General [M]ayhem

Go Back   General [M]ayhem > Real Time Sub-Forums > The Pit
Register Members List Mark Forums Read [M]erchandise Calendar

Reply
 
Thread Tools
Rezarecter
 
Quote:
Originally Posted by Gibonius View Post
Six years of Republican economic policies and you think it matters that the Democrats happened to take over the year the house of cards finally came down?

Do you even have the slightest clue why and how the recession occurred?
__________________
6f3706e9996c5a86071433d3eb7e08bf [y yuo throw haet :( :(] porn may <3's yuo.
Old 02-09-2010, 02:15 PM Rezarecter is offline  
Reply With Quote
#76  

Advertisement [Remove Advertisement]

SemperFly
 
SemperFly's Avatar
 
Quote:
Originally Posted by Rezarecter View Post
And let us not forget how the economy tumbled (Thanks to Barney Frank, Chris Dodd, Tim Geithner, and greedy banks) with a democratic majority, regardless of who you want to blame the recession on.

blaming the economy on any one party is goddamn retarded
Old 02-09-2010, 02:15 PM SemperFly is offline  
Reply With Quote
#77  

Rezarecter
 
Quote:
Originally Posted by SemperFly View Post
blaming the economy on any one party is goddamn retarded

Well considering it was mainly democrats influencing special interest groups like ACORN to promote balloon mortgages to minorities that couldn't afford them... I'd say it was partly the democrats.

There's a YouTube video somewhere of McCain and Barney Frank debating about the collapse, and McCain nearly predicted it dead-on, while "Bawney Fwank" said he foresees no issue.
__________________
6f3706e9996c5a86071433d3eb7e08bf [y yuo throw haet :( :(] porn may <3's yuo.
Old 02-09-2010, 02:19 PM Rezarecter is offline  
Reply With Quote
#78  

Gibonius
 
Quote:
Originally Posted by Rezarecter View Post
Do you even have the slightest clue why and how the recession occurred?

Yes. The policies re: Freddie and Fanny played a relatively small role, much more important were deregulation efforts, refusal to regulate new types of trading, and inept financial policy from (Republican nominated, not that it matters) Fed chairmen. Beyond that, the banks are responsible for their own actions in the end, and they're the ones that really caused this mess. No one forced any bank to leverage their mortgage securities 30:1.
Old 02-09-2010, 02:22 PM Gibonius is offline  
Reply With Quote
#79  

Rezarecter
 
Quote:
Originally Posted by Gibonius View Post
Yes. The policies re: Freddie and Fanny played a relatively small role, much more important were deregulation efforts, refusal to regulate new types of trading, and inept financial policy from (Republican nominated, not that it matters) Fed chairmen. Beyond that, the banks are responsible for their own actions in the end, and they're the ones that really caused this mess. No one forced any bank to leverage their mortgage securities 30:1.

They were leaned on heavily to do that. The collapse was well predicted. They took out insurance policies on the bundles of mortgages. Once the mortgages were no longer being paid for, the market collapsed. The insurers couldn't afford to pay back the claims, so everyone was looking for money when none were to be found.

It seemed like a great idea, especially the way the housing market was. Someone buys a house, lives in it for 5 years, then it gets foreclosed on 6 years after he buys it, you sell it, and profit. Instead property values declined during all this, mostly in part to the rapid foreclosure rate. Now banks lent 300,000 for a house that will only sell in a foreclosure market for 150,000.

Multiply that on the scale that this had happened, to the areas this happened to, and viola, a mortgage crisis. Include the panic because of the price of gas, the CC companies raising interest rates, the cost of both wars, the democratic majority, Obama's campaign (I.E promoting Cap and Trade, healthcare, and "Spreading the wealth"), and it threw everyone into a more severe panic.
__________________
6f3706e9996c5a86071433d3eb7e08bf [y yuo throw haet :( :(] porn may <3's yuo.
Old 02-09-2010, 02:30 PM Rezarecter is offline  
Reply With Quote
#80  

Patriotic Eagle
 
Patriotic Eagle's Avatar
 
Quote:
Originally Posted by Rezarecter View Post
Pretty sure we ended up going to war because Saddam was hell-bent on not letting investigators search for anything for well over a month. Definitely enough time to move any weapons to a surrounding country. Bush did everything he could to try to get investigators in, but the Iraqi government refused, so cue the war.

If it was done right the first time, the coups organized by the CIA to bring down Iraq's regime from the inside wouldn't have failed, then there would be no modern Iraqi War.

Here's an interesting quote from Dick Cheney in 1992:



Don't forget the treaty that Saddam was regularly going against, you know, the one with the no-fly zone, and that allows UN weapons inspectors in.
Don't forget that there were no WMD, that Bush didn't give a shit either way, and that hundreds of thousands of people are dead and scum like yourself are still making excuses for State mass murder.
Old 02-09-2010, 02:33 PM Patriotic Eagle is offline  
Reply With Quote
#81  

Patriotic Eagle
 
Patriotic Eagle's Avatar
 
Quote:
Originally Posted by Rezarecter View Post
Well considering it was mainly democrats influencing special interest groups like ACORN to promote balloon mortgages to minorities that couldn't afford them... I'd say it was partly the democrats.

There's a YouTube video somewhere of McCain and Barney Frank debating about the collapse, and McCain nearly predicted it dead-on, while "Bawney Fwank" said he foresees no issue.
You're so fucking stupid and eager to eat up this racist lmao
Old 02-09-2010, 02:34 PM Patriotic Eagle is offline  
Reply With Quote
#82  

Rezarecter
 
meh, calling me racist only proves your desperation bro.
__________________
6f3706e9996c5a86071433d3eb7e08bf [y yuo throw haet :( :(] porn may <3's yuo.
Old 02-09-2010, 02:38 PM Rezarecter is offline  
Reply With Quote
#83  

Rezarecter
 
Quote:
Originally Posted by Patriotic Eagle View Post
Don't forget that there were no WMD, that Bush didn't give a shit either way, and that hundreds of thousands of people are dead and scum like yourself are still making excuses for State mass murder.

Quote:
Originally Posted by Patriotic Eagle View Post
All joking aside though George Bush started a war based on lies that resulted in the death of a million people, left millions homeless, severely mentally/physically disabled, and retired to a life of opulence, occasionally spending time on humanitarian efforts like Haiti to be lauded as a compassionate man. Hope this clears things up OP some people haven't been straightforward with you.

So is it millions or hundreds of thousands? You're starting to mince words bro.

Also, how many Iraqi civilians would Saddam have pointlessly killed if there were no war? You know, like people he murdered who spoke out against him etc...
__________________
6f3706e9996c5a86071433d3eb7e08bf [y yuo throw haet :( :(] porn may <3's yuo.
Old 02-09-2010, 02:40 PM Rezarecter is offline  
Reply With Quote
#84  

SemperFly
 
SemperFly's Avatar
 
Quote:
Originally Posted by Rezarecter View Post
Well considering it was mainly democrats influencing special interest groups like ACORN to promote balloon mortgages to minorities that couldn't afford them... I'd say it was partly the democrats.

There's a YouTube video somewhere of McCain and Barney Frank debating about the collapse, and McCain nearly predicted it dead-on, while "Bawney Fwank" said he foresees no issue.

It was partly everyone. Even the idiots that took out loans for more than they could afford are to blame. Even the CEOs that are still getting ridiculous bonuseseses are to blame.

Jesus fuck, when will people realize: democrats and republicans are the fucking same.
Old 02-09-2010, 02:41 PM SemperFly is offline  
Reply With Quote
#85  

Rezarecter
 
Quote:
Originally Posted by SemperFly View Post
It was partly everyone. Even the idiots that took out loans for more than they could afford are to blame. Even the CEOs that are still getting ridiculous bonuseseses are to blame.

Jesus fuck, when will people realize: democrats and republicans are the fucking same.

Demicans and Republicrats, IMO. It's just that the D's usually like to benefit minorities and poor with charity and handouts, as the R's would rather see the people who are down on their luck starve.

I'm actually an independent conservative, and I don't agree with the Iraqi War, but to blame Bush entirely for it is kind of absurd. I'm registered a republican so I can vote in the primaries, though.

And btw, the people that took out the mortgages were also in a way tricked into getting them with the whole balloon structure.
__________________
6f3706e9996c5a86071433d3eb7e08bf [y yuo throw haet :( :(] porn may <3's yuo.
Old 02-09-2010, 02:43 PM Rezarecter is offline  
Reply With Quote
#86  

SemperFly
 
SemperFly's Avatar
 
Quote:
Originally Posted by Patriotic Eagle View Post
You're so fucking stupid and eager to eat up this racist lmao

and you shut the fuck as well

you think everything is racist

if you're black, you're living up to a disgusting stereotype

if you're white, you need to lay off the white guilt. even if your ancestors owned slave ships ITS NOT YOUR FAULT. YOU CAN STOP FEELING GUILTY

not everything is about skin color you goddamn idiot. the only color that matters is green. your party and the other idiot's party care about money. not you, not equality, not terrists, not race.


edit: dumbass
Old 02-09-2010, 02:44 PM SemperFly is offline  
Reply With Quote
#87  

Patriotic Eagle
 
Patriotic Eagle's Avatar
 
Quote:
Originally Posted by Rezarecter View Post
meh, calling me racist only proves your desperation bro.

"I really don't have any proof of this, but I'm pretty sure it was all the s getting loans that caused this, just ask my white conservative friends"

Quote:
Originally Posted by Rezarecter View Post
So is it millions or hundreds of thousands? You're starting to mince words bro.
"a million", sorry for my slight underestimate in my second post.

Quote:
Originally Posted by Rezarecter View Post
Also, how many Iraqi civilians would Saddam have pointlessly killed if there were no war? You know, like people he murdered who spoke out against him etc...
Thank God we saved those savages from being killed by killing them.
Old 02-09-2010, 02:50 PM Patriotic Eagle is offline  
Reply With Quote
#88  

Patriotic Eagle
 
Patriotic Eagle's Avatar
 
Quote:
Originally Posted by SemperFly View Post
and you shut the fuck as well

you think everything is racist

if you're black, you're living up to a disgusting stereotype

if you're white, you need to lay off the white guilt. even if your ancestors owned slave ships ITS NOT YOUR FAULT. YOU CAN STOP FEELING GUILTY

not everything is about skin color you goddamn idiot. the only color that matters is green. your party and the other idiot's party care about money. not you, not equality, not terrists, not race.


edit: dumbass
lol you get so mad at the call out of even the most obvious racism
Old 02-09-2010, 02:51 PM Patriotic Eagle is offline  
Reply With Quote
#89  

SemperFly
 
SemperFly's Avatar
 
that you think it even borders on racism shows just how sheltered you are from the real world

I knew you didn't grow up in the ghetto, you lying little fuck
Old 02-09-2010, 02:52 PM SemperFly is offline  
Reply With Quote
#90  

Reply


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump



All times are GMT -7. The time now is 03:27 PM.



Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.