If you want jobs, elect a Democrat

otisptoadwater wrote:

Joe wrote: If you want jobs, elect a Democrat

rofllol

Sure, all you have to do is look at the current unemployment numbers. More so, consider the types of jobs that are being created, are McJobs that pay minimum wage and are not long term careers a part of the "increasing" number of jobs? You know they are. Spin and spin some more! :Koolaid:

Wait...which is it? I thought if you were poor and out of work, you were supposed to, "blame yourself!"...but you're saying it's Obama's fault that Bush lost millions and millions of jobs? Well, that's just...dumb.

HUH.

plaidvillain wrote:

Something the Dog Said wrote: Gee, big surprise that you are throwing out even more distortions to spin away from the true problems. Dodd Frank did require that Fannie Mae and Freddie Mac to acquire a percentage of housing loans that were "affordable". This percentage rose to about 55 percent by 2007, certainly not the sixty percent that you claim. The data shows that in fact those loans by the GSEs performed better than the subprime loans by private entities. In regard to those GSE loans, it was the Bush administration move to shift the power from the securitizors to the loan originators that lead to the rush into the subprime market and into competition for the subprime market, not the Dodd Frank legislation. The loan originators were the ones who used faulty appraisals and defective mortgages, not the GSEs. Citibank found that 80% of their mortgages were "defective", meaning that they did not meet with sound standards for underwriting.

My opinion is that speculators, i.e., hedge fund, investment fund, Romney types, were responsible for this mess. As interest rates continued to fall during the last decade, speculators sought to find higher returns for their vast sums of money. This led investment firms and banks to create new devices to enhance returns, i.e., "collaterization debt securities" and "mortgage backed securities" as well as derivatives in order to attract that money. These were unregulated and complex leading to unsupervised activity. The fees generated by these devices to the investment banks was enormous. Once the traditional mortgage market had been exhausted by these devices, more mortgages were needed to continue these devices and attract the speculator money. Thus a demand for subprime mortgages was created and quickly pushed in order for the investment banks to continue to collect these enormous fees. This lead to the collapse of the underwriting standards for mortgages and thus the collapse of the housing bubble. Citi found that 80% of their mortgages failed those standards.

GSEs on the other hand held up their underwriting standards and their subprime loans actually held up much better. It is only a conservative myth that the GSEs and Dodd Frank were responsible, with no supporting facts.

VERY well said.

VERY well said...

You Demoncrats are funny- all this talk about credit default swaps and derivatives. The way it looks here, republicans are the only ones who play with those types of financial instruments.

You wanna know the truth? More credit default swaps and derivatives have been written in the last 4 years under Obama than under Bush. That's right- they didn't go away- not at all. In fact- they have increased under Obama, many left leaning cities are using these financial instruments to keep their interest rates low on their debt because if they didn't they would go bankrupt.

And yes- it's left leaning cities that do this more often because they are the institutions that borrowed more money than they could ever pay back without tripling the city tax rates.

There's still just as many F9 monkeys on wall street creating & writing credit swap and derivative contracts as there ever were.

Democrats are heavily involved in these transactions- on both sides of the deal. Why are you all only blaming republicans?

Mike Bennet (D) Colorado left his job as a corporate raider for right-wing billionaire Philip Anschutz, later became head of Denver Public Schools and in that position orchestrated a deal with JP Morgan -- a deal that destroyed the Denver Public Schools' balance sheet and made JP Morgan, Citigroup and Bank of America millions. Bennet's senate campaign (no surprise) is a recipient of hundreds of thousands of dollars from the financial industry, including PAC contributions from JP Morgan; individual contributions from a Citigroup lobbyist and director; and an individual contribution from a Bank of America executive.

Source;
http://www.huffingtonpost.com/david-sir ... 72801.html

What kills jobs is the thousands of regulations that the Obama administration pushed into law after he was elected.

What kills jobs is being anti-business, and the demoncrats have demonstrated this skill over and over again in the last 4 years.

What kills jobs is spending money we don't have- driving us deeper into debt and chewing up any profit our economy generates in interest rate payments- and for that, we can thank the left for record spending in the last 4 years.

The republicans did it too- but the left have shown themselves to be the real experts.

When you have something besides disproven GOP talking-points let us know.

LJ is out there - lurking around just waiting for me to post- ready to pounce.

Hey LJ- when are you playing your next show? We wanna come and watch you play- see if you really can play like a girl.

And why wouldn't I?

I keep wondering if you can walk like a man?

So, I take it you're out of rational arguments, so it's time to resort to the personal attacks?

God, I love it... That's how I know I've won... :woo hoo:

I keep wondering if you can walk like a man?

That seems like a strange thing for you to spend time "wondering" about.

But since you mention it- how bout you LJ- Can you walk like a man?

Don't know...Never tried...

But it makes about as much sense as your obsession over whether or not I can "play like a girl." You should get counseling.. rofllol

LadyJazzer wrote: Don't know...Never tried...

But it makes about as much sense as your obsession over whether or not I can "play like a girl." You should get counseling.. rofllol

Well your signature makes the claim that you play pretty good for a girl, I just wanna verify.