Under Obama More children living in poverty now than during recession

[Absentglare]

Your using a right wing talking point my friend. I was raised on government assistance because of my single mothers health prevented her from working.
I lived around many people who was on Government assistance...I can say from personal experience most people will be more then happy to give up the assistance for a good paying job.
You have idea with it is like to grow up on Government assistance and barely making it from month to month. Not having the money to buy your children new clothes for their first day to school. Not having the money to pay for their school trip like others.

Instead you wish to have an opinion about something you have no idea what your talking about... listening to the opinions of your right wings politicians or their supporters in the media that also have no idea what they are talking about as well and repeating it to others on here.

I whole heartedly agree.

I hate seeing these fat, rich old men whine endlessly about how pitifully small amounts of their tax dollars go to help starving families. They've obviously never been poor and probably wouldn't know real hard work if it beat them over the head.

I ate bread and peanut butter three meals a day to pay for my college degree. And i had scholarships, i had some help from my parents, and i went to the cheapest quality college i could find (~$1500/semester).

These arguments about a "cycle of dependency" or how people who need help are deadbeats or leeches or drains on society literally makes me sick. It's deeply personal and i find it absolutely unforgivable.

 

[Absentglare]

Haven't you been humiliated enough by Conservatives ?

Aren't you getting tired of having a Conservative correct you over and over and over ?

Because if you are starting to tire of being so perennialy wrong, then I sugest you do NOT post anything that has to do with the Subprime mortgage crisis.

I can tell you just by that one comment you just made that you are woefully ignorant on this issue.

An issue that Ive spent allot of time on.

BTW, it was Bill Clinton, NOT George Bush who signed the Commodities and Futures Act AND he signed the 1993 Riegle Neal interstate banking Act.

He also co-opted the GSEs into the Subprime mortgage market and forced lending institutions to lower their decades old lending standards

First half is entirely wrong.

You're right that President Clinton lowered lending standards. What you don't seem to understand is that wasn't what caused the crash. See, the crash occurred years after your scapegoat left office.

Deregulation doesn't force companies to do things. You're thinking of REGULATION, not DEREGULATION.

 

[blaxshep]

You're right that President Clinton lowered lending standards. What you don't seem to understand is that wasn't what caused the crash. See, the crash occurred years after your scapegoat left office.

The crash was set in motion with the lowering of lending standards. The fact that it took longer to culminate in a crash than Clinton's time in office doesn't change a thing.

 

[Absentglare]

The crash was set in motion with the lowering of lending standards. The fact that it took longer to culminate in a crash than Clinton's time in office doesn't change a thing.

I'll grant you that it played a role.

Conservatives like to gloss over what actions President Bush 2's administration took part much closer to the actual crisis.

 

[US Conservative]

Your using a right wing talking point my friend. I was raised on government assistance because of my single mothers health prevented her from working.
I lived around many people who was on Government assistance...I can say from personal experience most people will be more then happy to give up the assistance for a good paying job.
You have idea with it is like to grow up on Government assistance and barely making it from month to month. Not having the money to buy your children new clothes for their first day to school. Not having the money to pay for their school trip like others.

Instead you wish to have an opinion about something you have no idea what your talking about... listening to the opinions of your right wings politicians or their supporters in the media that also have no idea what they are talking about as well and repeating it to others on here.

Ive read studies showing that long term, people do less well off, started a thread about it here not long ago-the tragedy of american compassion, IIRC.

And there are even more efficient ways to distribute charity-all opposed by the left because it would diffuse authority from the govt.

And no, I dont think most people on public assistance are living la vida loca.

I just prefer to use my brain rather than heart about a problem thats clearly not being solved right now.

 

[Absentglare]

Ive read studies showing that long term, people do less well off, started a thread about it here not long ago-the tragedy of american compassion, IIRC.

And there are even more efficient ways to distribute charity-all opposed by the left because it would diffuse authority from the govt.

And no, I dont think most people on public assistance are living la vida loca.

I just prefer to use my brain rather than heart about a problem thats clearly not being solved right now.

What studies ? How can they explain Europe ...?

More efficient ways to distribute charities ? Opposed by the left ? Care to back up your claim at all?

That's good to use your brain. I suggest using it to consider the situation in, say, Finland or Sweden. How do their social systems work against poverty ?

 

[US Conservative]

What studies ? How can they explain Europe ...?

More efficient ways to distribute charities ? Opposed by the left ? Care to back up your claim at all?

That's good to use your brain. I suggest using it to consider the situation in, say, Finland or Sweden. How do their social systems work against poverty ?

We aren't a relatively small, ethnically homogenous population. We aren't those countries, even if ole Bernie the socialist would like us to be.

 

[mnicholson2]

"problem thats clearly not being solved right now."
Why is that? Because people are lazy? They like living on Government assistance?
When we have jobs moving overseas and jobs that do stay here are not paying a living wage which makes people HAVE to apply for food stamps to put food on the table...what do you expect?
I get so tired of people like yourself bitching and moaning about people on Government assistance yet IGNORES the TRUE reasons people have to ask for help.

You read studies....LOL! I can find studies that point to any opinion I want...be it liberal or conservative.

 

[blaxshep]

I'll grant you that it played a role.

Conservatives like to gloss over what actions President Bush 2's administration took part much closer to the actual crisis.

There is plenty of blame to go around, IMO the crash was inevitable once loans started being sold to investors in the form of securities on Wall Street.

 

[Absentglare]

We aren't a relatively small, ethnically homogenous population. We aren't those countries, even if ole Bernie the socialist would like us to be.

Oh good, discard empirical evidence that completely disproves the bogus speculation that public assistance causes poverty on the basis that "that country isn't identical to ours."

 

[US Conservative]

Oh good, discard empirical evidence that completely disproves the bogus speculation that public assistance causes poverty on the basis that "that country isn't identical to ours."

Its not identical, and you appear to think the results will be. Based on not a speck of evidence.

 

[Absentglare]

Its not identical, and you appear to think the results will be. Based on not a speck of evidence.

No. I provided an entire continent of evidence.

You chose to discard it out of, what i can only assume to be, a denial of a huge pool of facts that definitively disprove your own deeply ingrained ideological superstitions.

 

[US Conservative]

No. I provided an entire continent of evidence.

You chose to discard it out of, what i can only assume to be, a denial of a huge pool of facts that definitively disprove your own deeply ingrained ideological superstitions.

You provided no evidence.

 

[Fenton]

First half is entirely wrong.

You're right that President Clinton lowered lending standards. What you don't seem to understand is that wasn't what caused the crash. See, the crash occurred years after your scapegoat left office.

Deregulation doesn't force companies to do things. You're thinking of REGULATION, not DEREGULATION.

He not only " lowered lending standards " he mandated that Banks make loans to people that couldn't pay them back.

He did that through REGULATIONS.

The Democrats under Clinton decided that the decades old lending standards that kept the mortgage industry stable were innately racist.

So Clinton put together a 10 Federal Agency strong Task Force called the " Fair Lending Task Force " and had his DOJ start targeting Banks for supposed " discriminatory lending practices "

Did this new initiative based on a false narrative of " racial discrimination " work ? According to Janet Reno it worked quite well.....

03-20-98: REMARKS OF THE HONORABLE JANET RENO TO THE NATIONAL COMMUNITY REINVESTMENT COALITION

" The new Community Reinvestment Act regulations enable lenders to develop customized strategic plans for meeting their obligations under the Act, and many have been developed in partnership with your local organizations. In this way you are not only helping to rebuild your communities, but you are showing bankers how to be responsible corporate citizens. In short, you can't do it just with capital, you can't do it just with people who care; we can do it together.

We want to see equal credit being offered by banks because it is the right thing to do, because the law requires it, because it is good business, because people accept it.

You've noted that since the inception of our fair lending initiative in 1992 the Department has filed and settled 13 major fair lending lawsuits. We are going to continue these efforts under the Acting Assistant Attorney General Bill Lann Lee in every way that we possibly can. We will continue to focus on discrimination in underwriting, the process of evaluating the qualifications of credit applicants. This was the issue in our suits against Shawmut in Boston, Northern Trust Company in Chicago, and First National Bank of Donna Anna in New Mexico."

In 1993, Home-ownership rates were 63 %. By 2000 they rose to 68 %, a 5 % increase under Clinton's new " fair lending " initiative.

Under Bush they rose another 1 %>

 

[Fenton]

"problem thats clearly not being solved right now."
Why is that? Because people are lazy? They like living on Government assistance?
When we have jobs moving overseas and jobs that do stay here are not paying a living wage which makes people HAVE to apply for food stamps to put food on the table...what do you expect?
I get so tired of people like yourself bitching and moaning about people on Government assistance yet IGNORES the TRUE reasons people have to ask for help.

You read studies....LOL! I can find studies that point to any opinion I want...be it liberal or conservative.

What exactly is a " living wage " and who should be given the authority to first define what a living wage is and then force Businesses and Corporations to offer it ??

Corporations are sitting on Trillions in offshore capital NOT because they're " mean and greedy ", but because after 7 years of a Progressive administrations economic incompetence, they still feel that it too risky to invest in the American economy.

 

[kjwins]

No one's Fed me any BS.

Unlike you I've actually taken the time to research the issue thoroughly,.

Being knowledgeable is far better than being the unwitting victim of a bunch of empty and baseless talking points.

Don't you ever get tired of being used ?

All your talking point are from the right. Pro Bush, Pro Banks, Pro Wall St. You only know what they are telling you. If you want empty and baseless look in the mirror. Don't you get tried of being a useful idiot.

 

[kjwins]

They invested in those loans that were sold by freddie and fannie. because the government of course couldn't blame itself for the disaster that it created.
they had to blame someone else.

Freddie and fannie garenteed any and all loans made by the banks. looser lending policies set by the fed's allowed people that normally wouldn't qualify to qualify.
while companies like country wide made the problem worse the end result is that the government allowed something to balloon out of control
that would have taken care of itself had they stopped messing with the housing market.

they created the bubble to begin with with ultra low interest rates and at the time the housing market was cheap. it was the gold rush of real estate
and every fool that jumped in got burned. except for me. i was smart i knew what was coming and stayed away from it.



Wall st isn't. wall st is regulated by the SEC. banks are regulated by the Fed and so was freddy and fanny.

what was worse is that freddie and fanny were selling mortgaged backed securities to investors knowing they were toxic.

Look man, there is more than enough blame to go around. From the clown who took the loan, all the way up to Goldman Sacs. But you guys put it all freddie and fannie. Give me a break, like the banks & wall st had nothing to do with it. I don't think you guys know how silly you sound.

 

[mnicholson2]

What exactly is a " living wage " and who should be given the authority to first define what a living wage is and then force Businesses and Corporations to offer it ??

Corporations are sitting on Trillions in offshore capital NOT because they're " mean and greedy ", but because after 7 years of a Progressive administrations economic incompetence, they still feel that it too risky to invest in the American economy.

Your making a assumption based on your own beliefs....
I say this because you haven't provided anything to substantiate your claim.
Who should have the "authority"? Does not the Government make the decision of how much the minimum wage is?
Isn't Republican's doing all they can to stop the increase of the minimum wage? The same party that supports efforts to lower the taxes of Business and Corporations.

 

[blaxshep]

Corporations are sitting on Trillions in offshore capital NOT because they're " mean and greedy ", but because after 7 years of a Progressive administrations economic incompetence, they still feel that it too risky to invest in the American economy.

:lamo I'm not sure you understand how taxes work. How a company feels about investing in the economy has nothing to do with tax evasion, this is being done to avoid paying taxes. Period.

 

[Fenton]

All your talking point are from the right. Pro Bush, Pro Banks, Pro Wall St. You only know what they are telling you. If you want empty and baseless look in the mirror. Don't you get tried of being a useful idiot.

I'm the useful idiot ?

Are you sure. ? I mean YOU were the one that said Banks were responsible for bundling and selling off " AAA " securities when its common knowledge that only Fannie Mae and Freddie Mac sold AAA rated securities

I had to correct you. A " useful idiot " had to educate you. So what's that make you ?

 

[kjwins]

I'm the useful idiot ?

Are you sure. ? I mean YOU were the one that said Banks were responsible for bundling and selling off " AAA " securities when its common knowledge that only Fannie Mae and Freddie Mac sold AAA rated securities

I had to correct you. A " useful idiot " had to educate you. So what's that make you ?

Not banks, investment banks " useful idiot "

 

[CaptainCourtesy]

yes blame Reagan for the crap hole economy that carter left him to deal with.
under Reagan the median family income increased 5000 dollars.
families jumped from the lowest quintiles 2 or even 3 quintiles.

Clinton inherited a gift of an economy and he continued Reagans policies for the most part.
until he started raising taxes on people then the economy began to slow down and then the dot com bust hit
and drove the economy into a recession.

Blame Obama for the craphole economy that Bush left him. See how this works? Either you are consistent or you are a hypocrite. Your choice.

 

[ludin]

Look man, there is more than enough blame to go around. From the clown who took the loan, all the way up to Goldman Sacs. But you guys put it all freddie and fannie. Give me a break, like the banks & wall st had nothing to do with it. I don't think you guys know how silly you sound.

if they aren't buying all these loans and backing all these loans from banks then banks aren't going to make the loans.
it doesn't sound silly if you can follow logic and not liberal blogs, but having people educate themselves on what happened is asking to much.

however the fact is obama has done little to improve things.
the reason so many people are below the line is that he constantly keep expanding medicaid roles at the expense of the rest of the
economy.

 

[ludin]

Blame Obama for the craphole economy that Bush left him. See how this works? Either you are consistent or you are a hypocrite. Your choice.

that excuse only goes for so long.
obama should have recovered the economy faster than what he did.

however when you double down on failed keysian policies the economy continues to slog through.
so i am being totally consistent.

 

[ludin]

Your making a assumption based on your own beliefs....
I say this because you haven't provided anything to substantiate your claim.
Who should have the "authority"? Does not the Government make the decision of how much the minimum wage is?
Isn't Republican's doing all they can to stop the increase of the minimum wage? The same party that supports efforts to lower the taxes of Business and Corporations.

actually he isn't.

no one that screams living wage can actually define what that means. yet they continue to want to shout it.

sure the government can set the minimum wage however it isn't an emotion decision it is a logical and sound decision that has to be made on a
fiscal basis not an emotion one.

they can set the minimum wage to 50/ hour but there are major consequences to doing that.
you would not be able to afford anything at that point.

inflation would wreck the economy and the price of everything would jump so high that there wouldn't be a point.
low skill/no skill workers wouldn't even be employable.

those are the risks. people cry we want 15 an hour. well 15 an hour is usually entry level pay for a 4 hour degree depending on the field.
according to economy of scale if those people are now working minimum wage they want more money. they have more skill more training and more knowledge.

all you do is increase the cost of production on everyone else. all you do is create a new floor and everything else rises to meet it.
people don't think about the consequences of their actions it is all about emotion response.