You are unemployed and want a new job, under a Democratic president you have a better chance of getting one!

[Toddsterpatriot]

Republicans and Dems were responsible for the 2008 prime mortgage recession. They made everything worse with their invasion of Iraq. Both Republicans and Democrats voted for the war, not speaking of the fact that the repeal of the Glass-Steagall Act in 1999 was a bipartisan effort.

The repeal of Glass-Steagall had little to nothing to do with the mortgage crisis.

 

[Toddsterpatriot]

Obama "inherited" the recession caused by Bush Jr. and turned it around.

How did he "turn it around"?

 

[jc456]

Republicans and Dems were responsible for the 2008 prime mortgage recession. They made everything worse with their invasion of Iraq. Both Republicans and Democrats voted for the war, not speaking of the fact that the repeal of the Glass-Steagall Act in 1999 was a bipartisan effort.

Bill Clinton: Glass-Steagall repeal had nothing to do with financial crisis

Recently, activists have shown up at Hillary Clinton’s campaign events to urge her to bring back Glass-Steagall. What is

www.politifact.com

Is this what caused the most recent financial crisis? There’s plenty of room for debate here, given that there isn’t a single what-caused-the-crisis narrative that every economist accepts. It’s safe to say, though, that there is not a prominent group of economists who argue "but for the 1999 repeal of Glass-Steagall, the crisis would not have happened."

 

[Toddsterpatriot]

How? You certainly made a statement about Reagan and did not provide proof as to how, why should I?

Having said that, you do know that the stock market goes down during recessions, don't you?

Here is the chart of the DOW from 2008-2017. Obama took over on January 2009. See what he did. He almost tripled the value of the DOW.

View attachment 1001657


When Reagan took office, the DOW was at 947 and 4 years later, it was at 1201, meaning that he only generated a 25% increase in price.

You certainly made a statement about Reagan and did not provide proof

You want proof that Reagan inherited inflation from Carter? Or that inflation was ended?

Obama took over on January 2009

The Dow opened at 8279 on the day he took over.

When Reagan took office, the DOW was at 947 and 4 years later, it was at 1201,

Reagan was in office for 8 years, not 4.

 

[Luckyone]

The repeal of Glass-Steagall had little to nothing to do with the mortgage crisis.

Obama signed many landmark bills into law during his first two years in office. The main reforms include: the Affordable Care Act, sometimes referred to as "the ACA" or "Obamacare", the Dodd–Frank Wall Street Reform and Consumer Protection Act, and the Don't Ask, Don't Tell Repeal Act of 2010. The American Recovery and Reinvestment Act and Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act served as economic stimuli amidst the Great Recession. After a lengthy debate over the national debt limit, he signed the Budget Control Act of 2011 and the American Taxpayer Relief Act of 2012.

 

[jc456]

Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act served as economic stimuli amidst the Great Recession.

How did this help banks and what did it have to do with mortgages?

So, you believe that obammy extending the bush tax cuts was the impotence of helping banks?
The years leading up to 2010 were filled with speculation and political debate about whether the Bush tax cuts should be extended,
two-year extension of the Bush tax cuts

And that FICA payroll tax funding of 2% for one year did that as well?

The cut of the FICA payroll tax in the agreement was for one year only at a two percent reduction

Oh, so the only party to actually touch Social Security is demofks with obammy? Hilarious.

 

[Toddsterpatriot]

Obama signed many landmark bills into law during his first two years in office. The main reforms include: the Affordable Care Act, sometimes referred to as "the ACA" or "Obamacare", the Dodd–Frank Wall Street Reform and Consumer Protection Act, and the Don't Ask, Don't Tell Repeal Act of 2010. The American Recovery and Reinvestment Act and Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act served as economic stimuli amidst the Great Recession. After a lengthy debate over the national debt limit, he signed the Budget Control Act of 2011 and the American Taxpayer Relief Act of 2012.

Yes, he passed some bad stuff in his first 2 years. What about it?

 

[Luckyone]

Yes, he passed some bad stuff in his first 2 years. What about it?

No one is perfect. We ALL make mistakes, The sum of what we do is what counts, not any individual thing. You do realize that we are humans and humanity is fallible, don't you?

 

[Toddsterpatriot]

No one is perfect. We ALL make mistakes, The sum of what we do is what counts, not any individual thing. You do realize that we are humans and humanity is fallible, don't you?

Yes, he was fallible. What did he do to "turn around" the recession?

 

[Luckyone]

Yes, he was fallible. What did he do to "turn around" the recession?

all of the things in the previous link I provided.

I have a question for you and every other Trumpers here.

Is this you?

 

[Toddsterpatriot]

all of the things in the previous link I provided.

I have a question for you and every other Trumpers here.

Is this you?

View attachment 1001830

Russia sucks. Putin needs to fall out of an 8th floor window.

Hillary was a moron with her "reset" button.

Obama was worse with his "the 1980s called, they want their foreign policy back" quip.
Not to mention his promise of more flexibility after his re-election.
And don't get me started on Biden with his "minor invasion" idiocy.

all of the things in the previous link I provided.

The things that didn't pass until after the recession ended were the reason the recession ended?
Or did you mean they were the reason his weakest recovery in history was so weak?

 

[beagle9]

Reality IS that Biden is president and he calls the shots. He won the nomination and there was NO WAY that anyone could throw him out without his permission.

I am shocked that a Trump believer that doesn't allow anyone to do anything without his say so, even if he doesn't have the power, has the stupidity to think that Biden having the power, could not exercise it.

that is such an oxymoron as it gets.

Yeah, just like Biden could have exercised his power on the border, but he tried playing politics with it instead. You people are so busted that it's actually sad to watch you knuckleheads continually make fool's out of yourselves.

 

[beagle9]

all of the things in the previous link I provided.

I have a question for you and every other Trumpers here.

Is this you?

View attachment 1001830

Ohhh, here goes the Russia, Russia, Russia bull shite again.. rotflmbo

The famous go too when liberals start failing.

 

[Luckyone]

Ohhh, here goes the Russia, Russia, Russia bull shite again.. rotflmbo

The famous go too when liberals start failing.

отличный пост

 

[Luckyone]

Russia sucks. Putin needs to fall out of an 8th floor window.

Hillary was a moron with her "reset" button.

Obama was worse with his "the 1980s called, they want their foreign policy back" quip.
Not to mention his promise of more flexibility after his re-election.
And don't get me started on Biden with his "minor invasion" idiocy.

all of the things in the previous link I provided.

The things that didn't pass until after the recession ended were the reason the recession ended?
Or did you mean they were the reason his weakest recovery in history was so weak?

Weakest recovery in history? Facts do not support your words

Dow increased by over 250% during Obama. It increased 30% under Reagan and

 

[Toddsterpatriot]

Weakest recovery in history? Facts do not support your words

Dow increased by over 250% during Obama. It increased 30% under Reagan and

View attachment 1001882

Weakest recovery in history? Facts do not support your words


Obama Wins The Gold For Worst Economic Recovery Ever

Obama was victorious in this trial by producing an increase in jobs during the first 36 months of his economic recovery of only 1.72%. This handily beat out Bush 43, who turned in a jobs gain of 2.93% during his recovery, and the team of Bush 41 and Bill Clinton, who delivered 3.64% more jobs during theirs. And, Obama absolutely creamed Ronald Reagan, who produced an increase in total jobs of 8.97% during the first three years of the economic recovery that he oversaw....

Next up was the “real per capita GDP growth” event. Obama won this one decisively.

The total increase in real GDP per capita during the first three years of Obama’s recovery was only 4.34%. This was worse than Bush 43 (5.98%) and the Bush 41 – Clinton team (5.61%). Once again, Ronald Reagan brought up the rear in this important area of economic mismanagement. He produced a stunning 15.36% gain in real per capita GDP during the first three years of his economic recovery.

Obama Wins The Gold For Worst Economic Recovery Ever

If mismanaging an economic recovery were an Olympic event, President Obama would be standing on the middle platform right now, accepting the gold medal.

www.forbes.com

Dow increased by over 250% during Obama.

Ummmm....the Dow opened at 8279 on the day he took over.
A 250% increase would mean it ended at nearly 29000.

You'd better double check your math.

It increased 30% under Reagan and

Not sure what you're claiming here....try again?

 

[Luckyone]

Weakest recovery in history? Facts do not support your words


Obama Wins The Gold For Worst Economic Recovery Ever

Obama was victorious in this trial by producing an increase in jobs during the first 36 months of his economic recovery of only 1.72%. This handily beat out Bush 43, who turned in a jobs gain of 2.93% during his recovery, and the team of Bush 41 and Bill Clinton, who delivered 3.64% more jobs during theirs. And, Obama absolutely creamed Ronald Reagan, who produced an increase in total jobs of 8.97% during the first three years of the economic recovery that he oversaw....

Next up was the “real per capita GDP growth” event. Obama won this one decisively.

The total increase in real GDP per capita during the first three years of Obama’s recovery was only 4.34%. This was worse than Bush 43 (5.98%) and the Bush 41 – Clinton team (5.61%). Once again, Ronald Reagan brought up the rear in this important area of economic mismanagement. He produced a stunning 15.36% gain in real per capita GDP during the first three years of his economic recovery.

Obama Wins The Gold For Worst Economic Recovery Ever

If mismanaging an economic recovery were an Olympic event, President Obama would be standing on the middle platform right now, accepting the gold medal.

www.forbes.com

Dow increased by over 250% during Obama.

Ummmm....the Dow opened at 8279 on the day he took over.
A 250% increase would mean it ended at nearly 29000.

You'd better double check your math.

It increased 30% under Reagan and

Not sure what you're claiming here....try again?

For your eyes. Facts

 

[beagle9]

Yes, he passed some bad stuff in his first 2 years. What about it?

Just like his student Joe Biden the Obama puppet did as well.

 

[beagle9]

отличный пост

Speak English boy...

 

[TruthNotBS]

The repeal of Glass-Steagall had little to nothing to do with the mortgage crisis.

​

The repeal of Glass-Steagall allowed financial institutions to engage in more aggressive and speculative practices, such as securitizing subprime mortgages. This led to the proliferation of mortgage-backed securities (MBS) and collateralized debt obligations (CDOs), instruments that were at the heart of the financial crisis. Investment banks, now integrated with commercial banking activities, had greater access to depositor funds, which they could leverage to take on higher-risk mortgage assets, exacerbating the bubble in the housing market.

The deregulation allowed banks to underwrite and sell risky mortgage products while also holding substantial amounts of these securities on their own books. When the housing bubble burst, the interconnectedness of these large financial institutions meant that the collapse in mortgage values had a cascading effect throughout the financial system. The lack of separation between commercial and investment banking facilitated a situation where the failure of large banks posed a systemic threat to the economy, leading to the need for massive government bailouts.

• ToddsterPatriot argues: That other factors, such as poor lending practices or the role of government-sponsored enterprises (GSEs) like Fannie Mae and Freddie Mac, were more critical.
• Rebuttal: While these factors indeed contributed to the crisis, the repeal of Glass-Steagall allowed for the scale and interconnectedness of the crisis. The ability of banks to engage in risky, speculative activities without a firewall between commercial and investment operations amplified the impact when those risks went bad.