Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone remember the $845 billion Global Poverty Act proposed by Barack Obama and Joe Biden in 2008?

It would have sprayed the world with money as another democrat feel good initiative. Thank God they killed that one.

Joe Biden was not the Vice President in 2008.
Barrack Obama was not the president in 2008.

Would you like to try again?

(and then ask yourself what the economy looked like in the fall of 2008 and why such a stimulus bill might have been needed at the time?)

Yes, because you leftists insisted on giving mortgages to people who had no ability to pay them which crashed the housing market throughbsubprime lending. See Barney Frank, Franklin Raines and Maxine Waters.

You might want to rethink what you said and remember that this was a Bush initiative. But to be fair, every president since the early seventies has used FHA and housing to extort votes from their constituents.

You might want to read the links posted above instead of firing from the hip. This was not a Bush initiative.

The initiative was created by Bill Clinton and none other than Andrew Cuomo, who was Bill Clinton's HUD Secretary at the time. He pushed the "Community Reinvestment Act" and it took years to build momentum to the crash.

It's time for you to stop rewriting history.

https://www.cbsnews.com/news/heres-what-really-caused-housing-crisis/

You Republicans seem confused as to what year it is.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone remember the $845 billion Global Poverty Act proposed by Barack Obama and Joe Biden in 2008?

It would have sprayed the world with money as another democrat feel good initiative. Thank God they killed that one.

Joe Biden was not the Vice President in 2008.
Barrack Obama was not the president in 2008.

Would you like to try again?

(and then ask yourself what the economy looked like in the fall of 2008 and why such a stimulus bill might have been needed at the time?)

Yes, because you leftists insisted on giving mortgages to people who had no ability to pay them which crashed the housing market throughbsubprime lending. See Barney Frank, Franklin Raines and Maxine Waters.

No, that's entirely wrong and not the reason for the GFC. It was the deregulation of the financial markets/big banks that started under Clinton (repeal of Glass-Steagall) and accelerated under Bush by not regulating derivatives or raising interest rates sooner under Greenspan or regulating the big banks. Your memory is really short.

Also, the GLBA repeal of Glass-Steagall was sponsored and pushed by Republicans

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone remember the $845 billion Global Poverty Act proposed by Barack Obama and Joe Biden in 2008?

It would have sprayed the world with money as another democrat feel good initiative. Thank God they killed that one.

Joe Biden was not the Vice President in 2008.
Barrack Obama was not the president in 2008.

Would you like to try again?

(and then ask yourself what the economy looked like in the fall of 2008 and why such a stimulus bill might have been needed at the time?)

Yes, because you leftists insisted on giving mortgages to people who had no ability to pay them which crashed the housing market throughbsubprime lending. See Barney Frank, Franklin Raines and Maxine Waters.

You might want to rethink what you said and remember that this was a Bush initiative. But to be fair, every president since the early seventies has used FHA and housing to extort votes from their constituents.

You might want to read the links posted above instead of firing from the hip. This was not a Bush initiative.

The initiative was created by Bill Clinton and none other than Andrew Cuomo, who was Bill Clinton's HUD Secretary at the time. He pushed the "Community Reinvestment Act" and it took years to build momentum to the crash.

It's time for you to stop rewriting history.

https://www.cbsnews.com/news/heres-what-really-caused-housing-crisis/

You Republicans seem confused as to what year it is.

Republican strategy of constant dodging and deflection like a kid caught red handed in the kitchen with chocolate on his face, surrounded by cookie crumbs, but trying to blame the dog for taking all of the chocolate chip cookies. Meanwhile the dog is out in the back yard minding its own business.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone remember the $845 billion Global Poverty Act proposed by Barack Obama and Joe Biden in 2008?

It would have sprayed the world with money as another democrat feel good initiative. Thank God they killed that one.

Joe Biden was not the Vice President in 2008.
Barrack Obama was not the president in 2008.

Would you like to try again?

(and then ask yourself what the economy looked like in the fall of 2008 and why such a stimulus bill might have been needed at the time?)

Yes, because you leftists insisted on giving mortgages to people who had no ability to pay them which crashed the housing market throughbsubprime lending. See Barney Frank, Franklin Raines and Maxine Waters.

No, that's entirely wrong and not the reason for the GFC. It was the deregulation of the financial markets/big banks that started under Clinton (repeal of Glass-Steagall) and accelerated under Bush by not regulating derivatives or raising interest rates sooner under Greenspan or regulating the big banks. Your memory is really short.

Also, the GLBA repeal of Glass-Steagall was sponsored and pushed by Republicans

It was time for Glass Steagall to end. No other country in the world had anything like it except Japan because we imposed it on them after WWII.

However, the separation of commercial banking from investment banking did serve to make our capital markets and those in Japan the most active and liquid of any in the world. UK did the Big Bang to kick start their capital markets, but once they left the EU the Europeans were stuck with their moribund capital markets that they are constantly trying to bring to life through regulation. Which so far has not worked well.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone remember the $845 billion Global Poverty Act proposed by Barack Obama and Joe Biden in 2008?

It would have sprayed the world with money as another democrat feel good initiative. Thank God they killed that one.

Joe Biden was not the Vice President in 2008.
Barrack Obama was not the president in 2008.

Would you like to try again?

(and then ask yourself what the economy looked like in the fall of 2008 and why such a stimulus bill might have been needed at the time?)

Yes, because you leftists insisted on giving mortgages to people who had no ability to pay them which crashed the housing market throughbsubprime lending. See Barney Frank, Franklin Raines and Maxine Waters.

No, that's entirely wrong and not the reason for the GFC. It was the deregulation of the financial markets/big banks that started under Clinton (repeal of Glass-Steagall) and accelerated under Bush by not regulating derivatives or raising interest rates sooner under Greenspan or regulating the big banks. Your memory is really short.

Also, the GLBA repeal of Glass-Steagall was sponsored and pushed by Republicans

"Look at all the grief I got for signing the bill that ended Glass-Steagall," Bill Clinton said in an interview with Inc. magazine for its September issue. "There's not a single, solitary example that it had anything to do with the financial crash."

https://www.politifact.com/factchecks/2015/aug/19/bill-clinton/bill-clinton-glass-steagall-had-nothing-do-financi/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone remember the $845 billion Global Poverty Act proposed by Barack Obama and Joe Biden in 2008?

It would have sprayed the world with money as another democrat feel good initiative. Thank God they killed that one.

Joe Biden was not the Vice President in 2008.
Barrack Obama was not the president in 2008.

Would you like to try again?

(and then ask yourself what the economy looked like in the fall of 2008 and why such a stimulus bill might have been needed at the time?)

Yes, because you leftists insisted on giving mortgages to people who had no ability to pay them which crashed the housing market throughbsubprime lending. See Barney Frank, Franklin Raines and Maxine Waters.

You might want to rethink what you said and remember that this was a Bush initiative. But to be fair, every president since the early seventies has used FHA and housing to extort votes from their constituents.

You might want to read the links posted above instead of firing from the hip. This was not a Bush initiative.

The initiative was created by Bill Clinton and none other than Andrew Cuomo, who was Bill Clinton's HUD Secretary at the time. He pushed the "Community Reinvestment Act" and it took years to build momentum to the crash.

It's time for you to stop rewriting history.

https://www.cbsnews.com/news/heres-what-really-caused-housing-crisis/

You Republicans seem confused as to what year it is.

Republican strategy of constant dodging and deflection like a kid caught red handed in the kitchen with chocolate on his face, surrounded by cookie crumbs, but trying to blame the dog for taking all of the chocolate chip cookies. Meanwhile the dog is out in the back yard minding its own business.

No, Republicans bring facts. You bring rhetoric. It's exactly what is to be expected of economically illiterate progressives (redundant) who believe free stuff will fix everything.

Epilogue: It doesn't. Artificial incentives cause market dislocations which come back to haunt us down the line many fold. Someone should tell that to the progressives in the democrat party.

https://georgewbush-whitehouse.archives.gov/news/releases/2008/10/20081009-10.html

https://georgewbush-whitehouse.archives.gov/news/releases/2008/09/20080919-15.html

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone remember the $845 billion Global Poverty Act proposed by Barack Obama and Joe Biden in 2008?

It would have sprayed the world with money as another democrat feel good initiative. Thank God they killed that one.

Joe Biden was not the Vice President in 2008.
Barrack Obama was not the president in 2008.

Would you like to try again?

(and then ask yourself what the economy looked like in the fall of 2008 and why such a stimulus bill might have been needed at the time?)

Yes, because you leftists insisted on giving mortgages to people who had no ability to pay them which crashed the housing market throughbsubprime lending. See Barney Frank, Franklin Raines and Maxine Waters.

You might want to rethink what you said and remember that this was a Bush initiative. But to be fair, every president since the early seventies has used FHA and housing to extort votes from their constituents.

You might want to read the links posted above instead of firing from the hip. This was not a Bush initiative.

The initiative was created by Bill Clinton and none other than Andrew Cuomo, who was Bill Clinton's HUD Secretary at the time. He pushed the "Community Reinvestment Act" and it took years to build momentum to the crash.

It's time for you to stop rewriting history.

https://www.cbsnews.com/news/heres-what-really-caused-housing-crisis/

As with so many things, the creation of the problem was rooted in good intentions, for which there was bi-partisan support. Increased home ownership was seen as a social good. If people are invested in their homes, the thinking went, they would take care of them better than rentals and as neighborhoods had more home owners, they would physically improve and the owners themselves would be more engaged in local issues like infrastructure and crime.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone remember the $845 billion Global Poverty Act proposed by Barack Obama and Joe Biden in 2008?

It would have sprayed the world with money as another democrat feel good initiative. Thank God they killed that one.

Joe Biden was not the Vice President in 2008.
Barrack Obama was not the president in 2008.

Would you like to try again?

(and then ask yourself what the economy looked like in the fall of 2008 and why such a stimulus bill might have been needed at the time?)

Yes, because you leftists insisted on giving mortgages to people who had no ability to pay them which crashed the housing market throughbsubprime lending. See Barney Frank, Franklin Raines and Maxine Waters.

No, that's entirely wrong and not the reason for the GFC. It was the deregulation of the financial markets/big banks that started under Clinton (repeal of Glass-Steagall) and accelerated under Bush by not regulating derivatives or raising interest rates sooner under Greenspan or regulating the big banks. Your memory is really short.

Also, the GLBA repeal of Glass-Steagall was sponsored and pushed by Republicans

"Look at all the grief I got for signing the bill that ended Glass-Steagall," Bill Clinton said in an interview with Inc. magazine for its September issue. "There's not a single, solitary example that it had anything to do with the financial crash."

https://www.politifact.com/factchecks/2015/aug/19/bill-clinton/bill-clinton-glass-steagall-had-nothing-do-financi/

Please described exactly how the end of Glass Steagall brought on the crash.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone remember the $845 billion Global Poverty Act proposed by Barack Obama and Joe Biden in 2008?

It would have sprayed the world with money as another democrat feel good initiative. Thank God they killed that one.

Joe Biden was not the Vice President in 2008.
Barrack Obama was not the president in 2008.

Would you like to try again?

(and then ask yourself what the economy looked like in the fall of 2008 and why such a stimulus bill might have been needed at the time?)

Yes, because you leftists insisted on giving mortgages to people who had no ability to pay them which crashed the housing market throughbsubprime lending. See Barney Frank, Franklin Raines and Maxine Waters.

You might want to rethink what you said and remember that this was a Bush initiative. But to be fair, every president since the early seventies has used FHA and housing to extort votes from their constituents.

You might want to read the links posted above instead of firing from the hip. This was not a Bush initiative.

The initiative was created by Bill Clinton and none other than Andrew Cuomo, who was Bill Clinton's HUD Secretary at the time. He pushed the "Community Reinvestment Act" and it took years to build momentum to the crash.

It's time for you to stop rewriting history.

https://www.cbsnews.com/news/heres-what-really-caused-housing-crisis/

As with so many things, the creation of the problem was rooted in good intentions, for which there was bi-partisan support. Increased home ownership was seen as a social good. If people are invested in their homes, the thinking went, they would take care of them better than rentals and as neighborhoods had more home owners, they would physically improve and the owners themselves would be more engaged in local issues like infrastructure and crime.

Good intentions also tells us if you aren't fully invested in it with your own money, you appreciate it less and will take advantage of the situation more instead of being an honest broker. That's what you do when you hand out free sugar. Not only that, the more free sugar you hand out, the more it takes to get high. We're doing that today with free hotel rooms for illegal immigrants, free health care, and loading up credit cards and handing them out for free.

Democrats are pushing us to take on the poverty of the world with open borders and we are NOT a rich country. We are mortgaged to the hilt.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone remember the $845 billion Global Poverty Act proposed by Barack Obama and Joe Biden in 2008?

It would have sprayed the world with money as another democrat feel good initiative. Thank God they killed that one.

Joe Biden was not the Vice President in 2008.
Barrack Obama was not the president in 2008.

Would you like to try again?

(and then ask yourself what the economy looked like in the fall of 2008 and why such a stimulus bill might have been needed at the time?)

Yes, because you leftists insisted on giving mortgages to people who had no ability to pay them which crashed the housing market throughbsubprime lending. See Barney Frank, Franklin Raines and Maxine Waters.

You might want to rethink what you said and remember that this was a Bush initiative. But to be fair, every president since the early seventies has used FHA and housing to extort votes from their constituents.

You might want to read the links posted above instead of firing from the hip. This was not a Bush initiative.

The initiative was created by Bill Clinton and none other than Andrew Cuomo, who was Bill Clinton's HUD Secretary at the time. He pushed the "Community Reinvestment Act" and it took years to build momentum to the crash.

It's time for you to stop rewriting history.

https://www.cbsnews.com/news/heres-what-really-caused-housing-crisis/

As with so many things, the creation of the problem was rooted in good intentions, for which there was bi-partisan support. Increased home ownership was seen as a social good. If people are invested in their homes, the thinking went, they would take care of them better than rentals and as neighborhoods had more home owners, they would physically improve and the owners themselves would be more engaged in local issues like infrastructure and crime.

Good intentions also tells us if you aren't fully invested in it with your own money, you appreciate it less and will take advantage of the situation more instead of being an honest broker. That's what you do when you hand out free sugar. Not only that, the more free sugar you hand out, the more it takes to get high. We're doing that today with free hotel rooms for illegal immigrants, free health care, and loading up credit cards and handing them out for free.

Democrats are pushing us to take on the poverty of the world with open borders and we are NOT a rich country. We are mortgaged to the hilt.

Agree that so many of the wonderful things we want to do are implemented without requiring skin in the game, which really is needed if thee thing are to actually work without all sorts of adverse knock on effects.

[Anonymous]

[Anonymous]

https://finance.yahoo.com/news/is-the-us-currently-in-a-recession-not-at-all-jamie-dimon-201904620.html

JPMorgan Chase CEO Jamie Dimon said the US economy has "not at all" entered a recession as he urged calm about this week’s market volatility, but he still sees the odds of one coming as more likely than not.

"Markets fluctuate," Dimon said in a CNBC interview. "I think people overreact a little bit to the daily fluctuation of the market. And sometimes it's for good reasons. Sometimes it's virtually [for] no reason."

[Anonymous]

Stellantis laying off 2,450 plant workers due to discontinuation of Ram ‘Classic’ pickup truck

Published Fri, Aug 9 2024

DETROIT — Automaker Stellantis plans to indefinitely lay off up to 2,450 U.S. factory workers later this year as it discontinues production of an older version of its Ram 1500 pickup truck in Michigan.

https://www.cnbc.com/2024/08/09/stellantis-layoff-workers-ram-pickup-truck.html

[Anonymous]

Shame Biden won’t be at the helm to usher us through this next wave of volatility

[Anonymous]

Anonymous wrote:Shame Biden won’t be at the helm to usher us through this next wave of volatility

Funny how a union demands big pay and benefits and then the host eventually dies (or moves overseas).

Look at all that inventory... I guess people aren't buying UAW products.

https://caredge.com/guides/new-car-inventory-2024