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Unless you lived through the Great Depression, this probably goes without saying. Though Obama didn't cause the latest economic crisis and things are gradually improving.
Fun fact: After the crash of October, 1929 and subsequent Great Depression, the stock market did not recover it's pre-crash value until the 1960s, almost 40 years later. Anyone who believes that our second worst economic crisis in history is supposed to magically heal in the course of one presidential term is nuts, especially when it's not only the US economy at play here. Our world is so connected that what happens in the rest of the world plays a part as well.
Unless you lived through the Great Depression, this probably goes without saying. Though Obama didn't cause the latest economic crisis and things are gradually improving.
Fun fact: After the crash of October, 1929 and subsequent Great Depression, the stock market did not recover it's pre-crash value until the 1960s, almost 40 years later. Anyone who believes that our second worst economic crisis in history is supposed to magically heal in the course of one presidential term is nuts, especially when it's not only the US economy at play here. Our world is so connected that what happens in the rest of the world plays a part as well.
Amen!
What couldn't be more wrong is that many of these blame massively slow recovery following 2001 recession (which was pretty mild compared to the 2007-2009 recession) on.... 9/11 forgetting that the recession was actually over in Nov 2001. If anything, these slow recoveries should be a cause for alarm that it didn't begin with Obama taking office, but dates back to 2001.
What couldn't be more wrong is that many of these blame massively slow recovery following 2001 recession (which was pretty mild compared to the 2007-2009 recession) on.... 9/11 forgetting that the recession was actually over in Nov 2001. If anything, these slow recoveries should be a cause for alarm that it didn't begin with Obama taking office, but dates back to 2001.
Actualy king george did a few things to avoid a recession. Things I did not agree with for many reasons. I can understand them, as no president wants a recession during his first term. To know the fallout from that all he had to do was ask his dad.
That being said, when one abvoids the inevitable ( thats all he did) when it does finaly happen it is magnafied.
Actualy king george did a few things to avoid a recession. Things I did not agree with for many reasons. I can understand them, as no president wants a recession during his first term. To know the fallout from that all he had to do was ask his dad.
That being said, when one abvoids the inevitable ( thats all he did) when it does finaly happen it is magnafied.
As if Presidents controlled recessions, and when they do or don't want to have it.
Did dubs not do things to avoid a downturn? as stupid as it was.
He did at the applause of the conservatives, twice: EGTRRA (the 2001 tax cuts) and JGTRRA (2003 tax cuts). What ultimately seemed to have worked though, is allowing the largest of the financial giants to lend at over 30:1. Now, the banks didn't need as much reserve to lend, as they would have had to otherwise. And there went the boom. Oh, the glory years: 2005-2006.
I don't know anything about this blog or its lack of credibility that many posters here have alleged. However I glanced thru some of the numbers, and what I saw was nothing different from what I see in the MSM every day.
When are people going to come out of denial and admit that while Obama inherited a bad situation, he made it worse. There are a lot of people really suffering in this economy. A lot of kids are looking at a crap Christmas, and as long as said denial persists those kids are screwed.
The funny thing is if a Republican were president, Republicans would be blaming the economy and the amount of people becoming poor on "a lack of personal responsibility".
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