Class of 2014: Sucks To Be You!

This is why we need to listen to Elizabeth Warren.

In the end, the demographic pandering related to the homeowner initiative – pushed by both parties but clearly which favored Democrats at the polls – which led to the “Great Recession” should have led to massive jail time, executions, etc. Essentially, it was this demographically and social engineering-based theft, plus a healthy dose of Wall Street off shoring and increased profitability at all costs, that sent the economy into the crapper for college grads that continues to this day with little to no job growth. The second punch of course is the theft by Higher Ed administrations across the US who’ve not learned to “Just say no”.

Just don’t take out a loan to go to college. Get a job and pay as you go if you haven’t saved up enough money. Pretty simple right? Or maybe I’m missing something because I was educated in government run schools. Yea, I probably have this wrong.

In the Golden Age of Greek Theatre, the Theatron had two entrances called Paradoi, one on each side. They were equally important, but opposing in position. We get our word, “paradox”, from the Ancient Greek.

We have expensive non-technical collegiate schooling which does not prepare our children for any productive work. At the same time, we have good-paying minimal-training skill jobs and high-paying technical jobs which go wanting. SC has excellent colleges with amazing high-tech training facilities and marvelous Tech Schools with even more amazing low and high tech training facilities.

The answer is not Greek to me. But it is a frustrating, true, paradox.

During The Last Republican Administration, 2 enormous and preventable disasters

Our borders were penetrated by terrorists that Bush turned into two 10 year long wars.

Our economy was devastated by deregulation and encouraging minorities to get into housing with no money down.

The Republican Party’s 2012 platform highlighted the fact that the rest of the Mexico/US double fencing was never built and stated that “The double-layered fencing on the border that was enacted by Congress in 2006, but never completed, must finally be built.” The Washington Office on Latin America alleges on its Border Fact Check site that the extremely high cost of complying with the Secure Fence Act’s mandate-estimated at US$4.1 billion, or more than the Border Patrol’s entire annual budget of US$3.55 billion– was the main reason that it was not fulfilled. In reality Congress failed to fund the project sufficiently in order to finish building the fence.

The idea of using switchgrass to produce biofuels was brought up by former US president George W. Bush in his 2006 State of the Union address

Former President George W. Bush called for a transition to a combination of a government-funded program and personal accounts (“individual accounts” or “private accounts”) through partial privatization of the system.

In a bid to boost minority homeownership, President Bush asked Congress for authority to eliminate the down-payment requirement for Federal Housing Administration loans.

In announcing the plan at a home builders show in Las Vegas, Federal Housing Commissioner John Weicher called the proposal the “most significant FHA initiative in more than a decade.” It would lead to 150,000 first-time owners annually, he said.

Nothing-down options are available on the private mortgage market, but, in general, they require the borrower to have pristine credit. Bush’s proposed change would extend the nothing-down option to borrowers with blemished credit.

The FHA isn’t a direct lender, but guarantees loan payments for mortgages on moderately priced owner-occupied property. The FHA guarantee now permits private lenders to finance as much as 97% of the purchase price of a home for millions of low- and middle-income borrowers.

In the proposal delivered to Congress, Bush allowed the FHA to guarantee loans for the full purchase price of the home, plus down-payment costs. As a practical matter, the FHA would guarantee mortgages as high as 103% of the value of the underlying property.

SEC head William Donaldson tried to boost regulation of mutual and hedge funds, he was blocked by Bush’s advisers at the White House as well as other powerful Republicans and quit.

Sixty-eight percent of Americans — including 49 percent of Republicans — say President George W. Bush is responsible for the state of today’s economy, a new Gallup poll finds.

1. Deregulated Wall Street: It was a great time to be a Wall Street executive during the Bush administration. Sweeping financial deregulation helped build the housing bubble and allowed financial institutions to pursue risky trades unchecked. In fact, Bush eliminated the rules that allowed Wall Street to cause the financial crash that plunged the nation into the Great Recession.

2. Cut Taxes For The Wealthy: The Bush tax cuts — over 50 percent of which benefited the richest 5 percent of American taxpayers — cost about $2.5 trillion over the decade after they were enacted. Ten years later, Bush’s tax cuts are stillthe main driving factor of the national debt:

3. Ran Up A Tab On Two Wars: The wars in Iraq and Afghanistan have cost the country trillions of dollars. Combined with Bush’s tax cuts, war spending was amain factor in blowing up the deficit and spending the surplus accumulated under Clinton. Lawmakers now use the deficit as an excuse for inaction.

4. Left Homeowners In A Lurch: While Bush was happy to help out the banks in the wake of the housing crisis, he did little to assist struggling homeowners.Hope For Homeowners, Bush’s proposal to assist those struggling with their mortgages, was a colossal failure; in its first six months, it helped just one homeowner renegotiate his mortgage. Many mortgage holders — 15.7 million or, one in three — are still underwater today.

5. Weakened Workers: Bush weakened worker safety regulations and collective bargaining rights under the Occupational Safety and Health Administration (OSHA) and the Department of Labor throughout his time in office. Today, corporations are back to making record profits, while workers’ incomes are falling.

Shit.