gipper
Diamond Member
- Jan 8, 2011
- 67,182
- 35,783
- 2,605
Where did I state it didn’t?The bank thing began a wee bit before Obama took office.You do realize that having a recession as you come in is a golden opportunity to have HUGE growth as you set the economy back in order.Out of morbid curiosity, you don't take that meme seriously do you?
You do realize that in 2009 Obama had just inherited the effects of the Meltdown, right?
You do realize that Trump inherited a growing economy and plummeting unemployment rate, right?
And you compare the two like that?
Holy crap, Jim, fer fuck's sake, tell me you're just goofing around.
.
But all Horse poopoo aside, the numbers speak for themselves.
The Establishment totally screwed the pooch with MBS, CDOs, and CDSes that turned a bubble into a catastrophic meltdown, and Obama did keep things together at least with some very strong Keynesian policies and QE.
But once that period was over, it gave us a very tepid period of weak economic growth with spurts time to time from government spending programs.
and of course instead of breaking up the banks and prosecuting those who deserved it, O bailed out the banks and prosecuted no one. He did almost nothing for the American people who were harmed by the crazed speculation committed by Wall Street. Today the banks are even bigger and more politically powerful than when O took office.
These facts are often forgotten about O. He clearly was a corporatist masquerading as a progressive.
.