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OMFG, not this again. Joel Send a noteboard - 25/07/2011 09:48:41 PM
But Obama did support pressuring banks to give loans to people who couldn't afford. Or by chance are you one of those silly enough to say it was Bush's fault and not be able to point to anything stronger than tax breaks the democrats extended?

If you want to play that game it was Clinton signing off on the Republican repeal of Glass-Steagall, the New Deal law that erected a wall between the incestuous lenders, brokerage firms and insurers that did more than perhaps anything else to cause the Great Depression precisely the same way that it caused the housing bubble almost the moment Glass-Steagall was repealed. Democrats definitely played a role there, though it was once again the role of accepting Republican proposals, and that's the kind of thing addressed in the Jeffrey Sachs article I posted a few days ago. The recession was NOT, however, caused by Barney Frank and Obama helping low income minorities buy their own homes (you're seriously saying that low income housing caused an overvalued market?) THAT is a textbook example of the partisan rhetoric you like (inaccurately) accusing others of indulging. Have there ever been ANY stats to support that ludicrous but popular claim? Like, for example, a spike in minority mortgage defaults, or minority mortgage defaults significantly outnumbering defaults by whites? I've been seeing this claim for several years now, but have yet to see a single scrap of data supporting it, despite repeatedly requesting it. Is THERE any data to back it up, or is it just more Republican bashing of minorities and the lower class while condemning class warfare and denying charges of racism?
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This message last edited by Joel on 25/07/2011 at 09:50:03 PM
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America Gives Up at Last - 22/07/2011 12:32:25 AM 1061 Views
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you shouldn't use words you don't understand *NM* - 23/07/2011 03:46:37 AM 209 Views
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547 Days Until Obama is Out of Office *NM* - 23/07/2011 12:46:09 PM 387 Views
Which changes what, exactly? - 23/07/2011 02:03:21 PM 573 Views
Re: Which changes what, exactly? - 23/07/2011 02:59:12 PM 660 Views
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Re: Obama didn't create the disaster, but he's done nothing to remedy it. - 23/07/2011 03:41:45 PM 636 Views
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Wait, you mean there's a world OUTSIDE America? - 23/07/2011 04:29:03 PM 460 Views
yes Barney Franks had more to do with it than Obama did. - 25/07/2011 09:05:52 PM 461 Views
OMFG, not this again. - 25/07/2011 09:48:41 PM 529 Views

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