Well yeah. Obama wasn’t a national security threat and hadn’t leaked classified information to foreign adversaries…
Well, I mean you could have used the search function to look up my posts, and then see all the links I posted. I mean I did that earlier in this very thread for posts that Patty thought I was stalking her on. Search function, it’s magic, I encourage you to try it. I know, it’s work on your part, and you’re Republican, so you want others to do your own work for you. I’m an actual conservative, so I won’t do your work for you.
But hey, post a screed then whatabout for several paragraphs on Hunter.
From the Department of Duh: “50 years of such tax cuts have only helped one group — the rich.”
“The new paper, by David Hope of the London School of Economics and Julian Limberg of King’s College London, examines 18 developed countries — from Australia to the United States — over a 50-year period from 1965 to 2015.”
The Biden administration is disgusting! IMO
Only been around for couple weeks & the “spin is on”. So Biden now says, he has deep trust in his intelligence team. His IT can decide if Trump can have Security Briefings. Like the fox watching the hen house.
At this point we Conservative Americans are not safe speaking the truth. (so they say)
Better not mention we voted for Trump.
Unbelievable!! Throw away anything MAGA. Never safe. These liberal lefties are out to take us down.
Next thing We need to be deprogramed. Get in line friends! (heaven knows what I’ll be called now)
A map of the movement of smartphones, showing how they flowed from Trump’s speech to the Coup.
https://twitter.com/nytopinion/status/1357991576795041794
And Parler videos, which show the exact same thing.
https://twitter.com/RyanDEnos/status/1352441199051812875
That’s not all. Every single modern economic crisis ever has been caused by the activities of rich people, not poor people or people on welfare or unemployment. Every single one. Poor people have absolutely zero ability to move markets or economies, or to tank economies.
I don’t think its fair to paint all “rich” people with the same brush. Liberals sometimes forget that rich people are also responsible for some great things. Stossel did a nice piece on this:
I didn’t read the article. My question would be: Is it legal to use campaign donations for a personal company?
I disagree with this view. The housing crisis originated primarily because people who weren’t rich decided to buy homes they couldn’t really afford. Yes, it’s true that lenders should have showed them the door instead of offering credit, but whether you’re rich or not, you should have enough common sense not to get mortgages you can’t afford.
I’m not referring to “all” rich people. I’m referring to the tendency of some rich people to blame poor people for economic problems, when it’s quite the opposite.
You want to be careful not to set up a straw man argument. It’s still true that nearly all economic problems and activities come from the activities of rich people. So do many of the positive economic situations. But they stem more from rich people understanding that, yes, wealth needed to be spread. Henry Ford paid his workers much higher than average wages because he thought they should be able to make a living, buy a car, and support a family and that was more important than holding their wages down for his profits. Just the same where companies are now required to pay a living wage and have health, retirement, and other benefits. Society and the economy is better for it.
It was still the wealthy, banks and mortgage institutions that caused this. They weren’t forced to loan, nor were they forced to give mortgages that increased interest rates over the course of the term. Indeed, housing speculation increased by relatively wealthy people where the the share of mortgage originations to investors (i.e. those owning homes other than primary residences) rising significantly from around 20% in 2000 to around 35% in 2006–2007. Investors, even those with prime credit ratings, were much more likely to default than non-investors when prices fell.
That should be repeated: Investors, even those with prime credit ratings, were much more likely to default. They were the first and most likely to default when they felt they couldn’t resell their multiple non-resident homes to make a profit.
People who owned their own homes were the least likely to default. Once the interest rates adjusted higher after the first waves of delinquencies, then people who owned their own homes, and may have lost jobs, were forced into default.
So, yes, it was, again, the activity of wealthy investors and wealthy financial institutions that caused the problem.
If nearly all economic activities come from the rich, then also the progress comes from those activities.
I have a problem with economic class arguments, probably because I had to endure that type of rhetoric when I was an impressionable, gullible, idealistic college student back in the old country. Boy! How some people brainwashed the naïve with the class warfare discourse! The root of the problems in my old country is corruption at every level, to the point society has become cynical.
With this type of argument you’re denying the poor the ability to make decisions by themselves, to have agency and the dignity and power that comes with it.
Um, generally the poor don’t own houses, so it’s hard to blame them for the housing crisis. And they can’t get loans. And I’m not denying the poor anything. I think everyone should have the ability to own homes.
And, as I pointed out, the amount of mortgages taken out by speculators (wealthy speculators) many buying multiple or even dozens or scores of houses who then decided to default and used their wealth to get away with it with bankruptcy and such (witness Trump’s six company bankruptcies because he couldn’t pay his bills), were those who set the crisis in motion.
Then they blamed less wealthy people who were unable to move the market and wanted desperately to stay in their homes.
To be sure, it’s a wealthy class that set up the system, and they should take the blame when it fails due to excessive speculation on their part.
You’d love my local city government, corruption everywhere. 
/ Cleveland Ohio, run by Democrats
// Cleveland has a long history of FBI raids: See a list - cleveland.com
County Commissioner Armond Budish’s office, Valentine’s Day 2019
Cleveland City Hall, December 2017
Cuyahoga County Commissioner Jimmy Dimora, July 2008
etc.
Sorry Argyll but I can’t really maintain a discussion with a person that changes elements of his/her argument in the middle of the river.
BTW, why do you mention Trump? Was this economic crisis discussion somehow related to him? Sounds like TDS.
Didn’t know you live in Cleveland, OH, Kamal. I lived there for several years, long time ago. I was there during the days of Mayor White. Are you near The Flats?
Huh? I don’t think I changed anything at all. It’s all part of the same pattern. You moved the argument to the subprime crisis so we went to discuss that. As per Trump, that’s an example of how wealthy people get out of their speculative and business mistakes, as most did during the subprime crisis.
Understand there was only widespread alarm when wealthy people and institutions got in trouble with their housing speculations and the chief concern was keeping big financial institutions and the wealthy functioning, not helping the people most wounded by the crises. Huge funds went to banks and financial institutions, and large corporations while at the same time one group of the wealthy was denying aid to the less wealthy and excoriating them for existing.
There was a total of $626 billion in government bailout funds.
“As housing prices fell, global investor demand for mortgage-related securities evaporated. This became apparent by July 2007, when investment bank Bear Stearns announced that two of its hedge funds had imploded. These funds had invested in securities that derived their value from mortgages. When the value of these securities dropped, investors demanded that these hedge funds provide additional collateral. This created a cascade of selling in these securities, which lowered their value further. Economist Mark Zandi wrote that this 2007 event was “arguably the proximate catalyst” for the financial market disruption that followed.[4]”
From wikipedia sources
Another element to mention is that the US economy was relatively steady with minor recessions for about 50 years from the 1930s to 1980s. Around that time, one group of politicians felt that regulations were “restricting the economy” and needed to be lifted. Many financial regulations were weakened over the next 20-30 years leading to the savings and loan scandal (needing another government bailout), a recession, then the dotcom bust and then the Great Recession. Sure, taking away protective regulations allowed for temporary booms in the economy but then caused much bigger busts that were harder to recover from.
Say what you will, we did not have the massive booms and busts and massive inequalities of wealth for the 50 years that these regulations were in place to prevent a Great Depression. These regulations were put into place by people who saw the economic and overall misery caused by not having them. There have been consistent efforts to remove them by people without these experiences.