Quote:
Originally Posted by raymor
He was handed a slowly growing economy. Look it up. Growth sucked on 2007 - 2008, but it was growth. Obama's historic deficit spending turned slow growth into a nosedive.
To put it in porn terms, he turned Fran Drescher (not that hot, but a chick) into Danny DeVito (puke).
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I think you are a little off here.
Here are the numbers for the GDP growth/shrink in 2008/2009.
2008
Q1: -.7%
Q2:+1.3%
Q3:-4.0%
Q4:-8.9%
2009
Q1: -6.7%
Q2: -.7%
Q3:+1.6%
Q4:+3.8%
This information comes from
here. Obama took office at the end of January 2009 so he was there for 2 months of Q1 of 2009. By the end of his first year the GDP was growing again and has been positive ever since.
I'm not saying he has done a great job, I have been pretty disappointed in him for a number of reasons, but to say that he was handing a slowly growing economy and crashed it simply not accurate.
Here is another graph showing the GDP growth and or shrink
