Unemployment is 3.9 percent

[LV426]

Obama also attempted to nationalize the used car market, the automotive market, and the health insurance market.

How'd he attempt to do that?

This is communism.

No, that would actually be socialism.

Communism is what you want for the country: one-party Conservative minority rule.

All of them failed miserably and caused a lot of waste doing it.

Unlike the $30B you and Trump handed farmer trash, the $10B auto loans saved millions of jobs and were paid back with interest.

I'm still waiting for your farmer trash pals to pay us the $30B back we had to give them because of the tariffs they supported that killed their own businesses.

 

[LV426]

It was directly responsible.

No it wasn't, and you can't even say how because you are just running your mouth.

 

[LV426]

It is from the government.

Nope, wrong. Private lenders. The government didn't lend subprime loans with weakened standards.

In fact, from 2000-2004, the government was strictly prohibited from making risky loans.

It was your guy Bush the Dumber in 2004 who revoked the HUD rule Clinton had put in place in 2000 to protect the housing market.

 

[Into the Night]

Completely fucking wrong...

The ARRA sped up the end of the Great Recession,

It didn't. It turned it into a depression.

and we had positive GDP growth beginning Q3 2009.

Not the definition of a depression. Straw man fallacy.

You don't know what the fuck you're talking about.

Inversion fallacy.

If printing all that money caused a depression, then we would have seen the hyperinflation y'all were promising once the ARRA was implemented and the money was spent.

We did see inflation. A lot of it.

But instead, we saw the exact opposite.

No. We saw inflation. A lot of it.

 

[LV426]

No. They were centered in the housing collapse.

Nope. Wrong again.

They were not centered at all, and in fact represented a diminishing share of lending when you and Bush the Dumber increased risky private subprime lending in 2004.

 

[LV426]

Inversion fallacy. You're a liar, dude.

I haven't lied about anything, but you have.

All you do here is lie.

Even your ID is a lie...Into the Night isn't even your primary sock.

 

[LV426]

Covid19 does not kill.
Argument from randU fallacy. Quoting made up numbers is a fallacy, dude.

LMAO!

 

[LV426]

Insult fallacy.

Fallacy fallacy.

That was a genuine question of mine; are you brain damaged? You probably got long haul COVID.

 

[Into the Night]

Wrong. They do not. Congress does not run the Fed.

Congress runs the Fed.

The Fed is independently run from Congress and has been for over 100 years.

Congress runs the Fed.

Prove it. Should be easy enough for your to prove. I'll even help you out:

RQAA.

An economic depression is a steep and sustained drop in economic activity featuring high unemployment and negative GDP growth.

Not the definition of a depression. Only a sustained drop in economic activity is required, which occurred during the entire time Obama was in office.

But GDP growth for Q3 2009 was 1.5%, which means the economy saw an increase, not a drop, in economic activity.

GDP is not economic activity.

All you do is lie.

Bulverism fallacy.

 

[LV426]

And the crash became widespread in Dec 2008

No, it became widespread back in 2006 when all those subprimes you and Bush issued in 2004 started defaulting because they were shit loans.

 

[Into the Night]

No depression since Q3 2009 economic growth was 1.5%.

Inflation is not profit, dude.

 

[LV426]

And Obama interfered with the recover, causing a depression.

Literally impossible for there to be a depression when there's economic growth, which there was less than 7 months after Obama was sworn in.

 

[LV426]

When he started interfering with the recovery.

What recovery? The economy was still tanking in January 2009 and we were losing 800,000 jobs a month.

That's a recovery? Since when?

 

[LV426]

What fascism? Obama's?

No, yours.

You're a fascist.

Fascism is a form of socialism, dude.

No, socialism is an economic system, fascism is a nationalistic political system.

And you're the nationalist here Mr. "America First".

 

[Into the Night]

The cause of the collapse was the dramatic weakening of underwriting standards for subprime loans, beginning in 2004 and extending through 2007.

Nope. It was easy money from the Fed, Housing laws passed by Clinton and Carter, further exacerbated by a Democrat Congress, and overspeculation.

If you think Carter or Clinton had anything to do with it,

They did.

then simply post the legislation they signed with the relevant parts quoted from that legislation to make your case.

RQAA.

I'll save you time, though, because no such legislation ever occurred.

It did. I already showed you what it was. RQAA.

You got conned again because you're just not very bright.

Nah. You're just denying history.

 

[LV426]

It is government manipulation of markets.

Then I guess capitalism is fascist.

 

[Into the Night]

No you can't.

You literally cannot be in a Depression if the economy is growing.

The economy wasn't growing.

 

[LV426]

Inversion fallacy. You are describing yourself.

Fallacy fallacy, which is where you call something a fallacy so you don't have to defend yourself and your indefensible behavior.

 

[Into the Night]

I believe you lie as a matter of habit now, because you've spent so much of your life lying that you don't even know what telling the truth means.

You are describing yourself again. Inversion fallacy.

 

[Into the Night]

The first of your Conservative Bush garbage 2004 subprimes started defaulting in 2006...so that's when the crash really began.

Assumption of victory fallacy. There was no crash in 2006.