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there was no recession in 2008. There was a market correction the was very short term and the market started back up in 2009. The so called recession of 2008 is a fantasy of the left to justify the failures of the great Kenyan messiah.
DAMN LIAR ^^^; TYPICAL OF A RIGHT WING POS!
The stock market crash of 2008 occurred on September 29, 2008. The Dow Jones Industrial Average fell 777.68 points in intra-day trading. That was the largest point drop in any single day in history. It plummeted because Congress rejected the bank bailout bill. But the crash had been building for a long time.
The Dow hit its pre-recession high on October 9, 2007, closing at 14,164.43. Less than 18 months later, it had dropped more than 50 percent to 6,594.44 on March 5, 2009.
those numbers make my point, no recession, a market correction. BTW, what is the DOW at today?
for the record, I and many others made a lot of money in the market in 08 and 09. It was an outstanding time to buy.
There was no recession, that is a left wing talking point designed to cover up the economic failure known as Obama.
Maybe you're simply stupid and not a Damn Liar. But maybe both.
Both housing, the stock markets and unemployment began their recovery during the Obama Administration, no amount of revisionist history will refute those facts. That you believe the crash in Oct. 2008 was not an effect of a failure to regulate by Bush&Co. is a fantasy.
1. "Maybe you're simply stupid..."
The concept of irony has spent the entirety of its existence waiting for you to come along and give it meaning.
2. "Both housing, the stock markets and unemployment began their recovery ..."
It behooves me...as it plays into the concept being developed in this thread.....that the Mortgage Meltdown is a direct result of Democrat policy.
Had not FDR ignored his authority under article 1, section 8 of the Constitution, and invaded....occupied.....the private housing market...
....he created GSE's Fannie, and his drones followed with Freddie, to do something the Constitution didn't authorize: meddle in housing.
There would never.....NEVER....had been Mortgage Meltdown
"... the total lost household wealth at $19.2 trillion. But that doesn’t take into account long-term effects of homeowners who may be less socially mobile — and therefore contribute less to the economy over time."
How Much Did the Financial Crisis Cost?
Gads...when any educated person views the calamities, both domestic and in foreign policy, caused by the Democrats....
...one has to wonder why the party has not been outlawed.
#2 Another damn ^^^ lie: The policy for home ownership was a product of both the R's and D's:
December 16, 2003
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Today's Presidential Action
"Today, President Bush signed into law the American Dream Downpayment Act of 2003, which will help approximately 40,000 families a year with their down payment and closing costs, and further strengthen America's housing market. This legislation complements the President's aggressive housing agenda announced in 2002 to dismantle the barriers to homeownership"
Somehow, claiming others lie turns into a boomerang for your posts.
1. Democrat FDR shredded the Constitution....ignoring article I, section 8, the enumerated powers.
He created GSE's Fannie, and his drones followed with Freddie, to do something the Constitution didn't authorize: meddle in housing.
Fannie Mae was created in 1938.....who was President?
2. Democrat Carter....the CRA, constraining banking policy
3. Democrat Clinton....strengthened the CRA
Under Clinton, HUD threatened banks, again, to give unrequited loans.
Henchmen: Democrats Cisneros and Cuomo.
4. Democrats Frank and Dodd barred any governmental discipline in this area.
It was Democrats and Democrat policies that caused the Mortgage Meltdown
And so....once again....we've proven that the only liar here is .......
.....you.