The Dow's 31% gain during Trump's first year is the best since FDR

Read my post and learn. The blame Bush meme is all the D's have. Here's a reading list to help you:


Engineering the Financial Crisis - Friedman & Kraus - 2011

Fannie Mae & Freddie Mac - McDonald - 2012

Senseless Panic - William Isaac - 2010

Bad History, Worse Policy - Peter Wallison - 2013

“Government Housing Policies in the Lead-up to the Financial Crisis: A Forensic Study” - Pinto
http://www.aei.org/wp-content/uploa...-to-the-Financial-Crisis-Word-2003-2.5.11.pdf


What Caused the Financial Crisis - Edited by Friedman - 2011

Reckless Endangerment - Morgenson - 2011

Bull by the Horns - Sheila Bair - 2012

Lehman Brothers - A Crisis of Value - McDonald - 2015

Back to Work - Bill Clinton - 2011

All the Devils are Here - McLean - 2010

The Housing Boom and Bust - Dr. Thomas Sowell - 2009

Getting Off Track - Taylor - 2009

Bail Out Nation - Ritholtz - 2009

The Great American Bank Robbery - Sperry - 2011

Shakedown - Malanga - 2010

A Capitalism for the People - Zingales -

Debacle - Norquist - 2012

America's Ticking Bankruptcy Bomb - Ferrara - 2011

 

That's ridiculous and shows a remarkable lack of economic understanding.

 

His mean growth was about 1.8% over all 8 years. Even Jimmy Carter did better.

 

Which is exactly equal to the increase in the price earnings ratio?

 

Extremely informative post that the left needs to read but probably won't.

 

So what. It still is GWB who let this all happen under his 8 year presidency.

 

He didn't make them products of hiding high risk loans in such a way nobody knew what it was about. The banks did that, and GWB let that all happen.

 

Because the subprime mortgage crisis happened under GWB, and his missmanagement of the economy.

 

Jimmy Carter did not have a predecessor who crashed the economy of the entire world.

 

Come'on man. Do some homework instead of essentially blaming FDR for WW2 because it happened when he was President. That's lazy thinking.

 

The recession was over in 2009. And Jimmy Carter's economic policies resulted in a misery index of ~ 23 at it's max. The failure of the Phillips Rule basically debunked Keynesian economics.

 

That's a strawman.

Clinton did not make banks bundle bad loans in a new product and sell them around to unsuspected companies. The banks did that. And GWB let it all happen under his watch for years and years and years, until the bubble popped and let the next guy clean it up.

 

Massive banks went bust all over the place after 2009.
About all received billions in governmental aid, like the US was a communist nation.
So the economy was still in an utterly terrible state.

 

Yes, BUT... when FDR saw those gains, it meant so much more to the american worker than this gain does. Why? Because his gain was reflected domestically, on main street, and these gains do not do that, but reflect how well slave labor globalism is doing for our elites. I can remember the time when a rise in the stock market put more people to work with living wage jobs. This is no longer the case, given globalism, with stocks reflecting how well MNCs are doing who are not using domestic labor in many cases, but slave labor.

But one must not ignore that the 20 percent of working people invested in the market have seen around 40 percent in gains, in their investments, generally made through their employers, and the 80 percent who are at the top, have seen their wealth grow. But their wealth has been growing for a long time. Taxed at capital gains rates. 15 percent. So all ships rise, but most of the ships are at the top. And those working people who do service sector work in this service sector economy are seeing no gains at all, unless they are in the 20 percent. SO, let us be fair about this and reasonable.

 

His interpretation of the CRA did. My post above explains all this. MBS’s have existed for decades and still do. Do some homework - there’s a reading list above.

 

GDP growth was over ~ 2% in the second half of 2009. It was ~ 4% in Q4 of 2009.

 

Yeah, I claimed no one will work there. You're trying so hard, son. It's cute.

I'm willing to bet the people who worked in the old building will move to the new one. Is there anything else I can explain to you?

You want a laboratory version of supply side idiocy? Look at the craphole known as Kansas.

 

Exactly. Trump apologists think that dummie donnie is some kind of exception, that the proven falsehoods of supply side garbage don't really exist, and that the fat orange guy who specializes in bankruptcies know anything about economics. Typical.

 

That doesn't change a thing of what I wrote. You can only pretend the government need to go communistic to keep the banks from falling over and crashing the entire economy if that happened.. Trump has no such problems at all.

 

The higher up the ladder you are the better you do. Such is life. The incentive here is to rise up the ladder and help the next generation do the same. You want everything fair and equitable but that's not real life and our system flawed as it is provides the most benefit to the most people and opportunity to advance.

 

Do some homework? You are unable to dispute what I wrote.

 

It's a new campus. There are no campuses shutting down.

Kansas is a state working in the Obama economy with legislators who would cut spending.

https://www.wsj.com/articles/the-democrats-kansas-distraction-1510701710

 

What banks declared bankruptcy after 2009 ??

 

TARP occurred under Bush 43. The financial crisis was over by the time Obama took office.

 

So you acknowledge that Clinton set the sub-prime loan crisis in motion, and your response is “so what”.

Tell me again why you deserve to be taken seriously????