Quote:
Originally Posted by Rochard
Come on already.....
"Obama?s so-called recovery included the longest period since the Great Depression with unemployment above 8%, 43 months, from February, 2009, when Obama?s so-called stimulus costing nearly $1 trillion was passed, until August, 2012. It also included the longest period since the Great Depression with unemployment at 9.0% or above, 30 months, from April, 2009, until September, 2011. "
Sure. He walked into office during a huge recession.
He is also the only president to cut unemployment by half during his term.
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AND such a depression is the one and only acceptable reason to rise debts and warm up the economy. but as soon this is done the goal should be to lower the depts.
germany with all itīs strong economy went through the same disaster and they spend billions in new debts to reactivate the markets and the economy.
and there is still a zero interest policy but germany is next to france, the netherlands and
a few other european countries one of this countries where the dept clock goes backward.
when the next crisis comes (and it will come) this countries are able to push money in their markets again. US will not be able to do that a few times more.