dudmuck
Diamond Member
Yeah. the O/B economy shed millions of jobs till the economy corrected itself. Took 'em 8 years to get the economy back to where it was before the Great Recession. 8 fucking years of sluggish economy, and their supporters think it something to crow about.Obama/Biden created 13 million jobs and dropped unemployment by 5 percent
Obama/Biden first destroyed 16 million jobs and drove unemployment up 7 points.![]()
Unbelievable!
The economy fought back IN SPITE OF Obamas policies. Blithering idiots like rightwinger are never able to point to specific Obama policies that resulted in the come back, because there aren't any.
In February 2009, Congress approved Obama's economic stimulus package that was estimated at the time to cost $787 billion. It cut taxes, extended unemployment benefits, and funded public works projects. The recession ended in June 2009 when GDP growth turned positive.
In fiscal year 2009, the American Recovery and Reinvestment Act pumped $179 billion into the economy. That increased real GDP growth to a robust rate of 3.7% in the first quarter of 2010. By the end of fiscal year 2011, about $725 billion had been spent.
By 2014, the economy benefited from having 88% of the population covered by some type of health insurance
Obama's policies put more than 10 million people to work from the depths of the recession to the end of his term. That's because unemployment continued to rise even after the recession ended in July. It takes a few months of economic growth before businesses are confident enough to begin hiring again.