For once, I would like a GOP president to clean up their own economic mess

Discussion in 'Political Opinions & Beliefs' started by Quantum Nerd, Aug 22, 2019.

  1. struth

    struth Well-Known Member

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    I agree about the budget. We aren’t talking about budgets here. We are talking about the lefts refusals to do anything about Fannie and Freddie
     
  2. struth

    struth Well-Known Member

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    As established it was the dems refusal to regulate Fannie and Freddie that caused it.
     
  3. Daggdag

    Daggdag Well-Known Member

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    The great recession was caused by the repeal of numerous vital regulations by the GOP when they took control of both houses from 1995 -2007.
     
  4. dairyair

    dairyair Well-Known Member

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    The deficit we have this year, is from last years budget. All R, all the time.
    You are the only one splitting. Wrong years.
    Next years budget and deficit will be split by this years R senate and prez and D house.
    You need to understand seated year vs fiscal year.
     
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  5. dairyair

    dairyair Well-Known Member

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    LOL. OMG.
    Dems didn't have nothing to do with those years. Those were all years controlled by Bush and R congress.
    If R's wanted to regulate fannie and freddie, they could have. But they bought into Bush's every American in their home policy.
    It's all very well documented. Just not by RW progaganda sites.
     
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  6. dairyair

    dairyair Well-Known Member

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    We are talking about the greatest recession ever. Which took full force in late 2007.

    Which the D's weren't seated until early 2007. And had much of nothing to do with the policies through 2007. Except to help Bush pass his aggressive stimulus packages. By then it was too late, the damage was done and the congress was in plug the holes in the boat mode at that time.
     
  7. dairyair

    dairyair Well-Known Member

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    Glas-Stegall repeal was the biggie.

    Hard to believe we have to educate these well known facts again. It went on ad nauseum for years while the greatest recession was going on.
     
  8. Daggdag

    Daggdag Well-Known Member

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    Glass-Stegall, and a number of housing and mortgage regulations, played the biggest part.
     
  9. struth

    struth Well-Known Member

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    2008.

    They very much had a lot to do with the policies and obstruction.
     
  10. DennisTate

    DennisTate Well-Known Member Past Donor

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    My prediction is that President Trump along with his 156 or so IQ points will not only deal with
    the negative repercussions of his own decisions but.... he will also deal with the possibility of
    a one hundred trillion dollar meltdown in the world's DERIVATIVES market that we were warned
    about by CIA economist Mr. Jim Rickards back in 2014........... (now who was President back in those days)??????

    http://www.politicalforum.com/index...assive-ice-melt.559700/page-3#post-1070906854

    Heat wave over Greenland causing massive ice melt


     
  11. garyd

    garyd Well-Known Member

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    Had Obama had a Democratic congress the deficit would have been even higher and Americans of all classes would have been much broker because their taxes would have been higher. Sadly for the most part all he had was a neocon congress which still tends to spend too much. There are a lot of things I blame the empty suit in black face for the deficit isn't generally one of them although his signature program, the ACA was a primary driver of the increase in debt.
     
  12. garyd

    garyd Well-Known Member

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    Except it shows no such thing. and this screed jest shows your belief that there isn't enough debt and too many people have jobs. The Veto is pretty much useless to day has been since Gerald Ford. Especially so if you are a Republican..
     
  13. garyd

    garyd Well-Known Member

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    And Democrats attacked Bush Hypocrisy on that score is wide spread, and goes back decades.
     
  14. garyd

    garyd Well-Known Member

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    Another one blaming Bush and REpublicans for the stonewalling of reforms of Fanny and Freddie by Dems in 2003 to 2006 that could have headed of the bursting of the housing bubble or at lest given us a softer landing.
     
  15. Natty Bumpo

    Natty Bumpo Well-Known Member

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    Is Trump's contrived trade war with China (along with its collateral, international as well as its self-inflicted damage) comparable to the Bush's disastrous, fraudulently-pretexted attempt to impose a permanent US military presence in Iraq in your mind?

    The Hapless Duo, Dubby and Tubby
    Screen Shot 2019-08-24 at 7.59.02 AM.png
    [​IMG]
    I can see where you would contemplate the dire consequences and diminution of US influence as equally calamitous for America, but we must await the final damage assessment for the latter that is still wreaking its havoc - and Fake Don's current lashing out at his own entourage of throttlebottoms is hardly comforting.

    [​IMG]
    "THERE IS NO REASON TO PANIC
    - Just divert your attention to, ah, junior reps who are non-white and female!
    Yeah, that's it! That's the ticket!"
     
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  16. HereWeGoAgain

    HereWeGoAgain Banned

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    We can't survive another term of trump. The planet can't survive another term of trump.
     
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  17. rahl

    rahl Banned

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    Except I am objectively correct. The data is perfectly clear.
     
  18. garyd

    garyd Well-Known Member

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    No you are not the only study I know of, if you can call it that was by motley fool and it barely skimmed the surface.
     
  19. rahl

    rahl Banned

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    The data won’t go away because it clashes with your ideology. Reality is what it is.
     
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  20. garyd

    garyd Well-Known Member

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    The data in total does not support your position.
     
  21. fmw

    fmw Well-Known Member

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    For once, I would like a GOP president to clean up their own economic mess

    I hate to tell you but presidents can't clean up economic messes. They can create policies that move the economy slightly positively or negatively. But they can't fix what the swamp creates. The swamp won't allow it.
     
  22. garyd

    garyd Well-Known Member

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    No it was not. The only regulation removed was a bit of redundant anti trust legislation called Glass Steagle. Repeal Glass steagle was responsible for an increase in the mergers of various financial institutions. In essence it allowed them to become to big to fail. There was nothing in it that could or would address the problems within the housing bubble driven by the compensation packages of the Clinton cronies running Fannie and Freddie at the time
     
  23. Jiminy

    Jiminy Well-Known Member

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    Well, at least you warned us you would about to engage in BS.
     
  24. rahl

    rahl Banned

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    Of course it does. It shows the economy has been on the exact same unchanging upward trend since 2010. That is empirical fact.
     
  25. garyd

    garyd Well-Known Member

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    What I stated sir is the truth if you wish to continue to wallow in the trough of codswallop misinformation and lies yo put forth in your first post be my guest. But be forewarned I will. as I see fit, supply the truth in response to your dodging of reality.
     

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