You are unemployed and want a new job, under a Democratic president you have a better chance of getting one!

[Toddsterpatriot]

Republicans and Dems were responsible for the 2008 prime mortgage recession. They made everything worse with their invasion of Iraq. Both Republicans and Democrats voted for the war, not speaking of the fact that the repeal of the Glass-Steagall Act in 1999 was a bipartisan effort.

The repeal of Glass-Steagall had little to nothing to do with the mortgage crisis.

 

[Toddsterpatriot]

Obama "inherited" the recession caused by Bush Jr. and turned it around.

How did he "turn it around"?

 

[jc456]

Republicans and Dems were responsible for the 2008 prime mortgage recession. They made everything worse with their invasion of Iraq. Both Republicans and Democrats voted for the war, not speaking of the fact that the repeal of the Glass-Steagall Act in 1999 was a bipartisan effort.

Bill Clinton: Glass-Steagall repeal had nothing to do with financial crisis

Recently, activists have shown up at Hillary Clinton’s campaign events to urge her to bring back Glass-Steagall. What is

www.politifact.com

Is this what caused the most recent financial crisis? There’s plenty of room for debate here, given that there isn’t a single what-caused-the-crisis narrative that every economist accepts. It’s safe to say, though, that there is not a prominent group of economists who argue "but for the 1999 repeal of Glass-Steagall, the crisis would not have happened."

 

[Toddsterpatriot]

How? You certainly made a statement about Reagan and did not provide proof as to how, why should I?

Having said that, you do know that the stock market goes down during recessions, don't you?

Here is the chart of the DOW from 2008-2017. Obama took over on January 2009. See what he did. He almost tripled the value of the DOW.

View attachment 1001657


When Reagan took office, the DOW was at 947 and 4 years later, it was at 1201, meaning that he only generated a 25% increase in price.

You certainly made a statement about Reagan and did not provide proof

You want proof that Reagan inherited inflation from Carter? Or that inflation was ended?

Obama took over on January 2009

The Dow opened at 8279 on the day he took over.

When Reagan took office, the DOW was at 947 and 4 years later, it was at 1201,

Reagan was in office for 8 years, not 4.

 

[Luckyone]

The repeal of Glass-Steagall had little to nothing to do with the mortgage crisis.

Obama signed many landmark bills into law during his first two years in office. The main reforms include: the Affordable Care Act, sometimes referred to as "the ACA" or "Obamacare", the Dodd–Frank Wall Street Reform and Consumer Protection Act, and the Don't Ask, Don't Tell Repeal Act of 2010. The American Recovery and Reinvestment Act and Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act served as economic stimuli amidst the Great Recession. After a lengthy debate over the national debt limit, he signed the Budget Control Act of 2011 and the American Taxpayer Relief Act of 2012.

 

[jc456]

Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act served as economic stimuli amidst the Great Recession.

How did this help banks and what did it have to do with mortgages?

So, you believe that obammy extending the bush tax cuts was the impotence of helping banks?
The years leading up to 2010 were filled with speculation and political debate about whether the Bush tax cuts should be extended,
two-year extension of the Bush tax cuts

And that FICA payroll tax funding of 2% for one year did that as well?

The cut of the FICA payroll tax in the agreement was for one year only at a two percent reduction

Oh, so the only party to actually touch Social Security is demofks with obammy? Hilarious.

 

[Toddsterpatriot]

Obama signed many landmark bills into law during his first two years in office. The main reforms include: the Affordable Care Act, sometimes referred to as "the ACA" or "Obamacare", the Dodd–Frank Wall Street Reform and Consumer Protection Act, and the Don't Ask, Don't Tell Repeal Act of 2010. The American Recovery and Reinvestment Act and Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act served as economic stimuli amidst the Great Recession. After a lengthy debate over the national debt limit, he signed the Budget Control Act of 2011 and the American Taxpayer Relief Act of 2012.

Yes, he passed some bad stuff in his first 2 years. What about it?