Democrats caused recession in 2007

[jillian]

no. you are if you think that some crap put together by the news agency of the GOP is something worth responding to. desperation is making up the nonsense that you wingers make up.

RWNJ's are funny.

Spoken like a true left wing whack job.

no. spoken like someone who is tired of your lies and nonsense and propaganda.

RWNJ's are fact averse.

try sources that are legitimate.

Now that is funny considering you would not know a fact if it bit you in the face.

Are you a Drudge enthusiast?

I check out Drudge among others on the web.

explains a lot.

drudge sludge.

 

[IcebergSlim]

no. you are if you think that some crap put together by the news agency of the GOP is something worth responding to. desperation is making up the nonsense that you wingers make up.

RWNJ's are funny.

Spoken like a true left wing whack job.

no. spoken like someone who is tired of your lies and nonsense and propaganda.

RWNJ's are fact averse.

try sources that are legitimate.

Now that is funny considering you would not know a fact if it bit you in the face.

Are you a Drudge enthusiast?

I check out Drudge among others on the web.

I bet you do.....say no more...

 

[Faun]

I can't help but notice that the rightards here have given up trying to defend the OP.

 

[PredFan]

Whenever democrats want to say that it was the economic policies of the repubican party that led to the recession of 2008, 2009, 2010, 2012, 2013, 2014, 2015, and 2016 then someone should just point out this video


There are plenty of other videos of democrats preventing people from addressing the issues that led to the housing bubble and collapse.

You are a moron......Take a gander at the conclusions of the FCIC........the GSEs were not among the primary causes of the Great Recession......

and the recession ended near the end of Q2, 2009.....

You are a moron, the recession is still
on-going, you believe what you are spoon fed.

Idiota. We are not in a recession now.

That said no one forced banks to give mortgages to people who couldn't afford them. Banks were prohibited from redlining neighborhoods not from abiding by their own financial standards.

You people live in a fact-free universe.

Lol, as always, reality disagrees with you and you will never ever admit it. Stay stupid, I don't care.

 

[PredFan]

Whenever democrats want to say that it was the economic policies of the repubican party that led to the recession of 2008, 2009, 2010, 2012, 2013, 2014, 2015, and 2016 then someone should just point out this video


There are plenty of other videos of democrats preventing people from addressing the issues that led to the housing bubble and collapse.

The Democrats didn't cause the collapse, but they had a chance to head it off and did nothing. In fact they were warned by Bush and he asked them to act 5 times. Each time they said no. They wanted it to happen so they could blame Bush and win elections.

The Democrats did not rule the House or the Senate, the Republicans did, and the Republicans were the Majority and could have brought up the legislation that the Republican Senator Hagel proposed to reign in Fannie and Freddie, but Freddie Mac spent a couple of million dollars Lobbying REPUBLICAN SENATORS to kill the Hagel bill, and when the Majority Republican leader of the Senate realized all of these Republican Senators changed their minds on the Hagel legislation after being lobbied/bought by Freddie Mac, they never brought Hagel's bill to the Floor of the Senate for a vote.

YOUR PARTY is at FAULT.

What planet are you living on? When Bush was POTUS he asked the DEMOCRAT Controlled House and Senate 5 times to take steps to stop it. they refused. This is easily proven fact. You are dead wrong as usual, idiot.

 

[PredFan]

Whenever democrats want to say that it was the economic policies of the repubican party that led to the recession of 2008, 2009, 2010, 2012, 2013, 2014, 2015, and 2016 then someone should just point out this video


There are plenty of other videos of democrats preventing people from addressing the issues that led to the housing bubble and collapse.

The Democrats didn't cause the collapse, but they had a chance to head it off and did nothing. In fact they were warned by Bush and he asked them to act 5 times. Each time they said no. They wanted it to happen so they could blame Bush and win elections.

You mean while Republicans controlled the House and the Senate, right?

Jesus Christ, you people were never too bright to begin with but your intelligence level has taken an epic nosedive. Read a book or something, if you can still read.

 

[healthmyths]

Big Government proponents from both parties contributed to the Recession, but the Dems are responsible for the lack of a proper recovery.

If we had just had an AVERAGE recovery, the economy would be $2.2T larger - $17,000 per household. Instead, we've been subjected to the blinding stupidity and incompetence of Obamanomics.

Obama's Economic Recovery Is Now $2.2 Trillion Below Average | Stock News & Stock Market Analysis - IBD

Oh, goody! We now have a Moron Quorum.....

The "reasons" for the lack of a proper recovery include

a) household deleveraging
b) the complete absence of stimulative fiscal policy - which is NOT the "fault" of Democrats....Net Government contribution to GDP has been 0.85% below the levels of 1981-1989 and 0.5% below 2001-2009.....

Geez... do you think these events had any affect on the economy? People's lives? Jobs? Tax revenue???

Are you aware that a recession started under Clinton and became official 3/01 ended 11/01?
Because idiots don't seem to comprehend... RECESSIONS are like large ships.. it takes miles to turn one...i.e. so does a "RECESSION"...
it doesn't just start the day NBER states... it is a slow degradation and it started under CLINTON!!!
Source: USATODAY.com - It's official: 2001 recession only lasted eight months

Moron -- from your own link....

The 2001 recession began in March that year, so today's announcement makes it an eight-month downturn.

USATODAY.com - It's official: 2001 recession only lasted eight months​

So Feb 28,2001 NO recession. Then Mar 1, 2001 12:01 RECESSION! Is that the way it worked?
Don't think so! Idiots like you think recessions are like water faucets. Turn spigot on Recession... Turn off no recession.
Doesn't work that WAY!

OK let's look at NBER site...

Q: Isn't a recession a period of diminished economic activity?

A: It's more accurate to say that a recession-the way we use the word-is a period of diminishing activity rather than diminished activity.
We identify a month when the economy reached a peak of activity and a later month when the economy reached a trough.
The time in between is a recession, a period when the economy is contracting.
The following period is an expansion.
Economic activity is below normal or diminished for some part of the recession and for some part of the following expansion as well.
Some call the period of diminished activity a slump.

The NBER’s Recession Dating Procedure

You are so naive! You think Recessions turn on and turn off just like a water faucet!

How dumb!

 

[healthmyths]

Whenever democrats want to say that it was the economic policies of the repubican party that led to the recession of 2008, 2009, 2010, 2012, 2013, 2014, 2015, and 2016 then someone should just point out this video


There are plenty of other videos of democrats preventing people from addressing the issues that led to the housing bubble and collapse.

The Democrats didn't cause the collapse, but they had a chance to head it off and did nothing. In fact they were warned by Bush and he asked them to act 5 times. Each time they said no. They wanted it to happen so they could blame Bush and win elections.

The Democrats did not rule the House or the Senate, the Republicans did, and the Republicans were the Majority and could have brought up the legislation that the Republican Senator Hagel proposed to reign in Fannie and Freddie, but Freddie Mac spent a couple of million dollars Lobbying REPUBLICAN SENATORS to kill the Hagel bill, and when the Majority Republican leader of the Senate realized all of these Republican Senators changed their minds on the Hagel legislation after being lobbied/bought by Freddie Mac, they never brought Hagel's bill to the Floor of the Senate for a vote.

YOUR PARTY is at FAULT.

What planet are you living on? When Bush was POTUS he asked the DEMOCRAT Controlled House and Senate 5 times to take steps to stop it. they refused. This is easily proven fact. You are dead wrong as usual, idiot.

FACTS!!!

President Bush publicly called for GSE reform at least 17 times in 2008 alone before Congress acted.

Unfortunately, these warnings went unheeded, as the President's repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems.
Setting the Record Straight: The Three Most Egregious Claims In The New York Times Article On The Housing Crisis

Many prominent Democrats, including House Finance Chairman Barney Frank, opposed any legislation correcting the risks posed by GSEs.
* House Financial Services Committee Chairman Barney Frank (D-MA) criticized
the President's warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis .
The more people exaggerate these problems,
the more pressure there is on these companies, the less we will see in terms of affordable
housing."...
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae,"
New York Times, 9/11/03)
* Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd also
ignored the President's warnings and called on him to "immediately reconsider his ill-advised"
position. Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze
Is Rejected, As Critics Complain Of Opportunism," New York Times, 8/11/07)
http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle

 

[healthmyths]

Big Government proponents from both parties contributed to the Recession, but the Dems are responsible for the lack of a proper recovery.

If we had just had an AVERAGE recovery, the economy would be $2.2T larger - $17,000 per household. Instead, we've been subjected to the blinding stupidity and incompetence of Obamanomics.

Obama's Economic Recovery Is Now $2.2 Trillion Below Average | Stock News & Stock Market Analysis - IBD

Oh, goody! We now have a Moron Quorum.....

The "reasons" for the lack of a proper recovery include

a) household deleveraging
b) the complete absence of stimulative fiscal policy - which is NOT the "fault" of Democrats....Net Government contribution to GDP has been 0.85% below the levels of 1981-1989 and 0.5% below 2001-2009.....

You are an economic illiterate.

Which President added more to the federal debt than all Presidents before him COMBINED?

Show me the part of my post which you believe demonstrates a lack of economic literacy.....

Which President added more to the federal debt than all Presidents before him COMBINED?

That would be Scrub......consider that it involves more than simple "coincidence".....If you were possessed of reading comprehension skills, you would find that all but the most unhinged sources will use the phrase "increase under Obama", not "added by".....

First of all you are NOT believable because YOU provide NO Sources, NO links... JuST stupid ass personal subjective observations. Nothing
to prove your statement.

On the other hand given your dumb ass comment...

GEEZ I wonder why???
Could it be we had THESE EVENTS which YOU have NOT even acknowledged happened?
All of these events affected tax revenue. Government outlays. And more important the entire country was unnerved about 9/11, then Anthrax attacks.
While regionally millions of people were affected by the WORST HURRICANE SEASONS...not just one BUT SEASONS in history.
Coupled that with the dumb ass dot.com which cost revenue to the government and required helping millions of people out of work... none
of which you acknowledge!

Are you aware that a recession started under Clinton and became official 3/01 ended 11/01?
Because idiots don't seem to comprehend... RECESSIONS are like large ships.. it takes miles to turn one...i.e. so does a "RECESSION"...
it doesn't just start the day NBER states... it is a slow degradation and it started under CLINTON!!!
Source: USATODAY.com - It's official: 2001 recession only lasted eight months

A Major $8 trillion market loss
Are you aware that the dot.com bust occurred and cost $8 trillion in losses?
Again Clinton laid claim BUT someone had to pay and it occurred during Bush's first year!
$8 trillion in market losses MEAN lost tax revenue. PLUS JOBS!!!!
According to the Los Angeles Times, when the dot-com bubble burst, it wiped out $8 trillion dollars in market value for tech companies.
More than half of the Internet companies created since 1995 were gone by 2004 -
and hundreds of thousands of skilled technology workers were out of jobs.
Source: The dot-com bubble: How to lose $5 trillion

The worst attacks on the USA in History.. 3,000 deaths!!!
Obviously most of you are UNAWARE 9/11 cost 3,000 lives, $2 trillion in lost businesses,market values assets.
Jobs lost in New York owing to the attacks: 146,100 JUST in New York.
Are you aware this happened???
Now before you idiots say "well Bush should have known"! DUMMIES... ever hear of the Gorelick Memo signed under CLINTON??
Gorelick Memo that created the wall between FBI & CIA thus no knowledge of the 9/11 bombers shared with the FBI!!! Looks especially imprudent 10 years later.
Because the memo created a barrier for U.S. intelligence agencies to share information with the FBI, one of its unintended consequences may have been to prevent the FBI from receiving the necessary intelligence to stop the Sept. 11, 2001 terrorist attacks, the worst in American history.
Gorelick Memo Allegedly Impeded Probe of Clinton Fundraising Scandal
1995 memo [Clinton presidency-concerned about Chinese election sales] Gorelick wrote, stated explicitly that they would “go beyond what is legally required, [to] prevent any risk of creating an unwarranted appearance that FISA is being used to avoid procedural safeguards which would apply in a criminal investigation.” GORELICK Memo!
Jamie Gorelick’s wall barred anti-terror investigators from accessing the computer of Zacarias Moussaoui, the 20th hijacker, already in custody on an immigration violation shortly before 9/11.
At the time, an enraged FBI investigator wrote a prophetic memo to headquarters about the wall.
Whatever has happened to this — someday someone will die — and wall or not — the public will not understand why we were not more effective in throwing every resource we had at certain problems…..
especially since the biggest threat to us UBL [Usama bin Laden], is getting the most protection.
So, a year before the 9/11 attacks, a special unit in the U.S. military was aware of the presence of an al-Queda cell in Brooklyn, New York, and sought to share its information with the FBI but was stopped cold.Why?Because (as described in the April 16, 2004 Washington Times piece) “on March 4, 1995, [Jamie Gorelick, the then number 2 official in the Clinton Justice Department, sent a 4-page directive] to FBI Director Louis Freeh and Mary Jo White, the New York-based U.S. attorney investigating the 1993 World Trade Center bombing.
In the memo, Ms. Gorelick ordered Mr. Freeh and Ms. White to follow information-sharing procedures
that ‘go beyond what is legally required,’ in order to avoid ‘any risk of creating an unwarranted appearance’
that the Justice Department was using Foreign Intelligence Surveillance Act (FISA) warrants, instead of ordinary criminal investigative procedures, in an effort to undermine the civil liberties of terrorism suspects.”
Could 9/11 Have Been Prevented? The Gorelick Memo and What We Knew

Year 2001: September 11 Terrorist Attacks
The 9/11 terrorist attacks were the events that helped shape other financial events of the decade. After that terrible day in September 2001, our economic climate was never to be the same again. It was only the third time in history that the New York Stock Exchange was shut down for a period of time. In this case, it was closed from September 10 - 17. Besides the tragic human loss of that day, the economic loss cannot even be estimated. Some estimate that there was over $60 billion in insurance losses alone. Airlines didn't fly for 3 days!
Approximately 18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source: 10 Events That Rocked the Financial World

Anthrax Attacks...
The 2001 anthrax attacks in the United States, also known as Amerithrax from its Federal Bureau of Investigation (FBI) case name, occurred over the course of several weeks beginning on Tuesday, September 18, 2001, one week after the September 11 attacks. Letters containing anthrax spores were mailed to several news media offices and two DemocraticU.S. Senators, killing five people and infecting 17 others.

$1 trillion in losses due to the WORST Hurricane SEASONS in history. 2,215 lives lost
The worst, Katrina made landfall in Louisiana as a Category 3 in 2005. It took 1,836 lives and caused $81.2 billion in damages. It quickly became the biggest natural disaster in U.S. history, almost destroying New Orleans due to severe flooding.
Rank Disaster Year Deaths Damage* $250 Billion in damages in the 8 disasters of the top 15 disasters in history!
1. Hurricane Katrina (LA/MS/AL/FL) 2005 1833 $133,800,000,000
6. Hurricane Ike (TX/LA/MS) 2008 112 $27,000,000,000
7. Hurricane Wilma (FL) 2005 35 $17,100,000,000
8. Hurricane Rita (TX/LA) 2005 119 $17,100,000,000
9. Hurricane Charley (FL) 2004 35 $16,500,000,000
12. Midwest Floods 2008 24 $15,000,000,000
13. Hurricane Ivan (FL/AL) 2004 57 $13,000,000,000
14. 30-State Drought 2002 0 $11,400,000,000
Costliest U.S. Weather Disasters | Weather Underground

THESE events OCCURRED!
YET in SPITE of:
a) 400,000 jobs lost due to Hurricanes Katrina/Rita ,
b) 2,800,000 jobs lost in alone due to 9/11,
c) 300,000 jobs lost due to dot.com busts... In spite of nearly $8 trillion in lost businesses, market values, destroyed property..

But totally ignorant people like you forgot about those events! They happened. People died. Businesses were destroyed!
Tax revenue was reduced!
GEEZ and YOU fault GWB for these events???

How totally dumb ass!

You've been shown many, many times ... there was no recession under Clinton. For you to continue repeating that nonsense anyway, despite knowing no recession started during his watch, proves conclusively that you're a liar.

http://www.nber.org/cycles.html

AND YOU like the rest of you idiots HAVE YET to admit the above EVENTS occurred including the slow down that STARTED under CLINTON!
Of course idiots like you totally moronically think a RECESSION is like a WATER faucet! Turn the faucet on... RECESSION... Turn the faucet off!
NO RECESSION. Doesn't WORK THAT WAY AND NBER even ADMITS IT!!!
OK let's look at NBER site...

Q: Isn't a recession a period of diminished economic activity?

A: It's more accurate to say that a recession-the way we use the word-is a period of diminishing activity rather than diminished activity.
We identify a month when the economy reached a peak of activity and a later month when the economy reached a trough.
The time in between is a recession, a period when the economy is contracting.
The following period is an expansion.
Economic activity is below normal or diminished for some part of the recession and for some part of the following expansion as well.
Some call the period of diminished activity a slump.

The NBER’s Recession Dating Procedure

So idiot....Recessions are not like faucets. On Feb 28,2001 11:59pm NO RECESSION!!! Woops... 3/1/2001 12:00 AM RECESSION!!!!
Idiot!

 

[owebo]

Whenever democrats want to say that it was the economic policies of the repubican party that led to the recession of 2008, 2009, 2010, 2012, 2013, 2014, 2015, and 2016 then someone should just point out this video


There are plenty of other videos of democrats preventing people from addressing the issues that led to the housing bubble and collapse.

You are a moron......Take a gander at the conclusions of the FCIC........the GSEs were not among the primary causes of the Great Recession......

and the recession ended near the end of Q2, 2009.....

You are a moron, the recession is still
on-going, you believe what you are spoon fed.

Not by any recognized measure of recession......but, being an uninformed imbecile, you are not expected to understand these things....

95,000,000 million want to be workers disagree with you, you liberal fucktard......

 

[healthmyths]

Spoken like a true left wing whack job.

no. spoken like someone who is tired of your lies and nonsense and propaganda.

RWNJ's are fact averse.

try sources that are legitimate.

Now that is funny considering you would not know a fact if it bit you in the face.

Are you a Drudge enthusiast?

I check out Drudge among others on the web.

explains a lot.

drudge sludge.

Are you so dumb you think Drudge WRITES all those stories! YOU really think that I bet!
HERE ARE DRUDGE'S RESOURCES:
AP TOP
AP WORLD
AP NATIONAL
AP WASHINGTON
AP BUSINESS
AP ENTERTAINMENT
AP HEADLINE WALL
AP RAW
AP RADIO
BLOOMBERG
BUSINESS WIRE
DEUTSCHE PRESSE-AGENTUR
DOW JONES
EFE
INDO-ASIAN NEWS SERVICE
INTERFAX
ISLAMIC REPUBLIC WIRE
ITAR-TASS
KYODO
MCCLATCHY [DC]
PRAVDA
PRESS ASSOCIATION
PRESS TRUST INDIA
PR NEWSWIRE
[SHOWBIZ] PR WIRE
SCRIPPS HOWARD
US INFO WIRE
WENN SHOWBIZ
XINHUA
YONHAPFRONT PAGES UK WORLDMOVIE BOXOFFICE
SHOWBUZZ DAILY
TV RATINGSABCNEWS
ACCESS HOLLYWOOD
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BILD
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BUZZFEED
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X17

 

[AmericanFirst1]

Whenever democrats want to say that it was the economic policies of the repubican party that led to the recession of 2008, 2009, 2010, 2012, 2013, 2014, 2015, and 2016 then someone should just point out this video


There are plenty of other videos of democrats preventing people from addressing the issues that led to the housing bubble and collapse.

You are a moron......Take a gander at the conclusions of the FCIC........the GSEs were not among the primary causes of the Great Recession......

and the recession ended near the end of Q2, 2009.....

You are a moron, the recession is still
on-going, you believe what you are spoon fed.

Not by any recognized measure of recession......but, being an uninformed imbecile, you are not expected to understand these things....

They think a recession ends when things are exactly how they were. Several trillion dollars evaporated into smoke and ashes almost overnight, things can never be the same after such an unprecedented global economic train wreck. There are certain to still be lingering effects for decades.

And obuthole adding more debt than any other Potus?

 

[healthmyths]

Whenever democrats want to say that it was the economic policies of the repubican party that led to the recession of 2008, 2009, 2010, 2012, 2013, 2014, 2015, and 2016 then someone should just point out this video


There are plenty of other videos of democrats preventing people from addressing the issues that led to the housing bubble and collapse.

You are a moron......Take a gander at the conclusions of the FCIC........the GSEs were not among the primary causes of the Great Recession......

and the recession ended near the end of Q2, 2009.....

You are a moron, the recession is still
on-going, you believe what you are spoon fed.

Idiota. We are not in a recession now.

That said no one forced banks to give mortgages to people who couldn't afford them. Banks were prohibited from redlining neighborhoods not from abiding by their own financial standards.

You people live in a fact-free universe.

GEEZ... "fact-free"??? Where are YOUR FACTS for the above dumb statements? Personal opinion. That's all you've posted. No links, no sources
to back up your wild hare brained comments!

 

[Faun]

Whenever democrats want to say that it was the economic policies of the repubican party that led to the recession of 2008, 2009, 2010, 2012, 2013, 2014, 2015, and 2016 then someone should just point out this video


There are plenty of other videos of democrats preventing people from addressing the issues that led to the housing bubble and collapse.

The Democrats didn't cause the collapse, but they had a chance to head it off and did nothing. In fact they were warned by Bush and he asked them to act 5 times. Each time they said no. They wanted it to happen so they could blame Bush and win elections.

You mean while Republicans controlled the House and the Senate, right?

Jesus Christ, you people were never too bright to begin with but your intelligence level has taken an epic nosedive. Read a book or something, if you can still read.

By your refusal to answer the question, I'll conclude you meant, yes, during Republican-led Congresses.

 

[Faun]

Big Government proponents from both parties contributed to the Recession, but the Dems are responsible for the lack of a proper recovery.

If we had just had an AVERAGE recovery, the economy would be $2.2T larger - $17,000 per household. Instead, we've been subjected to the blinding stupidity and incompetence of Obamanomics.

Obama's Economic Recovery Is Now $2.2 Trillion Below Average | Stock News & Stock Market Analysis - IBD

Oh, goody! We now have a Moron Quorum.....

The "reasons" for the lack of a proper recovery include

a) household deleveraging
b) the complete absence of stimulative fiscal policy - which is NOT the "fault" of Democrats....Net Government contribution to GDP has been 0.85% below the levels of 1981-1989 and 0.5% below 2001-2009.....

Geez... do you think these events had any affect on the economy? People's lives? Jobs? Tax revenue???

Are you aware that a recession started under Clinton and became official 3/01 ended 11/01?
Because idiots don't seem to comprehend... RECESSIONS are like large ships.. it takes miles to turn one...i.e. so does a "RECESSION"...
it doesn't just start the day NBER states... it is a slow degradation and it started under CLINTON!!!
Source: USATODAY.com - It's official: 2001 recession only lasted eight months

Moron -- from your own link....

The 2001 recession began in March that year, so today's announcement makes it an eight-month downturn.

USATODAY.com - It's official: 2001 recession only lasted eight months​

So Feb 28,2001 NO recession. Then Mar 1, 2001 12:01 RECESSION! Is that the way it worked?
Don't think so! Idiots like you think recessions are like water faucets. Turn spigot on Recession... Turn off no recession.
Doesn't work that WAY!

OK let's look at NBER site...

Q: Isn't a recession a period of diminished economic activity?

A: It's more accurate to say that a recession-the way we use the word-is a period of diminishing activity rather than diminished activity.
We identify a month when the economy reached a peak of activity and a later month when the economy reached a trough.
The time in between is a recession, a period when the economy is contracting.
The following period is an expansion.
Economic activity is below normal or diminished for some part of the recession and for some part of the following expansion as well.
Some call the period of diminished activity a slump.

The NBER’s Recession Dating Procedure

You are so naive! You think Recessions turn on and turn off just like a water faucet!

How dumb!

Of course that's how it works. Recessions have to start at some point and that one started in March, 2001.

 

[healthmyths]

What caused the recession/depression of 2007 was the GOP's abandonment of the fiscal discipline of the Gingrich years. Once Gingrich left in 1998 (the first year Paul BIZARRO Ryan and other treasonous Zionist RINOs were elected), the Federal spending machine started up again, and the US may never recover.

FACTS come on provide FACTS!

Why is it so hard to get the facts? The internet is so easy to use but instead idiots like you resort to stupid comments like the above...all very very
personal and very subjective. Not ONE source for your comments! As a result it is CRAP!

IN SPITE of the above:
2002 $157.8 billion deficit.. also 9/11 occurred and tax revenues lowered for years later due to dot.com/9-11 losses against revenue.
2003 $377.6 billion deficit.. BRAND new cabinet Homeland Security, plus loans made to businesses.. again tax revenues down..affect of 9/11
2004 $412.7 billion deficit.. Revenues up by 5.5% spending increased and economy getting back.
2005 $318.3 billion deficit.. revenues up by 14.5% deficit decreasing at rate of 22%
2006 $248.2 billion deficit.. revenues up by 11.7% deficit decrease 22%
2007 $160.7 billion deficit.. revenues up by 6.7% deficit decrease 35%
2008 $458.6 billion deficit.. revenues down and deficit INCREASED TARP loan mostly...
http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=20


And by the way TARP has been all paid BACK Plus making money!
Which went to Obama credit and he still has the biggest deficits!
View attachment 83805

W inherited a surplus and a strong economy, then outspent LBJ by socializing senior drugs, flushing $1 trillion into public education which produced record low test scores in 2008, and porking out across the board.

Had W behaved like Gingrich, Reagan, or his pappy, Obama never gets near the WH...

ONCE AGAIN as I've Promised... Dummies like you evidently have total amnesia as to what happened from 2001 to 2008!
HERE for you idiots as I've promised! Until you people ADMIT these events occurred and these events never occurred in any previous 8 years, i.e. we had Pearl Harbor... equate to 9/11 ...we had hurricanes... never like what occurred from 2002 to 2008. We've had recessions true. We've never had a dot.com bust though like the $8 trillion that started in 2000 and cost millions in tax revenue.

Are you aware that a recession started under Clinton and became official 3/01 ended 11/01?
Because idiots don't seem to comprehend... RECESSIONS are like large ships.. it takes miles to turn one...i.e. so does a "RECESSION"...
it doesn't just start the day NBER states... it is a slow degradation and it started under CLINTON!!!
Source: USATODAY.com - It's official: 2001 recession only lasted eight months

A Major $8 trillion market loss
Are you aware that the dot.com bust occurred and cost $8 trillion in losses? Again Clinton laid claim BUT someone had to pay and it occurred during Bush's first year!
$8 trillion in market losses MEAN lost tax revenue. PLUS JOBS!!!!
According to the Los Angeles Times, when the dot-com bubble burst, it wiped out $8 trillion dollars in market value for tech companies.
More than half of the Internet companies created since 1995 were gone by 2004 -
and hundreds of thousands of skilled technology workers were out of jobs.
Source: The dot-com bubble: How to lose $5 trillion

The worst attacks on the USA in History.. 3,000 deaths!!!
Obviously most of you are UNAWARE 9/11 cost 3,000 lives, $2 trillion in lost businesses,market values assets.
Jobs lost in New York owing to the attacks: 146,100 JUST in New York.
Are you aware this happened???
Now before you idiots say "well Bush should have known"! DUMMIES... ever hear of the Gorelick Memo signed under CLINTON??
Gorelick Memo that created the wall between FBI & CIA thus no knowledge of the 9/11 bombers shared with the FBI!!! Looks especially imprudent 10 years later.
Because the memo created a barrier for U.S. intelligence agencies to share information with the FBI, one of its unintended consequences may have been to prevent the FBI from receiving the necessary intelligence to stop the Sept. 11, 2001 terrorist attacks, the worst in American history.
Gorelick Memo Allegedly Impeded Probe of Clinton Fundraising Scandal
1995 memo [Clinton presidency-concerned about Chinese election sales] Gorelick wrote, stated explicitly that they would “go beyond what is legally required, [to] prevent any risk of creating an unwarranted appearance that FISA is being used to avoid procedural safeguards which would apply in a criminal investigation.” GORELICK Memo!
Jamie Gorelick’s wall barred anti-terror investigators from accessing the computer of Zacarias Moussaoui, the 20th hijacker, already in custody on an immigration violation shortly before 9/11.
At the time, an enraged FBI investigator wrote a prophetic memo to headquarters about the wall.
Whatever has happened to this — someday someone will die — and wall or not — the public will not understand why we were not more effective in throwing every resource we had at certain problems…..
especially since the biggest threat to us UBL [Usama bin Laden], is getting the most protection.
So, a year before the 9/11 attacks, a special unit in the U.S. military was aware of the presence of an al-Queda cell in Brooklyn, New York, and sought to share its information with the FBI but was stopped cold.Why?Because (as described in the April 16, 2004 Washington Times piece) “on March 4, 1995, [Jamie Gorelick, the then number 2 official in the Clinton Justice Department, sent a 4-page directive] to FBI Director Louis Freeh and Mary Jo White, the New York-based U.S. attorney investigating the 1993 World Trade Center bombing.
In the memo, Ms. Gorelick ordered Mr. Freeh and Ms. White to follow information-sharing procedures
that ‘go beyond what is legally required,’ in order to avoid ‘any risk of creating an unwarranted appearance’
that the Justice Department was using Foreign Intelligence Surveillance Act (FISA) warrants, instead of ordinary criminal investigative procedures, in an effort to undermine the civil liberties of terrorism suspects.”
Could 9/11 Have Been Prevented? The Gorelick Memo and What We Knew

Year 2001: September 11 Terrorist Attacks
The 9/11 terrorist attacks were the events that helped shape other financial events of the decade. After that terrible day in September 2001, our economic climate was never to be the same again. It was only the third time in history that the New York Stock Exchange was shut down for a period of time. In this case, it was closed from September 10 - 17. Besides the tragic human loss of that day, the economic loss cannot even be estimated. Some estimate that there was over $60 billion in insurance losses alone. Airlines didn't fly for 3 days!
Approximately 18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source: 10 Events That Rocked the Financial World

Anthrax Attacks...
The 2001 anthrax attacks in the United States, also known as Amerithrax from its Federal Bureau of Investigation (FBI) case name, occurred over the course of several weeks beginning on Tuesday, September 18, 2001, one week after the September 11 attacks. Letters containing anthrax spores were mailed to several news media offices and two DemocraticU.S. Senators, killing five people and infecting 17 others.

$1 trillion in losses due to the WORST Hurricane SEASONS in history. 2,215 lives lost
The worst, Katrina made landfall in Louisiana as a Category 3 in 2005. It took 1,836 lives and caused $81.2 billion in damages. It quickly became the biggest natural disaster in U.S. history, almost destroying New Orleans due to severe flooding.
Rank Disaster Year Deaths Damage* $250 Billion in damages in the 8 disasters of the top 15 disasters in history!
1. Hurricane Katrina (LA/MS/AL/FL) 2005 1833 $133,800,000,000
6. Hurricane Ike (TX/LA/MS) 2008 112 $27,000,000,000
7. Hurricane Wilma (FL) 2005 35 $17,100,000,000
8. Hurricane Rita (TX/LA) 2005 119 $17,100,000,000
9. Hurricane Charley (FL) 2004 35 $16,500,000,000
12. Midwest Floods 2008 24 $15,000,000,000
13. Hurricane Ivan (FL/AL) 2004 57 $13,000,000,000
14. 30-State Drought 2002 0 $11,400,000,000
Costliest U.S. Weather Disasters | Weather Underground

THESE events OCCURRED!
YET in SPITE of:
a) 400,000 jobs lost due to Hurricanes Katrina/Rita ,
b) 2,800,000 jobs lost in alone due to 9/11,
c) 300,000 jobs lost due to dot.com busts... In spite of nearly $8 trillion in lost businesses, market values, destroyed property..

IN SPITE of the above:
2002 $157.8 billion deficit.. also 9/11 occurred and tax revenues lowered for years later due to dot.com/9-11 losses against revenue.
2003 $377.6 billion deficit.. BRAND new cabinet Homeland Security, plus loans made to businesses.. again tax revenues down..affect of 9/11
2004 $412.7 billion deficit.. Revenues up by 5.5% spending increased and economy getting back.
2005 $318.3 billion deficit.. revenues up by 14.5% deficit decreasing at rate of 22%
2006 $248.2 billion deficit.. revenues up by 11.7% deficit decrease 22%
2007 $160.7 billion deficit.. revenues up by 6.7% deficit decrease 35%
2008 $458.6 billion deficit.. revenues down and deficit INCREASED TARP loan mostly...
http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=20

BEA National Economic Accounts
Average annual growth in the Gross Domestic Product over 8 years 2.9% compared to the Idiot's..
SMPLY THE WORST=> Obama is First President Ever to Not See Single Year of 3% GDP Growth
SIMPLY THE WORST=> Obama is First President Ever to Not See Single Year of 3% GDP Growth

 

[Faun]

Whenever democrats want to say that it was the economic policies of the repubican party that led to the recession of 2008, 2009, 2010, 2012, 2013, 2014, 2015, and 2016 then someone should just point out this video


There are plenty of other videos of democrats preventing people from addressing the issues that led to the housing bubble and collapse.

You are a moron......Take a gander at the conclusions of the FCIC........the GSEs were not among the primary causes of the Great Recession......

and the recession ended near the end of Q2, 2009.....

You are a moron, the recession is still
on-going, you believe what you are spoon fed.

Not by any recognized measure of recession......but, being an uninformed imbecile, you are not expected to understand these things....

95,000,000 million want to be workers disagree with you, you liberal fucktard......

You're beyond rightarded to think there are 95 million "want to be workers" in the U.S.. See why everyone just points and laugh at you imbeciles?

 

[healthmyths]

Big Government proponents from both parties contributed to the Recession, but the Dems are responsible for the lack of a proper recovery.

If we had just had an AVERAGE recovery, the economy would be $2.2T larger - $17,000 per household. Instead, we've been subjected to the blinding stupidity and incompetence of Obamanomics.

Obama's Economic Recovery Is Now $2.2 Trillion Below Average | Stock News & Stock Market Analysis - IBD

Oh, goody! We now have a Moron Quorum.....

The "reasons" for the lack of a proper recovery include

a) household deleveraging
b) the complete absence of stimulative fiscal policy - which is NOT the "fault" of Democrats....Net Government contribution to GDP has been 0.85% below the levels of 1981-1989 and 0.5% below 2001-2009.....

Geez... do you think these events had any affect on the economy? People's lives? Jobs? Tax revenue???

Are you aware that a recession started under Clinton and became official 3/01 ended 11/01?
Because idiots don't seem to comprehend... RECESSIONS are like large ships.. it takes miles to turn one...i.e. so does a "RECESSION"...
it doesn't just start the day NBER states... it is a slow degradation and it started under CLINTON!!!
Source: USATODAY.com - It's official: 2001 recession only lasted eight months

Moron -- from your own link....

The 2001 recession began in March that year, so today's announcement makes it an eight-month downturn.

USATODAY.com - It's official: 2001 recession only lasted eight months​

So Feb 28,2001 NO recession. Then Mar 1, 2001 12:01 RECESSION! Is that the way it worked?
Don't think so! Idiots like you think recessions are like water faucets. Turn spigot on Recession... Turn off no recession.
Doesn't work that WAY!

OK let's look at NBER site...

Q: Isn't a recession a period of diminished economic activity?

A: It's more accurate to say that a recession-the way we use the word-is a period of diminishing activity rather than diminished activity.
We identify a month when the economy reached a peak of activity and a later month when the economy reached a trough.
The time in between is a recession, a period when the economy is contracting.
The following period is an expansion.
Economic activity is below normal or diminished for some part of the recession and for some part of the following expansion as well.
Some call the period of diminished activity a slump.

The NBER’s Recession Dating Procedure

You are so naive! You think Recessions turn on and turn off just like a water faucet!

How dumb!

Of course that's how it works. Recessions have to start at some point and that one started in March, 2001.

Recessions are not like water faucets. They just don't start at Mar 1,2001 at 12:01 AM!
NO they don't have to start at some point. Idiots like YOU have to have a date... but reality is that the slow down of the economy started under Clinton.
That's a fact.
By the time he left office, the economy was slowing rapidly, and it slipped into recession in March 2001, just weeks after George W. Bush was sworn in.
Clinton and Economic Growth in the ’90s

Clinton's economic policies may have also sowed the seeds of later economic decline. Nothing can take away the fact that Clinton presided over an extraordinarily long economic expansion. But some would argue that he also deserves some demerits for policies that led to less healthy economic developments.

For instance, Dean Baker, a liberal economist, sees the stock market rise as a double-edged sword, leading to the bursting of the bubble in 2001 and perhaps helping shape a subsequent decade of only modest job growth. Baker also cited the Clinton administration's support for a strong dollar. "The policy of promoting an overvalued dollar gave us the record trade deficits that eventually peaked at almost 6 percent of GDP in 2006," Baker said.

Ultimately, few would deny that Clinton presided over impressive economic growth. Meanwhile, our number-crunching suggests that the economy's improvement did indeed accelerate after the 1993 Balanced Budget bill became law. Still, Clinton is exaggerating when he says the 1993 bill "led to an enormous flowering of the economy in America" because economists say many factors played a role. All in all, we give the former president a rating of Half True.
None

 

[owebo]

Whenever democrats want to say that it was the economic policies of the repubican party that led to the recession of 2008, 2009, 2010, 2012, 2013, 2014, 2015, and 2016 then someone should just point out this video


There are plenty of other videos of democrats preventing people from addressing the issues that led to the housing bubble and collapse.

The Democrats didn't cause the collapse, but they had a chance to head it off and did nothing. In fact they were warned by Bush and he asked them to act 5 times. Each time they said no. They wanted it to happen so they could blame Bush and win elections.

The Democrats did not rule the House or the Senate, the Republicans did, and the Republicans were the Majority and could have brought up the legislation that the Republican Senator Hagel proposed to reign in Fannie and Freddie, but Freddie Mac spent a couple of million dollars Lobbying REPUBLICAN SENATORS to kill the Hagel bill, and when the Majority Republican leader of the Senate realized all of these Republican Senators changed their minds on the Hagel legislation after being lobbied/bought by Freddie Mac, they never brought Hagel's bill to the Floor of the Senate for a vote.

YOUR PARTY is at FAULT.

What planet are you living on? When Bush was POTUS he asked the DEMOCRAT Controlled House and Senate 5 times to take steps to stop it. they refused. This is easily proven fact. You are dead wrong as usual, idiot.

FACTS!!!

President Bush publicly called for GSE reform at least 17 times in 2008 alone before Congress acted.

Unfortunately, these warnings went unheeded, as the President's repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems.
Setting the Record Straight: The Three Most Egregious Claims In The New York Times Article On The Housing Crisis

Many prominent Democrats, including House Finance Chairman Barney Frank, opposed any legislation correcting the risks posed by GSEs.
* House Financial Services Committee Chairman Barney Frank (D-MA) criticized
the President's warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis .
The more people exaggerate these problems,
the more pressure there is on these companies, the less we will see in terms of affordable
housing."...
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae,"
New York Times, 9/11/03)
* Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd also
ignored the President's warnings and called on him to "immediately reconsider his ill-advised"
position. Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze
Is Rejected, As Critics Complain Of Opportunism," New York Times, 8/11/07)
Barney Frank's Fannie and Freddie Muddle

And in 2008, Democrats passed GS

Whenever democrats want to say that it was the economic policies of the repubican party that led to the recession of 2008, 2009, 2010, 2012, 2013, 2014, 2015, and 2016 then someone should just point out this video


There are plenty of other videos of democrats preventing people from addressing the issues that led to the housing bubble and collapse.

You are a moron......Take a gander at the conclusions of the FCIC........the GSEs were not among the primary causes of the Great Recession......

and the recession ended near the end of Q2, 2009.....

You are a moron, the recession is still
on-going, you believe what you are spoon fed.

Not by any recognized measure of recession......but, being an uninformed imbecile, you are not expected to understand these things....

95,000,000 million want to be workers disagree with you, you liberal fucktard......

You're beyond rightarded to think there are 95 million "want to be workers" in the U.S.. See why everyone just points and laugh at you imbeciles?

Thank you for confirming what we all already know....you liberals are fuckimg idiots....

Don't tell us....you're a taker too....

 

[Faun]

Whenever democrats want to say that it was the economic policies of the repubican party that led to the recession of 2008, 2009, 2010, 2012, 2013, 2014, 2015, and 2016 then someone should just point out this video


There are plenty of other videos of democrats preventing people from addressing the issues that led to the housing bubble and collapse.

You are a moron......Take a gander at the conclusions of the FCIC........the GSEs were not among the primary causes of the Great Recession......

and the recession ended near the end of Q2, 2009.....

You are a moron, the recession is still
on-going, you believe what you are spoon fed.

Not by any recognized measure of recession......but, being an uninformed imbecile, you are not expected to understand these things....

They think a recession ends when things are exactly how they were. Several trillion dollars evaporated into smoke and ashes almost overnight, things can never be the same after such an unprecedented global economic train wreck. There are certain to still be lingering effects for decades.

And obuthole adding more debt than any other Potus?

Who was the last president to not do that?