rightwinger
Award Winning USMB Paid Messageboard Poster
- Aug 4, 2009
- 285,041
- 157,766
- 2,615
With Fingerboy, I would opt for a combination of all threeRecessions happen all the time, and then the economy recovers. Obama's recovery is the slowest and weakest since the Great Depression. Judging Obama's policies by comparing now to the bottom of a recession is the sure sign of a moron.
Stop digging, or is the theory of holes too difficult for you to comprehend? Recessions do not happen all the time! Saying they do is a lie!
The Great Recession impacted the entire nation and most of our people. The free fall began in October 2008, before Obama was elected and three months before he took the oath of office.
Those ^^^ are facts, your opinions are absurd on this issue, and too many others to comment upon.
Recessions happen on average every 7 years, moron. The so-called "Great Recession" would have been an ordinary recession if Obama had resisted the urge to cure it. Everything he did just made it worse. He turned a normal recession into a catastrophe. That's what Democrats do.
It was already way passed an ordinary recession when Bush left office
Losing 750,000 jobs a month is not ordinary, a stock market dropping from 14,000 to 8,000 is not ordinary, Banks and auto companies collapsing is not ordinary
Obama stopped a depression, one of his greatest accomplishments
There's no such thing as an "ordinary recession." BTW, the recession Carter handed Reagan was worse. Within two years Reagan had GDP growth at over 7%.
From this link: The 13 Worst Recessions, Depressions, and Panics In American History
1973-75 Recession
This period stood apart from many other U.S. recessions as it was marked distinctly by stagflation – the combination of high unemployment and high inflation. The United States faced a surge in oil prices due to OAPEC’s (Organization of Arab Petroleum Exporting Countries) oil embargo, combined with increased spending due to the Vietnam War and a stock market crash after the collapse of the Bretton Woods monetary relation system, officially putting an end to the economic boom which followed WWII. Unemployment peaked at 9% and, although the recession is recognized as having ended in 1975, the country experienced low economic growth for years afterwards.
Early 1980’s Recession
In the late 1970’s, inflation was on the rise in the United States, in part left over from the 1973 recession. As a result, the Federal Reserve tightened monetary policy considerably, in turn causing investment purchases to drop as capital became less available. By winter of 1982, however, inflation continued to drop and unemployment rose for several years.
Current Recession
It is difficult to say whether this current recession will be regarded as one of the worst in American history, but it is certainly shaping up that way. The result of an economy built on overextended consumer credit and risky mortgages, the crisis began in March, 2008 as investment bank Bear Stearns became the first of dozens of major American institutions to fail or be bailed out by the Fed. Bear Stearns would soon be joined by AIG, Lehman Brothers, GM, and Countrywide, to name a few. Unemployment has hovered just below 10% for nearly two years. It remains to be seen whether we are in the midst of a recovery or if this is just the eye of the storm.
My question for bripat: Are you a pathological liar, or a simpleton who simply echoes bullshit from bullshiters?