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- #421
The stimulus saved us from another Great Depression.
When an economy is in a deflationary spiral, the government has to be the demand of last resort.
Now the lying Republicans, who created the crisis, are trying to re-write history.
Three years into Obama's term and the stimulus we have no growth and high unemployment. How is that saving us from anything?
Gov't as demand of the last resort is a failed program. It has failed every time it was tried. Only fools and simps believe otherwise.
To prove your point, I need this information:
1. Explain what he tried, using specific pieces of legislation or executive orders, and explain, with numbers, what the result was.
2. Show us the trend before and during his term, for job loss.
3. Give us some basis for what it would have been, had the same policies been kept in place, not his.
4. Do simple math and compare the status quo to what he did.
Until you do those 4 things...you havent proven it was Obama that f'd up.
We already know that nothing will persuade you that Obama is a total failure. This is partly because your knowledge base in economics is close to zero. Partly because your knowledge of history is close to zero. Partly because your ability to reason is close to zero. And partly because you are just damned stupid.
But if you compare recoveries in the previous recessions to this one, and compare gov't intervention you will find that never have we had as lackluster growth as we have now, nor have we had as high unemployment.
But here's a Wiki article with a chart on recessions. Notice that in the post war recessions, none has lasted longer than this one.
List of recessions in the United States - Wikipedia, the free encyclopedia
Here's another site that compares recoveries. Notice how lackluster this one has been compared, esp to 1980.
The Recession in Perspective - Compares output and employment changes during the present recession with the same data for the 10 previous recessions - The Federal Reserve Bank of Minneapolis