Despite the enthusiasm pushing the stock market higher right now, this is interesting: Every “Unified Republican Government” Ever Has Led to a Financial Crash
Despite the enthusiasm pushing the stock market higher right now, this is interesting: Every “Unified Republican Government” Ever Has Led to a Financial Crash
Greed isn't new. Hard to say if it is any worse now than it was 20 years, 100 years, or 2000 years ago. They could conduct a pole, but the greedy are probably not likely to respond honestly.[emoji1]
That said, it seems that a lot of what we saw in companies and banks that caused the 2008 recession was A LOT of greedy and dishonest executives. So Obama bailed them out... that taught 'em a lesson, huh?[emoji1]
Congress bailed them out. Not the president. If the decision wasn't agreed upon with congress then they wouldn't have been bailed out.
It was a Democrat congress and Obama pulled the strings.
The Dot Com bubble bursting hurt ME the most .. and that was a Democrat president (albeit with a Rep congress).
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.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
... And you know this to be a fact? How can anyone know??? Crystal ball??? Time travel??? Palm reader???[emoji1]Without the bailouts the economy would have collapsed...
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.
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]
...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...
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]
Despite the enthusiasm pushing the stock market higher right now, this is interesting: Every “Unified Republican Government” Ever Has Led to a Financial Crash
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.
Deregulation of the financial industry is a historically consistent bipartisan Congressional screwing.
I think you're over-emoticated.
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.