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Thread: America's Fed Up: Obama Approval Rating Hits All-Time Low, Poll Shows [W:256]

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    Re: America's Fed Up: Obama Approval Rating Hits All-Time Low, Poll Shows [W:256]

    Quote Originally Posted by sangha View Post
    You should dig a little deeper. It all traces back to the largest recession in our lifetimes. The one that happened when bush* was president
    You mean the one caused by many people, some of which were congressmen that insisted on F&F to increase their exposure and purchasing of toxic subprime mortgages? That one?
    Disinformation campaign? The Russian collusion meme pushed by the 'news' media, behaving as a political propaganda organ, hell bent to destroy a legitimately elected president to implement his agenda per the votes of the same electorate. Reference The Big Lie Reference Goebbels

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    Re: America's Fed Up: Obama Approval Rating Hits All-Time Low, Poll Shows [W:256]

    Quote Originally Posted by eohrnberger View Post
    You mean the one caused by many people, some of which were congressmen that insisted on F&F to increase their exposure and purchasing of toxic subprime mortgages? That one?
    Yes, when bad things happen while a repub is president, it's the fault of many people; When bad things happen while a dem is president, it's the president's fault.
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    Re: America's Fed Up: Obama Approval Rating Hits All-Time Low, Poll Shows [W:256]

    Quote Originally Posted by sangha View Post
    Yes, when bad things happen while a repub is president, it's the fault of many people; When bad things happen while a dem is president, it's the president's fault.
    No, not really, in either case.

    The mortgage bubble was a clear case of the former, and not the latter, although many who take a ridiculously narrow perspective I'm sure would disagree.
    Disinformation campaign? The Russian collusion meme pushed by the 'news' media, behaving as a political propaganda organ, hell bent to destroy a legitimately elected president to implement his agenda per the votes of the same electorate. Reference The Big Lie Reference Goebbels

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    Re: America's Fed Up: Obama Approval Rating Hits All-Time Low, Poll Shows [W:256]

    Quote Originally Posted by sangha View Post
    Yes, when bad things happen while a repub is president, it's the fault of many people; When bad things happen while a dem is president, it's the president's fault.
    Do you really not see the projection in your statement here? Change "repub" to "dem" and vice versa and you have your mindset.
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    Re: America's Fed Up: Obama Approval Rating Hits All-Time Low, Poll Shows [W:256]

    Quote Originally Posted by Conservative View Post
    I lived and worked during both and there is no comparison between this one and the double dip of 81-82 especially when it comes to leadership or the lack of it during this one.
    Considering your failure to grasp even the most basics notions of business, you probably aren't even working now. Unlikely you're even old enough to hold such a job.

    Furthermore, the recession of the early 80s was largely due to Reagan's inflation war. That is easily fixed compared to a financial crisis which historically takes between 4 and 6 years to recover from. An interest hike war on inflation can be slowed by putting pressure on the Fed, which Reagan did. A financial global crisis cannot be solved easily by any one man.

    Some of us actually understand the topics and see right through you.
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    Re: America's Fed Up: Obama Approval Rating Hits All-Time Low, Poll Shows [W:256]

    Quote Originally Posted by eohrnberger View Post
    You mean the one caused by many people, some of which were congressmen that insisted on F&F to increase their exposure and purchasing of toxic subprime mortgages? That one?
    Not to mention an Administration policy to dismantle every obstacle to home ownership it could. There were many architects of this disaster.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: America's Fed Up: Obama Approval Rating Hits All-Time Low, Poll Shows [W:256]

    Quote Originally Posted by obvious Child View Post
    Not to mention an Administration policy to dismantle every obstacle to home ownership it could. There were many architects of this disaster.
    Yes, there were many architects of this disaster.

    Although, generally speaking, home ownership is a good thing, as long as the owners can afford the mortgage they negotiated for. When they can't, or end up not being able to, it does get pretty ugly pretty quickly.
    Last edited by eohrnberger; 08-17-14 at 12:36 AM.
    Disinformation campaign? The Russian collusion meme pushed by the 'news' media, behaving as a political propaganda organ, hell bent to destroy a legitimately elected president to implement his agenda per the votes of the same electorate. Reference The Big Lie Reference Goebbels

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    Re: America's Fed Up: Obama Approval Rating Hits All-Time Low, Poll Shows [W:256]

    Quote Originally Posted by obvious Child View Post
    Not to mention an Administration policy to dismantle every obstacle to home ownership it could. There were many architects of this disaster.

    In 1993 Homeowner-ship rates were 63 percent.

    By 2000 they rose to 68 percent.

    Under Bush they rose another 1 percent and only a fraction of that 1 percent was subprime.

    Its clear the damage had been done before he stepped into office.

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    Re: America's Fed Up: Obama Approval Rating Hits All-Time Low, Poll Shows [W:256]

    Quote Originally Posted by Fenton View Post
    In 1993 Homeowner-ship rates were 63 percent.

    By 2000 they rose to 68 percent.

    Under Bush they rose another 1 percent and only a fraction of that 1 percent was subprime.

    Its clear the damage had been done before he stepped into office.
    Hard to imagine how less 1% of 1% of mortgages could have possibly caused all that financial chaos. Something in addition to that must have been going on to make the bubble that huge.
    Disinformation campaign? The Russian collusion meme pushed by the 'news' media, behaving as a political propaganda organ, hell bent to destroy a legitimately elected president to implement his agenda per the votes of the same electorate. Reference The Big Lie Reference Goebbels

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    Re: America's Fed Up: Obama Approval Rating Hits All-Time Low, Poll Shows [W:256]

    Quote Originally Posted by Fenton View Post
    In 1993 Homeowner-ship rates were 63 percent.

    By 2000 they rose to 68 percent.

    Under Bush they rose another 1 percent and only a fraction of that 1 percent was subprime.

    Its clear the damage had been done before he stepped into office.
    If that was so...why didn't the housing market collapse before that?

    You do realize you only need a fraction of houses with mortgages to go under before the securitization of those mortgages starts sending financial instruments into a domino right? With the push for reduced obstacles to home ownership along with bad policies towards F&F, that set the blocks for what really screwed us.

    Honestly, I don't think the problem itself was the bad loans. It was how Wall Street repackaged the securities under those loans that did us in along with the totally fraudulent rating systems. Bad loans were an issue, but housing itself as a total percent of the GDP is not enough to cause that level of damage.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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