Dismantling the left's attempt to take credit for the economic recovery they hindered

[artichoke]

Most of the top subprime lenders were high-volume, “non-bank” retail lenders that advertised heavily, generated huge profits, and flamed out when Wall Street benefactors yanked their funding. Nine of the top 10 lenders were based in California — seven were located in either Los Angeles or Orange counties. At least eight of the top 10 were backed at least in part by banks that have received bank bailout money.
No. 1 was Calabasas, California-based Countrywide Financial Corp., with at least $97.2 billion worth of subprime loans from 2005 through the end of 2007. Countrywide was bought by Bank of America last year, saving it from probable bankruptcy. Second was Ameriquest Mortgage Co. of Orange, California, now defunct, which originated at least $80.6 billion worth of loans. Third was now-bankrupt New Century Financial Corp. of Irvine, California, with more than $75.9 billion in loans.

Lovely random text that refutes no part of what was posted.

[evince]

because hebis president


Obama inherited a Republican caused world wide economic CRASH


he fixed it while you evil shits lied about it


You screamed it wasn't good enough


Trump inherited an economy doing great


all of the sudden you liked that same economy Obama created


why does the American economy only crash when republicans are in control?

[artichoke]

Lefties regularly claim that the reason for a good economy is because Trump is continuing Obama's policies. If that is the case, why, when something is less than favorable, do lefties blame Trump and not Obama?

It's a hilariously stupid inversion of the "cum hoc, ergo propter hoc" fallacy. Instead of arguing that two things happened at once, therefore one must have caused the other (like: Obama was in office when the prisoner interrogation policies he opposed enabled us to find and kill bin Laden, therefore Obama's policies must have killed bin Laden), Democrats now argue that anything that happens with Trump in office cannot possibly be the result of his policies, even though all the evidence draws a clear and direct line between the two...and even though no one can point to a single Obama policy that did anything but kill jobs.

For instance, how did doubling and tripling everyone's health care costs create jobs and improve the economy? That doesn't even make sense on its face.

Total BS.

[evince]

Most of the top subprime lenders were high-volume, “non-bank” retail lenders that advertised heavily, generated huge profits, and flamed out when Wall Street benefactors yanked their funding. Nine of the top 10 lenders were based in California — seven were located in either Los Angeles or Orange counties. At least eight of the top 10 were backed at least in part by banks that have received bank bailout money.
No. 1 was Calabasas, California-based Countrywide Financial Corp., with at least $97.2 billion worth of subprime loans from 2005 through the end of 2007. Countrywide was bought by Bank of America last year, saving it from probable bankruptcy. Second was Ameriquest Mortgage Co. of Orange, California, now defunct, which originated at least $80.6 billion worth of loans. Third was now-bankrupt New Century Financial Corp. of Irvine, California, with more than $75.9 billion in loans.

not government controlled idiot

[Granule]

Capt. Bullshit strikes again. The scales have been trending up since it started turning around under Obama...

You lost me right there, douche nozzle.

Nothing good ever came from that closet terrorist, least of all his treatment of the economy.

Now please, go find a trash bin and nose around there for a while.

[evince]

Oh and BTW

your first post was an OPINION PAGE asshole

[artichoke]

not government controlled idiot

No one claimed the banks were government banks. You're refuting a point no one has made.

Speaking of "idiots."

[evince]

You lost me right there, douche nozzle.

Nothing good ever came from that closet terrorist, least of all his treatment of the economy.

Now please, go find a trash bin and nose around there for a while.

then how exactly did the economy revive under Obama ass drip

[evince]

No one claimed the banks were government banks. You're refuting a point no one has made.

Speaking of "idiots."

remember your OPINION PAGE claiming CRA caused the crash idiot

[artichoke]

Oh and BTW

your first post was an OPINION PAGE asshole

And? That means its facts and conclusions must be wrong, HOW exactly? Or you just need it to be wrong because you don't like it and are willing to say whatever it takes to smear it with the "attack the source" fallacy.

remember your OPINION PAGE claiming CRA caused the crash idiot

Opinion page doesn't mean invalid. Repeating your weak "attack the source" fallacy won't make it true. That's actually an entirely separate fallacy called "ad nauseum."

then how exactly did the economy revive under Obama ass drip

It didn't. What part of "worst economic recovery since the Great Depression" don't you grasp?

[evince]

SEC Votes for Final Rules Defining How Banks Can Be Securities Brokers
Eight Years After Passage of the Gramm-Leach-Bliley Act, Key Provisions Will Now Be Implemented
FOR IMMEDIATE RELEASE
2007-190
Washington, D.C., Sept. 19, 2007 - Ending eight years of stalled negotiations and impasse, the Commission today voted to adopt, jointly with the Board of Governors of the Federal Reserve System (Board), new rules that will finally implement the bank broker provisions of the Gramm-Leach-Bliley Act of 1999. The Board will consider these final rules at its Sept. 24, 2007 meeting. The Commission and the Board consulted with and sought the concurrence of the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Office of Thrift Supervision.



the link is the first link in my signature

the Bush team refused to fully implement the rules andlet the Banks do whatever the fuck they wanted for 8 long years


This is NOT from an opinion page


This is a government release from the Bush admins Security and exchange

[artichoke]

the Bush team refused to fully implement the rules andlet the Banks do whatever the fuck they wanted for 8 long years


This is NOT from an opinion page


This is a government release from the Bush admins Security and exchange

Neither is the NY Times article contradicting your desperate attempt to rewrite history...not that being an opinion page makes the facts and conclusions incorrect in the first place.

[evince]

And? That means its facts and conclusions must be wrong, HOW exactly? Or you just need it to be wrong because you don't like it and are willing to say whatever it takes to smear it with the "attack the source" fallacy.





Opinion page doesn't mean invalid. Repeating your weak "attack the source" fallacy won't make it true. That's actually an entirely separate fallacy called "ad nauseum."



It didn't. What part of "worst economic recovery since the Great Depression" don't you grasp?

DEAR FUCKIN IDIOT


the numbers have been consistent throughout the recovery


Under Obama they were even better idiot


fuck you very much

[CFM]

It's a hilariously stupid inversion of the "cum hoc, ergo propter hoc" fallacy. Instead of arguing that two things happened at once, therefore one must have caused the other (like: Obama was in office when the prisoner interrogation policies he opposed enabled us to find and kill bin Laden, therefore Obama's policies must have killed bin Laden), Democrats now argue that anything that happens with Trump in office cannot possibly be the result of his policies, even though all the evidence draws a clear and direct line between the two...and even though no one can point to a single Obama policy that did anything but kill jobs.

For instance, how did doubling and tripling everyone's health care costs create jobs and improve the economy? That doesn't even make sense on its face.

Total BS.

They did the same type thing with Bush and Obama. When gas prices went up under Bush, and they did, lefties blamed Bush. When they went up under Obama, lefties argued that a President doesn't have much control over what happens with gas prices. Same thing when prices went down. Bush didn't get credit but Obama did.

[artichoke]

DEAR FUCKIN IDIOT


the numbers have been consistent throughout the recovery


Under Obama they were even better idiot


fuck you very much

Consistently garbage, yes.

Throwing another unhinged tantrum won't get you past the facts.



Say it with me..."Worst economic recovery since the Great Depression." That's an undisputed fact. Go hyperventilate in a corner for a while until you can formulate an adult counterpoint.