Pretty simple to make the argument that in his second, lame-duck term, where Obama actually did almost nothing of consequence except construct his legacy, the economy actually recovered and grew well on it's own.
The Lesson: When the politicians and bureaucrats get the fuck out of the way, the much-wiser private sector business community thrives and grows on it's own.
The “much wiser” private sector tanked the economy in the first place, leaving Obama to clean up the recession when he took the job. While I generally agree with your sentiment, it’s bullshit to blame him for inheriting a shit sandwich that was none of his doing, and then blaming him some more because he didn’t magically fix it overnight. I don’t agree with some of the moves he made (or didn’t make) but he led us out of it. Meanwhile Trump inherits a thriving economy and he takes all the credit. Has he made moves of his own? Of course. And hopefully they work. But he’s the definition of born on third and thinking he hit a triple.
Pretty simple to make the argument that in his second, lame-duck term, where Obama actually did almost nothing of consequence except construct his legacy, the economy actually recovered and grew well on it's own.
The Lesson: When the politicians and bureaucrats get the fuck out of the way, the much-wiser private sector business community thrives and grows on it's own.
The “much wiser” private sector tanked the economy in the first place, leaving Obama to clean up the recession when he took the job. While I generally agree with your sentiment, it’s bullshit to blame him for inheriting a shit sandwich that was none of his doing, and then blaming him some more because he didn’t magically fix it overnight. I don’t agree with some of the moves he made (or didn’t make) but he led us out of it. Meanwhile Trump inherits a thriving economy and he takes all the credit. Has he made moves of his own? Of course. And hopefully they work. But he’s the definition of born on third and thinking he hit a triple.
I voted for Obama twice, and his two main hugely disappointing reversals were abandoning the public option portion of Obamacare, which was the central component to his healthcare reform package during his campaign, and making the Bush Tax Cuts he campaigned against, permanent. So, don't even pretend he had anything to do with cleaning up the recession. He sucked off the banks the same as Bush did, and Clinton before them.
And we wouldn't have had that housing crisis if Clinton hadn't repealed Glass-Steagall and loosened the credit restrictions on mortgaged debt before he left office. And the only reason Clinton did so, after fighting against the banks for his entire presidency, was because Hillary couldn't win Bobby Kennedy's old senate seat in NY without Wall Street's backing.
I would expect that pro-bank behavior from the Gingrich-led monkeys in congress, and W, but not from Clinton or Obama.
Republicans get rich and go to Washington to protect their wealth and stay rich. Democrats go to Washington to become rich by selling out at every opportunity. Tell me which is worse?
If you want the cite, google it. But this is from Time Magazine, not exactly a Conservative Rag:
President Clinton's tenure was characterized by economic prosperity and financial deregulation, which in many ways set the stage for the excesses of recent years. Among his biggest strokes of free-wheeling capitalism was the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act, a cornerstone of Depression-era regulation. He also signed the Commodity Futures Modernization Act, which exempted credit-default swaps from regulation. In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods. It is the subject of heated political and scholarly debate whether any of these moves are to blame for our troubles, but they certainly played a role in creating a permissive lending environment.
Pretty simple to make the argument that in his second, lame-duck term, where Obama actually did almost nothing of consequence except construct his legacy, the economy actually recovered and grew well on it's own.
The Lesson: When the politicians and bureaucrats get the fuck out of the way, the much-wiser private sector business community thrives and grows on it's own.
The “much wiser” private sector tanked the economy in the first place, leaving Obama to clean up the recession when he took the job. While I generally agree with your sentiment, it’s bullshit to blame him for inheriting a shit sandwich that was none of his doing, and then blaming him some more because he didn’t magically fix it overnight. I don’t agree with some of the moves he made (or didn’t make) but he led us out of it. Meanwhile Trump inherits a thriving economy and he takes all the credit. Has he made moves of his own? Of course. And hopefully they work. But he’s the definition of born on third and thinking he hit a triple.
I voted for Obama twice, and his two main hugely disappointing reversals were abandoning the public option portion of Obamacare, which was the central component to his healthcare reform package during his campaign, and making the Bush Tax Cuts he campaigned against, permanent. So, don't even pretend he had anything to do with cleaning up the recession. He sucked off the banks the same as Bush did, and Clinton before them.
And we wouldn't have had that housing crisis if Clinton hadn't repealed Glass-Steagall and loosened the credit restrictions on mortgaged debt before he left office. And the only reason Clinton did so, after fighting against the banks for his entire presidency, was because Hillary couldn't win Bobby Kennedy's old senate seat in NY without Wall Street's backing.
I would expect that pro-bank behavior from the Gingrich-led monkeys in congress, and W, but not from Clinton or Obama.
Republicans get rich and go to Washington to protect their wealth and stay rich. Democrats go to Washington to become rich by selling out at every opportunity. Tell me which is worse?
Both parties are paid to represent their donors.
The republicans accomplish that by selling out to their donors at every opportunity and being completely ruthless while doing so.
The democrats on the other hand accomplish that by being a bunch of mealy mouthed losers who stand for nothing, while pretending to be progressive under the guise of identity.
Pretty simple to make the argument that in his second, lame-duck term, where Obama actually did almost nothing of consequence except construct his legacy, the economy actually recovered and grew well on it's own.
The Lesson: When the politicians and bureaucrats get the fuck out of the way, the much-wiser private sector business community thrives and grows on it's own.
The “much wiser” private sector tanked the economy in the first place, leaving Obama to clean up the recession when he took the job. While I generally agree with your sentiment, it’s bullshit to blame him for inheriting a shit sandwich that was none of his doing, and then blaming him some more because he didn’t magically fix it overnight. I don’t agree with some of the moves he made (or didn’t make) but he led us out of it. Meanwhile Trump inherits a thriving economy and he takes all the credit. Has he made moves of his own? Of course. And hopefully they work. But he’s the definition of born on third and thinking he hit a triple.
I voted for Obama twice, and his two main hugely disappointing reversals were abandoning the public option portion of Obamacare, which was the central component to his healthcare reform package during his campaign, and making the Bush Tax Cuts he campaigned against, permanent. So, don't even pretend he had anything to do with cleaning up the recession. He sucked off the banks the same as Bush did, and Clinton before them.
And we wouldn't have had that housing crisis if Clinton hadn't repealed Glass-Steagall and loosened the credit restrictions on mortgaged debt before he left office. And the only reason Clinton did so, after fighting against the banks for his entire presidency, was because Hillary couldn't win Bobby Kennedy's old senate seat in NY without Wall Street's backing.
I would expect that pro-bank behavior from the Gingrich-led monkeys in congress, and W, but not from Clinton or Obama.
Republicans get rich and go to Washington to protect their wealth and stay rich. Democrats go to Washington to become rich by selling out at every opportunity. Tell me which is worse?
Both parties are paid to represent their donors.
The republicans accomplish that by selling out to their donors at every opportunity and being completely ruthless while doing so.
The democrats on the other hand accomplish that by being a bunch of mealy mouthed losers who stand for nothing, while pretending to be progressive under the guise of identity.
But, but, butt: Republicans may be sinister, evil and money-grubbing, but they understand money and don't hide their love of it. Dems think it grows on trees, and if not, they're perfectly comfortable taking it from you and giving it to someone else. Again, which is worse?
Pretty simple to make the argument that in his second, lame-duck term, where Obama actually did almost nothing of consequence except construct his legacy, the economy actually recovered and grew well on it's own.
The Lesson: When the politicians and bureaucrats get the fuck out of the way, the much-wiser private sector business community thrives and grows on it's own.
The “much wiser” private sector tanked the economy in the first place, leaving Obama to clean up the recession when he took the job. While I generally agree with your sentiment, it’s bullshit to blame him for inheriting a shit sandwich that was none of his doing, and then blaming him some more because he didn’t magically fix it overnight. I don’t agree with some of the moves he made (or didn’t make) but he led us out of it. Meanwhile Trump inherits a thriving economy and he takes all the credit. Has he made moves of his own? Of course. And hopefully they work. But he’s the definition of born on third and thinking he hit a triple.
I voted for Obama twice, and his two main hugely disappointing reversals were abandoning the public option portion of Obamacare, which was the central component to his healthcare reform package during his campaign, and making the Bush Tax Cuts he campaigned against, permanent. So, don't even pretend he had anything to do with cleaning up the recession. He sucked off the banks the same as Bush did, and Clinton before them.
And we wouldn't have had that housing crisis if Clinton hadn't repealed Glass-Steagall and loosened the credit restrictions on mortgaged debt before he left office. And the only reason Clinton did so, after fighting against the banks for his entire presidency, was because Hillary couldn't win Bobby Kennedy's old senate seat in NY without Wall Street's backing.
I would expect that pro-bank behavior from the Gingrich-led monkeys in congress, and W, but not from Clinton or Obama.
Republicans get rich and go to Washington to protect their wealth and stay rich. Democrats go to Washington to become rich by selling out at every opportunity. Tell me which is worse?
Repeal of glass steagal was a republican bill that many Democrats voted against. They Clinton signed. When he signed it, there was a veto proof majority and he said he didn't like the bill.
If you want the cite, google it. But this is from Time Magazine, not exactly a Conservative Rag:
President Clinton's tenure was characterized by economic prosperity and financial deregulation, which in many ways set the stage for the excesses of recent years. Among his biggest strokes of free-wheeling capitalism was the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act, a cornerstone of Depression-era regulation. He also signed the Commodity Futures Modernization Act, which exempted credit-default swaps from regulation. In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods. It is the subject of heated political and scholarly debate whether any of these moves are to blame for our troubles, but they certainly played a role in creating a permissive lending environment.
While Clinton did sign a couple bills and had his hand in it. What do you think this was about?
So after he drove it to the lowest point it went up?
I like people like you and turd. Reagan created the economy of the 90s. Clinton is to blame for the great recession. And Trump gets the credit for a good economy now. Not even 2 years into his term.
They're embarrassing themselves. Classical lust for power driving the narrative bus into the ridiculous ditch.
The economy under Obama experienced the slowest recovery from recession since the great depression. As the article points out Q4 2015 and Q1 2016 saw growth rates of 0.90% and 0.80%. Pathetic. Obama regulations strangled the economy. Trump is elected, he proceeds to deregulate and cut taxes, and now, last quarter's growth rate was 4.2%. That's all Trump and Republicans in both chambers of congress. #resistlmfao
They're embarrassing themselves. Classical lust for power driving the narrative bus into the ridiculous ditch.
The economy under Obama experienced the slowest recovery from recession since the great depression. As the article points out Q4 2015 and Q1 2016 saw growth rates of 0.90% and 0.80%. Pathetic. Obama regulations strangled the economy. Trump is elected, he proceeds to deregulate and cut taxes, and now, last quarter's growth rate was 4.2%. That's all Trump and Republicans in both chambers of congress. #resistlmfao
But tell us again how Clinton cause the great recession.
They're embarrassing themselves. Classical lust for power driving the narrative bus into the ridiculous ditch.
The economy under Obama experienced the slowest recovery from recession since the great depression. As the article points out Q4 2015 and Q1 2016 saw growth rates of 0.90% and 0.80%. Pathetic. Obama regulations strangled the economy. Trump is elected, he proceeds to deregulate and cut taxes, and now, last quarter's growth rate was 4.2%. That's all Trump and Republicans in both chambers of congress. #resistlmfao
It’s almost like the recession was the worst financial crisis since the Great Depression...
They're embarrassing themselves. Classical lust for power driving the narrative bus into the ridiculous ditch.
The economy under Obama experienced the slowest recovery from recession since the great depression. As the article points out Q4 2015 and Q1 2016 saw growth rates of 0.90% and 0.80%. Pathetic. Obama regulations strangled the economy. Trump is elected, he proceeds to deregulate and cut taxes, and now, last quarter's growth rate was 4.2%. That's all Trump and Republicans in both chambers of congress. #resistlmfao
It’s almost like the recession was the worst financial crisis since the Great Depression...
The recession was over long before we were told the "new normal" was 1% to 2% growth. Obama regulated the economy to a halt. In a sense Obama did set up Trump quite nicely. All Trump had to do to unleash the economy is the opposite of his predecessor.
They're embarrassing themselves. Classical lust for power driving the narrative bus into the ridiculous ditch.
The economy under Obama experienced the slowest recovery from recession since the great depression. As the article points out Q4 2015 and Q1 2016 saw growth rates of 0.90% and 0.80%. Pathetic. Obama regulations strangled the economy. Trump is elected, he proceeds to deregulate and cut taxes, and now, last quarter's growth rate was 4.2%. That's all Trump and Republicans in both chambers of congress. #resistlmfao
It’s almost like the recession was the worst financial crisis since the Great Depression...
The recession was over long before we were told the "new normal" was 1% to 2% growth. Obama regulated the economy to a halt. In a sense Obama did set up Trump quite nicely. All Trump had to do to unleash the economy is the opposite of his predecessor.
What regulations did Obama put in place that caused harm to the economy? What regulations did Trump overturn to unleash the economy?
They're embarrassing themselves. Classical lust for power driving the narrative bus into the ridiculous ditch.
The economy under Obama experienced the slowest recovery from recession since the great depression. As the article points out Q4 2015 and Q1 2016 saw growth rates of 0.90% and 0.80%. Pathetic. Obama regulations strangled the economy. Trump is elected, he proceeds to deregulate and cut taxes, and now, last quarter's growth rate was 4.2%. That's all Trump and Republicans in both chambers of congress. #resistlmfao
It’s almost like the recession was the worst financial crisis since the Great Depression...
The recession was over long before we were told the "new normal" was 1% to 2% growth. Obama regulated the economy to a halt. In a sense Obama did set up Trump quite nicely. All Trump had to do to unleash the economy is the opposite of his predecessor.
They're embarrassing themselves. Classical lust for power driving the narrative bus into the ridiculous ditch.
The economy under Obama experienced the slowest recovery from recession since the great depression. As the article points out Q4 2015 and Q1 2016 saw growth rates of 0.90% and 0.80%. Pathetic. Obama regulations strangled the economy. Trump is elected, he proceeds to deregulate and cut taxes, and now, last quarter's growth rate was 4.2%. That's all Trump and Republicans in both chambers of congress. #resistlmfao
But tell us again how Clinton cause the great recession.
@TurdBuffer covered that already, and you did your usual lap dog routine trying to mitigate Clinton's role.
They're embarrassing themselves. Classical lust for power driving the narrative bus into the ridiculous ditch.
The economy under Obama experienced the slowest recovery from recession since the great depression. As the article points out Q4 2015 and Q1 2016 saw growth rates of 0.90% and 0.80%. Pathetic. Obama regulations strangled the economy. Trump is elected, he proceeds to deregulate and cut taxes, and now, last quarter's growth rate was 4.2%. That's all Trump and Republicans in both chambers of congress. #resistlmfao
But tell us again how Clinton cause the great recession.
@TurdBuffer covered that already, and you did your usual lap dog routine trying to mitigate Clinton's role.
So after he drove it to the lowest point it went up?
I like people like you and turd. Reagan created the economy of the 90s. Clinton is to blame for the great recession. And Trump gets the credit for a good economy now. Not even 2 years into his term.
Your guy blamed GW for 8 years. I like hypocrites like you. Just kidding Burger King!
They're embarrassing themselves. Classical lust for power driving the narrative bus into the ridiculous ditch.
The economy under Obama experienced the slowest recovery from recession since the great depression. As the article points out Q4 2015 and Q1 2016 saw growth rates of 0.90% and 0.80%. Pathetic. Obama regulations strangled the economy. Trump is elected, he proceeds to deregulate and cut taxes, and now, last quarter's growth rate was 4.2%. That's all Trump and Republicans in both chambers of congress. #resistlmfao
It’s almost like the recession was the worst financial crisis since the Great Depression...
The recession was over long before we were told the "new normal" was 1% to 2% growth. Obama regulated the economy to a halt. In a sense Obama did set up Trump quite nicely. All Trump had to do to unleash the economy is the opposite of his predecessor.
When in your mind did the recession end?
According to the National Bureau of Economic Research, it lasted approximately 18 months, ending in October of 2009. It lasted just two months longer than the recession under Reagan, prior to the exploding economy he delivered. The post recession economic performance under Obama was astonishingly worse, in fact the worst in nearly 80 years.
Comments
And we wouldn't have had that housing crisis if Clinton hadn't repealed Glass-Steagall and loosened the credit restrictions on mortgaged debt before he left office. And the only reason Clinton did so, after fighting against the banks for his entire presidency, was because Hillary couldn't win Bobby Kennedy's old senate seat in NY without Wall Street's backing.
I would expect that pro-bank behavior from the Gingrich-led monkeys in congress, and W, but not from Clinton or Obama.
Republicans get rich and go to Washington to protect their wealth and stay rich. Democrats go to Washington to become rich by selling out at every opportunity. Tell me which is worse?
If you want the cite, google it. But this is from Time Magazine, not exactly a Conservative Rag:
President Clinton's tenure was characterized by economic prosperity and financial deregulation, which in many ways set the stage for the excesses of recent years. Among his biggest strokes of free-wheeling capitalism was the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act, a cornerstone of Depression-era regulation. He also signed the Commodity Futures Modernization Act, which exempted credit-default swaps from regulation. In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods. It is the subject of heated political and scholarly debate whether any of these moves are to blame for our troubles, but they certainly played a role in creating a permissive lending environment.
The republicans accomplish that by selling out to their donors at every opportunity and being completely ruthless while doing so.
The democrats on the other hand accomplish that by being a bunch of mealy mouthed losers who stand for nothing, while pretending to be progressive under the guise of identity.
https://en.m.wikipedia.org/wiki/Gramm–Leach–Bliley_Act
https://georgewbush-whitehouse.archives.gov/news/releases/2003/12/20031216-9.html
The economy under Obama experienced the slowest recovery from recession since the great depression. As the article points out Q4 2015 and Q1 2016 saw growth rates of 0.90% and 0.80%. Pathetic. Obama regulations strangled the economy. Trump is elected, he proceeds to deregulate and cut taxes, and now, last quarter's growth rate was 4.2%. That's all Trump and Republicans in both chambers of congress. #resistlmfao