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The end of the so called tailspin was accomplished in June 2009, that is when the economic recession ended, according to the NBER. Google it if you doubt me. None of Obama's policies even went into affect yet, so all of that was on Bush.
Not to worry though, Obama used that recession as his excused to blow over $8 trillion dollars in new debt, with nothing to show for it.
Can you point to specific Bush policies that turned our economy around? He gave some discretionary funds to the auto industry but the bulk of that work to restructure the industry and get it profitable was done under Obama.
Recessions arebmore than just the bottoming out. It's also about rebuilding and growing, establishing regulations to keep it from happening again. There's also the matter of keeping capital flowing through the system until the market can stabilize itself.
You may not agree but Keynesian economics is very well proven to work.
I guess you're a partisan who doesn't want to give anyone credit from the other team, but you're grasping at technicalities to keep that ruse going.
The end of the so called tailspin was accomplished in June 2009, that is when the economic recession ended, according to the NBER. Google it if you doubt me. None of Obama's policies even went into affect yet, so all of that was on Bush.
Not to worry though, Obama used that recession as his excused to blow over $8 trillion dollars in new debt, with nothing to show for it.
Thanks to the media, starting in Jan 2009 you actually believe fewer soldiers died.
BTW, when we reward reckless financial behavior with billions in taxpayer dollars to the banks who caused the collapse, then no bank fails, ain't that cool?
They were also penalized. Wouldn't happen under a republican prez. Penalize the Holy Grail? Heavens!
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BTW, when we reward reckless financial behavior with billions in taxpayer dollars to the banks who caused the collapse, then no bank fails, ain't that cool?
Bailing out the banks was a necessity. If nothing was done it would have caused more havoc, as there wouldn't have been any liquidity for businesses and individuals.
I wouldn't have bailed them out. I would have let the banks fail and have the government take them over, the way the government takes over insolvent banks under FDIC.
What's amusing is that Obama critics called him a socialist as he saved the pillar of capitalism. As it is, the banks have paid back all the money, with interest.
They are outraged at Hillary using an external email account but ok with it when Colin Powell did it. They also had no issue with Karl Rove using an external email server for 95% of his White House correspondence. They are also not outraged at the millions of emails deleted by the Bush Admin right when they were being investigated by the Congress.
But Hillary, 'she should go to jail.'
Yep. And by the same token, there was recently a thread here on C-D that called for Obama to be charged and tried for inciting racial violence but there was no outrage or call for the previous administration to be charged, or in any way even held accountable, for the very real war crime of torture. Selective outrage indeed.
Quote:
Originally Posted by MTAtech
Fortunately, we are arguing with the fringe right, a minority in a minority. These are the people who would have voted for Barry Goldwater and been members of the John Birch Society.
This is definitely something to keep in mind. C-D seems to be compromised of mainly far rightwingers and doesn't necessarily reflect the opinion of the majority of the country. Thank God.
Right now, polling shows about half the country disapproves of Obama, not 60%. But many of those are people who feel he's not liberal enough.
So, I think you're in an echo chamber exaggerating how unpopular he is based on those who agree with you.
Read the thread topic again, then the replies.
And no, I don't have a political figure messiah who can do no wrong nor do I hang out in echo chambers engaged in group think and cult-like behaviors, like several here.
I'm still baffled why so many radicals are in a fit of rage over Obama.
Do they hate growing economies - with expanding manufacturing, rising household income, fully recovered stockmarket?
Do they hate sensible military campaigns that don't bog us down in decade-long wars?
Do they hate raising people to full rights after years of oppression by bigots?
We were in a state of freefall collapse under the previous leadership. Now we're on a good track of steady growth.
If this is your idea of insane, you've lived a charmed life, son.
I'll take "Hope & Change" over "Hate & War" any day.
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but there was no outrage or call for the previous administration to be charged, or in any way even held accountable, for the very real war crime of torture. Selective outrage indeed. 
