Study Confirms: Democrats Destroyed E...

Study Confirms: Democrats Destroyed Economy

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truthbetold

Steele, MO

#1 Feb 10, 2013
A new study from the widely respected National Bureau of Economic Research released this week has confirmed beyond question that the left's race-baiting attacks on the housing market (the Community Reinvestment Act--enacted under Carter, made shockingly more aggressive under Clinton) is directly responsible for imploding the housing market and destroying the economy.

The study painstakingly sorted through failed home loans that caused the housing market collapse and identified an overwhelming connection between them and CRA mortgages.

Again, let's review:

-President Bush went to Congress repeatedly for years warning them that Fannie Mae and Freddie Mac were going to destroy the economy (17 times in 2008 alone). Democrats continuously ignored him, shut down his proposals along party lines and continued raiding the institutions for campaign contributions on their way down.

Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown.

-John McCain also co-sponsored urgently critical reforms that would have prevented the housing market collapse, but Democrats shut that down as well, along party lines, and even openly ridiculed anyone who suggested reforms were necessary...to protect their taxpayer-funded campaign contributions as the economy raced uncontrollably toward the cliff.

-No one was making bad loans to unqualified people until Democrats came along and threatened to drag banks into court and have them fined and branded as racists if they didn't go along with the left's Affirmative Action lending policies...all while federally insuring their losses. Even the New York Times warned in the late 1990s that Democrats continuing to force banks into lowering their standards would lead to this exact catastrophe.

-Obama himself is even on the record personally helping sue one lender (Citibank) into lowering its lending standards to include people from extremely poor and unstable areas, which even one of the left's favorite blatantly partisan "fact-checkers," Snopes, admits (while pretending to 'set the record straight').

-Even The New York Times admitted that there is "little evidence" of any connection between the "Republican" deregulation measures Obama blames, like the Gramm-Bleach-Liley Act (signed into law by a Democrat), and the collapse of the housing market.

But non-Fox media have spent years deliberately and relentlessly inoculating people against the facts, training them to mindlessly blame Bush for being in charge when Democrat policies destroyed the economy. So here we sit, to this day, still watching Obama excuse and shrug off endless economic failures, illegal government takeovers and utter national bankruptcy with zero accountability.

Since: Oct 11

Location hidden

#2 Feb 10, 2013
In a 2003 lawsuit Fox News admitted that they lie and distort the news.
.
In February 2003, a Florida Court of Appeals unanimously agreed with an assertion by FOX News that there is no rule against distorting or falsifying the news in the United States.

Back in December of 1996, Jane Akre and her husband, Steve Wilson, were hired by FOX as a part of the Fox “Investigators” team at WTVT in Tampa Bay, Florida. In 1997 the team began work on a story about bovine growth hormone (BGH), a controversial substance manufactured by Monsanto Corporation. The couple produced a four-part series revealing that there were many health risks related to BGH and that Florida supermarket chains did little to avoid selling milk from cows treated with the hormone, despite assuring customers otherwise.

According to Akre and Wilson, the station was initially very excited about the series. But within a week, Fox executives and their attorneys wanted the reporters to use statements from Monsanto representatives that the reporters knew were false and to make other revisions to the story that were in direct conflict with the facts. Fox editors then tried to force Akre and Wilson to continue to produce the distorted story. When they refused and threatened to report Fox's actions to the FCC, they were both fired.(Project Censored #12 1997)

Akre and Wilson sued the Fox station and on August 18, 2000, a Florida jury unanimously decided that Akre was wrongfully fired by Fox Television when she refused to broadcast (in the jury's words)“a false, distorted or slanted story” about the widespread use of BGH in dairy cows. They further maintained that she deserved protection under Florida's whistle blower law. Akre was awarded a $425,000 settlement. Inexplicably, however, the court decided that Steve Wilson, her partner in the case, was ruled not wronged by the same actions taken by FOX.

FOX appealed the case, and on February 14, 2003 the Florida Second District Court of Appeals unanimously overturned the settlement awarded to Akre. The Court held that Akre’s threat to report the station’s actions to the FCC did not deserve protection under Florida’s whistle blower statute, because Florida’s whistle blower law states that an employer must violate an adopted “law, rule, or regulation." In a stunningly narrow interpretation of FCC rules, the Florida Appeals court claimed that the FCC policy against falsification of the news does not rise to the level of a "law, rule, or regulation," it was simply a "policy." Therefore, it is up to the station whether or not it wants to report honestly.

During their appeal, FOX asserted that there are no written rules against distorting news in the media. They argued that, under the First Amendment, broadcasters have the right to lie or deliberately distort news reports on public airwaves.

Fox attorneys did not dispute Akre’s claim that they pressured her to broadcast a false story, they simply maintained that it was their right to do so.

You know I hate to have to point out the obvious but once you admit that you "lie or deliberately distort news reports on public You're not reliable source.

“Radical Islam! Radical Islam! ”

Since: Mar 08

Location hidden

#3 Feb 10, 2013
catfish59 wrote:
In a 2003 lawsuit Fox News admitted that they lie and distort the news.
.
In February 2003, a Florida Court of Appeals unanimously agreed with an assertion by FOX News that there is no rule against distorting or falsifying the news in the United States.
Back in December of 1996, Jane Akre and her husband, Steve Wilson, were hired by FOX as a part of the Fox “Investigators” team at WTVT in Tampa Bay, Florida. In 1997 the team began work on a story about bovine growth hormone (BGH), a controversial substance manufactured by Monsanto Corporation. The couple produced a four-part series revealing that there were many health risks related to BGH and that Florida supermarket chains did little to avoid selling milk from cows treated with the hormone, despite assuring customers otherwise.
According to Akre and Wilson, the station was initially very excited about the series. But within a week, Fox executives and their attorneys wanted the reporters to use statements from Monsanto representatives that the reporters knew were false and to make other revisions to the story that were in direct conflict with the facts. Fox editors then tried to force Akre and Wilson to continue to produce the distorted story. When they refused and threatened to report Fox's actions to the FCC, they were both fired.(Project Censored #12 1997)
Akre and Wilson sued the Fox station and on August 18, 2000, a Florida jury unanimously decided that Akre was wrongfully fired by Fox Television when she refused to broadcast (in the jury's words)“a false, distorted or slanted story” about the widespread use of BGH in dairy cows. They further maintained that she deserved protection under Florida's whistle blower law. Akre was awarded a $425,000 settlement. Inexplicably, however, the court decided that Steve Wilson, her partner in the case, was ruled not wronged by the same actions taken by FOX.
FOX appealed the case, and on February 14, 2003 the Florida Second District Court of Appeals unanimously overturned the settlement awarded to Akre. The Court held that Akre’s threat to report the station’s actions to the FCC did not deserve protection under Florida’s whistle blower statute, because Florida’s whistle blower law states that an employer must violate an adopted “law, rule, or regulation." In a stunningly narrow interpretation of FCC rules, the Florida Appeals court claimed that the FCC policy against falsification of the news does not rise to the level of a "law, rule, or regulation," it was simply a "policy." Therefore, it is up to the station whether or not it wants to report honestly.
During their appeal, FOX asserted that there are no written rules against distorting news in the media. They argued that, under the First Amendment, broadcasters have the right to lie or deliberately distort news reports on public airwaves.
Fox attorneys did not dispute Akre’s claim that they pressured her to broadcast a false story, they simply maintained that it was their right to do so.
You know I hate to have to point out the obvious but once you admit that you "lie or deliberately distort news reports on public You're not reliable source.
Truth hurts, don't it catfish...lol

You can research all the facts stated in Truthbetold's post, but, as your post above proves, you’re more the lie and smear type guy.

Can't argue any facts at all.

Basically, you have all the qualities of a "Good democrat"...lol
guest ii

Caruthersville, MO

#4 Feb 11, 2013
catfish59 wrote:
In a 2003 lawsuit Fox News admitted that they lie and distort the news.
.
In February 2003, a Florida Court of Appeals unanimously agreed with an assertion by FOX News that there is no rule against distorting or falsifying the news in the United States.
Back in December of 1996, Jane Akre and her husband, Steve Wilson, were hired by FOX as a part of the Fox “Investigators” team at WTVT in Tampa Bay, Florida. In 1997 the team began work on a story about bovine growth hormone (BGH), a controversial substance manufactured by Monsanto Corporation. The couple produced a four-part series revealing that there were many health risks related to BGH and that Florida supermarket chains did little to avoid selling milk from cows treated with the hormone, despite assuring customers otherwise.
According to Akre and Wilson, the station was initially very excited about the series. But within a week, Fox executives and their attorneys wanted the reporters to use statements from Monsanto representatives that the reporters knew were false and to make other revisions to the story that were in direct conflict with the facts. Fox editors then tried to force Akre and Wilson to continue to produce the distorted story. When they refused and threatened to report Fox's actions to the FCC, they were both fired.(Project Censored #12 1997)
Akre and Wilson sued the Fox station and on August 18, 2000, a Florida jury unanimously decided that Akre was wrongfully fired by Fox Television when she refused to broadcast (in the jury's words)“a false, distorted or slanted story” about the widespread use of BGH in dairy cows. They further maintained that she deserved protection under Florida's whistle blower law. Akre was awarded a $425,000 settlement. Inexplicably, however, the court decided that Steve Wilson, her partner in the case, was ruled not wronged by the same actions taken by FOX.
FOX appealed the case, and on February 14, 2003 the Florida Second District Court of Appeals unanimously overturned the settlement awarded to Akre. The Court held that Akre’s threat to report the station’s actions to the FCC did not deserve protection under Florida’s whistle blower statute, because Florida’s whistle blower law states that an employer must violate an adopted “law, rule, or regulation." In a stunningly narrow interpretation of FCC rules, the Florida Appeals court claimed that the FCC policy against falsification of the news does not rise to the level of a "law, rule, or regulation," it was simply a "policy." Therefore, it is up to the station whether or not it wants to report honestly.
During their appeal, FOX asserted that there are no written rules against distorting news in the media. They argued that, under the First Amendment, broadcasters have the right to lie or deliberately distort news reports on public airwaves.
Fox attorneys did not dispute Akre’s claim that they pressured her to broadcast a false story, they simply maintained that it was their right to do so.
You know I hate to have to point out the obvious but once you admit that you "lie or deliberately distort news reports on public You're not reliable source.
You forgot to mention that Fox also was banned in Canada for 96% of inaccuracies on climate change.

Palin gets the boot, cant wait to see Karl Rove get canned. The night of the election will go down in media history of a meltdown of a political adviser on TV. Funnier that he was a former Bush adviser. Red where Rove now is attacking Ashley Judd who is rumored to run against Mitch O'Connell. Ashley haunt even announced anything and Rove went full blitz of attacking her. Got to love the idiots in the media, especially the Fox idiots. Poor ol Beck, people cant see him cry on the radio. Its all hes got left. LOL
guest ii

Caruthersville, MO

#5 Feb 11, 2013
Forgot spellchecker. Should have read "Read" and "Hasn't". Sorry catfish59.

Since: Oct 11

Location hidden

#6 Feb 11, 2013
ComradeWinston wrote:
<quoted text>
Truth hurts, don't it catfish...lol
You can research all the facts stated in Truthbetold's post, but, as your post above proves, you’re more the lie and smear type guy.
Can't argue any facts at all.
Basically, you have all the qualities of a "Good democrat"...lol
Facts are Fox news lies. They said it themselves. You want to believe their made up bs, lies, Go ahead. You want to stay brainwashed all your life, go ahead. Keep drinking that tea.

Those of us who have minds of our own will NOT believe their bs.

You want to stand with Murdock and his anti American propaganda. Go ahead. I won't.

By the way, maybe you should think about living in the new world that glenn beck is going to build.

Ya'll could all meet ever night and hold hands around the glenn beck staute while singing beck praises.

Nothing on tv and radio but fox news, glenn beck and rush.
guest ii

Caruthersville, MO

#7 Feb 11, 2013
catfish59 wrote:
<quoted text>
Facts are Fox news lies. They said it themselves. You want to believe their made up bs, lies, Go ahead. You want to stay brainwashed all your life, go ahead. Keep drinking that tea.
Those of us who have minds of our own will NOT believe their bs.
You want to stand with Murdock and his anti American propaganda. Go ahead. I won't.
By the way, maybe you should think about living in the new world that glenn beck is going to build.
Ya'll could all meet ever night and hold hands around the glenn beck staute while singing beck praises.
Nothing on tv and radio but fox news, glenn beck and rush.
I can see Beck and CW together. Might need a life jacket from all those tears they both cry.
John Doe

Poplar Bluff, MO

#8 Feb 13, 2013
Will someone please explain what this entire debate about FNC has to do with the base post? Is it that you are trying to divert the attention from the base post about Democratic spending and it affect? Why not address the post with solid facts from nonpartisan sources instead of trying to divert to something else?
truthbetold

Steele, MO

#9 Feb 13, 2013
John Doe wrote:
Will someone please explain what this entire debate about FNC has to do with the base post? Is it that you are trying to divert the attention from the base post about Democratic spending and it affect? Why not address the post with solid facts from nonpartisan sources instead of trying to divert to something else?
You lost them when you used the term "solid facts". You gotta remember, you're talking to a couple of "give me" Obama socialist democrats.
truthbetold

Steele, MO

#10 Feb 13, 2013
They don't care how respected the source is, if it speaks ill of their savior Obama.

Since: Oct 11

Location hidden

#11 Feb 13, 2013
John Doe wrote:
Will someone please explain what this entire debate about FNC has to do with the base post? Is it that you are trying to divert the attention from the base post about Democratic spending and it affect? Why not address the post with solid facts from nonpartisan sources instead of trying to divert to something else?
OK JD, what nonpartisan sources are you talking about? Give us your list.

If your not scare someone can determine that your nonpartisan sources isn't nonpartisan.
Far Away

Anchorage, AK

#12 Feb 13, 2013
Facts don't recognize parties, catfish.
bob

Kansas City, MO

#13 Feb 13, 2013
History will show that the downfall of the us economy was the over-occupation of dozens of foreign countries and trying to fund the largest military in the world. Rome couldn't pull it off. How could the US be expected to?

Since: Oct 11

Location hidden

#14 Feb 13, 2013
Far Away wrote:
Facts don't recognize parties, catfish.
Do you really think a party is going to recognize another party's FACTS. Facts are usually disguised as opinions of that party.
Far Away

Anchorage, AK

#15 Feb 13, 2013
One and one are always two. You asked for non-partisan sources and my point was that the source is irrelevant if the fact is proved.

Since: Oct 11

Location hidden

#16 Feb 13, 2013
Far Away wrote:
One and one are always two. You asked for non-partisan sources and my point was that the source is irrelevant if the fact is proved.
There not one fact that one party has that the other party facts shows it's not a fact. It depends on what facts you want to believe.

I ask JD to give his list of nonpartisan sources. He always tells people to read them. He needs to man up and list them or shut up about them.

He ask people all the time where they get their information from and to post it. He talks about getting his information from nonpartisan sources.

If it's true he should list them.
Far Away

Anchorage, AK

#18 Feb 13, 2013
My apology... here's the primary source:

http://www.nber.org/papers/w18609
Far Away

Anchorage, AK

#19 Feb 13, 2013
You can download the complete paper from

http://www.google.com/url...

free.
guest ii

Caruthersville, MO

#20 Feb 24, 2013
"This country does in fact have a serious deficit problem, But the reality is that the deficit was caused by two wars — unpaid for. It was caused by huge tax breaks for the wealthiest people in this country. It was caused by a recession as result of the greed, recklessness and illegal behavior on Wall Street. And if those are the causes of the deficit, I will be damned if we’re going to balance the budget on backs of the elderly, the sick, the children, and the poor. That’s wrong.”

Sen. Bernie Sanders (I-VA)
truthbetold

Steele, MO

#21 Feb 24, 2013
John Doe wrote:
Will someone please explain what this entire debate about FNC has to do with the base post? Is it that you are trying to divert the attention from the base post about Democratic spending and it affect? Why not address the post with solid facts from nonpartisan sources instead of trying to divert to something else?
Again, let's review:

-President Bush went to Congress repeatedly for years warning them that Fannie Mae and Freddie Mac were going to destroy the economy (17 times in 2008 alone). Democrats continuously ignored him, shut down his proposals along party lines and continued raiding the institutions for campaign contributions on their way down.

Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown.

-John McCain also co-sponsored urgently critical reforms that would have prevented the housing market collapse, but Democrats shut that down as well, along party lines, and even openly ridiculed anyone who suggested reforms were necessary...to protect their taxpayer-funded campaign contributions as the economy raced uncontrollably toward the cliff.

-No one was making bad loans to unqualified people until Democrats came along and threatened to drag banks into court and have them fined and branded as racists if they didn't go along with the left's Affirmative Action lending policies...all while federally insuring their losses. Even the New York Times warned in the late 1990s that Democrats continuing to force banks into lowering their standards would lead to this exact catastrophe.

-Obama himself is even on the record personally helping sue one lender (Citibank) into lowering its lending standards to include people from extremely poor and unstable areas, which even one of the left's favorite blatantly partisan "fact-checkers," Snopes, admits (while pretending to 'set the record straight').

-Even The New York Times admitted that there is "little evidence" of any connection between the "Republican" deregulation measures Obama blames, like the Gramm-Bleach-Liley Act (signed into law by a Democrat), and the collapse of the housing market.

But non-Fox media have spent years deliberately and relentlessly inoculating people against the facts, training them to mindlessly blame Bush for being in charge when Democrat policies destroyed the economy. So here we sit, to this day, still watching Obama excuse and shrug off endless economic failures, illegal government takeovers and utter national bankruptcy with zero accountability.

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