Top 10 suck ass Presidents in U.S. History

[ledhead]

STATE deficit spending based on artificially low interest rates created by the central bank... Malinvestments...

Paper money was over issued by the central bank that also artificially depressed interest rates at the same time; 1837 was recreated by the Fed in 2008.

The only good thing about the Jackson admin was fiscal conservatism and requiring sound money.

Yep, and it was all Jackson's fault. Since he destroyed the bank of the US that could easily transfer money between areas that were in flush with cash to areas that were short on cash. Jackson took the money from the Bank of the US and put it in state banks that coincidentally had Jackson on the Board of Directors. These banks also contributed by printing their own money and increasing inflation...

In 1835, he did get us debt free.. Then he made horrible economic moves that crashed the economy.

Are you a Jacksonian Democrat, it sure sounds like it...

 

[javaguru]

Yep, and it was all Jackson's fault. Since he destroyed the bank of the US that could easily transfer money between areas that were in flush with cash to areas that were short on cash. Jackson took the money from the Bank of the US and put it in state banks that coincidentally had Jackson on the Board of Directors. These banks also contributed by printing their own money and increasing inflation...

In 1835, he did get us debt free.. Then he made horrible economic moves that crashed the economy.

Are you a Jacksonian Democrat, it sure sounds like it...

lol. The Bank Of United states intentionally fought with Jackson..they withheld credit to tank the economy in order to prove their necessity.

 

[ledhead]

lol. The Bank Of United states intentionally fought with Jackson..they withheld credit to tank the economy in order to prove their necessity.

Lol @ where you get your info. When people's backs are against the wall they simply LOL... Jackson's policy crashed the economy, bottom line, end-of-the-story..

 

[ledhead]

lol. The Bank Of United states intentionally fought with Jackson..they withheld credit to tank the economy in order to prove their necessity.

Then again, you might be right. I heard San Quentin has the #1 History program in the country. I apoligize, badass toy soldier...

 

[javaguru]

Then again, you might be right. I heard San Quentin has the #1 History program in the country. I apoligize, badass toy soldier...

Google Nicholas Biddle....

He intentionally contracted the money supply as the head of the Second National Bank.

It was a speculation panic...increased money and credit, with decreased interest rates caused the depression, sound familiar? The POTUS has almost zero control over the economy. Pulling gold and silver from the the national bank to the Treasury had very little impact. It was the over circulation of paper money that caused rampant inflation. Jackson simply required that public lands be purchased with real currency and not the rapidly devaluing paper money; It was a real estate depression caused by speculation and the national bank.

 

[PICK3]

Google Nicholas Biddle....

He intentionally contracted the money supply as the head of the Second National Bank.

It was a speculation panic...increased money and credit, with decreased interest rates caused the depression, sound familiar? The POTUS has almost zero control over the economy. Pulling gold and silver from the the national bank to the Treasury had very little impact. It was the over circulation of paper money that caused rampant inflation. Jackson simply required that public lands be purchased with real currency and not the rapidly devaluing paper money; It was a real estate depression caused by speculation and the national bank.

^^^
less verbiage ... moar youtubes

 

[javaguru]

^^^
less verbiage ... moar youtubes

You get two paragraphs at most that people will read.

 

[PICK3]

You get two paragraphs at most that people will read.

I woodn't get that far on the subject of economics.

My recollection of a survey of economics college course (Macro/Micro for non-business majors) I took was trying to follow charts and graphs for 90% of the lecture, then the instructor commentating, "of course it doesn't work like this in the real world"

Never did gain an interest in this obscure topic




just sayin'

 

[javaguru]

I woodn't get that far on the subject of economics.

My recollection of a survey of economics college course (Macro/Micro for non-business majors) I took was trying to follow charts and graphs for 90% of the lecture, then the instructor commentating, "of course it doesn't work like this in the real world"

Never did gain an interest in this obscure topic




just sayin'

I enjoy theory...and math in particular...I like it when politicians make cases based on the math: Prove how your central control can make my life better...It always fails.

 

[PICK3]

I enjoy theory...and math in particular...I like it when politicians make cases based on the math: Prove how your central control can make my life better...It always fails.

butt the politicians wood be equally as unsuccessful in "fixing" the economy as a think tank of the greatest economic experts from academia ... there wood be no consensus

i like the idea of economic policy makers actually having a successful background from the private sector with academic creds ranking 2nd



just sayin'