Just with that one that I bolded there is a point there but it isn't the whole point. There were other factors that went into the recession of 2008 not just the housing bubble. To say it was just that is silly to say the least.
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I'm all ears for any other cause of the recession other than anything directly/indirectly associated with the housing bubble and thus the liberal idea to lessen credit standards so that everyone could own a home regardless of whether they could afford one. The banking/insurance sector made STUPID moves associated with the lessening lending standards and sold crappy products to investors who wanted in on these "sure bets".
You take away the housing bubble/bust and most if not all of the economic problems in the private sector are gone.
Interestingly, Clinton largely benefited the MOST from two false bubbles during his presidency: (1) .com bubble (2) fake housing boom
Take away those two false beliefs at the time and the Clinton "boom" economy largely goes away.
You know how to really prove that neither side has a fuckin' clue about anything? Ask them how to fix a recession. Neither side knows how to ACTUALLY fix it. Time is the only REAL answer you can get out of either of them. Otherwise, no one knows. Economists with Masters degrees in the subject don't know how to fix it or have DRASTICALLY different ideas on how to fix it (neither of which have solid PROOF that it's how you fix the economy).
This country is just one giant bullshitting contest that's hanging by a fishing line over of a cliff and neither side knows how to stop the contest long enough to reel the country back from the ledge. It's disgusting when you think of how both sides actually used to work together to actually DO something.
Here your telling us that the government has no place on regulating or making decisions for people and those that want it are not up to your standard.........then
Then here when the Government allows people to decide to make their own decisions of whether they can afford a 250K home on a 45K salary which most common sense people know isn't a good decision fails squarely on the hands of the Government for allowing this to happen.
So I ask which is it? Or would you like to have it both ways?
And to be clear I don't want the Government involved in my shit, but I posted that to show you that your saying things both ways to fit your argument.
I LONG ago gave up explaining to you logic/facts/reason. I'm NOT surprised that you cannot grasp the concept of more revenue coming into the Government due to BUBBLES (i.e. fake economic growth that will eventually pop) during Clinton's presidency which popped at the beginning (.com) and end (housing) of Bush's presidency.
The reason is simple as my initial post stated Government forced/"strongly encouraged" the Banks/private sector during the Clinton Administration to make these loans and the banks were happy to do so b/c those loans were backed by the Federal Government.
Government has ZERO business in the housing market and had it been out of the market NO reasonable bank would have made those loans to people with no/limited means and the slim minority (if any) of banks that did would have gone bust faster and thus limited the loss to the economy at large.
During the Clinton Administration, Government DEMANDED that banks satisfied racial quotas (banks according to liberals hate minorities and didn't want to profit off of them by providing them with home loans) for mortgage lending to prove they were not discriminating on the basis of race. This FORCED banks to lower their standards for lending to meet these new quotas. The ball rolls downhill from there.
I simply doubt Obama gets a second shot
After mending our issues between myself and bdoughty, at his suggestion, I'm making this last post and visit to this thread (I promise this time :D) to post my apologies after blowing my top last night.
The two posts I made last night, my apologies if it offended anyone or changed your opinions of me. I was not being serious in saying that. I'm so damn tired and agitated already from all the election bullshit, between ads in every other commercial, flyers in the mail every day, people knocking on the door every damn day. It sucks ass living in a battleground state and it's getting old.
Last night I got my buttons pushed and I blew. Plain and simple. I wasn't serious in those two posts, I was just plain venting and went overboard. I went Mount St. Helen last night, and without even considering what I was typing or if I even wanted to truly say it/post it, I typed it and hit reply. So no, I don't want anyone to get fucked over. It was just me blowing off all of my built up steam at once.
Besides, honestly, we're all fucked regardless of who wins. It's Congress fucking this country and they're all still gonna be there, regardless of who is President. So regardless of whether it's Obama or Romney, we're unfortunately all getting bent over during the next four years.
I am not against Republicans. I vote for Republicans on the local and state level every election, and while I did not vote for McCain in 2008, I went to see him when he had a rally here in my town that year and back then and still today, I respect him. So I am not all "Republicans are the devil!!!11!". I just feel Romney is not a good choice for this country, just as you guys feel four more years of Obama is not a good choice.
So my apologies for those two "over the cliff" posts and I was not serious in anything I said in them. I was just blowing off all my steam at once and went way too far. Hopefully there are no hard feelings or indifferences between me and anyone else.
Have a good one guys.
Smooth.
The Republicans are testing that with, quite possibly, the most idiotic and asinine candidate EVER (yes, even worse than Bush Jr). The dude can't go one appearance without flatout lying about what he plans to do or, at the very least, flipflopping on his previous stance.
:nod:
Obama's Labor Department delaying bad unemployment report this Friday.
http://blogs.wsj.com/economics/2012/...y-jobs-report/
Clinton requested extra security Obama said no.
http://nation.foxnews.com/hillary-clinton/2012/10/26/report-hillary-asked-more-security-benghazi-obama-said-no#ixzz2ARGHdkoE