NYcarbineer
Diamond Member
Bush had already bailed out the auto industry, over Congress' objections. March 2009 was 2 months after Obama assumed office. Most of the damage had been done. All he needed to do was nothing. But of course we cant let a crisis go to waste.LOL! You've failed at every post you've made here. You just shwoed that Obama inherited a recession that had bottomed out already and an economy that was on the rise. He promptly turned that to the slowest growth "recovery" i n history. Yes, you've shown that.Yes the recession was over. Until Democrats passed his legislation.
You just arent doing well here, dum-dum.
Would knowing how much fun we liberals have mauling you change your willingness to be mauled?
History of U.S. Recessions Causes Lengths Stats
2008-2009 Recession
TheGreat Recessionwas the worst sincethe 1929 Depression. The economy shrank in five quarters, including four quarters in a row. Two quarters shrank more than 5%, including Q2 2008which fell a whopping 8.9%, more than any other recession since the Great Depression. The recession ended in Q3 2009, when GDP turned positive,thanks to economic stimulus spending. The recession was also the longest since the Depression, lasting 18 months.
2008
· Q1 -2.7% (0.4%)
· Q2 2.0% (1.5%)
· Q3 -1.9% (-2.7%)
· Q4 -8.2% (-5.4%)
2009
· Q1 -5.4% (-6.4%)
· Q2 -0.5% (-0.7%)
Auto Industry Bailout GM Ford Chrysler
The federal government took over GM and Chrysler in March 2009. It fired GM CEO Rick Wagoner, and required that Chrysler merge with Italy's Fiat SpA. It took advantage of the take-over, setting new auto efficiency standard to force the companies to become more competitive against Japanese and German firms.
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Another Ribbid lie exposed. The Auto industry bailout did not occur until March 2009. W's recession was as deep as any that we have ever seen.
Right...."most of the damage had been done" is right. The damage you are speaking of is the George W Bush presidency, right?
He walked into that one like a cartoon character walking past the edge of a cliff and remaining suspended in mid air, until he realizes what he's done. lol