Quote:
Originally Posted by Grapesoda
my only point being that I never believed the Obama administration, and the media proclamation 'things are getting better, obama fixed everything'
after 8 years of obama things are most definitely worse for all of us. maybe you live in magic land, where I live all the vendors say the exact same thing: no one is doing well. and the world is most definitely a more dangerous place.
you guys like to pretend that trump fucked everything up in 3 months, get real. this is ALL Obama's bullshit. and obama did and DOES EVERYTHING he can, as well as his wife, to make it even worse.  |
And this stuns me.
We need to accept that what happened to us in 2008 & 2009 wasn't a "two year problem". It was a ten year problem. This was nothing something where you can pass a few bills and flip a switch and suddenly everything is magical. You are talking about taking the largest economy in the world and coming to a dead stop and then turning it around.
I live in a small town that was the largest growing city in the United States for four or five years. (We grew over 280%:
https://en.wikipedia.org/wiki/Lincoln,_California). Four fifths of our housing was new housing, and new housing means lots of new loans - crappy loans that went into default. Exactly half of the houses on my street were empty when Obama took office - people just walked away from their homes. Now every house on our street is occupied, and when my friends and neighbors sell their house it sells in forty-eight hours and usually has a bidding war involved.
When Obama took office, unemployment was over 10%. Now it's below 5%. Name another president that cut unemployment in half during two terms?
Every aspect of our lives took a hit. The amount of money we were making, the value of houses, our investments, etc. We can't just hit a switch and suddenly reset everything to 2006.
It will take another ten years to fully recover.