- Feb 12, 2007
- 59,439
- 24,100
- 2,290
Let's face it: Obama's economic policies are total failures. We have had years of zero interest rates and enormous deficit spending. The results aren't pretty. Unemployment is high, job creation is low, workforce participation is back to levels of the early 80s, disability is the fastest growing source of income for people, asset values are inflating for no good reason other than the value of money is declining, industrial production is flat, etc etc. The press of course remains cheerleaders for Obama so most people dont realize how dismal it really is.
Obama is the msot failed president ever. George W Bush's policies were far better and produced far better numbers. Bush inherited a recession and turned it around in 18 months. Obama inherited a recovery and turned it around for 5 years.
You're saying that the recession of 2001 is comparable to the 2007 recession?
You can go to Federal Reserve Bank of Minneapolis and compare many aspects and differences between the recessions of 2001 and 2007. Here's the link: The Recession in Perspective - Compares output and employment changes during the present recession with the same data for the 10 previous recessions - The Federal Reserve Bank of Minneapolis
Anyway one looks at it, comparing the tiny recession in 2001 to the recession of 2007, which is the largest and deepest recession since the Great Depression is completely insane. 2001 was historically a fairly shallow recession but it took longer than average to recover, when comparing it to other recessions.
Uh, that's not a graph of recessions - it's a graph of job recovery after the bottom of a recession. It shows what an Epic Fail Obama's policies have been. They've led to the worst recovery ever. After $6T in additional debt, we are still 3M jobs short of the last peak level. We should have turned net positive with 18-24 months of the bottom - but when government spending as a percent of GDP is increased by 25%, it squashes out private sector activity (and the creation of Real Jobs).
Making this situation even more depressing is that ObamaCare is destroying full time jobs.