Quote:
Originally Posted by zimmy
The stimulus: no way to really know, but many independent economists have said unemployment would have been several points higher and some say the stimulus was too small. Unemployment doubled under Bush , went up about 2% more in the beginning of Obama's presidency, has dropped back down and is trending down.
Adding more debt: yeah 2% more than Bush 2 at this point. 8% more than Reagan, at this point. Definitely a sign of a radical.
Taking over the auto industry: again... you must be joking. GM has a record $7.6 billion profit last year. Chrysler had the first profitable year since 2005. The loans to the auto companies prevented economic devastation.
Remember, this started by you claiming Obama was so far from a centrist. So he pushed for the same health plan as the leading Republican candidate. Raised debt during a recession, about the same percent as the previous republican president over 8 years and within 10% of the Republican political messiah. $80 billion loan to the auto industry, most of which was paid back, almost exactly the same amount of subsidies for fossil fuel industry from 2002-2008. Quite radical.
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You forgot about Obama's radical obsession with killing terrorists. In some circles they call it appeasement
Dow closed above 13,000 yesterday for the first time in 4 years. The auto industry, a cornerstone of the American fabric is doing well and consumer confidence is rising.
The market sees an Obama victory in November and is responding positively.
-spence