Democrats Have Always Destroyed the Economy

[edthecynic]

Dumbass republicans post Obama had a crap economy in one post and then post how great the Republican Congress did with the same economy in the next. Idiots. Republican Presidents tank the economy every time. Trump is working hard to kill the longest expansion ever which historians are already calling the “Obama expansion”.

Clinton caused the Great Recession with his left wing mortgage policies.
Clinton handed President Bush his tech-stock bubble recession on his first day in office.
Liberals are big fat liars... always have been

Clinton's mortgage policies required a downpayment from a qualified buyer with good credit, Bush on the other hand allowed no downpayment loans to unqualified borrowers with bad credit.
And in this very thread the Right were claiming that the great Clinton economy was solely due to the GOP takeover of the House and Senate after the 1994 election.

 

[22lcidw]

Notice how none of the Wing-nuts can answer my question!

Then the Democrats took Congress in 2007 and promptly destroyed the economy.

So what law exactly did the Dems pass in 2007 over Bush's veto that "promptly destroyed the economy?"

W. Bush warned of the housing situation in 2002. The congress and senate were close in political numbers and the frauds within each party did not pay attention to the issue. It dragged on until the collapse in 2007. In 2010 Dodd/Frank was enacted. To late...after the fact and made things worse as the loans that did not collapse were tightened even further. Our buddies. They would have done nothing in 2002 and did nothing before the collapse. Tens of millions of people with mortgages suffered with many losing much of their life savings. A pox on you.

 

[edthecynic]

Notice how none of the Wing-nuts can answer my question!

Then the Democrats took Congress in 2007 and promptly destroyed the economy.

So what law exactly did the Dems pass in 2007 over Bush's veto that "promptly destroyed the economy?"

W. Bush warned of the housing situation in 2002. The congress and senate were close in political numbers and the frauds within each party did not pay attention to the issue. It dragged on until the collapse in 2007. In 2010 Dodd/Frank was enacted. To late...after the fact and made things worse as the loans that did not collapse were tightened even further. Our buddies. They would have done nothing in 2002 and did nothing before the collapse. Tens of millions of people with mortgages suffered with many losing much of their life savings. A pox on you.

Bush may have "warned" but he and the GOP blocked every attempt to fix the problem in committee except one bill that got out of the House only to have the GOP controlled Senate refuse to bring it to the floor for a vote. It was only after the Dems took over the House and Senate that Pelosi got a reform bill passed and signed into law.

 

[22lcidw]

Notice how none of the Wing-nuts can answer my question!

Then the Democrats took Congress in 2007 and promptly destroyed the economy.

So what law exactly did the Dems pass in 2007 over Bush's veto that "promptly destroyed the economy?"

W. Bush warned of the housing situation in 2002. The congress and senate were close in political numbers and the frauds within each party did not pay attention to the issue. It dragged on until the collapse in 2007. In 2010 Dodd/Frank was enacted. To late...after the fact and made things worse as the loans that did not collapse were tightened even further. Our buddies. They would have done nothing in 2002 and did nothing before the collapse. Tens of millions of people with mortgages suffered with many losing much of their life savings. A pox on you.

Bush may have "warned" but he and the GOP blocked every attempt to fix the problem in committee except one bill that got out of the House only to have the GOP controlled Senate refuse to bring it to the floor for a vote. It was only after the Dems took over the House and Senate that Pelosi got a reform bill passed and signed into law.

The Progs wanted people who did not ever pay loans back to get mortgages. And they did.

 

[Mac1958]

The Meltdown, explained

 

[Faun]

Notice how none of the Wing-nuts can answer my question!

Then the Democrats took Congress in 2007 and promptly destroyed the economy.

So what law exactly did the Dems pass in 2007 over Bush's veto that "promptly destroyed the economy?"

W. Bush warned of the housing situation in 2002. The congress and senate were close in political numbers and the frauds within each party did not pay attention to the issue. It dragged on until the collapse in 2007. In 2010 Dodd/Frank was enacted. To late...after the fact and made things worse as the loans that did not collapse were tightened even further. Our buddies. They would have done nothing in 2002 and did nothing before the collapse. Tens of millions of people with mortgages suffered with many losing much of their life savings. A pox on you.

Bush may have "warned" but he and the GOP blocked every attempt to fix the problem in committee except one bill that got out of the House only to have the GOP controlled Senate refuse to bring it to the floor for a vote. It was only after the Dems took over the House and Senate that Pelosi got a reform bill passed and signed into law.

The Progs wanted people who did not ever pay loans back to get mortgages. And they did.

Liar.

People were paying their mortgages until interest rates when up and their one percent ARMS doubled and tripled their monthly payments. Then there were all the people who were purchasing multiple properties at that time in order to flip them. Many simply walked away from their loans when the housing markets began sinking and house prices nose dived where It made more financial sense to simply walk away from investments that were underwater.

 

[BluesLegend]

Bush was just as much behind it as any of the clueless neo-clowns.

Bush, Republicans, Democrats, the entire stupid shit political apparatus had a hand in it. When it blew up all those dumb asses in politics ran to the tv cameras to blame someone else.

^^^ that's how a true fiscal conservative see's it.

And whenever the fiscal policies of a true CON$ervative blows up in their faces and they can't weasel out of it, they blame both sides and their cousins too.

LOL name the policy or admit that you are deflecting.

 

[LeftofLeft]

Then the Democrats took Congress in 2007 and promptly destroyed the economy.

So what law exactly did the Dems pass in 2007 over Bush's veto that "promptly destroyed the economy?"

The executive branch under Bush missed every sign of Wall Street run amuck. Thank God Obama steered us consistently upward.

Bush’s biggest mistake is that he did not fight the Democrats hard enough on Fannie Mae and Mortgage Government-backed securities. Democrats and their cronies in Fannie Mae thought it would be wise to egregiously relax financial criteria so more poor people could get more house that they could not afford.

 

[NoVote]

Democrats want Americans to have the same level of living conditions that the rest of the world has. Because of this, they work against American interests.

And THAT'S really what it's all about with the skumtards, GLOBALISM then CONTROL

 

[Faun]

Bush was just as much behind it as any of the clueless neo-clowns.

Bush, Republicans, Democrats, the entire stupid shit political apparatus had a hand in it. When it blew up all those dumb asses in politics ran to the tv cameras to blame someone else.

^^^ that's how a true fiscal conservative see's it.

And whenever the fiscal policies of a true CON$ervative blows up in their faces and they can't weasel out of it, they blame both sides and their cousins too.

LOL name the policy or admit that you are deflecting.

Cutting taxes during wartime.

 

[BluesLegend]

Bush was just as much behind it as any of the clueless neo-clowns.

Bush, Republicans, Democrats, the entire stupid shit political apparatus had a hand in it. When it blew up all those dumb asses in politics ran to the tv cameras to blame someone else.

^^^ that's how a true fiscal conservative see's it.

And whenever the fiscal policies of a true CON$ervative blows up in their faces and they can't weasel out of it, they blame both sides and their cousins too.

LOL name the policy or admit that you are deflecting.

Cutting taxes during wartime.

A simpleton view. Are you claiming cutting taxes had no benefit?

 

[Lesh]

Welcome to backwards world folks.

Newsflash...the Clinton years were an unparalleled economic success and the Bush years lead to the worst economic disaster since the Great Depression.

Jesus people...the OP is batshit crazy

 

[Terri4Trump]

Clinton caused the Great Recession with his left wing mortgage policies.
Clinton handed President Bush his tech-stock bubble recession on his first day in office.
Liberals are big fat liars... always have been

Correct. Thank you.

 

[Faun]

Notice how none of the Wing-nuts can answer my question!

Then the Democrats took Congress in 2007 and promptly destroyed the economy.

So what law exactly did the Dems pass in 2007 over Bush's veto that "promptly destroyed the economy?"

W. Bush warned of the housing situation in 2002. The congress and senate were close in political numbers and the frauds within each party did not pay attention to the issue. It dragged on until the collapse in 2007. In 2010 Dodd/Frank was enacted. To late...after the fact and made things worse as the loans that did not collapse were tightened even further. Our buddies. They would have done nothing in 2002 and did nothing before the collapse. Tens of millions of people with mortgages suffered with many losing much of their life savings. A pox on you.

Bush may have "warned" but he and the GOP blocked every attempt to fix the problem in committee except one bill that got out of the House only to have the GOP controlled Senate refuse to bring it to the floor for a vote. It was only after the Dems took over the House and Senate that Pelosi got a reform bill passed and signed into law.

And even the one bill that made it out of the House got ripped to shreds by Bush...

Statement of Administration Policy: H.R. 1461 - Federal Housing Finance Reform Act of 2005

October 26, 2005

STATEMENT OF ADMINISTRATION POLICY

The Administration has long called for legislation to create a stronger, more effective regulatory regime to improve oversight of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks ("housing government-sponsored enterprises" or "housing GSEs") and appreciates the considerable efforts of Chairman Oxley and Chairman Baker in crafting H.R. 1461. However,

H.R. 1461 fails to include key elements that are essential to protect the safety and soundness of the housing finance system and the broader financial system at large. As a result, the Administration opposes the bill.

more...​

 

[jknowgood]

Dumbass republicans post Obama had a crap economy in one post and then post how great the Republican Congress did with the same economy in the next. Idiots. Republican Presidents tank the economy every time. Trump is working hard to kill the longest expansion ever which historians are already calling the “Obama expansion”.

 

[Faun]

Bush was just as much behind it as any of the clueless neo-clowns.

Bush, Republicans, Democrats, the entire stupid shit political apparatus had a hand in it. When it blew up all those dumb asses in politics ran to the tv cameras to blame someone else.

^^^ that's how a true fiscal conservative see's it.

And whenever the fiscal policies of a true CON$ervative blows up in their faces and they can't weasel out of it, they blame both sides and their cousins too.

LOL name the policy or admit that you are deflecting.

Cutting taxes during wartime.

A simpleton view. Are you claiming cutting taxes had no benefit?

During war time it exploded our deficits and debt.

 

[Faun]

Dumbass republicans post Obama had a crap economy in one post and then post how great the Republican Congress did with the same economy in the next. Idiots. Republican Presidents tank the economy every time. Trump is working hard to kill the longest expansion ever which historians are already calling the “Obama expansion”.

Clinton caused the Great Recession with his left wing mortgage policies.
Clinton handed President Bush his tech-stock bubble recession on his first day in office.
Liberals are big fat liars... always have been

That's a lie -- there was no recession on the day Bush became president.

http://www.nber.org/cycles.html

Like I always say, if conservatives didn't lie, they'd have absolutely nothing to say.

 

[Terri4Trump]

During war time it exploded our deficits and debt.

Obama incurred more debt than all previous president combined your dickless worm. Where was your big fat faggot-ass mouth then.

THE OP STANDS AS FACTUAL AND TRUE:

The biggest propaganda lie ever concocted and foisted upon the American people is the lie that Bush caused our economic crisis. He did not.

Before the Democrats took Congress in 2007 unemployment was 4.1%, gas was $1.70 a gallon, and the economy was expanding.

Then the Democrats took Congress in 2007 and promptly destroyed the economy. When Obama became president in 2009 he made it twice as bad.

Let’s do a little math here:

Bush was president for 8 years, from 2001 to 2009.

As I said, in 2007 unemployment was 4.1% and the economy was expanding. That is SIX years into the Bush presidency mind you - SIX OUT OF EIGHT. (And BTW: 4.1% is almost perfect since there is no such thing as a 0% rate.)

Now, can anyone explain to me why the first six years of the eight-year Bush presidency was just fine, and then magically, when the Democrats took over Congress, the economy tanked? Simple: The Democrats took power. When they took power they pushed their social engineering policy of trying to let minorities who wants to own a house own a house whether they could afford it or not. All the bad loans the banks made, they were browbeat into that by the Left. And THAT was the first domino in line to fall.

As I said: The biggest propaganda lie ever concocted and foisted upon the American people is the lie that Bush caused our economic crisis. In fact, Democrats did, with policies that can find their genesis in the Clinton years

Stay tuned for Part Two.........

Good Bush economy attacked, bad Obama economy ignored by media
Obama didn't end the Great Recession that Bush didn't cause - AEI

 

[Lesh]

Name the new policies that Obama enacted to incur that debt. I'll even spot you the Stimulus. So now all you have to do is come up with 9.2 trillion in new policies enacted under the Obama Admin.

You won't...because you're full of shit.

The fact is, the debt increased because of the huge loss of revenue due to that Great Recession and because of existing economic policies..ya know from the previous Republican Administration.

Stop lying. People aren't as stupid as you'd like to believe

 

[Faun]

Notice how none of the Wing-nuts can answer my question!

Then the Democrats took Congress in 2007 and promptly destroyed the economy.

So what law exactly did the Dems pass in 2007 over Bush's veto that "promptly destroyed the economy?"

W. Bush warned of the housing situation in 2002. The congress and senate were close in political numbers and the frauds within each party did not pay attention to the issue. It dragged on until the collapse in 2007. In 2010 Dodd/Frank was enacted. To late...after the fact and made things worse as the loans that did not collapse were tightened even further. Our buddies. They would have done nothing in 2002 and did nothing before the collapse. Tens of millions of people with mortgages suffered with many losing much of their life savings. A pox on you.

2001: Republican
2002: Republican
2003: Republican
2004: Republican
2005: Republican
2006: Republican
2007: Democrat

Plus that whole time, we had a Republican president.

Republicans/conservatives: "It's Democrats' fault!"