What exactly do republicans have to offer blacks?

[beagle9]

I didn't get a hand out. Did you get a hand out?

I didn’t get any handouts. I had to work for everything I have.

Me too. And the government took from me as well...

I’m glad they’re taking less... thanks to Trump.

The Treasury is set to borrow nearly $1 trillion this year, and at least that much afterward.

The Treasury may borrow nearly $1 trillion in 2018, and at least that much afterward — here's why it matters

The US borrowed $ 1.3 trillion this year, its highest level since 2010

"The federal government is expected to raise a total of $ 1.3 trillion this year, more than twice the amount borrowed last year and the highest annual loan amount since 2010, according to new Treasury estimates.

Debt relief is exceptional by historical standards. In just two years, the government nominally borrowed more money – in 2009 and 2010, when the country was struggling with the effects of the Great Recession."

The US borrowed $ 1.3 trillion this year, its highest level since 2010

US Treasury to Borrow More Than $1.3 Trillion in 2018

US Treasury to Borrow More Than $1.3 Trillion in 2018

Trump needs to do what Obama was up too, and shift tons of wealth to poor white folks. Redistribution can go two ways, and elections do have consequences.

Hey, it's time for the republicans to win back the poor white vote by giving them tons and tons of free crap. That ought to do it. Oh wait that's a Demon-crat move. Oh well if ya can't beat'em, then beat'em at their own game.

 

[beagle9]

So the Democrats forced banks to loan money to people when the GOP was in power? Talk about stretching an inch into a mile...

Still trying desperately to change history, aren't you?

Just to remind all our FRIENDS from the far left, the responsibility for this mess lies with Jimmy Carter, Bill Clinton, Barney Frank and Chris Dodd. AND WITH REPUBLICANS for backing off every time Barney Frank and his cronies played…THE RACE CARD! The housing bubble is what led to the downfall and that was driven by Democrats, starting with Jimmy Carter and hugely expanded by Bill Clinton. Here are the facts, once again, for you to ignore….

HUD TO FIGHT DISCRIMINATION, BOOST MINORITY HOMEOWNERSHIP AND WORK WITH URBAN LEAGUE TO FURTHER GOALS
HUD Archives: Cuomo agrees w/Nat'l Urban League -- to Fight Housing Discrimination

New York Times - 1999
Fannie Mae Eases Credit To Aid Mortgage Lending -
Fannie Mae Eases Credit To Aid Mortgage Lending

August 5, 1997
President Bush’s and the Administrations Unheeded Warnings About the Systemic Risk Posed by the GSEs – Fannie and Freddie dating back to 2001
Just the Facts: The Administration’s Unheeded Warnings About the Systemic Risk Posed by the GSEs

By Elliot Blair Smith,
USA TODAY
Fannie Mae to pay $400 million fine
Bloomberg - Are you a robot?

Franklin Raines was Director of the Office of Management and Budget under Clinton and returned to Fannie Mae as its CEO in 1999. Raines is not a “chief” economic adviser for President Barack Hussein Obama but has advised the administration on mortgage and housing matters. Obama had hired another former Fannie CEO, Jim Johnson as a member of Obama’s V.P. search committee and who was forced to quit under fire.

Bloomberg News -
How the Democrats Created the Financial Crisis -
Bloomberg - Are you a robot?

Democrats in their own words covering up the Fannie Mae, Freddie Mac


Timeline shows Bush, McCain warning Democrats of Financial Crisis


From the New York Times
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON
Published: September 11, 2003 WASHINGTON,

Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.
Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.

The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.

Read more: New Agency Proposed to Oversee Freddie Mac and Fannie Mae

[…]

From USNews and World Report
Barney Frank's Fannie and Freddie Muddle
By Sam Dealey
September 10, 2008
[…]
So five years ago, there was one of those rare moments in Washington when the branches and personalities of government—in this case, the Bush administration—are less interested in protecting or expanding their turf than in fixing a looming catastrophe. What was Frank's response to the proposal?

''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
[…]
http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle

Wall Street Journal Barney’s Rubble – September 17, 2008
http://online.wsj.com/news/articles/SB122161010874845645

Barney Frank in 2005: What Housing Bubble?


Democrats Were Wrong on Fannie Mae and Freddie Mac
The White House called for tighter regulation 17 times.
https://www.usnews.com/opinion/blog...rats-were-wrong-on-fannie-mae-and-freddie-mac

Steve Kroft On Credit Default Swaps And Their Central Role In The Unfolding Economic Crisis
The Bet That Blew Up Wall Street
All this, in addition to the repeal of the Glass-Steagall Act by President William Jefferson Clinton, caused the meltdown.

It COULD have been stopped or greatly reduced. Democrats fought that every step of the way and the Republicans wilted under the barrage of being called racist and worse.

This country is under extreme attack by Demon-crats, and it must fight back more than it ever has in it's history. Now when I say fight, I mean politically fight to the end using every means available. VOTE Americans VOTE. No more bullcrap, and no more complacency. It's time to act in the most powerful way, and that means VOTE republican. No to Demon-crats.

 

[tycho1572]

Still can’t answer a simple question, IM2?

 

[tycho1572]

I’m thinking you and Asclepias are just looking for attention, IM2.

 

[John Shaw]

Ben Carson's mother was on welfare. Ben is not. Ben applied himself. No one held him back or promoted him. No one offered him a stethoscope because he was black. He worked to achieve his goal.
Ben showed you how to go from welfare to wealthy. Work hard. < a non partizan approach...

Carson showed me how to be a lawn jockey. Look son, there will be no listening to lectures from whites telling everybody to work hard when whites have been given most everything they have because of the government. OK?

"Hey guys, we definitely aren't looking for handouts or anythng, but, uh ...

You're white. Feel bad about it. Give us some fucking money."

**Sticks hand out.

Does that about sum up IM2's outlook on life? I feel like it does a pretty good job.

Young boy you don't know my outlook on life. And considering you whites have got all the handouts, you might want to close your mouth before you get embarrassed. You rally need to stop listening to all that alt right white boy crying. Because I don't give a damn if you're white and think you're the greatest man alive, your ass would not be shit if not for what the government took from us and gave to you.

Must suck to have twice my years and half my intelligence, huh?

Of course I know your outlook on life, you lazy fuck; you post 10x more than almost anyone else and complain nonstop. Whine, whine, whine ... you've made it abundantly clear that that's all you're capable of. It's not like you're some sort of enigma.

 

[K9Buck]

All Trump knows how to do is go bankrupt.

Trump has never personally declared bankruptcy. But that's all irrelevant. What matters is whether or not he has delivered positive economic results - or not, and he most definitely has. Unemployment rates for blacks and Hispanics have NEVER been lower. Based on your response, Trump could probably make every American a millionaire and you'd still oppose him because your loyalty is NOT to your fellow citizen, but to the Democratic Party. In other words, you're a partisan hack.

 

[deanrd]

Republicans have proved what they have for their Appalachian base.

Higher infant mortality, a miserable life, then falling life expectancy.

 

[K9Buck]

Obama was handed a recession by Bush.

The recession was the result of bad loan policies on federally insured loans, which was mostly brought about by powerful Democrats like Barney Frank.

 

[John Shaw]

All Trump knows how to do is go bankrupt.

Trump has never personally declared bankruptcy. But that's all irrelevant. What matters is whether or not he has delivered positive economic results - or not, and he most definitely has. Unemployment rates for blacks and Hispanics have NEVER been lower. Based on your response, Trump could probably make every American a millionaire and you'd still oppose him because your loyalty is NOT to your fellow citizen, but to the Democratic Party. In other words, you're a partisan hack.

Until you remember that economists predicted that the tax cuts would have a TEMPORARY positive effect on the economy, but would ultimately be a net negative, mostly benefiting only the very rich. Guess what? We're still definitely in the "temporary" zone. If this economy is still going strong in a few years then maybe I'll become a believer.

 

[IM2]

Ben Carson's mother was on welfare. Ben is not. Ben applied himself. No one held him back or promoted him. No one offered him a stethoscope because he was black. He worked to achieve his goal.
Ben showed you how to go from welfare to wealthy. Work hard. < a non partizan approach...

Carson showed me how to be a lawn jockey. Look son, there will be no listening to lectures from whites telling everybody to work hard when whites have been given most everything they have because of the government. OK?

"Hey guys, we definitely aren't looking for handouts or anythng, but, uh ...

You're white. Feel bad about it. Give us some fucking money."

**Sticks hand out.

Does that about sum up IM2's outlook on life? I feel like it does a pretty good job.

Young boy you don't know my outlook on life. And considering you whites have got all the handouts, you might want to close your mouth before you get embarrassed. You rally need to stop listening to all that alt right white boy crying. Because I don't give a damn if you're white and think you're the greatest man alive, your ass would not be shit if not for what the government took from us and gave to you.

Must suck to have twice my years and half my intelligence, huh?

Of course I know your outlook on life, you lazy fuck; you post 10x more than almost anyone else and complain nonstop. Whine, whine, whine ... you've made it abundantly clear that that's all you're capable of. It's not like you're some sort of enigma.

I'm retired. Do you know what that means? It means I was working before you were thought about.

 

[K9Buck]

Until you remember that economists predicted that the tax cuts would have a TEMPORARY positive effect on the economy, but would ultimately be a net negative, mostly benefiting only the very rich. Guess what? We're still definitely in the "temporary" zone. If this economy is still going strong in a few years then maybe I'll become a believer.

That's a fair and reasoned response. I share your view.

 

[John Shaw]

Ben Carson's mother was on welfare. Ben is not. Ben applied himself. No one held him back or promoted him. No one offered him a stethoscope because he was black. He worked to achieve his goal.
Ben showed you how to go from welfare to wealthy. Work hard. < a non partizan approach...

Carson showed me how to be a lawn jockey. Look son, there will be no listening to lectures from whites telling everybody to work hard when whites have been given most everything they have because of the government. OK?

"Hey guys, we definitely aren't looking for handouts or anythng, but, uh ...

You're white. Feel bad about it. Give us some fucking money."

**Sticks hand out.

Does that about sum up IM2's outlook on life? I feel like it does a pretty good job.

Young boy you don't know my outlook on life. And considering you whites have got all the handouts, you might want to close your mouth before you get embarrassed. You rally need to stop listening to all that alt right white boy crying. Because I don't give a damn if you're white and think you're the greatest man alive, your ass would not be shit if not for what the government took from us and gave to you.

Must suck to have twice my years and half my intelligence, huh?

Of course I know your outlook on life, you lazy fuck; you post 10x more than almost anyone else and complain nonstop. Whine, whine, whine ... you've made it abundantly clear that that's all you're capable of. It's not like you're some sort of enigma.

I'm retired. Do you know what that means? It means I was working before you were thought about.

Plenty of time to bitch and moan online, I suppose. You have it so hard. Meanwhile, some people actually have to work ...

 

[IM2]

All Trump knows how to do is go bankrupt.

Trump has never personally declared bankruptcy. But that's all irrelevant. What matters is whether or not he has delivered positive economic results - or not, and he most definitely has. Unemployment rates for blacks and Hispanics have NEVER been lower. Based on your response, Trump could probably make every American a millionaire and you'd still oppose him because your loyalty is NOT to your fellow citizen, but to the Democratic Party. In other words, you're a partisan hack.

Until you remember that economists predicted that the tax cuts would have a TEMPORARY positive effect on the economy, but would ultimatetly be a net negative, mostly benefiting only the very rich. Guess what? We're still definitely in the "temporary" zone. If this economy is still going strong in a few years then maybe I'll become a believer.

I know what the economists said dumb ass kid. The republicans here are the ones who dismissed it. And while Trump ha s not filed for personal bankruptcy:

Trump has never filed for personal bankruptcy. But he has filed four business bankruptcies, which Bankruptcy.com says makes Trump the top filer in recent decades. All of them were centered around casinos he used to own in Atlantic City. They were all Chapter 11 restructurings, which lets a company stay in business while shedding debt it owes to banks, employees and suppliers.

Everything you want to know about Donald Trump's bankruptcies

Trump has not really delivered anything.

The America Donald Trump Is Inheriting, By The Numbers
Trump is lucky he inherited a good hand
Obama Policies Fueled Our Economic Boom. Don't Let Trump And His Rich Man's Tax Cut Steal The Credit | HuffPost
The truth about Obama's economic legacy and Trump's inheritance
A look at the economy Trump inherited, which he calls a ‘mess’

Trump policies have yet to take full effect. In February or March they will begin to. Then from that point on we can talk about what Trump has delivered.

If everyone was made a millionaire by Trumps policies, I'd be a millionaire so why would I oppose such an economic policy. But there is more to life than the economy so I don't have to like Trump because I made a few dollars more. When you grow up, maybe you'll understand that.

 

[IM2]

Carson showed me how to be a lawn jockey. Look son, there will be no listening to lectures from whites telling everybody to work hard when whites have been given most everything they have because of the government. OK?

"Hey guys, we definitely aren't looking for handouts or anythng, but, uh ...

You're white. Feel bad about it. Give us some fucking money."

**Sticks hand out.

Does that about sum up IM2's outlook on life? I feel like it does a pretty good job.

Young boy you don't know my outlook on life. And considering you whites have got all the handouts, you might want to close your mouth before you get embarrassed. You rally need to stop listening to all that alt right white boy crying. Because I don't give a damn if you're white and think you're the greatest man alive, your ass would not be shit if not for what the government took from us and gave to you.

Must suck to have twice my years and half my intelligence, huh?

Of course I know your outlook on life, you lazy fuck; you post 10x more than almost anyone else and complain nonstop. Whine, whine, whine ... you've made it abundantly clear that that's all you're capable of. It's not like you're some sort of enigma.

I'm retired. Do you know what that means? It means I was working before you were thought about.

Plenty of time to bitch and moan online, I suppose. You have it so hard. Meanwhile, some people actually have to work ...

I worked for 43 years. That's 15 years longer than your ass has been alive. I earned this.

 

[IM2]

Obama was handed a recession by Bush.

The recession was the result of bad loan policies on federally insured loans, which was mostly brought about by powerful Democrats like Barney Frank.

That's not what Greenspan said.

Greenspan Concedes Error on Regulation
By EDMUND L. ANDREWS OCT. 23, 2008

You had the authority to prevent irresponsible lending practices that led to the subprime mortgage crisis. You were advised to do so by many others,” said Representative Henry A. Waxman of California, chairman of the committee. “Do you feel that your ideology pushed you to make decisions that you wish you had not made?”

Mr. Greenspan conceded: “Yes, I’ve found a flaw. I don’t know how significant or permanent it is. But I’ve been very distressed by that fact.”

On a day that brought more bad news about rising home foreclosures and slumping employment, Mr. Greenspan refused to accept blame for the crisis but acknowledged that his belief in deregulation had been shaken.

He noted that the immense and largely unregulated business of spreading financial risk widely, through the use of exotic financial instruments called derivatives, had gotten out of control and had added to the havoc of today’s crisis. As far back as 1994, Mr. Greenspan staunchly and successfully opposed tougher regulation on derivatives.

But on Thursday, he agreed that the multitrillion-dollar market for credit default swaps, instruments originally created to insure bond investors against the risk of default, needed to be restrained.

More.

Many Republican lawmakers on the oversight committee tried to blame the mortgage meltdown on the unchecked growth of Fannie Mae and Freddie Mac, the giant government-sponsored mortgage-finance companies that were placed in a government conservatorship last month. Republicans have argued that Democratic lawmakers blocked measures to reform the companies.

But Mr. Greenspan, who was first appointed by President Ronald Reagan, placed far more blame on the Wall Street companies that bundled subprime mortgages into pools and sold them as mortgage-backed securities. Global demand for the securities was so high, he said, that Wall Street companies pressured lenders to lower their standards and produce more “paper.”

“The evidence strongly suggests that without the excess demand from securitizers, subprime mortgage originations (undeniably the original source of the crisis) would have been far smaller and defaults accordingly far lower,” he said.

Greenspan Concedes Error on Regulation

 

[IM2]

So the Democrats forced banks to loan money to people when the GOP was in power? Talk about stretching an inch into a mile...

Still trying desperately to change history, aren't you?

Just to remind all our FRIENDS from the far left, the responsibility for this mess lies with Jimmy Carter, Bill Clinton, Barney Frank and Chris Dodd. AND WITH REPUBLICANS for backing off every time Barney Frank and his cronies played…THE RACE CARD! The housing bubble is what led to the downfall and that was driven by Democrats, starting with Jimmy Carter and hugely expanded by Bill Clinton. Here are the facts, once again, for you to ignore….

HUD TO FIGHT DISCRIMINATION, BOOST MINORITY HOMEOWNERSHIP AND WORK WITH URBAN LEAGUE TO FURTHER GOALS
HUD Archives: Cuomo agrees w/Nat'l Urban League -- to Fight Housing Discrimination

New York Times - 1999
Fannie Mae Eases Credit To Aid Mortgage Lending -
Fannie Mae Eases Credit To Aid Mortgage Lending

August 5, 1997
President Bush’s and the Administrations Unheeded Warnings About the Systemic Risk Posed by the GSEs – Fannie and Freddie dating back to 2001
Just the Facts: The Administration’s Unheeded Warnings About the Systemic Risk Posed by the GSEs

By Elliot Blair Smith,
USA TODAY
Fannie Mae to pay $400 million fine
Bloomberg - Are you a robot?

Franklin Raines was Director of the Office of Management and Budget under Clinton and returned to Fannie Mae as its CEO in 1999. Raines is not a “chief” economic adviser for President Barack Hussein Obama but has advised the administration on mortgage and housing matters. Obama had hired another former Fannie CEO, Jim Johnson as a member of Obama’s V.P. search committee and who was forced to quit under fire.

Bloomberg News -
How the Democrats Created the Financial Crisis -
Bloomberg - Are you a robot?

Democrats in their own words covering up the Fannie Mae, Freddie Mac


Timeline shows Bush, McCain warning Democrats of Financial Crisis


From the New York Times
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON
Published: September 11, 2003 WASHINGTON,

Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.
Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.

The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.

Read more: New Agency Proposed to Oversee Freddie Mac and Fannie Mae

[…]

From USNews and World Report
Barney Frank's Fannie and Freddie Muddle
By Sam Dealey
September 10, 2008
[…]
So five years ago, there was one of those rare moments in Washington when the branches and personalities of government—in this case, the Bush administration—are less interested in protecting or expanding their turf than in fixing a looming catastrophe. What was Frank's response to the proposal?

''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
[…]
http://www.usnews.com/opinion/blogs/sam-dealey/2008/09/10/barney-franks-fannie-and-freddie-muddle

Wall Street Journal Barney’s Rubble – September 17, 2008
http://online.wsj.com/news/articles/SB122161010874845645

Barney Frank in 2005: What Housing Bubble?


Democrats Were Wrong on Fannie Mae and Freddie Mac
The White House called for tighter regulation 17 times.
https://www.usnews.com/opinion/blog...rats-were-wrong-on-fannie-mae-and-freddie-mac

Steve Kroft On Credit Default Swaps And Their Central Role In The Unfolding Economic Crisis
The Bet That Blew Up Wall Street
All this, in addition to the repeal of the Glass-Steagall Act by President William Jefferson Clinton, caused the meltdown.

It COULD have been stopped or greatly reduced. Democrats fought that every step of the way and the Republicans wilted under the barrage of being called racist and worse.

This country is under extreme attack by Demon-crats, and it must fight back more than it ever has in it's history. Now when I say fight, I mean politically fight to the end using every means available. VOTE Americans VOTE. No more bullcrap, and no more complacency. It's time to act in the most powerful way, and that means VOTE republican. No to Demon-crats.

That's not what Greenspan said.

Greenspan Concedes Error on Regulation
By EDMUND L. ANDREWS OCT. 23, 2008

You had the authority to prevent irresponsible lending practices that led to the subprime mortgage crisis. You were advised to do so by many others,” said Representative Henry A. Waxman of California, chairman of the committee. “Do you feel that your ideology pushed you to make decisions that you wish you had not made?”

Mr. Greenspan conceded: “Yes, I’ve found a flaw. I don’t know how significant or permanent it is. But I’ve been very distressed by that fact.”

On a day that brought more bad news about rising home foreclosures and slumping employment, Mr. Greenspan refused to accept blame for the crisis but acknowledged that his belief in deregulation had been shaken.

He noted that the immense and largely unregulated business of spreading financial risk widely, through the use of exotic financial instruments called derivatives, had gotten out of control and had added to the havoc of today’s crisis. As far back as 1994, Mr. Greenspan staunchly and successfully opposed tougher regulation on derivatives.

But on Thursday, he agreed that the multitrillion-dollar market for credit default swaps, instruments originally created to insure bond investors against the risk of default, needed to be restrained.

More.

Many Republican lawmakers on the oversight committee tried to blame the mortgage meltdown on the unchecked growth of Fannie Mae and Freddie Mac, the giant government-sponsored mortgage-finance companies that were placed in a government conservatorship last month. Republicans have argued that Democratic lawmakers blocked measures to reform the companies.

But Mr. Greenspan, who was first appointed by President Ronald Reagan, placed far more blame on the Wall Street companies that bundled subprime mortgages into pools and sold them as mortgage-backed securities. Global demand for the securities was so high, he said, that Wall Street companies pressured lenders to lower their standards and produce more “paper.”

“The evidence strongly suggests that without the excess demand from securitizers, subprime mortgage originations (undeniably the original source of the crisis) would have been far smaller and defaults accordingly far lower,” he said.

Greenspan Concedes Error on Regulation

 

[IM2]

I didn't get a hand out. Did you get a hand out?

I didn’t get any handouts. I had to work for everything I have.

Me too. And the government took from me as well...

I’m glad they’re taking less... thanks to Trump.

The Treasury is set to borrow nearly $1 trillion this year, and at least that much afterward.

The Treasury may borrow nearly $1 trillion in 2018, and at least that much afterward — here's why it matters

The US borrowed $ 1.3 trillion this year, its highest level since 2010

"The federal government is expected to raise a total of $ 1.3 trillion this year, more than twice the amount borrowed last year and the highest annual loan amount since 2010, according to new Treasury estimates.

Debt relief is exceptional by historical standards. In just two years, the government nominally borrowed more money – in 2009 and 2010, when the country was struggling with the effects of the Great Recession."

The US borrowed $ 1.3 trillion this year, its highest level since 2010

US Treasury to Borrow More Than $1.3 Trillion in 2018

US Treasury to Borrow More Than $1.3 Trillion in 2018

Trump needs to do what Obama was up too, and shift tons of wealth to poor white folks. Redistribution can go two ways, and elections do have consequences.

Hey, it's time for the republicans to win back the poor white vote by giving them tons and tons of free crap. That ought to do it. Oh wait that's a Demon-crat move. Oh well if ya can't beat'em, then beat'em at their own game.

 

[IM2]

Still can’t answer a simple question, IM2?

I answered the question in the same way you answered mine.

 

[John Shaw]

"Hey guys, we definitely aren't looking for handouts or anythng, but, uh ...

You're white. Feel bad about it. Give us some fucking money."

**Sticks hand out.

Does that about sum up IM2's outlook on life? I feel like it does a pretty good job.

Young boy you don't know my outlook on life. And considering you whites have got all the handouts, you might want to close your mouth before you get embarrassed. You rally need to stop listening to all that alt right white boy crying. Because I don't give a damn if you're white and think you're the greatest man alive, your ass would not be shit if not for what the government took from us and gave to you.

Must suck to have twice my years and half my intelligence, huh?

Of course I know your outlook on life, you lazy fuck; you post 10x more than almost anyone else and complain nonstop. Whine, whine, whine ... you've made it abundantly clear that that's all you're capable of. It's not like you're some sort of enigma.

I'm retired. Do you know what that means? It means I was working before you were thought about.

Plenty of time to bitch and moan online, I suppose. You have it so hard. Meanwhile, some people actually have to work ...

I worked for 43 years. That's 15 years longer than your ass has been alive. I earned this.

Earned what? The privilege to spend inordinate amounts of time arguing with people who don't give 2 fucks about anything you have to say anyway? What is the point?

The answer: there is none. You must be extremely miserable. I would pity you, if you weren't such a disgusting degenerate.

 

[Asclepias]

Sorry lice head. Its just the facts that Obama improved the economy.

He should have done NOTHING and the economy would have improved far sooner.

Prove it.

You're simply too closed minded and afraid to read anything with which you might not agree. Keep up the good work!

From that bastion of Conservatism, UCLA

FDR's policies prolonged Depression by 7 years, UCLA economists calculate
By Meg SullivanAugust 10, 2004
Category: Research

Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt.

After scrutinizing Roosevelt's record for four years, Harold L. Cole and Lee E. Ohanian conclude in a new study that New Deal policies signed into law 71 years ago thwarted economic recovery for seven long years.

"Why the Great Depression lasted so long has always been a great mystery, and because we never really knew the reason, we have always worried whether we would have another 10- to 15-year economic slump," said Ohanian, vice chair of UCLA's Department of Economics. "We found that a relapse isn't likely unless lawmakers gum up a recovery with ill-conceived stimulus policies."

In an article in the August issue of the Journal of Political Economy, Ohanian and Cole blame specific anti-competition and pro-labor measures that Roosevelt promoted and signed into law June 16, 1933.

"President Roosevelt believed that excessive competition was responsible for the Depression by reducing prices and wages, and by extension reducing employment and demand for goods and services," said Cole, also a UCLA professor of economics. "So he came up with a recovery package that would be unimaginable today, allowing businesses in every industry to collude without the threat of antitrust prosecution and workers to demand salaries about 25 percent above where they ought to have been, given market forces. The economy was poised for a beautiful recovery, but that recovery was stalled by these misguided policies."

Using data collected in 1929 by the Conference Board and the Bureau of Labor Statistics, Cole and Ohanian were able to establish average wages and prices across a range of industries just prior to the Depression. By adjusting for annual increases in productivity, they were able to use the 1929 benchmark to figure out what prices and wages would have been during every year of the Depression had Roosevelt's policies not gone into effect. They then compared those figures with actual prices and wages as reflected in the Conference Board data.

In the three years following the implementation of Roosevelt's policies, wages in 11 key industries averaged 25 percent higher than they otherwise would have done, the economists calculate. But unemployment was also 25 percent higher than it should have been, given gains in productivity.

Meanwhile, prices across 19 industries averaged 23 percent above where they should have been, given the state of the economy. With goods and services that much harder for consumers to afford, demand stalled and the gross national product floundered at 27 percent below where it otherwise might have been.

"High wages and high prices in an economic slump run contrary to everything we know about market forces in economic downturns," Ohanian said. "As we've seen in the past several years, salaries and prices fall when unemployment is high. By artificially inflating both, the New Deal policies short-circuited the market's self-correcting forces."

The policies were contained in the National Industrial Recovery Act (NIRA), which exempted industries from antitrust prosecution if they agreed to enter into collective bargaining agreements that significantly raised wages. Because protection from antitrust prosecution all but ensured higher prices for goods and services, a wide range of industries took the bait, Cole and Ohanian found. By 1934 more than 500 industries, which accounted for nearly 80 percent of private, non-agricultural employment, had entered into the collective bargaining agreements called for under NIRA.

Cole and Ohanian calculate that NIRA and its aftermath account for 60 percent of the weak recovery. Without the policies, they contend that the Depression would have ended in 1936 instead of the year when they believe the slump actually ended: 1943.

Roosevelt's role in lifting the nation out of the Great Depression has been so revered that Time magazine readers cited it in 1999 when naming him the 20th century's second-most influential figure.

"This is exciting and valuable research," said Robert E. Lucas Jr., the 1995 Nobel Laureate in economics, and the John Dewey Distinguished Service Professor of Economics at the University of Chicago. "The prevention and cure of depressions is a central mission of macroeconomics, and if we can't understand what happened in the 1930s, how can we be sure it won't happen again?"

NIRA's role in prolonging the Depression has not been more closely scrutinized because the Supreme Court declared the act unconstitutional within two years of its passage.

"Historians have assumed that the policies didn't have an impact because they were too short-lived, but the proof is in the pudding," Ohanian said. "We show that they really did artificially inflate wages and prices."

Even after being deemed unconstitutional, Roosevelt's anti-competition policies persisted — albeit under a different guise, the scholars found. Ohanian and Cole painstakingly documented the extent to which the Roosevelt administration looked the other way as industries once protected by NIRA continued to engage in price-fixing practices for four more years.

The number of antitrust cases brought by the Department of Justice fell from an average of 12.5 cases per year during the 1920s to an average of 6.5 cases per year from 1935 to 1938, the scholars found. Collusion had become so widespread that one Department of Interior official complained of receiving identical bids from a protected industry (steel) on 257 different occasions between mid-1935 and mid-1936.

The bids were not only identical but also 50 percent higher than foreign steel prices. Without competition, wholesale prices remained inflated, averaging 14 percent higher than they would have been without the troublesome practices, the UCLA economists calculate.

NIRA's labor provisions, meanwhile, were strengthened in the National Relations Act, signed into law in 1935.

As union membership doubled, so did labor's bargaining power, rising from 14 million strike days in 1936 to about 28 million in 1937. By 1939 wages in protected industries remained 24 percent to 33 percent above where they should have been, based on 1929 figures, Cole and Ohanian calculate.

Unemployment persisted. By 1939 the U.S. unemployment rate was 17.2 percent, down somewhat from its 1933 peak of 24.9 percent but still remarkably high. By comparison, in May 2003, the unemployment rate of 6.1 percent was the highest in nine years.

Recovery came only after the Department of Justice dramatically stepped up enforcement of antitrust cases nearly four-fold and organized labor suffered a string of setbacks, the economists found.

"The fact that the Depression dragged on for years convinced generations of economists and policy-makers that capitalism could not be trusted to recover from depressions and that significant government intervention was required to achieve good outcomes," Cole said. "Ironically, our work shows that the recovery would have been very rapid had the government not intervened."

-UCLA-
LSMS368

Read more: FDR's policies prolonged Depression by 7 years, UCLA economists calculate

What kind of stupid shit is that? Obama isnt FDR you moron.