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Re: scstocks post# 10835

Tuesday, 09/20/2016 7:08:28 PM

Tuesday, September 20, 2016 7:08:28 PM

Post# of 19856
scstocks: The aftermath of the Obozo economy. You borrow $10 Trillion in 8 years, which doubled the total debt accumulated by the previous 43 Presidents combined. Then you have the Fed morons Bernanke and Yellen print up about $5 Trillion more to buy Treasuries and toxic mortgages. to lower interest rates to near zero. With no yield from savings retirees have had to move into riskier REITs and Stocks. So savers and retirees have been decimated. But the low interest rates helped the Fortune 500 borrow cheaply...not to innovate or expand but to buy back their own shares simply to enrich the insiders. You force people to buy a product (health insurance)...that product goes up in price far faster than inflation, and you still cannot generate even one quarter of 3% growth. You decry companies that leave the US for countries with lower taxes, yet you refuse to lower ours in order to be competitive. As a socialist you believe that all profits belong to the state anyway. You see the number of people on Food Stamps grow by 12 million and you consider that a success story. In a way, it is for the socialistic Democrats...more government dependence = more dumbed down voters who need the gravy train to keep rolling. You see home ownership drop to 50 year lows. You see the percentage of people actually in the workforce drop to 50 year lows, and that includes Uber drivers and part timers who can't find a family supportable income producing job. And despite all this failure you are taking a victory lap touting about all the wonderful things you've done and how anything that still wrong is Bush's fault anyway. Thankfully, despite the fact that your policies failed by any measure and that the world is a more dangerous place thanks to your feckless "leadership"...you'll have the liberal press and the liberal historians declare your two wasted terms a rousing success. Forward!

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