Obama administration was corrupt, more and more evidence reveals daily

[Revmitchell]

Delusional. The GOP-controlled Congress tried to block everything he tried to do as this article explains. Those "do-nothing" Congresses were just about the worst in American history. And Obama inherited an economy that was teetering on the edge of a depression due to the failed policies of GW Bush.

Uh it was the mortgage blow out thanks to freddie and fannie

 

[church mouse guy]

One particular lie, often stated by right-of-center advocates, is the statement….“if Barack Obama wanted to increase taxes on the rich, stop the wars, pass a budget…blah, blah…..he could have chosen to do so because he had “total control” of the House and Senate for two full years.”

Sometimes the “two full years” is omitted from the statement……but the lie is spread nevertheless, by the “total control of Congress” phrase.

The truth….then….is this: Democrats had “total control” of the House of Representatives from 2009-2011, 2 full years. Democrats, and therefore, Obama, had “total control” of the Senate from September 24, 2009 until February 4, 2010. A grand total of 4 months.

More details can be found at When Obama Had “Total Control of Congress”.

How much time did the Democrsts need to lower the ocean? The Democrats are voting Republican now because they like Trump. The Democrats have gone full Bernie right now. Minorities don't want socialism as you do.

 

[Earth Wind and Fire]

Not long enough!

I agree... however both her and Obama are thankfully out of office. Now it’s time to find a candidate who is a true Christian and a moral person.

 

[carpro]

Uh it was the mortgage blow out thanks to freddie and fannie

And Barney Frank

 

[FollowTheWay]

Actually, he had the full Congress under Dems forst term, so the Dems themselves blocked whatever got blocked, and he did shove thru obama Health care,which was maybe one of the worst things he could have gotten passed!

That's not true.

 

[FollowTheWay]

His entire agenda was anti american, anti Chrsitian, bad economic agenda, and even worse foreign policy. he ONLY got elected as the president due to the republicans throwing old war horses against him, and the Black Christians coming up in droves to vote for him due to him being the 'forst black president"

Ridiculous.

 

[FollowTheWay]

Uh it was the mortgage blow out thanks to freddie and fannie

A lack of necessary regulation on bank activity allowed the banks to package risky loans into derivative packages which eventually became worthless. Freddie Mac and Fannie Mae were taken over by the federal government on September 7, 2008. Lehman Brothers filed for bankruptcy on September 15, 2008. Merrill Lynch, AIG, HBOS, Royal Bank of Scotland, Bradford & Bingley, Fortis, Hypo Real Estate, and Alliance & Leicester were all expected to follow—with a US federal bailout announced the following day beginning with $85 billion to AIG. In spite of trillions[19] paid out by the US federal government, it became much more difficult to borrow money. The resulting decrease in buyers caused housing prices to plummet.
While the collapse of large financial institutions was prevented by the bailout of banks by national governments, stock markets still dropped worldwide. In many areas, the housing market also suffered, resulting in evictions, foreclosures, and prolonged unemployment. The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of US dollars, and a downturn in economic activity leading to the Great Recession of 2008–2012 and contributing to the European sovereign-debt crisis.[20][21]The active phase of the crisis, which manifested as a liquidity crisis, can be dated from August 9, 2007, when BNP Paribas terminated withdrawals from three hedge funds citing "a complete evaporation of liquidity".[22]

n 2010, the Dodd–Frank Wall Street Reform and Consumer Protection Act was enacted in the US following the crisis to "promote the financial stability of the United States".[7] The Basel III capital and liquidity standards were adopted by countries around the world.[8]

Now Trump in trying to abolish regulations is working to take away the safeguards provided after the crisis setting us up for another, worse one in the near future.

 

[FollowTheWay]

How much time did the Democrsts need to lower the ocean? The Democrats are voting Republican now because they like Trump. The Democrats have gone full Bernie right now. Minorities don't want socialism as you do.

Actually Bernie and Trump were addressing the same underlying problem, extreme inequality in America. But Bernie was proposing in good faith some ways to reduce. Trump was lying to the middle class and the poor promising them things which he has not and never will deliver on like a cheaper and better replacement for Obamacare and wages for the middle class which would allow them to climb out of poverty.

 

[Revmitchell]

A lack of necessary regulation on bank activity allowed the banks to package risky loans into derivative packages which eventually became worthless. Freddie Mac and Fannie Mae were taken over by the federal government on September 7, 2008. Lehman Brothers filed for bankruptcy on September 15, 2008. Merrill Lynch, AIG, HBOS, Royal Bank of Scotland, Bradford & Bingley, Fortis, Hypo Real Estate, and Alliance & Leicester were all expected to follow—with a US federal bailout announced the following day beginning with $85 billion to AIG. In spite of trillions[19] paid out by the US federal government, it became much more difficult to borrow money. The resulting decrease in buyers caused housing prices to plummet.
While the collapse of large financial institutions was prevented by the bailout of banks by national governments, stock markets still dropped worldwide. In many areas, the housing market also suffered, resulting in evictions, foreclosures, and prolonged unemployment. The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of US dollars, and a downturn in economic activity leading to the Great Recession of 2008–2012 and contributing to the European sovereign-debt crisis.[20][21]The active phase of the crisis, which manifested as a liquidity crisis, can be dated from August 9, 2007, when BNP Paribas terminated withdrawals from three hedge funds citing "a complete evaporation of liquidity".[22]

n 2010, the Dodd–Frank Wall Street Reform and Consumer Protection Act was enacted in the US following the crisis to "promote the financial stability of the United States".[7] The Basel III capital and liquidity standards were adopted by countries around the world.[8]

Now Trump in trying to abolish regulations is working to take away the safeguards provided after the crisis setting us up for another, worse one in the near future.

Wait you blamed it on Bush. Republicans held committee meetings claiming that it could happen and dems fought it and said fannie and freddie were fine and there were no problems.
It wasn't Bush, nor the Repubs it was the dems refusal to allow changes.

 

[church mouse guy]

Actually Bernie and Trump were addressing the same underlying problem, extreme inequality in America. But Bernie was proposing in good faith some ways to reduce. Trump was lying to the middle class and the poor promising them things which he has not and never will deliver on like a cheaper and better replacement for Obamacare and wages for the middle class which would allow them to climb out of poverty.

You sound like the typical plantation owner.

 

[FollowTheWay]

You sound like the typical plantation owner.

No. You're the plantation owner. i'm running the underground railroad.

 

[Revmitchell]

inequality is not a problem

 

[Use of Time]

inequality is not a problem

That is mindblowingly naive.

 

[FollowTheWay]

Wait you blamed it on Bush. Republicans held committee meetings claiming that it could happen and dems fought it and said fannie and freddie were fine and there were no problems.
It wasn't Bush, nor the Repubs it was the dems refusal to allow changes.

How about some back-up for your statement?

 

[Revmitchell]

 

[Revmitchell]

 

[Revmitchell]

 

[FollowTheWay]

Dodd-Frank put standards in place in 2010. Now Republicans are trying to tear them down.

Republicans are sowing the seeds of the next financial crisis
Republicans are sowing the seeds of the next financial crisis

The economy is finally in pretty good shape again after a financial crisis sent the world spiraling into what people feared might become a global depression. Ten years later, Republicans are in power in Washington and are working, with a little help from a minority of Democrats, to set the stage for a new banking disaster.

 

[carpro]

Someone that can't handle the proof just moved the goalposts.

Hilarious.

 

[Revmitchell]

Dodd-Frank put standards in place in 2010. Now Republicans are trying to tear them down.

Republicans are sowing the seeds of the next financial crisis
Republicans are sowing the seeds of the next financial crisis

The economy is finally in pretty good shape again after a financial crisis sent the world spiraling into what people feared might become a global depression. Ten years later, Republicans are in power in Washington and are working, with a little help from a minority of Democrats, to set the stage for a new banking disaster.

first if Obama wanted it its bad. Second what we are talking about now is what happened to cause the housing melt down not what is happening now. So your link is irrelevant.