Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history.
Barack Obama
Happy President's Day! (I added that part - the rest of it was his tweet earlier today)
(02-17-2020 02:40 PM)Fort Bend Owl Wrote:
Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history.
Barack Obama
Happy President's Day! (I added that part - the rest of it was his tweet earlier today)
People don't understand economic cycles. Obama took over at the bottom of a recession. Some indicators were starting to turn around, and pretty much all of them did before anything Obama did could have any impact. So he SHOULD have had great economic growth and job growth, even if he had done nothing.
Trump took over about the time economic cycles tend to go into another recession. By continuing growth, he has bucked the odds. Of course one factor may be that the growth under Obama was incredibly slow, considering the recession we were coming out of. And maybe slow growth means the up cycle will last longer.
(02-17-2020 02:40 PM)Fort Bend Owl Wrote:
Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history.
Barack Obama
Happy President's Day! (I added that part - the rest of it was his tweet earlier today)
People don't understand economic cycles. Obama took over at the bottom of a recession. Some indicators were starting to turn around, and pretty much all of them did before anything Obama did could have any impact. So he SHOULD have had great economic growth and job growth, even if he had done nothing.
Trump took over about the time economic cycles tend to go into another recession. By continuing growth, he has bucked the odds. Of course one factor may be that the growth under Obama was incredibly slow, considering the recession we were coming out of. And maybe slow growth means the up cycle will last longer.
Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history.
Barack Obama
Happy President's Day! (I added that part - the rest of it was his tweet earlier today)
If zerO actually felt the need to write or tweet that fantasy, what a small, pathetic little mom jeans wearing man he was and still is.
How embarrassing for him.
Jimma says Thank You, I’m no longer the worst of the worst in the last century.
Truly sad.
(This post was last modified: 02-17-2020 04:03 PM by JMUDunk.)
(02-17-2020 02:40 PM)Fort Bend Owl Wrote: People don't understand economic cycles. Obama took over at the bottom of a recession. Some indicators were starting to turn around, and pretty much all of them did before anything Obama did could have any impact. So he SHOULD have had great economic growth and job growth, even if he had done nothing.
Trump took over about the time economic cycles tend to go into another recession. By continuing growth, he has bucked the odds. Of course one factor may be that the growth under Obama was incredibly slow, considering the recession we were coming out of. And maybe slow growth means the up cycle will last longer.
I agree with your general premise, but most people in call them "business cycles" not "economic cycles'.
(This post was last modified: 02-17-2020 04:17 PM by natibeast21.)
(02-17-2020 02:40 PM)Fort Bend Owl Wrote: People don't understand economic cycles. Obama took over at the bottom of a recession. Some indicators were starting to turn around, and pretty much all of them did before anything Obama did could have any impact. So he SHOULD have had great economic growth and job growth, even if he had done nothing.
Trump took over about the time economic cycles tend to go into another recession. By continuing growth, he has bucked the odds. Of course one factor may be that the growth under Obama was incredibly slow, considering the recession we were coming out of. And maybe slow growth means the up cycle will last longer.
I agree with your general premise, but most people in call them "business cycles" not "economic cycles'.
FWIW, you quoted owl#s vs. FBO.....
don't sweat it...the phone sux when responding with phat fingers...my myopic/dyslexic arse does it all the time ....
Yea.. Obama takes credit now.. But 4 years ago he was lamenting on how the economy wasn't rebounding. How businesses that left weren't coming back.. The MSM was even stating whomever inherited the economy was getting a mess.. Trump doubled down and turned it around and it's magically Obama's doing.. Gimme a break.
Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history.
Barack Obama
Happy President's Day! (I added that part - the rest of it was his tweet earlier today)
If zerO actually felt the need to write or tweet that fantasy, what a small, pathetic little mom jeans wearing man he was and still is.
How embarrassing for him.
Jimma says Thank You, I’m no longer the worst of the worst in the last century.
Truly sad.
Worst president in my lifetime. Truly a made for TV idiot
And FBO takes a shite in every thread with stupidity like this either directly or by inference. Does Beto still have a chance?
(This post was last modified: 02-17-2020 04:36 PM by shere khan.)
Barry, sorry, we have your video saying how is Trump going to bring back all those manufacturing jobs? With a magic wand? Now you are the sleazeball you are by trying to take credit for all the great things Trump has done with the economy by his tax decrease and getting rid of the bullsh#t policies you signed with your famous pen that were killing growth.
Start listening at 3 minute mark. Trump has made Obama look the stupid fool he is.
(This post was last modified: 02-17-2020 04:52 PM by usmbacker.)
Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history.
Barack Obama
Happy President's Day! (I added that part - the rest of it was his tweet earlier today)
(02-17-2020 02:40 PM)Fort Bend Owl Wrote:
Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history.
Barack Obama
Happy President's Day! (I added that part - the rest of it was his tweet earlier today)
People don't understand economic cycles. Obama took over at the bottom of a recession. Some indicators were starting to turn around, and pretty much all of them did before anything Obama did could have any impact. So he SHOULD have had great economic growth and job growth, even if he had done nothing.
Trump took over about the time economic cycles tend to go into another recession. By continuing growth, he has bucked the odds. Of course one factor may be that the growth under Obama was incredibly slow, considering the recession we were coming out of. And maybe slow growth means the up cycle will last longer.
Not true. Obama made the bottom worse. He destroyed what was left of consumer confidence with his constant belly-aching about he was limited since he inherited and recession and how is was going to get much worse before it got better.
Bill Clinton finally told him to shut up in early February. Obama with his words personally made the recession worse than it needed to be.
They also dragged out the drag on the economy from real estate with their policies slowing foreclosures.
Texas had a worse real estate recession in 1986. Houston's unemployment hit 13%. It was estimated that 1 in 4 Houstonians lost their job in 1986. All but one of the top 10 banks was sold or was taken over. Virtually all the S&Ls bit the dust. And things were pretty much back to normal in a year. And there was no trillion dollar stimulus.
(02-17-2020 04:33 PM)gdunn Wrote: Yea.. Obama takes credit now.. But 4 years ago he was lamenting on how the economy wasn't rebounding. How businesses that left weren't coming back.. The MSM was even stating whomever inherited the economy was getting a mess.. Trump doubled down and turned it around and it's magically Obama's doing.. Gimme a break.
BHO can do that because he knows those who supported him won't question and will take everything they're spoon fed.
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