You got to be shitting me.....Were 20 trillion in debt....Nobody better than the Trump dream team to get it started paid back so my great great great grandkids dont have to pay for the mistakes of my generation...ointer: Don't kid yourself shit stain joe, you are looking at a historic presidency....WORST EVER.
Now you've got to be shitting me. I get you are a drumph supporter (sad) but you seriously need to pull your head out of your ass. Nobody better to reduce our debt? Have you seen his budget proposal? It is estimated it will add 3-5 trillion to the debt. Further it does nothing to address the main drivers of the U.S.’s long-term debt, which is caused by the growing costs of Medicaid, Medicare and Social Security. Add to that the stupid wall, increased defense spending and you have all the makings of continue growth of debt.
Little Donnie and his team are obviously in way in over their heads on nearly every issue that has been presented and the budget is no different.
Fewer regulations and the pro business rhetoric is helping, as we all know (or should know anyhow) increasing regulations and an anti-business policies created a decade of economic malaise
From "your jobs are not coming back" and "you didn't build that" and "government is your solution" to "we will bring your jobs back" to rekindling the entrepreneurial spirit to government regulations are a problem, there are is obvious change is direction out of DC. If we ever get relief from a crippling Obamacare that's both killing people and jobs and if we ever get tax relief, we'll have the roaring 20's II.
Consumer and business confidence alone can fuel economic growth, putting more money in their pockets to spend will make it go boom.
From "your jobs are not coming back" and "you didn't build that" and "government is your solution" to "we will bring your jobs back" to rekindling the entrepreneurial spirit to government regulations are a problem, there are is obvious change is direction out of DC. If we ever get relief from a crippling Obamacare that's both killing people and jobs and if we ever get tax relief, we'll have the roaring 20's II.
Consumer and business confidence alone can fuel economic growth, putting more money in their pockets to spend will make it go boom.
All this talk Of the DJIA is meaningless.
When President Obama took office on Jan. 20, 2009, the Dow Jones Industrial Average (DJIA)
slumped to 7,949.09, the lowest inaugural performance for the Dow since its creation.
When he left office Jan. 20, 2017 it stood at 19,732.40.
Just by the numbers you would think he was a economic genius.
The DJIA is not a sign of economic strength, jobs growth and income growth and savings growth are far more important
The DOW surged during the Obama years, and we had the worst extended period of economic malaise since the GD. Not one year even reached 3% growth. There's no rainy day fund for far too many families
Anyhow, you don't have to look any farther than the Great Depression for proof the DJIA does not reflect economic growth. The DOW soared 400% during one stretch, grew some 300% from 32 - 40, yet they call it the GREAT DEPRESSION, go figure
Obama owns the current GREAT MALAISE, his hands are all over our economic clusterfuck
I Doubt you will watch this video, which are the hearings that were on CSPAN from 2001-2007 where the Republicans over and over again said that it was a crisis and something was wrong.... yet the Dems blocked every attempt to fix it or look into it.
https://www.youtube.com/watch?v=IyqYY72PeRM
More Blocking
https://www.youtube.com/watch?v=Lr1M1T2Y314
The bush adminstration in 4/2001 raised red flags, the 2002 budget requests declares Fannie Mae and Freddie Mac
"Potential problem.. and can cause strong repercussions in the financial markets"
In 2003 the White House upgraded the warning to a systemic risk that could spread beyond the housing sector.
John Snow Treasury Secretary called for Regulations & Supervision of GSE's.
Barney Frank (D-MA) denied there was any problem " Fannie Mac & Freddie Mare are not in Crisis"
Encouraging the government to do more to get low income families into homes, Ultimately blocking the regulation.
Allan Greenspan , 2/17/2005 spoke about the dangers of Fannie Mae & Freddie Mac "enabling these institutions to
increase in size -and they will once the crisis in their judgement passes-we are placing the total financial system of
the future at a substantial risk
Charles Schumer (D-NY) 4/6/2005 ..."I think Fannie & Freddie have done an incredibly good job, and are an intristic
part of making america the best housed people in the world....if you look over the last 20 or whatever yrs. Theyve
done a very, very good job.
McCain (R-AZ) 5/25/2006 For years I have been concerned about the regulatory structure that governs Fannie Mae & Freddie Mac...
and there sheer magnitude of these companies and the role they play in the housing market...the GSE's need to be reformed without delay."
That bill ( FEDERAL HOUSING ENTERPRISE REGULATORY REFORM ACT) made it out of the senate banking committee with a party line vote all the democrats voted against it.
Senator Obama did not weigh in on the bill
https://www.youtube.com/watch?v=LPSDnGMzIdo
"Potential problem.. and can cause strong repercussions in the financial markets"
In 2003 the White House upgraded the warning to a systemic risk that could spread beyond the housing sector.
John Snow Treasury Secretary called for Regulations & Supervision of GSE's.
Barney Frank (D-MA) denied there was any problem " Fannie Mac & Freddie Mare are not in Crisis"
Encouraging the government to do more to get low income families into homes, Ultimately blocking the regulation.
Allan Greenspan , 2/17/2005 spoke about the dangers of Fannie Mae & Freddie Mac "enabling these institutions to
increase in size -and they will once the crisis in their judgement passes-we are placing the total financial system of
the future at a substantial risk
Charles Schumer (D-NY) 4/6/2005 ..."I think Fannie & Freddie have done an incredibly good job, and are an intristic
part of making america the best housed people in the world....if you look over the last 20 or whatever yrs. Theyve
done a very, very good job.
McCain (R-AZ) 5/25/2006 For years I have been concerned about the regulatory structure that governs Fannie Mae & Freddie Mac...
and there sheer magnitude of these companies and the role they play in the housing market...the GSE's need to be reformed without delay."
That bill ( FEDERAL HOUSING ENTERPRISE REGULATORY REFORM ACT) made it out of the senate banking committee with a party line vote all the democrats voted against it.
Senator Obama did not weigh in on the bill
https://www.youtube.com/watch?v=LPSDnGMzIdo
I'm not arguing the point, just surprised that you are correctly pointing out where regulations/reform should have been enacted and weren't. Typically it's the right blocking and that time the left. Nearly all down here seem to think the elimination of all regulations is the solution and clearly that is not the case and certainly not that simplistic.
