2009, 2010, 2011 - worst years on record for business formation in decades

[Soul Crusher]

http://www.washingtonpost.com/blogs/wonkblog/wp/2014/05/05/u-s-businesses-are-being-destroyed-faster-than-theyre-being-created/?hpid=z5


Fuck you Obama

[OzmO]

Yeah Fuck you.

[Soul Crusher]

Yeah Fuck you.

What occurred w the election of a Marxist thug and communist pos like Obama is only a surprise to the dumbest among us. 

[Necrosis]

What occurred w the election of a Marxist thug and communist pos like Obama is only a surprise to the dumbest among us. 

you think that is the reason for those years having slow business formation?

no major economic meltdowns occurred around that time or anything?

[OzmO]

What occurred w the election of a Marxist thug and communist pos like Obama is only a surprise to the dumbest among us. 

dude you are so whacked out.  I would not be surprised to see you committing terrorists acts soon.

You are still sounding like John Candy in Peace Core, but on the other side.

[Soul Crusher]

you think that is the reason for those years having slow business formation?

no major economic meltdowns occurred around that time or anything?

He promised to fix it

[Soul Crusher]

dude you are so whacked out.  I would not be surprised to see you committing terrorists acts soon.

You are still sounding like John Candy in Peace Core, but on the other side.

Lol.  You voted for him - dont blame anyone but yourself

[OzmO]

He promised to fix it

 

You "promised" to quit the forum.

As if all politicians make good on their campaign promises.

Get therapy.

[OzmO]

You seriously need mental help.  Get meds or something.

[Soul Crusher]

You seriously need mental help.  Get meds or something.

False.   You voted for this

[Straw Man]

False.   You voted for this

Not False

People left, right and center on this board have told you the same thing many times

You seriously need mental help.  Get meds or something.

[Soul Crusher]

Not False

People left, right and center on this board have told you the same thing many times

Again - you voted for this - worse than W - eat it. 

[Straw Man]

Again - you voted for this - worse than W - eat it. 

who was POTUS when the crash happened

what year was that again?

How do things look now compared to then?

Now, seriously. No Joke.  Go get some help for your mental health problems

[Soul Crusher]

who was POTUS when the crash happened

what year was that again?

How do things look now compared to then?

Now, seriously. No Joke.  Go get some help for your mental health problems

lol

[Straw Man]

lol

mentally ill people laugh a lot often at inappropriate times

maybe you're just laughing because you have no response to the facts

[Soul Crusher]

mentally ill people laugh a lot often at inappropriate times

maybe you're just laughing because you have no response to the facts

Obama depression

[Soul Crusher]

Not only that, but during the most recent three years of the study -- 2009, 2010 and 2011 -- businesses were collapsing faster than they were being formed, a first. Overall, new businesses creation (measured as the share of all businesses less than one year old) declined by about half from 1978 to 2011.

[Straw Man]

Not only that, but during the most recent three years of the study -- 2009, 2010 and 2011 -- businesses were collapsing faster than they were being formed, a first. Overall, new businesses creation (measured as the share of all businesses less than one year old) declined by about half from 1978 to 2011.

no shit dumbass

even the most ardent right winger is going to understand that you don't just suddenly hit a re-set button and get back on track after a profound economic collapse (i.e. credit markets locked up, banks failing, millions losing their jobs, etc...)

You don't just change administrations and have all that stuff go away overnight

In fact, all you would have to do is to have been sane and aware of what was happening at the time to understand that

Only a moron or someone with profound mental health issues wouldn't be able to understand that

[Soul Crusher]

no shit dumbass

even the most ardent right winger is going to understand that you don't just suddenly hit a re-set button and get back on track after a profound economic collapse (i.e. credit markets locked up, banks failing, millions losing their jobs, etc...)

You don't just change administrations and have all that stuff go away overnight

In fact, all you would have to do is to have been sane and aware of what was happening at the time to understand that

Only a moron or someone with profound mental health issues wouldn't be able to understand that

So when does it start to get better? 

[Straw Man]

So when does it start to get better? 

you're still stuck in that shithole apartment that you couldn't sell or even rent out in 2008

right?

The stock market is still at the same place it was at the end of 2008

right?

and on and on

[2Thick]

It's all Bush's fault. 

This might be a newsflash for some, but the crisis of '08-09 was not solely the fault of the Bush admin by any stretch of the imagination. It was sparked by the housing bubble / credit crisis, and of course it spread.

The housing bubble began in '97, and was a result of legislation going back many years that led to bad loans being written because of the idea some politicians had that everyone should have a "right" to be a homeowner. Not everyone is cut out for the responsibilities of home ownership, believe it or not.

Of course some took this idea and ran with it, and many, many bad loans were funded - many of which were sold by the lender who originated them to other institutions or investors right after they funded them.

I was a mortgage broker for several years many years ago.

And when institutions are borrowing 10, 20, 30 bucks for every one buck they have in equity to buy bad loans and other risky investments, it's not gonna be a gravy train forever. And when it goes bad, we now all know what happens.

[Straw Man]

It's all Bush's fault. 

This might be a newsflash for some, but the crisis of '08-09 was not solely the fault of the Bush admin by any stretch of the imagination. It was sparked by the housing bubble / credit crisis, and of course it spread.

The housing bubble began in '97, and was a result of legislation going back many years that led to bad loans being written because of the idea some politicians had that everyone should have a "right" to be a homeowner. Not everyone is cut out for the responsibilities of home ownership, believe it or not.

Of course some took this idea and ran with it, and many, many bad loans were funded - many of which were sold by the lender who originated them to other institutions or investors right after they funded them.

I was a mortgage broker for several years many years ago.

And when institutions are borrowing 10, 20, 30 bucks for every one buck they have in equity to buy bad loans and other risky investments, it's not gonna be a gravy train forever. And when it goes bad, we now all know what happens.

I've never said it was all Bush's fault (though of course everything that's happened since then is all Obama's fault)

The asset bubble in real estate was created by de-regulation of commodity and banking which both parties were complicit in doing

The idiotic premise of this thread seems to be that Obama should have pressed the magical re-set button when he got into office rather than the actual reality of slowing recovering from an economic shit storm (and getting absolutely no cooperation from Repubs in doing so)

This topic has been covered ad nauseam on this board over the last six years

[2Thick]

It was the regulations passed many years ago that started it all. Lenders were forced to make bad loans. To soften the impact, they created nontraditional financing.

Of course greed factored into it. But increasing regs in order to achieve social engineering  or social justice or whatever in an already overly regulated society is almost always a bad thing, while deregulation and allowing the free markets to work at their most efficient is generally a good thing.

I haven't been here much of the last 6 years, and I don't have 18 hours a day to spend here, nor would I want to. But thanks anyway.

I've never said it was all Bush's fault (though of course everything that's happened since then is all Obama's fault)

The asset bubble in real estate was created by deregulation of commodity and banking which both parties were complicit in doing

The idiotic premise of this thread seems to be that Obama should have pressed the magical re-set button when he got into office rather than the actual reality of slowing recovering from an economic shit storm (and getting absolutely no cooperation from Repubs in doing so)

This topic has been covered ad nauseam on this board over the last six years

[Straw Man]

It was the regulations passed many years ago that started it all. Lenders were forced to make bad loans. To soften the impact, they created nontraditional financing.

Of course greed factored into it. But increasing regs in order to achieve social engineering  or social justice or whatever in an already overly regulated society is almost always a bad thing, while deregulation and allowing the free markets to work at their most efficient is generally a good thing.

I haven't been here much of the last 6 years, and I don't have 18 hours a day to spend here, nor would I want to. But thanks anyway.

completely wrong but I know that's a popular right wing talking point

[headhuntersix]

How is that wrong.....Clinton pushed those banks to make loans more available to people who would never otherwise qualify. That led to the bubble years later. When one thing got out of wack...natural greed based on deregulation took over. Bush had very little to do with it. The fall was predicted by a lot in the Bush admin and nobody on either side did anything in Congress.