Bush signed the legislation that forced the banks to make - #100696443 added by adu at Justice at it's finest

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asd

#12 - anon id: 119037f0

Reply0

(08/22/2013)[-]

George Bush
Chose to go to war in Iraq.
Expected 30000 killed in Iraq.
Still walking free.

Barack Obama
Continues the wars in the middle east
Another few thousand killed
Both responsible for the **** that happened in the content
Bush is now a known dick, Obama is praised as lord of the negros and new ruler of whites as well.

#480 to #12 - kaboomz#12 on commentsRank#12

Reply0

(08/23/2013)[-]

ALL HAIL THE LORD OF NEGROS

#401 to #12 - maxmoefoe

Reply0

(08/23/2013)[-]

I'm sorry but I couldn't not laugh at "Lord of the negros"

#283 to #12 - pioneermhm

Reply0

(08/22/2013)[-]

Obama is an asshole and all but black and white isn't the issue, don't blame everything on black people

#360 to #283 - failtolawl

Reply0

(08/23/2013)[-]

I disagree with you on Obama but agree, race has nothing to do with it, yet it seems because he is black, they make it seem like that is why people support him. It's like reverse reverse criticism.

#268 to #12 - huttero

Reply0

(08/22/2013)[-]

dont forget about this

#214 to #12 - roflsaucer

Reply0

(08/22/2013)[-]

Except, you know, you're kind of using the Presidents as scapegoats for the entire government.

#196 to #12 - bjornkrage

Reply0

(08/22/2013)[-]

also nobel prize

#179 to #12 - LocoJoe

Reply+1

(08/22/2013)[-]

How dare you bad mouth our Chocolate Messiah? Emperor Obama could do no wrong! Muh feels!

#145 to #12 - sandwitchman**User deleted account**

has deleted their comment [-]

#473 to #145 - pioneermhm

Reply0

(08/23/2013)[-]

And then they left Afghanistan in a worse state than before.

#474 to #473 - sandwitchman**User deleted account**

has deleted their comment [-]

#476 to #474 - pioneermhm

Reply0

(08/23/2013)[-]

Oh well, I just hope everything will be alright

#130 to #12 - lookathecomment

Reply0

(08/22/2013)[-]

[big]PRASE OBAMA NIGA!!!1[big]

#15 to #12 - scantoz

Reply+1

(08/22/2013)[-]

Well Bush started the wars and Obama is ending them in one way or another.
Bush tanked the economy and caused a world wide depression. Why? "Cause daddeh told meh tu!"
Obama may not be the best but hes actually trying to sort this **** out.

#56 to #15 - SgtObvious

Reply+28

(08/22/2013)[-]

Wow you're stupid. The Housing Bubble caused the Recession, and the Bubble was caused by legislation passed by Jimmy Carter and Clinton. So technically, Carter and Clinton tanked out economy; Bush was just there when it collapsed.

#276 to #56 - TastyBurger

Reply-9

(08/22/2013)[-]

Clinton actually helped out our economy a lot more than he ****** up. Even more than he ******.

#442 to #276 - mrdrpage

Reply0

(08/23/2013)[-]

Clinton's plans helped in the short run. It looked good then. Now it came back and bit us in the ass.

Candy is sweet when you eat it. The rotten mouth later is what sucks.

#328 to #276 - jwash

Reply+2

(08/22/2013)[-]

No way dude. He looked good on paper with a balanced budget, but it was through huge government cutbacks and stupid regulations passed. It looked good then, but was bound to collapse and essentially blow up in our faces.

#302 to #276 - SgtObvious

Reply0

(08/22/2013)[-]

www.businessinsider.com/how-bill-clintons-balanced-budget-destroyed-the-economy-2012-9

#286 to #276 - Mortuus

Reply+7

(08/22/2013)[-]

If I'm not mistaken, Clinton deregulated banks and gave them free reign to do as they please -- causing many of the issues that we currently face.

How did he help, exactly?

#54 to #15 - sketchE

Reply+11

(08/22/2013)[-]

obama is starting new wars as well as completely violating the law. and if you actually knew anything about the world the global depression your talking about was cause by the housing market crash. last i checked the president doesnt control the housing market

#140 to #54 - anon id: 0e90c3eb

Reply0

(08/22/2013)[-]

Everyone on this site is uninformed and retarded and continues to pour nonsense and blind hate out of their mouth. All that you all do is say "ermergerd obama is per evileeeeee! rite nao he's sending nukez out and starting new wars cus he's so evil, he's also prepping the concentration camps now. Seriously you all need to take a step back from your hatred for him that causes your ignorance. I hate the community this sites become, everyone die.

#161 to #140 - sketchE

Reply+4

(08/22/2013)[-]

dude take a step back, breath, then actually read what were saying. this is a very left leaning site so for the most part you are among company. if you would like to have a calm discussion like we are ou are more than welcome

#25 to #15 - SimianLich

Reply-6

(08/22/2013)[-]

You're a moron. Bush got the failing economy from Clinton.

#42 to #25 - inyourmind

Reply+1

(08/22/2013)[-]

the economy was thriving under Clinton but was about to enter a mild depression (happens a lot) however bush decided to delay the depression by reducing taxes and cutting regulation. while this continued the upward momentum for the time being it lead to a massive unavoidable collapse right at the end of his second term. also he cut taxes and started 2 wars at the same time.... that's ******* retarded by any book...

p.s. i'm just saying bush as he was the "leader" at the time it would be more accurate to say republicans in general.

#65 to #42 - SgtObvious

Reply+2

(08/22/2013)[-]

You literally just made something up to try and attack Bush. Bush's tax cuts helped business growth but increased the national debt because he didn't balance them out with spending cuts. That's all it did. National debt is bad, but its not what caused the Recession and isn't even close to the amount Obama added on. Carter and Clinton passed legislation that caused the Housing Bubble. That's what caused the Recession. The Bubble just happened to burst under Bush through no fault of his own.

You need to login to view this link

www.thedailybeast.com/articles/2012/09/06/the-clinton-recession.html

You need to login to view this link

www.businessinsider.com/how-bill-clintons-balanced-budget-destroyed-the-economy-2012-9

You need to login to view this link

www.businessinsider.com/the-cra-debate-a-users-guide-2009-6

#78 to #65 - inyourmind

Reply-4

(08/22/2013)[-]

As i said i was attacking republicans not bush. Those acts were passed by republican majority but agreed to by Clinton. the tax cuts were meant to stimulate the economy to avoid a recession however that just causes a major recession at a later date (prevention of cycle). further deregulation of the stock market allowed for manipulation to occur and short selling failing stocks, causing the stocks to fail even faster, became allowed once again under republican management. this helped to lead to the stock market crash being so sudden.

#87 to #78 - SgtObvious

Reply+2

(08/22/2013)[-]

No, they were passed under Democratic majorities, aside from the repeal of the Glass-Steagall which was bipartisan but 100% supported by Clinton. The tax cuts did not cause the Recession. Read the sources that I gave you. That's a misconception that misinformed people generally have. As I said, deregulation of the stock market was generally bipartisan but heavily supported by Clinton and he's the one who signed the repeal of Glass-Steagall into law without objection. However, deregulation only fostered the growth of the Housing Bubble, it didn't create it. The stock market crash was caused by the banks that anchored our economy crashing because of the failure to repay subprime mortgages that they gave out to people under order of legislation passed under Carter and Clinton (CRA, Commodity Futures Modernization Act, expansion of the CRA, etc.). The only thing Bush did to contribute to the Recession was not end the housing legislation, but there was no pressing need at the time to end it, especially with the wars going on.

And I don't understand why I'm getting thumbed down, for giving correct information and citing my sources?

#96 to #87 - inyourmind

Reply-2

(08/22/2013)[-]

really cause democrats never controlled congress under Clinton.... i'm not disagreeing that these acts were passed at that time... but they were passed by republican majorities... the major deregulation of the stock market occurred during the bush administration under a republican congress... at no point did i say the tax cuts caused it alone. As i said before they delayed it which helped to result in a larger bubble and a more major crash.

#120 to #96 - SgtObvious

Reply0

(08/22/2013)[-]

Ok, I'm sorry I made a mistake. He did have a Democratic majority for his first 2 years though. And he personally rewrote the CRA and signed everything else into law. In general, the passing was bipartisan but Clinton signed it into law. You can't just blame Republicans for it because it was a bipartisan effort, but you can blame Clinton for heavily supporting the housing legislation, signing it into law, and rewriting the CRA.

#63 to #42 - SgtObvious

has deleted their comment [-]

#27 to #25 - scantoz

Reply+6

(08/22/2013)[-]

He ****** it up with one useless war costing 3 trillion dollars and making the military budget about 1.7 trillion dollars a year. You know that 16 trillion dollar debt you guys have? take away 1.7 trillion for every year since 9/11.

#43 to #27 - SimianLich

Reply0

(08/22/2013)[-]

What about all the Government funded programs that popped up between now and then as well as Medicare and Medicade. social programs are where that 16 trillion dollar debt came from. By the way, its 1.7 billion, not trillion.

#68 to #43 - scantoz

Reply0

(08/22/2013)[-]

en.wikipedia.org/wiki/List_of_countries_by_military_expenditures
1753 billion. 1.7 billion eh?

#83 to #68 - SimianLich

Reply0

(08/22/2013)[-]

That's this year dickhead.

#84 to #83 - scantoz

Reply0

(08/22/2013)[-]

Lol go on google you dumb mother ******.

#90 to #84 - SimianLich

Reply0

(08/22/2013)[-]

Your mom thinks I'm smart. Besides, You still didn't answer my question about social programs and the increase over the years.

#93 to #90 - scantoz

Reply0

(08/22/2013)[-]

Lmfao you're a special kind of retard.

#94 to #93 - SimianLich

Reply0

(08/22/2013)[-]

Your the one arguing with a retard.

#98 to #94 - scantoz

Reply0

(08/22/2013)[-]

My the is arguing with a retard? Shame did you just accept the fact that you're retarded?

#104 to #98 - SimianLich

Reply0

(08/22/2013)[-]

I don't appreciate that word very much and yes I'm legally disabled. Now take your ignorant dick and go shove it so far up your ass you'll be pissing out your mouth.

#106 to #104 - scantoz

Reply0

(08/22/2013)[-]

I can see that you're mentally retarded. Thank you for your kind words.

#483 to #106 - donutnazi

Reply+1

(08/23/2013)[-]

I call shenanigans

#23 to #15 - anon id: d1041250

Reply0

(08/22/2013)[-]

trying to fix ****, and fixing **** are two different things.

#39 to #23 - yaminotoncod

Reply+1

(08/22/2013)[-]

Well it's hard to just fix something when you have so many checks and balances, and Congress being against you. I'm saying this for any president in the past. Presidents can't just go out and change everything, they need to be approved. Looking at it, presidents have much less power than people would think.
Pic related If this post relates to giant lizards eating trains

#57 to #39 - sketchE

Reply+1

(08/22/2013)[-]

on the books, yes, in reality, no. what obama lacks in power he makes up for in skirting the rules and making the public follow him. obama tells people hes working for what they want but republicans are stopping it, the people who dont actually know whats going on but hang on obamas word will vote the republicans out and boom congress controlled by people who follow everything obama says like hes jesus and the remaining republicans doing there best to survive

basicly he sounds confident when he talks so the uneducated masses believe him giving him more power

#22 to #15 - Grom

Reply0

(08/22/2013)[-]

#21 to #15 - adu

Reply0

(08/22/2013)[-]

Bush didn't do **** to Libya from my understanding. That was all 'Bama. The stuff about wrecking the economy though, especially the real estate market, is true about Bush.

#59 to #21 - sketchE

Reply0

(08/22/2013)[-]

how is the president involved in banks giving out unethical loans?

#66 to #59 - adu

Reply+1

(08/22/2013)[-]

Bush signed the legislation that forced the banks to make those unethical loans and then bailed them out. Why would a bank start giving out loans if most of them would never be paid off?

#180 to #66 - theuglypanda

Reply0

(08/22/2013)[-]

You clearly need to learn your ****. Clinton passed the bill that essentially made banks give out loans to people who couldn't afford to pay them back. Get it together adu

#71 to #66 - sketchE

Reply0

(08/22/2013)[-]

well lets see. trapping people in debt and making them pay till they die?

#73 to #71 - adu

Reply+1

(08/22/2013)[-]

Loans don't get paid if the borrower files for bankruptcy.

#81 to #73 - sketchE

Reply0

(08/22/2013)[-]

thats the purpose of minimum payments my friend. ill use something small like credit cards to explain this. i have a card with a $500 limit maxed out my minimum payment is $15 unfortunately my interest rate means that my $15 wont even cover the interest added on.say i never use that card again but choose to instead pay the minimum for say 20 years. the bank is making $3600 off of me but as pure profit almost then theres the 500 plus the interest my payment didnt cover. now make it much bigger payments on more money in a 30 year contract.

basicly the banks got greedy y jacking their rates up to the point people couldnt pay. of course they do have the benefit of holding the house now and then they can just sell it and star over

#89 to #81 - adu

Reply0

(08/22/2013)[-]

Except all of those houses were effectively halved in price, and the 30 year contract worth of cash lent only saw about 3 year's worth of payments, so not sure how much profit you can get off of that. Not to mention that many, MANY tenants decided to trash their houses when banks started calling in for foreclosures, and those houses sometimes took thousands of dollars just to get into salable condition. I actually do some work in real estate appraising, not to mention that my family was one of the many that filed for bankruptcy, so I get to see the price differences between 2007 and 2009 on a loooot of houses, and also interior pictures of the aftermath. The only big bucks the banks made from those kinds of deals were from federal bailouts.

#91 to #89 - sketchE

Reply0

(08/22/2013)[-]

like i said the banks got greedy. if they had done it right they would have made a ******* in the long run

#105 to #91 - adu

Reply0

(08/22/2013)[-]

The subprime crisis was caused by a lot of factors, but Bush's administration wasn't innocent. After things went south, he signed the Emergency Economic Stabilization Act of 2008 and sent $700 billion dollars off to those same greedy banks, and the victims of the crash didn't see a cent of it.

#110 to #105 - sketchE

Reply0

(08/22/2013)[-]

i wnt deny that but saying hes the cause of it is kind of dumb. if it had been written better and actually had stipulations on what the money went to it would have worked fine. but this is a case of greed of the people and the government trying to fix things and failing

whats the saying of obama supporters? at least hes trying?

#113 to #110 - adu

Reply0

(08/22/2013)[-]

Obama's certainly not making anything better in my book. He's more bailout happy than Bush was.

#121 to #113 - sketchE

Reply0

(08/22/2013)[-]

bushes onyl downfall was he couldnt talk in my mind. coupled with the ignorant nation of the nation as a whole recently.

#127 to #121 - adu

Reply0

(08/22/2013)[-]

I disagree with the whole Patriot Act thing, the bailouts, the unnecessary military expenditures, and the sheer number of "lolwutcongress" executive orders. Obama seems to have inherited just about all of these habits though.

#132 to #127 - sketchE

Reply0

(08/22/2013)[-]

i always got the feeling that he was doing things for the people though. i read his plans on immigration reform and it was a great idea. then obama scrapped it and said just give all illegal immagrants citizenship

#58 to #21 - SgtObvious

Reply-2

(08/22/2013)[-]

No it's not. Bush did nothing to the real estate market, Carter and Clinton did.

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