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".
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".