Hey Dummy! It's the economy and Obama built it you idiot

[zigbee]

https://www.foxnews.com/opinion/trumps-e...arry-elder

Conservatives are so stupid.

[AkronBuck]

Mark Cuban....So Funny...= Goon

[ScarletHayes]

How anyone ever took Obama as possibly good for this nation is beyond me.  How anyone voted for him is beyond even that.  Fanatical Marxist street agitator pushing for a path toward single payer, and adults with functioning brains were all cool with it?  

What happened to my country?

I used to mock baby boomers for what they brought us, now I figuratively weep as they all begin to slowly leave us.  When that generation is gone we are likely ###### for at least another generation--at minimum.  When Millennials take the wheel?  Wow.  Just WOW.

[lrrps21]

How anyone ever took Obama as possibly good for this nation is beyond me.  How anyone voted for him is beyond even that.  Fanatical Marxist street agitator pushing for a path toward single payer, and adults with functioning brains were all cool with it?  

What happened to my country?

I used to mock baby boomers for what they brought us, now I figuratively weep as they all begin to slowly leave us.  When that generation is gone we are likely ###### for at least another generation--at minimum.  When Millennials take the wheel?  Wow.  Just WOW.

Low I.Q. types. I had a colored dude actually tell me Trump's ruining Ozero's economy. I asked him to explain the difference between micro and macro. He looked at me as if I was the 'po po'. Dumb as a box of mud. Yet, he was certain.

I'll be laughing in Singapore when the millennials take the wheel. Heck, I'm looking forward to it.

[ScarletHayes]

Do you plan on converting your dollars into something else?  

Anyway, not sure I would look at the US crumbling as some movie to be enjoyed on the big screen from afar.  This is more like the Hindenburg, and unfortunately itâ€s probably gonna set everyone else on fire right along with it

[Soupcity Kid]

Yes I hear a lot of libs saying this is Obama's economy.  I shut them up with one question.  Which policy of his was most effective?   Boy they stfu and call me some kind "ist".

[lrrps21]

Do you plan on converting your dollars into something else?  

Anyway, not sure I would look at the US crumbling as some movie to be enjoyed on the big screen from afar.  This is more like the Hindenburg, and unfortunately itâ€s probably gonna set everyone else on fire right along with it

My money has been in offshore accounts since 1986. I have coin in Italian, Kuwaiti, Luxembourg, Thai, Japanese, and Isle of Man banks. When I'm in Singapore I'll use USD. 

I watched the US rot/crumble around me for decades. It crashing won't affect me. I planned for it a long time ago.

[Alabuckeye]

Idly curious how the rest of the world goes if the us crashes.

[lrrps21]

[lrrps21]

[attachment=101]

[zigbee]

Idly curious how the rest of the world goes if the us crashes.

They go too.  US is the rock of the financial world in terms of selling debt and producing a place for investment.   Each state would have to handle it independently as the federal government would become unstable and reorganize.  There is too much business and industry for this to ruin the world.

A sudden dollar collapse would create global economic turmoil. Investors would rush to other currencies, such as the euro, or other assets, such as gold and commodities. Demand for Treasurys would plummet, and interest rates would rise. U.S. import prices would skyrocket, causing inflation.

[zigbee]

Most sound banking nation is Canada.

Most sound financial  nations?

• Finland.
  
  
• Canada.
  
  
• New Zealand.
  
  
• Australia.
  
  
• Chile.
  
  
• Singapore.
  
  
• Hong Kong.
  
  
• Norway.
  

[dunefan]

Idly curious how the rest of the world goes if the us crashes.

The world will follow US into whatever hole we create.  They are all dependent on the US for virtually everything.

[zigbee]

Trump campaign fires back after Obama claims credit for economic boom

Reaction from Peter Morici, University of Maryland business professor and former chief economist for the U.S. International Trade Commission.
The Trump campaign fired back Monday after former President Barack Obama, in a subtle swipe at President Trump, claimed credit for the economic gains in both their terms.
Obama tweeted Monday morning to note the anniversary of his signing the 2009 economic stimulus package.
“Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history,” Obama tweeted, alongside a photo of his signature on the bill.

[/url]Barack Obama

✔@BarackObama





Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history.



447K
10:46 AM - Feb 17, 2020
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[url=https://twitter.com/BarackObama/status/1229432034650722304]



But the Trump campaign, in a statement to Fox News, countered that the economy is only recovering because of the actions Trump took to undo his predecessor's policies.
“President Trump reversed every single failed Obama-era economic policy, and with it, reversed the floundering Obama/Biden economy,” Trump campaign national press secretary Kayleigh McEnany said. “Obama and Biden orchestrated the worst economic recovery in modern history.”
She added: “By contrast, though, deregulating, lowering taxes, and supporting free-market policies, President Trump has created the hottest economy on record, with unemployment hitting generational lows and all-time lows for African Americans, Hispanics, the disabled, veterans and many other hard-working Americans.”
“Paychecks are growing at the fastest pace in a decade and twice as fast for low- and middle-income Americans,” she continued. “Itâ€s no wonder Democrats seek to take credit for the Trump economy after eight years of betraying blue-collar workers and inflicting pain upon the middle class as Americans everywhere suffered. But the failed days of Democrat stagnation are over, and the soaring Trump economy is here to stay.”
Obama and his allies have long touted the impact of the $787 billion economic stimulus package, also known as the American Recovery and Reinvestment Act. The measure was passed and signed in February 2009 — about 14 months after the recession began in December 2007 and about eight months before the national unemployment rate peaked at 10 percent in October 2009.
The stimulus package was controversial at the time considering the size and scope of it, and its impact remains a matter of dispute. Obama officials, though, routinely credited the legislation with helping set the economy back on track following the historic recession, and claim it established the groundwork for economic gains under Trump.
Under the Obama administration, the unemployment rate fell steadily after reaching a high of 10 percent early in his first term, but it has continued to fall under Trump. The unemployment rate is currently at the lowest it's been in the last 50 years. 
TRUMP ECONOMY, THREE YEARS IN: WHAT THE NUMBERS SAY
Meanwhile, the stock market has surged under Trump. According to a Fox Business analysis, the stock market grew 31 percent in the 807 trading days before Trump's election, but grew by 56 percent in the 807 trading days after it, up through the third anniversary of Trump's inauguration this January.
Also under the Trump administration, workers' wages rose, but according to the Fox Business analysis, had been rising slightly faster prior to Trump's first term.

[BoyGenius]

The US crumbling? Call when the USD LIBOR (rate) is obsolete.