Chinese markets down. Have Republicans blamed that on Obama yet?

[rdean]

Wait... what about the Obama recovery that saved the Earth from spinning off its axis?

Sadly, all it did was stop the depression the GOP worked so hard to create.

It was not the GOP that put poor people in houses they could not afford to begin with.

No it wasn't. Republicans try to blame their horrible fuck-ups on poor people. What a disgrace.

Yeah
How terrible that Republicans knew that the poor could not afford the up keep on a house.
It was the Dem's great idea to get them homes they could not afford to keep upgraded. To them they only saw more government programs and votes in order to keep them in those homes.
Just like a Dem and to hell with the consequences of what that completely caused on everyone else.
GOP had nothing to do with this last depression.
There is plenty to blame Repubs on but not this one.

Why do you keep lying? The economy was brought down by Wall Street using derivatives, not poor people. People buying through Freddie/Fannie had to prove they could pay. That GOP shell game was debunked years ago. We know the truth.

 

[BlindBoo]

Wait... what about the Obama recovery that saved the Earth from spinning off its axis?

Sadly, all it did was stop the depression the GOP worked so hard to create.

It was not the GOP that put poor people in houses they could not afford to begin with.

That was certainly not the cause either. It was a very small part in the larger picture.

Lest We Forget: Why We Had A Financial Crisis

 

[Soggy in NOLA]

Wait... what about the Obama recovery that saved the Earth from spinning off its axis?

Sadly, all it did was stop the depression the GOP worked so hard to create.

Yeah, keep telling yourself that Deenie Weenie.

 

[peach174]

Wait... what about the Obama recovery that saved the Earth from spinning off its axis?

Sadly, all it did was stop the depression the GOP worked so hard to create.

It was not the GOP that put poor people in houses they could not afford to begin with.

No it wasn't. Republicans try to blame their horrible fuck-ups on poor people. What a disgrace.

Yeah
How terrible that Republicans knew that the poor could not afford the up keep on a house.
It was the Dem's great idea to get them homes they could not afford to keep upgraded. To them they only saw more government programs and votes in order to keep them in those homes.
Just like a Dem and to hell with the consequences of what that completely caused on everyone else.
GOP had nothing to do with this last depression.
There is plenty to blame Repubs on but not this one.

Why do you keep lying? The economy was brought down by Wall Street using derivatives, not poor people. People buying through Freddie/Fannie had to prove they could pay. That GOP shell game was debunked years ago. We know the truth.

I am not lying.
What was those Wall Street derivatives that started it?
It was Freddie Mac and Fannie Mae and Freddie Mac created a liquid secondary market for mortgages. This meant that financial institutions no longer had to hold onto the mortgages they originated, but could sell them into the secondary market shortly after origination. This in turn freed up their funds such that they could then make additional mortgages.

​

 

[deltex1]

Stocks retreat after grim China data, oil plummets

Those surveys showed the new year began much as the old one ended, with too much capacity chasing too little demand. Economists were expecting a similar picture from the United States.

---------------

Hilarious! Remember when I said it's all about "Supply and Demand" and USMB Republicans laughed and laughed and laughed. They said supply and demand is some weird liberal theory. Those tiny right wing minds just couldn't be changed. Once something settles there, like a barnacle, it's there for good.

How could we blame him? No one has told him yet.

 

[SassyIrishLass]

Wait... what about the Obama recovery that saved the Earth from spinning off its axis?

Sadly, all it did was stop the depression the GOP worked so hard to create.

It was not the GOP that put poor people in houses they could not afford to begin with.

No it wasn't. Republicans try to blame their horrible fuck-ups on poor people. What a disgrace.

Yeah
How terrible that Republicans knew that the poor could not afford the up keep on a house.
It was the Dem's great idea to get them homes they could not afford to keep upgraded. To them they only saw more government programs and votes in order to keep them in those homes.
Just like a Dem and to hell with the consequences of what that completely caused on everyone else.
GOP had nothing to do with this last depression.
There is plenty to blame Repubs on but not this one.

Why do you keep lying? The economy was brought down by Wall Street using derivatives, not poor people. People buying through Freddie/Fannie had to prove they could pay. That GOP shell game was debunked years ago. We know the truth.

The only thing you loons know is what sites like Salon and Daily Kook feed you. You're like a bunch of sheep wandering around...and eating other people's grass

 

[rdean]

Wait... what about the Obama recovery that saved the Earth from spinning off its axis?

Sadly, all it did was stop the depression the GOP worked so hard to create.

Yeah, keep telling yourself that Deenie Weenie.

I don't have to. The rest of the world tells me. It comes from data.

 

[waltky]

A chink in the Chinese economy...

China’s debt at crisis levels: ‘People’s Daily’
Tue, May 10, 2016 - ’ZOMBIE’ SURFEIT: A tree cannot grow in the air,’ an unnamed source said, adding that a ‘system financial crisis’ would cause ‘even household savings to evaporate’

China must turn off the taps of credit-driven growth to avoid a financial system crisis in the face of rising bad loans and other risks, the Chinese Communist Party’s official mouthpiece newspaper said yesterday, citing an unnamed “authoritative” source. The prominent article, in question-and-answer format, started on the front of the broadsheet paper and took up the entirety of page two. The Chinese government is trying to retool the economy away from the investment and export-led growth of the past to one more led by consumer demand, and reform lumbering, loss-making state-owned enterprises to make the sector more efficient. However, the transition is proving bumpy, raising fears of a hard landing, and global markets have been alarmed by slowing expansion in the world’s second-largest economy.

Attempts to address the slowdown in the first quarter of this year — when growth slid to 6.7 percent — were largely driven by investment, the People’s Daily quoted the source as saying, putting more financial pressure on some local governments. Analysts said the comments could be a signal that Beijing is to rein in monetary stimulus efforts. “A tree cannot grow in the air,” the source said, arguing against raising debt further. “Further leverage must not be added to push up growth, nor does it need to be,” the interviewee added, warning of a possible crisis as high debts “will definitely bring about high risks.” “A system financial crisis could be triggered if no good controls are implemented, leading the economy to contract and even household savings to evaporate,” the source said.

It is the third time in less than a year that the People’s Daily has cited “an authoritative person” to discuss top-level economic policies. China’s news portal Sina has previously said that such an “authoritative source” in similar People’s Daily articles could be a high-ranking government official, such as the head of China’s top economic planning agency the National Development and Reform Commission, or a respected scholar who participated in major economic policymaking. “While the anonymity has been protected, the views expressed in these articles did have a large impact in China,” Nomura economists said in a note.

The report implied that future monetary easing “may be more cautious and that the government may try to hasten the pace of reforms,” they said, evidence that China’s “debt-fueled rebound in investment growth will be short-lived.” China’s growth will continue to slow, the source said, as sluggish demand and overcapacity are “unlikely to turn around fundamentally in several years.” Boosts from credit expansions have declined and the government must “completely abandon the delusion” of trying to stimulate growth by loosening money supply, added the source. Instead authorities should accelerate reforms, stop lending to “zombie companies” to reduce overcapacity, allow migrant workers to settle in cities to expand demand and further cut taxes, the source said.

China’s debt at crisis levels: ‘People’s Daily’ - Taipei Times

 

[gipper]

Sadly, all it did was stop the depression the GOP worked so hard to create.

It was not the GOP that put poor people in houses they could not afford to begin with.

No it wasn't. Republicans try to blame their horrible fuck-ups on poor people. What a disgrace.

Yeah
How terrible that Republicans knew that the poor could not afford the up keep on a house.
It was the Dem's great idea to get them homes they could not afford to keep upgraded. To them they only saw more government programs and votes in order to keep them in those homes.
Just like a Dem and to hell with the consequences of what that completely caused on everyone else.
GOP had nothing to do with this last depression.
There is plenty to blame Repubs on but not this one.

Why do you keep lying? The economy was brought down by Wall Street using derivatives, not poor people. People buying through Freddie/Fannie had to prove they could pay. That GOP shell game was debunked years ago. We know the truth.

The only thing you loons know is what sites like Salon and Daily Kook feed you. You're like a bunch of sheep wandering around...and eating other people's grass

Don't forget Facebook.

They don't know that their news is left wing propaganda. They think it is the truth.

 

[Geaux4it]

Stocks retreat after grim China data, oil plummets

Those surveys showed the new year began much as the old one ended, with too much capacity chasing too little demand. Economists were expecting a similar picture from the United States.

---------------

Hilarious! Remember when I said it's all about "Supply and Demand" and USMB Republicans laughed and laughed and laughed. They said supply and demand is some weird liberal theory. Those tiny right wing minds just couldn't be changed. Once something settles there, like a barnacle, it's there for good.

Look rdrone- Your fearless leader is a loser and destroyed America as we knew her

Hope your feeling good about that

-Geaux

 

[CrusaderFrank]

Stocks retreat after grim China data, oil plummets

Those surveys showed the new year began much as the old one ended, with too much capacity chasing too little demand. Economists were expecting a similar picture from the United States.

---------------

Hilarious! Remember when I said it's all about "Supply and Demand" and USMB Republicans laughed and laughed and laughed. They said supply and demand is some weird liberal theory. Those tiny right wing minds just couldn't be changed. Once something settles there, like a barnacle, it's there for good.

Too much capacity because the Chinese government manufactured the credit and build whole cities that are now unoccupied. It's a lesson in the Great Failed Liberal idea of paying people to dig a trench with a spoon, that is, pay them to engage in economic activity with no basis in economics, reality or market demand. China will end badly and will likely end in a world war as they copy a page from FDR and use a war to stimulate their failed Liberal economy

 

[The VOR]

Wait... what about the Obama recovery that saved the Earth from spinning off its axis?

Sadly, all it did was stop the depression the GOP worked so hard to create.

It was not the GOP that put poor people in houses they could not afford to begin with.

No it wasn't. Republicans try to blame their horrible fuck-ups on poor people. What a disgrace.

Yep. It's those damn poor people that bought houses that destroyed this economy.

 

[The VOR]

Sadly, all it did was stop the depression the GOP worked so hard to create.

It was not the GOP that put poor people in houses they could not afford to begin with.

No it wasn't. Republicans try to blame their horrible fuck-ups on poor people. What a disgrace.

Yeah
How terrible that Republicans knew that the poor could not afford the up keep on a house.
It was the Dem's great idea to get them homes they could not afford to keep upgraded. To them they only saw more government programs and votes in order to keep them in those homes.
Just like a Dem and to hell with the consequences of what that completely caused on everyone else.
GOP had nothing to do with this last depression.
There is plenty to blame Repubs on but not this one.

Why do you keep lying? The economy was brought down by Wall Street using derivatives, not poor people. People buying through Freddie/Fannie had to prove they could pay. That GOP shell game was debunked years ago. We know the truth.

The only thing you loons know is what sites like Salon and Daily Kook feed you. You're like a bunch of sheep wandering around...and eating other people's grass

And you're just a smelly turd that should've been flushed a long time ago.

 

[Wilbur Right]

It was not the GOP that put poor people in houses they could not afford to begin with.

You may be correct.
It was realtors and mortgage.loan officers. And appraisers, credit reporting agencies and title companies.

All those people cared not a bit about republicans and democrats. They put people in houses the people couldn't afford because of the commission's earned.

Greed was the prime motivator.

But I didn't see anyone from congress trying to stop the greedy practices going on. Did you?