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Old 09-10-2013, 05:40 PM
 
Location: Florida
33,571 posts, read 18,174,016 times
Reputation: 15551

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Quote:
Originally Posted by NJBest View Post
There's very little middleclass to destroy after Bush. Unfortunately, Obama has not done anything to improve things. Two horrible presidents in a row has made it tough for many.
Thank the dems for Fannie and Freddie housing collapse.. selling houses to anyone that breathed... 2 million mortgages didn't see the first payment because illegals, investors, unemployed , foreigners built homes to flip and many bought homes they could not afford .. the value dropped because of all those foreclosures.. thank Barney Frank and Maxine Walters for stopping the investigation in 2002 by President Bush, the dems testifying that all was good in the mortgage market. Liars..

 
Old 09-10-2013, 05:44 PM
 
Location: Florida
33,571 posts, read 18,174,016 times
Reputation: 15551
Is the Fed still printing money? Is QE5 here yet? The next generations will get 5 cents on a dollar of earned money. Inflation is coming and the government will have more poor people and the rich will leave taking their money with them.
 
Old 09-10-2013, 05:45 PM
 
24,488 posts, read 41,154,196 times
Reputation: 12921
Quote:
Originally Posted by Taratova View Post
Thank the dems for Fannie and Freddie housing collapse.. selling houses to anyone that breathed... 2 million mortgages didn't see the first payment because illegals, investors, unemployed , foreigners built homes to flip and many bought homes they could not afford .. the value dropped because of all those foreclosures.. thank Barney Frank and Maxine Walters for stopping the investigation in 2002 by President Bush, the dems testifying that all was good in the mortgage market. Liars..
Oh, you must have missed George bush pushing mortgages for everyone. You must have missed him bragging about his success of home ownership being an all-time high. Add on to that Bush's "free money" program for college students. Why not just hand out loans and put the middle class in debt? Good idea. Bush was no better than Obama.
 
Old 09-10-2013, 05:45 PM
 
Location: Wisconsin
37,981 posts, read 22,167,958 times
Reputation: 13811
Quote:
Originally Posted by PullMyFinger View Post
Just saw on NBC Nightly News that the richest 1% of the population made 20% of all available income.

And people here don't think that the middle class needs unions

The income gap hasn't been this bad since the 1920's.
Is it any wonder, when we are at a 50 year high in US poverty, and unemployment is so high, with a stagnant economy? Welcome to the 0bama economy, where the poor get poorer, and the rich get bailed out by the government.
 
Old 09-10-2013, 05:47 PM
 
Location: Wisconsin
37,981 posts, read 22,167,958 times
Reputation: 13811
Quote:
Originally Posted by NJBest View Post
Oh, you must have missed George bush pushing mortgages for everyone. You must have missed him bragging about his success of home ownership being an all-time high. Add on to that Bush's "free money" program for college students. Why not just hand out loans and put the middle class in debt? Good idea. Bush was no better than Obama.
Bush was bragging about all that, while expanding government. Bush is 0bama's "Mini Me."
 
Old 09-10-2013, 05:48 PM
 
24,488 posts, read 41,154,196 times
Reputation: 12921
Quote:
Originally Posted by J746NEW View Post
I don't deal with the Stock Market because I am smart enough to know that, if the SHTF, the Inside Traders, Politicians and Top Dogs on Wall Street would make sure they take their cut and run leaving the rest of the country dry.

There is nothing moral nor ethical about the cockroaches running this country. To them, it is a dog eat dog world and winner take all. Hope they like HELL.
There's only been one time in this nation where the stock market has failed the people. And we've been through dozens of recessions before and after that.
 
Old 09-10-2013, 05:49 PM
 
24,488 posts, read 41,154,196 times
Reputation: 12921
Quote:
Originally Posted by Wapasha View Post
Bush was bragging about all that, while expanding government. Bush is 0bama's "Mini Me."
Bush came first... Obama would have to be Bush's "Mini Me".
 
Old 09-10-2013, 05:50 PM
 
41,110 posts, read 25,750,585 times
Reputation: 13868
Quote:
Originally Posted by Donn2390 View Post
Unions outlived their usefulness one hundred years ago. The gap is laid at the feet of your lord and savior, the gay president... So now you know and you can rest easier...
And their lord and savior helped make the gap even bigger. Yet they still get tingles up their legs because he's black.
 
Old 09-10-2013, 05:50 PM
 
79,907 posts, read 44,231,797 times
Reputation: 17209
Quote:
Originally Posted by NJBest View Post
I bet you're not complaining about wall street and corporations when you look at your savings... That nice rise on the S&P is nice.
I am. Besides, savings are not gaining squat. Interests rates are next to nil. You mean people are not complaining about their investments. Yes I am.

There will be a payback forthcoming.
 
Old 09-10-2013, 05:50 PM
 
Location: Oklahoma
577 posts, read 512,697 times
Reputation: 470
Quote:
Originally Posted by Taratova View Post
Is the Fed still printing money? Is QE5 here yet? The next generations will get 5 cents on a dollar of earned money. Inflation is coming and the government will have more poor people and the rich will leave taking their money with them.
The super rich and corporations are sitting on trillions of dollars. They act like a vac, sucking all the money out of the economy and not putting money back into it. QE was pumping cash into the economy to make create conditions in which investment is better than hording and sitting on vast reserves of cash. It's fine with me if the government stops printing money and lets the economy crash like in the great depression. That way it will level the playing field again, and opportunities will again open up for the middle class to grow. The problem is that too many people are fooled into thinking that corporations and the super rich have nothing to do with the bad economy.
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