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"International court’s attack on Israel a sign of the free world’s moral collapse" "Pete Hegseth Is Right for the DOD" "Why Our Constitution Secures Liberty, Not Democracy" Woodworking and Construction Hacks "CNN: Reporters Were Crying and Hugging in the Hallways After Learning of Matt Gaetz's AG Nomination" "NEW: Democrat Officials Move to Steal the Senate Race in Pennsylvania, Admit to Breaking the Law" "Pete Hegseth Is a Disruptive Choice for Secretary of Defense. That’s a Good Thing" Katie Britt will vote with the McConnell machine Battle for Senate leader heats up — Hit pieces coming from Thune and Cornyn. After Trump’s Victory, There Can Be No Unity Without A Reckoning Vivek Ramaswamy, Dark-horse Secretary of State Candidate Megyn Kelly has a message for Democrats. Wait for the ending. 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Iran Vows “Unimaginable” Response | Watchman Newscast In Logansport, Indiana, Kids are Being Pushed Out of Schools After Migrants Swelled County’s Population by 30%: "Everybody else is falling behind" Exclusive — Bernie Moreno: We Spend $110,000 Per Illegal Migrant Per Year, More than Twice What ‘the Average American Makes’ Florida County: 41 of 45 People Arrested for Looting after Hurricanes Helene and Milton are Noncitizens Presidential race: Is a Split Ticket the only Answer? hurricanes and heat waves are Worse 'Backbone of Iran's missile industry' destroyed by IAF strikes on Islamic Republic Joe Rogan Experience #2219 - Donald Trump IDF raids Hezbollah Radwan Forces underground bases, discovers massive cache of weapons Gallant: ‘After we strike in Iran,’ the world will understand all of our training The Atlantic Hit Piece On Trump Is A Psy-Op To Justify Post-Election Violence If Harris Loses Six Al Jazeera journalists are Hamas, PIJ terrorists Judge Aileen Cannon, who tossed Trump's classified docs case, on list of proposed candidates for attorney general Iran's Assassination Program in Europe: Europe Goes Back to Sleep Susan Olsen says Brady Bunch revival was cancelled because she’s MAGA. Foreign Invaders crisis cost $150B in 2023, forcing some areas to cut police and fire services: report Israel kills head of Hezbollah Intelligence. Status: Not Logged In; Sign In United States News See other United States News Articles Title: Happy 10th Birthday, Bush Tax Cuts! You've been a failure in every conceivable way Source: Slate URL Source: http://www.slate.com/id/2296578 Published: Jun 10, 2011 Author: Annie Lowery Post Date: 2011-06-10 10:59:53 by go65 Keywords: None Views: 42349 Comments: 143 Unfortunately, the tax cuts never translated into robust economic growth, either. Indeed, the aughts saw the worst growth since World War II. From 2001 to 2007, annual GDP growth averaged just 2.4 percent per year, lower than in any other postwar business cycle. The contrast is starker still when judging against the previous decade. In real terms, GDP grew half as much from 2001 to 2010 as from 1991 to 2000. Click for Full Text! Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 39. #3. To: go65 (#0) The disaster that was the Booosh Tax cuts is so apparent that it's not even worth debating any more. war  posted on  2011-06-10   11:17:24 ET  Reply   Untrace   Trace   Private Reply   #6. To: war (#3) (Edited) The disaster that was the Booosh Tax cuts is so apparent that it's not even worth debating any more. I love how you make drive-by accusations then refuse to back up anything you proclaim by couching your language in weasel words. You need to go back to the disinformation collective and brush up on your skills, comrade. Rudgear  posted on  2011-06-10   11:31:34 ET  Reply   Untrace   Trace   Private Reply   #7. To: Rudgear (#6) We went from surplus to deficit in the wink of an eye. The debt EXPLODED and the tax "cuts" did absolutely nothing. Our fiscal problems and the fact that we cannot inplement a TRUE Keynsian solution to the current economic ennui can be traced back to those cuts. Those are all proven facts. There's nothing drive-by about it at all. Those cuts were the pinnacle of fiscal irresponsibility - a trait that the GOP demonstrates every time that it gets into power. war  posted on  2011-06-10   11:36:34 ET  Reply   Untrace   Trace   Private Reply   #15. To: war (#7) We went from surplus to deficit in the wink of an eye. Clinton tech bust and the irresponsible CRA. Yes, Sink boy truly was the gift that keeps on giving. no gnu taxes  posted on  2011-06-10   12:23:37 ET  Reply   Untrace   Trace   Private Reply   #18. To: no gnu taxes (#15) Clinton tech bust and the irresponsible CRA. Yes, Sink boy truly was the gift that keeps on giving. You have an amazing ability to argue both that the Bush administration economic policies were a resounding success, and that the economy crashed under Bush due to Clinton. Amazing. go65  posted on  2011-06-10   12:28:09 ET  Reply   Untrace   Trace   Private Reply   #21. To: go65 (#18) He's become more absurd over the past few months. His rebuttal to just about any economic point is "CRA!!!!" He hates it that ni**ers can buy houses. war  posted on  2011-06-10   12:33:48 ET  Reply   Untrace   Trace   Private Reply   #26. To: war (#21) His rebuttal to just about any economic point is "CRA!!! Why wouldn't it be? no gnu taxes  posted on  2011-06-10   12:41:27 ET  Reply   Untrace   Trace   Private Reply   #29. To: no gnu taxes (#26) (Edited) That article blames the CRA for "lax lending standards" while offering absolutely no proof that it did. Meanwhile, time after time, you have been given empirical data that CRA had zipola to do with the financial crisis. Believe me, we all "get" that you hate ni**ers owning homes. war  posted on  2011-06-10   12:45:35 ET  Reply   Untrace   Trace   Private Reply   #30. To: war (#29) Weren’t the majority of the subprime loans made by mortgage service companies not subject to the CRA? This is true. But it is largely beside the point. A huge driver of the demand for subprime loans was the demand for CRA bonds. Banks operating under the CRA could meet their obligations by buying up CRA loans or MBS built from CRA loans. The CRA created a demand that the mortgage servicers were meeting. What's more, many smaller mortage service companies hoped to be acquired by larger banks. Increasing their CRA lending made them more attractive take-over targets. A study put out by the Treasury Department in 2000 found that the CRA was encouraging the mortgage servicers to provide loans to low-income borrowers, in part because the CRA loans had been so successful. Finally, the Clinton adminstration threatened to subject the mortgage companies to the CRA if they didn't comply voluntarily. They promptly agreed to increase their CRA-type lending in order to escape the kind of public scrutiny that comes with official CRA regulated status. no gnu taxes  posted on  2011-06-10   12:54:47 ET  Reply   Untrace   Trace   Private Reply   #33. To: no gnu taxes (#30) Banks operating under the CRA could meet their obligations by buying up CRA loans or MBS built from CRA loans. Chuckles...pure bullshit. There was no disclosure of the origin of the loans within a particular MBS. In other words, Paddy, you had 0 idea if a particular bundling contained a loan made under CRA guidelines. As long as a loan met the pooling requirements of FN/FM, it was in. war  posted on  2011-06-10   13:15:33 ET  Reply   Untrace   Trace   Private Reply   #37. To: war (#33) And if that is true, why would Countrywide be advertising as such: "The result of these efforts is an enormous pipeline of mortgages to low- and moderate-income buyers. With this pipeline, Countrywide Securities Corporation (CSC) can potentially help you meet your Community Reinvestment Act (CRA) goals by offering both whole loan and mortgage-backed securities that are eligible for CRA credit,” no gnu taxes  posted on  2011-06-10   13:29:57 ET  Reply   Untrace   Trace   Private Reply   #39. To: no gnu taxes (#37) That's private label bundling of loans made to "low income" people, Paddy. The definition of "low income" was somewhat flexible to the private labels who would lend money to people who simply did not disclose their income. war  posted on  2011-06-10   13:36:23 ET  Reply   Untrace   Trace   Private Reply   Replies to Comment # 39.         There are no replies to Comment # 39. End Trace Mode for Comment # 39. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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