That has nothing to do with it. Face facts. DumBama was the most anti-business President of our lifetime. He never did anything positive for business other than to continue some of Bush's policies. But business was responsible for what recovery we had--not Obama. If Obama actually did positive things for business, his recovery legacy would be unsurpassed.
Yep, you heard it here first - expansionary policies like tax-cuts, spending, low interest rates and financial sector stibalization doesn't help bussiness.
For one, DumBama is not in charge of interest rates. Interest rates didn't increase until his second term because things were so unstable. Tax cuts? On businesses? When? The last time DumBama addressed taxes, he raised it on businesses. Spending? You mean the spending that the Republican Congress created?
Thats interesting because the entire ******* campaign The Donald was running around saying exactly the opposite:
Donald Trump: Obama keeping down interest rates; Fed ‘obviously not independent’
Reality is monetary policy happens without direct orders, but certainly with presidential blessing. If Obama wanted high interest rates he had the levers to make that happen.
Stimulus has poured ~870 billion dollars of liquidity into a stalled economy - in what freaking world does that NOT help bussiness?
Obama also extended almost all of Bush's tax-cuts that were to expire in 2012. Again how can it possibly not help?
What you say is easily shown to be COUNTERFACTUAL bs.
What a terrible memory you have Anton. I said outside of extending Bush's policies..........
One giving their blessings does not make him or her the decider of the action. Once again, giving credit where credit isn't due.
870 billion right down the drain. It mostly went to the minute tax cuts he gave in SS that people barely noticed, and to his union friends in various government entities.
Now the only thing that "happened" for businesses during his tenure was pumping phony money into the stock market called quantitive easing. That did help businesses and individuals alike. But I can't really credit DumBama for that. It was the Federal Reserves who took that action. It made more millionaires than ever.
The problem with Obama is he wanted to run everything and went in over his head. He wanted to orchestrate the auto industry, the banking industry, the food industry, the lending industry, the healthcare industry. In the end, he made things worse for those industries than better. You can't pass a law that a health insurance company MUST use 85% of their premium collections to pay healthcare claims. It doesn't work that way. Insurance agencies use premium money to invest. The profits made are what helps pay the claims. DumBama F'd that all up.