Trump: Largest Debt per year by any President

[Mac1958]

Holy shit, how much abject DELUSION does it take to say that Obama inherited ANYTHING but a fucking DISASTER.

I realize talk radio avoids obvious stuff like that, but for fuck's sake, you COULDN'T have MISSED it.

Obama inherited a falling stock market brought about by bad mortgage policy put in place by democrats. Giving mortgages to people who could never make the payments was the height of stupidity and was the direct cause of the 08 market drop.

BTW, it was not a "great depression" as many idiot liberals have labeled it.

You can’t blame Democrats for the 2008 financial disaster when Republicans had SEVEN (7) years to prevent that Wall Street GREED.

what caused the 08 market correction was bad democrat mortgage policy, nothing more. and even so it was not a financial disaster. But you are correct that obama increased our national debt by more than all previous presidents combined.

as to wall street, they have always been greedy and mostly in the pockets of the dems for years.

It was “Republican mortgage policy” under the Bush administration for 7 years before the 2008 meltdown.
If Bush and supporters were really concerned about that mortgage policy, they has ample time to change it.

The mortgages themselves were not the big problem.

It was where they went AFTER they were written.

But again, the Trumpsters are ignorant about that.

 

[Mac1958]

The Trumpsters are trying to blame the Meltdown on Obama.

You can't fucking make this up.

 

[Fang]

Trump pledged to eliminate the deficit and reduce our national debt if elected. Instead, he has accumulated debt at a record pace. Doesn’t even include his recent borrowing of $2.2 trillion

US Debt by President: Dollar and Percentage

Depending on how you measure it, different presidents have added to the national debt. Check out how the national debt has increased by year and president.

www.thebalance.com

Bush 43: $.725 trillion

Obama: $ 1.075 trillion

Trump: $1.2 trillion

COVID-19 makes this argument rather pointless. Democrats have owned the House and initiated the 2 trillion stimulus themselves.

 

[Fang]

The Trumpsters are trying to blame the Meltdown on Obama.

You can't fucking make this up.

We're not making it up. Go back and do your homework. Democrats and Barney Frank we're primarily responsible for the meltdown that both Bush and McCain warned about.

 

[Redfish]

The bigger fraud was to repackage the collapse and blame poor people

yep, thats exactly what obozo and the dems did. thanks for finally admitting it.

Link

I don't need to link it, I lived through it, experienced it first hand.

 

[Redfish]

The Trumpsters are trying to blame the Meltdown on Obama.

You can't fucking make this up.

presidents get credit or blame for what happens during their time in office. Obozo could have fixed this mess but he ignored it and instead sent money to Solyndra and other failing "climate change" frauds.

 

[Redfish]

Holy shit, how much abject DELUSION does it take to say that Obama inherited ANYTHING but a fucking DISASTER.

I realize talk radio avoids obvious stuff like that, but for fuck's sake, you COULDN'T have MISSED it.

Obama inherited a falling stock market brought about by bad mortgage policy put in place by democrats. Giving mortgages to people who could never make the payments was the height of stupidity and was the direct cause of the 08 market drop.

BTW, it was not a "great depression" as many idiot liberals have labeled it.

That is a myth
It wasn’t poor people instigating the worst recession in 70 years. It was rich people speculating on a real estate bubble, banks giving loans on a speculated market.

When it went bust, it was the poor people who caught the worst of it. The rich were bailed out

And even that was just beginning, as these shit loans were packaged into shit CDOs and CMOs, magically received AAA ratings from the ratings agencies, were sold with virtually ZERO regulations, were wiped clean of risk for all concerned with credit default swaps that had NOTHING in reserve if needed, and were BET AGAINST by the very banks that were fucking SELLING them. And much more, of course.

But the Trumpsters don't know any of that, because those facts aren't allowed in the Trumpiverse and are kept from them. Or they're "fake news".

and who was president when all this happened???? hint: initials are BHO.

You can't possibly be this ignorant.

The shit hit the fan long before he was elected.

Where is the HELL do you get your "information"?

Holy shit.

the market dropped during his time in office, he could have prevented it, so its on him 100%., and whatever happens during Trump's time in office will be on him, good or bad. Thats the way it works.

 

[Mac1958]

The Trumpsters are trying to blame the Meltdown on Obama.

You can't fucking make this up.

We're not making it up. Go back and do your homework. Democrats and Barney Frank we're primarily responsible for the meltdown that both Bush and McCain warned about.

I realize how much has been kept from you. But YOU, and you alone, are responsible for your ignorance.

Let's see you and Redfish provide us with SPECIFIC, INFORMED, CLEAR answers to these CLEAR and SPECIFIC questions. You'd be the first Trumpster to do so:

1. How did the Democrats force the banks to create shitty, opaque CMOs packed with shit loans with massive balloon payments and damn near zero lender standards?
2. How did the Democrats force the banks to create and sell the even MORE hideous CDOs that didn't even fully INCLUDE the above-mentioned shit mortgages?
3. How did the Democrats force banks like Bear and Lehman to lever up to THIRTY FREAKING PERCENT to load up on securities they knew where essentially hollow?
4. How did the Democrats force mortgage companies to SELL OFF those shit mortgages to the banks to be put in those CMO's, often by the very next day?
5. How did the Democrats force the ratings agencies to SELL AAA (TREASURY-level) ratings on those shit securities, making them highly attractive to buy?
6. How did the Democrats force mortgage companies to write no-doc loans with insane balloons, knowing they'd be sold off in 12 hours into a shit CMO at NO risk?
7. How did the Democrats force the banks to threaten the ratings agencies with lost business if they didn't give them AAA ratings on shit securities?
8. How did the Democrats force Alan Greenspan to REFUSE to regulate derivatives while CFTC Chairwoman Brooksley Borns was PUBLICLY BEGGING him to?
9. How did the Democrats force Greenspan to admit to CONGRESS after the Meltdown happened that he BLEW it, that markets had FAILED to regulate themselves?
10. How did the Democrats force the banks to drop their standards far below what was required when they needed more shit CMO's and CDO's to SELL OFF for huge fees?
11. How did the Democrats force the banks to SHORT the VERY SAME shit securities THEY WERE SELLING TO THEIR CLIENTS, WHILE the whole fucking THING was COLLAPSING?
12. How did the Democrats force GS & John Paulson to create shit CMO's that were SPECIFICALLY EXPECTED to FAIL so they could buy swaps on them, making Paulson $2 BILLION?
13. How did the Democrats force banks to spin off companies that sold insane synthetic CDOs that had NOTHING to do with mortgages, but FLOODED them with fees & leverage?
14. How did the Democrats force AIG to write zillions in credit default swaps with ZERO fucking reserves - REQUIRED for ANY OTHER insurance product - to back them up?

Go.

 

[Fang]

The Trumpsters are trying to blame the Meltdown on Obama.

You can't fucking make this up.

We're not making it up. Go back and do your homework. Democrats and Barney Frank we're primarily responsible for the meltdown that both Bush and McCain warned about.

I realize how much has been kept from you. But YOU, and you alone, are responsible for your ignorance.

Let's see you and Redfish provide us with SPECIFIC, INFORMED, CLEAR answers to these CLEAR and SPECIFIC questions. You'd be the first Trumpster to do so:

1. How did the Democrats force the banks to create shitty, opaque CMOs packed with shit loans with massive balloon payments and damn near zero lender standards?
2. How did the Democrats force the banks to create and sell the even MORE hideous CDOs that didn't even fully INCLUDE the above-mentioned shit mortgages?
3. How did the Democrats force banks like Bear and Lehman to lever up to THIRTY FREAKING PERCENT to load up on securities they knew where essentially hollow?
4. How did the Democrats force mortgage companies to SELL OFF those shit mortgages to the banks to be put in those CMO's, often by the very next day?
5. How did the Democrats force the ratings agencies to SELL AAA (TREASURY-level) ratings on those shit securities, making them highly attractive to buy?
6. How did the Democrats force mortgage companies to write no-doc loans with insane balloons, knowing they'd be sold off in 12 hours into a shit CMO at NO risk?
7. How did the Democrats force the banks to threaten the ratings agencies with lost business if they didn't give them AAA ratings on shit securities?
8. How did the Democrats force Alan Greenspan to REFUSE to regulate derivatives while CFTC Chairwoman Brooksley Borns was PUBLICLY BEGGING him to?
9. How did the Democrats force Greenspan to admit to CONGRESS after the Meltdown happened that he BLEW it, that markets had FAILED to regulate themselves?
10. How did the Democrats force the banks to drop their standards far below what was required when they needed more shit CMO's and CDO's to SELL OFF for huge fees?
11. How did the Democrats force the banks to SHORT the VERY SAME shit securities THEY WERE SELLING TO THEIR CLIENTS, WHILE the whole fucking THING was COLLAPSING?
12. How did the Democrats force GS & John Paulson to create shit CMO's that were SPECIFICALLY EXPECTED to FAIL so they could buy swaps on them, making Paulson $2 BILLION?
13. How did the Democrats force banks to spin off companies that sold insane synthetic CDOs that had NOTHING to do with mortgages, but FLOODED them with fees & leverage?
14. How did the Democrats force AIG to write zillions in credit default swaps with ZERO fucking reserves - REQUIRED for ANY OTHER insurance product - to back them up?

Go.

The forum's ignorant partisan hack has spoken. LOL Go do your own research. It's not my job to educate you.

 

[Mac1958]

The Trumpsters are trying to blame the Meltdown on Obama.

You can't fucking make this up.

We're not making it up. Go back and do your homework. Democrats and Barney Frank we're primarily responsible for the meltdown that both Bush and McCain warned about.

I realize how much has been kept from you. But YOU, and you alone, are responsible for your ignorance.

Let's see you and Redfish provide us with SPECIFIC, INFORMED, CLEAR answers to these CLEAR and SPECIFIC questions. You'd be the first Trumpster to do so:

1. How did the Democrats force the banks to create shitty, opaque CMOs packed with shit loans with massive balloon payments and damn near zero lender standards?
2. How did the Democrats force the banks to create and sell the even MORE hideous CDOs that didn't even fully INCLUDE the above-mentioned shit mortgages?
3. How did the Democrats force banks like Bear and Lehman to lever up to THIRTY FREAKING PERCENT to load up on securities they knew where essentially hollow?
4. How did the Democrats force mortgage companies to SELL OFF those shit mortgages to the banks to be put in those CMO's, often by the very next day?
5. How did the Democrats force the ratings agencies to SELL AAA (TREASURY-level) ratings on those shit securities, making them highly attractive to buy?
6. How did the Democrats force mortgage companies to write no-doc loans with insane balloons, knowing they'd be sold off in 12 hours into a shit CMO at NO risk?
7. How did the Democrats force the banks to threaten the ratings agencies with lost business if they didn't give them AAA ratings on shit securities?
8. How did the Democrats force Alan Greenspan to REFUSE to regulate derivatives while CFTC Chairwoman Brooksley Borns was PUBLICLY BEGGING him to?
9. How did the Democrats force Greenspan to admit to CONGRESS after the Meltdown happened that he BLEW it, that markets had FAILED to regulate themselves?
10. How did the Democrats force the banks to drop their standards far below what was required when they needed more shit CMO's and CDO's to SELL OFF for huge fees?
11. How did the Democrats force the banks to SHORT the VERY SAME shit securities THEY WERE SELLING TO THEIR CLIENTS, WHILE the whole fucking THING was COLLAPSING?
12. How did the Democrats force GS & John Paulson to create shit CMO's that were SPECIFICALLY EXPECTED to FAIL so they could buy swaps on them, making Paulson $2 BILLION?
13. How did the Democrats force banks to spin off companies that sold insane synthetic CDOs that had NOTHING to do with mortgages, but FLOODED them with fees & leverage?
14. How did the Democrats force AIG to write zillions in credit default swaps with ZERO fucking reserves - REQUIRED for ANY OTHER insurance product - to back them up?

Go.

The forum's ignorant partisan hack has spoken. LOL Go do your own research. It's not my job to educate you.

Yeah, I didn't think so.

Dismissed.

 

[NoNukes]

Barack Obama: Added $8.588 trillion, a 74% increase from the $11.657 trillion debt at the end of Bush’s last budget, FY 2009.

Saying "Obama: Added $8.588 trillion" does not take in to account how much of that amount was due to factors out of his control, like inheriting a deep recession. One we could have recovered faster from if not for Repub sabotage.

He inherited the recovery. What are you talking about? LMAO!

You're so stupid.

U.S. recession, officially lasting from December 2007 to June 2009. When Did Obama take Office?

Do your own math.

He inherited a good economy and took credit for it.

Obama?

Obama inherited a disaster. Trump inherited a good economy and drastically increased deficits our children will have to pay for.

neither is true. you are a victim of the lying media

They are both true.

Obama inherited an economy that was working, then in 08 we had a market correction driven by bad democrat mortgage policy.

Trump inherited an economy that was working slowly, then his policies caused it to boom.

Then the Chinese virus hit-------------no one in the USA is responsible for that, the Chinese caused it and the entire world should make them pay

Obama inherited a shitstorm. Forbes magazine said that Trumps' success was a carry over from the Obama administration.

 

[AzogtheDefiler]

Barack Obama: Added $8.588 trillion, a 74% increase from the $11.657 trillion debt at the end of Bush’s last budget, FY 2009.

Saying "Obama: Added $8.588 trillion" does not take in to account how much of that amount was due to factors out of his control, like inheriting a deep recession. One we could have recovered faster from if not for Repub sabotage.

He inherited the recovery. What are you talking about? LMAO!

You're so stupid.

U.S. recession, officially lasting from December 2007 to June 2009. When Did Obama take Office?

Do your own math.

He inherited a good economy and took credit for it.

Obama?

Obama inherited a disaster. Trump inherited a good economy and drastically increased deficits our children will have to pay for.

neither is true. you are a victim of the lying media

They are both true.

Obama inherited an economy that was working, then in 08 we had a market correction driven by bad democrat mortgage policy.

Trump inherited an economy that was working slowly, then his policies caused it to boom.

Then the Chinese virus hit-------------no one in the USA is responsible for that, the Chinese caused it and the entire world should make them pay

Obama inherited a shitstorm. Forbes magazine said that Trumps' success was a carry over from the Obama administration.

You admit Trump was successful? That’s a good first step.

 

[rightwinger]

Barack Obama: Added $8.588 trillion, a 74% increase from the $11.657 trillion debt at the end of Bush’s last budget, FY 2009.

Saying "Obama: Added $8.588 trillion" does not take in to account how much of that amount was due to factors out of his control, like inheriting a deep recession. One we could have recovered faster from if not for Repub sabotage.

He inherited the recovery. What are you talking about? LMAO!

You're so stupid.

U.S. recession, officially lasting from December 2007 to June 2009. When Did Obama take Office?

Do your own math.

He inherited a good economy and took credit for it.

Obama?

Obama inherited a disaster. Trump inherited a good economy and drastically increased deficits our children will have to pay for.

neither is true. you are a victim of the lying media

They are both true.

Obama inherited an economy that was working, then in 08 we had a market correction driven by bad democrat mortgage policy.

Trump inherited an economy that was working slowly, then his policies caused it to boom.

Then the Chinese virus hit-------------no one in the USA is responsible for that, the Chinese caused it and the entire world should make them pay

Obama inherited a shitstorm. Forbes magazine said that Trumps' success was a carry over from the Obama administration.

You admit Trump was successful? That’s a good first step.

Typical of Trumps other successes

Born on Third Base and celebrating that you hit a Triple

 

[AzogtheDefiler]

Barack Obama: Added $8.588 trillion, a 74% increase from the $11.657 trillion debt at the end of Bush’s last budget, FY 2009.

Saying "Obama: Added $8.588 trillion" does not take in to account how much of that amount was due to factors out of his control, like inheriting a deep recession. One we could have recovered faster from if not for Repub sabotage.

He inherited the recovery. What are you talking about? LMAO!

You're so stupid.

U.S. recession, officially lasting from December 2007 to June 2009. When Did Obama take Office?

Do your own math.

He inherited a good economy and took credit for it.

Obama?

Obama inherited a disaster. Trump inherited a good economy and drastically increased deficits our children will have to pay for.

neither is true. you are a victim of the lying media

They are both true.

Obama inherited an economy that was working, then in 08 we had a market correction driven by bad democrat mortgage policy.

Trump inherited an economy that was working slowly, then his policies caused it to boom.

Then the Chinese virus hit-------------no one in the USA is responsible for that, the Chinese caused it and the entire world should make them pay

Obama inherited a shitstorm. Forbes magazine said that Trumps' success was a carry over from the Obama administration.

You admit Trump was successful? That’s a good first step.

Typical of Trumps other successes

Born on Third Base and celebrating that you hit a Triple

You keep playing that card because you were to chicken to get out of the dugout and your life was a failure. How many people become President of the greatest country in the world? Not many. I would say he hit a home run and you're in denial. Snowflake.

 

[Redfish]

The Trumpsters are trying to blame the Meltdown on Obama.

You can't fucking make this up.

We're not making it up. Go back and do your homework. Democrats and Barney Frank we're primarily responsible for the meltdown that both Bush and McCain warned about.

I realize how much has been kept from you. But YOU, and you alone, are responsible for your ignorance.

Let's see you and Redfish provide us with SPECIFIC, INFORMED, CLEAR answers to these CLEAR and SPECIFIC questions. You'd be the first Trumpster to do so:

1. How did the Democrats force the banks to create shitty, opaque CMOs packed with shit loans with massive balloon payments and damn near zero lender standards?
2. How did the Democrats force the banks to create and sell the even MORE hideous CDOs that didn't even fully INCLUDE the above-mentioned shit mortgages?
3. How did the Democrats force banks like Bear and Lehman to lever up to THIRTY FREAKING PERCENT to load up on securities they knew where essentially hollow?
4. How did the Democrats force mortgage companies to SELL OFF those shit mortgages to the banks to be put in those CMO's, often by the very next day?
5. How did the Democrats force the ratings agencies to SELL AAA (TREASURY-level) ratings on those shit securities, making them highly attractive to buy?
6. How did the Democrats force mortgage companies to write no-doc loans with insane balloons, knowing they'd be sold off in 12 hours into a shit CMO at NO risk?
7. How did the Democrats force the banks to threaten the ratings agencies with lost business if they didn't give them AAA ratings on shit securities?
8. How did the Democrats force Alan Greenspan to REFUSE to regulate derivatives while CFTC Chairwoman Brooksley Borns was PUBLICLY BEGGING him to?
9. How did the Democrats force Greenspan to admit to CONGRESS after the Meltdown happened that he BLEW it, that markets had FAILED to regulate themselves?
10. How did the Democrats force the banks to drop their standards far below what was required when they needed more shit CMO's and CDO's to SELL OFF for huge fees?
11. How did the Democrats force the banks to SHORT the VERY SAME shit securities THEY WERE SELLING TO THEIR CLIENTS, WHILE the whole fucking THING was COLLAPSING?
12. How did the Democrats force GS & John Paulson to create shit CMO's that were SPECIFICALLY EXPECTED to FAIL so they could buy swaps on them, making Paulson $2 BILLION?
13. How did the Democrats force banks to spin off companies that sold insane synthetic CDOs that had NOTHING to do with mortgages, but FLOODED them with fees & leverage?
14. How did the Democrats force AIG to write zillions in credit default swaps with ZERO fucking reserves - REQUIRED for ANY OTHER insurance product - to back them up?

Go.

simple, the entire mortgage scheme was created by democrats in an attempt to buy the votes of poor people by giving them mortgages that they could never pay back. The rest was the financial industry trying to save itself by marginally legal and totally unethical means. Remember, wall street and the banking industry always back democrats.

I am quite sure that some republicans participated in the scheme, but it originated with democrats.

 

[Redfish]

The Trumpsters are trying to blame the Meltdown on Obama.

You can't fucking make this up.

We're not making it up. Go back and do your homework. Democrats and Barney Frank we're primarily responsible for the meltdown that both Bush and McCain warned about.

I realize how much has been kept from you. But YOU, and you alone, are responsible for your ignorance.

Let's see you and Redfish provide us with SPECIFIC, INFORMED, CLEAR answers to these CLEAR and SPECIFIC questions. You'd be the first Trumpster to do so:

1. How did the Democrats force the banks to create shitty, opaque CMOs packed with shit loans with massive balloon payments and damn near zero lender standards?
2. How did the Democrats force the banks to create and sell the even MORE hideous CDOs that didn't even fully INCLUDE the above-mentioned shit mortgages?
3. How did the Democrats force banks like Bear and Lehman to lever up to THIRTY FREAKING PERCENT to load up on securities they knew where essentially hollow?
4. How did the Democrats force mortgage companies to SELL OFF those shit mortgages to the banks to be put in those CMO's, often by the very next day?
5. How did the Democrats force the ratings agencies to SELL AAA (TREASURY-level) ratings on those shit securities, making them highly attractive to buy?
6. How did the Democrats force mortgage companies to write no-doc loans with insane balloons, knowing they'd be sold off in 12 hours into a shit CMO at NO risk?
7. How did the Democrats force the banks to threaten the ratings agencies with lost business if they didn't give them AAA ratings on shit securities?
8. How did the Democrats force Alan Greenspan to REFUSE to regulate derivatives while CFTC Chairwoman Brooksley Borns was PUBLICLY BEGGING him to?
9. How did the Democrats force Greenspan to admit to CONGRESS after the Meltdown happened that he BLEW it, that markets had FAILED to regulate themselves?
10. How did the Democrats force the banks to drop their standards far below what was required when they needed more shit CMO's and CDO's to SELL OFF for huge fees?
11. How did the Democrats force the banks to SHORT the VERY SAME shit securities THEY WERE SELLING TO THEIR CLIENTS, WHILE the whole fucking THING was COLLAPSING?
12. How did the Democrats force GS & John Paulson to create shit CMO's that were SPECIFICALLY EXPECTED to FAIL so they could buy swaps on them, making Paulson $2 BILLION?
13. How did the Democrats force banks to spin off companies that sold insane synthetic CDOs that had NOTHING to do with mortgages, but FLOODED them with fees & leverage?
14. How did the Democrats force AIG to write zillions in credit default swaps with ZERO fucking reserves - REQUIRED for ANY OTHER insurance product - to back them up?

Go.

simple, the entire mortgage scheme was created by democrats in an attempt to buy the votes of poor people by giving them mortgages that they could never pay back. The rest was the financial industry trying to save itself by marginally legal and totally unethical means. Remember, wall street and the banking industry always back democrats.

I am quite sure that some republicans participated in the scheme, but it originated with democrats.

Ok, Mac, who were the authors of the mortgage bills? not a trick question, look it up if you don't know.

 

[Mac1958]

The Trumpsters are trying to blame the Meltdown on Obama.

You can't fucking make this up.

We're not making it up. Go back and do your homework. Democrats and Barney Frank we're primarily responsible for the meltdown that both Bush and McCain warned about.

I realize how much has been kept from you. But YOU, and you alone, are responsible for your ignorance.

Let's see you and Redfish provide us with SPECIFIC, INFORMED, CLEAR answers to these CLEAR and SPECIFIC questions. You'd be the first Trumpster to do so:

1. How did the Democrats force the banks to create shitty, opaque CMOs packed with shit loans with massive balloon payments and damn near zero lender standards?
2. How did the Democrats force the banks to create and sell the even MORE hideous CDOs that didn't even fully INCLUDE the above-mentioned shit mortgages?
3. How did the Democrats force banks like Bear and Lehman to lever up to THIRTY FREAKING PERCENT to load up on securities they knew where essentially hollow?
4. How did the Democrats force mortgage companies to SELL OFF those shit mortgages to the banks to be put in those CMO's, often by the very next day?
5. How did the Democrats force the ratings agencies to SELL AAA (TREASURY-level) ratings on those shit securities, making them highly attractive to buy?
6. How did the Democrats force mortgage companies to write no-doc loans with insane balloons, knowing they'd be sold off in 12 hours into a shit CMO at NO risk?
7. How did the Democrats force the banks to threaten the ratings agencies with lost business if they didn't give them AAA ratings on shit securities?
8. How did the Democrats force Alan Greenspan to REFUSE to regulate derivatives while CFTC Chairwoman Brooksley Borns was PUBLICLY BEGGING him to?
9. How did the Democrats force Greenspan to admit to CONGRESS after the Meltdown happened that he BLEW it, that markets had FAILED to regulate themselves?
10. How did the Democrats force the banks to drop their standards far below what was required when they needed more shit CMO's and CDO's to SELL OFF for huge fees?
11. How did the Democrats force the banks to SHORT the VERY SAME shit securities THEY WERE SELLING TO THEIR CLIENTS, WHILE the whole fucking THING was COLLAPSING?
12. How did the Democrats force GS & John Paulson to create shit CMO's that were SPECIFICALLY EXPECTED to FAIL so they could buy swaps on them, making Paulson $2 BILLION?
13. How did the Democrats force banks to spin off companies that sold insane synthetic CDOs that had NOTHING to do with mortgages, but FLOODED them with fees & leverage?
14. How did the Democrats force AIG to write zillions in credit default swaps with ZERO fucking reserves - REQUIRED for ANY OTHER insurance product - to back them up?

Go.

simple, the entire mortgage scheme was created by democrats in an attempt to buy the votes of poor people by giving them mortgages that they could never pay back. The rest was the financial industry trying to save itself by marginally legal and totally unethical means. Remember, wall street and the banking industry always back democrats.

I am quite sure that some republicans participated in the scheme, but it originated with democrats.

Ok, Mac, who were the authors of the mortgage bills? not a trick question, look it up if you don't know.

Don't know. I'm guessing they were Democrats. I can take it further: Clinton may have started this mess when he gleefully signed the repeal of Glass Steagall, opening the floodgates.

The problem is that I can see the whole picture. My opinions on it don't fall along ideological lines, because I live it for my profession. I know what happened and how. It goes far, far beyond the mortgage bills.

I'm tired of asymmetrical conversations. If you want to put the whole blame on the other guys, go ahead. I know that's just not reality, but I'm not trying to convince you of anything.

 

[Redfish]

The Trumpsters are trying to blame the Meltdown on Obama.

You can't fucking make this up.

We're not making it up. Go back and do your homework. Democrats and Barney Frank we're primarily responsible for the meltdown that both Bush and McCain warned about.

I realize how much has been kept from you. But YOU, and you alone, are responsible for your ignorance.

Let's see you and Redfish provide us with SPECIFIC, INFORMED, CLEAR answers to these CLEAR and SPECIFIC questions. You'd be the first Trumpster to do so:

1. How did the Democrats force the banks to create shitty, opaque CMOs packed with shit loans with massive balloon payments and damn near zero lender standards?
2. How did the Democrats force the banks to create and sell the even MORE hideous CDOs that didn't even fully INCLUDE the above-mentioned shit mortgages?
3. How did the Democrats force banks like Bear and Lehman to lever up to THIRTY FREAKING PERCENT to load up on securities they knew where essentially hollow?
4. How did the Democrats force mortgage companies to SELL OFF those shit mortgages to the banks to be put in those CMO's, often by the very next day?
5. How did the Democrats force the ratings agencies to SELL AAA (TREASURY-level) ratings on those shit securities, making them highly attractive to buy?
6. How did the Democrats force mortgage companies to write no-doc loans with insane balloons, knowing they'd be sold off in 12 hours into a shit CMO at NO risk?
7. How did the Democrats force the banks to threaten the ratings agencies with lost business if they didn't give them AAA ratings on shit securities?
8. How did the Democrats force Alan Greenspan to REFUSE to regulate derivatives while CFTC Chairwoman Brooksley Borns was PUBLICLY BEGGING him to?
9. How did the Democrats force Greenspan to admit to CONGRESS after the Meltdown happened that he BLEW it, that markets had FAILED to regulate themselves?
10. How did the Democrats force the banks to drop their standards far below what was required when they needed more shit CMO's and CDO's to SELL OFF for huge fees?
11. How did the Democrats force the banks to SHORT the VERY SAME shit securities THEY WERE SELLING TO THEIR CLIENTS, WHILE the whole fucking THING was COLLAPSING?
12. How did the Democrats force GS & John Paulson to create shit CMO's that were SPECIFICALLY EXPECTED to FAIL so they could buy swaps on them, making Paulson $2 BILLION?
13. How did the Democrats force banks to spin off companies that sold insane synthetic CDOs that had NOTHING to do with mortgages, but FLOODED them with fees & leverage?
14. How did the Democrats force AIG to write zillions in credit default swaps with ZERO fucking reserves - REQUIRED for ANY OTHER insurance product - to back them up?

Go.

simple, the entire mortgage scheme was created by democrats in an attempt to buy the votes of poor people by giving them mortgages that they could never pay back. The rest was the financial industry trying to save itself by marginally legal and totally unethical means. Remember, wall street and the banking industry always back democrats.

I am quite sure that some republicans participated in the scheme, but it originated with democrats.

Ok, Mac, who were the authors of the mortgage bills? not a trick question, look it up if you don't know.

Don't know. I'm guessing they were Democrats. I can take it further: Clinton may have started this mess when he gleefully signed the repeal of Glass Steagall, opening the floodgates.

The problem is that I can see the whole picture. My opinions on it don't fall along ideological lines, because I live it for my profession. I know what happened and how. It goes far, far beyond the mortgage bills.

I'm tired of asymmetrical conversations. If you want to put the whole blame on the other guys, go ahead. I know that's just not reality, but I'm not trying to convince you of anything.

I get all that, you have made that claim multiple times, but your posts show otherwise since you always take the dem/lib side of any discussion.

If you will note, I did acknowledge that some republicans were probably involved in the mortgage/banking fiasco of 2007-08. But it is indisputable that the idea of giving mortgages to poor people who could never make the payments was a democrat one in another attempt to buy votes.

If you look at my posting history, you will see that I call out the GOP when they screw up and I was a harsh critic of Bush 43. But I lean right and conservative and despise what Pelosi and the dems are trying to do to my country.

When evaluating Trump and debt, the corona spending has to be removed from the equation. It was not his fault in any way and he caved to the dems in allowing some of their partisan spending crap to remain in the bill.

in 2025 we can do a detailed review of Trump's financial management, until then discussing it is nothing but partisan bullshit.

 

[rightwinger]

Barack Obama: Added $8.588 trillion, a 74% increase from the $11.657 trillion debt at the end of Bush’s last budget, FY 2009.

Saying "Obama: Added $8.588 trillion" does not take in to account how much of that amount was due to factors out of his control, like inheriting a deep recession. One we could have recovered faster from if not for Repub sabotage.

He inherited the recovery. What are you talking about? LMAO!

You're so stupid.

U.S. recession, officially lasting from December 2007 to June 2009. When Did Obama take Office?

Do your own math.

He inherited a good economy and took credit for it.

Obama?

Obama inherited a disaster. Trump inherited a good economy and drastically increased deficits our children will have to pay for.

neither is true. you are a victim of the lying media

They are both true.

Obama inherited an economy that was working, then in 08 we had a market correction driven by bad democrat mortgage policy.

Trump inherited an economy that was working slowly, then his policies caused it to boom.

Then the Chinese virus hit-------------no one in the USA is responsible for that, the Chinese caused it and the entire world should make them pay

Obama inherited a shitstorm. Forbes magazine said that Trumps' success was a carry over from the Obama administration.

You admit Trump was successful? That’s a good first step.

Typical of Trumps other successes

Born on Third Base and celebrating that you hit a Triple

You keep playing that card because you were to chicken to get out of the dugout and your life was a failure. How many people become President of the greatest country in the world? Not many. I would say he hit a home run and you're in denial. Snowflake.

Yea.....I guess I am a failue

I didn’t have a rich daddy to cover up my sins and set me up in life.

 

[Brain357]

Trump pledged to eliminate the deficit and reduce our national debt if elected. Instead, he has accumulated debt at a record pace. Doesn’t even include his recent borrowing of $2.2 trillion

US Debt by President: Dollar and Percentage

Depending on how you measure it, different presidents have added to the national debt. Check out how the national debt has increased by year and president.

www.thebalance.com

Bush 43: $.725 trillion

Obama: $ 1.075 trillion

Trump: $1.2 trillion

COVID-19 makes this argument rather pointless. Democrats have owned the House and initiated the 2 trillion stimulus themselves.

Trump had trillion dollar deficits long before corona.