Great Economy and Negative Rates

I don't think deficits are injurious to economies.... why do you excuse Trump's deficits? Originally Posted by Chung Tran

Because you just said they're not injurious? Why do you need an "excuse" if you think they're harmless?

BAAAHAHAHAHAHA!!

I don't think deficits are injurious to economies. Originally Posted by Chung Tran

that I disgree....

having a huge deficit affects everything we do here.

there's this thing called inflation.... and that is tied to overspending.

that I disgree....

having a huge deficit affects everything we do here.

there's this thing called inflation.... and that is tied to overspending. Originally Posted by dilbert firestorm

pay no attention to chungster. one minute he's saying deficits don't matter and the next he's demanding everyone defend Congressional budgets that Trump signed.


either he's senile or trolling. or both. oh and he thinks Obama rescued the economy too.


BAHHAHAHAAAAA

Numb nuts...for apple to apple , you compare the nearest years. Which is Obama's last admin vs Trumps 1rst.
Only a dumbass void of economics would go to a recession started in another administration and want to compare it to present day. Originally Posted by WTF

+1000

Bush43 and Dick Cheney left Obama with the steepest recession since the Great Depression of 1929. Most of the banks had lost all of their money on credit default swaps and other high risk, high reward transactions that went south. Lehman Brothers and Bear Stearns were Wall street investment banks both ranked in the top 10 in world, went bankrupt and no longer exist.

+1000

Bush43 and Dick Cheney left Obama with the steepest recession since the Great Depression of 1929. Most of the banks had lost all of their money on credit default swaps and other high risk, high reward transactions that went south. Lehman Brothers and Bear Stearns were Wall street investment banks both ranked in the top 10 in world, went bankrupt and no longer exist. Originally Posted by adav8s28

Please share your obvious expertise in the history of the 2008/09 recession by answering a few questions.

What are credit default swaps? Did Bush and Cheney invent them? Which specific banks "lost all of their money" on them? When did Bear Stearns declare bankruptcy?

Thanks in advance!

Please share your obvious expertise in the history of the 2008/09 recession by answering a few questions.

What are credit default swaps? Did Bush and Cheney invent them? Which specific banks "lost all of their money" on them? When did Bear Stearns declare bankruptcy?

Thanks in advance! Originally Posted by lustylad

Do you deny the economy was in a contraction when Ibama took the reins?

Why would any idiot compare that to the economy that Trump took over?

So enough of your distractions.

The Trump and Obama 2nd term economy look similar except that Trump is blowing up the deficits.

What Cheney meant was the public is too stupid to care about deficits. Caring about the deficits cost Bush Sr the 1992 election.

The only time you and other Tea wipe so called conservatives care about deficits is when a Democrat is in office.

That is why I want Democrat in office.

Don't want them controlling the House though. The Senate, yes but not the House.

nope.. you read into the statement. he said a recession would lead to negative rates, but not being in a recession doesn't mean the economy is strong.. unless you think 2.1% growth is strong.
Originally Posted by Chung Tran

According to the eccie repubtards, 2.1% growth is a good number if you are President Trump, it's a slow growth number if you are President Obama. Can you say hypocrite?

When Obama made the statement that 2% growth may be the new norm, he was criticised by the right. Trump numbers are 2.4, 2.9 and 2.3, same as Obama second term. According to the self proclaimed stable genius, we have never had growth like this before.

+1000

Bush43 and Dick Cheney left Obama with the steepest recession since the Great Depression of 1929. Most of the banks had lost all of their money on credit default swaps and other high risk, high reward transactions that went south. Lehman Brothers and Bear Stearns were Wall street investment banks both ranked in the top 10 in world, went bankrupt and no longer exist. Originally Posted by adav8s28

Sorry, but the build up to this is far beyond Bush and Cheney.

Also, if you want to be picky, it was the Dems taking control of both the House and the Senate in 2006 that led to the failed oversight that eventually led to the recession of 2008/2009.

Republican calls for addressing the issue in 2007 were rebuffed by the Dems.

And the actual exit of the recession and finally moving toward economic growth occurred when, and I'll give Obama credit for his foresight here, even though he said the option was so horrendous no one would take it, in the sequester.

Reigning in government spending finally did begin the "Obama" anemic recovery.

Do you deny the economy was in a contraction when Ibama took the reins?

Why would any idiot compare that to the economy that Trump took over? Originally Posted by WTF

Who's "Ibama" and why are you calling Chung Tranny an idiot?

Obama's first 4 years were more economically powerful than Trump's... Originally Posted by Chung Tran

According to the eccie repubtards, 2.1% growth is a good number if you are President Trump, it's a slow growth number if you are President Obama. Can you say hypocrite?

When Obama made the statement that 2% growth may be the new norm, he was criticised by the right. Trump numbers are 2.4, 2.9 and 2.3, same as Obama second term. According to the self proclaimed stable genius, we have never had growth like this before. Originally Posted by adav8s28

lustyLaffer was so sure Trump would get 3% GDP growth he posted Steven Moore's crap about how great the tax cuts would stimulate the economy!

Can't get him to talk about that now though...

Who's "Ibama" and why are you calling Chung Tranny an idiot? Originally Posted by lustylad

You such an idiot, you don't even know when you're being called one!

You wanna bet that 3% GDP growth number?

You such an idiot, you don't even know when you're being called one! Originally Posted by WTF

You're such an idiot, you can't even persuade your fellow libtard chung tranny that deficits matter and how to compare apples to oranges!!

According to the eccie repubtards, 2.1% growth is a good number if you are President Trump, it's a slow growth number if you are President Obama. Can you say hypocrite? Originally Posted by adav8s28

2.1% was the annualized growth rate for Q4, not the full year 2019. Find me a quote where anyone called it a "good number".

When Obama made the statement that 2% growth may be the new norm, he was criticised by the right. Trump numbers are 2.4, 2.9 and 2.3, same as Obama second term. Originally Posted by adav8s28

Not the same. Two of the four years of odumbo's second term saw sub-2% growth.

Are you going to answer my questions in post #65? Inquiring minds are eager to benefit from your obvious expertise on the subject!

Reigning in government spending finally did begin the "Obama" anemic recovery. Originally Posted by eccielover

Point well taken, but it's spelled "reining" not "reigning".

Please share your obvious expertise in the history of the 2008/09 recession by answering a few questions.

What are credit default swaps? Did Bush and Cheney invent them? Which specific banks "lost all of their money" on them? When did Bear Stearns declare bankruptcy?

Thanks in advance! Originally Posted by lustylad

1. CDS, it's like insurance against default of a mortgage. (Default being the catastrophic event). The banks had 62 trillion dollars worth before the financial crisis of 2008 and about 26 trillion after the crisis. (You already knew that, right?).
2. Bush and Cheney did not invent them, they were invented by Chase bank, i believe.
3. The link for the 1000 "troubled assets" that got 600 plus billion dollars from President Obama has already been posted. Most of the troubled assets were Banks. Don't forget Hank Paulson who worked for Bush wanted to give the Banks 700 plus billion in 4th quarter 2008. The banks had stopped making loans with each other.
4. Bear Stearns was going bankrupt. They could not meet payroll or pay the electric bill. They were bailed out by J.P. Morgan for 2 dollars per share before they could file for bankruptcy. Most of my sentence was correct, Bear Stearns no longer EXISTS.

Any other questions?