Trump

[Jim in CT]

Originally Posted by wdmso

Yes Biden and the feds were wrong on inflation being transitional

then there’s Putin inflation attached to his invasion effect oil prices. Which impact all goods in services in the world resulting in inflation

Oh I forgot oil that’s Biden’s fault

But of course you are unable to see the difference and just parrot Right wing taking points .
Professing Your being Truthful not surprised
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Putin is responsible for inflation related to the surge in oil from the invasion.

But before the invasion, inflation was at 30 year highs. Much of that is Trump and Biden's fault. Can't print money forever without inflation, you just can't.

"Right wing taking points ."

What did I say here. that not true, but merely right wing talking points?

Inflation is going to get worse. And the person in power bears the brunt of that.

It's a lie to say Biden caused all the inflation. That doesn't mean he didn't cause any of it. It's an equal lie to say he caused none of it.

[wdmso]

Originally Posted by Jim in CT

Putin is responsible for inflation related to the surge in oil from the invasion.

But before the invasion, inflation was at 30 year highs. Much of that is Trump and Biden's fault. Can't print money forever without inflation, you just can't.

"Right wing taking points ."

What did I say here. that not true, but merely right wing talking points?

Inflation is going to get worse. And the person in power bears the brunt of that.

It's a lie to say Biden caused all the inflation. That doesn't mean he didn't cause any of it. It's an equal lie to say he caused none of it.

I am not suggesting he’s responsible for none. Republicans however are..
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[Jim in CT]

Originally Posted by wdmso

I am not suggesting he’s responsible for none. Republicans however are..
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that’s politics. In 2008 the entire left blamed bush for the subprime mortgage crisis, and he did nothing to cause that.
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[spence]

Originally Posted by Jim in CT

that’s politics. In 2008 the entire left blamed bush for the subprime mortgage crisis, and he did nothing to cause that.
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Actually most of the subprime lending regulatory changes that led to the crisis happened under Bush's "watch."

[Jim in CT]

Originally Posted by spence

Actually most of the subprime lending regulatory changes that led to the crisis happened under Bush's "watch."

bullsh*t. the law deregulating banks sowing them
to make investments, was passed by a republican legislature and signed by bill clinton.

and it was american people
who bought way more house than they could afford. and fishy investment bankers who bundled mortgage backed securities.
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[wdmso]

Originally Posted by Jim in CT

bullsh*t. the law deregulating banks sowing them
to make investments, was passed by a republican legislature and signed by bill clinton.

and it was american people
who bought way more house than they could afford. and fishy investment bankers who bundled mortgage backed securities.
Posted from my iPhone/Mobile device

So americans approved their own loans ? More like they were mislead into adjustable APRs and when rates Blew up so did mortgage payments They could afford A but not B and C which I am sure they were told was never going to happen . And to able to own ones Home isn't that the American Dream.. and the Banks I am sure! used this desire to their advantage. it's easy to say they, the Homeowner should have read the fine Print hindsight is always 20/20 . But the banks knew they were approving loans they shouldn't have been issuing . because they were making Money they didn't care

Hedge funds, banks, and insurance companies caused the subprime mortgage crisis.

https://www.thebalance.com/what-caus...20in%20housing.

[Jim in CT]

Originally Posted by wdmso

So americans approved their own loans ? More like they were mislead into adjustable APRs and when rates Blew up so did mortgage payments They could afford A but not B and C which I am sure they were told was never going to happen . And to able to own ones Home isn't that the American Dream.. and the Banks I am sure! used this desire to their advantage. it's easy to say they, the Homeowner should have read the fine Print hindsight is always 20/20 . But the banks knew they were approving loans they shouldn't have been issuing . because they were making Money they didn't care

Hedge funds, banks, and insurance companies caused the subprime mortgage crisis.

https://www.thebalance.com/what-caus...20in%20housing.

"So americans approved their own loans ? "

Yes, Americans approved those loans by signing the contracts and agreeing to paying them back. Not one American, not one, was forced to sign those mortgages.

Obviously there was some shady practices by banks, who immediately sold those mortgages and therefore don't care if they eventually default.

My point was that Bush didn't do anything. If he had tried to pass a law saying that Americans can't buy more house than they could afford, people would have rightly gone berserk.

I'm not saying the GOP didn't do anything, they passed a law in the 1990s allowing banks to get into the business of fishy, mortgage backed investments, and Bill Clinton signed that law.

Both parties contributed, banks contributed, Wall Street contributed, and greedy/irresponsible homeowners contributed. But I remember the 2008 election. It was all framed as Bush's fault. If you didn't complain about that, don't complain if Biden gets blamed for gas prices and inflation.

What's good for the goose...

"And to able to own ones Home isn't that the American Dream"

Sure. Doesn't mean the way to do that, is to buy a house if you can only afford the interest payment on a variable mortgage.

"hindsight is always 20/20"

Not just hindsight, smart people saw that coming a mile away, it was a bubble begging to be burst. People were taking outrageous mortgages.

"But the banks knew they were approving loans they shouldn't have been issuing . because they were making Money they didn't care "

And many people knew they were taking out mortgages they could never hope to pay back, but they assumed housing prices would increase forever and they could just cash out the equity when mortgage payments increased. Stupid. You don't need to be a graduate of the Yale School of Economics to see what was coming.

"Hedge funds, banks, and insurance companies"

Also politicians of both parties, and the American people did it to themselves. Liberals hate the concept of individual responsibility.