Obama inherited the worst Recession in U.S. history

[Nova78]

Obama inherited the worst Recession in U.S. history ,and gave us massive mental and economical Depression in return ..........

 

[The T]

Because his marxist/communist handlers didn't teach him that. Only the opposite .

-Geaux

Are you insinuating he is a mouthpiece with great power that is doing the bidding of others?

(I agree. The man isn't as bright as he appears).

Without his teleprompter, he doesn't appear bright at all.

 

[Darkwind]

Speaking of short memories......

Bush was the only office holder from 2004 to 2008 I take it?

No, his Republican handlers also held office.

Not a single Democrat huh?

Do you realize how this makes you look? How foolish you appear to be by not acknowledging the role that the Democrats played in this recession? Or that Obama was part of the reason we ended up with this recession?

I thought as much.

 

[The T]

I wish someone had made an actual count of how many times obama said, 'the previous administration'.

Not often enough
Remember, "Conservatives learn nothing and forget nothing" (Rousseau)

Do you realize the conflict in that statement? Didn't think so...you quoted it...

 

[healthmyths]

Well, if he knew he couldn't handle the job maybe he never should have run.

Well someone had to inherit the Bush/Republican mess, and America was not going to give Republicans another chance to make it worse!

Ever ....

OK for the UMPTEENTH TIME... WHERE in the F...k were you when THESE EVENTS OCCURRED??
Were like you are now with your head in the sand not knowing what was going on from 2001 to 2008?
TELL me these events DIDN"T OCCUR??
Dummy! REFUTE THAT ALL OF THESE EVENTS NEVER HAPPENED!!! Tell me NONE of it occurred!

In spite of almost one million jobs destroyed during Dot.com bust, recession, 9/11 and worst hurricane SEASONS in history.. Bush average 5.3% unemployment!

Substantiation:

DID THIS HAPPEN??
1) Dot.com bust cost $5 trillion in lost market value.. this means every year for 30 years now starting in 2000 the federal revenue is over $20 billion written off against taxes owed.
How many people LOST jobs due to the bust??
According to the Los Angeles Times, when the dot-com bubble burst, it wiped out $5 trillion dollars in market value for tech companies. More than half of the Internet companies created since 1995 were gone by 2004 -
and hundreds of thousands of skilled technology workers were out of jobs.
The dot-com bubble: How to lose $5 trillion ? Anderson Cooper 360 - CNN.com Blogs

DID THIS HAPPEN??
2) Did YOU forget that 9/11 occurred and it cost $2 trillion over the next 30 years again $8 billion will NOT BE PAiD.. was that Bush's fault?
Jobs lost in New York owing to the attacks: 146,100 JUST in New York!!
Year 2001: September 11 Terrorist Attacks
The 9/11 terrorist attacks were the events that helped shape other financial events of the decade. After that terrible day in September 2001, our economic climate was never to be the same again. It was only the third time in history that the New York Stock Exchange was shut down for a period of time. In this case, it was closed from September 10 - 17. Besides the tragic human loss of that day, the economic loss cannot even be estimated. Some estimate that there was over $60 billion in insurance losses alone.
Approximately 18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
The Top 10 Financial Events of the Decade

DID THIS HAPPEN??
3) $1 trillion in written off losses due to the WORST Hurricane SEASONS in history!
The worst Katrina made landfall in Louisiana as a Category 3 in 2005. It took 1,836 lives and caused $81.2 billion in damages. Andrew slammed into South Florida in 1992 as a Category 5. It caused 40 deaths and $30 billion in property damage. More than 250,000 people were left homeless and 82,000 businesses were destroyed or damaged.
Hurricane Katrina ALONE! Year 2005: Hurricanes Katrina and Rita
On August 25, 2005, Hurricane Katrina hit the Gulf Coast of the U.S. as a strong Category 3 or low Category 4 storm. It quickly became the biggest natural disaster in U.S. history, almost destroying New Orleans due to severe flooding.

Hurricane Rita quickly followed Katrina only to make matters worse. Between the two, more than $200 billion in damage was done. 400,000 jobs were lost and 275,000 homes were destroyed. Many of the jobs and homes were never to be recovered. Hundreds of thousands of people were displaced and over 1,000 were killed and more are missing. The effect on oil and gasoline prices was long-lasting.

400,000 jobs due to Hurricanes Katrina/Rita
145,000 jobs in NYC alone due to 9/11
300,000 jobs lost due to dot.com busts.

Almost 1 million jobs alone from those 3 events

All of this while having almost $60 billion a year in tax revenue due to the above losses !

FACT! The HIGHEST gross REVENUE to the Federal Government in HISTORY.. 2007 2,567,985,000 Revenues ; Expenses:$2,728,686,000 -160,701 deficit decline
Historical Tables | The White House

• Year Receipts Outlays Surplus or Deficit (–)
• 2000 2,025,191 1,788,950 236,241
• 2001 1,991,082 1,862,846 128,236 Dot.com Bust, 9/11, Recession
• 2002 1,853,136 2,010,894 -157,758
• 2003 1,782,314 2,159,899 -377,585 tax cuts took affect worst hurricanes SEASONS in history
• 2004 1,880,114 2,292,841 -412,727 biggest deficit..,, worst hurricanes SEASONS in history
• 2005 2,153,611 2,471,957 -318,346 deficit decline,,worst hurricanes SEASONS in history
• 2006 2,406,869 2,655,050 -248,181 deficit decline,,worst hurricanes SEASONS in history
• 2007 2,567,985 2,728,686 -160,701 deficit decline
• 2008 2,523,991 2,982,544 -458,553 housing bubble
• 2009 2,104,989 3,517,677 -1,412,688 TARP,Stimulus
• 2010 2,162,706 3,457,079 -1,294,373 This doesn't look like $600 billion deficit???
• 2011 2,303,466 3,603,059 -1,299,593 This doesn't look like $600 billion deficit???
• 2012 2,450,164 3,537,127 -1,086,963 This doesn't look like $600 billion deficit???
• 2013 2,712,045 3,684,947 -972,902 estimate
• 2014 3,033,618 3,777,807 -744,189 estimate
• 2015 3,331,685 3,908,157 -576,472 estimate
• 2016 3,561,451 4,089,836 -528,385 estimate
• 2017 3,760,542 4,247,448 -486,906 estimate
• 2018 3,973,974 4,449,240 -475,266 estimate

Gross Domestic Product Largest in history!!
When Bush took office in 2001 GDP was $12.355,271,000,000
when Bush left office in 2008 GDP was $14,359,490,000,000
A 16% increase in GDP or $2 TRILLION.

Bush growth of the GDP was greater then Clinton in 2005 GDP grew at 6.5% Clinton's best:6.4%

Measuring Worth - Measures of worth, inflation rates, saving calculator, relative value, worth of a dollar, worth of a pound, purchasing power, gold prices, GDP, history of wages, average wage

NOW you dumb f...k! Please refute THESE FACTS!!!

 

[mudwhistle]

Well, if he knew he couldn't handle the job maybe he never should have run.

Well someone had to inherit the Bush/Republican mess, and America was not going to give Republicans another chance to make it worse!

Ever ....

You talk as if Obama wasn't in government before 09'.

 

[hjmick]

Well, if he knew he couldn't handle the job maybe he never should have run.

Well someone had to inherit the Bush/Republican mess, and America was not going to give Republicans another chance to make it worse!

Ever ....

You talk as if Obama wasn't in government before 09'.

He was "present..."

 

[drivebymedia]

Speaking of short memories......

Bush was the only office holder from 2004 to 2008 I take it?

No, his Republican handlers also held office.

Not a single Democrat huh?

Do you realize how this makes you look? How foolish you appear to be by not acknowledging the role that the Democrats played in this recession? Or that Obama was part of the reason we ended up with this recession?

I thought as much.

Bush and Republicans own the Recession - it happened on their watch with their policies.

But keep trying, Rush and Hannity always listen to their chorus ....

 

[drivebymedia]

Well someone had to inherit the Bush/Republican mess, and America was not going to give Republicans another chance to make it worse!

Ever ....

You talk as if Obama wasn't in government before 09'.

He was "present..."

But not as "present" as Bush and the Republicans ....

 

[drivebymedia]

NOW you dumb f...k! Please refute THESE FACTS!!!

The FACT is the Great Recession happened on Bush's watch.

The FACT is Bush and his Republican policies were the Conservative bible - which guaranteed the worst Recession in U.S. history.

Bush and Republicans own the recession and all the crap that has happened with his 2009 Budget which Republicans have protected.

Stay cool son, it will only get worse for you ....

 

[mudwhistle]

Well someone had to inherit the Bush/Republican mess, and America was not going to give Republicans another chance to make it worse!

Ever ....

You talk as if Obama wasn't in government before 09'.

He was "present..."

Ohhhhhhh.....that explains why he wouldn't do anything before he ran for POTUS.

 

[mudwhistle]

NOW you dumb f...k! Please refute THESE FACTS!!!

The FACT is the Great Recession happened on Bush's watch.

The FACT is Bush and his Republican policies were the Conservative bible - which guaranteed the worst Recession in U.S. history.

Bush and Republicans own the recession and all the crap that has happened with his 2009 Budget which Republicans have protected.

Stay cool son, it will only get worse for you ....

Yet the "Great Recession" ended before Obama could sign a single bill into law. The recession ended only a few months after he took office.

 

[freedombecki]

I can't find a President who made a faster recovery against the worst Recession in U.S. history.

The one that historians have already labeled the "Great Recession"

Anyone?

So all that deficit money he borrowed is how Obama eluded the worst recession in U.S. History? Here is Obama saying he inherited a $1.3 trillion deficit:

[ame=http://youtu.be/6jJvkkNmR_8]Obama Declares Plan to Cut Deficit in Half - YouTube[/ame]

It's now $16,888,500,000,000.00+ trillion.

So he spent $15 trillion before the American people put in a Republican majority House to stop him?

Our grandchildren have to repay a National Debt of $17 trillion so we can support a government that spends like a drunken sailor for 8 years just to postpone America paying its national debt?

You know, driveby, you can fool some of the people some of the time, but you can't fool all of the people all of the time.

 

[The T]

I can't find a President who made a faster recovery against the worst Recession in U.S. history.

The one that historians have already labeled the "Great Recession"

Anyone?

So all that deficit money he borrowed is how Obama eluded the worst recession in U.S. History? Here is Obama saying he inherited a $1.3 trillion deficit:

[ame="http://youtu.be/6jJvkkNmR_8"]Obama Declares Plan to Cut Deficit in Half - YouTube[/ame]

It's now $16,888,500,000,000.00+ trillion.

So he spent $15 trillion before the American people put in a Republican majority House to stop him?

Our grandchildren have to repay a National Debt of $17 trillion so we can support a government that spends like a drunken sailor for 8 years just to postpone America paying its national debt?

You know, driveby, you can fool some of the people some of the time, but you can't fool all of the people all of the time.

And only uniformed low info voters (like Drivebymedia) buy it.

Know or could care less about their own liberty and how they have been lied to about it.

Founders? Who? What? Oh! Old dead people...

 

[drivebymedia]

NOW you dumb f...k! Please refute THESE FACTS!!!

The FACT is the Great Recession happened on Bush's watch.

The FACT is Bush and his Republican policies were the Conservative bible - which guaranteed the worst Recession in U.S. history.

Bush and Republicans own the recession and all the crap that has happened with his 2009 Budget which Republicans have protected.

Stay cool son, it will only get worse for you ....

Yet the "Great Recession" ended before Obama could sign a single bill into law. The recession ended only a few months after he took office.

Really ... the 8 million jobs Bush and Republicans killed came back in just a few months?
... the DOW doubled from the Bush/Republican crash in just a few months?

My my, Obama did better than we thought!!

 

[JBvM]

Well, if he knew he couldn't handle the job maybe he never should have run.

Well someone had to inherit the Bush/Republican mess, and America was not going to give Republicans another chance to make it worse!

Ever ....

You talk as if Obama wasn't in government before 09'.

Was he? For how long? LOL

 

[JBvM]

NOW you dumb f...k! Please refute THESE FACTS!!!

The FACT is the Great Recession happened on Bush's watch.

The FACT is Bush and his Republican policies were the Conservative bible - which guaranteed the worst Recession in U.S. history.

Bush and Republicans own the recession and all the crap that has happened with his 2009 Budget which Republicans have protected.

Stay cool son, it will only get worse for you ....

Yet the "Great Recession" ended before Obama could sign a single bill into law. The recession ended only a few months after he took office.

The Great Recession | Federal Reserve History

Facts will become evident soon enough

 

[IsaacNewton]

I can't find a President who made a faster recovery against the worst Recession in U.S. history.

The one that historians have already labeled the "Great Recession"

Anyone?

It's recorded in the history books regardless of what cons want to say or do. They'd love to rewrite history Stalin-style. but it isn't going to happen cons. Orange turd inherited a great economy with a 4.8% unemployment rate. Obama inherited The Great Bush Recession with 10.2% unemployment.

It's etched in stone who presided over the greatest recovery ever. And cons just hate that.

 

[Toddsterpatriot]

NOW you dumb f...k! Please refute THESE FACTS!!!

The FACT is the Great Recession happened on Bush's watch.

The FACT is Bush and his Republican policies were the Conservative bible - which guaranteed the worst Recession in U.S. history.

Bush and Republicans own the recession and all the crap that has happened with his 2009 Budget which Republicans have protected.

Stay cool son, it will only get worse for you ....

Yet the "Great Recession" ended before Obama could sign a single bill into law. The recession ended only a few months after he took office.

The Great Recession | Federal Reserve History

Facts will become evident soon enough

Lasting from December 2007 to June 2009,

Poor Obama.....5 months of recession, it's a miracle he survived.

 

[Toddsterpatriot]

I can't find a President who made a faster recovery against the worst Recession in U.S. history.

The one that historians have already labeled the "Great Recession"

Anyone?

It's recorded in the history books regardless of what cons want to say or do. They'd love to rewrite history Stalin-style. but it isn't going to happen cons. Orange turd inherited a great economy with a 4.8% unemployment rate. Obama inherited The Great Bush Recession with 10.2% unemployment.

It's etched in stone who presided over the greatest recovery ever. And cons just hate that.

It's etched in stone who presided over the greatest recovery ever.

You bet.

But that's not Obama.....weakest recovery since WWII.