Originally posted by Sugar Adam Ali
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CBO Grades Tax Plan, complete disaster for poor, wrking class, students, eldery
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Originally posted by The Big Dunn View PostThe banking and auto industries were on the verge of collapsing. The housing bubble burst.He had to do this to save the country from collapsing.
Seriously, some of you are really unbelievable. You complain that Obama added to the debt, but forget that he did this to fix the global financial crisis and the recession from 2008-12, the worst financial crisis since the Great Depression of the 1930s.
At least give proper context.
*gargling on trumps diiieccck*BU-BU-BU-DEY TOOK ERRR JOBS. liberal this....liberal that.
Cant believe the mexicans are defending him when he obviously dont want yall here like the rest of minorities. Blaming obama for the shiiiithole he inherited is just ******ed.
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Originally posted by The Big Dunn View Posthttp://wardsauto.com/news-analysis/w...al-crisis-2008
World’s Auto Makers Slammed by Financial Crisis in 2008
Perhaps you are underestimating the severity of the financial crisis on automakers around the world.
Everybody’s sales went down it doesn’t mean industries were gonna collapse.
Cars were hit hard because they use a lot of short term loans in business and banks were getting tight with lending.. but this has happened before and will again.
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Originally posted by Sugar Adam Ali View PostEverybody’s sales went down it doesn’t mean industries were gonna collapse.
Cars were hit hard because they use a lot of short term loans in business and banks were getting tight with lending.. but this has happened before and will again.
http://www.nytimes.com/2008/10/02/business/02sales.html
Article discusses the contributing factors-high gas prices, no credit, loss of jobs, closing of dealerships and how with the housing crisis was exacerbating the auto crisis.
It was much more than just slow sales.Last edited by The Big Dunn; 11-30-2017, 03:18 PM.
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https://www.politico.com/story/2017/...tax-cut-196333
Some economists and corporate executives are already warning that simply lowering tax bills won’t necessarily cause companies to hire more people and pay them better. Instead, they could just wind up returning the extra cash to shareholders.
That could leave President Donald Trump and congressional Republicans celebrating a short-term legislative win that hurts them in the long run, with bigger deficits and little to show for it. And an already deeply unpopular bill — one that includes immediate hikes on some individual taxpayers — could become a serious political headache in 2020 and beyond.
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Originally posted by Sugar Adam Ali View PostEverybody’s sales went down it doesn’t mean industries were gonna collapse.
Cars were hit hard because they use a lot of short term loans in business and banks were getting tight with lending.. but this has happened before and will again.
Grubers like Dunn fall for it every time, for decades upon decades.
You're trying to fix his stupid. Sadly, you will fail.
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