The Obama Economic Disaster Revealed in a Single Glance

[forkup]

You do realize it was the lack of regulations on stuff like subprimes that started the recession right?

The ONLY REASON why there was a "subprime" market was because BIG GOVERNMENT like billionaire Clinton hack Franklin Raines had the US taxpayer INSURE mortgages the home "owner" couldn't possibly pay....

It was BIG GOVERNMENT's power grab. The housing market was over 200 years old, and never went down like it did.

"Low income housing" and the desire to bilk the taxpayer via Fannie and Freddie, that's what caused it...

Before Franklin Raines, mortgages to prospects who couldn't pay WERE REJECTED.

After Franklin, Uncle Sam covered...

Franklin Raines is the single most responsible person for the disaster.

And like Obama, he got filthy rich wrecking the US....

franklin raines net worth - Google Search


Housing without "regulations" did fine. Housing with TAXPAYER INSURED MORTAGES BLEW UP....

Watch the movie and you'll see what happened and why. As told by the people who knew it was happening.

 

[LaDairis]

forkup =

 

[Third Party]

US National Debt when W takes office = $5 trillion
US National Debt when W leaves office = $10 trillion
US National Debt when O leaves office = $20 trillion


Now, can anyone tell me what we, the American people, got for the $15 trillion these two "lost..."

???????????????????????????????????????

Screwed?

 

[jc456]

I would say what he inherited was already recovering before he took office. He imposed regulations that forced private businesses to fold, putting people on food stamps. that's just a fact.

You do realize it was the lack of regulations on stuff like subprimes that started the recession right?

Good movie and this last scene is prophetic.

nothing is changed today from what they were back in 2007. nothing. they are as vulnerable today as back then. just a flat out lie.

https://en.wikipedia.org/wiki/Dodd–Frank_Wall_Street_Reform_and_Consumer_Protection_Ac
Guess who's gutting those regulations? Little tip it's not Obama.

congress is the owner of the money friend.

Yes and this Republican Congress is again choosing to not put regulations on banking practices that cost millions of American's their home and bankrupted entire countries. You yourself are advocating deregulation. How does the saying go about doing the same thing over and over again and expecting a different result?

the regulations weren't the issue. didn't you read the previous post?

 

[forkup]

forkup =

I'm devestated to be called a parrot by someone who rants and thinks that putting things in caps makes them somehow more likely to be accepted. Big government didn't create subprimes, banks did that all by their lonesome. It was those that went belly up.

 

[forkup]

You do realize it was the lack of regulations on stuff like subprimes that started the recession right?

Good movie and this last scene is prophetic.

nothing is changed today from what they were back in 2007. nothing. they are as vulnerable today as back then. just a flat out lie.

https://en.wikipedia.org/wiki/Dodd–Frank_Wall_Street_Reform_and_Consumer_Protection_Ac
Guess who's gutting those regulations? Little tip it's not Obama.

congress is the owner of the money friend.

Yes and this Republican Congress is again choosing to not put regulations on banking practices that cost millions of American's their home and bankrupted entire countries. You yourself are advocating deregulation. How does the saying go about doing the same thing over and over again and expecting a different result?

the regulations weren't the issue. didn't you read the previous post?

No, having no regulations on it was the problem.

 

[bripat9643]

Yes I know it's funny. Somebody who actually is capable of researching a source. It must be hilarious if you are just interested in rhetoric.

you did no such thing. why is there no link then? Did you just lie? are you a sad little fk that can't seem to get his own way today? need a tissue?

Trump, Obama, and the Misleading Charts
I linked. Go ahead read and see if you can see anything in the link that you disagree with.

which ones disagreed with Bri's?

Not a single one. He does describe how the graphs have all kinds of faults with them. From being unsupportive of the claim that it was Obama's fault to lacking a Y-axis, to being incomplete. To not seem to make any sense, period.

Which one lacks a Y-axis?

 

[edthecynic]

US National Debt when W takes office = $5 trillion
US National Debt when W leaves office = $10 trillion
US National Debt when O leaves office = $20 trillion


Now, can anyone tell me what we, the American people, got for the $15 trillion these two "lost..."

???????????????????????????????????????

Actually it was 6 trillion at the start of Bush's first FISCAL year and 12 trillion at Obama's and 20 trillion at Tramp's.

 

[bripat9643]

Obama was handed the worst financial disaster since the Great Depression, one that was probably more complicated globally than the Great Depression.

His grade on the economy would be an "I", since there's really no way to know what he would have done in normal circumstances.

Denying the horror show that he had to start with is intellectual dishonesty, or wilful ignorance, in the extreme. Or maybe both.
.

imposing all of the regulations was his fault and it hampered any recovery. that's just a fact.

This was the judgment of the second chart.
This will be the first time I can show why these charts are a little misleading. As seen below, the data from FRED (Federal Reserve Economic Data) is accurate, it is not complete.

Same chart. Only it shows how it coincides with the recession and starts trending down again. As in recovery.

Unfortunately, no other recession has such a massive increase. Don't blame that on "the worst recession in history." It's the fault of Obama loosening the requirements for getting SNAP benefits.

 

[LaDairis]

Big government didn't create subprimes

That is completely wrong. The subprime market came into existence because of Big Government interference AND regulation. First the cause was "low income housing." It ended up with Uncle Sam insuring mortgages given to people with no ability to pay unless the price of the house kept rising....

Since that is way beyond the comprehension of your beaked birdbrain....

 

[forkup]

Obama was handed the worst financial disaster since the Great Depression, one that was probably more complicated globally than the Great Depression.

His grade on the economy would be an "I", since there's really no way to know what he would have done in normal circumstances.

Denying the horror show that he had to start with is intellectual dishonesty, or wilful ignorance, in the extreme. Or maybe both.
.

imposing all of the regulations was his fault and it hampered any recovery. that's just a fact.

This was the judgment of the second chart.
This will be the first time I can show why these charts are a little misleading. As seen below, the data from FRED (Federal Reserve Economic Data) is accurate, it is not complete.

Same chart. Only it shows how it coincides with the recession and starts trending down again. As in recovery.

Unfortunately, no other recession has such a massive increase. Don't blame that on "the worst recession in history." It's the fault of Obama loosening the requirements for getting SNAP benefits.

And that would constitute an economic disaster how? In fact, you just said it yourself. The increase in the charts can not be attributed to a higher need for snap benefits just more people being eligible. Neither did I ever use the term "the worst recession in history." Since that would be clearly a wrong statement.

 

[jc456]

Obama was handed the worst financial disaster since the Great Depression, one that was probably more complicated globally than the Great Depression.

His grade on the economy would be an "I", since there's really no way to know what he would have done in normal circumstances.

Denying the horror show that he had to start with is intellectual dishonesty, or wilful ignorance, in the extreme. Or maybe both.
.

imposing all of the regulations was his fault and it hampered any recovery. that's just a fact.

This was the judgment of the second chart.
This will be the first time I can show why these charts are a little misleading. As seen below, the data from FRED (Federal Reserve Economic Data) is accurate, it is not complete.

Same chart. Only it shows how it coincides with the recession and starts trending down again. As in recovery.

Unfortunately, no other recession has such a massive increase. Don't blame that on "the worst recession in history." It's the fault of Obama loosening the requirements for getting SNAP benefits.

And that would constitute an economic disaster how? In fact, you just said it yourself. The increase in the charts can not be attributed to a higher need for snap benefits just more people being eligible. Neither did I ever use the term "the worst recession in history." Since that would be clearly a wrong statement.

that was Mac.

 

[HappyJoy]

Can't read the dates, I wonder if that's on purpose.

 

[Kilroy2]

charts are great but unless you have to look at the dates

The great recession began in 2007 and ended in June 2009 is generally accepted

Obama became president in 2009. So the economy was already in the shithole

Thanks to the previous president Bush but no one seems to want to put the blame on Bush

The first year and maybe into the 2nd year belong to the previous guy yet with all those graphs show is he inherited it and they all went up during his presidency

And guess what Trump inherited it from Obama

The shale oil boom has added more jobs and everybody is rolling in it. Wind turbines are taking off. The economy is rolling but then again why are we still subsidizing Farmers

Trump offering 12 billion to farms, because of his trade wars

Wow is subsidizing a SOCIALIST program

I guess everyone is doing as great as some

 

[LaDairis]

no one seems to want to put the blame on Bush

I have never failed to do that. W was a big spending disaster of a traitor/liar/kleptocrat. Had W governed like a Gingrich conservative, the depression never happens.

 

[bripat9643]

Obama was handed the worst financial disaster since the Great Depression, one that was probably more complicated globally than the Great Depression.

His grade on the economy would be an "I", since there's really no way to know what he would have done in normal circumstances.

Denying the horror show that he had to start with is intellectual dishonesty, or wilful ignorance, in the extreme. Or maybe both.
.

imposing all of the regulations was his fault and it hampered any recovery. that's just a fact.

This was the judgment of the second chart.
This will be the first time I can show why these charts are a little misleading. As seen below, the data from FRED (Federal Reserve Economic Data) is accurate, it is not complete.

Same chart. Only it shows how it coincides with the recession and starts trending down again. As in recovery.

By year 7 of his reign it's way, way, way up compared to year 1.

 

[bripat9643]

nothing is changed today from what they were back in 2007. nothing. they are as vulnerable today as back then. just a flat out lie.

https://en.wikipedia.org/wiki/Dodd–Frank_Wall_Street_Reform_and_Consumer_Protection_Ac
Guess who's gutting those regulations? Little tip it's not Obama.

congress is the owner of the money friend.

Yes and this Republican Congress is again choosing to not put regulations on banking practices that cost millions of American's their home and bankrupted entire countries. You yourself are advocating deregulation. How does the saying go about doing the same thing over and over again and expecting a different result?

the regulations weren't the issue. didn't you read the previous post?

No, having no regulations on it was the problem.

The claim that banks weren't regulated is the ultimate idiocy. There were thousands upon thousands of regulations. Banking is the most regulated industry in our economy.

 

[bripat9643]

Big government didn't create subprimes

That is completely wrong. The subprime market came into existence because of Big Government interference AND regulation. First the cause was "low income housing." It ended up with Uncle Sam insuring mortgages given to people with no ability to pay unless the price of the house kept rising....

Since that is way beyond the comprehension of your beaked birdbrain....

The leftwing Trump-hating morons believe banks conspired with each other to deliberately lose money.

 

[Harpy Eagle]

The evidence is undeniable. The Federal Reserve Bank of St. Louis put it into an easy to understand form.

The Obama Economic Disaster Revealed in a Single Glance

All of the graphs end in 2012 or sooner.

One of the more dishonest things you have posted, and that is saying a hell of a lot

 

[Oddball]

The evidence is undeniable. The Federal Reserve Bank of St. Louis put it into an easy to understand form.

The Obama Economic Disaster Revealed in a Single Glance

It looks like the Obama drones have no defense for their messiah's record.

Seems they all end at just the right time to depict that the lasting effects of the 2008 recession were Obama's fault. In reality......

US economy under Obama 2009-2017 | Economics Help

When Obama came to office in Jan 2009, the US economy was in a deep recession, with falling real GDP, high unemployment and rising levels of government borrowing.

As President, Obama oversaw a moderate fiscal expansion which helped to promote economic recovery and falling unemployment. Given the depth of the 2009 recession, some argue the recovery was relatively weak. But, compared to the Eurozone, the US economy performed relatively well, with unemployment falling to pre-recession levels. However, despite a prolonged economic recovery, the US recovery was unevenly distributed. Median wages barely rose, and this compares to a booming stock market and rising corporate profit levels.

$4 trillion of money printing will do that.