Did his mood change?

Last I checked, labor participation was voluntary, unless you live in China. Does Obama force students to borrow, or do you want socialist controls on cost of medicine? Did home ownership not get affected by the housing crisis brewed by Greenspan/Bush? You are delusional.

Not delusional, I'm DEPLORABLE ... and proud of it. And I love how you cherry pick a couple of charts and ignore the others.

Also, remember, Obama will leave office with the US being $20 TRILLION in debt. It was $10 trillion when he took office, yet the man has the gall to proclaim, "We cut the deficit by 2/3 while I was in office." What a laughable joke of an idiot he thinks you are.

Labor participation is definitely NOT "voluntary" if you understand how to calculate U6 numbers. It would appear that you do not.
Were you aware that the "Affordable" Care Act took over student loans? The cost of education has skyrocketed under Obama. When it went up under Bush, Obama blamed Bush so ... turnabout is fair play.
You obviously also fail to understand Clinton's Community Reinvestment program and how it affected the housing crisis. Can't help your ignorance there either but I do have a good friend who wrote a book about it. Let me know if you'd like to be educated.

Come on over to the DEPLORABLE side ... truth is so much better than fiction.

Community reinvestment act ... since 1977, introduced during Ford approved during carter. It had nothing to do with the last banking crisis. Participation IS voluntary. U6 vs U3. All other measures of unemployment other than my chart are "alternative" measures. What I posted is the ONLY official one with data series going back to mid 1940s. If debt was moved from one bucket to another re student loans, then you are misleading as it is a tracking/accounting disclosure. Yes, it is terrible that our national debt has increased, with the increase coming under the Bush last budget and continuing. At least it kept the deplorables out of soup lined -where bush was taking them.

Try again. This time with better information.
The original Community Reinvestment Act was passed by the 95th United States Congress and signed into law by President Jimmy Carter on October 12, 1977. See Pub.L. 95-128, 12 U.S.C. ch. 30. Most experts agree that it had a MASSIVE influence on the default rate since it was used to push unqualified people into mortgage loans subsidized by Freddie and Fanny ... and everyone was surprised when it collapsed (?). ANYTIME you get the government involved it goes badly.

Obviously I cannot help you understand how unemployment works. It seems you're not interested in anything that doesn't match your agenda. Official? Yes. Accurate? Hardly. Unless you're an Obama fan. U6 includes those who've given up ... sad that you think that's voluntary ... but typical.

In regards to Student Loans, it appears you may not have a good grasp of basic economics. From 2006 to today, total student loan debt soared from $517 billion to $1.3 trillion, a 152% jump, to cover surging tuition costs. Over that same period, real starting wages for college grads were essentially flat. Sadly, this should be no surprise, given recent history. Whenever government gets involved in subsidizing anything — from sugar to home mortgages — higher prices emerge, leading to market disruptions and, often, a "crisis." And Obama lead the charge.

There's no way you can get around it. By every meaningful measure, the USA is worse under Obama despite his glorious majesty winning the Nobel Peace Prize and his claim that the earth would begin to heal and the sea levels would stop rising.

Some people will literally fall for anything.

CRA exactly as I outlined above when your cohort placed it 20 years forward. This CRA in a nutshell for those who have trouble understanding it. If you take deposits from poor neighborhoods, then lend to them as well. Don't "redline". The government does not force banks to open branches and take deposits in poor neighborhoods. But if you collect their deposits, also lend to them. This should digest it for you.

U6 peaked, but has receded substantially to levels seen during Bush. We can than Bush for the war that placed so much strain on the economy, and continues to do so. Bush's own words: imgflip.com/i/170q8q

I wish you would at least choose to be a socialist or a capitalist. No one forces students or people to borrow. No one forces people to go to college. I agree with you 100% that government's hand -no always- but usually ends up hurting the country more Subsidies in Ag, energy, defense contracts ($38B aid to Israel is a de facto Boeing subsidy). Obama's Nobel is 100% undeserved. At least I am objective about the failures, including Syria and Libya, and don't wear an aluminum foil hat.

Nice that they can deposit $150 then turn around and expect to get a mortgage for $150,000. That's the whole problem. The CRA -- under threats from the Clinton Administration (that's been verified) -- lent money to people in those poor neighborhoods knowing they couldn't pay them back but also knowing that those mortgages could easily be sold to quasi-governmental entities in tranches.

Keep in mind that the CRA was not a static piece of legislation. It evolved over the years from a relatively hands-off law focused on process into one that focused on outcomes. Regulators, beginning in the mid-nineties under Clinton, began to hold banks accountable to, like you said, lend to the poor people who made deposits. Banks responded to this new accountability by increasing the CRA loans they made, a move that entailed relaxing their lending standards and leading to the housing crisis.

Also bear in mind that U6 for most of Bush's term, was far lower than Obama's. I don't disagree on the strain of war on the economy (not to mention the strain on morale), but also bear in mind that Hillary was for it, voted for it, enabled it, and had access to the intelligence.

I agree that no one forces people to borrow (though the CRA did force banks to lend) and that no one forces people to go to college. So lets get government out of the process of sending people to college and out of student loans. When government "helps" pay for anything, people tend to forget how much those things cost. And when schools know that kids have more money to spend -- even if its a government loan, they raise the cost of tuition. The same thing happened with the run up in housing prices under government backed loans as what's happened with college costs.

Government interference in markets changes how people behave in those markets, whether they're students or homeowners, and most of the time that well intentioned government intervention ends up hurting the very people it's trying to help.

They measure the volume of deposits by MSA (smaller than zip code), and if total deposits from a "low and moderate income" MSA exceed loans "substantially", and there is a branch in that MSA, you would have to explain why. And, if you show you took applicants and they didn't quality, you still pass. You can go to any branch and as to see their public CRA rating.

It must have been someone else who erased their "elders of Zion" comment after I called the person on their antiseptic stance.

Thanks, I'm highly familiar with it. I worked for a mortgage company for several years in the mid 90's and felt the pressure from higher ups that were feeling it from regulators to create a more "permissive lending environment." Remember that in 1995 Clinton loosened housing rules by rewriting the CRA, which put added pressure on banks to lend in low-income neighborhoods that wasn't there before.

Congrats on calling out the "elders of Zion" idiots. We're on the same team there. Probably are on the same team on a lot of other items too.

+1. ????????

You know banks don't hold the mortgages, right? The fault for banking crisis is evenly spread among:

- greedy home owners who kept refiing and taking cash out for mini vans, SUVs, remodels, Mexico holiday, they did get utility up front for their poor borrowing decisions.

- mortgage lenders who were paid in volume, not quality.

- Greedy banks who sold the mortgages

- Investment bankers who packaged and sold them as MBS

- Investors across the globe and in the US who got a 10-15 bp higher spread vs comparably rated debt instruments.

It was everyone's fault. It was musical chairs.

Of course I know that. I personally bundled tens of thousands to sell to various investor groups when I moved from the sales side to the operations side. Still, from my personal experience in the industry when all this was going on, I lay much (though not all) the blame at the feet of government. Federal government.

Remind me was it you, or this guy with the anti-semtic comment that has been erased? Who is hiding their ugly face? So you erased your racist and anti-semtic comments. I will track them and report them: https://gyazo.com/5ddf53ad6f3f8fd7553c8bf58f17ec55

I'm pro Israel and highly NOT anti-semitic. Whomever made those comments and subsequently erased them was not me. But please DO report them.

I did not make any anti semantic comment. I was responding to VivianX3 who in almost every single political meme calls liberals dogs, slaves, followers, political cronies to the Elders of Zion. I had no idea what he was talking about kinda thought oh a looney. I finally Realized he has been talking about the Kochs and acting like Democrats all Democrats support or serve them. Like I said to you in the post. Kochs are known to be pulling the stings for the puppets that represent us. Their God of they belive in one is money. Do I blame judeism for the Kochs? No! Are democrats knowingly Supporting their world agenda? No Are Republicans knowingly Supporting their world agenda? NO. All of us are pawns in their private play.

So if you feel that the way that I veiw the mega rich elite is anti semetic then I'm sorry, I was not aware that all Jewish people are members of the 1%. Also that guy did not delete his post, it is Downvoted. So looked between the comments and when you see low rated comment click on it.

If you truly believe that, I can't help you with your ignorance in how unemployment numbers were figured under Obama vs Reagan.

And amnesty? It was passed in the Congress and signed into law by Reagan. That's far different than an executive order which spits in the face of the country and Congress.

;D