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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on May 06, 2014, 01:29:18 PM
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http://www.washingtonpost.com/blogs/wonkblog/wp/2014/05/05/u-s-businesses-are-being-destroyed-faster-than-theyre-being-created/?hpid=z5
Fuck you Obama
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Yeah Fuck you.
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Yeah Fuck you.
What occurred w the election of a Marxist thug and communist pos like Obama is only a surprise to the dumbest among us.
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What occurred w the election of a Marxist thug and communist pos like Obama is only a surprise to the dumbest among us.
you think that is the reason for those years having slow business formation?
no major economic meltdowns occurred around that time or anything?
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What occurred w the election of a Marxist thug and communist pos like Obama is only a surprise to the dumbest among us.
dude you are so whacked out. I would not be surprised to see you committing terrorists acts soon.
You are still sounding like John Candy in Peace Core, but on the other side.
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you think that is the reason for those years having slow business formation?
no major economic meltdowns occurred around that time or anything?
He promised to fix it
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dude you are so whacked out. I would not be surprised to see you committing terrorists acts soon.
You are still sounding like John Candy in Peace Core, but on the other side.
Lol. You voted for him - dont blame anyone but yourself
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He promised to fix it
::)
You "promised" to quit the forum.
As if all politicians make good on their campaign promises.
Get therapy.
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You seriously need mental help. Get meds or something.
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You seriously need mental help. Get meds or something.
False. You voted for this
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False. You voted for this
Not False
People left, right and center on this board have told you the same thing many times
You seriously need mental help. Get meds or something.
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Not False
People left, right and center on this board have told you the same thing many times
Again - you voted for this - worse than W - eat it.
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Again - you voted for this - worse than W - eat it.
who was POTUS when the crash happened
what year was that again?
How do things look now compared to then?
Now, seriously. No Joke. Go get some help for your mental health problems
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who was POTUS when the crash happened
what year was that again?
How do things look now compared to then?
Now, seriously. No Joke. Go get some help for your mental health problems
lol
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lol
mentally ill people laugh a lot often at inappropriate times
maybe you're just laughing because you have no response to the facts
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mentally ill people laugh a lot often at inappropriate times
maybe you're just laughing because you have no response to the facts
Obama depression
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Not only that, but during the most recent three years of the study -- 2009, 2010 and 2011 -- businesses were collapsing faster than they were being formed, a first. Overall, new businesses creation (measured as the share of all businesses less than one year old) declined by about half from 1978 to 2011.
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Not only that, but during the most recent three years of the study -- 2009, 2010 and 2011 -- businesses were collapsing faster than they were being formed, a first. Overall, new businesses creation (measured as the share of all businesses less than one year old) declined by about half from 1978 to 2011.
no shit dumbass
even the most ardent right winger is going to understand that you don't just suddenly hit a re-set button and get back on track after a profound economic collapse (i.e. credit markets locked up, banks failing, millions losing their jobs, etc...)
You don't just change administrations and have all that stuff go away overnight
In fact, all you would have to do is to have been sane and aware of what was happening at the time to understand that
Only a moron or someone with profound mental health issues wouldn't be able to understand that
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no shit dumbass
even the most ardent right winger is going to understand that you don't just suddenly hit a re-set button and get back on track after a profound economic collapse (i.e. credit markets locked up, banks failing, millions losing their jobs, etc...)
You don't just change administrations and have all that stuff go away overnight
In fact, all you would have to do is to have been sane and aware of what was happening at the time to understand that
Only a moron or someone with profound mental health issues wouldn't be able to understand that
So when does it start to get better? ;)
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So when does it start to get better? ;)
you're still stuck in that shithole apartment that you couldn't sell or even rent out in 2008
right?
The stock market is still at the same place it was at the end of 2008
right?
and on and on
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It's all Bush's fault. ::)
This might be a newsflash for some, but the crisis of '08-09 was not solely the fault of the Bush admin by any stretch of the imagination. It was sparked by the housing bubble / credit crisis, and of course it spread.
The housing bubble began in '97, and was a result of legislation going back many years that led to bad loans being written because of the idea some politicians had that everyone should have a "right" to be a homeowner. Not everyone is cut out for the responsibilities of home ownership, believe it or not.
Of course some took this idea and ran with it, and many, many bad loans were funded - many of which were sold by the lender who originated them to other institutions or investors right after they funded them.
I was a mortgage broker for several years many years ago.
And when institutions are borrowing 10, 20, 30 bucks for every one buck they have in equity to buy bad loans and other risky investments, it's not gonna be a gravy train forever. And when it goes bad, we now all know what happens.
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It's all Bush's fault. ::)
This might be a newsflash for some, but the crisis of '08-09 was not solely the fault of the Bush admin by any stretch of the imagination. It was sparked by the housing bubble / credit crisis, and of course it spread.
The housing bubble began in '97, and was a result of legislation going back many years that led to bad loans being written because of the idea some politicians had that everyone should have a "right" to be a homeowner. Not everyone is cut out for the responsibilities of home ownership, believe it or not.
Of course some took this idea and ran with it, and many, many bad loans were funded - many of which were sold by the lender who originated them to other institutions or investors right after they funded them.
I was a mortgage broker for several years many years ago.
And when institutions are borrowing 10, 20, 30 bucks for every one buck they have in equity to buy bad loans and other risky investments, it's not gonna be a gravy train forever. And when it goes bad, we now all know what happens.
I've never said it was all Bush's fault (though of course everything that's happened since then is all Obama's fault)
The asset bubble in real estate was created by de-regulation of commodity and banking which both parties were complicit in doing
The idiotic premise of this thread seems to be that Obama should have pressed the magical re-set button when he got into office rather than the actual reality of slowing recovering from an economic shit storm (and getting absolutely no cooperation from Repubs in doing so)
This topic has been covered ad nauseam on this board over the last six years
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It was the regulations passed many years ago that started it all. Lenders were forced to make bad loans. To soften the impact, they created nontraditional financing.
Of course greed factored into it. But increasing regs in order to achieve social engineering or social justice or whatever in an already overly regulated society is almost always a bad thing, while deregulation and allowing the free markets to work at their most efficient is generally a good thing.
I haven't been here much of the last 6 years, and I don't have 18 hours a day to spend here, nor would I want to. But thanks anyway.
I've never said it was all Bush's fault (though of course everything that's happened since then is all Obama's fault)
The asset bubble in real estate was created by deregulation of commodity and banking which both parties were complicit in doing
The idiotic premise of this thread seems to be that Obama should have pressed the magical re-set button when he got into office rather than the actual reality of slowing recovering from an economic shit storm (and getting absolutely no cooperation from Repubs in doing so)
This topic has been covered ad nauseam on this board over the last six years
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It was the regulations passed many years ago that started it all. Lenders were forced to make bad loans. To soften the impact, they created nontraditional financing.
Of course greed factored into it. But increasing regs in order to achieve social engineering or social justice or whatever in an already overly regulated society is almost always a bad thing, while deregulation and allowing the free markets to work at their most efficient is generally a good thing.
I haven't been here much of the last 6 years, and I don't have 18 hours a day to spend here, nor would I want to. But thanks anyway.
completely wrong but I know that's a popular right wing talking point
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How is that wrong.....Clinton pushed those banks to make loans more available to people who would never otherwise qualify. That led to the bubble years later. When one thing got out of wack...natural greed based on deregulation took over. Bush had very little to do with it. The fall was predicted by a lot in the Bush admin and nobody on either side did anything in Congress.
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I believe early legislation can be traced back as far as '82 when interest rates and inflation were at historic highs. So you can go ahead and blame Ronald Regan.
Now we've got this Dodd-Frank crap. And did you hear about the AG extorting JPM for $ to give to additional low income / EO lending orgs?... All because of the surprises WaMu had on the books when JPM bought them out.
completely wrong but I know that's a popular right wing talking point
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How is that wrong.....Clinton pushed those banks to make loans more available to people who would never otherwise qualify. That led to the bubble years later. When one thing got out of wack...natural greed based on deregulation took over. Bush had very little to do with it. The fall was predicted by a lot in the Bush admin and nobody on either side did anything in Congress.
no he didn't (I assume you're referring to CRA loans which existed for decades and were promoted by every administration).
CRA loans didn't create the asset bubble or the collapse of the credit markets
The asset bubble was created by the creation of Alt-A and subprime loans which in and of themselves were not necessarily a bad thing.
The bad thing was that Wall Street realized they could make money by putting together pools of loans that were designed to fail so that they could cash in on the credit default swaps. The key point is that these pools of loans could not be put together without a willing buyer for the worst tranche in the pool. That
None of this could have happened without the Commodity Futures Modernization Act of 2000
http://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000
Here is a quick slide show to explain the process
http://www.propublica.org/special/the-anatomy-of-the-magnetar-trade#http://propublica.org/projects/hedge_fund/graphics/slideshow/finalslides_040910-01.png
This is what created the asset bubble and the "toxic" pools of mortgages which is what caused not only the near collapse of the credit markets but the crash in real estate
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http://freebeacon.com/issues/economy-not-keeping-up-with-population-growth
no he didn't (I assume you're referring to CRA loans which existed for decades and were promoted by every administration).
CRA loans didn't create the asset bubble or the collapse of the credit markets
The asset bubble was created by the creation of Alt-A and subprime loans which in and of themselves were not necessarily a bad thing.
The bad thing was that Wall Street realized they could make money by putting together pools of loans that were designed to fail so that they could cash in on the credit default swaps. The key point is that these pools of loans could not be put together without a willing buyer for the worst tranche in the pool. That
None of this could have happened without the Commodity Futures Modernization Act of 2000
http://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000
Here is a quick slide show to explain the process
http://www.propublica.org/special/the-anatomy-of-the-magnetar-trade#http://propublica.org/projects/hedge_fund/graphics/slideshow/finalslides_040910-01.png
This is what created the asset bubble and the "toxic" pools of mortgages which is what caused not only the near collapse of the credit markets but the crash in real estate
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no he didn't (I assume you're referring to CRA loans which existed for decades and were promoted by every administration).
CRA loans didn't create the asset bubble or the collapse of the credit markets
The asset bubble was created by the creation of Alt-A and subprime loans which in and of themselves were not necessarily a bad thing.
The bad thing was that Wall Street realized they could make money by putting together pools of loans that were designed to fail so that they could cash in on the credit default swaps. The key point is that these pools of loans could not be put together without a willing buyer for the worst tranche in the pool. That
None of this could have happened without the Commodity Futures Modernization Act of 2000
http://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000
Here is a quick slide show to explain the process
http://www.propublica.org/special/the-anatomy-of-the-magnetar-trade#http://propublica.org/projects/hedge_fund/graphics/slideshow/finalslides_040910-01.png
This is what created the asset bubble and the "toxic" pools of mortgages which is what caused not only the near collapse of the credit markets but the crash in real estate
Anybody want to comment on this?
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Anybody want to comment on this?
sure, it's correct.
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Ah the good old CRA, thanks Jimmy Carter, the gift that keeps on giving.....
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Ah the good old CRA, thanks Jimmy Carter, the gift that keeps on giving.....
CRA loans existed long before the meltdown in the global credit markets and......CRA loans still exist today
Do you know what doesn't exist now....Sub Prime and Alt-A loans (though some lenders are dipping their toes back into that market)
Do you know why we had to bail out AIG (it has to do with those pools of loans that were designed to fail)
When you create pools of loans that are designed to fail and then you sell securities against those loans as "A Paper" you make it impossible to accurately put a value on those securities and then you have banks, pension funds, etc... who can't properly determine the value of a security on their balance sheet and your global credit system seizes up
Remember the original concept of TARP (Trouble Asset Relief Program) was to buy up those securities to get them off the banks balance sheet
BTW - when they dreamed up TARP I used to tell my friends that my bank account wasn't yet "troubled" but it was definitely feeling a bit melancholy
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CRA loans existed long before the meltdown in the global credit markets and......CRA loans still exist today
Do you know what doesn't exist now....Sub Prime and Alt-A loans (though some lenders are dipping their toes back into that market)
Do you know why we had to bail out AIG (it has to do with those pools of loans that were designed to fail)
When you create pools of loans that are designed to fail and then you sell securities against those loans as "A Paper" you make it impossible to accurately put a value on those securities and then you have banks, pension funds, etc... who can't properly determine the value of a security on their balance sheet and your global credit system seizes up
Remember the original concept of TARP (Trouble Asset Relief Program) was to buy up those securities to get them off the banks balance sheet
BTW - when they dreamed up TARP I used to tell my friends that my bank account wasn't yet "troubled" but it was definitely feeling a bit melancholy
Clinton signed Gramm Leech bill that deregulated the derivatives market remember?
Of course you do - but wont admit it
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Clinton signed Gramm Leech bill that deregulated the derivatives market remember?
Of course you do - but wont admit it
dude - just stop responding to my posts because you clearly don't even read them
I've never said it was all Bush's fault (though of course everything that's happened since then is all Obama's fault)
The asset bubble in real estate was created by de-regulation of commodity and banking which both parties were complicit in doing
The idiotic premise of this thread seems to be that Obama should have pressed the magical re-set button when he got into office rather than the actual reality of slowing recovering from an economic shit storm (and getting absolutely no cooperation from Repubs in doing so)
This topic has been covered ad nauseam on this board over the last six years