The truth about minimum wage and income inequality

UncleBuck said:

lol, introduced and referred to committee in the same day.*

that's some politicking!

they had control over congress for years and years and years and that was all they did.

meanwhile, bush bragged about his "ownership society" the whole time and bragged about home ownership in his SOTU addresses.

but that one lowly bill, introduced and referred to committee to die a slow death in the same day makes it all better.

and glass steagall repeal had nothing to do with any of this. nor did the credit rating agencies. nor did the private companies who bundled junk mortgages, sold them, bet against them, bought them again, sold them, bought them, bet against them ad infinitum.

nope, it was just all poor people being forced by fannie and freddie to get loans. that was it

that, and kids should be given speeding tickets if their daddy speeds on the way to a "greese" trap repair.

oh, the magic of a southern bigot's logic.

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One bill after four fucking years of talking to congressional democrats on the issue they claimed was "made up" or "didn't exist". You're a joke bucky get the fuck out of here you have retarded up this thread enough.



Fannie Mae Eases Credit To Aid Mortgage Lending


In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.


The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.


Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html

nontheist said:

One bill after four fucking years of talking to congressional democrats on the issue they claimed was "made up" or "didn't exist". You're a joke bucky get the fuck out of here you have retarded up this thread enough.

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you got nothing.

it is entirely too pointless to try to discuss the many, many reasons behind the financial collapse with a bigoted southern kid who claims to work 16 hour days and says that kids should be given speeding tickets if their parents speed.

let's just agree that it was all just poor people that caused the collapse so that you can get back to dark triading ugly chicks behind the flying-J.

UncleBuck said:

you got nothing.

it is entirely too pointless to try to discuss the many, many reasons behind the financial collapse with a bigoted southern kid who claims to work 16 hour days and says that kids should be given speeding tickets if their parents speed.

let's just agree that it was all just poor people that caused the collapse so that you can get back to dark triading ugly chicks behind the flying-J.

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He is beating you to death with facts and logic... Something you are completely unfamiliar with...

NLXSK1 said:

He is beating you to death with facts and logic... Something you are completely unfamiliar with...

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NLXSK1 said:

He is beating you to death with facts and logic... Something you are completely unfamiliar with...

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nontheist said:

haha be a good little bitch and keep your humility off the forums ass clown. Your weak ass insults show exactly what kind of person you are.

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if i get caught speeding with my dog in the car, should my dog also get a speeding ticket?

So what's the score now? 10 out of 10 proven lies you spout on the forums? I haven't seen a single accurate statement or opinion from you yet.

nontheist said:

So what's the score now? 10 out of 10 proven lies you spout on the forums? I haven't seen a single accurate statement or opinion from you yet.

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question: i had to bring my tortoise to the vet the other day. suppose i got caught speeding on my way there. should my turtle also get a speeding ticket?

UncleBuck said:

question: i had to bring my tortoise to the vet the other day. suppose i got caught speeding on my way there. should my turtle also get a speeding ticket?

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Question: does spending 18 hours on a cannabis forum making bullshit argument with false or misleading statements while correcting grammar make you a fucking loser?

Spoiler: Yes it does.

nontheist said:

Question: does spending 18 hours on a cannabis forum making bullshit argument with false or misleading statements while correcting grammar make you a fucking loser?

Spoiler: Yes it does.

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let's see: you've put in 16 hours of work today (like you do every single day, no exceptions), you've fucked your lady like a porn star (i assume that it took you and your sister about 30-45 seconds to achieve ejaculation), you tended to your land (i assume this is a euphemism for torturing the black person you keep under your trailer, 7-10 minutes worth i'm betting), and you've spent about 4 and a half hours blaming poor people for the economic collapse.

that leaves you about 3 hours or so for sleep. no wonder you're such a grumpy, easily confused, disoriented moron.

UncleBuck said:

let's see: you've put in 16 hours of work today (like you do every single day, no exceptions), you've fucked your lady like a porn star (i assume that it took you and your sister about 30-45 seconds to achieve ejaculation), you tended to your land (i assume this is a euphemism for torturing the black person you keep under your trailer, 7-10 minutes worth i'm betting), and you've spent about 4 and a half hours blaming poor people for the economic collapse.

that leaves you about 3 hours or so for sleep. no wonder you're such a grumpy, easily confused, disoriented moron.

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wow 10 post showing exactly what people think of you. Keep it up you're not looking completely ridiculous I swear. lol

nontheist said:

wow 10 post showing exactly what people think of you. Keep it up you're not looking completely ridiculous I swear. lol

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if i'm looking ridiculous, it's because i'm repeating claims that you made.

"The parties are two factions of one party, the business party." ~Noam Chomsky

abandonconflict said:

"The parties are two factions of one party, the business party." ~Noam Chomsky

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This was starting to a good thread till UncleBuck and non-theist started trolling eachother and getting all emotional.

Lets get to the heart of this issue which is: is capitalism is the problem? and the worker/capitalist relationship. I have been trying to dig at that for awhile now.

I don't have much time to write at this moment but I will say that the free market would not be without its problems, but to say its better then what we have is not much of a stretch, You stated that it would be worse then what we have because the corporate would collude with one another and run out the worker, resulting in wage slavery. (paraphrasing)

I will follow with this later but I want to know why it is you believe that would happen to a greater degree in a free market scenario, specifically, with examples.

deprave said:

This was starting to a good thread till UncleBuck and non-theist started trolling eachother and getting all emotional.

Lets get to the heart of this issue which is: is capitalism is the problem? and the worker/capitalist relationship. I have been trying to dig at that for awhile now.

I don't have much time to write at this moment but I will say that the free market would not be without its problems, but to say its better then what we have is not much of a stretch, You stated that it would be worse then what we have because the corporate would collude with one another and run out the worker, resulting in wage slavery. (paraphrasing)

I will follow with this later but I want to know why it is you believe that would happen to a greater degree in a free market scenario, specifically, with examples.

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Any successful business realizes that the people that make up the business are it's most important asset.

NLXSK1 said:

Any successful business realizes that the people that make up the business are it's most important asset.

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*its




don't need good spelling to push a lawnmower, do ya?

NLXSK1 said:

Any successful business realizes that the people that make up the business are it's most important asset.

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The most successful businesses, however, maximize their value from that asset, paying it as little as possible. To any business larger than a family-run one, its employees are figured as an immediate cost, since the benefit is delayed until the product of their labor is sold. cn

cannabineer said:

The most successful businesses, however, maximize their value from that asset, paying it as little as possible. To any business larger than a family-run one, its employees are figured as an immediate cost, since the benefit is delayed until the product of their labor is sold. cn

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You cannot pay as little as possible for good assets. People who are good and efficient rise to the top and if they can get better wages at a different company they can easily change jobs.

This prevents employers from being stingy. If you want the best you have to pay for the best. If you pay the lowest you get whatever is left over.

You act like employees have no choice in the matter.

NLXSK1 said:

You cannot pay as little as possible for good assets. People who are good and efficient rise to the top and if they can get better wages at a different company they can easily change jobs.

This prevents employers from being stingy. If you want the best you have to pay for the best. If you pay the lowest you get whatever is left over.

You act like employees have no choice in the matter.

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Individual employees have very little choice in the matter. Consider what happened in this country to manufacturing careers. cn

cannabineer said:

Individual employees have very little choice in the matter. Consider what happened in this country to manufacturing careers. cn

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Could you elaborate on *have very little choice*

I see people getting ahead every day. It is hard work to not only show up and do your job every day but to work to better yourself in your career. Those that invest the time and effort are usually rewarded either at their current employer or another that sees their potential.