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:
Remember it was Billyboy Clinton who shutdown the government rather than sign the GOP balanced budget.
Democrats get zero credit for a balanced budget
Bush inherited the Clinton Tech Stock bubble stock market crash recession.
It was the Democrats who caused the Great Recession with their mortgage policies that forced banks make loans to low class trash bottom feeder Democrats with bad credit and who could not pay the money back.
Exactly blame everybody else for the problems. Republicans can't take personal responsibility for any of their mistakes.
Bush had a republican Congress and got all his terrible policies passed. Massive spending increases, massive tax cuts that did little to spur growth, and wars that Bush mismanaged and didn't win. Of course you can't take responsibility for any of this.
Why don't you try addressing what David Stockman said in the vid I posted? Oh yeah you can't because you can't take responsibility for anything...
You are an ignorant fucking loser. I will prove your pathetic stupidity you piece of lying shit.
The economy was actually quite strong under GWB until the democrats took control of the House and Senate in 2007. What did the economy do from 2007 to 2010 under democrat control loser? Here, let me be more specific you stupid fucking "banker."
Explain this:
2007
- August: President Bush emphatically calls on Congress to pass a reform package for Fannie Mae and Freddie Mac, saying "first things first when it comes to those two institutions. Congress needs to get them reformed, get them streamlined, get them focused, and then I will consider other options." (President George W. Bush, Press Conference, the White House, 8/9/07)
- August: Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd ignores the President's warnings and calls 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," The New York Times, 8/11/07)
- December: President Bush again warns Congress of the need to pass legislation reforming GSEs, saying "These institutions provide liquidity in the mortgage market that benefits millions of homeowners, and it is vital they operate safely and operate soundly. So I've called on Congress to pass legislation that strengthens independent regulation of the GSEs – and ensures they focus on their important housing mission. The GSE reform bill passed by the House earlier this year is a good start. But the Senate has not acted. And the United States Senate needs to pass this legislation soon." (President George W. Bush, Discusses Housing, the White House, 12/6/07)
- February: Assistant Treasury Secretary David Nason reiterates the urgency of reforms, saying "A new regulatory structure for the housing GSEs is essential if these entities are to continue to perform their public mission successfully." (David Nason, Testimony On Reforming GSE Regulation, Senate Committee On Banking, Housing And Urban Affairs, 2/7/08)
- March: President Bush calls on Congress to take action and "move forward with reforms on Fannie Mae and Freddie Mac. They need to continue to modernize the FHA, as well as allow State housing agencies to issue tax-free bonds to homeowners to refinance their mortgages." (President George W. Bush, Remarks To The Economic Club Of New York, New York, NY, 3/14/08)
- April: President Bush urges Congress to pass the much needed legislation and "modernize Fannie Mae and Freddie Mac. [There are] constructive things Congress can do that will encourage the housing market to correct quickly by … helping people stay in their homes." (President George W. Bush, Meeting With Cabinet, the White House, 4/14/08)
- May: President Bushissues several pleas to Congress to pass legislation reforming Fannie Mae and Freddie Mac before the situation deteriorates further.
- "Americans are concerned about making their mortgage payments and keeping their homes. Yet Congress has failed to pass legislation I have repeatedly requested to modernize the Federal Housing Administration that will help more families stay in their homes, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow state housing agencies to issue tax-free bonds to refinance sub-prime loans." (President George W. Bush, Radio Address, 5/3/08)
- "[T]he government ought to be helping creditworthy people stay in their homes. And one way we can do that – and Congress is making progress on this – is the reform of Fannie Mae and Freddie Mac. That reform will come with a strong, independent regulator." (President George W. Bush, Meeting With The Secretary Of The Treasury, the White House, 5/19/08)
- "Congress needs to pass legislation to modernize the Federal Housing Administration, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance subprime loans." (President George W. Bush, Radio Address, 5/31/08)
- June: As foreclosure rates continued to rise in the first quarter, the President once again asks Congress to take the necessary measures to address this challenge, saying "we need to pass legislation to reform Fannie Mae and Freddie Mac." (President George W. Bush, Remarks At Swearing In Ceremony For Secretary Of Housing And Urban Development, Washington, D.C., 6/6/08)
- July: Congress heeds the President's call for action and passes reform legislation for Fannie Mae and Freddie Mac as it becomes clear that the institutions are failing.
- September: Democrats in Congress forget their previous objections to GSE reforms, as Senator Dodd questions "why weren't we doing more, why did we wait almost a year before there were any significant steps taken to try to deal with this problem? … I have a lot of questions about where was the administration over the last eight years." (Dawn Kopecki, "Fannie Mae, Freddie 'House Of Cards' Prompts Takeover," Bloomberg, 9/9/08)