Trump on Pace to Do What Obama Couldn’t

Personal attack, sawyer, merely underlines your losing the argument. Both the Panic of 1873 and the Great Depression of 1893 occurred before the Federal Reserve, so is simply not applicable.

 

I think alzheimers might be his problem , in the lat 70's i had already finished my military service, finished college and bought my first house, and yes the times were hard but not like the impact of bush the lesser admin ,Obama did rescue the nation

 

The word you're looking for is stupid

 

Explain how Obama saved the nation ?

TARP was signed into law by President G.W. Bush

Are you referring to Obama's $831 BILLION DOLLARS American Recovery and Reinvestment Act of 2009 for shovel ready jobs ?

 

The government's bailout of Fannie and Freddie cost $187.5 billion.

We can only wonder what difference it would have made had the Democrats not fought the reform of Fannie and Freddie.

 

What can you say, it was liberal policies and Democrat members of Congress like Barney Frank and Sen. Barack Obama who were directly responsible for the Great Rescission.

It was Obama as a community organizer and a Alinskite lawyer for ACORN who went to court to get a court ruling that banks must provide home loans to those who didn't qualify for a loan.

Most didn't notice after the court decision is when B of A and Wells Fargo pushed for the excepting the Matriculate Consular card so non citizens and illegal aliens who stood on street corners as day labors and illegal alien toilet cleaners could apply for a home loan to purchase $300-500 K house knowing they would never be able to make the mortgages payments down the road. (Sub Prime Loans)

As far as back as 2006 I had friends who worked for B of A and Wells Fargo who noticed how many Hispanic sure names and minorities in the hood and barrios were defaulting on their sub prime home loans.

It was liberal policies, the liberal "Rehabilitation Act" going back to the Carter administration and Congress and Barack Obama as a community organizer and Senator and Barney *** who were responsible for the Great Recession.

The corrupt banking institutions are equally guilty but not one was prosecuted by Obama's Attorney General, Erick Holder. They were one of the biggest political contributors to the Obama campaign in 2008 and 2012.

 

No.

Now answer my question:

Are you saying the Household Survey is not an IMPORTANT source of data?
Yes or no?

 

LOL...you are quoting Malaysian sources? Okaaaay.

Anyway...

The first two 1/4's of GDP growth in America during 2016 were 2.3% whereas the first two 1/4's of growth during 2017 were only 2.1%?

True or False?

https://tradingeconomics.com/united-states/gdp-growth


Since May, the unemployment rate has gotten worse? True or False?

https://data.bls.gov/timeseries/LNS14000000


Are there 232,0000 LESS Americans employed full time now then in April? True or False?

https://www.bls.gov/news.release/empsit.t09.htm






And I am not answering your questions on this until you answer mine.

 

One part out of a big picture is not important in and of itself when so many other indicators are positive.

 

Trump already hit 3% which is something Obama did only twice in eight years so I'd say the OP is validated. Trump is on track to do what Obama couldn't.

 

Are you going to answer my INCREDIBLY simple questions or not?

 

Wow...all you do is duck questions. I will ask again:

Are you saying the Household Survey is not an IMPORTANT source of data?
Yes or no?

 

I answered it but not in the way you demanded. I don't fall for those tricks. Try someone else.

 

Since when is asking simple straightforward questions a "trick"?

Oh right, when you don't like the answers.

 

Demanding a yes or no answer to a strawman question is a cheap debate trick known to all and only tried by the desperate.
Let's say you and I are debating AGW. I say , has earth ever warmed before industrializatin, yes or no. You say yes I declare victory. See how that works?

 

You asked me above: 'Are you saying the household survey is the only and or single most important economic indicator and all the rest are to be ignored? Yes or no?'
So why is it okay for you to 'demand' me to answer but not okay for me to 'demand' you to answer in the exact same way?


And please tell me exactly how am I trying to 'trick' you with these simple, yes or no/true or false questions?

 

I don't play those games. And since I have never played them, you have no proof that I ever have or will - so your point is nothing but a baseless accusation.

And did you not ask me the very same type of question above? You typed: 'Are you saying the household survey is the only and or single most important economic indicator and all the rest are to be ignored? Yes or no?'
Pretty hypocritical to knock me for something you yourself did, don't you think?

But anyway...

Are you saying the Household Survey is not an IMPORTANT source of data?
Yes or no, please?

 

Declare victory? you fighting a war or something?

 

My yes or no question was to point out the dishonest tactic of your yes or no question before that. Apparently you didn't get the message.

 

More like a game of chess and getting someone to answer a strawman question in your favor leads to you being able to say checkmate. It's a cheap and dishonest debate tactic for people who can't win on the merits of their argument. It comes right before the slander begins.

 

I will ask you yet again...

Are you saying the Household Survey is not an IMPORTANT source of data?
Yes or no, please?

 

Still posting that disingenous internet video you get your worldview from? How hundreds of times have you posted the same thing?

For those interested in truth on the Democrats and Freddie and Fannie, as opposed to the distorted spin of an right wing propaganda internet video, here is the vote of the Democrats on HR 1461, the Federal Housing Finance Reform Act of 2005, which was the *only* bill to regulate F/F to ever be passed (in 2005) by a chamber of the Republican controlled Congress.

Party - Ayes - Nays
Republican 209 15
Democratic 122 74

http://clerk.house.gov/evs/2005/roll547.xml

And here is the the Bush administration's response to this, the only bill to regulate F/F ever passed by either chamber of the Republican controlled Congress:

"the Administration opposes the bill"

http://www.presidency.ucsb.edu/ws/index.php?pid=24851

And here's links to an article about Republican Mike Oxley, of Sarbannes-Oxley fame, then ranking Republican majority member and chair of the House Financial Committee on Financial Services and sponsor of that bill, saying how they "got a one-finger salute” from the Bush White House.


He fumes about the criticism of his House colleagues. “All the handwringing and bedwetting is going on without remembering how the House stepped up on this,” he says. “What did we get from the White House? We got a one-finger salute.”

The House bill, the 2005 Federal Housing Finance Reform Act, would have created a stronger regulator with new powers to increase capital at Fannie and Freddie, to limit their portfolios and to deal with the possibility of receivership.

Mr Oxley reached out to Barney Frank, then the ranking Democrat on the committee and now its chairman, to secure support on the other side of the aisle. But after winning bipartisan support in the House, where the bill passed by 331 to 90 votes, the legislation lacked a champion in the Senate and faced hostility from the Bush administration. Adamant that the only solution to the problems posed by Fannie and Freddie was their privatisation, the White House attacked the bill. Mr Greenspan also weighed in, saying that the House legislation was worse than no bill at all.

https://www.gpo.gov/fdsys/pkg/CREC-2009-04-02/html/CREC-2009-04-02-pt1-PgH4498.htm page HR4500

We can only wonder what difference it would have made had Bush not fought the reform of Fannie and Freddie.

 

Right. The Republicans controlled Congress from 1995, right through the housing bubble. The Republicans controlled the WH and the Administration, during the entire time the housing bubble blew up to its absurd proportions and imploded. The Republicans even controlled a majority on the Supreme Court.

The Democrats, the minority party in Congress from 1995 and out of the White House since 2001, who didn't have the power to pass a law about chewing gum while the housing bubble blew up to its absurd levels and started crashing, are all at fault.

But its the Democrats and a unknown community organizer's fault all those banks and financial institutions and mortgage brokers made all those billions in profits and bonuses churning loans.

I have say, I do admire the level of chutzpah many conservatives exhibit.

 

Feel free to retract your post, the well inform will respect you for having the balls doing so.



The Bush Admin and Senator McCain warned repeatedly about Fanny Mae and Freddy Mac and what thus became the 2008 financial crisis -- starting in 2002 (and actually even earlier -- in the Clinton and Carter White Houses. Democrats resisted and kept to their party line, extending loans to people who couldn't afford them --

 

What a load of crap.

A) I have seen you insult/condescend to people on here yourself - numerous times. So for you to get all bent out of shape about the mere possibility of the same coming back your way is staggeringly hypocritical.

B) I don't play those childish games you speak of...nor do you have a shred of evidence that I do. And even if I did, are you so incredibly weak that you cannot handle them (even though you yourself insult people often on here)?

C) I am here for three reasons - to teach, to learn and to kill time...not to play silly games. You have shown time and again that your knowledge of macroeconomics seems to be much more limited then you are implying. I am merely showing you the error of your ways and trying to educate you (and others you agree with you).


Now please either answer my INCREDIBLY simple questions or stop wasting my time.

Are you saying the Household Survey is not an IMPORTANT source of data?
Yes or no, please?