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.
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.
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.
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.
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.
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!
Comments
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.
@haie
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.