Another GOP Hypocrite Bows Out

If Washington were a house, a mere re-decorating project would not suffice, nor would a more extensive re-model. This is a tear down project. The entire GOP needs to take a final bow in all three rings, get in the tiny clown car they rode in on and exit the tent.  

 

The 2016 election had the same result as spraying artificial orange room “deodorizer” on something foul. The orange turns out to smell as bad, if not worse than, the original stench.

 

In what has become typical GOP hypocrisy, 64 year old family values paragon, right wing conservative, outspoken with his 100% anti-abortion voting record, Republican Representative Tim Murphy from Pennsylvania, then husband to Nanette Murphy, asked the woman, he had been having an extramarital affair with to abort their child. Rep Murphy has not tried to deny the allegations, but there is too much evidence for him to do so.

 

The following is a January, 2017 text between Congressman Murphy and the other woman, 32 year old Dr Shannon Edwards, a forensic psychologist in Pittsburgh : 

 

“And you have zero issue posting your pro-life stance all over the place when you had no issue asking me to abort our unborn child just last week when we thought that was one of the options,”

 

In his responding text he seems to deny his long time pro life stance:

 

“I get what you say about my March for life messages. I’ve never written them. Staff does them. I read them and winced. I told staff don’t write any more. I will.


The affair between the two became public during Ms. Edwards divorce proceedings. Yes, she was also married when the affair began. Her marriage ended, Murphy’s marriage ended, and his career will end with this term. The pregnancy turned out to be a “pregnancy scare,” so there is no mixed party baby to be concerned with.  

 

Murphy is not the first GOP pro-life hypocrite, and he won’t be the last. The GOP is sincere in only one goal— money and re-election. If you want their support line their pockets and they’ll vote for what ever you tell them to, just ask the NRA, Evangelicals, Big Pharma, Russia.

 

Murphy really should pack up his pencils and profolactics and leave now, but this is Washington where nothing is as it should be. 

 

It does seem the GOP is imploding with daily announcements of resignations and firings. A tear down before rebuilding may not be necessary.

 

As far as the newest fetid orange ring master—be patient, Mueller is working on it. 

Comments

Thomas Sutrina Added Oct 7, 2017 - 7:43am
We do not talk about the Democratic Gropers because they become presidential candidates and even presidents.    Democrats celebrate them.  
Lydia Ecklund Added Oct 7, 2017 - 7:57am
 Do you refer to our current republican groper in chief, or our previous president a democrat who survived eight years without a scandal? 
Hypocrisy is not a partisan problem. Bill Clinton’s personal life was an abomination.
The GOP however is anti-healthcare, pro-gun control, and anti-climate change— yet they call themselves pro-life. 
I don’t care what label you put on a politician, Republican Democrat, Independent, Green Party, a hypocrite is a hypocrite, and I write about those hypocrites who currently wield the most power.
Jeffry Gilbert Added Oct 7, 2017 - 8:05am
So. Damn. Sad.
Dino Manalis Added Oct 7, 2017 - 8:30am
That's why concervative men have to be very careful with their love for women, because she may be impregnated, or accuse you of sexual harrassment or rape in the future.  That's why you need to be more conservative with your desires, or, at least, follow safe sex to avoid pregnancies!
Jeff Jackson Added Oct 7, 2017 - 8:55am
The position of the Republicans is to get the government out of the lives of the American people, and then they insist on inserting themselves (pun intended) into the reproductive rights of women. For the Republicans to take an anti-abortion stance when they advocate less government in peoples' lives is hypocritical in and of itself. But the evangelical voter support depends on an anti-abortion stance. I don't think many Republicans are as anti-abortion as they claim, it is just the votes that they would lose if they advocated otherwise.
Lydia Ecklund Added Oct 7, 2017 - 9:34am
While that is the guise Republicans operate under, putting limits on governmental interference in lives of it’s citizens, the reality is they are the party responsible for the widening wealth gap, and the repeated detrimental attacks against the middle class. They are on the receiving end of corporate bribes.
Yes, Democrats are too—Corey Booker for example, takes big pharma $$ and in return perpetuates their ability to overcharge for prescription drugs by voting with republicans.
These politicians work, not for their constituents, but for their own personal financial gain. They are paid to vote in favor of corporate America— the reason Trump is desperate to dismantle the Environmental Protection Agency is because taking measures to limit pollution during manufacturing cuts into corporate profits...and he has several conflicts of interest regarding manufacturing restrictions. 
The GOP want to take healthcare to further enrich billionaires and corporations with tax cuts.
I agree with you in that the GOP desires the evangelical vote, and their political donations— that being the primary reason they insert themselves the abortion issue.
This only proves my point. These politicians have no desire to improve situations of the majority of citizens of this country. They are self serving frauds.
Bill H. Added Oct 7, 2017 - 11:20am
 
Welcome to WB Lydia!
Your comments are pretty much right on. With the Orange Buffoon now at the helm, the final phase of Corporate Control of the US is taking place quickly. Trump is making sure that it will be easier for them to invade our private lives even deeper, plummet our natural resources while making it easier to pollute (profit), and dividing our nation even more simply for his personal entertainment. Of course a main driver in this effort is to increase profits for his own empire and those of his friends.
Trump really never intended to become elected anyway, and jumped into the race simply for publicity, recognition, praise, and the attention that his narcissistic personality disorder requires.
After all, it's all about Trump and not at all about those who supported him, or even the betterment of the US.
Lydia Ecklund Added Oct 7, 2017 - 1:03pm
** correction
It has been brought to my attention that in my first comment I stated the gop is pro-gun control, I meant to say the GOP is pro-NRA, or anti-gun control.
Gregory S. McNeill Added Oct 7, 2017 - 2:58pm
So true Lydia. The GOP are a bunch of hypocrites! People in America are truly beginning to see the GOP for who they truly are. Incidents like what just happened are proof.
John G Added Oct 7, 2017 - 5:31pm
They're all hypocrites. They are there to do a job for the donor class. The moralising is just distraction from the real issues of war and economic looting by the rich, that sees both parties in lockstep.
Saint George Added Oct 8, 2017 - 1:38am
 our previous president a democrat who survived eight years without a scandal? 
 
There were no scandals attached to Obama? Are you joking, or are you just in denial?
Flying Junior Added Oct 8, 2017 - 1:44am
Name one hotshot.  I'll take you to task, joker!
Saint George Added Oct 8, 2017 - 7:35am
Just one? How about fifteen:
 
1) Under the Obama administration’s watch, the Internal Revenue Service and other federal agencies from the BATF to the NLRB were illegally used to target and harass the president’s political enemies. The IRS targeting scandal was the most high-profile of these, but others are just as worrisome. Federal investigations and congressional oversight were obstructed, and investigators were lied to outright — a serious crime. The administration protected the wrongdoers and saw to it that they retired with generous federal pensions rather than serving federal sentences for their crimes.
 
2) The Obama administration oversaw the illegal sale of arms to Mexican traffickers for purposes that to this date have not been adequately explained, and those guns have been used to murder American law-enforcement officers.
 
3) President Obama’s secretary of state was involved in a high-profile case in which she improperly set up a private e-mail system to evade ordinary governmental oversight; she and her associates routinely misled investigators, obstructed investigations, and hid or destroyed evidence. These are all serious crimes.
 
4) The Obama administration made ransom payments to the Iranian government and lied about having done so.
 
5) Under the Obama administration, the Secret Service has been a one-agency scandal factory, from drunk agents driving their cars into White House barriers to getting mixed up with hookers in Cartagena.
 
6) Under the guise of developing “green” energy projects, the Obama administration shunted money to politically connected cronies at Solyndra and elsewhere.
 
7) Obama’s men at the Veterans Administration oversaw a system in which our servicemen lost their lives to bureaucratic incompetence and medical neglect, and then falsified records to cover it up.
 
8) Under the flimsiest of national-security pretexts, the Obama administration used the Department of Justice to spy on Fox News reporter James Rosen. It also spied on the Associated Press.
 
9) The Obama administration’s attorney general, Eric Holder, left office while being held in contempt of Congress for inhibiting the investigation of other Obama administration scandals. But, no: No embarrassing stain on a blue dress. Without minimizing the authentic personal degeneracy of Bill Clinton, sexual scandals are minor concerns. 
 
10) The online-launch of the Obamacare insurance exchanges was given to a company one of whose directors was a college friend of Michelle Obama's. We all remember the failure of that launch.
 
By my favorites are still these:
 
11) Obama claimed that he had never met former Weather Underground bomb-thrower Bill Ayres until they worked together on some board of a non-profit in Chicago; in fact, however, his relationship to Ayres goes much further back, at least to a time when Ayres held a political "coming out party" for him. Eye witnesses to that gathering have already stated they were introduced to Mr. Obama at that time.
 
12) We don't know how Obama paid for Harvard Law School. It appears to have been financed indirectly through Khalid al-Mansour , an unsavory chap linked to Saudi Arabia.
 
13) We don't know why Obama never released his school records. What was he afraid of? My guess: perhaps at Occidental, or Columbia, or Harvard, he is on record as "having received financial aid as a foreign student." That would be one good reason not to release your school records if you were running for POTUS.
 
14) Acton & Dystel, the publisher of his book, "Dreams from my Father," distributed a printed roster of its current authors in the late 1990s in which the young Barack Obama from Harvard Law was featured. The brief biographical profile printed underneath his picture states that he was "born in Kenya, raised in Hawaii." The "born in Kenya" bit was repeated multiple times through multiple printings of his book until he decided to run for national office, at which point, "born in Kenya" was expunged. The publisher claimed it was an error — through seven printings? I doubt it. In any case, though the biographical profile is written up by a copy editor to fit in the space allotted below the picture on the brochure, it is based on a questionnaire the publisher gives to new talent to fill out on their own; it's not simply invented by the copy editor to sound "exotic". Neither do I believe Mr. Obama invented a Kenyan origin In his own biographical profile to appear "foreign and exotic." I believe he was telling the truth on that questionnaire (why wouldn't he?) until years later when he found himself running for POTUS, in which case, a foreign country of birth precludes eligibility for Commander in
Saint George Added Oct 8, 2017 - 7:38am
14) The publisher of his book, "Dreams from my Father," distributed a printed roster of its current authors in the late 1990s in which the young Barack Obama from Harvard Law was featured. The brief biographical profile printed underneath his picture states that he was "born in Kenya, raised in Hawaii." The "born in Kenya" bit was repeated multiple times through multiple printings of his book until he decided to run for national office, at which point, "born in Kenya" was expunged. The publisher claimed it was an error — through seven printings? I doubt it. In any case, though the biographical profile is written up by a copy editor to fit in the space allotted below the picture on the brochure, it is based on a questionnaire the publisher gives to new talent to fill out on their own; it's not simply invented by the copy editor to sound "exotic". Neither do I believe Mr. Obama invented a Kenyan origin to sound "foreign and exotic." I believe he was telling the truth on that questionnaire (why wouldn't he?) until years later when he found himself running for POTUS, in which case, a foreign country of birth precludes eligibility for Commander in Chief. The brochure is online at archive.org. You just have to search for it.
 
15) Along with Secretary of State Clinton, Obama covered up the true nature of the assault on the embassy in Benghazi by insisting it was a spontaneous demonstration in response to a YouTube video. Mainstream media swallowed that lie by not following up on it. Most Americans didn't buy it.
 
Anything else you want to know?
Lydia Ecklund Added Oct 8, 2017 - 7:48am
Are you any relation to:
The Cross of Saint George (Russian: Георгиевский Крест) is a state decoration of the Russian Federation. It was initially established by Imperial Russia where it was officially known as the Decoration of the Military Order of Saint George between 1807 and 1913. The Cross of Saint George was reinstated into the Russian awards system in 1992.
Lydia Ecklund Added Oct 8, 2017 - 7:51am
You forgot the issue of birth Boris.
Saint George Added Oct 8, 2017 - 8:31am
See number 14 regarding birth.
 
"Lydia, O Lydia!
Say, have you met Lydia!
Lydia the tattooed lady!"
 
Groucho Marx does a fine performance of this.
Lydia Ecklund Added Oct 8, 2017 - 8:35am
Thank you, that’s the name of my blog. Visit it. I wrote you a song. 
Lydia Ecklund Added Oct 8, 2017 - 8:36am
A Lot From Lydia
Saint George Added Oct 8, 2017 - 8:48am
Post a link.
Lydia Ecklund Added Oct 8, 2017 - 8:52am
Racists (American) and Russians  ~~~~~~   a love ❤️ song   | A lot from Lydia https://alotfromlydia.wordpress.com/2017/10/08/racists-and-russians-a-love-%e2%9d%a4%ef%b8%8f-song/
John G Added Oct 8, 2017 - 2:35pm
He hates Russians.
Ric Wells Added Oct 8, 2017 - 3:01pm
Enter your comment here...
Ric Wells Added Oct 8, 2017 - 3:04pm
It would be more credible if you stated both sides as fair as you possibly can. There are a multitude of scandals on both sides. Some know about others are the back room dealings we never hear about. Also be sure to include what are cover-ups by the intelligence agencies in order tom protect a corrupt government whose sole purpose is to stay in power. Both sides , both sides.
Mike Haluska Added Oct 9, 2017 - 10:19am
Lydia - your statement:
 
"Hypocrisy is not a partisan problem"
 
is correct.  But the Democratic Party acts as if hypocrisy is a virtue and the can't get enough of it.  It's hard to imagine, but the Democratic party is more hypocritical than Harvey Weinstein and Hollywood combined!  When SNL Producer Lorne Michaels was asked why the show made no mention of Harvey Weinstein, he responded that it was "a New York thing".  Never mind that SNL has been insulting Donald Trump constantly for over two years running and HE'S FROM NYC!!!   
Flying Junior Added Oct 9, 2017 - 12:46pm
St. George,
 
It is indeed truly frightening to meet an individual such as yourself.  It is a grim reminder of the power of disinformation.  You lap up propaganda the way a kitten loves cream.
Lydia Ecklund Added Oct 9, 2017 - 2:10pm
Mike Haluska,
Harvey Weinstein is not a politician. He is a sexual predator who lost his job as a result, as well he should.
In contrast, Donald Trump is a sexual predator, on tape bragging about sexually assaulting women, not only did he not lose his job, but he was elected President. 
The fact that you would even bring up the subject of Harvey Weinstein is ludicrous. 
SNL is a TV show. They do not have the jurisdiction to strip Americans of healthcare or women of their rights.
Thank you for telling me which part of my post you deem correct. 
My posts are my opinions based on my interpretation of substantiated facts. I wrote about a republican politician, who has a 100% record of voting against abortion, but asked his mistress to abort their child. 
That is hypocrisy by a republican politician who has made it is life’s work to take away women’s rights.
Lydia Ecklund Added Oct 9, 2017 - 2:19pm
*Saint George — the “person” who posted above is a Russian loyalist faction wose purpose is propaganda—false information, ideas, or rumors deliberately spread widely to help or harm a person, group, movement, institution, nation, etc. - but don’t take my word for it- google it. 
Mike Haluska Added Oct 9, 2017 - 3:13pm
Lydia -
 
Please name ONE right you have been denied since President Trump took office this past January.  And please - if you want to restrict the conversation to politicians, Democratic politicians EXPAND the field!!!  From Ted Kennedy swimming away from his drowning mistress to Bill Clinton lying boldfaced to the American people about Monica Lewinsky to Hillary Clinton ruining the lives of any woman her husband assaulted if she came forward, the Democratic Party has made HYPOCRISY a fine art!
Lydia Ecklund Added Oct 9, 2017 - 4:07pm
I don’t know where to start. I did mention Bill Clinton. I realize there are transgressions with both parties. Politicians are duplicitous by nature and abuse of power is rampant. I don’t feel engaging in a competition of listing indiscretions is worth my time.
I am focused on the Republican party because they have the numbers right now and they do not value women’s issues.
Donald Trump recently signed legislation allowing companies to cut coverage of contraception from their healthcare plans. There has been no attempt however to cut viagra coverage.
Non-gender policy changes- Donald Trump has repealed bank regulations which prevent predatory lending. These regulations were put in place to safeguard against a financial crisis like the one a decade ago.
Trump is affecting the climate- air I breathe...I could continue, however I’ve stated my opinions above, and I write about these issues daily on my blog, which is where this post originated. ALotFromLydia@wordpress
John G Added Oct 9, 2017 - 4:33pm
*Saint George — the “person” who posted above is a Russian loyalist faction wose purpose is propaganda
You couldn't be more wrong.
He's a Russophobe. Like you apparently.
Donna Added Oct 9, 2017 - 4:41pm
Welcome Lydia..
Lydia Ecklund Added Oct 9, 2017 - 5:16pm
My mistake— just a strange coincidence “Russia This Week: From Metal of Valor to Ubiquitous Propaganda Symbol: the Saint George”
“Established in 1769 as The Order of St. George – the highest military decoration in the Russian Empire – the orange-and-black striped ribbon survived until the revolution of 1917. Closely associated with military valour and patriotism, Joseph Stalin revived the ribbon during World War Two and incorporated it into a number of medals. At the Kremlin’s initiative, the ribbon was distributed throughout Russia and much of the former Soviet Union on 9 May 2005 – the 60th anniversary of Victory Day. And each year since then, on the same day, the ribbon has reappeared. This year, over100 million have been distributed around the world.”
https://www.forbes.com/sites/realspin/2014/05/14/poppies-vs-ribbons-the-war-of-symbols-between-ukraine-and-russia/amp/
http://www.interpretermag.com/russia-this-week-from-medal-of-valor-to-ubiquitous-propaganda-symbol-the-history-of-the-st-george-ribbon/
John G Added Oct 9, 2017 - 6:32pm
Characterising the ribbon as propaganda is an insult to Russians and the sacrifices they made.
The poster St George is a fascist so your mistake is ironic to say the least.
Saint George Added Oct 9, 2017 - 6:36pm
is an insult to Russians
 
So? Russians deserve to be insulted as much as any other nationality, you ignorant cretin.
Saint George Added Oct 9, 2017 - 6:43pm
St George is a fascist
 
LOLzZzZ!
 
"The Economic Foundations of Fascism"
 by Paul Einzig
MacMillan and Co., Limited
St. Martin's Street, London
(1933)

[BEGIN EXCERPT]

Chapter XI — Fascism and Socialism

pg. 110.

"It is thus evident that the aims of Fascism and of Socialism are to a very great extent identical. In fact, it may be said without exaggeration that what is happening in Italy today, in the economic sphere, is substantially what would happen under a Socialist government that was free from electioneering considerations. To a very great extent Fascism is Socialism. Yet in the political sphere Fascists and Socialists fight each other desperately without realising that the difference between their respective aims is less than that between the aims of either and those of the laissez-faire school.

The Socialistic tendencies of Fascism ought to be duly realized both by the adherents and opponents of the movement. Ignorance of the fact that Fascism is substantially Socialism has led in Germany to one of the most remarkable tragic-comedies of history."

[END EXCERPT]
 
I'm not a fascist, you dumb cretin, because I'm not a socialist. As the cognoscenti have said, "Fascism and Socialism are to a very great extent identical", and "To a very great extent Fascism is Socialism."
 
Bye-bye, skid-mark-g.
Lydia Ecklund Added Oct 9, 2017 - 6:44pm
Name calling? I’m explaining your propoganda rant in the comments above. I may be a Cretan, (ancestry.com can confirm this), but I am not ignorant. 
Saint George Added Oct 9, 2017 - 6:52pm
Name calling?
 
The previous post was clearly intended for John G, Mr. BDS.
John G Added Oct 9, 2017 - 6:53pm
Who cares what Einzig thought in 1933? Fascism is clearly a capitalist led phenomenon to defeat the threat of socialism when capitalism itself nears one of its inevitable and repeated collapses.
Lydia Ecklund Added Oct 9, 2017 - 6:53pm
Thank you. I am a Cretan, so I jumped to conclusions.
Saint George Added Oct 9, 2017 - 7:02pm
Who cares what Einzig thought in 1933?
 
Who cares what pedophile-eugenicist John Maynard Keynes thought in 1933? For that matter, who cares what skidmark-g thinks in 2017?
 
Einzig wasn't proffering an opinion; he was stating a fact. Einzig — like many socialists of his era — was a great admirer of Mussolini. So was Lord Keynes. In fact, Mussolini was an admirer of Keynes, noting many congenial similarities between the fascist corporate-state and the state as imagined by Keynes.
 
You're just intellectually bankrupt, Venturist Church.
Lydia Ecklund Added Oct 9, 2017 - 7:04pm
I’ll assume you’re still not talking to me.
Saint George Added Oct 9, 2017 - 7:11pm
I’ll assume you’re still not talking to me.
 
Is your name "Venturist Church"?
Lydia Ecklund Added Oct 9, 2017 - 7:15pm
Nyet 
John G Added Oct 9, 2017 - 7:33pm
Keynes was a capitalist, scat boy. Twit.
Saint George Added Oct 9, 2017 - 8:05pm
Keynes was a pedophile-eugenicist. Want me to paste excerpts from his sex diary? Don't waste my time, skid-mark "Venture Church".
 
There was mutual admiration between Keynes and Mussolini.
 
And who gives a shit what an ignorant twit like you believes in 2017?
John G Added Oct 9, 2017 - 8:40pm
I have no interest in your opinions on Keynes or indeed much in Keynes himself.
It's your obsession, buddy.
The Mussolini comments you quote ad nauseum were from about 10 years before General Theory from memory.
As I've pointed out before.
But Keynes was most definitely a capitalist.
And you are most definitely a faeces obsessed troll.
Saint George Added Oct 10, 2017 - 2:27am
The Mussolini comments you quote ad nauseum* were from about 10 years before General Theory from memory.
 
I have no idea what you're talking about, arse-wipe-g. I've never quoted anything by Mussolini. I merely stated a historical fact.
 
As for Keynes, "The End of Laissez-Faire," "Economic Consequences of the Peace", and "The General Theory of Employment, Interest, and Money" all say the same thing. The single difference is that the last one aims at being a treatise, while the first two are conclusions written in the form of monographs. The conclusions of all three, however, are the same. 
 
Read much?
 
[* Ad nauseam, chucklehead. I guess neither English nor Latin is your strong point. Educated in public school were you? Not surprising.]
 
John G Added Oct 10, 2017 - 2:56am
I've never quoted anything by Mussolini.
You're a bald faced liar.
"The End of Laissez-Faire," "Economic Consequences of the Peace", and "The General Theory of Employment, Interest, and Money" all say the same thing. 
You're a bald faced liar.
[* Ad nauseam, chucklehead. I guess neither English nor Latin is your strong point.
Oh my god, a typo. 
Saint George Added Oct 10, 2017 - 3:05am
You're a bald faced liar.
 
I resent that. I'm neither bald nor a liar.
 
You obviously know little about Keynes.
 
Read much? Guess not.
John G Added Oct 10, 2017 - 3:26am
You're WB's official troll. Sad.
Mike Haluska Added Oct 10, 2017 - 10:05am
Lydia - your statement:
 
"I am focused on the Republican party because they have the numbers right now and they do not value women’s issues."
 
is pure baloney!  Hillary and Bill Clinton could murder someone in Time Square in front of thousands of eyewitnesses, captured on videotape and the Left (you included) would watch the video and say "that's proof that Bill & Hillary had nothing to do with it"!
 
And the government SHOULD NOT get "involved" in "women's issues.  Nor should the government get involved in men's/gay's/white's/minorities etc. because the Constitution defends the rights of EVERY INDIVIDUAL - PERIOD!  There are no "Women's Rights", "Men's Rights", "Gay Rights", "Straight Rights" - the Constitution protects the rights of the smallest minority - the INDIVIDUAL!
Mike Haluska Added Oct 10, 2017 - 10:15am
Lydia - your allegation:
 
"Donald Trump has repealed bank regulations which prevent predatory lending. These regulations were put in place to safeguard against a financial crisis like the one a decade ago."
 
the financial housing crisis was CAUSED by stupid regulations!  The banks were mandated to give mortgages (mostly ARM's) to anybody with a heart beat so that "poor people could own homes".  Of course, the government would guarantee the loans so the banks would get bailed out!  What happened was totally predictable - mortgage defaults began to skyrocket as soon as the low "teaser rate" expired and people who could hardly afford their mortgage payment saw their payment double or triple!
 
Let me clue you in - NO REGULATION gets put in unless it was written verbatim by the industry being regulated!  Whether its the health insurance industry writing Obamacare or the sugar industry writing NAFTA - the politicians have NO CLUE how to run or regulate ANYTHING so they rely on the industry (and their big campaign contributions) to make "legislation" that supposedly governs them.
John G Added Oct 10, 2017 - 3:30pm
Hahalusk: The banks were mandated to give mortgages (mostly ARM's) to anybody with a heart beat so that "poor people could own homes".
Utterly false. The CRA had nought to do with the liars loans and ninja loans that blew up.
Saint George Added Oct 10, 2017 - 9:36pm
The CRA had nought to do with . . .
 
Wrong, fecal-breath.
 
"Did the Community Reinvestment Act (CRA) Lead to Risky Lending?"
 
NBER Working Paper No. 18609
Issued in December 2012

"Yes, it did. We use exogenous variation in banks' incentives to conform to the standards of the Community Reinvestment Act (CRA) around regulatory exam dates to trace out the effect of the CRA on lending activity. Our empirical strategy compares lending behavior of banks undergoing CRA exams within a given census tract in a given month to the behavior of banks operating in the same census tract-month that do not face these exams. We find that adherence to the act led to riskier lending by banks: in the six quarters surrounding the CRA exams lending is elevated on average by about 5 percent every quarter and loans in these quarters default by about 15 percent more often. These patterns are accentuated in CRA-eligible census tracts and are concentrated among large banks. The effects are strongest during the time period when the market for private securitization was booming."
 
Bye-bye, skiddy-g.
John G Added Oct 10, 2017 - 10:52pm
Nope. The lenders whose mortgages blew up were not part of the CRA. Few, if any, would have qualified.
The CRA mandated proper underwriting for starters.
You can read the StLouis Fed's in depth analysis of this bankster propaganda on line.
It was always bullshit.
But we know now that StGeorge/Corey is a shill for Wall St.
 
Mike Haluska Added Oct 11, 2017 - 10:59am
John G -
I could show you a videotape of a hammer falling to the floor and you would claim that gravity doesn't exist. 
Lydia Ecklund Added Oct 11, 2017 - 11:25am
I’m sorry, I left the conversation because I was under the impression I was an extraneous component. 
The escalating use of caps, abuse of exclamation points, and increase in name calling, while entertaining, has made deciphering the point of what’s being said a challenge. 
I’m going to class this up a little with a poem—
"While Europe's eye is fix'd on mighty things,

The fate of empires and the fall of kings;

While quacks of State must each produce his plan,

And even children lisp the Rights of Man; 

Amid this mighty fuss just let me mention,

The Rights of Woman merit some attention." 

~Robert Burns, 
The Rights Of Women, 1792
 
John G Added Oct 11, 2017 - 2:52pm
Haluska, the St Louis Fed has debunked your myth. The act is available for you to read too.
Your story is false. You've fallen for a Walk St lie.
Get over it.
Saint George Added Oct 11, 2017 - 6:09pm
Yep. The CRA was one of several causes of risky lending. The St. Louis Fed was debunked just as you have been debunked. See National Bureau of Economic Research paper:
 
Did the Community Reinvestment Act (CRA) Lead to Risky Lending?
 
Abstract:
 
"Yes, it did. We use exogenous variation in banks' incentives to conform to the standards of the Community Reinvestment Act (CRA) around regulatory exam dates to trace out the effect of the CRA on lending activity. Our empirical strategy compares lending behavior of banks undergoing CRA exams within a given census tract in a given month to the behavior of banks operating in the same census tract-month that do not face these exams. We find that adherence to the act led to riskier lending by banks: in the six quarters surrounding the CRA exams lending is elevated on average by about 5 percent every quarter and loans in these quarters default by about 15 percent more often. These patterns are accentuated in CRA-eligible census tracts and are concentrated among large banks. The effects are strongest during the time period when the market for private securitization was booming."
 
From the Conclusion:
 
"We note that our estimates do not provide an assessment of the full impact of the CRA. This is because we are examining the effect of CRA evaluations relative to a baseline of banks not undergoing an exam. To the extent that there are adjustment costs in changing lending behavior, this baseline level of lending behavior itself may be shifted toward catering to CRA compliance. Because our empirical strategy nets out the baseline effect, our estimates of CRA evaluations provide a lower bound to the actual impact of the Community Reinvestment Act. If adjustment costs in lending behavior are large and banks can’t easily tilt their loan portfolio toward greater CRA compliance, the full impact of the CRA is potentially much greater than that estimated by the change in lending behavior around CRA exams."
 
Bye-bye, skiddy-g!
John G Added Oct 11, 2017 - 7:10pm
That is meaningless gibberish.
You're talking shit again.
Saint George Added Oct 11, 2017 - 9:12pm
Words with more than 2 syllables confuse you? Not surprising. You're an uneducated, chuckleheaded, nitwit, zombunist.
John G Added Oct 12, 2017 - 2:50am
It's gibberish, arse breath.
Neoclassical economists specialise in it. Morons like you lap it up.
Flying Junior Added Oct 12, 2017 - 3:35am
Thank you for the Burns quote, Lydia.  At least two hundred years before his time despite his painstaking research and study into the past of his beloved Scotland.  An expert in the idiom and traditions of Scottish song.
 
I have a volume of Burns, but it does not include your reference.  I can assume that it was written during the last year of his life.  I always remember that his dates paralleled those of Mozart.
 
Ever my favorite shall always be, "The Twa Dogs."  But there are so many that I have enjoyed, Jon Anderson, My Jo.  Can'st thou leave me thus, Katie?
Saint George Added Oct 12, 2017 - 3:36am
Words with more than 2 syllables confuse you? Not surprising. You're an uneducated, chuckleheaded, nitwit, zombunist, rat-turd-loaf.
Benjamin Goldstein Added Oct 14, 2017 - 7:21am
Lydia: I think one or two pietists who don't follow the family morals which they propose in public is not the end of the Republican Party. If anything, it is the corporatist, anti-free market, cabal. People who talk about free exchange of goods but stonewall any removal of red tape that throttles small businesses.
Lydia Ecklund Added Oct 14, 2017 - 11:23am
Benjamin: You make a good point and I wish it were only one or two faux moralists. I have come to my own conclusion however that one man, as stupid and reckless as Donald Trump, is all it will take to destroy, not only the GOP, but more importantly, (as he is proving this week), the entire healthcare system. This most recent executive order to defund ACA will lead to the financial ruin of countless working class Americans. IMHO