The President with the worst average unemployment rate since World War II is?

[healthmyths]

It's rather strange that you fault Bush when it was Jimmy Carter's CRA, clinton's additions to it, and a Democrat controlled Congress that dismissed GOP warnings that the housing market was about to collapse that caused the recession.

More strange is the fact that Bush is not responsible for anything bad that happened while he was president, 9/11, the housing crash, etc., let alone the after effects one day after he left office, but Carter is responsible 25 years after he left office and Clinton 10 years after he left office for everything bad that happened during Bush's fiasco!!!!!!!

BTW, it was the GOP controlled congress that blocked and dismissed all legislation related to the GOP's "warnings." Once the Dems took control they passed reform legislation.

The CRA that started the meltdown was Carter's pet project. bill clinton expanded it and Democrats, most notably Barney Franks, dismissed warnings. Yes I blame it on Carter and clinton. THEIR legislation blew up the economy and Democrats were in control of Congress when the defecation was about to hit the whirling blades.
Nothing strange about it at all except the fact that Democrats continually create catastrophes that they use against the adults across the aisle.

CRA had nothing to do with Bush's housing crash, and Frank was a POWERLESS minority congressman when the GOP majority blocked all reform bills in committee except one which the GOP controlled Senate refused to bring up for a vote. Bush and the GOP own the housing crash, lock, stock and barrel.

Wrong again.

Actually your video proves me right, in spite of FAUX News' attempts to lie by telling just enough truth to deceive and then shutting up.

If you pay attention they quote Frank in 2003 speaking against regulation, and then FOX said "the legislation was blocked." But FOX of course left outv that it was the GOP controlled the House and the committee that reviewed the legislation and blocked it, Frank was a powerless minority member at the time, and FOX's Britt Hume then tried to make it seem like the powerless at the time Frank blocked the bill in 2003 by pointing out that Frank was now, in 2008, the time of the FAUX report, the committee chairman.

Also near the end of your clip Hume also confirms that the ONLY House bill that was not blocked by the GOP majority in committee was blocked by the GOP majority leader in the Senate Bill Frist by not ever bringing it up for a vote, but Hume tried to blame powerless minority senator Obama by saying he made no comment on the bill.

So thank you for posting a video that proves what I highlighted in my post!!!!!

Maybe you should ask Barney what he meant when he said this:

Remember the housing bubble started under Clinton and was made worse by the Democrats who refused to as Dodd/Frank said:
Many prominent Democrats, including House Finance Chairman Barney Frank, opposed any legislation correcting the risks posed by GSEs.
* House Financial Services Committee Chairman Barney Frank (D-MA) criticized the President's warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis .
The more people exaggerate these problems, the more pressure there is on these companies, the less we will
see in terms of affordable housing."...
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae,"
New York Times, 9/11/03)

* Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd also
ignored the President's warnings and called on him to "immediately reconsider his ill-advised"
position. Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze
Is Rejected, As Critics Complain Of Opportunism," New York Times, 8/11/07)
http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle

AND then Frank admitted he was totally wrong.....2 years LATER!!!

And who admitted his ERROR???

Barney FRANK!

Barney Frank Comes Home to the Facts
By Larry Kudlow August 21, 2010
Can you teach an old dog new tricks? In politics, the answer is usually no. Most elected officials cling to their ideological biases, despite the real-world facts that disprove their theories time and again. Most have no common sense, and most never acknowledge that they were wrong.
But one huge exception to this rule is Democrat Barney Frank, chairman of the House Financial Services Committee.
For years, Frank was a staunch supporter of Fannie Mae and Freddie Mac, the giant government housing agencies that played such an enormous role in the financial meltdown that thrust the economy into the Great Recession.
But in a recent CNBC interview, Frank told me that he was ready to say goodbye to Fannie and Freddie.
"I hope by next year we'll have abolished Fannie and Freddie," he said. Remarkable. And he went on to say that "it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it." He then added,
"I had been too sanguine about Fannie and Freddie."
Barney Frank admits truth about Fannie

Please refute the facts with quotes as I've done!

 

[edthecynic]

More strange is the fact that Bush is not responsible for anything bad that happened while he was president, 9/11, the housing crash, etc., let alone the after effects one day after he left office, but Carter is responsible 25 years after he left office and Clinton 10 years after he left office for everything bad that happened during Bush's fiasco!!!!!!!

BTW, it was the GOP controlled congress that blocked and dismissed all legislation related to the GOP's "warnings." Once the Dems took control they passed reform legislation.

The CRA that started the meltdown was Carter's pet project. bill clinton expanded it and Democrats, most notably Barney Franks, dismissed warnings. Yes I blame it on Carter and clinton. THEIR legislation blew up the economy and Democrats were in control of Congress when the defecation was about to hit the whirling blades.
Nothing strange about it at all except the fact that Democrats continually create catastrophes that they use against the adults across the aisle.

CRA had nothing to do with Bush's housing crash, and Frank was a POWERLESS minority congressman when the GOP majority blocked all reform bills in committee except one which the GOP controlled Senate refused to bring up for a vote. Bush and the GOP own the housing crash, lock, stock and barrel.

Wrong again.

Actually your video proves me right, in spite of FAUX News' attempts to lie by telling just enough truth to deceive and then shutting up.

If you pay attention they quote Frank in 2003 speaking against regulation, and then FOX said "the legislation was blocked." But FOX of course left outv that it was the GOP controlled the House and the committee that reviewed the legislation and blocked it, Frank was a powerless minority member at the time, and FOX's Britt Hume then tried to make it seem like the powerless at the time Frank blocked the bill in 2003 by pointing out that Frank was now, in 2008, the time of the FAUX report, the committee chairman.

Also near the end of your clip Hume also confirms that the ONLY House bill that was not blocked by the GOP majority in committee was blocked by the GOP majority leader in the Senate Bill Frist by not ever bringing it up for a vote, but Hume tried to blame powerless minority senator Obama by saying he made no comment on the bill.

So thank you for posting a video that proves what I highlighted in my post!!!!!

Maybe you should ask Barney what he meant when he said this:

Remember the housing bubble started under Clinton and was made worse by the Democrats who refused to as Dodd/Frank said:
Many prominent Democrats, including House Finance Chairman Barney Frank, opposed any legislation correcting the risks posed by GSEs.
* House Financial Services Committee Chairman Barney Frank (D-MA) criticized the President's warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis .
The more people exaggerate these problems, the more pressure there is on these companies, the less we will
see in terms of affordable housing."...
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae,"
New York Times, 9/11/03)

* Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd also
ignored the President's warnings and called on him to "immediately reconsider his ill-advised"
position. Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze
Is Rejected, As Critics Complain Of Opportunism," New York Times, 8/11/07)
http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle

AND then Frank admitted he was totally wrong.....2 years LATER!!!

And who admitted his ERROR???

Barney FRANK!

Barney Frank Comes Home to the Facts
By Larry Kudlow August 21, 2010
Can you teach an old dog new tricks? In politics, the answer is usually no. Most elected officials cling to their ideological biases, despite the real-world facts that disprove their theories time and again. Most have no common sense, and most never acknowledge that they were wrong.
But one huge exception to this rule is Democrat Barney Frank, chairman of the House Financial Services Committee.
For years, Frank was a staunch supporter of Fannie Mae and Freddie Mac, the giant government housing agencies that played such an enormous role in the financial meltdown that thrust the economy into the Great Recession.
But in a recent CNBC interview, Frank told me that he was ready to say goodbye to Fannie and Freddie.
"I hope by next year we'll have abolished Fannie and Freddie," he said. Remarkable. And he went on to say that "it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it." He then added,
"I had been too sanguine about Fannie and Freddie."
Barney Frank admits truth about Fannie

Please refute the facts with quotes as I've done!

Your source is pushing the same lie that FOX did in the video, making it appear that Frank was committee chairman in 2003 when he was actually a powerless minority congressman on the financial services committee that the GOP had a 4 vote majority, 37 R, 32 D, 1Ind. It was the GOP House majority who killed all reform bills in committee except one which GOP Senate majority leader Frist refused to bring to the floor for a vote in 2005. So you can mindlessly blame Frank all you want, as you have been programmed to do, but it was the GOP who killed all reform in spite of all their complaining about Fannie and Freddie.

http://archives.financialservices.house.gov/media/pdf/108members.pdf

 

[Faun]

More demented conservative nonsense.

The problem started under Bush...

So the $19 trillion problem WASN"T all GWB's fault and you now have to settle for a unsupported argument that it ALL started under GWB???

READ below the efforts and keep in mind what Barney Frank said...after the debacle!!!
"I hope by next year we'll have abolished Fannie and Freddie," he said. Remarkable. And he went on to say that "it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it." He then added,
"I had been too sanguine about Fannie and Freddie."
Barney Frank admits truth about Fannie

The problem DIDN"T start with GWB! GWB warned Congress to act 22 times over 6 years and to no avail!
"Over six years, the President and his Administration have not only warned of the systemic consequences of failure to reform GSEs but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. In fact, it was Congress that flatly rejected President Bush's call more than five years ago to reform the GSEs. Over the years, the President's repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems with the GSEs.

2001
April: The Administration's FY02 budget declares that the size of Fannie Mae and Freddie Mac is "a potential problem," because "financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity." (2002 Budget Analytic Perspectives, pg. 142)

2002
May: The Office of Management and Budget (OMB) calls for the disclosure and corporate governance principles contained in the President's 10-point plan for corporate responsibility to apply to Fannie Mae and Freddie Mac. (OMB Prompt Letter to OFHEO, 5/29/02)

2003
February: The Office of Federal Housing Enterprise Oversight (OFHEO) releases a report explaining that unexpected problems at a GSE could immediately spread into financial sectors beyond the housing market.
September: Then-Treasury Secretary John Snow testifies before the House Financial Services Committee to recommend that Congress enact "legislation to create a new Federal agency to regulate and supervise the financial activities of our housing-related government sponsored enterprises" and set prudent and appropriate minimum capital adequacy requirements.
September: Then-House Financial Services Committee Ranking Member Barney Frank (D-MA) strongly disagrees with the Administration's assessment, saying "these two entities – Fannie Mae and Freddie Mac – are not facing any kind of financial crisis … The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing." (Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae," The New York Times, 9/11/03)
October: Senator Thomas Carper (D-DE) refuses to acknowledge any necessity for GSE reforms, saying "if it ain't broke, don't fix it." (Sen. Carper, Hearing of Senate Committee on Banking, Housing, and Urban Affairs, 10/16/03)
November: Then-Council of the Economic Advisers (CEA) Chairman Greg Mankiw explains that any "legislation to reform GSE regulation should empower the new regulator with sufficient strength and credibility to reduce systemic risk." To reduce the potential for systemic instability, the regulator would have "broad authority to set both risk-based and minimum capital standards" and "receivership powers necessary to wind down the affairs of a troubled GSE." (N. Gregory Mankiw, Remarks At The Conference Of State Bank Supervisors State Banking Summit And Leadership, 11/6/03)

2004
February: The President's FY05 Budget again highlights the risk posed by the explosive growth of the GSEs and their low levels of required capital and calls for creation of a new, world-class regulator: "The Administration has determined that the safety and soundness regulators of the housing GSEs lack sufficient power and stature to meet their responsibilities, and therefore … should be replaced with a new strengthened regulator." (2005 Budget Analytic Perspectives, pg. 83)
February: Then-CEA Chairman Mankiw cautions Congress to "not take [the financial market's] strength for granted." Again, the call from the Administration was to reduce this risk by "ensuring that the housing GSEs are overseen by an effective regulator." (N. Gregory Mankiw, Op-Ed, "Keeping Fannie And Freddie's House In Order," Financial Times, 2/24/04)
April: Rep. Frank ignores the warnings, accusing the Administration of creating an "artificial issue." At a speech to the Mortgage Bankers Association conference, Rep. Frank said "people tend to pay their mortgages. I don't think we are in any remote danger here. This focus on receivership, I think, is intended to create fears that aren't there." ("Frank: GSE Failure A Phony Issue," American Banker, 4/21/04)
June: Then-Treasury Deputy Secretary Samuel Bodman spotlights the risk posed by the GSEs and calls for reform, saying "We do not have a world-class system of supervision of the housing government sponsored enterprises (GSEs), even though the importance of the housing financial system that the GSEs serve demands the best in supervision to ensure the long-term vitality of that system. Therefore, the Administration has called for a new, first class, regulatory supervisor for the three housing GSEs: Fannie Mae, Freddie Mac, and the Federal Home Loan Banking System." (Samuel Bodman, House Financial Services Subcommittee on Oversight and Investigations Testimony, 6/16/04)

2005
April: Then-Secretary Snow repeats his call for GSE reform, saying "Events that have transpired since I testified before this Committee in 2003 reinforce concerns over the systemic risks posed by the GSEs and further highlight the need for real GSE reform to ensure that our housing finance system remains a strong and vibrant source of funding for expanding homeownership opportunities in America … Half-measures will only exacerbate the risks to our financial system." (Secretary John W. Snow, "Testimony Before The U.S. House Financial Services Committee," 4/13/05)
July: Then-Minority Leader Harry Reid rejects legislation reforming GSEs, "while I favor improving oversight by our federal housing regulators to ensure safety and soundness, we cannot pass legislation that could limit Americans from owning homes and potentially harm our economy in the process." ("Dems Rip New Fannie Mae Regulatory Measure," United Press International, 7/28/05)

2007
August: President Bush emphatically calls on Congress to pass a reform package for Fannie Mae and Freddie Mac, saying "first things first when it comes to those two institutions. Congress needs to get them reformed, get them streamlined, get them focused, and then I will consider other options." (President George W. Bush, Press Conference, the White House, 8/9/07)
August: Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd ignores the President's warnings and calls on him to "immediately reconsider his ill-advised" position. (Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze Is Rejected, As Critics Complain Of Opportunism," The New York Times, 8/11/07)
December: President Bush again warns Congress of the need to pass legislation reforming GSEs, saying "These institutions provide liquidity in the mortgage market that benefits millions of homeowners, and it is vital they operate safely and operate soundly. So I've called on Congress to pass legislation that strengthens independent regulation of the GSEs – and ensures they focus on their important housing mission. The GSE reform bill passed by the House earlier this year is a good start. But the Senate has not acted. And the United States Senate needs to pass this legislation soon." (President George W. Bush, Discusses Housing, the White House, 12/6/07)

2008
February: Assistant Treasury Secretary David Nason reiterates the urgency of reforms, saying "A new regulatory structure for the housing GSEs is essential if these entities are to continue to perform their public mission successfully." (David Nason, Testimony On Reforming GSE Regulation, Senate Committee On Banking, Housing And Urban Affairs, 2/7/08)
March: President Bush calls on Congress to take action and "move forward with reforms on Fannie Mae and Freddie Mac. They need to continue to modernize the FHA, as well as allow State housing agencies to issue tax-free bonds to homeowners to refinance their mortgages." (President George W. Bush, Remarks To The Economic Club Of New York, New York, NY, 3/14/08)
April: President Bush urges Congress to pass the much needed legislation and "modernize Fannie Mae and Freddie Mac. [There are] constructive things Congress can do that will encourage the housing market to correct quickly by … helping people stay in their homes." (President George W. Bush, Meeting With Cabinet, the White House, 4/14/08)
May: President Bush issues several pleas to Congress to pass legislation reforming Fannie Mae and Freddie Mac before the situation deteriorates further.
"Americans are concerned about making their mortgage payments and keeping their homes. Yet Congress has failed to pass legislation I have repeatedly requested to modernize the Federal Housing Administration that will help more families stay in their homes, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow state housing agencies to issue tax-free bonds to refinance sub-prime loans." (President George W. Bush, Radio Address, 5/3/08)
"[T]he government ought to be helping creditworthy people stay in their homes. And one way we can do that – and Congress is making progress on this – is the reform of Fannie Mae and Freddie Mac. That reform will come with a strong, independent regulator." (President George W. Bush, Meeting With The Secretary Of The Treasury, the White House, 5/19/08)
"Congress needs to pass legislation to modernize the Federal Housing Administration, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance subprime loans." (President George W. Bush, Radio Address, 5/31/08)
June: As foreclosure rates continued to rise in the first quarter, the President once again asks Congress to take the necessary measures to address this challenge, saying "we need to pass legislation to reform Fannie Mae and Freddie Mac." (President George W. Bush, Remarks At Swearing In Ceremony For Secretary Of Housing And Urban Development, Washington, D.C., 6/6/08)
July: Congress heeds the President's call for action and passes reform legislation for Fannie Mae and Freddie Mac as it becomes clear that the institutions are failing.
September: Democrats in Congress forget their previous objections to GSE reforms, as Senator Dodd questions "why weren't we doing more, why did we wait almost a year before there were any significant steps taken to try to deal with this problem? … I have a lot of questions about where was the administration over the last eight years." (Dawn Kopecki, "Fannie Mae, Freddie 'House Of Cards' Prompts Takeover," Bloomberg, 9/9/08)
Setting the Record Straight: Six Years of Unheeded Warnings for GSE Reform

LOL

Everything you posted occurred under Bush's regime.

Great Bush Recession.

But again, he had help... "Thanks to OUR policies, home ownership in America is at an all-time high!" ~ George Bush, 2004 RNC acceptance speech

And blaming Barney Frank is beyond rightarded.

Though he was wrong on the issue, he was harmless as one member of the minority party in the House. Republicans were in charge. Sorry reality sucks for you conservatives.

YES these EVENTS did occur under GWB. NO QUESTION.
But only Idiots like you put the entire blame for these events on GWB!

Well here is $8 trillion losses due to dot.com bust. Was that GWB's fault???
America Is Its Own Worst Enemy - Trapped In Irrational Exuberance | Zero Hedge
leaves $11.2 trillion.
WTC 9/11 cost 3,000 lives, $2 trillion in lost businesses,market values assets. How was that GWB's fault?
18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source: Events That Rocked the Financial World
Leaves $9.2 trillion!
$1 trillion in losses due to the WORST Hurricane SEASONS in history. 2,215 lives lost.
Costliest U.S. Weather Disasters | Weather Underground
Unlike idiots like you and most of the MSM who like Evan Thomas EDITOR of NewsWeek who said of Obama:
"I mean in a way Obama’s standing above the country, above – above the world, he’s sort of God."

GWB IS NO God and couldn't control the weather... but idiots like you and even Obama who thought himself to be deity when on his nomination he said:
This was the moment when the rise of the oceans began to slow and our planet began to heal."
Is Barack Obama the Messiah?: "this was the moment when the rise of the oceans began to slow and our planet began to heal ..."

leaves $8.2 Trillion!
Much of the lost household wealth came from declines in the value of real estate, which dropped $6 trillion, or nearly 30% of its value, from the end of 2006 to the end of last year [2010]. And after posting modest gains in 2009 and the first half of 2010, the value of homes started to fall again in mid-2010.
America's lost trillions

Now that leaves $2.2 Trillion. A LONG,LONG way from the $19.2 Trillion idiots like you say was all GWB's fault!

I at least will agree. $2.2 trillion of the loss of $19.2 trillion can be attributed to GWB's lack of attention to the housing bubble... EVEN
though he tried to reign in Fannie/Freddie (AS FRANK admits should have been!)
But dummies like you can't even admit you are off by 90% in that stupid $19 trillion blame on GWB!
Again recession admittedly by the NBER started way earlier then the official 3/1/01 date..
"It is clear that the revised data have made our original March date for the start of the recession much too late. We are still waiting for additional monthly data before making a final judgment. Until we have the additional data, we cannot make a decision."[5]
Early 2000s recession - Wikipedia
And the $8 trillion in dot.com bust...America Is Its Own Worst Enemy - Trapped In Irrational Exuberance | Zero Hedge
And the $2 trillion in WTC 9/11 that cost 3,000 lives, $2 trillion in lost businesses,market values assets.
18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source: Events That Rocked the Financial World
And the $1 trillion in hurricanes...Costliest U.S. Weather Disasters | Weather Underground

But of course idiots like you that believe Obama is a god...Is Barack Obama the Messiah?: "this was the moment when the rise of the oceans began to slow and our planet began to heal ..."
blame GWB for these events? Of course you do. If you believe Obama is a God, then what was GWB if he was to blame for the above events?

Still not even close to the $29 trillion Bush's Great Recession cost us.

EXPLAIN to me how you come up with any credibility when you willy-nilly spout out NOTHING with ANY Proof!!!

YOU know any dummy can come up with a figure! Where in the hell DUMMY did you come up with $29 TRILLION????
Give me links. Proof that the so-called recession that has been directly linked to the

Many factors directly and indirectly caused the Great Recession (which started in 2007 with the US subprime mortgage crisis), with experts and economists placing different weights on particular causes.

Major causes of the initial subprime mortgage crisis and following recession include: International trade imbalances and lax lending standards contributing to high levels of developed country household debt and real-estate bubbles that have since burst; U.S. government housing policies; and limited regulation of non-depository financial institutions. Once the recession began, various responses were attempted with different degrees of success. These included fiscal policies of governments; monetary policies of central banks; measures designed to help indebted consumers refinance their mortgage debt; and inconsistent approaches used by nations to bail out troubled banking industries and private bondholders, assuming private debt burdens or socializing losses.
Causes of the Great Recession - Wikipedia

HOW does the cause of your phony $29 Trillion fall at the feet of GWB???
NOW dummy where is the proof to counter this statement:
TARP which was part of Bush's deficits was entirely paid back with a profit!

Bailout Scorecard | Eye on the Bailout | ProPublica

DEBT responsibility to GWB $622.5B
DEBT PAID back to Obama $698.3B
Net Profit credited to Obama's budget $75.8B
http://www.whitehouse.gov/omb/budget/Historicals
YET Obama even with this additional $698.3 Billion paid back Obama RACKED UP these DEFICITS!
[*]Year Receipts Outlays Surplus or Deficit (–)
[*]2000 2,025,191 1,788,950 236,241
[*]2001 1,991,082 1,862,846 128,236 Dot.com Bust, 9/11, Recession
[*]2002 1,853,136 2,010,894 -157,758
[*]2003 1,782,314 2,159,899 -377,585 tax cuts took affect worst hurricanes SEASONS in history
[*]2004 1,880,114 2,292,841 -412,727 biggest deficit..,, worst hurricanes SEASONS in history
[*]2005 2,153,611 2,471,957 -318,346 deficit decline,,worst hurricanes SEASONS in history
[*]2006 2,406,869 2,655,050 -248,181 deficit decline,,worst hurricanes SEASONS in history
[*]2007 2,567,985 2,728,686 -160,701 deficit decline
[*]2008 2,523,991 2,982,544 -458,553 housing bubble
[*]2009 2,104,989 3,517,677 -1,412,688 TARP,Stimulus

[*]2010 2,162,706 3,457,079 -1,294,373 This doesn't look like $600 billion deficit???
[*]2011 2,303,466 3,603,059 -1,299,593 This doesn't look like $600 billion deficit???
[*]2012 2,450,164 3,537,127 -1,086,963 This doesn't look like $600 billion deficit???
[*]2013 2,712,045 3,684,947 -972,902 estimate
[*]2014 3,033,618 3,777,807 -744,189 estimate
[*]2015 3,331,685 3,908,157 -576,472 estimate
[*]2016 3,561,451 4,089,836 -528,385 estimate
[*]2017 3,760,542 4,247,448 -486,906 estimate
[*]2018 3,973,974 4,449,240 -475,266 estimate
[/LIST]
View attachment 110517

$30 trillion just in lost household wealth and lost stock market wealth...

America's lost trillions

Dow hits new record, regaining losses from Great Recession

 

[my2¢]

Considering he was given an economy losing 700k jobs/month and he turned it around in 9 months, at which point UE was at 10.3%, the pub outlook is gibberish.

No country is doing better than us NOW and they're waiting for us to pull them out of this gigantic Pub mess, if the Pubs would allow it, TOTAL DUPE of gloom and doom a-holes...We had 2.5% growth last year, with the Pubs and ignorant dupes fekking things up and moaning all the way. PFFFT!!

Bush was also handed an economy headed into a recession. Furthermore, the issue was compounded by 9/11.

No one feels any sympathy for Obama.

No sympathy remains after the jug went dry being used up for George W.

 

[Faun]

You are not given a failing grade point average in your Freshman year....Obama was

Oh you can be which is why students have to repeat that grade if its High School or drop out of University if were talking about college. Obama gets to remain all four years no matter how bad he does.

7.8% to 4.6% is your idea of how bad he did.

In reality, that 3.2 point drop is the biggest since WWII

Bureau of Labor Statistics Data


average annualized job growth...

Clinton	2,861,000 ​
Carter	2,586,000 ​
Johnson	2,358,000 ​
Reagan	2,016,000 ​
Roosevelt	1,819,000 ​
Nixon	1,644,000 ​
Obama	1,413,830 ​
Kennedy	1,261,000 ​
Truman	1,123,000 ​
Ford	861,000 ​
GHW Bush	659,000 ​
Eisenhower	442,000 ​
Bush	160,000 ​

[TBODY] [/TBODY]

Bush spent most of his 96 months at or near full employment. Its harder to create new jobs when the economy is at full employment.

Ummm... Bush averaged a little over 13 thousand jobs per month. The worst performance on record since Herbert Hoover.

AND BUSH had these events that NOT ONE of the above Presidents ever faced at the SAME 8 YEARS...
Recessions, wars, BUT NOTHING to equate with THESE EVENTS!

A) Recession started as the NBER said...much earlier then 3/01 so how in the hell could GWB with just 3 months into office be at fault?
B) Dot.com bust... again... starting under Clinton but blamed on Bush???
The collapse of the bubble took place during 1999–2001 Dot-com bubble - Wikipedia
AGAIN GWB entire fault for $8 trillion in market losses?
C) WTC/Pentagon... 9/11 all Bush's fault? So tell me again GWB totally at fault for Gorelick memo which prevented CIA from sharing with FBI 9/11 bombers? Bush not god for sure! $2 trillion in losses... 3,000 lives.... again GWB FAULT???
D) Anthrax attack right after 9/11 was this done by GWB???
E) Worst hurricane SEASONS not just hurricane... again $1 trillion losses... 2,215 lives and are you faulting GWB for not being like Obama
as Thomas and you and others declared "like a God"???
F) 9/18/08 Economic terrorist attack with $500 billion taken out of $4 trillion Money market that CAUSED everyone to be concerned
about the WORLD's economy collapsing!

And of course the housing bubble... again...
With Frank/Dodd chastising GWB for trying over SIX YEARS to control Fannie/Freddie and later this is what Frank later said:...
"I hope by next year we'll have abolished Fannie and Freddie," he said. Remarkable. And he went on to say that "it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it." He then added,
"I had been too sanguine about Fannie and Freddie."
Barney Frank Comes Home to the Facts | RealClearPolitics
So again in summary... YOU and your idiot buddies love to blame Bush.... YET the facts and history totally refute your common lemming like
meme that you and even some dumb GOPs state... "Bush spent like a drunken sailor"!!
NOTE if Bush spent like a drunken sailor why do the FACTS in LIGHT of the ABOVE demands... say otherwise?
YET in spite of these gigantic cataclysmic events Bush had:
a) 400,000 jobs lost due to Hurricanes Katrina/Rita ,
b) 2,800,000 jobs lost in alone due to 9/11,
c) 300,000 jobs lost due to dot.com busts... In spite of nearly $8 trillion in lost businesses, market values, destroyed property..
IN SPITE of that:
2002 $157.8 billion deficit.. also 9/11 occurred and tax revenues lowered for years later due to dot.com/9-11 losses against revenue.
2003 $377.6 billion deficit.. BRAND new cabinet Homeland Security, plus loans made to businesses.. again tax revenues down..affect of 9/11
2004 $412.7 billion deficit.. Revenues up by 5.5% spending increased BUT economy coming back.
2005 $318.3 billion deficit.. revenues up by 14.5% deficit decreasing at rate of 22% again tax cuts at play!
2006 $248.2 billion deficit.. revenues up by 11.7% deficit decrease 22%
2007 $160.7 billion deficit.. revenues up by 6.7% deficit decrease 35%
2008 $458.6 billion deficit.. revenues down and deficit INCREASED due TARP loan mostly...
http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=20
BUT Obama benefited by TARP being totally repaid WITH A PROFIT!!!
Bailout Scorecard | Eye on the Bailout | ProPublica

Pales in comparison to the $30 trillion lost during Bush's Great Recession.

 

[bripat9643]

Oh you can be which is why students have to repeat that grade if its High School or drop out of University if were talking about college. Obama gets to remain all four years no matter how bad he does.

7.8% to 4.6% is your idea of how bad he did.

In reality, that 3.2 point drop is the biggest since WWII

Bureau of Labor Statistics Data


average annualized job growth...

Clinton	2,861,000 ​
Carter	2,586,000 ​
Johnson	2,358,000 ​
Reagan	2,016,000 ​
Roosevelt	1,819,000 ​
Nixon	1,644,000 ​
Obama	1,413,830 ​
Kennedy	1,261,000 ​
Truman	1,123,000 ​
Ford	861,000 ​
GHW Bush	659,000 ​
Eisenhower	442,000 ​
Bush	160,000 ​

[TBODY] [/TBODY]

Bush spent most of his 96 months at or near full employment. Its harder to create new jobs when the economy is at full employment.

Ummm... Bush averaged a little over 13 thousand jobs per month. The worst performance on record since Herbert Hoover.

AND BUSH had these events that NOT ONE of the above Presidents ever faced at the SAME 8 YEARS...
Recessions, wars, BUT NOTHING to equate with THESE EVENTS!

A) Recession started as the NBER said...much earlier then 3/01 so how in the hell could GWB with just 3 months into office be at fault?
B) Dot.com bust... again... starting under Clinton but blamed on Bush???
The collapse of the bubble took place during 1999–2001 Dot-com bubble - Wikipedia
AGAIN GWB entire fault for $8 trillion in market losses?
C) WTC/Pentagon... 9/11 all Bush's fault? So tell me again GWB totally at fault for Gorelick memo which prevented CIA from sharing with FBI 9/11 bombers? Bush not god for sure! $2 trillion in losses... 3,000 lives.... again GWB FAULT???
D) Anthrax attack right after 9/11 was this done by GWB???
E) Worst hurricane SEASONS not just hurricane... again $1 trillion losses... 2,215 lives and are you faulting GWB for not being like Obama
as Thomas and you and others declared "like a God"???
F) 9/18/08 Economic terrorist attack with $500 billion taken out of $4 trillion Money market that CAUSED everyone to be concerned
about the WORLD's economy collapsing!

And of course the housing bubble... again...
With Frank/Dodd chastising GWB for trying over SIX YEARS to control Fannie/Freddie and later this is what Frank later said:...
"I hope by next year we'll have abolished Fannie and Freddie," he said. Remarkable. And he went on to say that "it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it." He then added,
"I had been too sanguine about Fannie and Freddie."
Barney Frank Comes Home to the Facts | RealClearPolitics
So again in summary... YOU and your idiot buddies love to blame Bush.... YET the facts and history totally refute your common lemming like
meme that you and even some dumb GOPs state... "Bush spent like a drunken sailor"!!
NOTE if Bush spent like a drunken sailor why do the FACTS in LIGHT of the ABOVE demands... say otherwise?
YET in spite of these gigantic cataclysmic events Bush had:
a) 400,000 jobs lost due to Hurricanes Katrina/Rita ,
b) 2,800,000 jobs lost in alone due to 9/11,
c) 300,000 jobs lost due to dot.com busts... In spite of nearly $8 trillion in lost businesses, market values, destroyed property..
IN SPITE of that:
2002 $157.8 billion deficit.. also 9/11 occurred and tax revenues lowered for years later due to dot.com/9-11 losses against revenue.
2003 $377.6 billion deficit.. BRAND new cabinet Homeland Security, plus loans made to businesses.. again tax revenues down..affect of 9/11
2004 $412.7 billion deficit.. Revenues up by 5.5% spending increased BUT economy coming back.
2005 $318.3 billion deficit.. revenues up by 14.5% deficit decreasing at rate of 22% again tax cuts at play!
2006 $248.2 billion deficit.. revenues up by 11.7% deficit decrease 22%
2007 $160.7 billion deficit.. revenues up by 6.7% deficit decrease 35%
2008 $458.6 billion deficit.. revenues down and deficit INCREASED due TARP loan mostly...
http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=20
BUT Obama benefited by TARP being totally repaid WITH A PROFIT!!!
Bailout Scorecard | Eye on the Bailout | ProPublica

Pales in comparison to the $30 trillion lost during Bush's Great Recession.

Fake news.

 

[bripat9643]

So the $19 trillion problem WASN"T all GWB's fault and you now have to settle for a unsupported argument that it ALL started under GWB???

READ below the efforts and keep in mind what Barney Frank said...after the debacle!!!
"I hope by next year we'll have abolished Fannie and Freddie," he said. Remarkable. And he went on to say that "it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it." He then added,
"I had been too sanguine about Fannie and Freddie."
Barney Frank admits truth about Fannie

The problem DIDN"T start with GWB! GWB warned Congress to act 22 times over 6 years and to no avail!
"Over six years, the President and his Administration have not only warned of the systemic consequences of failure to reform GSEs but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. In fact, it was Congress that flatly rejected President Bush's call more than five years ago to reform the GSEs. Over the years, the President's repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems with the GSEs.

2001
April: The Administration's FY02 budget declares that the size of Fannie Mae and Freddie Mac is "a potential problem," because "financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity." (2002 Budget Analytic Perspectives, pg. 142)

2002
May: The Office of Management and Budget (OMB) calls for the disclosure and corporate governance principles contained in the President's 10-point plan for corporate responsibility to apply to Fannie Mae and Freddie Mac. (OMB Prompt Letter to OFHEO, 5/29/02)

2003
February: The Office of Federal Housing Enterprise Oversight (OFHEO) releases a report explaining that unexpected problems at a GSE could immediately spread into financial sectors beyond the housing market.
September: Then-Treasury Secretary John Snow testifies before the House Financial Services Committee to recommend that Congress enact "legislation to create a new Federal agency to regulate and supervise the financial activities of our housing-related government sponsored enterprises" and set prudent and appropriate minimum capital adequacy requirements.
September: Then-House Financial Services Committee Ranking Member Barney Frank (D-MA) strongly disagrees with the Administration's assessment, saying "these two entities – Fannie Mae and Freddie Mac – are not facing any kind of financial crisis … The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing." (Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae," The New York Times, 9/11/03)
October: Senator Thomas Carper (D-DE) refuses to acknowledge any necessity for GSE reforms, saying "if it ain't broke, don't fix it." (Sen. Carper, Hearing of Senate Committee on Banking, Housing, and Urban Affairs, 10/16/03)
November: Then-Council of the Economic Advisers (CEA) Chairman Greg Mankiw explains that any "legislation to reform GSE regulation should empower the new regulator with sufficient strength and credibility to reduce systemic risk." To reduce the potential for systemic instability, the regulator would have "broad authority to set both risk-based and minimum capital standards" and "receivership powers necessary to wind down the affairs of a troubled GSE." (N. Gregory Mankiw, Remarks At The Conference Of State Bank Supervisors State Banking Summit And Leadership, 11/6/03)

2004
February: The President's FY05 Budget again highlights the risk posed by the explosive growth of the GSEs and their low levels of required capital and calls for creation of a new, world-class regulator: "The Administration has determined that the safety and soundness regulators of the housing GSEs lack sufficient power and stature to meet their responsibilities, and therefore … should be replaced with a new strengthened regulator." (2005 Budget Analytic Perspectives, pg. 83)
February: Then-CEA Chairman Mankiw cautions Congress to "not take [the financial market's] strength for granted." Again, the call from the Administration was to reduce this risk by "ensuring that the housing GSEs are overseen by an effective regulator." (N. Gregory Mankiw, Op-Ed, "Keeping Fannie And Freddie's House In Order," Financial Times, 2/24/04)
April: Rep. Frank ignores the warnings, accusing the Administration of creating an "artificial issue." At a speech to the Mortgage Bankers Association conference, Rep. Frank said "people tend to pay their mortgages. I don't think we are in any remote danger here. This focus on receivership, I think, is intended to create fears that aren't there." ("Frank: GSE Failure A Phony Issue," American Banker, 4/21/04)
June: Then-Treasury Deputy Secretary Samuel Bodman spotlights the risk posed by the GSEs and calls for reform, saying "We do not have a world-class system of supervision of the housing government sponsored enterprises (GSEs), even though the importance of the housing financial system that the GSEs serve demands the best in supervision to ensure the long-term vitality of that system. Therefore, the Administration has called for a new, first class, regulatory supervisor for the three housing GSEs: Fannie Mae, Freddie Mac, and the Federal Home Loan Banking System." (Samuel Bodman, House Financial Services Subcommittee on Oversight and Investigations Testimony, 6/16/04)

2005
April: Then-Secretary Snow repeats his call for GSE reform, saying "Events that have transpired since I testified before this Committee in 2003 reinforce concerns over the systemic risks posed by the GSEs and further highlight the need for real GSE reform to ensure that our housing finance system remains a strong and vibrant source of funding for expanding homeownership opportunities in America … Half-measures will only exacerbate the risks to our financial system." (Secretary John W. Snow, "Testimony Before The U.S. House Financial Services Committee," 4/13/05)
July: Then-Minority Leader Harry Reid rejects legislation reforming GSEs, "while I favor improving oversight by our federal housing regulators to ensure safety and soundness, we cannot pass legislation that could limit Americans from owning homes and potentially harm our economy in the process." ("Dems Rip New Fannie Mae Regulatory Measure," United Press International, 7/28/05)

2007
August: President Bush emphatically calls on Congress to pass a reform package for Fannie Mae and Freddie Mac, saying "first things first when it comes to those two institutions. Congress needs to get them reformed, get them streamlined, get them focused, and then I will consider other options." (President George W. Bush, Press Conference, the White House, 8/9/07)
August: Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd ignores the President's warnings and calls on him to "immediately reconsider his ill-advised" position. (Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze Is Rejected, As Critics Complain Of Opportunism," The New York Times, 8/11/07)
December: President Bush again warns Congress of the need to pass legislation reforming GSEs, saying "These institutions provide liquidity in the mortgage market that benefits millions of homeowners, and it is vital they operate safely and operate soundly. So I've called on Congress to pass legislation that strengthens independent regulation of the GSEs – and ensures they focus on their important housing mission. The GSE reform bill passed by the House earlier this year is a good start. But the Senate has not acted. And the United States Senate needs to pass this legislation soon." (President George W. Bush, Discusses Housing, the White House, 12/6/07)

2008
February: Assistant Treasury Secretary David Nason reiterates the urgency of reforms, saying "A new regulatory structure for the housing GSEs is essential if these entities are to continue to perform their public mission successfully." (David Nason, Testimony On Reforming GSE Regulation, Senate Committee On Banking, Housing And Urban Affairs, 2/7/08)
March: President Bush calls on Congress to take action and "move forward with reforms on Fannie Mae and Freddie Mac. They need to continue to modernize the FHA, as well as allow State housing agencies to issue tax-free bonds to homeowners to refinance their mortgages." (President George W. Bush, Remarks To The Economic Club Of New York, New York, NY, 3/14/08)
April: President Bush urges Congress to pass the much needed legislation and "modernize Fannie Mae and Freddie Mac. [There are] constructive things Congress can do that will encourage the housing market to correct quickly by … helping people stay in their homes." (President George W. Bush, Meeting With Cabinet, the White House, 4/14/08)
May: President Bush issues several pleas to Congress to pass legislation reforming Fannie Mae and Freddie Mac before the situation deteriorates further.
"Americans are concerned about making their mortgage payments and keeping their homes. Yet Congress has failed to pass legislation I have repeatedly requested to modernize the Federal Housing Administration that will help more families stay in their homes, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow state housing agencies to issue tax-free bonds to refinance sub-prime loans." (President George W. Bush, Radio Address, 5/3/08)
"[T]he government ought to be helping creditworthy people stay in their homes. And one way we can do that – and Congress is making progress on this – is the reform of Fannie Mae and Freddie Mac. That reform will come with a strong, independent regulator." (President George W. Bush, Meeting With The Secretary Of The Treasury, the White House, 5/19/08)
"Congress needs to pass legislation to modernize the Federal Housing Administration, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance subprime loans." (President George W. Bush, Radio Address, 5/31/08)
June: As foreclosure rates continued to rise in the first quarter, the President once again asks Congress to take the necessary measures to address this challenge, saying "we need to pass legislation to reform Fannie Mae and Freddie Mac." (President George W. Bush, Remarks At Swearing In Ceremony For Secretary Of Housing And Urban Development, Washington, D.C., 6/6/08)
July: Congress heeds the President's call for action and passes reform legislation for Fannie Mae and Freddie Mac as it becomes clear that the institutions are failing.
September: Democrats in Congress forget their previous objections to GSE reforms, as Senator Dodd questions "why weren't we doing more, why did we wait almost a year before there were any significant steps taken to try to deal with this problem? … I have a lot of questions about where was the administration over the last eight years." (Dawn Kopecki, "Fannie Mae, Freddie 'House Of Cards' Prompts Takeover," Bloomberg, 9/9/08)
Setting the Record Straight: Six Years of Unheeded Warnings for GSE Reform

LOL

Everything you posted occurred under Bush's regime.

Great Bush Recession.

But again, he had help... "Thanks to OUR policies, home ownership in America is at an all-time high!" ~ George Bush, 2004 RNC acceptance speech

And blaming Barney Frank is beyond rightarded.

Though he was wrong on the issue, he was harmless as one member of the minority party in the House. Republicans were in charge. Sorry reality sucks for you conservatives.

YES these EVENTS did occur under GWB. NO QUESTION.
But only Idiots like you put the entire blame for these events on GWB!

Well here is $8 trillion losses due to dot.com bust. Was that GWB's fault???
America Is Its Own Worst Enemy - Trapped In Irrational Exuberance | Zero Hedge
leaves $11.2 trillion.
WTC 9/11 cost 3,000 lives, $2 trillion in lost businesses,market values assets. How was that GWB's fault?
18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source: Events That Rocked the Financial World
Leaves $9.2 trillion!
$1 trillion in losses due to the WORST Hurricane SEASONS in history. 2,215 lives lost.
Costliest U.S. Weather Disasters | Weather Underground
Unlike idiots like you and most of the MSM who like Evan Thomas EDITOR of NewsWeek who said of Obama:
"I mean in a way Obama’s standing above the country, above – above the world, he’s sort of God."

GWB IS NO God and couldn't control the weather... but idiots like you and even Obama who thought himself to be deity when on his nomination he said:
This was the moment when the rise of the oceans began to slow and our planet began to heal."
Is Barack Obama the Messiah?: "this was the moment when the rise of the oceans began to slow and our planet began to heal ..."

leaves $8.2 Trillion!
Much of the lost household wealth came from declines in the value of real estate, which dropped $6 trillion, or nearly 30% of its value, from the end of 2006 to the end of last year [2010]. And after posting modest gains in 2009 and the first half of 2010, the value of homes started to fall again in mid-2010.
America's lost trillions

Now that leaves $2.2 Trillion. A LONG,LONG way from the $19.2 Trillion idiots like you say was all GWB's fault!

I at least will agree. $2.2 trillion of the loss of $19.2 trillion can be attributed to GWB's lack of attention to the housing bubble... EVEN
though he tried to reign in Fannie/Freddie (AS FRANK admits should have been!)
But dummies like you can't even admit you are off by 90% in that stupid $19 trillion blame on GWB!
Again recession admittedly by the NBER started way earlier then the official 3/1/01 date..
"It is clear that the revised data have made our original March date for the start of the recession much too late. We are still waiting for additional monthly data before making a final judgment. Until we have the additional data, we cannot make a decision."[5]
Early 2000s recession - Wikipedia
And the $8 trillion in dot.com bust...America Is Its Own Worst Enemy - Trapped In Irrational Exuberance | Zero Hedge
And the $2 trillion in WTC 9/11 that cost 3,000 lives, $2 trillion in lost businesses,market values assets.
18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source: Events That Rocked the Financial World
And the $1 trillion in hurricanes...Costliest U.S. Weather Disasters | Weather Underground

But of course idiots like you that believe Obama is a god...Is Barack Obama the Messiah?: "this was the moment when the rise of the oceans began to slow and our planet began to heal ..."
blame GWB for these events? Of course you do. If you believe Obama is a God, then what was GWB if he was to blame for the above events?

Still not even close to the $29 trillion Bush's Great Recession cost us.

EXPLAIN to me how you come up with any credibility when you willy-nilly spout out NOTHING with ANY Proof!!!

YOU know any dummy can come up with a figure! Where in the hell DUMMY did you come up with $29 TRILLION????
Give me links. Proof that the so-called recession that has been directly linked to the

Many factors directly and indirectly caused the Great Recession (which started in 2007 with the US subprime mortgage crisis), with experts and economists placing different weights on particular causes.

Major causes of the initial subprime mortgage crisis and following recession include: International trade imbalances and lax lending standards contributing to high levels of developed country household debt and real-estate bubbles that have since burst; U.S. government housing policies; and limited regulation of non-depository financial institutions. Once the recession began, various responses were attempted with different degrees of success. These included fiscal policies of governments; monetary policies of central banks; measures designed to help indebted consumers refinance their mortgage debt; and inconsistent approaches used by nations to bail out troubled banking industries and private bondholders, assuming private debt burdens or socializing losses.
Causes of the Great Recession - Wikipedia

HOW does the cause of your phony $29 Trillion fall at the feet of GWB???
NOW dummy where is the proof to counter this statement:
TARP which was part of Bush's deficits was entirely paid back with a profit!

Bailout Scorecard | Eye on the Bailout | ProPublica

DEBT responsibility to GWB $622.5B
DEBT PAID back to Obama $698.3B
Net Profit credited to Obama's budget $75.8B
http://www.whitehouse.gov/omb/budget/Historicals
YET Obama even with this additional $698.3 Billion paid back Obama RACKED UP these DEFICITS!
[*]Year Receipts Outlays Surplus or Deficit (–)
[*]2000 2,025,191 1,788,950 236,241
[*]2001 1,991,082 1,862,846 128,236 Dot.com Bust, 9/11, Recession
[*]2002 1,853,136 2,010,894 -157,758
[*]2003 1,782,314 2,159,899 -377,585 tax cuts took affect worst hurricanes SEASONS in history
[*]2004 1,880,114 2,292,841 -412,727 biggest deficit..,, worst hurricanes SEASONS in history
[*]2005 2,153,611 2,471,957 -318,346 deficit decline,,worst hurricanes SEASONS in history
[*]2006 2,406,869 2,655,050 -248,181 deficit decline,,worst hurricanes SEASONS in history
[*]2007 2,567,985 2,728,686 -160,701 deficit decline
[*]2008 2,523,991 2,982,544 -458,553 housing bubble
[*]2009 2,104,989 3,517,677 -1,412,688 TARP,Stimulus

[*]2010 2,162,706 3,457,079 -1,294,373 This doesn't look like $600 billion deficit???
[*]2011 2,303,466 3,603,059 -1,299,593 This doesn't look like $600 billion deficit???
[*]2012 2,450,164 3,537,127 -1,086,963 This doesn't look like $600 billion deficit???
[*]2013 2,712,045 3,684,947 -972,902 estimate
[*]2014 3,033,618 3,777,807 -744,189 estimate
[*]2015 3,331,685 3,908,157 -576,472 estimate
[*]2016 3,561,451 4,089,836 -528,385 estimate
[*]2017 3,760,542 4,247,448 -486,906 estimate
[*]2018 3,973,974 4,449,240 -475,266 estimate
[/LIST]
View attachment 110517

$30 trillion just in lost household wealth and lost stock market wealth...

America's lost trillions

Dow hits new record, regaining losses from Great Recession

The entire DOW isn't worth $30 trillion.

 

[rightwinger]

So the $19 trillion problem WASN"T all GWB's fault and you now have to settle for a unsupported argument that it ALL started under GWB???

READ below the efforts and keep in mind what Barney Frank said...after the debacle!!!
"I hope by next year we'll have abolished Fannie and Freddie," he said. Remarkable. And he went on to say that "it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it." He then added,
"I had been too sanguine about Fannie and Freddie."
Barney Frank admits truth about Fannie

The problem DIDN"T start with GWB! GWB warned Congress to act 22 times over 6 years and to no avail!
"Over six years, the President and his Administration have not only warned of the systemic consequences of failure to reform GSEs but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. In fact, it was Congress that flatly rejected President Bush's call more than five years ago to reform the GSEs. Over the years, the President's repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems with the GSEs.

2001
April: The Administration's FY02 budget declares that the size of Fannie Mae and Freddie Mac is "a potential problem," because "financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity." (2002 Budget Analytic Perspectives, pg. 142)

2002
May: The Office of Management and Budget (OMB) calls for the disclosure and corporate governance principles contained in the President's 10-point plan for corporate responsibility to apply to Fannie Mae and Freddie Mac. (OMB Prompt Letter to OFHEO, 5/29/02)

2003
February: The Office of Federal Housing Enterprise Oversight (OFHEO) releases a report explaining that unexpected problems at a GSE could immediately spread into financial sectors beyond the housing market.
September: Then-Treasury Secretary John Snow testifies before the House Financial Services Committee to recommend that Congress enact "legislation to create a new Federal agency to regulate and supervise the financial activities of our housing-related government sponsored enterprises" and set prudent and appropriate minimum capital adequacy requirements.
September: Then-House Financial Services Committee Ranking Member Barney Frank (D-MA) strongly disagrees with the Administration's assessment, saying "these two entities – Fannie Mae and Freddie Mac – are not facing any kind of financial crisis … The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing." (Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae," The New York Times, 9/11/03)
October: Senator Thomas Carper (D-DE) refuses to acknowledge any necessity for GSE reforms, saying "if it ain't broke, don't fix it." (Sen. Carper, Hearing of Senate Committee on Banking, Housing, and Urban Affairs, 10/16/03)
November: Then-Council of the Economic Advisers (CEA) Chairman Greg Mankiw explains that any "legislation to reform GSE regulation should empower the new regulator with sufficient strength and credibility to reduce systemic risk." To reduce the potential for systemic instability, the regulator would have "broad authority to set both risk-based and minimum capital standards" and "receivership powers necessary to wind down the affairs of a troubled GSE." (N. Gregory Mankiw, Remarks At The Conference Of State Bank Supervisors State Banking Summit And Leadership, 11/6/03)

2004
February: The President's FY05 Budget again highlights the risk posed by the explosive growth of the GSEs and their low levels of required capital and calls for creation of a new, world-class regulator: "The Administration has determined that the safety and soundness regulators of the housing GSEs lack sufficient power and stature to meet their responsibilities, and therefore … should be replaced with a new strengthened regulator." (2005 Budget Analytic Perspectives, pg. 83)
February: Then-CEA Chairman Mankiw cautions Congress to "not take [the financial market's] strength for granted." Again, the call from the Administration was to reduce this risk by "ensuring that the housing GSEs are overseen by an effective regulator." (N. Gregory Mankiw, Op-Ed, "Keeping Fannie And Freddie's House In Order," Financial Times, 2/24/04)
April: Rep. Frank ignores the warnings, accusing the Administration of creating an "artificial issue." At a speech to the Mortgage Bankers Association conference, Rep. Frank said "people tend to pay their mortgages. I don't think we are in any remote danger here. This focus on receivership, I think, is intended to create fears that aren't there." ("Frank: GSE Failure A Phony Issue," American Banker, 4/21/04)
June: Then-Treasury Deputy Secretary Samuel Bodman spotlights the risk posed by the GSEs and calls for reform, saying "We do not have a world-class system of supervision of the housing government sponsored enterprises (GSEs), even though the importance of the housing financial system that the GSEs serve demands the best in supervision to ensure the long-term vitality of that system. Therefore, the Administration has called for a new, first class, regulatory supervisor for the three housing GSEs: Fannie Mae, Freddie Mac, and the Federal Home Loan Banking System." (Samuel Bodman, House Financial Services Subcommittee on Oversight and Investigations Testimony, 6/16/04)

2005
April: Then-Secretary Snow repeats his call for GSE reform, saying "Events that have transpired since I testified before this Committee in 2003 reinforce concerns over the systemic risks posed by the GSEs and further highlight the need for real GSE reform to ensure that our housing finance system remains a strong and vibrant source of funding for expanding homeownership opportunities in America … Half-measures will only exacerbate the risks to our financial system." (Secretary John W. Snow, "Testimony Before The U.S. House Financial Services Committee," 4/13/05)
July: Then-Minority Leader Harry Reid rejects legislation reforming GSEs, "while I favor improving oversight by our federal housing regulators to ensure safety and soundness, we cannot pass legislation that could limit Americans from owning homes and potentially harm our economy in the process." ("Dems Rip New Fannie Mae Regulatory Measure," United Press International, 7/28/05)

2007
August: President Bush emphatically calls on Congress to pass a reform package for Fannie Mae and Freddie Mac, saying "first things first when it comes to those two institutions. Congress needs to get them reformed, get them streamlined, get them focused, and then I will consider other options." (President George W. Bush, Press Conference, the White House, 8/9/07)
August: Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd ignores the President's warnings and calls on him to "immediately reconsider his ill-advised" position. (Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze Is Rejected, As Critics Complain Of Opportunism," The New York Times, 8/11/07)
December: President Bush again warns Congress of the need to pass legislation reforming GSEs, saying "These institutions provide liquidity in the mortgage market that benefits millions of homeowners, and it is vital they operate safely and operate soundly. So I've called on Congress to pass legislation that strengthens independent regulation of the GSEs – and ensures they focus on their important housing mission. The GSE reform bill passed by the House earlier this year is a good start. But the Senate has not acted. And the United States Senate needs to pass this legislation soon." (President George W. Bush, Discusses Housing, the White House, 12/6/07)

2008
February: Assistant Treasury Secretary David Nason reiterates the urgency of reforms, saying "A new regulatory structure for the housing GSEs is essential if these entities are to continue to perform their public mission successfully." (David Nason, Testimony On Reforming GSE Regulation, Senate Committee On Banking, Housing And Urban Affairs, 2/7/08)
March: President Bush calls on Congress to take action and "move forward with reforms on Fannie Mae and Freddie Mac. They need to continue to modernize the FHA, as well as allow State housing agencies to issue tax-free bonds to homeowners to refinance their mortgages." (President George W. Bush, Remarks To The Economic Club Of New York, New York, NY, 3/14/08)
April: President Bush urges Congress to pass the much needed legislation and "modernize Fannie Mae and Freddie Mac. [There are] constructive things Congress can do that will encourage the housing market to correct quickly by … helping people stay in their homes." (President George W. Bush, Meeting With Cabinet, the White House, 4/14/08)
May: President Bush issues several pleas to Congress to pass legislation reforming Fannie Mae and Freddie Mac before the situation deteriorates further.
"Americans are concerned about making their mortgage payments and keeping their homes. Yet Congress has failed to pass legislation I have repeatedly requested to modernize the Federal Housing Administration that will help more families stay in their homes, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow state housing agencies to issue tax-free bonds to refinance sub-prime loans." (President George W. Bush, Radio Address, 5/3/08)
"[T]he government ought to be helping creditworthy people stay in their homes. And one way we can do that – and Congress is making progress on this – is the reform of Fannie Mae and Freddie Mac. That reform will come with a strong, independent regulator." (President George W. Bush, Meeting With The Secretary Of The Treasury, the White House, 5/19/08)
"Congress needs to pass legislation to modernize the Federal Housing Administration, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance subprime loans." (President George W. Bush, Radio Address, 5/31/08)
June: As foreclosure rates continued to rise in the first quarter, the President once again asks Congress to take the necessary measures to address this challenge, saying "we need to pass legislation to reform Fannie Mae and Freddie Mac." (President George W. Bush, Remarks At Swearing In Ceremony For Secretary Of Housing And Urban Development, Washington, D.C., 6/6/08)
July: Congress heeds the President's call for action and passes reform legislation for Fannie Mae and Freddie Mac as it becomes clear that the institutions are failing.
September: Democrats in Congress forget their previous objections to GSE reforms, as Senator Dodd questions "why weren't we doing more, why did we wait almost a year before there were any significant steps taken to try to deal with this problem? … I have a lot of questions about where was the administration over the last eight years." (Dawn Kopecki, "Fannie Mae, Freddie 'House Of Cards' Prompts Takeover," Bloomberg, 9/9/08)
Setting the Record Straight: Six Years of Unheeded Warnings for GSE Reform

LOL

Everything you posted occurred under Bush's regime.

Great Bush Recession.

But again, he had help... "Thanks to OUR policies, home ownership in America is at an all-time high!" ~ George Bush, 2004 RNC acceptance speech

And blaming Barney Frank is beyond rightarded.

Though he was wrong on the issue, he was harmless as one member of the minority party in the House. Republicans were in charge. Sorry reality sucks for you conservatives.

YES these EVENTS did occur under GWB. NO QUESTION.
But only Idiots like you put the entire blame for these events on GWB!

Well here is $8 trillion losses due to dot.com bust. Was that GWB's fault???
America Is Its Own Worst Enemy - Trapped In Irrational Exuberance | Zero Hedge
leaves $11.2 trillion.
WTC 9/11 cost 3,000 lives, $2 trillion in lost businesses,market values assets. How was that GWB's fault?
18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source: Events That Rocked the Financial World
Leaves $9.2 trillion!
$1 trillion in losses due to the WORST Hurricane SEASONS in history. 2,215 lives lost.
Costliest U.S. Weather Disasters | Weather Underground
Unlike idiots like you and most of the MSM who like Evan Thomas EDITOR of NewsWeek who said of Obama:
"I mean in a way Obama’s standing above the country, above – above the world, he’s sort of God."

GWB IS NO God and couldn't control the weather... but idiots like you and even Obama who thought himself to be deity when on his nomination he said:
This was the moment when the rise of the oceans began to slow and our planet began to heal."
Is Barack Obama the Messiah?: "this was the moment when the rise of the oceans began to slow and our planet began to heal ..."

leaves $8.2 Trillion!
Much of the lost household wealth came from declines in the value of real estate, which dropped $6 trillion, or nearly 30% of its value, from the end of 2006 to the end of last year [2010]. And after posting modest gains in 2009 and the first half of 2010, the value of homes started to fall again in mid-2010.
America's lost trillions

Now that leaves $2.2 Trillion. A LONG,LONG way from the $19.2 Trillion idiots like you say was all GWB's fault!

I at least will agree. $2.2 trillion of the loss of $19.2 trillion can be attributed to GWB's lack of attention to the housing bubble... EVEN
though he tried to reign in Fannie/Freddie (AS FRANK admits should have been!)
But dummies like you can't even admit you are off by 90% in that stupid $19 trillion blame on GWB!
Again recession admittedly by the NBER started way earlier then the official 3/1/01 date..
"It is clear that the revised data have made our original March date for the start of the recession much too late. We are still waiting for additional monthly data before making a final judgment. Until we have the additional data, we cannot make a decision."[5]
Early 2000s recession - Wikipedia
And the $8 trillion in dot.com bust...America Is Its Own Worst Enemy - Trapped In Irrational Exuberance | Zero Hedge
And the $2 trillion in WTC 9/11 that cost 3,000 lives, $2 trillion in lost businesses,market values assets.
18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source: Events That Rocked the Financial World
And the $1 trillion in hurricanes...Costliest U.S. Weather Disasters | Weather Underground

But of course idiots like you that believe Obama is a god...Is Barack Obama the Messiah?: "this was the moment when the rise of the oceans began to slow and our planet began to heal ..."
blame GWB for these events? Of course you do. If you believe Obama is a God, then what was GWB if he was to blame for the above events?

Still not even close to the $29 trillion Bush's Great Recession cost us.

EXPLAIN to me how you come up with any credibility when you willy-nilly spout out NOTHING with ANY Proof!!!

YOU know any dummy can come up with a figure! Where in the hell DUMMY did you come up with $29 TRILLION????
Give me links. Proof that the so-called recession that has been directly linked to the

Many factors directly and indirectly caused the Great Recession (which started in 2007 with the US subprime mortgage crisis), with experts and economists placing different weights on particular causes.

Major causes of the initial subprime mortgage crisis and following recession include: International trade imbalances and lax lending standards contributing to high levels of developed country household debt and real-estate bubbles that have since burst; U.S. government housing policies; and limited regulation of non-depository financial institutions. Once the recession began, various responses were attempted with different degrees of success. These included fiscal policies of governments; monetary policies of central banks; measures designed to help indebted consumers refinance their mortgage debt; and inconsistent approaches used by nations to bail out troubled banking industries and private bondholders, assuming private debt burdens or socializing losses.
Causes of the Great Recession - Wikipedia

HOW does the cause of your phony $29 Trillion fall at the feet of GWB???
NOW dummy where is the proof to counter this statement:
TARP which was part of Bush's deficits was entirely paid back with a profit!

Bailout Scorecard | Eye on the Bailout | ProPublica

DEBT responsibility to GWB $622.5B
DEBT PAID back to Obama $698.3B
Net Profit credited to Obama's budget $75.8B
http://www.whitehouse.gov/omb/budget/Historicals
YET Obama even with this additional $698.3 Billion paid back Obama RACKED UP these DEFICITS!
[*]Year Receipts Outlays Surplus or Deficit (–)
[*]2000 2,025,191 1,788,950 236,241
[*]2001 1,991,082 1,862,846 128,236 Dot.com Bust, 9/11, Recession
[*]2002 1,853,136 2,010,894 -157,758
[*]2003 1,782,314 2,159,899 -377,585 tax cuts took affect worst hurricanes SEASONS in history
[*]2004 1,880,114 2,292,841 -412,727 biggest deficit..,, worst hurricanes SEASONS in history
[*]2005 2,153,611 2,471,957 -318,346 deficit decline,,worst hurricanes SEASONS in history
[*]2006 2,406,869 2,655,050 -248,181 deficit decline,,worst hurricanes SEASONS in history
[*]2007 2,567,985 2,728,686 -160,701 deficit decline
[*]2008 2,523,991 2,982,544 -458,553 housing bubble
[*]2009 2,104,989 3,517,677 -1,412,688 TARP,Stimulus

[*]2010 2,162,706 3,457,079 -1,294,373 This doesn't look like $600 billion deficit???
[*]2011 2,303,466 3,603,059 -1,299,593 This doesn't look like $600 billion deficit???
[*]2012 2,450,164 3,537,127 -1,086,963 This doesn't look like $600 billion deficit???
[*]2013 2,712,045 3,684,947 -972,902 estimate
[*]2014 3,033,618 3,777,807 -744,189 estimate
[*]2015 3,331,685 3,908,157 -576,472 estimate
[*]2016 3,561,451 4,089,836 -528,385 estimate
[*]2017 3,760,542 4,247,448 -486,906 estimate
[*]2018 3,973,974 4,449,240 -475,266 estimate
[/LIST]
View attachment 110517

$30 trillion just in lost household wealth and lost stock market wealth...

America's lost trillions

Dow hits new record, regaining losses from Great Recession

Obama added over $55 trillion to total wealth

 

[bripat9643]

LOL

Everything you posted occurred under Bush's regime.

Great Bush Recession.

But again, he had help... "Thanks to OUR policies, home ownership in America is at an all-time high!" ~ George Bush, 2004 RNC acceptance speech

And blaming Barney Frank is beyond rightarded.

Though he was wrong on the issue, he was harmless as one member of the minority party in the House. Republicans were in charge. Sorry reality sucks for you conservatives.

YES these EVENTS did occur under GWB. NO QUESTION.
But only Idiots like you put the entire blame for these events on GWB!

Well here is $8 trillion losses due to dot.com bust. Was that GWB's fault???
America Is Its Own Worst Enemy - Trapped In Irrational Exuberance | Zero Hedge
leaves $11.2 trillion.
WTC 9/11 cost 3,000 lives, $2 trillion in lost businesses,market values assets. How was that GWB's fault?
18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source: Events That Rocked the Financial World
Leaves $9.2 trillion!
$1 trillion in losses due to the WORST Hurricane SEASONS in history. 2,215 lives lost.
Costliest U.S. Weather Disasters | Weather Underground
Unlike idiots like you and most of the MSM who like Evan Thomas EDITOR of NewsWeek who said of Obama:
"I mean in a way Obama’s standing above the country, above – above the world, he’s sort of God."

GWB IS NO God and couldn't control the weather... but idiots like you and even Obama who thought himself to be deity when on his nomination he said:
This was the moment when the rise of the oceans began to slow and our planet began to heal."
Is Barack Obama the Messiah?: "this was the moment when the rise of the oceans began to slow and our planet began to heal ..."

leaves $8.2 Trillion!
Much of the lost household wealth came from declines in the value of real estate, which dropped $6 trillion, or nearly 30% of its value, from the end of 2006 to the end of last year [2010]. And after posting modest gains in 2009 and the first half of 2010, the value of homes started to fall again in mid-2010.
America's lost trillions

Now that leaves $2.2 Trillion. A LONG,LONG way from the $19.2 Trillion idiots like you say was all GWB's fault!

I at least will agree. $2.2 trillion of the loss of $19.2 trillion can be attributed to GWB's lack of attention to the housing bubble... EVEN
though he tried to reign in Fannie/Freddie (AS FRANK admits should have been!)
But dummies like you can't even admit you are off by 90% in that stupid $19 trillion blame on GWB!
Again recession admittedly by the NBER started way earlier then the official 3/1/01 date..
"It is clear that the revised data have made our original March date for the start of the recession much too late. We are still waiting for additional monthly data before making a final judgment. Until we have the additional data, we cannot make a decision."[5]
Early 2000s recession - Wikipedia
And the $8 trillion in dot.com bust...America Is Its Own Worst Enemy - Trapped In Irrational Exuberance | Zero Hedge
And the $2 trillion in WTC 9/11 that cost 3,000 lives, $2 trillion in lost businesses,market values assets.
18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source: Events That Rocked the Financial World
And the $1 trillion in hurricanes...Costliest U.S. Weather Disasters | Weather Underground

But of course idiots like you that believe Obama is a god...Is Barack Obama the Messiah?: "this was the moment when the rise of the oceans began to slow and our planet began to heal ..."
blame GWB for these events? Of course you do. If you believe Obama is a God, then what was GWB if he was to blame for the above events?

Still not even close to the $29 trillion Bush's Great Recession cost us.

EXPLAIN to me how you come up with any credibility when you willy-nilly spout out NOTHING with ANY Proof!!!

YOU know any dummy can come up with a figure! Where in the hell DUMMY did you come up with $29 TRILLION????
Give me links. Proof that the so-called recession that has been directly linked to the

Many factors directly and indirectly caused the Great Recession (which started in 2007 with the US subprime mortgage crisis), with experts and economists placing different weights on particular causes.

Major causes of the initial subprime mortgage crisis and following recession include: International trade imbalances and lax lending standards contributing to high levels of developed country household debt and real-estate bubbles that have since burst; U.S. government housing policies; and limited regulation of non-depository financial institutions. Once the recession began, various responses were attempted with different degrees of success. These included fiscal policies of governments; monetary policies of central banks; measures designed to help indebted consumers refinance their mortgage debt; and inconsistent approaches used by nations to bail out troubled banking industries and private bondholders, assuming private debt burdens or socializing losses.
Causes of the Great Recession - Wikipedia

HOW does the cause of your phony $29 Trillion fall at the feet of GWB???
NOW dummy where is the proof to counter this statement:
TARP which was part of Bush's deficits was entirely paid back with a profit!

Bailout Scorecard | Eye on the Bailout | ProPublica

DEBT responsibility to GWB $622.5B
DEBT PAID back to Obama $698.3B
Net Profit credited to Obama's budget $75.8B
http://www.whitehouse.gov/omb/budget/Historicals
YET Obama even with this additional $698.3 Billion paid back Obama RACKED UP these DEFICITS!
[*]Year Receipts Outlays Surplus or Deficit (–)
[*]2000 2,025,191 1,788,950 236,241
[*]2001 1,991,082 1,862,846 128,236 Dot.com Bust, 9/11, Recession
[*]2002 1,853,136 2,010,894 -157,758
[*]2003 1,782,314 2,159,899 -377,585 tax cuts took affect worst hurricanes SEASONS in history
[*]2004 1,880,114 2,292,841 -412,727 biggest deficit..,, worst hurricanes SEASONS in history
[*]2005 2,153,611 2,471,957 -318,346 deficit decline,,worst hurricanes SEASONS in history
[*]2006 2,406,869 2,655,050 -248,181 deficit decline,,worst hurricanes SEASONS in history
[*]2007 2,567,985 2,728,686 -160,701 deficit decline
[*]2008 2,523,991 2,982,544 -458,553 housing bubble
[*]2009 2,104,989 3,517,677 -1,412,688 TARP,Stimulus

[*]2010 2,162,706 3,457,079 -1,294,373 This doesn't look like $600 billion deficit???
[*]2011 2,303,466 3,603,059 -1,299,593 This doesn't look like $600 billion deficit???
[*]2012 2,450,164 3,537,127 -1,086,963 This doesn't look like $600 billion deficit???
[*]2013 2,712,045 3,684,947 -972,902 estimate
[*]2014 3,033,618 3,777,807 -744,189 estimate
[*]2015 3,331,685 3,908,157 -576,472 estimate
[*]2016 3,561,451 4,089,836 -528,385 estimate
[*]2017 3,760,542 4,247,448 -486,906 estimate
[*]2018 3,973,974 4,449,240 -475,266 estimate
[/LIST]
View attachment 110517

$30 trillion just in lost household wealth and lost stock market wealth...

America's lost trillions

Dow hits new record, regaining losses from Great Recession

Obama added over $55 trillion to total wealth

You mean he printed $55 trillion of money. He didn't increase our wealth one iota.

 

[rightwinger]

YES these EVENTS did occur under GWB. NO QUESTION.
But only Idiots like you put the entire blame for these events on GWB!

Well here is $8 trillion losses due to dot.com bust. Was that GWB's fault???
America Is Its Own Worst Enemy - Trapped In Irrational Exuberance | Zero Hedge
leaves $11.2 trillion.
WTC 9/11 cost 3,000 lives, $2 trillion in lost businesses,market values assets. How was that GWB's fault?
18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source: Events That Rocked the Financial World
Leaves $9.2 trillion!
$1 trillion in losses due to the WORST Hurricane SEASONS in history. 2,215 lives lost.
Costliest U.S. Weather Disasters | Weather Underground
Unlike idiots like you and most of the MSM who like Evan Thomas EDITOR of NewsWeek who said of Obama:
"I mean in a way Obama’s standing above the country, above – above the world, he’s sort of God."

GWB IS NO God and couldn't control the weather... but idiots like you and even Obama who thought himself to be deity when on his nomination he said:
This was the moment when the rise of the oceans began to slow and our planet began to heal."
Is Barack Obama the Messiah?: "this was the moment when the rise of the oceans began to slow and our planet began to heal ..."

leaves $8.2 Trillion!
Much of the lost household wealth came from declines in the value of real estate, which dropped $6 trillion, or nearly 30% of its value, from the end of 2006 to the end of last year [2010]. And after posting modest gains in 2009 and the first half of 2010, the value of homes started to fall again in mid-2010.
America's lost trillions

Now that leaves $2.2 Trillion. A LONG,LONG way from the $19.2 Trillion idiots like you say was all GWB's fault!

I at least will agree. $2.2 trillion of the loss of $19.2 trillion can be attributed to GWB's lack of attention to the housing bubble... EVEN
though he tried to reign in Fannie/Freddie (AS FRANK admits should have been!)
But dummies like you can't even admit you are off by 90% in that stupid $19 trillion blame on GWB!
Again recession admittedly by the NBER started way earlier then the official 3/1/01 date..
"It is clear that the revised data have made our original March date for the start of the recession much too late. We are still waiting for additional monthly data before making a final judgment. Until we have the additional data, we cannot make a decision."[5]
Early 2000s recession - Wikipedia
And the $8 trillion in dot.com bust...America Is Its Own Worst Enemy - Trapped In Irrational Exuberance | Zero Hedge
And the $2 trillion in WTC 9/11 that cost 3,000 lives, $2 trillion in lost businesses,market values assets.
18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source: Events That Rocked the Financial World
And the $1 trillion in hurricanes...Costliest U.S. Weather Disasters | Weather Underground

But of course idiots like you that believe Obama is a god...Is Barack Obama the Messiah?: "this was the moment when the rise of the oceans began to slow and our planet began to heal ..."
blame GWB for these events? Of course you do. If you believe Obama is a God, then what was GWB if he was to blame for the above events?

Still not even close to the $29 trillion Bush's Great Recession cost us.

EXPLAIN to me how you come up with any credibility when you willy-nilly spout out NOTHING with ANY Proof!!!

YOU know any dummy can come up with a figure! Where in the hell DUMMY did you come up with $29 TRILLION????
Give me links. Proof that the so-called recession that has been directly linked to the

Many factors directly and indirectly caused the Great Recession (which started in 2007 with the US subprime mortgage crisis), with experts and economists placing different weights on particular causes.

Major causes of the initial subprime mortgage crisis and following recession include: International trade imbalances and lax lending standards contributing to high levels of developed country household debt and real-estate bubbles that have since burst; U.S. government housing policies; and limited regulation of non-depository financial institutions. Once the recession began, various responses were attempted with different degrees of success. These included fiscal policies of governments; monetary policies of central banks; measures designed to help indebted consumers refinance their mortgage debt; and inconsistent approaches used by nations to bail out troubled banking industries and private bondholders, assuming private debt burdens or socializing losses.
Causes of the Great Recession - Wikipedia

HOW does the cause of your phony $29 Trillion fall at the feet of GWB???
NOW dummy where is the proof to counter this statement:
TARP which was part of Bush's deficits was entirely paid back with a profit!

Bailout Scorecard | Eye on the Bailout | ProPublica

DEBT responsibility to GWB $622.5B
DEBT PAID back to Obama $698.3B
Net Profit credited to Obama's budget $75.8B
http://www.whitehouse.gov/omb/budget/Historicals
YET Obama even with this additional $698.3 Billion paid back Obama RACKED UP these DEFICITS!
[*]Year Receipts Outlays Surplus or Deficit (–)
[*]2000 2,025,191 1,788,950 236,241
[*]2001 1,991,082 1,862,846 128,236 Dot.com Bust, 9/11, Recession
[*]2002 1,853,136 2,010,894 -157,758
[*]2003 1,782,314 2,159,899 -377,585 tax cuts took affect worst hurricanes SEASONS in history
[*]2004 1,880,114 2,292,841 -412,727 biggest deficit..,, worst hurricanes SEASONS in history
[*]2005 2,153,611 2,471,957 -318,346 deficit decline,,worst hurricanes SEASONS in history
[*]2006 2,406,869 2,655,050 -248,181 deficit decline,,worst hurricanes SEASONS in history
[*]2007 2,567,985 2,728,686 -160,701 deficit decline
[*]2008 2,523,991 2,982,544 -458,553 housing bubble
[*]2009 2,104,989 3,517,677 -1,412,688 TARP,Stimulus

[*]2010 2,162,706 3,457,079 -1,294,373 This doesn't look like $600 billion deficit???
[*]2011 2,303,466 3,603,059 -1,299,593 This doesn't look like $600 billion deficit???
[*]2012 2,450,164 3,537,127 -1,086,963 This doesn't look like $600 billion deficit???
[*]2013 2,712,045 3,684,947 -972,902 estimate
[*]2014 3,033,618 3,777,807 -744,189 estimate
[*]2015 3,331,685 3,908,157 -576,472 estimate
[*]2016 3,561,451 4,089,836 -528,385 estimate
[*]2017 3,760,542 4,247,448 -486,906 estimate
[*]2018 3,973,974 4,449,240 -475,266 estimate
[/LIST]
View attachment 110517

$30 trillion just in lost household wealth and lost stock market wealth...

America's lost trillions

Dow hits new record, regaining losses from Great Recession

Obama added over $55 trillion to total wealth

You mean he printed $55 trillion of money. He didn't increase our wealth one iota.

If he did that the dollar would be useless and we would have runaway inflation

We have the strongest currency in the world and minimal inflation

 

[bripat9643]

Still not even close to the $29 trillion Bush's Great Recession cost us.

EXPLAIN to me how you come up with any credibility when you willy-nilly spout out NOTHING with ANY Proof!!!

YOU know any dummy can come up with a figure! Where in the hell DUMMY did you come up with $29 TRILLION????
Give me links. Proof that the so-called recession that has been directly linked to the

Many factors directly and indirectly caused the Great Recession (which started in 2007 with the US subprime mortgage crisis), with experts and economists placing different weights on particular causes.

Major causes of the initial subprime mortgage crisis and following recession include: International trade imbalances and lax lending standards contributing to high levels of developed country household debt and real-estate bubbles that have since burst; U.S. government housing policies; and limited regulation of non-depository financial institutions. Once the recession began, various responses were attempted with different degrees of success. These included fiscal policies of governments; monetary policies of central banks; measures designed to help indebted consumers refinance their mortgage debt; and inconsistent approaches used by nations to bail out troubled banking industries and private bondholders, assuming private debt burdens or socializing losses.
Causes of the Great Recession - Wikipedia

HOW does the cause of your phony $29 Trillion fall at the feet of GWB???
NOW dummy where is the proof to counter this statement:
TARP which was part of Bush's deficits was entirely paid back with a profit!

Bailout Scorecard | Eye on the Bailout | ProPublica

DEBT responsibility to GWB $622.5B
DEBT PAID back to Obama $698.3B
Net Profit credited to Obama's budget $75.8B
http://www.whitehouse.gov/omb/budget/Historicals
YET Obama even with this additional $698.3 Billion paid back Obama RACKED UP these DEFICITS!
[*]Year Receipts Outlays Surplus or Deficit (–)
[*]2000 2,025,191 1,788,950 236,241
[*]2001 1,991,082 1,862,846 128,236 Dot.com Bust, 9/11, Recession
[*]2002 1,853,136 2,010,894 -157,758
[*]2003 1,782,314 2,159,899 -377,585 tax cuts took affect worst hurricanes SEASONS in history
[*]2004 1,880,114 2,292,841 -412,727 biggest deficit..,, worst hurricanes SEASONS in history
[*]2005 2,153,611 2,471,957 -318,346 deficit decline,,worst hurricanes SEASONS in history
[*]2006 2,406,869 2,655,050 -248,181 deficit decline,,worst hurricanes SEASONS in history
[*]2007 2,567,985 2,728,686 -160,701 deficit decline
[*]2008 2,523,991 2,982,544 -458,553 housing bubble
[*]2009 2,104,989 3,517,677 -1,412,688 TARP,Stimulus

[*]2010 2,162,706 3,457,079 -1,294,373 This doesn't look like $600 billion deficit???
[*]2011 2,303,466 3,603,059 -1,299,593 This doesn't look like $600 billion deficit???
[*]2012 2,450,164 3,537,127 -1,086,963 This doesn't look like $600 billion deficit???
[*]2013 2,712,045 3,684,947 -972,902 estimate
[*]2014 3,033,618 3,777,807 -744,189 estimate
[*]2015 3,331,685 3,908,157 -576,472 estimate
[*]2016 3,561,451 4,089,836 -528,385 estimate
[*]2017 3,760,542 4,247,448 -486,906 estimate
[*]2018 3,973,974 4,449,240 -475,266 estimate
[/LIST]
View attachment 110517

$30 trillion just in lost household wealth and lost stock market wealth...

America's lost trillions

Dow hits new record, regaining losses from Great Recession

Obama added over $55 trillion to total wealth

You mean he printed $55 trillion of money. He didn't increase our wealth one iota.

If he did that the dollar would be useless and we would have runaway inflation

We have the strongest currency in the world and minimal inflation

That's exactly what he did, moron. What do you think the term "quantitative easing" means?

 

[rightwinger]

EXPLAIN to me how you come up with any credibility when you willy-nilly spout out NOTHING with ANY Proof!!!

YOU know any dummy can come up with a figure! Where in the hell DUMMY did you come up with $29 TRILLION????
Give me links. Proof that the so-called recession that has been directly linked to the

Many factors directly and indirectly caused the Great Recession (which started in 2007 with the US subprime mortgage crisis), with experts and economists placing different weights on particular causes.

Major causes of the initial subprime mortgage crisis and following recession include: International trade imbalances and lax lending standards contributing to high levels of developed country household debt and real-estate bubbles that have since burst; U.S. government housing policies; and limited regulation of non-depository financial institutions. Once the recession began, various responses were attempted with different degrees of success. These included fiscal policies of governments; monetary policies of central banks; measures designed to help indebted consumers refinance their mortgage debt; and inconsistent approaches used by nations to bail out troubled banking industries and private bondholders, assuming private debt burdens or socializing losses.
Causes of the Great Recession - Wikipedia

HOW does the cause of your phony $29 Trillion fall at the feet of GWB???
NOW dummy where is the proof to counter this statement:
TARP which was part of Bush's deficits was entirely paid back with a profit!

Bailout Scorecard | Eye on the Bailout | ProPublica

DEBT responsibility to GWB $622.5B
DEBT PAID back to Obama $698.3B
Net Profit credited to Obama's budget $75.8B
http://www.whitehouse.gov/omb/budget/Historicals
YET Obama even with this additional $698.3 Billion paid back Obama RACKED UP these DEFICITS!
[*]Year Receipts Outlays Surplus or Deficit (–)
[*]2000 2,025,191 1,788,950 236,241
[*]2001 1,991,082 1,862,846 128,236 Dot.com Bust, 9/11, Recession
[*]2002 1,853,136 2,010,894 -157,758
[*]2003 1,782,314 2,159,899 -377,585 tax cuts took affect worst hurricanes SEASONS in history
[*]2004 1,880,114 2,292,841 -412,727 biggest deficit..,, worst hurricanes SEASONS in history
[*]2005 2,153,611 2,471,957 -318,346 deficit decline,,worst hurricanes SEASONS in history
[*]2006 2,406,869 2,655,050 -248,181 deficit decline,,worst hurricanes SEASONS in history
[*]2007 2,567,985 2,728,686 -160,701 deficit decline
[*]2008 2,523,991 2,982,544 -458,553 housing bubble
[*]2009 2,104,989 3,517,677 -1,412,688 TARP,Stimulus

[*]2010 2,162,706 3,457,079 -1,294,373 This doesn't look like $600 billion deficit???
[*]2011 2,303,466 3,603,059 -1,299,593 This doesn't look like $600 billion deficit???
[*]2012 2,450,164 3,537,127 -1,086,963 This doesn't look like $600 billion deficit???
[*]2013 2,712,045 3,684,947 -972,902 estimate
[*]2014 3,033,618 3,777,807 -744,189 estimate
[*]2015 3,331,685 3,908,157 -576,472 estimate
[*]2016 3,561,451 4,089,836 -528,385 estimate
[*]2017 3,760,542 4,247,448 -486,906 estimate
[*]2018 3,973,974 4,449,240 -475,266 estimate
[/LIST]
View attachment 110517

$30 trillion just in lost household wealth and lost stock market wealth...

America's lost trillions

Dow hits new record, regaining losses from Great Recession

Obama added over $55 trillion to total wealth

You mean he printed $55 trillion of money. He didn't increase our wealth one iota.

If he did that the dollar would be useless and we would have runaway inflation

We have the strongest currency in the world and minimal inflation

That's exactly what he did, moron. What do you think the term "quantitative easing" means?

Economic miracle

Flood the market with cash, create 55 trillion in wealth and keep a strong dollar and no inflation

Obama is a genius

 

[bripat9643]

$30 trillion just in lost household wealth and lost stock market wealth...

America's lost trillions

Dow hits new record, regaining losses from Great Recession

Obama added over $55 trillion to total wealth

You mean he printed $55 trillion of money. He didn't increase our wealth one iota.

If he did that the dollar would be useless and we would have runaway inflation

We have the strongest currency in the world and minimal inflation

That's exactly what he did, moron. What do you think the term "quantitative easing" means?

Economic miracle

Flood the market with cash, create 55 trillion in wealth and keep a strong dollar and no inflation

Obama is a genius

He didn't create any new wealth, dumbass. Paper money isn't wealth. Cars, house and appliances are wealth. We aren't producing anymore now than we did 8 years ago.

 

[rightwinger]

Obama added over $55 trillion to total wealth

You mean he printed $55 trillion of money. He didn't increase our wealth one iota.

If he did that the dollar would be useless and we would have runaway inflation

We have the strongest currency in the world and minimal inflation

That's exactly what he did, moron. What do you think the term "quantitative easing" means?

Economic miracle

Flood the market with cash, create 55 trillion in wealth and keep a strong dollar and no inflation

Obama is a genius

He didn't create any new wealth, dumbass. Paper money isn't wealth. Cars, house and appliances are wealth. We aren't producing anymore now than we did 8 years ago.

Without wealth backing it....paper money is worthless dumbass

 

[bripat9643]

You mean he printed $55 trillion of money. He didn't increase our wealth one iota.

If he did that the dollar would be useless and we would have runaway inflation

We have the strongest currency in the world and minimal inflation

That's exactly what he did, moron. What do you think the term "quantitative easing" means?

Economic miracle

Flood the market with cash, create 55 trillion in wealth and keep a strong dollar and no inflation

Obama is a genius

He didn't create any new wealth, dumbass. Paper money isn't wealth. Cars, house and appliances are wealth. We aren't producing anymore now than we did 8 years ago.

Without wealth backing it....paper money is worthless dumbass

That's right, dumbass. So what is backing the $55 trillion Obama created out of thin air?

 

[ThunderKiss1965]

Who cares? Presidents don't decide who works or who doesn't.

I'm just curious. Why would you average in the first month or 3 months or 6 months of a president's term implying that he had anything to do with that unemployment rate?

Yeah so why do you lefties still blame Bush ? You know if the unemployment rate goes up tomorrow you Dems will be frothing at the mouth screaming TRUUUUUUUUMP!

 

[rightwinger]

If he did that the dollar would be useless and we would have runaway inflation

We have the strongest currency in the world and minimal inflation

That's exactly what he did, moron. What do you think the term "quantitative easing" means?

Economic miracle

Flood the market with cash, create 55 trillion in wealth and keep a strong dollar and no inflation

Obama is a genius

He didn't create any new wealth, dumbass. Paper money isn't wealth. Cars, house and appliances are wealth. We aren't producing anymore now than we did 8 years ago.

Without wealth backing it....paper money is worthless dumbass

That's right, dumbass. So what is backing the $55 trillion Obama created out of thin air?

The U.S. Economy

If the money were just paper. It would have no value and inflation would be rampant

 

[bripat9643]

That's exactly what he did, moron. What do you think the term "quantitative easing" means?

Economic miracle

Flood the market with cash, create 55 trillion in wealth and keep a strong dollar and no inflation

Obama is a genius

He didn't create any new wealth, dumbass. Paper money isn't wealth. Cars, house and appliances are wealth. We aren't producing anymore now than we did 8 years ago.

Without wealth backing it....paper money is worthless dumbass

That's right, dumbass. So what is backing the $55 trillion Obama created out of thin air?

The U.S. Economy

If the money were just paper. It would have no value and inflation would be rampant

The output of the U.S. economy is no greater now than it was in 2009, but you claim $55 trillion in new wealth was created. Where is it?

 

[rightwinger]

Economic miracle

Flood the market with cash, create 55 trillion in wealth and keep a strong dollar and no inflation

Obama is a genius

He didn't create any new wealth, dumbass. Paper money isn't wealth. Cars, house and appliances are wealth. We aren't producing anymore now than we did 8 years ago.

Without wealth backing it....paper money is worthless dumbass

That's right, dumbass. So what is backing the $55 trillion Obama created out of thin air?

The U.S. Economy

If the money were just paper. It would have no value and inflation would be rampant

The output of the U.S. economy is no greater now than it was in 2009, but you claim $55 trillion in new wealth was created. Where is it?

Corporate America, small business, personal wealth

 

[edthecynic]

The output of the U.S. economy is no greater now than it was in 2009

LIAR!