bush Recession/Obama Recovery

Discussion in 'Economy' started by code1211, Aug 13, 2010.

  1. code1211
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    code1211 Senior Member

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    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".
     
  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says, "Dat's right - it's dem activist politicians muckin' up the recovery...
    :eek:
    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.
     
  3. KissMy
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    KissMy Free Breast Exam

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  4. skeptic
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    skeptic BANNED

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    only if you are a bankster.

    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!
     
  5. skeptic
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    skeptic BANNED

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    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.
     
  6. code1211
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    code1211 Senior Member

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    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.
     
  7. Mini 14
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    Mini 14 Senior Member

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    I'm with you.

    I'm not sure if we can absorb any more recovery.
     
  8. mudwhistle
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    mudwhistle Diamond Member

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    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.
     
  9. JRK
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    JRK Senior Member

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

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