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Well, to be quite honest, nothing has really changed for me under the Obama administration . . . Yet.
Since the 2005 real estate bubble, all of my properties have increased in value. My investments have all made nice gains. Especially, since September of 2012, I have realized 2x digit gains.
I don't agree with all of Obama's actions. However, this retired (2011) conservative appreciates the effort.
You are the exception to the rule. While most people were losing their homes, you were buying them. You're Mr. Potter
The one good thing is the refi program for underwater homes. Even that took several years to actually happen. Banks have been given trillions, and they're finally starting to lend again. Once the injections stop, or the dollar crashes, RE will be hammered again.
This is how artificial bubbles work. The market will be the first to pop, and then RE.
He inherited a mess, that landed on Bush, but was ultimately Clinton's fault. If you really want to stick to the facts, the repeal of the Glass-Steagall Act, allowing banks to gamble leveraged money. Then there is the "every American no matter how poor should own a home" mentality of the FMAE bureaucracy, and defended by the DNC in lockstep, which banks then used as an excuse for predatory lending. They repackaged those bogus loans as AAA rated investment instruments and sold them around the world. All of this started during Clinton's reign as well, and didn't come home to roost until the last 18 months of GWB's admin.
So, as has been the modus, GWB is gets blamed for what Clinton set into motion, and gets blamed for Obama's inability to pull it out.
There is no fact that would change your mind. So I'll just leave it at that.
So this begs the question. Why couldn't/didn't Bush fix all this stuff when he was in office?
The deficits are smaller due to Obama's Trickle Down QE policies that have artificially held down the interest rates. If we were to have interest rates return to recent norms, the national deficit would balloon back to $1 Trillion a year.
You have to admit that it is funny that Obama publicly says Trickle Down policies don't work while his sheep applaud - while simultaneously supporting the largest trickle down policy in US history. Obama has done more trickle down than Reagan.
He inherited a mess, that landed on Bush, but was ultimately Clinton's fault. If you really want to stick to the facts, the repeal of the Glass-Steagall Act, allowing banks to gamble leveraged money. Then there is the "every American no matter how poor should own a home" mentality of the FMAE bureaucracy, and defended by the DNC in lockstep, which banks then used as an excuse for predatory lending. They repackaged those bogus loans as AAA rated investment instruments and sold them around the world. All of this started during Clinton's reign as well, and didn't come home to roost until the last 18 months of GWB's admin.
So, as has been the modus, GWB is gets blamed for what Clinton set into motion, and gets blamed for Obama's inability to pull it out.
There is no fact that would change your mind. So I'll just leave it at that.
Obama himself claimed that the biggest cause of the current mess was the bipartisan deregulation that Clinton asked for and was "proud to sign into law."
I do think Bush was a poor president, but Clinton left an absolute mess for Bush.
-No surplus, just a surplus projection, but in reality a deficit - Clinton's last years were deficits.
-China in the WTO, increasing outsourcing and trade deficits.
-Deregulation.
-Housing Bubble.
-NASDAQ collapse.
-Declining industrial investment.
-A recession officially starting just 6 weeks into Bush's term.
Ok ever since Obama got elected he's been accused of being weak and he made things worse etc etc.
How has Obama made things worse? Look at the economy he inherited. Had he made the economy worse wouldn't we be in another Great Depression? That didn't happen.
As for Obama being weak on foreign policy. Again he inherited two long wars with Iraq and Afghanistan. These two wars have been long and they have left Americans not in no hurry to go into any other country using military force. This has left Obama with fewer options for dealing with the Assads,Putins and North Korea's dictator and these dictators know this. So many keep saying Obama is looking "weak" but these same folks know he only has a few options for dealing with these dictators when they act up.
So Obama critics need to acknowledge that we aren't in a Great Depression and that Obama's handling of Assad and Putin has been limited by our two current wars.
Let's just take a quick look-see at the RWNJ view of the president.
a) he's weak and unprepared while being a dictatorial tyrant who tramples the constitution to get his way
b) he's a secret muslim and terrorist symp who killed bin Laden and snuffs Al Qaeda leaders with drone strikes at an alarming rate
c) the only reason he got into Columbia and Harvard was affirmative action, even though he graduated with honors
Didn't I read somewhere recently that nutjobs are incapable of self-analysis and unable to recognize cognitive dissonance?
Ok ever since Obama got elected he's been accused of being weak and he made things worse etc etc.
How has Obama made things worse? Look at the economy he inherited. Had he made the economy worse wouldn't we be in another Great Depression? That didn't happen.
As for Obama being weak on foreign policy. Again he inherited two long wars with Iraq and Afghanistan. These two wars have been long and they have left Americans not in no hurry to go into any other country using military force. This has left Obama with fewer options for dealing with the Assads,Putins and North Korea's dictator and these dictators know this. So many keep saying Obama is looking "weak" but these same folks know he only has a few options for dealing with these dictators when they act up.
So Obama critics need to acknowledge that we aren't in a Great Depression and that Obama's handling of Assad and Putin has been limited by our two current wars.
Guess you must have conveniently forgotten that he greatly increased the national debt. He threw away a trillion dollars to help the economy which still barely has a pulse.
One of the most dividing Democratic presidents ever. His my way or the highway style politics has led to our government being shutdown and gridlock.
We lost our AAA credit rating for the first time.
His administration has been involved in so many scandals, most likely more than any other administration.
Millions of people have lost good health insurance plans because of Obamacare.
But I'll be nice and leave it at that and not get into his weak foreign policy record.
Obama himself claimed that the biggest cause of the current mess was the bipartisan deregulation that Clinton asked for and was "proud to sign into law."
I do think Bush was a poor president, but Clinton left an absolute mess for Bush.
-No surplus, just a surplus projection, but in reality a deficit - Clinton's last years were deficits.
-China in the WTO, increasing outsourcing and trade deficits.
-Deregulation.
-Housing Bubble.
-NASDAQ collapse.
-Declining industrial investment.
-A recession officially starting just 6 weeks into Bush's term.
And yet many ignorant people believe Clinton paid off the national debt. lol
You have to admit that it is funny that Obama publicly says Trickle Down policies don't work while his sheep applaud - while simultaneously supporting the largest trickle down policy in US history.
Wonder why Obama's sheeple haven't caught on, yet.
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