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Originally posted by Athin I just think it's hilarious that people STILL blame Bush after being out of office for 4 years.
Perhaps not two, but every economic downturn in this country since 1882, except for two, have been completely repaired in, at most, 3 1/2 years. The Great Depression was the other one.
why do people think you can recover from a depression in 2 years ?
Originally posted by charles1952
reply to post by syrinx high priest
Perhaps not two, but every economic downturn in this country since 1882, except for two, have been completely repaired in, at most, 3 1/2 years. The Great Depression was the other one.
why do people think you can recover from a depression in 2 years ?
The Atlanta Federal Reserve studied them all and said that current research shows that the two things that these two "depressions" have in common causing the slow recovery are uncertainty and government policies.
I'm fairly sure I didn't say that. I don't believe that the only causes of the recession were decisions made by President Bush, and the whole thing is irrelevant to the point I was trying to make.
so bush caused the depression, we agree on that.
That's touching on the point, but still missing it. The article indicated that the reason the Obama recession is taking as long to fix as the Great Depression is because of Governmental policies and uncertainity. It's not that he's too slow to fix it, but it's worth noticing that every other president who has faced a serious economic problem, whether they were smart or stupid, Republican or Democrat, fixed it a lot faster than Obama. It's that Obama is aggravating the recession, making it longer lasting. The real question is why does Obama want to destroy our economy?
so if obama didn't fix it fast enough,
I think you're mistaken if you think that the centerpiece of economic reform is reduction of regulations. Besides, I hope you would agree that some regulations turned out to be helpful, and others made things worse.
we should let them back in to roll back regulations and go for it again ?
pure stupidity