192
   

monitoring Trump and relevant contemporary events

 
 
Blickers
 
  3  
Sat 17 Dec, 2016 11:24 pm
@giujohn,
Quote giujohn's article:
Quote:
Under Bill Clinton and his Democratic Congress, the CRA was reborn and inserted into the very fabric of our financial markets. Yes, some institutions were happy to make money doing CRA loans but they would not have made them if the Clinton Administration hadn’t forced them to in order to get new branches and mergers approved.


That's nice. However, that lengthy post trying to blame the financial meltdown on the Community Reinvestment Act in no way answers the Report by the Federal Reserve Board which says:
Quote:
Did the Community Reinvestment Act (CRA) contribute to foreclosures and the financial crisis? And, is the CRA being reformed?

The Federal Reserve Board has found no connection between CRA and the subprime mortgage problems. In fact, the Board's analysis (102 KB PDF) found that nearly 60 percent of higher-priced loans went to middle- or higher-income borrowers or neighborhoods, which are not the focus of CRA activity. Additionally, about 20 percent of the higher-priced loans that were extended in low- or moderate-income areas, or to low- or moderate-income borrowers, were loans originated by lenders not covered by the CRA. Our analysis found that only six percent of all higher-priced loans were made by CRA-covered lenders to borrowers and neighborhoods targeted by the CRA.

The Federal Reserve Board Report found that Community Reinvestment Act loans-which your quoted post tried to blame for the mortgage crisis-in fact accounted for only 6% of the crisis. The Federal Reserve Board and its report carry far more weight, recognition and prestige than your silly quote. Only a desperate conservative would actually try to counter an official report from the Federal Reserve Board Report with a blog from some conservative rag by someone named "Lucky Jack".
roger
 
  3  
Sat 17 Dec, 2016 11:46 pm
@reasoning logic,
Jeeze. Find something you like and just post it everywhere.
reasoning logic
 
  1  
Sat 17 Dec, 2016 11:47 pm
@roger,
Do you dislike it?
roger
 
  2  
Sat 17 Dec, 2016 11:50 pm
@reasoning logic,
More like tired of the repetition. kind of spamlike.
wmwcjr
 
  -1  
Sun 18 Dec, 2016 12:15 am
@giujohn,
It's giujohn's latest girlfriend! Smile
reasoning logic
 
  0  
Sun 18 Dec, 2016 12:24 am
@roger,
Quote:
More like tired of the repetition. kind of spamlike.


Repetition? You must have seen or heard a lot about interstate crosscheck? Would you care to share your viewpoint about it? Its kind of new to me being I'm uninformed.
0 Replies
 
giujohn
 
  1  
Sun 18 Dec, 2016 12:38 am
@wmwcjr,
wmwcjr wrote:

It's giujohn's latest girlfriend! Smile


There was a time...
0 Replies
 
giujohn
 
  0  
Sun 18 Dec, 2016 12:55 am
@Blickers,
And of course the Federal Reserve board is never political.
0 Replies
 
MontereyJack
 
  2  
Sun 18 Dec, 2016 01:33 am
@reasoning logic,
Quote:

Have you ever studied election fraud?
Yes. I have. Have you?
0 Replies
 
Frugal1
 
  0  
Sun 18 Dec, 2016 06:51 am
@giujohn,
32 days and counting down.
0 Replies
 
blatham
 
  2  
Sun 18 Dec, 2016 07:10 am
@georgeob1,
Quote:
I believe what I wrote about the various group identities and values at the heart of a sizeable fraction of "politically correct" thought and speech is indeed accurate, as is the critique I provided of it. Do you agree?

Not much of it, no. You've bought into the rightwing memes/cliches - the fundamental one being that this is a feature overwhelmingly of the left - and so you don't take the time or effort to think much past that. So you write sentences of this sort:
Quote:
I do understand its contemporary usage by both progressive believers and conservative skeptics.

You say it is a function of "herd mentality" or that it arises from people thinking in terms of groups we belong to or sympathize with rather than the individual, thus that the condemnation of particular speech acts (perhaps like "faggot") are merely instances of un-reflective herd-think. Or perhaps you see it in the condemnation of Limbaugh's use of "slut" or his frequent references to Michelle as having a big ass (like other black women). Though you didn't explicitly say it in the posts on this, I'll wager you also hold that such "sensitivity" is built on a concept (probably false) of "victimization" of groups of people.

Do you know Bill Donohue of the Catholic League? His project is the protection of the Catholic church from negative criticisms. The church, catholics, and christians broadly are being regularly victimized, he says. He's joined by people like O'Reilly (all of Fox, actually) in the yearly complaints about a "war on christmas". Likewise we can look at the offense taken by orthodox Jews and Muslims and Christians by secularism which, they hold, victimizes them all, as group entities.

Or take the condemnations of negative statements on groups of Americans coming from, say, a Canadian. You may have bumped into this one and perhaps taken offense. Perhaps now and again, you or others find offense in things that might be said about conservatives. Or about military members. Or about corporate entities. Or caucasians. Or western culture. Or those who live in "fly over America".

We are social creatures, not merely individuals. We form in groups. We align ourselves within groups. All of us, all of the time.
0 Replies
 
Frugal1
 
  0  
Sun 18 Dec, 2016 07:12 am

For the first time in 8 dark years - America has hope.
0 Replies
 
blatham
 
  3  
Sun 18 Dec, 2016 07:12 am
@tony5732,
Quote:
I mean, I AM here to contest liberal ideas.

A lucky guess on my part then.
blatham
 
  2  
Sun 18 Dec, 2016 07:29 am
Good reporting from the NYT this morning.
Quote:
The Patriot News Agency website popped up in July, soon after it became clear that Donald J. Trump would win the Republican presidential nomination, bearing a logo of a red, white and blue eagle and the motto “Built by patriots, for patriots.”

Tucked away on a corner of the site, next to links for Twitter and YouTube, is a link to another social media platform that most Americans have never heard of: VKontakte, the Russian equivalent of Facebook. It is a clue that Patriot News, like many sites that appeared out of nowhere and pumped out pro-Trump hoaxes tying his opponent Hillary Clinton to Satanism, pedophilia and other conspiracies, is actually run by foreigners based overseas.

But while most of those others seem be the work of young, apolitical opportunists cashing in on a conservative appetite for viral nonsense, operators of Patriot News had an explicitly partisan motivation: getting Mr. Trump elected.
link

Side issue: A big loss for all of us has been the steady reduction of news agencies that maintain foreign bureaus. A big part of the reason for this, as the trends were in place prior to the internet, is the corporate consolidation of news entities and the resulting demands for gains to shareholders. About a decade ago, I was at a christmas dinner party in NY and a friend of my new wife came to sit with me and meet me. She was married to a senior finance exec at the Washington Post. We talked about staff reductions etc and when I told her my understanding was that newspapers tended to average profit margins larger than normal in business, she said that was so. And she concurred that cutbacks were coming due to a warped profit motive.

In Canada, at one point, Conrad Black owned 70% of Canada's newspapers. He boasted of letting go of reporters and hiring on ad people. He was another guy who was a typical bully, launching suits at any instance where he felt his reputation was impugned. He went to jail for financial fraud for quite a few years.
0 Replies
 
blatham
 
  2  
Sun 18 Dec, 2016 07:37 am
Our big winner this month in the category "Propaganda and Landslides"! Let's hear a cheer for the win because it is huge.

Quote:
Trump’s Electoral College Victory
Ranks 46th in 58 Elections

Members of the Electoral College will meet Monday to cast their votes for president. President-elect Donald J. Trump has claimed he won the electoral vote in a “landslide,” but he ranks below most presidents in the electoral vote and popular vote margins.
Thou Shalt Bear No False Witness (no longer operational as godly command)
0 Replies
 
tony5732
 
  2  
Sun 18 Dec, 2016 07:39 am
@blatham,
Well, yeah. I mean why else would anyone be here other than to spread ideas?? To whine one-sided and just have everyone agree with you whether your right or not? If I am wrong about something I love when someone has an intelligent response to how I am wrong and why I should change my opinion.



I am still waiting for you to give me ONE time Obama said anything for a riot victim by the way.


So yeah, I am on this site to contest liberal ideas. Very intelligent observation blatham. If I could ask, why are YOU here?
tony5732
 
  0  
Sun 18 Dec, 2016 07:49 am
@glitterbag,
Of course I don't think conservatives and progressives can agree on anything!! When two sides CAN agree on something than that's a solution, or a really good idea!

Admire is a REALLY strong word.

I'm not trying to dog Blatham at all, I am honestly trying to find a middle ground. Example, Blatham thinks it's a crock of **** to say Obama did nothing about the riots going on in our country. I explained why I think that Obama didn't do anything Now I listen to Blatham and try to understand what Obama DID do to stop the riots.

I don't mean to dog anyone and sincerely apologize if someone is seeing me as doing so.
0 Replies
 
Frugal1
 
  0  
Sun 18 Dec, 2016 07:52 am
Goodie.

http://thefederalist.com/2016/12/14/inside-donald-trumps-secret-ayn-rand-conspiracy/
0 Replies
 
blatham
 
  2  
Sun 18 Dec, 2016 08:02 am
WP op ed by Michael Mann

Quote:
My Penn State colleagues looked with horror at the police tape across my office door.

I had been opening mail at my desk that afternoon in August 2010 when a dusting of white powder fell from the folds of a letter. I dropped the letter, held my breath and slipped out the door as swiftly as I could, shutting it behind me. First I went to the bathroom to scrub my hands. Then I called the police.

It turned out to be cornstarch, not anthrax. And it was just one in a long series of threats I’ve received since the late 1990s, when my research illustrated the unprecedented nature of global warming, producing an upward-trending temperature curve whose shape has been likened to a hockey stick.

I’ve faced hostile investigations by politicians, demands for me to be fired from my job, threats against my life and even threats against my family. Those threats have diminished in recent years, as man-made climate change has become recognized as the overwhelming scientific consensus and as climate science has received the support of the federal government. But with the coming Trump administration, my colleagues and I are steeling ourselves for a renewed onslaught of intimidation, from inside and outside government. It would be bad for our work and bad for our planet.
lock him up
0 Replies
 
Frugal1
 
  0  
Sun 18 Dec, 2016 08:10 am
Michelle Obama - worst first lady ever!
0 Replies
 
 

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