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You silly republicans think if Cruz or Trump gets elected you're gonna flourish and be able to afford that doublewide trailer you've been dreaming about for decades....WAKE UP....If you can't get ahead in this economy you'll never get ahead...Cold hard fact of life....These past few years have been a God send. 

I'll be making sure to invest cautionally going forward if the republicans take the white house and push their 
trickle down" nonsense that hurts every American not making 250k a year. 

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Congrats, Wozzie, dealing in this area must pay well. 

The is in the worst recovery in 100 years, with an average GDP increase less than 2 percent.  Unless GDP grows, there's not more to go around.  Otherwise, we're all fighting over the scrapes.

Trickle down is just another way of saying "a rising tide raises all boats," to quote JFK. 

 

Over the last few days the stock market has been cratering, so I'm not too sure about this marvelous recovery lasting much longer. While I know that the stock market isn't the economy; but if retirees and rich folks with investment income become more cautious and frugal along with wildcatters and their suppliers cutting back their operations, the economy is going to take a hit.

Since this post is in the Politics section, WOZ, you may not need to start worrying yet about your welfare check because the givers of magic money lost the election. Voters only seem to care about employment which is a lagging economic indicator and it takes two successive negative quarters of GDP growth to pronounce a recession. I don't think that will happen soon enough to affect the election unless fee-sees impact the rotary air mover during the first quarter of this year. If either the socialist or the plutocratic candidates fly in on their rainbow farting magical ponies and promise enough candy and freebies, your goodies might be safe.

Last edited by Stanky
jtdavis posted:

If this is the worst recovery in 100 years, why is there no fussing about the policies that got us into the position of needing a recovery?

JT, that is your job, we have been patiently waiting for your Bush Bash.  You need to be more prompt in blaming the previous administration.  This will go on your permanent record.

jtdavis posted:

Yes, the legislation Bill Clinton signed set the scene for the 2008 recession.  Plus, the injection of $1 trillion by Fannie/Freddie to inflate the price of homes.

Clinton caused the crash 10 to 15 years later??? Why not blame FDR for it?

I guess you can blame Bush for not putting the fear of God into Democrats. The Bush administration did try early on to persuade Democrats to amend what was put into place in the Clinton years.

 
jtdavis posted:

Yes, the legislation Bill Clinton signed set the scene for the 2008 recession.  Plus, the injection of $1 trillion by Fannie/Freddie to inflate the price of homes.

Clinton caused the crash 10 to 15 years later??? Why not blame FDR for it?

Takes time to inflate housing costs and build up.a large bad loan balance.

jtdavis posted:

Takes time to inflate housing costs and build up.a large bad loan balance.

Bankers lying on loan applications had nothing to do with it????  Sixty minutes did prove they lied.

Then, why did the Attorney General (Democrat) of NY investigate for years and not prosecute them.

The banks operate under the program Bubbah approved.

jtdavis posted:

I guess you can blame Bush for not putting the fear of God into Democrats. The Bush administration did try early on to persuade Democrats to amend what was put into place in the Clinton years.

Clinton left a budget surplus, Bush cured that.

Actually the dot-com bust, ENRON'ish bookkeeping, and letting al Qaeda grow in Clinton's time cured the "surplus".

jtdavis posted:

Takes time to inflate housing costs and build up.a large bad loan balance.

Bankers lying on loan applications had nothing to do with it????  Sixty minutes did prove they lied.

Loan applicants lying about their finances also broke the law and in the eyes of the law were probably more deserving of a jail cell, but both groups supported Obama. No jail time for those who financed the election of Obama and those who voted for him.

woz75 posted:

no house payment - no car payment - thanks to a record setting stock market - all I have to do now is travel and write a novel......thanks Obama!

Keep the dream alive for that doublewide folks 

Never judge a man by the house he lives in, for the rat and lizard often inhabit the most grandest structures.  

jtdavis posted:

Actually the dot-com bust, ENRON'ish bookkeeping, and letting al Qaeda grow in Clinton's time cured the "surplus".

Do you really believe that? 

History supports that statement. Much of the prosperity ( And tax receipts!) of the 90s was because of the over pricing of stocks of companies with non existent products and services. Also during the 90's the military was drawn down too much which accounted for some temporary spending cuts which evaporated when the Twin Towers came down because Clinton wouldn't handle Islamic terrorism. As for the "surplus", Bernie Madoff would be a free man if he worked for the government. The National Debt still increased under Clinton, but not as fast because of the military spending cuts and the very temporary glut of money from the phony stock market boom and because the US had a temporary technology monopoly.

You on the other hand live in a fairy tale land where a single man with his magic wand surpasses world markets and Congress didn't need to show up for work.

Last edited by Stanky

You on the other hand live in a fairy tale land where a single man with his magic wand surpasses world markets and Congress didn't need to show up for work.

You listen to too much Fox and right wing bloggers.

Remember gas was $3.50 per gallon and it was all Obama's fault. Today it's less Than $1.70 and the same commenters say, Obama had nothing to do with it.

Remember drill baby drill, and the Obama administration prevented drilling? Now the US had started exporting oil and is the worlds largest oil and gas producer, what caused that?

Last edited by jtdavis
jtdavis posted:

You on the other hand live in a fairy tale land where a single man with his magic wand surpasses world markets and Congress didn't need to show up for work.

You listen to too much Fox and right wing bloggers.

Remember gas was $3.50 per gallon and it was all Obama's fault. Today it's less Than $1.70 and the same commenters say, Obama had nothing to do with it.

Remember drill baby drill, and the Obama administration prevented drilling? Now the US had started exporting oil and is the worlds largest oil and gas producer, what caused that?

Obama must be one tired feller to have dug all those new oil wells all by hisself. The wildcatters went wild with new technologies like lateral drilling and fracking on private and state lands because drilling on Federal lands has been restricted by regulations.

http://news.investors.com/ibd-...-drilling-leases.htm

Obama and the 111th Congress (No one person can do things all by themselves!) might take credit for the oil glut in one respect. The regulatory and new Health entitlement laws they passed have affected the US economy enough that fewer people can afford even Chinese crap at the Wally-World, so the Chinese aren't buying as much oil.

Federal annual deficit and national debt accounting is a bit tricky.  The annual deficit may decrease, while the total debt of the nation (national debt) increases for the same fiscal year.  A president may borrow from funds such as the Social Security Trust Fund to decrease the deficit (short term debt), which increases the long term national debt.  Slick Willy did this three years in a row -- 1998 to 2000.

Note that as there is a budget surplus for the three years, the national debt still increased.  Got that -- no real surplus -- it was borrowed.

clintion deficit debt

Now exactly where did Slick Willy borrow from to show a surplus?

For example, in 2000, Clinton claimed a $230B surplus, but Clinton borrowed $152.3B from Social Security

$30.9B from Civil Service Retirement Fund

$18.5B from Federal Supplementary Medical insurance Trust Fund

$15.0B from Federal Hospital Insurance Trust Fund

$9.0B from the Federal Unemployment Trust Fund

$8.2B from Military Retirement Fund $3.8B from Transportation Trust Funds $1.8B from Employee Life Insurance & Retirement fund

$7.0B from others Total borrowed from off budget funds

$246.5B, meaning that his $230B surplus is actually a $16.5B deficit. ($246.5B borrowed - $230B claimed surplus

http://www.answers.com/Q/How_m..._Clinton_left_office

Reportedly Bernie Madoff swooned at this. 

 

 

 

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jtdavis posted:

What?  No more claims about a Clinton surplus! 

If a man has his eyes shut, he can't see or believe in the sun.

Uncertain as to your meaning!  Obviously, there was no surplus as the national debt (long term debt) kept rising even though the annual deficit (short term debt)  disappeared.  Only someone devoid of any knowledge of accounting would see that.

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