Quote:
Originally Posted by Pete F.
And tell me just how did this silver spoon, reality TV star, real estate grifter from Queens become the voice of the Republican party?
Because far from ushering in Bolshevism, the Obama-Biden administration presided over the longest economic expansion on record and falling violent crime.
This year, by contrast, Trump admin has seen the worst recession since the 1930s and a rising murder rate.
But he takes no responsibility at all
Posted from my iPhone/Mobile device
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This is incorrigible bull$hit. It's what you do. Keep repeating junk.
Here is a Wikipedia synopsis of Obama's fabulous economic expansion:
"The effects of the Great Recession of 2007-2009 continued to be felt for years, with the economy described as a "malaise" as late as 2011. Employment growth remained historically low, and unemployment would not return to pre-recession levels until 2016. Long-term unemployment rose to a record high while labor force participation fell off sharply as many of the unemployed gave up looking for work. In an effort to spur economic growth, the Federal Reserve engaged in three rounds of quantitative easing, while the federal funds rate was kept near zero for an unprecedented seven years. However, credit remained difficult to obtain for some time, as lending institutions used the newly created cash to shore up their balance sheets. What growth occurred was unevenly distributed;
roughly half of GDP growth from 2009-2015 went to the top 1% of households.[ Unlike every previous post-war expansion, GDP growth remained under 3% for every calendar year."
As one "expert" put it: "On almost every measure examined, the 2009-2015 recovery since the recession ended in June of 2009 has been the meekest in more than 50 years."
From a Washington Examiner Jan. 20, 2020 article: "President Trump starts off 2020 having presided over a lower average unemployment rate than any president at a comparable point in office in recorded history.
On Friday, the Bureau of Labor Statistics reported that the unemployment rate held steady at a historically low 3.5% in December. Since February 2017, Trump's first full month in office, the monthly unemployment rate has averaged 3.9%. No prior president has averaged less than 4% over the first 35 months of his presidency. The closest was Dwight Eisenhower, when the rate averaged 4.3% between February 1953 and December 1955."
Since covid, The WORLD, not just the U.S. "has seen the worst recession since the 1930s." And the murder rate has risen with the help of Progressive cities like NY pulling back on police presence and effectiveness.