|
Everything was peaking/crashing, starting to tumble before they took over. Housing peaked in 06, then started its massive decline. 'Job loss' during all of that decade was crazy, it was double the 90's and going back up before they took over - Job creation did not keep up with job loss. We hit a record on the Dow Oct 2007 then the drop hit but, today's Dow is roughly equal to 1998's Dow, which was mighty strong. GDP is higher today as well - it's only dip is in 2009, slightly, the only time for about the last 15 years.
Something to note: Reagan bailed out Chrystler for $4 billion, Illions Bank for $9.5 Billlion and the Savings & Loans crap cost $293 billion. Bush, 'signed'... $1.3 trillion total in bailouts.
Democraps are shit too, they could have said no, piss off and forced most of this away - but they didn't. Either way, it all comes down to this... What happened and what we're left with, is NOT Obama's fault.
|