Why are republicans so stupid when it comes to Food Stamps?

[JonKoch]

"Despite government claims, the job market is still lagging. The poverty rate is on the rise, The Journal says. And federal laws passed under former President Clinton and further under Mr. Obama are actually driving the enrollment rate higher. Those laws allow for those with higher incomes to take food stamps — the logic being that helping people before they reach crisis financial level will actually stimulate the economy, The Journal says."

Food stamp president: Enrollment up 70 percent under Obama

I KNOW THIS MUST BE A RIGHT WING LIE, AFTER 8 YEARS OF DUBYA/GOP "JOB CREATOR" POLICIES CUPCAKE? COME ON


But you have to go back to 2013 huh?

HOW BIG OF A HOLE DID DUBYA/GOP DIG AGAIN CUPCAKE?

The reason I went back to 2013 (supposedly long after the recession ended) was to prove that food stamps rose because of changes in regulations--not poverty.

What you need to understand fruitcake is that Democrats want to expand their voting base just like Republicans. One way of doing that is to create more government dependents. The more government dependents, the more likely Democrat voters. It had nothing to do with poverty. It had to do with getting more voters for the DNC.

OK Cupcake SHOW why it was Dems versus 8 years of Dubya/GOP "job creator" policies that drove US into the hole? You know how big of a hole Dubya's great recession was right?


$16 TRILLION OF LOST WEALTH

7 MILLION LOST JOBS

10 MILLION HOMES FORECLOSED

MILLIONS AND MILLIONS OF HOMES UPSIDE DOWN!

And that was all W's fault? It was partially his fault, but the beginning of the housing bubble regulations that started it was long before W took office. Care to see them? I'll be glad to post the links.

"Despite government claims, the job market is still lagging. The poverty rate is on the rise, The Journal says. And federal laws passed under former President Clinton and further under Mr. Obama are actually driving the enrollment rate higher. Those laws allow for those with higher incomes to take food stamps — the logic being that helping people before they reach crisis financial level will actually stimulate the economy, The Journal says."

Food stamp president: Enrollment up 70 percent under Obama

I KNOW THIS MUST BE A RIGHT WING LIE, AFTER 8 YEARS OF DUBYA/GOP "JOB CREATOR" POLICIES CUPCAKE? COME ON


But you have to go back to 2013 huh?

HOW BIG OF A HOLE DID DUBYA/GOP DIG AGAIN CUPCAKE?

The reason I went back to 2013 (supposedly long after the recession ended) was to prove that food stamps rose because of changes in regulations--not poverty.

What you need to understand fruitcake is that Democrats want to expand their voting base just like Republicans. One way of doing that is to create more government dependents. The more government dependents, the more likely Democrat voters. It had nothing to do with poverty. It had to do with getting more voters for the DNC.

OK Cupcake SHOW why it was Dems versus 8 years of Dubya/GOP "job creator" policies that drove US into the hole? You know how big of a hole Dubya's great recession was right?


$16 TRILLION OF LOST WEALTH

7 MILLION LOST JOBS

10 MILLION HOMES FORECLOSED

MILLIONS AND MILLIONS OF HOMES UPSIDE DOWN!

And that was all W's fault? It was partially his fault, but the beginning of the housing bubble regulations that started it was long before W took office. Care to see them? I'll be glad to post the links.

REGULATIONS? LMAOROG

Q When did the Bush Mortgage Bubble start?

A The general timeframe is it started late 2004.

From Bush's President’s Working Group on Financial Markets March 2008

"The Presidents Working Group's March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007"


Q Did the Community Reinvestment Act under Carter/Clinton caused it?


A "Since 1995 there has been essentially no change in the basic CRA rules or enforcement process that can be reasonably linked to the subprime lending activity. This fact weakens the link between the CRA and the current crisis since the crisis is rooted in poor performance of mortgage loans made between 2004 and 2007. "

http://www.federalreserve.gov/newsevents/speech/20081203_analysis.pdf


Q Why is it commonly called the "subprime bubble" ?

A Because the Bush Mortgage Bubble coincided with the explosive growth of Subprime mortgage and politics. Also the subprime MBS market was the first to collapse in late 2006. In 2003, 10 % of all mortgages were subprime. In 2006, 40 % were subprime. This is a 300 % increase in subprime lending. (and notice it coincides with the dates of the Bush Mortgage bubble that Bush and the Fed said)



..."Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages."

Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50 % OF ALL MORTGAGES IN 2006 DIDN'T REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?

A Yes.




Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?

A Banks.

Q WHY??!?!!!?!

A Two reasons, greed and Bush's regulators let them



Bush's documented policies and statements in timeframe leading up to the start of the Bush Mortgage Bubble include (but not limited to)

Wanting 5.5 million more minority homeowners
Tells congress there is nothing wrong with GSEs
Pledging to use federal policy to increase home ownership
Routinely taking credit for the housing market
Forcing GSEs to buy more low income home loans by raising their Housing Goals
Lowering Invesntment bank' capital requirements, Net Capital rule
Reversing the Clinton rule that restricted GSEs purchases of subprime loans
Lowering down payment requirements to 0%
Forcing GSEs to spend an additional $440 billion in the secondary markets
Giving away 40,000 free down payments
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING


But the biggest policy was regulators not enforcing lending standards.

MY OLD ACCOUNT, GOT LOCKED OUT OF EMAIL:

FACTS on Dubya's great recession

 

[Rustic]

"Despite government claims, the job market is still lagging. The poverty rate is on the rise, The Journal says. And federal laws passed under former President Clinton and further under Mr. Obama are actually driving the enrollment rate higher. Those laws allow for those with higher incomes to take food stamps — the logic being that helping people before they reach crisis financial level will actually stimulate the economy, The Journal says."

Food stamp president: Enrollment up 70 percent under Obama

I KNOW THIS MUST BE A RIGHT WING LIE, AFTER 8 YEARS OF DUBYA/GOP "JOB CREATOR" POLICIES CUPCAKE? COME ON


But you have to go back to 2013 huh?

HOW BIG OF A HOLE DID DUBYA/GOP DIG AGAIN CUPCAKE?

The reason I went back to 2013 (supposedly long after the recession ended) was to prove that food stamps rose because of changes in regulations--not poverty.

What you need to understand fruitcake is that Democrats want to expand their voting base just like Republicans. One way of doing that is to create more government dependents. The more government dependents, the more likely Democrat voters. It had nothing to do with poverty. It had to do with getting more voters for the DNC.

OK Cupcake SHOW why it was Dems versus 8 years of Dubya/GOP "job creator" policies that drove US into the hole? You know how big of a hole Dubya's great recession was right?


$16 TRILLION OF LOST WEALTH

7 MILLION LOST JOBS

10 MILLION HOMES FORECLOSED

MILLIONS AND MILLIONS OF HOMES UPSIDE DOWN!

And that was all W's fault? It was partially his fault, but the beginning of the housing bubble regulations that started it was long before W took office. Care to see them? I'll be glad to post the links.

"Despite government claims, the job market is still lagging. The poverty rate is on the rise, The Journal says. And federal laws passed under former President Clinton and further under Mr. Obama are actually driving the enrollment rate higher. Those laws allow for those with higher incomes to take food stamps — the logic being that helping people before they reach crisis financial level will actually stimulate the economy, The Journal says."

Food stamp president: Enrollment up 70 percent under Obama

I KNOW THIS MUST BE A RIGHT WING LIE, AFTER 8 YEARS OF DUBYA/GOP "JOB CREATOR" POLICIES CUPCAKE? COME ON


But you have to go back to 2013 huh?

HOW BIG OF A HOLE DID DUBYA/GOP DIG AGAIN CUPCAKE?

The reason I went back to 2013 (supposedly long after the recession ended) was to prove that food stamps rose because of changes in regulations--not poverty.

What you need to understand fruitcake is that Democrats want to expand their voting base just like Republicans. One way of doing that is to create more government dependents. The more government dependents, the more likely Democrat voters. It had nothing to do with poverty. It had to do with getting more voters for the DNC.

OK Cupcake SHOW why it was Dems versus 8 years of Dubya/GOP "job creator" policies that drove US into the hole? You know how big of a hole Dubya's great recession was right?


$16 TRILLION OF LOST WEALTH

7 MILLION LOST JOBS

10 MILLION HOMES FORECLOSED

MILLIONS AND MILLIONS OF HOMES UPSIDE DOWN!

And that was all W's fault? It was partially his fault, but the beginning of the housing bubble regulations that started it was long before W took office. Care to see them? I'll be glad to post the links.

REGULATIONS? LMAOROG

Q When did the Bush Mortgage Bubble start?

A The general timeframe is it started late 2004.

From Bush's President’s Working Group on Financial Markets March 2008

"The Presidents Working Group's March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007"


Q Did the Community Reinvestment Act under Carter/Clinton caused it?


A "Since 1995 there has been essentially no change in the basic CRA rules or enforcement process that can be reasonably linked to the subprime lending activity. This fact weakens the link between the CRA and the current crisis since the crisis is rooted in poor performance of mortgage loans made between 2004 and 2007. "

http://www.federalreserve.gov/newsevents/speech/20081203_analysis.pdf


Q Why is it commonly called the "subprime bubble" ?

A Because the Bush Mortgage Bubble coincided with the explosive growth of Subprime mortgage and politics. Also the subprime MBS market was the first to collapse in late 2006. In 2003, 10 % of all mortgages were subprime. In 2006, 40 % were subprime. This is a 300 % increase in subprime lending. (and notice it coincides with the dates of the Bush Mortgage bubble that Bush and the Fed said)



..."Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages."

Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50 % OF ALL MORTGAGES IN 2006 DIDN'T REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?

A Yes.




Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?

A Banks.

Q WHY??!?!!!?!

A Two reasons, greed and Bush's regulators let them



Bush's documented policies and statements in timeframe leading up to the start of the Bush Mortgage Bubble include (but not limited to)

Wanting 5.5 million more minority homeowners
Tells congress there is nothing wrong with GSEs
Pledging to use federal policy to increase home ownership
Routinely taking credit for the housing market
Forcing GSEs to buy more low income home loans by raising their Housing Goals
Lowering Invesntment bank' capital requirements, Net Capital rule
Reversing the Clinton rule that restricted GSEs purchases of subprime loans
Lowering down payment requirements to 0%
Forcing GSEs to spend an additional $440 billion in the secondary markets
Giving away 40,000 free down payments
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING


But the biggest policy was regulators not enforcing lending standards.

MY OLD ACCOUNT, GOT LOCKED OUT OF EMAIL:

FACTS on Dubya's great recession

Bush really fucked up by giving aid to Africa and bailing out the car companies

 

[JonKoch]

You mean a growing economy versus one dumping 9%+ the last quarter of 2008?

DECEMBER 2007


THE ECONOMIC CONSEQUENCES OF MR. BUSH
The next president will have to deal with yet another crippling legacy of George W. Bush: the economy. A Nobel laureate, Joseph E. Stiglitz, sees a generation-long struggle to recoup.

The Economic Consequences of Mr. Bush

By the time Obama was inaugurated in 2009, the unemployment rate had spiked from 5 percent to 7.8 percent, on its way to 10 percent a few months later. A rising tide of middle-class families were losing homes, turning to food stamps and seeking government-sponsored health care for the first time.

Yet Obama handed Trump the reins of an economy with a 4.7 percent unemployment rate; 75 consecutive months of job growth;rising stock prices, home values, corporate profits and consumer confidence; low inflation; and, following several years of sluggish income growth, a record spike in middle-class incomes.

In 2016, increases in hourly earnings accelerated, which, when combined with increased rates of employment, helped boost overall household incomes. Real household debt is lower than it was in 2006.

"As 2016 ends, the U.S. labor market is in its best shape since the recession, with nearly every measure of the market at its most favorable level in years," economist Jed Kolko concluded in his end-of-the-year report for the jobs website Indeed.

In other words, Obama left the economy in much better shape than he inherited it, even if it remains imperfect for every American.

Did Donald Trump inherit 'a mess' from Barack Obama?

Did Trump inherit a mess? 8 charts show otherwise

Did Trump inherit a mess? 8 charts show otherwise


IT'S CALLED CRITICAL THINKING AND REASONING CUPCAKE!

Tax cuts were never the federal government's to begin with... shit for brains

Sorry cupcake, unless you cut spending, you just drive up debt like Ronnie/Dubya did Cupcake

Yeah, sorry I forgot ALL THOSE TAX CUTS AND WAR COSTS STOP THE DAY THE NEXT GUY STEPS INTO OFFICE *SHAKING HEAD*

This site tracks the current Reagan Bush Debt.


The Reagan-Bush Debt is how much of the national debt of the United States is attributable to the presidencies of Ronald Reagan, George H. W. Bush, George W. Bush, and the Republican fiscal policy of Borrow-And-Spend.

As of Tuesday, May 30, 2017 at 7:39:10PM CT,

The Current ReaganBush Debt is:

$18,640,055,846,016.00

which means that in a total of 20 years, these three presidents have led to the creation of 93.85%
of the entire national debt


In only 8.2988% of the 241 years of the existence of the United States of America.

ReaganBushDebt.org

Cut taxes and have never been the government to begin with

Too bad they didn't cut spending to, instead of blowing it up like Ronnie/Dubya right cupcake?

 

[JonKoch]

Putting GWB and Obama terms in perspective with the actual numbers.
Some major considerations:
A) Under GWB major events occurred that have never occurred in 8 years as they did under GWB.
Inherited a recession. A dot.com bust that lost $8 Trillion which meant those losses are deducted from tax revenue.
B) Under GWB TARP was passed and under Obama it was ALL PAID BACK plus a $75.8 Billion profit!
C) In spite of NO events, in spite of TARP being repaid Obama's deficits over 8 years nearly doubled the national debt.
From 2009 to 2013 Obama spent $4.8 Trillion MORE then receipts. And from 2014 to 2016 added another $2 Trillion by spending more then what came.
In spite of all of TARP being paid back. In spite of NO major hurricanes. In spite of no major events like dot.com or 9/11 or anthrax attacks or the 9/18/08 economic
attack on America when $500B was moved out of the nearly $4T money market funds in less then 2 hours. In spite of NO EVENTS like these.. Obama nearly
doubled the national debt. More people on welfare.

View attachment 129830

MORE RIGHT WING BS, I'm shocked cupcake, shocked

The Attacks Will Be Spectacular’
An exclusive look at how the Bush administration ignored this warning from the CIA months before 9/11, along with others that were far more detailed than previously revealed.
How the Bush administration ignored a significant warning from the CIA months before 9/11

 

[Rustic]

Tax cuts were never the federal government's to begin with... shit for brains

Sorry cupcake, unless you cut spending, you just drive up debt like Ronnie/Dubya did Cupcake

Yeah, sorry I forgot ALL THOSE TAX CUTS AND WAR COSTS STOP THE DAY THE NEXT GUY STEPS INTO OFFICE *SHAKING HEAD*

This site tracks the current Reagan Bush Debt.


The Reagan-Bush Debt is how much of the national debt of the United States is attributable to the presidencies of Ronald Reagan, George H. W. Bush, George W. Bush, and the Republican fiscal policy of Borrow-And-Spend.

As of Tuesday, May 30, 2017 at 7:39:10PM CT,

The Current ReaganBush Debt is:

$18,640,055,846,016.00

which means that in a total of 20 years, these three presidents have led to the creation of 93.85%
of the entire national debt


In only 8.2988% of the 241 years of the existence of the United States of America.

ReaganBushDebt.org

Cut taxes and have never been the government to begin with

Too bad they didn't cut spending to, instead of blowing it up like Ronnie/Dubya right cupcake?

What do you think I give a shit about any career politician no matter what side of the aisle they are on - they are all scums of the earth you fucking little weasel worshiper?
can you suck anymore Obama dick?

 

[JonKoch]

I KNOW THIS MUST BE A RIGHT WING LIE, AFTER 8 YEARS OF DUBYA/GOP "JOB CREATOR" POLICIES CUPCAKE? COME ON


But you have to go back to 2013 huh?

HOW BIG OF A HOLE DID DUBYA/GOP DIG AGAIN CUPCAKE?

The reason I went back to 2013 (supposedly long after the recession ended) was to prove that food stamps rose because of changes in regulations--not poverty.

What you need to understand fruitcake is that Democrats want to expand their voting base just like Republicans. One way of doing that is to create more government dependents. The more government dependents, the more likely Democrat voters. It had nothing to do with poverty. It had to do with getting more voters for the DNC.

OK Cupcake SHOW why it was Dems versus 8 years of Dubya/GOP "job creator" policies that drove US into the hole? You know how big of a hole Dubya's great recession was right?


$16 TRILLION OF LOST WEALTH

7 MILLION LOST JOBS

10 MILLION HOMES FORECLOSED

MILLIONS AND MILLIONS OF HOMES UPSIDE DOWN!

And that was all W's fault? It was partially his fault, but the beginning of the housing bubble regulations that started it was long before W took office. Care to see them? I'll be glad to post the links.

I KNOW THIS MUST BE A RIGHT WING LIE, AFTER 8 YEARS OF DUBYA/GOP "JOB CREATOR" POLICIES CUPCAKE? COME ON


But you have to go back to 2013 huh?

HOW BIG OF A HOLE DID DUBYA/GOP DIG AGAIN CUPCAKE?

The reason I went back to 2013 (supposedly long after the recession ended) was to prove that food stamps rose because of changes in regulations--not poverty.

What you need to understand fruitcake is that Democrats want to expand their voting base just like Republicans. One way of doing that is to create more government dependents. The more government dependents, the more likely Democrat voters. It had nothing to do with poverty. It had to do with getting more voters for the DNC.

OK Cupcake SHOW why it was Dems versus 8 years of Dubya/GOP "job creator" policies that drove US into the hole? You know how big of a hole Dubya's great recession was right?


$16 TRILLION OF LOST WEALTH

7 MILLION LOST JOBS

10 MILLION HOMES FORECLOSED

MILLIONS AND MILLIONS OF HOMES UPSIDE DOWN!

And that was all W's fault? It was partially his fault, but the beginning of the housing bubble regulations that started it was long before W took office. Care to see them? I'll be glad to post the links.

REGULATIONS? LMAOROG

Q When did the Bush Mortgage Bubble start?

A The general timeframe is it started late 2004.

From Bush's President’s Working Group on Financial Markets March 2008

"The Presidents Working Group's March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007"


Q Did the Community Reinvestment Act under Carter/Clinton caused it?


A "Since 1995 there has been essentially no change in the basic CRA rules or enforcement process that can be reasonably linked to the subprime lending activity. This fact weakens the link between the CRA and the current crisis since the crisis is rooted in poor performance of mortgage loans made between 2004 and 2007. "

http://www.federalreserve.gov/newsevents/speech/20081203_analysis.pdf


Q Why is it commonly called the "subprime bubble" ?

A Because the Bush Mortgage Bubble coincided with the explosive growth of Subprime mortgage and politics. Also the subprime MBS market was the first to collapse in late 2006. In 2003, 10 % of all mortgages were subprime. In 2006, 40 % were subprime. This is a 300 % increase in subprime lending. (and notice it coincides with the dates of the Bush Mortgage bubble that Bush and the Fed said)



..."Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages."

Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50 % OF ALL MORTGAGES IN 2006 DIDN'T REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?

A Yes.




Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?

A Banks.

Q WHY??!?!!!?!

A Two reasons, greed and Bush's regulators let them



Bush's documented policies and statements in timeframe leading up to the start of the Bush Mortgage Bubble include (but not limited to)

Wanting 5.5 million more minority homeowners
Tells congress there is nothing wrong with GSEs
Pledging to use federal policy to increase home ownership
Routinely taking credit for the housing market
Forcing GSEs to buy more low income home loans by raising their Housing Goals
Lowering Invesntment bank' capital requirements, Net Capital rule
Reversing the Clinton rule that restricted GSEs purchases of subprime loans
Lowering down payment requirements to 0%
Forcing GSEs to spend an additional $440 billion in the secondary markets
Giving away 40,000 free down payments
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING


But the biggest policy was regulators not enforcing lending standards.

MY OLD ACCOUNT, GOT LOCKED OUT OF EMAIL:

FACTS on Dubya's great recession

Bush really fucked up by giving aid to Africa and bailing out the car companies

After crashing the economy with 8 years of "GOP JOB CREATOR" POLICIES CUPCAKE?

 

[JonKoch]

Sorry cupcake, unless you cut spending, you just drive up debt like Ronnie/Dubya did Cupcake

Yeah, sorry I forgot ALL THOSE TAX CUTS AND WAR COSTS STOP THE DAY THE NEXT GUY STEPS INTO OFFICE *SHAKING HEAD*

This site tracks the current Reagan Bush Debt.


The Reagan-Bush Debt is how much of the national debt of the United States is attributable to the presidencies of Ronald Reagan, George H. W. Bush, George W. Bush, and the Republican fiscal policy of Borrow-And-Spend.

As of Tuesday, May 30, 2017 at 7:39:10PM CT,

The Current ReaganBush Debt is:

$18,640,055,846,016.00

which means that in a total of 20 years, these three presidents have led to the creation of 93.85%
of the entire national debt


In only 8.2988% of the 241 years of the existence of the United States of America.

ReaganBushDebt.org

Cut taxes and have never been the government to begin with

Too bad they didn't cut spending to, instead of blowing it up like Ronnie/Dubya right cupcake?

What do you think I give a shit about any career politician no matter what side of the aisle they are on - they are all scums of the earth you fucking little weasel worshiper?
can you suck anymore Obama dick?

Sure cupcake, THAT'S why you tried to give cover for Dubya with your Africa/Auto bailout BS

 

[JonKoch]

Yes, it was dropping, who said it would continue WITHOUT the LBJ works cupcake?

What proof do you have it wouldn't fruitcake? Seems to me we were on the right track long before he did anything.

YOU made the posit it was going down REGARDLESS cupcake, seems YOU should be able to back it up?

5. Did it reduce poverty, actually?

It did. A recent study from economists at Columbia broke down changes in poverty before and after the government gets involved in the form of taxes and transfers, and found that, when you take government intervention into account, poverty is down considerably from 1967 to 2012, from 26 percent to 16 percent:


WAPO

Everything you need to know about the war on poverty


Indeed, Demos estimates that 40 million Americans were kept out of poverty due to food stamps, the Earned Income Tax Credit, Medicaid, and other programs in 2010.

WAPO

Poverty in the 50 years since ‘The Other America,’ in five charts

Teach a man to fish goes a lot farther than giving man a fish… Jack weed

Care to point out this mysterious libertarian paradise cupcake?

 

[Rustic]

The reason I went back to 2013 (supposedly long after the recession ended) was to prove that food stamps rose because of changes in regulations--not poverty.

What you need to understand fruitcake is that Democrats want to expand their voting base just like Republicans. One way of doing that is to create more government dependents. The more government dependents, the more likely Democrat voters. It had nothing to do with poverty. It had to do with getting more voters for the DNC.

OK Cupcake SHOW why it was Dems versus 8 years of Dubya/GOP "job creator" policies that drove US into the hole? You know how big of a hole Dubya's great recession was right?


$16 TRILLION OF LOST WEALTH

7 MILLION LOST JOBS

10 MILLION HOMES FORECLOSED

MILLIONS AND MILLIONS OF HOMES UPSIDE DOWN!

And that was all W's fault? It was partially his fault, but the beginning of the housing bubble regulations that started it was long before W took office. Care to see them? I'll be glad to post the links.

The reason I went back to 2013 (supposedly long after the recession ended) was to prove that food stamps rose because of changes in regulations--not poverty.

What you need to understand fruitcake is that Democrats want to expand their voting base just like Republicans. One way of doing that is to create more government dependents. The more government dependents, the more likely Democrat voters. It had nothing to do with poverty. It had to do with getting more voters for the DNC.

OK Cupcake SHOW why it was Dems versus 8 years of Dubya/GOP "job creator" policies that drove US into the hole? You know how big of a hole Dubya's great recession was right?


$16 TRILLION OF LOST WEALTH

7 MILLION LOST JOBS

10 MILLION HOMES FORECLOSED

MILLIONS AND MILLIONS OF HOMES UPSIDE DOWN!

And that was all W's fault? It was partially his fault, but the beginning of the housing bubble regulations that started it was long before W took office. Care to see them? I'll be glad to post the links.

REGULATIONS? LMAOROG

Q When did the Bush Mortgage Bubble start?

A The general timeframe is it started late 2004.

From Bush's President’s Working Group on Financial Markets March 2008

"The Presidents Working Group's March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007"


Q Did the Community Reinvestment Act under Carter/Clinton caused it?


A "Since 1995 there has been essentially no change in the basic CRA rules or enforcement process that can be reasonably linked to the subprime lending activity. This fact weakens the link between the CRA and the current crisis since the crisis is rooted in poor performance of mortgage loans made between 2004 and 2007. "

http://www.federalreserve.gov/newsevents/speech/20081203_analysis.pdf


Q Why is it commonly called the "subprime bubble" ?

A Because the Bush Mortgage Bubble coincided with the explosive growth of Subprime mortgage and politics. Also the subprime MBS market was the first to collapse in late 2006. In 2003, 10 % of all mortgages were subprime. In 2006, 40 % were subprime. This is a 300 % increase in subprime lending. (and notice it coincides with the dates of the Bush Mortgage bubble that Bush and the Fed said)



..."Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages."

Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50 % OF ALL MORTGAGES IN 2006 DIDN'T REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?

A Yes.




Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?

A Banks.

Q WHY??!?!!!?!

A Two reasons, greed and Bush's regulators let them



Bush's documented policies and statements in timeframe leading up to the start of the Bush Mortgage Bubble include (but not limited to)

Wanting 5.5 million more minority homeowners
Tells congress there is nothing wrong with GSEs
Pledging to use federal policy to increase home ownership
Routinely taking credit for the housing market
Forcing GSEs to buy more low income home loans by raising their Housing Goals
Lowering Invesntment bank' capital requirements, Net Capital rule
Reversing the Clinton rule that restricted GSEs purchases of subprime loans
Lowering down payment requirements to 0%
Forcing GSEs to spend an additional $440 billion in the secondary markets
Giving away 40,000 free down payments
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING


But the biggest policy was regulators not enforcing lending standards.

MY OLD ACCOUNT, GOT LOCKED OUT OF EMAIL:

FACTS on Dubya's great recession

Bush really fucked up by giving aid to Africa and bailing out the car companies

After crashing the economy with 8 years of "GOP JOB CREATOR" POLICIES CUPCAKE?

First of all the GOP establishment are progressives, George W. Bush started all of the bailouts of Banks and car companies and what not. Which were the biggest failures of his presidency. Not to mention the stupidity of giving all of that aid to Africa.

 

[JonKoch]

Putting GWB and Obama terms in perspective with the actual numbers.
Some major considerations:
A) Under GWB major events occurred that have never occurred in 8 years as they did under GWB.
Inherited a recession. A dot.com bust that lost $8 Trillion which meant those losses are deducted from tax revenue.
B) Under GWB TARP was passed and under Obama it was ALL PAID BACK plus a $75.8 Billion profit!
C) In spite of NO events, in spite of TARP being repaid Obama's deficits over 8 years nearly doubled the national debt.
From 2009 to 2013 Obama spent $4.8 Trillion MORE then receipts. And from 2014 to 2016 added another $2 Trillion by spending more then what came.
In spite of all of TARP being paid back. In spite of NO major hurricanes. In spite of no major events like dot.com or 9/11 or anthrax attacks or the 9/18/08 economic
attack on America when $500B was moved out of the nearly $4T money market funds in less then 2 hours. In spite of NO EVENTS like these.. Obama nearly
doubled the national debt. More people on welfare.

View attachment 129830

 

[Rustic]

Yeah, sorry I forgot ALL THOSE TAX CUTS AND WAR COSTS STOP THE DAY THE NEXT GUY STEPS INTO OFFICE *SHAKING HEAD*

This site tracks the current Reagan Bush Debt.


The Reagan-Bush Debt is how much of the national debt of the United States is attributable to the presidencies of Ronald Reagan, George H. W. Bush, George W. Bush, and the Republican fiscal policy of Borrow-And-Spend.

As of Tuesday, May 30, 2017 at 7:39:10PM CT,

The Current ReaganBush Debt is:

$18,640,055,846,016.00

which means that in a total of 20 years, these three presidents have led to the creation of 93.85%
of the entire national debt


In only 8.2988% of the 241 years of the existence of the United States of America.

ReaganBushDebt.org

Cut taxes and have never been the government to begin with

Too bad they didn't cut spending to, instead of blowing it up like Ronnie/Dubya right cupcake?

What do you think I give a shit about any career politician no matter what side of the aisle they are on - they are all scums of the earth you fucking little weasel worshiper?
can you suck anymore Obama dick?

Sure cupcake, THAT'S why you tried to give cover for Dubya with your Africa/Auto bailout BS

Bush fucked up by giving the bailouts to banks and car companies, and unnecessary aid to Africa.
By the way I've never voted for career politician in my life...

 

[JonKoch]

OK Cupcake SHOW why it was Dems versus 8 years of Dubya/GOP "job creator" policies that drove US into the hole? You know how big of a hole Dubya's great recession was right?


$16 TRILLION OF LOST WEALTH

7 MILLION LOST JOBS

10 MILLION HOMES FORECLOSED

MILLIONS AND MILLIONS OF HOMES UPSIDE DOWN!

And that was all W's fault? It was partially his fault, but the beginning of the housing bubble regulations that started it was long before W took office. Care to see them? I'll be glad to post the links.

OK Cupcake SHOW why it was Dems versus 8 years of Dubya/GOP "job creator" policies that drove US into the hole? You know how big of a hole Dubya's great recession was right?


$16 TRILLION OF LOST WEALTH

7 MILLION LOST JOBS

10 MILLION HOMES FORECLOSED

MILLIONS AND MILLIONS OF HOMES UPSIDE DOWN!

And that was all W's fault? It was partially his fault, but the beginning of the housing bubble regulations that started it was long before W took office. Care to see them? I'll be glad to post the links.

REGULATIONS? LMAOROG

Q When did the Bush Mortgage Bubble start?

A The general timeframe is it started late 2004.

From Bush's President’s Working Group on Financial Markets March 2008

"The Presidents Working Group's March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007"


Q Did the Community Reinvestment Act under Carter/Clinton caused it?


A "Since 1995 there has been essentially no change in the basic CRA rules or enforcement process that can be reasonably linked to the subprime lending activity. This fact weakens the link between the CRA and the current crisis since the crisis is rooted in poor performance of mortgage loans made between 2004 and 2007. "

http://www.federalreserve.gov/newsevents/speech/20081203_analysis.pdf


Q Why is it commonly called the "subprime bubble" ?

A Because the Bush Mortgage Bubble coincided with the explosive growth of Subprime mortgage and politics. Also the subprime MBS market was the first to collapse in late 2006. In 2003, 10 % of all mortgages were subprime. In 2006, 40 % were subprime. This is a 300 % increase in subprime lending. (and notice it coincides with the dates of the Bush Mortgage bubble that Bush and the Fed said)



..."Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages."

Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50 % OF ALL MORTGAGES IN 2006 DIDN'T REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?

A Yes.




Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?

A Banks.

Q WHY??!?!!!?!

A Two reasons, greed and Bush's regulators let them



Bush's documented policies and statements in timeframe leading up to the start of the Bush Mortgage Bubble include (but not limited to)

Wanting 5.5 million more minority homeowners
Tells congress there is nothing wrong with GSEs
Pledging to use federal policy to increase home ownership
Routinely taking credit for the housing market
Forcing GSEs to buy more low income home loans by raising their Housing Goals
Lowering Invesntment bank' capital requirements, Net Capital rule
Reversing the Clinton rule that restricted GSEs purchases of subprime loans
Lowering down payment requirements to 0%
Forcing GSEs to spend an additional $440 billion in the secondary markets
Giving away 40,000 free down payments
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING


But the biggest policy was regulators not enforcing lending standards.

MY OLD ACCOUNT, GOT LOCKED OUT OF EMAIL:

FACTS on Dubya's great recession

Bush really fucked up by giving aid to Africa and bailing out the car companies

After crashing the economy with 8 years of "GOP JOB CREATOR" POLICIES CUPCAKE?

First of all the GOP establishment are progressives, George W. Bush started all of the bailouts of Banks and car companies and what not. Which were the biggest failures of his presidency. Not to mention the stupidity of giving all of that aid to Africa.

Sure cupcake, THAT was your original premise

 

[Rustic]

Putting GWB and Obama terms in perspective with the actual numbers.
Some major considerations:
A) Under GWB major events occurred that have never occurred in 8 years as they did under GWB.
Inherited a recession. A dot.com bust that lost $8 Trillion which meant those losses are deducted from tax revenue.
B) Under GWB TARP was passed and under Obama it was ALL PAID BACK plus a $75.8 Billion profit!
C) In spite of NO events, in spite of TARP being repaid Obama's deficits over 8 years nearly doubled the national debt.
From 2009 to 2013 Obama spent $4.8 Trillion MORE then receipts. And from 2014 to 2016 added another $2 Trillion by spending more then what came.
In spite of all of TARP being paid back. In spite of NO major hurricanes. In spite of no major events like dot.com or 9/11 or anthrax attacks or the 9/18/08 economic
attack on America when $500B was moved out of the nearly $4T money market funds in less then 2 hours. In spite of NO EVENTS like these.. Obama nearly
doubled the national debt. More people on welfare.

View attachment 129830

He was a fuck up along with the GOP establishment

 

[Rustic]

Yes, it was dropping, who said it would continue WITHOUT the LBJ works cupcake?

What proof do you have it wouldn't fruitcake? Seems to me we were on the right track long before he did anything.

YOU made the posit it was going down REGARDLESS cupcake, seems YOU should be able to back it up?

5. Did it reduce poverty, actually?

It did. A recent study from economists at Columbia broke down changes in poverty before and after the government gets involved in the form of taxes and transfers, and found that, when you take government intervention into account, poverty is down considerably from 1967 to 2012, from 26 percent to 16 percent:


WAPO

Everything you need to know about the war on poverty


Indeed, Demos estimates that 40 million Americans were kept out of poverty due to food stamps, the Earned Income Tax Credit, Medicaid, and other programs in 2010.

WAPO

Poverty in the 50 years since ‘The Other America,’ in five charts

Teach a man to fish goes a lot farther than giving man a fish… Jack weed

Care to point out this mysterious libertarian paradise cupcake?

Its Called self-sufficiency, socialists would not understand

 

[JonKoch]

Putting GWB and Obama terms in perspective with the actual numbers.
Some major considerations:
A) Under GWB major events occurred that have never occurred in 8 years as they did under GWB.
Inherited a recession. A dot.com bust that lost $8 Trillion which meant those losses are deducted from tax revenue.
B) Under GWB TARP was passed and under Obama it was ALL PAID BACK plus a $75.8 Billion profit!
C) In spite of NO events, in spite of TARP being repaid Obama's deficits over 8 years nearly doubled the national debt.
From 2009 to 2013 Obama spent $4.8 Trillion MORE then receipts. And from 2014 to 2016 added another $2 Trillion by spending more then what came.
In spite of all of TARP being paid back. In spite of NO major hurricanes. In spite of no major events like dot.com or 9/11 or anthrax attacks or the 9/18/08 economic
attack on America when $500B was moved out of the nearly $4T money market funds in less then 2 hours. In spite of NO EVENTS like these.. Obama nearly
doubled the national debt. More people on welfare.

View attachment 129830

He was a fuck up along with the GOP establishment

ANY GOPer and ALL CONservatives are fuck up's cupcake, I get that

 

[Rustic]

And that was all W's fault? It was partially his fault, but the beginning of the housing bubble regulations that started it was long before W took office. Care to see them? I'll be glad to post the links.

And that was all W's fault? It was partially his fault, but the beginning of the housing bubble regulations that started it was long before W took office. Care to see them? I'll be glad to post the links.

REGULATIONS? LMAOROG

Q When did the Bush Mortgage Bubble start?

A The general timeframe is it started late 2004.

From Bush's President’s Working Group on Financial Markets March 2008

"The Presidents Working Group's March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007"


Q Did the Community Reinvestment Act under Carter/Clinton caused it?


A "Since 1995 there has been essentially no change in the basic CRA rules or enforcement process that can be reasonably linked to the subprime lending activity. This fact weakens the link between the CRA and the current crisis since the crisis is rooted in poor performance of mortgage loans made between 2004 and 2007. "

http://www.federalreserve.gov/newsevents/speech/20081203_analysis.pdf


Q Why is it commonly called the "subprime bubble" ?

A Because the Bush Mortgage Bubble coincided with the explosive growth of Subprime mortgage and politics. Also the subprime MBS market was the first to collapse in late 2006. In 2003, 10 % of all mortgages were subprime. In 2006, 40 % were subprime. This is a 300 % increase in subprime lending. (and notice it coincides with the dates of the Bush Mortgage bubble that Bush and the Fed said)



..."Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages."

Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50 % OF ALL MORTGAGES IN 2006 DIDN'T REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?

A Yes.




Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?

A Banks.

Q WHY??!?!!!?!

A Two reasons, greed and Bush's regulators let them



Bush's documented policies and statements in timeframe leading up to the start of the Bush Mortgage Bubble include (but not limited to)

Wanting 5.5 million more minority homeowners
Tells congress there is nothing wrong with GSEs
Pledging to use federal policy to increase home ownership
Routinely taking credit for the housing market
Forcing GSEs to buy more low income home loans by raising their Housing Goals
Lowering Invesntment bank' capital requirements, Net Capital rule
Reversing the Clinton rule that restricted GSEs purchases of subprime loans
Lowering down payment requirements to 0%
Forcing GSEs to spend an additional $440 billion in the secondary markets
Giving away 40,000 free down payments
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING


But the biggest policy was regulators not enforcing lending standards.

MY OLD ACCOUNT, GOT LOCKED OUT OF EMAIL:

FACTS on Dubya's great recession

Bush really fucked up by giving aid to Africa and bailing out the car companies

After crashing the economy with 8 years of "GOP JOB CREATOR" POLICIES CUPCAKE?

First of all the GOP establishment are progressives, George W. Bush started all of the bailouts of Banks and car companies and what not. Which were the biggest failures of his presidency. Not to mention the stupidity of giving all of that aid to Africa.

Sure cupcake, THAT was your original premise

An Inconvenient Truth: It Was George W. Bush Who Bailed Out the Automakers

 

[Rustic]

Putting GWB and Obama terms in perspective with the actual numbers.
Some major considerations:
A) Under GWB major events occurred that have never occurred in 8 years as they did under GWB.
Inherited a recession. A dot.com bust that lost $8 Trillion which meant those losses are deducted from tax revenue.
B) Under GWB TARP was passed and under Obama it was ALL PAID BACK plus a $75.8 Billion profit!
C) In spite of NO events, in spite of TARP being repaid Obama's deficits over 8 years nearly doubled the national debt.
From 2009 to 2013 Obama spent $4.8 Trillion MORE then receipts. And from 2014 to 2016 added another $2 Trillion by spending more then what came.
In spite of all of TARP being paid back. In spite of NO major hurricanes. In spite of no major events like dot.com or 9/11 or anthrax attacks or the 9/18/08 economic
attack on America when $500B was moved out of the nearly $4T money market funds in less then 2 hours. In spite of NO EVENTS like these.. Obama nearly
doubled the national debt. More people on welfare.

View attachment 129830

He was a fuck up along with the GOP establishment

ANY GOPer and ALL CONservatives are fuck up's cupcake, I get that

Do you enjoy sucking the Cocks of career politicians?

 

[Rustic]

Another absolute waste

Bush's Legacy on Africa Wins Praise

 

[JonKoch]

REGULATIONS? LMAOROG

Q When did the Bush Mortgage Bubble start?

A The general timeframe is it started late 2004.

From Bush's President’s Working Group on Financial Markets March 2008

"The Presidents Working Group's March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007"


Q Did the Community Reinvestment Act under Carter/Clinton caused it?


A "Since 1995 there has been essentially no change in the basic CRA rules or enforcement process that can be reasonably linked to the subprime lending activity. This fact weakens the link between the CRA and the current crisis since the crisis is rooted in poor performance of mortgage loans made between 2004 and 2007. "

http://www.federalreserve.gov/newsevents/speech/20081203_analysis.pdf


Q Why is it commonly called the "subprime bubble" ?

A Because the Bush Mortgage Bubble coincided with the explosive growth of Subprime mortgage and politics. Also the subprime MBS market was the first to collapse in late 2006. In 2003, 10 % of all mortgages were subprime. In 2006, 40 % were subprime. This is a 300 % increase in subprime lending. (and notice it coincides with the dates of the Bush Mortgage bubble that Bush and the Fed said)



..."Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages."

Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50 % OF ALL MORTGAGES IN 2006 DIDN'T REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?

A Yes.




Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?

A Banks.

Q WHY??!?!!!?!

A Two reasons, greed and Bush's regulators let them



Bush's documented policies and statements in timeframe leading up to the start of the Bush Mortgage Bubble include (but not limited to)

Wanting 5.5 million more minority homeowners
Tells congress there is nothing wrong with GSEs
Pledging to use federal policy to increase home ownership
Routinely taking credit for the housing market
Forcing GSEs to buy more low income home loans by raising their Housing Goals
Lowering Invesntment bank' capital requirements, Net Capital rule
Reversing the Clinton rule that restricted GSEs purchases of subprime loans
Lowering down payment requirements to 0%
Forcing GSEs to spend an additional $440 billion in the secondary markets
Giving away 40,000 free down payments
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING


But the biggest policy was regulators not enforcing lending standards.

MY OLD ACCOUNT, GOT LOCKED OUT OF EMAIL:

FACTS on Dubya's great recession

Bush really fucked up by giving aid to Africa and bailing out the car companies

After crashing the economy with 8 years of "GOP JOB CREATOR" POLICIES CUPCAKE?

First of all the GOP establishment are progressives, George W. Bush started all of the bailouts of Banks and car companies and what not. Which were the biggest failures of his presidency. Not to mention the stupidity of giving all of that aid to Africa.

Sure cupcake, THAT was your original premise

An Inconvenient Truth: It Was George W. Bush Who Bailed Out the Automakers

Gosh cupcake, thought YOU had no use for ANY of the guys? LMAOROG

Why'd he have to bail them out again? Oh right 8 years of GOP "job creator" policies

After the 9/11 terrorist attacks, President Bush didn't call for sacrifice. He called for shopping. "Get down to Disney World in Florida," he said.
A Look Back at Bush's Economic Missteps - TIME

Fed Tax Break Encourages SUV Purchases

Thanks to a generous tax credit, Karl Wizinsky is driving a very large vehicle these days — a 2002 Ford Excursion.

"It doesn't hurt to have a larger vehicle, but I wouldn't say it's a requirement of my business," he said on a cell phone while driving the Excursion. "But I ended up saving $32,000."

This year, the perks of buying a large SUV — if you're a small business owner — got even bigger.

Congress recently passed a tax bill, as proposed in President Bush's economic stimulus plan, that offers a $100,000 tax credit for business owners who purchase any vehicle weighing 6,000 pounds or more when fully loaded.

When Wizinsky's accountant told him about the credit last year, the amount was much less, at $75,000, but it was enough to encourage Wizinsky to trade in his Mercury Marquis for the Excursion.

"It sounded too good to be true," said Wizinsky, a health care consultant in Novi, Mich. "But it was true. So I bought the SUV. For a small company like mine it's a significant credit."

Hybrid Earns Smaller Break

Meanwhile, legislation that offers a much smaller tax break — a $2,000 tax deduction — to those who purchase fuel-efficient hybrid cars is on track to be phased out.
Fed Tax Break Encourages SUV Purchases

 

[JonKoch]

Putting GWB and Obama terms in perspective with the actual numbers.
Some major considerations:
A) Under GWB major events occurred that have never occurred in 8 years as they did under GWB.
Inherited a recession. A dot.com bust that lost $8 Trillion which meant those losses are deducted from tax revenue.
B) Under GWB TARP was passed and under Obama it was ALL PAID BACK plus a $75.8 Billion profit!
C) In spite of NO events, in spite of TARP being repaid Obama's deficits over 8 years nearly doubled the national debt.
From 2009 to 2013 Obama spent $4.8 Trillion MORE then receipts. And from 2014 to 2016 added another $2 Trillion by spending more then what came.
In spite of all of TARP being paid back. In spite of NO major hurricanes. In spite of no major events like dot.com or 9/11 or anthrax attacks or the 9/18/08 economic
attack on America when $500B was moved out of the nearly $4T money market funds in less then 2 hours. In spite of NO EVENTS like these.. Obama nearly
doubled the national debt. More people on welfare.

View attachment 129830

He was a fuck up along with the GOP establishment

ANY GOPer and ALL CONservatives are fuck up's cupcake, I get that

Do you enjoy sucking the Cocks of career politicians?

Too funny cupcake after YOU did that for Dubya