Black Youth Unemployment Falls to Lowest Level in History

Not only is that wrong, but Senator Obama, along with all Democrats, refused support for Republican regulatory bills of Fannie/Freddie. They claimed it would hurt minorities and the housing industry. Republicans tried to regulate Fannie/Freddie. It would have passed had enough Democrats gotten on board. So not only did President Obama not inherit Bush's alleged screw up, he inherited the problem which he and his own party helped in large part to create. Check out Chuck Hagels bill S-190 in 2005.

 

They have a very selective memory of these events.

 

I know, right?! While Republicans were divided over regulation, some for and some against. Democrats were united as a monolith against it. So it didn't get enacted and Fannie/Freddie continued on unregulated. The Republicans who tried, had no Democrat support whatsoever. But since it blew up, Democrats have been blaming Bush and Republicans. Yes, some Republicans refused to support regulation. But ALL the Democrats refused. And the bills only supporters were Republican. So how they can blame Republicans is beyond me.

 

Yup its a sham but I have noted that many on the left have a very short memory, Perhaps even if they did not, they would not be convinced of anything inconvenient.

 

True, and although it may take a full generation for the actual reality of those years to cycle past the necessity of being academically Politically Correct, eventually historians as a whole are not going to be kind to the inveterate race-agitating, nation-hating, warmongering, closet socialist president either.

 

The great truth that goes unsaid in the media. The "gift" of free credit to minorities that they couldn't afford to pay back by the Democrats is what crashed the housing market. And after that the Democrats had the gall to cry for these people that were "losing" the houses they never should have been given in the first place.

 

That essentially boils the truth down to its essence. The Left went socialistic big time in that regard; and when it inevitably crashed and burned as these socialist schemes and dreams always do our Dems refused to even acknowledge WHY the nation went into a recession in 2008.

 

The Democrats took it from 4.5% to 10%. Their stimulus was supposed to keep it at 8% for just one month and then a rapid fall instead it soared to that 10% and stayed over 8% for the next four years.

 

Agreed. But to be fair, it's my understanding that many underfunded people of every stripe (white, brown, black) got in on the scam. Dems only mentioned minorities as a threat to use the race card against any Republican attempt to regulate Fannie/Freddie. And Fannie/Freddie hired a firm to lobby (threaten) Republicans up for re election to align with Democrats against regulation.

 

I can see you boys have no idea how the housing market is played and why they have a recession every 7-10 years. I was in the business for forty years and one rule of thumb is never extent yourself by thinking you will have a job next week or an income or a sale of your product.....The housing crisis of 2008 was due to loans being sold off after the ink was dry to facilitate the increase in sales it's all fine and dandy until that door that used to open frequently for an income slams shut..

 

You are correct. It wasn't only minorities who took advantage of lax lending rules to buy properties they could not afford. But in re-writing history, the victim-card-race-card-playing liberal crowd chose to focus on minorities only, and use terms like "predatory" and "preying" to try to blame the lenders instead of the irresponsible folks who took out the loans in the first place.

 

And it was just a couple of years later after Hagels failed Senate Bill in 2005 that the bottom fell out around 2007. One of the Democrats who helped shoot it down in 2005 was Senator Barack Obama. So when Obama became President in 2009, he actually harvested the fruits of his own previous labors as opposed to inheriting something that the previous President Bush had supposedly done wrong.

 

I tried to get a home loan during that time, and predatory is far to nice a term to give to the jackass I talked too. Luckily I knew what I could afford, and didn't let him talk me into taking three times that amount. They absolutely preyed on people, and to deny it is to deny reality.

By the way it is your side that likes to blame minorities for the crash because of the Community Reinvestment Act. The reality is very few foreclosures were in neighborhoods covered by the CRA.

 

So true they left lead by Barney Frank fought tooth and nail against any reforms

 

The misdirect resides in the fact that Democrats used minorities as an excuse to not regulate Fannie/Freddie...saying that regulation would harm minorities and the housing industry in general.

 

It’s historical fact. Here is the congressional voting record from 2001-2007. Republicans killed every single one.

https://financialservices.house.gov...11/timeline_for_fannie_freddie_regulation.pdf

 

So who was it that killed the 300+ bills the Republican house sent to the Senate that Harry Reid sat on?

 

No such bills attempting to regulate fanny/Freddy were sent to him.

 

Nice try. That's not an official document. It's clearly an editorialized left wing compilation to create the shallow appearance of Republican culpability. I have researched only one of those bills, S-190. And it was clearly a Republican attempt to regulate GSE's, that died by lack of support by all Democrats and a sufficient number of Republicans so as to not meet the threshold for consideration. The intrigue involved in its demise involved Fanny/Freddie hiring a firm to lobby/threaten Republicans up for re election to not support the bill. IOW, if you support it, we will label you bigots and racists, thereby preventing your re election. Essentially, Democrats said it was a racist and unwise bill because it would negatively impact minorities as well as restrict the home construction industry and lenders. It's also well known that Barney Franks position was always that Fannie/Freddie was safe and sound. And yes, then Senator Obama was right there against it ever seeing the light of day. I don't intend to waste time researching the rest of your list, as this one is sufficiently misrepresented in the list to render them all questionable by virtue of the overriding intent to deceive.

 

Uh, no. It’s the congressional voting record for every bill proposed to regulate fanny/Freddy from 2001-2007. I understand your need to pretend it doesn’t exist though. It’s the only way right wing ideology can make sense. You have to reject reality.

 

Typical projection. Oh well, it's your reputation.

 

I hope they like their new paychecks. When democrats get elected they are gonna be taking home 10% of every check

 

You seem confused. You were given the congressional voting record. Your rebuttal was “Nuh uh”. I reiterated that you were given the voting record, and added my observation of right wing ideology, which is consistent with the facts. You rejected objective reality because it conflicts with your ideology.

 

It's part of the Left's Trite Privilege:

 

Its shameful.