Quote from: Renee post_id=391459 time=1606135219 user_id=156

Quote from: Edward post_id=391378 time=1606093545

Quote from: Edward post_id=391377 time=1606092880
Actually, pay for the bottom 25 percent of wage earners, who account for 82 percent of the population, rose 4.5 percent in November 2019 from the year-ago period, according to recent data published by the Federal Reserve Bank of Atlanta. That's the highest since July 2008. These are the people that have the most to lose from Biden globalist America last approach to governing or rather selling out.

You are so full of shit. 2008 was during the recession caused by the Republicans.

STFU, you degenerate pos. The 2008 recession was caused by the collapse of the housing bubble which was started by the Clinton administration and allowed to run wild by congressional democraps such as Chris Dod and company on the Banking Committee...You know nothing about American politics or American history. You're nothing but a crayon college drop out, so fuck off.



Shouldn't you be ogling pictures of raped children or stalking someone off line?....Because you sure as shit shouldn't be talking American politics, you empty headed, pile of shit.

Quote from: Renee post_id=391459 time=1606135219 user_id=156

Quote from: Edward post_id=391378 time=1606093545

Quote from: Edward post_id=391377 time=1606092880
Actually, pay for the bottom 25 percent of wage earners, who account for 82 percent of the population, rose 4.5 percent in November 2019 from the year-ago period, according to recent data published by the Federal Reserve Bank of Atlanta. That's the highest since July 2008. These are the people that have the most to lose from Biden globalist America last approach to governing or rather selling out.

You are so full of shit. 2008 was during the recession caused by the Republicans.

STFU, you degenerate pos. The 2008 recession was caused by the collapse of the housing bubble which was started by the Clinton administration and allowed to run wild by congressional democraps such as Chris Dod and company on the Banking Committee...You know nothing about American politics or American history. You're nothing but a crayon college drop out, so fuck off.



Shouldn't you be ogling pictures of raped children or stalking someone off line?....Because you sure as shit shouldn't be talking American politics, you empty headed, pile of shit.

Quote from: Edward post_id=391378 time=1606093545

Quote from: Edward post_id=391377 time=1606092880
Actually, pay for the bottom 25 percent of wage earners, who account for 82 percent of the population, rose 4.5 percent in November 2019 from the year-ago period, according to recent data published by the Federal Reserve Bank of Atlanta. That's the highest since July 2008. These are the people that have the most to lose from Biden globalist America last approach to governing or rather selling out.

You are so full of shit. 2008 was during the recession caused by the Republicans.

Quote from: Edward post_id=391418 time=1606110443

Quote from: seoulbro post_id=391412 time=1606107758 user_id=114

Quote from: cc post_id=391402 time=1606103909 user_id=88

Quote from: Edward post_id=391394 time=1606097550
Anything Obama put forward was maliciously shot down by Mitch McConnell as well. If the Democrats are able to tie up the senate everything will be fine. Otherwise Mitch McConnell is hellbent on destroying America to make the Democrats look bad.

The dipshit 0 had 8 years, much of it with all houses



What did he achieve?



Answer = 0 achieved 0



I know, I know. CNN says ..................

Obama presided over the weakest recovery in US history. No surprise, he didn't campaign on high growth like Clinton did in 1996 and Trump in 2016. As we know now the Clinton growth strategy was reckless and unsustainable. The Trump growth strategy focused on the real economy(manufacturing, resource development) and not on creating an artificial housing and dotcom bubble.

100% Mitch McConnell. He blocked everything Obama put forward. He is currently blocking stimulus and covid relief. Real scumbag.

Quote from: seoulbro post_id=391412 time=1606107758 user_id=114

Quote from: cc post_id=391402 time=1606103909 user_id=88

Quote from: Edward post_id=391394 time=1606097550
Anything Obama put forward was maliciously shot down by Mitch McConnell as well. If the Democrats are able to tie up the senate everything will be fine. Otherwise Mitch McConnell is hellbent on destroying America to make the Democrats look bad.

The dipshit 0 had 8 years, much of it with all houses



What did he achieve?



Answer = 0 achieved 0



I know, I know. CNN says ..................

Obama presided over the weakest recovery in US history. No surprise, he didn't campaign on high growth like Clinton did in 1996 and Trump in 2016. As we know now the Clinton growth strategy was reckless and unsustainable. The Trump growth strategy focused on the real economy(manufacturing, resource development) and not on creating an artificial housing and dotcom bubble.

Quote from: cc post_id=391402 time=1606103909 user_id=88

Quote from: Edward post_id=391394 time=1606097550
Anything Obama put forward was maliciously shot down by Mitch McConnell as well. If the Democrats are able to tie up the senate everything will be fine. Otherwise Mitch McConnell is hellbent on destroying America to make the Democrats look bad.

The dipshit 0 had 8 years, much of it with all houses



What did he achieve?



Answer = 0 achieved 0



I know, I know. CNN says ..................

Quote from: Edward post_id=391394 time=1606097550
Anything Obama put forward was maliciously shot down by Mitch McConnell as well. If the Democrats are able to tie up the senate everything will be fine. Otherwise Mitch McConnell is hellbent on destroying America to make the Democrats look bad.

QuoteIn 1995, using the powers of the presidency, Bill Clinton turned the 1977 Community Reinvestment Act into an aggressive program that basically forced banks to lend money to "underserved" communities. That meant those with low incomes who couldn't necessarily repay a loan.



Meanwhile, his Department of Housing and Urban Development got involved in a big way.



Jack Cashill, writing for the American Thinker, notes: "HUD, which Congress had made the regulator of Fannie Mae and Freddie Mac in 1992, began to pressure these agencies to set numerical goals for affordable housing, even if that meant buying subprime mortgages. The media cheered the agencies on."



Under HUD Secretary Andrew Cuomo, the agency became particularly aggressive, in 2000 making a goal of over $1 trillion in new loans to low-income minority households. Fannie Mae and Freddie Mac were told to make at least half of their loans to low- and moderate-income borrowers, mainly minorities.



Banks suddenly found that regulators had the power to refuse their branch expansions or reject a merger if they weren't making enough loans to otherwise unqualified minority borrowers. So they played along. They made the loans, and Freddie and Fannie bought the loans right back. It was like a game of musical chairs, and the Fed kept the game going in the early 2000s by cutting interest rates.



Every time Republicans in Congress or President Bush talked about reforming housing programs, Democrats like Rep. Barney Frank of Massachusetts and Sen. Chris Dodd of Connecticut threw fits, threatening to gum up Congress and implying that GOP lawmakers were racists. The Republicans backed off.



From 1997 to 2007, with the Fed slashing interest rates and flooding the banking system with liquidity, home lending soared. Banks abandoned long-standing lending standards to avoid being punished by regulators or singled out by newly empowered "community groups" such as ACORN as anti-minority.



"As a result of these policies," wrote Peter J. Wallison, a member of the Financial Crisis Inquiry Commission, in a scathing dissent from the group's official findings, "by the middle of 2007, there were approximately 27 million subprime and Alt-A mortgages in the U.S. financial system — half of all mortgages outstanding — with an aggregate value of over $4.5 trillion." And by 2008, Fannie and Freddie had on their books more than three-quarters of all U.S. subprime and Alt-A loans made.



When the Fed began raising interest rates to slow inflation, and put a brake on soaring housing prices, many of the loans made to low-income black and Hispanic borrowers predictably fell into delinquency or default — leaving mortgage lenders, Fannie and Freddie, and Wall Street with enormous losses.

Quote from: seoulbro post_id=391381 time=1606094303 user_id=114

Quote from: Edward post_id=391378 time=1606093545

Quote from: Edward post_id=391377 time=1606092880
Actually, pay for the bottom 25 percent of wage earners, who account for 82 percent of the population, rose 4.5 percent in November 2019 from the year-ago period, according to recent data published by the Federal Reserve Bank of Atlanta. That's the highest since July 2008. These are the people that have the most to lose from Biden globalist America last approach to governing or rather selling out.

You are so full of shit. 2008 was during the recession caused by the Republicans.

Make up your mind. The post above indicates you do have a clue and then post this kind of ignorant nonsense.



The financial crisis was global. In the US the trigger was the sub prime mortgage crisis. It had it's origins in the presidency of Bill Clinton. Clinton repealed the Glass-Steagall Act, a cornerstone of Depression-era regulation. He also signed the Commodity Futures Modernization Act, which exempted credit-default swaps from regulation. In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods. Certainly Bush continued the failed policy of encouraging lending to people who can't afford to pay it back.

Quote from: seoulbro post_id=391381 time=1606094303 user_id=114

Quote from: Edward post_id=391378 time=1606093545

Quote from: Edward post_id=391377 time=1606092880
Actually, pay for the bottom 25 percent of wage earners, who account for 82 percent of the population, rose 4.5 percent in November 2019 from the year-ago period, according to recent data published by the Federal Reserve Bank of Atlanta. That's the highest since July 2008. These are the people that have the most to lose from Biden globalist America last approach to governing or rather selling out.

You are so full of shit. 2008 was during the recession caused by the Republicans.

Make up your mind. The post above indicates you do have a clue and then post this kind of ignorant nonsense.



The financial crisis was global. In the US the trigger was the sub prime mortgage crisis. It had it's origins in the presidency of Bill Clinton. Clinton repealed the Glass-Steagall Act, a cornerstone of Depression-era regulation. He also signed the Commodity Futures Modernization Act, which exempted credit-default swaps from regulation. In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods. Certainly Bush continued the failed policy of encouraging lending to people who can't afford to pay it back.