And what could Bush or Obama have done to bring employment immediately back? The debt bubble was real and simply could not be solved except to let that debt slowly recover to manageable levels. Look around the world. Which countries with a similar debt bubble bursting had quicker recoveries?
Liberals always have a problem with people keeping more of what they earn and therein lies the difference in "leaders" Keep buying the rhetoric of this Administration along with the poor economic policies and incompetence.
When you get a tax cut what does that do to your paycheck and what do you do with the money? As I stated millions and millions of Americans weren't affected by this recession and you have yet to refute that. You don't get it and never will. This country's economy isn't built on govt. spending whereas most of the world's economy is. That is where austerity and the debt bubble hurt the most.
The 2008 Was so bad it is called the Great Recession.
From the following article.
- See more at: The Great Recession | State of Working America
The Great Recession—which officially lasted from December 2007 to June 2009—began with the bursting of an 8 trillion dollar housing bubble. The resulting loss of wealth led to sharp cutbacks in consumer spending. This loss of consumption, combined with the financial market chaos triggered by the bursting of the bubble, also led to a collapse in business investment. As consumer spending and business investment dried up, massive job loss followed. In 2008 and 2009, the U.S. labor market lost 8.4 million jobs, or 6.1% of all payroll employment. This was the most dramatic employment contraction (by far) of any recession since the Great Depression. By comparison, in the deep recession that began in 1981, job loss was 3.1%, or only about half as severe.
Why are you ignoring leadership and economic policies and focusing simply on the numbers? It is the recovery that is the problem and that stems from the lack of Obama and thus incompetence. when it was learned that the stimulus failed what did Obama do? ACA!!!!!! Make sense to you?