Stimulus Bill Abolishes Welfare Reform and Adds New Welfare Spending

[Amazon 7]

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by the time the Democrats took control of Congress in JANUARY of 2007.... the damage had already been so DONE.. the fork was already sticking out of those running for cover.

The system had problems and needed to be fixed, but.... fuck it? Things are bad so we'll just go on record saying it's fine and hope for the best. Good defense you've got going there. Shit, you could use that for the next 4 years. The country had problems when they took over so the President and Congress shouldn't be expected to fix anything. Brilliant.

Please go research..... I know this is going to be so very hard .... but maybe.. just maybe you will learn something... but I highly doubt such vociferous Bush supporters are capable of doing it... but check.....Jan 20 ,2001 to Jan 2, 2007


How many vetos.. did your hero.. use during his rubber stamp repubican congress....

How many vetos did he use after Jan of 2007????


Buehler???

Buehler....????


Why oh why did your hero do nothing about it when he had all 3 branches of government under his control?????

[mnealtx 0]

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Did I mention it was the democratically controlled congress that passed the laws lowering those standards under the guise of creating "affordable housing" for all?

Uh.. you do remember that the Congress was controlled since 1994 and the rePUBICan Revulsion in 1994..... by the time the Democrats took control of Congress in JANUARY of 2007.... the damage had already been so DONE.. the fork was already sticking out of those running for cover.

And bills were submitted after that point to regulate the housing industry...and it sat in the housing committee until it died.

I'm sorry, what was your point again?

The house of cards was already in collapse at that time... and there was no leadership coming from your hero.... He wanted to be a war president.. and his country's domestic matters did not mean shit to him or his rich oil buddies in his Administration.

So, you're saying that the DEMOCRAT-CONTROLLED Congress and DEMOCRAT-CONTROLLED Housing Committee were waiting for the President to tell them what to do? Makes for a nice excuse, I suppose, with the added bonus of not upsetting your little "It's all Bush's fault" worldview.

Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706

[Amazon 7]

Well you are getting leadership now.. and all the right fling can do is whine and bellyache about every move.. FACE IT.. your guy failed the American people... and it just galls you and chaps your ass to no end....Hell you seem to fail to even acknowledge the failures that have happened... and NOW... you wish with all your hearts that THIS president will fail to fix the incompetence of the Bush years.

Sad... very very sad...

[mnealtx 0]

Too bad that telepathy thing is out-of-warranty...you could have gotten a refund, since it's obviously not working.

Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706

[Amazon 7]

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Too bad that telepathy thing is out-of-warranty...you could have gotten a refund, since it's obviously not working.

Yup.. all is well in Mikee world..where never is heard a discouraging word....

[mnealtx 0]

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Too bad that telepathy thing is out-of-warranty...you could have gotten a refund, since it's obviously not working.

Yup.. all is well in Mikee world..where never is heard a discouraging word....

And incorrect, yet again.

Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706

[Amazon 7]

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Too bad that telepathy thing is out-of-warranty...you could have gotten a refund, since it's obviously not working.

Yup.. all is well in Mikee world..where never is heard a discouraging word....

And incorrect, yet again.

And the skies are not cloudy all day.......

[FallingOsh 0]

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How many vetos.. did your hero.. use during his rubber stamp repubican congress....

1

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How many vetos did he use after Jan of 2007????

11 4 overriden

What's your point? Which one of those do you claim stopped the congress from helping the economy?

--------------------------------------------------
Stay positive and love your life.

[jerryzflies 0]

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Did I mention it was the democratically controlled congress that passed the laws lowering those standards under the guise of creating "affordable housing" for all?

.

the CRA did NOT cause the housing crisis.
Another myth from the right wing blogosphere that has been debunked completely (by the Federal Reserve Bank, no less) but it still comes back over and over again.

If you can't fix it with a hammer, the problem's electrical.

[bodypilot90 0]

http://www.youtube.com/watch?v=cMnSp4qEXNM&feature=related

Here this will help you remember.

[rushmc 23]

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Did I mention it was the democratically controlled congress that passed the laws lowering those standards under the guise of creating "affordable housing" for all?

.

the CRA did NOT cause the housing crisis.
Another myth from the right wing blogosphere that has been debunked completely (by the Federal Reserve Bank, no less) but it still comes back over and over again.

Wrong, rules around it WERE a big part of it and was ultimatly the trigger.

Congress is the CRA. If we do not place the blame where it belongs then we can never fix it.

If you cant be convinced that the CRA is involved. Do a little research and find out for yourself where most of the forclosuers are happening.

In rural central Iowa or larger urban low income areas.

Might be very eye opening to you.

Also, do a little research on bank fittness by area. Again, compare Iowa to other areas of the country.

I do not expect you to report your findings as they will be damaging to your position

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[chuckakers 426]

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Did I mention it was the democratically controlled congress that passed the laws lowering those standards under the guise of creating "affordable housing" for all?

.

the CRA did NOT cause the housing crisis.
Another myth from the right wing blogosphere that has been debunked completely (by the Federal Reserve Bank, no less) but it still comes back over and over again.

I'm not talking about the CRA. There were laws passed well after the CRA that I'm talking about. My wife is in the mortgage business and watched it all go down.

Congress passed laws dramatically lowering lending standards, including such idiotic crap as no down payments, loans for more than 100% of the value of a home, and even allowing people to get "no doc" loans, for which the borrower didn't even have to provide proof of income. How f*cking stupid is that?

The people that bought homes under these standards often lied about income because they could, then bailed out when times got tough because they had no down payment to loose - no skin in the game.

And, since Fannie and Freddie were the eventual backers of these loans, the taxpayers are the ones that got stuck with the end result.

I say kick them all the f*ck out.

Chuck Akers
D-10855
Houston, TX

[DanG 1]

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Wrong, rules around it WERE a big part of it and was ultimatly the trigger.

Congress is the CRA. If we do not place the blame where it belongs then we can never fix it.

If you cant be convinced that the CRA is involved. Do a little research and find out for yourself where most of the forclosuers are happening.

In rural central Iowa or larger urban low income areas.

Might be very eye opening to you.

Also, do a little research on bank fittness by area. Again, compare Iowa to other areas of the country.

I do not expect you to report your findings as they will be damaging to your position

If you've already done the research, please post it. Why tell someone else to do the research and then imply that you already know the answer? I'm betting because you haven't actually done the research, but want us all to think that you have.

Post your proof, if it exists. If it doesn't exist, stop implying it does.

- Dan G

[bodypilot90 0]

and lets not forget Acorn's hand in all this and who helped acorn? Barry did!

[chuckakers 426]

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and lets not forget Acorn's hand in all this and who helped acorn? Barry did!

Or the $30 million that's going to some organization in California to watch over the endangered Marsh Mouse. Do the little f*ckers just eat Caviar?

Obama is a JOKE. I just hope we have a country left after he gets done.

Chuck Akers
D-10855
Houston, TX

[Capt.Slog 0]

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Did I mention it was the democratically controlled congress that passed the laws lowering those standards under the guise of creating "affordable housing" for all?

.

the CRA did NOT cause the housing crisis.
Another myth from the right wing blogosphere that has been debunked completely (by the Federal Reserve Bank, no less) but it still comes back over and over again.

I'm not talking about the CRA. There were laws passed well after the CRA that I'm talking about. My wife is in the mortgage business and watched it all go down.

.

The Gramm (R)-Leach(R)-Bliley(R) Act, maybe?

Or maybe The Enron Loophole", drafted by Enron Corporation lobbyists working with Phil Gramm (R-TX) to create a deregulated market for their experimental "Enron On-line" initiative.

Yup, great legislation those R's produced.

[wmw999 2,560]

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Congress passed laws dramatically lowering lending standards, including such idiotic crap as no down payments, loans for more than 100% of the value of a home, and even allowing people to get "no doc" loans, for which the borrower didn't even have to provide proof of income.

What laws were those? I can easily imagine that lenders offered them if they saw the potential of profit -- that's what they do. In the early to mid 80's negative amortization loans were all the rage, because, after all, real estate was bound to keep rising at the rate it had been. Congress didn't force those, the FHA offered all those stodgy fixed-rate loans.

It's about making the sale; if you get the sale, you're a hero, and no one remembers a couple of years down the road when the bank forecloses. Not to mention that you never know what might happen -- the guy might get a big raise, real estate might keep going up so that he can sell.

They're doing it because they want to make a living, too.

But I'd be interested in what Congress had to do with it, that it wasn't just people with money seeing ways to make it into more money. Most of them thought it was going to work, too. Unfortunately, what was a bad idea in the 80's didn't become a better idea later.

Wendy W.

There is nothing more dangerous than breaking a basic safety rule and getting away with it. It removes fear of the consequences and builds false confidence. (tbrown)

[Capt.Slog 0]

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Did I mention it was the democratically controlled congress that passed the laws lowering those standards under the guise of creating "affordable housing" for all?

.

the CRA did NOT cause the housing crisis.
Another myth from the right wing blogosphere that has been debunked completely (by the Federal Reserve Bank, no less) but it still comes back over and over again.

Wrong, rules around it WERE a big part of it and was ultimatly the trigger.

Congress is the CRA. If we do not place the blame where it belongs then we can never fix it.

If you cant be convinced that the CRA is involved. Do a little research and find out for yourself where most of the forclosuers are happening.

In rural central Iowa or larger urban low income areas.

Might be very eye opening to you.

Also, do a little research on bank fittness by area. Again, compare Iowa to other areas of the country.

I do not expect you to report your findings as they will be damaging to your position

As usual, you are completely and utterly WRONG.

Read:

O. Emre Ergungor, "Foreclosures in Ohio: Does Lender Type Matter?", Federal Reserve Bank of Cleveland working paper.

Pressman, Aaron. "Community Reinvestment Act had nothing to do with subprime crisis - BusinessWeek". www.businessweek.com. http://www.businessweek.com/investing/insights/blog/archives/2008/09/community_reinv.html. Retrieved on 2008-10-14.

Ellis, Luci. "The housing meltdown: Why did it happen in the United States?". BIS Working Papers (259): 5. (http://www.bis.org/publ/work259.pdf?noframes=1).

"Let me ask you: where in the CRA does it say: make loans to people who can't afford to repay? No-where!""Sheila Bair: Stop Blaming the Community Reinvestment Act". U.S. News and World Report. 12/17/2008. http://www.usnews.com/blogs/the-home-front/2008/12/17/sheila-bair-stop-blaming-the-community-reinvestment-act.html.

"Comptroller Dugan Says CRA Not Responsible for Subprime Lending Abuses". Reuters. 11/19/2008. http://www.reuters.com/article/pressRelease/idUS195590+19-Nov-2008+PRN20081119.

Westrich, Tim. "Setting the Record Straight". www.americanprogress.org. http://www.americanprogress.org/issues/2008/09/cra.html. Retrieved on 2008-10-14.