Hutch Starskey
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- Mar 24, 2015
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By November 2020 Donald Trump will have increased US debt by $10+ Trillion during his tenure
- Thread starter Denizen
- Start date
Bruce_T_Laney
Platinum Member
- May 27, 2014
- 35,236
- 6,385
Oh please write in great fucking detail what steps he should have taken!
I'm not here to edify you but to ridicule your Trumpian ignorance.
Read it for yourself.
National Pandemic Strategy | Pandemic Influenza (Flu) | CDC
Everything you need to know about the flu illness, including symptoms, treatment and prevention.www.cdc.gov
Awww, you do not want to discuss facts and just blame Trump because CNN and MSNBC told you it was his fault or did your Communist Party tell you what to write?
Fact is the WHO notified the CDC on December 31st 2019 about the possible spread of a virus in China and on January 6th 2020 the CDC offered to send help to China but your beloved Government in China refused the offer.
During January the CDC updated it guidelines daily when the WHO issued new information and do you know who the director of the CDC work for?
Yep, Trump administration...
So in January the CDC issued guidelines and later Trump ordered the hault of Flights from China and the E.U. while those like Bill de Blasio told the people of New York city to go on with their daily lives and to eat in Chinatown during Chinese New Year...
So as you sit there saying more should have been done you have yet told me what he should have done because States have rights and unlike in your Communist Nation a State can defy the Federal Government and there is little Trump can do.
So again in January what more could have been done when Politicians in the Democratic Party were mocking what Trump was doing then?
Dana7360
Diamond Member
- Aug 6, 2014
- 15,147
- 13,596
Trump was running a trillion dollar deficit before the virus hit.Anybody who criticized Obama should get on their knees and beg forgiveness.
By the end of his term, $ 10+ trillion will have disappeared down the Dopey Donald Trump rabbit-hole.
Will that shut Dopey Donald Trump's cakehole? Shit no.
The MAGAnuts are addicted to Dopey Donald Trump's lies and he will find a way to blame others and spin it as a success to rouse his MAGAnut hordes.
The Approaching COVID-19 Debt Crisis: How Excessive Debt Reduces Economic Growth
So much for Republican fiscal conservatism
He's your typical fiscal conservative. Fiscal conservatives have been lying to our nation for decades. They aren't fiscally responsible. They talk like they are but when they are in charge they destroy our economy and nation.
They may say they're economically responsible but they are the most irresponsible with our economy.
reagan took our deficit from 73.8 billion up to 155.2 billion. He took our national debt from 907,755 billion up to 2.6 Trillion. The first time for our national debt to go above 1 trillion dollars. He took us into what was at the time the worst recession since the last republican great depression.
bush the first took the 155.2 billion in deficit up to 290.3 billion. He took our nation debt up to over 4 trillion dollars. He took us into what was at the time the worst recession since the last republican great depression.
Clinton was elected. He took that 155.2 billion DOWN to a balanced budget with 125.6 billion in surplus. He took the over 4 trillion in debt the first bush left up to 5.6 trillion. He added the least to the national debt of any contemporary president. Which he added only 1 trillion to the national debt. He created what was at the time the best economy our nation had in decades.
The bush boy took Clinton's balanced budget with 125.6 billion in surplus and in the first year destroyed it, eliminated the surplus and by the time he was done the deficit was at a new record high of 1.4 trillion dollars. He took our national debt from 5.6 trillion dollars up to just short of 13 trillion dollars. He collapsed the economy and took us to what at the time was the worst economy since the last republican great depression.
Obama took his 1.4 trillion in deficit, slashed it down to 585 billion. He took our national debt from just short of 13 trillion to 19.5 trillion. He created the longest job creation record in the history of the nation and cleaned up the mess the bush boy left.
trump has taken the 585 billion in deficit to over 1 trillion by the beginning of this year. We won't know what the deficit will be until September when the fiscal accounting year cycle is over. He has taken the 19.5 trillion in debt up to 22.7 trillion by the end of the last fiscal year which ended this past September. We won't know his final numbers until he's finished as president. He has collapsed the economy, put us in a recession which will probably become a full blown depression soon.
Our history is filled with republicans destroying our economy with democrats coming behind to clean the mess up.
I will say, trump has exceeded the destruction the 3 republicans before him forced on our nation.
I just did the last 40 years. Anyone can go look through the history of our nation and will find that with a few exceptions, conservatives have been destroying our economy and nation for a very, very long time.
They are the most irresponsible and biggest deadbeats in our nation.
I just have to wonder when Americans will wake up and stop electing conservatives?
Last edited:
SassyIrishLass
Diamond Member
- Mar 31, 2009
- 96,081
- 73,560
Trump was running a trillion dollar deficit before the virus hit.Anybody who criticized Obama should get on their knees and beg forgiveness.
By the end of his term, $ 10+ trillion will have disappeared down the Dopey Donald Trump rabbit-hole.
Will that shut Dopey Donald Trump's cakehole? Shit no.
The MAGAnuts are addicted to Dopey Donald Trump's lies and he will find a way to blame others and spin it as a success to rouse his MAGAnut hordes.
The Approaching COVID-19 Debt Crisis: How Excessive Debt Reduces Economic Growth
So much for Republican fiscal conservatism
He's your typical fiscal conservative. Fiscal conservatives have been lying to our nation for decades. They aren't fiscally responsible. They talk like they are but when they are in charge they destroy our economy and nation.
They may say they're economically responsible but they are the most irresponsible with our economy.
reagan took our deficit from 73.8 billion up to 155.2 billion. He took our national debt from 907,755 billion up to 2.6 Trillion. The first time for our national debt to go above 1 trillion dollars. He took us into what was at the time the worst recession since the last republican great depression.
bush the first took the 155.2 billion in deficit up to 290.3 billion. He took our nation debt up to over 4 trillion dollars. He took us into what was at the time the worst recession since the last republican great depression.
Clinton was elected. He took that 155.2 billion DOWN to a balanced budget with 125.6 billion in surplus. He took the over 4 trillion in debt the first bush left up to 5.6 trillion. He added the least to the national debt of any contemporary president. Which he added only 1 trillion to the national debt. He created what was at the time the best economy our nation had in decades.
The bush boy took Clinton's balanced budget with 125.6 in surplus and in the first year destroyed it, eliminated the surplus and by the time he was done the deficit was at a new record high of 1.4 trillion dollars. He took our national debt from 5.6 trillion dollars up to just short of 13 trillion dollars. He collapsed the economy and took us to what at the time was the worst economy since the last republican great depression.
Obama took his 1.4 trillion in deficit, slashed it down to 585 billion. He took our national debt from just short of 13 trillion to 19.5 trillion. He created the longest job creation record in the history of the nation and cleaned up the mess the bush boy left.
trump has taken the 585 billion in deficit to over 1 trillion by the beginning of this year. We won't know what the deficit will be until September when the fiscal accounting year cycle is over. He has taken the 19.5 trillion in debt up to 22.7 trillion by the end of the last fiscal year which ended this past September. We won't know his final numbers until he's finished as president.
Our history is filled with republicans destroying our economy with democrats coming behind to clean the mess up.
I will say, trump has exceeded the destruction the 3 republicans before him forced on our nation.
I just did the last 40 years. Anyone can go look through the history of our nation and will find that with a few exceptions, conservatives have been destroying our economy and nation for a very, very long time.
They are the most irresponsible and biggest deadbeats in our nation.
I just have to wonder when Americans will wake up and stop electing conservatives?
It only took a virus with a 99 percent survival rate to bring you loons to your knees. But it's not like you weren't already on them....right?
Bruce_T_Laney
Platinum Member
- May 27, 2014
- 35,236
- 6,385
Trump was running a trillion dollar deficit before the virus hit.Anybody who criticized Obama should get on their knees and beg forgiveness.
By the end of his term, $ 10+ trillion will have disappeared down the Dopey Donald Trump rabbit-hole.
Will that shut Dopey Donald Trump's cakehole? Shit no.
The MAGAnuts are addicted to Dopey Donald Trump's lies and he will find a way to blame others and spin it as a success to rouse his MAGAnut hordes.
The Approaching COVID-19 Debt Crisis: How Excessive Debt Reduces Economic Growth
So much for Republican fiscal conservatism
He's your typical fiscal conservative. Fiscal conservatives have been lying to our nation for decades. They aren't fiscally responsible. They talk like they are but when they are in charge they destroy our economy and nation.
They may say they're economically responsible but they are the most irresponsible with our economy.
reagan took our deficit from 73.8 billion up to 155.2 billion. He took our national debt from 907,755 billion up to 2.6 Trillion. The first time for our national debt to go above 1 trillion dollars. He took us into what was at the time the worst recession since the last republican great depression.
bush the first took the 155.2 billion in deficit up to 290.3 billion. He took our nation debt up to over 4 trillion dollars. He took us into what was at the time the worst recession since the last republican great depression.
Clinton was elected. He took that 155.2 billion DOWN to a balanced budget with 125.6 billion in surplus. He took the over 4 trillion the first bush left up to 5.6 trillion. He added the least to the national debt of any contemporary president. Which he added only 1 trillion to the national debt. He created what was at the time the best economy our nation had in decades.
The bush boy took Clinton's balanced budget with 125.6 in surplus and in the first year destroyed it, eliminated the surplus and by the time he was done the deficit was at a new record high of 1.4 trillion dollars. He took our national debt from 5.6 trillion dollars up to just short of 13 trillion dollars. He collapsed the economy and took us to what at the time was the worst economy since the last republican great depression.
Obama took his 1.4 trillion in deficit, slashed it down to 585 billion. He took our national debt from just short of 13 trillion to 19.5 trillion. He created the longest job creation record in the history of the nation and cleaned up the mess the bush boy left.
trump has taken the 585 billion in deficit to over 1 trillion by the beginning of this year. We won't know what the deficit will be until September when the fiscal accounting year cycle is over. He has taken the 19.5 trillion in debt up to 22.7 trillion by the end of the last fiscal year which ended this past September. We won't know his final numbers until he's finished as president.
Our history is filled with republicans destroying our economy with democrats coming behind to clean the mess up.
I will say, trump has exceeded the destruction the 3 republicans before him forced on our nation.
I just did the last 40 years. Anyone can go look through the history of our nation and will find that with a few exceptions, conservatives have been destroying our economy and nation for a very, very long time.
They are the most irresponsible and biggest deadbeats in our nation.
I just have to wonder when Americans will wake up and stop electing conservatives?
Wait a minute if Clinton took the Deficit down then who was running the House at that time?
Oh, the House was GOP held...
Dana7360
Diamond Member
- Aug 6, 2014
- 15,147
- 13,596
No. Ears deserved criticism for his massive deficit spending, just as Donnie does.Anybody who criticized Obama should get on their knees and beg forgiveness.
By the end of his term, $ 10+ trillion will have disappeared down the Dopey Donald Trump rabbit-hole.
Will that shut Dopey Donald Trump's cakehole? Shit no.
The MAGAnuts are addicted to Dopey Donald Trump's lies and he will find a way to blame others and spin it as a success to rouse his MAGAnut hordes.
The Approaching COVID-19 Debt Crisis: How Excessive Debt Reduces Economic Growth
Of course the hypocrisy is clear to see. Lefties say O had too, because of the Great Recession. Now cons will say Don had too, because of the Covid.
All just propaganda.
He had massive deficit spending when he first became president. He had to save us from the bush boy's great recession.
However how could he have massively deficit spent if he slashed the deficit by more than half? When he took office the bush boy left 1.4 trillion in deficit. When Obama left office he left 585 billion in deficit. If he was massively deficit spending there is no way he could have slashed the deficit by more than half.
The truth is he did the opposite of what you claim he did.
rightwinger
Award Winning USMB Paid Messageboard Poster
- Aug 4, 2009
- 285,317
- 158,333
I must correct youTrump was running a trillion dollar deficit before the virus hit.Anybody who criticized Obama should get on their knees and beg forgiveness.
By the end of his term, $ 10+ trillion will have disappeared down the Dopey Donald Trump rabbit-hole.
Will that shut Dopey Donald Trump's cakehole? Shit no.
The MAGAnuts are addicted to Dopey Donald Trump's lies and he will find a way to blame others and spin it as a success to rouse his MAGAnut hordes.
The Approaching COVID-19 Debt Crisis: How Excessive Debt Reduces Economic Growth
So much for Republican fiscal conservatism
He's your typical fiscal conservative. Fiscal conservatives have been lying to our nation for decades. They aren't fiscally responsible. They talk like they are but when they are in charge they destroy our economy and nation.
They may say they're economically responsible but they are the most irresponsible with our economy.
reagan took our deficit from 73.8 billion up to 155.2 billion. He took our national debt from 907,755 billion up to 2.6 Trillion. The first time for our national debt to go above 1 trillion dollars. He took us into what was at the time the worst recession since the last republican great depression.
bush the first took the 155.2 billion in deficit up to 290.3 billion. He took our nation debt up to over 4 trillion dollars. He took us into what was at the time the worst recession since the last republican great depression.
Clinton was elected. He took that 155.2 billion DOWN to a balanced budget with 125.6 billion in surplus. He took the over 4 trillion in debt the first bush left up to 5.6 trillion. He added the least to the national debt of any contemporary president. Which he added only 1 trillion to the national debt. He created what was at the time the best economy our nation had in decades.
The bush boy took Clinton's balanced budget with 125.6 in surplus and in the first year destroyed it, eliminated the surplus and by the time he was done the deficit was at a new record high of 1.4 trillion dollars. He took our national debt from 5.6 trillion dollars up to just short of 13 trillion dollars. He collapsed the economy and took us to what at the time was the worst economy since the last republican great depression.
Obama took his 1.4 trillion in deficit, slashed it down to 585 billion. He took our national debt from just short of 13 trillion to 19.5 trillion. He created the longest job creation record in the history of the nation and cleaned up the mess the bush boy left.
trump has taken the 585 billion in deficit to over 1 trillion by the beginning of this year. We won't know what the deficit will be until September when the fiscal accounting year cycle is over. He has taken the 19.5 trillion in debt up to 22.7 trillion by the end of the last fiscal year which ended this past September. We won't know his final numbers until he's finished as president. He has collapsed the economy, put us in a recession which will probably become a full blown depression soon.
Our history is filled with republicans destroying our economy with democrats coming behind to clean the mess up.
I will say, trump has exceeded the destruction the 3 republicans before him forced on our nation.
I just did the last 40 years. Anyone can go look through the history of our nation and will find that with a few exceptions, conservatives have been destroying our economy and nation for a very, very long time.
They are the most irresponsible and biggest deadbeats in our nation.
I just have to wonder when Americans will wake up and stop electing conservatives?
Conservatives are fiscally conservative when it comes to assisting poor people.
When it comes to slashing taxes on the wealthy and corporations, there are no boundaries
Bruce_T_Laney
Platinum Member
- May 27, 2014
- 35,236
- 6,385
No. Ears deserved criticism for his massive deficit spending, just as Donnie does.Anybody who criticized Obama should get on their knees and beg forgiveness.
By the end of his term, $ 10+ trillion will have disappeared down the Dopey Donald Trump rabbit-hole.
Will that shut Dopey Donald Trump's cakehole? Shit no.
The MAGAnuts are addicted to Dopey Donald Trump's lies and he will find a way to blame others and spin it as a success to rouse his MAGAnut hordes.
The Approaching COVID-19 Debt Crisis: How Excessive Debt Reduces Economic Growth
Of course the hypocrisy is clear to see. Lefties say O had too, because of the Great Recession. Now cons will say Don had too, because of the Covid.
All just propaganda.
He had massive deficit spending when he first became president. He had to save us from the bush boy's great recession.
However how could he have massively deficit spent if he slashed the deficit by more than half? When he took office the bush boy left 1.4 trillion in deficit. When Obama left office he left 585 billion in deficit. If he was massively deficit spending there is no way he could have slashed the deficit by more than half.
The truth is he did the opposite of what you claim he did.
When Obama left office the House and Senate were Republican, so Ryan controlled the purse strings...
edthecynic
Censored for Cynicism
- Oct 20, 2008
- 43,044
- 6,883
Tramp SIGNED all those bills he credited the Republicans with creating, not inviting a single Dem to the signing.WTF does Trump have to do with all the money the Fed and Congress is throwing at the COVID pandemic?
Trump wants to start the economy back up as soon as possible, and the democrats want to print mo money.
You're not on the right side of the issue?!
You should want to print mo money and stay home?!
Tramp and the GOP own every dollar of the Tramp national debt.
Dana7360
Diamond Member
- Aug 6, 2014
- 15,147
- 13,596
False and revisionist history.The brown turd's debt was accrued because Nancy Pelosi and the Demoncraps didnt stop the Fannie Freddie debacle from happening. Because of that, the smelly excrement Oblummer got to spend 1.5 trillion dollars a year, and still had the highest amount in poverty since the war on poverty started. Thanks Oblummer...Simple answer, Obama stifled the US economy with regulations and moving jobs and factories overseas. It was an "unforced error", i.e. "those jobs are not coming back".You mean aside from his failed leadership resulting in far more economic damage than was necessary?WTF does Trump have to do with all the money the Fed and Congress is throwing at the COVID pandemic?
Here's an interesting question. Why is the fiscal and monetary response to COVID on Congress and the Fed when Congress and the Fed's response to the Bush recession was on Obama?
psssssssssst..i know why.
Trump's Debt was due to external circumstances. The strongest economy the world had ever seen was shutdown for 3-months or so.
See the difference? One Debt addition was unforced, and one was externally forced.
Obama's debt was incurred due to an economic collapse that predated his administration, which is an external circumstance.
Trump's massive debt was accrued as a direct result of his policies for tax cuts and then exacerbated by his inability to control the spread of COVID 19.
The dramatic change in the mortgage industry leading into the subprime crisis was the involvement of private mortgage lenders who drove down the requirements for mortgages. Fannie and Freddie had little if anything to do with it.
It was primarily unregulated free market capitalism.
The bush boy changed the laws and regulations for lending. He basically deregulated the industry.
In 2005 he deregulated Fannie Mae. Before 2005 it was illegal for Fannie Mae to buy a sub prime loan. The bush boy changed it so that Fannie Mae started to buy a ton of those bad sub prime loans. That's how Fannie Mae got into trouble. The irresponsible creative accounting and deregulation of conservatives.
edthecynic
Censored for Cynicism
- Oct 20, 2008
- 43,044
- 6,883
But Tramp Nazis only blamed Obama, so Tramp owns every dollar of the Tramp National Debt.Just like when Obama was President it took Pelosi/Boehner/Ryan in the House, Reid/McConnell in the Senate and Obama to waste all that money...
Bruce_T_Laney
Platinum Member
- May 27, 2014
- 35,236
- 6,385
But Tramp Nazis only blamed Obama, so Tramp owns every dollar of the Tramp National Debt.Just like when Obama was President it took Pelosi/Boehner/Ryan in the House, Reid/McConnell in the Senate and Obama to waste all that money...
And you are retarded for calling people Nazis and because you think that shit is reality in your mind!
Vandalshandle
Gold Member
- Jan 30, 2013
- 21,151
- 3,983
Anybody who criticized Obama should get on their knees and beg forgiveness.
By the end of his term, $ 10+ trillion will have disappeared down the Dopey Donald Trump rabbit-hole.
Will that shut Dopey Donald Trump's cakehole? Shit no.
The MAGAnuts are addicted to Dopey Donald Trump's lies and he will find a way to blame others and spin it as a success to rouse his MAGAnut hordes.
The Approaching COVID-19 Debt Crisis: How Excessive Debt Reduces Economic Growth
As predicted, snowflakes are already blaming President Trump for the addition of debt the Democrats controlling the House are Constitutionally Responsible for.
The HOUSE controls the budget
The HOUSE controls the 'purse strings'
The HOUSE controls the spending
D-Nancy Pelosi is Speaker and Leader of the House
Democrats Nancy Pelosi, the Speaker of the House, and Chuck Schumer, the Senate Minority Leader, are vowing to pass the largest deficit-funded expansion of government since Roosevelt...
It was Pelosi and the Democrats who screwed small business owners suffering from the shutdown by delaying relief bills in an attempt to secure funding for Liberal Wish List items, like for abortions, their war on Cow farts, and bailouts for piss-poorly run Democrat state pension plans, etc....
....but IT'S ALL TRUMP'S FAULT.
Bwuhahahahahahahaha
.
So, what you are saying is that when Trump promised to erase the deficit if we elected him, he is not accountable for his failure to do so. In addition, you don't hold him accountable for increasing the deficit more than has ever been done in any previous administration.
Dana7360
Diamond Member
- Aug 6, 2014
- 15,147
- 13,596
We see a lot of ads lately that say "we are all in it together" and "lets pull together"
Where was Trump when he had the chance to mitigate the effects of this virus on the country?
Was he asking us to self isolate as a nation? Close schools? Parks? Businesses?
Or was he holding a MAGA Rally and calling the virus a democrat hoax?
He didn't just hold his stupid rallies and call the virus a democratic hoax.
He went golfing too.
gipper
Diamond Member
- Jan 8, 2011
- 67,251
- 35,824
Lol. You might want to look at the national debt in 2008 and then again in 2016.No. Ears deserved criticism for his massive deficit spending, just as Donnie does.Anybody who criticized Obama should get on their knees and beg forgiveness.
By the end of his term, $ 10+ trillion will have disappeared down the Dopey Donald Trump rabbit-hole.
Will that shut Dopey Donald Trump's cakehole? Shit no.
The MAGAnuts are addicted to Dopey Donald Trump's lies and he will find a way to blame others and spin it as a success to rouse his MAGAnut hordes.
The Approaching COVID-19 Debt Crisis: How Excessive Debt Reduces Economic Growth
Of course the hypocrisy is clear to see. Lefties say O had too, because of the Great Recession. Now cons will say Don had too, because of the Covid.
All just propaganda.
He had massive deficit spending when he first became president. He had to save us from the bush boy's great recession.
However how could he have massively deficit spent if he slashed the deficit by more than half? When he took office the bush boy left 1.4 trillion in deficit. When Obama left office he left 585 billion in deficit. If he was massively deficit spending there is no way he could have slashed the deficit by more than half.
The truth is he did the opposite of what you claim he did.
Partisans. Ugh
CowboyTed
Platinum Member
- Sep 22, 2014
- 16,491
- 7,756
Thanks to China.....and the Democraps who spent millions on never ending investigations into Russian Collusion, Stormy Daniels, Brett Kavanaugh, Ukraine, Cuomo's selling of PPE just before the Wuhan Virus was let out...oops...Demoncraps suckAnybody who criticized Obama should get on their knees and beg forgiveness.
By the end of his term, $ 10+ trillion will have disappeared down the Dopey Donald Trump rabbit-hole.
Will that shut Dopey Donald Trump's cakehole? Shit no.
The MAGAnuts are addicted to Dopey Donald Trump's lies and he will find a way to blame others and spin it as a success to rouse his MAGAnut hordes.
The Approaching COVID-19 Debt Crisis: How Excessive Debt Reduces Economic Growth
Millions??????
The game is played at Trillions....
All hail Trump the Great... There is a belief out there that total devotion to Trump is needed...
They accuse people of TDS when they can't admit Trump made a mess of the COVID response...
They can't accept that..
Dana7360
Diamond Member
- Aug 6, 2014
- 15,147
- 13,596
WTF does Trump have to do with all the money the Fed and Congress is throwing at the COVID pandemic?
Trump wants to start the economy back up as soon as possible, and the democrats want to print mo money.
You're not on the right side of the issue?!
You should want to print mo money and stay home?!The same as any president.WTF does Trump have to do with all the money the Fed and Congress is throwing at the COVID pandemic?
View attachment 333554
He did have the treasury hold up the checks so his name could be put on them.
Then he sent out a letter on White House stationary telling everyone he sent them that money.
No president in the history of our nation has done that.
He took credit for sending all those trillions of dollars out. In the case of the PPP, he did all he could to remove any oversight allowing the money that was supposed too go to small business to go to big business that didn't need the money like the LA Lakers and the University of Texas which caused more trillions to have to be appropriated to get the money to the small businesses that actually needed it.
For a man who conservatives say is not responsible for spending all those trillions, he sure did go overboard to take credit. Just not responsibility for the damage all his actions caused.
Mikeoxenormous
Diamond Member
- May 6, 2015
- 40,766
- 30,129
Fannie Mae and Freddie Mac Bailout DebacleNope!False and revisionist history.The brown turd's debt was accrued because Nancy Pelosi and the Demoncraps didnt stop the Fannie Freddie debacle from happening. Because of that, the smelly excrement Oblummer got to spend 1.5 trillion dollars a year, and still had the highest amount in poverty since the war on poverty started. Thanks Oblummer...Simple answer, Obama stifled the US economy with regulations and moving jobs and factories overseas. It was an "unforced error", i.e. "those jobs are not coming back".You mean aside from his failed leadership resulting in far more economic damage than was necessary?WTF does Trump have to do with all the money the Fed and Congress is throwing at the COVID pandemic?
Here's an interesting question. Why is the fiscal and monetary response to COVID on Congress and the Fed when Congress and the Fed's response to the Bush recession was on Obama?
psssssssssst..i know why.
Trump's Debt was due to external circumstances. The strongest economy the world had ever seen was shutdown for 3-months or so.
See the difference? One Debt addition was unforced, and one was externally forced.
Obama's debt was incurred due to an economic collapse that predated his administration, which is an external circumstance.
Trump's massive debt was accrued as a direct result of his policies for tax cuts and then exacerbated by his inability to control the spread of COVID 19.
The dramatic change in the mortgage industry leading into the subprime crisis was the involvement of private mortgage lenders who drove down the requirements for mortgages. Fannie and Freddie had little if anything to do with it.
It was primarily unregulated free market capitalism.Who all had the backing of Fannie and Freddie, which Barnacle Frank and Chrissy Dodd just adored and wouldnt allow sub primes to be red lined. Dont fucking try to play a game with me, my intellect is 100s higher than your pea brain.involvement of private mortgage lenders
Private mortgage lenders did not have the backing of Fannie and Freddie. They had no need for them. The mortgages were bundled into mortgage backed securities and sold off to investors worldwide by prominent investment firms such as Bear Stearns (ring any bells yet?) who had obscured the risk of those securities.
The reason why most of the US hates the fucking government is because shitfucks like you turn a blind eye. Then when the shit hits the fan you blame anyone but the real problem...which is the fucking government. Another IQ of 30 person trying to debate me...The dominant role Fannie and Freddie play today is no accident. The companies, Wall Street firms, mortgage bankers, real estate agents and Washington lawmakers have built up an unusual and mutually beneficial co-dependency, helped along by robust lobbying efforts and campaign contributions. In Washington, Fannie and Freddie’s sprawling lobbying machine hired family and friends of politicians in their efforts to quickly sideline any regulations that might slow their growth or invite greater oversight of their business practices.
Mikeoxenormous
Diamond Member
- May 6, 2015
- 40,766
- 30,129
Keep it up, you mother fuckers, the constant lying by you worthless liberals, is going to be 4 more years of PTDS...Thanks to China.....and the Democraps who spent millions on never ending investigations into Russian Collusion, Stormy Daniels, Brett Kavanaugh, Ukraine, Cuomo's selling of PPE just before the Wuhan Virus was let out...oops...Demoncraps suckAnybody who criticized Obama should get on their knees and beg forgiveness.
By the end of his term, $ 10+ trillion will have disappeared down the Dopey Donald Trump rabbit-hole.
Will that shut Dopey Donald Trump's cakehole? Shit no.
The MAGAnuts are addicted to Dopey Donald Trump's lies and he will find a way to blame others and spin it as a success to rouse his MAGAnut hordes.
The Approaching COVID-19 Debt Crisis: How Excessive Debt Reduces Economic Growth
Millions??????
The game is played at Trillions....
All hail Trump the Great... There is a belief out there that total devotion to Trump is needed...
They accuse people of TDS when they can't admit Trump made a mess of the COVID response...
They can't accept that..
Mr Natural
Platinum Member
- Aug 23, 2009
- 23,031
- 10,884
That debt could be paid off in no time if republicans were allowed to relieve our precious billionaires of their punitive tax burden.
The money would flow into the government coffers like never before.
The money would flow into the government coffers like never before.
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