Private Sector job growth since Dec 2009 beats anything Bush ever accomplished

[Mr. Big Dog 10,747]

Yep, your right. We did have 7.6 unemployment when Bush left. You know when the 4% employment rate went away? When the dems took congress in 2007. They are the ones responsible for the disaster that Obama inherited. That is why it isn't going away now. They just kept doing the same things that ruined our economy in the first place.

Good Lord. What legislative piece of the Democratic Congress tanked the economy? And why did Bush sign it rather than veto it when it was such a bad idea? And why did the tax cut policies of the GOP fail to create the 5.5 million jobs they promised?

[luckytxn 2,265]

The tax cut policies is what kept the unemployment so low for so long. Bush had to go with the Socialist party to get his own huge giveaway he wanted to the Pharmaceuticals.

[JohnSmith2007 353]

I wouldn't expect you to admit it but it is very clear that the economy went south when the dems took over. So the problems Obama inherited were of his own parties making.

Good Lord. What legislative piece of the Democratic Congress tanked the economy? And why did Bush sign it rather than veto it when it was such a bad idea? And why did the tax cut policies of the GOP fail to create the 5.5 million jobs they promised?

The dems refusal to reform fanny and freddie for one. That caused the bubble and tanked the economy. You have misters Frank and Dodd to thank for that.

Edited November 5, 2010 by JohnSmith2007

[Mr. Big Dog 10,747]

I wouldn't expect you to admit it but it is very clear that the economy went south when the dems took over. So the problems Obama inherited were of his own parties making.

The dems refusal to reform fanny and freddie for one. That caused the bubble and tanked the economy. You have misters Frank and Dodd to thank for that.

I am not disputing that the economy went sour at around the same time that the Dems gained majorities in Congress. The coincidental timing of both events doesn't establish that the former was a result of the latter, however. You know, the sun came up when I went into work this morning. According to your funky reasoning, it would seem plausible to claim that my going to work caused the sun to rise. Had no idea just how special my going to work really is.

The housing bubble peaked in early 2005 - a full two years before the Dems took Control of Congress. The decline in housing prices started in 2006 prior to the election. Did the bubble start to burst in mere anticipation of the coming change of control of Congress?

[Ban Hammer 13,514]

Good Lord. What legislative piece of the Democratic Congress tanked the economy?

you asked

[Mr. Big Dog 10,747]

you asked

Okay, you win this one.

[Gary and Alla 3,694]

DEMS Lost!

you asked

OMG!

Wait...Hey, NANCY FOR DEM LEADER!

[I AM NOT THAT GUY 5,715]

DEMS Lost!

OMG!

Wait...Hey, NANCY FOR DEM LEADER!

Just don't spill any water on her!

[Usui Takumi 1,562]

If you look back you can see the housing bubble starting to form during the dot com bust. By 2007 it was way too late, especially since most didn't have a clue how deep the problem was.

[Gary and Alla 3,694]

If you look back you can see the housing bubble starting to form during the dot com bust. By 2007 it was way too late, especially since most didn't have a clue how deep the problem was.

If you look back you can see this entire mess was set up on July 12, 1999 when Clinton signed the dumb@ss bill allowing mortgages to become a wall street speculation toy. And then allowing the risk to be Socialized. while the prfits were Privatized. Brilliant move. Entirely predictable that when you give mortgages to people that cannot pay them there will eventually be a collapse. But the bill was heralded by DEMS as a way to extend the American Dream to more underprivileged Americans. Wonderful. Can't we just keep Affirmative Action limited to the DMV?

[Obama 2012 1,714]

If you look back you can see this entire mess was set up on July 12, 1999 when Clinton signed the dumb@ss bill allowing mortgages to become a wall street speculation toy. And then allowing the risk to be Socialized. while the prfits were Privatized. Brilliant move. Entirely predictable that when you give mortgages to people that cannot pay them there will eventually be a collapse. But the bill was heralded by DEMS as a way to extend the American Dream to more underprivileged Americans. Wonderful. Can't we just keep Affirmative Action limited to the DMV?

In all 'technical' aspects it began with Ronald Reagan appointing Alan Greenspan to the chairman of the Federal Reserve. The derivatives market is really what killed the economy, which was allowed to get out of hand thank to him and then the destruction of the Glass-Steagal (sp?) act helped as well..... That's not to say the Clinton administration didn't have a strong hand in what happened, but Reagan did appoint Greenspan.....

[luckytxn 2,265]

In all 'technical' aspects it began with Ronald Reagan appointing Alan Greenspan to the chairman of the Federal Reserve. The derivatives market is really what killed the economy, which was allowed to get out of hand thank to him and then the destruction of the Glass-Steagal (sp?) act helped as well..... That's not to say the Clinton administration didn't have a strong hand in what happened, but Reagan did appoint Greenspan.....

I also remember when Greenspan tried to warn congress and the people that the housing bubble was coming and to take steps. I also remember Frank and his ilk threatened to get rid of him and was pretty much told to shut up. I also remember the derivatives market was being touted by many experts as a Ponzi scheme but nobody did anything about it. Some tried but there was so much money flowing then that the few voices were muted.

you asked

I almost felt the contents of my breakfast begin to exit on this pic.

[Obama 2012 1,714]

I also remember when Greenspan tried to warn congress and the people that the housing bubble was coming and to take steps. I also remember Frank and his ilk threatened to get rid of him and was pretty much told to shut up. I also remember the derivatives market was being touted by many experts as a Ponzi scheme but nobody did anything about it. Some tried but there was so much money flowing then that the few voices were muted.

When Greenspan made his warning, it was far too late. All of which was caused by him. He and Henry Paulson were the ones who shut down those voices who raised up. It was him and his cronies in the Clinton administration that shup up people like Brooksley Born in the late 90's. Both the derivatives market and the housing market are directly linked to the failure that occured. That's the dirty part about it all. One man orchestrated it all, as the government usually listens to the FED Chairman in anything when it comes to the economy. Alan Greenspan is essentially a criminal who should be in jail for what happened.

[Mr. Big Dog 10,747]

You know were in deep shite if the chief libertarians lay the blame of the economic crisis at the feet of deregulation.

[Gary and Alla 3,694]

You know were in deep shite if the chief libertarians lay the blame of the economic crisis at the feet of deregulation.

It was not deregulation. The act signed into law on July 12, 1999 only allowed for the government to accept the responsibility for the loans. It was, in fact, REGULATION but very STUPID regulation. It said "Go ahead, use your money to make risky loans and we will cover you if they default" Priavte mortgages were ALWAYS legal and never regulated, Anyone could haved used their own money and loaned it for home mortgages, but no one except the government was so stupid as to guarantee (co-sign) loans for unqualified people.

The act only socialized the risk of what was a privateized profit. It basically said that YOU AND I get to take up the slack for people that didn;t even have to prove they had an income. Brilliant.

That is NOT deregulation.