Well, that didn't take long

[tulc]

Sean Hannity blames Obama for historic market crash

SEAN HANNITY (HOST): Because the Obama economy was so weak all of these years we had just artificially cheap money. Now what’s cheap money? Cheap money is when you can borrow at ridiculously low rates. The era of cheap money at some point has to come to an end. The government has artificially, the Fed has artificially kept the price of money down and the price borrowing down and now that’s going to come to an end. In many ways it represents; Ashley Webster is the name? In many ways it’s a sign of the strength of the economy more than anything else.

tulc(not long at all)

 

[Orson Suckling]

Sean Hannity blames Obama for historic market crash

tulc(not long at all)

Well, can you prove that Obama isn't at fault for the historic market crash? Didn't think so!

 

[Blood Bought 1953]

Well, can you prove that Obama isn't at fault for the historic market crash? Didn't think so!

I think Abe Lincoln crashed the market. Can you prove he didn’t?

 

[tulc]

Well, can you prove that Obama isn't at fault for the historic market crash? Didn't think so!

...because President Trump said everything that happens in the economy is because he's President.
tulc(that was easy)

 

[salt-n-light]

I think Abe Lincoln crashed the market. Can you prove he didn’t?

I think the fact that he's dead would be a plausable alibi.

 

[tulc]

I think the fact that he's dead would be a plausable alibi.

...or do they just want you to THINK he's dead???
tulc(man...that rabbit hole is really deep!)

 

[salt-n-light]

...or do they just want you to THINK he's dead???
tulc(man...that rabbit hole is really deep!)

:O :O :O! You're on to something....

 

[HereIStand]

The word on Wall Street is that the "that the Fed had the markets' back during the Obama Administration." Now the Fed wants a market downturn hoping that Trump will receive the blame.

 

[tulc]

The word on Wall Street is that the "that the Fed had the markets' back during the Obama Administration." Now the Fed wants a market downturn hoping that Trump will receive the blame.

...is there anything that isn't a conspiracy against President Trump? I'm reminded of a cartoon I saw recently:

tulc(will just leave this here)

 

[PollyJetix]

Do any of you remember the Reagan years?
At first, interest rates skyrocketed... we were so spoiled that we screamed bloody murder.

My parents had built a spec house, and had to sell it, to pay for their nearly-completed home to retire in... The spec house was only able to be sold for 1/3 of what it could have, only a couple of years earlier, because of interest rates being about 23%. Interest constituted the main bulk of a mortgage payment, so people had to buy cheaper houses... which drove the price of real estate down. Which hurt a lot of people, but also helped a few. Especially those who were positioned to take advantage of low prices, without taking out a mortgage.

This could get very interesting.

 

[FreeinChrist]

Sean Hannity blames Obama for historic market crash

tulc(not long at all)

And just after Trump was taking credit for the market highs.

 

[Blood Bought 1953]

I think the fact that he's dead would be a plausable alibi.

Lincoln is alive. Prove he isn’t.

 

[Yarddog]

Sean Hannity blames Obama for historic market crash

tulc(not long at all)

Hannity is a horrible blight and sadly there are people stupid enough to believe his lies. The true source of fake news.

 

[HereIStand]

Hannity is a horrible blight and sadly there are people stupid enough to believe his lies. The true source of fake news.

Hannity has been on the memo story for some time. Other news outlets finally caught up with him last week.

 

[Yarddog]

Hannity has been on the memo story for some time. Other news outlets finally caught up with him last week.

Hannity is just one source that Trump gets his lies from. He needs to be run off the air and probably will in time if sanity ever returns to network news.

 

[Blood Bought 1953]

Hannity is just one source that Trump gets his lies from. He needs to be run off the air and probably will in time if sanity ever returns to network news.

Hannity is Trumps Goebbels

 

[Phil 1:21]

Do any of you remember the Reagan years?
At first, interest rates skyrocketed... we were so spoiled that we screamed bloody murder.

My parents had built a spec house, and had to sell it, to pay for their nearly-completed home to retire in... The spec house was only able to be sold for 1/3 of what it could have, only a couple of years earlier, because of interest rates being about 23%. Interest constituted the main bulk of a mortgage payment, so people had to buy cheaper houses... which drove the price of real estate down. Which hurt a lot of people, but also helped a few. Especially those who were positioned to take advantage of low prices, without taking out a mortgage.

This could get very interesting.

Yeah, those were rough times for a lot of people. For others, just like when the housing market crashed several years ago, it was a buying opportunity. The same thing holds true with the stock market. It was due for a little sell off. People who have cash sitting on the sidelines will wait a bit, buy in at the new, lower prices, and the market will go back up. It's just the way these things work.

 

[AceHero]

Sean Hannity blames Obama for historic market crash

tulc(not long at all)

And just after Trump was taking credit for the market highs.

The cognitive dissonance of Trump and his supporters continues to set new records.

 

[gideon123]

Neither Republicans nor Dems can take credit for good or bad economies. The short term interest rate is controlled by the Fed, and the long-term interest rate (bonds) is controlled by the market. Presidents - both sides - love to leap up and claim victory. But i have never seen any President who has a good grasp of how the finances of America actually work. And the same is true of our Congressmen. Most of them have a very poor knowledge of the details of the US financial system, and they are very easily manipulated by crackpot theories, wailing from Wall St, and conspiracy theories.

Please see www.hussmanfunds.com (go to Market Commentaries) for an statistical accurate analysis of the market peaks. The recent peak was the most over-valued stock peak in the history of Wall St. A serious drop is hardly a surprise.

WHAT people should be worried about is this ...
The TRUMP budget has an over-spend of roughly a trillion dollars every year for the next three years (2018, 2019, 2020). In a 'best case scenario', our deficit will be close to $25 trillion by the end of 2020. Right now, we are at about $20.4 trillion, give or take. So are we really "draining the Swamp?"

On top of that, the USA is headed for new wars. We have an ongoing war in Afghanistan, and US forces are deployed in countless other countries. If we get into a new conflict in N. Korea, or a fight with Iran, or a skirmish with Russia (in Europe), then just imagine how much ***more*** our debt will spiral?

Our debt has been growing rapidly. No administration has reined it in - Republican or Democrat - and no politician from any party has really had the guts to deliver the discipline that we need ... to get back on track.

The interest on that debt will force the Government to either ***reduce*** payments on essential services, such as Medicaid and Social Security. Or to make a major devaluation of our currency.

We are moving in the direction of real difficulties. And when they happen, there will be no "easy outs".

 

[FreeinChrist]

Neither Republicans nor Dems can take credit for good or bad economies. The short term interest rate is controlled by the Fed, and the long-term interest rate (bonds) is controlled by the market. Presidents - both sides - love to leap up and claim victory. But i have never seen any President who has a good grasp of how the finances of America actually work. And the same is true of our Congressmen. Most of them have a very poor knowledge of the details of the US financial system, and they are very easily manipulated by crackpot theories, wailing from Wall St, and conspiracy theories.

Please see www.hussmanfunds.com (go to Market Commentaries) for an statistical accurate analysis of the market peaks. The recent peak was the most over-valued stock peak in the history of Wall St. A serious drop is hardly a surprise.

WHAT people should be worried about is this ...
The TRUMP budget has an over-spend of roughly a trillion dollars every year for the next three years (2018, 2019, 2020). In a 'best case scenario', our deficit will be close to $25 trillion by the end of 2020. Right now, we are at about $20.4 trillion, give or take. So are we really "draining the Swamp?"

On top of that, the USA is headed for new wars. We have an ongoing war in Afghanistan, and US forces are deployed in countless other countries. If we get into a new conflict in N. Korea, or a fight with Iran, or a skirmish with Russia (in Europe), then just imagine how much ***more*** our debt will spiral?

Our debt has been growing rapidly. No administration has reined it in - Republican or Democrat - and no politician from any party has really had the guts to deliver the discipline that we need ... to get back on track.

The interest on that debt will force the Government to either ***reduce*** payments on essential services, such as Medicaid and Social Security. Or to make a major devaluation of our currency.

We are moving in the direction of real difficulties. And when they happen, there will be no "easy outs".

Or increase taxes particularly on the those who make the most.