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He is doing what loyal dissent is about. But DO NOT expect most "conservatives" to get that. They are well-tuned for extremism and NOTHING that doesn't blame Obama, gets in their way.
Thats funny because this is what Conservatives have been saying for years, but all we've heard from left wing kooks is that we're standing in the way of Obama saving the country
Tried tried 13 times to reign in the housing, even held Congressional hearings where the Democrats fought tooth and nail to not only stop reform, but expand and loosen regulations, including among other things, lowering debt to asset rations on Fannie and Freddie.
Thats funny because this is what Conservatives have been saying for years, but all we've heard from left wing kooks is that we're standing in the way of Obama saving the country
What is "this" that the conservatives have been saying, again? Let me hear that. Or at least that you agree with David Brooks completely?
Quote:
Originally Posted by MUTGR
Stop messing up their narrative with facts.
It is a good thing you don't have to explain that.
Isn't he just telling the truth? Especially when talking about market economies like America's. I mean a communist/socialist economy is probably the only economy where one leader can actually try to dictate economic outcomes.
So its chinas and europes fault because the blame bush line does not register with anyone but people who would already vote for Obama.
Presidents can not create jobs, but they can set the conditions so do that business's either thrive, or fail. And this presidents policies are failing miserably.
very true.
Quote:
Originally Posted by Hadoken
Considering the massive turnaround in our economy after congress began enacting his policies, and the slowdown in the face of a congress that now refuses to do so, I'd say that this is, at best, a weak claim.
massive turnaround? not hardly. we still have a huge unemployment rate which you dont see because the administration has decided that millions of americans are not counted as unemployed even though they still dont have jobs, and are not collecting unemployment anymore.
Quote:
The fact is that, while a president, or rather a government, can't control the global economy, they certainly can and do create jobs, either directly through hiring, or indirectly through contracting out to businesses. They can also change economic conditions through regulation or lack thereof (eg. The total lack of regulations that led to the 2008 crisis), or through fiscal policy, which is one area where Europe is messing up hard.
this is accurate.
Quote:
Originally Posted by noexcuseforignorance
Global economic conditions were much better during W's Presidency. That excludes at the end where the stupid deregulation mantra nearly destroyed the financial system in the US and pretty much sent the global economy into a recession.
the deregulation started during the clinton administration, and the bush administration tried to rein it in but were thwarted by the democrats in congress.
Quote:
Originally Posted by crone
It matters not who the POTUS is. Or what happens in Greece. We created this mess ourselves.
In Big Jon's attachment was
CRA Said should be consistent with safe and sound banking practices
Equal Credit Opportunity Act Reg B said availability to all creditworthy applicants
Seems the breakdown occurred here. The housing loans went to folks who had no business getting them. The loans were made possible by lenders who ignored safe and sound practices.
I'm not about to lay the housing bust on some dumb flight attendant who bought more house than she could afford. The person who approved the loan should go to jail for fraud.
Maybe then consumer confidence will return and we can get out of the doldrums.
you were doing well until the bolded part. you left out a few things like the lenders were forced by government and organizations like acorn to ignore those sound lending practices. how you ask? by the threat of being sued to force unsound mortgages.
the second part of this, that dumb flight attendant who signed up for a loan that they knew they couldnt afford also bears substantial responsibility. gee i only make $40,000 per year, and my mortgage payments will add up to $30,000 per year, you think i should still sign for the loan? or yes i can make that interest only payment for ten years, but i dont that i can come up with that $30,000 balloon payment at the end of that period, should i really stil sign for the loan?
if you want to throw someone in jail for fraud, start with the peole that actually signed up for loans they KNEW they had no business getting. anyone with even a lick of common sense should know that there is no way they can afford a $700,000 mortgage while making only $50,000 per year.
So Obama is held hostage to global economic conditions, but Bush wasn't?
I wouldn't call the credit crises a "Global Economic Condition", in terms of how American banks securitized mortgage loans, then sold credit default swaps to each other and other financial institutions and made terrible loans George W, Bush was running around calling for an "Ownership Society" during the biggest housing bubble in U.S. history. Loose FEDERAL regulation and regulatory oversight also played a role in the crises.
Really? There was no massive turnaround with the economy. what we saw in the so-called stimulus is much like the effect of a defibrillator jolt to a congestive heart-failure patient in the ER. No expects that ER patient to get up, run a marathon the next day. No, in fact, that patient very well might die, without a serious lifestyle. Even with that, the results of the lifestyle for the seriously ill heart patient, will not be seen for a longtime.
And if no lifestyle change? The patient will be back for more defibrillator jolts later, if at all.
Quote:
Originally Posted by Hadoken
Considering the massive turnaround in our economy after congress began enacting his policies, and the slowdown in the face of a congress that now refuses to do so, I'd say that this is, at best, a weak claim.
The fact is that, while a president, or rather a government, can't control the global economy, they certainly can and do create jobs, either directly through hiring, or indirectly through contracting out to businesses. They can also change economic conditions through regulation or lack thereof (eg. The total lack of regulations that led to the 2008 crisis), or through fiscal policy, which is one area where Europe is messing up hard.
China wasn't in and economic slowdown and Europe didn't have a sovereign debt crisis during his term.
Different times and completely different economic dynamics are at play during the Bush 43 administration compared to the Obama administration.
the problem obama has is his anti business policies and rhetoric. he is loading up regulations on business which costs them more money, and then turns around and excoriates business for not doing more to hire people.
What is "this" that the conservatives have been saying, again? Let me hear that. Or at least that you agree with David Brooks completely?
I've already said that David Brooks is correct on this issue, but clearly we've been told by Democrats that if only we keep spending, then the economy will turn around. Maybe you should read the thread more slowly.
Are you saying Obama and the Democrats were wrong when they spent $800B trying to stimulate? I cant wait to hear your spin..
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