Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
5 years ago, we had not entered the largest financial meltdown since the Great Depression thanks to Republican's and their proven failing policies.
6-8 years ago the severe pessimism was seeded by the democrats harping on the "terrible Bush economy" of 5% unemployment in the name of getting themselves elected. It worked, and now we are reaping the rewards. Obviously, policy mistakes have been made for decades, but perception drives the market, and the democrats went all-in on destroying that perception. In fairness, the R's are continuing that lead now that they are trying to get themselves back in control. America needs encouragement. It would go a lot farther to initially fix our mess than any policy.
Home foreclosures increased in my area after the temporary stopgaps were lifted. But as an aside, our microwave burned out ( a GE and only a few years old) so we looked around for a new one. I hadn't realized how much prices went up for them. We ended up buying another brand even though the GE's had pretty good ratings. GE's negative PR influenced that.
6-8 years ago the severe pessimism was seeded by the democrats harping on the "terrible Bush economy" of 5% unemployment in the name of getting themselves elected. It worked, and now we are reaping the rewards. Obviously, policy mistakes have been made for decades, but perception drives the market, and the democrats went all-in on destroying that perception. In fairness, the R's are continuing that lead now that they are trying to get themselves back in control. America needs encouragement. It would go a lot farther to initially fix our mess than any policy.
Yeah, it must have been harsh words that brought down the economy and Lehman Bros. All that deregulation of the financial industry had nothing to do with the economic downturn.
Yeah, it must have been harsh words that brought down the economy and Lehman Bros. All that deregulation of the financial industry had nothing to do with the economic downturn.
The "harsh words" certainly contributed to it in regards to general society. If you establish fear, people will pull back from risk. The government/banks made plenty of mistakes, but I contend that perception is a very important component of keeping a market stabilized.
It's sad how good news about the economy is now viewed negatively by conservatives or it isn't good enough. It's sad that they have put so much stock in the economy getting worse that now they have to spin and wiggle to try and change the narrative. It's just sad.
It's sad how good news about the economy is now viewed negatively by conservatives or it isn't good enough. It's sad that they have put so much stock in the economy getting worse that now they have to spin and wiggle to try and change the narrative. It's just sad.
Fake "growth" like the 4% GDP in the first quarter that was revised down to 1%...
It's all smoke and mirrors and the lower rung isn't benefiting much at all from all this $$$ printing...
Nice spin. If you double a tiny number, it's still a tiny number.
Considering that Bush took off for his Texas ranch and left us with negative GDP, a 2.5% growth is welcome.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Obviously, policy mistakes have been made for decades, but perception drives the market, and the democrats went all-in on destroying that perception. In fairness, the R's are continuing that lead now that they are trying to get themselves back in control. America needs encouragement. It would go a lot farther to initially fix our mess than any policy.
