toomuchtime_
Gold Member
- Dec 29, 2008
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If you understood what you posted, you would understand it says the root of the financial crisis began during the Clinton administration and was inherited by Bush from Clinton and later passed on to Obama, but it does not address the fact that it was Obama's failure to address the credit contraction from the financial crisis that caused the recession.In fact, Obama inherited a financial crisis, not a recession, from the Bush administration and it was his failure to promptly address the contraction of credit the financial crisis caused that led to the recession. It is more accurate to refer to the Bush financial crisis and the Obama recession.The Great Obama faced an economy losing 800,000 jobs a month when he took officeYou do realize that 13 million americans entered the labor force under the Great Obama.......numbers Crooked Donnie can only dream aboutIf you recall, each month Obama's Labor Department cautioned us that the drop in unemployment was due, at least in part to so many Americans dropping out of the labor force out of despair of ever finding a decent job, and now all those people have come back to the labor force to find jobs, thus swelling the ranks of job seekers and slowing down the rise in wages. A loyal American would be celebrating our new prosperity instead of yearning for the bad old days under Obama.
AND YOU ARE A LIAR!!!!! NO where near 13 million jobs!
A) Where is your proof?
B) When you compare the number of jobs when Obama took office with the total now, the difference is a net gain of 11.3 million jobs
The workforce participation rate has ranged between 62.5% to 63%. That’s significantly lower than the 66% rate before the Great Recession. Workforce participation hasn’t been as low as it’s been lately since the Jimmy Carter-era economic malaise of the 1970s.
How many people have given up on seeking jobs? In 2014, FiveThirtyEight
estimated that 8 million working-age Americans were not employed but also not counted in the unemployment rate because they’d stopped looking for jobs.
Here's What Really Happened to Jobs During the Obama Years
And these people KNEW with a President making statements and policies like these there WoULD BE NO jobs!
View attachment 221102
Once he reversed the Great Bush Recession of 2008, he added 13 million jobs
ONCE again you have you bassackwards facts totally UNSUPPORTED and ignorantly displayed!
HERE is reality!
View attachment 221135
NOW TARP Was PAID back during OBAMA and he STILL ran up the highest deficits of any past 5 presidents!
FACTS FACTS FACTS NOT guesses!
I DARE YOU to find anything DIFFERENT from the BELOW FACTS!!!!!
View attachment 221136
About ten years earlier, Sweden experienced a similar financial crisis when its real estate market crashed and left the nation's banks holding huge amounts of now worthless securities. To prevent this financial crisis from causing a recession, the Swedish government immediately took over the banks and pumped enough money into them to make sure there was no contraction of credit. Mindful of the Swedish experience, her in the US left wing economists urged Obama to do the same thing, but Obama, always a politician but never a political leader, was too afraid of being branded too far left, refused and instead focused on trying to save the banks while letting the economy fall into recession. A careful review of this presidency shows he had no policies, no ideas of his own, just an endless supply of political slogans