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It's been nearly four years, and we're still sitting on an unemployment rate that's higher than he said it would never get to.
I would say that the economy is recovering in spite of Obama, not because of him.
I've been thru recessions (all of them caused by Republican presidents btw), and I would not call what happened from Sept 2008, a mere recession. That'd be like calling Yao Ming, "kinda tall."
We are recovering. Some of you may deny that Obama has anything to do with it, but we are recovering.
Btw, after all that this administration did to rescue the economy, from saving GM to saving banks to private equitying business; I found it astounding that conservatives still managed to rationalize that the economy is recovering despite Obama. Really? All the money that was injected into the economy has no effect? Really? No effect at all?
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Willard making a damn goon point that W trashed the economy, and Obama has been fixing it. Maybe he's not that nuts after all
Who said W trashed the economy?
Of course the economy has improved, but just barely.
If you compare the recovery following the 1982-83 recession, there is no comparison.
That recovery (Reagnomics) rocked with million of private sector jobs created, inflation cut by ten points, the misery index cut in half, the US Dollar's buying power restored and the price of gasoline slashed.
This recovery is creating jobs at one third the rate Reaganomics did. Inflation is up, the value of the dollar is down and a gallon of gas costs three times what it did when Reagan was president.
I've been thru recessions (all of them caused by Republican presidents btw), and I would not call what happened from Sept 2008, a mere recession. That'd be like calling Yao Ming, "kinda tall.".
A mere recession or not, they ALWAYS RECIVER NATURALLY..
Quote:
Originally Posted by beb0p
We are recovering. Some of you may deny that Obama has anything to do with it, but we are recovering.
They always recover, even when governments do nothing. Its called an economic business cycle.
Quote:
Originally Posted by beb0p
Btw, after all that the White House did to rescue the economy, from saving GM to saving banks to private equitying business; I found it astounding that conservatives still managed to rationalize that the economy is recovering despite Obama. Really?
Um, it was Bush that created TARP that saved GM, to banks and private equities businesses.
Quote:
Originally Posted by beb0p
All the money that was injected into the economy has no effect? Really? No effect at all?
Um, all of that money injected, must FIRST be removed from the economy.. Where the hell do you think they get it?
Both Romney and Inghram did. She said to Romney that Obama inherited the mess and Romney concurred. Who did Obama inherited from if not W Bush? Unless you're saying Clinton caused this great recession?
Quote:
Originally Posted by momonkey
Of course the economy has improved, but just barely.
If you compare the recovery following the 1982-83 recession, there is no comparison.
That recovery (Reagnomics) rocked with million of private sector jobs created, inflation cut by ten points, the misery index cut in half, the US Dollar's buying power restored and the price of gasoline slashed.
This recovery is creating jobs at one third the rate Reaganomics did. Inflation is up, the value of the dollar is down and a gallon of gas costs three times what it did when Reagan was president.
Reaganomics = Voodoonomics.
It was good until the economy crashed again in the late 80's. Caused directly by Voodoonomics, or have you cons already forgotten about that.
How about we institute a recovery that sustains more than just a few years this time around? How about a permanent recovery instead of another conservative quick fix?
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I've been thru recessions (all of them caused by Republican presidents btw)
ROFL
The needle on my Respect-O-Meter just pegged to the left.
Quote:
Originally Posted by beb0p
Btw, after all that the White House did to rescue the economy, from saving GM to saving banks to private equitying business; I found it astounding that conservatives still managed to rationalize that the economy is recovering despite Obama. Really? All the money that was injected into the economy has no effect? Really? No effect at all?
.
Yes, really.
Thanks for bringing up GM. Had he not done what he did, the stockholders (which includes virtually everyone with a diversified 401k) got shafted in that deal, and for what? So the government could take ownership? For a massive union payback? So profitable dealerships could be closed and all their employees laid off because of the owners' political affiliations? Yeah, that GM deal sure was great for the country. What a crock. Only UAW workers and full blown Obama worshipers believe that nonsense.
As for the effect of his spendulous plan, I'm not against some government investment during hard financial times. The problems with what he did are that he spent too much and he spent it in the wrong places. It was a failure of epic proportion, and everyone - even you - knows that to be true. You won't admit it, but you know it.
Do people have such a short memory that they cannot recall that Mitt Romney didn't see the economic crisis coming in 2008 until AFTER the market crashed?
Ron Paul saw it coming and warned us!
The economy is being propped up by quantitative easing (QE 3.5 headed to QE4) and an influx of investments from the eurozone. The shakey foundation of out monetary policy and our debt driven service based economy continues to crumble.
Quote:
Originally Posted by beb0p
Both Romney and Inghram did. She said to Romney that Obama inherited the mess and Romney concurred. Who did Obama inherited from if not W Bush? Unless you're saying Clinton caused this great recession?............
Correct, the foundations for mortgage backed derivatives trading and the housing bubble were lain during the Clinton administration. (Clue: Robert Rubins, Goldman Sachs)
Both Romney and Inghram did. She said to Romney that Obama inherited the mess and Romney concurred. Who did Obama inherited from if not W Bush? Unless you're saying Clinton caused this great recession?
Neither one even mentioned Bush.. I ignored the rest of the babble because thats all it is.
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Mittens doesn't know the economy
I ignored the rest of the babble because thats all it is.
