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- Jun 13, 2009
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Just for the record -- recession means the economy is shrinking, and the last one was over in the summer of 2009. Depression means the economy is staying below its potential (because a lot of able people are not working) -- and it is far from over.
Bush did not have to deal with depression because the recession of 2000-2001 was not deep enough and could bounce on it own when Fed dropped the rates to zero. Obama had to deal with far worse a crisis -- this time Fed could not stop depression and Obama had to improvise with the stimulus. And it would have worked, if not for Republican obstruction.
Please describe this "Republican obstruction." And please explain why the Democrats have not passed a budget in the last three years because Harry Reid won't allow any budget to be debated on the Senate floor? Please explain how the Senate, not allowing House bills out of committee for debate and vote is not obstructionism.
I'm not sure what are you asking? Do you want to know the mechanics of Republican obstructionism? Or are you implying that it was Harry Reid fault that Jobs Act did not pass the Senate?
Not a single Republican wanted his/her fingerprints on anything that could be interpreted as an attempt of further stimulus, because he would -- and I quote -- "his/her head served up on a platter". And now you are asking "what obstructionism"?
I want to know how it is just one sides fault???
Can you handle that?????