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Thread: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    no matter whose fault it is, we know who's gonna take the blame in 2012

    heck, we know who's gonna take it in november

    it's all so UNFAIR

    LOL!

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    For those who are interested in gaining insight into the recent financial crisis, two sources that one can reference are:

    Chapter 1 of Robert Shiller's The Subprime Crisis

    Katalina Bianco's The Subprime Lending Crisis

    Be forewarned, credible academic sources do not portray the crisis as primarily a matter of partisan politics.

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by USA-1 View Post
    No, Bush encouraged banks to make risky loans.
    So did the CRA, so did the low income housing credits to Fannie Mae and Freddy Mac. Are you honestly sitting here and telling me that the Democrats were opposed to subprime loans for low income households? Spare me. This is the Democrats economy now and has been since at least TARP.

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by Agent Ferris View Post
    So did the CRA, so did the low income housing credits to Fannie Mae and Freddy Mac. Are you honestly sitting here and telling me that the Democrats were opposed to subprime loans for low income households? Spare me. This is the Democrats economy now and has been since at least TARP.
    "In my judgment, the origination of subprime mortgages -- as opposed to the rise in global demand for securitized subprime-mortgage interests -- was not a significant cause of the financial crisis,"
    Allan Greenspan 2008

    http://www.marketwatch.com/story/gre...fed-2010-04-07
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by donsutherland1 View Post
    credible academic sources do not portray the crisis as primarily a matter of partisan politics
    and GOOD for them!

    neither do cnn, the boston globe, bloomberg, business week, the ny times, the la times, the financial times of london, the associated press, politico, cbs, gmatv, reuters, cahealthonline.org, abc and the washington post

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by USA-1 View Post
    "In my judgment, the origination of subprime mortgages -- as opposed to the rise in global demand for securitized subprime-mortgage interests -- was not a significant cause of the financial crisis,"
    Allan Greenspan 2008

    Greenspan: Subprime loans did not cause crisis - MarketWatch
    So you've gone from asserting that the Subprime loans led to the housing crash due to Bush's actions to asserting that they played no roll at all. So are you now asserting that it was Greenspan lowering the interest rate to 1% that alone caused the housing crisis? Well then guess what, if that's your assertion, the reason why the interest rates were dropped was due to the Clinton recession which began in his last year.

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by Agent Ferris View Post
    So you've gone from asserting that the Subprime loans led to the housing crash due to Bush's actions to asserting that they played no roll at all. So are you now asserting that it was Greenspan lowering the interest rate to 1% that alone caused the housing crisis? Well then guess what, if that's your assertion, the reason why the interest rates were dropped was due to the Clinton recession which began in his last year.
    The recession did not begin in Clintons last year it began in Bush's term

    Not that the conditions for that recession were formed during the Bush admin of course
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by Agent Ferris View Post
    So you've gone from asserting that the Subprime loans led to the housing crash due to Bush's actions to asserting that they played no roll at all. So are you now asserting that it was Greenspan lowering the interest rate to 1% that alone caused the housing crisis? Well then guess what, if that's your assertion, the reason why the interest rates were dropped was due to the Clinton recession which began in his last year.
    The housing boom could not have happened without low interest rates and Bush pushing homes for everyone. Were you awake the last decade? Didn't you notice all the houses being built and everyone you knew buying a house? It was a feeding frenzy. Everyone wanted to get into a home before interest rates went up.
    As your boy Greenspan said subprime did not cause the collapse of the housing sector.
    "In my judgment, the origination of subprime mortgages -- as opposed to the rise in global demand for securitized subprime-mortgage interests -- was not a significant cause of the financial crisis,"
    Allan Greenspan 2008

    The recession began half way through 2001, not during Clinton's term. You guys really do make up your own history, don't you. I suppose 9/11 occurred during Clinton's term, too.

    Greenspan and Bush tried to use the housing sector to pull us out of the recession and it had disasterous results. We may never recover.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    historically, the argument is open to dispute---what caused this

    POLITICALLY, there is none---who FAILED to fix it

    history is for academics

    politics, on the other hand, is IN THE GUT

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by The Prof View Post
    historically, the argument is open to dispute---what caused this

    POLITICALLY, there is none---who FAILED to fix it

    history is for academics

    politics, on the other hand, is IN THE GUT
    So you blame the guy that's trying to fix it more than the guy that caused it?

    Typical.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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