- There was no Depression
- Obamacare wasn’t a solution...it is part of the problem
- Didn’t save auto companies....simply bailed out the unions
- Iran is still working on their nuke program with UN's blessing
- Recognized Cuba? And what did that solve? Nothing. Now Cubans can't escape and come to America. They will automatically be deported without legal recourse, no thanks to president big-ears.
Yes...Thanks to President Obama, there was no Depression
If he listened to Republicans and allowed the banks and auto companies to fail, tried to balance the budget and provided no stimulus.....there would have been
It takes 18 months for a president's policies to take full effect. So why did the Great Recession end on June of 2009? Could it be that the left stopped ******* up the economy?
Obviously you don't know a thing about economics.
No it doesn't take 18 months...there is no one size fits all for economic policies
Obama's economic policies took effect immediately because there was a panic among investors. The economy was going to collapse and they wanted to take their money out before it did. Employees were let go in anticipation of a Depression
Obama stood up and proclaimed the US Government would stand behind the banks, prevent the auto companies from collapsing and infuse $800 billion into the economy
At that point the panic subsided. Investors started to put money back into the economy....there were some good buys to be had
Employers stopped the layoffs and eventually started hiring again
The stock market reversed, employment and GDP went positive
Thanks to President Obama....he prevented a Depression
And he also lowered sea-level at the same time.
The recession was caused by negativity in the markets. Once a new president was elected it caused a more positive outlook to prevail, but it was shortlived which resulted in a weak economy and little or zero growth. Unemployment slowly recovered not in reality but statistically. People stopped looking and as the unemployed ran out of benefits they dropped from the stats. At the same time labor participation tanked to a level close to the Great Depression. The rich got richer and the poor got on government assistance. All Obama had to do to improve the economy was do nothing, but instead he made it worse with massive tax increases and intrusive regulations jacking up the costs of everything from Cigarettes to meat products. The cost of a steak went from $3 to $10. A Hostess apple pie went from 50 cents to $1.50. in a few months.
Obama got a participatory Nobel Prize, considering the fact that he caused unrest in the Middle East which caused a massive flood of refugees to invade Europe. Sexual-assaults have skyrocketed in European countries. An explosion of terrorist acts in Paris, London, and the US is the result of Obama and his Arab Spring. Race relations in America is in the toilet and getting worse. Gays are suing bakeries, pizza restaurants or anyone else who refuses to participate in same-sex marriages.
We are not talking about negative economic pressure
We are talking about economic panic that caused investors to bail on the market and caused employers to lay off hundreds of thousand of workers in expectation of an economic collapse
Yes...we know Republicans urged Obama to do nothing and let the economy work itself out. We saw what happened when Bush did exactly that. The economy turned from a minor recession to full blown collapse as Bush stood by and did nothing
What if Obama had done what Republicans urged him to do?
Allow the banks to continue to collapse
Allow the auto companies to collapse
Don't put any money into the economy
Balance your budget
Republicans would have led us into a Depression and then blamed Obama