'Revived'? How about this? Both Bush and Obama 'sa
Post# of 65629
Posted On: 11/17/2016 9:59:38 PM
'Revived'? How about this? Both Bush and Obama 'saved capitalism' no less than did FDR.
The economy was in free fall. TARP, the bridge loans to the auto companies and the Stimulus DID keep the recession from dipping into depression like retreat from GDP and unemployment over 12%.
The sustaining of the auto companies alone kept a supplier network of nearly 1M jobs alive. The cash infusions to the banks and requirement's for 'stress tests' did what they were supposed to do.
We can dispute the causality for the record number of consecutive month of job growth under Obama, but there would be no dispute among republicans if the same record occurred under a GOP president.
For purpose of this board the following may be most important, regardless of causality.
The economy was in free fall. TARP, the bridge loans to the auto companies and the Stimulus DID keep the recession from dipping into depression like retreat from GDP and unemployment over 12%.
The sustaining of the auto companies alone kept a supplier network of nearly 1M jobs alive. The cash infusions to the banks and requirement's for 'stress tests' did what they were supposed to do.
We can dispute the causality for the record number of consecutive month of job growth under Obama, but there would be no dispute among republicans if the same record occurred under a GOP president.
For purpose of this board the following may be most important, regardless of causality.
Quote:
For stock market investors, Democrats have clearly outperformed Republicans in the White House over the last 40 years.
http://www.cnbc.com/2016/07/15/grading-the-ob...mbers.html
The Standards & Poor's 500 index rose 150 percent during the Clinton administration; under Obama, stock prices have been rising by 100 percent. (We're using Yale economist Robert Shiller's inflation-adjusted data.)
Those gains compare with net losses of 45 percent under Bush II, gains of about 30 percent under Bush I, and a 50 percent gain under Reagan. Stock prices lost about 13 percent of their value during the Carter administration.
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