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Topic: Trumps New Low Point, Poor Speach to BSA Jamboree< Next Oldest | Next Newest >
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PostIcon Posted on: Aug. 15 2017,4:38 am  Skip to the next post in this topic. Ignore posts   QUOTE


(Self-Banished @ Aug. 09 2017,5:04 am)
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The Dow dropped to what, 6600 or so in 2007? For reasons I've stated elsewhere on this forum, it had nowhere to go but up. Buster ruled incompetently over the slowest recovery in history. Yes Al, the market hates uncertainty thus the cause for the snails like pace over the last 8 years. In the last 8-9 months the market has gained tremendously, nearing 25%, wow! If stroke lady had been elected we'd most likely be cycling through a recession now.

The Dow? Seriously? That thing is a fracking bubble of imaginary currency, being shuffled about in a craps game, by @ssholes rolling loaded dice. F@¢k that. That right there will be the instrument of more fiscal undoing, long before weed-smoking welfare recipients, the villain of the piece you conservative wingnuts would have the rest of us fixate on.

And, by the way, the chaos of '07 came about during the lame duck term of Bush #43, a Republican President. To indicate a belief that this was somehow Obama's fault suggests a real and present disconnect from reality. Trump will preside over the biggest economic collapse since '07, and still you tards will still be saying that it's somehow Obama's fault.  :p


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PostIcon Posted on: Aug. 15 2017,6:25 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

The DOW is how businesses get financed, people invest to hopefully grow there money with the company, it doesn't always work but no one's forcing anybody. Research and smart decisions rule the day.

So I must repeat myself, the recession of 07 was caused by policies put in place by liberal idiots who pretty much forced banks to lend to less than credit worthy borrowers, morons that bought more house than they could afford with little down, that when interest rates dropped and they could refinance to lower their payment or term used their house like a kid with a piggy bank, hammer and total lack of common sense.

The auto makers sold their souls the the devil (unions) years ago by bending over every time there was a threat of a shutdown. These and a few other factors drove a slightly worse than usual recession.

Buster and his pet media suckered the gullible in this country into thinking this was the worst economic set back since FDR unnecessarily lengthened the depression then used that impression to make himself look moderately good when the economy started crawling back which it should have roared back.


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PostIcon Posted on: Aug. 15 2017,8:10 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

^^^Deregulation, derivatives and the housing bubble, the drop in home value, and all the yuppies walking away from their overpriced McMansions.  Mortgage delinquency was everywhere, not just in low-income folks as you suggest.  

In 1999 the Gramm-Leach-Bliley Act repealed Glass-Steagall, this allowed traditional banks invested in risky derivatives, It's deregulation for quick profit, hedge fund trading with derivatives, the increased profit caused a feeding frenzy, Banks moved to subprime interest only loans.. Banks always held the right to decided who got the loans but Third-Party Mortgage Originators forged documents to increase profit, remember all those TV commercials from those crooks ... not to mention American International Group (AIG) part in the mess, the economic collapse was the real deal not bull as you would have US believe..

the whole mess was caused by deregulation and greed of the banksters and left the taxpayer on the hook.

The Republican's are right back at it, Deregulate and rob the rube bills are in the works..  

We need regulation, you can't have the fox guarding the chicken coop.


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PostIcon Posted on: Aug. 15 2017,8:55 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

I trust bankers and politicians about as much as a fart after eating bad Chinese food...
That being said we do need regulation... but smart regulation.


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PostIcon Posted on: Aug. 16 2017,5:12 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE


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^^^Deregulation, derivatives and the housing bubble, the drop in home value, and all the yuppies walking away from their overpriced McMansions.  Mortgage delinquency was everywhere, not just in low-income folks as you suggest.  

In 1999 the Gramm-Leach-Bliley Act repealed Glass-Steagall, this allowed traditional banks invested in risky derivatives, It's deregulation for quick profit, hedge fund trading with derivatives, the increased profit caused a feeding frenzy, Banks moved to subprime interest only loans.. Banks always held the right to decided who got the loans but Third-Party Mortgage Originators forged documents to increase profit, remember all those TV commercials from those crooks ... not to mention American International Group (AIG) part in the mess, the economic collapse was the real deal not bull as you would have US believe..

the whole mess was caused by deregulation and greed of the banksters and left the taxpayer on the hook.

The Republican's are right back at it, Deregulate and rob the rube bills are in the works..  

We need regulation, you can't have the fox guarding the chicken coop.

Of course, more regulation, stupid people need to be saved from their own stupidity. Never mind there were far more idiots that borrowed 110% of the equity in their home when the market reached the top. There were far more of these types than the "McMansion" owners. Nobody held a gun to their heads and said "sign for the loan"

And of course the unions aren't at fault :sarcasm: Decades of politicians wanting nothing more than to be reelected so they capitulated and gave the government union dweebs whatever they wanted, that chicken has yet to roost but it's coming, soon, look at Illinois or California.

Yes, some banks and hucksters are to blame but the majority of the blame goes to the irresponsible, the twits that were brainlessly lured by liberal idealists who convinced them that they were owed.


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PostIcon Posted on: Aug. 16 2017,9:08 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

^^^^You have the right idea on credit debt but you're pointing the finger at the wrong culprit..
Maybe you don't remember because you're not old enough, but in the sixties/seventies you had to prove yourself before credit was extended. Credit cards weren't just handed out in mailed advertisements, home loans required a substantial down-payment. This was all part of New Deal legislation, restrictions on mortgage lending, These restrictions were put in place in the 1930s by political leaders who had just experienced a terrible financial crisis, and were trying to prevent another.

So what happened, Reagan and the era of deregulation, to quote Ronny "Government is the problem, not the solution"...
Deregulation has turn America into a credit based economy doomed to failure..

There’s plenty of blame to go around, But Reagan and his administration hold the most , they forgot the lessons of America’s last great financial crisis,( The Great Depression ) and condemned the rest of us to repeat it.  

Deregulation is the enemy of our society...


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PostIcon Posted on: Aug. 18 2017,4:52 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

^^ don't look at me pal, every house I've ever bought I've put a least 20% down.

Reagan gave the people opportunity, the Nazis gave people who had no business owning a home free reign, Barney Frank ring a bell?


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PostIcon Posted on: Aug. 18 2017,5:04 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

Trump accomplishments

since Trump took office:



Illegal immigration is down 78%

ICE arrests are up nearly 400%

Neil Gorsuch appointed to the Supreme Court maintaining a conservative majority

Dow hits 22,000 for 1st time

Stock market is up nearly "20%" since Trump won the election

Unemployment is down 4 straight months

Over 1 million jobs added to the economy in the last 6 months

Jobless claims are at their lowest level in 28 years

Food stamp use is down 4% (it rose 300% in Obama's Administration)

Toyota and Mazda are building a $1.6 billion dollar plant that will create 4000 jobs

Foxconn is building a $10 billion dollar plant that will create 13,000 jobs

$4 trillion added to market value since President Trump was elected

National debt went down ($108B) for the first time since before Clinton took office

Economic growth each month higher than any month under Obama

Consumer Confidence at a 16 year high

Pulled us out of the Paris Climate Accord (Thank God!)

Massive lift of Government regulations (largest reduction in US history)

Religious Freedoms Executive Bill signed

EPA mandate to lift regulations on coal and energy sectors

Have signed over 40 Republican bills into law

Dakota Access and Keystone Pipeline is back in operation

Stopped Federal funding to abortion groups

The UN funding has gone down dramatically

The bid process to build the wall has begun.

Deporting of criminal illegal aliens up over 400%

Sanctuary cities are being de-funded

A freeze on refugees coming from 6 terror nations

TPP is being dismantled completely

A freeze order on hiring federal employees

A freeze on ALL of Obama's regulations

Dodd-Frank is on the docket to be repealed

New trade agreements with Mexico, China, Canada and South Korea

7 top ISIS leaders killed

Took back Mosul

Cancelling of all of Obama’s illegal executive orders

Executive order to stop Obamacare penalties

The US has increased oil production by 500,000 barrels


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PostIcon Posted on: Aug. 18 2017,7:38 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE


(Self-Banished @ Aug. 18 2017,4:52 am)
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·

Reagan gave the people opportunity, the Nazis gave people who had no business owning a home free reign, Barney Frank ring a bell?

Please explain how the Dodd–Frank Wall Street Reform and Consumer Protection Act signed into law July 21, 2010 had anything to do with the 2007 financial meltdown!

https://en.wikipedia.org/wiki...  

https://en.wikipedia.org/wiki/Subprime_mortgage_crisis

Just when did this fiasco occur and who was in-charge, if you want to blame someone try W and the Republicans/Reaganomics/deregulation... idgit

https://georgewbush-whitehouse.archives.gov/news...15.html


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PostIcon Posted on: Aug. 18 2017,7:52 am Skip to the previous post in this topic.  Ignore posts   QUOTE

SB - provide sources and documentation of your claims above of accomplishments.

Also, please explain how the market, unemployment, etc. has anything to do with Trump.  I posted facts with data to support on similar a few weeks back and you basically blew them off, now you want to use similar to say he is doing great.

most of what he has put into law has come from exertive orders.  you remember, those things he complained about when O did them?  Oh you point out that they were "illegal".  do tell how they are illegal yet trumps are not.  

Thought O took too many vacations.  T has way out done him and he promised us that he would not take vacations because he would be too busy.

you forgot a few other accomplishments:

- historic low approval rating
- non stop lies and trying to change history
- driving a wedge between people in this country like never before
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