U.S. Jobless Rate Unexpectedly Declines to 8.6%

Sheik Yerbuti · Dec 7, 2011

Grant said:
You ignored the video I sent because it was "Right Wing" but had you taken a couple of minutes you would have seen the record where the Republicans voted along party lines to reform the mortgage system while the Democrats, again along party lines, refused reform.

That bill passed in committee because Republicans ran the Senate ... that bill also never made it to the Senate floor for a full vote because Republicans ran the Senate.

Grant · Dec 7, 2011

AdamT said:
The problem with that theory is that a reform measure actually passed in the House, in bipartisan fashion, with the help of Barney Frank, but was killed in the Senate due to opposition by the Bush administration and Greenspan. And that is according to Mike Oxley, who was the Republican Congressman who shepherded the bill throught the House.

I see nothing by Mike Oxley but here are a couple of reprints from the NY Times concerning what was happening during that critical period.

Bush and McCain each tried to reform Fannie Mae. Democrats Blocked them both times. « American Elephants

Boo Radley · Dec 7, 2011

Grant said:
I see nothing by Mike Oxley but here are a couple of reprints from the NY Times concerning what was happening during that critical period.

Bush and McCain each tried to reform Fannie Mae. Democrats Blocked them both times. « American Elephants

Just did a search:

In fact, Rep. Barney Frank (D-MA), chairman of the Financial Services Committee, and his predecessor, Rep. Michael Oxley (R-OH) made efforts to enhance regulatory oversight on Fannie Mae and Freddie Mac, including the Federal Housing Finance Reform Act of 2005 and sponsoring the Federal Housing Finance Reform Act of 2007. Both of these bills called for a new agency to oversee and regulate Fannie Mae and Freddie Mac.

How Did This Happen? » Myths and Facts about the Financial Crisis

http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=109_cong_reports&docid=f:hr171p1.109.pdf

the Federal Housing Finance Reform Act to create a world-class regulator for Fannie Mae and Freddie Mac;

Baker Hostetler | Find Lawyers | Michael G. Oxley

In 2009 Frank responded to what he called "wholly inaccurate efforts by Republicans to blame Democrats, and [me] in particular" for the subprime mortgage crisis, which is linked to the financial crisis of 2007–2009.[49] He outlined his efforts to reform these institutions and add regulations, but met resistance from Republicans, with the main exception being a bill with Republican Mike Oxley that died because of opposition from President Bush.[49]

Barney Frank - Wikipedia, the free encyclopedia

Just the first few links. There is more. Seek which one works for you.

Grant · Dec 7, 2011

Boo Radley said:
Just did a search:

In fact, Rep. Barney Frank (D-MA), chairman of the Financial Services Committee, and his predecessor, Rep. Michael Oxley (R-OH) made efforts to enhance regulatory oversight on Fannie Mae and Freddie Mac, including the Federal Housing Finance Reform Act of 2005 and sponsoring the Federal Housing Finance Reform Act of 2007. Both of these bills called for a new agency to oversee and regulate Fannie Mae and Freddie Mac.

How Did This Happen? » Myths and Facts about the Financial Crisis

http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=109_cong_reports&docid=f:hr171p1.109.pdf

the Federal Housing Finance Reform Act to create a world-class regulator for Fannie Mae and Freddie Mac;

Baker Hostetler | Find Lawyers | Michael G. Oxley

In 2009 Frank responded to what he called "wholly inaccurate efforts by Republicans to blame Democrats, and [me] in particular" for the subprime mortgage crisis, which is linked to the financial crisis of 2007–2009.[49] He outlined his efforts to reform these institutions and add regulations, but met resistance from Republicans, with the main exception being a bill with Republican Mike Oxley that died because of opposition from President Bush.[49]

Barney Frank - Wikipedia, the free encyclopedia

Just the first few links. There is more. Seek which one works for you.

Barney Frank tried to reform Freddy Man and Fanny Mae?

The man is prescient..

AdamT · Dec 7, 2011

Grant said:
I see nothing by Mike Oxley but here are a couple of reprints from the NY Times concerning what was happening during that critical period.

Bush and McCain each tried to reform Fannie Mae. Democrats Blocked them both times. « American Elephants

Try this one: FT.com / UK - Oxley hits back at ideologues

He fumes about the criticism of his House colleagues. “All the handwringing and bedwetting is going on without remembering how the House stepped up on this,” he says. “What did we get from the White House? We got a one-finger salute.”

Conservative · Dec 7, 2011

Grant said:
Barney Frank tried to reform Freddy Man and Fanny Mae?

The man is prescient..

Liberals are doing a great job of diverting from the Obama record by focusing on the past. What happened during the housing crisis hasn't been improved today and in fact foreclosures continue, more people are under water, banks aren't lending, more people are on food stamps, more people in poverty so no wonder Obama supporters want to ignore what is going on right now

Grant · Dec 7, 2011

AdamT said:
Try this one: FT.com / UK - Oxley hits back at ideologues

Couldn't access the link but that´s okay, thanks. If you feel that the Republicans were guilty for what eventually happened to Fanny Mac and Fanny Mae and the resultant housing crisis then I doubt i can persuade you otherwise. It´s all your tax dollars at work.

AdamT · Dec 7, 2011

Conservative said:
Liberals are doing a great job of diverting from the Obama record by focusing on the past. What happened during the housing crisis hasn't been improved today and in fact foreclosures continue, more people are under water, banks aren't lending, more people are on food stamps, more people in poverty so no wonder Obama supporters want to ignore what is going on right now

Yeah, let's stop looking backwards when it makes your side like like incompetent ****s. :lol:

Let's focus on today's headlines instead:

Global Poll Predicts U.S. Economy Rebounding - Bloomberg

U.S. Consumer Credit Increases to 2-Year High - Bloomberg

Tax Inflow Shows Consumers in U.S. May Spend More Than Estimated: Economy - Bloomberg

Conservative · Dec 7, 2011

AdamT said:
Yeah, let's stop looking backwards when it makes your side like like incompetent ****s. :lol:

Let's focus on today's headlines instead:

Global Poll Predicts U.S. Economy Rebounding - Bloomberg

U.S. Consumer Credit Increases to 2-Year High - Bloomberg

Tax Inflow Shows Consumers in U.S. May Spend More Than Estimated: Economy - Bloomberg

Adam, "your" President is an embarrassment. you post polls and article that prop up the class warfare President while ignoring the class warfare President's actual results. Let me know when these numbers change?

24 million unemployed or under employed Americans in 2011(bls.gov)154.1 X 15.6% Top Picks (Most Requested Statistics) : U.S. Bureau of Labor Statistics : U.S. Bureau of Labor Statistics

14.4 million unemployed PLUS Discouraged workers Top Picks (Most Requested Statistics) : U.S. Bureau of Labor Statistics : U.S. Bureau of Labor Statistics

2.2 million fewer jobs(bls.gov) Notice: Data not available: U.S. Bureau of Labor Statistics ln : U.S. Bureau of Labor Statistics

4.4 trillion added to the debt in less than 3 years(U.S. Treasury Site) Government - Historical Debt Outstanding – Annual Government - Debt to the Penny (Daily History Search Application)

1/21/2009 6,307,084,792,840.85 4,317,968,751,468.94 10,625,053,544,309.70

11/22/2011 10,326,530,350,389.40 4,721,461,154,539.92 15,047,991,504,929.30

Down grade of U.S. Credit rating(S&P)

Rising Misery index 7.83 to 12.53 The United States Misery Index By Year

38-44% JAR and well over 50-55% disapproval ratings(Gallup)
Gallup Daily: Obama Job Approval

US Poverty Hits Record High: 1 in 6 Americans Living Below Poverty Line | Economy Watch
Report: Poverty hits record level - MJ Lee - POLITICO.com

“Fast and Furious”, “Wide Receiver”

Solyndra, Fisker, and Crony Capitalism Jobs Panel Member Whose Solar Firm Won Loan Guarantees Raises 'Conflict Of Interest' Concerns | Fox News

Solyndra solar power company shuts down 15 months after Obama visit
http://www.thehalsreport.com/2011/09/green-jobs-fail-to-take-hold-in-the-u-s/

The Tonopah Solar company in Harry Reid's Nevada is getting a $737 million loan from Obama's DOE.
The project will produce a 110 megawatt power system and employ 45 permanent workers.
That's costing us just $16 million per job.

One of the investment partners in this endeavor is Pacific Corporate Group (PCG).
The PCG executive director is Ron Pelosi who is the brother of Nancy's husband.
But there is nothing wrong here, is there?

U.S. Bridges, Roads Being Built by Chinese Firms | Video - ABC News
U.S. Bridges, Roads Being Built by Chinese Firms | Video - ABC News

Stimulus failure

Review & Outlook:Why the Stimulus Failed - WSJ.com

AdamT · Dec 7, 2011

There's the brain dump again. :lol:

Dittohead not! · Dec 7, 2011

StillBallin75 said:
Half of this country wishes Jesus would come back and be President anyways.

There's a Jesus Gomez who lives just down the street. Should I ask him?

Grant · Dec 7, 2011

Conservative said:
Liberals are doing a great job of diverting from the Obama record by focusing on the past. What happened during the housing crisis hasn't been improved today and in fact foreclosures continue, more people are under water, banks aren't lending, more people are on food stamps, more people in poverty so no wonder Obama supporters want to ignore what is going on right now

I´m one of those foreigners who was considering buying a property in the SE US but have changed my mind. It says something about the confidence of the US leadership that even at these prices there are still few buyers. Im in Central America at the moment and property prices have more stability here, with Americans being among the buyers.

People can believe whatever they want but when their own money is on the line they can do a 180 rather quickly. I´m looking forward to America making a comeback to the point where reality trumps ideology. I certainly hope it´s not too late as Americans have always been great friends and neighbors.

Conservative · Dec 7, 2011

Grant said:
I´m one of those foreigners who was considering buying a property in the SE US but have changed my mind. It says something about the confidence of the US leadership that even at these prices there are still few buyers. Im in Central America at the moment and property prices have more stability here, with Americans being among the buyers.

People can believe whatever they want but when their own money is on the line they can do a 180 rather quickly. I´m looking forward to America making a comeback to the point where reality trumps ideology. I certainly hope it´s not too late as Americans have always been great friends and neighbors.

It is going to be a terrible 2012 as this will be the nastiest Presidential election in history and yet one of the most important. Obama laid out his basic platform yesterday which is based upon class warfare, redistribution of wealth, and demonization of individual wealth creation. There are a lot of Americans that believe that bs and thus if Obama wins the backlash from these people is going to be disastrous and if Obama wins the country loses with total conversion to the European socialist model that has failed and is a failure. Too many socialist/marxists here now and I am just glad I live in TX.

AdamT · Dec 7, 2011

Grant said:
I´m one of those foreigners who was considering buying a property in the SE US but have changed my mind. It says something about the confidence of the US leadership that even at these prices there are still few buyers. Im in Central America at the moment and property prices have more stability here, with Americans being among the buyers.

People can believe whatever they want but when their own money is on the line they can do a 180 rather quickly. I´m looking forward to America making a comeback to the point where reality trumps ideology. I certainly hope it´s not too late as Americans have always been great friends and neighbors.

There are people from SA buying up condos like hot cakes here in Miami. Better act fast!

"September sales of existing condominiums in Miami rose 58 percent year-over-year while sales of existing single-family homes increased 46 percent in the same time period. Prices were also on the rise in September. The average sales price for condominiums in Miami-Dade County increased 13 percent, from $187,185 in September 2010 to $211,455 last month while the average sales price for single-family homes increased 29.8 percent, from $264,602 in September 2010 to $343,497 in September 2011."

Miami Condo Sales Up 58% Year-Over-Year in September; Prices Rise | Miami Condos | Miami Real Estate

Donc · Dec 7, 2011

AdamT said:
There are people from SA buying up condos like hot cakes here in Miami. Better act fast!

"September sales of existing condominiums in Miami rose 58 percent year-over-year while sales of existing single-family homes increased 46 percent in the same time period. Prices were also on the rise in September. The average sales price for condominiums in Miami-Dade County increased 13 percent, from $187,185 in September 2010 to $211,455 last month while the average sales price for single-family homes increased 29.8 percent, from $264,602 in September 2010 to $343,497 in September 2011."

Miami Condo Sales Up 58% Year-Over-Year in September; Prices Rise | Miami Condos | Miami Real Estate

I sold mine in Corral Springs (off n. University dr.) in the spring of 06. Wonder what they are selling for now? I know I was lucky to have sold it when i did.

Grant · Dec 7, 2011

Conservative said:
It is going to be a terrible 2012 as this will be the nastiest Presidential election in history and yet one of the most important. Obama laid out his basic platform yesterday which is based upon class warfare, redistribution of wealth, and demonization of individual wealth creation. There are a lot of Americans that believe that bs and thus if Obama wins the backlash from these people is going to be disastrous and if Obama wins the country loses with total conversion to the European socialist model that has failed and is a failure. Too many socialist/marxists here now and I am just glad I live in TX.

Didn't Rick Perry once talk of secession?

That issue should be raised again. It seems that only greater state rights can keep the country together.

Grant · Dec 7, 2011

AdamT said:
There are people from SA buying up condos like hot cakes here in Miami. Better act fast!

"September sales of existing condominiums in Miami rose 58 percent year-over-year while sales of existing single-family homes increased 46 percent in the same time period. Prices were also on the rise in September. The average sales price for condominiums in Miami-Dade County increased 13 percent, from $187,185 in September 2010 to $211,455 last month while the average sales price for single-family homes increased 29.8 percent, from $264,602 in September 2010 to $343,497 in September 2011."

Miami Condo Sales Up 58% Year-Over-Year in September; Prices Rise | Miami Condos | Miami Real Estate

Thanks for the tip but I´ll still pass.

Conservative · Dec 7, 2011

Grant said:
Didn't Rick Perry once talk of secession?

That issue should be raised again. It seems that only greater state rights can keep the country together.

That was overblown and not serious. States rights is an issue though and the state of TX is doing great. Love living here, part time legislature, no state income taxes, conservative values, and personal responsibility respected.

Thunder · Dec 7, 2011

Grant said:
Didn't Rick Perry once talk of secession?....

he's welcome to leave this nation at any time.

Sheik Yerbuti · Dec 7, 2011

Grant said:
I´m one of those foreigners who was considering buying a property in the SE US but have changed my mind. It says something about the confidence of the US leadership that even at these prices there are still few buyers. Im in Central America at the moment and property prices have more stability here, with Americans being among the buyers.

People can believe whatever they want but when their own money is on the line they can do a 180 rather quickly. I´m looking forward to America making a comeback to the point where reality trumps ideology. I certainly hope it´s not too late as Americans have always been great friends and neighbors.

I've read a lot of crazy **** on these fora (especially by Birthers), but reading someone is basing real estate purchases based on who's running the country is one of the craziest. :roll:

Grant · Dec 7, 2011

Conservative said:
That was overblown and not serious. States rights is an issue though and the state of TX is doing great. Love living here, part time legislature, no state income taxes, conservative values, and personal responsibility respected.

Yes, I have some old friends living there for a long while and they feel just the same way. I asked the woman friend what she liked best about Texas and after a moment´s thought she said "The men are such gentlemen". They certainly agreed with the other points you raised. It seems like all of America was like that at one time, before the social experiments began.

Grant · Dec 7, 2011

Sheik Yerbuti said:
I've read a lot of crazy **** on these fora (especially by Birthers), but reading someone is basing real estate purchases based on who's running the country is one of the craziest. :roll:

I´ve made a fair amount of money in real estate development and government is always one of the factors but I don´t expect you to know that if. like Barrack Obama, you are not an experienced investor.

Conservative · Dec 7, 2011

Grant said:
I´ve made a fair amount of money in real estate development and government is always one of the factors but I don´t expect you to know that if. like Barrack Obama, you are not an experienced investor.

You will find a lot of Americans that really don't appreciate what they have and ignore people like you looking from the outside in. When they lose what they have then watch them complain. I value your opinion and all others from foreign countries that realize the opportunities here. Too bad liberals don't

Sheik Yerbuti · Dec 7, 2011

Grant said:
I´ve made a fair amount of money in real estate development and government is always one of the factors but I don´t expect you to know that if. like Barrack Obama, you are not an experienced investor.

Feigning experience you think you have over me doesn't make it any less crazy. :roll:

The Barbarian · Dec 7, 2011

Sheik Yerbuti said:
The housing bubble burst began in 2006... Democrats hadn't even taken over the Congress yet.

Record foreclosures hit mortgage lenders

Why do you think righties blame Barney Frank?

Because some of them are as big of political hacks as you ..... so I guess in your "opinion" the housing bubble didn't start until Bush took office .. and the housing bubble only existed from 2001 to 2006 ??

U.S. Jobless Rate Unexpectedly Declines to 8.6%

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