Unemployment is 3.9 percent

[Into the Night]

Wrong.

The housing market started its collapse back in 2006, when all the shitty garbage subprimes you used to fake economic growth in 2004 started defaulting.

While Lehman Bros. collapsed in Sept, the full collapse in the housing market started in December.

 

[LV426]

Nah. He was always a RINO.

No, only when it became clear that Bush's Conservatism didn't deliver on a single promise made of it.

In about ten years, you're gonna say the same thing about Trump.

NO TRUE SCOTSMAN

 

[LV426]

Denial of logic.

Nope, you were incoherent because you rushed through a sloppy response to someone you obviously consider your superior.

 

[Into the Night]

Bad loans...from when/where?

Because the loans that started all this were issued in 2004 and they fell apart in 2006.

Then they took down the rest of the economy.

RQAA. Denial of history.

 

[LV426]

Four term fallacy.

Well then all of what you believe is a fallacy because in 2004, you all were crediting the housing market to the tax cuts.

But then when the housing market fell apart, suddenly the tax cuts had nothing to do with it?

Sure, Jan.

 

[LV426]

It didn't collapse in 2006, and it was not caused by tax cuts.

But it did...that's when the collapse started and it all started because of the shitty subprime loans you and Bush used to fake economic growth before the 2004 election, where the economy would be a major issue.

 

[Into the Night]

How'd he attempt to do that?

RQAA.

No, that would actually be socialism.

It is. Communism is socialism. So is fascism. That's Democrats, dude.

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

Not the definition of communism.

Unlike the $30B you and Trump handed farmer trash,

So you don't like farmers. Gotit. Stop eating then.

the $10B auto loans saved millions of jobs and were paid back with interest.

The didn't save any job. They were not loans.

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.

No one had to give them anything.

 

[LV426]

Tax cuts do not cause a housing collapse, dumbass.

Ah, but they did...Bush linked them all together. Why would he do that?

 

[Into the Night]

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

The Fed was directly responsible. I already described how.

 

[Into the Night]

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

Fed money, dude.

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

Lie. The Fed itself is unconstitutional and makes risky loans all the time.

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.

Clinton's housing laws are part of what caused the eventual crash, idiot.

 

[Into the Night]

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.

The Fed directly caused the housing crash.

 

[Into the Night]

Fallacy fallacy.

Lie. Denial of logic. Mockery.

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

Insult fallacies. Trolling. No argument presented.

 

[Into the Night]

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

The crash became widespread in Dec 2008

 

[Into the Night]

Ah, but they did...Bush linked them all together. Why would he do that?

Tax cuts do not cause a housing collapse, dumbass.

 

[LV426]

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

Impossible.

You cannot be in a depression if the economy is growing.

 

[Into the Night]

Impossible.

You cannot be in a depression if the economy is growing.

The economy wasn't growing.

 

[LV426]

Not the definition of a depression.

I posted the definition of Depression for you, and that definition started out by saying a drop in economic growth.

 

[LV426]

Fallacy fallacy fallacy

There you go again, retreating to this instead of making an argument in defense of your position.

I expected more out of you...but something tells me you disappoint people all the time.

 

[LV426]

We did see inflation. A lot of it.

Nope, wrong again.

Inflation in 2009 was -0.36%

Inflation in 2010 was 1.64%

Inflation in 2011 was 3.16%

All three were lower than Bush the Dumber's inflation from 2005-2008: https://www.macrotrends.net/countries/USA/united-states/inflation-rate-cpi

Wow...how terrible for you. How damaging to your argument to be exposed as a liar like this, particularly by someone like me.

 

[LV426]

Congress runs the Fed.

OK, prove it.