bripat9643
Diamond Member
- Apr 1, 2011
- 170,170
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No it wasn't.No it wasn't. Obama made it worse with his noxious economic policies.
Who has evidence that the budget was going to be in surplus? Perhaps if inflation went to 30% and interest rates went to 50%. Carter's economy was headed for a crash. It was only a matter of when it would occur.
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spot the dots.....
Obama made it worse with his noxious economic policies.
neat trick, given that the recession ended in June. 2009...
and here is why...
The real economy also responded to the massive stimulus but remained heavily dependent on it. In the United States, growth during the second half of 2009 probably averaged about 3 percent. Absent temporary fiscal stimulus and inventory rebuilding, which taken together added about 4 percentage points to U.S. growth, the economy would have contracted at about a 1 percent annual rate during the second half of 2009.
The Year Ahead
Before you bleat something stupid, bear in mind that this is an economist from AEI......(yeah, I know....you have no idea what that is....trust me....it is NOT "Obama friendly")
We aren't discussing just the length of the period that economists define officially as a "recession." We're discussing the performance of Obama's economic policies for his entire term, and they suck.
Claiming the economy "would have contracted" without Obama's magic elixir is pure abracadabra. Economists have a poor record of predicting what the economy will do. Their prognostications are almost entirely worthless.
The bottom line is that Obama's economic numbers suck.
Bri,
Where did you get the idea that your Bold Assertions carry any weight?
Do you understand how argument works?
They aren't mere "assertions." I posted the damning evidence. You continue to ignore it.
Nah.....you posted some idiocy sourced from an illiterate calling itself "robo" something.....
and dated crap from "Liberty Works" or whatever....
Here's me doing you a massive solid
Federal Reserve Economic Data - FRED - St. Louis Fed
Whenever you are looking for information about the economy......unless, of course, you prefer it predigested.....
Your Federal Reserve data doesn't prove a damn thing, moron.