Truesee's Daily Wonder

Truesee presents the weird, wild, wacky and world news of the day.

Monday, July 22, 2013

 

The Obama Years: Hope Sinks

http://www.thedailybeast.com/articles/2013/07/19/hope-isn-t-enough-without-conviction-or-destination-obama-flounders.html


Comments:
8 years that will devastate a nation for 50 years. If not longer.




If we take into account the 8 years before President Obama, then we will have a better prospective. All that has happened to our economy took more than 8 years. There are too many factors that contributed to the economic slow down. There is no one factor that caused it. There is more than enough blame to go around.
Wrong again speedo, the economy went south when the banks lost $800 billion and the Treasury drained itself trying to make up for the losses.
Like I said, there is no right or wrong answer. Do you know what a factor is? Goggle it!
Google $750 billion bail out speedo.
That's another factor. DAH!
"There are too many factors that contributed to the economic slow down. "


“Do not answer a fool according to his folly, lest you also be like him."
Its NOT "a factor" dip wad. The banks lost the money overnight electronically. I was sitting at my computer screen that night and watched the Futures markets go limit down and CLOSE. By the time YOU knew anything about it the next morning the pres. had already committed OUR treasury funds and ordered the fed to drop rates by a point and the markets (and banks) had re-opened. Never mind, just put your head back in the sand dip wad.
“Do not answer a fool according to his folly, lest you also be like him."

It is complex I think the spark was the affordable housing push when anyone and anything could get a mortgage it eventually began to collapse in an economic maelstrom 18 yr toilet flush of the US financial system.
Post a Comment

<< Home

Archives

February 2021   January 2021   December 2020   November 2020   October 2020   September 2020   August 2020   July 2020   June 2020   May 2020   April 2020   March 2020   February 2020   January 2020   December 2019   November 2019   October 2019   September 2019   August 2019   July 2019   June 2019   May 2019   April 2019   March 2019   February 2019   January 2019   December 2018   November 2018   October 2018   September 2018   August 2018   July 2018   June 2018   May 2018   April 2018   March 2018   February 2018   January 2018   December 2017   November 2017   October 2017   September 2017   August 2017   July 2017   June 2017   May 2017   April 2017   March 2017   February 2017   January 2017   December 2016   November 2016   October 2016   September 2016   August 2016   July 2016   June 2016   May 2016   April 2016   March 2016   February 2016   January 2016   December 2015   November 2015   October 2015   September 2015   August 2015   July 2015   June 2015   May 2015   April 2015   March 2015   February 2015   January 2015   December 2014   November 2014   October 2014   September 2014   August 2014   July 2014   June 2014   May 2014   April 2014   March 2014   February 2014   January 2014   December 2013   November 2013   October 2013   September 2013   August 2013   July 2013   June 2013   May 2013   April 2013   March 2013   February 2013   January 2013   December 2012   November 2012   October 2012   September 2012   August 2012   July 2012   June 2012   May 2012   April 2012   March 2012   February 2012   January 2012   December 2011   November 2011   October 2011   September 2011   August 2011   July 2011   June 2011   May 2011   April 2011   March 2011   February 2011   January 2011   December 2010   November 2010   October 2010   September 2010   August 2010   July 2010   June 2010   May 2010   April 2010   March 2010   February 2010   January 2010   December 2009   November 2009   October 2009   September 2009   August 2009   July 2009   June 2009   May 2009   April 2009   March 2009   February 2009   January 2009   December 2008  

Powered by Lottery PostSyndicated RSS FeedSubscribe