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Obama's State of the Union Address: Are You Standing Up or Sitting Down?

SodaHead News 2012/01/25 14:00:00
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President Obama has been taking a backseat to the GOP primary in the media lately, but Tuesday night it was his chance to shine. His third (and possibly final) State of the Union Address was more than an hour long, and focused largely on the economy, job creation, and other domestic policies while Vice President Joe Biden and Speaker of the House John Boehner engaged in a battle of facial expressions on either side of the President.

The speech was optimistic, as the SOTU tends to be, and created a stark contrast to the more ominous rhetoric of the Republican debates. Because it's his first major public appearence of the election year, some analysts expect the speech to set the tone for Obama's campaign; others are writing it off as a boring, predictable formality. The Republican response, delivered by Gov. Mitch Daniels, countered his optimism with a call for drastic improvement.

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Top Opinion

  • kmay 2012/01/25 14:22:19 (edited)
    Sitting down
    kmay
    +36
    Filled with inconsistensies and contradictions throughout.

    This young man says it welll:

    President Obama began Tuesday night's State of the Union address by celebrating the end of a war that he fought to extend. Reveling in the withdrawal of American troops from Iraq, Obama neglected to mention that thousands of private military contractors are still stationed there. In 2007, private contractors proved that that they are relatively apt at recruiting anti-American terrorists when they shot seven civilians in Nisour Square.

    This was the first of many contradictions in a speech rife with inconsistency. The president went on to defend the bailouts that marked the beginning of his term - arguing that letting businesses fail would have cost American jobs - but promised to "hold Wall Street accountable." Using taxpayer money to prop up failed corporations does the opposite – it perpetuates failure.

    The president advocated prohibiting students from dropping out of high school. Forcing bad students to attend a school is not going to help that school produce results that will save it from failure. Students will be required to attend high school - or what? Will they be better off as criminals than dropouts?

    Obama's claim that he's "put more boots on the border than ever before"...



    Filled with inconsistensies and contradictions throughout.

    This young man says it welll:

    President Obama began Tuesday night's State of the Union address by celebrating the end of a war that he fought to extend. Reveling in the withdrawal of American troops from Iraq, Obama neglected to mention that thousands of private military contractors are still stationed there. In 2007, private contractors proved that that they are relatively apt at recruiting anti-American terrorists when they shot seven civilians in Nisour Square.

    This was the first of many contradictions in a speech rife with inconsistency. The president went on to defend the bailouts that marked the beginning of his term - arguing that letting businesses fail would have cost American jobs - but promised to "hold Wall Street accountable." Using taxpayer money to prop up failed corporations does the opposite – it perpetuates failure.

    The president advocated prohibiting students from dropping out of high school. Forcing bad students to attend a school is not going to help that school produce results that will save it from failure. Students will be required to attend high school - or what? Will they be better off as criminals than dropouts?

    Obama's claim that he's "put more boots on the border than ever before" doesn't add up with his administration's Dec. 20 announcement that it intends to cut the number of troops along our border with Mexico from 1,200 to 300. By contrast, there are 28,500 American troops guarding South Korea's border with North Korea.

    At the close of the address, our political class disturbingly applauded the notion of a potential war with Iran. Einstein said that insanity is "doing the same thing over and over and expecting different results." Have our politicians forgotten Iraq already - or are they insane?

    Ian Huyett is a junior in political science and anthropology. Kansas State University.
    (more)

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  • Becky 2012/01/28 02:51:36
    Sitting down
    Becky
    +2
    We were part of the 27% that turned the station within the first 5 minutes of the speech.
  • Elephan... Becky 2012/02/03 19:20:34
    ElephantChristianConservative7
    God Bless You
  • Anna E 2012/01/27 20:44:50
    Sitting down
    Anna E
    +2
    Haven't watched it yet, but unless there are no chairs around, I'll be sitting in one. I like comfort.
  • angel_cierra 2012/01/27 19:15:13
    Standing up
    angel_cierra
    ...
  • Of Thee... angel_c... 2012/01/28 19:41:48
    Of Thee I Sing...
    +2
    Geez....I wonder why.
  • angel_c... Of Thee... 2012/01/28 21:12:34
    angel_cierra
    Geez..I wonder why you commented...Hmmm...
  • Tombo angel_c... 2012/01/28 23:05:35
    Tombo
    +2
    YOU MIGHT NEED THIS!

  • angel_c... Tombo 2012/01/28 23:09:21
    angel_cierra
    I would...if I had a car...and an Obama bumper sticker. Fail on your part.
  • BARRY0619 angel_c... 2012/01/29 18:46:57
    BARRY0619
    What specifically has Obama done to garner your vote?
  • angel_c... BARRY0619 2012/01/29 19:52:10
    angel_cierra
    What drove you to reply to my comment? I already see the outcome: I answer your question, then there's this stupid argument. Then OTHERS will comment, yada yada yada. So, I'm not going to answer your question. Call me a coward, or whatever, I don't care. Just be on your merry way, okay?
  • BARRY0619 angel_c... 2012/01/29 20:00:22
    BARRY0619
    +1
    What drove me to comment? You stated "Standing up" so I was asking what he has done to make you vote for him.
  • angel_c... BARRY0619 2012/01/29 20:14:38
    angel_cierra
    Yeah, well I'd rather not give me two cents.
  • MichaelSites 2012/01/27 17:07:13
    Sitting down
    MichaelSites
    +1
    I'd like to add that I only wish Mitch Daniels had thrown his hat into the ring for President.
  • H H 2012/01/27 16:03:12
    Sitting down
    H H
    +5
    There is no example from any time or place in history where someone with his traits has made things better for their country. Why would any voter be so foolish as to think he would be the first exception? His election in 2008 speaks for itself about how far America has declined. Soros, who wishes to destroy America, must be proud.
  • nolibsperiod 2012/01/27 15:31:49
    Sitting down
    nolibsperiod
    +7
    What the hell is wrong with the 163 people that are standing up for this idiot. My gods can't you see he's destroying this country. Anything even Trump would be better than this complete idiot.
  • RogerRover 2012/01/27 15:29:14
    Sitting down
    RogerRover
    +3
    Tryed to listen. His regurgitation put me to sleep. Felt a little nauseous...
  • jakep51 RogerRover 2012/01/28 03:54:46
    jakep51
    +3
    Well there's at least hope then. Obama's plan for jump starting the economy is working. Since Obama has inspired an entirely new Syndrome known as LMS, he has now paved the way for Pharmaceutical companies to hire tons of people to do R&D on developing a new drug to counteract the debilitating effects of LMS, on another front Psychiatrists and Psychologists alike are exploring new methods of treating the new illness without use of drugs.

    In both instances, there will be a nationwide call for participants in their testing of possible remedies thereby employing hundreds of thousands if not millions of the unemployed.

    What is LMS you ask? Liberal Mundane Syndrome.
  • RogerRover jakep51 2012/01/28 04:37:45
    RogerRover
    +2
    I was thinkin' Lyin', Malevolent, Skunk syndrome......hmmm Need a cure
  • jakep51 RogerRover 2012/01/28 08:06:41
    jakep51
    +2
    In layman's terms, you nailed it!
  • Elephan... jakep51 2012/02/03 19:30:49
    ElephantChristianConservative7
    There is no real plan to jump start the economy, LDS (Liberal Drone Syndrome), he has chosen to destroy our free capital society to create his own evil anarchy dictatorship.
  • DM Twin 2012/01/27 13:55:28
    Sitting down
    DM Twin
    +4
    This LYING COMMIE BONER has been campaigning for re-election since the day he took office....

    He can't run on his record of failure , socio-communism and destruction so EVERYTHING he says is a LIE and EVERYTHING he does is a PLOY to get the weak-minded to back him .

    NOT GONNA WORK BARRY.....OUT YOU GO WITH THE REST OF THE COMMIECRATS IN NOVEMBER...

    Cannot wait for November 7th when you are tossed and the Republicans have a Super Majority to UNDO you bungled commie takeover attempt .
  • alanh 2012/01/27 13:39:58
    Sitting down
    alanh
    +4
    snoring! what a blow-hard!!
  • bettyboop 2012/01/27 12:35:43 (edited)
    Sitting down
    bettyboop
    +6
    I saw nothing worth standing up for. I found it laughable when he commented "No bail out's, no hand out's, no cop out's". That is what he himself has been doing the entire time he has been in office.....bailing out corrupt banking, handing out millions to his buddies special projects which soon go belly up, and blaming it on Bush or anybody else when something bad happens.

    liar jive turkey
  • Swany bettyboop 2012/01/30 14:57:22
  • jakep51 2012/01/27 09:28:34
    Sitting down
    jakep51
    +3
    But there was no need for me to stand up. Obama missed his calling, he should have been the one standing up as a comedian since his speech was laughable if nothing else.
  • MQ-American Values Again (AVA) 2012/01/27 05:11:12 (edited)
    Sitting down
    MQ-American Values Again (AVA)
    +6
    Neither standing up or sitting down.. I'm ROFL'ng my butt off... same ole tired rhetoric ... and he expects us to get all jizzy in our pants listening to him ... not!
    black man laugh gif
  • Alex MQ-Amer... 2012/01/27 05:20:34
  • mich52 2012/01/27 04:44:55
    Standing up
    mich52
    Just as good of a SOTU as anyone else has given and considering the mess he's been cleaning up that the GOP left him he's done an excellant job..
  • nolibsp... mich52 2012/01/27 15:35:04
    nolibsperiod
    +3
    The mess he's cleaning up is his own. He has spent more money than all the presidents combined from day one. No president could leave a mess like that. Well one Obama come November.
  • mich52 nolibsp... 2012/01/27 20:28:36
    mich52
    You're delusional... Bush left this mess and every GOP President before him back to Reagan..
  • Becky mich52 2012/01/28 02:48:13
    Becky
    +1
    You are the delusioned one, since the demorats have been in power, 40 of the last 60 years, and, when it was their job in 2009 to pass a budget, its still not done, and the one occupying the WH had a royal flush with dems in the house and senate. But they were too busy screwing citizens out of choosing their own health insurance with Obiecare and racking up higher premiums, and doing it in the middle of the night.Then to top it off, give waivers to 3/4 of the unions and Pelosi giving waivers to her favorites in CA. And another thing, most of his appointments, were and are still being made when congress is in recess. So don't sit there and preach to me, how great this robber of American Values has just about put us in the toilet. We are in a mess up to our butts and anybody out there the doesent think so, is either on the take or just plain stupid and ignorant.
  • mich52 Becky 2012/01/28 07:25:47
    mich52
    You're right the Democrats have controlled Congress most of the till 1994 and Newt's "Contract" ..

    We had 12 years of GOP deregulation, Democrats kept things running for decades.. This new GOP is regressing.
  • gemmz mich52 2012/01/28 03:25:43 (edited)
    gemmz
    +4
    To the Neocons not Mich,I am standing up proud,He is amazing I can't imagin dealing with the horrid mess the bush boneheads left .Yes check the numbers.Cleaning up their mess and trying to keep all of our and your right wing uninformed noses above freezing mucky
    water .I don't think y'all are delusional just morbidly uninformed and hateful sad and lost.I usually don't get into all this with the right,it just takes too much mental and emotional energy have fun spewing your hate and fear back cause, it's what fules your party and pretty much your views about humanity
  • BARRY0619 gemmz 2012/01/29 18:55:57 (edited)
    BARRY0619
    +1
    You call people delusional and morbidly uninformed and you say Obama is amazing?? LOL, What an oxymoron. Let's see just how "amazing" he is:

    1) Obama hires marxists and communists and these types of people absolutely love control. Here's a list of characters he surrounds himself with: Anita Dunn, the White House Communications Director praises Mao Tse Tung, a well-known communist. She said that Mao Tse Tung and Mother Theresa are her favorite philosophers. ( she resigned) He hired Van Jones as a czar and Jones is an avowed communist. ( he resigned) Here’s some more of a list of shady characters who are/were in Obama’s inner circle.

    Tony Rezko, Allison Davis, Raila Odinga, Jaramogi Oginga Odinga, Bernardine Dohrn, William Ayers, Saul Alinksy, George Soros, Rep. Jan Schakowsky, Robert Creamer, Rev. Jeremiah Wright in whom’s church he sat for 20 years and did not know he was a racist, Louis Farrakhan, and Mohammar Kaddafy just to name a few.

    2) And his choice of radical czars?
    http://www.rense.com/general8...

    Ever hear the phrase "birds of a feather flock together"?

    3) And his destruction of our economy?

    On Nov. 4, after Barack Obama clinched the White House, the market closed at 9,625.28.

    In mid-morning trading , the day President Obama signed his massive Generational Theft Act in...



    &



    &























































































































































































    You call people delusional and morbidly uninformed and you say Obama is amazing?? LOL, What an oxymoron. Let's see just how "amazing" he is:

    1) Obama hires marxists and communists and these types of people absolutely love control. Here's a list of characters he surrounds himself with: Anita Dunn, the White House Communications Director praises Mao Tse Tung, a well-known communist. She said that Mao Tse Tung and Mother Theresa are her favorite philosophers. ( she resigned) He hired Van Jones as a czar and Jones is an avowed communist. ( he resigned) Here’s some more of a list of shady characters who are/were in Obama’s inner circle.

    Tony Rezko, Allison Davis, Raila Odinga, Jaramogi Oginga Odinga, Bernardine Dohrn, William Ayers, Saul Alinksy, George Soros, Rep. Jan Schakowsky, Robert Creamer, Rev. Jeremiah Wright in whom’s church he sat for 20 years and did not know he was a racist, Louis Farrakhan, and Mohammar Kaddafy just to name a few.

    2) And his choice of radical czars?
    http://www.rense.com/general8...

    Ever hear the phrase "birds of a feather flock together"?

    3) And his destruction of our economy?

    On Nov. 4, after Barack Obama clinched the White House, the market closed at 9,625.28.

    In mid-morning trading , the day President Obama signed his massive Generational Theft Act into law and a day before he unveiled a massive new mortgage entitlement, the Dow dropped to to 7,606.53. Imagine if President Bush had presided over a 2,000-point stock market drop in the same time period — during the first few months of his presidency, Dems would be shouting from the mountain tops. I will also provide one brief example of Obama vs Bush and their stimulus plans and how the markets reacted:



    Bush: From March 2003 to October 2003, the S&P; 500 went from 835 to 1034 or 23.8%.



    Obama: From January 2009 through July 2009, the S&P; went from 932 to 879 or -5.2%.



    ****Let us also compare spending. consider that from Jan. 20, 2001, to Jan. 20, 2009, the debt held by the public grew $3 trillion under Mr. Bush—to $6.3 trillion from $3.3 trillion at a time when the national economy grew as well. By comparison, from the day Mr. Obama took office last year to the end of the current fiscal year, according to the Office of Management and Budget, the debt held by the public will grow by $3.3 trillion.

    In 20 months, President Obama will add as much debt as President Bush ran up in eight years.



    Dems must like the change so far huh?

    ****In response to the deficit:

    def

    ****The Obama Administration’s printing of money has been absolutely unprecedented in U.S. history. He thinks that printing money is the way to pay off debt when it will undoubtedly lead to hyperinflation. ( very simply put hyperinflation means prices go up as the dollar loses it's value)

    Since September, the 'monetary base,' which is the measure of currency plus bank reserves, has doubled from about $850 billion to $1.7 trillion.

    ****He said if we pass his stupid stimulus, unemployment will not go above 8%. As of December , it is still 8.5%

    http://www.bls.gov/news.relea...

    Unemployment hasn't been below 8% since it was passed. Everyone knows it's a payback to unions that got him elected. Obama also knows that most of the money will come back to his campaign via union dues.

    ****Obama economic record:
    obA

    ****He has run all over the world apologizing for our great nation. This should make all patriotic Americans disapprove of Obama's performance.

    ****I guess when Michelle said for the first time in her adult life she's proud of her country is okay with you?



    ****I guess it's also okay with you that Obama said in one of his stupid books that he gravitated toward his Marxist professors. Here are some Marxist Obama policies:

    http://hallicino.hubpages.com...

    ****More ways Obama is destroying our country:

    http://www.freedomwatchusa.or...

    **** He lies constantly:
    http://youtu.be/UErR7i2onW0
    http://youtu.be/REnjFK5c6w4
    http://youtu.be/KGwI53Kxr7M
    http://youtu.be/msGQ1RBPXew
    http://youtu.be/ScWbGy3dDvw
    http://youtu.be/-zi3uWMcumA

    Some more lies:
    http://frontpagemag.com/2010/...

    Believe me, this is just a short list of his lies.

    ****Here's some of your fellow stupid uneducated Obama supporters
    http://youtu.be/rgfA2b9YSag
    http://youtu.be/z8lXEY8O0tQ
    http://youtu.be/e_JJLLfTR8I
    http://youtu.be/wYajeEfe3PU
    http://youtu.be/gCXot2HQT00
    http://youtu.be/-5YrS2pLfMs

    ****Obama is absolutely clueless
    http://youtu.be/ap2Cg_FDRy4
    http://youtu.be/K5R6kVry4_c
    http://youtu.be/Qt6C1Sl3ZrU
    http://youtu.be/t4-AKcH3eC8
    http://youtu.be/p9hZpJp7U3Y
    http://youtu.be/DHkGIR1xb5E

    ****Some Obamaisms
    http://politicalhumor.about.c...


    And everyone ON THE LEFT talks about how intelligent he is...LOL!


    Obama supports the Occutards at Wallstreet. Ya know people like this:









    Other "neat" things about the Occutards that Obama supports:

    tea

    And a list of their crimes:
    http://bigjournalism.com/jjmn...


    **** Interesting thing is many believe that someone in the Obama administration started the Occutard Movement to take the attention off of his failed presidency and low approval :

    http://www.realclearpolitics....

    Many also believe that Obama would have loved for riots to break out so he could call Martial Law.

    ****Interesting chart
    cre


    ****50 Impeachable crimes of Obama
    http://www.canadafreepress.co...

    ****OBAMA'S OWN WORDS TRAP HIM:
    2008: "Navy Seal Team 6 is Cheney's private assassination team."
    2011: "I put together Seal Team 6 to take out Bin Laden."
    2008: "Bin Laden is innocent until proven guilty, and must be captured alive and given a fair trial."
    2011: "I authorized Seal Team 6 to kill Bin Laden."
    2008: "Guantanamo is entirely unnecessary, and the detainees should not be interrogated."
    2011: "Vital intelligence was obtained from Guantanamo detainees that led to our locating Bin Laden."

    ****Obama is endorsed by the Communist Party USA
    http://www.obamabiden12.com/o...


    ****Obama and his administration is racist. Here's some examples:
    By: David Limbaugh | 07/18/10 2:00 AM

    While President Obama has touted himself as a post-racial president, he has built a record demonstrating precisely the opposite. Is it Obama's bitterness, or is the incessant playing of the race card by him and many of his supporters merely calculated political exploitation -- or both?

    Let's look at a non-exhaustive list of examples since Obama took office.

    --Feb. 18, 2009: Obama's attorney general, Eric Holder, accused the nation of being a nation of cowards on race.

    --April 2009: NewsBusters reported that at the behest of the National Association of Black Owned Broadcasters, Democratic Federal Communications Commission Commissioner Jonathan Adelstein demanded a government inquiry into how the electronic Portable People Meter (used to measure radio ratings and which experts believe to be a far more reliable measure than the previous system) collects data. Obama's FCC indeed ordered an inquiry in the name of "diversity" because under the modern system, hip-hop ratings had declined and conservative talk ratings had increased.

    --May 2009: White House press secretary Robert Gibbs warned critics of Supreme Court nominee Sonia Sotomayor to measure their words carefully, implying they were race-based.

    --May 2009: The Obama-Holder Justice Department dismissed a case against New Black Panther Party members for voter intimidation, even though it had already won the case. Former Justice lawyer J. Christian Adams said that the NAACP lobbied Obama to have the case dismissed and that the case was dismissed based on the Justice Department's outrageous policy of not prosecuting such cases against blacks when they involve white victims.

    --July 2009: Not having heard all the facts, Obama accused Cambridge, Mass., police of "acting stupidly" in arresting a friend of his, Harvard professor Henry Gates, for disorderly conduct, dangling race as a motive for the arrest.

    --August 2009: The U.S. Commission on Civil Rights raised constitutional questions about the Obama administration's giving preferential treatment to minority students for scholarships and favoring medical schools that have records of sending graduates to areas with inadequate health care services.

    --September 2009: A video surfaced of Obama's "green jobs czar," Van Jones, saying, "You've never seen a Columbine done by a black child." It's "suburbanite white kids" who do it.

    --September 2009: Obama's FCC "diversity czar," Mark Lloyd, was seen on video saying, "There are few things, I think, more frightening in the American mind than dark-skinned black men." He also said, by the way, that the Fairness Doctrine wasn't enough to restore fairness to broadcasting. In 2005, Lloyd had complained that white Americans owned and controlled 98 percent of all federal broadcast licenses. Lloyd suggested at one point that white media executives should "step down" in favor of minorities.

    --September 2009: Politico reported that in a speech to the Congressional Black Caucus, Obama "opened with a fiery civil rights talk, ticking off racial disparities, calling for greater enforcement of civil rights laws and saying that the new White House Office of Urban affairs is working to address inequality." He also compared Obamacare to the civil rights struggle.

    --October 2009: The Obama-Holder Justice Department overruled a decision by the city of Kinston, N.C., to do away with party affiliation of candidates in local elections, saying that equal rights for black voters cannot be achieved without the Democratic Party.

    --February 2010: After Obama had twice insulted Las Vegas and discouraged tourism there, Las Vegas Mayor Oscar Goodman strongly criticized him, which led Obama supporters to accuse Goodman of racism.

    --March 2010: The Obama administration filed a brief supporting racial preferences in university admissions.

    --March 2010: Rep. John Lewis alleged that tea party protesters hurled racial slurs, but videos of the alleged incident did not corroborate it, making many believe the charges were fabricated.

    --March 2010 -- The Rev. Jeremiah Wright said tea party opposition to Obamacare was based on hatred for "people of color." New York Times columnist Frank Rich made similar allegations.

    --April 2010: WorldNetDaily reported that Gerry Hudson, executive vice president of the Service Employees International Union, said white American workers are "so f---ing rabidly racist" their sentiments can be used to scare blacks into supporting comprehensive immigration reform.

    --April 2010: The Washington Examiner reported that a reporter asked a black protester whether he was "uncomfortable" as part of the tea party.

    --Then there's the administration's playing the race card against Arizona's non-racial-profiling law, Obama's suggesting al-Qaida is racist, Obama's saying Israel is suspicious of him because of his middle name -- as opposed to his horrendous policies toward it -- and the NAACP's calling the tea party racist and then denying it.

    It turns out that others are noticing this above-described phenomenon, as well, as a recent Washington Post-ABC News poll revealed that fewer and fewer people believe Obama's presidency has advanced racial relations -- 4 in 10, compared with 6 in 10 when he was inaugurated.

    This is a very sad turn of events in this nation.

    Examiner Columnist David Limbaugh is a writer, author and attorney. His book "Bankrupt: The Intellectual and Moral Bankruptcy of Today's Democratic Party" was released recently in paperback. To find out more about David Limbaugh, please visit his Web site at www.DavidLimbaugh.com. To read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate Web page.

    http://washingtonexaminer.com...

    Need more examples?

    ****Didn't it bother you that the idiot voted "present" 129 times as Illinois senator?
    ****Since he never even ran a company payroll prior to running for president, why would you consider voting for him?

    And you have the nerve to call others "delusional and morbidly uninformed"? LOL!


    ****Here's a link to a free online dictionary to assist you with the "big" words.
    http://www.thefreedictionary....

    Lastly, please explain why you love being an Obama lapdog?

    lap
    (more)
  • aguster mich52 2012/01/27 19:36:16
    aguster
    +1
    Yeah, the numbers show just how good of a job he's been doing spending your money...that is unless you don't have any and simply want everyone elses! Keep in mind Congress (which was held by what party???) during the Bush years was dictating terms and spending money like there was no tomorrow. Bush had no balls and was way to liberal for most conservatives so I don't completely disagree with you. But by the numbers, Obama is an Obamanation!
    pres_deficits
  • mich52 aguster 2012/01/27 20:30:42
    mich52
    +1
    No link to verify your graph means its garbage.. Most of Obama's spending is from Bush's tax cuts, war, drug plan and recession..
  • Of Thee... mich52 2012/01/28 19:43:30
    Of Thee I Sing...
    +2
    Once again your ignorance is showing.
  • Tombo mich52 2012/01/28 23:13:09
    Tombo
    +1
    Yes, the recession the Dems created. FANNIE+FREDDIE+BARNIE+COMMUNITY REINVESTMENT ACT+ACORN+BIG GOVERNMENT =DISASTER!

    Theow the out
  • mich52 Tombo 2012/01/29 05:37:45
    mich52
    The GSE's controlled only a third of the market while private Wall St.. Investment banks held the other 2/3rds. so do the math...

    Only one of the top 25 subprime lenders in 2006 was directly subject to the CRA rules....

    Between 2004 and 2006, when subprime lending was exploding, Fannie and Freddie went from holding a high of 48 percent of the subprime loans that were sold into the secondary market to holding about 24 percent, according to data from Inside Mortgage Finance, a specialty publication. One reason is that Fannie and Freddie were subject to tougher standards than many of the unregulated players in the private sector who weakened lending standards, most of whom have gone bankrupt or are now in deep trouble.
  • Tombo mich52 2012/01/29 23:26:56

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