Food Stamps up 39% since Obama took OfficeFollow

Am I too late to correlation=!causation?

Do you think it'd make a difference?

No, but I prefer for my +1's to at least be ostensible contributions to the discussion.

Oh BS! If that was true, then how come when said bubble collapsed, the highest decreases in federal revenues were about $400B/year? And good portion (about a third) of those figures (in 2009/2010) was in the form of Obama era tax credits passed in reaction (over-reaction?) to the economic situation. The reality, which those on the left desperately want to avoid facing, is that absent spending by the Dems after TARP, the economy would have lost about $250B/year in revenues for a couple years, we'd have spent an extra $450-500B over that same time period, and by mid to late 2010, we'd have been in full recovery, with nearly all of that TARP money paid back, and revenues coming back up, and jobs becoming available (and we likely would not have hit the same level of unemployment either).

The net effect would have been a period of 2-3 slow years, and about half a trillion dollars of extra debt, but an otherwise recovered economy. What we got instead is a yearly deficit of 1.2-1.5 Trillion dollars, a total increase to our debt of over 3.5 Trillion, and 3 years later we're still sitting at 9% unemployment. What the Dems don't want people to realize is that their "cure" was worse than the disease. Much much worse.

Edited, Jun 6th 2011 2:15pm by gbaji

We didn't see significant losses in manufacturing until *after* the Dems took office.



Ditto.



The stocks recovered. The banks paid back the money we lent them. Why aren't we recovered now? A good portion of our employment losses were because the Dems chose to make matters worse with their economic policies. They were not caused by the housing collapse.

Remember when the economy was still in a position where the Obama economic team could scare the public with the prospect of 8% unemployment? Yeah. How's that worked out since? And don't tell me that things were just worse than they thought. Things were exactly how they thought. They knew that the housing market collapse would cause a brief economic downturn, with a couple point increase in unemployment, and would require some bailout money to correct, just like previous bubble bursting events over the last 30 years have done. But they decided to take advantage of it and scare people into letting them spend massive amounts of money "fixing" a problem that was already fixed.


And that's what caused unemployment to continue to rise, well past that 8% mark. It wasn't that they misjudged where the economy was at the time, but that they misjudged just how incredibly harmful their own economic policies would be.

What about median incomes decreasing during that period of growth?

Another four years.

I liked when he traded Sammy Sosa to the White Sox.

Sounds like just what Man-Seeking-Man would want.