Krugman opinion: "Yes, he could"

[HelenaHandbag]

Krugman on the fairy tale that is economic stimulus:

If things get better, that is proof that stimulus spending works.

If things do not get better, that is proof that there was not enough spending.

No matter what happens, he is right. Just ask him.

Actually, he criticized the Stimulus the moment he saw the plan, back in 2009.

Nice try.

Precisely, he said it was not enough spending.


.

For progressive apparatchiks, no amount of spending is ever enough.

 

[Statistikhengst]

Krugman on the fairy tale that is economic stimulus:

If things get better, that is proof that stimulus spending works.

If things do not get better, that is proof that there was not enough spending.

No matter what happens, he is right. Just ask him.

Actually, he criticized the Stimulus the moment he saw the plan, back in 2009.

Nice try.

Precisely, he said it was not enough spending.


.

Correct. And he was likely very right about this.

 

[The Rabbi]

Actually, he criticized the Stimulus the moment he saw the plan, back in 2009.

Nice try.

Precisely, he said it was not enough spending.


.

For progressive apparatchiks, no amount of spending is ever enough.

We spent over a trillion dollars on that crap. And got the worst results in history. How would spending 2T make things any better?
Keynesianism is the most failed discredited economic idea since Marxism.

 

[Dad2three]

Krugman has been wrong about every single issue. He is the most wrong economist maybe since Irving Fisher predicted a premanantly high plateau of stock prices in AUg 1929.

Krugman is top prognosticator; Cal Thomas is the worst

A Hamilton College class and their public policy professor analyzed the predicts of 26 pundits — including Sunday morning TV talkers — and used a scale of 1 to 5 to rate their accuracy. After Paul Krugman, the most accurate pundits were Maureen Dowd, former Pennsylvania Governor Ed Rendell, U.S. Senator Chuck Schumer (D-NY), and former House Speaker Nancy Pelosi. “The Bad” list includes Thomas Friedman, Clarence Page, and Bob Herbert.

Press release

Pundits predict no more accurately than a coin toss
Krugman tops, Cal Thomas bottom of accurate predictors, according to study at Hamilton College

Pundit - Executive Summary - Hamilton College

 

[Dad2three]

Precisely, he said it was not enough spending.


.

For progressive apparatchiks, no amount of spending is ever enough.

We spent over a trillion dollars on that crap. And got the worst results in history. How would spending 2T make things any better?
Keynesianism is the most failed discredited economic idea since Marxism.

Weird, years of Bush and his 'job creator' policies and the slowest post WW2 growth on record, stopping BEFORE his recession. LOL

He lost 673,000+ PRIVATE sector jobs in 8 years, took US from surpluses to deficts above $1.2 trillion

Nancy Pelosi says more private sector jobs created in 2010 than in eight years under Bush | PolitiFact

Jan 7, 2009 - The U.S. budget deficit in 2009 is projected to spike to a record $1.2 trillion,

CBO projects record $1.2 trillion deficit - Jan. 7, 2009


WHY did we need a stimulus(which was 40% tax cuts, 20% aid to states) again? Why the recovery?



David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country


A former adviser of Ronald Reagan has some choice words for George W. Bush.

David Stockman, Reagan’s budget director from 1981 to 1985, slammed Bush and his former boss in an op-ed in The New York Times Sunday. Stockman argued in the piece that Reagan’s view on the deficit “created a template for the Republicans’ utter abandonment of the balanced-budget policies of Calvin Coolidge.”

“(Reagan’s deficit policies) allowed George W. Bush to dive into the deep end, bankrupting the nation through two misbegotten and unfinanced wars, a giant expansion of Medicare and a tax-cutting spree for the wealthy that turned K Street lobbyists into the de facto office of national tax policy,” Stockman wrote.


David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country

CBO: Bush Tax Cuts Responsible For Almost A Third Of Deficit In Last 10 Years (2002-2011)


WEIRD CONSERVATIVES DON'T REMEMBER THAT STUFF?


Right-wingers Want To Erase How George Bush's "Homeowner Society" Helped Cause The Economic Collapse



2004 Republican Convention:

Another priority for a new term is to build an ownership society, because ownership brings security and dignity and independence.
...

Thanks to our policies, home ownership in America is at an all- time high.

(APPLAUSE)

Tonight we set a new goal: 7 million more affordable homes in the next 10 years, so more American families will be able to open the door and say, "Welcome to my home."


The "turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007," the President's Working Group on Financial Markets OCT 2008



DUBYA FOUGHT ALL 50 STATE AG'S IN 2003, INVOKING A CIVIL WAR ERA RULE SAYING FEDS RULE ON "PREDATORY" LENDERS!

Dubya was warned by the FBI of an "epidemic" of mortgage fraud in 2004. He gave them less resources. Later in 2004 Dubya allowed the leverage rules to go from 12-1 to 33-1 which flooded the market with cheap money!




Bush drive for home ownership fueled housing bubble


He insisted that Fannie Mae and Freddie Mac meet ambitious new goals for low-income lending.

Concerned that down payments were a barrier, Bush persuaded Congress to spend as much as $200 million a year to help first-time buyers with down payments and closing costs.

And he pushed to allow first-time buyers to qualify for government insured mortgages with no money down

 

[Statistikhengst]

For progressive apparatchiks, no amount of spending is ever enough.

We spent over a trillion dollars on that crap. And got the worst results in history. How would spending 2T make things any better?
Keynesianism is the most failed discredited economic idea since Marxism.

Weird, years of Bush and his 'job creator' policies and the slowest post WW2 growth on record, stopping BEFORE his recession. LOL

He lost 673,000+ PRIVATE sector jobs in 8 years, took US from surpluses to deficts above $1.2 trillion

Nancy Pelosi says more private sector jobs created in 2010 than in eight years under Bush | PolitiFact

Jan 7, 2009 - The U.S. budget deficit in 2009 is projected to spike to a record $1.2 trillion,

CBO projects record $1.2 trillion deficit - Jan. 7, 2009


WHY did we need a stimulus(which was 40% tax cuts, 20% aid to states) again? Why the recovery?



David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country


A former adviser of Ronald Reagan has some choice words for George W. Bush.

David Stockman, Reagan’s budget director from 1981 to 1985, slammed Bush and his former boss in an op-ed in The New York Times Sunday. Stockman argued in the piece that Reagan’s view on the deficit “created a template for the Republicans’ utter abandonment of the balanced-budget policies of Calvin Coolidge.”

“(Reagan’s deficit policies) allowed George W. Bush to dive into the deep end, bankrupting the nation through two misbegotten and unfinanced wars, a giant expansion of Medicare and a tax-cutting spree for the wealthy that turned K Street lobbyists into the de facto office of national tax policy,” Stockman wrote.


David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country

CBO: Bush Tax Cuts Responsible For Almost A Third Of Deficit In Last 10 Years (2002-2011)


WEIRD CONSERVATIVES DON'T REMEMBER THAT STUFF?


Right-wingers Want To Erase How George Bush's "Homeowner Society" Helped Cause The Economic Collapse



2004 Republican Convention:

Another priority for a new term is to build an ownership society, because ownership brings security and dignity and independence.
...

Thanks to our policies, home ownership in America is at an all- time high.

(APPLAUSE)

Tonight we set a new goal: 7 million more affordable homes in the next 10 years, so more American families will be able to open the door and say, "Welcome to my home."


The "turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007," the President's Working Group on Financial Markets OCT 2008



DUBYA FOUGHT ALL 50 STATE AG'S IN 2003, INVOKING A CIVIL WAR ERA RULE SAYING FEDS RULE ON "PREDATORY" LENDERS!

Dubya was warned by the FBI of an "epidemic" of mortgage fraud in 2004. He gave them less resources. Later in 2004 Dubya allowed the leverage rules to go from 12-1 to 33-1 which flooded the market with cheap money!




Bush drive for home ownership fueled housing bubble


He insisted that Fannie Mae and Freddie Mac meet ambitious new goals for low-income lending.

Concerned that down payments were a barrier, Bush persuaded Congress to spend as much as $200 million a year to help first-time buyers with down payments and closing costs.

And he pushed to allow first-time buyers to qualify for government insured mortgages with no money down

 

[The Rabbi]

For progressive apparatchiks, no amount of spending is ever enough.

We spent over a trillion dollars on that crap. And got the worst results in history. How would spending 2T make things any better?
Keynesianism is the most failed discredited economic idea since Marxism.

Weird, years of Bush and his 'job creator' policies and the slowest post WW2 growth on record, stopping BEFORE his recession. LOL

He lost 673,000+ PRIVATE sector jobs in 8 years, took US from surpluses to deficts above $1.2 trillion

Nancy Pelosi says more private sector jobs created in 2010 than in eight years under Bush | PolitiFact

Jan 7, 2009 - The U.S. budget deficit in 2009 is projected to spike to a record $1.2 trillion,

CBO projects record $1.2 trillion deficit - Jan. 7, 2009


WHY did we need a stimulus(which was 40% tax cuts, 20% aid to states) again? Why the recovery?



David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country


A former adviser of Ronald Reagan has some choice words for George W. Bush.

David Stockman, Reagan’s budget director from 1981 to 1985, slammed Bush and his former boss in an op-ed in The New York Times Sunday. Stockman argued in the piece that Reagan’s view on the deficit “created a template for the Republicans’ utter abandonment of the balanced-budget policies of Calvin Coolidge.”

“(Reagan’s deficit policies) allowed George W. Bush to dive into the deep end, bankrupting the nation through two misbegotten and unfinanced wars, a giant expansion of Medicare and a tax-cutting spree for the wealthy that turned K Street lobbyists into the de facto office of national tax policy,” Stockman wrote.


David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country

CBO: Bush Tax Cuts Responsible For Almost A Third Of Deficit In Last 10 Years (2002-2011)


WEIRD CONSERVATIVES DON'T REMEMBER THAT STUFF?


Right-wingers Want To Erase How George Bush's "Homeowner Society" Helped Cause The Economic Collapse



2004 Republican Convention:

Another priority for a new term is to build an ownership society, because ownership brings security and dignity and independence.
...

Thanks to our policies, home ownership in America is at an all- time high.

(APPLAUSE)

Tonight we set a new goal: 7 million more affordable homes in the next 10 years, so more American families will be able to open the door and say, "Welcome to my home."


The "turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007," the President's Working Group on Financial Markets OCT 2008



DUBYA FOUGHT ALL 50 STATE AG'S IN 2003, INVOKING A CIVIL WAR ERA RULE SAYING FEDS RULE ON "PREDATORY" LENDERS!

Dubya was warned by the FBI of an "epidemic" of mortgage fraud in 2004. He gave them less resources. Later in 2004 Dubya allowed the leverage rules to go from 12-1 to 33-1 which flooded the market with cheap money!




Bush drive for home ownership fueled housing bubble


He insisted that Fannie Mae and Freddie Mac meet ambitious new goals for low-income lending.

Concerned that down payments were a barrier, Bush persuaded Congress to spend as much as $200 million a year to help first-time buyers with down payments and closing costs.

And he pushed to allow first-time buyers to qualify for government insured mortgages with no money down

Ya know, it's misleading crap like that that makes lefties the laughing stock of this board.
The UE rate under Bush at his worst day was better than the entire first term of Obama's presidency. Take out the last year and Bush's economy looked pretty good.
ANd that's just one craptastic lie you've told. The rest of the post similarly.
Obama has delivered the worst recovery post war in history. That is simply fact.

 

[Statistikhengst]

We spent over a trillion dollars on that crap. And got the worst results in history. How would spending 2T make things any better?
Keynesianism is the most failed discredited economic idea since Marxism.

Weird, years of Bush and his 'job creator' policies and the slowest post WW2 growth on record, stopping BEFORE his recession. LOL

He lost 673,000+ PRIVATE sector jobs in 8 years, took US from surpluses to deficts above $1.2 trillion

Nancy Pelosi says more private sector jobs created in 2010 than in eight years under Bush | PolitiFact

Jan 7, 2009 - The U.S. budget deficit in 2009 is projected to spike to a record $1.2 trillion,

CBO projects record $1.2 trillion deficit - Jan. 7, 2009


WHY did we need a stimulus(which was 40% tax cuts, 20% aid to states) again? Why the recovery?



David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country


A former adviser of Ronald Reagan has some choice words for George W. Bush.

David Stockman, Reagan’s budget director from 1981 to 1985, slammed Bush and his former boss in an op-ed in The New York Times Sunday. Stockman argued in the piece that Reagan’s view on the deficit “created a template for the Republicans’ utter abandonment of the balanced-budget policies of Calvin Coolidge.”

“(Reagan’s deficit policies) allowed George W. Bush to dive into the deep end, bankrupting the nation through two misbegotten and unfinanced wars, a giant expansion of Medicare and a tax-cutting spree for the wealthy that turned K Street lobbyists into the de facto office of national tax policy,” Stockman wrote.


David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country

CBO: Bush Tax Cuts Responsible For Almost A Third Of Deficit In Last 10 Years (2002-2011)


WEIRD CONSERVATIVES DON'T REMEMBER THAT STUFF?


Right-wingers Want To Erase How George Bush's "Homeowner Society" Helped Cause The Economic Collapse



2004 Republican Convention:

Another priority for a new term is to build an ownership society, because ownership brings security and dignity and independence.
...

Thanks to our policies, home ownership in America is at an all- time high.

(APPLAUSE)

Tonight we set a new goal: 7 million more affordable homes in the next 10 years, so more American families will be able to open the door and say, "Welcome to my home."


The "turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007," the President's Working Group on Financial Markets OCT 2008



DUBYA FOUGHT ALL 50 STATE AG'S IN 2003, INVOKING A CIVIL WAR ERA RULE SAYING FEDS RULE ON "PREDATORY" LENDERS!

Dubya was warned by the FBI of an "epidemic" of mortgage fraud in 2004. He gave them less resources. Later in 2004 Dubya allowed the leverage rules to go from 12-1 to 33-1 which flooded the market with cheap money!




Bush drive for home ownership fueled housing bubble


He insisted that Fannie Mae and Freddie Mac meet ambitious new goals for low-income lending.

Concerned that down payments were a barrier, Bush persuaded Congress to spend as much as $200 million a year to help first-time buyers with down payments and closing costs.

And he pushed to allow first-time buyers to qualify for government insured mortgages with no money down

Ya know, it's misleading crap like that that makes lefties the laughing stock of this board.
The UE rate under Bush at his worst day was better than the entire first term of Obama's presidency. Take out the last year and Bush's economy looked pretty good.
ANd that's just one craptastic lie you've told. The rest of the post similarly.
Obama has delivered the worst recovery post war in history. That is simply fact.

Carry on, fake Rabbi, carry on. It's all good in the hood.

 

[The Rabbi]

[

Ya know, it's misleading crap like that that makes lefties the laughing stock of this board.
The UE rate under Bush at his worst day was better than the entire first term of Obama's presidency. Take out the last year and Bush's economy looked pretty good.
ANd that's just one craptastic lie you've told. The rest of the post similarly.
Obama has delivered the worst recovery post war in history. That is simply fact.

Carry on, fake Rabbi, carry on. It's all good in the hood.

Translation: You're right and I know it but cannot refute what you write because I am an ignorant goyisher poseur.

 

[Statistikhengst]

[

Ya know, it's misleading crap like that that makes lefties the laughing stock of this board.
The UE rate under Bush at his worst day was better than the entire first term of Obama's presidency. Take out the last year and Bush's economy looked pretty good.
ANd that's just one craptastic lie you've told. The rest of the post similarly.
Obama has delivered the worst recovery post war in history. That is simply fact.

Carry on, fake Rabbi, carry on. It's all good in the hood.

Translation: You're right and I know it but cannot refute what you write because I am an ignorant goyisher poseur.

Translation: fake Rabbi is desperate.

Carry on.

 

[Peach]

Krugman has been wrong about every single issue. He is the most wrong economist maybe since Irving Fisher predicted a premanantly high plateau of stock prices in AUg 1929.

Krugman is top prognosticator; Cal Thomas is the worst

A Hamilton College class and their public policy professor analyzed the predicts of 26 pundits — including Sunday morning TV talkers — and used a scale of 1 to 5 to rate their accuracy. After Paul Krugman, the most accurate pundits were Maureen Dowd, former Pennsylvania Governor Ed Rendell, U.S. Senator Chuck Schumer (D-NY), and former House Speaker Nancy Pelosi. “The Bad” list includes Thomas Friedman, Clarence Page, and Bob Herbert.

Press release

Pundits predict no more accurately than a coin toss
Krugman tops, Cal Thomas bottom of accurate predictors, according to study at Hamilton College

Pundit - Executive Summary - Hamilton College

I like Friedman in any event, but the list is interesting, thank you.

 

[Zander]

Reality check.

Obama is at 36% approval. His party is going to lose the Senate in a few weeks.

Bottom line - Mr Obama's presidency is over. His "legacy" can be summed up in one word "incompetence".

 

[The Rabbi]

Reality check.

Obama is at 36% approval. His party is going to lose the Senate in a few weeks.

Bottom line - Mr Obama's presidency is over. His "legacy" can be summed up in one word "incompetence".

I disagree. I think "Failure" better covers it. Failure to deliver on the promises he made as candidate. Failure to make America a better place. Failure to formulate a foreign policy that works, failure to persuade others to his views.
His is the most failed presidency ever.

 

[blackhawk]

Krugman is and has been a unwavering supporter of Obama and his policies from the start so his taking this position is no shock it's the same as having Sean Hannity or Rush Limbaugh write about Ted Cruz those would be much like this by Krugman more of a fan letter than anything else.

 

[Dad2three]

We spent over a trillion dollars on that crap. And got the worst results in history. How would spending 2T make things any better?
Keynesianism is the most failed discredited economic idea since Marxism.

Weird, years of Bush and his 'job creator' policies and the slowest post WW2 growth on record, stopping BEFORE his recession. LOL

He lost 673,000+ PRIVATE sector jobs in 8 years, took US from surpluses to deficts above $1.2 trillion

Nancy Pelosi says more private sector jobs created in 2010 than in eight years under Bush | PolitiFact

Jan 7, 2009 - The U.S. budget deficit in 2009 is projected to spike to a record $1.2 trillion,

CBO projects record $1.2 trillion deficit - Jan. 7, 2009


WHY did we need a stimulus(which was 40% tax cuts, 20% aid to states) again? Why the recovery?



David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country


A former adviser of Ronald Reagan has some choice words for George W. Bush.

David Stockman, Reagan’s budget director from 1981 to 1985, slammed Bush and his former boss in an op-ed in The New York Times Sunday. Stockman argued in the piece that Reagan’s view on the deficit “created a template for the Republicans’ utter abandonment of the balanced-budget policies of Calvin Coolidge.”

“(Reagan’s deficit policies) allowed George W. Bush to dive into the deep end, bankrupting the nation through two misbegotten and unfinanced wars, a giant expansion of Medicare and a tax-cutting spree for the wealthy that turned K Street lobbyists into the de facto office of national tax policy,” Stockman wrote.


David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country

CBO: Bush Tax Cuts Responsible For Almost A Third Of Deficit In Last 10 Years (2002-2011)


WEIRD CONSERVATIVES DON'T REMEMBER THAT STUFF?


Right-wingers Want To Erase How George Bush's "Homeowner Society" Helped Cause The Economic Collapse



2004 Republican Convention:

Another priority for a new term is to build an ownership society, because ownership brings security and dignity and independence.
...

Thanks to our policies, home ownership in America is at an all- time high.

(APPLAUSE)

Tonight we set a new goal: 7 million more affordable homes in the next 10 years, so more American families will be able to open the door and say, "Welcome to my home."


The "turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007," the President's Working Group on Financial Markets OCT 2008



DUBYA FOUGHT ALL 50 STATE AG'S IN 2003, INVOKING A CIVIL WAR ERA RULE SAYING FEDS RULE ON "PREDATORY" LENDERS!

Dubya was warned by the FBI of an "epidemic" of mortgage fraud in 2004. He gave them less resources. Later in 2004 Dubya allowed the leverage rules to go from 12-1 to 33-1 which flooded the market with cheap money!




Bush drive for home ownership fueled housing bubble


He insisted that Fannie Mae and Freddie Mac meet ambitious new goals for low-income lending.

Concerned that down payments were a barrier, Bush persuaded Congress to spend as much as $200 million a year to help first-time buyers with down payments and closing costs.

And he pushed to allow first-time buyers to qualify for government insured mortgages with no money down

Ya know, it's misleading crap like that that makes lefties the laughing stock of this board.
The UE rate under Bush at his worst day was better than the entire first term of Obama's presidency. Take out the last year and Bush's economy looked pretty good.
ANd that's just one craptastic lie you've told. The rest of the post similarly.
Obama has delivered the worst recovery post war in history. That is simply fact.

Got it, You'll go for the false economy Bush put up as 'p[roof' of his 'good economy'. Weird, even stopping pre recession,weakest period post WW 2? LOL




WORST RECOVERY? OH RIGHT, FROM THE BUSH/GOP GREAT RECESSION

 

[Peach]

Weird, years of Bush and his 'job creator' policies and the slowest post WW2 growth on record, stopping BEFORE his recession. LOL

He lost 673,000+ PRIVATE sector jobs in 8 years, took US from surpluses to deficts above $1.2 trillion

Nancy Pelosi says more private sector jobs created in 2010 than in eight years under Bush | PolitiFact

Jan 7, 2009 - The U.S. budget deficit in 2009 is projected to spike to a record $1.2 trillion,

CBO projects record $1.2 trillion deficit - Jan. 7, 2009


WHY did we need a stimulus(which was 40% tax cuts, 20% aid to states) again? Why the recovery?



David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country


A former adviser of Ronald Reagan has some choice words for George W. Bush.

David Stockman, Reagan’s budget director from 1981 to 1985, slammed Bush and his former boss in an op-ed in The New York Times Sunday. Stockman argued in the piece that Reagan’s view on the deficit “created a template for the Republicans’ utter abandonment of the balanced-budget policies of Calvin Coolidge.”

“(Reagan’s deficit policies) allowed George W. Bush to dive into the deep end, bankrupting the nation through two misbegotten and unfinanced wars, a giant expansion of Medicare and a tax-cutting spree for the wealthy that turned K Street lobbyists into the de facto office of national tax policy,” Stockman wrote.


David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country

CBO: Bush Tax Cuts Responsible For Almost A Third Of Deficit In Last 10 Years (2002-2011)


WEIRD CONSERVATIVES DON'T REMEMBER THAT STUFF?


Right-wingers Want To Erase How George Bush's "Homeowner Society" Helped Cause The Economic Collapse



2004 Republican Convention:

Another priority for a new term is to build an ownership society, because ownership brings security and dignity and independence.
...

Thanks to our policies, home ownership in America is at an all- time high.

(APPLAUSE)

Tonight we set a new goal: 7 million more affordable homes in the next 10 years, so more American families will be able to open the door and say, "Welcome to my home."


The "turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007," the President's Working Group on Financial Markets OCT 2008



DUBYA FOUGHT ALL 50 STATE AG'S IN 2003, INVOKING A CIVIL WAR ERA RULE SAYING FEDS RULE ON "PREDATORY" LENDERS!

Dubya was warned by the FBI of an "epidemic" of mortgage fraud in 2004. He gave them less resources. Later in 2004 Dubya allowed the leverage rules to go from 12-1 to 33-1 which flooded the market with cheap money!




Bush drive for home ownership fueled housing bubble


He insisted that Fannie Mae and Freddie Mac meet ambitious new goals for low-income lending.

Concerned that down payments were a barrier, Bush persuaded Congress to spend as much as $200 million a year to help first-time buyers with down payments and closing costs.

And he pushed to allow first-time buyers to qualify for government insured mortgages with no money down

Ya know, it's misleading crap like that that makes lefties the laughing stock of this board.
The UE rate under Bush at his worst day was better than the entire first term of Obama's presidency. Take out the last year and Bush's economy looked pretty good.
ANd that's just one craptastic lie you've told. The rest of the post similarly.
Obama has delivered the worst recovery post war in history. That is simply fact.

Got it, You'll go for the false economy Bush put up as 'p[roof' of his 'good economy'. Weird, even stopping pre recession,weakest period post WW 2? LOL




WORST RECOVERY? OH RIGHT, FROM THE BUSH/GOP GREAT RECESSION

Its tough to have war & recession, but somehow Bush II managed.

 

[Dad2three]

[

Ya know, it's misleading crap like that that makes lefties the laughing stock of this board.
The UE rate under Bush at his worst day was better than the entire first term of Obama's presidency. Take out the last year and Bush's economy looked pretty good.
ANd that's just one craptastic lie you've told. The rest of the post similarly.
Obama has delivered the worst recovery post war in history. That is simply fact.

Carry on, fake Rabbi, carry on. It's all good in the hood.

Translation: You're right and I know it but cannot refute what you write because I am an ignorant goyisher poseur.

Reality check.

Obama is at 36% approval. His party is going to lose the Senate in a few weeks.

Bottom line - Mr Obama's presidency is over. His "legacy" can be summed up in one word "incompetence".

Really? Is Obama running again? Isn't he the only guy since Ike in '56 to win with 51%+ of the vote, TWICE? How's that Romney guy doing you guys predicted in 2012?

lol

How's he compare to Reagan with his historically low polls post Iran/Contra, pre the HUNDREDS of millions spent to create the MYTH of Reagan?

The Whitewashing of Ronald Reagan


A Gallup poll taken in 1992 found that Ronald Reagan was the most unpopular living president apart from Nixon, and ranked even below Jimmy Carter; just 46 percent of Americans had a favorable view of Reagan while Carter was viewed favorably by 63 percent of Americans.

Vox Verax: The Whitewashing of Ronald Reagan

 

[Dad2three]

Ya know, it's misleading crap like that that makes lefties the laughing stock of this board.
The UE rate under Bush at his worst day was better than the entire first term of Obama's presidency. Take out the last year and Bush's economy looked pretty good.
ANd that's just one craptastic lie you've told. The rest of the post similarly.
Obama has delivered the worst recovery post war in history. That is simply fact.

Got it, You'll go for the false economy Bush put up as 'p[roof' of his 'good economy'. Weird, even stopping pre recession,weakest period post WW 2? LOL




WORST RECOVERY? OH RIGHT, FROM THE BUSH/GOP GREAT RECESSION

Its tough to have war & recession, but somehow Bush II managed.

Yes, managed to get US into two of BOTH, UNFUNDED of course, one on false premises

 

[The Rabbi]

Weird, years of Bush and his 'job creator' policies and the slowest post WW2 growth on record, stopping BEFORE his recession. LOL

He lost 673,000+ PRIVATE sector jobs in 8 years, took US from surpluses to deficts above $1.2 trillion

Nancy Pelosi says more private sector jobs created in 2010 than in eight years under Bush | PolitiFact

Jan 7, 2009 - The U.S. budget deficit in 2009 is projected to spike to a record $1.2 trillion,

CBO projects record $1.2 trillion deficit - Jan. 7, 2009


WHY did we need a stimulus(which was 40% tax cuts, 20% aid to states) again? Why the recovery?



David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country


A former adviser of Ronald Reagan has some choice words for George W. Bush.

David Stockman, Reagan’s budget director from 1981 to 1985, slammed Bush and his former boss in an op-ed in The New York Times Sunday. Stockman argued in the piece that Reagan’s view on the deficit “created a template for the Republicans’ utter abandonment of the balanced-budget policies of Calvin Coolidge.”

“(Reagan’s deficit policies) allowed George W. Bush to dive into the deep end, bankrupting the nation through two misbegotten and unfinanced wars, a giant expansion of Medicare and a tax-cutting spree for the wealthy that turned K Street lobbyists into the de facto office of national tax policy,” Stockman wrote.


David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country

CBO: Bush Tax Cuts Responsible For Almost A Third Of Deficit In Last 10 Years (2002-2011)


WEIRD CONSERVATIVES DON'T REMEMBER THAT STUFF?


Right-wingers Want To Erase How George Bush's "Homeowner Society" Helped Cause The Economic Collapse



2004 Republican Convention:

Another priority for a new term is to build an ownership society, because ownership brings security and dignity and independence.
...

Thanks to our policies, home ownership in America is at an all- time high.

(APPLAUSE)

Tonight we set a new goal: 7 million more affordable homes in the next 10 years, so more American families will be able to open the door and say, "Welcome to my home."


The "turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007," the President's Working Group on Financial Markets OCT 2008



DUBYA FOUGHT ALL 50 STATE AG'S IN 2003, INVOKING A CIVIL WAR ERA RULE SAYING FEDS RULE ON "PREDATORY" LENDERS!

Dubya was warned by the FBI of an "epidemic" of mortgage fraud in 2004. He gave them less resources. Later in 2004 Dubya allowed the leverage rules to go from 12-1 to 33-1 which flooded the market with cheap money!




Bush drive for home ownership fueled housing bubble


He insisted that Fannie Mae and Freddie Mac meet ambitious new goals for low-income lending.

Concerned that down payments were a barrier, Bush persuaded Congress to spend as much as $200 million a year to help first-time buyers with down payments and closing costs.

And he pushed to allow first-time buyers to qualify for government insured mortgages with no money down

Ya know, it's misleading crap like that that makes lefties the laughing stock of this board.
The UE rate under Bush at his worst day was better than the entire first term of Obama's presidency. Take out the last year and Bush's economy looked pretty good.
ANd that's just one craptastic lie you've told. The rest of the post similarly.
Obama has delivered the worst recovery post war in history. That is simply fact.

Got it, You'll go for the false economy Bush put up as 'p[roof' of his 'good economy'. Weird, even stopping pre recession,weakest period post WW 2? LOL




WORST RECOVERY? OH RIGHT, FROM THE BUSH/GOP GREAT RECESSION

Actually it was the Bush recession and the Obama Depression. Just like FDR, Obama inherited a bad situation and immediately went about making it 10 times worse.
WHich one had the lower average unemployment rate?
Which one had a higher workforce participation rate?

I realize I am arguing with a total moron to whom figures mean nothing. But maybe you'll get the idea that your knowledge base on this forum is substandard.

 

[The Rabbi]

Got it, You'll go for the false economy Bush put up as 'p[roof' of his 'good economy'. Weird, even stopping pre recession,weakest period post WW 2? LOL




WORST RECOVERY? OH RIGHT, FROM THE BUSH/GOP GREAT RECESSION

Its tough to have war & recession, but somehow Bush II managed.

Yes, managed to get US into two of BOTH, UNFUNDED of course, one on false premises

Hmm. who passes legislation funding such things? Yeah, the president? Nope, don't think so.