Frank as a member of the House Minority had no power to block anything. Either you don't know how the House operates or you're perpetrating a fraud.
Uh huh. You'd like to "leave it there," but I'm calling your bluff. This doesn't even make sense. What does "the housing market has no conscience as to MBS..." mean? This is bafflegab. Some "expert." Anyone interested can see how easy it is to get a broker's license in California.... http://www.realestatelicensing.net/Frequently-Asked-Questions/ proving your case instead of just telling us you're a genius.
There were three other candidates to vote for, you enabled Trump to be President by not voting. You have no standing to complain.
Looks like GDP growth was varied over the last 3 years of Obama. Trump really has not double GDP from any year to year comparison with Obama. He has not even hit a 5 year high. Although, looking at data does not matter. If you think it is double, in your world it is. I guess you can just take Q2 of this year and just say it was double any year average from 2015 to 2016, but ignore that 5 percent at Q3 of 2014 because it makes your 4.1 bar look small.
No, Trump hasn't "got the economy moving" unless you think his deficit spending sugar high to levels the economy was growing in 2012 is a BFD. Unemployment has dropped from about 5% to 4%, but real wages have gone down. They were going up during Obsma's last two years. Instead of paying attention to propaganda about the economy, you might consider going to this website https://fred.stlouisfed.org/ at the St. Louis Fed and doing your own research.
Where did you get that little bit of propaganda? You do realize, don't you, Trump bought a little extra growth with deficit spending?
I'm not obliged to support one of your lame choices. I protested the choice between the Sociopath-in-Chief and Useless Hillary by not choosing.
Your problem is you got busted. You do not believe you proved your case do you? I got my brokers license in 1973 and if you think that ended my education guess again. By CA law, I am a person qualified as an expert in courts of law. You yapped about the MBS. But that never was why the market dumped. It was the only factor seized on by Democrats who wanted no part of blame. As an expert it by itself does not qualify me to be a genius. My IQ scores per other experts do that. Genius is handed to humans by nature. It is no different than being a 7 ft tall basketball player who was born to be tall. If the player makes use of his height, he can definitely tower over his competition. If he is a clerk in a store, he might be best stacking the tallest shelves. Some nitwits assume when a person has the extreme high in IQ! they are boasting. But this is not a boast. Nor is being the housing expert a boast. I read too much nonsense on the housing crash and want the correct information disseminated. If your car engine makes a funny sound, you don't seek a politician to explain it, you seek a qualified auto mechanic. We have wanna be politicians who don't even understand politics yapping about the housing market. Go to college as I did and see if you can learn what I know. Am i supposed to refute your remarks? They are so wrong why bother. Here is a short lecture to satisfy your requirements. 1. We have had subprime loans since the VA loan became law. 2. We also have them with some of the FHA programs. 3. Variable rate loans did not start under Bush, we had them starting in 1976-7 as i recall. I was working with Variables at that time. We had conventional 5 percent down loans commencing in 1972 at years end. 4. Government has taken an interest in the poor for eons it seems. We have special financing for them and have had it since prior to 1971. 5. Countrywide went to talk to Fannie Mae and made demands. Fannie met those demands. 6. While true that Lehman Brothers got into the subprimes, by themselves the market could not collapse. The market is so much larger it is not possible it would not only damage the low end market, but reach a lot higher. Wealthy people lost their accumulated wealth as well. It did not hit just one segment of the market, but was more widespread. Were there other factors. Yes. Such as the logistics of buying a home a long distance from a job and seeing your fuel costs rise rapidly. When your choice is making a house payment or driving to work you probably pick the job. And when it gets shaky, you are SOL up the creek with no paddle. I blame Fannie Mae in large part simply because we in the lending industry obey their rules. The public is not told this, but it is true. They set the lending parameters. We don't get to do that. They set the appraisal rules too. They have no role at all in home sales since we Brokers don't go by those rules. I am more than a Broker of property, I owned a Mortgage firm for years. I also owned an appraisal firm. My appraisals were sought from long distance lenders too. Meaning I got orders from as far away as Florida. But not for Florida property but property in the SF Bay area by lenders who had bought loans made here. I am saying i saw this industry from a number of sides. A Real Estate broker alone does not have this experience. But they are experts where they are in their housing markets. And you would be shocked at how much law they must know. And they are trained even in appraisals. And they must know financing. Whoever fed you the line it was the MBS fed you nonsense. It did have a role, but not the role you want it to have.
Generally the left loves deficit spending. Calls it Keynesian economics. Adores it. However the major impact on markets had by president Trump is the tax changes as well as the spending cooked into the final Obama budget.
Good grief. The economy was fine in 2006. Who took over the House? The 2008 United States House of Representatives elections were held on November 4, 2008, to elect members to the United States House of Representatives to serve in the 111th United States Congress from January 3, 2009, until January 3, 2011. It coincided with the election of Barack Obama as President. All 435 voting seats, as well as all 6 non-voting seats, were up for election. The Democratic Party, which won a majority of seats in the 2006 election, expanded its control in 2008 https://en.wikipedia.org/wiki/United_States_House_of_Representatives_elections,_2008
This criminal Whitaker will be run out on a rail or quickly castrated. 6 months from now he will be back to defrauding veterans for a scam company.
The House could have helped pass Bush's proposals, but as the New York Times said, instead Democrats there blocked it, saying there was no crisis brewing.
How come 'deficit spending sugar highs' under Obama didn't help the economy? Thank you, Donald. Not really. https://thehill.com/policy/finance/405652-trump-gets-good-news-on-wages
He has over his six full quarters. He hasn't been President for 5 years, yet. Of course it does. At 1.48% growth it takes 47.3 years for the US economy to double. At 3.0% growth it takes 23.3 years for the US economy to double. The difference between these two in terms of our ability to meet our pension and social security obligations as well as supply rising wages for our workforce is enormous. To pretend these outcomes are the same is to engage in musings of no higher order than those of a ruttish full-gorged codpiece. 3.0 is just over double 1.48 in everyone's world. Trump's first six full quarters are double Obama's last 6 full quarters. That quarter was 4.9% and it isn't in Obama's final 6 quarters, it's in his final 10 quarters, so when Trump has 10 full quarters it will be in the comparison. Obama over his final 10 quarters average 2.23% I really hope Trump beats that, and if you care for your fellow Americans, you hope he does too.
Trump's first 6 full quarters: 3rd 18 3.5 2nd 18 4.2 1st 18 2.2 4th 17 2.3 3rd 17 2.8 2nd 17 3 Average 3% Obama's last 6 full quarters: 4th 16 1.8 3rd 16 1.9 2nd 16 2.3 1st 16 1.5 4th 15 0.4 3rd 15 1 Average 1.48% Trump's rate is double Obama's. Trump doubled Obama's GDP growth despite higher interest rates, the Fed reducing it's balance sheet AND while running up the Federal Debt LESS than Obama did. Trump has been President for 662 days. Over that period he has run up $9,711,584,108.80 LESS debt than Obama did over his final 662 days. https://www.treasurydirect.gov/NP/d...tYear=2015&endMonth=11&endDay=13&endYear=2018
The five year high was looking back at the last 5 years. As for the rest, where are you getting 1.48% vs 3.0%?
You cherry picked to exclude Trump's worst quarter and to exclude Obama's two best quarters from 15. It seems really dishonest to pick that exact range. It would be much more honest to look at one year's worth and compare it to each other year of Obama. If you do that, you have no doubling
