Constitutional Sheepdog
][][][%er!!!!!!!
What types of jobs are you bragging about? Service and medical? Construction and manufacturing are the important ones and there was no jobs gain.Here
What types of jobs are you bragging about? Service and medical? Construction and manufacturing are the important ones and there was no jobs gain.Here
In other words, one can hope for a depression, am I right comrade?You posted yearly stats. The stat for this year doesn't exist yet. He could completely tank the economy before the year is out. Just like he did with his casinos or the other scams he ran.
Wait, what? I thought when Obama was President the quest for the elusive inflation that signifies a strong, growing economy was paramount? You don't get inflation during a depression...You're touting inflation ? Well pretty soon you can add the fall out from Trump's trade war to these numbers. Then you will really have something to brag about.
They're easy to win, alright.
No hope involved with GOP presidents - economic calamity just happens.In other words, one can hope for a depression, am I right comrade?
I'm shocked, SHOCKED, to find another commie hoping for economic calamity as a result of a return to a more capitalist economic policy agenda.No hope involved with GOP presidents - economic calamity just happens.
Finally you got something right. What happened in 2008 was the culmination of the 1999 repeal of Glass-Steagall, coupled with the bankruptcy of Fannie Mae which bought, securitized, and bundled subprime mortgages and peddled them globally, purchased mostly by large financial institutions.Partisan gobbledygook that only partially reflect what happened.
Was the dramatic increase in foreclosures also a global problem? From 2004 to 2006 it was scary as hell...The recession hit in mid 2007...The financial crash was a global phenomenon. It was coming one way or another. Sure the GOP removed some of the safeties that made it come faster but it was the result of 25 years of really bad money policy.
The real truth about Obama's low average, not the depression.... The real truth was his hostility towards Corporate America and their decision to keep nearly 9 trillion dollars in investable funds overseas and away from his greedy, socialist, redistributionist paws.
It is now beginning to filter back in.
Jo
Another ho hum....
Been there done that.
https://www.bea.gov/newsreleases/national/gdp/gdp_glance.htm
Sure thing...that is why the foreclosures went through the roof starting in 2006...5 years after Clinton left office.Finally you got something right. What happened in 2008 was the culmination of the 1999 repeal of Glass-Steagall, coupled with the bankruptcy of Fannie Mae which bought, securitized, and bundled subprime mortgages and peddled them globally, purchased mostly by large financial institutions.
The global financial meltdown came when the scam blew up and Fannie Mae went into bankruptcy.
And all because Bill Clinton decided he would take over risk management at Fannie Mae and upped Fannie's portfolio of mortgages to 50% subprime. It wasn't very difficult for him to dictate given the Chairman of Fannie Mae was his former White House Budget Director Franklin Raines and the Vice Chairman was Jamie Gorelik, his Deputy Attorney General.
And all because everyone should own a home whether they could afford it or not.
No, I hope we don't have one. He has left us more vulnerable than we were before the Bush collapse. It would be instant 2 trillion dollar deficits for as far as the eyes could see.In other words, one can hope for a depression, am I right comrade?
No, early on they just wanted to prevent a deflation spiral from taking hold.Wait, what? I thought when Obama was President the quest for the elusive inflation that signifies a strong, growing economy was paramount? You don't get inflation during a depression...
Look those were Republican ideas. Clinton laid down for the right over and over again on policy. But you are right he went along with bad Republican ideas and it cost the nation dearly.Finally you got something right. What happened in 2008 was the culmination of the 1999 repeal of Glass-Steagall, coupled with the bankruptcy of Fannie Mae which bought, securitized, and bundled subprime mortgages and peddled them globally, purchased mostly by large financial institutions.
The global financial meltdown came when the scam blew up and Fannie Mae went into bankruptcy.
And all because Bill Clinton decided he would take over risk management at Fannie Mae and upped Fannie's portfolio of mortgages to 50% subprime. It wasn't very difficult for him to dictate given the Chairman of Fannie Mae was his former White House Budget Director Franklin Raines and the Vice Chairman was Jamie Gorelik, his Deputy Attorney General.
And all because everyone should own a home whether they could afford it or not.
It's been better for 4 yrs. You cons only noticed it when Trump took office. Back then wingers called the stats fake and said the books were cooked. That changed instantly once Trump took office. He he mocked yours and his hypocrisy.US GDP 2008-2018:
https://tradingeconomics.com/united-states/gdp
Big picture.
It's better now.
It just is.
ConstructionWhat types of jobs are you bragging about? Service and medical? Construction and manufacturing are the important ones and there was no jobs gain.
http://cepr.net/blogs/cepr-blog/the-decline-of-blue-collar-jobs-in-graphsConstruction
View attachment 39852
Manufacturing
View attachment 39853
You lied for years about the improvements under Obama. Now you have to face the fact that you lied.
It feels so good to break the news to you.
No, the whole idea was to goose consumption for the specific purpose of generating price inflation. Which, according to demand side economics fosters more consumption as consumers seek to beat price increases by buying early and often, leading to economic nirvana. Now that inflation is finally showing up (and allowing the Fed to FINALLY terminate its grotesque Quantitative Easing that it used for a decade to keep the Obama depression at bay), suddenly it was a good thing but now it's not. If you don't have hypocrisy, you don't have a post...No, early on they just wanted to prevent a deflation spiral from taking hold.
"When this potentially historic agreement is finalized," Clinton said in a statement, "it will strengthen the economy and help consumers, communities and businesses across America."Look those were Republican ideas.
George Bush didn't persuade Chairman Raines and Vice Chair Gorelik to abandon their fiduciary responsibilities and start buying 50% sub-prime mortgages to sell around the world to unsuspecting banks!Stop with the phony Fannie Mae stuff. The safety and soundness of the GREs rested in the executive branch under George W Bush.
eh, eh...so you double cross yourself and admit the crash was a result of risky investments that we're sold around the world by the GSE (not GRE) known as Fannie Mae!Republicans only wanted to do away with the GRE so they could be taken private and turned into risky investments of the type that were at the center of the crash.
Yes that Freddy and Fannie stuff help to crate the crash.Look those were Republican ideas. Clinton laid down for the right over and over again on policy. But you are right he went along with bad Republican ideas and it cost the nation dearly.
Stop with the phony Fannie Mae stuff. The safety and soundness of the GREs rested in the executive branch under George W Bush. Republicans only wanted to do away with the GRE so they could be taken private and turned into risky investments of the type that were at the center of the crash. It would have made the collapse infinitely worse had they gotten their way. It was fraud on Wall Street at the center of the collapse. The GREs were just left holding a huge share of it, is all.
How much did Krugman (et al) say the Obama "stimulus" should be? Wasn't that $2 trillion (or more)? So what's right when the Democrats are in charge is wrong when the Republicans take over. Like I said, if you don't have hypocrisy, you don't have a post...No, I hope we don't have one. He has left us more vulnerable than we were before the Bush collapse. It would be instant 2 trillion dollar deficits for as far as the eyes could see.
No. They were trying to prevent the deflation from setting in.No, the whole idea was to goose consumption for the specific purpose of generating price inflation. Which, according to demand side economics fosters more consumption as consumers seek to beat price increases by buying early and often, leading to economic nirvana. Now that inflation is finally showing up (and allowing the Fed to FINALLY terminate its grotesque Quantitative Easing that it used for a decade to keep the Obama depression at bay), suddenly it was a good thing but now it's not. If you don't have hypocrisy, you don't have a post...