Donald Trump Tells Fox News We're Going To Have A Depression & It's Bush's Legacy

[Jayford]

Quote from ggoyal:

doesn't matter. he has stood up and came back. thats what counts, not how or how many times you fall.

Yes it does matter as far as his opinion is concerned. Sure, he always bounces back stronger, but he is often wrong.

He is a a RE guy period.

 

[Mecro]

Quote from ggoyal:

doesn't matter. he has stood up and came back. thats what counts, not how or how many times you fall.

Well that is kinda easy when you have the government bailing you out.

 

[Mecro]

Quote from moneymonger:

It is outright journalistic malpratice that this fact has gone underreported by the mainstream media. Anyone who has some understanding of the seperation of powers clearly knows who the
obvious culprits are here: the US Senate Banking and finance committee, and the US house banking & finance comittee.

LOL

The world works quite different from how you think.

 

[nutmeg]

There was a pepto bismol commercial at the end, agita anyone?

 

[Joab]

Quote from ByLoSellHi:

Oh, forgot to mention - Trump said that the Iraq War was one of the biggest reasons for the problems we're now experiencing, and that Republicans will be in the wildnerness for a long, long time.

It's all common sense. He's right.

I rarely like to agree with the Donald but on this im 100% in agreement

 

[otherside]

I agree with Trump that we are going to have a depression, but is it really all Bush's fault?

I can't stand Bush and despise all politicians equally, but is it Bush's fault that England, Spain, Australia, New Zealand and many other countries have had massive housing bubbles that are now collapsing and taking whole economies with them?

Doesn't it really all come down to the debt-financed artificial-demand that we have all witnessed? The culprits being banks and central banks?

 

[moneymonger]

Quote from IShopAtPublix:

If I borrow money to buy stocks and those stocks go down and I go bankrupt I can't really blame the market for my downfall. It would be my judgment. Markets go up and go down.

It was not just the subprime but because companies like Lehman found it lucrative to enter into credit default swaps and sell(and resell) as many as possible

When the market started to go down and people started to walk away from upside down mortgages in numbers unforseen credit default swap market imploded.

And all of it is 100% Bank and Wall st. fault. Stop blaming Barney Frank, Pelosi or Clinton.

I lay the fault where the fault is due, and clearly much of the fault
is with Barney Frank, Christopher Dodd, Byron Dorgan, Kent Conrad. These guys are the Constitutionaly elected officers who oversee the nations banking and finance industry. As recently as
2 years ago Frank insisted that the mortage and banking industry was sound-he stated"I see no problems going forward here in terms of solvency. These assertions that we are on the cusp of a wave of defaults are overblown."
Luckily, we now have Cspan so we can go back and review the
conductors who oversaw the trainwreck.

 

[zdreg]

Quote from Mecro:

Well that is kinda easy when you have the government bailing you out.

you just don't have the talent to get yourself to that point.

 

[Mecro]

Quote from zdreg:

you just don't have the talent to get yourself to that point.

Or maybe I just don't have my daddy giving me a million dollars at 18 years old, his bank connections & his RE industry connections. I don't know, maybe that has something to do with it. Cause I'm pretty sure I can put together some ultra luxurious real estate projects which can't even cover the interest with their revenue.

 

[GermanTrader]

Quote from ByLoSellHi:

I find it interesting that Trump is telling 'ole Greta that there simply is no money circulating from the banks to businesses or consumers, and that Bush has created an almost inevitable depression-to-come.

Well, Trump is half right. There is indeed a depression underway, but Bush et al are not solely responsible for screwing the economy, any more than Hussein will be solely responsible for dumbing down personal standards, the average American language or morality. Also credit Slick Willy for NAFTA.