Gallup unemployment continues to fall: New low of 7.3%.

Conservative mythology. No one forced banks and financial institution to invest in trillions of subprimes.

Fabrication is yours, isn't it?

 

How much?

 

Clinton had the benefit of the 'dot-com' boom along with a republican majority in congress.

 

Which is what I was getting at later in my post there, really. I wouldn't go so far as to accuse his administration of putting out bogus numbers (not saying it isn't possible, either), but I think we can agree that Obama has been a huge economic bummer overall.

 

That is for the poll results for any given day. That error is smoothed out over the 30 day period. Otherwise you'd see them reporting 8.3% one day and 6.3% the next.

 

http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877322,00.html

.

 

The problem is they don't know, the bigger problem you don't care...

 

Another false characterization. Pathological with you, isn't it?

 

They do know. I don't care about what?

 

Just proves how CORRUPTABLE Gallup is.I mean under a Dictatorship.
Gallup is doing what Obama loves.When caught with a hand in the cookie jar
just Double Down and sneak more cookies.

 

They certainly did. The subprime mortgage bucket went from ~30 billion to over ~330 billion by the time he left office. Housing prices were relatievely flat for decades until Clinton's second term, when he put forth an intentional plan to increase home ownership and housing prices. By the time he left office, prices were higher than at any point in history. The rising trend followed a linear path from the late 90's to 2007.

Bill Clinton's drive to increase homeownership went way too far
Add President Clinton to the long list of people who deserve a share of the blame for the housing bubble and bust. A recently re-exposed document shows that his administration went to ridiculous lengths to increase the national homeownership rate.
http://www.businessweek.com/the_thread/hotproperty/archives/2008/02/clintons_drive.html

Minorities' Home Ownership Booms Under Clinton but Still Lags Whites'
It's one of the hidden success stories of the Clinton era. In the great housing boom of the 1990s, black and Latino homeownership has surged to the highest level ever recorded. The number of African Americans owning their own home is now increasing nearly three times as fast as the number of whites; the number of Latino homeowners is growing nearly five times as fast as that of whites.
http://articles.latimes.com/1999/may/31/news/mn-42807

HOMEOWNERSHIP AND ITS BENEFITS - 1995
At the request of President Clinton, the U.S. Department of Housing
and Urban Development (HUD) is working with dozens of national
leaders in government and the housing industry to implement the
National Homeownership Strategy, an unprecedented public-private
partnership to increase homeownership to a record-high level over the
next 6 years.
http://www.huduser.org/publications/txt/hdbrf2.txt

Fannie Mae Eases Credit To Aid Mortgage Lending
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.

http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html

Bill Clinton, Home Wrecker
"I want to target new (housing) markets, underserved populations, tear down the barriers to discrimination wherever they are found," Clinton said. "We have to do a better job of reaching the underserved; of eradicating discriminatory practices that prevent minorities from finding, financing or buying the home of their choice.

"We can widen the circle of homeownership beyond anything we have ever seen," he added.

Indeed, Clinton's policies for the first time threw millions of previously unqualified buyers into the mortgage mix, fueling an unprecedented housing bubble.

http://news.investors.com/article/585922/201109231847/bill-clinton-home-wrecker.htm?p=full


Just more unintended, but always well intentioned, side-effects from liberal central planning.

 

Brewskier didn't say he was. He said Clinton set the stage for the bubble, which has some undeniable merit. Is Clinton the sole person to blame? Not by a long shot. There is blame to be shared on both sides of the aisle and across several administrations. Simply denying it through a red herring statement doesn't change that.

 

I believe, its come down, at least according to CBO projections. I am trying to find them.

 

Thanks for proving your own assertion was false.

We have had many threads discussing your false claim that the CRA "forcing" banks to make loans is what caused the housing crisis if you want to continue those, instead of trying to divert this one.

 

Clinton was referred to as the first real enforcer of the CRA. Banks were forced to keep a certain percentage of their funds aside for "underrepresented borrowers", or else their mergers could be denied, their funding requests could be put on hold, and many other possible consequences for inaction. Borrowing standards were lowered across the board, which caused more people to borrow. Consequences have actions.

 

Of course. It's just a massive left wing conspiracy that secretely controls the universe. Gallup must be in on it, because Rush said the unemployment situation would get worse, and he's never wrong.

 

US deficits shrink under political stalemate in DC

http://thehill.com/blogs/on-the-money/budget/198821-budget-deficit-shrinks

US unemployment shrinks under political statemate in DC

10.1% to 7.3%


Stalemate = good.

 

I'll say Clinton and his Administration are the most directly responsible for what happened. Bush, to his discredit, continued and expanded these "ownership" programs, but it all started with Clinton. There's a reason why housing prices stayed constant for years and then suddenly, after all of these deliberate ownership programs that Clinton put forth, including the lowering of borrowing standards, they started rising.

 

What part of "In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods. " do you fail to understand?

 

We didn't have a housing bubble in the mid 1990s. However, we have had plenty of threads on your claim it was all Clinton's fault. Feel free to continue those if you want. I'll avoid diverting this one to go into the housing crisis that has been the subject of innumerable threads in the past.

 

I just read that Gallup is being run by a Muslim who invited Obama to his wedding in Kenya in 1972 and Obama brought a male date to the reception. Coincidense? I think not.

 

I just read that Gallup is being run by a Muslim who invited Obama to his wedding in Kenya in 1972 and Obama brought a male date to the reception. Coincidense? I think not.

 

Clinton put Franklin Raines in charge at Fannie Mae and he resigned in disgrace
for caught cooking the books.Raines did manage a sizeable Bonus in the
hundreds of Millions.

 

I just read some idiot's post on a forum that has nothing to do with the thread.

 

The part where it doesn't support your claim, as demonstated in other threads.