it was housing that led to the banking crash but still.
And we all know who demanded that banks give loans to people unable to pay them back
Who???
"We can put light where there's darkness, and hope where there's despondency in this country. And part of it is working together as a nation to encourage folks to own their own home."
- President George W. Bush, Oct. 15, 2002
Bush, in Atlanta to introduce a plan to increase the number of minority homeowners by 5.5 million, was touring Park Place South, a development of starter homes in a neighborhood once marked by blight and crime.
"Part of economic security," Bush declared that day, "is owning your own home."
In a bid to boost minority homeownership, President Bush will ask Congress for authority to eliminate the down-payment requirement for Federal Housing Administration loans. In announcing the plan Monday at a home builders show in Las Vegas, Federal Housing Commissioner John Weicher called the proposal the "most significant FHA initiative in more than a decade." It would lead to 150,000 first-time owners annually, he said.
The index is an outgrowth of recent Federal Reserve Bank of Philadelphia research that finds that the index tends to increase near elections and during debates over such contentious policies as the debt ceiling and health-care reform. Research suggests that increased partisan conflict increases uncertainty among firms and households. Such uncertainty has been shown to slow economic activity by delaying business investment and consumer spending.
I've said it a hundred times. Consumer spending drives roughly 70% of our economy. When there's political discourse (on both sides), people don't want to spend money.
I didn't move the goal posts at all. Check back I was repeating a post I made earlier before wiki boy showed up with his bullshit
this is a bullshit recovery with anemic growth bordering on non existent and it belongs to Obama and the democrats. Of course you have been schooled on this many times before here.
there was partisan discord, not discourse, during Reagan. More in fact. Just more bullshit excuses for the failure in chief Obama
People don't want to spend money when they don't have it or don't trust the future. they don't trust Obama or his policies or their job
I didn't move the goal posts at all. Check back I was repeating a post I made earlier before wiki boy showed up with his bullshit
this is a bullshit recovery with anemic growth bordering on non existent and it belongs to Obama and the democrats. Of course you have been schooled on this many times before here.
there was partisan discord, not discourse, during Reagan. More in fact. Just more bullshit excuses for the failure in chief Obama
People don't want to spend money when they don't have it or don't trust the future. they don't trust Obama or his policies or their job
Come on Race, you are better than that. During Reagan, there was actually agreement on some issues politically. During Clinton there was agreement on issues. During Bush there was a agreement on issues. During Obama.... Nothing.
What's sad is your complete dismissal of Republicans ever doing anything wrong. As if it's all Democrats fault.
The index is an outgrowth of recent Federal Reserve Bank of Philadelphia research that finds that the index tends to increase near elections and during debates over such contentious policies as the debt ceiling and health-care reform. Research suggests that increased partisan conflict increases uncertainty among firms and households. Such uncertainty has been shown to slow economic activity by delaying business investment and consumer spending.
I've said it a hundred times. Consumer spending drives roughly 70% of our economy. When there's political discourse (on both sides), people don't want to spend money.
Thinking consumer spending drives most of the economy is your first error
The index is an outgrowth of recent Federal Reserve Bank of Philadelphia research that finds that the index tends to increase near elections and during debates over such contentious policies as the debt ceiling and health-care reform. Research suggests that increased partisan conflict increases uncertainty among firms and households. Such uncertainty has been shown to slow economic activity by delaying business investment and consumer spending.
I've said it a hundred times. Consumer spending drives roughly 70% of our economy. When there's political discourse (on both sides), people don't want to spend money.
Thinking consumer spending drives most of the economy is your first error
I didn't move the goal posts at all. Check back I was repeating a post I made earlier before wiki boy showed up with his bullshit
this is a bullshit recovery with anemic growth bordering on non existent and it belongs to Obama and the democrats. Of course you have been schooled on this many times before here.
there was partisan discord, not discourse, during Reagan. More in fact. Just more bullshit excuses for the failure in chief Obama
People don't want to spend money when they don't have it or don't trust the future. they don't trust Obama or his policies or their job
Come on Race, you are better than that. During Reagan, there was actually agreement on some issues politically. During Clinton there was agreement on issues. During Bush there was a agreement on issues. During Obama.... Nothing.
What's sad is your complete dismissal of Republicans ever doing anything wrong. As if it's all Democrats fault.
You still hate facts.
Clinton tried to ramrod Healthcare down Congrefs throat when He took office. It failed miserably and created mistrust to the other side of the aisle to the point He couldn't get shit done until near the end if his 1st term. But Bubba actually had some ambition and reached out to the other side of the aisles leaders and made some deals.
Obumma took advantage of his sheeple majority and secured all of the votes that He needed BEFORE he even took office. He was stupid enough to think that He would enjoy some super majority and therefore never even tried in 7 years to negotiate allies on the other side of the aisle. He just acted like Royalty and hasn't accomplished anything in his Presidency other than weakening our position in the World and crippling the backbone of this country. The Middle Class.
I didn't move the goal posts at all. Check back I was repeating a post I made earlier before wiki boy showed up with his bullshit
this is a bullshit recovery with anemic growth bordering on non existent and it belongs to Obama and the democrats. Of course you have been schooled on this many times before here.
there was partisan discord, not discourse, during Reagan. More in fact. Just more bullshit excuses for the failure in chief Obama
People don't want to spend money when they don't have it or don't trust the future. they don't trust Obama or his policies or their job
Come on Race, you are better than that. During Reagan, there was actually agreement on some issues politically. During Clinton there was agreement on issues. During Bush there was a agreement on issues. During Obama.... Nothing.
What's sad is your complete dismissal of Republicans ever doing anything wrong. As if it's all Democrats fault.
You still hate facts.
Clinton tried to ramrod Healthcare down Congrefs throat when He took office. It failed miserably and created mistrust to the other side of the aisle to the point He couldn't get shit done until near the end if his 1st term. But Bubba actually had some ambition and reached out to the other side of the aisles leaders and made some deals.
Obumma took advantage of his sheeple majority and secured all of the votes that He needed BEFORE he even took office. He was stupid enough to think that He would enjoy some super majority and therefore never even tried in 7 years to negotiate allies on the other side of the aisle. He just acted like Royalty and hasn't accomplished anything in his Presidency other than weakening our position in the World and crippling the backbone of this country. The Middle Class.
But yeah. All of that was Bush's fault.
Couldn't get shit done, except for a major tax hike.
But still.
Your vision of Obama and blaming it all on him is about the most fucktarded thing I've ever read. That's like saying a dude couldn't get along with his crazy wife and blaming it all on the dude.
Remember this?
"The single most important thing we want to achieve is for President Obama to be a one-term president,"
Comments
"You know, really it's a Republican bill" *posts link to actual vote from an encyclopedia.
"Well you don't know shit"
Nice educated response as always.
And we all know who demanded that banks give loans to people unable to pay them back
"We can put light where there's darkness, and hope where there's despondency in this country. And part of it is working together as a nation to encourage folks to own their own home."
- President George W. Bush, Oct. 15, 2002
Bush, in Atlanta to introduce a plan to increase the number of minority homeowners by 5.5 million, was touring Park Place South, a development of starter homes in a neighborhood once marked by blight and crime.
"Part of economic security," Bush declared that day, "is owning your own home."
http://mobile.nytimes.com/2008/12/21/business/worldbusiness/21iht-admin.4.18853088.html?_r=0
In a bid to boost minority homeownership, President Bush will ask Congress for authority to eliminate the down-payment requirement for Federal Housing Administration loans.
In announcing the plan Monday at a home builders show in Las Vegas, Federal Housing Commissioner John Weicher called the proposal the "most significant FHA initiative in more than a decade." It would lead to 150,000 first-time owners annually, he said.
http://usatoday30.usatoday.com/money/perfi/housing/2004-01-20-fha_x.htm
But back to my point - its not whose fault it was its why has this fake recovery been so shitty and why did Reagan do so much better?
Hillary will be running for re election in a recession just like McCain
Good luck the rest of the way
To answer this question.... Here's the reason:
https://www.philadelphiafed.org/research-and-data/real-time-center/partisan-conflict-index
The index is an outgrowth of recent Federal Reserve Bank of Philadelphia research that finds that the index tends to increase near elections and during debates over such contentious policies as the debt ceiling and health-care reform. Research suggests that increased partisan conflict increases uncertainty among firms and households. Such uncertainty has been shown to slow economic activity by delaying business investment and consumer spending.
I've said it a hundred times. Consumer spending drives roughly 70% of our economy. When there's political discourse (on both sides), people don't want to spend money.
this is a bullshit recovery with anemic growth bordering on non existent and it belongs to Obama and the democrats. Of course you have been schooled on this many times before here.
there was partisan discord, not discourse, during Reagan. More in fact. Just more bullshit excuses for the failure in chief Obama
People don't want to spend money when they don't have it or don't trust the future. they don't trust Obama or his policies or their job
What's sad is your complete dismissal of Republicans ever doing anything wrong. As if it's all Democrats fault.
You still hate facts.
Obama is a failure. Own it
I other words, you don't like the truth, so you find something else to shit on. Nice work.
To answer this question.... Here's the reason:
https://www.philadelphiafed.org/research-and-data/real-time-center/partisan-conflict-index
The index is an outgrowth of recent Federal Reserve Bank of Philadelphia research that finds that the index tends to increase near elections and during debates over such contentious policies as the debt ceiling and health-care reform. Research suggests that increased partisan conflict increases uncertainty among firms and households. Such uncertainty has been shown to slow economic activity by delaying business investment and consumer spending.
I've said it a hundred times. Consumer spending drives roughly 70% of our economy. When there's political discourse (on both sides), people don't want to spend money.
Thinking consumer spending drives most of the economy is your first error
Ok genius. What drives the economy then?
Obumma took advantage of his sheeple majority and secured all of the votes that He needed BEFORE he even took office. He was stupid enough to think that He would enjoy some super majority and therefore never even tried in 7 years to negotiate allies on the other side of the aisle. He just acted like Royalty and hasn't accomplished anything in his Presidency other than weakening our position in the World and crippling the backbone of this country. The Middle Class.
But yeah. All of that was Bush's fault.
But still.
Your vision of Obama and blaming it all on him is about the most fucktarded thing I've ever read. That's like saying a dude couldn't get along with his crazy wife and blaming it all on the dude.
Remember this?
"The single most important thing we want to achieve is for President Obama to be a one-term president,"