My guess is that unemployment might be 0.5% better without Obama's policies. (Though, it might be higher if the Tea Party were in power.)
But history tells us that recoveries from balance sheet recessions are long and slow. I see no reason why America would be any different. In fact, it might be slower because unlike other countries with balance sheet recessions, America has a much more difficult time devaluing its currency which helps alleviate the contraction.
*shrugs* thx for the response.
I don't disagree that we would not be 'recovered', I disagree on your employment number and, whats more, on the issues we have had before us comprehensive scale, to wit-
his own policies or allowances have basically made it attractive for the banks et al to park money and earn in safety, instead of loan, after we have created the conditions that/to recapitalize/save them from their own misadventures to boot, I know you know this.
He has floated the housing market way past time, on a cornucopia of prgms that did nothing to help 'floor' it, which just keeps the wheels dug in, so any hang over adds to the drag we are experiencing now as well.
he has not been serious about jobs in a sense that, he just doesn't understand or doesn't want to, what fosters growth.
how many examples do we need? he told who was it charlie gibson(?) that raising taxes in a harsh economic environment wasn't wise, BUT, it was FAIR, he purposely and with forethought has hamstrung the energy sector from his federal perch, one of the few bright spots in the economy is the explosion in Private sector energy development, not that the EPA has not tried to unhinge that too, so add up this and the rest of it, he has not met with his cabinet or job council since jan., yes January, a hard edged vehement axe wielding rhetoric vis a vis biz, his total concentration on obamacare, if you think all of that is only worth a half a percent in unemployment, well, you are entitled to your opinion but I disagree, strongly.
and now here, to my point- he was not the man we needed.
some may think it unfair to ask someone who hasn't the tools to do a job that requires that which they do not have, well, not me.
he fully volunteered for and actively campaigned for the job, he is not performing, he refuses to learn and is hide bound to his viewpoint despite the results, which even in the asset bubble and balance sheet recession may be harder than most really is not germane in that in 4 years, we are in almost every context worse or just marginally better off than were we started, we elect and pay for performance, its not personal, it just .....is.
