The Bush recession has been better than the Obama recovery

Last edited by Farmer1906 on Sun Aug 26, 2012 11:16 am; edited 1 time in total

Quote :: In January 2009, the month President Obama entered the Oval Office and shortly before he signed his stimulus spending bill, median household income was $54,983. By June 2012, it had tumbled to $50,964, adjusted for inflation. (See the chart nearby.) That's $4,019 in lost real income, a little less than a month's income every year.

Unfair, you say, because Mr. Obama inherited a recession? Well, even if you start the analysis when the recession ended in June 2009, the numbers are dismal. Three years after the economy hit its trough, median household income is down $2,544, or nearly 5%.

Add the authors: "The overall decline since June 2009 was larger than the 2.6 percent decline that occurred" during the recession from December 2007 to June 2009. For household income, in other words, the Obama recovery has been worse than the Bush recession.

http://online.wsj.com/article/SB10001424052702303822204577468750027784434.html

Obama had to deal with what bush left him, bush inherited a great situation from Clinton

Cu Bu wrote:: Obama had to deal with what bush left him, bush inherited a great situation from Clinton

We are talking about a similar time period.

You fail to realize what Obama inherited, Cubua is right bush inherited a surplus, left Obama the economy jn shambles, like how you fail to point To the banks, Dow, all you have is avg. income , you don't get that Bushs recession only started to be seen clearly in 2008

Birdofthad wrote:: You fail to realize what Obama inherited, Cubua is right bush inherited a surplus, left Obama the economy jn shambles, like how you fail to point To the banks, Dow, all you have is avg. income , you don't get that Bushs recession only started to be seen clearly in 2008

It started in 06 though.

i was being contrite, obama will not take blame for anything, like most presidents . I respect Clinton for coming down hard on himself for Rwanda too bad it was 10 yrs after the genocide.

Bronze Belt Posts : 6483 Join date : 2009-07-15 Age : 35

it's true Bush left Obama a mess. Makes you wonder why Obama then kept the same policies as Bush and continued to increase the size of government and the size of the budget. Early 2013 is when the real recession hits though. Perhaps more spending doesn't get rid of debt after all... who knew?

oggy420 wrote:: it's true Bush left Obama a mess. Makes you wonder why Obama then kept the same policies as Bush and continued to increase the size of government and the size of the budget. Early 2013 is when the real recession hits though. Perhaps more spending doesn't get rid of debt after all... who knew?

The only difference between Bush and Obama is that Obama spends even more. Just think if someone ran their business or their own finances like the government runs this country.

Farmer1906 wrote:

Birdofthad wrote:: You fail to realize what Obama inherited, Cubua is right bush inherited a surplus, left Obama the economy jn shambles, like how you fail to point To the banks, Dow, all you have is avg. income , you don't get that Bushs recession only started to be seen clearly in 2008

It started in 06 though.

a recession doesn't happen overnight.

the shit started hitting the fan around 2006 but in reality, we don't know how long it had been in the post for.

if the economy ostensibly appeared to be very healthy when bush took office it seems reasonable to believe the practices that led to the recession were already deeply rooted.

Bronze Belt Posts : 6483 Join date : 2009-07-15 Age : 35

cheekynffc wrote:

Farmer1906 wrote:

Birdofthad wrote:: You fail to realize what Obama inherited, Cubua is right bush inherited a surplus, left Obama the economy jn shambles, like how you fail to point To the banks, Dow, all you have is avg. income , you don't get that Bushs recession only started to be seen clearly in 2008

It started in 06 though.

a recession doesn't happen overnight.

the shit started hitting the fan around 2006 but in reality, we don't know how long it had been in the post for.

if the economy ostensibly appeared to be very healthy when bush took office it seems reasonable to believe the practices that led to the recession were already deeply rooted.

well to be fair, if we're dishing out blame, especially for housing crisis, have to give a big nod to good ol Bill Clinton. After all he repealed Glass-Stegal. Have to blame the Federal Reserve also, a small group of private bankers who don't have to answer to anyone should not control the money supply or set artificially low interest rates. All the inflation we are seeing right now, prices going up on everything, all comes back to Fed banking policy. We need to seriously Audit the FED but obama and the rest of the crony-capitalists will never go for it. After all the last partial audit showed that the FED gave trillions to foreign banks and corporations while the rest of America and the middle class got completely fucked.

no, just no

when Obama got into office this nation was gushing 700,000 jobs a month. get your facts straight for once and quit believing bullshit lies.

The Bush recession has been better than the Obama recovery Chart-job-growth-bush-obama