Obama saved not just the USA but the world economy as well.
He certainly was magic!!!
What did he do to save the US (and world) economy?
You should really check out the reports by the CBO, me boy. Because as a con troll, you think nothing he did helped. But, the CBO predicted that his actions likely kept us from a depression that was likely to result from the Great Republican Recession of 2008.
Or you could consider the annual analysis by FactCheck.org, done yearly. Consider this one, completed at the end of his term in office:
Obama's Final Numbers - FactCheck.org
The analysis was for the term of Obama's time in office. It included:
1. Employment increased by 11,64 million. The ue rate decreased from about from about 10% to 4.8%. And job openings increased by 103%.
2. Corporate Profits increased by 103%, and the S & P index increased by 166%.
3. Wind and Solar Power production went up 369%, Carbon Dioxide emissions decreased by 11%, and crude oil production increased by 77%.
So, the only thing that affected jobs and the economy in a good way for many years was the ARRA, or Obama Stimulus. Republicans did nothing, except meet on the eve of Obama taking office and agree to stop anything that Obama wanted to do, since they owned congress.
you think nothing he did helped.
Sure, running massive counter-cyclical deficits can help reduce unemployment and increase GDP.
You have to look at cost-benefit.
His cost, $9.3 trillion in added debt, was pretty large, his benefit, the weakest recovery since WW2, kinda sucked.
Really, me boy, the national debt increases for more than one reason. Is that too difficult for you to understand????? Repubs put millions and millions out of work, and they receive unemployment comp. And, me boy, when the did not work they did not pay taxes. And the deficit increased, as it always does, me boy, when the ue rate is high.
Need more education, or are you as I suspect just playing stupid.
the CBO predicted that his actions likely kept us from a depression
Predicted? LOL!
Yes, me boy. We were loosing jobs at over 1M per month. Heading for a depression by the prediction of many economists, and the cbo. So, we have you, a con troll, or the cbo. My money is on the cbo.
Employment increased by 11,64 million.
Wow! His added debt was about $800,000 per job.
Not really. But just think how bad it would be to loose several million MORE jobs, dipshit.
crude oil production increased by 77%.
It's true, a lot of economic growth happened despite Obama's actions.
So, the only thing that affected jobs and the economy in a good way for many years was the ARRA, or Obama Stimulus.
The vast majority of which was spent after the recession already ended in June 2009.
Correct, but the UE rate decreased during that period from 9% to 4.8%. And revenues increased, and spending on unemployment decreased. Did you have a point, me boy?
Republicans did nothing, except meet on the eve of Obama taking office and agree to stop anything that Obama wanted to do, since they owned congress.
Ummm.....Obama had massive majorities in the House and Senate when he took office.
That, me boy, is a lie. He lost the majority in the senate after several months, and both the house and senate 2 years in. Is that all you ever do, me boy? Just post con talking points and lies??
If you really cared, you would be unhappy with what the republicans did, which was NOTHING. Perhaps you would like to enlighten us about what you think Repubs did to help the issue. Cause most of us thinking people believe they just watched the economy suffer. For their own advantage.
