201a1ee3da38651c237630b5fee3fafd

Just imagine the pride and chest pounding the Republicans would be doing if they would've brought the country back from the 08 economy left by a democrat.

Bhaven87 @ over 1 year ago

Comments (67)

Ff0bc45e0c6ab8165b04eb40e5b1acf7

Economically, this Presidency has been a mixed bag.

AMI @ over 1 year ago

Villa Park, IL, USA

Ff0bc45e0c6ab8165b04eb40e5b1acf7

Actually this Presidency has been a mixed bag on most fronts.

AMI @ over 1 year ago

Villa Park, IL, USA

3ba75abd9c729d64b5648498e8a8547a

what presidency had not been a mixed bag? Economically he could have done much worse considering the direction we were heading when we started. also these two candidates are making Obama look better by the minute

don Pappi @ over 1 year ago

Iowa City, IA, USA

201a1ee3da38651c237630b5fee3fafd

Sorry this President was looking good around the world and this country by himself. Just imagine where the economy would be if the Republican didn't want it to fail, for political gains.

Bhaven87 @ over 1 year ago

Killeen, TX 76543, USA

6c48fb73634fa41fe7915a7faf370ee7

there we go again pointing the finger at others for our iniquities

Mr. Pink @ over 1 year ago

Strongsville, OH, USA

201a1ee3da38651c237630b5fee3fafd

You must have been a dodge ball champion as a kid, because you're great at avoiding the truth as an adult.

Bhaven87 @ over 1 year ago

Harker Heights, TX, USA

26e82c69bac3abe48cfce8aae262fda8

Don, funny about your last sentence, I've had that same thought for quite some time.

The Drew @ over 1 year ago

Yorkville, New York, NY

B35527b232c45def78db4f6949419182

agreed

Tjaden Froyda @ over 1 year ago

Saint Paul, MN 55124, USA

Ff0bc45e0c6ab8165b04eb40e5b1acf7

well yeah, of course, it's pretty sad what choices we've been left with

AMI @ over 1 year ago

Villa Park, IL, USA

Ff0bc45e0c6ab8165b04eb40e5b1acf7

and mixed bag was probably inaccurate, I meant average

AMI @ over 1 year ago

Villa Park, IL, USA

5f13389fd6ea4b6de49bacec84ed7d8f

Mixed bag is actually quite accurate. At times Obama took steps that were downright inspired. Other times he compromised to get part of what he wanted. Then he would fold in a situation where he should have held fast. But overall, our economy

jc @ over 1 year ago

Yellow Springs, OH 45387, USA

5f13389fd6ea4b6de49bacec84ed7d8f

recovered first. Then went on a sready growth trajectory that hasn't been matched by any other nation. It's been slower than we would like. But in a global economy it's very dependent on the success of our trading partners. You can only drag the

jc @ over 1 year ago

Yellow Springs, OH 45387, USA

5f13389fd6ea4b6de49bacec84ed7d8f

rest of the world forward just so fast.

jc @ over 1 year ago

Yellow Springs, OH 45387, USA

Ff0bc45e0c6ab8165b04eb40e5b1acf7

what steps did he take that were inspired? also what decisions did he make that you felt were incorrect?

AMI @ over 1 year ago

Addison, IL, USA

7feb020fb3d3aa6cf2752031cf61da89

where did he fold? . how much of the economy is propped up by government buys in the market? .

H2O @ over 1 year ago

Baltimore, MD 21240, USA

201a1ee3da38651c237630b5fee3fafd

When he buckled to the republican's demands during debt ceiling talks. Knowing the GOP couldn't allow this country to default on its financial obligations.

Bhaven87 @ over 1 year ago

Killeen, TX 76543, USA

201a1ee3da38651c237630b5fee3fafd

When John Boehner was bragging on TV, he got 98% of everything he wanted.

Bhaven87 @ over 1 year ago

Killeen, TX 76543, USA

5f13389fd6ea4b6de49bacec84ed7d8f

AMI,,, You're gonna tax my feeble memory. My favorite Obama move was when he threw the govt into the money market business. He, in effect, guaranteed the solvency of all money markets in the country. That was a biggie. He stuck his neck out to the

jc @ over 1 year ago

Yellow Springs, OH 45387, USA

5f13389fd6ea4b6de49bacec84ed7d8f

tune of trillions of dollars. And not one republican said a word. The crisis lasted less than foryy eight hours. The money market stabilized and it was forgotten. But trust me, that was ptobably the most significant single action in the turnaround.

jc @ over 1 year ago

Yellow Springs, OH 45387, USA

5f13389fd6ea4b6de49bacec84ed7d8f

He was never authorized to do it. And if it hadn't worked, probably would have ended in his impeachment.

jc @ over 1 year ago

Yellow Springs, OH 45387, USA

Ff0bc45e0c6ab8165b04eb40e5b1acf7

interesting that this move is not discussed more often, I'll have to research it

AMI @ over 1 year ago

Villa Park, IL, USA

5f13389fd6ea4b6de49bacec84ed7d8f

Bhavin,,, I was going to say the same thing. That was the dumbest move he's made. It was like asking to go through the same process every six months. Stupid. That fell under the "fool me once" rule. It didn't happen again.

jc @ over 1 year ago

Yellow Springs, OH 45387, USA

5f13389fd6ea4b6de49bacec84ed7d8f

AMI,, Good luck with that research. The fact that the market stabilized overnight left congress in the position of either authorizing his action, or leave well enough alone. Given the fact that the country was still fuming about the bank bailout,

jc @ over 1 year ago

Yellow Springs, OH 45387, USA

5f13389fd6ea4b6de49bacec84ed7d8f

I believe the prudent thought was "the less said about it, the better". Congress had already authorized a money market bailout in 08 for about 500 million. Also in 08 the fed stated that they would buy bad corporate debt from money markets up to a

jc @ over 1 year ago

Yellow Springs, OH 45387, USA

5f13389fd6ea4b6de49bacec84ed7d8f

a specified level. After Obamas speech, and the immediate turnaround, these levels may have been considered adequate.

jc @ over 1 year ago

Yellow Springs, OH 45387, USA

5f13389fd6ea4b6de49bacec84ed7d8f

I only remember that speech because my broker called me the next day to ask if I had seen the speech. I said yes. Then he went on to explain the gravity of Obama's commitment. It freaked me out. A couple of hours later the mm crisis was over.

jc @ over 1 year ago

Yellow Springs, OH 45387, USA

5f13389fd6ea4b6de49bacec84ed7d8f

The only other time I heard it discussed was on the Charley Rose show. Hank Paulson talked about it while pushing his book.

jc @ over 1 year ago

Yellow Springs, OH 45387, USA

441587fe232d918c3a4c8497d22aa156

the hippies won. http://www.forbes.com/sites/timworstall/2013/12/23/the-last-lead-smelter-in-the-us-closes-because-the-hippies-won/#7a94b60ff9d0

President Not Sure @ over 1 year ago

Wright City, MO, USA

Ff0bc45e0c6ab8165b04eb40e5b1acf7

http://www.wsj.com/articles/SB122186683086958875

AMI @ over 1 year ago

Villa Park, IL, USA

Ff0bc45e0c6ab8165b04eb40e5b1acf7

http://www.cnbc.com/id/48578949

AMI @ over 1 year ago

Villa Park, IL, USA

5f13389fd6ea4b6de49bacec84ed7d8f

AMI,, You did good. I just want somebody to explain how they were going to cover a couple trillion worth of funds with 50 billion. If things had gone south, that would have been a good trick.

jc @ over 1 year ago

Yellow Springs, OH 45387, USA

C767f03aeb282b9660d8157840047228

The move that shocked me was when Obama ordered and carried out the execution of an American citizen without due process. I know it didn't shake the earth like the economic stuff. But breathtakingly illegal in such a basic way...

Dr. Evil @ over 1 year ago

Lakeland, MN 55043, USA

C767f03aeb282b9660d8157840047228

Then the re-election campaign called and asked me to support them at the same level I supported Obama in 2008. I refused to give them a dime. When they asked why I told them. The poor phone bank volunteer didn't know what I was talking about.

Dr. Evil @ over 1 year ago

Lakeland, MN 55043, USA

C767f03aeb282b9660d8157840047228

It's a very serious accusation. And it's absolutely true. And no one cared because the targeted dude was in the middle east and was suspected of joining Al Quaida.

Dr. Evil @ over 1 year ago

Lakeland, MN 55043, USA

C767f03aeb282b9660d8157840047228

I don't care if you're worshipping Satan and plotting the end of the world. If you're a citizen of the U.S. you have the right to a trial in a U.S.court of law. They can't just decide to kill you. But that's what they did.

Dr. Evil @ over 1 year ago

Lakeland, MN 55043, USA

Ff0bc45e0c6ab8165b04eb40e5b1acf7

jc, what I'm seeing though attributes this move to Bush at the end of his term in office and the program was continued under Obama through most of 2009

AMI @ over 1 year ago

Villa Park, IL, USA

5f13389fd6ea4b6de49bacec84ed7d8f

AMI,, The first article that you found details the original program that was approved by congress. Under Bush. And it set limits on the funding. Obama's speech just guaranteed the solvency of money market funds. All of them. Basically, he said that

jc @ over 1 year ago

Yellow Springs, OH 45387, USA

5f13389fd6ea4b6de49bacec84ed7d8f

money market funds would enjoy the same protection as a bank account. With no limits.

jc @ over 1 year ago

Yellow Springs, OH 45387, USA

Ff0bc45e0c6ab8165b04eb40e5b1acf7

And the market just took his word for it, can you provide link referencing this speech?

AMI @ over 1 year ago

Villa Park, IL, USA

Ff0bc45e0c6ab8165b04eb40e5b1acf7

Also, looking at the largest economies in the world most of them have returned to or even exceeded to their level of growth in the years prior to the recession. Our growth is below that pre recession level. It should be better at this point

AMI @ over 1 year ago

Villa Park, IL, USA

Ff0bc45e0c6ab8165b04eb40e5b1acf7

I look back to the massive stimulus and bailouts that occurred between 2008 and 2010. It needs to be asked and analyzed what the ramifications of those decisions were. Beyond some investment and a pathway to incredible sums of new debt...

AMI @ over 1 year ago

Villa Park, IL, USA

5f13389fd6ea4b6de49bacec84ed7d8f

I believe the market reacted to the promise. No mention was made of the mechanics involved in the funding. And because the market reversed immediately, no action was really needed. I believe the fear was allayed with the speech.

jc @ over 1 year ago

Yellow Springs, OH 45387, USA

Ff0bc45e0c6ab8165b04eb40e5b1acf7

amazing what words without substance can do

AMI @ over 1 year ago

Villa Park, IL, USA

5f13389fd6ea4b6de49bacec84ed7d8f

I believe most major economies have gone through a series of good and bad years since 08. Growth rates are one measure of recovery. Stability is another. Our recovery has been consistant. Almost to the point of boredom.

jc @ over 1 year ago

Yellow Springs, OH 45387, USA

Ff0bc45e0c6ab8165b04eb40e5b1acf7

without any hard data to back up my opinion, I believe that will need to do better than 2-3% each year to build a tax base that can effectively offset the debt on the books, especially once interest rates start to rise

AMI @ over 1 year ago

Oak Brook, IL 60523, USA

5f13389fd6ea4b6de49bacec84ed7d8f

When interest rates start to rise, we will be screwed. Simple as that.

jc @ over 1 year ago

Yellow Springs, OH 45387, USA

5f13389fd6ea4b6de49bacec84ed7d8f

But that's just my opinion. We all know that "Reagan proved that deficits don't matter." , -- D Cheney

jc @ over 1 year ago

Yellow Springs, OH 45387, USA

Ff0bc45e0c6ab8165b04eb40e5b1acf7

Maybe Obama can come back and give a speech when the interest rates start to rise

AMI @ over 1 year ago

Elmhurst, IL, USA

C767f03aeb282b9660d8157840047228

the way to build a tax base is to get people working. More pay more workers more taxes. Raising the minimum wage to the point where it makes sense

Dr. Evil @ over 1 year ago

Lakeland, MN 55043, USA

C767f03aeb282b9660d8157840047228

to work and not stay home and collect welfare, particularly for single mothers, would be a great way to get people working and building a tax base. Rising tides should lift all boats not just the largest ones.

Dr. Evil @ over 1 year ago

Lakeland, MN 55043, USA

C767f03aeb282b9660d8157840047228

benefiting the average worker benefits the country economically. Our most prosperous times as a nation have been when we've had a robust middle class filling up the tax coffers.

Dr. Evil @ over 1 year ago

Lakeland, MN 55043, USA

Ff0bc45e0c6ab8165b04eb40e5b1acf7

yes, and we should look to the 80s, 90s, and parts of the early millennium to see what factors led to a more robust middle class during those times

AMI @ over 1 year ago

Elmhurst, IL, USA

26e82c69bac3abe48cfce8aae262fda8

Although it's always quite difficult to tease out global influence. It's like when the Left brings up the 50s and forgets about what just happened to the rest of the world.

The Drew @ over 1 year ago

Midtown, New York, NY

26e82c69bac3abe48cfce8aae262fda8

Was reading liberals are getting even more concerned with HRC because the blowout that might happen in this election won't be predicated on any policy but rather on voting against Trump

The Drew @ over 1 year ago

Midtown, New York, NY

26e82c69bac3abe48cfce8aae262fda8

Although depends what happens down ballot really I guess.

The Drew @ over 1 year ago

Midtown, New York, NY

5f13389fd6ea4b6de49bacec84ed7d8f

She's made some serious commitments to the Bernie camp. I don't think she can ignore them.

jc @ over 1 year ago

Yellow Springs, OH 45387, USA

Ff0bc45e0c6ab8165b04eb40e5b1acf7

She's a big policy whore

AMI @ over 1 year ago

Villa Park, IL, USA

26e82c69bac3abe48cfce8aae262fda8

Jc, she does whatever she wants. Haven't we figured that out by now?

The Drew @ over 1 year ago

Midtown, New York, NY

C767f03aeb282b9660d8157840047228

https://youtu.be/YyZfw2R3LMY

Dr. Evil @ over 1 year ago

Lakeland, MN 55043, USA

C767f03aeb282b9660d8157840047228

I quit my job today kiddies. Woot!

Dr. Evil @ over 1 year ago

Lakeland, MN 55043, USA

C767f03aeb282b9660d8157840047228

I did what I wanted.

Dr. Evil @ over 1 year ago

Lakeland, MN 55043, USA

Ff0bc45e0c6ab8165b04eb40e5b1acf7

congrats Doc, wishing you the best in whatever is next!

AMI @ over 1 year ago

Villa Park, IL, USA

C767f03aeb282b9660d8157840047228

Next is 50% more pay, so your wishes are fulfilled AMI! Thanks!

Dr. Evil @ over 1 year ago

Lakeland, MN 55043, USA

Ff0bc45e0c6ab8165b04eb40e5b1acf7

awesome, what is the new position if I may ask?

AMI @ over 1 year ago

Villa Park, IL, USA

6c48fb73634fa41fe7915a7faf370ee7

watch the stress levels Doc Stay clear of the folks you see there'll plenty of them out to kill you

Mr. Pink @ over 1 year ago

Strongsville, OH, USA

C767f03aeb282b9660d8157840047228

Same sort of work. Different place.

Dr. Evil @ over 1 year ago

Lakeland, MN 55043, USA

Ff0bc45e0c6ab8165b04eb40e5b1acf7

Great, congrats again

AMI @ over 1 year ago

Villa Park, IL, USA

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