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re: So NOW it's Trump's economy, according to the MSM.
Posted on 2/5/18 at 3:39 pm to Numberwang
Posted on 2/5/18 at 3:39 pm to Numberwang
Just like this board assumed everything that bush did for the recession was Obama's fault the moment he took office.
6
Posted on 2/5/18 at 3:43 pm to Mudminnow
quote:
Just like this board rightly knew that everything that a Democrat Congress did for the recession was the fault of Democrats in Congress before Obama took office.
FIFY
Posted on 2/5/18 at 4:09 pm to Mudminnow
W was responsible for some of the recession.
He sided with Barney Frank and the Congressional Black Caucus against Baker R-LA in controlling the housing bubble that exploded 5 years later.
Jul 21st 2003
Calling the hearings premature, Fannie Mae officials declined to testify before a house committee looking into alleged mismanagement at the nation's top two mortgage guarantee enterprises.
Rep. Richard Baker (R-LA), sponsor of one of two bills pending in Congress that would reconfigure the oversight of the two bodies, issued a statement Thursday calling off the hearings because of a â??lack of cooperationâ? from the two companies, which between them, own or guarantee 42 percent of the $7 trillion in U.S. mortgage business.
Baker's bill faces serious opposition from fellow lawmakers, many of whom count the two firms among their campaign contributors. Both Fannie Mae and Freddie Mac have strong political ties and lobbying arms. Accountingweb.com
He sided with Barney Frank and the Congressional Black Caucus against Baker R-LA in controlling the housing bubble that exploded 5 years later.
Jul 21st 2003
Calling the hearings premature, Fannie Mae officials declined to testify before a house committee looking into alleged mismanagement at the nation's top two mortgage guarantee enterprises.
Rep. Richard Baker (R-LA), sponsor of one of two bills pending in Congress that would reconfigure the oversight of the two bodies, issued a statement Thursday calling off the hearings because of a â??lack of cooperationâ? from the two companies, which between them, own or guarantee 42 percent of the $7 trillion in U.S. mortgage business.
Baker's bill faces serious opposition from fellow lawmakers, many of whom count the two firms among their campaign contributors. Both Fannie Mae and Freddie Mac have strong political ties and lobbying arms. Accountingweb.com
Posted on 2/5/18 at 4:10 pm to Mudminnow
quote:
Just like this board assumed everything that bush did for the recession was Obama's fault the moment he took office.
Nobody did that.
Everyone with a brain blamed the crash and recession on the banks running a Ponzi Scheme with Fannie and Freddie over the housing market.
If anything, we blamed the crash and recession on Chris Dodd and Barney Frank.
Obama is blamed for the inflation bubble he created by doing $5 trillion in QE Stimulus while not correspondingly raising inflation/interest rates to match it.
What happened Friday and today is a direct result of the fear of inflation.
Yes, the economy is doing so freaking well, that people are afraid The Fed Reserve will hike up inflation/interest rates drastically... because the economy is doing well enough to absorb it.
Posted on 2/5/18 at 4:33 pm to Mudminnow
quote:
Just like this board assumed everything that bush did for the recession was Obama's fault the moment he took office.
No we all knew that he contributed, but you cannot blame the previous admin after a year or 2. Once you have certain laws in place and regulations it is your baby.
Obama blamed bush for 8 years.
This was trumps baby the whole time due to his rhetoric on America first and his pro business policies.
Posted on 2/5/18 at 4:33 pm to Mudminnow
quote:
Donald J. Trump
@realDonaldTrump
·
1h
Thanks to the historic TAX CUTS that I signed into law, your paychecks are going way UP, your taxes are going way DOWN, and America is once again OPEN FOR BUSINESS!
Posted on 2/5/18 at 6:19 pm to Mudminnow
Can we just agree that neither Bush or Obama were successful?
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