Here is a story that will never be reported widely in US media.

Discussion in 'Latest US & World News' started by cirdellin, Aug 30, 2020.

  1. notme

    notme Well-Known Member

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    There was fat on the bone, when Trump took over. The deficit was going down, remember?
    Donald increased the deficit in an utterly massive way to invest in the pockets of Wallstreet = and it's gone.
     
  2. notme

    notme Well-Known Member

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    Obama took over when GWB crashed and burned it with the subprime mortgage disaster.
    Obama left office with an economy back on his feet, the debt was getting smaller and smaller.
    Donald lowered taxes and created an utter massively debt with a claim it would repay itself.
    It did not, and with no fat on the bone... it's in the biggest mess it ever was.
    Nobody has ever done a worse job than Donald.
     
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  3. Heartburn

    Heartburn Well-Known Member

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    When Democrats quit strangling it the economy will bounce back.
     
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  4. Antiduopolist

    Antiduopolist Well-Known Member

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    The juicing preceded the cuts, and was fine. It was needed, and caused no issues other than increasing arsonous impulses among many Democrats. Ridiculous/irrelevant nonsense.

    Ridiculous/irrelevant nonsense.

    Ditto. Ditto.
     
    Last edited: Aug 31, 2020
  5. Antiduopolist

    Antiduopolist Well-Known Member

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    Complete nonsense.

    To some extent.

    Nonsense.

    Ditto.

    Ditto.
     
  6. Antiduopolist

    Antiduopolist Well-Known Member

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    If.
     
  7. (original)late

    (original)late Well-Known Member

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    Again, you don't treat a disease when you are not sick. It was not needed.

    Pumping money into a healthy economy can cause problems, but they tend to show up later.

    You keep reversing what I say without regard (or perhaps knowledge) of reality. Very young children do that, but you're supposed to outgrow that by the time you reach kindergarten.
     
  8. Antiduopolist

    Antiduopolist Well-Known Member

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    I think it's complicated, but not so very.

    The gap between rich and poor is ever greater, and there are ever more people, and they are ever more poor.

    Enter the two criminal parties.

    One decided to lock the economy down.

    Riots ensued.

    Worse will follow.
     
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  9. FreshAir

    FreshAir Well-Known Member Past Donor

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    Trump needs to be more like Biden and denounce all the violence regardless what party committed it
     
  10. Antiduopolist

    Antiduopolist Well-Known Member

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    Irrelevant/nonsensical. Ditto.

    Ditto.

    Ditto. Ditto.
     
  11. cirdellin

    cirdellin Banned

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    You ca
    in the one I posted you can hear those very words quite clearly
    I haven’t heard Biden specifically condemn the violence coming out of Antifa or BLM.
    Otherwise I do agree with you.
     
  12. dairyair

    dairyair Well-Known Member

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    trump is the leader. Things that happen across the country are a result of his leadership skills.
    Covid is still running high.
    Protests in many States.
    And lockdowns are a result of failed policy at the National level to deal with a nation wide pandemic.

    I understand he says he does't take responsibility. But that doesn't mean people don't hold him responsible.
     
  13. dairyair

    dairyair Well-Known Member

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    Year Nominal GDP (trillions) Real GDP (trillions) GDP Growth Rate Events Affecting GDP

    2000 $10.252 $13.131 4.1% Tech bubble burst
    2001 $10.582 $13.262 1.0% 9/11 attacks
    2002 $10.936 $13.493 1.7% War on Terror
    2003 $11.458 $13.879 2.9% Iraq War, JGTRRA
    2004 $12.214 $14.406 3.8%
    2005 $13.037 $14.913 3.5% Katrina, Bankruptcy Act
    2006 $13.815 $15.338 2.9% Fed raised rates
    2007 $14.452 $15.626 1.9% Bank crisis
    2008 $14.713 $15.605 -0.1% Financial Crisis
    2009 $14.449 $15.209 -2.5% Stimulus Act
    2010 $14.992 $15.599 2.6% ACA, Dodd-Frank
    2011 $15.543 $15.841 1.6% Japan earthquake
    2012 $16.197 $16.197 2.2% Fiscal cliff
    2013 $16.785 $16.495 1.8% Sequestration
    2014 $17.527 $16.912 2.5% QE ends
    2015 $18.238 $17.432 3.1% TPP, Iran deal
    2016 $18.745 $17.731 1.7% Presidential race
    2017 $19.543 $18.144 2.3% Trump Tax Act
    2018 $20.612 $18.688 3.0% Deficit spending
    2019 $21,433 $19,092 2.2% Trade war
    https://www.thebalance.com/us-gdp-by-year-3305543

    Notice when the last recession turned?
    And yr over yr gdp after it ended.
    trump didn't fare any better.
     
  14. (original)late

    (original)late Well-Known Member

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    Ordinarily I'd say thanks for proving my point, but there would be no point.

    Too easy.
     
  15. 557

    557 Well-Known Member

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    It was actually Clinton that orchestrated the subprime mortgage crisis.

    Here are the facts about who was responsible for deregulation.

    The majority of main proponents of that deregulation were Democrats. Bill Clinton signed the legislation and had a working group in support of the deregulation. Arthur Levit, a Democrat and SEC chairman, lobbied for deregulation. As did Clinton’s Treasury Secretary Lawrence Summers, also a Democrat. The Treasury Secretary preceding Summers, Robert Rubin, also lobbied for deregulation. Shockingly, he was also a Democrat. William Rainer, a friend of President Clinton from back in the Arkansas Governor days, was Chairman of the Commodity Futures Trading Commission was also instrumental in deregulation of derivatives. Shockingly, he was also a Democrat. The only Republican involved on the bureaucratic side was Alan Greenspan.

    Granted, Republicans in Congress were complicit and passed the legislation. The house vote was almost unanimous, with only four “nay” votes. Two from each party if I remember right. Such paragons of virtue as Nancy Pelosi, Barbara Lee, Henry Waxman, Steny Hoyer, Barney Frank, Anthony Weiner, Charles Rangle, and Bernie Sanders voted for deregulation. The Commodity Futures Modernization Act passed the Senate on a voice vote so I don’t know how bipartisan it was but generally voice votes are reserved for votes with overwhelming majority support. It was signed into law by Bill Clinton, on the advice of the previously mentioned members of his administration.
     
    Last edited: Aug 31, 2020
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  16. Antiduopolist

    Antiduopolist Well-Known Member

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    Ridiculous nonsense.

    Ditto.
     
  17. ronv

    ronv Well-Known Member

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    But Bush was Pez. when the alarms went off.
     
  18. fullmetaljack

    fullmetaljack Well-Known Member

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    The "White Trump supporter" probably tripped, bit himself and died from the venom.
     
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  19. cirdellin

    cirdellin Banned

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    Wow
     
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  20. Antiduopolist

    Antiduopolist Well-Known Member

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    Can't make it up, right?
     
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  21. cirdellin

    cirdellin Banned

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    I’m stunned!
     
    Last edited: Aug 31, 2020
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  22. cirdellin

    cirdellin Banned

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    I will admit I was wrong.
    This story is definitely getting traction.
    Maybe now someone will deal with this seriously.
    I do feel I need to give credit to the BLM people who tried to render assistance.
    That needs to be said.
     
  23. 557

    557 Well-Known Member

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    Did you want him to violate the constitution and annul law with an executive order? I’m sure you would have loved that.

    The alarm bells went off before Clinton signed it into law. Brookley Born, the Democratic chairman of the Commodity Futures Trading Commission under Clinton opposed the legislation and resigned when it passed congress. She was right. The legislation was a disaster.
     
  24. ronv

    ronv Well-Known Member

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    [​IMG]
     
  25. 557

    557 Well-Known Member

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    Yes, Clinton’s deregulation caused all that. He should have listened to Born.
     

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