rightwinger
Award Winning USMB Paid Messageboard Poster
- Aug 4, 2009
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The Great Obama stopped a DepressionThere is no truth in you, just rhetoric, still no answer 7 times now.
Oh, nooooozzzzz!!!
A Liberal, faced with the truth...posts 'is not...isssssss nootttttttttttt!!!'
And still no answer. Do you believe Agent Orange walked into a worse situation than Obama. Damn this just ain't that tough a yes or no will do. You can link articles all day on how bad you think Obama was, I get it not my cup of tea either. But you cannot say that you believe Rump walked into a worse situation. Probably because it just ain't true, you know and so do most others! Now go make me a sandwich!
As explained to you 2-3 times already, you dunce....Obama walked into no 'mess' any worse than any competent politician would expect....and he not only couldn't handle it....he made it worse.
1. There was no great mess that Hussein inherited.....just the normal sort of downturn that any competent leader could have handled...
Who says so?
Reuters:
"The unemployment rate announced three days after his [Obama's] election was 6.5%....not particularly terrible. But it was the only economic news, and had Obama insisting we were suffering "the worst economic crisis since the Great Depression."
Obama: U.S. in worst crisis since Depression
2. Obama made it worse....in fact, worse AFTER the recession ended.
"Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession
. ...the Census Bureau's Current Population Survey ....indicate that the real (inflation-adjusted) median annual household income in America has fallen by 4.4 percent during the "recovery," after having fallen by 1.8 during the recession.
Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession
3. Then, the Obamunists lied, and claimed that's just the way economies are...
“Team Obama: Sorry, America, the ‘new normal’ may be here to stay
The good times may be over for good. In a speech to the Economic Club of New York yesterday, US Treasury Secretary Jack Lew said the US GDP growth rate, adjusted for inflation, is now projected to run a little above 2% a year.”
Team Obama: Sorry, America, the 'new normal' may be here to stay - AEI
4. Then, along came Trump….
“U.S. households are back to their free spending ways, with the strength of May’s retail sales figures implying that second-quarter real consumption growth (and GDP growth for that matter) will now be more than 4% annualized.
With the benefit of the tax cuts, strong employment growth and a slow acceleration in hourly wage growth, consumption growth should remain strong going into the second half of this year,” Paul Ashworth, chief U.S. economist at Capital Economics told MarketWatch.” US economy on track for 4% GDP growth?
5. Now.....when will you be changing your avi to "STOOOPID"???
Sooo....which is Obama more of, a liar or an incompetent....
So wallstreet banks collapse every day, not one but multiple ones. 2 of the 3 major automakers collapse every downturn. Multiple banks fail and have to be propped up or bought out. That is your normal downturn, really. Not just one of these many things happening but all of them.
And I didn't even mention the whole mortgage crisis. Never mind toots you are to much of a hack to waste any time on, it is a shame your just an oxygen thief for the rest of us.
1. There was no great mess that Hussein inherited.....just the normal sort of downturn that any competent leader could have handled...
Who says so?
Left-leaning Reuters:
"The unemployment rate announced three days after his [Obama's] election was 6.5%....not particularly terrible. But it was the only economic news, and had Obama insisting we were suffering "the worst economic crisis since the Great Depression."
Obama: U.S. in worst crisis since Depression
2. Obama made it worse....in fact, worse AFTER the recession ended.
"Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession
. ...the Census Bureau's Current Population Survey ....indicate that the real (inflation-adjusted) median annual household income in America has fallen by 4.4 percent during the "recovery," after having fallen by 1.8 during the recession.
Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession
3. "And I didn't even mention the whole mortgage crisis..."
Entirely attributable to Democrat manipulations of the private housing market.
1. Democrat FDR shredded the Constitution....ignoring article I, section 8, the enumerated powers.
He created GSE's Fannie, and his drones followed with Freddie, to do something the Constitution didn't authorize: meddle in housing.
2. Democrat Carter....the CRA, constraining banking policy
3. Democrat Clinton....strengthened the CRA
Under Clinton, HUD threatened banks, again, to give unrequited loans.
Henchmen: Democrats Cisneros and Cuomo.
4. Democrats Frank and Dodd barred any governmental discipline in this area.
It was Democrats and Democrat policies that caused the Mortgage Meltdown
That's the CliffNotes version.
I don't believe you can handle the details.