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Originally Posted by zimmy
Jim, you definitely aren't on my ignore list. You have not done anything that would make me ignore you. I enjoy reasonable discussions. Your math ignored a significant part of revenue. I pointed that out. I am not sure why you keep bringing it up. Another part you are missing is I started in this discussion saying we need both cuts and the tax rate we had in the 90's. Republic and tea parties would never go for that. They cry and cry about being held back by liberal spending, but they won't budge on tax rates for upper incomes.
By the way, you are fairly misinformed (or make incorrect assumptions?) about the housing market. It wasn't liberals pushing poor people who couldn't afford houses into buying them that caused the bubble. It was a combination of banks and underwriters looking to make money off of people by getting them mortgages even if they were very risky and people looking to make money off of houses. A huge percentage of foreclosures came from people trying to flip homes. Another large percent was people who took jumbo type loans and couldn't afford them. Learn the facts before you spout off about blacks being held down by liberals or liberals pushing poor people into getting houses they couldn't afford. As much as I enjoy the discussion, I am bored with it at this point.
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Zimmy I'm relieved to hear that, sincerely!
Zimmy, yuo posted earlier that there's evidence to suggest that a substantial element of the Tea Party is racist. That's a hell of a thing to say. I asked you to support that, and you didn't respond. I'm waiting patiently...
"A huge percentage of foreclosures came from people trying to flip homes. Another large percent was people who took jumbo type loans and couldn't afford them"
Right, and those would be called "subprime" mortgages. Any mortgage given to someone who can't afford it is subprime...that doesn't mean poor, it means unable to pay it back, which can be very different from poor. And our local lib, Barney Frank, had a lot to do with that, and he has not been held accountable for his huge role in this mess. Instead, he blames Bush, and gets re-elected...
"It wasn't liberals pushing poor people who couldn't afford houses into buying them that caused the bubble. It was a combination of banks and underwriters "
Sure Zimmy. It was that evil thing called "business" that's to blame. Big, bad, busines that's out to get us all! No liberals pressured banks to extend homeownership to poor people, that's what you're saying? By the way, since many banks almost went bankrupt because of the subprime mess, I can only wonder what their incentive was to issue those loans. Is it good for banks to issue loans to folks who can't pay them back?
"Learn the facts before you spout off about blacks being held down by liberals or liberals pushing poor people into getting houses they couldn't afford."
I haven't said a single thing that's factually incorrect. You may offer a different opinion, that doesn't mean I'm factually incorrect.
One last time, how about that evidence that a substantial portion of the Tea Party is racist? Please either provide that evidence, or admit that you made that up. I love it whan liberals play that card, because it means that I've won the debate, because that card is played to end the debate, not to further it...