The Obama Legacy- President Trump

Inheriting the Obama economy

President Obama is handing his successor a remarkable gift: "an economy that's the envy of the world," said Ben White at Politico. The unemployment rate fell to 4.6 percent in November, "the lowest level since August 2007." The stock market and U.S. home prices are at record highs, consumer spending and wages are both rising steadily, and the economy grew a better-than-expected 3.2 percent in the third quarter. The situation couldn't be more different from the one Obama inherited when he moved into the White House in the depths of the financial crisis — or from Donald Trump's campaign rhetoric about a U.S. economy suffering from high unemployment and stagnant growth. In fact, Trump will take office against the rosy backdrop of an "Obama boom."



Politico???

This Politico?
"#PodestaEmails: Politico journalist seeks OK from Clinton before running story"
#PodestaEmails: Politico journalist seeks OK from Clinton before running story
 
Obama will be responsible for his own legacy...as will Trump

Trump trying to destroy Obamas legacy only puts the responsibility on Trump to create something better

Kill Obamacare? Better have something better
Destroy relations with Cuba? Then that is Trumps legacy
Create an international crisis with China? it's on Trump
Undo environmental regulations? Future generations will pin it on Trump


"Obama will be responsible for his own legacy....."

Got it:
....the slowest of economic recoveries, ObamaCare, the creation of ISIS, a nuclear Iran, a happy and well-fed Nidal Hasan....

And this:
His presidency will end with Democrats in possession of 11 fewer Senate seats (depending on how you count), more than 60 fewer House seats, at least 14 fewer governorships and more than 900 fewer seats in state legislatures than when it began. That’s a staggering toll."http://www.nytimes.com/2016/11/13/o...est&contentPlacement=1&pgtype=collection&_r=0
Obama saved us from the Great Bush Recession of 2008


Is it the Democrat policy recession to which you refer???
The one brought in by invading the private housing market???


I can help:

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.


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


That's the CliffNotes version.

I don't believe you can handle the details.

Let's see...

Obama saved us from the Great Bush Recession of 2008
More than DOUBLED the stock market
Added $50 Trillion to our nations wealth
Cut unemployment by over five percent

Let's see President Oompa Loompa match that


1. Obama saved us from an imaginary Great Recession, and accomplished the following:

a. "Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession
. ...the Census Bureau's Current Population Survey ....indicate that the real (inflation-adjusted) median annual household income in America has fallen by 4.4 percent during the "recovery," after having fallen by 1.8 during the recession.
http://www.weeklystandard.com/blogs...-during-recovery-during-recession_750068.html


b. "More Businesses Shutting Down than Starting Up
'Business deaths now exceed business births for the first time' in decades.
The American economy is less entrepreneurial now than at any point in the last three decades. That's the conclusion of a new study out from the Brookings Institution, which looks at the rates of new business creation and destruction since 1978.
Not only that, but during the most recent three years of the study -- 2009, 2010 and 2011 -- businesses were collapsing faster than they were being formed, a first. Overall, new businesses creation (measured as the share of all businesses less than one year old) declined by about half from 1978 to 2011." http://www.weeklystandard.com/blogs/more-businesses-shutting-down-starting_791127.html


c. "Obama is the first President never to have had a year of 3% or better economic growth: "... annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years." President Obama's Growth Gap Hits $1.31 Trillion

"The years since 2007 have been a macroeconomic disaster for the United States of a magnitude unprecedented since the Great Depression." Obama: Always Wrong, Never In Doubt

".... first president since Hoover to never have a single year above 3% GDP growth." Obama economy is 'amazing,' says hedge fund billionaire




d. . "White House Press Secretary Josh Earnest said that 805,000 manufacturing jobs have been created since President Barack Obama has been in office. In fact, there has been a net loss of 303,000 manufacturing jobs since January 2009.... Manufacturing employment was 12,258,000 in October 2016, according to the most recent estimates from the U.S. Bureau of Labor Statistics. That’s down 303,000 from the number employed in January 2009, the same month that Obama was sworn in as president.
Obama's Record on Manufacturing Jobs - FactCheck.org


Not much of a record to 'beat.'

What sort of dunce would claim any of that as 'success'?
Raise your paw.

Tell the 770,000 people that were losing their jobs that it was "imaginary"
Tell retirees who lost half their nest egg of home value and stock funds that it was only their imagination
Tell it to auto workers who were on the verge of losing their jobs that it was all in their imagination
 
Obama will be responsible for his own legacy...as will Trump

Trump trying to destroy Obamas legacy only puts the responsibility on Trump to create something better

Kill Obamacare? Better have something better
Destroy relations with Cuba? Then that is Trumps legacy
Create an international crisis with China? it's on Trump
Undo environmental regulations? Future generations will pin it on Trump


"Obama will be responsible for his own legacy....."

Got it:
....the slowest of economic recoveries, ObamaCare, the creation of ISIS, a nuclear Iran, a happy and well-fed Nidal Hasan....

And this:
His presidency will end with Democrats in possession of 11 fewer Senate seats (depending on how you count), more than 60 fewer House seats, at least 14 fewer governorships and more than 900 fewer seats in state legislatures than when it began. That’s a staggering toll."http://www.nytimes.com/2016/11/13/o...est&contentPlacement=1&pgtype=collection&_r=0
Obama saved us from the Great Bush Recession of 2008

How? We know you can't answer but I thought it would be funny to ask you. Enjoy the Trump movement.
 
"Obama will be responsible for his own legacy....."

Got it:
....the slowest of economic recoveries, ObamaCare, the creation of ISIS, a nuclear Iran, a happy and well-fed Nidal Hasan....

And this:
His presidency will end with Democrats in possession of 11 fewer Senate seats (depending on how you count), more than 60 fewer House seats, at least 14 fewer governorships and more than 900 fewer seats in state legislatures than when it began. That’s a staggering toll."http://www.nytimes.com/2016/11/13/o...est&contentPlacement=1&pgtype=collection&_r=0
Obama saved us from the Great Bush Recession of 2008


Is it the Democrat policy recession to which you refer???
The one brought in by invading the private housing market???


I can help:

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.


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


That's the CliffNotes version.

I don't believe you can handle the details.

Let's see...

Obama saved us from the Great Bush Recession of 2008
More than DOUBLED the stock market
Added $50 Trillion to our nations wealth
Cut unemployment by over five percent

Let's see President Oompa Loompa match that


1. Obama saved us from an imaginary Great Recession, and accomplished the following:

a. "Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession
. ...the Census Bureau's Current Population Survey ....indicate that the real (inflation-adjusted) median annual household income in America has fallen by 4.4 percent during the "recovery," after having fallen by 1.8 during the recession.
http://www.weeklystandard.com/blogs...-during-recovery-during-recession_750068.html


b. "More Businesses Shutting Down than Starting Up
'Business deaths now exceed business births for the first time' in decades.
The American economy is less entrepreneurial now than at any point in the last three decades. That's the conclusion of a new study out from the Brookings Institution, which looks at the rates of new business creation and destruction since 1978.
Not only that, but during the most recent three years of the study -- 2009, 2010 and 2011 -- businesses were collapsing faster than they were being formed, a first. Overall, new businesses creation (measured as the share of all businesses less than one year old) declined by about half from 1978 to 2011." http://www.weeklystandard.com/blogs/more-businesses-shutting-down-starting_791127.html


c. "Obama is the first President never to have had a year of 3% or better economic growth: "... annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years." President Obama's Growth Gap Hits $1.31 Trillion

"The years since 2007 have been a macroeconomic disaster for the United States of a magnitude unprecedented since the Great Depression." Obama: Always Wrong, Never In Doubt

".... first president since Hoover to never have a single year above 3% GDP growth." Obama economy is 'amazing,' says hedge fund billionaire




d. . "White House Press Secretary Josh Earnest said that 805,000 manufacturing jobs have been created since President Barack Obama has been in office. In fact, there has been a net loss of 303,000 manufacturing jobs since January 2009.... Manufacturing employment was 12,258,000 in October 2016, according to the most recent estimates from the U.S. Bureau of Labor Statistics. That’s down 303,000 from the number employed in January 2009, the same month that Obama was sworn in as president.
Obama's Record on Manufacturing Jobs - FactCheck.org


Not much of a record to 'beat.'

What sort of dunce would claim any of that as 'success'?
Raise your paw.

Tell the 770,000 people that were losing their jobs that it was "imaginary"
Tell retirees who lost half their nest egg of home value and stock funds that it was only their imagination
Tell it to auto workers who were on the verge of losing their jobs that it was all in their imagination


Hmmm.....you neither denied any of the links I provided, nor stated your support for the President's policies that led to these consequences.

Care to?


Let's face facts....you are as big a windbag as Obama is.
 
Obama will be responsible for his own legacy...as will Trump

Trump trying to destroy Obamas legacy only puts the responsibility on Trump to create something better

Kill Obamacare? Better have something better
Destroy relations with Cuba? Then that is Trumps legacy
Create an international crisis with China? it's on Trump
Undo environmental regulations? Future generations will pin it on Trump


"Obama will be responsible for his own legacy....."

Got it:
....the slowest of economic recoveries, ObamaCare, the creation of ISIS, a nuclear Iran, a happy and well-fed Nidal Hasan....

And this:
His presidency will end with Democrats in possession of 11 fewer Senate seats (depending on how you count), more than 60 fewer House seats, at least 14 fewer governorships and more than 900 fewer seats in state legislatures than when it began. That’s a staggering toll."http://www.nytimes.com/2016/11/13/o...est&contentPlacement=1&pgtype=collection&_r=0
Obama saved us from the Great Bush Recession of 2008

How? We know you can't answer but I thought it would be funny to ask you. Enjoy the Trump movement.


Of course he can't know....

Yet every one of the loser news outlets is ranting about 'fake news.'
 
Obama will be responsible for his own legacy...as will Trump

Trump trying to destroy Obamas legacy only puts the responsibility on Trump to create something better

Kill Obamacare? Better have something better
Destroy relations with Cuba? Then that is Trumps legacy
Create an international crisis with China? it's on Trump
Undo environmental regulations? Future generations will pin it on Trump


"Obama will be responsible for his own legacy....."

Got it:
....the slowest of economic recoveries, ObamaCare, the creation of ISIS, a nuclear Iran, a happy and well-fed Nidal Hasan....

And this:
His presidency will end with Democrats in possession of 11 fewer Senate seats (depending on how you count), more than 60 fewer House seats, at least 14 fewer governorships and more than 900 fewer seats in state legislatures than when it began. That’s a staggering toll."http://www.nytimes.com/2016/11/13/o...est&contentPlacement=1&pgtype=collection&_r=0
Obama saved us from the Great Bush Recession of 2008

How? We know you can't answer but I thought it would be funny to ask you. Enjoy the Trump movement.
Thanks for asking

By infusing money into an economy that was in a full blown panic.
When Obama made it clear that the power of the U.S. Government would stand behind the banks and auto companies, the investors started to return
 
"Obama will be responsible for his own legacy....."

Got it:
....the slowest of economic recoveries, ObamaCare, the creation of ISIS, a nuclear Iran, a happy and well-fed Nidal Hasan....

And this:
His presidency will end with Democrats in possession of 11 fewer Senate seats (depending on how you count), more than 60 fewer House seats, at least 14 fewer governorships and more than 900 fewer seats in state legislatures than when it began. That’s a staggering toll."http://www.nytimes.com/2016/11/13/o...est&contentPlacement=1&pgtype=collection&_r=0
Obama saved us from the Great Bush Recession of 2008


Is it the Democrat policy recession to which you refer???
The one brought in by invading the private housing market???


I can help:

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.


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


That's the CliffNotes version.

I don't believe you can handle the details.

Let's see...

Obama saved us from the Great Bush Recession of 2008
More than DOUBLED the stock market
Added $50 Trillion to our nations wealth
Cut unemployment by over five percent

Let's see President Oompa Loompa match that


1. Obama saved us from an imaginary Great Recession, and accomplished the following:

a. "Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession
. ...the Census Bureau's Current Population Survey ....indicate that the real (inflation-adjusted) median annual household income in America has fallen by 4.4 percent during the "recovery," after having fallen by 1.8 during the recession.
http://www.weeklystandard.com/blogs...-during-recovery-during-recession_750068.html


b. "More Businesses Shutting Down than Starting Up
'Business deaths now exceed business births for the first time' in decades.
The American economy is less entrepreneurial now than at any point in the last three decades. That's the conclusion of a new study out from the Brookings Institution, which looks at the rates of new business creation and destruction since 1978.
Not only that, but during the most recent three years of the study -- 2009, 2010 and 2011 -- businesses were collapsing faster than they were being formed, a first. Overall, new businesses creation (measured as the share of all businesses less than one year old) declined by about half from 1978 to 2011." http://www.weeklystandard.com/blogs/more-businesses-shutting-down-starting_791127.html


c. "Obama is the first President never to have had a year of 3% or better economic growth: "... annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years." President Obama's Growth Gap Hits $1.31 Trillion

"The years since 2007 have been a macroeconomic disaster for the United States of a magnitude unprecedented since the Great Depression." Obama: Always Wrong, Never In Doubt

".... first president since Hoover to never have a single year above 3% GDP growth." Obama economy is 'amazing,' says hedge fund billionaire




d. . "White House Press Secretary Josh Earnest said that 805,000 manufacturing jobs have been created since President Barack Obama has been in office. In fact, there has been a net loss of 303,000 manufacturing jobs since January 2009.... Manufacturing employment was 12,258,000 in October 2016, according to the most recent estimates from the U.S. Bureau of Labor Statistics. That’s down 303,000 from the number employed in January 2009, the same month that Obama was sworn in as president.
Obama's Record on Manufacturing Jobs - FactCheck.org


Not much of a record to 'beat.'

What sort of dunce would claim any of that as 'success'?
Raise your paw.

Tell the 770,000 people that were losing their jobs that it was "imaginary"
Tell retirees who lost half their nest egg of home value and stock funds that it was only their imagination
Tell it to auto workers who were on the verge of losing their jobs that it was all in their imagination

Retirees and newly negotiated home contracts don't compute. Why would someone approaching, or is at retirement, go and obtain a loan they can't afford? It's not like they're the same employed dolts who obtained these 'Too Good to Be True' loans'. Their income was likely dropping yet they still went and signed the binding contracts.

I have no sympathy for those who try and live above their means yet fall short.....fail

Just because someone wants to sell you a bridge does not mean you have to buy it

-Geaux
 
Obama saved us from the Great Bush Recession of 2008


Is it the Democrat policy recession to which you refer???
The one brought in by invading the private housing market???


I can help:

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.


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


That's the CliffNotes version.

I don't believe you can handle the details.

Let's see...

Obama saved us from the Great Bush Recession of 2008
More than DOUBLED the stock market
Added $50 Trillion to our nations wealth
Cut unemployment by over five percent

Let's see President Oompa Loompa match that


1. Obama saved us from an imaginary Great Recession, and accomplished the following:

a. "Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession
. ...the Census Bureau's Current Population Survey ....indicate that the real (inflation-adjusted) median annual household income in America has fallen by 4.4 percent during the "recovery," after having fallen by 1.8 during the recession.
http://www.weeklystandard.com/blogs...-during-recovery-during-recession_750068.html


b. "More Businesses Shutting Down than Starting Up
'Business deaths now exceed business births for the first time' in decades.
The American economy is less entrepreneurial now than at any point in the last three decades. That's the conclusion of a new study out from the Brookings Institution, which looks at the rates of new business creation and destruction since 1978.
Not only that, but during the most recent three years of the study -- 2009, 2010 and 2011 -- businesses were collapsing faster than they were being formed, a first. Overall, new businesses creation (measured as the share of all businesses less than one year old) declined by about half from 1978 to 2011." http://www.weeklystandard.com/blogs/more-businesses-shutting-down-starting_791127.html


c. "Obama is the first President never to have had a year of 3% or better economic growth: "... annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years." President Obama's Growth Gap Hits $1.31 Trillion

"The years since 2007 have been a macroeconomic disaster for the United States of a magnitude unprecedented since the Great Depression." Obama: Always Wrong, Never In Doubt

".... first president since Hoover to never have a single year above 3% GDP growth." Obama economy is 'amazing,' says hedge fund billionaire




d. . "White House Press Secretary Josh Earnest said that 805,000 manufacturing jobs have been created since President Barack Obama has been in office. In fact, there has been a net loss of 303,000 manufacturing jobs since January 2009.... Manufacturing employment was 12,258,000 in October 2016, according to the most recent estimates from the U.S. Bureau of Labor Statistics. That’s down 303,000 from the number employed in January 2009, the same month that Obama was sworn in as president.
Obama's Record on Manufacturing Jobs - FactCheck.org


Not much of a record to 'beat.'

What sort of dunce would claim any of that as 'success'?
Raise your paw.

Tell the 770,000 people that were losing their jobs that it was "imaginary"
Tell retirees who lost half their nest egg of home value and stock funds that it was only their imagination
Tell it to auto workers who were on the verge of losing their jobs that it was all in their imagination

Retirees and newly negotiated home contracts don't compute. Why would someone approaching, or is at retirement, go and obtain a loan they can't afford? It's not like they're the same employed dolts who obtained these 'Too Good to Be True' loans'. Their income was likely dropping yet they still went and signed the binding contracts.

I have no sympathy for those who try and live above their means yet fall short.....fail

Just because someone wants to sell you a bridge does not mean you have to buy it

-Geaux
Please try to keep up

A retiree who was planning to sell his home and downsize, saw his home value drop by one third
Retirees that had a 401k saw its value drop by one half
 
Is it the Democrat policy recession to which you refer???
The one brought in by invading the private housing market???


I can help:

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.


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


That's the CliffNotes version.

I don't believe you can handle the details.

Let's see...

Obama saved us from the Great Bush Recession of 2008
More than DOUBLED the stock market
Added $50 Trillion to our nations wealth
Cut unemployment by over five percent

Let's see President Oompa Loompa match that


1. Obama saved us from an imaginary Great Recession, and accomplished the following:

a. "Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession
. ...the Census Bureau's Current Population Survey ....indicate that the real (inflation-adjusted) median annual household income in America has fallen by 4.4 percent during the "recovery," after having fallen by 1.8 during the recession.
http://www.weeklystandard.com/blogs...-during-recovery-during-recession_750068.html


b. "More Businesses Shutting Down than Starting Up
'Business deaths now exceed business births for the first time' in decades.
The American economy is less entrepreneurial now than at any point in the last three decades. That's the conclusion of a new study out from the Brookings Institution, which looks at the rates of new business creation and destruction since 1978.
Not only that, but during the most recent three years of the study -- 2009, 2010 and 2011 -- businesses were collapsing faster than they were being formed, a first. Overall, new businesses creation (measured as the share of all businesses less than one year old) declined by about half from 1978 to 2011." http://www.weeklystandard.com/blogs/more-businesses-shutting-down-starting_791127.html


c. "Obama is the first President never to have had a year of 3% or better economic growth: "... annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years." President Obama's Growth Gap Hits $1.31 Trillion

"The years since 2007 have been a macroeconomic disaster for the United States of a magnitude unprecedented since the Great Depression." Obama: Always Wrong, Never In Doubt

".... first president since Hoover to never have a single year above 3% GDP growth." Obama economy is 'amazing,' says hedge fund billionaire




d. . "White House Press Secretary Josh Earnest said that 805,000 manufacturing jobs have been created since President Barack Obama has been in office. In fact, there has been a net loss of 303,000 manufacturing jobs since January 2009.... Manufacturing employment was 12,258,000 in October 2016, according to the most recent estimates from the U.S. Bureau of Labor Statistics. That’s down 303,000 from the number employed in January 2009, the same month that Obama was sworn in as president.
Obama's Record on Manufacturing Jobs - FactCheck.org


Not much of a record to 'beat.'

What sort of dunce would claim any of that as 'success'?
Raise your paw.

Tell the 770,000 people that were losing their jobs that it was "imaginary"
Tell retirees who lost half their nest egg of home value and stock funds that it was only their imagination
Tell it to auto workers who were on the verge of losing their jobs that it was all in their imagination

Retirees and newly negotiated home contracts don't compute. Why would someone approaching, or is at retirement, go and obtain a loan they can't afford? It's not like they're the same employed dolts who obtained these 'Too Good to Be True' loans'. Their income was likely dropping yet they still went and signed the binding contracts.

I have no sympathy for those who try and live above their means yet fall short.....fail

Just because someone wants to sell you a bridge does not mean you have to buy it

-Geaux
Please try to keep up

A retiree who was planning to sell his home and downsize, saw his home value drop by one third
Retirees that had a 401k saw its value drop by one half
Retirees are no longer in 401K's, they have transferred that money into an IRA, and some of that may be in guaranteed annuities. And any retiree who had more than 50% or 60% of their money in the stock market during retirement blew it. They should have been between 30/70 and 60/40 stocks to bonds at that point in their lives.

Anyone near or in retirement who lost more than 10% to 15% in the Meltdown either (a) blew it, (b) had horrific advice, or (c) has enough that a larger loss doesn't matter, because they're still investing long term, even in retirement.
.
 
Is it the Democrat policy recession to which you refer???
The one brought in by invading the private housing market???


I can help:

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.


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


That's the CliffNotes version.

I don't believe you can handle the details.

Let's see...

Obama saved us from the Great Bush Recession of 2008
More than DOUBLED the stock market
Added $50 Trillion to our nations wealth
Cut unemployment by over five percent

Let's see President Oompa Loompa match that


1. Obama saved us from an imaginary Great Recession, and accomplished the following:

a. "Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession
. ...the Census Bureau's Current Population Survey ....indicate that the real (inflation-adjusted) median annual household income in America has fallen by 4.4 percent during the "recovery," after having fallen by 1.8 during the recession.
http://www.weeklystandard.com/blogs...-during-recovery-during-recession_750068.html


b. "More Businesses Shutting Down than Starting Up
'Business deaths now exceed business births for the first time' in decades.
The American economy is less entrepreneurial now than at any point in the last three decades. That's the conclusion of a new study out from the Brookings Institution, which looks at the rates of new business creation and destruction since 1978.
Not only that, but during the most recent three years of the study -- 2009, 2010 and 2011 -- businesses were collapsing faster than they were being formed, a first. Overall, new businesses creation (measured as the share of all businesses less than one year old) declined by about half from 1978 to 2011." http://www.weeklystandard.com/blogs/more-businesses-shutting-down-starting_791127.html


c. "Obama is the first President never to have had a year of 3% or better economic growth: "... annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years." President Obama's Growth Gap Hits $1.31 Trillion

"The years since 2007 have been a macroeconomic disaster for the United States of a magnitude unprecedented since the Great Depression." Obama: Always Wrong, Never In Doubt

".... first president since Hoover to never have a single year above 3% GDP growth." Obama economy is 'amazing,' says hedge fund billionaire




d. . "White House Press Secretary Josh Earnest said that 805,000 manufacturing jobs have been created since President Barack Obama has been in office. In fact, there has been a net loss of 303,000 manufacturing jobs since January 2009.... Manufacturing employment was 12,258,000 in October 2016, according to the most recent estimates from the U.S. Bureau of Labor Statistics. That’s down 303,000 from the number employed in January 2009, the same month that Obama was sworn in as president.
Obama's Record on Manufacturing Jobs - FactCheck.org


Not much of a record to 'beat.'

What sort of dunce would claim any of that as 'success'?
Raise your paw.

Tell the 770,000 people that were losing their jobs that it was "imaginary"
Tell retirees who lost half their nest egg of home value and stock funds that it was only their imagination
Tell it to auto workers who were on the verge of losing their jobs that it was all in their imagination

Retirees and newly negotiated home contracts don't compute. Why would someone approaching, or is at retirement, go and obtain a loan they can't afford? It's not like they're the same employed dolts who obtained these 'Too Good to Be True' loans'. Their income was likely dropping yet they still went and signed the binding contracts.

I have no sympathy for those who try and live above their means yet fall short.....fail

Just because someone wants to sell you a bridge does not mean you have to buy it

-Geaux
Please try to keep up

A retiree who was planning to sell his home and downsize, saw his home value drop by one third
Retirees that had a 401k saw its value drop by one half



Just imagine....if FDR hadn't imagined he was Joseph Stalin, and decided to invade the private home market.....it never would have happened.


But then you'd be mute.
 
Let's see...

Obama saved us from the Great Bush Recession of 2008
More than DOUBLED the stock market
Added $50 Trillion to our nations wealth
Cut unemployment by over five percent

Let's see President Oompa Loompa match that


1. Obama saved us from an imaginary Great Recession, and accomplished the following:

a. "Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession
. ...the Census Bureau's Current Population Survey ....indicate that the real (inflation-adjusted) median annual household income in America has fallen by 4.4 percent during the "recovery," after having fallen by 1.8 during the recession.
http://www.weeklystandard.com/blogs...-during-recovery-during-recession_750068.html


b. "More Businesses Shutting Down than Starting Up
'Business deaths now exceed business births for the first time' in decades.
The American economy is less entrepreneurial now than at any point in the last three decades. That's the conclusion of a new study out from the Brookings Institution, which looks at the rates of new business creation and destruction since 1978.
Not only that, but during the most recent three years of the study -- 2009, 2010 and 2011 -- businesses were collapsing faster than they were being formed, a first. Overall, new businesses creation (measured as the share of all businesses less than one year old) declined by about half from 1978 to 2011." http://www.weeklystandard.com/blogs/more-businesses-shutting-down-starting_791127.html


c. "Obama is the first President never to have had a year of 3% or better economic growth: "... annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years." President Obama's Growth Gap Hits $1.31 Trillion

"The years since 2007 have been a macroeconomic disaster for the United States of a magnitude unprecedented since the Great Depression." Obama: Always Wrong, Never In Doubt

".... first president since Hoover to never have a single year above 3% GDP growth." Obama economy is 'amazing,' says hedge fund billionaire




d. . "White House Press Secretary Josh Earnest said that 805,000 manufacturing jobs have been created since President Barack Obama has been in office. In fact, there has been a net loss of 303,000 manufacturing jobs since January 2009.... Manufacturing employment was 12,258,000 in October 2016, according to the most recent estimates from the U.S. Bureau of Labor Statistics. That’s down 303,000 from the number employed in January 2009, the same month that Obama was sworn in as president.
Obama's Record on Manufacturing Jobs - FactCheck.org


Not much of a record to 'beat.'

What sort of dunce would claim any of that as 'success'?
Raise your paw.

Tell the 770,000 people that were losing their jobs that it was "imaginary"
Tell retirees who lost half their nest egg of home value and stock funds that it was only their imagination
Tell it to auto workers who were on the verge of losing their jobs that it was all in their imagination

Retirees and newly negotiated home contracts don't compute. Why would someone approaching, or is at retirement, go and obtain a loan they can't afford? It's not like they're the same employed dolts who obtained these 'Too Good to Be True' loans'. Their income was likely dropping yet they still went and signed the binding contracts.

I have no sympathy for those who try and live above their means yet fall short.....fail

Just because someone wants to sell you a bridge does not mean you have to buy it

-Geaux
Please try to keep up

A retiree who was planning to sell his home and downsize, saw his home value drop by one third
Retirees that had a 401k saw its value drop by one half
Retirees are no longer in 401K's, they have transferred that money into an IRA, and some of that may be in guaranteed annuities. And any retiree who had more than 50% or 60% of their money in the stock market during retirement blew it. They should have been between 30/70 and 60/40 stocks to bonds at that point in their lives.

Anyone near or in retirement who lost more than 10% to 15% in the Meltdown either (a) blew it, (b) had horrific advice, or (c) has enough that a larger loss doesn't matter, because they're still investing long term, even in retirement.
.
My financial advisor still recomends heavy investment in stocks, even when retired. They are the only investment vehicle that still show any return.
Regardless, those retired or near retirement in 2008 saw heavy losses...as did we all
 
Let's see...

Obama saved us from the Great Bush Recession of 2008
More than DOUBLED the stock market
Added $50 Trillion to our nations wealth
Cut unemployment by over five percent

Let's see President Oompa Loompa match that


1. Obama saved us from an imaginary Great Recession, and accomplished the following:

a. "Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession
. ...the Census Bureau's Current Population Survey ....indicate that the real (inflation-adjusted) median annual household income in America has fallen by 4.4 percent during the "recovery," after having fallen by 1.8 during the recession.
http://www.weeklystandard.com/blogs...-during-recovery-during-recession_750068.html


b. "More Businesses Shutting Down than Starting Up
'Business deaths now exceed business births for the first time' in decades.
The American economy is less entrepreneurial now than at any point in the last three decades. That's the conclusion of a new study out from the Brookings Institution, which looks at the rates of new business creation and destruction since 1978.
Not only that, but during the most recent three years of the study -- 2009, 2010 and 2011 -- businesses were collapsing faster than they were being formed, a first. Overall, new businesses creation (measured as the share of all businesses less than one year old) declined by about half from 1978 to 2011." http://www.weeklystandard.com/blogs/more-businesses-shutting-down-starting_791127.html


c. "Obama is the first President never to have had a year of 3% or better economic growth: "... annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years." President Obama's Growth Gap Hits $1.31 Trillion

"The years since 2007 have been a macroeconomic disaster for the United States of a magnitude unprecedented since the Great Depression." Obama: Always Wrong, Never In Doubt

".... first president since Hoover to never have a single year above 3% GDP growth." Obama economy is 'amazing,' says hedge fund billionaire




d. . "White House Press Secretary Josh Earnest said that 805,000 manufacturing jobs have been created since President Barack Obama has been in office. In fact, there has been a net loss of 303,000 manufacturing jobs since January 2009.... Manufacturing employment was 12,258,000 in October 2016, according to the most recent estimates from the U.S. Bureau of Labor Statistics. That’s down 303,000 from the number employed in January 2009, the same month that Obama was sworn in as president.
Obama's Record on Manufacturing Jobs - FactCheck.org


Not much of a record to 'beat.'

What sort of dunce would claim any of that as 'success'?
Raise your paw.

Tell the 770,000 people that were losing their jobs that it was "imaginary"
Tell retirees who lost half their nest egg of home value and stock funds that it was only their imagination
Tell it to auto workers who were on the verge of losing their jobs that it was all in their imagination

Retirees and newly negotiated home contracts don't compute. Why would someone approaching, or is at retirement, go and obtain a loan they can't afford? It's not like they're the same employed dolts who obtained these 'Too Good to Be True' loans'. Their income was likely dropping yet they still went and signed the binding contracts.

I have no sympathy for those who try and live above their means yet fall short.....fail

Just because someone wants to sell you a bridge does not mean you have to buy it

-Geaux
Please try to keep up

A retiree who was planning to sell his home and downsize, saw his home value drop by one third
Retirees that had a 401k saw its value drop by one half



Just imagine....if FDR hadn't imagined he was Joseph Stalin, and decided to invade the private home market.....it never would have happened.


But then you'd be mute.

?
 
1. Obama saved us from an imaginary Great Recession, and accomplished the following:

a. "Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession
. ...the Census Bureau's Current Population Survey ....indicate that the real (inflation-adjusted) median annual household income in America has fallen by 4.4 percent during the "recovery," after having fallen by 1.8 during the recession.
http://www.weeklystandard.com/blogs...-during-recovery-during-recession_750068.html


b. "More Businesses Shutting Down than Starting Up
'Business deaths now exceed business births for the first time' in decades.
The American economy is less entrepreneurial now than at any point in the last three decades. That's the conclusion of a new study out from the Brookings Institution, which looks at the rates of new business creation and destruction since 1978.
Not only that, but during the most recent three years of the study -- 2009, 2010 and 2011 -- businesses were collapsing faster than they were being formed, a first. Overall, new businesses creation (measured as the share of all businesses less than one year old) declined by about half from 1978 to 2011." http://www.weeklystandard.com/blogs/more-businesses-shutting-down-starting_791127.html


c. "Obama is the first President never to have had a year of 3% or better economic growth: "... annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years." President Obama's Growth Gap Hits $1.31 Trillion

"The years since 2007 have been a macroeconomic disaster for the United States of a magnitude unprecedented since the Great Depression." Obama: Always Wrong, Never In Doubt

".... first president since Hoover to never have a single year above 3% GDP growth." Obama economy is 'amazing,' says hedge fund billionaire




d. . "White House Press Secretary Josh Earnest said that 805,000 manufacturing jobs have been created since President Barack Obama has been in office. In fact, there has been a net loss of 303,000 manufacturing jobs since January 2009.... Manufacturing employment was 12,258,000 in October 2016, according to the most recent estimates from the U.S. Bureau of Labor Statistics. That’s down 303,000 from the number employed in January 2009, the same month that Obama was sworn in as president.
Obama's Record on Manufacturing Jobs - FactCheck.org


Not much of a record to 'beat.'

What sort of dunce would claim any of that as 'success'?
Raise your paw.

Tell the 770,000 people that were losing their jobs that it was "imaginary"
Tell retirees who lost half their nest egg of home value and stock funds that it was only their imagination
Tell it to auto workers who were on the verge of losing their jobs that it was all in their imagination

Retirees and newly negotiated home contracts don't compute. Why would someone approaching, or is at retirement, go and obtain a loan they can't afford? It's not like they're the same employed dolts who obtained these 'Too Good to Be True' loans'. Their income was likely dropping yet they still went and signed the binding contracts.

I have no sympathy for those who try and live above their means yet fall short.....fail

Just because someone wants to sell you a bridge does not mean you have to buy it

-Geaux
Please try to keep up

A retiree who was planning to sell his home and downsize, saw his home value drop by one third
Retirees that had a 401k saw its value drop by one half
Retirees are no longer in 401K's, they have transferred that money into an IRA, and some of that may be in guaranteed annuities. And any retiree who had more than 50% or 60% of their money in the stock market during retirement blew it. They should have been between 30/70 and 60/40 stocks to bonds at that point in their lives.

Anyone near or in retirement who lost more than 10% to 15% in the Meltdown either (a) blew it, (b) had horrific advice, or (c) has enough that a larger loss doesn't matter, because they're still investing long term, even in retirement.
.
My financial advisor still recomends heavy investment in stocks, even when retired. They are the only investment vehicle that still show any return.
Regardless, those retired or near retirement in 2008 saw heavy losses...as did we all
It depends on the individual, as I said. A person can be 100% in stocks in retirement if they have enough to absorb a bear market. Most people are not in that position.

But anyone who lost enough that it affected them to any significant degree were too exposed to the market.
.
 
Tell the 770,000 people that were losing their jobs that it was "imaginary"
Tell retirees who lost half their nest egg of home value and stock funds that it was only their imagination
Tell it to auto workers who were on the verge of losing their jobs that it was all in their imagination

Retirees and newly negotiated home contracts don't compute. Why would someone approaching, or is at retirement, go and obtain a loan they can't afford? It's not like they're the same employed dolts who obtained these 'Too Good to Be True' loans'. Their income was likely dropping yet they still went and signed the binding contracts.

I have no sympathy for those who try and live above their means yet fall short.....fail

Just because someone wants to sell you a bridge does not mean you have to buy it

-Geaux
Please try to keep up

A retiree who was planning to sell his home and downsize, saw his home value drop by one third
Retirees that had a 401k saw its value drop by one half
Retirees are no longer in 401K's, they have transferred that money into an IRA, and some of that may be in guaranteed annuities. And any retiree who had more than 50% or 60% of their money in the stock market during retirement blew it. They should have been between 30/70 and 60/40 stocks to bonds at that point in their lives.

Anyone near or in retirement who lost more than 10% to 15% in the Meltdown either (a) blew it, (b) had horrific advice, or (c) has enough that a larger loss doesn't matter, because they're still investing long term, even in retirement.
.
My financial advisor still recomends heavy investment in stocks, even when retired. They are the only investment vehicle that still show any return.
Regardless, those retired or near retirement in 2008 saw heavy losses...as did we all
It depends on the individual, as I said. A person can be 100% in stocks in retirement if they have enough to absorb a bear market. Most people are not in that position.

But anyone who lost enough that it affected them to any significant degree were too exposed to the market.
.
I saw many who were on the verge of retirement in 2008 have to put off retirement
I also saw many retirees have to cut back their spending significantly
 
Retirees and newly negotiated home contracts don't compute. Why would someone approaching, or is at retirement, go and obtain a loan they can't afford? It's not like they're the same employed dolts who obtained these 'Too Good to Be True' loans'. Their income was likely dropping yet they still went and signed the binding contracts.

I have no sympathy for those who try and live above their means yet fall short.....fail

Just because someone wants to sell you a bridge does not mean you have to buy it

-Geaux
Please try to keep up

A retiree who was planning to sell his home and downsize, saw his home value drop by one third
Retirees that had a 401k saw its value drop by one half
Retirees are no longer in 401K's, they have transferred that money into an IRA, and some of that may be in guaranteed annuities. And any retiree who had more than 50% or 60% of their money in the stock market during retirement blew it. They should have been between 30/70 and 60/40 stocks to bonds at that point in their lives.

Anyone near or in retirement who lost more than 10% to 15% in the Meltdown either (a) blew it, (b) had horrific advice, or (c) has enough that a larger loss doesn't matter, because they're still investing long term, even in retirement.
.
My financial advisor still recomends heavy investment in stocks, even when retired. They are the only investment vehicle that still show any return.
Regardless, those retired or near retirement in 2008 saw heavy losses...as did we all
It depends on the individual, as I said. A person can be 100% in stocks in retirement if they have enough to absorb a bear market. Most people are not in that position.

But anyone who lost enough that it affected them to any significant degree were too exposed to the market.
.
I saw many who were on the verge of retirement in 2008 have to put off retirement
I also saw many retirees have to cut back their spending significantly
Well, a lot of people need a good financial advisor.

:rock:
.
 
1. Obama saved us from an imaginary Great Recession, and accomplished the following:

a. "Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession
. ...the Census Bureau's Current Population Survey ....indicate that the real (inflation-adjusted) median annual household income in America has fallen by 4.4 percent during the "recovery," after having fallen by 1.8 during the recession.
http://www.weeklystandard.com/blogs...-during-recovery-during-recession_750068.html


b. "More Businesses Shutting Down than Starting Up
'Business deaths now exceed business births for the first time' in decades.
The American economy is less entrepreneurial now than at any point in the last three decades. That's the conclusion of a new study out from the Brookings Institution, which looks at the rates of new business creation and destruction since 1978.
Not only that, but during the most recent three years of the study -- 2009, 2010 and 2011 -- businesses were collapsing faster than they were being formed, a first. Overall, new businesses creation (measured as the share of all businesses less than one year old) declined by about half from 1978 to 2011." http://www.weeklystandard.com/blogs/more-businesses-shutting-down-starting_791127.html


c. "Obama is the first President never to have had a year of 3% or better economic growth: "... annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years." President Obama's Growth Gap Hits $1.31 Trillion

"The years since 2007 have been a macroeconomic disaster for the United States of a magnitude unprecedented since the Great Depression." Obama: Always Wrong, Never In Doubt

".... first president since Hoover to never have a single year above 3% GDP growth." Obama economy is 'amazing,' says hedge fund billionaire




d. . "White House Press Secretary Josh Earnest said that 805,000 manufacturing jobs have been created since President Barack Obama has been in office. In fact, there has been a net loss of 303,000 manufacturing jobs since January 2009.... Manufacturing employment was 12,258,000 in October 2016, according to the most recent estimates from the U.S. Bureau of Labor Statistics. That’s down 303,000 from the number employed in January 2009, the same month that Obama was sworn in as president.
Obama's Record on Manufacturing Jobs - FactCheck.org


Not much of a record to 'beat.'

What sort of dunce would claim any of that as 'success'?
Raise your paw.

Tell the 770,000 people that were losing their jobs that it was "imaginary"
Tell retirees who lost half their nest egg of home value and stock funds that it was only their imagination
Tell it to auto workers who were on the verge of losing their jobs that it was all in their imagination

Retirees and newly negotiated home contracts don't compute. Why would someone approaching, or is at retirement, go and obtain a loan they can't afford? It's not like they're the same employed dolts who obtained these 'Too Good to Be True' loans'. Their income was likely dropping yet they still went and signed the binding contracts.

I have no sympathy for those who try and live above their means yet fall short.....fail

Just because someone wants to sell you a bridge does not mean you have to buy it

-Geaux
Please try to keep up

A retiree who was planning to sell his home and downsize, saw his home value drop by one third
Retirees that had a 401k saw its value drop by one half



Just imagine....if FDR hadn't imagined he was Joseph Stalin, and decided to invade the private home market.....it never would have happened.


But then you'd be mute.

?

"?"


Hands down, the far-and-away, most insightful post your have ever authored.


Congrats!
 
Tell the 770,000 people that were losing their jobs that it was "imaginary"
Tell retirees who lost half their nest egg of home value and stock funds that it was only their imagination
Tell it to auto workers who were on the verge of losing their jobs that it was all in their imagination

Retirees and newly negotiated home contracts don't compute. Why would someone approaching, or is at retirement, go and obtain a loan they can't afford? It's not like they're the same employed dolts who obtained these 'Too Good to Be True' loans'. Their income was likely dropping yet they still went and signed the binding contracts.

I have no sympathy for those who try and live above their means yet fall short.....fail

Just because someone wants to sell you a bridge does not mean you have to buy it

-Geaux
Please try to keep up

A retiree who was planning to sell his home and downsize, saw his home value drop by one third
Retirees that had a 401k saw its value drop by one half



Just imagine....if FDR hadn't imagined he was Joseph Stalin, and decided to invade the private home market.....it never would have happened.


But then you'd be mute.

?

"?"


Hands down, the far-and-away, most insightful post your have ever authored.


Congrats!
About what your posts deserve
 
Retirees and newly negotiated home contracts don't compute. Why would someone approaching, or is at retirement, go and obtain a loan they can't afford? It's not like they're the same employed dolts who obtained these 'Too Good to Be True' loans'. Their income was likely dropping yet they still went and signed the binding contracts.

I have no sympathy for those who try and live above their means yet fall short.....fail

Just because someone wants to sell you a bridge does not mean you have to buy it

-Geaux
Please try to keep up

A retiree who was planning to sell his home and downsize, saw his home value drop by one third
Retirees that had a 401k saw its value drop by one half



Just imagine....if FDR hadn't imagined he was Joseph Stalin, and decided to invade the private home market.....it never would have happened.


But then you'd be mute.

?

"?"


Hands down, the far-and-away, most insightful post your have ever authored.


Congrats!
About what your posts deserve


I tried to compliment the improvement.....

See.....now you went and ruined it.
 
Now, about that Obama 'Legacy'.....

"Democrats open to replacing Obamacare

Senate Democrats will never vote to repeal Obamacare. But once the deed is done, a surprising number of them say they’re open to helping Republicans replace it.

“If it makes sense, I think there’ll be a lot of Democrats who would be for it,” said Sen. Claire McCaskill (D-Mo.).

As Republicans aim to make good on their years-long vow to quash Obamacare and replace it with their own health care vision, they’ll have to do something Democrats were never able to: Bring members of the opposing party on board. Enacting any substantive alternative will take at least eight Democratic votes in the Senate."
Democrats open to replacing Obamacare
 
Being bookended by two of the worst Presidents ever elected, Bush and Trump, Obama can be sure his legacy will be protected
 

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