Another Republican President, Another Recession

Seriously, it will never be perfect from s transition standpoint but what most of the Left pushes for these days is an immediate withdrawal from oil over to unproven alternative energy. To accelerate that process for a more smoother transition, Big Oil and startups alike need to be incentivized to pursue alternative energy..... but that means tax incentives which, along with oil, is something else the Left does not like. I could care less if a strong US economy runs on oil, air, or water.

Actually, no. We've been giving Big Oil Tax Breaks for years, and they keep fucking us.

AGAIN IT'S BEEN FORTY SIX FUCKING YEARS SINCE THE FIRST OIL SHOCK!!!!!! Big Oil and the private sector aren't going to step up to the bat, so we need government to do it.

We need to treat big oil like the criminals they are....

We've been giving Big Oil Tax Breaks for years

Writing off business expenses, outrageous!!!

Big Oil and the private sector aren't going to step up to the bat,

We're the biggest oil producer on the planet, no thanks to that twat, Obama.
 
and favored a Wild West deregulated financial industry

Banks weren't deregulated.
They most certainly were. See Commodities Futures Modernization Act. See also Financial Services Modernization Act (a.k.a. Gramm-Leach-Bliley).

From section 117 of the CFMA (passed by a GOP Congress, signed into law by a Democratic President):

This Act shall supersede and preempt the application of any State or local law that prohibits or regulates gaming or the operation of bucket shops
Now ask yourself why the CFMA had to have a provision in it which exempted Wall Street from state laws which apply to CASINOS and ILLEGAL BUCKET SHOPS.

And where were the "states rights" hypocrites when this federal pre-exemption was placed in the CFMA by REPUBLICANS?

See Commodities Futures Modernization Act. See also Financial Services Modernization Act (a.k.a. Gramm-Leach-Bliley).

How many thousands of pages of bank regulations were there before these acts, how many fewer after?

Now ask yourself why the CFMA had to have a provision in it which exempted Wall Street from state laws which apply to CASINOS and ILLEGAL BUCKET SHOPS.

Are OTC derivative transactions between "sophisticated parties" gambling?
My Son!

Getting crushed again, like always. You suck at this. You always pick the wrong side of every issue, and get smoked, and can never admit defeat! Banks weren't deregulated??? you are too stupid for words, and don't worry I'm not getting involved in this easy softball debate, g500 can easily take care of you...

Again you have dug yourself into a hole.. why do you challenge people that are your intellectual superior and embarass yourself all the time. You do this like 5 times a week. You're a punching bag.

Just wondering, are you ready to admit that Warren buffet pays a lower tax rate than his secretary? Even Nostra tapped out on that one and admitted it, although he couldn't admit that other millionaire/billionaires pay lower tax rates than low income people, implying that Buffet was the only one in the entire US...

Just wondering, are you ready to admit that Warren buffet pays a lower tax rate than his secretary?

Post her income, I'll show you your error.
 
The asshat democrats cause recessions and then blame republican's, lets just tell everyone to stay home and crash the economy, fucking morons, soon all you idiots will be eating worms and bark....:auiqs.jpg::auiqs.jpg:
 
You think you are going to stick it to Big Oil and that is going to have a positive effect when in reality, you will be sticking it to the consumers. OK, since you can’t get past your blind fury hatred of Oil, then we shift focus to innovation in startups; but, let’s not use alternative energy startups as simply clearing houses to payoff cronies (SEE Solyndra).

Do you know what scared the absolute shit out of big Oil in the 1979 Oil Shock? That people OPENLY talked about nationalizing the oil companies.

Yes, the ONLY way we are going to get off our addiction to big oil is to stop letting big oil have any say in the matter.

It's like asking your drug pusher to help in your recovery program.

When and how does that happen without compromising the economy in the short term? Our economy is pretty compromised right now. Nationalizing the Oil companies would just make us wholly dependent on foreign oil; still an “addiction” by your criteria.
 
In looking at the political implications of this horror show, one need only recall the 2008 Great Recession. The causes of that financial collapse — e.g., unregulated financial instruments, negligence from ratings companies, lender deception, the Federal Reserve’s failure to act — were complicated. Nevertheless, the politicians who resisted warnings (from then-Harvard professor Elizabeth Warren, among other people) and favored a Wild West deregulated financial industry have unique culpability. And the party in charge at the time — the Republicans — bore the brunt of the voters wrath at the polls. Do we imagine this domestic debacle will play out differently?



The short answer? No.







Yeah, the two situations are sooooo similar. What a buffoon you are.
 
and favored a Wild West deregulated financial industry

Banks weren't deregulated.
They most certainly were. See Commodities Futures Modernization Act. See also Financial Services Modernization Act (a.k.a. Gramm-Leach-Bliley).

From section 117 of the CFMA (passed by a GOP Congress, signed into law by a Democratic President):

This Act shall supersede and preempt the application of any State or local law that prohibits or regulates gaming or the operation of bucket shops
Now ask yourself why the CFMA had to have a provision in it which exempted Wall Street from state laws which apply to CASINOS and ILLEGAL BUCKET SHOPS.

And where were the "states rights" hypocrites when this federal pre-exemption was placed in the CFMA by REPUBLICANS?

See Commodities Futures Modernization Act. See also Financial Services Modernization Act (a.k.a. Gramm-Leach-Bliley).

How many thousands of pages of bank regulations were there before these acts, how many fewer after?

Now ask yourself why the CFMA had to have a provision in it which exempted Wall Street from state laws which apply to CASINOS and ILLEGAL BUCKET SHOPS.

Are OTC derivative transactions between "sophisticated parties" gambling?
My Son!

Getting crushed again, like always. You suck at this. You always pick the wrong side of every issue, and get smoked, and can never admit defeat! Banks weren't deregulated??? you are too stupid for words, and don't worry I'm not getting involved in this easy softball debate, g500 can easily take care of you...

Again you have dug yourself into a hole.. why do you challenge people that are your intellectual superior and embarass yourself all the time. You do this like 5 times a week. You're a punching bag.

Just wondering, are you ready to admit that Warren buffet pays a lower tax rate than his secretary? Even Nostra tapped out on that one and admitted it, although he couldn't admit that other millionaire/billionaires pay lower tax rates than low income people, implying that Buffet was the only one in the entire US...

Just wondering, are you ready to admit that Warren buffet pays a lower tax rate than his secretary?

Post her income, I'll show you your error.

The Warren Buffett Secretary tax rate argument is such bullshit. He still pays more taxes. Would you rather pay more taxes or a higher tax rate as a percentage of your income? Here’s a thought, cut spending to lower the secretary’s tax rate and keep Buffet’s the same.
 
and favored a Wild West deregulated financial industry

Banks weren't deregulated.
They most certainly were. See Commodities Futures Modernization Act. See also Financial Services Modernization Act (a.k.a. Gramm-Leach-Bliley).

From section 117 of the CFMA (passed by a GOP Congress, signed into law by a Democratic President):

This Act shall supersede and preempt the application of any State or local law that prohibits or regulates gaming or the operation of bucket shops
Now ask yourself why the CFMA had to have a provision in it which exempted Wall Street from state laws which apply to CASINOS and ILLEGAL BUCKET SHOPS.

And where were the "states rights" hypocrites when this federal pre-exemption was placed in the CFMA by REPUBLICANS?

See Commodities Futures Modernization Act. See also Financial Services Modernization Act (a.k.a. Gramm-Leach-Bliley).

How many thousands of pages of bank regulations were there before these acts, how many fewer after?

Now ask yourself why the CFMA had to have a provision in it which exempted Wall Street from state laws which apply to CASINOS and ILLEGAL BUCKET SHOPS.

Are OTC derivative transactions between "sophisticated parties" gambling?
My Son!

Getting crushed again, like always. You suck at this. You always pick the wrong side of every issue, and get smoked, and can never admit defeat! Banks weren't deregulated??? you are too stupid for words, and don't worry I'm not getting involved in this easy softball debate, g500 can easily take care of you...

Again you have dug yourself into a hole.. why do you challenge people that are your intellectual superior and embarass yourself all the time. You do this like 5 times a week. You're a punching bag.

Just wondering, are you ready to admit that Warren buffet pays a lower tax rate than his secretary? Even Nostra tapped out on that one and admitted it, although he couldn't admit that other millionaire/billionaires pay lower tax rates than low income people, implying that Buffet was the only one in the entire US...

Just wondering, are you ready to admit that Warren buffet pays a lower tax rate than his secretary?

Post her income, I'll show you your error.

The Warren Buffett Secretary tax rate argument is such bullshit. He still pays more taxes. Would you rather pay more taxes or a higher tax rate as a percentage of your income? Here’s a thought, cut spending to lower the secretary’s tax rate and keep Buffet’s the same.

The Warren Buffett Secretary tax rate argument is such bullshit.

Totally.

He still pays more taxes.

Actually, with his big donations to the Bill Gates Foundation, he probably hasn't paid in a while.
 
and favored a Wild West deregulated financial industry

Banks weren't deregulated.
They most certainly were. See Commodities Futures Modernization Act. See also Financial Services Modernization Act (a.k.a. Gramm-Leach-Bliley).

From section 117 of the CFMA (passed by a GOP Congress, signed into law by a Democratic President):

This Act shall supersede and preempt the application of any State or local law that prohibits or regulates gaming or the operation of bucket shops
Now ask yourself why the CFMA had to have a provision in it which exempted Wall Street from state laws which apply to CASINOS and ILLEGAL BUCKET SHOPS.

And where were the "states rights" hypocrites when this federal pre-exemption was placed in the CFMA by REPUBLICANS?

See Commodities Futures Modernization Act. See also Financial Services Modernization Act (a.k.a. Gramm-Leach-Bliley).

How many thousands of pages of bank regulations were there before these acts, how many fewer after?

Now ask yourself why the CFMA had to have a provision in it which exempted Wall Street from state laws which apply to CASINOS and ILLEGAL BUCKET SHOPS.

Are OTC derivative transactions between "sophisticated parties" gambling?
My Son!

Getting crushed again, like always. You suck at this. You always pick the wrong side of every issue, and get smoked, and can never admit defeat! Banks weren't deregulated??? you are too stupid for words, and don't worry I'm not getting involved in this easy softball debate, g500 can easily take care of you...

Again you have dug yourself into a hole.. why do you challenge people that are your intellectual superior and embarass yourself all the time. You do this like 5 times a week. You're a punching bag.

Just wondering, are you ready to admit that Warren buffet pays a lower tax rate than his secretary? Even Nostra tapped out on that one and admitted it, although he couldn't admit that other millionaire/billionaires pay lower tax rates than low income people, implying that Buffet was the only one in the entire US...

Just wondering, are you ready to admit that Warren buffet pays a lower tax rate than his secretary?

Post her income, I'll show you your error.
AHAHAHA!!!

yup... see you can't admit you were wrong. There is nothing to debate this is fact Warren Buffett pays a lower tax rate than his secretary.

Are you ready to admit that written in stone fact? It just makes you look worse and worse... Just admit it...

Every debate we have ends the same way, you lose and you can't admit it...
 
and favored a Wild West deregulated financial industry

Banks weren't deregulated.
They most certainly were. See Commodities Futures Modernization Act. See also Financial Services Modernization Act (a.k.a. Gramm-Leach-Bliley).

From section 117 of the CFMA (passed by a GOP Congress, signed into law by a Democratic President):

This Act shall supersede and preempt the application of any State or local law that prohibits or regulates gaming or the operation of bucket shops
Now ask yourself why the CFMA had to have a provision in it which exempted Wall Street from state laws which apply to CASINOS and ILLEGAL BUCKET SHOPS.

And where were the "states rights" hypocrites when this federal pre-exemption was placed in the CFMA by REPUBLICANS?

See Commodities Futures Modernization Act. See also Financial Services Modernization Act (a.k.a. Gramm-Leach-Bliley).

How many thousands of pages of bank regulations were there before these acts, how many fewer after?

Now ask yourself why the CFMA had to have a provision in it which exempted Wall Street from state laws which apply to CASINOS and ILLEGAL BUCKET SHOPS.

Are OTC derivative transactions between "sophisticated parties" gambling?
My Son!

Getting crushed again, like always. You suck at this. You always pick the wrong side of every issue, and get smoked, and can never admit defeat! Banks weren't deregulated??? you are too stupid for words, and don't worry I'm not getting involved in this easy softball debate, g500 can easily take care of you...

Again you have dug yourself into a hole.. why do you challenge people that are your intellectual superior and embarass yourself all the time. You do this like 5 times a week. You're a punching bag.

Just wondering, are you ready to admit that Warren buffet pays a lower tax rate than his secretary? Even Nostra tapped out on that one and admitted it, although he couldn't admit that other millionaire/billionaires pay lower tax rates than low income people, implying that Buffet was the only one in the entire US...

Just wondering, are you ready to admit that Warren buffet pays a lower tax rate than his secretary?

Post her income, I'll show you your error.
AHAHAHA!!!

yup... see you can't admit you were wrong. There is nothing to debate this is fact Warren Buffett pays a lower tax rate than his secretary.

Are you ready to admit that written in stone fact? It just makes you look worse and worse... Just admit it...

Every debate we have ends the same way, you lose and you can't admit it...

yup... see you can't admit you were wrong.

Post her income, I'll show that I'm right.

Every debate we have ends the same way, you lose and you can't admit it...

And then you wake up.
 
That is an excellent idea!
How long would the waiting lists be and how severe the rationing to reduce healthcare spending by 8% of GDP?

How severe is it now? 25% of Americans have either sub-standard or no insurance, which means no access to health care. Point is, there is a lot of waste in what we are doing now that would be solved by single payer.

Funny thing, you guys whine all day about "waiting lists", but they have better life expectancy and lower infant mortality rates than we do. Why do you think that is.

Oh, wait. You don't think. You just wait for some blowhard on Hate Radio to tell you what you believe.
 
Bush-41 had little to do with the economic collapse in 1990 and by 1992, things were actually starting to get better.

Starting?

Are you some kind of retard? I have to keep asking this when I talk to you. Point was, GDP Growth was NEGATIVE in 1991. It was back up in 1992.

People didn't care. They voted Bush out anyway.

Trump will get kicked to the curb even harder, because things AREN'T Going to get better by November. We're probably looking at the biggest decline since the Great Depression.
 
When and how does that happen without compromising the economy in the short term? Our economy is pretty compromised right now. Nationalizing the Oil companies would just make us wholly dependent on foreign oil; still an “addiction” by your criteria.

True, but it will keep them from blocking other energy development.

But glad you are admitting Trump fucked up the economy.
 
That is an excellent idea!
How long would the waiting lists be and how severe the rationing to reduce healthcare spending by 8% of GDP?

How severe is it now? 25% of Americans have either sub-standard or no insurance, which means no access to health care. Point is, there is a lot of waste in what we are doing now that would be solved by single payer.

Funny thing, you guys whine all day about "waiting lists", but they have better life expectancy and lower infant mortality rates than we do. Why do you think that is.

Oh, wait. You don't think. You just wait for some blowhard on Hate Radio to tell you what you believe.

Point is, there is a lot of waste in what we are doing now that would be solved by single payer.


Yeah, the first solution when discussing "reducing waste" is always more government control. DURR
 
Bush-41 had little to do with the economic collapse in 1990 and by 1992, things were actually starting to get better.

Starting?

Are you some kind of retard? I have to keep asking this when I talk to you. Point was, GDP Growth was NEGATIVE in 1991. It was back up in 1992.

People didn't care. They voted Bush out anyway.

Trump will get kicked to the curb even harder, because things AREN'T Going to get better by November. We're probably looking at the biggest decline since the Great Depression.

Point was, GDP Growth was NEGATIVE in 1991.

Yeah, -0.1%.

It was back up in 1992.

Ummmm, +4.9% in 1992 Q1 isn't "actually starting to get better", idiot. It's fucking awesome!
 
Yeah, the first solution when discussing "reducing waste" is always more government control. DURR

Well, we wouldn't be paying Ed Hanaway a NINE FIGURE salary for denying people coverage.

The problem with the insane system we have now it that it's designed to collect premiums and minimize payments.

I think we can see the insanity of having a health care system based on your ability to work when you have a combination of massive unemployment and a national health crisis.

Ummmm, +4.9% in 1992 Q1 isn't "actually starting to get better", idiot. It's fucking awesome!

Quite right. And people STILL threw Bush's ass to the curb anyway because unemployment DIDN'T Get better fast enough.

Now, here's the thing. Even if we luck out and this recession is short (Only Q1 and Q2 of this year), employers are STILL going to be reluctant to bring back workers. They may not even bring back the same workers, because they will now have a much larger selection of applicants to choose from.

So, um, yeah. Trump is going to own all of that.
 
Hold on!

You are equating the 2008 Recession to what is going on now?

First off a Virus that originated in China that spread World Wide because the Chinese Government did not contain it is what threw our country into this Recession or better yet Depression we are facing!

Funny, China has done a better job at containing this virus than we have. But do go on with the racism, it's always comforting for you.

Also let be clear many have stated this is actually uncharted waters for an Election year, so as you attempt to use the deaths of thousands and China failure and them also crashing the market to believe this is a win for Democrats, well we will see but let be clear many Americans might just disagree with your asinine comparison seeing they have nothing in common except a Republican is President...

Oh, I think when this is all over, when people realized that he put his idiot son-in-law in charge of the response, when they realize he disbanded the Pandemic Response Team, when they find out he tried to withhold resources to placed that needed it to prop up states he wants to win in November, people will turn on him. In fact, they already are. When the virus is done and people are feeling the economic after effects of lost wages and lost jobs, they'll look to take it out on someone.

Bush-41 had little to do with the economic collapse in 1990 and by 1992, things were actually starting to get better. People STILL voted him out of office.

Remember Democrats controlled the Senate and House in 2008, so ummm let see the only thing the Republicans controlled then was the Oval Office.

Oh, before you scream " liar ", Nancy Pelosi was Speaker of the House in 2008 and Harry Reid was Senate Majority Leader and they took their positions in 2007, so remember that when selling your bullshit!

Okay, the problem with this was 1) The crisis didn't start in 2007, the problems probably go back to the previous recession, when the housing boom was started and then peaked and 2) Bush was in charge of all the agencies that were supposed to be watching the banks to make sure they didn't do exactly what they did.

Funny, China has done a better job at containing this virus than we have.

You're not very bright, are you?

Bush-41 had little to do with the economic collapse in 1990 and by 1992, things were actually starting to get better.

Starting?

View attachment 319100
Sure he did great, just responsible for greatest recession ever, only to be outdone by our impeached orange orangutan, dj chump, with even worst recession, likely a depression. Remember "Pandemic is a Hoax"?
 
When and how does that happen without compromising the economy in the short term? Our economy is pretty compromised right now. Nationalizing the Oil companies would just make us wholly dependent on foreign oil; still an “addiction” by your criteria.

True, but it will keep them from blocking other energy development.

But glad you are admitting Trump fucked up the economy.

I said our economy is compromised right now caused by a virus that originated in China and fucked the global economy. You people blame Trump for that yet cut China and the World Health Organization /UN a pass for their cover up and improper information dissemination.
 
Hold on!

You are equating the 2008 Recession to what is going on now?

First off a Virus that originated in China that spread World Wide because the Chinese Government did not contain it is what threw our country into this Recession or better yet Depression we are facing!

Funny, China has done a better job at containing this virus than we have. But do go on with the racism, it's always comforting for you.

Also let be clear many have stated this is actually uncharted waters for an Election year, so as you attempt to use the deaths of thousands and China failure and them also crashing the market to believe this is a win for Democrats, well we will see but let be clear many Americans might just disagree with your asinine comparison seeing they have nothing in common except a Republican is President...

Oh, I think when this is all over, when people realized that he put his idiot son-in-law in charge of the response, when they realize he disbanded the Pandemic Response Team, when they find out he tried to withhold resources to placed that needed it to prop up states he wants to win in November, people will turn on him. In fact, they already are. When the virus is done and people are feeling the economic after effects of lost wages and lost jobs, they'll look to take it out on someone.

Bush-41 had little to do with the economic collapse in 1990 and by 1992, things were actually starting to get better. People STILL voted him out of office.

Remember Democrats controlled the Senate and House in 2008, so ummm let see the only thing the Republicans controlled then was the Oval Office.

Oh, before you scream " liar ", Nancy Pelosi was Speaker of the House in 2008 and Harry Reid was Senate Majority Leader and they took their positions in 2007, so remember that when selling your bullshit!

Okay, the problem with this was 1) The crisis didn't start in 2007, the problems probably go back to the previous recession, when the housing boom was started and then peaked and 2) Bush was in charge of all the agencies that were supposed to be watching the banks to make sure they didn't do exactly what they did.

Funny, China has done a better job at containing this virus than we have.

You're not very bright, are you?

Bush-41 had little to do with the economic collapse in 1990 and by 1992, things were actually starting to get better.

Starting?

View attachment 319100
Sure he did great, just responsible for greatest recession ever, only to be outdone by our impeached orange orangutan, dj chump, with even worst recession, likely a depression. Remember "Pandemic is a Hoax"?

Bush-41 had little to do......

Sure he did great, just responsible for greatest recession ever,


Dude, don't bogart that joint.
 
WITH THE TRUMP CRASH, 10 OF THE LAST 11 RECESSIONS, DATING BACK TO THE 1950S ALL OCCURED UNDER GOP PRESIDENTS...

EVERY GOP PRES SINCE TEDDY R HAS HAD A RECESSION.

3 CERTAINTIES, LIFE, DEATH, AND GOP RECESSIONS... THE PARTY OF TOTAL FAILURE.


So how's that Biden presidential campaign working out for you, Bunky?

Think he even has a shot at it? :auiqs.jpg:
Has anyone even seen ol joe lately?
 
Hold on!

You are equating the 2008 Recession to what is going on now?

First off a Virus that originated in China that spread World Wide because the Chinese Government did not contain it is what threw our country into this Recession or better yet Depression we are facing!

Funny, China has done a better job at containing this virus than we have. But do go on with the racism, it's always comforting for you.

Also let be clear many have stated this is actually uncharted waters for an Election year, so as you attempt to use the deaths of thousands and China failure and them also crashing the market to believe this is a win for Democrats, well we will see but let be clear many Americans might just disagree with your asinine comparison seeing they have nothing in common except a Republican is President...

Oh, I think when this is all over, when people realized that he put his idiot son-in-law in charge of the response, when they realize he disbanded the Pandemic Response Team, when they find out he tried to withhold resources to placed that needed it to prop up states he wants to win in November, people will turn on him. In fact, they already are. When the virus is done and people are feeling the economic after effects of lost wages and lost jobs, they'll look to take it out on someone.

Bush-41 had little to do with the economic collapse in 1990 and by 1992, things were actually starting to get better. People STILL voted him out of office.

Remember Democrats controlled the Senate and House in 2008, so ummm let see the only thing the Republicans controlled then was the Oval Office.

Oh, before you scream " liar ", Nancy Pelosi was Speaker of the House in 2008 and Harry Reid was Senate Majority Leader and they took their positions in 2007, so remember that when selling your bullshit!

Okay, the problem with this was 1) The crisis didn't start in 2007, the problems probably go back to the previous recession, when the housing boom was started and then peaked and 2) Bush was in charge of all the agencies that were supposed to be watching the banks to make sure they didn't do exactly what they did.

Funny, China has done a better job at containing this virus than we have.

You're not very bright, are you?

Bush-41 had little to do with the economic collapse in 1990 and by 1992, things were actually starting to get better.

Starting?

View attachment 319100
Sure he did great, just responsible for greatest recession ever, only to be outdone by our impeached orange orangutan, dj chump, with even worst recession, likely a depression. Remember "Pandemic is a Hoax"?

Bush-41 had little to do......

Sure he did great, just responsible for greatest recession ever,

Dude, don't bogart that joint.
I guess it's easier to defend Obama's saving auto industry, real estate, and global economy, than to have to come up with lame excuses for economic disasters like the one bush jr caused, and debacle by donnie...
 

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