early 90's to a TRILLION dollars towards the building of a secondary market that would use these new guidelines implemented by CRA and HUD regulations to build a massive secondary market and cater to those poor disadvantaged peoples with bad credit and no job.( Bush's fault )

    It's nice of them huh ? To commit tax payers money like that but that's essentially what they did. The Democrat weighted fiscal commission even alluded that the REAL reason the crisis unfolded was due to government involvement and that by the year 2008 75% of ALL sub-prime loans were on the books of Fannie-Mae, Freddie Mac or other Government regulated entities.

    You think a ideological bias in favor of low income, poor credit borrowers over a 16 year period was the brain child of the Republicans ? No, it wasn't. Politicians like Barney Frank needed to appeal to a certain demography and so he argued for lowering underwriting standards and regulations that stopped "discriminatory practices" by lending institutions.


    Seriously, lending institutions that SHOULD discriminate based on credit, income and EMPLOYMENT history were no longer allowed to apply those standards. Liberals...If lending institutions can't DISCRIMINATE, then why didn't I get that IROC-Z when I was 17 and delivering pizza's ?

    In 2001 Bush warned of the GSE's increasing size, and in 2005 a comprehensive reform of the GSE's was threatened by Chris Dodd with a filibuster...........Dodd later voted for the Bush reforms after the near collapse.....imagine that.


    This nonsense you and the other liberals come up with that it started under Bush in 2002 is just the pitiful cumulative ignorance of 3 or 4 liberals. It's the best you can do.

    In October 2000 HUD set new goals for affordable housing and identifies sub-prime borrowers as a market that help the GSE's achieve their goals. More Govt regulations and mandates....imagine that.
    The New Democratic Party Slogan :

    " Return to Power By Any Means Necessary "

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    Re: Job growth cools slightly, recovery grinds on [W:225]

    You can continue to spin the story as much as you like. The fact of the matter is that CRA loans were less likely to default than non-CRA loans.
    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: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by Bronson View Post
    You have to be joking. That 3.1% is hilariously misleading. It's all fueled by massive govt spending and inventory accumulation. We already know that businesses are sitting on excess inventory because of a lackluster holiday shopping season.
    I knew you wouldn't acknowledge that you were wrong. At least we have you admitting that there is a 3rd quarter out there.

    Quote Originally Posted by Bronson
    Q3 was originally 2% (I have NP admitting I was mistaken between q2 and q3) and revised up due to massive govt spending. An increase by 10%. Consumer spending only increased by 1.4%. A total collapse of personal consumption. Personal consumption was actually revised DOWN from the initial 2% GDP projection.
    2nd quarter was not 2% before it was revised. You are rounding up for dramtic effect. Not surprising.

    Quote Originally Posted by Bronson
    Fixed investment was around .01%. The lowest since q1 2011. Good luck getting hired in the private sector with those kind of numbers. Finally we need to see growth rates of GDP higher than 5%. 3% is below average at best.
    And the rest of this is a dodge attempt on what was being discussed.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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