Is the market collapse BHO's fault?
- Thread starter aflachawk
- Start date
Well since this isn't due to an American economic slowdown, no worries then. Try harder next time.
I suspect it is capitalism's fault if we are assigning blame...since boom and bust is part and parcel of capitalism.
Nope, just like it's not his doing when the economy is doing good. Why the Presidents get any credit in this is beyond me. They practically have no say in it. The only thing they can do is appoint a Fed Chairman, which is already chosen amongst the banking community, and hope that the appointed person isn't a complete deviant.
This is a China based collapse. The domestic numbers are pretty solid for the past couple of months.
1st, there's no collapse.
B, this is a classic "suckers' crash": A "sell-off" to scare people into getting out so that the big players can buy back in for cheap and watch it run up again.
The 2008 collapse was due to a liquidity crisis, did GWB create the liquidity crisis?
You must face a world filled with considerable disappointment if those are your expectations.
Let's blame Hillary. This gets some of the media feeding frenzy off of her email scandal. Wag the dog.
Why do they get credit? Because we Americans like simple answers. We like labels too, because good and evil are easy to discern and require very little thought.
You oppose gay marriage? Bigot
You think taxpayer dollars should be spent to expand food stamp programs? Socialist
See how easy it is?
Pat Robertson thinks it's Obama's fault. God's punishment for supporting abortion rights and funding Planned Parenthood.
http://www.politico.com/story/2015/08/pat-robertson-stock-market-plunge-reaction-121671.html?hp=l6_4
http://www.politico.com/story/2015/08/pat-robertson-stock-market-plunge-reaction-121671.html?hp=l6_4
It really is that easy these days. Despite our advancements, we seem to be less advanced in understanding how anything actually works.
Well, not launching unfunded wars and signing certain legislation can certainly influence the economy, but yeah, the President's influence is more like the type of fuel used to make a car go fast. It can have an impact, but there's a lot of more important things that have a more direct effect on it.
Just a question:
What happened to the Boom this time around? It has not developed ... it's more of a bust followed by (an Obama inspired) muddle along ... and then another bust.
We have not fixed a single problem or causal issue from the last time around ... so anything that happens going forward is absolutely to be blamed on government policy ... and that would be President Obama.
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Still up 200% from the last actual collapse.
Time to buy, folks.
Time to buy, folks.
Barack Hussein Obama and the liberals are much to blame, this constant spending and printing phoney money is the root cause of this. Obama has grown nothing during his 7 years in office. Propping up a phoney economy with the Fed has led to this. China is a miniscule portion of this.
The looney left have steered the country down this path and the chickens have come home to roost.
Your hope and change has arrived comrades.
The looney left have steered the country down this path and the chickens have come home to roost.
Your hope and change has arrived comrades.
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I think it more accurate to think "the rise" was due to the Feds policies...endorsed by the Obama Administration. Obama really did nothing more and nothing less that any other Administration would have done. An "economic slowdown" is the worst thing that can happen for any Administration, Dem or GOPer. Ask Jimmy Carter and ask Bush Senior. Ask any one term POTUS.
The problem though is NOT the American economy...it is the devaluation and slow down of the economy in China. Very little of this has to do with Obama, his Administration or the Fed.
One other event that is being overlooked by almost everyone:
Europe just played a dramatic game of Chicken with Greece ... and Greece won.
This was the one forum out there where there was a possible positive outcome for Capitalism ... and Poof! ... the good guys lost.
Europe just played a dramatic game of Chicken with Greece ... and Greece won.
This was the one forum out there where there was a possible positive outcome for Capitalism ... and Poof! ... the good guys lost.
BS, the Fed has a huge hand in this. This is not being caused solely because of China. This is a worldwide problem.
Pat Robertson?? Is that old coot still drawing breath? His wagon left the reservation (no offense intended to our native-American friends) a long time ago.
