Obama’s Record on Foreclosures in 3 Pictures

Have you heard the good news? Foreclosures rates are dropping! Isn’t that great? Obama is doing such a good job or something!

Just look at this happy chart. Here’s the case that the Obama campaign is making and hoping you believe.

But, that’s not the whole story. Here is that same chart, showing Obama’s entire term in office.

Not quite as impressive.

But that’s only because Obama inherited the housing crisis from Bush…right? Yes, 190,000 properties get a foreclosure notice each month.

But, that’s completely beside the point. The most important fact is that foreclosures are down now!

But to get the whole story, let’s look at the entire picture.

Look, sometimes economic disasters happen.  They’re part of the natural cycle of an economy.  Obama can’t be blamed for that.  That’s just a fact of life, and as he’s endlessly reminded us, he wasn’t in the oval office for this most recent one.  Yes, Obama supported many of the policies that led to the crisis, but so did a lot of other politicians from both sides of the aisle.   You can’t blame Obama singularly for that either.

But, what you can blame Obama for is the fact that he came into office with complete control over a congress that would give him anything he wanted.  He passed a giant stimulus package, financial reform, health care and numerous other non-essential initiatives.  He enacted his plan to solve this.  You are reaping the results of that plan.  Look above at that third picture again.  This is the “recovery” this guy is running on.  Congratulations America.

  • Anonymous

    Drive people out of their homes to solidify the belief of non-private ownership. After all, we didn’t build our homes.

  • http://youtu.be/ff8jDkOHp3U Sam Fisher

    If that was a heart monitor the patient would be dead thanks liberals.

  • Anonymous

    I see yes good, and 2nd chart… Holy Shitake Batman! Yeah, I’m done with Obama. I can’t wait for him to get voted out of there soon.

  • Anonymous

    If you can get it, read the book, “How to Lie With Statistics.” It’s a little orange book of 144 pages and the charts above are the kind the author uses. It’s a worthwhile $7 at Amazon.

  • http://www.artinphoenix.com/gallery/grimm snowleopard (cat folk gallery)

    Obama is a disaster that we invited into the White House along with his cronies; now it is up to us to unseat him in November. God have mercy on us if we fail.

  • http://www.facebook.com/john.temple.5220665 John Temple

    You may put lipstick on a pig, but, it is still a pig. He has done nothing of value to provide real assistance to those that earn a living and can pass a credit check. Instead, they want to keep those that should have never qualified for the house in the first place. Let’s all remember B. Franks insisting on banks provide sub-prime loans to those applying, whether they actually could pay this loan back. But, like so many in D.C., Franks just blamed the banks instead of accepting responsibility for his legislation.

  • Anonymous

    OBAMA’S DOING A GREAT JOB — ISN’T HE? JUST GIVE HIM FOR MORE YEARS AND SEE WHAT CHANGE HE CAN DO FOR YOU —- THIS COMMENT DOES NOT APPLY TO ILLEGAL ALLIENS AND THE LIKE.

  • new2la

    After all, aren’t these Obama charts?

  • Anonymous

    Has it been pointed out that this housing problem started when Clinton was POTUS?

    “…many of the people who were to devise Obama’s economic policies were working with Congress to fundamentally shift economic policy to promote home-ownership, by relaxing lending standards and pressuring private financial companies to lend to a broader range of households that also presented higher risks of default. A key component of this strategy was using…Fannie Mae and Freddie Mac to guarantee the mortgage-backed securities that included these riskier mortgages, so they could be sold on the secondary mortgage market.” ”Virtually everyone—except, apparently, the Obama administration—recognizes in hindsight that these policies helped create the conditions that allowed the housing bubble, by fueling demand for housing, expanding the use of exotic financing (—balloon payments, interest-only mortgages—), and— obscuring the inherent risk associated with these assets in mortgage-backed securities (which were themselves an innovation introduced by ‘Fannie and Freddie.’)”

    This was taken from an article ”The Obama Failure” by Sam’l R. Staley in a book review of ”Debacle” written by Grover G. Norquist and John R. Lott. Found in the Aug. 13, ’12 issue of the Nat’l Review.

  • landofaahs

    You ain’t seen nothin’ yet as the song goes.

  • Draxx

    There won’t be much Mercy or Compassion for anybody on Earth if we fail. Jesus died for Our Sins, Not Pure Evil…

  • Jean

    The reason there is no Romney signs is because there is none. Our Republican just received a few.

  • Gino

    And don’t forget to exterminate the White House after the Obummers leave!!!

  • Anonymous

    OBAMA WAS SENT FROM HEAVEN TO SAVE US. HE WILL SAVE US…………………………………. THIS MESSAGE BROUGHT TO YOU BY THE COUNCIL FOR BETTER MENTAL HEALTH.

  • Anonymous

    i wish they had a spine to impeach…not just BHO but Everyone husseinobama hired biden and ALLte adviCzars!! husseinObomba has acomplished what he anted the destruction of USofA HE needs another term to destroy israel and totally undo congress to become officially, Dictator-in-Chief..of the world..the New World Order One World Government!! Ne worse than hitler because he ad czars are lovers of mao stalin lenin musselini chavez and hitler! bill ayers is still bombing America–with Hussein O-BOMB-A !!

  • Anonymous

    I don’t need to read the book because I was almost sucked into it as part of the boots on the ground at the time. We were being asked to put people into home ownership that couldn’t afford their current lifestyle and yet the banks were being pressured to make the loans and the Clinton administration was picking up almost all of the initial costs so that a buyer could just sign documents they didn’t read and move right in. The Democrats got everything they wanted – easy home ownership – not “responsibility of home ownership”. The Democrats were 100% responsible for the economic collapse. They want to blame it on the big banks but their policies created the market for bad loans and the Fed’s ‘Rapid Score” policy approved people for loans without actually checking their ability to pay. The banks were set up for failure then because the credit scoring info they got back from the Feds Rapid Score program was fraudulent. Barney Frank should be in prison for his part in it.

  • Anonymous

    Deregulation started under Clinton. That’s what caused the booming economy and supposedly balanced budget Clinton boasted about. Banks were forced to give loans to unqualified people, no money down. Then it took 6-8 years for the loans to adjust, causing people to start losing their homes. Guess what? Clinton was no longer in office. It will take a long time for us to recover from those Clinton mistakes.

  • Anonymous

    During those booming times I was actually feeling bad about myself, because I saw mansions springing up all around me. I thought we were doing pretty well financially, but it was “obvious” that we were poor folk, because we could never afford one of those amazing houses. I wondered what all those people did for work. How could they afford it? Could I possibly get a job that paid as well as theirs? I should have stopped in a new grand neighborhood and actually asked one of the home “owners” those questions. I just kept paying down my own mortgage, instead.

  • Anonymous

    I’ve read that book. It’s entertaining and true.

  • Anonymous

    i was thinking the exact same thing at the time.

  • new2la

    You are correct bjv, it did start with Clinton and it eneded with the Dem congress……This tells the whole story, why Bush was so bad at the end of his term.

    Don ‘ t just skim over this, it ‘ s not long, but read it slowly and let it sink in. If in doubt, check it out!

    The day the democrats took over was not January 22nd 2009, it was actually January 3rd 2007, the

    day democrats took over the House of Representatives and the Senate, at the very start of the 110th Congress.

    The Democrat Party controlled a majority in both chambers for the first time since the end of the 103rd Congress in 1995.

    For those who are listening to the liberals propagating the fallacy that everything is “Bush ‘ s Fault”, think about this:

    January 3rd, 2007 was the day the Democrats took over the Senate and the Congress.

    At the time:

    The DOW Jones closed at $12,621.77

    The GDP for the previous quarter was 3.5%

    The Unemployment rate was 4.6%

    George Bush ‘ s Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB GROWTH!

    Remember the day…

    January 3rd, 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd

    took over the Senate Banking Committee.

    The economic meltdown that happened 15 months later was in what part of the economy?

    BANKING AND FINANCIAL SERVICES!

    Unemployment… to this CRISIS by (among MANY other things) dumping 5-6 TRILLION Dollars of toxic loans

    on the economy from YOUR Fannie Mae and Freddie Mac FIASCOES!

    Bush asked Congress 17 TIMES to stop Fannie & Freddie – starting in 2001 because it was financially risky

    for the US economy.

    And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac? BARACK HUSSEIN OBAMA!

    And who fought against reform of Fannie and Freddie?

    OBAMA and the Democrat Congress

    So when someone tries to blame Bush..

    REMEMBER JANUARY 3rd, 2007…. THE DAY THE DEMOCRATS TOOK OVER!”

    Budgets do not come from the White House. They come from Congress and the party that controlled Congress

    since January 2007 is the Democrat Party.

    Furthermore, the Democrats controlled the budget process for 2008 & 2009 as well as 2010 & 2011.

    In that first year, they had to contend with George Bush, which caused them to compromise on spending,

    when Bush somewhat belatedly got tough on spending increases.

    For 2009 though, Nancy Pelosi & Harry Reid bypassed George Bush entirely, passing continuing resolutions

    to keep government running until Barack Obama could take office. At that time, they passed a massive omnibus

    spending bill to complete the 2009 budgets.

    And where was Barack Obama during this time? He was a member of that very Congress that passed all of these

    massive spending bills, and he signed the omnibus bill as President to complete 2009.

    If the Democrats inherited any deficit, it was the 2007 deficit, the last of the Republican budgets.

    That deficit was the lowest in five years, and the fourth straight decline in deficit spending.

    After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets.

    If Obama inherited anything, he inherited it from himself.

    In a nutshell, what Obama is saying is “I inherited a deficit that I voted for and then I voted to expand that deficit four-fold

    since January 20th.”

    There is no way this will be widely publicized,

    unless each of us sends it on! COPY AND PASTE!

    “Apparently, I’m supposed to be more angry about what Mitt Romney does with his money than what Barack Obama does with mine.”—Anonymous

     

  • Anonymous

    @newca:disqus, Picky, picky, picky. Oh, those nasty facts will always come back and find a place to bite you! You are so right. The LSM has their own agenda which is the reelection of The One, so of course, they will NEVER let those pesky facts see the light of day in any of their print/talk shows. BTW, a good post. (As you well know, the libs hope their propaganda of ”It’s all the fault of Bush” will be drummed into the heads of those who are not paying attention and help their man win a 2nd term. Perish the thought that anyone should know the truth!)

  • Anonymous

    @portbuilder:disqus, Shh. It’s all the fault of those evil banks! Can’t let the folks know the truth, don’tcha know? Like a lot of Dems (and some Reps too), ol’ Barney is allowed to skate on this. As will many Dems when/if Obamacare is fully implemented and the ‘shet’ hits the fan.

  • Anonymous

    @newca:disqus, You did your homework, tootsie. Well said.

  • http://www.facebook.com/people/Gayle-Brown/544552772 Gayle Brown

    Part of a global plan sometimes called Agenda 21. Its in all communities now under the guise of ‘sustainable development’. It won’t be called Agenda 21 but it will seek to take private property rights by spending, bankruptcies and foreclosures. The goal is to take all rights, property, mineral, oil basically all natural resources, away from the people. Obama has say its better to ‘ rent’ than to own a home/ He a tool of this global movement that involves very rich men, international companies and one religion; Islam.

  • Guest

    The housing and bank crisis was created during the Clinton administration. Read this to get the rarely shared truth.

  • http://www.facebook.com/oleta.blakeman Oleta Blakeman

    I tried to share what you, @new21a , shared here but FB would not allow this to be posted on my wall for others to see. I guess there was just too much truth to be tolerated here.

  • Anonymous

    The largest problem is China taking over American manufacturing jobs. All of the economic uncertainties and accumulated debt can be blamed on bureaucrats who cannot decide on whether they want to compete with China or get paid by corporations. Obama has done little to keeps jobs in America, lets see someone else give it a try.

  • http://www.youtube.com/user/SirWinstoneChurchill Winston Blake
  • AKbird

    OBAMA CREATED THE SUB-PRIME LOAN PROBLEM IN 2003 –HE REPRESENTED 186 CLIENTS IN CHICAGO CASE AGAINST THE BANKING FINANCIAL SYSTEM TO MAKE LOANS TO THE ‘LOW INCOME APPLICANTS’ –THAT WAS NOTED AS CRISIS IN 2008 –SPEND-SPEND SPEND SINCE THEN. THE 186 CLIENTS, MOST HAVE BEEN FORECLOSED ON.

    JOURNALIST;

    my opinion,

    ILLEGAL Obama
    Truth 2008 and 2012

    THE COMMON
    KNOWLEDGE IS THAT BARACK H OBAMA’s FATHER WAS NOT A US CITIZEN
    !

    The US
    Constitution requires the persons chosen for the Presidency of the United States
    be “NATURALLY BORN CITIZENS OF THE UNITED STATES” FOR PERSONS BORN ON OR AFTER
    THE WRITING OF THE US Constitution.

    Regarding the persons born before the writing of the US
    Constitution a simple US Citizenship proven in the Revolutionary War was
    acceptable for the US Presidency. Also, the parents of those born before the
    United States became a nation were not U.S. Citizens –They were colonialists
    subjects of England at the time the candidate was born and therefore could not
    qualify their children for Natural Born U.S. Citizen. The alternative of just a
    U.S. Citizenship is not available today, that ended in the
    1800’s.

    The
    Naturally Born Citizenship was well understood by the writers of the US
    Constitution, That the Naturally Born Citizen be born in the United States to
    parents each of which are US Citizens at the time of the child’s birth which
    assured the child would be raised in the United States without allegiance to any
    other nation –Thus, a Naturally Born US Citizen whose allegiance is not in
    doubt and therefore is basically qualified
    to be chosen to the Presidency of the United States.

    ==============================================

    WHY IS OBAMA GETTING A FREE RIDE TO:

    VIOLATE OUR U.S. CONSTITUTION & INSULT THE SIGNORS OF THE CONSTITUTION?

    RUIN OUR ECONOMY & BLAME OTHER WHEN HE STATRTED THE RECESSION IN 2003 BY
    INITIATING SUBPRIME LOANS AND THE FINANCIAL CRISIS OF 2008?

    LOWER THE UNITED STATES STANDING IN THE WORLD?