𝗢𝗯𝗮𝗺𝗮 𝗱𝗶𝗱 𝗶𝘁 𝗯𝗲𝘁𝘁𝗲𝗿...

[Nordberg]

You conveniently forget why the housing market collapsed. That would be due to a combination of things, mostly done by Congress and government, going back as far as 1977. Central to it was a combination of subprime mortgages, changes in mortgage practices--like zero down, interest only, or allowing the use of equity in a home for second and third mortgages. These combined to create wild speculation in the housing market by investors with limited financial resources.

As with the previous S&L scandal of the 70's, it was government colluding with bigger financial institutions to do shady things in terms of regulations and law. Neither Obama or Bush, on their own had much to do with the collapse or the recovery.

One of the common things during that period was for people to buy more house than they could really afford. Buying on an ARM or interest only mortgage with zero down made it possible for those people to simply walk away from a home with little loss to themselves while the bank ate the mortgage and couldn't sell off a grossly over-priced home in a falling market. In places like California, home prices fell by up to 50% in many cases overnight.

Another common one was small investor speculation. Here, someone with a home and some cash would buy additional homes on zero interest mortgages levering their equity in the original home in a rising market. They would then rent these homes out to pay the mortgage while waiting a year or three to resell the house at a large profit. Those doing this who were caught by the bubble bursting saw their equity vanish with no way to pay off the mortgages they had. So, they let the houses go as they had no cash invested in them.

And, Obama left office with a mediocre economy and rising CPI, two reasons why a Republican was elected to replace him. Obama as a President could best be described as mediocre or run of the mill. The one memorable thing of his 8 years in office was that disaster called Obamacare.

I understand and remember it all. What you are providing is exactly what I talked about, the removal of financial and investment regulation. Bush embraced the deregulation and appointed big-time investors and bank leaders to positions that gave them powers to break the economy. Obama was given the mess that the grand theft left. He fixed it.
During that period, the banks were offering great deals, like not only no money down, but money given back at closing. They were not in danger because they immediately sold the mortgages off for swaps and other financial instruments.
At that time,you got 50 emauis a day, offering you big jumps in your housing for free. BHoms were going up in value so fast that it made sense. I know people who made jump after jump, taking in big cash.
Bankers ran the mortgage companies and controlled the rating agencies. They were Republicans.

 

[Monad Portal]

You conveniently forget why the housing market collapsed. That would be due to a combination of things, mostly done by Congress and government, going back as far as 1977. Central to it was a combination of subprime mortgages, changes in mortgage practices--like zero down, interest only, or allowing the use of equity in a home for second and third mortgages. These combined to create wild speculation in the housing market by investors with limited financial resources.

As with the previous S&L scandal of the 70's, it was government colluding with bigger financial institutions to do shady things in terms of regulations and law. Neither Obama or Bush, on their own had much to do with the collapse or the recovery.

One of the common things during that period was for people to buy more house than they could really afford. Buying on an ARM or interest only mortgage with zero down made it possible for those people to simply walk away from a home with little loss to themselves while the bank ate the mortgage and couldn't sell off a grossly over-priced home in a falling market. In places like California, home prices fell by up to 50% in many cases overnight.

Another common one was small investor speculation. Here, someone with a home and some cash would buy additional homes on zero interest mortgages levering their equity in the original home in a rising market. They would then rent these homes out to pay the mortgage while waiting a year or three to resell the house at a large profit. Those doing this who were caught by the bubble bursting saw their equity vanish with no way to pay off the mortgages they had. So, they let the houses go as they had no cash invested in them.

And, Obama left office with a mediocre economy and rising CPI, two reasons why a Republican was elected to replace him. Obama as a President could best be described as mediocre or run of the mill. The one memorable thing of his 8 years in office was that disaster called Obamacare.

bankers knew they were selling fraud into the entire system.

they're criminals.

 

[Libhater]

....so SUCK IT MAGAtards

What a fool you are, for obama gave Iran billions of dollars to help them develop nukes. come on down to this planet earth for a while.

 

[Grim Reaper]

What a fool you are, for obama gave Iran billions of dollars to help them develop nukes. come on down to this planet earth for a while.

Because clearly Obama personally FedEx'd uranium to Tehran with a Happy Bomb-Making! card. Tell me, when you fell off the conspiracy theory turnip truck, did it leave a dent in your critical thinking skills?

 

[Libhater]

Because clearly Obama personally FedEx'd uranium to Tehran with a Happy Bomb-Making! card. Tell me, when you fell off the conspiracy theory turnip truck, did it leave a dent in your critical thinking skills?

Tell us what you believe the Iranians did with obama's money. You think they buried it in with their nuke developing centers?

 

[Nomad]

What a fool you are, for obama gave Iran billions of dollars to help them develop nukes. come on down to this planet earth for a while.

YRU such a lying POS?

All Obama did was free up their own money which had been frozen by the World Bank and only with conditions applied to how they could spend it.

What a fool YOU are.... to think you could slip that garbage past me.

 

[Grim Reaper]

Tell us what you believe the Iranians did with obama's money. You think they buried it in with their nuke developing centers?

Oh wow, did your last two brain cells finally have a thunderous orgy and produce that steaming pile of idiocy? The Iranians probably used Obama's money to fund a remedial thinking class. Unfortunately, you missed enrollment because you were too busy gargling Fox News septic tank runoff like it was holy water. Your conspiracy theories have less credibility than a methhead's alibi, and your grasp on reality is looser than your mother's grip on her dignity at a truck stop glory hole. Sit down before you embarrass your entire bloodline further, you oxygen-thieving, chromosome-hoarding dumpster fire.

 

[Nomad]

Tell us what you believe the Iranians did with obama's money. You think they buried it in with their nuke developing centers?

One of the conditions for them to regain access to their own money was that they could not use it on their nuke program.

Grow up.

 

[Libhater]

One of the conditions for them to regain access to their own money was that they could not use it on their nuke program.

Grow up.

WOW, and you believe that the #1 evil-terrorist-murdering nation on GOD's earth didn't use that money to enrich their nuclear development? Get a clue fella.

 

[Nomad]

WOW, and you believe that the #1 evil-terrorist-murdering nation on GOD's earth didn't use that money to enrich their nuclear development? Get a clue fella.

It was being closely monitored, Einstooge.

You get a clue.

 

[Libhater]

It was being closely monitored, Einstooge.

You get a clue.

Monitored by who? And by who I'm not referring to the 60's English singing band.

 

[QP!]

...

And, Obama left office with a mediocre economy and rising CPI, two reasons why a Republican was elected to replace him. Obama as a President could best be described as mediocre or run of the mill. The one memorable thing of his 8 years in office was that disaster called Obamacare.

If Obama left with a mediocre economy then Trump even removing covid never achieved anything but a mediocre economy.

And Obama inheriting it in the wrapper and handing it to Trump on that trajectory is far more impressive.

With Trump he just did not have to mess it up to get the benefit of the clear momentum Obama handed him.

 

[T. A. Gardner]

I understand and remember it all. What you are providing is exactly what I talked about, the removal of financial and investment regulation. Bush embraced the deregulation and appointed big-time investors and bank leaders to positions that gave them powers to break the economy. Obama was given the mess that the grand theft left. He fixed it.
During that period, the banks were offering great deals, like not only no money down, but money given back at closing. They were not in danger because they immediately sold the mortgages off for swaps and other financial instruments.
At that time,you got 50 emauis a day, offering you big jumps in your housing for free. BHoms were going up in value so fast that it made sense. I know people who made jump after jump, taking in big cash.
Bankers ran the mortgage companies and controlled the rating agencies. They were Republicans.

What you've missed is that it was Reagan, Clinton, and Democrats--with the help of some Republicans--in Congress that set this mess up. It wasn't a one-party issue and Bush just caught the trainwreck at the end. So, don't pin this shit on Republicans alone. Democrats played a pivotal role in all that. They weren't alone, but they controlled Congress back then.

 

[T. A. Gardner]

If Obama left with a mediocre economy then Trump even removing covid never achieved anything but a mediocre economy.

And Obama inheriting it in the wrapper and handing it to Trump on that trajectory is far more impressive.

With Trump he just did not have to mess it up to get the benefit of the clear momentum Obama handed him.

Trump's first term wasn't impressive either, but he did tame the CPI where Obama only let the economy really grow for the rich.

 

[Nomad]

Monitored by who? And by who I'm not referring to the 60's English singing band.

Here ....



Any other stupid questions you'd like to ask though you could have easily found the answer yourself?

 

[Nomad]

Trump's first term wasn't impressive either, but he did tame the CPI where Obama only let the economy really grow for the rich.

Prove it.

 

[T. A. Gardner]

Prove it.

An Obama friendly site shows his mediocrity...

Obama's Final Numbers - FactCheck.org

The numbers are nearly all in now. What they show about what really happened during the eight years that Barack Obama was president is sometimes different from what politicians claimed.

www.factcheck.org

CPI. Again, Obama didn't do all that well. Of course, Biden screwed the pooch on this.

You can see it here too. Overall, Obama was run of the mill, nothing special.

Like I said, Obama didn't do great, but he didn't do awful either. Carter and Biden did awful on the economy. There was nothing particularly outstanding about Obama's time in office. He was a run of the mill, nothing special President.

 

[Nomad]

An Obama friendly site shows his mediocrity...

CPI. Again, Obama didn't do all that well. Of course, Biden screwed the pooch on this.

You can see it here too. Overall, Obama was run of the mill, nothing special.

Like I said, Obama didn't do great, but he didn't do awful either. Carter and Biden did awful on the economy. There was nothing particularly outstanding about Obama's time in office. He was a run of the mill, nothing special President.

There's no such thing as a non-mediocre President.

All Presidents have been mediocre at best, with plusses and minuses.

To expect differently is unrealistic.

Some are even less than mediocre.

And his name is trump.

Compared to trump, every President in modern history has been superlative.

Because trump is a dangerous idiot.

 

[T. A. Gardner]

There's no such thing as a non-mediocre President.

All Presidents have been mediocre at best, with plusses and minuses.

To expect differently is unrealistic.

Some are even less than mediocre.

And his name is trump.

Compared to trump, every President in modern history has been superlative.

Because trump is a dangerous idiot.

Actually, we've had some very good ones, and some really bad ones. Trump, like Obama is run of the mill. Not great, but not terrible. Biden was terrible.

For example, I think Eisenhower was good. Kennedy was OMG dangerous. Ronnie Raygun? On one hand he ended the Cold War, on the other he put a big hit on the economy to do it and his Central American policies were handled like shit. Buchanan, Fillmore, and Pierce were all shit Presidents. Bush I was mediocre and Bush II only a bit better.

Clinton was pretty good on policy and economics, but easily one of the most despicable, if not the most despicable persons to ever hold the office.

You can't articulate why Trump is so bad other than to spew spittle laden bile about him.

 

[Nomad]

Actually, we've had some very good ones, and some really bad ones. Trump, like Obama is run of the mill. Not great, but not terrible.

OK, fine. I can more or less go along with that.

With the strike through edit, though.

Biden was terrible.

Maybe, to all the ultra right-wing trumper MAGA-NAZI lunatics. But to those who can look at things objectively, Biden did an above average job as President.

Most trumpers are just not big enough men/women to admit it.

For example, I think Eisenhower was good. Kennedy was OMG dangerous. Ronnie Raygun? On one hand he ended the Cold War, on the other he put a big hit on the economy to do it and his Central American policies were handled like shit. Buchanan, Fillmore, and Pierce were all shit Presidents. Bush I was mediocre and Bush II only a bit better.

Fine. Everyone has opinions.

Clinton was pretty good on policy and economics, but easily one of the most despicable, if not the most despicable persons to ever hold the office.

Pure, unadulterated MAGA-NAZI propaganda vomit sauce.

On the despicable President scale, Clinton sits way down at the bottom while trump is so far up on the pinnacle, even Nixon needs a telescope to look up and see him.

You can't articulate why Trump is so bad other than to spew spittle laden bile about him.

Utter nonsense.

You cannot even be serious.

The (perfectly legitimate) reasons why trump is so hated get articulated every day, all day, all around the world. The list of reasons why trump is such a horrible president and horrible "person" (a stretch in itself) is too long to even attempt. Where would one even begin???

I don't even think you made that statement seriously. I think you know exactly why trump is so awful. But you approve of his awfulness because it's your kind of awfulness. Like all trumpers, his hatred of certain people matches their own hatred of those same people, and to trumpers, that's really the only thing that matters.

It trumps everything else.

You all constantly demonstrate that all the other BS you spout about the economy, foreign affairs, etc, etc, is all just smoke and camouflage to hide the real reasons why you're in such awe of him.

He reflects MAGA's own hatred and bigotry.

As for everything else, it's painfully obvious that MAGA couldn't care less about any of it.