The following warnings occurred:
Warning [2] Undefined variable $unreadreports - Line: 32 - File: global.php(961) : eval()'d code PHP 8.1.27 (Linux)
File Line Function
/inc/class_error.php 153 errorHandler->error
/global.php(961) : eval()'d code 32 errorHandler->error_callback
/global.php 961 eval
/showthread.php 28 require_once




Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Government Programs
#1
It just cracks me up that these socialist idiots who never met a government program they didn't like now bitching about someone getting rich off of that socialism.


Trump did not start his own business from scratch. Instead, he glided into the already established business created by his father, Fred C. Trump. Trump’s father began his real estate development company in the late 1920s. And before long the business was built upon new government programs designed to assist the lower and middle classes with housing.
During the Great Depression, the housing market was devastated. Banks stopped offering mortgages, families stopped buying homes and developers stopped building. To solve this problem, the government under President Franklin D. Roosevelt intervened and created the Federal Housing Administration (FHA) in 1934.
The FHA essentially devised a form of long-term mortgage that was affordable for home buyers and builders. To incentivize banks to make these loans, the federal government insured the loans against the risk of loss. This intervention by the government rejuvenated the housing market.
Trump’s father was a major beneficiary of this new government program. He began using FHA loans to build apartment buildings. When World War II broke out, Trump’s father continued to benefit from the government’s largesse by building apartments for the United States Navy. And in the aftermath of the war, he continued to use the FHA loan program to build apartment buildings for soldiers returning home from the war, who themselves used government programs to buy the apartments. His buildings primarily served the middle and lower classes in the neighborhoods of Queens and Brooklyn in New York City.
These government programs offer a shining example of the importance of sound public policy. The government reinvested taxpayer funds back into society, and this gave rise to the entire national housing market that provided homes and jobs to millions of Americans and served as a vital engine that drove the economy. And along the way, countless private-sector businesses arose and prospered, like the one started by Donald Trump’s father. After decades of building his business, Fred Trump became a multi-millionaire.
“If you want to know who rules over you, just look for who you are not allowed to criticize.”

― Voltaire
Reply
#2
A lot of people get rich off of social programs. It's almost by design given that, depending on how you define social program, it amounts to 20ish percent of the nation's GDP. That's a lot of wealth creation. Recipients don't stuff their payments in their mattresses, it hit's the economy immediately through consumption.

I don't have a problem how a person get's rich as long as it's legal. That fact that the Trump family made a portions of it's fortune off of welfare doesn't bother me at all.
Reply
#3
Then what was all this (http://www.greenbayweathercam.com/gbf/sh...p?tid=1294) about.
“If you want to know who rules over you, just look for who you are not allowed to criticize.”

― Voltaire
Reply
#4
(08-23-2020, 03:15 PM)k.d. Wrote: Then what was all this (http://www.greenbayweathercam.com/gbf/sh...p?tid=1294) about.

From the drunken judge:

Quote:“Unlike you Joe, Donald Trump made his own money and he hasn’t asked the government for it and he doesn’t cut deals while he’s in the government for his son and his family,” Pirro falsely claimed.

And from the, perhaps, drunken kd:

Quote:Where did it say he got gov't money?
Reply
#5
His father got rich from government money, but to the best of my knowledge, Donald's business is in hotels, golf courses and casinos.
“If you want to know who rules over you, just look for who you are not allowed to criticize.”

― Voltaire
Reply
#6
Donald got rich off of his father.

He declared bankruptcy six times on his hotels and casinos. BTW he also got tax subsidies for some of these.
Reply
#7
Quote:Donald got rich off of his father.
That's exactly what I've been saying.


Quote:BTW he also got tax subsidies for some of these.
So now you're blaming him for being smart?
“If you want to know who rules over you, just look for who you are not allowed to criticize.”

― Voltaire
Reply
#8
(08-23-2020, 03:54 PM)k.d. Wrote:
Quote:Donald got rich off of his father.
That's exactly what I've been saying.


Quote:BTW he also got tax subsidies for some of these.
So now you're blaming him for being smart?
not blaming him for anything
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)