User Panel
Posted: 7/22/2019 1:53:54 PM EDT
Warren - The administration may breach the debt ceiling in September, leading to economic turmoil that top economists say would be "more catastrophic" than the collapse of Lehman Brothers in 2008.
The Coming Economic Crash And How to Stop It by Elizabeth Warren: I warned about an economic crash years before the 2008 crisis, but the people in power wouldn't listen. Now I'm seeing serious warning signs in the economy again and I'm calling on regulators and Congress to act before another crisis costs America's families their homes, jobs, and savings. I've spent most of my career getting to the bottom of what's happening to working families in America. And when I saw the seeds of the 2008 crisis growing, I rang the alarm as loud as I could. In 2003, I called out subprime lenders for tricking unsuspecting families especially families of color into refinancing into overpriced subprime mortgages. In 2004 and 2005, I warned that families were getting deeper into debt and hanging on only by borrowing against their homes, which put them in a vulnerable position if costs rose or a family member lost a job. In 2006, I flagged that foreclosure rates were starting to go up, but that the mortgage lenders were still churning out loans because they had passed on the risk of defaults to investors in the form of mortgage-backed securities. Those trends shady subprime lending, rising household debt, a mortgage market where lenders didn't bear the risk of their loans set the stage for the 2008 crisis. But the people with the power to stop the crisis didn't listen not enough of them anyway. Not the banks, not Alan Greenspan or other federal regulators, not Congress. And when the crisis hit in 2008, working families lost it all while the big banks that broke the economy got a fat taxpayer bailout. When I look at the economy today, I see a lot to worry about again. I see a manufacturing sector in recession. I see a precarious economy that is built on debt both household debt and corporate debt and that is vulnerable to shocks. And I see a number of serious shocks on the horizon that could cause our economy's shaky foundation to crumble. (snip) View Quote |
|
What insider info does she think she knows to go that far out on a shakey limb to be so specific?
|
|
|
Fauxcahontas's credibility as an economics expert is about as believable as her Indian heritage.
|
|
|
Quoted:
Warren - The administration may breach the debt ceiling in September, leading to economic turmoil that top economists say would be "more catastrophic" than the collapse of Lehman Brothers in 2008. The Coming Economic Crash And How to Stop It by Elizabeth Warren: I warned about an economic crash years before the 2008 crisis, but the people in power wouldn't listen. Now I'm seeing serious warning signs in the economy again and I'm calling on regulators and Congress to act before another crisis costs America's families their homes, jobs, and savings. I've spent most of my career getting to the bottom of what's happening to working families in America. And when I saw the seeds of the 2008 crisis growing, I rang the alarm as loud as I could. In 2003, I called out subprime lenders for tricking unsuspecting families especially families of color into refinancing into overpriced subprime mortgages. In 2004 and 2005, I warned that families were getting deeper into debt and hanging on only by borrowing against their homes, which put them in a vulnerable position if costs rose or a family member lost a job. In 2006, I flagged that foreclosure rates were starting to go up, but that the mortgage lenders were still churning out loans because they had passed on the risk of defaults to investors in the form of mortgage-backed securities. Those trends shady subprime lending, rising household debt, a mortgage market where lenders didn't bear the risk of their loans set the stage for the 2008 crisis. But the people with the power to stop the crisis didn't listen not enough of them anyway. Not the banks, not Alan Greenspan or other federal regulators, not Congress. And when the crisis hit in 2008, working families lost it all while the big banks that broke the economy got a fat taxpayer bailout. When I look at the economy today, I see a lot to worry about again. I see a manufacturing sector in recession. I see a precarious economy that is built on debt both household debt and corporate debt and that is vulnerable to shocks. And I see a number of serious shocks on the horizon that could cause our economy's shaky foundation to crumble. (snip) View Quote View Quote |
|
|
Quoted:
What insider info does she think she knows to go that far out on a shakey limb to be so specific? View Quote |
|
AAAaaannnnnd......
Like the rest of the left......The economy was supposed to crash the first month Trump took office too. We were 100% guaranteed that. |
|
Shit man, I'm closing on a house in September.
Could interest rates get any lower? |
|
|
Quoted:
What insider info does she think she knows to go that far out on a shakey limb to be so specific? View Quote |
|
Sure, the swampmembers could easily screw around with the economy within a given time frame.
|
|
Well, we are heading towards another collapse. She’s taking a guess on when and hoping she’s right.
|
|
This has been predicted since Trump won the GOP nomination. Trump becomes POTUS, the powers that be allow the economy to shit can. Not like it takes a lot of effort to do it, but yeah I would not be surprise. A reason why all the folks talking about retiring in the future are nutty. A crash, depression and bigly unrest is coming....
|
|
Quoted:
Last December several economists predicted a slow down in the fall. I imagine she’s banking on anything of any kind like 1% drop in whatever fir MSM to scream “recession” View Quote They are pure destruction and that type of thought process and behavior is undeniable proof. |
|
Quoted:
What insider info does she think she knows to go that far out on a shakey limb to be so specific? View Quote |
|
So the woman who wants to rack up trillions in debt to give away free shit while regulating everything is talking about Trump crashing the economy.
|
|
Larry Kudlow Trump’s advisor July 2019 watch the last 10 minutes of the 50 minute video if you don’t want to watch boring economic talk
Larry Kudlow on economy at CNBC's Capital Exchange event – 07/09/2019 |
|
Quoted:
Desperation. She sees herself neck and neck with Harris, competing for the same slice of the Dem party. Harris has the CA early primary advantage and the RaceCard™. Warren needs a home run to overcome Harris. View Quote View All Quotes View All Quotes Quoted:
Quoted:
What insider info does she think she knows to go that far out on a shakey limb to be so specific? |
|
She and her ilk would hope for a Great Depression and stick thin children hungry in the streets if they thought it would help them get Trump out and their crooked asses back in power.
To think they give a tin shit about the people of this nation becomes more ludicrous by the day...... |
|
Quoted:
Her Spirit Animal told her, while she was on a vision quest. View Quote View All Quotes View All Quotes |
|
“Because they had placed the risk of default......”
Like fucking student loans that pass the risk onto the taxpayer. |
|
WOW! A native American Numbers Cruncher. Cool. Synonymous with a Carpet Installer Carpet Muncher? Coincidence? I think not! ????
|
|
Since she knows what is about to happen and it is so bad, why isn't she doing something to avoid it?
Maybe she should get her ass to work and do some of that Congress shit and save the country? What is stopping her from acting now? What is she waiting for? |
|
Quoted:
Who helped push that deficit up there, Lieawatha? View Quote Congress and the White House are getting closer to a budget deal that will probably see federal spending continue to grow. Earlier in the year, President Donald Trump proposed a budget plan that called for cutting spending by $150 billion over a decade. The administration also provided Democrats with $500 billion of possible offsets, telling Pelosi to pick whatever cuts her party could vote for. Pelosi rejected that idea out of hand. Instead, The Washington Post reports, a new deal is approaching finalization: Instead of the $150 billion in new spending cuts recently demanded by White House acting budget director Russell Vought, the agreement would include a significantly lower amount of reductions. And those reductions aren't expected to represent actual spending cuts, in part because most would take place in future years and likely be reversed by Congress at a later date. A precise figure could not be learned. Trump's final approval is still pending. If history is any guide, the president will acquiesce. The White House has consistently put forward budget plans that would cut domestic spending only to eventually sign off on agreements that increase federal outlays. Each administration outspends the previous,but it's OK when our side does it.Republicans had the House (where spending originates) for the last 6 years of obama (and gave him everything he wanted),and the first 2 years under Trump. 'Course Trump talked about interest rates needing to be raised under obama,but wants them lower now as well. I'm sure it's going to work out just fine in the long run................... |
|
Put me in charge of the federal budget. Congress accepts it as I develop it or they turn it down and take a 10% pay cut.
Process continues until they get to working for $1 and the budget is accepted as I present it. There is ZERO need to raise the debt limit. |
|
|
My opinion is that she is being fed this information by people who are going to try and deliberately hurt our economy and get rich doing it. An economic crash can be blamed on the President and they will use it to manipulate the election, along with a great deal of voter fraud.
Their goal is to get President Trump out of the White House by any means possible and have him replaced with a puppet. She's a low IQ individual who is being used by the people who pull her strings. |
|
Quoted:
With practically NO knowledge of economics at all, she will pretty much be just as good as any trained economist at predicting the future. View Quote View All Quotes View All Quotes Quoted:
Quoted:
Focahontas the economist....has a ring to it Now they're saying he inherited this great economy from Obiden. |
|
Quoted:
So the woman who wants to rack up trillions in debt to give away free shit while regulating everything is talking about Trump crashing the economy. View Quote This is the path to the globalist endgame. |
|
So Warren’s plan to fix this “crisis” is to raise the minimum wage to $15/hr (free money), and forgive student debt (free money).
Free money. FREE MONEY FOR EVERYONE! |
|
Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!
You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.
AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.
From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.
Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.
Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.
AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.