10 Feb 2020 1:23 pm
Good points, and like you I knew full well Obama's policies sucked and would hurt the economy.Zeets2 » 10 Feb 2020 1:17 pm » wrote:NOT TRUE! I stated that through the 3rd quarter of 2008, we were in a typical, cyclical recession! And it was the huge lead that Obama took in October (4th quarter!) and then the winning of the election on Nov. 4th that made the recession so much worse!Misty » 10 Feb 2020 12:19 pm » wrote:No, because he referred to what happened in the last quarter of 2008 as a 'typical recession' and he said that Obama 'caused' the crash.
If you don't want to accept the experience of someone deeply involved with business ownership at the time, that's fine with me! But don't pretend you understand the reasons behind it when your mind is totally closed and only willing to accept the explanation of the left-wing media, who refused to EVER criticize Obama for ANY of his stupid policies, his criminal cover-ups, his incompetence (Obamacare website, Fast & Furious, Cash for Clunkers, etc.), or his totally corrupt administration that is only now coming to light!
So I began immediately working 70-80 hours a week to make sure I had enough to survive the bad times, and the bad times went on for years.
Had he followed sound economic policies, the economy would have rebounded immediately, like it did when Reagan's tax cut took full effect.
GDP growth in 1984 was over 7%, far above what Obama managed even for one single quarter.