the crash happened on the shrub's watch, remember?!
mccain was going around campaigning at the time saying dumb republican **** like"the fundamentals of the economy are sound"
Obama did not inherit this economic fubar until january 2009
there is a reason for this. under federal regulations fannie mae and freddie mac could only buy for the secondary market "conforming" loans. to conform, the loan had to meet established federal criteria. countrywide loans were NON-conformingIt's also doesn't characterize a Countrywide loan for example as a "CRA loan".
it's almost like you are trying to prove your ignorance on this topic. a republican president, nixon, privatized the GSEs. instead of being owned by the taxpayer, the shares of fannie mae and freddie mac were sold to private interests. however, there was a huge problem with that. the federal government still provided an 'implied' guaranty on the GSEs' transactions. so, when they got in trouble, the taxpayers covered their losses. whereas while they were VERY profitable, the individual interests pocketed the profits. a very heads-i-win, tails-you-lose scenario. which takes us to your next ignorant statement:The problem with that premise is that the GSEs bought up 70% of all of CountryWide's loans and added them to their portfolio.
made made all of that **** upDemocrats caused the Housing Crash. It's irrefutable. Reno strong armed banks to push affordable housing goals to reduce "redlining". Groups like ACORN were used as the foot soldiers in neighborhoods to keep the banks in line. Classic left wing community organizing.
but shut me up. show us evidence that you are right and i am wrong. accept that challenge. please
you offer no facts to refute. because you came into this discussion unarmed and prepared to be embarrassed. glad to obligeEvery fact you are unable to refute you characterize as "Right Wing Memes" while at the same time you push 4 year old articles that are long past even being remotely relevant. Sad and pathetic.
yes, it does. offer any proof that what i have posted to refute your argument is in any way in errorIt matters
i am betting you will instead run away and hide from the thread
Further consider that eating out is commonly a discretionary expense that often is eliminated once the cost gets prohibitive…
"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure" - 2006 Senator Obama...leadership failure indeed!
Liberals seem to be experts on every topic so my suggestion to you is start your own business, pay your employees whatever you deem necessary and see how long you survive with that liberal ideology? By the way, why nine dollars an hour? Why not twenty? Do you have any idea how much nine dollars an hour generates in net income for a full time employee working forty hours a week? Figure it out and get back to me
The ghost of Jack Kevorkian for President's Physician: 2016
And to make my point clear about minimum wage is that minimum wage should offer a full time worker a wage that allows them to support theirself while still having an incentive to move up to do greater things. That's why it should be 16 and not a billion or whatever ridiculous number someone counters with.
My point is that the market should establish wages and the govt. has no business telling private industry what to pay its workers. Govt. has nothing invested in the business and just sucks out a share in taxes without any of the risk. Obama fits well into that liberal ideology knowing nothing about how to run a business
The minimum wage should be whatever the market determines it should be, and people who "don't want to work because it's too low" should be thrown off of any kind of assistance, and go take one of those "jobs Americans won't do' like a man should and would, and quit their crying.