Slade3200
Diamond Member
- Jan 13, 2016
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I have critiques on Obamas spending as I'm a small government guy, but I also see a lot of lies and distortion with how people portray Obamas actions. How much of the debt do you put on Obamas shoulders? Are you of the opinion that there should have been no stimulus and no regulations on the banks after the crash?I wouldn't give him stellar marks for his performance as he ran up a pretty large debt but he did bring stability to a country that was in free fall. Specifically, 2008 stimulus spending and bailouts, regulating the banks that got us in the mess, and the additional tax cuts that gave another stimulus boost in 2010. These were the key components to the positive direction he took the economy and employment situation. We've also seen a double in the stock market over his term. Again I'll say, his term want without some mis steps, but it's not nearly as bad as most of his opponents make it out to be.Historically an administration is always given credit for good outcomes or blamed for bad outcomes. That seems to always lead to clashes in what are the causes and effects. I'm not going to get into a pointless never ending discourse at that level.an you point out the economic policies Barack Obama put in place that got unemployment to go down? What his policies were to grow the economy?
During Obama's two terms the stock market more than doubled. Let's see how Trump does at the end of his term before jumping to cause and effect conclusions....yet the stock market is growing so strongly since Donald Trump's election
So you can't come up with an Obama policy that grew the economy or decreased unemployment? Noted...
A "pretty large debt"? Ah, he added more debt than almost all of the Presidents before him combined, Slade. That's not a pretty large debt...that's an amazingly high debt and it would have been even higher if the Democrats hadn't lost control of the House in 2010. What in the 2008 Stimulus did you think led to job creation? If you'll remember, the Obama Administration had to come up with a new economic statistic "jobs created or saved" because the number of jobs they created was so embarrassingly small. The Stimulus protected public sector employees temporarily from being laid off while it essentially ignored those in the private sector. As soon as that stimulus money ran out however States and local governments were forced to lay off large numbers of people because the economy wasn't responding and there wasn't money coming in through revenues from the private sector to pay for public sector salaries. The TARP program started by George W. Bush was the main driver of the recovery...and to be blunt...it was handled much better by the Bush folks than by the Obama folks. We the taxpayers got paid back by the financial institutions that borrowed TARP money under the Bush Administration...but we got left holding the bag on many of the loans made by the Obama Administration. We're still out a ton of money on the GM bailout.