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When you elect REPUBLICANS you get..FINANCIAL MELTDOWN,,WALL STREET COLLAPSE,,,UNEMPLOYMENT at 9%, OR if the ECONOMY COLLAPSED so bad that we the tax payers were forced to loan the banks 900 BILLION $$$, OR how about a HOUSING MARKET CRISIS , like GEORGE W BUSH left for OBAMA 8 years ago......along with TWO PHONY WARS raging on the other side of the world..... ““Republicans got the tax cuts they wanted. They got the financial deregulation they wanted. They got the wars they wanted. They got the unfunded spending increases they wanted. And the results were completely, unrelentingly disastrous. A decade of sluggish growth and near-zero wage increases. A massive housing bubble. Trillions of dollars in war spending and thousands of American lives lost. A financial collapse. A soaring long-term deficit. Sky-high unemployment. All on their watch and all due to policies they eagerly supported. And worse: ever since the predictable results of their recklessness came crashing down, they've rabidly and nearly unanimously opposed every single attempt to dig ourselves out of the hole they created for us.”” Clinton balanced not one but 2 (two) budgets while Bush had a financial meltdown wall street collapse and a housing crisis so bad the american taxpayer was FORCED to loan the banks in this count 700 BILLION $$$ ALONG wit 2 totally unnecessary wars on the other side of the world that Obama ENDED….
“When are the republicans going to get to jobs?

"But Jaysus sent Trump here, to save us..................."

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A truer statement was said by none!

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The ramblings of a fool....

The housing market crisis was caused by Dems.! Check the C-SPAN video footage throughout the early to mid 2000's, esp. 2004 senate floor. I have copies on disk. Republicans screamed about it for years, Dems always blocked and castigated the R's for even suggesting a problem with the housing and mortgage. Dems wanted to protect their cash cow, Fannie Mae and Freddie Mac with all their corruption. And it was Dems who pushed for the subprime loans. Obama, as an atty and community organizer/activist, along with ACORN even helped sue the banks, and threatened more suits if they didn't give loans to more poor Blacks. ACORN/ SEIU thugs went to bank CEO's homes to intimidate them. Personally, I think the crisis was manufactured - it was made to happen and would happen one way or another - but the idea that Republicans and GW Bush caused it is ludicrous. Don't get me wrong: they do plenty of crap wrong, but that blame laid solely on them isn't right. And shame on the media for propagandizing and propagating such a partisan deception. I was against the bailouts under Bush , and against them under Obama- bc I'm not a partisan hack. But I see so many impugn Bush for it but applaud Obama.

The Real Deal

So who is to blame? There’s plenty of blame to go around, and it doesn’t fasten only on one party or even mainly on what Washington did or didn’t do. As The Economist magazine noted recently, the problem is one of "layered irresponsibility … with hard-working homeowners and billionaire villains each playing a role." Here’s a partial list of those alleged to be at fault:
The Federal Reserve, which slashed interest rates after the dot-com bubble burst, making credit cheap.
Home buyers, who took advantage of easy credit to bid up the prices of homes excessively.
Congress, which continues to support a mortgage tax deduction that gives consumers a tax incentive to buy more expensive houses.
Real estate agents, most of whom work for the sellers rather than the buyers and who earned higher commissions from selling more expensive homes.
The Clinton administration, which pushed for less stringent credit and downpayment requirements for working- and middle-class families.
Mortgage brokers, who offered less-credit-worthy home buyers subprime, adjustable rate loans with low initial payments, but exploding interest rates.
Former Federal Reserve chairman Alan Greenspan, who in 2004, near the peak of the housing bubble, encouraged Americans to take out adjustable rate mortgages.
Wall Street firms, who paid too little attention to the quality of the risky loans that they bundled into Mortgage Backed Securities (MBS), and issued bonds using those securities as collateral.
The Bush administration, which failed to provide needed government oversight of the increasingly dicey mortgage-backed securities market.
An obscure accounting rule called mark-to-market, which can have the paradoxical result of making assets be worth less on paper than they are in reality during times of panic.
Collective delusion, or a belief on the part of all parties that home prices would keep rising forever, no matter how high or how fast they had already gone up.
The U.S. economy is enormously complicated. Screwing it up takes a great deal of cooperation. Claiming that a single piece of legislation was responsible for (or could have averted) the crisis is just political grandstanding. We have no advice to offer on how best to solve the financial crisis. But these sorts of partisan caricatures can only make the task more difficult.

–by Joe Miller and Brooks Jackson

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You seem to overlook the fact that The Economic Stimulus Act was signed under GW Bush and that Obama was obliged to finish it during his term, funny thing how laws work that way. And yes it was a bipartisan failing from the outset, not caused by one party or the other.

Says the fool.

Sub prime loans where not the cause of of the Bubble bursting. The bubble bursted because Bush jr. imposed the
Tax cut that allowed single filers to pay Zero capital gains
tax on gains up to
$250,000. And
couples got to pay Zero capital gains tax on capital gains up to $500,000. Must live 2 years in property. This caused tax revenue to shrink and Property values Soared.. That is what caused the bubble to burst.. Values went to high.. Could not be sustained and plummeted..sub prime loans were not the Cause of the bubble.. That was one component of the whole whole problem... Who blocked what is not the cause... Extreme tax cuts ALWAYS have negative Ramifications.. Oh yes, Does anyone remember the nice checks, all Amerian tax Payers Received from Bush Jr.? Cut taxes and give away money like there is a surplus.... Did Bush Jr. Leave Obama wuth a surplus? Ha ha.. No.. Obama was left with a disaster...Take the blinders off and see that history repeats itself over and over... Republicans have never been successful at fixing anything.. They leave a mess and then their supporters check information that doesn't even pertain to the Cause of the problem and they talk it up like it was someone else... Tax cuts- Revenue in..Causing Home prices to soar And False Surplus- Revenue out- bush jr.
Checks.. Caused the bubble and burst.. Sub Prime loans caused the banks to fail... 2 different issues... So, if you think that Dems blocked thos or voted for that. Ok. Obama saved the banks.. Obama took away the tax cuts.. Stopped the Bleeding of America.. And we began to grow again... Trump brings in Scandal, Illegal behavior, Tax cuts again for the top earners, and spending out of control.. Well, I feel saved, dont you? NOT... Those exact steps is what puts America in the negative...

ACORN sued banks AND went to bank CEO homes? Seriously? One link- provide ONE link. The hoising collapse was caused ny deregulation od finamcial markets amd assuming that banks, securities and derivitive traders would comtrol themselves. Instead, even Greenspan was surprised they weren’t able to. They gambled with OPP and to the tune of 30-1 debt to cash ratio. They bundled AAA securities wit sub-prime and sold them all with the blessings of S & P and others. So exactly where does ACORN fit into this equation!

These pathetic trumpsters think deregulation of the banks again won't do the same as is did before. You can't be more stupid.
How stupid.

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