- Mar 11, 2015
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- #181
GDP rose slightly more under Obama than Bush and a bit less than Trump so far.According to the right, all a president has to do to spur growth is to show up, like Trump.So? The cost to our economy persisted beyond that date. Jobs were still being lost during the remainder of that year. Ultimately about 9 million jobs were lost from Bush’s Great Recession and it took about 4 years just to break even. That’s 6 years of lost revenue. Trillions of dollars lost in the housing markets, more lost revenue. Another trillion to keep the economy afloat.
Much of the debt under Obama was derectly due the the collapsed economy Bush handed him.
The cost to our economy persisted beyond that date. Jobs were still being lost during the remainder of that year.
Absolutely.
And what did Obama do to encourage business?
Was it his increased regulations?
It worked for Obama....
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According to the right, all a president has to do to spur growth is to show up, like Trump.
Growth works better if you're not trying to strangle it.
What was Obama's average growth in GDP?
Would he have had more growth if he added even more regulations?
What about cap & trade? Would that have given him a year of +3%?
Your point is?
GDP rose slightly more under Obama than Bush
Despite $9.3 trillion in new debt and all those new jobs we got "slightly more"?
Weird, Obama must have done something wrong.
Maybe you talk to congress about that. After that, face the truth of the depression this nation was facing that Obama saved us from. He handed Trump a healthy economy at full employment with jobs already being made.