Obamas done a great job .
Conservatives run around sayin "he's the worst" just cause they hate him. Saying it doesn't make it true .
Bet if he was white they'd only hate him as much as Bill Clinton Repubs are the party of bashing and hate That's ALL they do
Timmy Obama has done more for America than the last 3 republican presidents ...maybe even 4 put together
If you're talking about the debt he's done more than all of them
Remember Reagan TRIPLED and GWB DOUBLED our debt Repubs were silent
Obamas done a great job .
Conservatives run around sayin "he's the worst" just cause they hate him. Saying it doesn't make it true .
Bet if he was white they'd only hate him as much as Bill Clinton Repubs are the party of bashing and hate That's ALL they do
Timmy Obama has done more for America than the last 3 republican presidents ...maybe even 4 put together
If you're talking about the debt he's done more than all of them
No, that's one thing I didn't like about Bush.
What about the debt and Bush?
Obviously you don't have ANY memory of what happened from 2001 to 2008. Let me refresh you as to why GWB will be considered a "great" president once
the biased MSM and ignorant people who formulated perceptions provided by the biased MSM regarding GWB.
Recession Are you aware that a recession started under Clinton and became official on 3/01 ended 11/01?
RECESSIONS are like football length tankers... it takes miles to turn one...i.e. so does a "RECESSION"... it doesn't just start the day NBER states.
It is a slow degradation and it started under CLINTON!!!
Source:
USATODAY.com - It's official: 2001 recession only lasted eight months
A Major $5 trillion market loss
Are you aware that the dot.com bust occurred and cost $5 trillion in market losses?
AND GUESS WHAT LOSSES shelter other income from taxes!
So during the past few years these $5 trillion in losses have been against tax payments!
Again Clinton laid claim BUT someone had to pay and it occurred during Bush's first year!
$5 trillion in market losses MEAN lost tax revenue PLUS JOBS!!!!
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.
Source:
The dot-com bubble: How to lose $5 trillion
The worst attacks on the USA in History.. 3,000 deaths!!!
Obviously most of you are UNAWARE 9/11 cost 3,000 lives,
$2 trillion in lost businesses,market values assets.
Jobs lost in New York owing to the attacks: 146,100 JUST in New York.
Are you aware this happened???
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. Airlines didn't fly for 3 days!
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.
Source:
10 Events That Rocked the Financial World
SO AGAIN you totally ignorant people like you don't seem to know THOSE ARE BUSINESS LOSSES as well as NO INCOME coming in to the companies!
Remember the Anthrax Attacks...
The 2001 anthrax attacks in the United States, also known as Amerithrax from its Federal Bureau of Investigation (FBI) case name, occurred over the course of several weeks beginning on Tuesday, September 18, 2001, one week after the September 11 attacks. Letters containing anthrax spores were mailed to several news media offices and two DemocraticU.S. Senators, killing five people and infecting 17 others.
I lived through it and like millions had hesitation to open any suspicious envelope. That happened millions of times!
$1 trillion in losses due to the WORST Hurricane SEASONS in history.
You seem to TOTALLY forget these were the worst hurricane SEASONS in history! The worst! No presidency every faced the following:
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.
It quickly became the biggest natural disaster in U.S. history, almost destroying New Orleans due to severe flooding.
Rank Disaster Year Deaths Damage* $250 Billion in damages in the 8 disasters of the top 15 disasters in history!
1. Hurricane Katrina (LA/MS/AL/FL) 2005 1833 $133,800,000,000
6. Hurricane Ike (TX/LA/MS) 2008 112 $27,000,000,000
7. Hurricane Wilma (FL) 2005 35 $17,100,000,000
8. Hurricane Rita (TX/LA) 2005 119 $17,100,000,000
9. Hurricane Charley (FL) 2004 35 $16,500,000,000
12. Midwest Floods 2008 24 $15,000,000,000
13. Hurricane Ivan (FL/AL) 2004 57 $13,000,000,000
14. 30-State Drought 2002 0 $11,400,000,000
Costliest U.S. Weather Disasters | Weather Underground
THESE events OCCURRED!
YET in SPITE of :
a) 400,000 jobs lost due to Hurricanes Katrina/Rita ,
b) 2,800,000 jobs lost in alone due to 9/11,
c) 300,000 jobs lost due to dot.com busts...
In spite of nearly $8 trillion in lost businesses, market values, destroyed property.. IN SPITE of that:
AFTER the tax cuts Federal Tax REVENUES Increased an average of 9.78% per year!!!
Government Revenue Details: Federal State Local for 2008 - Charts
2000 $236.2 billion surplus
2001 $128.2 billion surplus
2002 $157.8 billion deficit.. also 9/11 occurred and tax revenues lowered for years later
2003 $377.6 billion deficit.. BRAND new cabinet Homeland Security, plus loans made to businesses.. again tax revenues down..affect of 9/11
2004 $412.7 billion deficit.. Revenues up by 5.5% spending increased and economy getting back.
2005 $318.3 billion deficit.. revenues up by 14.5%
deficit decreasing at rate of 22%
2006 $248.2 billion deficit.. revenues up by 11.7%
deficit decrease 22%
2007 $160.7 billion deficit.. revenues up by 6.7%
deficit decrease 35%
2008 $458.6 billion deficit.. revenues down and deficit INCREASED TARP loan mostly...
Historical Federal Receipt and Outlay Summary
Largest Gross Domestic Product 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.
So how did those gigantic events affect the Gross Domestic Product from 2000 to 2009?
So starting in 2001 132,548,000 people were working.
At the end of 2008 138,056,000 people working..
So once again tell me about the national debt increase under Bush especially the BIGGEST one time contributor TARP has paid back to the government and
made a profit!
The Troubled Asset Relief Program was passed in 2008, in the wake of Lehman Brothers' bankruptcy, as the nation's financial system was on the verge of collapse and economists feared another Great Depression. At the height of the bailout, Treasury owned a significant stake in all of the major U.S. banks, such as Citigroup (
C) and Bank of America (
BAC), two of the nation's Big Three automakers -- General Motors (
GM) and Chrysler Group (
FCAM) -- as well as one of its largest insurers, AIG (
AIG).
