Originally Posted by Robbie

The "Great Recession" also known as the LESSER Recession.

It was nothing like what I saw in the late 1970's. With the gas crisis and inflation running at 11.3% and by 1980 inflation was at 13.5%
If that happened now...our country would go under all the way.

I got my drivers license in 1977. And I remember only being able to get gas on even days (according to your tag number) in Florida and waiting in lines that went down the street to try and get some.

The only people making money back then were folks who HAD money to begin with.
The interest rates were at 12% and above. I remember that very well because my grandparents had a million dollars in different bank CD's that they were getting monthly big ass checks from.

But the "normal" people were suffering hard.

Then the 1980 "real" recession happened.
"Employment conditions deteriorated throughout 1980. The unemployment rate in the U.S. , reached 10.8% in December 1982 ?higher than at any time in post-war era. , Job cutbacks were particularly severe in housing, , steel and automobiles. , By September 1982, , the jobless rate reached 10.8%. , Twelve million people were unemployed, , an increase of 4.2 million people since July 1981. , Unemployment rates for every major group reached post-war highs, , with men age 20 and over particularly hard hit."

42 banks FAILED. It was a nightmare.

By 1984 the country was pretty much completely turned around. Reagan took office in 1981. The recession was already a year old when he came in.

The policies that he and the Democrat Congress and Senate COMPROMISED on turned the country back around in 3 years and set a course for a pretty nice run of prosperity.

Pres. Obama is now in his 5th year. And his 5th year of saying that this would be the "Summer of Recovery"

At some point, people are going to have to realize that there is a reason he jumped to "Health Care" at the beginning of his Presidency instead of the economy. And that recently he tried to deflect and pivot to "Immigration Reform" instead of the economy.

In my humble opinion...it's because he doesn't have a clue.

I think Obama would have been a GREAT President if he had come in at a time of prosperity. I think going for a single pay health plan would have been awesome and he was the guy who was popular enough to have pulled it off.
Also his nudging of the social issues (pro-gay, etc.) would have been great.

But he is just the absolute wrong guy to turn the country around.

I'm of the belief, at this point, that we will see this economy bloom about a year after Obama leaves office.
He has lost the confidence of anyone with any financial clout. He has lost the confidence of the people. And he has zero chance in hell of being able to work with Congress and the Senate.

He's like the earliest "lame duck" ever.