Yup... that's totally 100% correct.
While Donald Trump donated $175,860 more to Democrats than Republicans from 1989 to 2010, his giving to Democrats significantly decreased beginning 2011.
Ballotpedia: The Encyclopedia of American Politics
ballotpedia.org
He at various times has voiced support of single-payer health care, a 14.25 percent wealth tax, and an assault weapons ban — all positions that he has reversed. In addition, in 1999, he proclaimed Republicans "too crazy right."
The man making a strong showing for the GOP presidential nomination also has a remarkably inconsistent track record as a conservative.
www.npr.org
So why did Trump become a former Democrat?
Remember Trump experienced the "Great Depression" that was totally caused by Obama's 1995 lawsuit that allowed poor credit borrowers get financed by Fannie and Freddie, Federal government loans guaranteed!
So Trump lived through that as did many Democrats... like Barney Frank of whom it seems many of you Trump haters have NO knowledge of!
Barney Frank was a Democrat, Frank served as chairman of the House Financial Services Committee from 2007 to 2011 and was a leading co-sponsor of the 2010 Dodd–Frank Act.
en.wikipedia.org
In simple terms for commentators like you with minimum knowledge and KNOWN 8.5 seconds attention span... The "great depression" was caused by Democrats who voted for easing up on credit standards to buy homes. And Trump lived through it as DID I!
Again.. 1995 Obama filed lawsuit against Citibank regarding "red lining" and this relaxing of credit standards
for poorer credit borrowers did as the well known Democrat Barney Frank admits!!
Pressure from liberal lawmakers like Barney Frank to buy up risky mortgages was also a factor in triggering the mortgage crisis, judging from a story in the New York Times. For example, “a high-ranking Democrat telephoned executives and screamed at them to purchase more loans from low-income borrowers, according to a Congressional source.”
The executives of government-backed mortgage giants Fannie Mae and Freddie Mac “eventually yielded to those pressures, effectively wagering that if things got too bad, the government would bail them out.
Former House Banking Committee Chairman Barney Frank (D-Mass.) tenaciously opposed efforts to reform Fannie Mae and Freddie Mac, the government-sponsored mortgage giants that were bailed out at a cost to taxpayers of between $148 billion and $363 billion. Now it turns out that he got his...
cei.org
BUT NOTE:
Barney Frank in 2021 he re-canted his support for Fannie and Freddie MAE!!
Just to repeat this is what Barney said in 2021.... after he and his boyfriend profited ! ...in a recent CNBC interview, Frank told me that he was ready to say goodbye to Fannie and Freddie.
"
I hope by next year we'll have abolished Fannie and Freddie," he said. Remarkable. And he went on to say that
"it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it." He then added,
"I had been too sanguine about Fannie and Freddie."
Can you teach an old dog new tricks? In politics, the answer is usually no. Most elected officials cling to their ideological biases, despite the real-world facts that disprove their theories time...
www.realclearpolitics.com
So to put as
AntonToo said... Let's put in terms people like
AntonToo can understand:
When you lower credit standards lending money costs go up... hence those with poor credit did a lot of
flipping. A term used to describe purchasing an asset and quickly reselling (or "flipping") it for profit.
The housing sector led not only the financial crisis, but also the downturn in broader economic activity. Residential investment peaked in 2006, as did employment in residential construction.
Explore the Federal Reserve's history
www.federalreservehistory.org
But knowing this goes way over
AntonToo's , head along with other 8.5 second attention span sufferers,
isn't intended for people like them. No it's for people LIKE TRUMP who recognized the Democrat party
is NOT capable to run the economy.
One quick point about Trump's accomplishments as a GOP president...
Again people like AntonToo don't comprehend the term "offshore"...
Trump's accomplishment in reducing taxes on "offshore" account holders of bringing back $1 Trillion that
did this according to the CBO:
So not only has tax revenue from the $1 trillion but what happened to the $1 trillion???
View attachment 930610
View attachment 930612
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
View attachment 930614