LOL
Everything you posted occurred under Bush's regime.
Great Bush Recession.
But again, he had help...
"Thanks to OUR policies, home ownership in America is at an all-time high!" ~ George Bush, 2004 RNC acceptance speech
And blaming Barney Frank is beyond rightarded.
Though he was wrong on the issue, he was harmless as one member of the minority party in the House.
Republicans were in charge. Sorry reality sucks for you conservatives.
YES these EVENTS did occur under GWB. NO QUESTION.
But only Idiots like you put the entire blame for these events on GWB!
Well here is
$8 trillion losses due to dot.com bust. Was that GWB's fault???
America Is Its Own Worst Enemy - Trapped In Irrational Exuberance | Zero Hedge
leaves $11.2 trillion.
WTC 9/11 cost 3,000 lives, $2 trillion in lost businesses,market values assets. How was that GWB's fault?
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:
Events That Rocked the Financial World
Leaves $9.2 trillion!
$1 trillion in losses due to the WORST Hurricane SEASONS in history. 2,215 lives lost.
Costliest U.S. Weather Disasters | Weather Underground
Unlike idiots like you and most of the MSM who like Evan Thomas EDITOR of NewsWeek who said of Obama:
"I mean in a way Obama’s standing above the country, above – above the world, he’s sort of God."
GWB IS NO God and couldn't control the weather... but idiots like you and even Obama who thought himself to be deity when on his nomination he said:
This was the moment when the rise of the oceans began to slow and our planet began to heal."
Is Barack Obama the Messiah?: "this was the moment when the rise of the oceans began to slow and our planet began to heal ..."
leaves $8.2 Trillion!
Much of the lost household wealth came from declines in the value of real estate, which dropped $6 trillion, or nearly 30% of its value, from the end of 2006 to the end of last year [2010]. And after posting modest gains in 2009 and the first half of 2010, the value of homes started to fall again in mid-2010.
America's lost trillions
Now that leaves $2.2 Trillion. A LONG,LONG way from the $19.2 Trillion idiots like you say was all GWB's fault!
I at least will agree. $2.2 trillion of the loss of $19.2 trillion can be attributed to GWB's lack of attention to the housing bubble... EVEN
though he tried to reign in Fannie/Freddie (AS FRANK admits should have been!)
But dummies like you can't even admit you are off by 90% in that stupid $19 trillion blame on GWB!
Again recession admittedly by the NBER started way earlier then the official 3/1/01 date..
"It is clear that the
revised data have made
our original March date for the start of the recession much too late. We are still waiting for additional monthly data before making a final judgment. Until we have the additional data, we cannot make a decision."
[5]
Early 2000s recession - Wikipedia
And the $8 trillion in dot.com bust...
America Is Its Own Worst Enemy - Trapped In Irrational Exuberance | Zero Hedge
And the $2 trillion in WTC 9/11 that cost 3,000 lives, $2 trillion in lost businesses,market values assets.
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:
Events That Rocked the Financial World
And the $1 trillion in hurricanes...
Costliest U.S. Weather Disasters | Weather Underground
But of course idiots like you that believe Obama is a god...
Is Barack Obama the Messiah?: "this was the moment when the rise of the oceans began to slow and our planet began to heal ..."
blame GWB for these events? Of course you do. If you believe Obama is a God, then what was GWB if he was to blame for the above events?
Still not even close to the $29 trillion Bush's Great Recession cost us.
EXPLAIN to me how you come up with any credibility when you willy-nilly spout out NOTHING with ANY Proof!!!
YOU know any dummy can come up with a figure! Where in the hell DUMMY did you come up with $29 TRILLION????
Give me links. Proof that the so-called recession that has been directly linked to the
Many factors directly and indirectly caused the
Great Recession (which started in 2007 with the US
subprime mortgage crisis), with experts and economists placing different weights on particular causes.
Major causes of the initial subprime mortgage crisis and following recession include: International trade imbalances and lax lending standards contributing to high levels of developed country
household debt and
real-estate bubbles that have since burst; U.S. government housing policies; and limited regulation of non-depository financial institutions. Once the recession began, various responses were attempted with different degrees of success. These included fiscal policies of governments; monetary policies of central banks; measures designed to help indebted consumers refinance their mortgage debt; and inconsistent approaches used by nations to bail out troubled banking industries and private bondholders, assuming private debt burdens or socializing losses.
Causes of the Great Recession - Wikipedia
HOW does the cause of your phony $29 Trillion fall at the feet of GWB???
NOW dummy where is the proof to counter this statement:
TARP which was part of Bush's deficits was entirely paid back with a profit!
Bailout Scorecard | Eye on the Bailout | ProPublica
DEBT responsibility to GWB $622.5B
DEBT PAID back to Obama $698.3B
Net Profit credited to Obama's budget $75.8B
http://www.whitehouse.gov/omb/budget/Historicals
YET Obama even with this additional $698.3 Billion paid back Obama RACKED UP these DEFICITS!
[*]Year Receipts Outlays Surplus or Deficit (–)
[*]2000 2,025,191 1,788,950 236,241
[*]2001 1,991,082 1,862,846 128,236 Dot.com Bust, 9/11, Recession
[*]2002 1,853,136 2,010,894 -157,758
[*]2003 1,782,314 2,159,899 -377,585 tax cuts took affect worst hurricanes SEASONS in history
[*]2004 1,880,114 2,292,841 -412,727 biggest deficit..,, worst hurricanes SEASONS in history
[*]2005 2,153,611 2,471,957 -318,346 deficit decline,,worst hurricanes SEASONS in history
[*]2006 2,406,869 2,655,050 -248,181 deficit decline,,worst hurricanes SEASONS in history
[*]2007 2,567,985 2,728,686 -160,701 deficit decline
[*]2008 2,523,991 2,982,544 -458,553 housing bubble
[*]2009 2,104,989 3,517,677 -1,412,688 TARP,Stimulus
[*]2010 2,162,706 3,457,079
-1,294,373 This doesn't look like $600 billion deficit???
[*]2011 2,303,466 3,603,059 -1,299,593 This doesn't look like $600 billion deficit???
[*]2012 2,450,164 3,537,127 -1,086,963 This doesn't look like $600 billion deficit???
[*]2013 2,712,045 3,684,947 -972,902 estimate
[*]2014 3,033,618 3,777,807 -744,189 estimate
[*]2015 3,331,685 3,908,157 -576,472 estimate
[*]2016 3,561,451 4,089,836 -528,385 estimate
[*]2017 3,760,542 4,247,448 -486,906 estimate
[*]2018 3,973,974 4,449,240 -475,266 estimate
[/LIST]
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