And 10%+ unemployment with record numbers on food stamps. Strange how the left thinks low unemployment, less on the dole, and a growing economy is a bad thing. For them, since their desire is socialism and government dependency, it is.
Can You Imagine How Badly It Might Have Gone If Trump* Had Been Elected In 2008?
- Thread starter PoliTalker
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And 10%+ unemployment with record numbers on food stamps. Strange how the left thinks low unemployment, less on the dole, and a growing economy is a bad thing. For them, since their desire is socialism and government dependency, it is.
Scut Farkus
Verified User
central banks are in the communist manifesto, that's why these totalitarians are so firmly ensconced on banker dick.
Yeah...….The world elite banking families would never have gotten the chance to purchase the politicians in Washington DC for the Quid Pro Quo promise of personal wealth......and SPY GATE would have never been realized to control the majority of Corp. CEOs through blackmail and the perversion of preying on our Children.
One can only imagine the number of lives that COULD HAVE BEEN SAVED. The "possibilities" of this left wing pseudo world are endless. DON'T YA LUV IT WHEN THE LEFT WANTS TO LIVE IN A WORLD BETWEEN THEIR EARS?
Can you "imagine" what would happen if a bullfrog had wings? Can you imagine it not bumping its ass every time it jumps but flying off into some left wing EUTOPIA where all the frogs joined hands to sing KUMBAYA....with ORANGE MAN in jail?Wait....I'm getting a flashback.....to a pseudo investigation in the basement of some building where IMGAINATION was used as objective evidence. OH! the humanity! In this pseudo left wing UTOPIA....the accused is required to prove his innocence without the ability to call any objective witnesses. Anything can happen in the mind of a CHILD....divorced from reality. DX:? TDS....TRUMP DERANGEMENT SYNDROME.
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I lived what happened, dont need someone to tell me
Propaganda is what put Trump in office. He has Fox Gnus, Infowars, Breitbart and so many others that are all Trump all the time.
Problem is......Documentation is not propaganda. What placed Trump into office are the blue collar democrats in the states of Wis. Pa., Michigan, and Fla. You know those smelly Walmart deplorables?
Holding banks accountable was never the intention. The legislation passed after the crash involved people deeply involved in it -- Barney Frank and Chris Dodd.
So, in effect, we had massive amounts of corporate welfare and legislation that favored the banks further.
So did I,,so that explanation fails. I remember the fight to get the vote through the House and senate.
I also remember when , late at night, Durbin walked out after the Gramm banking bill passed telling how concerned he was about how dangerous and wrong it was.
I remember when Truman gave a convention speech calling Nixon , Tricky Dicky.
It was the aim, but Obama knew he could not get programs to recover through congress if banks were against it. In the end, political power still mattered. Dodd /Frank was immediately watered down. Ever since it passed, it has been slowly eroded away.
So again, why were the bailouts preferable to not just letting the market clear things?
Not banking. We've seen time and time again that this leads to massive crashes. We should definitely get government out of the mortgage business.
The USPS should be completely privatized. Amazon might as well buy them.
Regulation is a lot of the reason for these crashes. Whenever government gets involved in regulation, it doesn't matter if the politician says he or she stands for the people. They will make rules that might look good on the surface, but the end result is a situation that favors some businesses over others.
I'm not saying all regulation should be abolished, but when it comes to lending, government should stay out. The Community Reinvestment Act caused numerous problems in particular.
Proper regulation would encourage banks to be less risky with lending. Instead, we have laws like the CRA that encourage lending to high risk people. There are a lot of people who currently have mortgages that really shouldn't when considering their income situation.
Holding banks accountable and letting the market clear itself would not have allowed as big of a bubble in property to be created. There were natural limits to various lending practices, even in the subprime market, that were weakened via government subsidization and encouragement.
PoliTalker
Diversity Makes Greatness
Hello Woko Haram,
The United States Postal Service should offer basic banking services and reasonable small loans to lower income Americans. Clearly there is a need. That need is currently being met by Buy-Here-Pay-Here used car joints and Payday Loan joints. These unscrupulous places charge outrageous interest rates which keep the poor poor. This is not beneficial to the US economy. All it does is forward the Class War. It makes it impossible for poor people to rise out of poverty or build wealth. It is unconscionable to be getting rich from the desperation of the poor.
The United States Postal Service should offer basic banking services and reasonable small loans to lower income Americans. Clearly there is a need. That need is currently being met by Buy-Here-Pay-Here used car joints and Payday Loan joints. These unscrupulous places charge outrageous interest rates which keep the poor poor. This is not beneficial to the US economy. All it does is forward the Class War. It makes it impossible for poor people to rise out of poverty or build wealth. It is unconscionable to be getting rich from the desperation of the poor.
PoliTalker
Diversity Makes Greatness
Hello Woko Haram,
That only happens when government is corrupted by big money. We are going to fix that with anti-corruption laws which will dissallow big money to dictate what government does, and return power to the people.
The GI Bill was a great example of the success of government lending. It pretty much built the middle class.
That only happens when government is corrupted by big money. We are going to fix that with anti-corruption laws which will dissallow big money to dictate what government does, and return power to the people.
The GI Bill was a great example of the success of government lending. It pretty much built the middle class.
PoliTalker
Diversity Makes Greatness
Hello Woko Haram,
Anybody who made it through the Great Recession to the Recovery from the Great Recession, and did not default is the kind of person who is responsible enough to be borrowing.
That was true in some cases but not on a great enough scale to be drawing those broad conclusions. We don't want to throw the baby out with the bath water.
Anybody who made it through the Great Recession to the Recovery from the Great Recession, and did not default is the kind of person who is responsible enough to be borrowing.
That was true in some cases but not on a great enough scale to be drawing those broad conclusions. We don't want to throw the baby out with the bath water.
How does this serve the constitutional requirement to offer mail service ?
Who will pay the defaults which are the reason rates for poor creditworthy are high ?
The USPS has no surplus of money to lend much less money for defaults. So where does this money come from ?
They get rich off of the stupidity of certain people, but if you're trying to prevent that sort of thing, you'll need to intervene in all sorts of sales industries.