Trump blames Obama for doubling the debt

[ElmerMudd]

Tonight rump blamed Obama for the debt under his administration.

1) Most of that debt was due to the Bush Administration's worst recession in 80 years as the deficit in 2009 was estimated to be over a trillion even before Obama took office.

2) Trump had made no improvements in the deficit since taking office despite taking over in a the midst of the longest streak (broken by Trump) of job gains & low unemployment

3) If you want to see huge deficits again, let Trump pass his tax plan. The Bush tax cut was a major part of that Great Recession

Democrats caused the Great Recession with their mortgage policies and then blamed it on Bush.
Bush's tax cut got us out of the Tech Stock Bubble recession.
Left Wingers are dumb.

Less regulation of mortgages contributed to the recession. That was driven by Republicans. Making mortgages easier to obtain was driven by Democrats. The biggest driver was the approval of derivative by both parties.

But ultimately it was caused by greedy bankers finding ways to take advantage of the above to make excessive profits and then bailing when they had the excessive losses that came with the risky investments created.
More regulations would have caught the slime buckets.
These simple minded people who want to blame one party on a simplistic interpretation that is false.
Trump supporters want everything to be simpler than it is.

The root cause of the Great Recession is liberal culture which produces lower class people who don't pay their bills and who have bad credit. That is why Clinton lowered the mortgage lending standards.

Derivatives were the main cause. Do you even know what a derivative is? In this case it was an investment that would hedge a mortgage by betting it would default. If you allow one derivative per mortgage it is a zero sum game. But the law allowed for one mortgage to back multiple derivatives. If the mortgage failed there would not be funds to pay off the many derivatives. It puts a multiplier effect on bad mortgages. That caused many financial institution to default.
You are correct that the democrats made mortgages easier to get for low income people but the bigger driver were banks allowing middle and high income individuals to qualify for loans they should not of.

You obviously have very little knowledge of investing and our banking system.

If you allow one derivative per mortgage it is a zero sum game. But the law allowed for one mortgage to back multiple derivatives. If the mortgage failed there would not be funds to pay off the many derivatives.

It's still zero sum.
If Goldman insured the same $500,000 mortgage, 5 times and the mortgage fails, Goldman pays out $2,500,000 and the insured parties receive $2,500,000.

It puts a multiplier effect on bad mortgages.

How many mortgages had a CDS written against them even once, let alone multiple times?
Probably a really small number.

That caused many financial institution to default.

How many firms went under because they wrote CDS?
How many went under just because they wrote/held crappy mortgages?

It is not a 0 sum gain. Goldman has to pay out 2,500,000 and they took in mainly $500,000 at most. They have to default on the payment or go bankrupt.

 

[JakeStarkey]

If Obama had been able to run again, Trump would not have got into the race.

Obama said his policies and legacy were running in 2016 and he lost. So much for your theory.

Not at all, slick. If BHO had run, Trump was done . . . before he even started. I love how Barak fucked up Donald's chance in 2012 at the press dinner the year before.

 

[BluesLegend]

If Obama had been able to run again, Trump would not have got into the race.

Obama said his policies and legacy were running in 2016 and he lost. So much for your theory.

So far trumps legacy will be blank..

I think your brain is blank. To suggest that Trump hasn't accomplished anything is pretty retarded.

 

[ElmerMudd]

Tonight rump blamed Obama for the debt under his administration.

1) Most of that debt was due to the Bush Administration's worst recession in 80 years as the deficit in 2009 was estimated to be over a trillion even before Obama took office.

2) Trump had made no improvements in the deficit since taking office despite taking over in a the midst of the longest streak (broken by Trump) of job gains & low unemployment

3) If you want to see huge deficits again, let Trump pass his tax plan. The Bush tax cut was a major part of that Great Recession

Democrats caused the Great Recession with their mortgage policies and then blamed it on Bush.
Bush's tax cut got us out of the Tech Stock Bubble recession.
Left Wingers are dumb.

Less regulation of mortgages contributed to the recession. That was driven by Republicans. Making mortgages easier to obtain was driven by Democrats. The biggest driver was the approval of derivative by both parties.

But ultimately it was caused by greedy bankers finding ways to take advantage of the above to make excessive profits and then bailing when they had the excessive losses that came with the risky investments created.
More regulations would have caught the slime buckets.
These simple minded people who want to blame one party on a simplistic interpretation that is false.
Trump supporters want everything to be simpler than it is.

The biggest driver was the approval of derivative by both parties.

Why do you think that?

Don't be a sealion. Why Sealioning Is Bad

Informed people know about the drivers. If you don't, start researching.

Articles: Uh, Hillary, Your Hubby Caused the 2008 Recession

You cannot be this dumb

 

[BluesLegend]

If Obama had been able to run again, Trump would not have got into the race.

Obama said his policies and legacy were running in 2016 and he lost. So much for your theory.

Not at all, slick. If BHO had run, Trump was done . . . before he even started. I love how Barak fucked up Donald's chance in 2012 at the press dinner the year before.

Your irrational theories are on conflict with facts and reality.

 

[Brain357]

If Obama had been able to run again, Trump would not have got into the race.

Obama said his policies and legacy were running in 2016 and he lost. So much for your theory.

So far trumps legacy will be blank..

I think your brain is blank. To suggest that Trump hasn't accomplished anything is pretty retarded.

Where is the wall? Where is great healthcare for everybody? Where are his tariffs? Any president can do a few crappy executive orders. Trump has done nothing.

 

[CrusaderFrank]

If Obama had been able to run again, Trump would not have got into the race.

Obama said his policies and legacy were running in 2016 and he lost. So much for your theory.

Not at all, slick. If BHO had run, Trump was done . . . before he even started. I love how Barak fucked up Donald's chance in 2012 at the press dinner the year before.

Obama roasts himself, even better

 

[CrusaderFrank]

If Obama had been able to run again, Trump would not have got into the race.

Obama said his policies and legacy were running in 2016 and he lost. So much for your theory.

Not at all, slick. If BHO had run, Trump was done . . . before he even started. I love how Barak fucked up Donald's chance in 2012 at the press dinner the year before.

Your irrational theories are on conflict with facts and reality.

He probably forgot which account he was using

 

[Meathead]

[
It is not a 0 sum gain. Goldman has to pay out 2,500,000 and they took in mainly $500,000 at most. They have to default on the payment or go bankrupt.

It's a "zero-sum game", not gain. And you're an idiot.

 

[BluesLegend]

If Obama had been able to run again, Trump would not have got into the race.

Obama said his policies and legacy were running in 2016 and he lost. So much for your theory.

So far trumps legacy will be blank..

I think your brain is blank. To suggest that Trump hasn't accomplished anything is pretty retarded.

Where is the wall? Where is great healthcare for everybody? Where are his tariffs? Any president can do a few crappy executive orders. Trump has done nothing.

I will bookmark your post for future mocking. You people are so unglued now I can't even imagine your mental state at the end of Trump's term.

 

[miketx]

Tonight rump blamed Obama for the debt under his administration.

1) Most of that debt was due to the Bush Administration's worst recession in 80 years as the deficit in 2009 was estimated to be over a trillion even before Obama took office.

2) Trump had made no improvements in the deficit since taking office despite taking over in a the midst of the longest streak (broken by Trump) of job gains & low unemployment

3) If you want to see huge deficits again, let Trump pass his tax plan. The Bush tax cut was a major part of that Great Recession

Mostly lies again. LOL at you comparing Trump to Obama (8 years) and bush (8 years) while Trump has not even had 1 year. The liberal stupid never ends does it?

 

[ElmerMudd]

Less regulation of mortgages contributed to the recession. That was driven by Republicans. Making mortgages easier to obtain was driven by Democrats. The biggest driver was the approval of derivative by both parties.

But ultimately it was caused by greedy bankers finding ways to take advantage of the above to make excessive profits and then bailing when they had the excessive losses that came with the risky investments created.
More regulations would have caught the slime buckets.
These simple minded people who want to blame one party on a simplistic interpretation that is false.
Trump supporters want everything to be simpler than it is.

The biggest driver was the approval of derivative by both parties.

Why do you think that?

I am speaking of derivatives that were created as a hedge on mortgages allowing one mortgage to back many derivatives. When a mortgage failed it had a multiplier effect of the loss through the economy.

When a mortgage failed it had a multiplier effect of the loss through the economy.

Say Elmer Bank holds a $500,000 mortgage and buys a derivative from Goldman Sachs to hedge the risk.
The mortgage fails. Elmer Bank loses $100,000. Goldman pays Elmer Bank $100,000.

How is that multiplying through the economy?

Many derivatives can be sold against the one $500,000 mortgage. The derivatives themselves can be traded.

Yup. A bunch of zero sum trades. So what?

It is not a 0 sum game. You have a $500,000 asset securing $2,500,000 in investments. With default there is a $2,000,000 short fall. That results in the many defaults that cause of the recession.
What is your financial background. I hope you go to a professional for financial advise. You know very little

 

[Brain357]

If Obama had been able to run again, Trump would not have got into the race.

Obama said his policies and legacy were running in 2016 and he lost. So much for your theory.

So far trumps legacy will be blank..

I think your brain is blank. To suggest that Trump hasn't accomplished anything is pretty retarded.

Where is the wall? Where is great healthcare for everybody? Where are his tariffs? Any president can do a few crappy executive orders. Trump has done nothing.

I will bookmark your post for future mocking. You people are so unglued now I can't even imagine your mental state at the end of Trump's term.

I don't hear you listing all his accomplishments. How's that tax thing going?

 

[ElmerMudd]

[
It is not a 0 sum gain. Goldman has to pay out 2,500,000 and they took in mainly $500,000 at most. They have to default on the payment or go bankrupt.

It's a "zero-sum game", not gain. And you're an idiot.

It can only be a zero sum game if the money is paid out. That was the problem. The investments were defaulted on because there were no hard assets backing them.
There were retirement funds and individuals invested in companies that could not pay out what was owed. Or companies who did not receive what is owed causing major defaults along with the mortgage defaults.

IF IT WAS A 0 SUM GAME THERE WOULD NOT HAVE BEEN A FINANCIAL CRISIS AND A RECESSION. YOU ARE AN IDIOT!!!!!

 

[Toddsterpatriot]

Democrats caused the Great Recession with their mortgage policies and then blamed it on Bush.
Bush's tax cut got us out of the Tech Stock Bubble recession.
Left Wingers are dumb.

Less regulation of mortgages contributed to the recession. That was driven by Republicans. Making mortgages easier to obtain was driven by Democrats. The biggest driver was the approval of derivative by both parties.

But ultimately it was caused by greedy bankers finding ways to take advantage of the above to make excessive profits and then bailing when they had the excessive losses that came with the risky investments created.
More regulations would have caught the slime buckets.
These simple minded people who want to blame one party on a simplistic interpretation that is false.
Trump supporters want everything to be simpler than it is.

The biggest driver was the approval of derivative by both parties.

Why do you think that?

Don't be a sealion. Why Sealioning Is Bad

Informed people know about the drivers. If you don't, start researching.

Bad mortgages. Cost the banks hundreds of billions.
It was in all the papers.

Good on you! That was part of it, along with the derivatives. Keep studying.

That was part of it, along with the derivatives.

Nah.

 

[Toddsterpatriot]

Democrats caused the Great Recession with their mortgage policies and then blamed it on Bush.
Bush's tax cut got us out of the Tech Stock Bubble recession.
Left Wingers are dumb.

Less regulation of mortgages contributed to the recession. That was driven by Republicans. Making mortgages easier to obtain was driven by Democrats. The biggest driver was the approval of derivative by both parties.

But ultimately it was caused by greedy bankers finding ways to take advantage of the above to make excessive profits and then bailing when they had the excessive losses that came with the risky investments created.
More regulations would have caught the slime buckets.
These simple minded people who want to blame one party on a simplistic interpretation that is false.
Trump supporters want everything to be simpler than it is.

The root cause of the Great Recession is liberal culture which produces lower class people who don't pay their bills and who have bad credit. That is why Clinton lowered the mortgage lending standards.

Derivatives were the main cause. Do you even know what a derivative is? In this case it was an investment that would hedge a mortgage by betting it would default. If you allow one derivative per mortgage it is a zero sum game. But the law allowed for one mortgage to back multiple derivatives. If the mortgage failed there would not be funds to pay off the many derivatives. It puts a multiplier effect on bad mortgages. That caused many financial institution to default.
You are correct that the democrats made mortgages easier to get for low income people but the bigger driver were banks allowing middle and high income individuals to qualify for loans they should not of.

You obviously have very little knowledge of investing and our banking system.

If you allow one derivative per mortgage it is a zero sum game. But the law allowed for one mortgage to back multiple derivatives. If the mortgage failed there would not be funds to pay off the many derivatives.

It's still zero sum.
If Goldman insured the same $500,000 mortgage, 5 times and the mortgage fails, Goldman pays out $2,500,000 and the insured parties receive $2,500,000.

It puts a multiplier effect on bad mortgages.

How many mortgages had a CDS written against them even once, let alone multiple times?
Probably a really small number.

That caused many financial institution to default.

How many firms went under because they wrote CDS?
How many went under just because they wrote/held crappy mortgages?

It is not a 0 sum gain. Goldman has to pay out 2,500,000 and they took in mainly $500,000 at most. They have to default on the payment or go bankrupt.

Goldman has to pay out 2,500,000

And the party that bought the CDS receives 2,500,000

They have to default on the payment or go bankrupt.

Why would Goldman default on a payment of 2,500,000?

 

[francoHFW]

Bush absolutely wrecked the world most incredibly incompetent president ever and he'll be the blame for the world for years to come. After Obama we have the best economy in the world and are basically out of the stupidest Wars ever. Not bad considering Republicans fought him every step of the way even on their own ideas and solutions. The only reason anyone vote for them is because they're totally misinformed by the biggest and most disgraceful propaganda machine ever, super dupe.

I almost never read your posts so I never realized that you're either semi-literate or that English isn't your first language. or perhaps both.

It's not me it's my smartphone... I am highly educated... Thank you very much, highly respected backwoodsman... / dupe. Slash Meathead.

 

[francoHFW]

Tonight rump blamed Obama for the debt under his administration.

1) Most of that debt was due to the Bush Administration's worst recession in 80 years as the deficit in 2009 was estimated to be over a trillion even before Obama took office.

2) Trump had made no improvements in the deficit since taking office despite taking over in a the midst of the longest streak (broken by Trump) of job gains & low unemployment

3) If you want to see huge deficits again, let Trump pass his tax plan. The Bush tax cut was a major part of that Great Recession

Democrats caused the Great Recession with their mortgage policies and then blamed it on Bush.
Bush's tax cut got us out of the Tech Stock Bubble recession.
Left Wingers are dumb.

Less regulation of mortgages contributed to the recession. That was driven by Republicans. Making mortgages easier to obtain was driven by Democrats. The biggest driver was the approval of derivative by both parties.

But ultimately it was caused by greedy bankers finding ways to take advantage of the above to make excessive profits and then bailing when they had the excessive losses that came with the risky investments created.
More regulations would have caught the slime buckets.
These simple minded people who want to blame one party on a simplistic interpretation that is false.
Trump supporters want everything to be simpler than it is.

Clinton did not lower the lending standards. Banks decided if the lenders could afford to pay the loans back.



The root cause of the Great Recession is liberal culture which produces lower class people who don't pay their bills and who have bad credit. That is why Clinton lowered the mortgage lending standards.

lol daayuuum the Troglocrats refuse to accept the reality of the Democrat Great Recession

Seven years into a republican Administration... You are out of your tiny Minds. The swamp is Republican Administrations, you brainwashed functional morons duh!

 

[Thinker101]

Christ sake, seeing a bunch of "facts" but not many links.
http://www.truthfulpolitics.com/htt...-s-federal-debt-by-president-political-party/

 

[Toddsterpatriot]

The biggest driver was the approval of derivative by both parties.

Why do you think that?

I am speaking of derivatives that were created as a hedge on mortgages allowing one mortgage to back many derivatives. When a mortgage failed it had a multiplier effect of the loss through the economy.

When a mortgage failed it had a multiplier effect of the loss through the economy.

Say Elmer Bank holds a $500,000 mortgage and buys a derivative from Goldman Sachs to hedge the risk.
The mortgage fails. Elmer Bank loses $100,000. Goldman pays Elmer Bank $100,000.

How is that multiplying through the economy?

Many derivatives can be sold against the one $500,000 mortgage. The derivatives themselves can be traded.

Yup. A bunch of zero sum trades. So what?

It is not a 0 sum game. You have a $500,000 asset securing $2,500,000 in investments. With default there is a $2,000,000 short fall. That results in the many defaults that cause of the recession.
What is your financial background. I hope you go to a professional for financial advise. You know very little

It is not a 0 sum game

It is.

You have a $500,000 asset securing $2,500,000 in investments.

You're over complicating the issue.
It's like a bet between Goldman and the other party.
Goldman is betting the mortgages will be paid, the other side is betting they'll default.

My $10 bet on tonight's Cubs game is also a zero sum game.

What is your financial background.

Decades in the business.