It’s simple math, my friend. How to grow an economy. I guess I grow my business with QE. If I gave it to a Republican, he’d fuck it up. LOL
Essential Economics for Politicians
- Thread starter Bruddah IZ
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- finance too
You’re so bummed that you’re now trying to invent things about me?
Did you know that debt is debt and an asset is an asset? Did you know that you frequently use debt to purchase an asset? Didn’t you use the example of a credit line? Or a fixed loan? That’s debt.
A house is an asset.
It’s not confusing.
To set the record straight, in case you misunderstood me before, I don’t believe that my collateralized debt is an asset. It’s just debt.
Bruddah IZ
DA
Just when I think you’ve learned something you type the above. Your home value dropped thanks to Powell. You had no control over that. That is how collateralized debt works.
Bruddah IZ
DA
Bush did TARP, and Obama upped him big time with 6 straight years of QE to nearly double the debt and preserve TBTF.
Bruddah IZ
DA
why do you ask?
1. I don't know who Powell is and 2. My home values haven't dropped.
Sheriff Joe
DA
Just can't make this stuff up.
Federal Reserve · Chairman
Jerome Powell
William Martin was the longest serving chair, holding the position from 1951 to 1970. The current Chairman is Jerome Powell , who was sworn in on February 5, 2018. [3] [4] [5] [6] He was nominated to the position by President Donald Trump on November 2, 2017, and was later confirmed by the Senate.
Chair of the Federal Reserve - Wikipedia
en.wikipedia.org/wiki/Chairman_of_the_Federal_Reserve
Obama Debt?
G.W. Bush’s temporary tax cuts being made permanent, increased Social Security and Medicare spending as more Baby Boomers retire and become 65 years old and the Afghanistan and Iraq wars - that was all Obama's doing?
What the numbers show is that the total debt increased the most at 184% over 8 years and at the fastest rate under President Reagan at almost 14% per year. In fact, the three Republican presidents had the fastest growing debt on a yearly basis.
Reagan
- Started Presidency: $965 billion
- Ended Presidency: $2.74 trillion
- Increased 184% or 13.9% per year
- Started Presidency: $2.74 trillion
- Ended Presidency: $4.23 trillion
- Increased 54% or 11.5% per year (only in office for four years)
- Started Presidency: $4.23 trillion
- Ended Presidency: $5.77 trillion
- Increased 36% or 4.0% per year
- Started Presidency: $5.77 trillion
- Ended Presidency: $11.1 trillion
- Increased 93% or 8.5% per year
- Started Presidency: $11.1 trillion
- Ended Presidency: $19.85 trillion
- Increased 78% or 7.5% per year
Source: https://fred.stlouisfed.org/series/GFDEBTN
Bruddah IZ
DA
1. Not surprised. 2. Sucker
Bruddah IZ
DA
Remember what happened the last time I parsed your data source? This is gonna be fun.
Sheriff Joe
DA
Fake News Booty.
I’m at least happy that you agreed with my comment about how much more the economy has grown under Dems than GOP the last 30 years or so.
I remember you stating that Obama's deficit was over $1 trillion every year - but you couldn't provide a source for that because as usual you were just talking out of your ass. I'm not sure what is fun about that.
You're not a numbers guy are you......
The debt can go away with the " Swipe " of a pen......( Or a " Key " punch ...)
Hüsker Dü
DA
diz won't let his own disingenuousness, lies nor ignorance slow him down . . . if he did he'd still be sitting on a Pearl City curb crying about getting his lunch money taken by a couple island girls.
Bruddah IZ
DA
You remember incorrectly. I said Bush was the first to have a trillion dollar deficit. Obama had the next four trillion dollar deficits for a total of 9 trillion in debt when he left office. Divide that by 8 years or 2 terms and you come up with what Fries U grads don’t get. Besides, you posted the link to show that very thing bootsie. Do you yet know the difference between debt and deficits?
Hüsker Dü
DA
Liar.
Bruddah IZ
DA
Show me
Bruddah IZ
DA
15 Years After the Iraq Invasion, What Are the Costs?
Americans spend $32 million per hour on wars started during the Bush administration.
First, the economic costs: According to estimates by the Costs of War project at Brown University’s Watson Institute for International and Public Affairs, the war on terror has cost Americans a staggering $5.6 trillion since 2001, when the U.S. invaded Afghanistan.
$5.6 trillion. This figure includes not just the Pentagon’s war fund, but also future obligations such as social services for an ever-growing number of post-9/11 veterans.
It’s hard for most of us to even begin to grasp such an enormous number.
Since 2001, every American taxpayer has spent almost $24,000 on the wars — equal to the average down payment on a house, a new Honda Accord, or a year at a public university.
As stupefying as those numbers are, the budgetary costs pale in comparison with the human toll.
As of 2015, when the Costs of War project made its latest tallies, up to 165,000 Iraqi civilians had died as a direct consequence of U.S. war, plus around 8,000 U.S. soldiers and military contractors in Iraq.
Those numbers have only continued to rise. Up to 6,000 civilians were killed by U.S.-led strikes in Iraq and Syria in 2017 –– more civilians than in any previous year, according to the watchdog group AirWars.
In addition to those direct deaths, at least four times as many people in Iraq have died from the side effects of war, such as malnutrition, environmental degradation, and deteriorated infrastructure.
https://fpif.org/15-years-after-the-iraq-invasion-what-are-the-costs/
GW Bush - what a fucking asshole!
Americans spend $32 million per hour on wars started during the Bush administration.
First, the economic costs: According to estimates by the Costs of War project at Brown University’s Watson Institute for International and Public Affairs, the war on terror has cost Americans a staggering $5.6 trillion since 2001, when the U.S. invaded Afghanistan.
$5.6 trillion. This figure includes not just the Pentagon’s war fund, but also future obligations such as social services for an ever-growing number of post-9/11 veterans.
It’s hard for most of us to even begin to grasp such an enormous number.
Since 2001, every American taxpayer has spent almost $24,000 on the wars — equal to the average down payment on a house, a new Honda Accord, or a year at a public university.
As stupefying as those numbers are, the budgetary costs pale in comparison with the human toll.
As of 2015, when the Costs of War project made its latest tallies, up to 165,000 Iraqi civilians had died as a direct consequence of U.S. war, plus around 8,000 U.S. soldiers and military contractors in Iraq.
Those numbers have only continued to rise. Up to 6,000 civilians were killed by U.S.-led strikes in Iraq and Syria in 2017 –– more civilians than in any previous year, according to the watchdog group AirWars.
In addition to those direct deaths, at least four times as many people in Iraq have died from the side effects of war, such as malnutrition, environmental degradation, and deteriorated infrastructure.
https://fpif.org/15-years-after-the-iraq-invasion-what-are-the-costs/
GW Bush - what a fucking asshole!
Izzy you are pathetic, here's what you said "Sorry pal Obama ran over a trillion every year he was in office." Are you lying or are you ignorant?
Actually, what you say above is not even true. Care to provide a source for any of your latest round if wrong numbers?