Quote:
Originally Posted by Timogen
I am saying that Biden's spending has increased the US debt at roughly the same rate that Obama did. Obama takes US debt from 10Tln to 19.5Tln during his 8 years in office (an increase of 85% over those 8 years, almost 11% per year). The US debt has now climbed from 19.5Tln in 2016 to it's current 30Tln (an increase of 54% over 5 years or roughly 11% per year).
People lost their homes because they were given mortgages that shouldn't have received thanks to Clinton's policy of pushing riskier loans.
Canada does not send checks to everyone. I haven't received a nickel from Trudeau, no one I know has. All of my American friends have received their covid relief checks no matter where they are.
How can I compare? I looked at the numbers and see that the spending rate for both Presidents is roughly the same (in relative terms of increasing debt).
Yes, the current Canadian debt is 1.2Tln, it was 700Bln when Trudeau took office. That means he has increased the Canadian debt by 70% over that 6 years. DUCY?
I’ll respond to other points later but blaming clinton for 2008 crisis, 8 years after he left office is laughable ….
There is no laws that oblige banks , credit rating , etc to force them to make unprofitable loan .
It was clearly fraud , not doing their jobs and a super bad job of the fed as well and obviously the buyers of homes having the false premise of home prices always go up .
If Clinton had any responsibility it was about some deregulation , one thing that supposedly is always good right ?
Regulations prevent good economy ?
Isn’t that what the right always says ?
So Clinton follows the principle of republicans with less regulations and he gets blame for it ?
Lol ….
If a bank gives someone’s a credit card of 25000$ to who’s not even working and the cards get load up ?
The costumers can’t pay up and finish in bankruptcy .
Who’s fault is it ? The government? Really ?
Ps: and the funny thing is harper himself try to push deregulation on the banking system in Canada in around 2006 before to imitate the US .
Thx god it didn’t get through …..
Last edited by Montrealcorp; 02-12-2022 at 03:16 AM.