Bush caused a recession!! - GoFuckYourself.com

Splum · 03-07-2009, 06:04 PM

I will admit it Bush caused a recession... Obama is causing a depression. Enjoy.

John. · 03-07-2009, 06:09 PM

is it worth getting a sig spot here?

Diomed · 03-07-2009, 06:11 PM

Quote:

Originally Posted by John.

is it worth getting a sig spot here?

No,

move along.. nothing to see here.

Splum · 03-07-2009, 06:12 PM

Quote:

Originally Posted by John.

is it worth getting a sig spot here?

You guys are catching on.

Paul Waters · 03-07-2009, 06:14 PM

You Butt Hurt Republicans are so cute.

The Bush economy was a giant Ponzi scheme. All the growth of the last eights years was a fraud, fueled by fictitious paper created by suits.

And you blame Obama.

This economy is due to right wing nut economics.

Brujah · 03-07-2009, 06:21 PM

StickyGreen · 03-07-2009, 06:23 PM

Quote:

Originally Posted by Splum

I will admit it Bush caused a recession... Obama is causing a depression. Enjoy.

If you think presidents cause recessions and depressions then you don't have a clue about how our financial system works.

StickyGreen · 03-07-2009, 06:25 PM

Quote:

Originally Posted by Paul Waters

The Bush economy was a giant Ponzi scheme.

Actually, the way the Federal Reserve operates is a Ponzi scheme. It's called fractional reserve banking, and last time I checked, the Federal Reserve is still there. Has nothing to do with Bush or Obama.

MindWaste · 03-07-2009, 06:28 PM

Quote:

Originally Posted by StickyGreen

Actually, the way the Federal Reserve operates is a Ponzi scheme. It's called fractional reserve banking, and last time I checked, the Federal Reserve is still there. Has nothing to do with Bush or Obama.

The federal reserve owns america. It is a bank that the goverment has been borrowing from sence the old days.

StickyGreen · 03-07-2009, 06:31 PM

Quote:

Originally Posted by MindWaste

The federal reserve owns america. It is a bank that the goverment has been borrowing from sence the old days.

Yes, but most people still don't understand this concept at all. They can't seem to figure out why great men like Andrew Jackson basically devoted their lives to getting rid of the central bank.

This documentary explains the history of central banking, if anyone actually wants to learn something:

http://video.google.com/videoplay?do...=money+masters

MindWaste · 03-07-2009, 06:36 PM

Quote:

Originally Posted by StickyGreen

Yes, but most people still don't understand this concept at all. They can't seem to figure out why great men like Andrew Jackson basically devoted their lives to getting rid of the central bank.

This documentary explains the history of central banking, if anyone actually wants to learn something:

http://video.google.com/videoplay?do...=money+masters

I whould have watched it but It was like 5 hours long.

Paul Waters · 03-07-2009, 06:40 PM

Quote:

Originally Posted by StickyGreen

Actually, the way the Federal Reserve operates is a Ponzi scheme. It's called fractional reserve banking, and last time I checked, the Federal Reserve is still there. Has nothing to do with Bush or Obama.

Canada has a fractional reserve banking system, as do all G7 countries. Modern banking depends on it. Banking from WW II onward has depended on it. Without, we would have never seen the economic growth that we did.

The problem was that Greenspan did not oversee the banks properly, and the MBA's came up with Ponzi schemes like ABCP.

Further Greenspan kept interest rates too low, allowed money supply to grow too quickly, and taxes were too low.

In a booming economy, the Bush government had no business running deficits. Bush inherited a pretty good fiscal situation from Clinton, then fucked it up as fast as he could.

StickyGreen · 03-07-2009, 06:40 PM

Quote:

Originally Posted by MindWaste

I whould have watched it but It was like 5 hours long.

Yea it sucks that people are intimidated by long articles and long videos. It's a shame because that film beautifully explains the history of central banking, something Americans should know about.

IllTestYourGirls · 03-07-2009, 06:41 PM

Quote:

Originally Posted by StickyGreen

Yea it sucks that people are intimidated by long articles and long videos. It's a shame because that film beautifully explains the history of central banking, something Americans should know about.

Most dont get taught about it in school. They dont want the mass to understand their slavery.

StickyGreen · 03-07-2009, 06:42 PM

Quote:

Originally Posted by Paul Waters

Modern banking depends on it.

Modern banking depends on fractional reserve banking? Wow, who sold you that one?

I got a nice bridge for sale you might like...

Paul Waters · 03-07-2009, 06:45 PM

Quote:

Originally Posted by StickyGreen

Modern banking depends on fractional reserve banking? Wow, who sold you that one?

I got a nice bridge for sale you might like...

Put a little more effort into your answer, laddie.

At least cite a country that has operated without one in the last 70 years.

You are a fan of Ron Paul, right?

IllTestYourGirls · 03-07-2009, 06:45 PM

Quote:

Originally Posted by Paul Waters

Canada has a fractional reserve banking system, as do all G7 countries. Modern banking depends on it. Banking from WW II onward has depended on it. Without, we would have never seen the economic growth that we did.

The problem was that Greenspan did not oversee the banks properly, and the MBA's came up with Ponzi schemes like ABCP.

Further Greenspan kept interest rates too low, allowed money supply to grow too quickly, and taxes were too low.

In a booming economy, the Bush government had no business running deficits. Bush inherited a pretty good fiscal situation from Clinton, then fucked it up as fast as he could.

CyberHustler · 03-07-2009, 06:47 PM

StickyGreen · 03-07-2009, 07:49 PM

Quote:

Originally Posted by Paul Waters

Put a little more effort into your answer, laddie.

At least cite a country that has operated without one in the last 70 years.

You are a fan of Ron Paul, right?

Oh I get it, you're one of those "it is how it is so that's just how it's supposed to be" type of guys.

Paul Waters · 03-07-2009, 08:07 PM

Quote:

Originally Posted by StickyGreen

Oh I get it, you're one of those "it is how it is so that's just how it's supposed to be" type of guys.

I am more one of those, "just because you pull it out of your ass, does not make it a good idea" type.

Azoy? · 03-07-2009, 08:57 PM

Quote:

Originally Posted by Splum

I will admit it Bush caused a recession... Obama is causing a depression. Enjoy.

OK did everyone miss the obvious ?
What is Obama taking off the side of his mouth with his finger ?

Splum · 03-07-2009, 09:09 PM

Quote:

Originally Posted by Azoy?

OK did everyone miss the obvious ?
What is Obama taking off the side of his mouth with his finger ?

Bush semen?

uno · 03-07-2009, 09:19 PM

Quote:

Originally Posted by MindWaste

The federal reserve owns america. It is a bank that the goverment has been borrowing from sence the old days.

Quote:

Originally Posted by StickyGreen

Yes, but most people still don't understand this concept at all. They can't seem to figure out why great men like Andrew Jackson basically devoted their lives to getting rid of the central bank.

This documentary explains the history of central banking, if anyone actually wants to learn something:

http://video.google.com/videoplay?do...=money+masters

I think you two will make great friends.

WWC · 03-07-2009, 11:59 PM

Do you think anyone who would take the presidency seat could have made it turn around so fast after how much damage Bush built in 8 years? Come on man....

burntfilm · 03-08-2009, 12:41 AM

Wow, Obama did that quick!

StuartD · 03-08-2009, 03:56 AM

It's funny, you all blast people who supported Obama saying that they give him way too much credit, he can't 'save everyone' like they hope.

Then 6 weeks into his presidency you all flip the coin and give him way too much credit for dooming the nation and sending it into a depression in 6 weeks.

Well, which is it?? Is he that amazing or not?!!?

$5 submissions · 03-08-2009, 03:59 AM

A bit off topic but don't you guys think SOCIAL SECURITY is a "generational PONZI SCHEME"?

Reak AGV · 03-08-2009, 04:33 AM

That's such bullshit if you ask me, Obama is doing a good job.

seeandsee · 03-08-2009, 04:39 AM

obama for nation change

John-ACWM · 03-08-2009, 05:20 AM

Quote:

Originally Posted by Splum

You guys are catching on.

Shaze · 03-08-2009, 05:56 AM

yes, yes, Obama caused the depression in six weeks (load of bullshit).

this whole mess actually started with mortgage-backed securities and credit default swaps. the creation of these investment vehicles spurred the housing market and made a sort of multi-level marketing scheme which passed the risk associated with lending away from the mortgage originators (banks). i think Clinton signed the approval of credit default swaps and Bush mortgage backed securities (it could be the other way around, i might be mistaken). anyway, when the banks didn't have as much risk when approving mortgages and more liquidity to leverage because of mortgage-backed securities this started the housing market bubble. this is why they were giving mortgages to people who definitely couldn't afford it because the risk to them was pushed away by the creation of mortgage backed securities.

actually, i believe when the bubble burst for technology back in early 2000s it should have been much worse if not for the housing bubble sort of saving the economy. the housing bubble came at a time when the technology bubble had just burst and the economy started going down. the housing bubble sort of uplifted the economic bubble which was caused by technology and stopped it from really correcting itself when the technology bubble burst. if the creation of CDS and mortgage backed securities never took place i think the technology bubble deflating would have been worse and think it actually would have been good.

so this depression "or correction" if you want to call it that was long overdue, but saying that Obama is causing a depression when he has only been in office for 6 weeks is completely insane when he had nothing to do with creating any of these laws or investment type vehicles.

now his policy on trying to save the economy is another thing to argue about, but i don't think anyone has any clue on whether it will work or not since this is the first time in history something like this has happened. it will be an interesting few years.

Quote:

Originally Posted by Splum

I will admit it Bush caused a recession... Obama is causing a depression. Enjoy.

GirlBri · 03-08-2009, 02:39 PM

fuck splum!

03-07-2009, 06:04 PM	#1
Splum Confirmed User Join Date: May 2003 Location: USA Posts: 6,195	Bush caused a recession!! I will admit it Bush caused a recession... Obama is causing a depression. Enjoy.

03-07-2009, 06:09 PM	#2
John. Confirmed User Industry Role: Join Date: Jul 2007 Location: Europe Posts: 2,264	is it worth getting a sig spot here? __________________ Sig too old.

03-07-2009, 06:14 PM	#5
Paul Waters Confirmed User Join Date: Mar 2003 Location: Toronto, Ontario Posts: 4,402	You Butt Hurt Republicans are so cute. The Bush economy was a giant Ponzi scheme. All the growth of the last eights years was a fraud, fueled by fictitious paper created by suits. And you blame Obama. This economy is due to right wing nut economics. __________________ Paul

03-07-2009, 06:21 PM	#6
Brujah Beer Money Baron Industry Role: Join Date: Jan 2001 Location: brujah / gmail Posts: 22,157	__________________ Free Premium Domain Lists and Tools at Clickmojo.com For Sale: Obscenity.com

03-07-2009, 11:59 PM	#24
WWC #1 Adult Content Provider Join Date: Jul 2003 Location: Glendale, Ca Posts: 11,577	Do you think anyone who would take the presidency seat could have made it turn around so fast after how much damage Bush built in 8 years? Come on man.... __________________ [email protected] ICQ : 494-353-230 Follow WWC on Twitter CLICK HERE! " CONTENT PROVIDER OF THE YEAR! " ~ 2007 , 2008 & 2009 XBIZ AWARDS WINNER! .......www.WorldWideContent.com / www.WorldWideFeeds.com...... WWC Nominated " Content Licensor of The Year " 2010 XBiz Awards !!!

03-07-2009, 06:47 PM	#18
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03-08-2009, 12:41 AM	#25
burntfilm Confirmed User Join Date: Feb 2008 Location: Brooklyn NY, Providence, RI Posts: 972	Wow, Obama did that quick! __________________ Sorta...

03-08-2009, 03:56 AM	#26
StuartD Sofa King Band Join Date: Jul 2002 Location: Outside the box Posts: 29,903	It's funny, you all blast people who supported Obama saying that they give him way too much credit, he can't 'save everyone' like they hope. Then 6 weeks into his presidency you all flip the coin and give him way too much credit for dooming the nation and sending it into a depression in 6 weeks. Well, which is it?? Is he that amazing or not?!!? __________________ This is me on facebook This is me on twitter

03-08-2009, 03:59 AM	#27
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	A bit off topic but don't you guys think SOCIAL SECURITY is a "generational PONZI SCHEME"? __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants

03-08-2009, 04:33 AM	#28
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03-08-2009, 04:39 AM	#29
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03-08-2009, 02:39 PM	#32
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