Debalic wrote:
And [if/when] the economy *does* recover, due to Obama's actions? What then?
If/when you or anyone can make a reasonable case that his actions were the prime cause of recovery, I'll acknowledge his part in said recovery. I'm not holding my breath though. My moneys on just claiming that since the economy recovered, and Obama was in office, that it must have recovered because of him...
Jophiel wrote:
Kind of like how you guys couldn't get enough of sucking off Bush as the economy moved out of the recession in 2000-2002? I remember Totem starting a thread demanding that we all acknowledge Bush as the best president ever for the nation's economic victories and you never once tried to correct him.
Best president ever? I love the "all or nothing" conditionals you use so consistently.
Here's the thing. I *can* present a reasonable case that Bush's actions were the prime cause of recovery (more specifically the rapidity of the recovery in that case). At the time, we pointed to the tax cuts designed specifically to allow those segments of the economy most hit by the downturn to recover, with a belief that as the businesses recovered, jobs would come back, and the entire economy would recover as well.
And what do you know? It worked exactly as predicted.
Contrast that to Obama's approach to do everything he can to hinder and harm the parts of the economy (financial industry) most directly affected by the downturn. What little help is being provided is designed to be the bare minimum, not to allow for profits, but just to keep them from bankruptcy. And those are being coupled with strangling regulations and conditions. Bush understood that for business to benefit "the people", it has to be more than just making even. It has to be profitable. Obama apparently doesn't understand this. That's why his actions aren't helping.