The Obama Economy

[Faun]

Rightwing freaks crack me up.

In reality, from which you cultists are divorced, unemployment has grown at a steady pace for going on 9 years now...



101 consecutive months of job growth did not begin 19 months ago.

In RealityLand, lower regulations plus lower taxes equal higher economic growth.

Even JFK knew that.

Dumbfuck .... JFK was not a supply side tax cutter. The top tax rate when JFK talked about cutting was 90% and the national debt was $306b. And by the way, JFK never actually cut taxes; he only talked about it.

Have someone explain the Laffer Curve to you.

^^^ Poor widdle derp ^^^

Even NPR knows that JFK cut taxes.


In 1962, speaking at the Economic Club of New York, Kennedy said he was committed to "an across-the-board, top-to-bottom cut in personal and corporate income taxes." The tax system, mostly designed during World War II, "exerts too heavy a drag on growth in peace time; that it siphons out of the private economy too large a share of personal and business purchasing power; that it reduces the financial incentives for personal effort, investment, and risk-taking," he said.

Many lawmakers worried that reducing taxes without cutting spending would create unacceptable budget deficits. But Kennedy, who famously noted that "a rising tide lifts all boats," insisted tax cuts would generate broad-based growth...

JFK's Lasting Economic Legacy: Lower Tax Rates

LOLOLOL

You’re such a fucking retard.

Nothing in your post disagrees with anything in my post.

Sad little short busser.

So focused on high marginal tax rates without understanding inflation.

Try comparing inflation adjusted tax rates and get back to us.

LOL

You poor thing. What part of, nothing you posted disagreed with anything in my post, don’t you understand?

 

[boedicca]

In RealityLand, lower regulations plus lower taxes equal higher economic growth.

Even JFK knew that.

Dumbfuck .... JFK was not a supply side tax cutter. The top tax rate when JFK talked about cutting was 90% and the national debt was $306b. And by the way, JFK never actually cut taxes; he only talked about it.

Have someone explain the Laffer Curve to you.

^^^ Poor widdle derp ^^^

Even NPR knows that JFK cut taxes.


In 1962, speaking at the Economic Club of New York, Kennedy said he was committed to "an across-the-board, top-to-bottom cut in personal and corporate income taxes." The tax system, mostly designed during World War II, "exerts too heavy a drag on growth in peace time; that it siphons out of the private economy too large a share of personal and business purchasing power; that it reduces the financial incentives for personal effort, investment, and risk-taking," he said.

Many lawmakers worried that reducing taxes without cutting spending would create unacceptable budget deficits. But Kennedy, who famously noted that "a rising tide lifts all boats," insisted tax cuts would generate broad-based growth...

JFK's Lasting Economic Legacy: Lower Tax Rates

LOLOLOL

You’re such a fucking retard.

Nothing in your post disagrees with anything in my post.

Sad little short busser.

So focused on high marginal tax rates without understanding inflation.

Try comparing inflation adjusted tax rates and get back to us.

LOL

You poor thing. What part of, nothing you posted disagreed with anything in my post, don’t you understand?

Actually, it does. But you are too dense to grok it.

 

[Faun]

No, he said it.

"Thanks to our policies, home ownership in America is at an all-time high." ~ George Bush, 9.2.2004, RNC acceptance speech​

And then you agreed. And then you said those policies created the bust.

There could not have been a bust without the boom. He and Republicans created the boom — they’re responsible for the bust.

He and Republicans created the boom

You keep saying that, but except for $2.6 billion in spending and raising Clinton's 50% mandate to 55%, you won't say how he did it.

Unless you're saying he created the boom just by claiming he had?

I only gave you one example. Another was his American Dream Downpayment Assistance Act.

That's part of the $2.6 billion you already mentioned. Chicken feed.

Well, no, it’s not. It was actually $200m per year on top of the $2.4b. And then Bush also said...

”And so, therefore, I've called -- yesterday, I called upon the private sector to help us and help the home buyers. We need more capital in the private markets for first-time, low-income buyers. And I'm proud to report that Fannie Mae has heard the call and, as I understand, it's about $440 billion over a period of time. They've used their influence to create that much capital available for the type of home buyer we're talking about here. It's in their charter; it now needs to be implemented. Freddie Mac is interested in helping. I appreciate both of those agencies providing the underpinnings of good capital.”​

 

[Faun]

Dumbfuck .... JFK was not a supply side tax cutter. The top tax rate when JFK talked about cutting was 90% and the national debt was $306b. And by the way, JFK never actually cut taxes; he only talked about it.

Have someone explain the Laffer Curve to you.

^^^ Poor widdle derp ^^^

Even NPR knows that JFK cut taxes.


In 1962, speaking at the Economic Club of New York, Kennedy said he was committed to "an across-the-board, top-to-bottom cut in personal and corporate income taxes." The tax system, mostly designed during World War II, "exerts too heavy a drag on growth in peace time; that it siphons out of the private economy too large a share of personal and business purchasing power; that it reduces the financial incentives for personal effort, investment, and risk-taking," he said.

Many lawmakers worried that reducing taxes without cutting spending would create unacceptable budget deficits. But Kennedy, who famously noted that "a rising tide lifts all boats," insisted tax cuts would generate broad-based growth...

JFK's Lasting Economic Legacy: Lower Tax Rates

LOLOLOL

You’re such a fucking retard.

Nothing in your post disagrees with anything in my post.

Sad little short busser.

So focused on high marginal tax rates without understanding inflation.

Try comparing inflation adjusted tax rates and get back to us.

LOL

You poor thing. What part of, nothing you posted disagreed with anything in my post, don’t you understand?

Actually, it does. But you are too dense to grok it.

LOL

Your severely limited English comprehension is noted and laughed at.

 

[Toddsterpatriot]

And then you agreed. And then you said those policies created the bust.

There could not have been a bust without the boom. He and Republicans created the boom — they’re responsible for the bust.

He and Republicans created the boom

You keep saying that, but except for $2.6 billion in spending and raising Clinton's 50% mandate to 55%, you won't say how he did it.

Unless you're saying he created the boom just by claiming he had?

I only gave you one example. Another was his American Dream Downpayment Assistance Act.

That's part of the $2.6 billion you already mentioned. Chicken feed.

Well, no, it’s not. It was actually $200m per year on top of the $2.4b. And then Bush also said...

”And so, therefore, I've called -- yesterday, I called upon the private sector to help us and help the home buyers. We need more capital in the private markets for first-time, low-income buyers. And I'm proud to report that Fannie Mae has heard the call and, as I understand, it's about $440 billion over a period of time. They've used their influence to create that much capital available for the type of home buyer we're talking about here. It's in their charter; it now needs to be implemented. Freddie Mac is interested in helping. I appreciate both of those agencies providing the underpinnings of good capital.”​

Well, no, it’s not. It was actually $200m per year on top of the $2.4b.

Oh, $200 million a year, still peanuts, compared to hundreds of billions worth of subprime mortgages
bought by the GSEs.

And I'm proud to report that Fannie Mae has heard the call and,

Yes, the mandate raising their subprime quota from 50% to 55%.

 

[Wry Catcher]

The obama economy cost our household $80,000 in disposable income because he intentionally drove energy prices up immediately upon taking office.
Period.

Proof it! (your credibility is at stake).

 

[Faun]

There could not have been a bust without the boom. He and Republicans created the boom — they’re responsible for the bust.

He and Republicans created the boom

You keep saying that, but except for $2.6 billion in spending and raising Clinton's 50% mandate to 55%, you won't say how he did it.

Unless you're saying he created the boom just by claiming he had?

I only gave you one example. Another was his American Dream Downpayment Assistance Act.

That's part of the $2.6 billion you already mentioned. Chicken feed.

Well, no, it’s not. It was actually $200m per year on top of the $2.4b. And then Bush also said...

”And so, therefore, I've called -- yesterday, I called upon the private sector to help us and help the home buyers. We need more capital in the private markets for first-time, low-income buyers. And I'm proud to report that Fannie Mae has heard the call and, as I understand, it's about $440 billion over a period of time. They've used their influence to create that much capital available for the type of home buyer we're talking about here. It's in their charter; it now needs to be implemented. Freddie Mac is interested in helping. I appreciate both of those agencies providing the underpinnings of good capital.”​

Well, no, it’s not. It was actually $200m per year on top of the $2.4b.

Oh, $200 million a year, still peanuts, compared to hundreds of billions worth of subprime mortgages
bought by the GSEs.

And I'm proud to report that Fannie Mae has heard the call and,

Yes, the mandate raising their subprime quota from 50% to 55%.

LOL

Try harder.

I just showed you Bush was pushing for the GSE’s to invest $440b into the private sector. And his policies worked.

Though subprime loans were decreasing when Bush became president, they began exploding in 2004, following Bush’s lead. They dropped to 7.4% of the market share of all mortgages in 2002 .... and then tripled to over 20% until the housing markets and credit markets began to collapse.

 

[RoshawnMarkwees]

The obama economy cost our household $80,000 in disposable income because he intentionally drove energy prices up immediately upon taking office.
Period.

Proof it! (your credibility is at stake).

I already listed the consumer cost increases caused by obama energy policy.

 

[Toddsterpatriot]

He and Republicans created the boom

You keep saying that, but except for $2.6 billion in spending and raising Clinton's 50% mandate to 55%, you won't say how he did it.

Unless you're saying he created the boom just by claiming he had?

I only gave you one example. Another was his American Dream Downpayment Assistance Act.

That's part of the $2.6 billion you already mentioned. Chicken feed.

Well, no, it’s not. It was actually $200m per year on top of the $2.4b. And then Bush also said...

”And so, therefore, I've called -- yesterday, I called upon the private sector to help us and help the home buyers. We need more capital in the private markets for first-time, low-income buyers. And I'm proud to report that Fannie Mae has heard the call and, as I understand, it's about $440 billion over a period of time. They've used their influence to create that much capital available for the type of home buyer we're talking about here. It's in their charter; it now needs to be implemented. Freddie Mac is interested in helping. I appreciate both of those agencies providing the underpinnings of good capital.”​

Well, no, it’s not. It was actually $200m per year on top of the $2.4b.

Oh, $200 million a year, still peanuts, compared to hundreds of billions worth of subprime mortgages
bought by the GSEs.

And I'm proud to report that Fannie Mae has heard the call and,

Yes, the mandate raising their subprime quota from 50% to 55%.

LOL

Try harder.

I just showed you Bush was pushing for the GSE’s to invest $440b into the private sector. And his policies worked.

Though subprime loans were decreasing when Bush became president, they began exploding in 2004, following Bush’s lead. They dropped to 7.4% of the market share of all mortgages in 2002 .... and then tripled to over 20% until the housing markets and credit markets began to collapse.

I just showed you Bush was pushing for the GSE’s to invest $440b into the private sector.

Absolutely!
On top of the $1.2 trillion in crappy mortgages they already held by 2002.
And that was well before Bush raised their quota to 55% in 2007.

That 50% mandate really boosted demand for that low quality shit.

Though subprime loans were decreasing when Bush became president

You may want to look at your chart again.
They were higher every year after 2000.
The first year over year drop was in 2006.

 

[Natural Citizen]

We're 21 trillion dollars in debt. And our dollar is worth 4 cents.

We're broke. It's been a bipartisan effort.

We have a socialist economy. It's been that way since the 30s and went full tilt in the 70s.

 

[Wry Catcher]

The obama economy cost our household $80,000 in disposable income because he intentionally drove energy prices up immediately upon taking office.
Period.

Proof it! (your credibility is at stake).

I already listed the consumer cost increases caused by obama energy policy.

Post it! In detail since I already have great doubts of your veracity.

 

[Toddsterpatriot]

We're 21 trillion dollars in debt. And our dollar is worth 4 cents.

We're broke. It's been a bipartisan effort.

We're 21 trillion dollars in debt. And our dollar is worth 4 cents.​

If that's the case, our debt is only $840 billion.​

 

[Wry Catcher]

We're 21 trillion dollars in debt. And our dollar is worth 4 cents.

We're broke. It's been a bipartisan effort.

We are not broke. 34% of our debt is held by American's and they are not yet ready to surrender their T bonds. Our bonds are safe, and are still invested by other nations, since the US has been the most secure place for their funds (at least until the idiot in the White House does more and more stupid policy mistakes).

 

[Wry Catcher]

We're 21 trillion dollars in debt. And our dollar is worth 4 cents.

We're broke. It's been a bipartisan effort.

We're 21 trillion dollars in debt. And our dollar is worth 4 cents.​

If that's the case, our debt is only $840 billion.​

The facts:

Why These Currencies are the Safest in the World

 

[Toddsterpatriot]

We're 21 trillion dollars in debt. And our dollar is worth 4 cents.

We're broke. It's been a bipartisan effort.

We're 21 trillion dollars in debt. And our dollar is worth 4 cents.​

If that's the case, our debt is only $840 billion.​

The facts:

Why These Currencies are the Safest in the World

The U.S. dollar is currently in bull mode, and that’s likely to last for a considerable amount of time. On the other hand, while the Federal Reserve is capable of bailing everyone out, eventually, who’s going to bailout the Federal Reserve? The answer to that question might irritate you, because the answer is likely going to be you the taxpayer.

Why would a Central Bank ever need to be bailed out?

 

[Natural Citizen]

We are not broke. 34% of our debt is held by American's and they are not yet ready to surrender their T bonds. Our bonds are safe, and are still invested by other nations, since the US has been the most secure place for their funds (at least until the idiot in the White House does more and more stupid policy mistakes).

Well, we're gonna have to respectfully disagree.

Can't run the world on debt.

 

[Natural Citizen]

Why would a Central Bank ever need to be bailed out?

The central bank needs to be ended and we need to get back to free markets dictating the economy instead of the government.

 

[Wry Catcher]

We're 21 trillion dollars in debt. And our dollar is worth 4 cents.

We're broke. It's been a bipartisan effort.

We're 21 trillion dollars in debt. And our dollar is worth 4 cents.​

If that's the case, our debt is only $840 billion.​

The facts:

Why These Currencies are the Safest in the World

The U.S. dollar is currently in bull mode, and that’s likely to last for a considerable amount of time. On the other hand, while the Federal Reserve is capable of bailing everyone out, eventually, who’s going to bailout the Federal Reserve? The answer to that question might irritate you, because the answer is likely going to be you the taxpayer.

Why would a Central Bank ever need to be bailed out?

A. The Feds can print money, the executive can shut the doors of the banks, and those too big to fail and fail to protect themselves will be bailed out, when We the People suffer.

Q. Why does the GOP continue to oppose regulations, and allow brokers to exploit common sense?

A. They profit, at the expense of others (which is why we need regulations and regulators to do their job!). Under Trump, the Federal Government has failed to regulate, and that is dangerous.

 

[Wry Catcher]

Why would a Central Bank ever need to be bailed out?

The central bank needs to be ended and we need to get back to free markets dictating the economy instead of the government.

Not. The Fed sets interest rates, and controls inflation; protective tariffs creates chaos, which impacts decisions made by The Fed which acts as a governor to protect against high inflation and deflation.

 

[Wry Catcher]

We are not broke. 34% of our debt is held by American's and they are not yet ready to surrender their T bonds. Our bonds are safe, and are still invested by other nations, since the US has been the most secure place for their funds (at least until the idiot in the White House does more and more stupid policy mistakes).

Well, we're gonna have to respectfully disagree.

Can't run the world on debt.

There is no call date on our debt. Yes, it wastes revenue in terms of interest payments, but a Congress and Executive which puts politics aside and operates sagaciously can overcome even a debt as large as we have.

We need to put an adult into the White House, and representatives into The Congress who put our nation and its people before any political ideology.

Pence's comment about being a Christian, Conservative and a Republican is toxic, thus I wouldn't want to see Trump impeached and removed from office by the Senate, I want the D's to control the Congress and control Trump's megalomania and make him nothing more than a figure head in the empty suit which he truly is.