10 Feb 2020 10:44 am
The beginning of the recession was in late 2007 and early 2008, caused by the sub-prime bank loan fiasco. In Sept. of 2008, two months prior to the election, the TARP bailout of $700 billion and the takeover of Fannie and Freddie Mae settled the worst of the banking crisis, and the recovery should have begun shortly after that. But Obama's leftist campaign of anti-business promises to raise the minimum wage and create Obamacare was enough to scare the crap out of business owners. Once he was elected on Nov. 4th, THAT is when all hopes of a typical, cyclical recession ended and the job market crashed! From that Election Day in November, THAT is when the worst job losses took place FOR THE FOLLOWING 10 MONTHS, as the US AND THE WORLD knew what was to come under Obama, and it was proven to be correct as soon as he took office in January!Misty » 09 Feb 2020 7:31 pm » wrote: Okay, so first you said that Obama crashed the economy in his first three years, and now you're saying that he did it before he was even elected, which makes even less sense.
And to call what happened in the third quarter of 2008 a 'typical recessionary period' is ludicrous.
There was NOTHING typical about it.
Naturally, Democrats and the liberal media would never believe that and wouldn't report it even if they did! I'm telling you what happened based on seeing and hearing it for myself as a business owner! And I'd bet you would hear the same thing from every other small business owner at that time!