Bad News, Democrats

PoliticalChic, post: 20604892
Are you able to dispute any of these????

I have responded but get no feedback from you.

I challenged your absurd fake reality that Obama inherited the Great Bush recession of 2008 and made it economically worse for Americans.

And all you post links to reports that prove you are such an idiot to put such an absurdity in writing under your name.

You should be locked up for being so stupid.
 
PoliticalChic, post: 20604892
7. "Even if you leave out the first quarter of 2009—when the recession that started in December 2007 was still ongoing--President Barack Obama has presided over the lowest average first-quarter GDP growth of any president who has served since 1947, which is the earliest year for which the Bureau of Economic Analysis has calculated quarterly GDP growth. " http://www.cnsnews.com/blog/terence...-obama-has-lowest-average-1stq-gdp-growth-any

Trump has not set the world on fire when it comes to long term sustainable GDP at a higher rate than Obama.

Here are some facts:



The economy grew at an annual rate of 2.0 percent during the first three months of this year, according to the most recent official estimate by the Bureau of Economic Analysis. That’s the “real” rate of growth in gross domestic product after accounting for price inflation.

The most recent quarter’s growth is down from the 2.3 percent increase during Trump’s first full year, but still better than the 1.5 percent real GDP growth posted in 2016.

But the most recent 2.0 percent rate is lower than the four best years under Obama: 2.9 percent real growth in 2015, 2.6 percent in 2014, 2.2 percent in 2012 and 2.5 percent in 2010.

And it’s far below the annual growth of 4 percent to 6 percent that Trump promised repeatedly, both when he was a candidate and as president.

The first official estimate for the second quarter of 2018 won’t be released until July 27. However, the “GDP Now” forecast produced by the Federal Reserve Bank of Atlanta projected on July 6 that the second-quarter growth rate will come in at 3.8 percent — almost within the range that Trump promised.

But few if any economists expect sustained growth at anywhere close to what Trump has pledged.

The nonpartisan Congressional Budget Office projects real GDP to grow 3.3 percent this year, and 2.4 percent in 2019, then settle to an average of 1.9 percent for decades to come.

The National Association for Business Economists June survey produced a median forecast of 2.8 percent growth this year and 2.5 percent next year.

The most recent median forecast of the Federal Reserve Board members and Federal Reserve Bank presidents, released June 13, is for 2.8 percent in 2018, 2.4 percent in 2019 and 2.0 percent in 2020.

And of the business and university economists who offered an annual GDP forecast to the Wall Street Journal‘s monthly economic survey in June, the average prediction was for 2.9 percent growth this year, 2.4 percent next year and 1.9 percent in 2020.”

Trump's Numbers (Second Quarterly Update) - FactCheck.org



That simple to understand chart shows how wrong you were to declare that Obama
Made the Great Bush Recession of 2008 worse.
 
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A good campaign strategy is for conservatives to repeat this fact over and over and use Venezuela as an example of socialism’s consequences.

And the Dems should just tell the truth.

They want to take your money and give it to other people in exchange for votes. They want big government so they are ruling over a more powerful government.

If Democrats could figure out a way to take 150% of your paycheck, they would do it.



"Like Father, Like Son – Obama’s Father: Government 100% Taxation of Income OK
October 27, 2008 by Editors


Investor’s Business Daily | Aug. 14, 2008

As a Nairobi bureaucrat, Barack Hussein Obama Sr. advised the pro-Western Kenyan government there to “redistribute” income through higher taxes. He also demonized corporations and called for massive government “investment” in social programs.

Writing in a 1965 scholarly paper, Obama’s late father slammed the administration of then-President Jomo Kenyatta for moving the Third World country away from socialism toward capitalism. He chafed at the idea of relying on private investors — who earn “dividends” on their venture capital — to develop the country’s fledgling economy.

“What is more important is to find means by which we can redistribute our economic gains to the benefit of all,” said the senior Obama, a Harvard-educated economist. “This is the government’s obligation.”

The “means” he had in mind were confiscatory taxes on a scale that redefines the term “progressive taxation.”

“Theoretically,” he wrote, “there is nothing that can stop the government from taxing 100% of income so long as the people get benefits from the government commensurate with their income which is taxed.”

Therefore, he added, “I do not see why the government cannot tax those who have more and syphon some of these revenues into savings which can be utilized in investment for future development.”




NYTimes:
'But he did identify what he called “tactical lessons.” He let himself look too much like “the same old tax-and-spend liberal Democrat.”
The Education of President Obama
Obama was raised by his grandparents and his mother. Obama barely even knew is father.
Shitstain obama worshipped the father he barely knew. He wanted to make his father's dreams real.
 
PoliticalChic, post: 20604892
Are you able to dispute any of these????

I have responded but get no feedback from you.

I challenged your absurd fake reality that Obama inherited the Great Bush recession of 2008 and made it economically worse for Americans.

And all you post links to reports that prove you are such an idiot to put such an absurdity in writing under your name.

You should be locked up for being so stupid.



There was no "the Great Bush recession"


The mortgage meltdown was due to Democrats invading the private housing market, and forcing banks to give NINJA loans.


Bush warned the Democrats 17 times as to what they were creating.




1. Democrat FDR shredded the Constitution....ignoring article I, section 8, the enumerated powers.

He created GSE's Fannie, and his drones followed with Freddie, to do something the Constitution didn't authorize: meddle in housing.


2. Democrat Carter....the CRA, constraining banking policy


3. Democrat Clinton....strengthened the CRA

Under Clinton, HUD threatened banks, again, to give unrequited loans.

Henchmen: Democrats Cisneros and Cuomo.


4. Democrats Frank and Dodd barred any governmental discipline in this area.

It was Democrats and Democrat policies that caused the Mortgage Meltdown


That's the CliffNotes version.

I don't believe you can handle the details.

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PoliticalChic, post: 20604892
Are you able to dispute any of these????

I have responded but get no feedback from you.

I challenged your absurd fake reality that Obama inherited the Great Bush recession of 2008 and made it economically worse for Americans.

And all you post links to reports that prove you are such an idiot to put such an absurdity in writing under your name.

You should be locked up for being so stupid.



There was no "the Great Bush recession"
sure there was; that was when i learned how to practice full body massage with happy ending on women.
 
I am never wrong.

This is more so a sign of a mental condition than anything.

Here's what it would take for me to believe your weekly fabricated crackpot theory. Show me the plans, quotes, paper trail, digital fingerprint reinforcing that democrats now want slavery. Myself and my generation tend to not want that according to the common american historical context.

I feel I need to remind you that Socialism vs. Capitalism is not a binary system. I'm perplexed at how so many have been convinced that it is. In actuality, any policy, individual, group, or party cumulatively will exist on a spectrum between the two. A policy or two may be out on the edge either way or anywhere in between. A collection of policies will average out somewhere in the middle. It would be the rhetoric if anything that would display a solid yes or no perspective on socialism.

Democrats seem to be more concerned and aware of the deficiencies of capitalism. Since your quote from 1854(kek), we have seen numerous examples of the failings or weaknesses of capitalism. It's still a net positive and cornerstone of our society. There is no better motivation in living organisms than competition for scarce resources. Survival is #1, and 1a is procreation which is still survival but of the hereditary line. Humans are no exception and even takes competition further with our ingenious and collaborative capabilities. But where capitalism fails is where we are looking at a broader range of solutions including those that are more socialist. There tends to be perennial problems that the implemented form of capitalism isnt now and wont resolve. In those situations, why not expand the possible solution set? Even just at a state level on some things, there is good reason to review the system, identify problems, discuss and try different solutions. If you consider the american economy as a single unit, then making some system adjustments to ensure the machine keeps running is competitive on the international scale.


You just proved that I am never wrong, you dunce.
What a brainless post. Where's the paper trail that today's Democrats are pro slavery like you gleefully proclaimed? It's just another of those fantasies that the right schemes and contrives from their echo chamber.
 
I am never wrong.

This is more so a sign of a mental condition than anything.

Here's what it would take for me to believe your weekly fabricated crackpot theory. Show me the plans, quotes, paper trail, digital fingerprint reinforcing that democrats now want slavery. Myself and my generation tend to not want that according to the common american historical context.

I feel I need to remind you that Socialism vs. Capitalism is not a binary system. I'm perplexed at how so many have been convinced that it is. In actuality, any policy, individual, group, or party cumulatively will exist on a spectrum between the two. A policy or two may be out on the edge either way or anywhere in between. A collection of policies will average out somewhere in the middle. It would be the rhetoric if anything that would display a solid yes or no perspective on socialism.

Democrats seem to be more concerned and aware of the deficiencies of capitalism. Since your quote from 1854(kek), we have seen numerous examples of the failings or weaknesses of capitalism. It's still a net positive and cornerstone of our society. There is no better motivation in living organisms than competition for scarce resources. Survival is #1, and 1a is procreation which is still survival but of the hereditary line. Humans are no exception and even takes competition further with our ingenious and collaborative capabilities. But where capitalism fails is where we are looking at a broader range of solutions including those that are more socialist. There tends to be perennial problems that the implemented form of capitalism isnt now and wont resolve. In those situations, why not expand the possible solution set? Even just at a state level on some things, there is good reason to review the system, identify problems, discuss and try different solutions. If you consider the american economy as a single unit, then making some system adjustments to ensure the machine keeps running is competitive on the international scale.


You just proved that I am never wrong, you dunce.
What a brainless post. Where's the paper trail that today's Democrats are pro slavery like you gleefully proclaimed? It's just another of those fantasies that the right schemes and contrives from their echo chamber.



The man who personified the Democrat Party for many years, and is still, strangely, popular, has been a racist his entire life.

Bill Clinton.

Need me to prove that, you moron?
 
PoliticalChic, post: 20611209
There was no "the Great Bush recession"

He was President when it hit. You need to ask yourself this:

Why didn't George W. Bush regulate credit default swaps during his 8 years?

You are so duped by the right wing fake reality machine.

The subprime mortgage crisis was caused by hedge funds, banks and insurance companies. The first two created mortgage-backed securities. The insurance companies covered them with credit default swaps. Demand for mortgages led to an asset bubble in housing
 
Socialism always makes for a bad economy... no two ways about it
 
PoliticalChic, post: 20611209
There was no "the Great Bush recession"

He was President when it hit. You need to ask yourself this:

Why didn't George W. Bush regulate credit default swaps during his 8 years?

You are so duped by the right wing fake reality machine.

The subprime mortgage crisis was caused by hedge funds, banks and insurance companies. The first two created mortgage-backed securities. The insurance companies covered them with credit default swaps. Demand for mortgages led to an asset bubble in housing


Don't worry, dunce.....I'm here to help you.


"Democrats Were Wrong on Fannie Mae and Freddie Mac
The White House called for tighter regulation 17 times.


Seventeen. That's how many times, according to this White House statement (hat tip Gateway Pundit), that the Bush administration has called for tighter regulation of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac.

Much if not all of that could have been prevented by a bill cosponsored by John McCain and supported by all the Republicans and opposed by all the Democrats in the Senate Banking Committee in 2005. That bill, which the Democrats stopped from passing, would have prohibited the GSEs from speculating on the mortgage-based securities they packaged. The GSEs' mission allegedly justifying their quasi-governmental status was to package or securitize such mortgages, but the lion's share of their profits—which determined top executives' bonuses—came from speculation. "http://www.usnews.com/opinion/blogs...rats-were-wrong-on-fannie-mae-and-freddie-mac



"Yet Barney Frank and his chums blocked all Bush's attempts to put a rein on Raines. During the House Financial Services Committee hearing following Bush's initiative, Frank declared: "The more people exaggerate a threat of safety and soundness [at Freddie Mac and Fannie Mae], the more people conjure up the possibility of serious financial losses to the Treasury which I do not see. I think we see entities that are fundamentally sound financially." His colleague on the committee, the California Democrat Maxine Walters, said: "There were nearly a dozen hearings where we were trying to fix something that wasn't broke. Mr Chairman, we do not have a crisis at Freddie Mac and particularly at Fannie Mae under the outstanding leadership of Mr Franklin Raines." Bubble Meter: Barney Frank and Christopher Dodd deserve blame for Fannie and Freddie



Here's the prob for Liberals....when you're a part of the 'masses'.....sometimes the 'm' is silent.

Take notes.
 
PoliticalChic, post: 20621553
Don't worry, dunce.....I'm here to help you.

So you cannot explain why lil Dubya didn’t put a stop to credit default swaps. He did not ever try. Defaults on mortgages alone would not have brought about the total collapse of the banking and insurance industry.

Anyway you are still the idiot that wrote that Obama made the economy worse. I know now you are a liar because you do know there was an economic meltdown known as the Great Bush recession.
 
PoliticalChic, post: 20621553
That bill, which the Democrats stopped from passing, would have prohibited the GSEs from speculating on the mortgage-based securities they packaged.

GSE’s were not big enough fish to produce the Great Bush Recession. Look to Wall Street moron.

Do you actually think the Fannie and Freddie defaults are the entire cause of the Great Bush Recession?

If you do you are ignorant.
 
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