PoliticalChic
Diamond Member
- Thread starter
- #161
Bush's "deer in a headlights" reaction turned a Recession into the Great Bush RecessionIt was still plunging when Obama took the oathIt had bottomed out in January/February. It started to turn before the TARP was distributed.
It was not until Obama signed the Stimulus that it reversed
It bottomed out in January 2009. It leveled out and then turned toward recovery. The stimulus money didn't get doled out and it was only a small part, in the summer of 2009.
The market kept dropping an additional 2000 points after Obama took office. We were still losing 400,000 jobs a month
It didn't reverse until after stimulus was passed and the panic subsided
January was the worst and then losses started to slow. It wasn't a depression, one was not prevented. The recession was going to occur no matter who was in office. It started by a series of events that started in the 70's. Bubbles ran out in 2008. It should have totally collapsed in 2001.
Obamas actions prevented a Depression
"Obamas actions prevented a Depression."
Really???
Like this?
"In a stunning Tuesday report, Gallup CEO and Chairman Jim Clifton revealed that “for the first time in 35 years, American business deaths now outnumber business births.”
Clifton says for the past six years since 2008, employer business startups have fallen below the business failure rate, spurring what he calls “an underground earthquake” that only stands to worsen as lagging U.S. Census data becomes available.
“Let’s get one thing clear: This economy is never truly coming back unless we reverse the birth and death trends of American businesses,” writes Clifton." Economic Death Spiral: More American Businesses Dying Than Starting - Breitbart
Soooo....which is the best description of you...
Liar....
or Fool???
'Fess up.