bush Recession/Obama Recovery

[code1211]

Which is the most damaging? Which is the most attributable to the policies of the Incumbant President?

The Bush Recession occurred after a crisis in the financial sector and the Bush administration spent 350 Billion on stabalizing that part of the economy. It became stable and is now thriving.

That is a success story.

Enter Obama.

He spent another 350 Billion of the TARP funds, about 850 Billion on the Failed Stimulus and committed to spending another Trillion on the Insurance Scam to bilk more cash from businesses and dissolve the insurance industry.

After a year and a half, we have a record deficite, stubbornly high unemployment that doesn't seem to want to go down and a population that is steadily growing more pessimistic.

To my way of thinking, the Bush recession was a blip of a problem compared to the Obama Recovery. The Bush Recession would have been cleared up by the following summer if the banking system was stabalized, which it was. Spending the other 2 Trillion scared the bejeezuz out of everyone.

I'm not sure we can survive this "recovery".

 

[waltky]

Granny says, "Dat's right - it's dem activist politicians muckin' up the recovery...

Greenspan Says Government ‘Activism’ Hampering U.S. Recovery
March 3,`11 -- Former Federal Reserve Chairman Alan Greenspan said a surge in U.S. government “activism,” including fiscal stimulus, housing subsidies and new regulations, is holding back the economic recovery.

Increased bond issuance by the Treasury Department crowds out borrowers with the weakest credit ratings, Greenspan said in an article in International Finance, published on the Web today. At least half of the shortfall in companies’ capital spending “can be explained by the shock of vastly greater government- created uncertainties embedded in the competitive, regulatory and financial environments” since the failure of Lehman Brothers Holdings Inc. in 2008, Greenspan said.

Greenspan’s conclusions fit with his long-held free-market ideology and may aid Republican lawmakers who argue that cutting federal spending now will help spur job growth. Critics including members of the Financial Crisis Inquiry Commission have said Greenspan’s failure to regulate the mortgage market last decade helped fuel the housing bubble whose bursting precipitated the financial crisis.

“Much intervention turns out to hobble markets rather than enhancing them,” said Greenspan, 84, who was appointed Fed chairman by Republican President Ronald Reagan in 1987 and served until 2006. “Any withdrawal of action to allow the economy to heal could restore some, or much, of the dynamic of the pre-crisis decade, without its imbalances.”

Source

 

[KissMy]

NYT: Adding Up the Government’s Total Bailout Tab $12.2 Trillion

Bloomberg: Financial Rescue Nears GDP as Pledges Top $12.8 Trillion

CNN: Fed made $9 trillion in emergency overnight loans

Politico: Bailouts could cost U.S. $23 trillion

 

[skeptic]

That is a success story.

only if you are a bankster.

Enter Obama.

He spent another 350 Billion of the TARP funds, about 850 Billion on the Failed Stimulus and committed to spending another Trillion on the Insurance Scam to bilk more cash from businesses and dissolve the insurance industry.

After a year and a half, we have a record deficite, stubbornly high unemployment that doesn't seem to want to go down and a population that is steadily growing more pessimistic.

To my way of thinking, the Bush recession was a blip of a problem compared to the Obama Recovery. The Bush Recession would have been cleared up by the following summer if the banking system was stabalized, which it was. Spending the other 2 Trillion scared the bejeezuz out of everyone.

Sp4ending the other 2 trillion was just more medicine for the banks. It did little to help the unemployment picture but it did shore up banking.

Get this straight and be certain of it: The Federal Reserve is a cabal of bankers. Federal economic policy since 1913 has never been about saving the middle class or the general economy, hence free trade, globalization and our too big to fail policies.

The ONLY thing we care to address at a national level regarding our economy is keeping oil cheap and saving the banks no matter how fraudulently they perform.

Our entire economy is managed for the benefit of the banks. WORD!

 

[skeptic]

NYT: Adding Up the Government’s Total Bailout Tab $12.2 Trillion

Bloomberg: Financial Rescue Nears GDP as Pledges Top $12.8 Trillion

CNN: Fed made $9 trillion in emergency overnight loans

Politico: Bailouts could cost U.S. $23 trillion

And who profited from all of that?

Big banks who made record profits in a recession and paid record bonuses by investing interest free money from the Fed into stocks and commodities.

There has been no recession for Goldman Sachs, JPM, or Citibank.

 

[code1211]

NYT: Adding Up the Government’s Total Bailout Tab $12.2 Trillion

Bloomberg: Financial Rescue Nears GDP as Pledges Top $12.8 Trillion

CNN: Fed made $9 trillion in emergency overnight loans

Politico: Bailouts could cost U.S. $23 trillion

And who profited from all of that?

Big banks who made record profits in a recession and paid record bonuses by investing interest free money from the Fed into stocks and commodities.

There has been no recession for Goldman Sachs, JPM, or Citibank.

The thread asks which is more damaging: The Bush Recession or the Obama Recovery.

It sounds as if you are coming down on the side of the Obama recovery.

 

[Mini 14]

I'm with you.

I'm not sure if we can absorb any more recovery.

 

[mudwhistle]

That is a success story.

only if you are a bankster.

Enter Obama.

He spent another 350 Billion of the TARP funds, about 850 Billion on the Failed Stimulus and committed to spending another Trillion on the Insurance Scam to bilk more cash from businesses and dissolve the insurance industry.

After a year and a half, we have a record deficite, stubbornly high unemployment that doesn't seem to want to go down and a population that is steadily growing more pessimistic.

To my way of thinking, the Bush recession was a blip of a problem compared to the Obama Recovery. The Bush Recession would have been cleared up by the following summer if the banking system was stabalized, which it was. Spending the other 2 Trillion scared the bejeezuz out of everyone.

Sp4ending the other 2 trillion was just more medicine for the banks. It did little to help the unemployment picture but it did shore up banking.

Get this straight and be certain of it: The Federal Reserve is a cabal of bankers. Federal economic policy since 1913 has never been about saving the middle class or the general economy, hence free trade, globalization and our too big to fail policies.

The ONLY thing we care to address at a national level regarding our economy is keeping oil cheap and saving the banks no matter how fraudulently they perform.

Our entire economy is managed for the benefit of the banks. WORD!

Tell me something I don't know.

Obama has no intention of solving problems when he can use them again and again to get elected to office.

 

[JRK]

Which is the most damaging? Which is the most attributable to the policies of the Incumbant President?

The Bush Recession occurred after a crisis in the financial sector and the Bush administration spent 350 Billion on stabalizing that part of the economy. It became stable and is now thriving.

That is a success story.

Enter Obama.

He spent another 350 Billion of the TARP funds, about 850 Billion on the Failed Stimulus and committed to spending another Trillion on the Insurance Scam to bilk more cash from businesses and dissolve the insurance industry.

After a year and a half, we have a record deficite, stubbornly high unemployment that doesn't seem to want to go down and a population that is steadily growing more pessimistic.

To my way of thinking, the Bush recession was a blip of a problem compared to the Obama Recovery. The Bush Recession would have been cleared up by the following summer if the banking system was stabalized, which it was. Spending the other 2 Trillion scared the bejeezuz out of everyone.

I'm not sure we can survive this "recovery".

In a time of every word counts, every time
your post is very accurate
your title needs changing
have a good day