georgephillip
Diamond Member
I wasn't sufficiently gullible to vote for Bush or Obama (or Trump or Clinton).Did you forget that GM, Chrysler and Solyndra, all went bankrupt, but GM and Chrysler got bailed out? And guess who did the bailing of those companies not for the share holders but because the over promises of the Unions which gave money to Obama so he could win the presidency? Oh, you forgot all about that? I rest my case....Are you suggesting a self-proclaimed "King of Debt" has any intention of reversing the policies that have made his class filthy rich over the past thirty years?Then, along came Trump….
b.“U.S. households are back to their free spending ways, with the strength of May’s retail sales figures implying that second-quarter real consumption growth (and GDP growth for that matter) will now be more than 4% annualized.
![]()
States that voted for Trump are more likely to have growing credit-card debt
"On Tuesday, the Federal Reserve Bank of New York released data showing that total household debt increased by 1.5% to $13.15 trillion in the fourth quarter of 2017.
"American households are falling deeper into debt, reaching another all-time high last year of more than $1 trillion in outstanding revolving credit — also known as credit-card debt.
"That’s a 6% jump from the year before and a 20% increase since 2013."
When will your eyes open?
Effects of the 2008–10 automotive industry crisis on the United States - Wikipedia
"On December 19, George W. Bush announced that he had approved the bailout plan, which would give loans of $17.4 billion to U.S. automakers GM and Chrysler, stating that under present economic conditions, 'allowing the U.S. auto industry to collapse is not a responsible course of action.'[80]
"Bush provided $13.4 billion now, with another $4 billion available in February 2009.
"Funds would be made available from the Emergency Economic Stabilization Act of 2008.[81] General Motors would get $9.4 billion, and Chrysler $4 billion."