Quote:
Originally Posted by Mtnluver8956
What have the democrats done to hurt the economy? Last time I checked record low unemployment and fast recovery under Obama. Also incomes went up under Obama.
|
the democrats gave us the economic crash
globalist liberal policies going back to the early 90's are what caused the recession
the 'great recession' was due to liberal policies of offshoring jobs and easymoney housing
let this INFORM you, these problems stem from: 1993, 1995, and 1999 and you can thank the liberals for it, and most of it goes back to the clinton era. why because ECONOMICS run in 10(+/-4) year CYCLES and what we are facing NOW is in DIRECT RELATION to what happened back in the 90's
1993 OUTSOURCING through NAFTA(and the other 2 dozen 'freetrade agreements)----------------originally pushed by Brzezinski and his liberal puppet carter,,moved along by Reagan's VP bush1----negotiated by another Brzezinski puppet bush1--- passed in 1993 by the democrat controlled congress, pushed by clinton, signed by clinton-inceased with CAFTA by bush2--the consequence ...... 60+ million HIGH PAYING jobs have been lost, 2 trillion worth of debt from the lost wages.(and Obama ahs increased it too, not only as Senator Obama with OFTA, but also as potus Obama..............hmmm)
1995 clinton (through his chief of HUD (Henry Cisneros and later his second chief andrew coumo)) eased the rules on obtaining mortgages allowing more 'exotic' mortgages and 'no-doc/low doc' mortgages---------------------------the consequence ......housing SKYROCKETED causing low inventories causing a 'not normal' increase in home prices, sellers got greedy, buyers got even greedier (looking to PROFIT in a skyrocketing market by flipping) and bought THINKING that prices would still increase and their ADJUSTABLE mortgage would pay it self off in MINIMUMAL years...EVEN THOUGH THESE INCREASES IN HOME VALUES WERE TOTALLY UNHEARD OF, AND MORTGAGE RATES WERE AT 40 YEAR LOWS( what did they think an adjustable mortgage gotten at 40 year lows would do in the term(3 months-3years) when it adjusted...of course it would go up, their CONTRACT even said after the term it would be 6% PLUS PRIME)))
For many potential homebuyers, the lack of cash available to accumulate the required downpayment and closing costs is the major impediment to purchasing a home. Other households do not have sufficient available income to to make the monthly payments on mortgages financed at market interest rates for standard loan terms. Financing strategies, fueled by the creativity and resources of the private and public sectors, should address both of these financial barriers to homeownership."
The above is the start of the mortgage meltdown: Clinton's National Homeownership Strategy
those are the two biggest causes of the great recession
then add these to the perfect storm:
1996 clinton signed The Telecommunications Act of 1996 (The Act was claimed to foster competition. Instead, it allowed industry consolidation whose actions reduced the number of major media companies from around 30 in 1993 to 10 in 1996, and reducing the 10 in 1996 to 6 in 2005.) causing MONOPOLIES, which can RAISE PRICES
2000 clinton signs the China trade bill
2000 clinton signs the Commodity Futures Modernization Act of 2000.
2000/1 clinton pushes to get china into the world bank
2002 bush and medicare part d...., bush giving the liberals more big government
2002-present.... the wars in the middleeast
2003/4/5 republicans try to reign in fanny and freddie...the liberal opposition leaders (barney frank and cris Dodd) say "there is nothing wrong with fanny/Freddie...its a witch hunt"........
2007 liberals raise the min wage...adding to the perfect storm..the final straw of the perfect liberal storm
BTW... I included bush's(who was quite liberal too) screw-ups too...
BTW the 'recession ended in june/july of 09...before ANY of obozo's policies could come into effect....
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.
