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More meaningless babble with no facts and just the typical liberal rambling.
Actually Bush tried OVER A DOZEN TIMES to regulate the mortgage industry.. Democrats stopped them EVERY SINGLE TIME.. They even had congressional hearings over it..
Supporting home ownership didnt cause the bubble, federal guaranteeing bad mortgages DID..
omg. Federal law was DEREGULATED ON MORTGAGE MARKET SINCE LATE 80'S. Just an FYI. fannie, Freddie, Ginnie Mae (GMAC) , Sallie Mae(student loans) , HUD...many of these existed since Nixon. Or did you not take financial markets 202 in College.
omg. Federal law was DEREGULATED ON MORTGAGE MARKET SINCE LATE 80'S. Just an FYI. fannie, Freddie, Ginnie Mae (GMAC) , Sallie Mae(student loans) , HUD...many of these existed since Nixon. Or did you not take financial markets 202 in College.
And? According to you it took 30 years for "deregulation" to cause a housing collapse? Do you want to respond to the Congressional hearings, ridiculing Bush for wanting to reign in the mortgages that were going to collapse?
I guess you are NEVER going to provide that link to that "Obama lost 9 million jobs" claim you made. Why do I know you won't provide it? Because it isn't true. But do keep looking, LOL
Quote:
Originally Posted by Sunny-Days90
Are you saying he created jobs as he promised us then?
You know on record he has lost 5 million jobs. Google is your friend but I assume you will choose to ignore the facts.
Add another 4 million who have been displaced and cannot find a job or those who had to take huge pay cuts at another job to even feed their family.
Give me a link to the 5 million NEW high paying jobs he promised us.
And? According to you it took 30 years for "deregulation" to cause a housing collapse? Do you want to respond to the Congressional hearings, ridiculing Bush for wanting to reign in the mortgages that were going to collapse?
Why are you so defensive?. I dont need to respond to Congressional hearings regarding Bush. Im not concerned about defending him.
Statutory laws go back quite a long way. Start reading. History goes back more than ten years.
I have no problem with individuals on Food Stamps that really need it. I have a problem with the ones that abuse the system. There needs to be a reform on Welfare/Foodstamps. Our country could .probably pay it's dept with what it's giving out to the ones that abuse the system
Just what dept. are you talking about paying or did you mean debt??????
Foodstamp disbursements are miniscule compared to our national debt.....and you just meant abusers......same with welfare....so the amount would be but a fraction of the total "system".
Stop Corporate subsidies(welfare)......that may save a bit more money and mainly just hurt those poor CEO's receiving food stamps; so they can survive their bad and greedy business decisions that nearly destroyed our economy. .
most of the stimulus was tax cuts, that were reversed due to other tax increases, and borrowed money.. AND WHERE DID THE BORROWED MONEY COME FROM? How about the $300B for FOOD STAMPS.. How about the billions upon billions spent to bailout the states and local governments for police? Where did they get that from? How about all of that road construction and spending for "shovel ready" projects? You see the part you liberals fail to understand is that if you MOVE when a project was going to be done, for example, from 2013, to 2010, the NET INCREASE in jobs is ZERO.. If the project took 100 employees in 2013, it would have taken the same number of employees in 2010. All you did was change the date, and then pretend you stimulated something that you didnt.. Even the CBO said the long term effects of the stimulus is negative..
Short term thinking, leaving problems for future presidents to take care of.. yep.. Democrats....
You pretending the money wasnt borrowed is just wrong..
And there are now reports saying that the stimulus package actually COST jobs Power Line - A Verdict on Obama's "Stimulus" Plan Our benchmark results suggest that the ARRA created/saved approximately 450 thousand state and local government jobs and destroyed/forestalled roughly one million private sector jobs
I finally understand the root of your issue with all this. It's based on the simple fact that you don't really understand the purpose of stimulus.
Stimulus is designed to create jobs during a period when there are few private sector jobs being created. When you talk about a project being done in 2013 with the same amount of people, what you fail to understand is that doing the project in 2009, when there are few other jobs available, helps provide a bridge of employment for people who otherwise would probably not be offered jobs. The same is true for local governments. Yes, in 2013 their tax-base will probably be fine, but in 2009-10 they do not have the revenue to pay their bills so they need stimulus to get through.
The other feature of that type of borrowed funding is that it keeps money flowing through the system that has a trickle-down effect until the private sector can pick up the slack again. So, there's a huge benefit to borrowing that money during a time of need rather than waiting.
More meaningless babble with no facts and just the typical liberal rambling.
Actually Bush tried OVER A DOZEN TIMES to regulate the mortgage industry.. Democrats stopped them EVERY SINGLE TIME.. They even had congressional hearings over it..
Supporting home ownership didnt cause the bubble, federal guaranteeing bad mortgages DID..
I hate to tell you this but YouTube videos aren't credible sources. Like movies, they can be edited to say and show anything the producer wants. They can lack context and edit out the parts not consistent with the desired narrative.
If you don't believe me, you can find the piano playing cat and the small plane that loses a wing at 1,000 ft. but manages to land safely, as evidence of credible looking videos that are not.
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. I dont need to respond to Congressional hearings regarding Bush.
Im not concerned about defending him.
