Quote:
Originally Posted by Rochard
Our economy took a crap during the last four years of the Bush administration.
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That is totally false.
The economy was doing great. The HOUSING MARKET collapsed in 2008 (September of 2008 to be precise...I know it all too well because that's when I fucked up and bought my house...the next week it was worth half of what I had just signed on for).
That created a HUGE loss of wealth instantly. Banks holding billions of dollars in mortgages now had negative equity across the board.
That is why the economy instantly nose-dived Rochard.
But you've already been told that over and over (because you apparently didn't "get it" when it happened)...so why on Earth do you keep making yourself look so bad by making statements like that?
Jesus...if you want to bitch about stuff, do it honestly.
Yes...our Federal Govt. made a horrible miscalculation (because they MEDDLED in the economy) in the late 1990's.
That led to a housing "bubble". Banks were free to loan money to folks wanting to own their own home.
Then, when the housing market crashed...all the people who had houses found themselves underwater instantly. The banks pulled back capital from the market place (making it almost impossible for business to meet payroll) and that led to unemployment almost overnight.
Dude...come the fuck on! This is simple stuff to understand. Why do you keep making posts that pretend you haven't already learned this information?
I don't know what world you were living in in 2004, 2005, 2006 and 2007...but those were some of the biggest revenue years of my entire career. And you can ask anyone else in our business how much money they were making during that time and you'll get the same answers.
Shit dropped to the ground in Sept. of 2008.
Do you not have any memory at all? Damn...