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Thread: CNN poll: 52% say Obama doesn't deserve reelection in 2012

  1. #221
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    Re: CNN poll: 52% say Obama doesn't deserve reelection in 2012

    Quote Originally Posted by USA-1 View Post
    He can't. Because it didn't happen. Neo-cons are great are writing their own history.
    Chew on this history.... The interest rates were dropping dramatically BEFORE Carter even took office, then rose dramatically during his presidency. As I already said, after Carter lost the 1980 election, Volcker was able to tighten the money supply, which Carter hadn't allowed. The interest rates then dropped throughout the Reagan presidency.


    File:Federal Funds Rate 1954 thru 2009 effective.svg - Wikipedia, the free encyclopedia

    I'm still waiting on the apology you owe me.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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    Re: CNN poll: 52% say Obama doesn't deserve reelection in 2012

    or possibly YOU could apologize to me.....the prime rate is not equivalent to a mortgage rate:

    Primary Mortgage Market Survey Archives - 30 Year Fixed Rate Mortgages - Freddie Mac

    in 1980, the year in question, rates were not at 20%. and, as a matter of fact, the rates were higher in 1984 than they were in 1980. thanks.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: CNN poll: 52% say Obama doesn't deserve reelection in 2012

    Quote Originally Posted by Gill View Post
    Chew on this history.... The interest rates were dropping dramatically BEFORE Carter even took office, then rose dramatically during his presidency. As I already said, after Carter lost the 1980 election, Volcker was able to tighten the money supply, which Carter hadn't allowed. The interest rates then dropped throughout the Reagan presidency.


    File:Federal Funds Rate 1954 thru 2009 effective.svg - Wikipedia, the free encyclopedia

    I'm still waiting on the apology you owe me.
    The president has absolutely nothing to do with interest rates, anyway.
    I suppose you blamed the high gas prices on Carter, too.
    "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

  4. #224
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    Re: CNN poll: 52% say Obama doesn't deserve reelection in 2012

    Quote Originally Posted by liblady View Post
    or possibly YOU could apologize to me.....the prime rate is not equivalent to a mortgage rate:

    Primary Mortgage Market Survey Archives - 30 Year Fixed Rate Mortgages - Freddie Mac

    in 1980, the year in question, rates were not at 20%. and, as a matter of fact, the rates were higher in 1984 than they were in 1980. thanks.
    You actually think that banks loaned money for mortgages at a lower interest rate than they had to pay for it????

    Please tell me you are not serious. Banks don't typically loan money at a loss, at least not in the real world.


    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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    Re: CNN poll: 52% say Obama doesn't deserve reelection in 2012

    Quote Originally Posted by Gill View Post
    You actually think that banks loaned money for mortgages at a lower interest rate than they had to pay for it????

    Please tell me you are not serious. Banks don't typically loan money at a loss, at least not in the real world.

    Banks did not charge 20% for mortgages in the 70s. Period. The Fed funds rate peaked close to 20% but it was short lived and banks don't pay that rate for all their money anyway. They get most of their money from depositors.
    Last edited by USA_1; 02-25-10 at 03:29 PM.
    "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: CNN poll: 52% say Obama doesn't deserve reelection in 2012

    Do you know what mortgage rates are? It's hard to debate ignorance.
    "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: CNN poll: 52% say Obama doesn't deserve reelection in 2012

    Quote Originally Posted by USA-1 View Post
    The president has absolutely nothing to do with interest rates, anyway.
    I suppose you blamed the high gas prices on Carter, too.
    You need to take your liberal blinders off and read some economics and history. I don't have time to take you by the hand and teach you basics of how the Federal Reserve, the president, and the economy are intertwined. You actually believe that the Fed Chairman is not influenced by the president that appointed him and the Fed's Board of Governors???

    There's a word for that.... naivete


    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





  8. #228
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    Re: CNN poll: 52% say Obama doesn't deserve reelection in 2012

    Quote Originally Posted by USA-1 View Post
    It's hard to debate ignorance.
    That's the first correct thing you've said....

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





  9. #229
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    Re: CNN poll: 52% say Obama doesn't deserve reelection in 2012

    Quote Originally Posted by Gill View Post
    You need to take your liberal blinders off and read some economics and history. I don't have time to take you by the hand and teach you basics of how the Federal Reserve, the president, and the economy are intertwined. You actually believe that the Fed Chairman is not influenced by the president that appointed him and the Fed's Board of Governors???

    There's a word for that.... naivete

    The president does not set interest rates. Talk about naive.
    The head of the FED is independent of government. He is appointed just like judges but once in office he answers to no one.
    "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: CNN poll: 52% say Obama doesn't deserve reelection in 2012

    Quote Originally Posted by Gill View Post
    That's the first correct thing you've said....
    When you learn the difference between mortgage rates and Fed funds rate come on back.
    You are embarrassing by claiming you had to pay 20% for a mortgage.
    "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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