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Thread: Obama announces his Candidacy for 2012.

  1. #681
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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Conservative View Post

    Do you really believe that either party supported giving loans to people that didn't have the ability to pay them back? That is foolish although Democrats wanted the constituent group since liberals claim that Republicans are the party of big business and the rich.
    As usual, blinded by partisanship, you completely miss the point. I don't see anyone saying Democrats were on the right side of the issue. In fact, they were more wrong than Republicans. At least Republicans saw the need for oversight.

    But it was Republicans who were in charge. It was Republicans who chaired the committees. And it was Republicans who failed to get a bill out of committee to create the much needed oversight.

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Sheik Yerbuti View Post
    As usual, blinded by partisanship, you completely miss the point. I don't see anyone saying Democrats were on the right side of the issue. In fact, they were more wrong than Republicans. At least Republicans saw the need for oversight.

    But it was Republicans who were in charge. It was Republicans who chaired the committees. And it was Republicans who failed to get a bill out of committee to create the much needed oversight.
    And exactly what does that have to do with the thread topic?

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Sheik Yerbuti View Post
    Oh, my...
    President Bush's weekend campaign promise that he will push legislation allowing for no money down on some federally insured mortgages could cost taxpayers as much as $500 million over four years because of a higher rate of defaults, according to the Congressional Budget Office.

    The election-year idea may appeal to those who can't save as fast as home prices are rising. But some financial planners warn that increasingly common no- and low-down-payment programs can be ruinous for some consumers -- especially if home values decline.

    If housing prices fall, consumers with little or no money of their own invested in the home are more vulnerable to ending up with mortgages larger than the value of the house.

    And those who can't afford large down payments usually don't have enough savings to serve as a cushion if someone in the household gets sick or is laid off.
    And that was before the election, yet Conservative voted to give Bush another 4 years; which Bush used to wreck the economy with his homeownership plan. Those are the results Conservative voted for.
    Since obviously you believe I made a mistake in voting for Bush for a second term I would have expected you to learn from someone else's mistake and not make it by voting for Obama for a second term. Here are a couple of the reasons I voted for Bush, here are the GDP change by year along with the employment by year.

    GDP

    2000 9951.50 6.39%
    2001 10286.20 3.36%
    2002 10642.30 3.46%
    2003 11142.10 4.70%
    2004 11867.80 6.51%
    2005 12638.40 6.49%
    2006 13398.90 6.02%
    2007 14077.60 5.07%
    2008 14441.40 2.58%
    2009 14256.30 -1.28%
    2010 14657.8 2.82%

    Employment

    January numbers, employment total. Let me know when Obama gets employment back to the level it was when he took office.

    2000 136559
    2001 137778
    2002 135701
    2003 137417
    2004 138472
    2005 140245
    2006 143142
    2007 146032
    2008 146421
    Last edited by Conservative; 04-05-11 at 08:18 PM.

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by theplaydrive View Post
    Calling people "dumb" for disagreeing with your political ideology is an inability to respect people with different political ideologies - you shouldn't have said it if you can't own up to it.
    It is what it is dude, you should own up to the fact that you are backing, and continually making excuses for an empty suit. A non leader. A weak stick.

    He should have stuck to teaching in Chicago.

    j-mac
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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Sheik Yerbuti View Post
    Since you believe each job cost us $228,000, how on Earth do you deny that the stimulus saved or created 3.5 million jobs?

    Since you believe each job cost us $228,000, how on Earth do you deny that the stimulus saved or created 3.5 million jobs?
    I've even questioned Conservative a time or two when I disagreed with him. But in this case you are just flapping your jaws, to be flapping your jaws, with no substance behind anything you say.

    I'll try to break this down for you in simple terms, Conservative doesn't “believe” that there have been 3.5 million jobs created by the stimulus, and neither does anyone else that has half a brain. What he is saying is that “IF” you believe that 3.5 million jobs were saved, the cost of saving those jobs was $228,000 each.

    Yes, you made that claim. You claimed that the 787 billion dollar stimulus cost $228,000 per job. At $228,000 per job, that equates to almost 3.5 million jobs being created or saved. And as was proved by the link you provided for the CBO report you claim to have gotten that number from, the CBO never said anything about each job costing $228,000
    Maybe in your jaded thinking, the CBO didn't give this number, but they did, ask any 5th grader the question “ if you created or saved 3.5 million jobs, and spent $787 billion to save or create those jobs how much did each job cost"?

    If you can't understand where that number came from, then by all means, don't go on the show -Are you smarter then a 5th grader,- because you aren't!

    When President Bush announced his Minority Homeownership plans last week in Atlanta, his top priorities were new federal programs: a $2.4 billion tax credit to facilitate home purchases by lower-income first-time buyers, and a $200 million national downpayment grant fund.

    But none of the new federal programs--if passed by Congress--will come even close to achieving the 5.5 million-household increase in minority homeownership the President set as his target.
    While Bush may have been wrong for wanting to pass bills that would have allowed this, I'm not certain that he ever “did” get anything passed. At least I have found nothing stating that any of what you are stating ever did get passed. So while you are busy again blaming Bush for something, you seem intent on neglecting things like the Community Reinvestment Act and repeal of Glass Steagall in 2000? Both of which loosened restrictions on mortgage lending practices that were passed by Clinton, which was the beginning of the downfall of the crash of 2008. 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. In spite of all this, you far left liberals insist, that it's all Bush's fault.



    Originally Posted by pbrauer

    You asked: "What economic policy did GW Bush implement that caused the financial crisis?" His policy was to look the other way when the banks were screwing their customers.

    The CRA has nothing to do with the financial crisis; it never forced banks to make risky loans, just lower rates. And it only involved community banks.

    You know damn well Bush wanted to offer no down payment loans
    First off what Bush “may or may not” have wanted to do, has nothing to do with what he was able to do.

    Next when you say the CRA has nothing to do with the financial crisis you are stretching the truth, *The CRA is enforced by four federal government bureaucracies: the Fed, the Comptroller of the Currency, the Office of Thrift Supervision, and the Federal Deposit Insurance Corporation. The law is set up so that any bank merger, branch expansion, or new branch creation can be postponed or prohibited by any of these four bureaucracies if a CRA "protest" is issued by a "community group”

    Such groups include Neighborhood Assistance Corporation of America. Who boosted to the*New York Times*that they had "won" loan commitments totaling $3.8*billion*from Bank of America, First Union Corporation, and the Fleet Financial Group. And that is just one "community group" operating in one city — Boston.

    Other groups like ACORN"community groups" understand this perfectly well. It is their leverage. They use this leverage to get the banks to give*them*millions of dollars as well as promising to make a certain amount of bad loans in their communities.

    Now maybe in your liberal thinking, this isn't forcing a bank to make questionable loans, but when you can halt a banks expansion plans simply by forming a protest, if you don't agree to make these very same questionable loans, it can be considered "forcing" in the minds of those that think reasonably.
    The CRA most certainly can have some of the blame put upon them, for some of the lending practices that the banks adopted to keep any community group from protesting them.

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Sheik Yerbuti View Post
    You claimed that the 787 billion dollar stimulus cost $228,000 per job.
    well, no matter what your little adversary (LOL!) claimed, the RECOVERY ACT (the president doesn't call it a stim, anymore, nor does he refer to jobs "created or saved") was a LOSER

    Barack Obama's Stimulus Plan: Failing by Its Own Measure - TIME

    Just don't call it a 'stimulus' - Alexander Burns - POLITICO.com

    http://www.politico.com/news/stories/0910/41867.html

    remember in october when barack hussein admitted to the world that he'd only just learned THERE'S NO SUCH THING AS A SHOVEL READY JOB?

    Obama: "No Such Thing as Shovel-Ready Projects" - Political Hotsheet - CBS News

    LOL!

    not real bright, huh?

    have you noticed how he never anymore talks about OBAMACARE?

    or his #2 domestic "achievement," REG REFORM, which flies off its course to EXCLUDE the infamous f's, fannie and fred?

    why do you think that is?

    his opponents, in crying contrast, are EAGER to discuss em

    seeya at the polls, progressives

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by The Prof View Post
    or his #2 domestic "achievement," REG REFORM, which flies off its course to EXCLUDE the infamous f's, fannie and fred?

    why do you think that is?

    his opponents, in crying contrast, are EAGER to discuss em

    seeya at the polls, progressives
    "Congress created Fannie Mae and Freddie Mac decades ago as private-sector companies with an important public mission: to help ensure that lenders always have money available for home buyers. These government-sponsored enterprises (GSEs) have proven hugely successful in providing liquidity and innovation to the mortgage market. -- Jack Kemp

    So you want to advocate an economic plan that causes the mortgage market to collapse all the way...I think progressives can't wait to see you at the polls in that case!

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by The Barbarian View Post
    I've even questioned Conservative a time or two when I disagreed with him. But in this case you are just flapping your jaws, to be flapping your jaws, with no substance behind anything you say.

    I'll try to break this down for you in simple terms, Conservative doesn't “believe” that there have been 3.5 million jobs created by the stimulus, and neither does anyone else that has half a brain. What he is saying is that “IF” you believe that 3.5 million jobs were saved, the cost of saving those jobs was $228,000 each.



    Maybe in your jaded thinking, the CBO didn't give this number, but they did, ask any 5th grader the question “ if you created or saved 3.5 million jobs, and spent $787 billion to save or create those jobs how much did each job cost"?

    If you can't understand where that number came from, then by all means, don't go on the show -Are you smarter then a 5th grader,- because you aren't!



    While Bush may have been wrong for wanting to pass bills that would have allowed this, I'm not certain that he ever “did” get anything passed. At least I have found nothing stating that any of what you are stating ever did get passed. So while you are busy again blaming Bush for something, you seem intent on neglecting things like the Community Reinvestment Act and repeal of Glass Steagall in 2000? Both of which loosened restrictions on mortgage lending practices that were passed by Clinton, which was the beginning of the downfall of the crash of 2008. 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. In spite of all this, you far left liberals insist, that it's all Bush's fault.





    First off what Bush “may or may not” have wanted to do, has nothing to do with what he was able to do.

    Next when you say the CRA has nothing to do with the financial crisis you are stretching the truth, *The CRA is enforced by four federal government bureaucracies: the Fed, the Comptroller of the Currency, the Office of Thrift Supervision, and the Federal Deposit Insurance Corporation. The law is set up so that any bank merger, branch expansion, or new branch creation can be postponed or prohibited by any of these four bureaucracies if a CRA "protest" is issued by a "community group”

    Such groups include Neighborhood Assistance Corporation of America. Who boosted to the*New York Times*that they had "won" loan commitments totaling $3.8*billion*from Bank of America, First Union Corporation, and the Fleet Financial Group. And that is just one "community group" operating in one city — Boston.

    Other groups like ACORN"community groups" understand this perfectly well. It is their leverage. They use this leverage to get the banks to give*them*millions of dollars as well as promising to make a certain amount of bad loans in their communities.

    Now maybe in your liberal thinking, this isn't forcing a bank to make questionable loans, but when you can halt a banks expansion plans simply by forming a protest, if you don't agree to make these very same questionable loans, it can be considered "forcing" in the minds of those that think reasonably.
    The CRA most certainly can have some of the blame put upon them, for some of the lending practices that the banks adopted to keep any community group from protesting them.
    Thank you very much, outstanding post but probably will get ignored

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Sheik Yerbuti View Post
    I can't believe people net more than $250,000 a year will struggle to pay an extra $8,750.
    astonishing arrogance

    anyway, these guys disagree

    Obama Calls Tax Cuts the 'Right Thing to Do'

    At Obama's side, Clinton backs tax deal - Politics - White House - msnbc.com

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by rocket88 View Post
    These government-sponsored enterprises (GSEs) have proven hugely successful in providing liquidity and innovation to the mortgage market
    f & f have proved hugely successful?

    LOL!

    have fun running on that

    you can quote mr kemp, may he rip

    why doesn't OBAMA ever talk about his REG REFORM, let alone his stimu... err, RECOVERY ACT?

    or OBAMACARE?

    why does ANTHONY WEINER wanna WAIVER?

    why are the president's "supporters" so STUCK on george-w-what's-his-name, completely unable it appears to discuss barack hussein's RECORD?

    either way, more power to you

    WE'LL talk

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