Political Forums  

Go Back   Defending The Truth Political Forum > Political Forum > Current Events

Current Events Current Events Forum - Latest political news and events


Thanks Tree48Thanks
Reply
 
LinkBack Thread Tools Display Modes
Old May 10th, 2018, 03:49 PM   #21
Senior Member
 
Join Date: Feb 2018
Location: ohio
Posts: 964
Quote:
Originally Posted by Nwolfe35 View Post
What amazes me is that when unemployment numbers started turning around after the recession (and Obama was president) we were told by the RW media (and their sycophants here on DTT) that we couldn’t trust the government numbers. That they were using misleading numbers to make things look better.

But now that Trump is President the numbers are beyond reproach.
Unemployment went down under Obama because people stopped looking for work after they fell off unemployment. Also many of those awesome jobs you are touting were part time with no benefits.

I get that you guys hate Trump, it makes sense, Happy working Americans = bad news for democrats and their sheep.
Braveheart is offline  
Old May 10th, 2018, 03:55 PM   #22
Senior Member
 
Join Date: Feb 2018
Location: ohio
Posts: 964
Quote:
Originally Posted by tristanrobin View Post
America haters?

More dishonesty and deceit from our resident Christian representative.
Yep you would prefer to have this country look more like the socialist countries of Europe, so any good news for this country is bad news for you. YOU HATE AMERICA.

I have not seen any evidence from you that you are anything but what I have described. You have basically wished the worse kind of things on me, and why, because I have a different opinion, you have exposed yourself, you are a nasty reprobate, with a debased mind, who has no love for anything, except your own opinion.
Thanks from Jimmyb
Braveheart is offline  
Old May 10th, 2018, 04:25 PM   #23
Put some ice on that
 
Sabcat's Avatar
 
Join Date: Dec 2013
Location: Earth
Posts: 26,575
Quote:
Originally Posted by LongWinded View Post
Not really. WAges are stagnant, housing sales are falling along with car sales, gasoline prices are rising and food prices are going up. That's not a success story.

https://www.wsj.com/articles/trump-t...ays-1474257662
Housing is approaching an apex again and most likely will crash again. The shitty loans that kept the housing market afloat and contributed to the crash have been moved to cars, this is also unsustainable. W/ interest rates on the rise keep an eye out for the repo man and cars on the cheap. I am in the market for a couple of cars and I am sure that if I give it a year or so i will be able to gobble the newer one up for a fraction of where they are at now.
Thanks from imaginethat
Sabcat is online now  
Old May 10th, 2018, 06:34 PM   #24
Senior Member
 
BubbaJones's Avatar
 
Join Date: Mar 2013
Location: Middle Tennessee
Posts: 7,336
Quote:
Originally Posted by Braveheart View Post
For most of his career, Barney Frank was the principal advocate in Congress for using the government's authority to force lower underwriting standards in the business of housing finance. Although he claims to have tried to reverse course as early as 2003, that was the year he made the oft-quoted remark, "I want to roll the dice a little bit more in this situation toward subsidized housing." Rather than reversing course, he was pressing on when others were beginning to have doubts.

Frank and Dodd's tinkering with the CRA forced lending institutions to make a quota of bad loans that certainly contributed to the mortgage crisis, the primary cause of crisis was Frank and Dodd's push to reduce mortgage buying standards at Fannie Mae and Freddie Mac, who provide liquidity to mortgagees by buying the loans they (the mortgagees) make to the public.
BULL FUCKING SHIT !!!!!!!!! CRA had almost NOTHIUNG to do with the melt down. GO back and reread what I posted. THE BANKS DID IT TO THEMSELVES.

95% of the loans that defaulted were WRITTEN AFTER 2003 !!!!

I SAW THIS FIRST HAND !!!! I bought a house in 2002. Just divorced and carrying an uncomfortable amount of debt thanks to the ex wives. I KNEW what I could afford. Wasn't my first rodeo ya know. So I when I found a house I started the process of getting a mortgage. My mortgage broker must have asked me at least a dozen times or more if this was "all the house" I wanted. HE INSISTED that I could easily qualify for a house THREE TIMES more expensive that what I was applying for. I finally had to tell him DO NOT mention it again or I'll go find another mortgage broker.

Now the house was a little HUD repo and needed work. I had a choice. I could make a larger down payment, but that would leave me little to make repairs with. Or I could take an ARM and put down a very small amount. So I took the ARM. The rate was locked for the first two years. By the time the two years was up I had made substantial repairs AND interest rates had fallen almost TWO FULL POINTS. Naturally I expected my rate to drop or at least stay the same. Imagine my surprise when I open the notice and found that they were JACKING MY RATES TWO FULL POINTS !!!

THAT HAD NOTHING TO DO WITH CRA !!!! I'm a fat bald WHITE GUY !! This was PURE GREED on the part of the lenders. Naturally I did a quick refi, replaced some of the cash I had spent on repairs and converted to a fix 30 year. My payment actually went down. Of course I didn't let them talk me into a much larger house. I didn't take their offers of 125% loans !!!! So I had little trouble refinancing.

Imagine tho being a first time home buyer. Having to DEPEND on your realtors and loan officers to guide you through the process. Imagine if I had bought that THREE TIMES MORE EXPENSIVE HOUSE ?? I would have already been hard pressed to make the payments. Then Imagine a loan that size getting a two or even three percent interest rate hike. WE'RE TALKING a bump in mortgage payments of several hundred dollars.

This is exactly what happened to MILLION of home owners.
Thanks from imaginethat, Camelot and Sabcat
BubbaJones is offline  
Old May 10th, 2018, 06:43 PM   #25
Senior Member
 
BubbaJones's Avatar
 
Join Date: Mar 2013
Location: Middle Tennessee
Posts: 7,336
Quote:
Originally Posted by TNVolunteer73 View Post
Oh GEEZZ he isn't referring to DODD FRANK bill

he is referring to DODD FRANK the Senator and Congressman that BLOCKED LEGISLATION that would have prevented the meltdown (or made it less of a meltdown)
OH MY MOTHER FUCKING GOD !!!!!!!!!!! YOU REALLY ARE A COMPLETE AND TOTAL MORON !!!!!!!!!!!!!

There IS NOT AND was not and NEVER HAS BEEN A SENATOR DODD FRANK !!!!!!!!!!!! Jesus H Tap Dancing Christ CAN YOU BE A BIGGER FUCKING LIAR !!!!!!!!

Dodd - Frank refers to Senator CHRIS DODD and Senator BARNIE FRANK who wrote the new legislation AFTER THE housing crash to make sure the banks can't DO IT TO US AGAIN !!!
Thanks from imaginethat and Clara007
BubbaJones is offline  
Old May 11th, 2018, 03:33 AM   #26
Senior Member
 
Clara007's Avatar
 
Join Date: Dec 2015
Location: Arizona
Posts: 10,197
Quote:
Originally Posted by Braveheart View Post
Yep you would prefer to have this country look more like the socialist countries of Europe, so any good news for this country is bad news for you. YOU HATE AMERICA.

I have not seen any evidence from you that you are anything but what I have described. You have basically wished the worse kind of things on me, and why, because I have a different opinion, you have exposed yourself, you are a nasty reprobate, with a debased mind, who has no love for anything, except your own opinion.

You wanted examples of slander---take a look.
Thanks from imaginethat, RNG and Camelot
Clara007 is offline  
Old May 11th, 2018, 03:53 AM   #27
Senior Member
 
iolo's Avatar
 
Join Date: Nov 2012
Location: Rhondda
Posts: 1,871
Quote:
Originally Posted by Braveheart View Post
Yep you would prefer to have this country look more like the socialist countries of Europe, so any good news for this country is bad news for you. YOU HATE AMERICA.

I have not seen any evidence from you that you are anything but what I have described. You have basically wished the worse kind of things on me, and why, because I have a different opinion, you have exposed yourself, you are a nasty reprobate, with a debased mind, who has no love for anything, except your own opinion.
Which countries are those, weirdo? You are off your cracked old rocker. Get to the UK and see if you can wheedle free treatment!
Thanks from Clara007
iolo is offline  
Old May 11th, 2018, 04:05 AM   #28
I'm debt free
 
TNVolunteer73's Avatar
 
Join Date: Nov 2012
Location: Lebanon, TN
Posts: 35,805
Quote:
Originally Posted by Nwolfe35 View Post
What amazes me is that when unemployment numbers started turning around after the recession (and Obama was president) we were told by the RW media (and their sycophants here on DTT) that we couldn’t trust the government numbers. That they were using misleading numbers to make things look better.

But now that Trump is President the numbers are beyond reproach.
The U6 the day Obama took office and the day he left office WERE UNCHANGED

the Jobs created were ~50% PART TIME JOBS.

Those jobs have been upsized to full time jobs under trump.
TNVolunteer73 is offline  
Old May 11th, 2018, 04:28 AM   #29
Senior Member
 
imaginethat's Avatar
 
Join Date: Oct 2010
Location: Western Slope, Colorado
Posts: 59,752
Quote:
Originally Posted by Clara007 View Post
Quote:
Originally Posted by Braveheart View Post
Yep you would prefer to have this country look more like the socialist countries of Europe, so any good news for this country is bad news for you. YOU HATE AMERICA.

I have not seen any evidence from you that you are anything but what I have described. You have basically wished the worse kind of things on me, and why, because I have a different opinion, you have exposed yourself, you are a nasty reprobate, with a debased mind, who has no love for anything, except your own opinion.
You wanted examples of slander---take a look.
Amen.
Thanks from Clara007
imaginethat is online now  
Old May 11th, 2018, 08:18 AM   #30
Senior Member
 
Kate's Avatar
 
Join Date: Nov 2012
Location: Colorado
Posts: 1,535
[QUOTE=Clara007;1166496]

This country has been recovering from the Great Recession for almost a decade. We were all affected by job loses, financial loses--some lost their homes--some their retirement/pensions....but you are more interested in trolling for a political prize. Barack Obama started the recovery. Trump was elected as we arrived at recovery.

Whoa! Hold on Miss Clara, your touting that 1 and 1/2 years into Trump's presidency, that Obama is responsible? Let's back up to 2010, when Bush was responsible for Obama's problems and successes. Depending on which side one stood.
Perception is key. And the truth will never be unlocked by perception.
Kate is online now  
Reply

  Defending The Truth Political Forum > Political Forum > Current Events

Tags
leaners, left



Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
How an extreme left became anti-zionist left houseknight Middle East 3 March 11th, 2018 12:00 PM
The Rise Of The New Left skews13 Current Events 6 November 5th, 2013 01:57 AM
Contradictions of the right and left: Kate Political Talk 190 May 5th, 2013 12:55 PM
The Right to be Left Alone... tadpole256 Freedom of Speech 0 June 17th, 2009 02:51 PM
God has left us to our own devices pensacola_niceman Religion 38 September 30th, 2008 08:05 AM


Facebook Twitter RSS Feed



Copyright © 2005-2013 Defending The Truth. All rights reserved.