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Old 07-14-2011, 06:00 PM
 
Location: Here and there, you decide.
12,908 posts, read 27,980,195 times
Reputation: 5056

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Quote:
Originally Posted by Swigchow View Post
lol!
am i wrong? did he not cancel the taxcuts to the corportations??? what did Obama do for you?? Think about it! Granted he was the better of the 2 evils but seriously...
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Old 07-14-2011, 06:00 PM
 
285 posts, read 785,005 times
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Quote:
Originally Posted by airics View Post
ummm no, obama halted the tax cuts to the corportations. that caused the employment problem which caused the housing problem.
Too inaccurate to even respond. Earth to Airics.
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Old 07-14-2011, 06:06 PM
 
Location: Here and there, you decide.
12,908 posts, read 27,980,195 times
Reputation: 5056
Five myths about the Bush tax cuts
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Old 07-14-2011, 06:07 PM
 
Location: Here and there, you decide.
12,908 posts, read 27,980,195 times
Reputation: 5056
Quote:
Originally Posted by dano View Post
Too inaccurate to even respond. Earth to Airics.
so answer this.....what has Obama done? more jobs? more money? better healthcare? better schools?
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Old 07-14-2011, 07:05 PM
 
285 posts, read 785,005 times
Reputation: 219
Quote:
Originally Posted by airics View Post
so answer this.....what has Obama done? more jobs? more money? better healthcare? better schools?
Still unclear as to your position and what you are asking for here. More Jobs? No; More money? Not sure what this means. Better healthcare? No; Better schools? No
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Old 07-14-2011, 07:07 PM
 
Location: Here and there, you decide.
12,908 posts, read 27,980,195 times
Reputation: 5056
Granted B was terrible...I would like to know what Obama has done to improve our situation? I see nothing.
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Old 07-14-2011, 07:25 PM
 
3,598 posts, read 4,946,956 times
Reputation: 3169
Airics, your politics are showing. Don't let them corrupt your brain. Let me get this straight: Obama caused the housing collapse in 2006, 2 years BEFORE he became president. Gotcha. Nice revisionist history there, Airics.

It so funny how everybody thinks they're an expert on the housing market, but CONSISTENTLY forget to mention the long string of important factors:

-banking deregulations (repealing Glass-Steagall, etc.) which were enacted during the Clinton administration

-mortgage originators who have no individual responsibility if the loans they package fail since they quickly sell them off to unwitting investors

-the rating agencies who rated the banks' trash as AAA when it was FULL of subprime mortgages

-Greenspan/Bernanke's YEARS of low interest rate policy causing asset bubbles (not just real estate)

-real estate agents (particularly the NAR who are proven liars) who pushed people into homes

-homeowners who took loans they couldn't afford because an agent told them "they can always refi later"

-fraudulent appraisals

-fraudulent mortgage docs which are only now starting to be addressed

-a congress full of partisan idiots who consistently get re-elected thanks to an ignorant populace and corrupt system of lobbyists... paid for by none other than the banksters who profited from their own failures by taking $700B in TARP money from the Bush administration.

-Oh yeah, and a poorly designed housing "stimulus" from Obama who only temporarily increased demand with expensive tax credits which ballooned the deficit even more.

Needless to say there is LOTS of blame to go around. But yeah, go ahead and just blame Obama if it makes you feel good in that little world of blind partisan faith...
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Old 07-14-2011, 07:51 PM
 
Location: Here and there, you decide.
12,908 posts, read 27,980,195 times
Reputation: 5056
2006 and 2007 were the top. 2008 started the fall
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Old 07-14-2011, 08:10 PM
 
3,598 posts, read 4,946,956 times
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Quote:
Originally Posted by airics View Post
2006 and 2007 were the top. 2008 started the fall
Wow, you're on a roll today, Airics. Did facts hurt you as a child or sumpin? The bubble started bursting in July 2006. Happy 5-year anniversary!

Updated: Case-Shiller 100-Year Chart | The Big Picture

And before you get all "ad hominem" on me for posting this particular graph, the S&P/Case-Schiller numbers are by far the most reliable ones for housing prices.
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Old 07-14-2011, 08:22 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 38,187,029 times
Reputation: 2661
Quote:
Originally Posted by logline View Post
Wow, you're on a roll today, Airics. Did facts hurt you as a child or sumpin? The bubble started bursting in July 2006. Happy 5-year anniversary!

Updated: Case-Shiller 100-Year Chart | The Big Picture

And before you get all "ad hominem" on me for posting this particular graph, the S&P/Case-Schiller numbers are by far the most reliable ones for housing prices.
Not in Las Vegas. I have the local GLVAR Numbers here.

http://www.donohueteam.com/Realtor/R...0_image001.gif

I believe CS is similar. Does not have the sharp peak...but on that I think the GLVAR numbers are more correct..CS filters such abominations .

Perhaps more important...that is where the unbelievable linear crash began...

Actually volume ran into the wall in Third quarter 2004. But price continued upward for a long time.
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