Reply #28: Phil Gramn Nut job [View All]

[clarence swinney]

Said Roosevelt had zero to do with recovery
Democrats fault they do not attack junk--in advance

GDP and Jobs had big growth 1932-1937
Yes! Big economic gain was certainly WWII.

Phil gave us Bank--1999--Bank change. Big Banks then bought up most local banks. Deja Vu S&L Disaster.
Today Phil's Big Banks own 80% total bank deposits.
Wall Street of America--Replaced Main Street of America.
Phil's pals gave us Housing Disaster one of largest in our history. Millions of families hurt badly for many years.
Destroying Construction industry.

Phil 2000 Financial Wall Street of America to become
Casino Derivative Of America.

Rich Investors jumped into gambling from investing in stocks And building businesses And jobs.

PROOF------------
1990s were boom years with 237,00,000 net new jobs gained per month. Unemployment as low as 3.9%=Full Employment

After 2000 Law
31,000 Net New Jobs per month over 8 years. Lowest since Hoover
Ever hear a Democrat attack on this????? Obama?
Dow was 11,720 in 2000. 10,700 now ten years later. Democrat attack on it???
S&P lost 30% of value.
GDP growth was from Housing Debacle and Bush increase in spending by 100% and borrowing 6000B from China. Democrat attack on it???

No Value Added. Velocity of money went south
It was Gambling. Pass one billion from one hand another hand
A Winner=A Loser.

It was a horrible ten years for America's Middle Class.
Little Income Growth--- Little Wealth Growth--- Large Debt Growth
2001-2009 Top 1% (1,400,000) took 67% of Total Individual Income Increase. 90% took 10%. Third World Country Stats????? Democrat attack on it???
In 2008 top 1% owned 43% of Total Financial Wealth
80% owned 7% (120,000,000workers)
Third World Country Stats Democrat attack on it?????

Reagan + Bush gave, primarily, the Top 1% 2500B in tax Cuts.
They borrowed 7700B to pay for it. Democrat attack on it???

From 1980 to 2009 that 1% had a 281% Gain in Income
Middle Class got 25% a Third World Country Distribution
Democrat attack on it???

First Decade of 21st Worst Decade since 1920's

DEMOCRATS AWAKEN-Remove the mufflers- TELL THE PEOPLE dumb or no guts?

100% FAULT OF REPUBLICANS POLICIES OF WALL STREET OF aMERICA
100% 100% 100% NUMBERS SAY IT NO QUESTION FACTS SAY IT NO QUESTION

clarence swinney
olduglymeanhonest mad mad mad mad
political historian-Lifeaholics of America since 1991