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Non-Tech : Kirk's Market Thoughts
COHR 139.28-0.5%Nov 14 9:30 AM EST
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To: Jerome who wrote (6052)8/10/2018 11:37:44 AM
From: Kirk ©1 Recommendation  Read Replies (1) of 26510
 
Well....
The us economy is doing well....but keep in mind that Trump inherited a very good economy.
Obama inherited Bernanke who was already turning the economy after the housing bubble collapse. I still blame the housing collapse on President Bill Clinton and his Treasury Secretary Rubin changing the laws to allow the banks to gamble with deposits. Bill, and Al too, were well rewarded after they left office.

Bush and his treasury secretary TRIED to reign in the gambling with deposits and giving loans to folks who could not afford to repay them, but Paulson was met by Barney Frank and others who crushed those attempts (I watched on TV so don't feed me any Dem lies to the contrary who was to blame.) Bush II decided he wanted to be liked more than he wanted to do what was right so he gave up and said it was nice everyone could afford to buy a house.

Now under Obama we got such tight rules on housing and such stiff laws that ONLY the very rich and/or well paid can afford to buy homes anywhere where there are good paying jobs. Yes, "WE" did well under Obama... a large part of my success was figuring out the rules and loopholes and playing by them. Most dont' have that luxury...

And if you look at a map of the US by county for who they voted for, it was clear that only those in big cities where handouts and political payoffs are plenty for those who toe the Dem Party Line... while the rest of the country voted for someone else that we didn't vote for.

If you don't wake up and smell the coffee and figure out a corrupt government ONLY benefits a few OUTSIDE THE TAXPAYER SUBSIDIZED BUBBLE, then I think many will be surprised that the landslide is even larger in 2020, especially if the idiots put up an inexperienced Socialist.

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