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Obama stopped the stock market from crashing and saved all your jobs?
so don't you owe him, every time you go to cash your paycheck it is because of Obama. So why all the harsh criticism of the man you owe everything you have too?
11 Answers
- ?Lv 41 decade agoFavorite Answer
Did Obama walk on water and I missed it? Darn. When exactly did OBAMA save the stock market from crashing, and how is "saved jobs" an indicator that we are coming out of a recession/depression? As for why we don't "owe" him or any Democrat a thing, if you quit trying to change "history" by claiming things that haven't happened or blaming Republicans for something the Democrats unequivocally did, perhaps you would understand the "harsh criticism" of a man who the "blame" or results actually lie upon.
Bush raised several red flags about the sub prime regulations. In April of 2001, submitting the 2002 budget request he states that the size of Freddie Mac and Fannie Mae, governments sponsored enterprises or GSEs, is a "potential problem" because financial problems in EITHER could "cause strong repercussions in financial markets"
In 2003 Bush stated a more stronger point for regulation to congress by saying the GSE's are now a "systemic risk" that could spread beyond just the housing sector.
Check out CSPAN in the Fall of 2003 when the White House was pushing Congress hard to create a new federal agency to REGULATE and SUPERVISE both Fannie Mae and Freddie Mac. Then Treasury Secretary John Snow in Sept. 10,2003, he was getting big time resistance by whom other that the Democrats, watch Barney Frank respond that Freddie Mac and Fannie Mae are not in crisis, everyone is over exaggerating the problem, and even went on to say that the government should do more to get low-income families into homes. He goes onto say that the people conjure up a threat or financial losses, and then he adds “I do not see”, he feels will limit these low-income families will be denied!
Barney Frank then says they (GSE’s) are financially sound and doesn’t see a problem with them and can withstand some of the disaster scenarios . Even if there was a problem, Frank went on to say “THE FEDERAL GOVERNMENT” won’t bail them out!!!
Check House Financial Services Committee and Greenspan’s comments on Feb.17,2005
Another continued hearing on April 6, 2005 with Greenspan. Greenspan had just heard from the CEO of Freddie Mac that some ‘accounting errors” had occurred.
Unfortunately the Republicans didn’t have the “balls” like the Democrats seem to have ramming things through, because they “counted the votes” and no Democrats would vote for this. They dropped it. We all got screwed from weak Republicans and GREEDY Democrats. Republicans vote out the weak, the Democrats keep in the greedy or vote more in! How do we as Americans win?
Source(s): Obama's blame game exposed Lib's love to lie and enjoy the benefits of deceit. Own research based on actual documented and recorded history as it happenned. Libs should at least take a look at the C-Span videos of Barney Frank before giving me a thumbs down, then again, perhaps too much Kool-aid has sunk in. - Anonymous5 years ago
Id cut government spending to lower taxes for everyone. I would start this by taking a good hard look at what the hell is going on in Iraq cuz im pretty sure no one knows? So that would be important. Id also cut alot of social programs because many either dont work, or people just ride. Id try and make a tax credit for kids going to college. If you finance someones education you get a certain tax credit. No just like deductible children they have now or whatever. So we got spending out of the way and thats good now what about the economy. Ok look we've got to STOP bailing EVERYONE out. First the banks, then automakers, i hear newspapers are trying to get in on the action. Im all for the auto execs making lots of money, but not for a FAILING company. I mean theres gotta be a reason why the same car for toyota sells for 5000 dollars cheaper than its chevy equivalent. Id give no bailout and tell automakers to figure out how other companies can do it. I dont have any control as prez over this, BUUUT the fair tax is a great idea and that way you really cant get jewed because your accountant isnt that great. Infact then we wouldnt even need the IRS. NOW THATS A WASTE
- kathy_is_a_nurseLv 71 decade ago
Learn from history. Obama is making exactly the same mistakes as FDR. Europe pulled itself out of their depression much QUICKER than the USA. THAT is why all the criticism.
- Anonymous1 decade ago
Hussein has NEVER, in his entire life, earned a single penny by working for a For-Profit company.
What he knows about economics comes from his late-night reading at Harvard of Das Kapital.
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- 1 decade ago
Actually the plan to save the Stock Market that was crashed intentionally was in place long before the plan to crash the stock market was put into action by the puppeteers.
- 1 decade ago
So what happens when the market crashes again in the next 6 months? What will you say then?
- Anonymous1 decade ago
obama did nothing of the kind. Sheesh. The turd turned what should have been a brief recession into a prolonged malaise. America is dying because of this idiot.
- davethenayberLv 51 decade ago
He hasn't done jack for me and I don't owe him sh!t.
I cash a check because I work for it. I've been through 3 recessions and had a job every time.
You make me sick.
- Anonymous1 decade ago
Obama did that?
What planet do YOU live on?
Oh wait... I have a guess... Planet MSNBC.