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Obama’s Recovery Act turns eleven.....
- Thread starter hal9000
- Start date
He should thank Greta's generation because he's putting $1T/year on a credit card bill he and his geezed out base won't be around to throw in on.
things were still on the downswing even after Bush's recovery act
a testament to the delayed effects of economic interventionism
GDP growth in 2010 was higher than 2017 and 2019. The stock market doubled in Obama's first three years. There were fewer people unemployed at the end of that time than at the start.
I mean if I was trying to boast about the economy I'd be stocked to get handed 5% unemployment and $500B in deficits, increase the deficit spending by 2.5% of GDP, and hop on twitter and suck myself off to 2.5% growth.
WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEED!
I mean if I was trying to boast about the economy I'd be stocked to get handed 5% unemployment and $500B in deficits, increase the deficit spending by 2.5% of GDP, and hop on twitter and suck myself off to 2.5% growth.
WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEED!
Same goes with unemployment rates.
Trend analyses are a great way to confound and trigger Trump supporters. Like garlic to a vampire.
For sure. However by saying "more than a decade" intentionally states, by definition, that you've had 10+ years of growth. That would push that growth at a minimum to January 2010 as the starting point, if not earlier, which is absolutely laughable. IMO it's insulting to the people who actually struggled during that time.
There were some good aspects to the ACA, such as pre-existing conditions, but tying health insurance to employers was a mistake for job growth at that time.
Is growth when GDP growth resumes after 2 or more quarters of negative GDP growth, aka a recession, or is there some formula where facts care about people's feelings we need to incorporate?
Yeah, because your generation has it covered. Every generation says the same thing. Then they mature.
I consider your post to be threatening and by extension bullying. Come verga.
When the next generation learns history they will ask the question. Aside from being half black, what did Obama do? This is a very good historic outcome.
Without us you wouldn’t have a job that allows you to post on the internet all day long you ungrateful prick. Kick the side fins out of your decrepit thruster and show us your t!ts.
Our generation is on track to be just as bad. Since about 1980 there's been roughly a half hour with no deficit spending. There's nothing mature about thinking there is something good about blowing $1T/year this many years into an expansion.
What you and your accomplice Barry are doing is called "cherry picking". What your graph omits is the economic growth before Obama took office. The growth rate looked roughly like the growth rate leading out of the disastrous economic downturn caused by the 2007-08 Democrat tax-and-spend congress combined with Obama's impositions of draconian restrictions on economic freedom. Sure, people are going to get tired of being on unemployment rations and take lesser jobs. And the economy will start rising again, but it's no thanks to Obummer.
Barry's peak unemployment rate was 10%. Trump has the lowest unemployment rate since WWII. Obummer never saw a a GDP growth rate as high as 3%. Trump has not seen one below 3%. You can't stifle an economy, then hand out money to your political cronies, and expect that to represent a "stimulus".
Normally growth rates are attributable to congress, the people who hold the purse strings. However, in Barry's case, he smacked capitalists so hard that he multiplied the Democrat congress's spending downturn by two. All Trump had to do to look like an economic genius was to remove Obummer's restrictions.
.
A testament to kicking the can down the road to create a bigger bubble in the future.
Fuck Greta!
Quarterly or annually? Obama had a few over 4%, a number Trump has not achieved once. In fact, Trump's last quarters were barely above 2% and that's while juicing the economy at Barry Bonds level.
You fail to mention the crash at the end of Bush's term. Everything from 2010 forward has trended towards where we are now.