Trump blames Obama for doubling the debt

[Aletheia4u]

 

[Meathead]

Bush absolutely wrecked the world most incredibly incompetent president ever and he'll be the blame for the world for years to come. After Obama we have the best economy in the world and are basically out of the stupidest Wars ever. Not bad considering Republicans fought him every step of the way even on their own ideas and solutions. The only reason anyone vote for them is because they're totally misinformed by the biggest and most disgraceful propaganda machine ever, super dupe.

I almost never read your posts so I never realized that you're either semi-literate or that English isn't your first language. or perhaps both.

 

[Richard-H]

One way or another the dumb ass RWNJ's have voted for a government that is hell bent on continuing to create a royal class here in America and destroying everyone else.

 

[ElmerMudd]

Tonight rump blamed Obama for the debt under his administration.

1) Most of that debt was due to the Bush Administration's worst recession in 80 years as the deficit in 2009 was estimated to be over a trillion even before Obama took office.

2) Trump had made no improvements in the deficit since taking office despite taking over in a the midst of the longest streak (broken by Trump) of job gains & low unemployment

3) If you want to see huge deficits again, let Trump pass his tax plan. The Bush tax cut was a major part of that Great Recession

Democrats caused the Great Recession with their mortgage policies and then blamed it on Bush.
Bush's tax cut got us out of the Tech Stock Bubble recession.
Left Wingers are dumb.

Less regulation of mortgages contributed to the recession. That was driven by Republicans. Making mortgages easier to obtain was driven by Democrats. The biggest driver was the approval of derivative by both parties.

But ultimately it was caused by greedy bankers finding ways to take advantage of the above to make excessive profits and then bailing when they had the excessive losses that came with the risky investments created.
More regulations would have caught the slime buckets.
These simple minded people who want to blame one party on a simplistic interpretation that is false.
Trump supporters want everything to be simpler than it is.

The biggest driver was the approval of derivative by both parties.

Why do you think that?

I am speaking of derivatives that were created as a hedge on mortgages allowing one mortgage to back many derivatives. When a mortgage failed it had a multiplier effect of the loss through the economy.

When a mortgage failed it had a multiplier effect of the loss through the economy.

Say Elmer Bank holds a $500,000 mortgage and buys a derivative from Goldman Sachs to hedge the risk.
The mortgage fails. Elmer Bank loses $100,000. Goldman pays Elmer Bank $100,000.

How is that multiplying through the economy?

Many derivatives can be sold against the one $500,000 mortgage. The derivatives themselves can be traded.

 

[ElmerMudd]

Tonight rump blamed Obama for the debt under his administration.

1) Most of that debt was due to the Bush Administration's worst recession in 80 years as the deficit in 2009 was estimated to be over a trillion even before Obama took office.

2) Trump had made no improvements in the deficit since taking office despite taking over in a the midst of the longest streak (broken by Trump) of job gains & low unemployment

3) If you want to see huge deficits again, let Trump pass his tax plan. The Bush tax cut was a major part of that Great Recession

Democrats caused the Great Recession with their mortgage policies and then blamed it on Bush.
Bush's tax cut got us out of the Tech Stock Bubble recession.
Left Wingers are dumb.

Less regulation of mortgages contributed to the recession. That was driven by Republicans. Making mortgages easier to obtain was driven by Democrats. The biggest driver was the approval of derivative by both parties.

But ultimately it was caused by greedy bankers finding ways to take advantage of the above to make excessive profits and then bailing when they had the excessive losses that came with the risky investments created.
More regulations would have caught the slime buckets.
These simple minded people who want to blame one party on a simplistic interpretation that is false.
Trump supporters want everything to be simpler than it is.

The root cause of the Great Recession is liberal culture which produces lower class people who don't pay their bills and who have bad credit. That is why Clinton lowered the mortgage lending standards.

Let me help you Trogsimplemind, below is how derivatives were a much bigger factor than easy loans for low income individuals as a cause of the 2008 recession. There is much more you need to learn before you understand other issues. Stupidity ends with stupid results. Stupidity ended up with Trump being elected President of the USA.

"The real cause of the 2008 financial crisis was the proliferation of unregulated derivatives in the last decade. These are complicated financial products that derive their value by reference to an underlying asset or index. A good example of a derivative is a mortgage-backed security.

most derivatives start with a real asset. Here's how they work, using a mortgage-backed security as an example.

• A bank lends money to a homebuyer.
• The bank then sells the mortgage to Fannie Mae. This gives the bank more funds to make new loans.
• Fannie Mae resells the mortgage in a package of other mortgages on the secondary market. This is a mortgage-backed security, which has a value that is derived by value of the mortgages in the bundle.
• Often the MBS is bought by a hedge fund, which then slices out portion of the MBS, let's say the second and third years of the interest-only loans, which is riskier since it is farther out, but also provides a higher interest payment. It uses sophisticated computer programs to figure out all this complexity. It then combines it with similar risk levels of other MBS and resells just that portion, called a tranche, to other hedge funds.
• All goes well until housing prices decline or interest rates reset and the mortgages start to default.

That's what happened between 2004 and 2006 when the Federal Reserve started raising the fed funds rate.

 

[postman]

One way or another the dumb ass RWNJ's have voted for a government that is hell bent on continuing to create a royal class here in America and destroying everyone else.

Trumps cabinet has an estimated worth equal to 40% of the entire country.

 

[TroglocratsRdumb]

Tonight rump blamed Obama for the debt under his administration.

1) Most of that debt was due to the Bush Administration's worst recession in 80 years as the deficit in 2009 was estimated to be over a trillion even before Obama took office.

2) Trump had made no improvements in the deficit since taking office despite taking over in a the midst of the longest streak (broken by Trump) of job gains & low unemployment

3) If you want to see huge deficits again, let Trump pass his tax plan. The Bush tax cut was a major part of that Great Recession

Democrats caused the Great Recession with their mortgage policies and then blamed it on Bush.
Bush's tax cut got us out of the Tech Stock Bubble recession.
Left Wingers are dumb.

Less regulation of mortgages contributed to the recession. That was driven by Republicans. Making mortgages easier to obtain was driven by Democrats. The biggest driver was the approval of derivative by both parties.

But ultimately it was caused by greedy bankers finding ways to take advantage of the above to make excessive profits and then bailing when they had the excessive losses that came with the risky investments created.
More regulations would have caught the slime buckets.
These simple minded people who want to blame one party on a simplistic interpretation that is false.
Trump supporters want everything to be simpler than it is.

Clinton did not lower the lending standards. Banks decided if the lenders could afford to pay the loans back.



The root cause of the Great Recession is liberal culture which produces lower class people who don't pay their bills and who have bad credit. That is why Clinton lowered the mortgage lending standards.

lol daayuuum the Troglocrats refuse to accept the reality of the Democrat Great Recession

 

[TroglocratsRdumb]

Tonight rump blamed Obama for the debt under his administration.

1) Most of that debt was due to the Bush Administration's worst recession in 80 years as the deficit in 2009 was estimated to be over a trillion even before Obama took office.

2) Trump had made no improvements in the deficit since taking office despite taking over in a the midst of the longest streak (broken by Trump) of job gains & low unemployment

3) If you want to see huge deficits again, let Trump pass his tax plan. The Bush tax cut was a major part of that Great Recession

Democrats caused the Great Recession with their mortgage policies and then blamed it on Bush.
Bush's tax cut got us out of the Tech Stock Bubble recession.
Left Wingers are dumb.

Less regulation of mortgages contributed to the recession. That was driven by Republicans. Making mortgages easier to obtain was driven by Democrats. The biggest driver was the approval of derivative by both parties.

But ultimately it was caused by greedy bankers finding ways to take advantage of the above to make excessive profits and then bailing when they had the excessive losses that came with the risky investments created.
More regulations would have caught the slime buckets.
These simple minded people who want to blame one party on a simplistic interpretation that is false.
Trump supporters want everything to be simpler than it is.

The root cause of the Great Recession is liberal culture which produces lower class people who don't pay their bills and who have bad credit. That is why Clinton lowered the mortgage lending standards.

Let me help you Trogsimplemind, below is how derivatives were a much bigger factor than easy loans for low income individuals as a cause of the 2008 recession. There is much more you need to learn before you understand other issues. Stupidity ends with stupid results. Stupidity ended up with Trump being elected President of the USA.

"The real cause of the 2008 financial crisis was the proliferation of unregulated derivatives in the last decade. These are complicated financial products that derive their value by reference to an underlying asset or index. A good example of a derivative is a mortgage-backed security.

most derivatives start with a real asset. Here's how they work, using a mortgage-backed security as an example.

• A bank lends money to a homebuyer.
• The bank then sells the mortgage to Fannie Mae. This gives the bank more funds to make new loans.
• Fannie Mae resells the mortgage in a package of other mortgages on the secondary market. This is a mortgage-backed security, which has a value that is derived by value of the mortgages in the bundle.
• Often the MBS is bought by a hedge fund, which then slices out portion of the MBS, let's say the second and third years of the interest-only loans, which is riskier since it is farther out, but also provides a higher interest payment. It uses sophisticated computer programs to figure out all this complexity. It then combines it with similar risk levels of other MBS and resells just that portion, called a tranche, to other hedge funds.
• All goes well until housing prices decline or interest rates reset and the mortgages start to default.

That's what happened between 2004 and 2006 when the Federal Reserve started raising the fed funds rate.

Articles: Uh, Hillary, Your Hubby Caused the 2008 Recession

 

[TroglocratsRdumb]

Tonight rump blamed Obama for the debt under his administration.

1) Most of that debt was due to the Bush Administration's worst recession in 80 years as the deficit in 2009 was estimated to be over a trillion even before Obama took office.

2) Trump had made no improvements in the deficit since taking office despite taking over in a the midst of the longest streak (broken by Trump) of job gains & low unemployment

3) If you want to see huge deficits again, let Trump pass his tax plan. The Bush tax cut was a major part of that Great Recession

Democrats caused the Great Recession with their mortgage policies and then blamed it on Bush.
Bush's tax cut got us out of the Tech Stock Bubble recession.
Left Wingers are dumb.

Less regulation of mortgages contributed to the recession. That was driven by Republicans. Making mortgages easier to obtain was driven by Democrats. The biggest driver was the approval of derivative by both parties.

But ultimately it was caused by greedy bankers finding ways to take advantage of the above to make excessive profits and then bailing when they had the excessive losses that came with the risky investments created.
More regulations would have caught the slime buckets.
These simple minded people who want to blame one party on a simplistic interpretation that is false.
Trump supporters want everything to be simpler than it is.

The root cause of the Great Recession is liberal culture which produces lower class people who don't pay their bills and who have bad credit. That is why Clinton lowered the mortgage lending standards.

And then Republican regulators and their corrupt cronies in private lending institutions did away with them all together and would give toxic mortgages to anyone who could sign. You have no clue and you never will get one listening to Fox Rush Limbaugh and all those other bought off scumbags...

Articles: Uh, Hillary, Your Hubby Caused the 2008 Recession

 

[TroglocratsRdumb]

Tonight rump blamed Obama for the debt under his administration.

1) Most of that debt was due to the Bush Administration's worst recession in 80 years as the deficit in 2009 was estimated to be over a trillion even before Obama took office.

2) Trump had made no improvements in the deficit since taking office despite taking over in a the midst of the longest streak (broken by Trump) of job gains & low unemployment

3) If you want to see huge deficits again, let Trump pass his tax plan. The Bush tax cut was a major part of that Great Recession

Democrats caused the Great Recession with their mortgage policies and then blamed it on Bush.
Bush's tax cut got us out of the Tech Stock Bubble recession.
Left Wingers are dumb.

Less regulation of mortgages contributed to the recession. That was driven by Republicans. Making mortgages easier to obtain was driven by Democrats. The biggest driver was the approval of derivative by both parties.

But ultimately it was caused by greedy bankers finding ways to take advantage of the above to make excessive profits and then bailing when they had the excessive losses that came with the risky investments created.
More regulations would have caught the slime buckets.
These simple minded people who want to blame one party on a simplistic interpretation that is false.
Trump supporters want everything to be simpler than it is.

The biggest driver was the approval of derivative by both parties.

Why do you think that?

Don't be a sealion. Why Sealioning Is Bad

Informed people know about the drivers. If you don't, start researching.

Articles: Uh, Hillary, Your Hubby Caused the 2008 Recession

 

[Toddsterpatriot]

Democrats caused the Great Recession with their mortgage policies and then blamed it on Bush.
Bush's tax cut got us out of the Tech Stock Bubble recession.
Left Wingers are dumb.

Less regulation of mortgages contributed to the recession. That was driven by Republicans. Making mortgages easier to obtain was driven by Democrats. The biggest driver was the approval of derivative by both parties.

But ultimately it was caused by greedy bankers finding ways to take advantage of the above to make excessive profits and then bailing when they had the excessive losses that came with the risky investments created.
More regulations would have caught the slime buckets.
These simple minded people who want to blame one party on a simplistic interpretation that is false.
Trump supporters want everything to be simpler than it is.

The biggest driver was the approval of derivative by both parties.

Why do you think that?

I am speaking of derivatives that were created as a hedge on mortgages allowing one mortgage to back many derivatives. When a mortgage failed it had a multiplier effect of the loss through the economy.

When a mortgage failed it had a multiplier effect of the loss through the economy.

Say Elmer Bank holds a $500,000 mortgage and buys a derivative from Goldman Sachs to hedge the risk.
The mortgage fails. Elmer Bank loses $100,000. Goldman pays Elmer Bank $100,000.

How is that multiplying through the economy?

Many derivatives can be sold against the one $500,000 mortgage. The derivatives themselves can be traded.

Yup. A bunch of zero sum trades. So what?

 

[LordBrownTrout]

Tonight rump blamed Obama for the debt under his administration.

1) Most of that debt was due to the Bush Administration's worst recession in 80 years as the deficit in 2009 was estimated to be over a trillion even before Obama took office.

2) Trump had made no improvements in the deficit since taking office despite taking over in a the midst of the longest streak (broken by Trump) of job gains & low unemployment

3) If you want to see huge deficits again, let Trump pass his tax plan. The Bush tax cut was a major part of that Great Recession

They way Dims measure Bush's debt is by counting any that occured during the time he was in office. Now they want to make excuses for Obama and use a different standard.

We got US debt through wars and cutting taxes for the rich.

Wars on a for-profit basis only help the rich get richer faster, especially when the rich want to cut social services for the poor, to pay for it.

There is the little matter of welfare and unemployment for victims of the 2008 corrupt GOP World depression. Together they added up to approximately 800 billion a year in 2009 to still about 200 billion a year now five or six trillion in total... Then there's the bailouts another trillion or two and God knows what else. Bush regulators and their cronies in private lending institutions really did a number.

Tell us how O voted for those bailouts. I was against them when he, bush, and congress voted for them.

 

[Toddsterpatriot]

Tonight rump blamed Obama for the debt under his administration.

1) Most of that debt was due to the Bush Administration's worst recession in 80 years as the deficit in 2009 was estimated to be over a trillion even before Obama took office.

2) Trump had made no improvements in the deficit since taking office despite taking over in a the midst of the longest streak (broken by Trump) of job gains & low unemployment

3) If you want to see huge deficits again, let Trump pass his tax plan. The Bush tax cut was a major part of that Great Recession

Democrats caused the Great Recession with their mortgage policies and then blamed it on Bush.
Bush's tax cut got us out of the Tech Stock Bubble recession.
Left Wingers are dumb.

Less regulation of mortgages contributed to the recession. That was driven by Republicans. Making mortgages easier to obtain was driven by Democrats. The biggest driver was the approval of derivative by both parties.

But ultimately it was caused by greedy bankers finding ways to take advantage of the above to make excessive profits and then bailing when they had the excessive losses that came with the risky investments created.
More regulations would have caught the slime buckets.
These simple minded people who want to blame one party on a simplistic interpretation that is false.
Trump supporters want everything to be simpler than it is.

The root cause of the Great Recession is liberal culture which produces lower class people who don't pay their bills and who have bad credit. That is why Clinton lowered the mortgage lending standards.

Let me help you Trogsimplemind, below is how derivatives were a much bigger factor than easy loans for low income individuals as a cause of the 2008 recession. There is much more you need to learn before you understand other issues. Stupidity ends with stupid results. Stupidity ended up with Trump being elected President of the USA.

"The real cause of the 2008 financial crisis was the proliferation of unregulated derivatives in the last decade. These are complicated financial products that derive their value by reference to an underlying asset or index. A good example of a derivative is a mortgage-backed security.

most derivatives start with a real asset. Here's how they work, using a mortgage-backed security as an example.

• A bank lends money to a homebuyer.
• The bank then sells the mortgage to Fannie Mae. This gives the bank more funds to make new loans.
• Fannie Mae resells the mortgage in a package of other mortgages on the secondary market. This is a mortgage-backed security, which has a value that is derived by value of the mortgages in the bundle.
• Often the MBS is bought by a hedge fund, which then slices out portion of the MBS, let's say the second and third years of the interest-only loans, which is riskier since it is farther out, but also provides a higher interest payment. It uses sophisticated computer programs to figure out all this complexity. It then combines it with similar risk levels of other MBS and resells just that portion, called a tranche, to other hedge funds.
• All goes well until housing prices decline or interest rates reset and the mortgages start to default.

That's what happened between 2004 and 2006 when the Federal Reserve started raising the fed funds rate.

most derivatives start with a real asset. Here's how they work, using a mortgage-backed security as an example.

MBS issued by Fannie Mae aren't derivatives.
They're bonds carved out of a pile of bonds.

 

[JakeStarkey]

Tonight rump blamed Obama for the debt under his administration.

1) Most of that debt was due to the Bush Administration's worst recession in 80 years as the deficit in 2009 was estimated to be over a trillion even before Obama took office.

2) Trump had made no improvements in the deficit since taking office despite taking over in a the midst of the longest streak (broken by Trump) of job gains & low unemployment

3) If you want to see huge deficits again, let Trump pass his tax plan. The Bush tax cut was a major part of that Great Recession

Democrats caused the Great Recession with their mortgage policies and then blamed it on Bush.
Bush's tax cut got us out of the Tech Stock Bubble recession.
Left Wingers are dumb.

Less regulation of mortgages contributed to the recession. That was driven by Republicans. Making mortgages easier to obtain was driven by Democrats. The biggest driver was the approval of derivative by both parties.

But ultimately it was caused by greedy bankers finding ways to take advantage of the above to make excessive profits and then bailing when they had the excessive losses that came with the risky investments created.
More regulations would have caught the slime buckets.
These simple minded people who want to blame one party on a simplistic interpretation that is false.
Trump supporters want everything to be simpler than it is.

The biggest driver was the approval of derivative by both parties.

Why do you think that?

Don't be a sealion. Why Sealioning Is Bad

Informed people know about the drivers. If you don't, start researching.

Bad mortgages. Cost the banks hundreds of billions.
It was in all the papers.

Good on you! That was part of it, along with the derivatives. Keep studying.

 

[JakeStarkey]

Tonight rump blamed Obama for the debt under his administration.

1) Most of that debt was due to the Bush Administration's worst recession in 80 years as the deficit in 2009 was estimated to be over a trillion even before Obama took office.

2) Trump had made no improvements in the deficit since taking office despite taking over in a the midst of the longest streak (broken by Trump) of job gains & low unemployment

3) If you want to see huge deficits again, let Trump pass his tax plan. The Bush tax cut was a major part of that Great Recession

Democrats caused the Great Recession with their mortgage policies and then blamed it on Bush.
Bush's tax cut got us out of the Tech Stock Bubble recession.
Left Wingers are dumb.

Less regulation of mortgages contributed to the recession. That was driven by Republicans. Making mortgages easier to obtain was driven by Democrats. The biggest driver was the approval of derivative by both parties.

But ultimately it was caused by greedy bankers finding ways to take advantage of the above to make excessive profits and then bailing when they had the excessive losses that came with the risky investments created.
More regulations would have caught the slime buckets.
These simple minded people who want to blame one party on a simplistic interpretation that is false.
Trump supporters want everything to be simpler than it is.

You misunderstand. Go read.

The root cause of the Great Recession is liberal culture which produces lower class people who don't pay their bills and who have bad credit. That is why Clinton lowered the mortgage lending standards.

Let me help you Trogsimplemind, below is how derivatives were a much bigger factor than easy loans for low income individuals as a cause of the 2008 recession. There is much more you need to learn before you understand other issues. Stupidity ends with stupid results. Stupidity ended up with Trump being elected President of the USA.

"The real cause of the 2008 financial crisis was the proliferation of unregulated derivatives in the last decade. These are complicated financial products that derive their value by reference to an underlying asset or index. A good example of a derivative is a mortgage-backed security.

most derivatives start with a real asset. Here's how they work, using a mortgage-backed security as an example.

• A bank lends money to a homebuyer.
• The bank then sells the mortgage to Fannie Mae. This gives the bank more funds to make new loans.
• Fannie Mae resells the mortgage in a package of other mortgages on the secondary market. This is a mortgage-backed security, which has a value that is derived by value of the mortgages in the bundle.
• Often the MBS is bought by a hedge fund, which then slices out portion of the MBS, let's say the second and third years of the interest-only loans, which is riskier since it is farther out, but also provides a higher interest payment. It uses sophisticated computer programs to figure out all this complexity. It then combines it with similar risk levels of other MBS and resells just that portion, called a tranche, to other hedge funds.
• All goes well until housing prices decline or interest rates reset and the mortgages start to default.

That's what happened between 2004 and 2006 when the Federal Reserve started raising the fed funds rate.

most derivatives start with a real asset. Here's how they work, using a mortgage-backed security as an example.

MBS issued by Fannie Mae aren't derivatives.
They're bonds carved out of a pile of bonds.

 

[Brain357]

Congress controls the purse strings.

 

[BluesLegend]

Tonight rump blamed Obama for the debt under his administration.

1) Most of that debt was due to the Bush Administration's worst recession in 80 years as the deficit in 2009 was estimated to be over a trillion even before Obama took office.

2) Trump had made no improvements in the deficit since taking office despite taking over in a the midst of the longest streak (broken by Trump) of job gains & low unemployment

3) If you want to see huge deficits again, let Trump pass his tax plan. The Bush tax cut was a major part of that Great Recession

Nearing a decade later and you're still blaming Bush II for Obama's failures?!

Bush absolutely wrecked the world most incredibly incompetent president ever and he'll be the blame for the world for years to come. After Obama we have the best economy in the world and are basically out of the stupidest Wars ever. Not bad considering Republicans fought him every step of the way even on their own ideas and solutions. The only reason anyone vote for them is because they're totally misinformed by the biggest and most disgraceful propaganda machine ever, super dupe.

Obama was so awesome people voted for Trump rather than continue his policies

 

[JakeStarkey]

If Obama had been able to run again, Trump would not have got into the race.

 

[BluesLegend]

If Obama had been able to run again, Trump would not have got into the race.

Obama said his policies and legacy were running in 2016 and he lost. So much for your theory.

 

[Brain357]

If Obama had been able to run again, Trump would not have got into the race.

Obama said his policies and legacy were running in 2016 and he lost. So much for your theory.

So far trumps legacy will be blank..