The $60.0 tril U. S. Credit Market would otherwise be enriching every person on the planet, $8,500.00 per person. That would be $34,000.00 per family of four. Instead, Romney-Ryan-Boehner-Cantor-McConnell-Jindal-Gingrich, Paul, Paul, et. al. took Jesus Christ away from America--likely trying to confuse the Mormons(?)!
The population of the United States is only about 5% of the 7 bil. person total. Even in the United States, not that many houeholds are enriched $170,000.00 per person, $680,000.00. Instead, in the United States, the poor were unable to pay the mortgages, and the rich thought they actually had asset-backed paper. The rich houses all came tumbling on down.
The rest is the stuff of legend. Bush-Cheney-Paulson took out more credit, and sent it off to the bankers instead. These were the business experts, after all(?)! Surely they would know what to do with the money. Clearly they kept it for themselves(?)!
Actually, Obama is only half-White, and mostly everyone credits Biden with being. . .Vice President Biden. Reagan had taken what deficit there was, and sent it off to the already prosperous defense contractors. Obama would take what deficit there was, and send it off to the state and local bureaucrats, and to the school and public colleges, and university, employed. Some of the folks at university were making incomes between $250,000.00 and $400,000.00 per year. The Ivy League knew better than to be at all concerned with a tax base.
Obama-Biden created the Refundable "Make-Work-Pay-Income-Tax-Credit," at $400.00 per person or so. That went on for two years. Then Obama-McConnell got Boehner-Cantor to agree to the 2% payroll tax holiday. Boehner-Cantor(?)-Romney(?) were not about to have anything to do with the Christ-inspired, "Make-Work-Pay-Income-Tax-Credit." If Jesus Christ had visited America once before, apparently the reasoning ran. . .then there was no further reasoning to have the Little Jew, around again(?)!
The Party of Abraham Lincoln is quaint, about these matters.
So other measures were taken to prop up the housing market. Now there are home sales increasing 2% every month, and Home Depot is becoming a major stock of investing interest! Lowe's is already becoming a major stock of investing interest.
Lowe's earnings, stock keep improving - The Buzz - Investment and Stock Market News
The customary trick of fiscal "austerity," of 19th century European Throwback tradition, is to keep what money there is among the rich, who hoard it, and make sure that people cannot pay the mortgages. What the rich are hoarding becomes of no further value anymore, as an outcome. That is called reasoning failure, anywhere worldwide--with the notable exceptions of Harvard, Yale, Princeton, Cornell, Columbia, Dartmouth, U of Pennsylvania, Brown, Ole' Miss(?). . .and virtually all of any others that so aspire.
Credit Market run economies--even according to Karl Marx, (no relation to Groucho, Harpo, or the other ones famous)--Credit Market run economies are necessarily inclusive in their nature. The credit has to be repaid. That requires a paying market.
That is a "gifted" market! France actually understands about taxing the hoarded credit!
"Crow, James Crow: Shaken, Not Stirred!"
(Maybe Romneys come to Lands of Many Nations! Buy up Turquoise! Hoard It! Live Happily ever after, awash in plenty cold cereal!)
The population of the United States is only about 5% of the 7 bil. person total. Even in the United States, not that many houeholds are enriched $170,000.00 per person, $680,000.00. Instead, in the United States, the poor were unable to pay the mortgages, and the rich thought they actually had asset-backed paper. The rich houses all came tumbling on down.
The rest is the stuff of legend. Bush-Cheney-Paulson took out more credit, and sent it off to the bankers instead. These were the business experts, after all(?)! Surely they would know what to do with the money. Clearly they kept it for themselves(?)!
Actually, Obama is only half-White, and mostly everyone credits Biden with being. . .Vice President Biden. Reagan had taken what deficit there was, and sent it off to the already prosperous defense contractors. Obama would take what deficit there was, and send it off to the state and local bureaucrats, and to the school and public colleges, and university, employed. Some of the folks at university were making incomes between $250,000.00 and $400,000.00 per year. The Ivy League knew better than to be at all concerned with a tax base.
Obama-Biden created the Refundable "Make-Work-Pay-Income-Tax-Credit," at $400.00 per person or so. That went on for two years. Then Obama-McConnell got Boehner-Cantor to agree to the 2% payroll tax holiday. Boehner-Cantor(?)-Romney(?) were not about to have anything to do with the Christ-inspired, "Make-Work-Pay-Income-Tax-Credit." If Jesus Christ had visited America once before, apparently the reasoning ran. . .then there was no further reasoning to have the Little Jew, around again(?)!
The Party of Abraham Lincoln is quaint, about these matters.
So other measures were taken to prop up the housing market. Now there are home sales increasing 2% every month, and Home Depot is becoming a major stock of investing interest! Lowe's is already becoming a major stock of investing interest.
Lowe's earnings, stock keep improving - The Buzz - Investment and Stock Market News
The customary trick of fiscal "austerity," of 19th century European Throwback tradition, is to keep what money there is among the rich, who hoard it, and make sure that people cannot pay the mortgages. What the rich are hoarding becomes of no further value anymore, as an outcome. That is called reasoning failure, anywhere worldwide--with the notable exceptions of Harvard, Yale, Princeton, Cornell, Columbia, Dartmouth, U of Pennsylvania, Brown, Ole' Miss(?). . .and virtually all of any others that so aspire.
Credit Market run economies--even according to Karl Marx, (no relation to Groucho, Harpo, or the other ones famous)--Credit Market run economies are necessarily inclusive in their nature. The credit has to be repaid. That requires a paying market.
That is a "gifted" market! France actually understands about taxing the hoarded credit!
"Crow, James Crow: Shaken, Not Stirred!"
(Maybe Romneys come to Lands of Many Nations! Buy up Turquoise! Hoard It! Live Happily ever after, awash in plenty cold cereal!)
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