Where the Hell is Obama? - Page 11

"What the hell are you talking about? Clinton caused the sub-prime meltdown. His administration ORDERED banks to give mortgage loans to people who didn't even work, people who couldn't pay."


And big banks went along with it because they like to loan money to people who are going to default, LMFAO.

Boy are you off on this thread.

You tried to blame Bush for the recession and I simply pointed out who really caused it.

You haven't got one point right.

Wrong on the IRAQ WAR.
Wrong on the bailout.
Wrong on the cause of the recession.




 

Yeah 8 years after Clinton left office the Bush meltdown was Clintons fault, lol.

Name one thing the last 3 republican admins have done that would be cause for me to vote for them. And your arguement of this is Romney is crap, he is going to go with what the repub party wants.

One good thing Ninja. Just one tiny thing.

When people lost their jobs under Bush, well of course they couldn't pay their house payments.

No one can do that for you GSDAdmin, you got your spin on tight!  Nothing any Republican can say or do will earn your vote. I know I nailed that one with the right answer! LOL

It is the same type of people within each party that distort the intentions of doing good for the common man all the while keeping in mind how to protect their own asses. So there, again!

It wasn't smart of Saddam to provoke the TX cowboy, that is a history lesson on its own.

Obama kept the Bush tax cuts... seem's like that was a plus for the Republicans.
The Down Jones made record highs.... that was a plus for the Republicans.
Housing starts were never higher... that was a plus for the Repulicans.

It was all good then..... up until those pesky loans that should never have been made to people who could never repay.... bad Democrats!!! BAD BAD BAD!

And now who do you want watching your back.... Obama, who can proudly oversee a CIA rescue mission where they can cover a mile in less that an hour.... oh dang it, that's right it was a S E C R E T!   Too bad for Ambassador Stevens, I bet he wouldn't have minded a bit more fanfare instead, you know a comforting bugle call even just to say, "the Cavalry is coming!" ... something... anything?

You aren't going to change my vote, just like no matter what I say is going to change yours. And quit being so dismissive of my feelings and thoughts.

Read this article and then tell me how the Bush recession wasn't his fault. http://www.huffingtonpost.com/bob-burnett/bushs-recession-rooted-in_b_146969.html

The Dow and housing starts, not.

Now the Bush tax cuts you have something and I was waiting for that point. 8 years in office and all it produced was tax cuts but those same cuts also in part led to record deficits as the grand predictions of how the economy would grow were wrong. Instead of the rich putting the money back into business and creating jobs they shuffled it to off shore tax havens. Cause lets face it the same tax cuts for the poor and the rich are really not equal as the poor are still poor but the rich just keep getting richer. We can't compare a few hundred dollars the poor received with the hundreds of thousands and in some case the millions the rich received.

I have to give it to you Bee at least you came up with something.

http://en.wikipedia.org/wiki/Causes_of_the_late-2000s_recession

Sub-prime lending as a cause

Further information: Sub-prime mortgage crisis



GAO Historical Data

Based on the assumption that sub-prime lending precipitated the crisis, some have argued that the Clinton Administration may be partially to blame. This GAO chart plainly demonstrates that sub-prime and Alt-A loans clearly peaked after 2003.

Others have pointed to the passage of the Gramm-Leach-Bliley Act by the 106th Congress, and over-leveraging by banks and investors eager to achieve high returns on capital.

GSD...you need to understand one thing.... about business and investing, and that is there is something intangible but so very important when it comes to investing. That something is called "confidence".  That is what Obama is lacking from the monied investors. They lack confidence to invest their large funds sitting in off shore accounts. The President does not know how to restore that confidence and when he does, it will make all the difference in the world... or at least America, and then the world.

So, then are you saying they really lost confidence in Bush, because this really started under him.

http://money.msn.com/mutual-fund/article.aspx?post=09d90714-2402-4772-a6c5-86d2af7ccaed


One well-known economist says that former President George W. Bush is to blame for the current economic crisis.

Nouriel Roubini, a New York University professor nicknamed "Dr. Doom" for his dour views on the economy, says in this video that when President Obama came to power, he inherited a budget deficit of $1.2 trillion. When Bush came to power, the country had a surplus of $300 billion.

How did we get a $1.5 trillion change in our fiscal condition during Bush's time in office? Roubini lists five factors:

1. We cut taxes.

2. We spent $2 trillion on two unwinnable wars.

3. We doubled discretionary spending. Some conservatives originally aimed to "starve the beast" by cutting taxes in order to force future cuts in spending. But spending grew so out of control in Bush's term that no beast was starved, Roubini said. In fact, the beast was fed.

4. We added entitlement benefits like the Medicare drug benefit.

5. We entered the largest economic and financial crisis ever, which caused a huge increase in the deficit through the "recession deficit" and the cost of bailing out the banks and financial institutions.

You can hear more from Roubini in the following video, in which he talks about a high probability of recession in the next year or two.

Don't worry. Barack Obama and Mitt Romney are converting people to love the US Constitution, liberty and limited government more and more every day.

No, I am saying exactly what I just said... that the investing climate four years into Pres. Obama's term is lacking in providing the confidence needed to get monied investors to release their cash from the safe havens of off shore accounts. It is as simple as that. Pointing fingers, crying doom and gloom won't change a thing. What will cause meaningful change is if a climate for growing business is supported that will give investors CONFIDENCE.

Remember the stock market runs on confidence if nothing else. How else to explain a FB IPO opening worth one great amount one day and an incredible "paper" loss the next day. All these numbers and charts can be interpreted, reinterpreted and in the end if the investors are not feeling good about getting a return on their investment, that money stays safely sitting as cash and stimulating nothing, as money markets and savings accounts are earning next to nothing.

Obama does not know how to stimulate the business climate into a feeling of confidence to the point our venture capitalists can do what they do best.... stick their necks out to risk new business, for an example. 

How are housing starts where you are? Certainly there are some around here, but no one is building those McMansions any more.. have you noticed?