obama's economy in his first term can rightly be called "crony", not so much powerful
the unions, the "solyndras" etc
Originally Posted by nevergaveitathought
The LOONS clamoring for a resurrection of the Obaminable Legacy ..
... actually neglect intentionally to factor in the taxpayer money borrowed that was injected into the economy and considered part of the "growth" of the U.S. economy for statistical purposes.
WTF understands that "concept" as a house builder ....
... when he brags about how much the house brought at sale!
Like he put the sales proceeds in his pocket!!!!!!!!!!!
He had to pay the interim financing and his personal expenditures he robbed out of the borrowed money .... which is why he has to build another house to pay for the expenditures from the last one that he couldn't pay, because he was living of the loan proceeds he borrowed from the last one.
The S&L's had to book "loans" as assets to appear solvent, just like WTF and all the other spec house builders.......
... that's why he believes the bullshit on Obaminable's economy! And that is also why his bullshit about high interest rates doesn't hold water as a cause of the S&L failures. And that's why he name-calls!!! Ignorance.