- Joined
- Mar 27, 2014
- Messages
- 63,601
- Reaction score
- 33,631
- Location
- Tennessee
- Gender
- Male
- Political Leaning
- Undisclosed
Re: Gov. Rick Perry indicted for abuse of power for carrying out threat to veto prose
And if you believe all that, you have no grasp of what caused the recession, and the long path out of them. The conditions were closer to 1929 than any recession since. Look around the world - how many economies boomed after the collapse? No industrialized economies did. And it's because it takes years to work off the debt loads to get them back to sustainable levels. Consumers (individuals) saw trillions in wealth wiped away, in housing and in their portfolios. That wasn't any path to restore housing values to bubble levels, and that loss in wealth was just going to crimp consumption for years, not months. Etc.
The broader point is there are many legitimate arguments against Obama's and the democrats' policy choices, but anyone who wants to blame the recession on Obama and pretend there was a path to a quick recovery from it is showing their ignorance, and/or blind partisanship.
Here is a picture of job losses versus all previous recessions except the Great Depression:
LOL, now that is funny and hopefully sarcasm. The recession ended in June 2009 long before Obama had any economic policy in place and as a matter of fact we are still waiting for some of those shovels to arrive. This is the worst recovery on record and shows that when we told supporters that Obama was unqualified, had zero leadership skills, had no meaningful record in the Senate and was nothing more than a community agitator too many ignored that but realize it now. That is what happens with far too many buy rhetoric vs. doing any research. Nice attempt though at diverting the thread and this has nothing to do with the OP
And if you believe all that, you have no grasp of what caused the recession, and the long path out of them. The conditions were closer to 1929 than any recession since. Look around the world - how many economies boomed after the collapse? No industrialized economies did. And it's because it takes years to work off the debt loads to get them back to sustainable levels. Consumers (individuals) saw trillions in wealth wiped away, in housing and in their portfolios. That wasn't any path to restore housing values to bubble levels, and that loss in wealth was just going to crimp consumption for years, not months. Etc.
The broader point is there are many legitimate arguments against Obama's and the democrats' policy choices, but anyone who wants to blame the recession on Obama and pretend there was a path to a quick recovery from it is showing their ignorance, and/or blind partisanship.
Here is a picture of job losses versus all previous recessions except the Great Depression: