Manufacturing Growing 714% Faster Under Trump than Obama

All the bills you posted passed and did nothing to stop the financial crisis. The one bill that didn't was the strongest and could have stopped the crisis, S. 90. It passed out of Committee on a party line vote with EVERY DEMOCRAT voting NO and EVERY REPUBLICAN voting YES. Twenty-four Republican Senators signed a letter pleading for its passage and it had the backing of the Bush Administration. Democrats vowed that it was dead on arrival.

That IS the record. Period. Left wing psychosis does not change reality.

 

So not only are you wrong, but you didn't even bother to read the citation I posted, showing the bills republicans killed. got it.


Ever single bill attempting to regulate fanny/freddy from 2001-2007, was killed by republicans. Every one of them. This has been proven, with the congressional voting record that I've cited over and over and over and over again. That will never stop being true, no matter how hard you stomp your feet.

 

All the bills you posted passed and did nothing to stop the financial crisis. The one bill that didn't was the strongest and could have stopped the crisis, S. 90. It passed out of Committee on a party line vote with EVERY DEMOCRAT voting NO and EVERY REPUBLICAN voting YES. Twenty-four Republican Senators signed a letter pleading for its passage and it had the backing of the Bush Administration. Democrats vowed that it was dead on arrival.

That IS the record. Period. Left wing psychosis does not change reality.

You insist on being humiliated publicly. I'm glad to oblige. Lulz

 

So not only are you wrong, but you didn't even bother to read the citation I posted, showing the bills republicans killed. got it.


Ever single bill attempting to regulate fanny/freddy from 2001-2007, was killed by republicans. Every one of them. This has been proven, with the congressional voting record that I've cited over and over and over and over again. That will never stop being true, no matter how hard you stomp your feet.

 

There is plenty of evidence that both Republicans and Democrats are responsible for the housing crisis. Unfortunately both parties are largely owned by the banks as evidenced by the cabinets of our Presidents. It appears Goldman Sachs has taken up permanent residence in the White House.

 

All the bills you posted passed and did nothing to stop the financial crisis. The one bill that didn't was the strongest and could have stopped the crisis, S. 90. It passed out of Committee on a party line vote with EVERY DEMOCRAT voting NO and EVERY REPUBLICAN voting YES. Twenty-four Republican Senators signed a letter pleading for its passage and it had the backing of the Bush Administration. Democrats vowed that it was dead on arrival.

That IS the record. Period. Left wing psychosis does not change reality.

You insist on being humiliated publicly. I'm glad to oblige. Lulz

 

So not only are you wrong, but you didn't even bother to read the citation I posted, showing the bills republicans killed. got it.


Ever single bill attempting to regulate fanny/freddy from 2001-2007, was killed by republicans. Every one of them. This has been proven, with the congressional voting record that I've cited over and over and over and over again. That will never stop being true, no matter how hard you stomp your feet.

 

You mean the post where I pointed out that Fannie and Freddie worked EXACTLY as designed ? They did EXACTLY what they were designed to do, as a GSE. DO you even understand what a GSE is ?

Why hide from someone who doesn’t understand what they are debating ?

 

And if were paying a living wage, then they can afford to buy the goods they produce. The right keeps doing everything in their power to lower wages, and then claims that if we produce here, then prices will be unaffordable ?

The fact that your claiming that the economy is good, but that people can only afford cheep foreign made goods proves my point AKS ?

 

No, no it doesn't prove your point at all. And FTR nobody said we can only afford cheap foreign goods. Why don't we just raise the minimum wage to 500k/year and produce everything here - import nothing?

 

Maybe you need to re-read my post that eviscerates your left wing ideology: http://www.politicalforum.com/index...ump-than-obama.550380/page-18#post-1070208862

Facts matter. Fake left wing propaganda does not.

 

Still having trouble grappling with that pesky little S.90. The ONLY bill that didn't pass that you listed. All the bills you posted passed and did nothing to stop the financial crisis. The one bill that didn't was the strongest and could have stopped the crisis, S. 90. It passed out of Committee on a party line vote with EVERY DEMOCRAT voting NO and EVERY REPUBLICAN voting YES. Twenty-four Republican Senators signed a letter pleading for its passage and it had the backing of the Bush Administration. Democrats vowed that it was dead on arrival.

That IS the record. Period. Left wing psychosis does not change reality.

You insist on being humiliated publicly. I'm glad to oblige. Lulz

 

I have read this post many times and its just more proof that you don’t understand what a GSE is.

A GSE cannot go “insolvent”. Fanny and Freddie, as GSE’s did EXACTLY as they were chartered to do, and worked exactly as designed. Your claims that they somehow participated in “risky ventures” is beyond ridiculous. They did EXACTLY what they were chartered to do for the system, and worked exactly as designed during the crises. GSE’s don’t “participate in risky ventures”, they are REQUIRED TO DO WHAT THEY DO BY LAW. Fanny and Freddy didn’t “take risks”, the “free market” caused the crises. The only people debating that are those on the right doing exactly what your doing in trying to blame the government. Andyou may be right, except that it was the government deregulation that caused this, not the GSE’s

As I read you post over and over I am more and more fascinated by your lack of understanding of what your debating. Research a little past the CLiffsNotes before you make accusations.

 

“Evicerates”...really......read up on the Fanny and Freddy’s charters as GSE’s and then we can debate.

 

So not only are you wrong, but you didn't even bother to read the citation I posted, showing the bills republicans killed. got it.


Ever single bill attempting to regulate fanny/freddy from 2001-2007, was killed by republicans. Every one of them. This has been proven, with the congressional voting record that I've cited over and over and over and over again. That will never stop being true, no matter how hard you stomp your feet.

 

S. 190 is still that thorn in your leftist side that is eviscerating you. The ONLY bill that didn't pass that you listed. All the bills you posted passed and did nothing to stop the financial crisis. The one bill that didn't was the strongest and could have stopped the crisis, S. 90. It passed out of Committee on a party line vote with EVERY DEMOCRAT voting NO and EVERY REPUBLICAN voting YES. Twenty-four Republican Senators signed a letter pleading for its passage and it had the backing of the Bush Administration. Democrats vowed that it was dead on arrival.

That IS the record. Period. Left wing psychosis does not change reality.

You insist on being humiliated publicly. I'm glad to oblige. Lulz

 

Do you even understand what the word "insolvent" means? According to Merriam-Webster: 1a : unable to pay debts as they fall due in the usual course of business.

The GSE's were unable to meet their financial obligations and therefore were forced to rely on a government bailout and subsequently were placed into government conservatorship. Good grief, educate yourself. Stop falling for this phony left wing, propaganda. It's built on lies.

The GSE's were not chartered to fall into insolvency and require a government take over, fool. Only a moron would claim a charter is to "go into insolvency and require bailout". The GSE's failed....and they failed because of a lack of regulation.

Fannie and Freddie were publicly traded companies. They were "for-profit" with implicit government backing. Maybe you educate yourself on what they were and what they were doing in this article:

https://www.thebalance.com/what-was-the-fannie-mae-and-freddie-mac-bailout-3305658

"Fannie Mae and Freddie Mac were two government-sponsored enterprises that created, and remain highly involved in, the secondary market for mortgage-backed securities. Before the subprime mortgage crisis, they owned or guaranteed $1.4 trillion, or 40 percent, of all U.S. mortgages. They only held $168 billion in subprime mortgages, but it was enough to capsize the two. The two GSEs supported the secondary market, which helped American families realize the dream of homeownership. But they also helped turn that dream into the nightmare of the subprime mortgage crisis.


It led to the 2008 financial crisis and caused the Great Recession.


The government tried to avoid taking over the two GSEs, which were supposed to act as private corporations with a government guarantee. That set-up didn't work and was part of the problem. Fannie and Freddie took excessive risks to boost their stock prices, knowing they would be bailed out if the risks turned south."

You can thank me later for humiliating you once again.

You are right. It was deregulation....except it was deregulation of private corporations that had implicit government backing. Shareholder owned (and thus driving for profits) while simultaneously being told the government(read: left wingers) had their back. It created a monster that almost destroyed our country with out of control profit pursuing. Now what brain dead ideology could think of something as stupid as that? It's the left wing scourge that has infected our nation. Another great reading for the low IQ part of the electorate: https://www.caymanfinancialreview.c...-the-financial-crisis-and-the-dodd-frank-act/

"Although Fannie and Freddie were shareholder-owned, they were chartered by Congress and granted numerous government privileges. For example, they were exempt from state and local taxes and from SEC regulations. The president appointed a minority of the members of their boards of directors, and they had a $2.25 billion line of credit at the Treasury. As a result, market participants believed that the two GSEs were government-backed, and would be rescued by the government if they ever encountered financial difficulties.

This widely-assumed government support enabled them to borrow at rates only slightly higher than the U.S. Treasury itself, and with these low-cost funds they were able to drive all competition out of the secondary mortgage market for middle-class mortgages – about 70 percent of the $11 trillion housing finance market. Between 1991 and 2003, the GSEs’ market share increased from 28 percent to 46 percent. From this dominant position, they were able to set the underwriting standards for the market as a whole."

So basically not only did their left wing stupidity lead them to capsize themselves by giving out dumb loans to poor, trashy left wingers but they had become so powerful with their government (see left wing) backed position that they set the rules for market. Everyone had to compete with the standards the GSEs set with their inherent advantages in order to get a market share. Everyone got torpedoed when these poor, trashy left wingers all defaulted on their loans. The rest is history. You are dismissed in humiliation once again, kid.

 

\


FFS man. They were a GSE. You just spent 20 minutes posting another rant that proves my point that you dont understand the first thing about what Fannie and Freddie are chartered to do. They are REQUIRED by the government to buy mortgages. REQUIRED !!!!

Their “insolvency” was that they were unable to meet their obligation to BUY, thus effectively stopping the secondary market. It is THAT insolvency that required the infusion of cash. When the banks started to screw themselve over via greed, they pushed even more mortgages on the secondary market, and Fannie and Freddie were required to purchase them. That is EXACTLY how a GSE works. Their entire charter is to keep the market moving. It has NOTHING to do with their ability to service mortgages, or shareholder value, they are chartered to keep the market moving. Thats why they are a GSE. Without Fannie and Freddie the economy would have fully collapsed, and their isn’t an economist worth their salt that doesnt freely admit that. These GSE’s effectively saved us from fully melting down.

The idea that this was about Fannie and Freddie trying to drive profits and that is what caused this is beyond ridiculous. It was the “free market” that caused this. Yes, Fannie and Freddie set the basic standards for lending, but as we found out after the meltdown, most banks were not using them when making the loans, and then bundeling them all together with documentation that they were. The real cause of the meltdown WAS the private sector lying and cheating. Thats just a FACT. And it you want to debate that, then you will need to show me a regulation from congress, or from Fannie and Freddie that included, allowed, a NINJA loan.

Go ahead, I’ll wait for that one

 

So not only are you wrong, but you didn't even bother to read the citation I posted, showing the bills republicans killed. got it.


Ever single bill attempting to regulate fanny/freddy from 2001-2007, was killed by republicans. Every one of them. This has been proven, with the congressional voting record that I've cited over and over and over and over again. That will never stop being true, no matter how hard you stomp your feet.

 

S. 190 is still that thorn in your leftist side that is eviscerating you. The ONLY bill that didn't pass that you listed. All the bills you posted passed and did nothing to stop the financial crisis. The one bill that didn't was the strongest and could have stopped the crisis, S. 90. It passed out of Committee on a party line vote with EVERY DEMOCRAT voting NO and EVERY REPUBLICAN voting YES. Twenty-four Republican Senators signed a letter pleading for its passage and it had the backing of the Bush Administration. Democrats vowed that it was dead on arrival.

That IS the record. Period. Left wing psychosis does not change reality.

You insist on being humiliated publicly. I'm glad to oblige. Lulz

 

FFS, again with the CLiffsNotes version of the law. You keep spewing political talking points, blaming all the evils on “democrats”, and then calling me names. Your post here again shows that you read some CliffsNote on Fannie and Freddie and then claim to be an expert. Your post shows you have absolutly no idea how they actually “buy” loans.

Your dumb is on high in that post. Have a nice day

 

So not only are you wrong, but you didn't even bother to read the citation I posted, showing the bills republicans killed. got it.


Ever single bill attempting to regulate fanny/freddy from 2001-2007, was killed by republicans. Every one of them. This has been proven, with the congressional voting record that I've cited over and over and over and over again. That will never stop being true, no matter how hard you stomp your feet.