DOTR
Gold Member
- Oct 24, 2016
- 14,270
- 3,524
Actually...you proved nothingAuto companies would have failed. GM was below a dollar a shareMaybe 8 years of hope and change would have been more successful if it didn't start during the worst recession in decades, ya dip.
Maybe it would have been more successful without a Republican party doing everything in its power to ensure the recovery would fail. If Obama had followed the Republican advice to allow the banks and auto companies to fail, put no money into the economy and practice austerity and balance the budget.....we would have had a Depression
We would have recovered completely within 18 months. Are you such an illiterate you never heard of the Japanese Experience?
Obama was the first president in history to never have a year of 3% growth. After throwing trillions away. Thank God if the GOP stepped in but in my opinion they didn't do a damn thing right. Over 12 trillion dollars was handed out. The International Monetary Fund says we spent 82% of GDP, over 12 trillion dollars above the normal "safety net". Obama added 7.9 trillion to the national debt in the guise of recession relief. I wish to God some republicans had had the spine to stop the spending. But the GOP jumped in with over 250 billion with Bush as a final goodbye.
But you always want more don't you? Maybe 100% of GDP? What happened to "shovel ready jobs" and "infrastructure" rebuilding.
Have you noticed interest rates are still at stimulus levels? A recovering economy should be over 5%. Long term average is 6%. But the economy is still on life support. Quantitative Easing has still not been unwound.
Failure. Just like the decades of Japanese recession fighting.
Obama created government jobs. Private sector jobs disappeared. For every 250,000 fake government jobs he created 1 million real jobs disappeared forever.
American Recovery and Reinvestment Act of 2009 - Wikipedia
Never forget the philosophy of the Obana Administration. "Never let a crisis go to waste"
Banks were collapsing
Stimulus turned around the stock market and employers stopped laying off workers
Demanding austerityduring a recession is the quickest path to inducing a Depression
Republicans wrong on all counts
I just proved otherwise.
If Obama had done what Republicans urged, we would have fallen into a depression
If. And we are still on a crippled economy. Brilliant.
The Republicans couldn't wait to give money away. And they did.