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He didn't have a "compliant" Congress. In any way, shape or form. He had a Congress that was extremely divided, very partisan, and that put their own agenda far ahead of his.
He staved off a full fledged depression. That is what we were all facing when Bush left office and where we would have been for unknown years, had it of not been for the stimulus. Obama may not be perfect, but he's been better than Bush. Okie for Obama 2012 Let it rip!
We're IN a full-fledged Depression. We never got out of it. Unemployment has been above 8% for years. And now we have a $16 trillion national debt, and a huge government so out of touch that they continue waging multiple wars overseas despite our infrustructure crumbling and Social Security's Trust Fund being spent long ago with the Baby Boom just now aging into retirement.
"The Depression [in the wake of the financial crisis] was temporarily interrupted by a bunch of stimulus which ultimately weakened the economy further," says Schiff. He adds the government's likely knee-jerk response of stimulating is, "probably going to be the fatal dose, the lethal dose" prior to "a complete economic collapse"...."The reason we can't grow the economy is because the government is in the way... There's no jobs because there's no recovery." Double Dip Recession? More Like Depression Says Peter Schiff | Breakout - Yahoo! Finance
"The US economy is in a 1930s-style Depression, Gluskin Sheff economist David Rosenberg said Tuesday." News Headlines
"The United States isn’t merely double-dipping back into recession, but worse — it's in the early stages of a depression that will strangle the economy possibly for years to come, says Robert Prechter, president of Elliott Wave International..."We're in the early stages, so we don't have the severe unemployment, the severe bread lines and that sort of thing..." "I don’t think we ever left the first recession" Prechter: We're In a Depression That Will Last for Years
Besides, Obama followed ALL of Bush's failed policies: bailouts, stimulus, endless foreign warmongering. All he did different was add on the Obamacare that was supposed to make health care more accessible, and instead will result in massive LOSS of health insurance as costs explode and employers no longer can afford to offer it.
Isnt it funny how the liberals rail against the OP stating Obummers didnt have a compliant congress and that the Repugs filibuster campaign was just to much to overcome?
Then how in the **** did we end up with that monumental POS Obamacare?
Guess the *******s were motivated enough to pass that.
We're IN a full-fledged Depression. We never got out of it. Unemployment has been above 8% for years. And now we have a $16 trillion national debt, and a huge government so out of touch that they continue waging multiple wars overseas despite our infrustructure crumbling and Social Security's Trust Fund being spent long ago with the Baby Boom just now aging into retirement.
"The Depression [in the wake of the financial crisis] was temporarily interrupted by a bunch of stimulus which ultimately weakened the economy further," says Schiff. He adds the government's likely knee-jerk response of stimulating is, "probably going to be the fatal dose, the lethal dose" prior to "a complete economic collapse"...."The reason we can't grow the economy is because the government is in the way... There's no jobs because there's no recovery." Double Dip Recession? More Like Depression Says Peter Schiff | Breakout - Yahoo! Finance
"The US economy is in a 1930s-style Depression, Gluskin Sheff economist David Rosenberg said Tuesday." News Headlines
"The United States isn’t merely double-dipping back into recession, but worse — it's in the early stages of a depression that will strangle the economy possibly for years to come, says Robert Prechter, president of Elliott Wave International..."We're in the early stages, so we don't have the severe unemployment, the severe bread lines and that sort of thing..." "I don’t think we ever left the first recession" Prechter: We're In a Depression That Will Last for Years
Besides, Obama followed ALL of Bush's failed policies: bailouts, stimulus, endless foreign warmongering. All he did different was add on the Obamacare that was supposed to make health care more accessible, and instead will result in massive LOSS of health insurance as costs explode and employers no longer can afford to offer it.
We were never in a depression and the economy is currently growing, albeit slowly.
I'm not going to read all the links, but the first one misquotes the Economist article, which by the way is from Dec 2008.
Another important implication of this distinction between a recession and a depression is that they call for different policy responses. A recession triggered by tight monetary policy can be cured by lower interest rates, but fiscal policy tends to be less effective because of the lags involved. By contrast, in a depression caused byfalling asset prices, a credit crunch and deflation, conventional monetary policy is much less potent than fiscal policy.
From the Prison Planet article:
A depression is characterized by “falling asset prices, a credit crunch and deflation,” according to the article, all factors that we see unfolding in the current crisis.
From the Economist article:
A search on the internet suggests two principal criteria for distinguishing a depression from a recession: a decline in real GDP that exceeds 10%, or one that lasts more than three years. America’s Great Depression qualifies on both counts, with GDP falling by around 30% between 1929 and 1933.
http://www.bea.gov/national/index.htm#gdp
GDP percent change...................GDP percent change
based on current dollar...............on chained 2005 dollars
Needing 60 votes to get anything passed isn't having free reign
He had all the votes he needed until Teddy Kennedy up and died on him. That is counting 2 independents who voted with the Dems all the time and 3 RINOs who voted with them too much of the time.
So you're agreeing with my point that it wasn't really a compliant congress, basically contradicting your own thread.
PS. Do you think the US government has "Check and Balance" of powers in place?
Not the way Obama has circumvented the Congress with his use of executive orders.
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