poll:who was best Pres in your lifetime

Dude, the housing bubble was already in full swing by that time. You need to go back and do some reading my man/

No, it wasn't.

The subprime bubble started in 2004:

Subprime Originan.jpg

Subprime Originations.jpg

Clearly you can see a massive spike in subprime lending.

And those subprimes were what was responsible for the collapse, according to Bush's Working Group on Financial Markets:

“The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.”
http://www.treasury.gov/resource-cen...s update.pdf
 
LV462 and DonaldvoTrumpovich

Kicked ass in this thread. They win the internet for the weekend............woo hooo!

I hope the facts you both presented in this thread sinks in for everyone on this board. There are some misguided people on the "left" that have brought into the lies of the right.

THEY LIE ABOUT EVERYTIHNG AND HAVE BEEN LYING FOR DECADES.

They are not to be trusted or believed.
 
The trillion dollar deficit rhetoric is a PROJECTION; not actual. That is based on the FALSE notion that tax cuts result in lower revenues which is also patently stupid and lacking in historic factual content.

The CBO has already said that the deficit for this FY will be near $1T thanks to the tax cuts reducing revenue.
 
I see that you have been reduced to pointless insults. That's what happens whenever leftists get cornered with their fact-less laughably stupid talking points.

So 8-9 years ago, you all stapled teabags to your faces and screamed like barnyard animals about the trillion-dollar deficits.

Now, with trillion-dollar deficits caused by tax cuts, you say nothing.

So it was never about deficits and debt; it was about your hyper reaction to the country repudiating your Bush policies by electing a black guy.
 
It is propaganda, not fact. It doesn't work when you have to wait for almost a year for a hip replacement. Or if you have to wait for almost six months for open heart surgery.

It is fact, and it's why no single payer country is ditching that system for ours.

And no, you don't have to wait almost a year for a hip replacement or for open heart surgery. THAT IS PROPAGANDA.
 
So 8-9 years ago, you all stapled teabags to your faces and screamed like barnyard animals about the trillion-dollar deficits.

Now, with trillion-dollar deficits caused by tax cuts, you say nothing.

So it was never about deficits and debt; it was about your hyper reaction to the country repudiating your Bush policies by electing a black guy.

STANDING OVATION!
 
Yeah, two years after Bush Jr. signed the American Dream Downpayment Act. My brother-in-law was a Real Estate Broker and he could see it happening after Bush Jr. started giving low income people mortgages with no down payment. I remember in 2004 he was getting many homebuyers that wouldn't qualify for loans before Bush Jr's legislation. He told me we could be looking at a mortgage disaster because he said, "These people are buying homes with no money down. They could just get up and walk away from the mortgage because they have no skin in the game". He was 100% correct.
My timeline is correct. Your's is not. But because you are a radicalized right wing nut job, it's not surprising that you continue to parrot the right wing talking points deflecting the blame to the democrats.

https://www.nytimes.com/2008/12/21/business/21admin.html?pagewanted=all&_r=0


Bush signs the American Dream Downpayment Act allowing low income people to buy homes with no downpayment:

I rest my case!

tenor.gif

iu

LOL, yeah I'm a radicalized right wing for understanding the housing bubble and financial collapse. You picked the wrong person to troll. Good luck getting banned again
 
Exactly why I have Turd Dissector on IGNORE. He can't debate honestly and resorts to puerile insults when he's beaten down (which is quite often).
He's probably a Russian Troll who lives under Putin's desk.

Well, I don't put people on ignore...and I don't think he's a Russian troll.

I think he's a deeply disturbed, unhappy, underachieving nobody who needs to seek confirmation on anonymous message boards because he has a social disorder.
 
Nope. That's why the 80's ended with a recession and the largest taxpayer bailout of all time (before TARP, another bailout following 8 years of failed Conservative policy).

That's like saying the '90's didn't boom because of the dot com bust. Hell based on your definition America's economy has never boomed
 
No, it wasn't.

The subprime bubble started in 2004:

View attachment 6943

View attachment 6944

Clearly you can see a massive spike in subprime lending.

And those subprimes were what was responsible for the collapse, according to Bush's Working Group on Financial Markets:

“The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.”
http://www.treasury.gov/resource-cen...s update.pdf

Housing doesn't operate in a bubble. You have to go back in time to look at the pokicies that led to the bubble and you choose to act as if the Fed doesn't exist when they were the main driver of the housing bubble with their easy money policies.
 
LOL, yeah I'm a radicalized right wing for understanding the housing bubble and financial collapse. You picked the wrong person to troll. Good luck getting banned again

So is this the new thing with racist right wingers? When they get their ass kicked in a thread they run to the mods, who are their allies and get you banned?

Fuckin Cowards.
 
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