.........and before anyone brings up the deficit under Obama, it's now $500 billion from the $1.4 Trillion Bush handed him. Bush doubled the debt from $5T to $10T, Obama doubled it from $10T to 20T. The drunken sailors under a Trump administration will increase deficits and our current debt of $10T will soar into the stratosphere, probably quadruple. America must be made "GREAT" again at all costs! Also as businesses are unshackled from regulatory oversight the rich get richer and deficits sky rocket, which is what all those mostly poor, "uneducated", rural voters, who ticked the ballot box for Trump have wanted ALL along. The national economy piloted by Trump will mirror the Brownback/Kansas State model which has done gangbusters in recent years...NOT!
http://www.cnbc.com/2016/11/30/obamas-biggest-parting-gift-to-trump-may-be-the-economy.html-- Modified on 12/1/2016 7:53:57 AM
BTW, it takes 4 to 8 years to feel the effects of any administration policy.
http://www.cnbc.com/2016/11/30/obamas-biggest-parting-gift-to-trump-may-be-the-economy.html
Clinton handed GWB an economy in good shape & latter ran it into the ground.. The same thing will happen with Trump.
"Those who forget the past are forever condemned to repeat it"--------------------- Santayana.
and burst it did.
Obama's main gains in the economy and unemployment were devising new methods of accounting that made it "appear" the economy was growing. Real growth has been anemic.
It currently stands at 4.9%
GaG, didn't you vote for GWB twice ?
Dude, don't let facts get in the way of your argument--------LOL .
Obama's main gains in the economy and unemployment were devising new methods of accounting that made it "appear" the economy was growing. Real growth has been anemic.
I clearly said, Obama biggest gains were in "devising new methods of accounting" and that includes new ways of counting unemployment numbers making sure to exclude the underemployed and all those that have simply given up looking for a job.
I voted AGAINST both Al Gore and John Kerry, this is true and I would do it again.
That said, entertain this thought : Trump, when it comes to "unregulated predatory capitalism", is GWB on steroids. GWB had a bubble economy that resulted in the worst recession since the great depression. If Trump repeats this on a massive scale, doesn't the possibility of a depression loom ? Can you entertain that thought, or any thought for that matter ?----------LOL.
Lastly, I see the market is way up, partly due to higher oil prices, which would benefit your ass, although not so great for the rest of us. I will cut you some reluctant slack & say that at least your support of Trump is based in your own economic self interest, unlike the vast majority of partisan righties in here, whose IQ's range in the single digits. Then again, with the exception of me & a tiny amount of others, not so hot on my side either.
I voted AGAINST both Al Gore and John Kerry, this is true and I would do it again.
Oil prices spiked YESTERDAY, they had been way down in the mid forties until the OPEC deal was announced, The market has been way up, completely decoupled from oil prices ever since the election. Your premise that the market is way up "partly due to higher oil prices" just shows you don't really follow or understand the market.
GWB inherited a bubble and tried to "kick the can down the road" He didn't create it, but he did NOTHING to try to fix it either. Obama had the good/bad fortune that the bubble burst when it did or it most definitely would have burst under his watch as Obama would have been one of the leading supporters of the sub prime mortgages that were something right up his alley as they allowed poor people, especially poor people of color to qualify for mortgages they obviously couldn't repay. Anyone who believes Obama would have tried to reverse that policy is delusional.
The housing bubble wasn't created by deregulation although allowing bank to trade derivatives was most definitely a contributing factor, but not the root cause. The root cause was government meddling with private enterprise and forcing banks to make loans that for decades they had considered too risky.
That said, you see no potential economic pitfalls/dangers under Trump ? I will say one thing, perhaps will expound on it later; those millions of rust belt manufacturing jobs that have been gone for many years will never come back , despite the bullshit that Trump is peddling.
GWB inherited a bubble and tried to "kick the can down the road" He didn't create it, but he did NOTHING to try to fix it either. Obama had the good/bad fortune that the bubble burst when it did or it most definitely would have burst under his watch as Obama would have been one of the leading supporters of the sub prime mortgages that were something right up his alley as they allowed poor people, especially poor people of color to qualify for mortgages they obviously couldn't repay. Anyone who believes Obama would have tried to reverse that policy is delusional.
The housing bubble wasn't created by deregulation although allowing bank to trade derivatives was most definitely a contributing factor, but not the root cause. The root cause was government meddling with private enterprise and forcing banks to make loans that for decades they had considered too risky.
But your earlier post is still almost funny in its dumbness.
How long have you been here? You know unless you dumb things down to the third grade level on any matters regarding money, the economy, or any one of a hundred other topics, 99% of what you say will simply fly over everyone's head.
How can you expect people who have never even owned a stock to understand the intricacies of the market? It's like trying to discuss quantum physics with FatVern when even going through the multiplication tables are too complex for him.
You, cheesy, slobbering all over yourself with self praise.
You can use the crying towel to clean up the slobber or just get in touch with fg I’m sure he will give you a baby wipe he uses to clean up.
You pretending to be educated and your failed quest to make everyone think you are intellectually superior is always good for a few laughs.
You’re Welcome
In Welchers We Distrus
His latest obsession is people's education levels. lol
Like the "real smart" people like BHO are doing such a great job.
And libs wonder why the blue collar types smacked their ass this election?
Look no further than Cheesy or Hills view of those people
He was like that back when he posted under another name, then he was shit canned from here for 3 1/2 years.
I suspect he is trying to cover up the fact that he never got past the 8th grade
I haven't done so, but I bet if you type in the keywords "crazed loons" you'd come up with a hundred or most posts under his old handle.
and I am sure the 8th grade was the best 4 years of his life.
I'll be happy to supply the proof, if necessary--------
Oh, this is too rich------what a bunch of morons----------LMFAO !
and I am sure the 8th grade was the best 4 years of his life.
Yes, you are most certainly losing it. Not that you ever had it of course.
prove it ............If you can
In Welchers We Distrust
I wonder if he will get himself banned for another 3 1/2 years.
For the record, I have never said anything behind FM's back that I wouldn't say to his face. Some of aren't cowardly backstabbers in that regard. Now on the other hand if I didn't have respect for TER rules, the amount of stuff I could reveal about Cheesy could fill a book. But I take pains to follow the rules around here.
Don't you want to make him happy? LOL
That would make me very sad bc then we wouldn't have a piñata to slam on a daily basis so, PLEASE CHEESY, do NOT out GaG's private convos.
Unless you feel the need to unburden yourself. LOL
His recent posts make him sound a bit unstable here lately, now sounding all butt hurt about his "masculinity issues" or whatever the fuck he is babbling about with BB and all worked up over peeps using aliases here, as if anyone gives a rats ass about that either. LOL
So glad he is MUCH more educated than the rest of us. Can you imagine how unhinged he would be if he wasn't? LOL
BTW, if you'd like, forward me your E-mail addy & I'll gladly send you correspondence from GaG referring to you as an "idiot"-------------LOL !
You can use the crying towel to clean up the slobber or just get in touch with fg I’m sure he will give you a baby wipe he uses to clean up.
You pretending to be educated and your failed quest to make everyone think you are intellectually superior is always good for a few laughs.
You’re Welcome
In Welchers We Distrust
It is something you have not accomplished and never will.
As for someone, anyone referring to me as and idiot or whatever, do you really think I give a fuck, If you do (and since you posted it you apparently do) the you are dumber than I thought, which is really fucking dumb to begin with.
BTW why don't you forward me your email addy if you are so interested in being a sissy-as little douche bag squealer
You're Welcome
In Welchers We Distrust
Also refer to himself as being "and idiot."
At Idiots We Laugh
Now you are in cheesy's class pointing out a typo and making a big deal about it.
Congratulations jack-off-jake you are now just like cheesy who is under the covers with brokebackstabber now you are with them .......must be one hell of a threesome...........not that there is anything wrong with that.
You can spare us the details
You're Welcom
Also, please try not to make your fascination with homosexuality so obvious.
A certain provider with "a surprise" says you love taking pipe yourself. But, please, count me out.
2017=No Super Bowl for the NY Midgets
You're welcome.
explain this one: Clinton left office at the end of 2000. The "bubble" didn't burst until 2008. That's a loooooong time to lay it at his door.
The fact is, it WAS partly Bill's fault in terms of the housing bubble but the crash of 2008 was a classic example of a disaster that had many fathers in both parties. You are over-simplifying a VERY complex situation.
What a shock!
The dotcom bubble burst in early 2000 Jake, long before Bush stepped into office.
The economy officially went into recession in March of 2001, which was some 5 weeks or so after Bush was inaugurated making it impossible for the recession to be his fault.
Btw, do you share the covers with BP when you nap? LOL
Bill Clinton had no real part in creating the dotcom bubble. It happened under his watch, but no one could possibly both blame Bill Clinton for the dotcom bubble and claim to be even the least objective at the same time.
Jake is correct about the housing bubble and in a later post, a post I made well before this post of Jake's I also stated that George Bush, while not creating the bubble, did everything in his power, not to fix the problem, but to kick the can down the road hoping beyond hope it would burst under someone else's watch.
I have plenty to disagree with Jake about, but he's not wrong 100% of the time, and he is not wrong here.
Lastly, while I blame Bill Clinton for being an integral part of creating the housing bubble, I give him props for how he handled the dot com boom. I really don't see how a POTUS could have done anything much differently that would have prevented the boom/bust of a brand new era of technology. Government meddling would not have stopped anything and most likely would have simply stifled the growth of technology which impacts everyone of us everyday in some very positive ways. If we had done the same thing in regards to the housing bubble, we would have had a small recession much earlier and that would have been the end of it, but the bubble lasted through 8 years of Clinton and another 7 under Bush and there is no "soft landing" from a bubble that has been allowed to inflate for 15 years.
I would say you're a gentleman for you post but that would be a lie. You are, however, quite correct.
Jack needs to be more careful or JDU will lose its accreditation.
LULZ
and even you don't go THAT low with the insults.
but in defense of my oversimplifications, would you care to explain to the peanut gallery exactly how a "derivative" works? I can barely dumb down how a straddle trade works down to a level that even 5% of the posters here will understand. Just how the fuck are we supposed to talk about complicated issues with morons without dumbing it WAY down? At least in Cheesy's rather weak defense, he will admit he knows nothing about how the markets work, others here claim to be quite knowledgeable, but once they type their first two sentences they prove they don't have a clue.
You showed class not ripping me Jake. Please stop that in the future. lo
Just go back to spooning with Sasha.
I voted for Drumpf and she didn't like that. lol
So in the six years that W had in office, he didn't see what was about to happen and maybe react or pumped the brakes on it? I know the policies of the Clinton administration set this up but but did W totally mismanage it?
I believe he must have at least partly seen it coming and rather than try to fix it, he tried to "kick the can down the road" and hope the bubble would burst on someone else's watch
See what happens when you act all reasonable and concede a point? I am more than willing to do the same.
Now if you would like to take this one step further, do you really believe that if by some miracle George Bush would have kept the bubble from bursting for another year or so that Obama would have done what he could have to fix things, or do you think he would have done the same as both Bush and Clinton before him?
Clinton handed Bush a recession.
I'll accept your ignorance, if that is what it is, but not your lies.
So, are you forgetting the past, or lying about it?
Just another immature GOP partisan, too bad, thought otherwise.
GaG is operating out of his own economic self interest, I can understand that, as to you------pitiful.
As to your "anger management" issues that I see here, get help ASAP.
I'll accept your ignorance, if that is what it is, but not your lies.
So, are you forgetting the past, or lying about it?
So no shock there.
Nice white flag too.
I thought you would have argued the point.
Maybe you are changing? LOL
You must be exhausted with such deep thoughts.
Move Jake over, be careful not to wake him, and enjoy your nap. 
While Jacks posts certainly present themselves with an over the top pomposity at times, I don't find the majority of his writings to be partisan, per se. He seems to be quite willing to attack his side on more frequent occasions than most. I probably agree with Jack less than 25% of the time, but I do learn from him now and then and he is one of the few board Conservatives here that get my attention and respect, if not my agreement. I also must admit he makes me laugh on more occasions then I would generally be willing to admit, so there is an entertainment side of his musings as well.
I'll cut GaG some slack for posting about his Trump support for his economic self interest, seems credible enough-----as to "other parties", when they have "masculinity issues" & post under aliases, then my bullshit detector goes off. I could be wrong, but don't think so.
BB, anyone on a fuck board can claim to be a "millionaire businessman", capiche ?
How did you get to "masculinity issues" and "post under aliases?" I am not sure who, or what, you are talking about. Furthermore, what do either of those have to do with the pertinent and germane topic at hand? Thank you for replying.
Plenty of factors that affect the economy, such as budget authorized by Congress, Feds Chief on monetary policy, World Banks, foreign currency manipulation, BRIC & PIIGS economies, BRExit etc.
but sometimes the POTUS does create a business environment that most definitely affects both Wall st and Main st.
Some examples are Bill Clinton getting way too much of the credit for both the last balanced budget and the economic boom under his watch. and this is coming from a guy who actually voted FOR Clinton and I don't regret it for a moment. That said, the balanced budget was forced on him by the GOP Congress and his major role in the dotcom boom was staying out of the way by and large, but I do give him props for staying out of the way and letting it happen.
OTOH George HW Bush was blamed for a rather mild recession that has Alan Greenspan's fingerprints all over it, not his own. Deserved or not, between the recession and Ross Perot splitting the GOP vote, it cost him reelection.
Quite frankly a LOT of things Obama takes credit for happened "in spite" of him, not "because" of him. Lets take cheap oil as an example, I should thank him for this but prices would have fallen even further and American production would be higher by at least 2-3 MM BOPD if Obama hadn't kept Oil companies from drilling on federal land. Or how about Gay marriage? Obama was against it right up until it was obvious that is what the people wanted and then somehow he managed to get the stupid people to allow him to take credit for it.
As that was before Trump even announced his candidacy.
The deficit shrunk primarily due to sequester and stimulus money eventually drying up. Proof of that is, again, CBO's forecast of horrifically high deficit numbers announced under Barry's presidency for the future.
And I can tell you you have never run a business as many businesses, especially smaller ones like mine, would be excited about being "unshackled from regulatory oversight."
It is the number one issue small businesses name as a hamper to their bottom line and read that as a hindrance to taking on more workers Salty.