The most Admired Man in America/2020

[hanimmal]

89-90.
Background. Throughout 1989 and 1990, the economy was weakening as a result of restrictive monetary policy enacted by the Federal Reserve. ... The immediate cause of the recession was a loss of consumer and business confidence as a result of the 1990 oil price shock, coupled with an already weak economy.
And of course our favorite. 2008. Again Banks.
With Pres Dump trying to tear apart Frank Dodd.

Im not sure what you mean, because Reagan started his nonsensical economic cult logic in the early 80s that led to high inflation and a economic recession.

(Edit: Before Volker raised the inflation rate to decrease spending and increase savings causing a huge increase in the loss of jobs, you may mean this, but just the wrong recession in his time in office, the later one was the recession that led to the collapse of the market when those newly deregulated banks overextended and collapsed.)



Reagan caused a couple recessions in his presidency.

And is why I always start with him as every Republican president has led a economy right into a recession with their boom-bust policies.

 

[Don't Bogart]

My contender is George Carlin. Yeah, he's dead, so consider that.

That's O.K. Most of those on the list are dead......or should be.

 

[TacoMac]

No, that is what the idiot masses are. Why are we surprised by this? How many people do you encounter a day that make you wonder how they get through life? Problem is we have to stop giving them a voice. Their opinions do not matter, their desires do not matter.

Sad, but true.

 

[Don't Bogart]

I'm not sure what you mean, because Reagan started his nonsensical economic cult logic in the early 80s that led to high inflation and a economic recession.

No...you got me right. I feel reluctant to lay it at a parties feet but the Republican charge has been to take over of our money.
It almost feels like an economic disaster needs to take place every 10 to 15 years to break the masses. The economic divide gets further and further apart. And nobody goes to jail for putting you and me in an monetary bind.

Anybody want to talk about pot?

 

[DIY-HP-LED]

 

[topcat]

That's O.K. Most of those on the list are dead......or should be.

List? Oh, you mean your list of dead people. That's okay.

 

[Jimdamick]

Seems like you and Jim have similar issues

Me?
I don't get it
Explanation needed/necessary

 

[DaFreak]

Banks are right back doing what got them in trouble to begin with. No worries, we can bail them out again, but you aren't worth more than $600.

 

[TacoMac]

Banks are right back doing what got them in trouble to begin with. No worries, we can bail them out again, but you aren't worth more than $600.

The Trump administration has been buying up junk bonds the entire time. That's why the market is where it is. They've bought 3.5 trillion so far.

 

[hanimmal]

No...you got me right. I feel reluctant to lay it at a parties feet but the Republican charge has been to take over of our money.
It almost feels like an economic disaster needs to take place every 10 to 15 years to break the masses. The economic divide gets further and further apart. And nobody goes to jail for putting you and me in an monetary bind.

I agree with the 10-year recession cycle we are now in (even though it is still far better than the every 2 year economic recession cycle it was prior to the Federal reserve). But It is something really hope gets stopped once this current patch of right wing ideology is purged from the Republican party. There is no reason that this should still be allowed to happen.

And you are right,every recession is not just the Republicans fault. But of the two national parties, they are the only ones practicing a antiquated economic policy that has proven to lead to recessions time after time. And to pass blame they troll the other party of being socialists or whatever else they can to keep the blame shifted right in time for the next election.

Anybody want to talk about pot?

lol, fair enough. Take it easy man.

Banks are right back doing what got them in trouble to begin with. No worries, we can bail them out again, but you aren't worth more than $600.

If by banks you mean the less regulated non-bank financial institutions, then yes. Banks are regulated a hell of a lot tighter than the companies that caused the 2008 recession.

 

[Budley Doright]

Me?
I don't get it
Explanation needed/necessary

Me neither. I know that that pole is very important to me as well. We have been through a lot together and I blame Mr. pole for many of our bad decisions .

 

[captainmorgan]

https://twitter.com/i/web/status/1345351966994608132

 

[Don't Bogart]

Anybody still want to talk about pot?

 

[hanimmal]

Anybody still want to talk about pot?

Are you one of those people who have to trim a entire cola after being asked to clip it down so it can dry properly and not mold up because it looks cool?

 

[CunningCanuk]

Anybody still want to talk about pot?

What’s on your mind?

 

[CunningCanuk]

Are you one of those people who have to trim a entire cola after being asked to clip it down so it can dry properly and not mold up because it looks cool?

Those guys are suckers.

 

[hanimmal]

Those guys are suckers.

Green.

 

[topcat]

Anybody still want to talk about pot?

Go to the grow room. It will satisfy you.

 

[topcat]

 

[captainmorgan]

Suckers and losers.