The Banker
Diamond Member
- Thread starter
- Banned
- #201
Just wondering????
When Is a GOP Pres Going to have an economy this good?????
When Is a GOP Pres Going to have an economy this good?????
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Bush pushed that program too far.Back in the late 1990s – yes, under Bill Clinton – the feds were pushing mortgage lenders – specifically Fannie Mae – to lower the credit requirements so more minorities and low-income Americans could sell houses. The New York Times reported on this in 1999.
Even back then, there were skeptics. Specifically, the American Enterprise Institute raised alarms, saying if all these “low-income” mortgages fail, there would be a crisis.
Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates — anywhere from three to four percentage points higher than conventional loans.
RUSH IS RIGHT: This Person Caused The Housing Crisis
NAILS IT: Here's Who Caused The Housing Crisis And Great Recessionthefederalistpapers.org
comment:
Millions of hard working mainstream American suffered because of Bill Clinton's mortgage lending policy that caused the Great Recession.
People lost their jobs, homes and life savings.
Democrats always wreck the economy.
Biden's greedy spending is really a world record Left Wing looting spree that is causing inflation and that has us on the brink of an economic depression.
Not in 2016.Only +2.13% GDP in 2019, Obama did better than that.
The jobs are not new jobs, people are going back to their 'old job'. He is still millions of jobs behind with what Trump hadYou mean the mega debt that Trump incurred. Trump has the record debt, not Biden...
The booming GDP and jobs numbers say it all.
A substantial amount of inflation is directly due to covid/ports/supply chain and will ease, you just don't want to admit that because you are a partisan hack.
11 of the last 12 recessions happened under a GOP president. Every single GOP pres across the board has had at least 1 recession for the past 100 years.
GDP growth of +7% this past quarter.
No republican has ever had an economy this good.
You Lie!
Trump scared everyone, told them to stay home & business to shut down. Pelosi & Biden told everyone not to panic, keep going out shopping. Trump wrecked the economy all by himself.
And daddy Bush signed it into law with republican support.It was Al Gore's High Performance Computing Act of 1991 (HPCA) that funded the creation of the internet we use today. Republicans never invent anything useful. Republicans only create BS campaign slogans.
Let me know when we have as many jobs as Trump created pre covid...okay jackass?....Of course you don't. What a pussy loser you are. Shame. You seem led by capitalist evangelicals. This will go nowhere. Again.
Sorry.
See. they are beyond stupid. They are delusional. We pay twice as much for everything when lucky enough to get it but brain fart is telling us we have never had it so good. I guess when you live off the sweat of others it's all good. A good reason to use California as a nuclear testing sight.For the past 100 years the GOP record on the economy has been a total disgrace and failure (just like the presidencies of Bush and trump).
11 of the last 12 recessions happened under a GOP president. Every single GOP pres across the board has had at least 1 recession for the past 100 years. GDP growth, Jobs growth, and stock market gains have all been substantially greater under dems than GOP.
NOW this pattern is continuing yet again. Bill Clinton gave us the Golden Age of prosperity, the best economy maybe ever. The GOP followed that up with Bush, the worst president ever who inherited a balanced budget and then imploded the economy with the worst crash since the GOP gave us the Great Depression.
Obama fixed the Bush crash and gave Trump an economy with low growth and low 4.7% unemployment and Trump borrowed a fuck ton of $$ and then crashed the economy again as he totally mismanaged covid badly. Trump had mega, massive, record deficits.
NOW Biden has given us the Biden BOOOM. The best economy of the 21st century with mega booming jobs adding +470k this past month and mega booming GDP growth of +7% this past quarter. Trump never came close to that. (+2.13% in 2019 and only +200k jobs/month, same as Obama).
No republican has ever had an economy this good. Yet all the Trumpers can do is whine and cry and flail and squirm...
This Just Might Be the Best U.S. Economy Ever
Credit Suisse books $4.7 billion loss, Yellen pushes for a global minimum corporate tax rate, CDC decision on vaccinations sends shares of cruise operators higher, and other news to start your day.www.barrons.com2021 might be the best year for the American economy since 1951, thanks to the President's agenda.
Jun 25, 2021 - As we rebuild from COVID-19, it’s clear from the economic data that President Biden’s economic plan is working. Here at the ever-helpful Majority Leader Press Shop, we’ve recapped how personal income rose in all 50 states last quarter and economic growth is up while unemployment...www.majorityleader.gov
How many of those jobs did he lose when he mis-managed covid and crashed the economy??Let me know when we have as many jobs as Trump created pre covid...okay jackass?....
More excuses form the party of excuses and failure.See. they are beyond stupid. They are delusional. We pay twice as much for everything when lucky enough to get it but brain fart is telling us we have never had it so good. I guess when you live off the sweat of others it's all good. A good reason to use California as a nuclear testing sight.
How many of those jobs did he lose when he mis-managed covid and crashed the economy??
Trump lost more jobs than he gained. Terrible.
Waaa !!!It was Democraps who destroyed these jobs and the economy. They did so deliberately, and with malice.
COVID-1984 was an excuse, not a cause, just as it has been for every other instance of corrupt Democraps using it as a pretense on which to seize and abuse all manner of illegitimate powers against us.
And it is outright fraud for you and other Democraps now to claim credit for some recovery in the economy resulting from some backing off from the malicious sabotage that you perpetrated against it in the first place.
Waaa !!!
Waaaaaa !!!!
Its always somebody else's fault with you people. You never take personal responsibility for anything in life.
When are you weaklings going to man the fuck up and finally take personal responsibility for the total failures of trump and Bush??? 2 failed GOP trash presidents. The GOP is total trash.
no he's a paid, trollSo you are falling for the hype?...we still haven't gotten to the number of jobs we had before covid and until we reach that number... we are failing...I don't care what kind of spin Biden throws out...
yup sure, yet Trump was president and responsible for the country.You're trying to blame my side for the disaster that your side deliberately caused.
Yours is the side that hyped a routine flue outbreak into a fake “pandemic”, and yours is the side that exploited this hoax in order to seize and abuse powers to which you have no valid claim, to destroy the economy and to strip people of essential liberties.
Your side owns this, all of it.
Modern LIbEralism truly is a mental disease, as you continually demonstrate.