Lewis discusses the 2008 recession in this clip from 2009's special Stark Raving Black. FOLLOW LEWIS www.lewisblack... / thelewisblack / thelewisblack / thelewisblack
problem is people cant afford rent and mortgages used to be lower than rent but you had to be able to afford rent to get a mortgage its a logical phallacy
@DocOrtmeyer Not really, because you generally sign the real estate which you took the mortgage for as collateral. The problem arises when uou have a varisnle rate that starts ramping up after the first few months to levels people can't afford anymore and suddenly they're filing for bankrupcy.
I was able to work and put a roof over my head for over 20+ years, I have been homeless twice since 2010. The rents are simply unaffordable. And it looks like I will be homeless again soon, lose everything I own again, and go live in the woods again. I have multiple health issues that include an open hernia, my intestine is outside the abdominal wall. No healthcare (ever). I guess this is MY fault for working as a line cook for 20+ years.
Black is really funny. But it is scary to see how economically illiterate he is. And worse, to see how economically illiterate his audience is. "What caused the 2008 crisis was greed." Oh really. We just discovered greed in 2008. People started doing when they thought was in their best interest just then? Let's ask a question. If government, led by the Clinton administration, had not been pushing home loans for the poor, which created a housing price bubble, which burst in 2008, does any of this happen. By they way, if the government had not been guaranteeing student loans, do you think we would have had the tuition price bubble we have had, or the $500 + Billion in nonperforming student loans we now have. Logic and a few facts will tell you private ownership, which is to say capitalism, is doing just find. Government, not so much. But then that is not a funny...
It’s not the government buying off private companies to make decisions in their favor and generating record profits in the process. Seems unregulated capitalism is only fine for a few people…
Government, corporations, and greed are synonymous. If you beleive otherwise, you're an idiot. We're in bigger financial trouble in 2023, than were were in 2008, and it's all due to greed.
His style is his, but damn if it isnt played out. Calm. Loud. Angry. Pointing. Pointing Loud. Pointing Angry. So boring. Rinse and Repeat. Hes funny but its so fucking played out.
Then turn it off! It's very funny because it's true. We are fucked!! I'm a senior citizen & come to realize government is way too much in our personal business & tells lies that stupid, ignorant people believe. Lewis Black is da bomb! You'll learn more from him than government BS!
The moment he starts talking calmly always gets me. And then he bursts in rage and I burst into fits of laughter.
every time 😂
Lewis, don’t stop what you do!,, you are the best medicine for us all! ,,,,,,,,,,
Disney needs to make Anger swearing canon! Lol
15 years later and we're in even deeper shit. But the CEOs have record profits.
Still one of the funniest bits - PRICELESS. 😂🤣
Imagine the people with the money blaming the people without the money
Do you have to imagine that aren't we living it
problem is people cant afford rent and mortgages used to be lower than rent but you had to be able to afford rent to get a mortgage
its a logical phallacy
@Secretly a Celebrity blame the anti-american republican party for funneling all our tax dollars to their donors for that too
@DocOrtmeyer
Not really, because you generally sign the real estate which you took the mortgage for as collateral. The problem arises when uou have a varisnle rate that starts ramping up after the first few months to levels people can't afford anymore and suddenly they're filing for bankrupcy.
I mean we saw people losing their homes during covid so economic misinformation still be here
“Oh Sure blame thEm for it” like no
I was able to work and put a roof over my head for over 20+ years, I have been homeless twice since 2010. The rents are simply unaffordable. And it looks like I will be homeless again soon, lose everything I own again, and go live in the woods again. I have multiple health issues that include an open hernia, my intestine is outside the abdominal wall. No healthcare (ever). I guess this is MY fault for working as a line cook for 20+ years.
it ain't right .. what state?
Been a line cook, pot washer and KP, now I have arthritis and made homeless and I live in Ireland
It’s amazing to me the extravagance that shareholders allow company executives to demonstrate as part of the lie that it matters in any way.
He ran around the WH with his hair on fire. It was something like that.
4:48 art !
This is a great documentary- totally on point.
So good! ❤
😂 ....I needed that laugh ❤
Quality
We never learn.
And never will.
Mortgage font also very small.
Now I want a credenza 😂
I was with a friend who was house hunting right around then and I myself was looking around three years later. I describe it as gross.
❤
Surely that should be scroti?
Ron Paul tried to warn us
Zutura
"We're Fucked" isn't a good political campaign slogan, Lewis. That's why they lie every four years. And people accept the lies blindly.
The Secretary of the Treasury 💀💦
Ah, common sense
Republicans are great at the economy.
Democrats are no better
@@justinmartin2422
The Republicans gave us the Great Depression, Reagan's Saving and Loan crisis, Bush's Great Recession, and Trump's COVID disaster.
Add FTX disaster to everything else, stuff continues to happen.
I'm a big fan of LB for many years. BUT, I hate the BS dance of hypocrisy of anti-capitalism. This is how.....YOU GOT F'N RICH!
That rug better fly
I live Lewis but nothing funny in this clip
Not aged well since trump and covid
Greed
Black is really funny. But it is scary to see how economically illiterate he is. And worse, to see how economically illiterate his audience is. "What caused the 2008 crisis was greed." Oh really. We just discovered greed in 2008. People started doing when they thought was in their best interest just then? Let's ask a question. If government, led by the Clinton administration, had not been pushing home loans for the poor, which created a housing price bubble, which burst in 2008, does any of this happen. By they way, if the government had not been guaranteeing student loans, do you think we would have had the tuition price bubble we have had, or the $500 + Billion in nonperforming student loans we now have. Logic and a few facts will tell you private ownership, which is to say capitalism, is doing just find. Government, not so much. But then that is not a funny...
It's a comedy show, get over it and get a life
Lewis is hilarious, be he's the type of personality who is always dead sure of things he knows nothing about.
It’s not the government buying off private companies to make decisions in their favor and generating record profits in the process. Seems unregulated capitalism is only fine for a few people…
Government, corporations, and greed are synonymous. If you beleive otherwise, you're an idiot. We're in bigger financial trouble in 2023, than were were in 2008, and it's all due to greed.
His style is his, but damn if it isnt played out. Calm. Loud. Angry. Pointing. Pointing Loud. Pointing Angry. So boring. Rinse and Repeat. Hes funny but its so fucking played out.
You nailed it
Go back to voicing Mister E.
How is this comedy? It's very stressful to hear the loud screaming and the obnoxious f bombs. Annoying
Then turn it off! It's very funny because it's true. We are fucked!! I'm a senior citizen & come to realize government is way too much in our personal business & tells lies that stupid, ignorant people believe. Lewis Black is da bomb! You'll learn more from him than government BS!
Maybe don't watch it then
How are you biased 😂
Oh my god please get a fucking grip. “He’s cuRsInG!” Jesus fucking Christ you’re what’s wrong with this fucking country