Name:	GoneFishin -	Reply
Subject:	Martini...Tell Us The Rest Of The story
Date:	1/8/2019 10:47:45 PM

“Heck, even the Fed realizes how great the economy is under President Trump which is why they are raising rates.  Under Obama they had to continue with QE just to prop up the worst recovery in since the Great Depression.” 

Like Trump, you refuse to post the ALL the facts. While you like to post about the worst recovery since the Great Depression….you fail to tell the rest of the story…namely that the Great Recession was the worst financial crisis in the U.S. since the 1929 Depression. It also was the longest-lasting: from December 2007 to June 2009 and it started under a Republican administration.

Name:	phil -	Reply
Subject:	Martini...Tell Us The Rest Of The story
Date:	1/9/2019 8:54:19 AM

Yup and nothing the preceding president(s)/congress did contributed to the recession.  It is funny you claim that everything good that happens under any administration is because of previous Demonrat administation and everything bad always starts on day 1 of republican control.

http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877322,00.html

Bush may be listed as a contributor along with Alen Greenspan

Clinton set the stage for it - without many of these repeals the housing bust probably would not have happened.

"without Among his biggest strokes of free-wheeling capitalism was the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act, a cornerstone of Depression-era regulation. He also signed the Commodity Futures Modernization Act, which exempted credit-default swaps from regulation. In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods."

Name:	MartiniMan -	Reply
Subject:	Gladly
Date:	1/9/2019 12:26:14 PM

Yes, it started under a Republican President and was caused by the policies of the Democrat party, most especially Slick Willie with the CRA that forced banks to lend to people who should never have gotten loans.  Had this distortion of the free markets by ill-advised govt intervention not occurred, it would have been a normal, run of the mill recession.  Thanks for the opportunity to explain this to you Goofy.

Name:	GoneFishin -	Reply
Subject:	Gladly
Date:	1/9/2019 1:43:59 PM

Next time, just tell it all. Stop cherry picking...a Right Wing trait.

Name:	phil -	Reply
Subject:	Gladly
Date:	1/9/2019 2:13:11 PM

Pot meet kettle.

Name:	MartiniMan -	Reply
Subject:	Asked and answered many times
Date:	1/9/2019 4:18:39 PM

I only repeat myself when it is absolutely necessary, which with liberals is usually always.  Regardless of who was President when it happened, it ought to be obvious to any thinking person with a shred of economic literacy that Obama's policies were the primary cause of the pathetic recovery and it is no coincedence that the policies our current President has pursued unleashed the economic engine.  It's sad really that we had to suffer for so long but elections have consequences. 

Name:	lucky67 -	Reply
Subject:	Martini...Tell Us The Rest Of The story
Date:	1/9/2019 5:19:50 PM

I can testify that slick Willy "ordered" Fannie & Freddie to offer 100 & 125% loans--I was on Fannie advisory board when it came up--I said what ? why ? the answer--on the order of  the President--so Countrywide went wild & good ole jamie Diamond jumped on the wagon--soon they evolved into --NO INCOME_NO QUALIFYING--NO CREDIT -loans--just sign your name & tell us what you make so we can close this loan

Name:	architect -	Reply
Subject:	Other inconvenient truths
Date:	1/9/2019 7:53:37 PM

that MM somehow neglected to mention.

The near complete deregulation of banks and the near abolition of any federal review of banking led by Sen Phil Gramm (R) had a more to do with the financial crisis than the CRA which specifically says that while banks could not refuse a loan to an otherwise qualified applicant due to racial or geographic factors no bank was required to make any loan to an unqualified borrower.  the problem is the Gramm et al deregulation left it up to the banks to determine the requirements of qualification with no federal input.   After dereg the banks fell all over themselves making bad loans.

The ''recovery'' during the last 2 years of the Obama term (job growth, reduction in unemployment rate, reduction in annual budget deficits, and stock market growth) was greater than during Trump's first 2 years.

Just because facts are not acknowledged or believed doen not stop them from being facts!

MM....yet another goose/gander...pot/kettle man!