Obama - a record of mailaise and failure

Obama's record of broken promises:

Promise #1: “If you like your health care plan, you’ll be able to keep your health care plan, period.”

Reality: Millions of Americans have lost and will lose their coverage due to Obamacare.

Promise #2: “[T]hat means that no matter how we reform health care, we will keep this promise to the American people: If you like your doctor, you will be able to keep your doctor, period.”

Reality: Many Americans might not be able to keep their current doctor without paying extra.

Promise #3: “In an Obama administration, we’ll lower premiums by up to $2,500 for a typical family per year.”

Reality: Premiums for people purchasing coverage in the individual market have significantly increased in a majority of states.

Promise #4: “[F]or the 85 and 90 percent of Americans who already have health insurance, this thing’s already happened. And their only impact is that their insurance is stronger, better and more secure than it was before. Full stop. That’s it. They don’t have to worry about anything else.”

Reality: Obamacare imposes certain new benefit mandates on those with employer-sponsored coverage—a majority of Americans.

Promise #5: “Under my plan, no family making less than $250,000 a year will see any form of tax increase.”

Reality: Obamacare contains 18 separate tax hikes, fees, and penalties, many of which heavily impact the middle class.

Promise #6: “I will not sign a plan that adds one dime to our deficits—either now or in the future.”

Reality: $9.8 trillion in debt.

Promise #7: “[W]hatever ideas exist in terms of bending the cost curve and starting to reduce costs for families, businesses, and government, those elements are in this bill.”

Reality: Health spending is still rising and is projected to grow at an average rate of 5.8 percent from 2012 to 2022.

Promise #8: “I will protect Medicare.”

Reality: Obamacare cuts Medicare spending.

Promise #9: “I will sign a universal health care bill into law by the end of my first term as president that will cover every American.”

Reality: Millions of Americans will remain uninsured.

Promise #10: “So this law means more choice, more competition, lower costs for millions of Americans.”

Reality: Obamacare has not increased insurer competition or consumer choice.
 
As usual you provided shit, absolutely nothing. Now where in the CRA does it allow banks to operate the way you indicated?
The answer my dear is that it doesn't

Actually I provide a quote and a link to an article that totally destroyed your position. "Boom."
 
you are just another right wing liar, like Hand job. Actually you are hand job, so I expect you to lie

No need to get all hysterical just because I destroyed your position. Learn from this and don't be so accepting of the Democrat line next time.
 
In other words, you cannot. Thanks!

you are just another right wing liar, like Hand job. Actually you are hand job, so I expect you to lie

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So we have a law passed over 30 years ago, that never had a problem until the Bush administration? Does "meet the credit needs" mean something that we cannot understand, you fucking piece of dog shit

LIE

As usual you provided shit, absolutely nothing. Now where in the CRA does it allow banks to operate the way you indicated?
The answer my dear is that it doesn't

LIE

Am I supposed to comprehend you lies and never ending bull shit?

LIE

I never lie

LIE

Cite a single false claim, my little lying bitch!

See above.
 
“Under Clinton’s Housing and Urban Development (HUD) secretary, Andrew Cuomo, Community Reinvestment Act regulators gave banks higher ratings for home loans made in ‘credit-deprived’ areas. Banks were effectively rewarded for throwing out sound underwriting standards and writing loans to those who were at high risk of defaulting.
What’s more, in the Clinton push to issue home loans to lower income borrowers, Fannie Mae and Freddie Mac made a common practice to virtually end credit documentation, low credit scores were disregarded, and income and job history was also thrown aside. The phrase “subprime” became commonplace. What an understatement. … Tragically, when prices fell, lower-income folks who really could not afford these mortgages under normal credit standards, suffered massive foreclosures and personal bankruptcies.”
 
“Under Clinton’s Housing and Urban Development (HUD) secretary, Andrew Cuomo, Community Reinvestment Act regulators gave banks higher ratings for home loans made in ‘credit-deprived’ areas. Banks were effectively rewarded for throwing out sound underwriting standards and writing loans to those who were at high risk of defaulting.
What’s more, in the Clinton push to issue home loans to lower income borrowers, Fannie Mae and Freddie Mac made a common practice to virtually end credit documentation, low credit scores were disregarded, and income and job history was also thrown aside. The phrase “subprime” became commonplace. What an understatement. … Tragically, when prices fell, lower-income folks who really could not afford these mortgages under normal credit standards, suffered massive foreclosures and personal bankruptcies.”

That is absolutely not what caused the crash of millions of homes. I have seen rightys try and do this before, but it only works on other rightys.
Yes Clinton was encouraging blacks to buy homes because for most people, it was their biggest article of profit and value.
Tragically when prices fell? getting closer. Why did the prices fall?
Bankers, not Clinton, were encouraging people to buy homes. If you were around then, you would have seen commercials trying to talk you into refinacing or buying a new home. You got phone calls over and over. You got emails many times a day, from banks and lenders offereing you big loans and lower and lower rates. They encouraged you to fold your credit card debt into your new mortgage and do home repairs or buy a car.
Bank directed motgage lenders to offer better and better deals.They offered homes for no money down and often put cash in your pocket, That was because bankers had no liability. They chopped them up and sold them in securities across the globe. The banks had no liability. But they were making billions off them.
The mortgage qualifications got less and less until they were practically gone.
 
That is absolutely not what caused the crash of millions of homes. I have seen rightys try and do this before, but it only works on other rightys.
Yes Clinton was encouraging blacks to buy homes because for most people, it was their biggest article of profit and value.
Tragically when prices fell? getting closer. Why did the prices fall?
Bankers, not Clinton, were encouraging people to buy homes. If you were around then, you would have seen commercials trying to talk you into refinacing or buying a new home. You got phone calls over and over. You got emails many times a day, from banks and lenders offereing you big loans and lower and lower rates. They encouraged you to fold your credit card debt into your new mortgage and do home repairs or buy a car.
Bank directed motgage lenders to offer better and better deals.They offered homes for no money down and often put cash in your pocket, That was because bankers had no liability. They chopped them up and sold them in securities across the globe. The banks had no liability. But they were making billions off them.
The mortgage qualifications got less and less until they were practically gone.
And you idiots .... Got skewed !!
 
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