How Much Credit Should Obama Get For The Recovery?

[Chris]

I usually don't either blame or credit presidents for the economic situation. Mainly what happens is beyond their control. But this time I think it may be a little different. Obama's taken some steps some other presidents would be afraid to go. He's taken some political risks, in other words, which appear to be paying off. Should he get more than normal credit for the recovery?

The stimulus saved us from another Great Depression, so both Obama and the Democrats and Republicans who voted for it deserve kudos.

The stimulus saved the country from another Great Depression.

When the economy is in a deflationary spiral, the government MUST be the demand of last resort. Even the Republicans realized that. That is why so many of them voted for the stimulus.

Oh, I forgot to mention....the stock market has doubled in the last few years.

 

[Chris]

He gets credit for it being so sluggish.

It would have been more robust if he hadn't put his lead foot on it with the healthcare boondoggle.

If he had actually paid attention to his stimulus and HAMP and made sure they were doing what they were designed to do instead of taking his eye off the ball I would have to be giving him credit now.

What a bizarre post.

Healthcare reform has nothing to do with the recovery.

You're exactly right, because of employees not wanting to hire right now because they dont want to be sucked into having to provide healthcare to them through this new law. You're exactly right, it has absolutely nothing to do with any type of RECOVERY. Because there is no recovery, and 50% of the reason is the new healthcare law.

Link?

 

[Chris]

When does this rumored recovery actually start? We heard this song before, like in 'recovery summer' and all.

Meaningless. This is a debt crisis. You don't fix it by creating more debt. Economies are systems, not pumps or engines, that you can prime. All we did was was stimulate it. We did not fix the problem and the problem is debt.

This is a dead cat bounce. Wall street will crash and the economy will tank.

Count on it.

Want to bet?

 

[Conservative]

When does this rumored recovery actually start? We heard this song before, like in 'recovery summer' and all.

hey, dip-shit...
GDP recovery since the recession: Deep freeze | The Economist

As the chart below shows, by this gauge Canada is still 1% below its pre-crisis level and America is 3.5% down.

If the shortfall in GDP relative to trend in each year since 2007 is totted up, America has suffered a cumulative loss of $4 trillion, equivalent to a stunning $13,000 for each person. Stockmarkets and newspapers will cheer when growth rates eventually pick up, but most of the income that has been lost since the crisis began will never be recouped.

 

[grunt11b]

It'd be more robust if the Republicans would stop putting demagoguery ahead of what's best for the country.

You're a friggen idiot if you actually believe that. Even the democrats dont wanna pass obamas jobs bill, as a matter of fact, they are the biggest block in the road for it, if it wasn't for the democrats in the senate voting no against it, it might pass to the congress for a vote.
Poor Richard's News - Democrat-controlled Senate votes down Obama’s “jobs” bill

The blame goes exactly where it should go, the democratic party, and unless you get your head out of the msnbc,cnn,abc and cbs ass, you wont even know it. Theres the link, read it.

 

[grunt11b]

Wheres that graph from? The huffington post website?

 

[Chris]

Wheres that graph from? The huffington post website?

Are you really this uninformed?

WASHINGTON — Conservative Republicans have long clamored for government downsizing. They’re starting to get it — by default.

Crippled by plunging tax revenues, state and local governments have shed over a half million jobs since the recession began in December 2007. And, after adding jobs early in the downturn, the federal government is now cutting them as well.

States cut 49,000 jobs over the past year and localities 210,000, according to an analysis of Labor Department statistics. There are 30,000 fewer federal workers now than a year ago — including 5,300 Postal Service jobs canceled last month.

By contrast, private-sector jobs have increased by 1.6 million over the past 12 months. But the state, local and federal job losses have become a drag on efforts to nudge the nation’s unemployment rate down from its painfully high 9.1 percent.

The economy has been expanding, at least modestly, since the middle of 2009. And state and local governments are usually engines of job growth during recoveries. But not now, said economist Heidi Shierholz of the labor-aligned Economic Policy Institute.

“The public sector didn’t start to lose jobs right away. But then it did as the budget crunch really hit. State governments are not allowed to run deficits. So the private sector is expanding while the public sector is shedding jobs — to the tune of 35,000 jobs a month,” she said.

Private-sector jobs slowly returning, but being dragged down by rising government layoffs - The Washington Post

 

[whitehall]

The only way to understand the left is to accept the fact that they are bi-polar. What political faction could condemn Wall Street and at the same time brag that their guy caused the stock market to go up? The fact is that the stock market will always go up regardless of the fact that democrats desperately want to see America reduced to a 3rd world socialist nanny-state. That's what democrats are about. America is in hock to China because China produces goods and energy. Obama tells us that solar panels, gigantic hazardous batteries and the hum of inefficient windmills will someday free us from fossil fuels while he is selling the US down the tubes. Why can't the left realize that there is no green energy and global warming is a scam created by our enemies?

 

[Conservative]

well, at least the moron Chris dropped the 'the GDP is proof of recovery' nonsense.

 

[Chris]

well, at least the moron Chris dropped the 'the GDP is proof of recovery' nonsense.

The economy is recovering.

 

[Listening]

The stimulus saved us from another Great Depression, so both Obama and the Democrats and Republicans who voted for it deserve kudos.

I can't believe people are still spouting this tripe.

You can never prove this point, so trying to make it only makes you look foolish.

I realize you guys need to keep telling this so the toilet we are in does not smell so bad to you.

 

[Chris]

The only way to understand the left is to accept the fact that they are bi-polar. What political faction could condemn Wall Street and at the same time brag that their guy caused the stock market to go up? The fact is that the stock market will always go up regardless of the fact that democrats desperately want to see America reduced to a 3rd world socialist nanny-state. That's what democrats are about. America is in hock to China because China produces goods and energy. Obama tells us that solar panels, gigantic hazardous batteries and the hum of inefficient windmills will someday free us from fossil fuels while he is selling the US down the tubes. Why can't the left realize that there is no green energy and global warming is a scam created by our enemies?

Reagan and the two Bushes created 93% of the National Debt by lowering taxes for the rich.

ReaganBushDebt.org

Bush allowed Wall Street to run a $516 trillion dollar derivative Ponzi scheme that destroyed the world economy.

The Republicans are responsible for defunding the government and destroying the economy.

 

[Listening]

Oh, I forgot to mention....the stock market has doubled in the last few years.

I sold my portfolio eight years ago when the market was higher than it was now.

It dropped by over half and then came back up to close to where it was. It ALWAYS does.

If you want continue your wet dream that President Obama is still even remotely responsible for this....have plenty of sheets on hand becasue you will be changing your bed every day.

 

[Chris]

The stimulus saved us from another Great Depression, so both Obama and the Democrats and Republicans who voted for it deserve kudos.

I can't believe people are still spouting this tripe.

You can never prove this point, so trying to make it only makes you look foolish.

I realize you guys need to keep telling this so the toilet we are in does not smell so bad to you.

 

[theliq]

Of course there is a recovery,4% growth,but NO thanks to the conservative morons,who think they and only they have the answers....which is complete BS as we saw in the death throses of the W Bush administration.

Cons and Repubs should BUTT OUT,because they couldn't organize a PISS UP IN A BREWERY.

VIVA OBAMA Oooooo Yeah..theliq...looking forward to the 1st Family in AUSTRALIA soon,where they will be treated with RESPECT,something Conservative Americans no nothing of,because they have NO SELF RESPECT as has been clearly shown in the past number of YEARS.As for STIMULUS our was great and helped many folk,we skirted the worst of the Global ressession,we got behind OUR GOVERNMENT >>>>>>>AND WON,we did it ourselves but Thanks to the "American RIGHT" for trying to get us in the SHIT...you failed.

I usually don't either blame or credit presidents for the economic situation. Mainly what happens is beyond their control. But this time I think it may be a little different. Obama's taken some steps some other presidents would be afraid to go. He's taken some political risks, in other words, which appear to be paying off. Should he get more than normal credit for the recovery?

What "recovery?"

 

[C_Clayton_Jones]

I usually don't either blame or credit presidents for the economic situation. Mainly what happens is beyond their control. But this time I think it may be a little different. Obama's taken some steps some other presidents would be afraid to go. He's taken some political risks, in other words, which appear to be paying off. Should he get more than normal credit for the recovery?

You should have stopped after your second sentence.

Obama deserves neither credit nor blame.

 

[Listening]

Reagan and the two Bushes created 93% of the National Debt by lowering taxes for the rich.

ReaganBushDebt.org

Bush allowed Wall Street to run a $516 trillion dollar derivative Ponzi scheme that destroyed the world economy.

The Republicans are responsible for defunding the government and destroying the economy.

ROTF.....

You claimed the market doubled in the last couple of years like President Obama took it to new heights. Which he didn't. It simply got back close to where it was under Bush...but is still below the level it was eight years ago.

You are a fraud.

Now Reagan created all this debt.

What did the stock market do under Reagan ???

Pray tell...please share.

 

[Sundial]

When does this rumored recovery actually start? We heard this song before, like in 'recovery summer' and all.

hey, dip-shit...
GDP recovery since the recession: Deep freeze | The Economist

As the chart below shows, by this gauge Canada is still 1% below its pre-crisis level and America is 3.5% down.

If the shortfall in GDP relative to trend in each year since 2007 is totted up, America has suffered a cumulative loss of $4 trillion, equivalent to a stunning $13,000 for each person. Stockmarkets and newspapers will cheer when growth rates eventually pick up, but most of the income that has been lost since the crisis began will never be recouped.

2007 was the second to last year of Bush's presidency. The recovery started in 2009, several months after Obama took office. If the 2007 recession cost "$13,000 for each person" approximately $11,000 of happened while Bush was president.

 

[Listening]

Of course there is a recovery,4% growth,but NO thanks to the conservative morons,who think they and only they have the answers....which is complete BS as we saw in the death throses of the W Bush administration.

Cons and Repubs should BUTT OUT,because they couldn't organize a PISS UP IN A BREWERY.

VIVA OBAMA Oooooo Yeah..theliq...looking forward to the 1st Family in AUSTRALIA soon,where they will be treated with RESPECT,something Conservative Americans no nothing of,because they have NO SELF RESPECT as has been clearly shown in the past number of YEARS.

I usually don't either blame or credit presidents for the economic situation. Mainly what happens is beyond their control. But this time I think it may be a little different. Obama's taken some steps some other presidents would be afraid to go. He's taken some political risks, in other words, which appear to be paying off. Should he get more than normal credit for the recovery?

What "recovery?"

My guess is that if he didn't screw up their economy...they might be happy to see him.

If the PM of Australia does not mess ours...I'd welcome him here.

I am happy to see President Obama go to Australia.....I hope he stays for the next six months.

 

[Listening]

You should have stopped after your second sentence.

Obama deserves neither credit nor blame.

The smartest thing you can say about this or any other President.

Why do we vote for someone we think will "fix" things. We purposefully created a government where that was not possible.