How are those 401ks?
Comments
-
Obama did a great job rescuing the economy from total collapse. The economic crisis was real. This idea that 2008 was the golden age of American society and Obama ruined it when he came in is laughable to say the least.
The 0 interest rates were justified from 2008-2012. After that period, they should have began ramping those up, which eventually they started to try. Of course, when they continued to ramp up during President Trump's time, he decided to pressure Powell to lower them back down….to the long term detriment of the country.
Wanna blame someone for inflation? Some of it is Janet Yellen but Jerome Powell, the Trump appointee, should bear the brunt of the blame.
-
The cock sucking in here sounds like a Hoover vacuum sucking a sofa.
-
Bro, seriously, go take a basic accounting class and come back to me when you understand what a "Profit" is and how they get to that number. You guys tried to dismiss corporate greed as one of the reasons for inflation, I simply asked why are you dismissing it, its a legit point. Its definately a contributing factor….and how you guys don't simply understand the mathematics (or do understand it, but ignore it) is mind boggling.
Some real geniuses on this board.
-
Would love a history lesson into what Obama did to rescue the economy.
-
Well Bob, to keep it simple it started with the stimulus which kicked off the longest period of growth in US history. Conservatives at the time told me you couldn't spend your way out of a recession. He did it.
Trumps best year of job growth in the "awesome" economy that guys gave him was 2.314 million in 2018. Obama beat that in each of his last 3 years. From where Obama started and to where he ended, I think generally could be classified as a success.
-
Is your mom in here again or something? She sounds just like what you described.
-
That didn't address what I said and you're too stupid to understand that
You did point out how Biden has made Putin rich with his Ukraine bullshit
Sit on that grenade boy
-
Atta boy way to deflect yet again when you can’t answer the first question I gave you. Focus!! (Slaps race upside the head!)
-
You're too stupid to breathe
-
Buckies boy
-
My understanding is that social security and Medicare are programs that could be revisited, that’s what I heard the other day.
Solid platform in an election year.
-
You can't handle the truth.
They are unsustainable. Everyone knows it
like buck I'll still get mine
And young folks could get a better system
All you have is selling fear and hating Trump
And a veggie candidate
-
This your boy mello?
-
Oh the days of a $97k cap.
-
He's gotta be too young to have had to actually deal with the fallout of 2008. Early 30's and probably never lived through a real recession. His first should be fun.
-
thanks. Always fun to hear the rewrites 15 years later.
-
I don’t believe I’ve given any evidence to suggest that it is.
-
Bop boop wheeeee beep boop Rainman.
-
For those of us that lived Obama's economy and didn't just study it after the fact, one of the biggest issues was that the banks borrowed at 0% and just shoved it right into US treasuries at a ~3.5% risk free yield. Capital was deployed almost exclusively to the government to fund Obama's miracle stimulus package that basically returned nothing in reality. Once interest rates spread tightened up to 10 year yields (basically in 2017), banks needed to deploy more in the private sector in order to get a return.
-
I woke up one morning a new Chase customer with my WaMu credit line canceled on my house that had a shit ton of equity still
The company had to pay a premium for money. Construction runs on a float. Subcontractors bank for the GC and have to borrow until they get paid
Real world stuff
-
God you're an asshole. So if you don't like Inflation, you automatically love Deflation. What a dick.
STFU. You're making all the ducks you hate look like geniuses here, asshole.
-
It’s the same script as if you aren’t for mindlessly pouring billions into Ukraine you are pro Putin. If you aren’t for lockdowns and vaccines for 6 year olds you want to kill grandma.
-
Hey guys just watched Rocky IV. While Rocky battled the commies and eventually knocked out Drago in the 15th round, you guys would have thrown in the towel in round 2.
Thats your version of America!
-
So Bob….did the economy collapse or not? Because we were shedding 600,000 jobs a month prior to Obama taking office. What was that number at the end of his term?
I say that number justifies Obama’s actions, you guys just don’t like giving him credit.
-
Fuck off
-
It took him 4 years to get back to even on jobs vs what he inherited. Obama's economy was slow and weak for the reasons I mentioned previously. Yes he didn't crash it though, good job on that I suppose.
-
BOY THATS WEIRD. I say something on this board, and an article gets written on it weeks later. Its like I understand the business world. Weird!!!
https://www.fastcompany.com/91033491/microsoft-most-innovative-companies-2024#:~:text=The%20company%27s%20efforts%20to%20turn,including%20Microsoft%20365%20and%20Windows.
-
The economy was still crashing for the first part of his first term. Again, 600,000 jobs per month were being shed. Unemployment reached 10.2. Yes, it takes some time to reverse huge trends like that. Its ok to give some credit every now and then, it won't hurt you!
-
Zero credit available. Destroying the economy.
-
