The chart that shows when the US economy began freefall

Discussion in 'Economy' started by Truthmatters, Nov 20, 2010.

  1. Truthmatters
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  2. Truthmatters
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    Its was in january of 2006.

    Guess what that conclusively proves.

    The right OWNS this downturn.
     
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  3. Iowa10000
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    Kind of shows what was happening in 2007 doesn't it. A freefall due to coruption in the banking and realestate business.
    Does anyone realize how bad it would have gotten if someone who took over didn't have the balls to take the bull by the horns and drag him down.

    Things haven't gotten back to where they were at the top of the out of control housing market or should they, but they are on at least a semi stable footing now.
     
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    Last edited: Nov 20, 2010
  5. Truthmatters
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    The right cant even blame the 2007 newly elected congress.
     
  6. RetiredGySgt
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    And just a couple months before that Barney Frank explained why He and Chris Dodd were leading the Democratic effort to thwart any new regs or safe guards on the Housing market. Their reason? He insisted that not only was the Housing market sound, but if the Fed created any new safe Guards it would damage the supposedly sound and thriving Housing Market.

    He did the same 2 other times prior to 2008. Bush tried TWICE to rein in the Fanny and Freddie disaster and Dodd and Franks rallied enough support to thwart him both times. McCain tried a third time and AGAIN Barney Franks and Chris Dodd stopped the effort.

    GO figure.
     
  7. william the wie
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    william the wie Gold Member

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    This thread is a bit late as a warning
     
  8. code1211
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    code1211 Senior Member

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    Wasn't November 2006 the month that Harry met Nancy?

    Let's assume that you are correct. The Right owns the downturn. That was four years ago.

    The Left owns the recovery. How's that recovery coming along? How are those plans working out? How's that legislative agenda helping the economy? Where is the bold and enlightened plan to lead us to the promised land?

    You know, I think you might be able to trace this back to 1066 and pin the blame on William the Conquerer. There have been a few years and events that have intervened since then, but really, once we appoint a villain, I say we stick with him.
     
    Last edited: Nov 20, 2010
  9. antagon
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    antagon The Man

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    this is bullshit, sergeant. bush and both parties' legislators were lapping up the housing-led economy. you keep shoveling this shit about bush trying something with no evidence but his hearsay long after the collapse. nothing but praise came from him publicly as he stroked himself for record homeownership. it only shows the extent that you're willing to shame yourself for your partisan idolatry.

    wipe your chin, man.
     
  10. RetiredGySgt
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    All 3 attempts to rein in Fanny and Freddy and to regulate the Housing market are facts, they are available from the legislative record. Moron. And Barney Franks words are available as well from 2008 since he made them and they were recorded.
     

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