Dayam, ya lyin' con tool.... you never stop lying, do you? Ever.Please, step out of the hiveObama came into a righwting conservative shipwreck, and Trump walked onto a steady ship of state (thank you Mr Obama).Mehh. The public's satisfaction is only Obama's policies coming to fruition.
Some people actually believe that, you know.
I'll ask you the same question I've asked, Faun, JB! Maybe you can answer it for me! What economic policies of Barack Obama is it that "steadied" the Ship of State?
Obama’s Economic Record: An Assessment
quotes: The scale of the financial panic of 2008 and the extent of the job losses that occurred in the first months of 2009 should never be forgotten. By “a number of macroeconomic measures—including household wealth, employment and trade flows—the first year of the Great Recession in the United States saw declines that were as large or larger than at the outset of the Great Depression in 1929-30,”
The Federal Reserve, the Federal Deposit Insurance Corporation, and Hank Paulson, President Bush’s Treasury Secretary, all played key roles in quelling the panic. But the Obama Administration finished the job, continuing the crisis measures that had been introduced, pushing through the rescue of the auto industry that Paulson had set in motion, and carrying out a set of stress tests that restored confidence in the big banks. The new Administration also boosted the over-all level of demand in the economy with an eight-hundred-and-forty-billion-dollar stimulus package, which featured temporary tax cuts and more federal spending. By the second half of 2009, the gross domestic product was growing again. By October, 2009, the unemployment rate had peaked, at ten per cent. If other policy decisions had been made, things could have been very different, and much worse.
At seven and a half years long, the Obama recovery now is one of the longest on record.
Well now...let's dissect your little "assessment"...shall we?
I agree with the first sentence because TARP under Bush played a HUGE role in quelling the panic! Not only did it prop up the financial institutions...it was done in such a way that we not only were repaid every dime that we loaned out but were paid interest on those loans as well! Contrast that with how Obama used TARP funds. The money that we gave to the auto industry we not only didn't receive interest on...we didn't get back billions that we gave them!
Now let's take a look at the 840 billion dollar stimulus package! Other than the tax cuts...you progressives managed to spend a whole lot of money and create so few new jobs that they had to hide how bad it was behind "Jobs Created or Saved" which is a totally made up number!
The truth is that Barack Obama oversaw the worst recovery from a recession since The Great Depression...and it would have been FAR worse if the Democrats hadn't gotten their asses handed to them in the 2010 mid terms!
As you've been shown, the term, "jobs created or saved," predates the implementation of ARRA. It was used before they passed it, so clearly, it wasn't used to hide jobs. It was part of their proposal before ARRA ever passed.
And here's what you call the worst recovery since the Great Depression...
You'll note (I hope), the rate of job growth has remained constant for the last 8 years and 3 months (99 months straight now) How could that be possible if it's the worst recovery since the Great Depression?
Because if you knew anything at all about the history of recessions you would know that most deep recessions are followed by rather rapid recoveries! The two that stand out are ones that didn't follow that pattern...The Great Depression...and The Great Recession!