At what point?

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77matcat
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Re: At what point?

Post by 77matcat » Thu Jun 25, 2020 7:21 am

Deregulation of Credit Default Swaps in or about 2000 and poor work by Moody’s Standard and Poor and Fitch caused collapse of financial Mkts at the end of Bushes presidency.

CEO of BoA testified he had no idea how a CDS worked but all the other banks were buying so his bank was going to buy too.



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The Butcher
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Re: At what point?

Post by The Butcher » Thu Jun 25, 2020 7:29 am

wbtfg wrote:
Wed Jun 24, 2020 10:02 pm
codecat wrote:
Wed Jun 24, 2020 9:53 pm


Fun charts for sure, but you forget that the economy tanked under Obama in 2008 because of his policies, namely forcing financial institutions to finance homes for people that would not qualify for that particular mortgage. It really takes a rocket scientist to figure that one out - duh! Isn't he the one that said that American will never have a great economy again and that we ought to get used to it?
Sir, I’m no rocket scientist, but Obama wasn’t President in 2008.
:lol: :lol: :lol:
Facts are for the left. Blaming everything on Obama is for the right!



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codecat
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Re: At what point?

Post by codecat » Thu Jun 25, 2020 10:47 am

wbtfg wrote:
Wed Jun 24, 2020 10:02 pm
codecat wrote:
Wed Jun 24, 2020 9:53 pm


Fun charts for sure, but you forget that the economy tanked under Obama in 2008 because of his policies, namely forcing financial institutions to finance homes for people that would not qualify for that particular mortgage. It really takes a rocket scientist to figure that one out - duh! Isn't he the one that said that American will never have a great economy again and that we ought to get used to it?
Sir, I’m no rocket scientist, but Obama wasn’t President in 2008.
You are absolutely correct Sir - i was wrong as it tanked in September of 2008. What I was trying to get at is simply that the policies when they controlled both the House and Senate caused the economy to tank, so it was a ready made setup for Obama to do nothing and claim this magnificent come back. But it really wasn't much of a come back at all as evidenced by Obama's attitude toward a Free Market economy such as ours (highlighted below). Actually all we have to do is look at some of his "Trade Deals" (spun of course as 'free trade'), to know he did a great deal on purpose possible to reduce the stature of our country.

Sorry Obama, But It's Trump's Economic Boom, Not Yours
Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.
https://www.investors.com/politics/edit ... g-economy/


Socialism - the financial model historically used to control the masses! It has noting to do with
freedom, and seriously erodes the primary constitutional freedom of free enterprise.

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The Butcher
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Re: At what point?

Post by The Butcher » Thu Jun 25, 2020 11:27 am

Trump promised 4%, 5% or even 6% growth rate. He hasn't hit 3% and the best he had was 2.9% the same as Obama. Trump did not live up to his promise, like so many times before.

https://www.statista.com/statistics/188 ... ince-1990/



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