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Title: Myth -- "The failed policies of George W. Bush and Dick Cheney left the economy in a mess"
Source: lipstatic.com
URL Source: http://www.lipstatic.com/lipstatic/ ... eft-the-economy-in-a-mess.html
Published: Jan 19, 2010
Author: lipstatic.com
Post Date: 2010-01-19 19:05:15 by dont eat that
Keywords: None
Views: 47507
Comments: 129

It seems there is no one defending the policies of the Bush Administration. Even Republicans are distancing themselves from this administration, complaining of a spending binge and growth of the federal government.

The Democrats have worked diligently to make us feel sorry for President Obama because he inherited a terrible fiscal mess. Well, yes, we have gone through a fiscal mess and he took office shortly after the financial panic started. But was it Democrat policies, not Republican ones that created the crisis.

What caused the financial crisis? A housing/real estate bubble burst. The bubble was caused by making money easily available for home loans. Easy money caused buyers to bid up the prices of homes. Congress encouraged the growth of this bubble by pushing Fannie Mae and Freddie Mac (federal government holders of home mortgages) to reduce their loan standards and to increase their portfolio of loans; Congress thought these policies would be helping poor and disadvantaged families. The standard practice of asking for 20% down payments was abandoned and lending institutions gravitated to the point where 100% loans were being made (basically no down payment). The government, through Fannie and Freddie was buying loans of any type and didn’t seem to care about lending standards. Lenders were not even required to verify the income of borrowers and many people speculated by purchasing real estate at more than they could afford because they believed that the value of the property would continue to increase.

The easy money policies of the Federal Reserve (operates independent of the White House) contributed to real estate speculation by keeping interest rates low.

Because mortgages are usually backed by solid collateral value (this was true when loan values were 80%) loans were bundled into investment packages and sold as low-risk investments around the world. These loan packages were rated as top quality investments by the rating agencies (problem area). Banks, looking for low-risk ways to invest short-term cash began to trade these securities. So far, all this seems reasonable.

But these bundled loans were improperly valued because the collateral value was overstated. Banks were not making risky bets because these investments were rated as AAA. Perhaps banks knew that the underlying assets here were a bit shaky, but by the book, these were not considered risky investments.

What event(s) started to shake the house of cards? Some evidence traces back to an effort by a large institutional investor (a major college endowment fund) to cash-out of some investments to meet a margin call - this is from memory, but can be checked). Their package of investments had to be sold at a large loss to get the cash they needed and this tremor triggered the earthquake.

Now, in my opinion, things would have worked themselves out without our notice except for "mark-to-market" accounting rules that were instituted by congress as part of the over-reaction to the Enron collapse. Mark-to-market caused major investment organizations to value their securities based on the most recent "market" valuation of their assets. If your stuff was sold by a competitor for $1 per unit, then yours was now valued at $1 even though you paid $20. Yesterday your stuff was worth a lot. Today, based on mark-to-market it is worth near nothing. Therefore the assets you held on your balance sheet as security for some other investment were worth less and you were obligated to come up with cash NOW to cover the difference. So banks and other financial institutions were obligated to sell securities at fire-sale rates to get the cash needed to meet their obligations.

If sanity had prevailed - pretty much impossible with Washington involved - the banks would have said "balderdash"; we plan to hold our assets (mortgage securities) until maturity and we will value them at the maturity rate. But the laws were different at the time and the banks (read Wall Street) have always been obliged to comply. All this triggered a mess.

Congress has since quietly addressed the "mark-to-market" issue and, of all fixes thrown at the problem, this is probably the most significant.

It is true that both Democrats and Republicans liked and encouraged expanded home ownership. President Bush expressed pride that were moving toward an “ownership society" where a greater portion of the population owned and cared for physical assets. However, the Bush administration saw that Fannie and Freddie were stretching too far and early in their administration (2003) started making a series of proposals to establish tighter regulations. Democrat, Barney Frank, took the lead in resisting tighter regulations and even worked to expand risky lending.

Excerpts on the subject from the New York Times of September 11, 2003 notes: “The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.” and

“…Among the groups denouncing the (Bush) proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.”

Bush tried to prevent the bubble, but he failed...so it's his fault. But if truth were important, the bubble did not burst because of failed policies of the Bush administration. The failures resulted from Democrat policies.

This topic is too big to be properly addressed in a single blog item, but here are some other things to think about:

· The Clinton Recession - George Bush inherited a pretty significant recession from the Clinton administration when he took office. In this case, it was the bursting of the bubble caused by over speculation in internet stocks – the “tech wreck”. One of the main reasons why federal tax revenue grew so fast during the Clinton years was the fact that he presided at the time the internet blossomed. Our entire country began to profit from the fabulous productivity benefits of the internet (think email or e-commerce). We hardly remember this recession because it was handled fairly deftly by the Bushies. Initially, Bush proposed and Congress enacted a modest stimulation package and phased-in tax cuts. These actions gave consumers and businesses greater control of their own money and confidence in the future. In 2003, congress accelerated the phase-in of tax cuts and the economy grew, unemployment improved and revenues to the government increased.

· Bush inherited 911 – During the Clinton years, US interests were attacked several times. The Clintons basically treated these attacks as law enforcement issues and maintained a very low sense of urgency about the terrorist threats. We knew that Usama Bin Laden had declared war against the United States and we considered him our enemy. Even so, President Clinton declined opportunities to kill Bin Laden because the CIA had been instructed to capture him alive. Clinton and his National Security Adviser, Sandy Berger, also declined the chance to capture Usama Bin Laden, telling Sudan's President, who offered to provide him to us, that we did not have a legal basis to take control of him. The planning for 911 started well before the Bush administration took office. When the attacks of 911 took place, our world changed…talk about an inheritance!

One of the main intents of the Bin Laden attacks was to disrupt our financial system. While it is obvious that the recent banking panic and “bail-outs” represented a serious problem, it was solvable by government providing back-up funding to the various banks and financial institutions. The main corrective support was provided by the Bush administration. Whether you do or don’t agree that the government should have provided this support, Barack Obama did think it was necessary and voted for it while in his Senate seat. Most of the banking back-up loans have now been paid back with significant interest. However, when compared to the financial crisis that took place during 911, the 911 disasters were potentially much more severe and more difficult to manage.

I remember being amazed and thanked God that the Bush administration was in charge at that time of 911. The Trade Centers were a hub of our financial system. Key people were killed, systems, records and infrastructure were destroyed in an instant. Yet we came back in a very short time. Hundreds and thousands of people worked in the background to repair our financial system and today, very few remember the wonderful work they did.

· Bush was a big spender? – Remember, while the Bush administration had a modest majority in Congress, it had a sharply divided Senate (50-50) and Tom Dashle (D–SD) became majority leader just four months after Bush was inaugurated. Without going through the votes, I think I can state that Democrats opposed very little of the spending bills and proposed budgets that always exceeded the spending that Bush proposed. We need to remember that all spending bills originate in the House of Representatives. Bush may be faulted for being too willing to compromise with Congress. Today, Republicans chide him for failing to veto bills that were presented to him by Congress. However, Bush was in a difficult spot and every big spender (both Democrat and Republican) took advantage of the 911 environment to splurge on their favorite projects. On 911, President Bush turned his focus to keeping our country safe. He initiated military operations in Afghanistan, Iraq and many other areas around the world. Remember also that Bush had strong bi-partisan support for both of these actions. Later, after we had chased out the bad guys and each country was freed to democratically elect a government of its choice, the Democrats lost interest and started to accuse the Bush administration of tricking them into supporting the actions in Afghanistan and Iraq (although the leadership of both parties had complete access to the same intelligence as the President). Thereafter, Bush had to fight a congress that threatened to withhold funds for these military operations unless they got what they wanted. It is true that Bush contributed to spending initiatives with his proposal to expand prescription drug entitlements, but he had Democrat support for this initiative and some economic justification. Bush can take full credit for pushing the No Child Left Behind initiative and this did add modestly to the federal education budget. But much of the increased spending during the Bush administration was a result of 911. Huge expenses resulted from implementing the recommendations of the 911 Commission. These included, for example, the creation of the Department of Homeland Security. In a compromise with Democrats (union gift), Bush capitulated and all those security people at the airport and elsewhere around the country, became government employees.

After 911, it is not surprising that federal spending grew more than revenues. However, the Bush administration did maintain some discipline in spite of congressional headwinds and was maintaining a path to get spending in line with revenues.

· Bush Tax Cuts took revenue away from the government? – Democrats choose to think simply about taxes. They think that increasing tax rates will result in greater revenues for the government and decreasing tax rates will reduce revenue. They point to the fact that government revenues increased significantly during the Clinton administration and relate that increase to increased tax rates during that time. They cite the budgetary surplus that briefly occurred during the Clinton years, but they fail to acknowledge the spending restraints that a Republican Congress imposed on Clinton and the fact that our economy was benefiting from the expansive internet/tech economy.

The greatest way to increase revenues is to increase economic activity. The government gets a cut of all the money we make, so the more people are fully employed, the more revenues come in to the government. Allowing the “people” to keep more of their own money is a way to expand economic activity overall. The tax cuts of 2001 and 2003 resulted in increasing revenues for the government. Revenue in Bush’s first year was $1.99 trillion. In his last year (2008) revenue was $2.52 trillion. Federal revenue increased by 28% in the environment of the Bush tax cuts. By looking at revenue and spending graphs, it can be seen that dips in revenue coincide with economic recessions (dips in economic activity – negative growth).

The tax cuts that were implemented have been purposely misrepresented as “tax cuts for the rich”. However, those with lower incomes were the most positively affected by the tax cuts. To help us remember, here is a very quick summary of the tax cuts as gleaned from Wikipedia:

Many of the tax reductions in the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) were designed to be phased in over a period of up to 9 years. Many of these slow phase-ins were accelerated by the Jobs and Growth Tax Relief Reconciliation Act of 2003(JGTRRA), which removed the waiting periods for many of EGTRRA's changes.

EGTRRA generally reduced the rates of individual income taxes:

· a new 10% bracket was created for single filers with taxable income up to $6,000, joint filers up to $12,000, and heads of households up to $10,000.

· the 15% bracket's lower threshold was indexed to the new 10% bracket

· the 28% bracket would be lowered to 25% by 2006.

· the 31% bracket would be lowered to 28% by 2006

· the 36% bracket would be lowered to 33% by 2006

· the 39.6% bracket would be lowered to 35% by 2006

The EGTRRA in many cases lowered the taxes on married couples filing jointly by increasing the standard deduction for joint filers to between 174% and 200% of the deduction for single filers.

Additionally, it changed the rate of tax on dividend income starting in 2003 to 5% for those in the 0% or 15% brackets, falling to 0% in 2008. It was lowered to 15% for all other brackets.

Today, Bush detractors claim that these tax cuts unfairly benefited the rich and have reduced federal tax revenue. The tax cuts are subject to a sunset clause and will expire on January 1, 2011 (two years) if congress fails to act.

The truth is that these tax cuts have benefited the poor and the middle class much more than the rich (watch out for that term). According to a 2007 study, of the Congressional Budget Office (CBO) if the current benefits to the poor and middle class were to expire it would have a combined budgetary effect of $114 billion. By comparison, if the more maligned capital gains, dividends and estate tax provisions were to expire, this would only contribute $36 billion to the budget. Further, the individual income tax rate reductions come to $59 billion (2007 study) and are not really a tax cut for the rich. All families with taxable income over $62,000 (and single filers over $31,000) currently benefit and will be affected when taxes increase to previous levels.

You can review federal revenue and spending from several sources, but the Interactive Charts at the Heritage Foundation are easy to view.

Had enough?? Whew!!

Whether or not this was useful or interesting to you, this was a bit cathartic and a positive exercise for me.

Let’s stop blaming Bush and start looking forward. Tune in tomorrow (lets say soon) for the solution.

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#1. To: dont eat that (#0)

GW Bush Executive Summary of "A Home of Your Own". From the WhiteHouse website

Buying a home is the biggest single investment most people will make in their lives. Homeownership is a cornerstone of America’s healthy, vibrant communities, and benefits individual families by helping them build stability and long term financial security. But sadly, homeownership is out of reach for many Americans - especially for minority families. For millions of these families, homeownership is a distant, unreachable dream.

President Bush has a comprehensive agenda to help increase the number of minority homeowners by at least 5.5 million before the end of the decade. While the overall homeownership rate has reached an all time high of nearly 68 percent, the statistics show a clear and persistent homeownership gap:

Despite increases in minority homeownership during the decade of the 1990s, large persistent gaps between non-Hispanic whites and minorities remain and have narrowed only slightly; According to HUD, in 1994 the minority homeownership rate was 26.8 percent below the rate for white households; The African-American homeownership rate was 27.5 percentage points below the white rate, and the Hispanic rate was 28.8 percentage points below the white rate; The second quarter Census data for 2002 shows that non-Hispanic whites have a 74.3% homeownership rate, while African-Americans have a 48% rate and Hispanics a 47.6% rate; and Asian-Americans and other races have a 53.7% homeownership rate. A new report from the Department of Housing and Urban Development (HUD) - which analyzed the most recent homeownership data from the U.S. Census Bureau - highlights the many barriers that prevent minority families from owning their own home. The barriers include:

A lack of inventory of affordable single-family housing available for sale in many areas where a majority of residents are minority families; A need for downpayment assistance, which affects minority families to a greater extent than non-Hispanic whites because they have less accumulated wealth that can be used to help children with downpayments;

A lack of access to affordable mortgage credit;

A lack of understanding of the homebuying process;

Weak credit histories, often arising from a poor understanding of financial matters and where financial counseling is required;

A lack of information about available homeownership programs in the community;

and Language difficulties or cultural differences.

It doesn’t have to be this way. The President’s agenda will help tear down the barriers to homeownership that stand in the way of our nation’s African- American, Hispanic and other minority families by:

Providing Downpayment Assistance. The single biggest barrier to homeownership is accumulating funds for a downpayment. The President has proposed $200 million annually for the American Dream Downpayment Fund to help roughly 40,000 families a year with their downpayment and closing costs.

Increasing the Supply of Affordable Homes. The President wants to dramatically increase the supply of homes available to low and moderate income families. The President has proposed the Single-Family Affordable Housing Tax Credit, which will provide approximately $2.4 billion to encourage the production of 200,000 affordable homes for sale to low and moderate income families.

Increasing Support for Self-Help Homeownership Programs. The President’s budget triples funding for organizations, such as Habitat for Humanity, that help families help themselves become homeowners through sweat equity and volunteerism in their communities.

Simplifying the Home Buying Process & Increasing Education. When buying a home today a buyer faces a confusing and complicated process. The President and HUD want to empower homebuyers by simplifying the home buying process so consumers can better understand and benefit from cost savings. The President also wants to expand financial education efforts so that families can understand what they need to do to become homeowners.

The President also believes that government alone can’t close America’s homeownership gap. It is critical that our government challenge the private sector to take concrete steps to tear down the barriers to homeownership that face minority families. The President is issuing "America’s Homeownership Challenge" to the real estate and mortgage finance industries to join in his effort to increase the number of minority homeowners by 5.5 million families by the end of the decade. Many organizations have already responded to the President’s challenge by committing to:

Substantially increase by at least $440 billion, the financial commitment made by the government sponsored enterprises involved in the secondary mortgage market, specifically targeted toward the minority market;

Launching twenty-five different local initiatives across the nation, geared toward eliminating the specific homeownership barriers faced by minority families in those communities;

Raising $750 million in below-market-rate investments by 2007, which will work in collaboration with local homeownership initiatives and be targeted to heavily minority program areas;

Pursuing strategic partnerships in 20 top housing markets between homebuilders, lenders, local officials, and community leaders to develop approaches that address the local challenges to building homes for minority families living in urban centers;

Establishing faith-based housing partnerships between the participants and at least 100 churches, mosques, synagogues, and other faith-based institutions; Aggressively developing new mortgage products so that conventional market alternatives are available to combat the predatory loan products that are disproportionately targeted to minorities;

Creating new mortgage products to meet the unique needs of recent immigrants; Dramatically expanding financial education efforts for minorities, providing financial counseling to at least 380,000 minority families, and taking measures at the local level to reduce predatory lending; and

Establishing multilingual, consumer-oriented internet Web sites designed to help minorities overcome barriers to homeownership, including creation of a central data bank of affordable housing programs made available to real estate agents when working with clients.

mininggold  posted on  2010-01-19   19:28:38 ET  Reply   Trace   Private Reply  


#2. To: dont eat that (#0)

Let’s stop blaming Bush and start looking forward. Tune in tomorrow (lets say soon) for the solution.

Learning from mistakes is difficult when one turns a blind eye to well documented history.

AND That statement is right out of the liberal playbook.

mininggold  posted on  2010-01-19   19:33:11 ET  Reply   Trace   Private Reply  


#3. To: mininggold (#1)

Bush never advocated irresponsible lending practices and called for FNMAFMAC reform continuously.

dont eat that  posted on  2010-01-19   19:38:01 ET  Reply   Trace   Private Reply  


#4. To: dont eat that (#0) (Edited)

First off, a "significant" recession was not inherited. The economy suffered from the deceleration of corporate spending that was associated with Y2K. Growth was 8% in the quarter ending 6/00 and .3 in 9/00.

Secondly, CRA and first time home ownership has zipola to do with the current depression Boy Blunder left us with. Ditto FN and FH...

Thirdly, the tax cuts, the abdication of regulatory responsibility mostly within both the US treasury and the FRB allowed an INSANE amount of overleveraging in the asset securiztization market. To underscore this point the FRB, hoping to avoid the same mistake in the future, warned banks and special purpose entities to reign in their penchant for lending long and borrowing short.

Reagan left office with inflation on the rise, the dollar tanking and bank and GSE failures on the horizon. Sound familiar except for the inflation? The GOP playbook has been weighed, measured and found wanting...

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-19   19:45:18 ET  Reply   Trace   Private Reply  


#5. To: war (#4)

The tax cuts worked and the Housing lending issues were at the very core of the derivative issues.

Go spin your left wing nigger fag bullshit to someone who buys it.

dont eat that  posted on  2010-01-19   19:50:37 ET  Reply   Trace   Private Reply  


#6. To: war (#4)

Reagan left office

With the fookin Soviets on their knees screaming UNCLE! Now the US is the world's laughingstock because a year of Barack the loser!

Sneakypete, have you ever been married? Said things you later regretted?

Ibluafartsky  posted on  2010-01-19   19:51:23 ET  (1 image) Reply   Trace   Private Reply  


#7. To: padlock (#5) (Edited)

The tax cuts worked

Bull...the first round increased the deficit and the second round accelerated the debt.

and the Housing lending issues

Spoken like the clueless dickweed that you are. Asset securitization used as leverage 100's of times over was the issue. Banks had cut back significantly on lending by the middle of 2006. I pointed it out at TOS...Oogie, Basslips and even gomer argued with me as each step unfolded as I predicted. Private label financing fell at the GSE's from 75% to less than 40% in the period of 1 year. The GSE's had NOTHING to do with the failure and were more victimized by it than contributed to it.

You had special purpose entities which had issued tranches and tranches of PRIVATE, i.e., non bank issued mortgages of various maturities and crediwrothiness which they financed by pledging them as collateral against THE VERY MONEY that was being used to finance them. All it took was the failure of a couple of these tranches, e.g. Bear Stearns, Citadel, to snowball into the systemic failure that occurred. A good portion of thagt can be laid at the feet of hedged funds and other investors who used leverage, i.e., BORROWED money, as the means of "purchasing" these securities. As the tranches failed, the leveraged buyers couldn't borrow enough money to cover what they had both "paid" for and previously borrowed.

Go spin your left wing nigger fag bullshit to someone who buys it.

Go fuck yourself padlock you racist piece of scumshit...

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-19   20:03:03 ET  Reply   Trace   Private Reply  


#8. To: war (#7)

Inane pointless ramblings of a leftist with, as usual, no backing.

dont eat that  posted on  2010-01-19   20:08:15 ET  Reply   Trace   Private Reply  


#9. To: dont eat that (#0)

One year into the Che Obama term and Bush never looked so good. It is time to taunt and finger point at the idiots who dropped on their knees to service this man without a background.

Jethro Tull  posted on  2010-01-19   20:12:13 ET  Reply   Trace   Private Reply  


#10. To: dont eat that (#3)

Bush never advocated irresponsible lending practices and called for FNMAFMAC reform continuously.

Read the executive summary.

mininggold  posted on  2010-01-19   20:19:09 ET  Reply   Trace   Private Reply  


#11. To: dont eat that (#8)

It appears some Dims have difficulty accepting the mess they have given us and our children. I hope they keep smoking whatever it is they smoke, tonight the lights went on for the people in the bluest of blue states. They have to be dying.

Jethro Tull  posted on  2010-01-19   20:30:04 ET  Reply   Trace   Private Reply  


#12. To: mininggold (#10)

His entire program involved providing a total of 200 million dollars of assistance to help provide down payments to homeowners. The program did not absolve buyers to prove to lenders they could afford a mortgage. Many buyers can afford mortgage payments, but don't have the cash on hand to pay closing costs. It was down payment assistance and only 200 million total dollars.

It is absurdly stupid to think this caused the problem. Your using a tired well worn bullshit left wing talking point and you are a moron for doing it.

dont eat that  posted on  2010-01-19   20:30:59 ET  Reply   Trace   Private Reply  


#13. To: dont eat that (#8)

Inane pointless ramblings of a leftist with, as usual, no backing.

There are lots of things I disagree about with war, but it is a documented fact that he was on the forefront of predicting much our current economic problems. Your buddy Badeye and most of those Bushbots you had never heard of such as Mudboy Slim who states he actually works as an architect and as such would of been one of the first hit by the building recession, were busy poopoohing any predictions of a sagging economy due to the actions of the Bush administration.

mininggold  posted on  2010-01-19   20:31:32 ET  Reply   Trace   Private Reply  


#14. To: dont eat that (#12)

It is absurdly stupid to think this caused the problem. Your using a tired well worn bullshit left wing talking point and you are a moron for doing it.

You still haven't read the summary have you?

mininggold  posted on  2010-01-19   20:32:59 ET  Reply   Trace   Private Reply  


#15. To: mininggold (#14)

Here's the damn program

http://www.hud.gov/offices/cpd/affordablehousing/programs/home/addi/

$200 million dollars a year for 4 years for closing cost assistance. That's it. No pressure on banks to make loans to people who can't afford payments.

Bullshit anti-Bush propagandizing.

dont eat that  posted on  2010-01-19   20:40:01 ET  Reply   Trace   Private Reply  


#16. To: padlock (#8)

First off, the inane babling is this article which is neitehr sourced nor supported.

Secondly, read the minutes of the FOMC starting with early 2006 on.

Thirdly, chew on this for starters...fourth ...suck on this instead of Boy Blunderfeel free to buck up your own research AND NOT THIS BOY BLUNDER COCK GOBBLING SHIT...

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-19   20:42:22 ET  Reply   Trace   Private Reply  


#17. To: padlock (#15)

$200MM over 4 years was the cause of Boy Blunder's depression?

e BWAHAHAHAHAHAHA...

BWAHAHAHAHAHA...

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-19   20:43:39 ET  Reply   Trace   Private Reply  


#18. To: war (#17)

200MM over 4 years was the cause of Boy Blunder's depression?

e BWAHAHAHAHAHAHA...

BWAHAHAHAHAHA...

The economy must have been in much worse shape than I thought. lol

mininggold  posted on  2010-01-19   20:47:39 ET  Reply   Trace   Private Reply  


#19. To: mininggold, dont eat that (#13)

predictions of a sagging economy

The sag started with the election of a liberal congress and accelerated with the election of an incompetent Illinois US Senator as POTUS! Nearly 70 million fookin morons cast their votes for Barry!

Sneakypete, have you ever been married? Said things you later regretted?

Ibluafartsky  posted on  2010-01-19   20:47:51 ET  (1 image) Reply   Trace   Private Reply  


#20. To: mininggold (#13)

It's a documented fact that in October of 2007 as I was predicting that we were on the precipice, Gomer and Oogs were STILL laughing that I was being Dr. Doom and Gloom...

#20. To: war (#17)

The housing market is in the crapper. it's not a desire at this point, if it ever was, it's reality.

BTW, the housing markt was is worse condition in the early-mid '80s.

domer posted on 2007-10-25 11:28:11 ET Reply Trace

#34. To: war (#31)

The housing market was even worse in the 1930's than in the early mid-80's.

Right. And the bubbleheads expect this market to be worse than either. They think that the current declines are just barely the start of it.

Pointing out that it's a significant decline but nothing close to what they bubbleheads have been yelling about for two years now... is not irrelevant.

IMstillRight posted on 2007-10-25 11:42:39 ET Reply Trace

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-19   20:48:46 ET  Reply   Trace   Private Reply  


#21. To: mininggold (#18)

Niggering it up can be passed off as being an asshole but padlock says things that are just so fucking stupid...

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-19   20:49:53 ET  Reply   Trace   Private Reply  


#22. To: Ibluafartsky (#19)

The sag started with the election of a liberal congress and accelerated with the election of an incompetent Illinois US Senator as POTUS! Nearly 70 million fookin morons cast their votes for Barry!

Then why did Bill Frist and Trent Lott let liberal Congress members from the opposition party head key committees under their chairmanship during the Bush administration's tenure.

mininggold  posted on  2010-01-19   20:52:55 ET  Reply   Trace   Private Reply  


#23. To: war (#16)

http://imf.org/external/pubs/ft/fandd/2007/12/dodd.htm

actually makes the case as I said that the housng lending was the root of the problem

http://www.minneapolisfed.org/publications_papers/pub_display.cfm?id=4136

wants to make the case that CRA wasn't the problem. Well no, it wasn't the immediate problem, but these things tend to mestatasize, and banks weren't really worried about the niggers defaulting on their mortgages in the mid-2000's because they believed they could easily recover their money through housing price appreciation. And GSEs were continuing to back these mortgages hand over fist despite Bush's warnings.

dont eat that  posted on  2010-01-19   20:53:30 ET  Reply   Trace   Private Reply  


#24. To: mininggold (#13)

This poster posts at LP...he has been...happy fun ball...long nosed gar...sardine sandwich and padlock..he posts there now as fifty yard line...

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-19   20:53:50 ET  Reply   Trace   Private Reply  


#25. To: war (#17)

$200MM over 4 years was the cause of Boy Blunder's depression?

Of course, it wasn't the cause of the HNIC depression.

What's your point?

dont eat that  posted on  2010-01-19   20:55:12 ET  Reply   Trace   Private Reply  


#26. To: mininggold (#22)

Then why did Bill Frist and Trent Lott let liberal Congress members from the opposition party head key committees under their chairmanship during the Bush administration's tenure.

RINOS have always attempted to be the good guys and compromise with the fookin snake liberals. When conservatives are elected, they need to do to liberals just as liberals have always done to conservatives.....delegate them to the basement, shut and lock the door. Then piss on the vermin!

Sneakypete, have you ever been married? Said things you later regretted?

Ibluafartsky  posted on  2010-01-19   20:58:01 ET  (1 image) Reply   Trace   Private Reply  


#27. To: dont eat that (#23)

Well no, it wasn't the immediate problem, but these things tend to mestatasize, and banks weren't really worried about the niggers defaulting on their mortgages in the mid-2000's because they believed they could easily recover their money through housing price appreciation. And GSEs were continuing to back these mortgages hand over fist despite Bush's warnings.

Illegals were also getting mortgages and ended up defaulting in even greater numbers.

mininggold  posted on  2010-01-19   20:58:42 ET  Reply   Trace   Private Reply  


#28. To: dont eat that (#23)

Your analysis is wrong and wholly unsupported by anything to which you have referred. And Boy Blunder was jawboning the GSE's to get more involved in bank subprime...which was a moot point by that time because banks had already cut back on their mortgage lending...Boy Blunder's issue with the GSE's had nothing to do with sub prime financing and everything to do with their capital ratios...which, as we saw over the last two years, would not have made a difference had thety been 5 x's what they were...

But again, bank sub prime lending had zipola to do with the financial crisis. It was their purchasing of private label finance company securities which put the banks in distress.

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-19   20:59:32 ET  Reply   Trace   Private Reply  


#29. To: padlock (#25)

That your point was stupid.

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-19   21:00:05 ET  Reply   Trace   Private Reply  


#30. To: Ibluafartsky (#26)

RINOS have always attempted to be the good guys and compromise with the fookin snake liberals. When conservatives are elected, they need to do to liberals just as liberals have always done to conservatives.....delegate them to the basement, shut and lock the door. Then piss on the vermin!

Oh come on..... the whole era was about holding hands across the aisle and still is. McCain is that poster child.

mininggold  posted on  2010-01-19   21:01:42 ET  Reply   Trace   Private Reply  


#31. To: war (#29)

That wasn't the point I made.

Sober up and come back.

dont eat that  posted on  2010-01-19   21:03:16 ET  Reply   Trace   Private Reply  


#32. To: mininggold (#30)

McCain is that poster child.

McCain isn't a conservative! Reread what I posted about RINOS!

Sneakypete, have you ever been married? Said things you later regretted?

Ibluafartsky  posted on  2010-01-19   21:03:36 ET  Reply   Trace   Private Reply  


#33. To: dont eat that (#0)

The irony of this particular thread is 'war' didn't have a job under Clinton, Bush, or to date Obama. Think about it. we'e paying for this idiot to post online. For over a decade...

Badeye  posted on  2010-01-19   21:05:05 ET  Reply   Trace   Private Reply  


#34. To: war (#28)

Without the Subprime problem, the overall financial crisis doesn't happen. There's no getting around that and Bush warned about it for at least 6 years.

BTW, Obama's Commie Cunt Coakley is going down and it won't even be close enough for your beloveds Dims to try and steal.

dont eat that  posted on  2010-01-19   21:07:36 ET  Reply   Trace   Private Reply  


#35. To: Ibluafartsky (#32)

McCain isn't a conservative! Reread what I posted about RINOS!

Are you saying that the only contender that the pubbies could offer up to be the best their hope for president would be a RINO? You are just too funny.

mininggold  posted on  2010-01-19   21:13:31 ET  Reply   Trace   Private Reply  


#36. To: dont eat that (#34)

Without the Subprime problem, the overall financial crisis doesn't happen.

WRONG. Subprime was NOT the problem. Bundling them and then using them as LEVERAGE was the problem. Until you understand that basic fact you will remain the clueless Ass Monkey bait that you really fear that you are...

I challenge you to post any speech of Boy Blunder's in which he warned of the perils of sub prime lending PRIOR to the financial crisis.

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-19   21:15:31 ET  Reply   Trace   Private Reply  


#37. To: Badeye (#33)

The irony of this particular thread is 'war' didn't have a job under Clinton, Bush, or to date Obama. Think about it. we'e paying for this idiot to post online. For over a decade...

And what's your excuse..... as "owner" of a security company that gives out names and addresses of posters on the internet? lol

mininggold  posted on  2010-01-19   21:16:05 ET  Reply   Trace   Private Reply  


#38. To: padlock (#31)

How do you know what point I was referring to Ass Monkey?

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-19   21:16:14 ET  Reply   Trace   Private Reply  


#39. To: mininggold (#35)

Are you saying that the only contender that the pubbies could offer up to be the best their hope for

Stay out of the fookin drug cabinet!

Sneakypete, have you ever been married? Said things you later regretted?

Ibluafartsky  posted on  2010-01-19   21:16:55 ET  (1 image) Reply   Trace   Private Reply  


#40. To: war (#36)

Bundling them and then using them as LEVERAGE was the problem

And without the existence of these horrible investment instruments to be bundled and sold as solid goods, the problem wouldn't have existed.

dont eat that  posted on  2010-01-19   21:19:48 ET  Reply   Trace   Private Reply  


#41. To: Ibluafartsky (#39)

Stay out of the fookin drug cabinet!

Make up your mind. Was McCain the leading contender and winner in the primaries for the Republican party or not?

You are showing typical yucky behavior by stealing lies from liberator.

mininggold  posted on  2010-01-19   21:21:21 ET  Reply   Trace   Private Reply  


#42. To: mininggold (#41)

Was McCain the leading contender and winner in the primaries for the Republican party or not?

Coherent again? What a dumb fookin question! Were you conscious during the last election?

Sneakypete, have you ever been married? Said things you later regretted?

Ibluafartsky  posted on  2010-01-19   21:25:07 ET  Reply   Trace   Private Reply  


#43. To: mininggold (#37)

I'd laugh but I like my FICO @ 810...he's a lit fucking rocket that is guaranteed to go off...that's all I'll say...

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-19   21:29:22 ET  Reply   Trace   Private Reply  


#44. To: dont eat that (#40)

The bundling was of private label non bank mortgages. It's what Boy Blunder - your hero - allowed to go on in escalating fashion all throughout his "presidency:...

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-19   21:31:16 ET  Reply   Trace   Private Reply  


#45. To: Ibluafartsky, sneakypete (#39)

Sneakypete, have you ever been married? Said things you later regretted?

Do you have a crush on sneakypete? Your tag line suggests you are asking him to marry you after you two had a lover's spat.

mininggold  posted on  2010-01-19   21:52:50 ET  Reply   Trace   Private Reply  


#46. To: mininggold (#45)

Do you have a crush on sneakypete?

Back to incoherent. You should seek help for your mental problems.

Sneakypete, have you ever been married? Said things you later regretted?

Ibluafartsky  posted on  2010-01-19   21:57:36 ET  Reply   Trace   Private Reply  


#47. To: Ibluafartsky (#46)

Back to incoherent.

I prefer spelling it incoherant.

mininggold  posted on  2010-01-19   21:59:33 ET  Reply   Trace   Private Reply  


#48. To: mininggold (#47)

I prefer spelling it incoherant.

You prefer spelling it wrong?

http://www.merriam-webster.com/dictionary/Incoherent

dont eat that  posted on  2010-01-19   22:06:23 ET  Reply   Trace   Private Reply  


#49. To: Ibluafartsky (#46)

Back to incoherent. You should seek help for your mental problems.

I see the trashbag drunken struck stop "date" whininslut has sobered up enough to stink this site up.......are all the low wattage floorlickers booted off of the other sites going to congregate here now or what???...:):):)

Death to everybody who does not get outta my way.

e_type_jag  posted on  2010-01-19   22:08:41 ET  Reply   Trace   Private Reply  


#50. To: dont eat that, mininggold (#48)

You prefer spelling it wrong?

It's that mental illness/drug problem!

Sneakypete, have you ever been married? Said things you later regretted?

Ibluafartsky  posted on  2010-01-19   22:09:08 ET  Reply   Trace   Private Reply  


#51. To: e_type_jag (#49)

I see the trashbag drunken struck stop "date" whininslut has sobered up enough to stink this site up.......are all the low wattage floorlickers booted off of the other sites going to congregate here now or what???...:):):)

It certainly appears that way. Good thing Stone doesn't require an entrance exam!

Sneakypete, have you ever been married? Said things you later regretted?

Ibluafartsky  posted on  2010-01-19   22:11:50 ET  Reply   Trace   Private Reply  


#52. To: Ibluafartsky (#50)

Sneakypete, have you ever been married? Said things you later regretted?

Why are you begging sneaky's forgiveness?

mininggold  posted on  2010-01-19   22:12:43 ET  Reply   Trace   Private Reply  


#53. To: e_type_jag (#49)

Padlock is here too

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-19   22:12:59 ET  Reply   Trace   Private Reply  


#54. To: e_type_jag (#49)

When are you going to stop impersonating cops?

mininggold  posted on  2010-01-19   22:14:44 ET  Reply   Trace   Private Reply  


#55. To: mininggold (#52)

Why are you begging sneaky's forgiveness?

Why are you incoherent so frequently?

Sneakypete, have you ever been married? Said things you later regretted?

Ibluafartsky  posted on  2010-01-19   22:16:14 ET  (1 image) Reply   Trace   Private Reply  


#56. To: Ibluafartsky (#55)

Sneakypete, have you ever been married? Said things you later regretted?

I hope you two get things settled between you. When's the big date?

mininggold  posted on  2010-01-19   22:18:00 ET  Reply   Trace   Private Reply  


#57. To: mininggold (#54)

When are you going to stop impersonating cops?

When are you going to stop impersonating homo sapiens sapiens? Why have you been bounced from so many forums?

Sneakypete, have you ever been married? Said things you later regretted?

Ibluafartsky  posted on  2010-01-19   22:19:21 ET  (1 image) Reply   Trace   Private Reply  


#58. To: mininggold (#56)

One thing fer shore...we know thet sneaky HAS to be the top...

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-19   22:19:29 ET  Reply   Trace   Private Reply  


#59. To: Ibluafartsky (#57)

Another RINO got elected tonight. Here's your opportunity to put your money where your mouth is.

mininggold  posted on  2010-01-19   22:21:04 ET  Reply   Trace   Private Reply  


#60. To: mininggold (#56)

I hope you two get things settled between you.

I'll bet you do! Are your fantasies drug induced or just the result of genetic manifestations?

Sneakypete, have you ever been married? Said things you later regretted?

Ibluafartsky  posted on  2010-01-19   22:21:49 ET  (1 image) Reply   Trace   Private Reply  


#61. To: Ibluafartsky (#57)

Why have you been bounced from so many forums?

You tell me. How many have I been bounced from? As many as Badeye? lololol

mininggold  posted on  2010-01-19   22:23:03 ET  Reply   Trace   Private Reply  


#62. To: mininggold (#59)

Another RINO got elected tonight.

Another leftist slut bit the dust! I'll accept it with magnanimity.

Sneakypete, have you ever been married? Said things you later regretted?

Ibluafartsky  posted on  2010-01-19   22:25:04 ET  (1 image) Reply   Trace   Private Reply  


#63. To: Ibluafartsky (#62)

Another leftist slut bit the dust! I'll accept it with magnanimity.

You said today what you have in store for RINOs or is it just more your typical cheap talk?

mininggold  posted on  2010-01-19   22:26:48 ET  Reply   Trace   Private Reply  


#64. To: mininggold (#54)

When are you going to stop impersonating cops?

Right after you stop impersonating a fascist bootlicking dimTARD drunken truck stop whore.

Let me know when that occurs ok?

I have only 5 people that have faggotly/earmuffed/bozoed me....

Make it 6....I don't need to see your responses to my ridiculing of you here either. I don't do it for your eyes, bitch.

Pig.

Death to everybody who does not get outta my way.

e_type_jag  posted on  2010-01-19   22:27:35 ET  Reply   Trace   Private Reply  


#65. To: e_type_jag (#64)

Did you ever learn those Penal codes? That was sooo funny. A "cop" who didn't know the basic penal codes.

mininggold  posted on  2010-01-19   22:30:29 ET  Reply   Trace   Private Reply  


#66. To: war (#53)

Padlock is here too

Well whatever...I don't keep up I suppose as unlike you I have more than one place to post/view......padlock is not my "bud" war.......

Death to everybody who does not get outta my way.

e_type_jag  posted on  2010-01-19   22:33:23 ET  Reply   Trace   Private Reply  


#67. To: mininggold (#63)

You said today what you have in store for RINOs or is it just more your typical cheap talk?

Are you Mexican?

Sneakypete, have you ever been married? Said things you later regretted?

Ibluafartsky  posted on  2010-01-19   22:34:23 ET  (1 image) Reply   Trace   Private Reply  


#68. To: mininggold (#65)

Did you ever learn those Penal codes?

Well how's about you recite whatever you've been charged with and try me out?

Just keep it to the past 2 years as I won't have all night......IOW don't list your recurring convictions ok?

Death to everybody who does not get outta my way.

e_type_jag  posted on  2010-01-19   22:35:50 ET  Reply   Trace   Private Reply  


#69. To: e_type_jag, HAG (#64)

LOL!

Is that any way to treat the retarded drunken neo-nazi HAG who lives off of the gooberment tit?

Why YES, as a matter of fact, it is!

Hey HAG did you call to congratulate SENATOR ELECT Brown yet?

LOL!

Esse Quam Videri.

Mad Dog  posted on  2010-01-19   22:36:38 ET  Reply   Trace   Private Reply  


#70. To: war (#53)

How's about them Mass voters huh?

Chuckles......NY-23 redux.

Death to everybody who does not get outta my way.

e_type_jag  posted on  2010-01-19   22:37:42 ET  Reply   Trace   Private Reply  


#71. To: Mad Dog (#69)

Hey HAG did you call to congratulate SENATOR ELECT Brown yet?

Give her some time to come up to speed on what's been happening since her parole.

She'll give him a call after she gets enough truck stop turnover $$ to buy one of those cheap 7-11 cell phones to dial him up on.....at her going rate that may take a week or more of 10-a-days.

Death to everybody who does not get outta my way.

e_type_jag  posted on  2010-01-19   22:40:52 ET  Reply   Trace   Private Reply  


#72. To: e_type_jag (#71)

LOL!

Makes sense.

Esse Quam Videri.

Mad Dog  posted on  2010-01-19   22:43:26 ET  Reply   Trace   Private Reply  


#73. To: e_type_jag (#68)

Well how's about you recite whatever you've been charged with and try me out?

Honey... unlike you I could work at any forensic facility tomorrow if I wanted to. My prints are clean.

mininggold  posted on  2010-01-19   22:49:02 ET  Reply   Trace   Private Reply  


#74. To: Mad Dog (#72)

To: e_type_jag

LOL!

Makes sense.

What funniest is when they get so worked up they can't bear to see the eviscerating verbal surgery we perform on them.

Some of them like 2 sentence fredjerx, public stall denizen dick tanner and whinyskank really are not worth argumentative surgical discourse with....better just to drive them away and make fun of them.

Death to everybody who does not get outta my way.

e_type_jag  posted on  2010-01-19   22:52:50 ET  Reply   Trace   Private Reply  


#75. To: e_type_jag (#71)

Why, is that the heart throb of the working girls from Valley Jo you are posting too? The King of Mare Island? (Don't tell fartsky).

mininggold  posted on  2010-01-19   22:54:28 ET  Reply   Trace   Private Reply  


#76. To: e_type_jag (#74)

LOL!

They are all just a bunch whiny obammybot pussies.

They pee their tutus when people treat them the way that they treat people , then they go crying to mommy, (site owner or admin).

Some of them like pony tail spandex boy and HAG are owners of "depreciating assests" and they just can't deal with that.

If LP didn't exist what would these losers talk about?

They bore even themselves with their brain dead PC libTURD drivel.

LOL!

Esse Quam Videri.

Mad Dog  posted on  2010-01-19   23:03:31 ET  Reply   Trace   Private Reply  


#77. To: mininggold (#73)

Honey...

Darlin, don't get too "truck stop" in the vernacular....I'm not interested in what you sell.

Forensic facility?? btw.... is that what you call the floor of a Peterbuilt?....or are you referring to the puddles around you after a day's work?

Skank....:):)....honestly.....you won't win this.....just do the bozo/earmuffs and don't look at it as a defeat......some people just lack the horsepower to keep up.

I'll not let up and I don't debate a shill like you anymore than I value the opinion or responses from a block of cement.

You are that block ya dumb convict.

Death to everybody who does not get outta my way.

e_type_jag  posted on  2010-01-19   23:05:25 ET  Reply   Trace   Private Reply  


#78. To: Mad Dog (#76)

I'll have this ditz as number 6 by tomorrow....unless she grew a set of stainless steel ears to go along with the cement in her skull:)

Always bet on Black.

Death to everybody who does not get outta my way.

e_type_jag  posted on  2010-01-19   23:08:52 ET  Reply   Trace   Private Reply  


#79. To: mininggold, Ibluafartsky (#45)

Sneakypete, have you ever been married? Said things you later regretted?

Do you have a crush on sneakypete? Your tag line suggests you are asking him to marry you after you two had a lover's spat.

Yukon thinks he's being clever by quoting a question asked of me like I quote Palin's response to questions asked of her. He's in LUV with Palin and it drives him nuts when he sees somebody that doesn't share his blind obsession.

"I adore John McCain, support him 100 percent and will do everything I can to support his reelection. As everyone knows, I was honored and proud to run with him. And Todd and I were with him in D.C. just a week ago." (Sarah Palin,Dec 2009) ************************************ DID Palin say or write these things or not? (Me) I don't know or F ing care. (Mad Dog posted on 2009-12-26 16:36:33 ET,post # 105 http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=5510&Disp=114#C114)

sneakypete  posted on  2010-01-20   0:13:23 ET  Reply   Trace   Private Reply  


#80. To: sneakypete (#79)

I like your Palin quote tag-line.

I appreciate the explanation. Yukky is honoring you even if he doesn't realize it.

Fred Mertz  posted on  2010-01-20   0:17:20 ET  Reply   Trace   Private Reply  


#81. To: sneakypete (#79)

Yukon thinks

That is evident. It is also evident that you don't, won't or can't. Does yukon kick your ass all over the internet? He seems to drive you people crazy!

Sneakypete, have you ever been married? Said things you later regretted?

Ibluafartsky  posted on  2010-01-20   0:18:02 ET  Reply   Trace   Private Reply  


#82. To: e_type_jag, Gilbey's Gal (#77)

Honey...

Darlin, don't get too "truck stop" in the vernacular....I'm not interested in what you sell.

Forensic facility?? btw.... is that what you call the floor of a Peterbuilt?....or are you referring to the puddles around you after a day's work?

Skank....:):)....honestly.....you won't win this.....just do the bozo/earmuffs and don't look at it as a defeat......some people just lack the horsepower to keep up.

I'll not let up and I don't debate a shill like you anymore than I value the opinion or responses from a block of cement.

You are that block ya dumb convict.

(tearing from laughter)

Liberator  posted on  2010-01-20   2:29:38 ET  Reply   Trace   Private Reply  


#83. To: e_type_jag (#64)

LMAO

(Is that wrong?)

Sheeeeeet....8^D

Liberator  posted on  2010-01-20   2:32:35 ET  Reply   Trace   Private Reply  


#84. To: Liberator (#82)

I'll not let up and I don't debate a shill like you anymore than I value the opinion or responses from a block of cement.

After re reading that it makes me chuckle too:)

That was the post that drove the hi mileage "human" truck stop mattress to my latest earmuffing/bozo badge of honor. I also think I picked up war since he is close to suicidal at being on the wrong end yet again.....plus the verbal bratdowns and punk'd postings I've sent his way.....:)

I now have 7 of these pieces of filth driven into the "I can't bear the abuse of the Jag" closet:)

7 could be the record here on LF.

Death to everybody who does not get outta my way.

e_type_jag  posted on  2010-01-20   3:18:31 ET  Reply   Trace   Private Reply  


#85. To: e_type_jag (#84)

That was the post that drove the hi mileage "human" truck stop mattress to my latest earmuffing/bozo badge of honor.

I also think I picked up war since he is close to suicidal at being on the wrong end yet again.....plus the verbal bratdowns and punk'd postings I've sent his way.....:)

Still rofl...

I now have 7 of these pieces of filth driven into the "I can't bear the abuse of the Jag" closet:)

"I can't bear the abuse of the Jag" closet:)" LOL - but dayum? Who'll be left to rag on? 7 LF pelts...

How's the tally at LP? I'm at 14.

Liberator  posted on  2010-01-20   3:28:08 ET  Reply   Trace   Private Reply  


#86. To: Liberator (#85)

I've only racked up 5 at LP.....one of them is the chick goes by the name of war who can't show her face there anymore....so I guess the number is really 4.

Death to everybody who does not get outta my way.

e_type_jag  posted on  2010-01-20   3:55:39 ET  Reply   Trace   Private Reply  


#87. To: padlock (#40)

And without the existence of these horrible investment instruments to be bundled and sold as solid goods, the problem wouldn't have existed.

How do you explain the car industry and the commercial real estate market?

You're wrong at every turn, Puddin' Pop...

It was over leverage of asset securitzation across a broadband of markets...

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-20   7:47:00 ET  Reply   Trace   Private Reply  


#88. To: e_type_jag (#66)

Sure he is...so what if he has that "nigger" thing going? You're BOTH republicans...

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-20   7:59:41 ET  Reply   Trace   Private Reply  


#89. To: e_type_jag (#70)

How's about them Mass voters huh?

You mean the one's that already have Universal health care with pro-choice Brown's support?

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-20   8:00:35 ET  Reply   Trace   Private Reply  


#90. To: e_type_jag (#74) (Edited)

What funniest is when they get so worked up they can't bear to see the eviscerating verbal surgery we perform on them.

No..."what funniest is" you thinking that made sense outside of Watts...

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-20   8:15:32 ET  Reply   Trace   Private Reply  


#91. To: Ibluafartsky (#81)

. Does yukon kick your ass all over the internet?

Uhhhhh,no.

He seems to drive you people crazy!

It's always frustrating having to deal with a fool. Talking sense to your alter ego is the equivalent of trying to teach a mule how to tapdance.

Don't worry,we all understand why you have trouble understanding this.

"I adore John McCain, support him 100 percent and will do everything I can to support his reelection. As everyone knows, I was honored and proud to run with him. And Todd and I were with him in D.C. just a week ago." (Sarah Palin,Dec 2009) ************************************ DID Palin say or write these things or not? (Me) I don't know or F ing care. (Mad Dog posted on 2009-12-26 16:36:33 ET,post # 105 http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=5510&Disp=114#C114)

sneakypete  posted on  2010-01-20   8:25:17 ET  Reply   Trace   Private Reply  


#92. To: e_type_jag, Liberator (#84)

You're a legend in your own mind lol. You are bozo'd because you aren't worth the trouble to read. You are a retard with nothing to say.

Now get back to circle jerking with Luberator.

Biff Tannen  posted on  2010-01-20   8:32:11 ET  Reply   Trace   Private Reply  


#93. To: e_type_jag (#84)

7 could be the record here on LF.

I'm at 10 but I've been here longer...good luck with being an asshole...not that you need it...

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-20   8:39:08 ET  Reply   Trace   Private Reply  


#94. To: mininggold (#37)

1. I don't own a security company.

2. I didn't give out 'names of posters'. I responded 'in kind' to my anti groupies once upon a time at LP, when Sally refused for 18 months to put a stop to that bullshit.

If you want to play, kid, get your facts straight, or your head out of your arse.

Badeye  posted on  2010-01-20   9:44:41 ET  Reply   Trace   Private Reply  


#95. To: e_type_jag (#86)

've only racked up 5 at LP.....one of them is the chick goes by the name of war who can't show her face there anymore....so I guess the number is really 4.

You're a forum chicken but then everyone already knows that. But heh.... you've still got the liberator to tell your sob stories to.

mininggold  posted on  2010-01-20   12:11:25 ET  Reply   Trace   Private Reply  


#96. To: Badeye (#94)

2. I didn't give out 'names of posters'. I responded 'in kind' to my anti groupies once upon a time at LP, when Sally refused for 18 months to put a stop to that bullshit.

From someone who been posting for years and didn't hear the word Bushbot, you're a hoot. I'm sure you have confused yourself with all your made up stories.

Are all Pubbies so sociopathic?

mininggold  posted on  2010-01-20   12:15:19 ET  Reply   Trace   Private Reply  


#97. To: e_type_jag (#84)

Oops...I lied...I only have 3...congrats on yer "pole" position...

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-20   12:31:23 ET  Reply   Trace   Private Reply  


#98. To: mininggold (#96)

Whatever kid, whatever. Track down Malador, he's brain damaged, and just your speed.

Badeye  posted on  2010-01-20   14:12:13 ET  Reply   Trace   Private Reply  


#99. To: Biff Tannen (#92)

Hey "Biff".

About last night.....BBBBBWWWWWAAAAAHHHHHHHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!!!!!!!!!!

Now piss off and go blow your crew.....again.

Death to everybody who does not get outta my way.

e_type_jag  posted on  2010-01-20   17:52:49 ET  Reply   Trace   Private Reply  


#100. To: war (#97)

Oops...I lied...I only have 3...congrats on yer "pole" position...

Yeah something is up...last night I had 7 and today only 6.

I mentioned to fredjerx I hoped he'd FOAD.....maybe that's it:):):)

About last night........BBBBBBBBBBWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!!!!!!!

..

BBBBBBBBBBWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAA!!!!!!!

Death to everybody who does not get outta my way.

e_type_jag  posted on  2010-01-20   17:55:56 ET  Reply   Trace   Private Reply  


#101. To: war (#89)

You mean the one's that already have Universal health care with pro-choice Brown's support?

Yes.......that's the crew:):)

The crew that gave you and your ilk the election defeat that is just what you hoped for......chuckles.....whirrrrrrrrrrrr......spinnnnnnnnnnnnn.......topppppple.... .....spin............whirrrrrrrrrrr.

This just burns you up to hear the hissing from the 4 flats on barack's express bus to socialist / fascist nirvana.

That and seeing the dead bastard murderering mysoginist racist plantation overlord replaced with a normal non convict philogynist decent guy.

oh....and.........

BBBBWWWWWWWAAAAAAAAHHHHHHHHHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAA!!!!!!

Death to everybody who does not get outta my way.

e_type_jag  posted on  2010-01-20   18:04:53 ET  Reply   Trace   Private Reply  


#102. To: mininggold (#95)

You're a forum chicken

Beats the heck out of being the forum mattress.

Disappear you tooth challenged needle tracked lightweight.....take your abuse from your truck stop overall wearing tricks.

You just dont rank. One a you idiots took me off earmuff/bozo...put me back on and stop posting to me.

Death to everybody who does not get outta my way.

e_type_jag  posted on  2010-01-20   18:11:47 ET  Reply   Trace   Private Reply  


#103. To: e_type_jag (#101) (Edited)

I've voted for one major party candidate for national office in the last 16 years and that was for the House in the last election and it was my neighbor who was running.

Just because you buy into the two party fraud it doesn't mean that I have to. But chew on this: 59-41.

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-20   18:27:29 ET  Reply   Trace   Private Reply  


#104. To: e_type_jag (#102)

Bozo lasted one minute huh? You have absolutely no impulse control do you? Get's you in trouble all the time. No wonder they wouldn't let you be a cop, they couldn't afford the lawsuits.

mininggold  posted on  2010-01-20   18:45:01 ET  Reply   Trace   Private Reply  


#105. To: mininggold, war (#104)

Bozo lasted one minute huh?

??

Huh?

Don't know why I'm bothering with you in noting for clarity I have not bozoed a soul on any forum.

I'd tell you to focus on the words here but that might detract from you finding a usable vein.

war.....this "perceptive" tramp exemplifies your "army".....good luck in the Fall......chuckles:)

Death to everybody who does not get outta my way.

e_type_jag  posted on  2010-01-20   18:53:37 ET  Reply   Trace   Private Reply  


#106. To: e_type_jag (#105) (Edited)

The world will be a better place when you are put in jail with your fellow cop impersonators and other criminals. You can test your "wit" on them.

Maybe they will even let you have conjugal rights with liberator.

LOLOL

mininggold  posted on  2010-01-20   19:03:03 ET  Reply   Trace   Private Reply  


#107. To: mininggold (#106)

The world (for everyone one not driving laong haul trucks) will be a better place when you are not converting oxygen into carbon dioxide.

Death to everybody who does not get outta my way.

e_type_jag  posted on  2010-01-20   19:24:21 ET  Reply   Trace   Private Reply  


#108. To: e_type_jag, mininggold (#102)

Beats the heck out of being the forum mattress.

Disappear you tooth challenged needle tracked lightweight.....take your abuse from your truck stop overall wearing tricks.

Liberator  posted on  2010-01-20   19:25:51 ET  Reply   Trace   Private Reply  


#109. To: Gilbey's Gold (#106)

conjugal rights

Speaking of "conjugal rights," I'm NOT going to mention those forensic specimens you "examine".

Liberator  posted on  2010-01-20   19:32:24 ET  Reply   Trace   Private Reply  


#110. To: Felate-o-rator (#109)

It's time for you to come out of the closet. There is no way in hell that you are not a latent case. You talk about man on man waaaay to much for it to be anything other than your compulsion...

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-20   19:42:15 ET  Reply   Trace   Private Reply  


#111. To: 20 Percent Unemployment (#11)

Aren't you posting to yourself here?

Bickus Dickus  posted on  2010-01-20   19:47:39 ET  Reply   Trace   Private Reply  


#112. To: war (#110)

It's time for you to come out of the closet.

Says the "guy" in the ponytail, dangling hoop earrings, and Spandex outfit who just happens to make habit of announcing at an anonymous website exactly where he works.

Uh-huh.

Liberator  posted on  2010-01-20   20:02:07 ET  Reply   Trace   Private Reply  


#113. To: Felate-o-rator (#112)

The fact that you fantasize about that - and embellish it as I don't wear earrings or earring for that matter - as being a man being alluring says it all, Ass Monkey.

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-20   20:11:23 ET  Reply   Trace   Private Reply  


#114. To: Auntie Spandex (#113)

I don't wear earrings or earring for that matter...

Thank you for that very special fashion announcement, Auntie Spandex.

Liberator  posted on  2010-01-20   20:23:54 ET  Reply   Trace   Private Reply  


#115. To: Liberator (#114) (Edited)

Thank you for that very special fashion announcement

Awww...poor little Pole Smoker...did I ruin the moment?

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-20   20:29:30 ET  Reply   Trace   Private Reply  


#116. To: Liberator (#109)

I was just trying to play matchmaker..... you two would make such a compatable couple. A cop impersonator and a Christian impersonator, a match made in heaven.

mininggold  posted on  2010-01-20   20:33:01 ET  Reply   Trace   Private Reply  


#117. To: mininggold (#116)

I was just trying to play matchmaker

What's going on here whining?

Are you offering to play matchmaker without collecting the customary 10 dollars you collect from your string of truck stop tricks?

You might want to consider not swallowing the condoms all the time as it seems the latex is clogging your airway and starving your remaining 600 brain cells.

Death to everybody who does not get outta my way.

e_type_jag  posted on  2010-01-20   22:38:27 ET  Reply   Trace   Private Reply  


#118. To: e_type_jag (#117)

But I'm the one who devolves debate...or is this where that extra 10 points on any civil service exam go?

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-21   8:11:54 ET  Reply   Trace   Private Reply  


#119. To: Badeye (#94)

I bet you regret your on-line bragging now. Especially that fishlips picture!

Biff Tannen  posted on  2010-01-21   8:16:49 ET  Reply   Trace   Private Reply  


#120. To: Biff Tannen (#119)

I bet you regret your on-line bragging now. Especially that fishlips picture!

Chuckles...he's STILL whining about Goldi banning his ass at LP for gleaning then revealing personal information? Geezus fuck badeye move the fuck on already...that was how many years ago?

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-21   8:28:04 ET  Reply   Trace   Private Reply  


#121. To: war (#120)

He reads LP every day hoping to find a post that mentions him.

Biff Tannen  posted on  2010-01-21   8:46:29 ET  Reply   Trace   Private Reply  


#122. To: Biff Tannen (#121)

I took him off bozo for a minute to read how he had responded to you. Not only is he still whining he's still in denial. For him to claim that he was only responding in kind reveals him for the patholgical liar most of us know him to be.

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-21   8:51:30 ET  Reply   Trace   Private Reply  


#123. To: war (#122)

Supposedly he has ways to find out info on people, running checks on prospective hires for companies, I think.

He's got maladork's mom calling his office and to him responding in kind is to do illegal background checks on people.

What a fuckhead.

Biff Tannen  posted on  2010-01-21   9:11:20 ET  Reply   Trace   Private Reply  


#124. To: Biff Tannen (#123)

Chyea..."supposedly" all right...it's what his "business" is...his ass should have been banned for what he did to malodor. Badeye is a lit rocket...highly unstable and since he has demonstrated that he is still so highly hung up on Goldi's rejection it's just best to ignore him until he works out his issues - which by all appearances will be never - because he's doomed to repeat the same bullshit...look at how he refers to Goldi...he uses her name...talk about self- indicting...

My advice is that while he is around avail yourself of a good credit protection service...

No Stems No Seeds That You Don't Need...

war  posted on  2010-01-21   9:19:37 ET  Reply   Trace   Private Reply  


#125. To: Biff Tannen (#119)

That you think speaking factually about my life is 'bragging' just tells me how pathetic yours must be. I feel sorry for you, and others like you.

Badeye  posted on  2010-01-21   9:21:20 ET  Reply   Trace   Private Reply  


#126. To: war (#120)

No whining here. As I've noted for three years, I'm glad I got away from Stormfront lite years ago.

Badeye  posted on  2010-01-21   9:22:10 ET  Reply   Trace   Private Reply  


#127. To: Biff Tannen (#123)

Supposedly he has ways to find out info on people, running checks on prospective hires for companies, I think.

He's got maladork's mom calling his office and to him responding in kind is to do illegal background checks on people.

What a fuckhead.

I've never even tried to discover who's behind various screen names, thats just war trying to explain away how so many of us discovered he's the fraud of New York City...actually long island.

Second, that goofy beeyatch claims she isn't maladorks mommy. She called my office years ago claiming to be a company in need of employment screening, which my various organizations don't do.

Third, there is no such thing as a 'illegal background check' dumbass. Public Records are PUBLIC RECORDS, you moron...(laughing)

Badeye  posted on  2010-01-21   9:25:08 ET  Reply   Trace   Private Reply  


#128. To: Liberator (#112)

So close to the reality, its staggering.

Badeye  posted on  2010-01-21   9:25:59 ET  Reply   Trace   Private Reply  


#129. To: sneakypete (#91)

It's always frustrating having to deal with a fool.

It appears you have yet to conquer that inner devil.

Sneakypete, have you ever been married? Said things you later regretted?

Ibluafartsky  posted on  2010-01-22   15:33:03 ET  Reply   Trace   Private Reply  


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