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I'll give some credit to Trump for the stock market. However, the overall economy is still Obama's and the stock market mostly benefits the rich. Everything Trump has done so far with the economy is more likely to cause a recession than keep it on a healthy trajectory.
What was Obama's policy that fixed it? Was it giving money to bankers so that they could loan it back to us at 3%?
You do realize that was the policy, right?
I wasn't commenting on policies. I was commenting on the ignorance of someone saying that 8 years to recovery is the "slowest ever". I made no comment whatsoever about Obama's policies, or Trump's policies.
I wasn't commenting on policies. I was commenting on the ignorance of someone saying that 8 years to recovery is the "slowest ever". I made no comment whatsoever about Obama's policies, or Trump's policies.
Considering how dire the situation was in the fall of 2008, it's remarkable that we avoided Great Depression 2.0. I think Obama deserves credit for that (and Bush as well for that matter). Following the crash of 1929, things didn't return to normal for over a decade and the depression would have likely lasted longer if it wasn't for the war effort.
Here is an Obama solution. The best way to solve a debt crisis is to borrow more money. Yep, that's the ticket.
For example, if you owe money you can't pay, borrow more of it and invest it in a business so that you could sell it to other people who are in massive debt. In that case ,encourage your customers to also borrow more money so that every one can solve the debt problem..
"U.S. lenders bailed out by the government are returning the favor by stepping up purchases of Treasuries, helping to temper a rise in borrowing costs."
Returning the favor? That's one way of looking at it, but I think that's too gentle a way to describe it. The arrangement sounds more like a con of some kind. The Treasury borrows money to lend to the banks, and then the banks lend that money to the government so the government can hold down its borrowing costs. And of course, hundreds of millions in fees and salaries are generated through this exchange.
This is how rock bottom stupid people are. Banks received cash form the bail out and "helped" by buying US bonds which is loaning money back the the US.
Considering how dire the situation was in the fall of 2008, it's remarkable that we avoided Great Depression 2.0. I think Obama deserves credit for that (and Bush as well for that matter). Following the crash of 1929, things didn't return to normal for over a decade and the depression would have likely lasted longer if it wasn't for the war effort.
I wasn't commenting on policies. I was commenting on the ignorance of someone saying that 8 years to recovery is the "slowest ever". I made no comment whatsoever about Obama's policies, or Trump's policies.
So you have a strong opinion on something you know nothing about.
Here is an Obama solution. The best way to solve a debt crisis is to borrow more money. Yep, that's the ticket.
Did you even read your own article? It was early 2009, while the economy was deep in a recession, and lending to small businesses had come to a near standstill, so Obama was trying to free it up. Whether you like it or not, most small businesses depend on bank loans, so all he was trying to do was restore that lending to normal.
I'll give some credit to Trump for the stock market. However, the overall economy is still Obama's and the stock market mostly benefits the rich. Everything Trump has done so far with the economy is more likely to cause a recession than keep it on a healthy trajectory.
I'll be needing to know what the policy was.
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