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Indeed. Millions lost their homes and millions more middle class jobs went up in smoke.
Thankfully we have the Trump economy now where much of that carnage has been reversed.
Did you miss the last 8 years where most of that "carnage" was reversed?
Your train of thought reminds me of the movie "Dragonslayer" - the wizard and his apprentice kill the dragon, and then the feeble king runs is sward into the destroyed carcass and claims he killed the dragon.
Job creation was higher in the last 14 months of Obama's last term than the 14 months since Trump was elected.
Markets have been up for years.
Unemployment has been dropping for years.
Trump's success has been on top of someone else's success before him.
Economic crisis is stopped in early Obama years, Fed plays a key role - no credit.
Economy grows under Obama for seven years - no credit.
Stock Market grows under Obama for seven years - no credit.
Unemployment falls under Obama for seven years - no credit.
Trump takes over the Obama trends and suddenly the next day - HEY, LOOK AT THE MIRACULOUS TRUMP RECOVERY!
You conservatives are such blatant liars and hypocrites. I assume you look at yourselves in the mirror and have that moment where you know what dishonest cheats you are, but still don't care.
Meanwhile Alan Greenspan hasn't stopped trying to convince anyone who will listen/believe that polices under his Federal Reserve chairmanship didn't aide and or abet the horrors which were to come.
Economic crisis is stopped in early Obama years, Fed plays a key role - no credit.
credit for what? keeping interest rates lower than they should have been?
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Economy grows under Obama for seven years - no credit.
yes it dod grow under obama, at a lethargic rate of just over 1%. wow real barn burner there.
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Stock Market grows under Obama for seven years - no credit.
sure, after a few rounds of quantitative easing where the fed is funneling money into the markets, propping them up like mad.
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Unemployment falls under Obama for seven years - no credit.
ok i will give you that one.
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Trump takes over the Obama trends and suddenly the next day - HEY, LOOK AT THE MIRACULOUS TRUMP RECOVERY!
well the stock markets DID jump right after the election. and starting in january, after the inauguration, trump started reducing regulations and giving businesses a chance to operate more efficiently. i will also note that after trump started cutting regulations, the economy started growing at a higher rate than under obama, at 3% in fact. the first month might be credited to obama, but after that its trumps economy.
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You conservatives are such blatant liars and hypocrites. I assume you look at yourselves in the mirror and have that moment where you know what dishonest cheats you are, but still don't care.
you liberals are hypocrites as well. especially when you fail to look at the real facts here.
credit for what? keeping interest rates lower than they should have been?
yes it dod grow under obama, at a lethargic rate of just over 1%. wow real barn burner there.
sure, after a few rounds of quantitative easing where the fed is funneling money into the markets, propping them up like mad.
ok i will give you that one.
well the stock markets DID jump right after the election. and starting in january, after the inauguration, trump started reducing regulations and giving businesses a chance to operate more efficiently. i will also note that after trump started cutting regulations, the economy started growing at a higher rate than under obama, at 3% in fact. the first month might be credited to obama, but after that its trumps economy.
you liberals are hypocrites as well. especially when you fail to look at the real facts here.
Okay. Explain the magic lever that Trump pulled that suddenly makes the economy so great. In your dissertation please include all relevant statistics on both Trumps singular year and Obama's 8 years. Also cite any government action that was in accordance with any reputable economic strategies.
Retirees can now enjoy a larger deduction , plus when Trump got in office, Yellin raised the interest rates so the retired people can get some interest on their money safely.
Trump is getting things done and many people can get more money with interest rates going up. Obama did not give a damn about old retired people.
Bernanke absolutely deserves credit for pushing the price of gold up to $1900 years ago by devaluing the dollar so much and they are generally inversely correlated.
His policies at the Federal Reserve directly caused the sub-prime meltdown.
It was the policies of Greenspan, George Bush and GOP Congress which caused the meltdown. When Bernake was nominated in 2006, he MIGHT have been able to lessen SOME of the upcoming damage, but I doubt much could have been done. In 2006 the situation was pretty much a Stage-4 cancer, which is almost always fatal.
Since it is the Feds job to regulate the economy, and they failed at it 100%, Greenspan played a big part. He should have put a stop the recklessness in DC in 2004 at the very latest. However, it was election year, and instead of cooling things down, he threw more fuel in the fire with hopes of helping "W" get re-elected.
Retirees can now enjoy a larger deduction , plus when Trump got in office, Yellin raised the interest rates so the retired people can get some interest on their money safely.
Trump is getting things done and many people can get more money with interest rates going up. Obama did not give a damn about old retired people.
You really think the Fed adjusts rates depending on who it in office? And no, they didn't raise the rates just to make retired people happy.
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