Despite the enthusiasm pushing the stock market higher right now, this is interesting: Every “Unified Republican Government” Ever Has Led to a Financial Crash
Did you see what's new with this presidential election?
- Thread starter MIXMASTERMACHOM
- Start date
The events leading to recessions and crashes usually occur years before the actual crash. In many cases, voters recognize the downward trajectory long before it happens, and vote for change. Most of us have a pretty good sense when the economy is turning sour... we feel it in our everyday lives; long before Washington politicians. Unfortunately, the change never happens quickly enough where BIG government is concerned. It's like turning the QE II around in a kiddie pool.[emoji1]
It's VERY likely to happen again during a Trump administration, I fear. If you watch the polls, recently 74% of Americans think the country is headed in the wrong direction. This is why I think this was a change election. However, we've had 8 years of policy that will be very difficult to reverse... some policies may never be reversible.
We forget the recession the George W. Bush administration experienced early in his first term, which had NOTHING to do with his policies, but you could argue that his reactions to that recession led to the 2008 recession.
There are PLENTY of factors and world events that could very well lead to the greatest financial collapse of all time. I hope not, but it could happen. Will Trump have the time or the wisdom to head it off? I have no clue?[emoji1]
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Bush was the one who started the bailouts Obama took it to the next level. Without the bailouts the economy would have collapsed
Most of the ones that lost in the Dot Com bubble hurt themselves
I lost it in stock options that I could not do anything about. I was given a lot during the run up but couldn't convert any for several years .. once it crashed.
... And you know this to be a fact? How can anyone know??? Crystal ball??? Time travel??? Palm reader???[emoji1]
Advisers gave Bush their advice and he decided to put his faith in those who predicted another Great Depression if he failed to act. It was not the only time Bush betrayed his conservative beliefs. Too bad. I thought he was a good, well intentioned President, but he made some bad choices, especially in some of his cabinet members and advisers. On the other hand, his Energy policies have carried us through the last 8 years. Obama takes the credit, but it was because of George Bush that the US is now an energy exporter.
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Don't we all?
Oops... [emoji1] English is only my second language![emoji1]
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Desperation???[emoji1]
View: https://youtu.be/gbjfRypEEYw
In some states it's a misdemeanor for an elector to defy the will of the electorate in that state. What do you think of these yahoos encouraging electors to commit a crime? This is absolutely crazy!![emoji1] HEROS???[emoji1]
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In some states it's a misdemeanor for an elector to defy the will of the electorate in that state. What do you think of these yahoos encouraging electors to commit a crime? This is absolutely crazy!![emoji1] HEROS???[emoji1]
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That's why I said most. There were cases where some were wholly paid in stock that was worthless
Folks in the know estimate that 1.6 million to 2.6 million jobs direct and indirect were saves by the auto industry bailout. There were many saved by the bank bailout too. The FDIC would have taken a big hit too, up to $250,000 per account that went away when the banks did. Take all that out of the economy it would leave a serious dent
I think all Presidents have good intentions but that's how the road to hell was paved
Sometimes you need to do what you feel is right regardless of the consequences
In the end it's time to let it go. Trump won it's over let him have his 4 years and pick up the pieces when he's done
But it's still a guess... an estimate. An estimate by people with an agenda. I'm skeptical... As I am of the 4.6 unemployment rate.[emoji1]
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I'm a bit of a skeptic too I figure the numbers are skewered by both sides to fit the argument but let's say it was a million or even a half million jobs saved plus all the money from the FDIC that's still a lot of dough
Also, everyone loves to crap on the "bailout." But, you guys realize that the Troubled Asset Relief Program (TARP) was basically an emergency loan system that ended up with a $15.3 billion dollar US Government profit, right?
That program saved two major sections of our economy from MAJOR financial hardship, and they did it by adding liquidity - not by giving away tax payer dollars.
That program saved two major sections of our economy from MAJOR financial hardship, and they did it by adding liquidity - not by giving away tax payer dollars.
Deregulation of the financial industry is a historically consistent bipartisan Congressional screwing.
It's not profit when a government recovers the same depreciated dollar it prints. The value of leverage exceed the value of the current monetary supply - worldwide.
This is what deregulation does - it turns finance and banking in to a craps table we call: 'complex financial instruments.'
I'm not sure that's a particularly accurate statement right now. Dodd Frank is far from perfect but the Democrats are far from trying to deregulate. On the other hand... Trump Targets 70% Reduction of Business Regulations
There's a lot of things that drive the stock market of course. But it seems that the promise of deregulation is certainly part of that right now. And to your point, it has been one of the leading causes of historical bubbles that burst.
THEY ASSULTED CHACHI!!!!
No, no, no... say it isn't so. Not Chachi!!!
Scott Baio Claims Physical Attack by Chili Pepper's Wife Over Trump
Nancy Mack, who's married to Red Hot Chili Peppers drummer Chad Smith, ALLEGEDLY attacked Chachi because of his support of Donald Trump. He filed a police report, and according to Chachi, she repeately screamed "Grab 'em by the pussy." during the assult. Curiously, Mack grabbed Chachi under his arms and then started shaking and pushing him. I guess she didn't know exactly where Chachi's "pussy" was!
OK... I don't know why I find this story SO hillarious!... I just do. But it's really pretty creepy in SO many ways!
PLEASE!!!...STOP THE CRAZINESS!!
I fear Mike Seaver (Kirk Cameron) is their next victim!!!
No, no, no... say it isn't so. Not Chachi!!!
Scott Baio Claims Physical Attack by Chili Pepper's Wife Over Trump
Nancy Mack, who's married to Red Hot Chili Peppers drummer Chad Smith, ALLEGEDLY attacked Chachi because of his support of Donald Trump. He filed a police report, and according to Chachi, she repeately screamed "Grab 'em by the pussy." during the assult. Curiously, Mack grabbed Chachi under his arms and then started shaking and pushing him. I guess she didn't know exactly where Chachi's "pussy" was!
OK... I don't know why I find this story SO hillarious!
... I just do. But it's really pretty creepy in SO many ways!PLEASE!!!...STOP THE CRAZINESS!!
I fear Mike Seaver (Kirk Cameron) is their next victim!!!
I think you're over-emoticated.
Ya think???... Maybe so...[emoji1]... But you can't make this stuff up![emoji1]... Well, unless you're CNN, then everything you report you make up![emoji1]
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Try not to confuse what a political party says with what they actually do. It's not enough to read the label.