Tell that to Japan and their "lost decade." The Great Deficit started in 1929. We didn't recover until after WWII--1945.
You know what helped us recover from the Great Deficit? Massive government stimulus.
And...during the year where Roosevelt dialed back the stimulus (1937 - thanks to pressure from the Republicans in Congress) the Depression started to come BACK a little, till he re-dialed the stimulus back up again.
If Obama had done what Republicans wanted him to do--austerity--we would have double dipped.
As proven by the actions of both Congress AND the Fed in the dipped years 1937-38.
Regardless, your claim that economies always bounce back is nonsense. Moreover, when Obama left we were down to 4.7% unemployment wich is 1% off record lows. We also had the longest streak of job growth in history at the time. Was that destined to happen too?
The reality is Obama is a moderate. He supported saving the banks and supported helping the auto industry. The stimulus worked.
And it continued to work until Trump whipped out his Obama EO Eraser Pen.
But you'll never get stock market watchers to even comprehend that because they don't care about Main Street, they only care about Wall Street.
Funniest part of it all is the fact that Trump decided to do a mini-version of Obama when he bailed out the farmers.
Too bad 90 percent of the bailout money went to the big corporate owned farms, and not the family farms.
They're still stuck in a hole thanks to Trump's trade war with
China, who now buys soybeans from Russia instead.