Trump's Economy Still Unable to Rise above 3% Growth

I have, repeatedly, in dozens of other threads. I am not the only one. Iremon has done it more than I have, as well as about 10 other posters. All of this bullshit you parrot has been completely refuted. And you know it has.

 

Baseless speculation. The fact remains, REPUBLICANS killed the only bill to pass a house of congress, that would have regulated fanny and freddy.

 

Just making sure everyone else understood that by posting the facts showing who was in charge when housing prices blew up to their stratospheric levels and then started imploding. And it wasn't the Dems. Nothing could have prevented the GR after that.

You think? They sure ****ed up the surplus and the GR.

 

but as you know, history clearly shows republicans **** up the economy, and democrats have to clean it up and get it back on track. Then republicans come back into power, and **** it up all over again.

 

You mean the 2001 recession the Republicans caused, using your logic that whoever controls Congress is responsible for the economy?

Your repeated attempts to imply the 2001 slow down was equivalent to the worst recession in 80 years, along with your baseless, unsupported and silly claims that the GR was the Democrats fault because they took Congress (but not the WH) *after* the housing bubble had already peaked and was crashing is beyond absurd partisanship.

 

The housing bubble and financial crisis were colossal failures of government policy, regulation, oversight, and legislation. Clinton and many others deserve blame but it was big government which Clinton pledged to reduce in size. The financial crisis was a time bomb which went off when events that could never happen did.

 

2001 recession the R’s caused ?? Too funny.

 

And what funds economic demand ?? Your refusal to answer that question shows no understanding of economics.

 

The financial crisis was an landmine. What froze the economy was the government failing to wind down Lehman Brothers.

 

Quote me please.

 

What “passed bill” was that ??

 

What “passed bill” was that ??

 

Exactly.

 

Business and banks trusted government policies, regulations, oversight, and legislation. The financial crisis resulted which was exacerbated by bailing out Bear Stearns and then letting Lehman go under. The housing bubble just that - a bubble like the stock market bubble of 2001. Damage was done but the magnitude of the damage was due to the financial crisis in which that which could not happen did happen.

 

No that is you who claims Presidents or Congress cause recessions. Don't project on me.

It wasn't because the Republicans mostly took the right measures DUH. And stop falsely claiming I have said the Democrats CAUSED the 2008 recession else you will be reported. That is YOU who believes recessions are caused by whomever controls government policy at the time. That your positions are based on partisanship is your problem not mine.

 

ROFL well come down off your pedstal of thinking everyone relies on you to understand anything especially when your post contain some many false premises and facts.

What did the Republican hit, $400B for just one year then the recovery kicked in and we hit record tax revenues and tax revenue increases the quickly bringing it down to just $161B heading to surplus again. How about the Democrats messing the falling deficits, down to just that paltry $161B, by taking them to $1,400B and keeping them over $1,000B for the next three years and they only coming down due to the Republican sequester which you also complain about?

 

So, was it's Obama's economy after the first year or are you just wanting to pluck the few good things out of the economy that are "Obama's" and rest of the bovine fecal matter of his presidency was all on Bush?

 

I don't have all day.

 

It is not the Trump economy any more than it was the Obama one. People assign far more impact to Presidents than they actually have. Most of Trump's policies are too new to have had major impact.

 

I was actually responding to your claim that Obama killed the military. There was two problems with the military. One was sequester and the second that Bush didn't raise taxes to pay for the wars.
And yes I think the growth out of the Bush crash was pretty good.

 

I've already answered it. labor in exchange for currency.

 

https://www.govtrack.us/congress/bills/109/s190

 

No their economic projections and everyone who voted on the bill voted on speculation. The position of the administration and Republicans was that it not only would not have fixed the problems but would have made it worse so why would they vote for or support THAT bill?

Democrats Were Wrong on Fannie Mae and Freddie Mac
The White House called for tighter regulation 17 times.

Seventeen. That's how many times, according to this White House statement (hat tip Gateway Pundit), that the Bush administration has called for tighter regulation of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. Congress has cooperated only once. In spring 2007, as House Financial Services Committee Chairman Barney Frank likes to point out, the House did pass a bill in response. The Senate did not act until 2008; Senate Banking Committee Chairman Christopher Dodd spent most of 2007 camped out in Iowa running for president. The legislation passed by Congress in 2008 enabled Treasury Secretary Henry Paulson to put Fannie and Freddie into federal conservatorship this summer when they failed. But it didn't prevent them from spewing a huge amount of toxic waste, in the form of subprime and Alt-A mortgages, into our financial institutions from 2004 to 2007. As Stephen Spruiell points out in The Corner on National Review Online, Fannie and Freddie spewed out $1 trillion worth (face value) of subprime mortgages between 2005 and 2007. That's a whole lot of toxic waste. For more detail, consult the items referred to in my previous blogpost on this subject (most of the comments seem to have been disputes about the plot line of the movie It's a Wonderful Life, which I should think could be settled by consulting a reference work).

Much if not all of that could have been prevented by a bill cosponsored by John McCain and supported by all the Republicans and opposed by all the Democrats in the Senate Banking Committee in 2005. That bill, which the Democrats stopped from passing, would have prohibited the GSEs from speculating on the mortgage-based securities they packaged. The GSEs' mission allegedly justifying their quasi-governmental status was to package or securitize such mortgages, but the lion's share of their profits—which determined top executives' bonuses—came from speculation.


John McCain has shied away from making this an issue, for reasons my U.S. News colleague Jim Pethokoukis speculates on. This National Republican Congressional Committee Web ad makes the point McCain has been avoiding. Jim Geraghty of the Campaign Spot blog at National Review Online seems exasperated by the McCain campaign's failure to exploit this issue. Excerpts:

Why can't John McCain and Sarah Palin make the points about how the crisis was built illustrated in the "Burning Down the House" (with the revised music) YouTube video? Could McCain please, please bring up some of this in Tuesday's debate?

Don't the American people deserve to know that Democrat Barney Frank, then ranking member and now chairman of the House Financial Services Committee, said, " I want to roll the dice a little bit more in this situation towards subsidized housing"? Isn't the fact that the ranking Democrat in charge of oversight of Fannie Mae was in a sexual relationship with a high-ranking Fannie Mae executive a glaring conflict of interest? Isn't it worth noting that Democratic Rep. Maxine Waters insisted, "we do not have a crisis at Freddie Mac, and in particular at Fannie Mae, under the outstanding leadership of Mr. Frank Raines"? Shouldn't the American people know that Democratic Rep. Gregory Meeks insist that "there's been nothing that was indicated that's wrong with Fannie Mae"?

If nothing else, shouldn't we salute Democratic Rep. Artur Davis for saying, "Like a lot of my Democratic colleagues I was too slow to appreciate the recklessness of Fannie and Freddie. I defended their efforts to encourage affordable homeownership when in retrospect I should have heeded the concerns raised by their regulator in 2004. Frankly, I wish my Democratic colleagues would admit when it comes to Fannie and Freddie, we were wrong."



I talked with Artur Davis in the Speaker's Lobby Friday during the vote on the financial bailout/rescue package. He reiterated what he said here, and he also makes the fair point that Republicans made some mistakes too. As for the reference Geraghty makes to the fact that Barney Frank's partner Herb Moses worked at Fannie Mae, I think we should keep in mind the fact that Frank and Moses broke up in 1998 and that Moses quit working at Fannie Mae at about the same time. As far as I'm concerned, that's ancient history. And while in retrospect it's clear that Frank was wrong about the GSEs in 2003, he did work with the administration and pushed legislation through the House in 2007, so it seemed he was open to learning from experience.

Finally, check out this Fox News Channel-Fox Business News Channel documentary by David Asman.
Michael Barone, Staff Writer
https://www.usnews.com/opinion/blog...rats-were-wrong-on-fannie-mae-and-freddie-mac

 

Baseless speculation. The fact remains, REPUBLICANS killed the only bill to pass a house of congress, that would have regulated fanny and freddy.

 

Already rebutted.