What the 2012 election taught us

What the 2012 election taught us

There are 10317 comments on the The Washington Post story from Nov 6, 2012, titled What the 2012 election taught us. In it, The Washington Post reports that:

We've been scouring the data for clues as to what we should learn from what happened tonight as President Obama relatively easily claimed a second term.

Join the discussion below, or Read more at The Washington Post.

Since: Nov 12

Location hidden

#2711 Nov 20, 2012
Yeah wrote:
<quoted text>
I bet you don't even know not all banks were required to fall under CRA.
Add President Clinton to the long list of people who deserve a share of the blame for the housing bubble and bust. A recently re-exposed document shows that his administration went to ridiculous lengths to increase the national homeownership rate.

It promoted paper-thin downpayments and pushed for ways to get lenders to give mortgage loans to first-time buyers with shaky financing and incomes. It’s clear now that the erosion of lending standards pushed prices up by increasing demand, and later led to waves of defaults by people who never should have bought a home in the first place.

http://www.businessweek.com/the_thread/hotpro...

Since: Nov 12

Location hidden

#2712 Nov 20, 2012
Yeah wrote:
<quoted text>lol! Poor baby. He still can't stand to look at the facts.
Of course that would make him look silly and stupid but at least it would show he had SOME integrity!
Guess we can chuck that out the window too!
Bill Clinton's drive to increase home ownership went way too far

http://www.businessweek.com/the_thread/hotpro...
Yeah

Mililani, HI

#2713 Nov 20, 2012
La Santa Muerte wrote:
<quoted text>
Add President Clinton to the long list of people who deserve a share of the blame for the housing bubble and bust. A recently re-exposed document shows that his administration went to ridiculous lengths to increase the national homeownership rate.
It promoted paper-thin downpayments and pushed for ways to get lenders to give mortgage loans to first-time buyers with shaky financing and incomes. It’s clear now that the erosion of lending standards pushed prices up by increasing demand, and later led to waves of defaults by people who never should have bought a home in the first place.
http://www.businessweek.com/the_thread/hotpro...
lol! Wow. A columnist versus the Federal Reserve Bank.

Amazing how you give so much weight to your commentary.

Since: Aug 11

Location hidden

#2714 Nov 20, 2012
La Santa Muerte wrote:
<quoted text>
Add President Clinton to the long list of people who deserve a share of the blame for the housing bubble and bust. A recently re-exposed document shows that his administration went to ridiculous lengths to increase the national homeownership rate.
It promoted paper-thin downpayments and pushed for ways to get lenders to give mortgage loans to first-time buyers with shaky financing and incomes. It’s clear now that the erosion of lending standards pushed prices up by increasing demand, and later led to waves of defaults by people who never should have bought a home in the first place.
http://www.businessweek.com/the_thread/hotpro...
I agree, Bill Clinton deserves a share of the blame too, no doubt.

How The Democrats Caused The Financial Crisis: Starring Bill Clinton's HUD Secretary Andrew Cuomo

Yeah

Mililani, HI

#2715 Nov 20, 2012
La Santa Muerte wrote:
<quoted text>
Bill Clinton's drive to increase home ownership went way too far
http://www.businessweek.com/the_thread/hotpro...
lol! amazing. both articles by the same republican.

wow.
Eric Gustafson

Yorktown, VA

#2716 Nov 20, 2012
Excuses??????

Of the Current $15.6 Trillion in National Debt, Ronald Reagan put on $1.6 Trillion, from 880 Billion to $2.4 Trillion, George H.W. Bush, is responsible for $1 Trillion, George Jr, racked up $6.3 Trillion, for a grand total $9 Trillion of the current $15.6 Trillion, or 60% of all the debt incurred by America since George Washington was President. 3 Republican Presidents in the last 32 years. America is 236 years since the Revolutionary War.

What kind of arithmetic do republicans use to justify that it's the democrats who borrow and spend?

That's not the historical record, that is a fallacy or as some would say and outright lie, distributed by the Conservative Entertainment Network of Propaganda.

I could see telling that story to people if the internet and public records were not available.

Obama had to contend with the greatest collapse of an Economy since the Fall of the Roman Empire, and starve off the second great depression. America was falling so fast that the entire world economy was threaten. That's the worse a President has had to contend with in the History of America. the 1929 Depression in losses, was change in the washing machine compared to the Trillions loss in the Collapse of the American Economy in 2008.

and the Rich people you like to protect, since has experienced the greatest expansion of their Wealth since Obama has been in Office, the markets rebounded....... The rich in America and properly run Corporations can protect themselves, they aren't doing bad.
sage won wrote:
<quoted text>
Our economy is constantly going up and down, you have offered no proof Bush was any worse than any other president and of course you deny the ill effects of 9/11 Bush hAD TO DEAL with.
I have offered ample proof the democrats caused the housing bubble and the ensuing crash.
You idiots constantly claim republicans don't care about the workers or jobs, when nothing could be further from the truth. Without a prosperous working and middle class, how do you think the rich can make any money?
The dems do it thru borrowed money, right now we're creating a deficit bubble which of course will crash, as do all bubbles. Then you'll see never before seen inflation and stagnation of the economy.

Since: Nov 12

Location hidden

#2717 Nov 20, 2012
Anonymous of Indy wrote:
<quoted text>I agree, Bill Clinton deserves a share of the blame too, no doubt.
How The Democrats Caused The Financial Crisis: Starring Bill Clinton's HUD Secretary Andrew Cuomo
http://www.youtube.com/watch?v =Lr1M1T2Y314XX
There will always be fools who refuse to accept the fact their team is also guilty of contributing to our economy's severe recession. Refreshing to see you're not one of them.

Since: Nov 12

Location hidden

#2718 Nov 20, 2012
Yeah wrote:
<quoted text>lol! amazing. both articles by the same republican.
wow.
Typical "progressive"...all you can do is childishly disparage the source when the facts presented are irrefutable.

Since: Aug 11

Location hidden

#2719 Nov 20, 2012
La Santa Muerte wrote:
<quoted text>
There will always be fools who refuse to accept the fact their team is also guilty of contributing to our economy's severe recession. Refreshing to see you're not one of them.
I am equal opportunity I dont care what party it is, I really dont trust either one.
1 post removed
Razors Edge

Palos Hills, IL

#2721 Nov 20, 2012
typo temperature

Since: Feb 11

Location hidden

#2722 Nov 20, 2012
sage won wrote:
<quoted text>
Our economy is constantly going up and down,
The only one going down and down and down is you, child. The economy has improved in the US for three years and thanks to the GOP running a feckless candidate (according to both GingRICH and Frothy Rick, the weakest in 80 years), it promises continued growth over the next four.

Let's look forward to January, the IRS will be collecting a few billion that would otherwise be wasted on GOP superpacks.

“Ignore the trolls”

Since: Oct 08

London, UK

#2723 Nov 20, 2012
sage won wrote:
<quoted text>
You're an uneducated guido, now stfu, god ur stupid.
And you are incapable of stringing together a sensible sentece in correct English. Which makes me uneducated? Ho hum.

“Liberal Teachers ruin Kids”

Since: Mar 09

Paradise Valley Arizona

#2724 Nov 20, 2012
What the 2012 election taught us

That people will vote for un employment

2008 unemployment was 7.8%
2012 unemployment is 7.8%
4 yrs no change in our economy, after $887. Billion dollars of borrowed money spent.

Welfare seekers voted for a bad economy, when the US economy crashes, The agenda will have been met.

“Ignore the trolls”

Since: Oct 08

London, UK

#2725 Nov 20, 2012
sage won wrote:
Dumbass, who makes the laws in this country?
Obama couldn't write a dinner menu.
Not my job to educate you - clearly you do not understand how your system of government works. Your problem, not mine.

“Ignore the trolls”

Since: Oct 08

London, UK

#2726 Nov 20, 2012
sage won wrote:
<quoted text>
Wrong as all liberals are:
by Thomas J. DiLorenzo
The thousands of mortgage defaults and foreclosures in the "subprime" housing market (i.e., mortgage holders with poor credit ratings) is the direct result of thirty years of government policy that has forced banks to make bad loans to un-creditworthy borrowers. The policy in question is the 1977 Community Reinvestment Act (CRA), which compels banks to make loans to low-income borrowers and in what the supporters of the Act call "communities of color" that they might not otherwise make based on purely economic criteria.
The original lobbyists for the CRA were the hardcore leftists who supported the Carter administration and were often rewarded for their support with government grants and programs like the CRA that they benefited from. These included various "neighborhood organizations," as they like to call themselves, such as "ACORN" (Association of Community Organizations for Reform Now). These organizations claim that over $1 trillion in CRA loans have been made, although no one seems to know the magnitude with much certainty. A U.S. Senate Banking Committee staffer told me about ten years ago that at least $100 billion in such loans had been made in the first twenty years of the Act.
So-called "community groups" like ACORN benefit themselves from the CRA through a process that sounds like legalized extortion. The CRA is enforced by four federal government bureaucracies: the Fed, the Comptroller of the Currency, the Office of Thrift Supervision, and the Federal Deposit Insurance Corporation. The law is set up so that any bank merger, branch expansion, or new branch creation can be postponed or prohibited by any of these four bureaucracies if a CRA "protest" is issued by a "community group." This can cost banks great sums of money, and the "community groups" understand this perfectly well. It is their leverage. They use this leverage to get the banks to give them millions of dollars as well as promising to make a certain amount of bad loans in their communities.
And an extract from a pro-secessionist professor at a private Jesuit university proves what exactly? Yale, Harvard, Princeton, Brown's et al's profs do not seem to agree with his view of the world. How odd. Or maybe not.
1 post removed

Since: Feb 11

Location hidden

#2728 Nov 20, 2012
Vance1 wrote:
What the 2012 election taught us
That people will vote for un employment
2008 unemployment was 7.8%
If you had graduated from high school, Vince, you would have had economics and maybe the teacher would have explained to you what a trailing economic indicator is.

They use Bush to explain that today: that your loser hero started a recession in 2008 and it took a year of bad business and stock market diving to impact employment.

But you were too stupid to finish school, eh, Vince?

Now you get to cry for for more years WAHHHHHHHHHHHHHHHHHH!

Maybe you can evoke the spirit of Herman Cain?

But from Mexico, Vince- why are you still here?

“Ignore the trolls”

Since: Oct 08

London, UK

#2729 Nov 20, 2012
sage won wrote:
<quoted text>
Our economy is constantly going up and down, you have offered no proof Bush was any worse than any other president and of course you deny the ill effects of 9/11 Bush hAD TO DEAL with.
(Edited to avoid repeating bs)
One of the more unbelievable posts on a forum that manages to reach depths of ignorance. You might have noticed the world economic crisis began on Bush's watch. Or maybe you didn't.
Anyone disagreeing with your very strange view of the USA is derided as ignorant and stupid. Trouble is with your "cut and paste" approach to debate (sic) is that is simply shows you to be what you accuse others of being.

“Ignore the trolls”

Since: Oct 08

London, UK

#2730 Nov 20, 2012
La Santa Muerte wrote:
<quoted text>
Typical "progressive"...all you can do is childishly disparage the source when the facts presented are irrefutable.
Typical conservative - doesn't examine the nature of the source to establish its validity. You wouldn't make a very good historian.
Eric Gustafson

Yorktown, VA

#2731 Nov 21, 2012
Vance1 wrote:
What the 2012 election taught us
That people will vote for un employment
2008 unemployment was 7.8%
2012 unemployment is 7.8%
4 yrs no change in our economy, after $887. Billion dollars of borrowed money spent.
Welfare seekers voted for a bad economy, when the US economy crashes, The agenda will have been met.
What you conveniently over look that the unemployment rate climbing from 4%, to that 7.8% under George Bush was indeed evidence of a Crashed American Economy.

You're trying to sell the idea or theory the Economy in America was good 4 years ago, That is absurd.

Romney was trying to sell that same Idea you are, that's why he loss the election. He was a salesmen, offering delusions.

Since: Nov 12

Location hidden

#2732 Nov 21, 2012
Eric Gustafson wrote:
<quoted text>
What you conveniently over look that the unemployment rate climbing from 4%, to that 7.8% under George Bush was indeed evidence of a Crashed American Economy.
You're trying to sell the idea or theory the Economy in America was good 4 years ago, That is absurd.
Romney was trying to sell that same Idea you are, that's why he loss the election. He was a salesmen, offering delusions.
Projected cuts to our defense budget will result in countless thousands of lost jobs.

Rising taxes for EVERYONE to fund ObamaCare (and all other Obama fill-in-the-blank) will paralyze the economy.

Your party CANNOT control its mandatory taxing and spending.

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