Trump is one of the most authoritarian presidents ever.
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Record Trade Deficit, Record Monthly Budget Deficit, Record Annual Deficit...
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Althea
Althea told me...
Indirectly
Althea
Althea told me...
You forgot why you asked?
So the "headline" on this gossip thread reads, Trump responsible for record deficits (all economic indicators)….but OBAMA gets the thanks for that economy?
So far I agree....I am with you. Obama gets "ALL THE RESPONSIBILITY". This thread kind'a backfired due to its lack of logic and reason? No?
I just rubbed the little head of my Reagan bobblehead for pointing out this stupidity. The left truly is the only party that would bury itself in order to prove they know how to use a shovel. They just don't think, which brings us to another point of logic declared by Mr. Reagan. "The trouble with our liberal friends is not that they are ignorant; its just that they know so much that isn't so...…" R. Reagan
The Law of the Excluded Middle: 1st law of logic, NOTHING CAN HOLD THE DISTINCION OF BEING BOTH TRUE AND FALSE. Really? Its Trumps deficits, but Obama gets the credit for the state of the economy?
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Jerry Mathers
Was it me?
did I?
Jerry Mathers
Was it me?
how so? all the dems are against free speech, and guns.
I'm not lying about anything.
The federal deficit for this year stands at over $800B. Hasn't been this high since 2012.
I guess being a religious fundamentalist is that whatever doesn't conform to dogma is sacrilegious, right? Even when it's facts.
Right, they were higher because of the economic collapse that started with your guy, Bush the Dumber, and because of the Bush Tax Cuts, which erased surpluses and created four record deficits in 8 years including the highest deficit of all time that Bush handed Obama in 2009.
PostmodernProphet
fully immersed in faith..
Obama made the 2009 deficit the highest when he added the cost of bail outs and "stimulus" spending.......Obisymal's deficits were high because of his own incompetence not because of the housing bubble created by Clinton, Barney Frank and the Wall Street bankers who appointed Obama as their puppet.......
Oh you mean for him having to clean up after your mess?
You're welcome for that.
We didn't even force you to participate in the clean up.
Instead, you chose to sit on the sidelines and staple a teabag to your face to convince everyone you suddenly cared about deficits and debt.
countryboy
Verified User
And the Democrat Party is doing what, about the spending? Which cuts are they proposing? Can you list them?
The mortgage bubble was created by "a dramatic weakening of underwriting standards for subprime loans beginning in 2004 and extending through 2007."
What branch of government do regulators work for? The Executive Branch.
Who was in charge of the Executive Branch from 2004-2007? Bush the Dumber.
Who voted for Bush the Dumber twice? You did.
“The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.”
http://www.treasury.gov/resource-cen...s update.pdf
"Since 1995 there has been essentially no change in the basic CRA rules or enforcement process that can be reasonably linked to the subprime lending activity. This fact weakens the link between the CRA and the current crisis since the crisis is rooted in poor performance of mortgage loans made between 2004 and 2007. "
https://www.federalreserve.gov/images/20081203_analysis.pdf
Spending isn't the problem; reducing revenue is the problem.
Spending grew 32% during Clinton, yet he ended up with surpluses.
Jerry Mathers
Was it me?
he made the banks whole, and that's why you love him, bankster- lover.
trump beat hillary from the left. actually do something for regular people, and dems could win too.
Spending isn't the problem.
The problem is revenue reductions.
You all say that reducing revenue will somehow create more revenue, even though revenues for 2018 were 2% less than revenues for 2017.
Even though growth for 2018 was 2.85% whereas growth for 2015 was 2.88%, and 2015 didn't have a tax cut.
Also, 2015 saw an 11% deficit reduction. You all increased the deficit by 25% last year thanks to your tax cut.
I thought Obama should have executed the heads of all the TBTF banks, AND THEIR FAMILIES, and hung their lifeless bodies from the board of the NYSE with their genitals in their mouths as a warning to the rest.
For those bodies that couldn't fit, I would have liked to have seen them decapitated and their heads put on pikes atop the Brooklyn Bridge.
So, you're barking up the wrong tree with this weak sauce.
Trump has done nothing for regular people.
Trump didn't beat Hillary from the left, Trump beat Hillary because so many white Americans are racist shitheads.
PostmodernProphet
fully immersed in faith..
we will be cleaning up Obama's $10T mess for the next fifty years.......
By adding $2T to the debt, like you did the last 2 years?
PostmodernProphet
fully immersed in faith..
it was Clinton's SoT that issued the rules allowing the issuing of sub-prime loans.......it was the guy Obama made his SoT who marketed them with federal guarantees........it was Barney Frank and the congressional Black Caucus who screamed racism when the Bush administration tried to apply the brakes in 2005.......the housing bubble was a demmycunt creation........