The One Thing Obama & Romney Agreed On [Pic]

Submitted by: fancylad 4 years ago

Hope you like waiting tables, kiddo.
There are 53 comments:
Male 335
"art" is an elective not a major....why would the government be expected to do anything???
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Male 2,384
buahahahaha
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Male 15,832
[quote]Oh, so I suppose the continuation of CRA policies for 8 Bush years was Clinton`s fault too?[/quote]
No, Bush takes part of the blame. I remember him bragging about how more people were buying houses. But the problem didn`t really explode until the Dems took over congress in 2007. That`s when they started really leaning on the banks to make these bad loans. This pushed more and more buyers into the housing market which caused the bubble in prices. Then when the bubble burst, as bubbles ALWAYS do, millions of people were left owing more than their houses were worth. Then when they started defaulting on their loans, the secondary mortgage market collapsed.

The bubble and the subsequent collapse were caused by liberal authoritarian government policies. Since they broke it, I guess they had some obligation to fix it. The better solution would have been to have kept the government out of the housing market in the first place.
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Male 15,832
[quote]Did someone do something bad to you as a child? What exactly happened to turn you into such a self-serving, hate machine?[/quote]
patchouly, if that`s the best retort you can come up with, I can only take it to mean that you have no facts or logic to refute what I said.
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Male 4,746
DromEd:
"Anyway..nice trading barbs with you. :)"
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Shame we both had to resort to stereotypes. Next time around, I`ll get more sleep and see if I can`t come up with some better material.
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Male 2,368
Patchouly...Seeing as I`m from Delaware where there certainly aren`t any hillbillies, maybe it`s you who should work on his geography.

Anyway..nice trading barbs with you. :)
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Male 5,811
@HA: Touche. Let me know when the revolution starts. Go ahead, I`ll wait.
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Male 2,357
[quote]And to you whiny conservatives, it`s time to face a cold hard fact: There will NEVER be a free market. Why? Because no one in power wants it. Government doesn`t want it.[/quote]
I wonder if Louis XVI felt the same way about the aristocracy and monarchy...
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Male 1,010
You guys realize that this very post, a montage of pictures with a short narrative and a joke is ... in fact art?
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Male 4,746
DromEd:
"I guess winter`s come early up there and your brain is frozen. Let`s wait until June and then we can chat."
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I`m shocked as I had always heard you hillbillies were unaware of geography! I`m happy to see you got the "Up there" part right. Of course, being unaware of our seasons and weather is forgivable. It`s not like any parts of the U.S. are further North than me. Oh...wait...
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Male 560
@patchgrabber I said financial crisis dates back to Clinton don`t say it`s his fault completely also pointed out the banks bundling and mis representing the mortgages to the world as a fault. But policy started with Clinton is what I`m saying.

It goes back to the saying the buck stops here, a lot of wrong things happened but you trace it back to Clinton as the one who planted the seed. And the question was about a proverbial gun to a head so I was answering where the gun came from.

Alot of wrong things are usually bi partisan f*ck ups, often because they refuse to accept anything good from the other side out of tribal politics cause grid lock or drat up good laws to get one up
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Female 15
what Bonnie explained I`m taken by surprise that anyone able to get paid $5674 in 4 weeks on the internet. did you read this link >>> Mag66.comTRY TRY
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Male 2,368
Wow patchouly. I guess I needed to use even smaller words. I guess winter`s come early up there and your brain is frozen. Let`s wait until June and then we can chat.
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Male 5,811
@dang007: Oh, I do blame the idiots taking mortgages they couldn`t afford, but don`t also discount predatory lending. *Some* banks were required to lend, but not all. I think people were too obsessed with "The American Dream" to realize that housing prices don`t just go up. Omission of fault on average joe f*cktard was not intentional.
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Male 633
>>>greedy banks wanting to make a (seemingly) easy buck.<<<

You seem to have missed the point that it takes to parties to make a mortgage. The lender and the borrower. While it seems we agree that banks were , at least to some degree, required to loan to those that could not really afford it, you seem to be unwilling to place any blame on the other party in these transactions. Were bankers holding a proverbial gun to borrowers?
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Male 5,811
@5cats: I don`t get what you`re trying to tell me here. I already said it was a bipartisan f*ckup...along with greedy banks wanting to make a (seemingly) easy buck.
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Male 36,437
[quote]I am back yo. Oh and ha![/quote]
Welcome home @8BitHero! :-)

@patchy: @Bakagain has it correct! The reason Clinton did it was race, not enough Blacks were getting mortgages, so someone made a law to help correct that. It spiraled out of control from there...
Democrats ALWAYS lay the blame on Bush, completely `forgetting` who started the problem in the first place.
AND when MacCain tried to do something to correct the impending disaster? The Democrat controled House called him a RACIST and claimed there was no risk AT ALL! (Barney Frank and several others, it`s all on the record).

So yes it`s true: Bush should have done more! I agree! And it happened on his watch, so it`s his fault, no arguement here.

Just don`t blame "one side" while ignoring the other, eh?
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Male 633
>>>at most is a bipartisan f*ckup.<<<

At last we agree. Feds try and help by regulating and wind up messing it up. Unintended consequences are a pain.
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Male 5,811
@Bakcagain21: Oh, so I suppose the continuation of CRA policies for 8 Bush years was Clinton`s fault too? No matter that half of sub-prime mortgages weren`t regulated by the CRA, nevermind that Harvard`s Joint Center notes that the rush in CRA activity beginning in mid-90s was mostly over by 2001, nevermind that Bush`s 2004 amendments weakened CRA regulations, yet banks "with guns at their heads" continued to give sub-prime mortgages even when regulations were weakened and most CRA activity had stopped. Banks were greedy, plain and simple. But nice try blaming Clinton for something that, at most is a bipartisan f*ckup.
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Male 560
@MrOrange the financial crisis dates back to Clinton. He legislated so banks had to give sub prime mortgages, so loads of poor people could get houses. Ok when times are good but the people couldn`t really pay off these loans. The banks then sold these loans with many others in bundles. These bundles were used as securities but the problem is the bundles weren`t properly labelled so no one knew if the bundle was good or not though their values were used to back and loan out other money. Then when the loans couldn`t be recalled and properties lost value and couldn`t be sold we have the situation where governments had to bail out banks. It`s because the Clinton Administration put the metaphorical gun to bankers heads telling them to loan money to people who couldn`t afford to pay it back so they could get a house(in doing so giving him votes) that we`re in this situation.
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Male 79
We need art majors. How else would Universities be able to afford lab equipment for the real students.
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Male 5,811
I don`t necessarily need to hate on art to know that there is a large decline in the amount of students in STEM majors, and this is a problem. While I do think that art has its place, even though I have little respect for it, there are a disproportionately large amount of students getting fluffy majors that don`t have good job prospects. I partially blame the students, but also the faculty who doesn`t give them the reality check about their REAL odds of getting a job in that field.

And to you whiny conservatives, it`s time to face a cold hard fact: There will NEVER be a free market. Why? Because no one in power wants it. Government doesn`t want it. Corporations don`t want it, so keep pulling your pud to the image of a world free of regulation, because the spank bank is the only place where it`s real.
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Male 633
>>>how many hardworking decent people would have been shafted up the arse through no fault of their own?>>>


No fault. What are you talking about. No fault. They took risks. Same risk that I am taking when I take out a mortgage. I do not expect the government to ride in and save me. Stuff happens be prepared.

On the other hand part of the role of the feds is to help moderate the swings of the market. In this case for years federal policies created the market bubble in housing.
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Male 4,746
markust123:
"That`s funny. When I read OldOllie`s rant I thought, Were your parents rapped by Liberals?"
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LOL! I was thinking the exact same thing but decided to tone it down a notch. I wouldn`t want to dredge up any long buried memories for the poor guy!
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Male 4,746
DromEd:
"You see there`s a department in banks called "The Mortgage Dept." (I`m using small words so you libs can understand)"
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Did the wind whistle through your hillbilly teeth when you said that?
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Male 2,368
[quote]Again, no banker in his right mind would have made those loans in the first place without the government holding a gun to his head and forcing him to do it.[/quote]

OldOllie is spot on here.

You see there`s a department in banks called "The Mortgage Dept." (I`m using small words so you libs can understand) The heads of that department are the ones responsible for deciding who gets a loan and who doesn`t. Now here`s the trick. Too many bad loans and things bite you in the butt and you get fired. Too few good loans and the bank doesn`t make enough money and you get fired for poor performance. So to keep your job that pays pretty well you`ve got to know your stuff. But it`s really just that simple until a 3rd party gets involved and screws with the delicate balance of the system. That`s when things get screwed up.
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Male 4,292
"Did someone do something bad to you as a child? What exactly happened to turn you into such a self-serving, hate machine?"

That`s funny. When I read OldOllie`s rant I thought, Were your parents rapped by Liberals?
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Male 5,413
I am back yo. Oh and ha!
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Male 741
I for one have no sympathy for bankers, Wall Street or otherwise, who spend their days trying to make money off of other people`s money. Same goes for speculators. And anybody who invests in the stock market.
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Female 836
Actually... speaking as someone who makes a living as a graphic designer and had an art major...

If you get into the right field, web design or animation, you will NEVER starve. The internet has actually made it much easier to find a creative job than it used to be.

So, don`t tell your artist friends to study something "practical" like I was told back when. Let them study something like animation, web design, interior design, etc. to make a buck, but don`t tell them to be a nurse or something completely out of their area of interest.

PLEASE!
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Male 4,746
OldOllie:
"Better money than a bunch of arrogant know-it-all liberal pricks."
"what they are saying is that they think they are smarter than everybody else in the entire world COMBINED!
Is it even possible to be more arrogant than that?"
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Did someone do something bad to you as a child? What exactly happened to turn you into such a self-serving, hate machine?
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Male 2,416
But if you are right and that the free market is the best way to go. Then the goverment shouldn`t have stepped in to save the banks. How many banks would have survived do you reckon? how many mortages and companies would been forclosed? and how many hardworking decent people would have been shafted up the arse through no fault of their own?
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Male 2,416
@OldOllie

Since the goverment was chosen democratically that would put the blame right back with the people wouldn`t it? Also i don`t know how it went down in the U.S.A, but over here noone put a gun against the bankers head to create wierd morgage constructions that involved things as "overvalue" or high risk loans, they made a good amount of money from that before the bubble burst. And i don`t recall bankers warning that this was going to happen? i mean if i was forced to do something which was a bad idea i`d be protesting like a dog on fire.
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Male 15,832
[quote]And as an after thought, do you really wanna live in a world where god money decides eveything for you? [/quote]
Better money than a bunch of arrogant know-it-all liberal pricks. The free market is the most moral AND efficient way to allocate scarce resources. It represents the collective opinions of the entire world as to what is the best and most valuable use of a particular service, commodity, or product.

When the central planners try to regulate the market and allocate those resources as THEY see fit, what they are saying is that they think they are smarter than everybody else in the entire world COMBINED!

Is it even possible to be more arrogant than that?
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Male 15,832
[quote]Whilst I kinda agree with you, you *do* realise that the current economic crisis is the result of bankers thinking they would get a good return on investments that made no sense at all, right?[/quote]
How can you say that their investments didn`t make sense? The government forced them to make loans to people they knew couldn`t pay them back, but the government also agreed to buy those bad loans from them as fast as they could make them. Most banks did quite well in the real estate boom. It`s the poor bastards on Wall Street who got snookered into buying bundles of these junk "mortgage-backed securities" from Fanny Mae who got hosed along with their customers who bought into the scam.

Again, no banker in his right mind would have made those loans in the first place without the government holding a gun to his head and forcing him to do it.

BTW, thanks for the opportunity to reinforce my original point: everything liberals touch turns to $#!+.
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Male 1,129
I have a mechanical engineering degree, graduated on a saturday, had a job offer the following monday. Art majors make me laugh, I know someone with a musi degree crying about not being able to find a job. Last time I checked they dont open up art and music factories hahahhahah
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Male 2,416
@Oldollie

Whilst I kinda agree with you, you *do* realise that the current economic crisis is the result of bankers thinking they would get a good return on investments that made no sense at all, right?

And as an after thought, do you really wanna live in a world where god money decides eveything for you?
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Male 15,832
[quote]I`m self employed and I make six figures.[/quote]
Sorry, HG, but you don`t count the numbers to the right of the decimal point.
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Male 15,832
This is exactly why we need to get the government completely out of the student loan business. Do you think a banker in his right mind would loan someone $100k or more to get a f***ing ART degree? How about Black History or 20th Century Feminist Literature? You see, that`s the difference between a banker and an education bureaucrat; bankers actually expect to be paid back!

You may think this is cold-hearted, but are you really doing someone a favor by wasting 4 years of his life and then sending him out into the world with a degree in Interpersonal Communications or Community Organizing and $200k in debt?

If you can`t convince a banker that degree is a good investment for you, and a loan to get it is a good risk for him, it probably isn`t.
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Male 2,855
because mocking art students is still fun, right?
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Male 2,552
Liberal arts degrees are only good for teaching other liberal arts students. There, I said it.
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Male 2,368
I got a 4 year communications degree at a "liberal arts college." But what I really learned was how to detect bull s--- with an unofficial minor in music.
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Male 28
Shopped! (Their ties are different at the bottom)
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Male 3,909
@DrProfessor - Exactly, somehow people still think that because they have a college diploma they`ll automatically get a job the day the graduate. Then they don`t get one, or end up not getting paid as much as they thought they would so whine about it.

People always ask me how I was able to get a job and be paid as well as I am (I`m an Electrician) without a degree since I went into the Marine Corps right out of high school. I tell them I got out of the Marines, did some research, then ended up going into a 5 year apprenticeship to become a journeyman electrician. For some reason they can`t seem to wrap their heads around that!
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Male 96
Why do people think artists are special? It`s just another job. -Andy Warhol. Don`t fall into the 5, 6 or even seven $$ figure salary to define your success, there is more to life then the mighty dollar. Plenty of depressed, drug addict, suicidal millionaires out there. If you enjoy art, then do art.
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Male 58
Also, I never understood the hatred toward art majors. We learn a skill just like anyone else does, depending on your field or medium you can be employed, fine artists are typically self-employed. Everything you use was designed by an artist, even. Do people think we pay out the ass to sit in a room all day smearing poop on each other? I bust my ass to keep up with project deadlines, humanities assignments, and a part-time internship. If you think artists are lesser people, I guess there`s just something wrong with you.
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Male 3,894
College doesn`t automatically mean you`re going to get a job. You still have to make yourself useful to someone in order for them to pay you.
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Male 58
Animation Major here, shame the industry isn`t what it used to be. A teacher of mine animated at Disney for decades making six figures until he got laid off in the early 2000s with everyone else. Shame the direction the industry has gone.
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Male 2,841
Should`ve chosen philosophy so he can at least ask why we want fries with that.
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Male 7,915
I`m an art major (sorta).

I`m self employed and I make six figures. Should have been "philosophy".
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Male 914
It annoys the crap out of me when people think they`re entitled to have a roof over their head and food on their plate simply because they can talk a lot about 16th century France.
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Male 4,292
OK, this was funny.
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Male 19,861
Link: The One Thing Obama & Romney Agreed On [Pic] [Rate Link] - Hope you like waiting tables, kiddo.
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