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Strongest jobs recovery in decades.

Goldenboy219 said:
Financial deregulation was a bipartisan endeavor. No political party has clean hands regarding the current state of the economy.
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Democrat: FDR created the FHA, which engendered Fannie-Mae and Freddie-Mac. This is a direct violation of the US Constitution.

Democrat: Carter signed the CRA that required banks to give loan preference to members of the local community, irregardless of their ability to repay.

Democrat: Clinton signed CRA II, which allowed corrupt organizations to sue banks who were denying loans to (gasp!) people who couldn't pay them back.

Republican: US Senate passes bill eliminating Glass-Steagall.
Democrat: Clinton signs repeal of Glass-Steagall.

yeah, clearly the Republicans share EQUAL blame for the mess.
 
Grant said:
There's more here and it all dates back to 1977 during the Carter Administration. Coincidentally, BHO has frequently been compared to Jimmy Carter in recent months.
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The Grin has been coming out ahead in the comparisons.
 
Scarecrow Akhbar said:
The Grin has been coming out ahead in the comparisons.
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Well yes, but I was considering more what directly led to this housing crisis and its relation to the economy.

Yes, FDR changed the dynamics and while those programs mentioned contributed a lot to those bureaucracies which have grown out of proportion today, the deepest problem was the erosion of State Rights under his administration,

With those rights in place there would be less likelihood of "Obamacare" etc, unless the States explicitly wanted it.

To treat all 50 states the same with directives out of DC has eroded State Rights while created schisms in the country at the same time. Local governments now feel left out of the decision making process and resentments can only grow. This is not good for the world's leading democracy.
 
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Grant said:
Which parts are untrue, Pbrauer?
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Anybody who thinks low income people or the Community Reinvestment Act that has had world wide implications just doesn't know what they are talking about. Basically, the CRA was created to require community banks to offer lower interest rates to low income people. It didn't require the bank to make loans they thought were risky. As it turned out, loans under CRA performed better than other loans

The financial crisis is a very complex issue that created by low interest rates causing the price of homes to soar. People used their existing home as a credit card and eliminating the phony equity they had. These mortgages were sold to Wall Street and when the bubble finally burst it had world-wide implications. As long as the lending institution didn't worry about repayment (because the paper was sold), they make more and more risky loans.
 
Scarecrow Akhbar said:
Democrat: FDR created the FHA, which engendered Fannie-Mae and Freddie-Mac. This is a direct violation of the US Constitution.

Democrat: Carter signed the CRA that required banks to give loan preference to members of the local community, irregardless of their ability to repay.

Democrat: Clinton signed CRA II, which allowed corrupt organizations to sue banks who were denying loans to (gasp!) people who couldn't pay them back.

Republican: US Senate passes bill eliminating Glass-Steagall.
Democrat: Clinton signs repeal of Glass-Steagall.

yeah, clearly the Republicans share EQUAL blame for the mess.
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Bush II spent plenty of his first term pushing 'minority home ownership' - remember the "ownership society"? furthermore, the Fed under his administration (not entirely his fault here) definitely pursued a policy of making debt cheap.

culpability is bipartisan. mind you, it's in the sense that a vote that gets 55 Democrats and 10 Republicans in the Senate is Bi-partisan; but it remains so nontheless.
 
Scarecrow Akhbar said:
Democrat: FDR created the FHA, which engendered Fannie-Mae and Freddie-Mac. This is a direct violation of the US Constitution.

Democrat: Carter signed the CRA that required banks to give loan preference to members of the local community, irregardless of their ability to repay.

Democrat: Clinton signed CRA II, which allowed corrupt organizations to sue banks who were denying loans to (gasp!) people who couldn't pay them back.

Republican: US Senate passes bill eliminating Glass-Steagall.
Democrat: Clinton signs repeal of Glass-Steagall.

yeah, clearly the Republicans share EQUAL blame for the mess.
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Nice straw man, however i never made judgement calls regarding equality in blame. You may resume your internal argument....
 
cpwill said:
Bush II spent plenty of his first term pushing 'minority home ownership' - remember the "ownership society"? furthermore, the Fed under his administration (not entirely his fault here) definitely pursued a policy of making debt cheap.

culpability is bipartisan. mind you, it's in the sense that a vote that gets 55 Democrats and 10 Republicans in the Senate is Bi-partisan; but it remains so nontheless.
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790 KABC: 2002 President Bush Speech Offering Road to Home Ownership
 
pbrauer said:
790 KABC: 2002 President Bush Speech Offering Road to Home Ownership
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What does any of this have to do with the thread topic other than diversion and placing blame on someone else which is all liberals do. Pbrauer, "your" President is showing exactly the person you refused to accept when you voted for him, an empty suit without any qualifications to be President. The results speak for themselves, 16 million unemployed, lower employment each month of 2010, and higher unemployment each month of 2010 but to a liberal that is the strongest jobs recovery in decades?
 
Conservative said:
What does any of this have to do with the thread topic other than diversion and placing blame on someone else which is all liberals do.
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See what I highlighted.

Pbrauer, "your" President is showing exactly the person you refused to accept when you voted for him, an empty suit without any qualifications to be President. The results speak for themselves, 16 million unemployed, lower employment each month of 2010, and higher unemployment each month of 2010 but to a liberal that is the strongest jobs recovery in decades?
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Troll
 
pbrauer said:
See what I highlighted.



Troll
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Yes, "your" President is a troll, he told you that allowing the tax cuts to expire on the rich would generate 36 billion to the Treasury and you bought it. Name one economic prediction he or his administration has made that has come true?
 
Conservative said:
Yes, "your" President is a troll, he told you that allowing the tax cuts to expire on the rich would generate 36 billion to the Treasury and you bought it. Name one economic prediction he or his administration has made that has come true?
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I don't recall President Obama saying anything about $36 billion, when did he say it?
 
pbrauer said:
I don't recall President Obama saying anything about $36 billion, when did he say it?
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You really don't pay any attention to actual news reports, do you? Where did the 36 billion dollar number come from and why would this Administration propose expiration of those rates?
 
pbrauer said:
Anybody who thinks low income people or the Community Reinvestment Act that has had world wide implications just doesn't know what they are talking about. Basically, the CRA was created to require community banks to offer lower interest rates to low income people. It didn't require the bank to make loans they thought were risky. As it turned out, loans under CRA performed better than other loans

The financial crisis is a very complex issue that created by low interest rates causing the price of homes to soar. People used their existing home as a credit card and eliminating the phony equity they had. These mortgages were sold to Wall Street and when the bubble finally burst it had world-wide implications. As long as the lending institution didn't worry about repayment (because the paper was sold), they make more and more risky loans.
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You are factually incorrect, apart from your finding it 'complex', and if you were to go over the details and the time line you'd soon realize how wrong you are. It takes a little time, for sure, and some patience.

I enjoy debate based on facts and then interpreting those facts in whatever way we might see them, but you obviously have no idea what you're talking about here.
 
Grant said:
You are factually incorrect, apart from your finding it 'complex', and if you were to go over the details and the time line you'd soon realize how wrong you are. It takes a little time, for sure, and some patience.

I enjoy debate based on facts and then interpreting those facts in whatever way we might see them, but you obviously have no idea what you're talking about here.
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I would suggest the same for you

The time line does not support your arguement, not does the punishment for not being in compliance with the CRA
 
Taylor said:
I can't speak for every American, but I believe I speak for the vast majority when I say that your characterization of "what Americans like to think" is ridiculous.
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Unfortunately what many americans do think is worse.
 
SE102 said:
Unfortunately what many americans do think is worse.
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How can you or anyone believe that Americans think at all.

Certainly the dumbclucks and crooks they freely elect would tend to show no thought whatsoever.

Perhaps merely attention to whoever posts the biggest or most garish advert.
 
texmaster said:
I try and stay out of economic threads but it is a mystery to me how this is a success in any way
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You only have to wait a little for Obama's economic version of Sebelius to "re-educate" you. Of course with the assistance of the government sanctioned Journolists.

Then everything will be clear. When the Wizards are done with you... up will be down, down will be up, left will be right, and right will be wrong.

.
 
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Conservative said:
What far too many people are ignoring the costs of producing those so called improving results! If anyone here spent that kind of money to generate these kind of "results" they would be fired but liberals here claim that Democrats need to be re-elected. What is ignored is as stated, unemployment is more this year than last year, economic growth is down from the previous quarter and is a dismal 1.6%, and this Administration has added 3 trillion to the debt. Those are verifiable facts that the voter sees instead of buying the rhetoric of how bad things "could have been" without liberals screwing things up.

I remember well the cries of liberals back when Bush took office, "Where are the jobs?" yet today there is total silence when comparing the reality that we have over 3 million fewer employed people today than we had when Obama took office. So, claiming that this is the strongest jobs recovery in decades ignores the actual facts. No President in U.S. history has ever had this level of unemployment.
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BULLSEYE.

Added to this is the fact Democrats have controlled the show and didn't require a single republican vote to pass anything... until Brown was elected.

They had free reign to do whatever they pleased... and they did... and blew it big time.

What they did accomplish is confusion in the market. Businesses have no idea what economic H-Bomb Obi will drop next, and business people know they will be coming... not just when, who, or how big.

Obi, though he claimed he would run an open, transparent government, he and his party have been the Queens of Stealth.

.
 
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MSgt said:
Earlier you used "bluebook" and now you use "birther." I don't know what you mean by "bluebook," but I'm guessing "birther" means woman?
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you're unfamiliar with birthers?

i guess you don't see too many on easter island
 
FilmFestGuy said:
And if things are sooooooo bad for business, why are profits back up to record highs - both by basic numbers and as a percentage of GDP?
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things aren't so bad for the uber rich, they rarely are

it's normal americans who are getting smeared

look around
 
"67,000 in August may be better than expected, but it’s still awful. 125,000 are needed just for the growth in potential workforce. And the trend is moving in the wrong direction. Revised figure shows private sector created 107,000 jobs in July. In other words, things are getting worse, not better."

Robert B. Reich's response to 'Obama's optimism on the economy justified?' - The Arena | POLITICO.COM

robert reich, bubba's secty of LABOR, key contributor to the CLINTON economic team

there's no other way to spin it

sorry, worry
 
The Prof said:
"67,000 in August may be better than expected, but it’s still awful. 125,000 are needed just for the growth in potential workforce. And the trend is moving in the wrong direction. Revised figure shows private sector created 107,000 jobs in July. In other words, things are getting worse, not better."

Robert B. Reich's response to 'Obama's optimism on the economy justified?' - The Arena | POLITICO.COM

robert reich, bubba's secty of LABOR, key contributor to the CLINTON economic team

there's no other way to spin it

sorry, worry
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What is it in the liberal DNA that prevents them from admitting when wrong?
 
apdst said:
Except, that Recovery Summer has lost 293,000 jobs and the unenployment rate rose over the summer.

Your article is nothing other than propaganda.

The only way to fix the recession, is for the government to get the hell out of the way and let people make money.

Government can'ty create wealth and it can't create jobs.
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Every economist knows that even a healthy economy loses jobs. This article is about the overall picture of ecomonic recovery. Yes, we lost jobs, but we also gained jobs.

The Government can create jobs, if you open a history book up to the Great Depression. Federal spending on the war effort and public works ended the depression.
 
joe six-pack said:
Every economist knows that even a healthy economy loses jobs. This article is about the overall picture of ecomonic recovery. Yes, we lost jobs, but we also gained jobs.

The Government can create jobs, if you open a history book up to the Great Depression. Federal spending on the war effort and public works ended the depression.
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Joe, you were doing so well when you stated that people spending their money stimulates the economy then you go and do this?

The job numbers this year are worse each month and in total vs. last year. Almost 16 million Americans are unemployed and that doesn't include the business owners that went out of business or the contract workers who lost their jobs. By all measures this Administration has been a disaster and attempts to spin it positively destroys your credibility.
 
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