Radiance3

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What happened to that bank? I bet it was dissolved. Thousands of banks in 2008-2009 got bankrupt due to the sub-prime mortgage introduced by the democrat party in Congress, to allowing low income people to buy homes. Several millions bought homes after a year, they could not pay the loan. Some of them especially the b****s and minorities got partially bailed out from Mr. Obama's Stimulus Package, but the money given to those people instead of using to buy items to stimulate economy, were used to pay their personal credit card debts.

That was a stupid move by the democrats. That was part of the stimulus money of the people.

HUMAN EVENTS BLOG
New Study Finds Democrats Fully to Blame for Subprime Mortgage Crisis
Jim Hoft | Saturday Dec 22, 2012 10:35 AM
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In his early activist days, Barack Obama the community organizer, sued banks to ease lending practices.
State Sen. Barack Obama and Fr. Michael Pfleger led a protest against the payday loan industry demanding the State of Illinois to regulate loan businesses in January 2000. During his time as a community organizer Barack Obama led several protests against banks to make loans to high risk individuals. (NBC 5 Week of January 3, 2000) Protested to banks were ACORN.

Here’s something that won’t get any play in the liberal media…
A new study by the respected National Bureau of Economic Research found that Democrats are to blame for the subprime mortgage crisis.
Investor’s Business Daily reported:

2005-2006 Congress allowed the loan for low income. Thus, the sub-prime was created until it we lost almost $831 billion.

So come the plunged economy in 2008-2009 due to the Home Mortgage Crisis, a stupid e******y by the democrats in Congress, when dead beats were allowed loans to buy homes.

buffalo Loc: Texas

To answer your first question--It is today one of the most profitable community banks in the State of Texas! I was offered a higher paying position at another bank......

Radiance3

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Good for you. You mentioned you've retired and receiving Social Security. But anyways, what more do you want? Count your blessings. Our economy is booming. Thank you president Trump.

buffalo Loc: Texas

It is not booming for the average and poor worker.

The Tax Cut and Jobs Act is proving to be a boon for the wealthy and big corporations while providing minimal benefits to the average worker. The tax cuts for the average worker amount to $31.00/week while the wealthiest will reap BILLIONS, in other words, the vast majority of the tax cuts will go to the rich.

Trumpy's trade war will hurt the average consumer by causing the price of every product containing steel and aluminum to rise while wages for the average worker are still stagnant.

The stock market does not reflect the real economy. It is a r****d game favoring the wealthy.

Radiance3

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You want Socialism like those countries South of the Border, the Mexico way? They are all running away illegally entering our country.

buffalo Loc: Texas

What is your ideation of the "socialism like those countries south of the border, the Mexico way"? If your ideation is of a top 10% class having all the wealth and the bottom 90% living in extreme poverty, then you might have a good idea of what socialism is really like "south of the border". IF you understood my rants, instead of your fantasy, then you would understand that is EXACTLY the direction the US has been heading for the last 40 years.
The vast majority of the wealth has been steadily amassed by the top 10% wealthy in this country while the bottom 50% has been getting poorer with wage stagnation, inflation, and now the rethuglicans want to cut Social Security, Medicare, Medicaid and food stamps. The very programs that help the elderly and poor stay out of extreme poverty. The middle class is getting poorer and poorer. That is what I am arguing against--the wealth being amassed by the top 10% in this country while the rest, especially the bottom 50% get poorer, just like the socialism south of the border. How long is it going to be before people start running away here or is that why the wealthy keep most of their assets out of this country?

JRumeryjr

Would you expect less from the Donald and his cronies?

buffalo Loc: Texas

Or any other p**********l administration for the last 40 years. Corporate puppets ALL!

Radiance3

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Who run the economy but the top 10%. They provide employment, they pay the taxes. Do you expect the handouts to run the economy?

buffalo Loc: Texas

So, your OK with the wealth ine******y that socialism has brought in "those countries south of the border, the Mexico way" and the socialism that wealth ine******y is bringing to the US? So, your OK with those 10% wealthiest that "provide employment" no matter how little they pay? Because you are DEAD wrong about "who run the economy but the top 10%". The rich do NOT create the jobs, customers do.
http://www.businessinsider.com/rich-people-create-jobs-2013-11 Without the demand provided by a strong middle class earning enough wages to buy the things necessary for their families the economy cannot grow but instead will weaken. The top 10% do NOT run the economy because of their wealth. It is the middle and poor classes, by their shear numbers, that create demand for the majority of goods and services in this country and therefore drives the economy. Without a strong middle class there can be no economic growth.

Consider this, from 1947 to 1979, when the middle class received 54 percent of the nation’s total income on average, the economy grew at a steady clip of 3.7 percent per year. That was 1 percentage point higher than the 2.7 percent rate it grew at from 1980 to 2010, when the middle class was weakening to its current share of only 46 percent. 1% difference in annual growth is a big deal. So the bigger percentage of the US total income the wealthy take the slower economic growth is. THAT is exactly what has been happening over the last 40 years.

It should not be surprising then, that as the rich have pulled away from the middle class, their relative political power has significantly increased compared to the middle class. Which has distorted the political system in the US. The wealthy use their disproportionate power and influence to secure special favors, wasting taxpayer dollars on narrow tax breaks, bank bailouts, special copyright terms, and giveaways of public resources.

"So, if you like the income ine******y of Latin America, you will love a Trump administration"

http://www.univision.com/univision-news/opinion/is-the-united-states-headed-the-way-of-latin-america-in-income-ine******y

"Growth happens when lots of people spend money. In the U.S., for example, the small number of people at the top of the economic ladder can't consume and spend at the rate that the broader population can. And the distribution of income means that there are many more in the bottom 40 percent by income than there are in the top 40 percent by income. Unless a policy addresses lower incomes, and not just official poverty, it won't succeed in helping the economy.

The OECD said that certain types of income redistribution -- specifically, high-value services like good education and healthcare -- increase, and not decrease, economic growth if effectively targeted without inefficiency and waste."

http://www.forbes.com/sites/eriksherman/2014/12/09/income-ine******y-hurts-economic-growth/#23106b1f591a

"Extreme ine******y has increased in Mexico while the economy has stagnated, concentrating almost half of the country's wealth in the hands of its elite 1 percent, according to a new Oxfam report.

According to the report, the wealth of the Mexico's 16 billionaires multiplies five fold each year, while the country's GDP increases by less than 1 percent annually. Mexico is among the top 14 richest countries in the world by GDP, yet over half its population, or 53 million people, live in poverty."

http://www.telesurtv.net/english/news/Mexicos-Extreme-Ine******y-1-Owns-Half-of-Countrys-Wealth-20150625-0034.html

THAT is EXACTLY where the US is headed!

Radiance3

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In a system of government that is democracy, there is no such thing as e******y. The people are given that FREEDOM of life, liberty, and the pursuit of happiness. Therefore in order to achieve the pursuit of happiness, they must study, work hard, and take good care of their health, and their families. Don't do drugs, don't be drunk addicts so that your brains are not damaged. Do you see those thousands of homeless people? There all found in democrat cities and states. E.g.

But the problems we have now are millions are drug addicts, drunk and homeless.
The state and cities with prevalent homelessness are all CONTROLLED by DEMOCRATS especially during the time of Obama.

https://www.statista.com/chart/6949/the-us-cities-with-the-most-homeless-people/

Democrats produce 553,742 homeless and poor people in the US. Here they are:

New York City, NY 76,501
Los Angeles City and Country, CA 55,188
Seattle, King County, WA 11,643
San Diego and county 9,160
District of Columbia , D.C 7,473
San Jose, Santa Clara & county CA 7,394
San Francisco, CA 6,858
Las Vegas/Clark county NV 6,490
Boston, MA 6,135
Philadelphia , PA , 5,693

buffalo Loc: Texas

So, what your saying is, you agree that the growing wealth ine******y is pushing the US ever closer to mirroring the Mexican economy and society where a very few possess all the wealth and income and the rest live in abject poverty while the government does nothing to alleviate their poverty (except encourage the illegal invasion of the US) because the uncaring wealthy 1% also control the government in Mexico? That is basically what your saying, except your trying to blame it on the left arm (dems) of the corporate party when the right arm (repubs) of the corporate party deserves the same amount of blame.

Either that, or you have no idea of what you are blathering about because it was you that said I want "Socialism like those countries South of the Border, the Mexico way". It is YOU that must want that socialism because what has been happening in the US for the last 40 years with the growing wealth ine******y is EXACTLY why Mexico is ruled by the 1% wealthiest and the rest live in poverty.

Radiance3

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I think something is wrong with your brain buffalo. Is it senility? I think you are lying, claiming now that the bank you worked before became very successful. Fact was it was you who said that the bank you were working before got sold, and you took over your father's business since he is getting old. You have so many conflicting stories. And I don't believe in anyone of them. Now, I must rest my case. No more Buffalo please.

buffalo Loc: Texas

Over 17 1/2 years I worked for 3 banks. I have related this before. In 1974 I went to work and worked at that bank for 10 1/2 years. That is the bank that is so profitable today. I left in 1985 for another higher paying position at another bank in the same town. The last bank I worked for was as a Branch Manager and after 4 years the bank sold to a very large holding company in Abilene, First Financial Bankshares.

I do not owe you any explanation and really do not give a s**t what you believe or don't believe. You have convinced me you NOTHING of how things really work, especially the economy from the prospective of working folks.

Radiance3

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There are two kinds of working folks. Those who produce and those who don't.
I like working folks who produce. These are the producers, innovators, and inventors, and factors to our economic growth.
These are the people who roll up their sleeves, ready to produce with honesty and integrity.

That is why we the people must take care of our health, study, learn sk**ls, or get college education and beyond, or until where you could reach, have good morals, take care of our families and children, serve our country, respect our leaders elected by the people, respect God who taught us love and good morals, respect the law enforcement, and obey the laws of the land. Honesty, integrity, hard work, and with high moral values make this country great.

But recent influx of people from various countries selling tons of drugs, want handouts, demand all they wanted for themselves, join gangsters like MS13, join the democrat party attacking the president Trump and his party. They lie and cause violence every where to get their attention. These are the democrats, liberals, Socialists, progressives, c*******ts, Marxists. There are now hundreds of millions of them demanding free everything from the taxpayers.

I am aware you'll never agree with me buffalo, because your thinking is the antithesis of mine.
Now I rest my case. That is it. I am tired of buffalo.