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.
So many people are working only part time now, or unemployed, due to the continuing Great Obama Recession, which has been exacerbated by Obamacare, that 5 'o' clock comes much earlier, and unfortunately for the worst victims of the presidents disastrous domestic policies, it is 5 'o' clock all the time.
G(H)W Bush and B. Clinton had this country at 100%, back then our pockets were fat and so was everyone's stocks.
But then something happened, GW Bush gave the rich a $2.5 trillion dollar tax cut (and that money went to our deficits and national debt.)
Then Bush attacked Iraq in the name of Sept 11, when Iraq had nothing to do with Sept 11. (and the cost of that war went to our deficits and national debt.)
These federal deficits and lack of US government money then spread to our states (because the federal government had no money to give the states.) This sent shock waves through America and its responsible for much of the mess we are in today.
The wars we are now fighting could end up costing $6 trillion dollars, and the Bush tax cuts and their deficits are happening at this moment.
Fact is GW Bush wrecked this country, and then handed the mess to Obama.
The Democrats who controlled Congress from 2007-2011 caused the recession, and Barack Obama was a Democrat senator and president during that period.
He was also president from 2011-present, during which the Great Obama Recession has continued.
Clearly, economics is not your strong suit. Perhaps you should look up what a recession is.... consider economics 101 while you're at it. This will clear up the incredible inaccuracies in your posts.
The economic consensus is that the recession began in 2007 (although, now some believe it started as early as 2006). It has, without a doubt, ended in 2009. There is no legitimate way to tie it to Obama.
The Democrats who controlled Congress from 2007-2011 caused the recession, and Barack Obama was a Democrat senator and president during that period.
He was also president from 2011-present, during which the Great Obama Recession has continued.
Precisely, how did the Democrats, by virtue of controlling both houses of Congress (with a Republican President and without a veto-proof super-majority) cause the recession?
Precisely, how did the Democrats, by virtue of controlling both houses of Congress (with a Republican President and without a veto-proof super-majority) cause the recession?
Quote:
Originally Posted by chad3
How did the Democrats who controlled Congress from 2007-2011 cause the recession ??
Harrier has written so much about this topic(both here on CD and in papers submitted for credit) that the redundancy required to state the argument again, along with the fact that Harrier needs to arise from sleep in 6 hours to go to work, causes him to post this previously given summation.
Quote:
Originally Posted by Harrier
What has been forgotten is what caused the housing bubble and subsequent meltdown in the first place - which was the aggressive enforcement of the Community Reinvestment Act during the Bill Clinton presidency. Bill Clinton helped cause the recession - and yet he is talking last night during his DNC speech about how to recover from it? Are you kidding?
The CRA forced banks to make risky loans that they normally would not have made. The banks were reassured that Fannie Mae and Freddie Mac would back the loans and in the years and months leading up to the eventual housing market collapse - President Bush warned Congress of the coming danger - yet was rebuffed by the Democratic controlled congress and specifically by Barney Frank and Chris Dodd who together brought us the Frank-Dodd recession.
Bill Clinton started this mess and now he thinks we should listen to him on how to clean it up?
If you want more information on the topic, just DM Harrier, and he will send you a copy of his term paper that presented in detail the roots of the Democrat caused recession of 2008, along with why Occupy Wall Street was 99% wrong.
Harrier has written so much about this topic(both here on CD and in papers submitted for credit) that the redundancy required to state the argument again, along with the fact that Harrier needs to arise from sleep in 6 hours to go to work, causes him to post this previously given summation.
Bill Clinton is not Obama. Bush accelerated the risky loans and bragged about the homeownership rate in his speeches.
How does anything you said support naming the recession after Obama?
Bush accelerated the risky loans and bragged about the homeownership rate in his speeches.
Wrong.
President Bush warned Congress multiple times that the housing bubble would burst, and that entirely Democrat controlled Congress not only ignored the president's warnings, but summarily dismissed his proposals to stave off the crisis, and actively encouraged the CRA implementation.
The blame for the resulting recession falls squarely in the laps of the Democrats in Congress, whom Barack Obama was a member.
Here is more of Harrier's previous expounding upon the Democrat caused recession.
Quote:
Originally Posted by Harrier
I mentioned President Clinton when I cited the CRA. It was his administration that began aggressive enforcement of that terribly misguided law and set people up for foreclosures on homes for which they should never had qualified for mortgages. The resulting bad debt could not be entirely handled by Freddie and Fannie - and President Bush warned Congress about that - but Senators Dodd and Frank refused to allow action which enabled the Dodd-Frank recession to begin, and eventually became the Obama recession when President Obama made things worse by throwing money at the problem, instead of focusing on its roots.
Sure Clinton had a role - but he was an OK president once he started working with the Republicans - and he hasn't been president for nearly 12 years. I prefer to focus on more immediate culprits who are still involved with the machinations of the government.
I could blame President Carter also - because he signed the CRA - but that wouldn't exactly be fair.
President Bush warned Congress multiple times that the housing bubble would burst, and that entirely Democrat controlled Congress not only ignored the president's warnings, but summarily dismissed his proposals to stave off the crisis, and actively encouraged the CRA implementation.
The blame for the resulting recession falls squarely in the laps of the Democrats in Congress, whom Barack Obama was a member.
Here is more of Harrier's previous expounding upon the Democrat caused recession.
Actually, it's correct. Bush pushed Freddie and Fannie to increase the number of affordable home purchases.
Let's not forget that Bush wanted to increase home ownership and he pushed for risky loans as a means to do so. He ran under the "ownership society" slogan in 2004.
"We're creating... an ownership society in this country, where more Americans than ever will be able to open up their door where they live and say, welcome to my house, welcome to my piece of property." - President George W. Bush
"...if you own something, you have a vital stake in the future of our country. The more ownership there is in America, the more vitality there is in America, and the more people have a vital stake in the future of this country." - President George W. Bush
To blame democrats for this solely, would be absurd. To blame Obama for this solely (your actual stance) is even more absurd and questions whether you know anything about what's going on.
You've already shown that you don't understand economics, but what's more concerning is how oblivious you are to your own nations government's actions. Why do you make stuff up?
Calling it "Great Obama Recession" is flat out wrong.
Also, you're defending yourself by quoting Harrier -- someone who has already thrown away all credibility in this thread by saying things like "The recession began in 2008 and has not ended." and it's "Great Obama Recession" because "Barack Obama was a Democrat senator". Look at Harriers posts. Quoting him only weakens your argument.
Harrier has written so much about this topic(both here on CD and in papers submitted for credit) that the redundancy required to state the argument again, along with the fact that Harrier needs to arise from sleep in 6 hours to go to work, causes him to post this previously given summation.
If you want more information on the topic, just DM Harrier, and he will send you a copy of his term paper that presented in detail the roots of the Democrat caused recession of 2008, along with why Occupy Wall Street was 99% wrong.
I think perhaps you need some sleep.
Instead of using the word "I" or "I've" to describe yourself in the sentences your writing, you are using the word "Harrier" instead. I do similar things when I am tired.
Thank you for taking the time to answer my question,
Chad.
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.
