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Old Yesterday, 09:59 PM
 
Location: The middle of nowhere
9,304 posts, read 4,231,754 times
Reputation: 7868

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Quote:
Originally Posted by Eli34 View Post
Yea, I remember the same talk about a fantastic economy until the stock market tanked in 2007. People never learn.
Yeah late 2006 into 2007 there was a lot of talk about how great the economy was. Then, during the last quarter of 2007 it turned with a vengeance. I'd say right now feels a lot like summer 2007. The recession hadn't quite hit yet but there was mounting storm clouds.

https://www.npr.org/templates/story/...oryId=17716248

This one, unlike last time, is self-inflicted and it's 100% the fault of Donald Trump.
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Old Yesterday, 10:05 PM
 
19,155 posts, read 7,475,113 times
Reputation: 8289
It will be interesting to see if Dems get mainstream again by 2024, after losing 2 straight POTUS contests.
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Old Yesterday, 10:07 PM
 
Location: The middle of nowhere
9,304 posts, read 4,231,754 times
Reputation: 7868
Quote:
Originally Posted by BobNJ1960 View Post
It will be interesting to see if Dems get mainstream again by 2024, after losing 2 straight POTUS contests.
We'll see if anger about gay rights and the moral decay of society outweighs the recession when people go to vote.
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Old Yesterday, 10:07 PM
 
5,754 posts, read 1,548,644 times
Reputation: 3547
Blacks need to sue the Democrat Party for damages from slavery and Jim Crow. It would doubly save us from those people.
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Old Yesterday, 10:10 PM
 
19,155 posts, read 7,475,113 times
Reputation: 8289
Quote:
Originally Posted by bawac34618 View Post
We'll see if anger about gay rights and the moral decay of society outweighs the recession when people go to vote.
Not blindly loving NAFTA and similar deals, plus stopping illegal aliens are the key, just as in 2016.
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Old Yesterday, 10:16 PM
 
Location: Phoenix, AZ
12,852 posts, read 8,862,126 times
Reputation: 6548
Quote:
Originally Posted by evilnewbie View Post
There hasn't been a recession for a record amount of time.... Now the OP wants the liberals to abuse the knowledge that it will eventually happen as if they even knew the reason for it... Complete horsecrap... But then that is typical of liberals to deceive people...
Right.

why would that liberal troll Bill Mahr pray for a recession just to make Trump look bad, if these dopey libs think we are in so dire straits already?
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Old Yesterday, 10:17 PM
 
Location: Unperson Everyman Land
30,596 posts, read 20,218,182 times
Reputation: 8450
Quote:
Originally Posted by James Bond 007 View Post
In December 2000, the unemployment rate was just 3.9%, the lowest in 30 years.

Just 3 months later, in March 2001, a recession began.

In December 1965, unemployment dropped to 4% and would stay at or below that level until February 1970.

Since we are less than two years into the Trump era of low unemployment, I would advise you to relax...get comfortable.

We have a long way to go before a ****ty economy will be along to rescue the Democratic Party from it's long overdue demise as a relevant political force in American politics.
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Old Yesterday, 10:35 PM
 
Location: Unperson Everyman Land
30,596 posts, read 20,218,182 times
Reputation: 8450
Quote:
Originally Posted by bawac34618 View Post
Yeah late 2006 into 2007 there was a lot of talk about how great the economy was. Then, during the last quarter of 2007 it turned with a vengeance. I'd say right now feels a lot like summer 2007. The recession hadn't quite hit yet but there was mounting storm clouds.

https://www.npr.org/templates/story/...oryId=17716248

This one, unlike last time, is self-inflicted and it's 100% the fault of Donald Trump.

Sure, because over-the-counter derivatives were never allowed to become a gigantic unregulated financial house of cards supported largely by adjustable rate mortgages and liar loans.


The OTC derivatives market expanded greatly after the bill was enacted, as detailed in the Financial Crisis Inquiry Commission report. “At year-end 2000, when the [Commodity Futures Modernization Act] was passed, the notional amount of OTC derivatives outstanding globally was $95.2 trillion,” the report said. “In the seven and a half years from then until June 2008, when the market peaked, outstanding OTC derivatives increased more than sevenfold to a notional amount of $672.6 trillion.”

https://www.pogo.org/investigation/2...e-derivatives/


https://www.youtube.com/watch?v=deoLzHJ8JgU


FTR, there is no "this one."
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Old Yesterday, 10:42 PM
 
Location: East Tennessee and Atlanta
3,806 posts, read 8,833,187 times
Reputation: 2621
The only way Democrats can win with a Biden/(Harris??/Klobuchar??) ticket is for the economy to start to crash, sputter and burn in 2020.

The reason Democrats have not spoken about the economy is because it is so damn good right now. To talk economy, would be to speak to Trump's success.

The economy is so good now that it is definitely a "talent/employee" market for sure. I hope it stays this way for a long time. If Trump is the one to claim it, so be it.
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Old Yesterday, 10:50 PM
 
Location: Scottsdale, AZ
14,941 posts, read 12,386,360 times
Reputation: 26546
Democrats are going to improve the economy by offering “free stuff” (especially to illegal aliens) paid by the middle class via overtaxation.

Great economic plan everyone can benefit from Lol haha
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