The recession officially ended in June 2009, but everyone knows that the economy did not fully recover until much, much later. Obama's stimulus package absolutely helped the economy recover much more quickly and it prevented a second Great Depression. We were losing 700,000 jobs per month in Jan 2009 when Obama took office.
If it wasn't for immediate passage of the stimulus bill after Obama took office, then the recession absolutely would not have ended in June 2009. Even if the effects of the stimulus weren't felt immediately, the renewed optimism resulting from the bill prevented a continued free fall of the stock market and slowed down the hemorrhaging job losses.
The recession officially ended in June 2009, but everyone knows that the economy did not fully recover until much, much later.
Of course it took much, much longer to fully recover.
Obama's stimulus package absolutely helped the economy recover much more quickly and it prevented a second Great Depression.
That's funny. After the recession was over, why would it drop into a second Great Depression?
Even with all of Obama's **** ups and regulatory overreach, the Fed wasn't going to let Obama's slowest recovery since WWII turn into a deflationary depression.
If it wasn't for immediate passage of the stimulus bill after Obama took office, then the recession absolutely would not have ended in June 2009.
Baloney. There was barely any "stimulus" spending by June.
the renewed optimism resulting from the bill prevented a continued free fall of the stock market
You think the optimism of the government union employees bailed out by this "stimulus" bill really boosted the stock market? By the way, the stock market bottomed out in March, again, before any of the spending could really take place. Details, I know, you're not too good at them.