Sunday, December 4, 2016

The Obama Super Depression President Trump Inherits

As another Lame Cherry exclusive in matter anti matter.

I was infuriated the other day to hear FOX fraud and the Wall Street Journal, speak of the great economy Donald Trump was going to inherit as the economy is "growing" now at 3%.

Three percent economic growth is STAGNANT, as it requires 4% to simply maintain a nation.

I do not have to look at these fraud numbers for this 3%, because all they are, are more fudged figures so Obama does not go down in history as the worst economic communist in world history.

In all of this great economic joy did you know that 6 million Americans are not making payments on car loans?

The hazard lights are flashing on subprime car loans.
Roughly six million auto borrowers with shoddy credit scores are at least 90 days late on making their loan payments, according to new figures released by the New York Federal Reserve. The percentage of delinquent subprime auto loans has raced to the highest level since 2010.

Do not be fooled by TRUMP ECSTASY in people are now investing in hope and going out and buying new cars to make the horrid 2016 numbers look like an increase, because what has moved the economy is the expectation in Donald Trump that he will take America out of the Obama Super Depression.

Nom de Deus, President Trump is still battling epic plant closings and fleeing to Mexico. Americans are losing job base without any replacement, because all these damned Green Card foreigners are taking American jobs yet, as much as the Obama illegal criminals.

Do those look like positive headlines? 

While all of us were fighting for our lives, and image Obama was distracting us, there was this little gem, which started with his Cash for Clunkers, in there is a massive derivative bubble, not in housing, but in automobiles which Obama and his Treasury have overseen another disaster which President Trump faces.

The rise of subprime auto loan delinquencies is drawing comparisons to the behavior that led up to the 2008 financial crisis. Investors have poured billions of dollars into the space over the past few years, attracted to the extra returns the riskier loans can generate. And with more auto loans being repackaged into bond-like asset-backed securities, credit analysts worry a rise in defaults could have implications for the broader financial system.

This is around 1 trillion dollars in debt.  So do not believe the damned lies that President Trump is inheriting an economic recovery. President Trump in inheriting an Obama economic disaster, as Obama now spent 20 trillion dollars, fucked up the health care system which is 1/6th of the US economy, which will suck another trillion dollars out of your just know the bullshit is not knee deep but nose deep and we are all in it, and thank God Donald Trump will be President to help haul us out of this.

We do need though a year of no surprises as this is beyond horrid.