Obama did the right thing by stepping back and allowing the Fed to pour $4.5 TRILLION into markets. It was the easiest, best and most obvious time to buy stocks since the Dot Com explosion in the 90's, because we knew the Fed was subsidizing everything. The economy was so trashed there were few options.
Obama gets 100% credit for that. But let's not pretend that he was an economic genius.
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I agree. He wasn’t an economic genius, but he does deserve some credit for getting us on course. Trump has great economic potiential with his pro business agenda. But he and his followers are giving him way too much credit way too early. They cant say in one breath that Obama’s numbers were fake and then tout Trumps success and genius for the same numbers a few months later. Just looking for honest debate here.
Well, compared to what I've seen from conservatives since the Meltdown - it wasn't that big of a deal, it was barely a recession, we didn't really have to do anything, etc., etc., holy shit - Obama deserves all the credit, at least comparatively.
I'm not going to have an opinion of Trump's value for a while. He's exploded the ******* deficit and that's indirectly driving things. If it works, fabulous. There are some very hopeful signs, but we have a long way to go. They do tend to forget that when pointing at the numbers.
We'll see, huh?
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Ummmm, it was terrible, I agree with you 100%.
Did Obama do the correct thing? Some say yes, some say no, that determination is beyond my expertise.
Where I like to debate, is WHO actually caused the circumstances that started, continued, and did NOTHING about the looming problem when brought to their attention!
If you mean the Meltdown, the roots of it go back to Glass Steagall, Clinton, Rubin, Summers, and (maybe worst) Greenspan. They opened the floodgates on that shit and then had Greenspan's back when he refused to regulate derivatives.
Later Greenspan would say, essentially, "oops, yeah, sorry, my bad".
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Yep, and that tells me 1 thing---------> Bill Clinton was highly intelligent; may have been our smartest President ever. (and I sincerely mean that) And yet, by trying to do something good with government policy, he and the geniuses screwed us! Whenever the government insists they know better, they end up creating a BIGGER problem. That is why far leftists, or regressives, scare me...…...because they see themselves as sooooooo smart, are going to get into government, and use the machinations of it, to fix EVERYTHING that ails us.
Let me tell everyone something---------> Do you think the USSR was full of DUMB people? How about Venezuela? Here you have ALL these examples of SOCIALISM, where the government knew better, and they failed.
And here we are, the only experiment ever to try this, and how are we doing? And yet, every time we allow the government to get involved with what we are doing, we end up screwed!
People who worship government are FOOLS! To our great luck, the world is FULL OF FOOLS, which is why we have held the position we have for so long. But, the LEFT will have none of it, they want our country to become as dumb as the rest of them, and have practiced in our largest cities, to show everyone their stellar ideas, and how they work.
Are we all now impressed with their ideas-)
