Barack Obama, our next President

"The road ahead will be long. Our climb will be steep," Obama cautioned. Young and charismatic but with little experience on the national level, Obama smashed through racial barriers and easily defeated ... Full Story

Since: Aug 11

Location hidden

#817683 Dec 6, 2012
Obamahammed wrote:
Sadly, the democrat authored mortgage meltdown negated so much of Bush's good work:
"The proof is in the pudding over the Bush tax cuts. They were followed by a record 52 straight months of job creation, producing 8 million new jobs, with the unemployment rate falling to 4.4%. Business investment spending, which had declined for 9 straight quarters, reversed and increased 6.7% per quarter, producing all those new jobs.
Because of that increased investment, labor productivity soared by 2.5% annually from 2003 to 2007, higher than the averages of the 1970s, 1980s, and 1990s. As a result, real after tax income per capita increased by more than 11%.
Manufacturing output soared to its highest level in 20 years. The stock market revived, creating almost $7 trillion in new shareholder wealth. From 2003 to 2007, the S&P 500 almost doubled. After the Bush tax cuts started in 2001, quickly ending the 2001 recession, the economy continued to grow for another 73 months. From 2000 to 2007, real GDP grew by more than 17%, meaning an additional $2.1 trillion for the American people".
Gawd, I love facts.
George Bush: we want everybody in America to own their own home. That's what we want.

&fe ature=related

Home Ownership and President Bush

http://www.youtube.com/watch...
lily boca raton fl

Boca Raton, FL

#817684 Dec 6, 2012
Lincoln Duncan wrote:
<quoted text>
I am enjoying your "sky is falling posts" but you have been posting these for four years.
Your Tea Party posts helped elected President Obama.
Thanks !
LOL! If only public schools were abolished, then everyone would have their child sit in front a computer screen and act like a zombie while Jeb cashes in on his virtual plan to rob the tax payers money while effing up more of Americas kids.
lily boca raton fl

Boca Raton, FL

#817685 Dec 6, 2012
Realtime wrote:
<quoted text>The lesser FOX mutts are all trying to salvage their jobs__which are in danger after the Romney-Ryan drubbing. Coulter is unemployable anywhere else, except maybe Al Jazeera. What's a, cough, girl to do?
Maybe she can reconsider Dineesh D'Souza, he's single again.
John Galt

Temecula, CA

#817686 Dec 6, 2012
Realtime wrote:
<quoted text>The lesser FOX mutts are all trying to salvage their jobs__which are in danger after the Romney-Ryan drubbing. Coulter is unemployable anywhere else, except maybe Al Jazeera. What's a, cough, girl to do?
Maybe Fox will hire you if they need a moderate Republican.
Lincoln Duncan

United States

#817688 Dec 6, 2012
lily boca raton fl wrote:
<quoted text>
LOL! If only public schools were abolished, then everyone would have their child sit in front a computer screen and act like a zombie while Jeb cashes in on his virtual plan to rob the tax payers money while effing up more of Americas kids.
Republicans feel entitled to so much.
Republicans get us into the depression of 2008 under Bush and then try to wiggle out.

A large majority (53 percent to 38 percent) of the electorate blames George W. Bush not Barack Obama for the condition of today's economy.

Carol sticks around and defends her position unlike the racist scum that quit posting on November 7!
John Galt

Temecula, CA

#817689 Dec 6, 2012
lily boca raton fl wrote:
<quoted text>
LOL! If only public schools were abolished, then everyone would have their child sit in front a computer screen and act like a zombie while Jeb cashes in on his virtual plan to rob the tax payers money while effing up more of Americas kids.
Impossible to do any worse than the public schools in most major cities.
TheIndependentMa jority

Somerset, KY

#817693 Dec 6, 2012
RealDave wrote:
<quoted text>
Thank God. We would have all gone to Hell in a hand basket if we couldn't have a plastic Jesus on public display to look at as we ran each other over on the way to the Midnight Madness sale at Target.
See that's your problem then...you're hanging out with too many lemming brainless herd packs, acting like vultures on dead prey.

No thankyou...I'll enjoy the REAL reason of the season-and the PEACE that goes with it.

DUHmmy.
lily boca raton fl

Boca Raton, FL

#817694 Dec 6, 2012
Lincoln Duncan wrote:
<quoted text>
Republicans feel entitled to so much.
Republicans get us into the depression of 2008 under Bush and then try to wiggle out.
A large majority (53 percent to 38 percent) of the electorate blames George W. Bush not Barack Obama for the condition of today's economy.
Carol sticks around and defends her position unlike the racist scum that quit posting on November 7!
Sometimes I think Carol is just pulling our legs and laughing when when she posts.
John Galt

Temecula, CA

#817695 Dec 6, 2012
Lincoln Duncan wrote:
<quoted text>

A large majority (53 percent to 38 percent) of the electorate blames George W. Bush not Barack Obama for the condition of today's economy.
Who will the mob blame for the rotten economy in 2016?
TheIndependentMa jority

Somerset, KY

#817697 Dec 6, 2012
lily boca raton fl wrote:
<quoted text>
They're made in China. Time to go to bed.
Another ignorant parrot brain clueless quip?

Too bad for you--as usual-you're WRONG again.

They were LIVE people...of ALL colors-enjoying themselves portraying the scene.

(you must have a room full of dem dar--heya's yer sign...sign.. to goez wit yer velteenage poster by now though!!)

Since: May 11

Loysville, PA

#817698 Dec 6, 2012
TheIndependentMajority wrote:
<quoted text>
See that's your problem then...you're hanging out with too many lemming brainless herd packs, acting like vultures on dead prey.
No thankyou...I'll enjoy the REAL reason of the season-and the PEACE that goes with it.
DUHmmy.
And a plastic Jesus goes with that?

Since: Aug 11

Location hidden

#817699 Dec 6, 2012
Obamahammed wrote:
<quoted text>
Here's some news to you:
Bush Administration Tried to Reform Freddie and Fannie Five Years ...
cnsnews.com › News
Feb 19, 2009 – Bush Administration Tried to Reform Freddie and Fannie Five Years Ago ... we moved aggressively in 2004 to regulate Fannie and Freddie,...
Karl Rove: President Bush Tried to Rein In Fan and Fred - WSJ.com
online.wsj.com/article/SB123137220550562585.h...
Jan 8, 2009 – Fannie and Freddie are "government-sponsored enterprises" (GSEs),... If Democrats had granted the Bush administration the regulatory ...
New Agency Proposed to Oversee Freddie Mac and Fannie Mae ...
www.nytimes.com › COLLECTIONS › FREDDIE MAC
Sep 11, 2003 – The Bush administration today recommended the most significant ... industry and concerns about regulation of Fannie Mae and Freddie Mac,...
deny it and further cement your reputation as a dunderhead.
George Bush: we want everybody in America to own their own home. That's what we want.

&fe ature=related

Home Ownership and President Bush

http://www.youtube.com/watch...
TheIndependentMa jority

Somerset, KY

#817700 Dec 6, 2012
Nj raider 1 wrote:
<quoted text> Clever comeback from a loser that can't dispute the evidence. WE CALL THE BOWING OUT GRACEFULLY!!7
Told ya--ah never read that post past the first three words. I don't relate to ignorance well.
Lincoln Duncan

United States

#817701 Dec 6, 2012
John Galt wrote:
<quoted text>
Maybe Fox will hire you if they need a moderate Republican.
Did fox mislead Gov. Romney's campaign with false polls?
If so are they partly to blame for his present status?

Since: May 11

Loysville, PA

#817702 Dec 6, 2012
Obamahammed wrote:
<quoted text>
Here's some news to you:
Bush Administration Tried to Reform Freddie and Fannie Five Years ...
cnsnews.com › News
Feb 19, 2009 – Bush Administration Tried to Reform Freddie and Fannie Five Years Ago ... we moved aggressively in 2004 to regulate Fannie and Freddie,...
Karl Rove: President Bush Tried to Rein In Fan and Fred - WSJ.com
online.wsj.com/article/SB123137220550562585.h...
Jan 8, 2009 – Fannie and Freddie are "government-sponsored enterprises" (GSEs),... If Democrats had granted the Bush administration the regulatory ...
New Agency Proposed to Oversee Freddie Mac and Fannie Mae ...
www.nytimes.com › COLLECTIONS › FREDDIE MAC
Sep 11, 2003 – The Bush administration today recommended the most significant ... industry and concerns about regulation of Fannie Mae and Freddie Mac,...
deny it and further cement your reputation as a dunderhead.
You believe just about anything rather than admit Bush nearly killed this country.

Banks thought Freddie & Fannie held an advantage in the marketplace.

They employed their puppet, Bush, to rein them in. That "reform" was to take the oversight of F & F away from Congress & put it in the White House!!!!!

My God, if Obama tried anything like that you right whiners would have a fit.

But when Bush tried it, you idiots loved it. Good thing even Republicans in Congress told Bush to forget that one.

Reform?- you should go into comedy.
Lincoln Duncan

United States

#817703 Dec 6, 2012
John Galt wrote:
<quoted text>
Who will the mob blame for the rotten economy in 2016?
Are you kidding?

The Democrats successfully blamed Herbert Hoover from 1932 to the 1960s.

Since: May 11

Loysville, PA

#817704 Dec 6, 2012
Obamahammed wrote:
<quoted text>
This says it all:
2007 FY Budget Deficit $161 Billion
2008 FY Budget Deficit $455 Billion <---- Democrats control Congress
2009 FY Budget Deficit $1.4 Trillion
2010 FY Budget Deficit $1.3 Trillion
2011 FY Budget Deficit $1.6 Trillion
2012 FY budget deficit $1.3 trillion
2013 est. deficit $1.1 trillion
2013 FY budget est.$1.1 trillion
Douchebag dumbass Obama has been president for 4 years, isn't about time he {and you} put on your big boy pants and take your well deserved credit/blame?
The recession started 4th quarter of 2007, please list the legislation that the Democrats passed in the first 9 months of 2007 that took us from that rosy Bush economy to the worst recession in 80 years.

I keep asking & not a single right whiner has answered.
TheIndependentMa jority

Somerset, KY

#817705 Dec 6, 2012
BRING IT ON wrote:
<quoted text>
The point that
i am trying to stress is the poor and rich people do not pay taxes.
The needy that are poor should not pay taxes!However the greedy healthy poor that are able to work that are on welfare should be kicked out and the same for the rich!WE NEED FAIRTAX.ORG !!!!!!!!!!THE MIDDLE CLASS ARE PAYING MOST OF THE TAXES AND ARE NOT GETTING ANY BAIL OUTS,GETTING KICKED OUT OF THEIR HOMES FROM BANKS THAT GOT FREE BAIL OUT MONEY!
and DUh A Vey was wrong-on the fed govt transporting kids via buses.

SOME of us don't rely on THAT either!

Since: May 11

Loysville, PA

#817706 Dec 6, 2012
Obamahammed wrote:
<quoted text>
Your fat head is just like a colander, isn't it?
San José State University
Department of Economics
applet-magic.com
Thayer Watkins
Silicon Valley
& Tornado Alley
USA
The Nature and the Origin
of the Subprime Mortgage Crisis
There has been a long term American policy of promoting home ownership. This entailed making the financing of home purchases as easy as possible. Various financial institutions were set up over time to make the securing of a mortgage quick and convenient. There once were Savings and Loan Associations that were savings institutions which could only invest in home mortgages. Fannie Mae (the Federal Nation Mortgage Association FNMA) was set up in 1938 to provide a secondary market for home mortgages. This meant that if a bank granted a mortgage to someone and later the bank needed funds the bank could readily sell the mortgage to Fannie Mae. However, in order for lending institutions to have access to the secondary mortgage market of Fannie Mae they had to abide by Fannie Mae's rules.
In the past Fannie Mae prohibited the lenders it was dealing with to engage in the practice of red lining. Red Lining meant that a bank would refuse to finance a home purchase in neighborhoods it consider high risk even if the prospective borrowers were themselves good credit risks. In part, this was because the bank did not want, in the event of default and foreclosure, to become the owner of property in a risky neighborhood. The deeper roots of the problem go back to the Community Reinvestment Act of 1977.
In the 1990's under the administration of Franklin Raines, a Clinton Administration appointee, Fannie Mae began to demand that the lending institutions that it dealt with prove that they were not redlining. This meant that the lending institutions would have to fulfill a quota of minority mortgage lending. This in turn meant that the lending agencies would have to lower their standards in terms of such things as down payments and the required incomes. These subprime borrowers would be charged a higher interest rate. Having put the lending agencies into the position of granting subprime mortgages Fannie Mae then had to accept lower standards in the mortgages it purchased. That set the ball rolling. If a bank granted a mortgage to a borrower that was not likely to successfully pay off the mortgage then all the bank had to do was to sell such mortgages to Fannie Mae. The banks typically earned a loan origination fee when the mortgage was granted. The lending agencies could then make substantial profits dealing in subprime mortgages.
Because Fannie Mae and Freddie Mac made a market for subprime mortgages the lenders did not have to worry about of the soundness of the mortgage contract they wrote. Thus the lenders could write the mortgages as adjustable interest rate mortgages knowing full well that an upturn in the interest rates could easily throw the borrower into insolvency. For example, when the interest rate is 6 percent the mortgage payment for a 30-year $200,000 mortgage is $1199 per month. If the interest rate goes up to 7 percent the mortgage payment would increase by $131 per month, an 11 percent increase. For many of the subprime borrowers living on the edge of insolvency this would be enough to push them over the edge. The guilt for the subprime mortgage financial crisis lies both with the lenders who knowingly put borrowers into booby trapped mortgages and the management of Fannie Mae and Freddie Mac for making a market for such booby trapped mortgages thus giving the lenders the incentive for writing them.
So, banks not being allowed to discrimanate caused the mess?

Really?

This is your argument?
TheIndependentMa jority

Somerset, KY

#817707 Dec 6, 2012
RealDave wrote:
<quoted text>
You believe just about anything rather than admit Bush nearly killed this country.
Banks thought Freddie & Fannie held an advantage in the marketplace.
They employed their puppet, Bush, to rein them in. That "reform" was to take the oversight of F & F away from Congress & put it in the White House!!!!!
My God, if Obama tried anything like that you right whiners would have a fit.
But when Bush tried it, you idiots loved it. Good thing even Republicans in Congress told Bush to forget that one.
Reform?- you should go into comedy.
Hand over yer tax dollars Duh A Vey--I don't suck of duh grubberminet fer none dat fweeriding fedrill givvernment transpatsheun OR any a dat der fweeduhm lunch ticket stuff.

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