Post by AztecWilliam on Feb 9, 2015 18:50:55 GMT -8
The Dems want us to believe that BHO saved us from another Great Depression. The truth is that this has been the worst recovery since the 1930s. A couple of the earlier recessions were very, very bad (1974/75 and 1981/82) if perhaps not as bad as 2008/9. The recoveries from those two were much stronger and began much quicker than this "recovery." I use quotes since the labor force participation rate is now at a three decades low, and that nearly six years after the Great Recession officially ended.
The Left believes that all you have to do is pump billions of dollars into the economy and things will be fine. Well, the stimulus of 2009 did just that and was not nearly as effective (if at all) as the administration and its acolytes want us to believe. Here are two citations pointing out how weak is the President's claim that his stimulous was a good and effective action in the face of what was admittedly a very serious recession.. . .
townhall.com/columnists/kevinglass/2011/12/14/new_cbo_reports_show_stimulus_even_less_effective_than_previously_believed/page/full
www.washingtontimes.com/news/2011/nov/22/cbo-stimulus-hurts-economy-long-run/?page=all
Here's one more thing to keep in mind. Unless one has absolutely no faith in the American private economy, one has to assume that at some point even the wrong-headed decisions of the most clueless President will not prevent at least a measure of recovery given enough time. In other words, BHO has no reason to claim credit for the modest economic recovery that has taken place. Put another way, even Obama's worst mistakes in the face of a serious economic turndown would be insufficient to kill American's economy forever. What upturn we now see has taken place despite the mistakes of the present administration.
EDIT: I noticed that I originally wrote "sufficient" where I should have written "insufficient."
AzWm