How The Fed Is Setting Up Trump For 3 Financial Disasters

Most Americans do not understand this, but the truth is that the Federal Reserve has far more power over the U.S. economy than anyone else does, and that includes Donald Trump.  Politicians tend to get the credit or the blame for how the economy is performing, but in reality it is an unelected, unaccountable panel of central bankers that is running the show, and until something is done about the Fed our long-term economic problems will never be fixed.  For an extended analysis of this point, please see this article.  In this piece, I am going to explain why the Federal Reserve is currently setting the stage for a recession, a new housing crisis and a stock market crash, and if those things happen unfortunately it will be Donald Trump that will primarily get the blame.

On Wednesday, the Federal Reserve is expected to hike interest rates, and there is even the possibility that they will call for an acceleration of future rate hikes

Economists generally believe the central bank’s median estimate will continue to call for three quarter-point rate increases both this year and in 2018. But there’s some risk that gets pushed to four as inflation nears the Fed’s annual 2% target and business confidence keeps juicing markets in anticipation of President Trump’s plan to cut taxes and regulations.

During the Obama years, the Federal Reserve pushed interest rates all the way to the floor, and this artificially boosted the economy.  In a recent article, Gail Tverberg explained how this works…

With falling interest rates, monthly payments can be lower, even if prices of homes and cars rise. Thus, more people can afford homes and cars, and factories are less expensive to build. The whole economy is boosted by increased “demand” (really increased affordability) for high-priced goods, thanks to the lower monthly payments.

Asset prices, such as home prices and farm prices, can rise because the reduced interest rate for debt makes them more affordable to more buyers. Assets that people already own tend to inflate, making them feel richer. In fact, owners of assets such as homes can borrow part of the increased equity, giving them more spendable income for other things. This is part of what happened leading up to the financial crash of 2008.

But the opposite is also true.

When interest rates rise, borrowing money becomes more expensive and economic activity slows down.

For the Federal Reserve to raise interest rates right now is absolutely insane.  According to the Federal Reserve Bank of Atlanta’s most recent projection, GDP growth for the first quarter of 2017 is supposed to be an anemic 1.2 percent.  Personally, it wouldn’t surprise me at all if we actually ended up with a negative number for the first quarter.

As Donald Trump has explained in detail, the U.S. economy is a complete mess right now, and we are teetering on the brink of a new recession.

So why in the world would the Fed raise rates unless they wanted to hurt Donald Trump?

Raising rates also threatens to bring on a new housing crisis.  Interest rates were raised prior to the subprime mortgage meltdown in 2007 and 2008, and now we could see history repeat itself.  When rates go higher, it becomes significantly more difficult for families to afford mortgage payments

The rate on a 30-year fixed mortgage reached its all-time low in November 2012, at just 3.31%. As of this week, it was 4.21%, and by the end of 2018, it could go as high as 5.5%, forecasts Matthew Pointon, a property economist for Capital Economics.

He points out that for a homeowner with a $250,000 mortgage fixed at 3.8%, annual payments are $14,000. If that homeowner moved to a similarly-priced home but had a 5.5% rate, their annual payments would rise by $3,000 a year, to $17,000.

Of course stock investors do not like rising rates at all either.  Stocks tend to rise in low rate environments such as we have had for the past several years, and they tend to fall in high rate environments.

And according to CNBC, a “coming stock market correction” could be just around the corner…

Investors are in for a rude awakening about a coming stock market correction — most just don’t know it yet. No one knows when the crash will come or what will cause it — and no one can. But what’s worse for most investors is they have no clue how much they stand to lose when it inevitably happens.

“If you look at the market historically, we have had, on average, a crash about every eight to 10 years, and essentially the average loss is about 42 percent,” said Kendrick Wakeman, CEO of financial technology and investment analytics firm FinMason.

If stocks start to fall, how low could they ultimately go?

One technical analyst that has a stunning record of predicting short-term stock market declines in recent years is saying that the Dow could potentially drop “by more than 6,000 points to 14,800″

But if the technical stars collide, as one chartist predicts, the blue-chip gauge could soon plunge by more than 6,000 points to 14,800. That’s nearly 30% lower, based on Friday’s close.

Sandy Jadeja, chief market strategist at Master Trading Strategies, claims several predicted stock market crashes to his name — all of them called days, or even weeks, in advance. (He told CNBC viewers, for example, that the August 2015 “Flash Crash” was coming 18 days before it hit.) He’s also made prescient calls on gold and crude oil.

And he’s extremely concerned about what this year could bring for investors. “The timeline is rapidly approaching” for the next potential Dow meltdown, said Jadeja, who shares his techniques via workshops and seminars.

Most big stock market crashes tend to happen in the fall, and that is what I portray in my novel, but the truth is that they can literally happen at any time.  If you have not seen my recent rant about how ridiculously overvalued stocks are at this moment in history, you can find it right here.  Whether you want to call it a “crash”, a “correction”, or something else, the truth is that a major downturn is coming for stocks and the only question is when it will strike.

And when things start to get bad, most of the blame will be dumped on Trump, but it won’t primarily be his fault.

It was the Federal Reserve that created this massive financial bubble, and they will also be responsible for popping it.  Hopefully we can get the American people to understand how these things really work so that accountability for what is coming can be placed where it belongs.

Photo By Dan SmithRdsmith4 CC-BY-SA-2.5, via Wikimedia Commons

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  • daniel1154

    According to a study of exit poll results almost 100% of welfare recipients and felons voted for Hillary Clinton. Even a 10 year old knows Trump won Michigan, Wisconsin, Ohio and Pennsylvania because of working class voters.

  • daniel1154

    He comes off a lot better than the Senate Democrats who treated him so badly. The way Democrats are acting is a disgrace, and the American people hate them for it. They may never win another election.

  • JohnDille

    ACCORDING TO A STUDY OF EXIT POLL RESULTS, THE AVERAGE TRUMP VOTER EARNED BETWEEN 25 TO 40% MORE… DEPENDING ON THE LOCATION… THAN THE AVERAGE DEMOCRATIC VOTER. WHICH MEANS THAT TRUMP SUPPORTERS ARE JUST A BUNCH OF SPOILED WHINEY RICH KIDS!!! AT THE OTHER END OF THE SCALE… PEOPLE ON WELFARE DO NOT VOTE!!! HIGH INCOME PEOPLE VOTE ARE LEAST 2 TO 3 TIMES MORE LIKELY TO VOTE THAN LOW INCOME PEOPLE. LOW INCOME PEOPLE HAVE NO ONE TO VOTE FOR… THEY WANT JOBS… AND REPUBLICANS REFUSE TO CREATE JOBS… OR TO PAY THEM FOR THEIR WORK IF THEY DO HAVE JOBS. AND MOST DEMOCRATS ARE IN NO POSITION TO GIVE ANYONE JOBS… SINCE RICH REPUBLICANS TOTALLY OWN AND CONTROL THE UNITED STATES!!! ALL OF WHICH YOU WOULD KNOW, IF YOU WERE AN HONEST AND WELL INFORMED AMERICAN. BUT SINCE YOU ARE JUST A STUPID REPUBLICAN RUMP KISSER, YOU KNOW NOTHING!!!

  • JohnDille

    GORSUCH IS ANTHONY SCALIA WITH A SMILEY FACE. HITLER WOULD LOVE THE GUY!!! JUST LIKE YOU DO!!! SPEAKING OF SMILEY FACE… EVERY TIME I SEE GORSUCH… I INSTANTLY THINK OF THE GUY WHO USED TO HOST THE FUNNY VIDEO SHOW… WHATEVER THAT WAS CALLED!!! THOSE TWO MUST BE TWIN BROTHERS… SEPARATED AT BIRTH OR SOMETHING!!!

  • daniel1154

    Are the Democrats really going to be stupid enough to fillibuster Gorsuch and further show what extreme left wing bigots that they are? Even a majority of Democrats want the Democrat party to stop the nonesense and work with the President. During this past week we have learned that Neil Gorsuch is entirely qualified for the Supreme Court, and he is personable, likable, and much smarter than most of the Senators who interviewed him, particularly Democrats like Leahy who tried to derail him. Are the Democrats stupid enough to continue implode as a party within?

  • JohnDille

    THE WASHINGTOM EXAMINER IS OWNED AND EDITED AND PUBLICAHED BY EXTREME RIGHT WINGERS… AND ALL THEY EVER PUBLISH IS FAKE NEWS AND RUSSIAN PROPAGANDA… OR IS IT KOCH BROTHER PROPAGANDA??? HARD TO TELL THE DIFFERENCE!!! BUT YOU OBVIOUSLY EAT IT RIGHT UP… TOTALLY FAKE… OR JUST TOTALLY TWISTED AND DISTORTED!!!

  • daniel1154

    Then how come Trump and the Republicans get working class votes, and the Democrats just get the votes of the filthy rich and the welfare class?

  • daniel1154

    By 2020 Trump will have made America great again, and the Democrat party will still be refusing to accept election results.

  • daniel1154

    CNN, who fed debate questions in advance to Hillary Clinton, is the epicenter of fake news.

  • daniel1154

    It’s you communists who have busted up the family and replaced the father in the household with Government.

  • daniel1154

    It is consistent with the defeat of socialism world wide. That is one reason you guys hate Reagan so much. He defeated your beloved communist friends.

  • daniel1154

    Democrats invented fake news. The whole Russian election interference is fake news, as was the women they brought forth during the campaign to accuse Trump of things he never did.

  • daniel1154

    Yet the Democrats refuse to accept the results of democratic elections when they lose, and flail around like spoiled babies instead. No wonder they are no longer a national party.

  • JohnDille

    FREEDOM COMES FROM DEMOCRATICLY ELECTED GOVERNMET, WHICH IS POWERFUL ENOUGHT TO KEEP PREDATORY RICH REPUBLICANS UNDER CONTROL, SO ALL THE REST OF US CAN LIVE OUR LIVES THE WAY WE WANT TO LIVE THEM! YOU REPUBLICANS ARE SLAVE MASTERS AND DICTATORS… WHICH IS WHY YOU HATE GOVERNMENT SO MUCH!!! GOVERNMENT KEEPS YOU FROM ENSLAVING ALL OF US WORKING PEOPLE, AND FROM ROBBING US BLIND… AND BOY OH BOY OH BOY, RICH AND POWERFUL REPUBLICANS… AND THEIR BRAIN DEAD PUPPETS LIKE YOU… HATE THAT WITH A PASSION!!! YOU ARE A PATHETIC RICH REPUBLICAN REAR END KISSER… AND NOTHING MORE!

  • JohnDille

    I AM NOT A REPUBLICAN… SO I AM NOT A FAN OF FAKE NEWS AND TOTAL LIES, LIKE YOU SO OBVIOUSLY ARE!

  • JohnDille

    I ALMOST NEVER WATCH FOX NEWS OR LISTEN TO RIGHT WING MEDIA… OR RUSSIAN TELEVISION! THOSE MEDIA ARE NOTHING BUT FAKE NEWS… AND LIES AND RIGHT WING BALONEY! BUT OBVIOUSLY YOU EAT THEIR RIGHT WING PROPAGANDA UP… AND BELIEVE EVERY WORD OF THAT GARBAGE!

  • JohnDille

    THE REPUBLICAN PARTY HAS BEEN GETTING STRONGER FOR THE LAST 50 YEARS… THANKS TO THE MASSIVE FUNDING FROM RIGHT WING BILLIONAIRES WHO HATE AMERICA!!!

  • JohnDille

    CIVILIZATION IS SOCIALISM… AND SO ARE ALL HEALTHY FAMILY UNITS!!! YOU ARE OPPOSED TO FAMILIES AND CIVILIZATIONS???

  • JohnDille

    BY 2020, THERE WILL NO LONGER BE AN AMERICA.IF TRUMP AND HIS REPUBLICAN AND RUSSIAN ALLIES HAVE THEIR WAY!!!

  • JohnDille

    Donald Trump is far from being the only anti worker Republican working to drive down wages and to effectively enslave American workers… and thereby, workers all over the world. In The One Percent Solution, Lafer traces the workings of the country’s largest corporate lobbies as they have promoted anti-union and anti-worker legislation across all fifty states legislatures in the years since Citizens United. Lafer shows how corporate strategies have been shaped by twenty-first-century conditions—including globalization, economic decline, and the populism reflected in the 2016 presidential election—and how the corporate agenda is coming to endanger the scope of democracy itself.

    Joining Lafer in discussing how progressives are pushing back on corporate-financed efforts to shape labor and economic policies on the state level is U.S. Rep. Rosa DeLauro, Dianne Stewart of the Economic Policy Institute and Christian Dorsey, Board Supervisor for Arlington County, VA.

  • daniel1154

    It was reported many places, but you refuse to believe the truth. You live in your own biased world.

  • daniel1154

    Freedom comes from God, and left wingers hate God and Religion. That is why they hate freedom. The left worships Government which takes away freedoms.

  • daniel1154

    You repeat fake news all the time here Dillie.

  • daniel1154

    That was the quote. Democrats are hypocrits, along with being anti-american.

  • JohnDille

    IT WOULD BE INTERESTING TO SEE WHAT THE ACTUAL QUOTE WAS… BEFORE SOME RIGHT WINGER TWISTED SHUMERS WORDS INTO KNOTS, AND TOOK THEM TOTALLY OUT OF CONTEXT!!! WHICH IS WHAT YOU RIGHT WINGERS DO ON A ROUTINE BASIS!!! SHUMER WAS NOT SPEAING IN OPPOSITION TO ANY SUPREME COURT PICK, BECAUSE AT THAT TIME, THERE WAS NO SUPREME COURT VACANCY!!!

  • JohnDille

    I AM NOT A REPUBLICAN… SO I AM NOT A FAN OF FAKE NEWS AND TOTAL LIES, LIKE YOU SO OBVIOUSLY ARE!!!

  • JohnDille

    CIVILIZATION IS THE SUPPRESSION OF FREEDOMS THAT RICH AND POWERFUL THUGS TAKE FOR GRANTED… WHICH IS WHY YOU RIGHT WINGERS HATE CIVILIZATION… AND THE GOVERNMENTS THAT MAKE CIVILIZATION POSSIBLE!!!

  • JohnDille

    THE WASHINGTON XAMINER IS A BLATANTLY RIGHT WING MEDIA OUTLET, AND ONLY RIGHT WING PUPPETS WOULD BOTHER EVEN READING THAT RUSSIAN SPONSORED GARBAGE!!! ON TOP OF THAT, THE NUMBERS ARE TOTALLY BS!!! TRUMP AND REPUBNLICANS CLEARLY OUSPENT CLINTON AND DEMOCRATS AT LEAST 5 OR 7 OR 7 TO 1… IF YOU INCLUDE ALL THE FREE MEDIA COVERAGE THAT TRUMP GOT… AND ALL THE DARK MONEY THAT FLOWS INTO REPUBLICAN CAUSES BY THE BILLIONS! IF YOU WERE EVEN REMOTELY CAPBABLE OF BEING HONEST, YOU WOULD ALREADY KNOW ABOUT ALL OF THAT!!!

  • daniel1154

    In the words of Chuck Schumer, from July 26, 2007:

    “the Senate should not confirm another U.S. Supreme Court nominee under President Bush “except in extraordinary circumstances.”

    “We should reverse the presumption of confirmation,” Schumer told the American Constitution Society convention in Washington. “The Supreme Court is dangerously out of balance. We cannot afford to see Justice Stevens replaced by another Roberts, or Justice Ginsburg by another Alito.”

  • daniel1154

    From the Washington Examiner:

    Anti-Trump media: 91% coverage negative, 96% of donations to Hillary

    With the coverage of President Trump putting media bias on display as never before, an influential House chairman and longtime press critic has opened a campaign to call out the “mainstream media” for what he thinks it is.

    “The media and Democrats are so close in association and so close in their philosophical views that we might as well use one word to describe both, and that’s ‘Mediacrats,'” said Texas Rep. Lamar Smith, founder of the House Media Fairness Caucus.

    Smith, chairman of the House Science, Space and Technology Committee, has often been on the receiving end of the media’s anti-conservative bias, but he said the attacks on Trump have led him to urge colleagues to stop referring to the “mainstream” media.

  • JohnDille

    TRUMP GOT MORE THAN A BILLION DOLLARS WORTH OF FREE TELEVISION AND MEDIA TIME…. GIVEN TO HIM… ILLIEGALLY… BY ALL THE REPUBLICAN OWNED MEDIA THAT KEEPS AMERICANS TOTALLY BRAIN WASHED! THAT FREE MEDIA TIME WAS 5 TIMES THE MONEY THAT CLINTON USED TO TRY TO GET HERSELF ELECTED! AND ALL OF THAT FREE MEDIA TIME THAT TRUMP GOT… DOES NOT EVEN INCLUDE ALL THE WELL HIDDEN MONIES SPENT ON GETTING TRUMP ELECTED BY THE RUSSIANS AND FAR RIGHT OUTFITS LIKE THE KOOK BROTHERS!!! COUNT ALL OF THAT… AND TRUMP OUTSPENT CLINTON BY AT LEAST 7 OR 8 TO 1!!! AND STILL HE LOST… EXCEPT THAT THE SLAVE OWNERS SYSTEM GOT HIM ELECTED… TOTALLY UNFAIRL;Y!!!

  • JohnDille

    WHY ARE YOU LYING??? NO PRESIDENT IN HISTORY HAS FAILED TO NAME… AND HAVE CONFIRMED… A SUPREME COURT JUSTICE, WHEN THE OPPORTUNITY TO NAME ONE AROSE…. UNTIL REPUBLICANS BLOCKED OBAMA’S PICK… FOR ALMOST AN ENTIRE YEAR!!! AND YOU DEFEND REPUBLICAN OBSTRUCTIONS AND TREASONS???? WHAT A HYPOCRITE YOU ARE!!! BUT THEN, YOU ARE A REPUBLICAN… SO HYPOCRISY AND LYING COMES STANDARD WITH YOU TRAITORS AND AMERICA HATERS, DOES IT NOT???

  • daniel1154

    The way you are headed, you are going to see 2020 in a mental ward. The Trump election really finished you off mentally.

  • daniel1154

    Is this from one of your fake news sources?

  • daniel1154

    You really do fall for fake news, don’t you Dillie?

  • daniel1154

    You are an old, bitter, and defeated man Dillie. “Not my President”. How small. How pitiful.

  • daniel1154

    Clinton outspent Trump 2-1 with money illeagally raised from foreign governments, banks, goldman sachs, and rich Democrat bag holders. The Democrat party was rejected because it is hostile to working people.

  • daniel1154

    Civilization is freedom, something you socialists are opposed to.

  • daniel1154

    Standard procedure when a President is a lame duck. Most other Presidents were decent enough to leave the pick for the incoming President.

  • JohnDille

    HE IS NOT MY PRESIDENT!!! HE IS THE PRESIDENT OF ALL THE TRAITORS AND AMERICA HATERS AND ALL THE BRAIN WASHED RIGHT WING PUPPETS OUT THERE WHO VOTED FOR HIM! A SOLID MAJORITY OF AMERICANS VOTED FOR SOMEONE ELSE… AND LARGE NUMBERS OF THOSE FOLKS… MYSELF INCLUDED… WILL NEVER SEE TRUMP AS THE LEGITIMATE PRESIDENT OF THE UNITED STATES!!! NEVER!!! AND FORTUNATELY… WE WILL NOT HAVE TO EVEN THINK OF HIM AS PRESIDENT FOR LONG! REPUBLICANS WILL SOON IMPEACH TRUMP… TO KEEP HIS CRIMES AND TREASONS AND STUPIDITY FROM DRAGGING SOEN THE WHOLE REPUBLICAN PARTY!!! AREN’T YOU JUST SO PROUD TO BE SUPPORTIVE OF A TRAITOR AND CRIMINAL AND TOTAL SELF CENTERED MORON???

  • JohnDille

    Jay Clayton is a creature of the biggest banks on Wall Street. The New York Times called him an “insider’s insider.”

    In just the past 5 years, 4 of Clayton’s clients have been charged with breaking SEC rules. Amazingly – stunningly – that same Jay Clayton is Donald Trump’s choice for Chair of the SEC, the main regulator charged with policing Wall Street.

    When the economy was melting down in 2008, Jay Clayton was hard at work – but not helping struggling families.

    Jay Clayton was working as Goldman Sachs’s bailout lawyer. He helped secure $10 billion in federal bailout funds for the super-bank, while millions of Americans were served foreclosure notices.

    Trump ran a campaign bashing financial elites. His closing TV ad flashed an image of Goldman Sachs’ CEO on the screen as Trump decried a “failed and corrupt political establishment.”

    But now, Clayton would add to the 5 Goldman Sachs bankers Trump has already installed in his administration. Donald Trump is not just in the pocket of Wall Street… he has become the biggest politician ever to become a tool of Wall Street

  • JohnDille

    Jay Clayton is a creature of the biggest banks on Wall Street. The New York Times called him an “insider’s insider.”

    In just the past 5 years, 4 of Clayton’s clients have been charged with breaking SEC rules. Amazingly – stunningly – that same Jay Clayton is Donald Trump’s choice for Chair of the SEC, the main regulator charged with policing Wall Street.

    When the economy was melting down in 2008, Jay Clayton was hard at work – but not helping struggling families.

    Jay Clayton was working as Goldman Sachs’s bailout lawyer. He helped secure $10 billion in federal bailout funds for the super-bank, while millions of Americans were served foreclosure notices.

    Trump ran a campaign bashing financial elites. His closing TV ad flashed an image of Goldman Sachs’ CEO on the screen as Trump decried a “failed and corrupt political establishment.”

    But now, Clayton would add to the 5 Goldman Sachs bankers Trump has already installed in his administration. Donald Trump is not just in the pocket of Wall Street… he has become the biggest politician ever to become a tool of Wall Street…. by his own choosing!!!

  • JohnDille

    BY 2020, THERE WILL NO LONGER BE AN AMERICA.IF TRUMP AND HIS REPUBLICAN AND RUSSIAN ALLIES HAVE THEIR WAY!!! .OR… THERE WILL NO LONGER BE A REPUBLICAN PARTY FOR DEMOCRATS TO RUN AGAINST, SO WARREN WILL BE A SHOO IN!!! THEN… LIKE DEMOCRATS ALWAYS HAVE TO DO… SHE WILL SPEND HER NEXT 8 YEARS CLEANING UP TRUMP’S HUGE MESS! ASSUMING TRUMP’S MESS IS NOT ALL HIGHLY RADIOACTIVE, THAT IS!!!

  • JohnDille

    OLBAMA PICKED A VERY WELL QUALIFIED JUDGE TO THE SUPREME COURT… ALMOST A YEAR AGO!!! WHATEVER HAPPENED TO HIM??? OH YEAH… REPUBLICAS BLOCKED HIS HEARINGS AND HIS CONFIRMATION… TOTALLY ON IDEALOGICAL GROUNDS! JUST LIKE THEY BLOCKED ALMOST 4,000 OBAMA APPOINTEES…. YEAH… ALMOST 4,000!!! REPUBLICANS ARE JUST SO FAIR AND TRUE BLUE AMERICANS…. NOT!

  • JohnDille

    CIVILIZATION IS SOCIALISM… AND SO ARE ALL HEALTHY FAMILY UNITS!!! YOU ARE OPPOSED TO FAMILIES AND CIVILIZATIONS???

  • JohnDille

    YAAAAAWN!!!! RICH REPUBLICAN HAVE BOUGHT CONTROL OF THE GOVERNMENT…. AGAIN!!! THAT NEVER LASTS LONG!!!

  • daniel1154

    Democrats will lose in 2020 also, when they nominate that mean, angry crackpot Elizabeth Warren for President. It may be the end of the Democrat party.

  • daniel1154

    Democrats never respect the right of Republican Presidents to appoint qualifies Supreme court justices, and they always oppose them on idealogical grounds. Republicans however only judge them on qualifications, and not idealogy. Democrats are just plain dirty.

  • daniel1154

    No one would say that about the Republican party because it is at an all time position of strength. The Democrats are irrelevant because they act like they are irrelevant.

  • JohnDille

    THE SENATE RUNS IN A VERY PREDICTABLE CYCLE… 2 OF 3 ELECTION YEARS FOR SENATORS ALWAYS LEAN REPUBLICAN, AND ONE IS ALWAYS BIG FOR REPUBLICANS. ON TOP OF THAT… REPUBLICANS ARE NOW GETTING MORE FINANCIAL AND OTHER KINDS OF HELP FROM THEIR SUPER RICH SUPPORTERS… AND NOW FROM THE RUSSIANS… SO 2018 SHOULD GO BIG FOR REPUBLICANS IN THE SENATE, AS THEIR BRAIN WASHED PUPPETS RUBBER STAMP THE WISHES OF THEIR BILLIONAIRE MASTERS!!! MEANWHILE, TRUMP WILL BE IMPEACHED…. BY REPUBLICANS… TO MAKE SURE THE ENTIRE REPUBLICAN PARTY DOES NOT GO DOWN THE TUBES WITH TRUMP! RICH REPUBLICANS WILL BE VERY HAPPY WITH ALL OF THIS…. STUPID REPUBLICANS… THAT IS… MOST REPUBLICANS… WILL BE BLAMING DEMOCRATS FOR THE TRUMP BLUNDERS AND SCREW UPS. AND DANIEL… ONE OF THE BIGGEST PUPPETS ON THE PLANET… WILL BE SINGING… I TOLD YOU SO… EVEN WHILE REPUBLICANS CONTINUE TO ROB HIM BLIND IN DOZENS OF MOSTLY INVISIBLE WAYS!!!

  • daniel1154

    Correct me if I am wrong, but Donald Trump is President.

  • daniel1154

    In 2018 Dems to lose 8 – 10 Senate seats.

    From the Washington Post:

    The 2018 Senate map just keeps getting better for Republicans
    By Chris Cillizza January 3

    Sen. Dean Heller (R) announced that he would run for reelection rather than seek the open governorship in 2018. But it was a big deal — not just in Nevada, where Heller is now an early favorite to win, but on a national level where the map (and math) just keeps getting better for Senate Republicans.

    Heller was the only one of the eight Republicans up for reelection in 2018 that is in a state that Hillary Clinton won in the 2016 presidential race. Of the other seven states where Republicans are expected to seek reelection, only two — Arizona (Donald Trump +4) and Texas (Trump +9) — were single-digit winning margins for the president-elect. The remaining five states — Mississippi (Trump +18.6), Nebraska (Trump +26), Tennessee (Trump +26), Utah (Trump +18) and Wyoming (Trump +57.6) — are among the most Republican in the country, meaning that even if there was a surprise retirement (Orrin Hatch in Utah, at age 84, for example), it would be almost impossible for Democrats to seriously compete.

    By contrast, 10 Democratic senators are running for reelection in states Trump carried last November. Trump won half of those states — Indiana, Missouri, Montana, North Dakota and West Virginia — by double digits. That means that 20 percent of all Democratic seats up in 2018 are in states Trump won by double digits and 40 percent are in states that the president-elect carried last November.

    It’s not just that Democrats have so many vulnerabilities. It’s that Republicans have so few.

  • JohnDille

    SO… NOW YOU ARE TERRIFIED THAT MILLIONS OF PEOPLE WHO VOTED FOR TRUMP…. NOW WANT TO GET RID OF HIM??? WAIT ANOTHER 18 MONTHS… AND THEY WILL BE RUNNING REPUBLICANS OUT OF OFFICE ALL OVER THE USA… AND TRUMP WILL HAVE BEEN IMPEACHED BY THEN… OR WILL BE IN THE PROCESS OF BEING IMPEACJHED!!! REPUBLICANS WILL THROW TRUMP UNDER THE BUS, TO AVOID GETTING SWEPT TOTALLY OUT OF POWER!!! NO DOUBT, YOU WILL HAVE A DEEP DESIRE TO SHOOT YOURSELF BECAUSE OF YOUR DEEP SHAME AND EMBARASSMENT… BUT DON’T DO THAT… CYANIDE WOULD BE FAR LESS MESSY!!! HAVE SOME CONSIDERATION FOR THOSE WHO HAVE TO CLEAN UP YOUR MESS!!!

  • JohnDille

    TRUMP LOST!!! GET OVER IT!!! THE AMERICAN PEOPLE HAVE SPOKEN… LOUDLY AND CLEARLY!!! WE DO NOT WANT AN IGNORANT WHITE SUPREMACIST BUFFOON TO BE OUR PRESIDENT! YEAH… THE ELECTORAL COLLEGE OVER RULED THE MAJORITY OF AMERICANS… BUT WHAT WOULD YOU EXPECT FROM A SYSTEM THAT WAS DESIGNED BY RICH SLAVE OWNERS TO PROTECT THEIR BEST INTERESTS FROM REAL DEMOCRACY??? SO NOW… WILL DEMOCRATS KISS UP TO TRUMP AND WORK WITH HIM TO DESTROY THE UNITED STATES??? HADES NO!!! REAL AMERICANS WILL FIGHT TRUMP AND HIS BILLIONAIRE ALLIES AND BRAIN DEAD PUPPET SUPPORTERS, TOOTH AND NAIL… AND IN THE END, WE WILL BRING TRUMP AND HIS STUPID POLICES DOWN!!! OR ALLOW HIS ACTIONS TO SPLIT AND WEAKEN THE REPUBLICAN PARTY!!! GREEDY SELFISH ARROGANT SELF CENTERED REPUBLICANS ARE REALLY GOOD AT SELF DESTRUCTION!!!

  • JohnDille

    MILLIONS WOULD SAY THE EXACT SAME THING ABOUT THE REPUBLIVAN PARTY… SO WHAT WAS YOUR POINT???

  • JohnDille

    The Nation just reported that during his time at the DOJ, Trump’s Supreme Court nominee Neil Gorsuch was chummy with — and encouraged the work of — a lawyer there named Hans von Spakovsky.

    It’s very possible that there is not a single person in the United States of America who has done more to suppress voters than Hans von Spakovsky.

    In the Bush DOJ he led the gutting of the Civil Rights Division’s voting rights protection work and its misguided focus on the non-existent problem of mass ‘voter fraud.’ He’s been the right-wing movement’s chief champion of voter suppression policies like strict voter ID laws and has, more aggressively than anyone, promoted myths about rampant illegal voting as a rationale for those policies. David Koch himself has donated at least 7 million dollars to von Spakovsky’s operations, “in appreciation for his good and effective work on voter fraud initiatives.”

    Recently, von Spakovsky has attacked the Voting Rights Act, applauded Donald Trump’s call for an investigation into the president’s own conspiracy theory about millions of illegal voters in 2016, and celebrated Trump’s nomination of Judge Neil Goruch.

    As The Nation’s Ari Berman writes:

    Given that von Spakovsky hailed Gorsuch as “the perfect pick for Trump,” it’s safe to assume he believes that the Supreme Court nominee shares his views. The Senate needs to aggressively question Gorsuch to see if that’s the case.

    Berman concludes: “the fate of voting rights in the US hangs on this nomination.”

    With the damage already done to voting rights by Roberts Court’s last right-wing majority, our democracy can ill afford the addition of a Supreme Court justice even further to the right of Scalia — who himself blamed the Voting Rights Act for what he called the “perpetuation of racial entitlement.”

  • daniel1154

    Sanders slams the sinking Democrat party:

    Sen. Bernie Sanders (I., Vt.) implied in a recent interview that the Democratic Party is like the ill-fated Titanic, adding that some Democrats want to go along with the “status quo” and sink with the ship.

    “Certainly there are some people in the Democratic Party who want to maintain the status quo,” Sanders told the New York TimesMagazine when asked “if he thought the Democratic Party knew what it stood for.”

    “They would rather go down with the Titanic so long as they have first-class seats,” Sanders continued…

  • daniel1154

    Democrats are less popular than Trump, the GOP, and even the media. The way they have acted portends for further disaster for the Democrat party, which his on it’s last legs.

    ’Disaster’ poll shows Democrats less popular than Trump, GOP or media’

    President Donald Trump may tweet too much, but his approval ratings are higher than those of the media and the opposition Democrats, according to a USA Today/Suffolk University Poll. The results are ringing alarm bells among some liberals.

  • daniel1154

    Yes. Unlike the Clinton’s who use the government positions entrusted to them in violation of the law to line their pockets with money at the expense of the public trust, the Koch’s make money honestly and use it for good charitable purposes.

  • JohnDille

    SO… THE KOCHS ACTUALLY DO SOMETHING USEFUL WITH THEIR MONEY… FOR ONCE… THEN THEY WRITE IT OFF THEIR TAXES, THUS DUMPING MORE THAN 40% OF THAT COST ONTO THE FEDERAL AND STATE GOVERNMENTS!!! AND WE SHOULD APPLAUD THEIR TAX DODGE??? THAT HOSPITAL WAS PROBABLY A MENTAL INSTITUTION FOR DISILLUSIONED RIGHT WING PUPPETS LIKE YOURSELF… SO MAYBE THEY DID THE RIGHT THING! SOMETHING NEEDS TO BE DONE TO DEAL WITH MENTAL BASKET CASES LIKE YOU!!!

  • JohnDille

    YOU SURE ARE DESPERATE TO GET SOME TOTAL STRANGER TO BELIEVE ALL THE BALONEY YOU HEAR ON FOX NEWS 20 HOURS A DAY!!! CAN IT BE THAT YOU ARE ACTUIALLY TERRIFIED THAT YOU WILL BE WRONG… AND THAT REAL AMERICANS WILL BE RUNNING THIS NATION 2 YEARS FROM NOW… THANKS TO TOTAL DISGUST WITH DONALD TRUMP AND HIS FELLOW RICH REPUBLICAN PUPPETS???

  • daniel1154

    Dillie. It’s only going to get worse for you man. People saw the Democrat party in action under Obama and they couldn’t wait to throw them out of power. Now with the way Democrats are acting, like spoiled little kids that didn’t get their way, they are going to sink lower if that is possible.

    You never answered me Dillie. What do you think of a majority of the American people, and even a majority of Democrats, thinking Democrats should work with President Trump rather than oppose him?

  • JohnDille

    YOU KEEP SAYING THE SAME THING…. OVER AND OVER AND OVER AGAIN!!! CAN’T YOU THINK OF ANYTHING ORIGINAL TO SAY??? MAYBE IF YOU ACTUALLY READ WHAT OTHERS POST, YOU COULD EXPLAIN WHY YOU AGREE OR DISAGREE… USING YOUR OWN ORIGINAL THOUGHTS… INSTEAD OF JUST REPEATING ALL OF THAT RIGHT WING FOX NEWS OR BRIETBART OR RUSH LIMBAUGH TYPE BLATHER!!!

  • daniel1154

    Dillie. You are desperate man.

  • daniel1154

    The Koch’s gave 100 million dollars to a hospital and the Dems criticised them for it.

  • daniel1154

    Dillie. Can’t you produce original thoughts? You have gone off the ledge man.

  • daniel1154

    As for your points.

    1. Good. We need less government.

    2. You saying it is a fact does not make it so.

    3. So what?

    4. But a lot more than either Sanders or Obama. Not that that is a good thing, but it shows what hypocrits Democrats are.

    5. Nothing wrong with taking advantage of laws that benefit you, and deny the Government funds that the Democrats use to buy votes with. Good for him.

    6. Disputes happen in business all of the time. If people do not do the work as they are contracted to do, they should not be paid.

    7. If you are concerned about scams look into Clinton and Laureate University, Solyndra, and the Clinton foundation.

    8. We have a problem with North Korea because they slapped Obama around at will, as did other countries such as Russia.

    You seem to be envious of people who are successful and make money, except for the Clintons who sold influence and robbed the taxpayers.

  • daniel1154

    As for your points.

    1. Good. We need less government.

    2. You saying it is a fact does not make it so.

    3. So what?

    4. But a lot more than either Sanders or Obama. Not that that is a good thing, but it shows what hypocrits Democrats are.

    5. Nothing wrong with taking advantage of laws that benefit you, and deny the Government funds that the Democrats use to buy votes with. Good for him.

    6. Disputes happen in business all of the time. If people do not do the work as they are contracted to do, they should not be paid.

    7. If you are concerned about scams look into Clinton and Laureate University, Solyndra, and the Clinton foundation.

    8. We have a problem with North Korea because they slapped Obama around at will, as did other countries such as Russia.

    You seem to be envious of people who are successful and make money, except for the Clintons who sold influence and robbed the taxpayers.

  • KR

    You seem to have adopted Trump’s strategy well, grasshopper. ;-). YOUR replies are largely more opinion than fact, so you decide to hurl that accusation at me to take the focus off the truth of that about you. I provided direct links to fact checks that reference fact, not opinion. Among those facts:

    1. The Consumer Financial Protection Bureau currently exists due to Obama regs and is targeted for dismantling by Trump and the Republicans.

    2. The 27 million who benefited from having key funds restored to them due to Obama regs is a demonstrated fact.

    3. The 2005 Trump return was definitely a required return to be presented for Melania’s citizenship process.

    4. Even in 2005 Trump did pay a lower percent of taxes than either I or many of my friends.

    5. Trump actually boasted during the debates about the nearly 1 billion dollar multi-year tax deduction he claimed due to his casino failure.

    6. The small businesses stiffed by Trump on construction subcontracts came forward long before the election. Some fought him, others succumbed to his legal bullying.

    7. I didn’t even mention Trump’s total scam Trump University where he conned largely middle class folks out of hard earned money for bogus courses (the same way he conned many who voted for him based on his countless lies). Even though he claims to “never settle” in that case he, of course, had to settle to the tune of $25M, including $1M in penalties for violating NY state education laws. Of course, in true rigged-system fashion (which Trump wants more of not less btw), Forbes reports that his settlement is highly likely to be tax deductible (except for the state penalty).

    8. And now, of course, while damaging our China diplomatic ties Trump has his billionaire Exxon “Sec’y of State” posturing for war with North Korea (OK, the quotation marks, at least, do represent my opinion, otherwise factual).

    Those are just a few facts covered in prior posts and a couple added. You, on the other hand, have virtually none to cite. Just the fallacy, already debunked, of key people in Obama’s admin being from Goldman Sachs, I including Geithner (who was always in public service, and never at GS), or your totally unsubstantiated vague opinion rant regarding a “crony capitalism scheme” (where are your facts for THAT? There are none.).

    But do be a good Trump-bot and ignore all itemized facts and come back with something school-yard bully pithy like “No YOU have no facts, so THERE”.

  • JohnDille

    If you offered anything more than your opinions you may be worthy of being taken seriously. But then again, if you actually offered facts rather than opinions you wouldn’t just be a RIGHT WING PUPPET AND TOTALLY BRAIN WASHED RIGHT WING TOOL!!!

  • JohnDille

    With his brother Charles, who is seventy-four, David Koch owns virtually all of Koch Industries, a conglomerate, headquartered in Wichita, Kansas, whose annual
    revenues are estimated to be a hundred billion dollars.
    The Kochs vastly outdid ExxonMobil in giving money to organizations fighting legislation related to climate change, underwriting a huge network of foundations, think tanks, and
    political front groups. Indeed, the brothers have funded opposition campaigns against so many Obama Administration policies—from health-care reform to the
    economic-stimulus program—that, in political circles, their ideological network is known as the Kochtopus.
    Charles Lewis, the founder of the Center for Public Integrity, a nonpartisan watchdog group, said, “The Kochs are on a whole different level. There’s no one else who has spent this much money. The sheer dimension of it is what sets them apart. They have a pattern of lawbreaking, political manipulation, and obfuscation. I’ve been in Washington since Watergate, and I’ve never seen anything like it. They are the Standard Oil of our times.”
    On this occasion the audience was roused not by a dance performance but by a series of speakers denouncing
    President Barack Obama. Peggy Venable, the organizer of the summit, warned that Administration officials “have a socialist vision for this country.”

    Five hundred people attended the summit, which served, in part, as a training session for Tea Party activists in Texas “Today, the voices of average Americans are being drowned out by lobbyists and special interests,” it said. “But you can do something about it.” The pitch made no mention of its corporate funders. The White House has expressed frustration that such sponsors have largely eluded public notice. David Axelrod, Obama’s senior adviser, said, “What
    they don’t say is that this is a grassroots citizens’ movement brought to you by a bunch of oil billionaires.
    The anti-government fervor infusing the 2010 elections represents a political triumph for the Kochs. By giving money to “educate,” fund, and organize Tea Party protesters, they have helped turn their private agenda into a mass movement.” The Republican campaign consultant said of the family’s political activities, “To call them under the radar is an understatement. They are underground!”

    Another former Koch adviser said, “They’re smart. This right-wing, redneck stuff works for them. They see this as a way to get things done without getting dirty themselves.” Rob Stein, a Democratic political strategist who has studied the conservative movement’s finances, said that the Kochs are “at the epicenter of the anti-Obama movement. But it’s not just about Obama. They would have done the same to Hillary Clinton. They did the same with Bill Clinton. They are out to destroy progressivism.”
    Oddly enough, the fiercely capitalist Koch family owes part of its fortune to Joseph Stalin. Fred Koch was the son of a Dutch printer who settled in Texas and ran a weekly newspaper. Fred attended M.I.T., where he earned a degree in chemical engineering. In 1927, he invented a more efficient process for converting oil into gasoline, but, according to family lore, America’s major oil companies regarded him as a threat and shut him out of the industry.
    Unable to succeed at home, Koch found work in the Soviet Union. In the nineteen-thirties, his company trained Bolshevik engineers and helped Stalin’s regime set up
    fifteen modern oil refineries.
    DANIEL THE COMMUNIST PUPPET, BRAIN WASHED BY THE KOCH BROTHERS AND THEIR VAST RIGHT WING ANTI AMERICAN HATE MACHINE!!!

  • JohnDille

    I ALWAYS WIPE WELL AFTER TAKING A DUMP… BUT THAT DOES NOT MEAN THAT I LIKE DOING THAT!!!

  • JohnDille

    WHY ARE YOU LYING??? EVEN MOST REPUBLICANS WILL ADMIT THAT BILL CLINTON HELPED CREATE A BOOMING ECONOMY… AND OVER 26 MILLION NEW JOBS… AND A BALANCED FEDERAL BUDGET… 3 YEARS IN A ROW!!! AND THAT WAS AFTER SHRINKING THE BUDGET DEFICITS THAT HE INHERERITED FROM REAGAN AND BUSH SENIOR… 5 YEARS IN A ROW!!!

  • daniel1154

    It is because socialism is being rejected world wide, and the Democrat party is nothing but the Communist party USA.

  • daniel1154

    Dillie. You must really like what I write since you just repeat it.

  • daniel1154

    Clinton proposed deficits as far as the eye could see until Gingrich and the Republicans took control and balanced the budget against Clintons wishes. Then Clinton sought to take credit for it. What a worthless dolt Clinton was, in addition to being crooked.

  • daniel1154

    Dillie. I think this latest election pushed you over the edge. When the Dems lose 8 – 10 Senate seats in the next election you are going to be ready for a padded room. Stop ruining your mental and physical health over the disintigration of the Democrat party. They are not worth a warm bucket of spit let alone getting upset and ruining your life about.

  • JohnDille

    THE REPUBLICAN PARTY HAS BEEN GETTING STRONGER FOR THE LAST 50 YEARS… THANKS TO THE MASSIVE FUNDING FROM RIGHT WING BILLIONAIRES WHO HATE AMERICA…. AND WHO DESPISE USEFUL IDIOTS AND BRAIN WASHED PUPPETS LIKE YOU!!!

  • JohnDille

    WHY WOULD I NEED TO??? ALL I HAVE TO DO IS TO LOOK UP THE ACTUAL FACTS, AND I CAN REFUTE YOUR CHILDISH BALONEY JUST FINE BY DOING THAT!!!

  • JohnDille

    BOTH HOUSES OF CONGRESS WERE CONTROLLED BY REPUBLICANS… AND THEY FORCED CLINTON TO REPEAL GLASS STEAGAL… CLINTON GOT MAJOR TAX HIKES ON THE RICH, IN RETURN… AND THU BALANCED THE FEDERAL BUDGET… UNTIL BUSH JUNIOR CAME ALONG AND GOT RID OF ALL THOSE TAX INCREASES… AND ALSO GOT RID OF THE BUDGET SURPLUSSES!!! BIG TIME!!! YOU REPUBLICANS ALWAYS FORGET THAT PART OF THE STORY, DON’T YOU??? I WONDER WHY???

  • daniel1154

    If the economy were strong under Obama the Democrat party wouldn’t be on life support.

  • daniel1154

    If you offered anything more than your opinions you may be worthy of being taken seriously. But then again, if you actually offered facts rather than opinions you wouldn’t just be a left wing talking point.

  • daniel1154

    Can’t generate an original thought Dillie?

  • daniel1154

    Democrats were in bed with the banks. It was Clinton that repealed Glass-Steagall.

  • JohnDille

    SO… YOU IDIOT RIGHT WINGERS ARE STILL BLAMING JIMMY CARTER FOR THE FINANCIAL COLLAPSE THAT WAS CAUSED BY GIANT WALL STREET OUTFITS THAT WERE LEVERAGED 30 AND MORE TO 1!!! WHAT SIMPLISTIC AND UNPROVEN ASSERTIONS YOU OFFER, TO SUPPORT YOUR CHILDISH CLAIMS!!!

  • JohnDille

    That is a really nice fairy tale you spun, complete with an analysis worthy of a sixth grader. No facts to back up the world the way you want to see it, but why bother with facts when all you are interested in is seeing the things the way you want them to be. Went all the way back to the 20’s to do it too.

  • JohnDille

    WHAT WHITE SUPREMACIST COMIC BOOK DID YOU GET THAT NONSENSE OUT OF???? BUSH, JUNIOR WAS A TOTAL AND COMPLETE DISASTER… AND OBAMA’S MAJOR PROBLEM WAS… HE HAD TO CLEAN UP BUSH JUNIOR’S MONUMENTAL MESS… WITH THE OFTEN VICIOUS OPPOSITION OF THE REPUBLICANS WHO CONTROLLED BOTH HOUSES OF CONGRESS… AND OF THE REPUBLICANS WHO CONTROL A SOLID MAJORITY OF ALL THE STATES!!! ANY FAILURE BY OBAMA WAS MOSTLY THE RESULT OF REPUBLICAN HATRED OF HIM! HATRED THAT AROSE… MOSTLY… OUT OF HIS BEING A BLACK GUY IN THE WHITE HOUSE!!! AS FOR DEMOCRATS BEING DONE FOR… WAIT UNTIL LATE NEXT YEAR!!! TRUMP WILL HAVE HELPED THE REPUBLICAN PARTY COMMIT MASS SUICIDE!!! HECK… YOU MIGHT EVEN VOTE FOR DEMOCRTATS NEXT YEAR!!! NAW… YOU ARE TOO STUPID AND BRAIN WASHED TO DO ANYTHING THAT WOULD BE GOOD FOR AMERICA OR ITS WORKING PEOPLE!!!

  • KR

    Your reply is unfounded, out of step with evidence. Perhaps in the “alternative facts” mode of the current administration. The regs imposed by Dems have significant consumer protections for everyday folks, and helped to return over a trillion dollars to some 27 million people who were scammed by Wall Street. And Trump and company want to remove all of those protections and return us to the unbridled banking practices that resulted in the financial crash. The beauty part for Trump and his billionaire friends is that they rig the system so they benefit whether markets and housing values rise OR fall, like Trump’s nearly billion dollar right off on his taxes from his casino failure (not to mention his refusal to even pay his small business contractors, who can’t afford the protracted legal battles that Trump can to get the money that is rightfully theirs). We don’t have any of the meaningful details of the 2005 taxes. It’s also likely Trump or someone supportive of him leaked that particular year as it is likely an aberration to make him look better than the vast majority of his returns would do (2005 was a year in which his taxes would have had to have been turned over to support Melanie’s bid for citizenship; so that was a year when they likely made financial decisions to create a better than usual return, for that purpose). And frankly, if you’re talking about championing the middle class, I don’t care how much he paid vis a vis Clinton or Sanders (and I’d want to verify your claim anyway), but he paid a lower % of his income than I or other of my friends did. And that’s what matters.

  • JohnDille

    AS USUAL… YOU HAVE THINGS EXACTLY BACKWARD!!!

  • JohnDille

    WHAT HOSTILITY DID OBAMA SHOW TO WHITE WORKING PEOPLE??? THOSE ARE THE PEOPLE WHO ELECTED HIM!!! CONTRARY TO REPUBLICAN FANTASIES… THE LARGE MAJORITY OF DEMOCRATS ARE… WHITE WORKING PEOPLE!!! ALL THE DEAD BEAT WHITE FOLKS WHO LIVE OFF WELFARE AND FOOD STAMPS AND SUCH… ARE OVERWHELMINGLY REPUBLICAN!!! AND I HAVE THE NUMBERS TO PROVE THAT!!!

  • daniel1154

    Don’t count on 1932 being repeated. It is not going to happen, and it is a simpleminded fantasy to think it will. There is a better chance that the Democrat party collapses, particularly given the way they have acted after the last election, and given the age and political inclination of it’s so called leadership. They can no longer be taken seriously as a relevant political party.

    Lending standards were loosened through the community reinvestment act passed by President Carter and the Democrat congress in 1977. Clinton expanded it considerably in 1995 with Andrew Cuomo in the lead. In 2003, the Bush Administration recommended changes to place two of the primary agents guaranteeing subprime loans, Fannie Mae and Freddie Mac under supervision of a new agency created within the Department of the Treasury. The changes were generally opposed along Party lines and eventually failed to happen as a result of Democrat efforts in opposition. Barney Frank claimed of the thrifts “These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis, the more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.” Representative Mel Watt (D-NC) added “I don’t see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing.”

    As for the wiretaps, if Paul Ryan said that he is wrong. Obama had a long history of wiretapping and the evidence is to be submitted to a house committee soon. I have no doubt however that Obama will have plausible deniability, but even he had not denied that Trump Towers was wiretapped.

  • Terry

    The reason I went back to the ’20s on my last response was because that was the last time Republicans had such control or didn’t you figure that out.

    The housing bubble was created by Bush, he wanted everybody to be able to own their own home, and there is nothing wrong with that. The problem came about when in order to make this a reality banking standards were lowered and interest rates were lowered. This created an unsustainable demand for housing which created a bubble and ALL bubbles end badly.

    However, I do agree with you on bankers giving money to anybody, but housing prices would have ultimately collapsed because they were unsustainable and we would have ended up at the same place, with a collapse in housing prices.
    As far as the wiretap even top ranked Republicans, including Paul Ryan. Does this make him as smart as a sixth grader and spinning fairy tales?

  • daniel1154

    The answers are no, and most certainly yes.

    And unlike with your simplistic assertions I will offer some support.

    The worldwide economic crisis in 2008 had fannie mae origins. The loosening of credit guidelines in the Clinton era and government guarantees for subprime lending encouraged banks to make foolish loans which they considered had minimal risk to themselves. This, together with the threat of civil rights lawsuits under the Community Reinvestment Act were the mortgage lenders primary motivations. This was the long brewing origin of the crisis.

    As for Obama wiretaps, he will have plausible deniability but even Obama does not deny the wiretaps. He has a long standing history of wiretapping, from various foreign leaders to a reporter for Fox News, and more.

    Obama is scum. Wiretaps are not the least of his wrong doing and malfeasance in office. The phone and pen President wiretapped extensively, and no doubt wiretapped Trump.

  • daniel1154

    Obama was a miserable failure and that is why the Democrat party is on life support. Bush never got members of his party thrown out of office like Obama did, evidence that the Bush years were better than Obama’s. Obama was elected because he was black and perceived as an outsider, but he was nothing but a partisan hack and socialist, and his party is paying the price for it.

  • Terry

    Answer these two questions. Do you think Bush tanked the economy in 2008 and do you believe that Obama wiretapped Trump Towers either before or after the election.

  • daniel1154

    Trump was outspent by Clinton 2 to 1. Clinton illegally raised all that cash from foreign governments, corporation, US banks, US Corporations, mostly through the RICO operation known as the Clinton foundation. Clinton was bought before she would have taken office, and the investment was a bad one because she went down to a stunning defeat. Corruption defeated. Bottom line.

  • daniel1154

    That is a really nice fairy tale you spun, complete with an analysis worthy of a sixth grader. No facts to back up the world the way you want to see it, but why bother with facts when all you are interested in is seeing the things the way you want them to be. Went all the way back to the 20’s to do it too.

    Here is a fact. The Democrat party is irrelevant and increasingly so with each passing day that they refuse to face reality. They are on the verge of extinction because of the economic failures of Obama. There are fewer elected Democrats nationwide than at any time since 1922. The American people saw what the Democrat party stood for under Obama, and threw them out in droves. The only Democrat Obama was able to get elected was himself, and he had to cheat and break the law to do it.

    The decimation of the Democrat party is a fact. Your fairy tale about the relative economic performance of the two major parties (now only one) is not a fact; it is a fantasy.

  • Terry

    You think Obama destroyed the economy, the economy was destroyed before he was in office. The economy went south under the first Bush that was why he did not get elected to a second term. The economy went well under Clinton even having a budget surplus for a year or two. Then we had the next Bush who tanked the economy. The economy was stabilized under Obama and we were a lot better of than when Bush left office. Now the Republicans are in control again, I hope they do better than they did the last two times. Remember in the early ’20s Republicans had complete control of the government and by the end of the ’20s we were in the great depression.

  • JohnDille

    RICH REPUBLICANS SPENT 2 BILION DOLLARS ON GETTING TRUMP AND HIS REPUBLICAN ALLIES ELECTYED IN THIS LAST ELECTION… MORE THAN DOUBLE WHAT DEMOCRATS SPENT!!! AND THAT DOES NOT COUNT THE 200 MILLION THAT THE RUSSIANS SPENT ON GETTING TRUMP ELECTED… NOR THE BILLION DOLLARS IN FREE TELEVISION TIME THAT ALL THE REPUBLICAN OWNED MEDIA GAVE TO TRUMP!!! REPUBLICANS AND THEIR RUSSIAN ALLIES BROKE EVERY LAW ON THE BOOKS… SO I GUESS IT IS GOOD FOR REPUBLIVCANS THAT THEY NOW CONTROL THE FEC… AND THE JUSTICE DEPARTMENT… AND THE STATE DEPARTMENT… AND… AS YOU MENTIONED… ALL THE JSUSTICE DEPARTMENTS OF THE LARGE MAJORITY OF STATES…. SO THEY WILL NOT BE PROSECUTED FOR ALL OF THEIR CRIMES AGAINST DEMOCRACY!!! WHICH MEANS THAT WE CAN EXPECT REPUBLICANS TO KEEP CHEATING… AND PROBABLY WINNING… AT LEAST UNTIL THEY TOTALLY SCREW UP THIS NATION! AND IT LOOKS LIKE THEY ARE GOING TO DO AN EXCELLENT JOB OF JUST THAT!!! YOU MIGHT WANT TO PREPARE FOR TRUMPS GREAT DEPRESSION!!! I WOULD, BUT I DOUBT THAT I WILL STILL BE ALIVE BY THE TIME HE REALLY DESTROYS THE US ECONOMIC, SOCIAL, AND POLITICAL SYSTEMS…OR STARTS WORLD WAR 3… WHICHEVER COMES FIRST!!! THAT IS THE ONE BENEFIT OF BEING AN OLD MAN… I DO NOT NEED TO WORRY TOO MUCH ABOUT WHAT YOU IDIOT REPUBLICANS WILL BE DOING OVER THE NEXT FEW YEARS!!! GRADE SCHOOL PUPS LIKE YOU, HOWEVER… DO NEED TO WORRY!!!

  • JohnDille

    OBAMA WAS ELECTED TO CLEAN UP THE DISASTER THAT BUSH AND HIS REPUBLICAN ALLIES CREATED… AND HE SUCCEEDED!!! EXCEPT THAT… LAZY, POORLY EDUCATED REPUBLICANS COULD NOT COMPETE FOR ALL THE GOOD JOBS THAT DEMOCRATS GOT AND DID VERY WELL AT!!! OBVIOUSLY, YOU WERE ONE OF THE LAZY DUMB REPUBLICAN LOSERS!!! BUT… LIKE TENS OF MILLIONS OF REPUBLICANS… YOU HAD FOOD STAMPS AND WELFARE TO FALL BACK ON… AND YOU SHOULD BE GRATEFUL TO DEMOCRATS FOR THAT!!! BUT… YOU REPUBLICANS ARE LIKE DOGS THAT BITE THE HAND THAT FEEDS YOU!!!

  • daniel1154

    Wrong. He concentrated on states like Michigan, Wisconsin, Ohio and Pennsylvania which has the working class people that the Democrats spit on, all of which he won. New York and New Jersey have the rich well connected fat cats that the Democrats represent, and he didn’t spend much time in those state. Deal with it Dillie, the Democrats are the party of the rich, politically connected, and the political class, and that is why they are now irrelevant.

  • daniel1154

    Dillie. Even you are not that dumb. Republicans were elected to fix the mess that Obama created.

  • JohnDille

    IS THAT WHY TRUMP SPENT SO MUCH TIME IN THE STATES HE LOST… PLACES LIKE NEW YORK AND NEW JERSEY, FOR INSTANCE??? IS THAT WHY TRUMPS ALLIES… THE RUSSIANS… SPENT HUGE AMOUNTS OF TIME AND MONEY TRYING TO BRAINWASH EVERYONE IN AMERICA… AND COMPETING WITH FOX NEWS TO SEE WHO COULD SPEW THE BIGGEST LIES AND MOST HATE FILLED ANTI AMERICAN BALONEY?

  • JohnDille

    Republicans now hold 33 governorships and have full control — governorship and both houses of the state legislature — in 25 states compared with fiv e for the Democrats.

    Democrats lost 12 governorships, 13 Senate seats and 69 seats in the House of Representatives during Obama’s two terms, highlighting “a devastation up and down the party across the nation,” according to The Hill.

    SO… YOU ARE TELLING ME THAT REPUBLICANS ARE RESPONSIBLE FOR THE SLOW ECONOMIC GROWTH UNDER OBAMA?? AND FOR THE ECONOMIC CATASTROPHE UNDER BUSH JUNIOR??? SAY… YOU ARE FINALLY CATCHING ON, BRIGHT BOY!!! IN A FEW MORE YEARS, THEY WILL FINALLY LET YOU GRADUATE FROM JUNIOR HIGH!!! MEANWHILE, MAYBE THEY WILL GIVE YOU A MEDAL FOR COMPETING IN THE SPECIAL OLYMPICS!!! YOUR GRANDMA… IN WHOSE BASEMENT YOU LIVE… WILL BE SOOO PROUD!!! NOW… ABOUT YOUR NUM,BERS… MNOST LIKELY THEY ARE TOTALLY WRONG. FOR ONE THING, NO ONE ACTUALLY KEPT TRACK OF US ECONOMIC GROWTH UNTIL FRANKLIN ROOSEVELT TOOK OVER… AND STARTED STUDYING THAT SORT OF THING TO GET SOME IDEA OF WHAT TO DO ABOUT THE MONUMENTAL MESS THAT HE INHERITED FROM 70 YEARS OF REPUBLICAN… AND CONSERVATIVE DEMOCRAT… THE SAME THING, MOSTLY.. CONTROL OF THIS NATION!!!

  • daniel1154

    The bank regulations were part of the crony capitalism scheme that the Democrats established to protect their rich and connected friends, and the political class. It is one of the reasons Clinton was viewed correctly as a connected insider, and Trump the reform candidate.

    2005 tax returns released, and Trump paid a higher percentage in taxes than Obama and Sanders. Much higher. Not that it is anything to be proud of. You can be proud when you deny the crooked and corrupt government the money that it seeks to continue the corruption and dominance of the political class over the middle class.

  • KR

    Dems may have taken Goldman Sachs money. Don’t know about Trump with the opaqueness of his taxes, of course (wouldn’t be surprised if he did take money or has gleaned similar financial benefit, since his basic M.O. is that anything he actively denies vocally generally turns out to be something he has done himself). But the Dems established regs against the banks to better protect the middle class and below. Trump has hired Goldman Sachs execs into unprecedented power in his administration with an intent also to gut those regs and take us back to what led to the financial crisis in the first place, with Wall Street as the primary beneficiary, benefiting from both deep tax cuts and a deregulated banking. How long till, on top of that, we’re called upon to bail them out AGAIN?

  • daniel1154

    What got Trump elected was the Democrats open hostility to white working class people. Obama funneling money to his rich cronies at the expense of ordinary working people got Democrats thrown out of office in droves.

  • daniel1154

    Let’s see now, Obama was the only U.S. president in history who did not deliver a single year of 3.0%+ economic growth.

    Obama left office with the fourth worst economic record in US history, having produced an average of 1.55% growth. This places his presidency fourth from the bottom of the list of 39*, above only those of Herbert Hoover (-5.65%), Andrew Johnson (-0.70%) and Theodore Roosevelt (1.41%).

    Ronald Reagan brought forth an annual real GDP growth of 3.5%.
    Barack Obama had an average of 1.55% GDP growth rate.

    For this reason In the eight years since he was first elected, Democrats have lost more than 1,000 seats at the state and national level. Republicans now control 4,170 state legislative seats compared with 3,129 for the Democrats, an all-time low.

    Republicans now hold 33 governorships and have full control — governorship and both houses of the state legislature — in 25 states compared with five for the Democrats.

    Democrats lost 12 governorships, 13 Senate seats and 69 seats in the House of Representatives during Obama’s two terms, highlighting “a devastation up and down the party across the nation,” according to The Hill.

    A legacy is generally thought to be a gift handed down from one generation to the next. For the Democratic Party, Obama’s legacy is anything but. Quite a bit different than Reagan’s legacy, which resulted in the election of his vice president as his successor.

  • daniel1154

    Neither candidate campaigned for the popular vote. They campaigned for electoral votes. That is why Trump visited New Hampshire 18 times and California 0. If they campaigned for the popular vote Trump would have won that too, despite the millions of illegal votes cast for Clinton.
    As for Obama’s success with the economy, the proof is in the election results during his term, in which the Democrats became irrelevant. The state of the economy is “make America Great Again” resounded with the American people, and the Democrats were dumped into the toilet year after year, from coast to coast, at all levels from dog catcher to President. They are mostly irrelevant because Obama destroyed the economy, and the party.

  • daniel1154

    It was Hilary Clinton who got $250K for 20 minute speeches to Goldman Sachs, the transcripts of which she would never release. Goldman Sachs banned donations to Trump, but regardless like Obama before him, Trump made appointments of former Goldman Sachs officials. But unlike Obama he wasn’t bankrolled by them.
    Goldman Sachs has been seeking to buy both parties for years, but they have been particularly successful with Democrats, especially Obama and Clinton.

  • KR

    Kind of ridiculous to pin Goldman Sachs on the Dems, when Trump is appointing Goldman Sachs veteran billionaires to virtually every important fiscal post in the government – thereby ensuring benefits to the billionaire class over and against everyone else’s economic and political well-being.

  • JohnDille

    LETS SEE NOW…. UNDER BUSH… THE STOCK MARKET FELL BY ABOUT 50%… WHILE UNDER OBAMA… IT ALMOST TRIPLED!!! UNDER BUSH, NET JOB GAINS… OVER AN ENTIRE 8 YEARS… WAS LESS THAN HALF A MILLION NET NEW PEOPLE WORKING!!! UNDER OBAMA… IT WAS MORE THAN 13 MILLION NEW WRKERS!!! NOW… TO BE FAIR… WE ARE PUTTING 2009 IN THE BUSH COLUMN… BECAUSE HE WAS SO INCOMPETENT THAT HE DID DAMAGE THAT HAS SPILLED OVER EVEN UNTIL THIS VERY DAY. BUT… BY ANY FAIR MEASURE… BUSH WAS A TOTAL DISASTER… WHILE OBAMA DID PRETTY GOOD… THOUGH NOT NEARLY AS GOOD AS CLINTON AND LBJ AND FDR DID!!! BUT THOSE GUYS WERE REAL DEMOCRATS… ESPECIALLY LBJ AND FDR… SO OF COURSE THEY WERE GOOD FOR AMERICA AND ITS WORKING PEOPLE!!! BUT NOT SO GOOD FOR GREEDY SELFISH RICH REPUBLICANS… WHICH IS WHY THE REPUBLICAN PARTY HAS GOTTEN SO POWERFUL… THANKS TO THE SUPPORT OF THE GREEDY SELFISH RICH… AND IDIOT PUPPETS LIKE DANIELZEROBRAINS!!!

  • JohnDille

    SO… THE HUGE RUN UP IN THE STOCK MARKET SINCE TRUMP GOT ELECTED… IS THE RESULT OF TRUMP GIVING HUGE HAND OUTS TO HIS RICH SUPPORTERS? AND SINCE BANKS HAVE SOARED… MANY HAVE DOUBLED IN VALUE SINCE TRUMP WAS ELECTED… THAT MEANS THAT TRUMP IS OWNED BY THE BANKERS? AND IF THINGS HAVE BEEN SO GREAT FOR NON WHITE AMERICANS… THEN WHY DO WHITE PEOPLE HAVE AVERAGE NET WORTHS THAT ARE 13 TIMES THAT OF BLACKS AND HISPANICS… AND WHY DO AVERAGE WHITE FAMILIES EARN MORE THAN DOUBLE WHAT FULL TIME WORKERS WHO ARE BLACK OR HISPANIC EARN??? I WILL BE INTERESTED IN HOW YOU SPIN YOUR USUAL REPUBLICAN LIES AND BALONEY!!!

  • Terry

    Facts are facts look them up, Obama left the economy a whole lot better off than what George Bush left it. Also, if you counted the popular vote Trump would not even be president. Now we are stuck with the master of fake news, put out false statements with no proof to back them up, trying to get the spotlight off yourself.

  • daniel1154

    Oh, now I understand, all 8 years of Obama’s failures were Bush’s fault. Obama wasn’t even President, he was just the phone and pen bystander in chief. No wonder the Democrats aren’t even a national party anymore, incapable of winning elections outside of the big cities that they already destroyed.

  • Terry

    Obama deficits, maybe you should look at the reasons for large deficits since Bush was president. 15 trillion dollars added to the national debt, where did it come from? According to Donald Trump 6 trillion dollars were spent fighting wars in the Middle East, George Bush put us there. Bush tax cuts to the wealthy cost the country 1 trillion dollars over 10 years. Factor in that deficits were running 200 billion to 300 billion per year before all of this, taking an average of 250 billion per year for 8 years of George Bush and you another 2 trillion in deficits during the Bush administration. So that 2 trillion, plus 1 trillion, plus 6 trillion for a total of 9 trillion dollars of the 15 trillion spent in the last 16 years. This is more realistic than blaming it on Obama, plus the money spent trying to offset the Bush housing bubble collapse that almost tanked not only the US economy but the world economy. Put the blame where it belongs.

  • daniel1154

    Obama funneled money to his rich supporters and that is why the market went up. The Democrat party is owned by Banks, Goldman Sachs, and George Soros. Democrats where hostile to white working people and that is why they are no longer a national party. The economy was good if you were rich and connected, but not good for the working class. That is why Democrats got creamed in elections.

  • JohnDille

    SO… HOW COME THE US ECONOMY WAS THE STRONGEST IT HAS BEEN SINCE BILL CLINTON WAS IN OFFICE… BEFORE TRUMP EVEN TOOK OFFICE??? WHY WERE RECORD NUMBERS OF PEOPLE WORKING AND WHY DID THE STOCK MARKET ALMOST TRIPLE UNDER OBAMA??? AND WHY DID INTEREST RATES FALL SO MUCH UNDER OBAMA… SAVING AMERICA’S WORKING PEOPLE AND TAX PAYERS MORE THAN 10 TRILLION DOLLARS… JUST WHILE OBAMA WAS IN OFFICE??? OH YEAH… BECAUSE OBAMA’S AND THE FED’S ECONOMIC POLICIES WERE DESIGNED TO HELP AMERICA AND ITS WORKING PEOPLE… MOSTLY AT THE EXPENSE OF THE TOP 1%!!! TRUMP WILL REVERSE THAT… AND THE RICH WILL MAKE OUT LIKE BANDITS… AT THE EXPESNE OF ALL THE REST OF US… AND REPUBLICANS… EVEN THOSE WHO GET SCREWED BY TRUMP’S CHILDISH POLICIES… WILL CHEER AND DEMAND EVEN MORE GOODIES FOR THE RICH!!! CLEARLY, THERE IS NO CURE FOR THE REPUBLICAN BRAND OF STUPID!!! WHICH MEANS THAT YOU WILL GO TO YOUR GRAVE JUST AS STUPID AS THE DAY YOU WERE BORN!!!

  • daniel1154

    The Democrats got smoked in every election held during Obamas term because of the state of the economy under Obama, despite the fed propping it up and Obama running up more in deficits than all 43 presidents before him combined. Now the Democrats are no longer an national party, are irrelevant, and on their way to extinction as a result.

  • JohnDille

    POOR TRUMP!!! OBAMA LEFT HIM A STRONG AND SAFE AND STEADILY GROWING ECONOMY… AND NOW… TRUMP WILL INEVITABLY CAUSE THINGS TO HEAD SOUTH!!! BUT… HE WILL BLAME OBAMA AND THE FED, OF COURSE, AND THE REPUBLICAN PUPPETS OUT THERE WILL AGREE WITH TRUMPS BALONEY AND LIES! WHAT ELSE WOULD WE EXPECT MINDLESS PUPPETS TO DO???

  • JohnDille

    SO… RICH REPUBLICANS ARE DOING ALL THEY CAN TO PUSH UP INTEREST RATES…BECAUSE THE HIGHER INTERET RATES ARE, THE MORE INTEREST INCOME THEY CAN MAKE… HUNDREDS OF BILLIONS MORE PER YEAR, IN FACT… AND THEY KEEP NAGGING THE FED TO RAISE RATES… SO THAT REPUBLICANS CAN BLAME ANY PROBLEMS THAT THAT CAUSES… ON THE FED!!! AND RIGHT ON CUE… SNYDER WHINES AND COMPLAINS… AND BLAMES OBAMA AND THE DEMOCRATS FOR THE SERIOUS PROBLEMS THAT WILL BE THE INEVITABLE RESULT OF TRUMPS STUPID POLICIES!!! BLEAT RIGHT WING SHEEP… BLEAT!!! YOUR BILLIONAIRE MASTERS COMMND IT!!

  • daniel1154

    Not surprising after having propped up Obama for 8 years.