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Obama announces his Candidacy for 2012.

megaprogman said:
Perhaps he never realized you asked one since he is too busy having a conversation with himself.
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Perhaps. More likely is the fact that he doesn't realize I know the answer to the question and I am asking him to do a hypocrisy check. Probably why he's avoiding it.
 
Conservative said:
... I do give it credit, credit for creating more unemployment than when Obama took office, creating more debt, bailing out union pension funds, and doing nothing to put 15 million unemployed back to work.
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Now you're arguing with yourself. In another post, you said that ARRA created or saved 3.5 million jobs.
 
Sheik Yerbuti said:
Now you're arguing with yourself. In another post, you said that ARRA created or saved 3.5 million jobs.
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Didn't make that claim at all, reported CBO numbers, you really need to pay attention. CBO provided the report on February 24, 2011 based upon information given them by the Administration. You really need to learn how to research for yourself.
 
Conservative said:
As I stated I blamed both Bush and the Congress for the recession, you obviously ignored that so have a good night, I am not going to fight with a moderator.
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BS....you haven't recognized 1 ounce of responsibility on GWB for creating the mess he did. All you ever do is attempt to deflect and deny...even calling GWB an economic genius.
 
well, at least they quit running against bush

now they're campaigning against FORUMS MEMBERS

LOL!

more mature americans, meanwhile, will be mesmerized by matters more germane---libya, afghanistan, gas prices, inflation, housing, debt, unemployment, obamacare, cap and trade, energy, drilling, immigration, the cartels, iran, the middle east, transparency...

and all the president's pusillanimous PUNTS

party on, personality prone progressives

seeya at the polls
 
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Conservative said:
Didn't make that claim at all, reported CBO numbers, you really need to pay attention. CBO provided the report on February 24, 2011 based upon information given them by the Administration. You really need to learn how to research for yourself.
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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.
 
Conservative said:
I have always said that Bush created TARP but it seems that Obama has a hard time giving him credit for TARP keeping us from a great depression as economists have stated. That is the point. I could say that TARP saved us but no one here would buy it but economists saying it makes it more credible to some. Some however still believe that the American Recovery and Reinvestment Act should get credit and I do give it credit, credit for creating more unemployment than when Obama took office, creating more debt, bailing out union pension funds, and doing nothing to put 15 million unemployed back to work. The recession ended according to NBER in June 2009 meaning that recovery began before that thus meaning that Obama had little impact on creating that recovery. It took time for Obama spending to hit the economy and there is no way that enough money was spent in 90 days to turn the economy around yet Obama takes credit for spending us towards bankruptcy. Combining TARP and ARRA together is puting oil and water together, they don't mix.
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One final comment then I'm done with this thread...

I wouldn't have condemned you had you admitted long ago that Bush initiated TARP. I think it did more to stave off another depression than the ARRA. To that, I give Bush credit here because he took a bold step that clearly was unpopular with his political base, but it was necessary and the right thing to do. But I still have to give the Obama Administration credit as well for restructuring TARP to ensure the taxpayers were paid back as much of the TARP funds as possible.

As to the ARRA, I don't think it had as negative an impact on the economy as you've outlined above. It could've been stronger (more money and perhaps its objectives more targetted towards the States), but that's water under the bridge now.
 
disneydude said:
BS....you haven't recognized 1 ounce of responsibility on GWB for creating the mess he did. All you ever do is attempt to deflect and deny...even calling GWB an economic genius.
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One thing for sure you will never be called an economic genius let alone a credible poster who ignores anything that contradicts your point of view. Like all liberals you place blame but never accept responsibility. What economic policy did GW Bush implement that caused the financial crisis? Did he implement the Community Reinvestment Act? Did he weaken oversight in 1993? Did he sign the repeal of Glass Steagall in 2000? So I await another brilliant response from my friend from the bankrupt state of California
 
Sheik Yerbuti said:
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.
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It really is hard dealing with kids who think they know it all. Do I need to type slower for you? I didn't make the claim, CBO made the claim and CBO always gets their information from the Congress or the Administration. Not sure how to make that clearer for you because some people just don't want to admit how wrong they are.
 
Conservative said:
One thing for sure you will never be called an economic genius let alone a credible poster who ignores anything that contradicts your point of view. Like all liberals you place blame but never accept responsibility. What economic policy did GW Bush implement that caused the financial crisis? Did he implement the Community Reinvestment Act? Did he weaken oversight in 1993? Did he sign the repeal of Glass Steagall in 2000? So I await another brilliant response from my friend from the bankrupt state of California
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Bush thinks it was Republican policies, what reason do we have to doubt him?

"Thanks to our policies, home ownership in America is at an all- time high." ~ George Bush, 9.24.2004, to fellow Republicans.​
 
Objective Voice said:
One final comment then I'm done with this thread...

I wouldn't have condemned you had you admitted long ago that Bush initiated TARP. I think it did more to stave off another depression than the ARRA. To that, I give Bush credit here because he took a bold step that clearly was unpopular with his political base, but it was necessary and the right thing to do. But I still have to give the Obama Administration credit as well for restructuring TARP to ensure the taxpayers were paid back as much of the TARP funds as possible.

As to the ARRA, I don't think it had as negative an impact on the economy as you've outlined above. It could've been stronger (more money and perhaps its objectives more targetted towards the States), but that's water under the bridge now.
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Thanks for the response and I apologize if I wasn't clearer on TARP but I have always stated that Bush implemented TARP and that I was against it. Guess I didn't do that early enough on this thread. I really would like to know where the repayment of TARP went because it sure hasn't been used to lower the deficit.

My problem with the ARRA was the focus on saving pension funds and teacher's jobs. None of that was for shovel ready jobs as the Stimulus was supposed to do. Instead of creating jobs it was used by the states to shore up their finances and prevented them from making tough choices i.e. teachers which is a state, not Federal Responsibility.
 
Conservative said:
One thing for sure you will never be called an economic genius let alone a credible poster who ignores anything that contradicts your point of view. Like all liberals you place blame but never accept responsibility. What economic policy did GW Bush implement that caused the financial crisis? Did he implement the Community Reinvestment Act? Did he weaken oversight in 1993? Did he sign the repeal of Glass Steagall in 2000? So I await another brilliant response from my friend from the bankrupt state of California
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Predatory Lenders' Partner in Crime - washingtonpost.com

Several years ago, state attorneys general and others involved in consumer protection began to notice a marked increase in a range of predatory lending practices by mortgage lenders. Some were misrepresenting the terms of loans, making loans without regard to consumers' ability to repay, making loans with deceptive "teaser" rates that later ballooned astronomically, packing loans with undisclosed charges and fees, or even paying illegal kickbacks. These and other practices, we noticed, were having a devastating effect on home buyers. In addition, the widespread nature of these practices, if left unchecked, threatened our financial markets...
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Sheik Yerbuti said:
Bush thinks it was Republican policies, what reason do we have to doubt him?

"Thanks to our policies, home ownership in America is at an all- time high." ~ George Bush, 9.24.2004, to fellow Republicans.​
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Guess you have a problem answering the questions I raised. Are you saying that Home ownership wasn't at an all time high? What did Bush do to create the sub prime loans and selling homes to individuals who couldn't afford them?
 
Conservative said:
Guess you have a problem answering the questions I raised. Are you saying that Home ownership wasn't at an all time high? What did Bush do to create the sub prime loans and selling homes to individuals who couldn't afford them?
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see my post above yours
 
Conservative said:
It really is hard dealing with kids who think they know it all. Do I need to type slower for you? I didn't make the claim, CBO made the claim and CBO always gets their information from the Congress or the Administration. Not sure how to make that clearer for you because some people just don't want to admit how wrong they are.
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You're lying, the CBO never said the stimulus cost us $228,000 per job. Here's the link you gave, nowhere in there do they make such a claim.

Congressional Budget Office - Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from October 2010 Through December 2010
 
pbrauer said:
see my post above yours
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Saw your post and still wonder what that has to do with the questions I asked? You want so badly to believe it was Bush's fault when the fault lies with individuals, agencies including Freddie and Fannie.
 
Conservative said:
So what is your point? How did Freddie and Fannie affect the mortgage market and where was their oversight? What does this have to do with the thread topic.
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Bush tried to get Fannie and Freddie mac the number one culprits in the home mortgage meltdown reformed but the democrat controlled house and senate would hear none of it...and that most disgusting barney frank fought it like the mutt that he is
 
Conservative said:
Guess you have a problem answering the questions I raised.
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No, I let Bush answer it for me. He took credit for creating the highest home ownership of all time, yet for some reason, you think he''s not responsible for the collapse that resulted.

Conservative said:
Are you saying that Home ownership wasn't at an all time high?
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Didn't say that.

Conservative said:
What did Bush do to create the sub prime loans and selling homes to individuals who couldn't afford them?
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Bush Minority Homeownership Plan Rests Heavily on Fannie and Freddie

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.

Instead, most of the heavy lifting was assigned to two mortgage market players that have sometimes come under fire from Bush administration officials and Congressional Republicans: Fannie Mae and Freddie Mac.

Fannie's and Freddie's commitments are the bedrock core of the President's ambitious plans--but didn't get the headlines. Fannie Mae agreed to increase its already substantial lending efforts to minority families by targeting another $260 billion of mortgage purchases to them during the next nine years. Freddie Mac agreed to buy an additional $180 billion in minority-household home loans during the same period.

Both corporations also announced specific plans to increase home purchases by African-Americans, Hispanics and immigrants. Fannie Mae, for example, pledged to create an entirely new mortgage product “designed to meet the unique needs of New Americans.” The new loan concept would include underwriting changes that remove some of the common barriers immigrants encounter here--denial of credit because of inadequate or short credit histories, reliance on communal funds for downpayment money, and language and cultural issues. Fannie also promised to establish 100 “outreach partnerships” with predominantly-minority churches, mosques and “other faith-based institutions” to fund mortgages for their congregations.

Besides its $180 billion mortgage purchase commitment, Freddie Mac gave President Bush a promise to implement a 25-point program aimed at increasing minority homeownership. Some of the points were cutting-edge. For example, as part of an effort to remove the fear of financial loss from first-time minority home buyers, Freddie committed itself to “explor(e) the viability of equity assurance products to protect home values in economically distressed areas.”
 
Conservative said:
What was the cost of the Stimulus, how many jobs did the Administration claim it created or saved? All that is in the document. Now figure it out.
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And you posted that number as being $228,000. That's what you believe each job cost us. That equates to 3.5 million jobs.
 
Sheik Yerbuti said:
No, I let Bush answer it for me. He took credit for creating the highest home ownership of all time, yet for some reason, you think he''s not responsible for the collapse that resulted.


Didn't say that.


Bush Minority Homeownership Plan Rests Heavily on Fannie and Freddie

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.

Instead, most of the heavy lifting was assigned to two mortgage market players that have sometimes come under fire from Bush administration officials and Congressional Republicans: Fannie Mae and Freddie Mac.

Fannie's and Freddie's commitments are the bedrock core of the President's ambitious plans--but didn't get the headlines. Fannie Mae agreed to increase its already substantial lending efforts to minority families by targeting another $260 billion of mortgage purchases to them during the next nine years. Freddie Mac agreed to buy an additional $180 billion in minority-household home loans during the same period.

Both corporations also announced specific plans to increase home purchases by African-Americans, Hispanics and immigrants. Fannie Mae, for example, pledged to create an entirely new mortgage product “designed to meet the unique needs of New Americans.” The new loan concept would include underwriting changes that remove some of the common barriers immigrants encounter here--denial of credit because of inadequate or short credit histories, reliance on communal funds for downpayment money, and language and cultural issues. Fannie also promised to establish 100 “outreach partnerships” with predominantly-minority churches, mosques and “other faith-based institutions” to fund mortgages for their congregations.

Besides its $180 billion mortgage purchase commitment, Freddie Mac gave President Bush a promise to implement a 25-point program aimed at increasing minority homeownership. Some of the points were cutting-edge. For example, as part of an effort to remove the fear of financial loss from first-time minority home buyers, Freddie committed itself to “explor(e) the viability of equity assurance products to protect home values in economically distressed areas.”
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Congratulations you have once again derailed a thread by bringing up the past that has nothing to do with the thread topic or the Obama economic results. Your hatred of GW Bush is nothing more than a sickness that needs to be treated, seek help. It certainly does divert from the Obama record which I am sure is your intent. If you want to address the Obama record, great, I will be happy to continue with you, if not, then you are going on ignore before I get another infraction for saying something I will be sorry for.
 
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