We Know Who They Will Blame When Trump Crashes the Economy.

[Polishprince]

Trump's putting American First

Have some more orange kool-aid.

The reference to Rev. Jim Jones is a laugh. Although inaccurate as well, as Jones used Flavorade, not Kool Aid as his powdered beverage of choice.

Rev. Jones was an Ultraliberal preacher, firmly entrenched in the religious left. Very highly respected, he was the Jim Wallis of his day.

Had nothing to do with conservatism at all.

 

[Dragonlady]

According to the so called experts the economy was going to crash the day Trump was sworn in.

No expert said any such thing. In fact, the economy is performing exactly like the experts predicted except they thought the slowdown wouldn’t come until after 2020, but then then didn’t factor in the effect on years of tariffs when they came up with 2020 for the slowdown.

Experts know that it takes a long time for the US economy to speed up or slow down.

 

[nat4900]

Rev. Jones was an Ultraliberal preacher, firmly entrenched in the religious left. Very highly respected, he was the Jim Wallis of his day.

Moron. the analogy has NOTHING to do with party affiliation....it has to do with the CULT mentality of which you're member.

 

[Toddsterpatriot]

No, I am not going to talk about the QE forever program under Obama again. I get sick of these morons who think that it is someone else who crashed the economy not Obama and his FED bitch Janet Yellow belly, who could of raised interest rates, during her time, but would of made the economy worse than 1934.

This OP needs to be merged with the 1000 other "I hate President Trump posts, about the economy."

Quantitative easing a time bomb: Stephen Roach - Fast Forward

How did Obama cause the Bush recession? It started 4th quarter of 2007.

The Democrat Congress elected in 2006 worked hard to crash the economy in 07-08, and B. Hussein O was a leading member of that Congress. It was part of their successful strategy to regain power.

And who was in charge in 2007????


The 2007 financial crisis is the breakdown of trust that occurred between banks the year before the 2008 financial crisis. It was caused by the subprime mortgage crisis, which itself was caused by the unregulated use of derivatives. ... Despite these efforts, the financial crisis still led to the Great Recession.

It was caused by the subprime mortgage crisis, which itself was caused by the unregulated use of derivatives.

What did derivatives do to cause the crisis?
What about the subprime mandate for Fannie and Freddie?

Here nitwit, why tax cuts are the prelude to great recessions ......its an on-going task to educate right wing morons.


George W. Bush tops the presidency deficits list with total budget deficits of $2.134 trillion during his presidency.

why tax cuts are the prelude to great recessions

Is it because you're a stupid twat?

 

[Toddsterpatriot]

Trump's economic policies were not smart. He borrowed ridiculous amounts of money (Much more than the Obama...)

Are you sure?

Trump's been President for 981 days and the Federal debt has increased by $2,662,653,063,595.70 during that period.

Over Obama's final 981 days the debt increased by $2,475,731,979,931.70, a bit less in nominal terms, but, a bit more in inflation adjusted dollars.

... now the economy is looking worn out and ready to crash...

Trump's has 9 full quarters, averaging 2.7% Obama's final 9 full quarters averaged only 2%, so, Trump's economy is a 1/3rd stronger.

Debt to the Penny (Daily History Search Application)

let us know when you beat +150% on the DOW and 75 straight months of 6 digit employment gains

let us know when you beat +150% on the DOW

Trump's annual increase in the Dow is better than Obama's, so far.

 

[Polishprince]

Rev. Jones was an Ultraliberal preacher, firmly entrenched in the religious left. Very highly respected, he was the Jim Wallis of his day.

Moron. the analogy has NOTHING to do with party affiliation....it has to do with the CULT mentality of which you're member.

Liberal religion is sort of cultic, of course.

Always has been. The way they come up with things like Gay Marriage and Adam and Steve in the Garden really isn't logical. Although the Radical Epuiscopalianite faith has adopted it.

 

[blackhawk]

According to the so called experts the economy was going to crash the day Trump was sworn in.

No expert said any such thing. In fact, the economy is performing exactly like the experts predicted except they thought the slowdown wouldn’t come until after 2020, but then then didn’t factor in the effect on years of tariffs when they came up with 2020 for the slowdown.

Experts know that it takes a long time for the US economy to speed up or slow down.

Yes they did the idiots let there dislike for Trump color everything they do they did it from the moment he hit 270 electoral votes and have continued to do so this day.

 

[edthecynic]

How did Bush cause the Great Recession?
The Great Recession was caused by Clinton's mortgage policies.
Clinton lowered the mortgage lending standards because so many Dem Voters are bad lending risks.
Then after those loans went bad it caused the Great Recession.

Actually as you well know, it was BUSH who lowered the lending standards not Clinton. Under Clinton only borrowers with pristine credit could get no downpayment loans.
Bush's Dec 2003 American Dream Downpayment Initiative (ADDI) is what changed the rules to allow no downpayment loans to people with bad credit for more than the house was worth.

Bush seeks to increase minority homeownership

By Thomas A. Fogarty, USA TODAY

In a bid to boost minority homeownership, President Bush will ask Congress for authority to eliminate the down-payment requirement for Federal Housing Administration loans.

In announcing the plan Monday at a home builders show in Las Vegas, Federal Housing Commissioner John Weicher called the proposal the "most significant FHA initiative in more than a decade." It would lead to 150,000 first-time owners annually, he said.

Nothing-down options are available on the private mortgage market, but, in general, they require the borrower to have pristine credit. Bush's proposed change would extend the nothing-down option to borrowers with blemished credit.

The FHA isn't a direct lender, but guarantees loan payments for mortgages on moderately priced owner-occupied property. The FHA guarantee now permits private lenders to finance as much as 97% of the purchase price of a home for millions of low- and middle-income borrowers.

In the proposal soon to be delivered to Congress, Bush would allow the FHA to guarantee loans for the full purchase price of the home, plus down-payment costs. As a practical matter, the FHA would guarantee mortgages as high as 103% of the value of the underlying property.

 

[edthecynic]

As for your claim that the economy is "crashing", the economy grew 2.55% in the first half and the Atlanta Fed is predicting 2.1% for the current quarter.

Gee the same Atlanta Fed that predicted a 5.4% GDP Q1 2018 that ended up as 2.5%.
Atlanta Federal Reserve GDP model predicts USA 5.4% GDP growth in first quarter 2018 – highest since 2003 – NextBigFuture.com
Atlanta Federal Reserve GDP model predicts USA 5.4% GDP growth in first quarter 2018 – highest since 2003
Brian Wang | February 3, 2018

 

[okfine]

Trump's economic policies were not smart. He borrowed ridiculous amounts of money (Much more than the Obama Stimulus...) 8+ years into an economic expansion, pumped it into the economy, got a little bounce with only a few quarters of good growth, and now the economy is looking worn out and ready to crash.

This is identical to Bush. Bush inherited a budget surplus, gave a big tax cut to the ultra wealthy along with massive spending packages, squandered the surplus, racked up massive deficits, and had a total economic melt down.

Republicans can't take responsibility for any of their failures. Bush's collapse is somehow the 2006 democrats fault. The 2 losing wars, not his fault, etc etc. When Trump's policies collapse this economy we know that the GOP will not man up and take personal responsibility for their policies, they will blame... THE FED.

Here's David Stockman breaking down Trump's economic policies and why they are bad:

I'm still waiting to see all of those great deals he boasts about. Like the China deal. How long will Trump talk about that great deal?

 

[IM2]

Trump's economic policies were not smart. He borrowed ridiculous amounts of money (Much more than the Obama Stimulus...) 8+ years into an economic expansion, pumped it into the economy, got a little bounce with only a few quarters of good growth, and now the economy is looking worn out and ready to crash.

This is identical to Bush. Bush inherited a budget surplus, gave a big tax cut to the ultra wealthy along with massive spending packages, squandered the surplus, racked up massive deficits, and had a total economic melt down.

Republicans can't take responsibility for any of their failures. Bush's collapse is somehow the 2006 democrats fault. The 2 losing wars, not his fault, etc etc. When Trump's policies collapse this economy we know that the GOP will not man up and take personal responsibility for their policies, they will blame... THE FED.

Here's David Stockman breaking down Trump's economic policies and why they are bad:

Hold on a minute...I thought this was the Kenyan Chimps economy...no?
Ask Golfing Gator and g5000 they told us so.

There is no Kenyan chimp white boy. And don't any of you whine about racism after you don't say shit to this punk when he referred to a black man as a chimp.

Trump inherited Obama's economy and he has removed many of the safeguards that created the growth. So what's coming is because of Trump. But was we see, the OP was spot on in his assessment of republicans.

 

[IM2]

Cheeto has been raising interest rates?...Missed that memo.

No Cheeto has run annual deficits to over $1T and enacted bad economic policies, just like David Stockman said. This is why the economy will collapse.

When is the GOP going to take responsibility for their actions?

Never. Responsibility is for them to tell others to take.

 

[IM2]

Due to our dumbed-down Government School System, very few Americans know anything about the Federal Reserve. It's not their friend. It's collapsed the US Economy all throughout history.

The Fed always benefits greatly from such collapses. Americans just need to become informed about the Federal Reserve, and its long dark history. Once they do that, they'll quickly see that the Fed isn't their friend.

When Trump's policies collapse this economy we know that the GOP will not man up and take personal responsibility for their policies, they will blame... THE FED.

Just as the OP said.

 

[IM2]

Trump's economic policies were not smart. He borrowed ridiculous amounts of money (Much more than the Obama...)

Are you sure?

Trump's been President for 981 days and the Federal debt has increased by $2,662,653,063,595.70 during that period.

Over Obama's final 981 days the debt increased by $2,475,731,979,931.70, a bit less in nominal terms, but, a bit more in inflation adjusted dollars.

... now the economy is looking worn out and ready to crash...

Trump's has 9 full quarters, averaging 2.7% Obama's final 9 full quarters averaged only 2%, so, Trump's economy is a 1/3rd stronger.

Debt to the Penny (Daily History Search Application)

let us know when you beat +150% on the DOW and 75 straight months of 6 digit employment gains

let us know when you beat +150% on the DOW

Trump's annual increase in the Dow is better than Obama's, so far.

Wrong.

 

[IM2]

According to the so called experts the economy was going to crash the day Trump was sworn in.

No expert said any such thing. In fact, the economy is performing exactly like the experts predicted except they thought the slowdown wouldn’t come until after 2020, but then then didn’t factor in the effect on years of tariffs when they came up with 2020 for the slowdown.

Experts know that it takes a long time for the US economy to speed up or slow down.

Yes they did the idiots let there dislike for Trump color everything they do they did it from the moment he hit 270 electoral votes and have continued to do so this day.

Don't embarrass yourself trying to argue with Dragonlady about the economy. I believe she did 20 years or so working at a bank. You will lose trying to argue with her about the economy.

Tom Nichols talks about those like you in his book, "The Death of Expertise".

“As it turns out, however, the more specific reason that unskilled or incompetent people overestimate their abilities far more than others is because they lack a key skill called “metacognition.” This is the ability to know when you’re not good at something by stepping back, looking at what you’re doing, and then realizing that you’re doing it wrong.”
― Thomas M. Nichols, The Death of Expertise: The Campaign Against Established Knowledge and Why it Matters

“The lack of metacognition sets up a vicious loop, in which people who don’t know much about a subject do not know when they’re in over their head talking with an expert on that subject. An argument ensues, but people who have no idea how to make a logical argument cannot realize when they’re failing to make a logical argument. In short order, the expert is frustrated and the layperson is insulted. Everyone walks away angry. Even”
― Thomas M. Nichols, The Death of Expertise: The Campaign Against Established Knowledge and Why it Matters

 

[Mikeoxenormous]

$22Trn in debt and we raise rates. So F*CKING stupid. Thank you for leading us into the recession.

Want to get rid of the 22 trillion dollar debt?

he War on Poverty has cost $22 trillion -- three times more than what the government has spent on all wars in American history. Federal and state governments spend $1 trillion in taxpayer dollars on America's 80 means-tested welfare programs annually.

The War on Poverty Has Cost $22 Trillion
www.ncpa.org/sub/dpd/index.php?Article_ID=25288

Stop this endless war that the liberals created and after 20 years of no welfare, people will either have a job or be shot for trying to rob other people. And the 1 trillion dollars a year that would of gone to the lazy fuckers, could be put to the debt. That fucking easy....

What happened whrn you inherit the Bush recession, an economy shrinking at a rate over 6%, losing 800,000 jobs a month, two quagmire wars, and a massive unfunded expansion to medicare

You omitted bushs war based on lies that cost how many lives and how much $$$? Did the scum speak up ?? Where was Trump ? Helping out with 9/11?

Those same lies that Clinton, Gore, Kerry all believed. Why do you hate such a progressive Republican like Bush? He is your friend, like Obama

 

[Mikeoxenormous]

According to the so called experts the economy was going to crash the day Trump was sworn in.

No expert said any such thing. In fact, the economy is performing exactly like the experts predicted except they thought the slowdown wouldn’t come until after 2020, but then then didn’t factor in the effect on years of tariffs when they came up with 2020 for the slowdown.

Experts know that it takes a long time for the US economy to speed up or slow down.

Yes they did the idiots let there dislike for Trump color everything they do they did it from the moment he hit 270 electoral votes and have continued to do so this day.

Don't embarrass yourself trying to argue with Dragonlady about the economy. I believe she did 20 years or so working at a bank. You will lose trying to argue with her about the economy.

Tom Nichols talks about those like you in his book, "The Death of Expertise".

“As it turns out, however, the more specific reason that unskilled or incompetent people overestimate their abilities far more than others is because they lack a key skill called “metacognition.” This is the ability to know when you’re not good at something by stepping back, looking at what you’re doing, and then realizing that you’re doing it wrong.”
― Thomas M. Nichols, The Death of Expertise: The Campaign Against Established Knowledge and Why it Matters

“The lack of metacognition sets up a vicious loop, in which people who don’t know much about a subject do not know when they’re in over their head talking with an expert on that subject. An argument ensues, but people who have no idea how to make a logical argument cannot realize when they’re failing to make a logical argument. In short order, the expert is frustrated and the layperson is insulted. Everyone walks away angry. Even”
― Thomas M. Nichols, The Death of Expertise: The Campaign Against Established Knowledge and Why it Matters

20 years or so working at a bank.

That makes her an expert? Bwaaaahhhhaaaaaa….Someone who sits behind a glass giving money out and taking money in isnt an expert on economic policies, she is just a shill for that bank.

 

[edward37]

$22Trn in debt and we raise rates. So F*CKING stupid. Thank you for leading us into the recession.

Want to get rid of the 22 trillion dollar debt?

he War on Poverty has cost $22 trillion -- three times more than what the government has spent on all wars in American history. Federal and state governments spend $1 trillion in taxpayer dollars on America's 80 means-tested welfare programs annually.

The War on Poverty Has Cost $22 Trillion
www.ncpa.org/sub/dpd/index.php?Article_ID=25288

Stop this endless war that the liberals created and after 20 years of no welfare, people will either have a job or be shot for trying to rob other people. And the 1 trillion dollars a year that would of gone to the lazy fuckers, could be put to the debt. That fucking easy....

What happened whrn you inherit the Bush recession, an economy shrinking at a rate over 6%, losing 800,000 jobs a month, two quagmire wars, and a massive unfunded expansion to medicare

You omitted bushs war based on lies that cost how many lives and how much $$$? Did the scum speak up ?? Where was Trump ? Helping out with 9/11?

Those same lies that Clinton, Gore, Kerry all believed. Why do you hate such a progressive Republican like Bush? He is your friend, like Obama

Focus on what the president is doing. Do me a favor? What fn nerve republicans have

 

[Zorro!]

According to the so called experts the economy was going to crash the day Trump was sworn in.

No expert said any such thing. In fact, the economy is performing exactly like the experts predicted except they thought the slowdown wouldn’t come until after 2020, but then then didn’t factor in the effect on years of tariffs when they came up with 2020 for the slowdown.

Experts know that it takes a long time for the US economy to speed up or slow down.

No it's not. The Obama Administration Social Security Trust Fund mid line estimates for unemployment, right now, was 5.5%.

 

[Remodeling Maidiac]

Trump's economic policies were not smart. He borrowed ridiculous amounts of money (Much more than the Obama Stimulus...) 8+ years into an economic expansion, pumped it into the economy, got a little bounce with only a few quarters of good growth, and now the economy is looking worn out and ready to crash.

This is identical to Bush. Bush inherited a budget surplus, gave a big tax cut to the ultra wealthy along with massive spending packages, squandered the surplus, racked up massive deficits, and had a total economic melt down.

Republicans can't take responsibility for any of their failures. Bush's collapse is somehow the 2006 democrats fault. The 2 losing wars, not his fault, etc etc. When Trump's policies collapse this economy we know that the GOP will not man up and take personal responsibility for their policies, they will blame... THE FED.

Here's David Stockman breaking down Trump's economic policies and why they are bad:

Democrat Wallstreet donors are afraid of Warren not Trump.

Hmmmm