Posted on 12/24/2009 5:02:20 PM PST by rabscuttle385
You are right on.
The Bushes (ALL OF THEM), Dana Perino, and Carl Rove should go get another line of work, stay of the GOP and national politics and keep their damn mouths shut.
The only person from his administration worth listening to is Dick Cheney.
I follow most of your post except this part. Could you explain further? This seems to imply that the growth was good, the burst was the isolated problem. You are saying immigration enforcement was why illegals stopped paying their subprime mortgages??
I follow most of your post except this part. Could you explain further? This seems to imply that the growth was good, the burst was the isolated problem. You are saying immigration enforcement was why illegals stopped paying their subprime mortgages??
I follow most of your post except this part. Could you explain further? This seems to imply that the growth was good, the burst was the isolated problem. You are saying immigration enforcement was why illegals stopped paying their subprime mortgages??
This one is interesting. Cheney for example is pure military, defense, + nation building couldnt care about social issues or too much government power.
But some others include the pro-life/anti-abortion/values issues with the flag waving Cheney beliefs.
Then there are big government social issues voters, they loved Bush too. These are the terry Chivo voters
The part of conservatism that is at odds with neo-cons is small government/more liberty voters. Many like Levin and Hannity mouth the words, but don't take issue with government power/national debt unless Democrats are in charge. Then its Stalinism
“I challenge death2tyrants or any other Bush-bot to find a broadcast by these 2004 Bush cheer-leaders with this warning.”
Has that been posted Yet???
Thanks for the laugh . There never was any. This is a big peeve I have with Levin, Hannity and even Rush. They are Republicans first (contrary to their claims) and simple message drive ..
Simple message #1 is Bush saved economy and created economic boom. Including increased tax revenues (all from the tax cuts, naturally, not from the new government jobs)’but those evil Dems and RINOs ruined it by spending all his new revenue
Simple message #2 is Barney Frank, Clinton and Carter killed the economic boom, at the same time it was being created. OH YES. Republicans (who happened to be in control of congress) warned minority democrats repeatedly that Subprimes would bring down the economy. How can listeners buy this stuff?
So many here buy this nonsense because talk radio promotes it. Unfortunately they never used message # 2 until after the final crash Fall 2008. As late as summer it was message #1
The Housing market could be described as complex. But it can really be boiled down to
- the supply and demand for housing;
- the supply and demand for money;
- the supply and demand for risk and saftey
- assumptions that the housing bubble was different from the tech stock bubble... or tulips.
My comments on immigration addressed mostly the and demand for housing, which was only a small part of the bigger complex situation. My point was that the housing bubble burst because the strong demand to buy housing suddently disappeared.
There is a normal demand for housing from newly married couples, and other non-immigrant sectors of the market. A segment of the demand that greatly increased the demand for housing was the FLIPPERS. One could see the DonaldTrump/RoberKiyosaki (sp?) seminars move from city to city accross the country. The number of flippers coming out of those seminars could be predicted, and was by the early flippers who preyed on the late flippers. Sort of like the multi-level marketing phenom.
But the increased demand from flippers was not real. it was all based on the expectation of increased demand from some other market sector.
Starting with the Reagan Amnesty in ‘87 and growing through the Clinton and early Dubya years was the increased demand for housing from immigrants (legal and illegal). That was the real increase in demand, not the artificial increase created by the flippers. It was the decline in the real demand from immigrants that popped the bubble.
Here I’m not describing the bubble as good or bad. It was a fact, a reality. I’m just describing what popped it.
It should be noted that a large percentage of immigrant home buyers are an extended family where multiple incomes are used to pay the mortgage and other expenses of the extended family. These immigrants are pro-family in the true sense of the word. Typically some members of the extended family were here legally while others were here illegally. The prospect that the legal immigrants would not have their illegal brother-in-law helping pay the mortgage caused the legal immigrants to hold back and not buy.
It should also be noted that immigrants (legal and illegal) have a much lower rate of foreclosure and problem mortgages. They pay their mortgages (at least in IL which is where I have my knowledge).
The foreclosure problem started as a problem of 3 groups, which often overlapped each other:
- flippers
- those with adjustable rate mortgages who expected to flip or refi.
- those with problems of divorce, separation, alcoholism, drug use, gambling and similar negative traits. Of course, it was the relaxed lending criteria imposed by CRA, Fannie/Freddie that drove lenders to lend to these people with problems.
- Once the housing bubble popped and the bailouts/stiulus sucked all the money out of the private sector and into T-Bills, then the recession became prolonged. Unemployment rose and unemployment is now a major factor in problem mortgages.
But even with unemployment related foreclosures, it can be show statistically that a high percentage of those first to be laid off are those with alcohol or similar problems that cause them to have a poor attendance record at work and be worthless as workers.
Here in MD there was massive legal immigration. Koreans the most but India, China, Bangladesh too. Howard County changed dramically in 10 years where open space land became closely packed homes schools crowded, roads jammed, taxes skyrocketed. About 10 years ago it was mostly white and conservative, but now it is democrat.
This is your proof that Coulter, Levin, Styen, and Limbaugh are for big government? An article that doesn’t even mention them? You, like your hero wRONg Paul. failed.
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