Once again, how did bush cause this credit problem we have right now? BTW, its the dems that are talking about bailing people out by increasing the size of the conforming loans.
Except that Aristotle could: Answer questions directed at him... Come up with arguments that stood up to the basic tests of logic and reason... Argue his points without berating and belittling the people he was arguing with... See the big picture rather than singular data points supporting an idealogical and unrealistic point of view... IOW, your self-comparison to Aristotle is so laughable that it could cause Phil Ivey to bust out in uncontrollable peals in the middle of a hand of Hold-em. I renew my request to have you explain how you are more qualified to talk about the health of the economy than a Nobel Prize winning economist. TIA
http://www.hud.gov/news/release.cfm?content=pr03-099.cfm http://www.freddiemac.com/news/archives/afford_housing/2003/chicago_060903.html D&D. Impeach Bush for forgetting what Reagan said! "The nine most terrifying words in the English language are: 'I'm from the government and I'm here to help.'"
This is not the problem, the problem are the shady lenders that came up with the NEGAM, Interest Only, ARM with 40 year amortization mortgages. And also the people who didn't read the fine prints before signing the dotted line. You also know Freddie doesn't do sub prime right?
The problem is the government lost the oversight on the lending institutions. The head of the government, our President, took credit for the housing boom that was a large part of post 9-11 economic recovery, and touted a ownership society that was built hastily on a shaky ground. When the deck of cards collapsed, heads must roll. The head of government, who has huge political stake in all of these before, shall take the responsibility of some sort after.
That's just a one time thing, a drop in the bucket compare to what the total number is. I view it more as a charity thing, this is not their business. As a rule, they don't do non-conforming loans, otherwise they would not be Freddie.
Bush did tout the ownership society, but he is not the cause for this credit problem. Like the internet bubble in the late 90s, I don't think Clinton was responsible for people paying $200 for a share of pets.com
rimrocker, nice of you to only bold the negative information. The new adjusted economic growth rate is a pretty darn good growth rate for an economy that you are trying to portray as being in the $hitter. That unemployment rate is also very low by historical standards. Man, it sucks to have to pin your political hopes on the economy tanking... and have to distort good data to do so... just another day in the life of someone who wants to divide America with negativity...
LOL fabulous. I have two options: 1) I can easily refute any of the silly politically driven posts from the libs in this thread or 2) I can go to my brokerage website and count all the additional money I made today. I'm printin' in it day in day out, baby. Economy is still robust I'll choose #2 since I don't like to waste my time
Thanks for the love. As I'm sure you'll understand when I explain it to you, the point of the post was to show that Major was right when he corrected BigT about using previous growth numbers to identify what's going on right now. Clearly, the White House agrees with Major or they wouldn't have identified the issues of concern and lowered their growth projections.
What is money(fiat) in its current form? It is just bank debt, as explained in the following video series that. http://www.youtube.com/watch?v=cy-fD78zyvI http://www.youtube.com/watch?v=hfXavRTM4Fg&feature=related http://www.youtube.com/watch?v=_yvRZoM-2r8&feature=related http://www.youtube.com/watch?v=f0p8LepIuVM&feature=related http://www.youtube.com/watch?v=PzXZ_Hs1g6U&feature=related
