When asked about his presidential legacy, Obama said he was proud of the healthcare reforms, which received huge cheers from the audience, and said of the US response to the 2008 financial crisis: “Saving the world from great depression – that was quite good.”
Reducing deficit spending from $1.3 Trillion to $300 billion, adding 11-12 million to the rolls of those covered by medical insurance, stock market more than doubled… All accomplished in spite of conservative obstructionism at every turn. Yes, it certainly is midnight in America.
Seven to eight years of a recovering economy and reduced military interventionism after the disastrous Bush years is not to be taken lightly. What is fiction is that returning to that same failed Republican policy will somehow solve all of America’s and the world’s problems. Probably explains why the Republicans are is such disarray in selecting a candidate.
In 2009 the world economy was in free fall, in part because of the reckless behavior of the folks on Wall Street, but in part because of reckless behavior of a lot of financial institutions around the globe. Obama was able to mobilize the world community, to take rapid action, to stabilize the financial markets and then in the United States to pass Wall Street reforms that make it much less likely that a crisis like that could happen again. The real fiction is where we were when Obama took over from his predecessor.
Another baseless post. Lookie, I can type numbers too!
32,000,000 joining the work force every day.Taxes reduced for middle class by .43% year over yearSpending per capita down 15% Debt levels reduced by 23%
I could go on, but it’s hard making this stuff up…
Some great slamming of Obama on here. All unsubstantiated, no facts, but yes, a whole lotta slamming going on. Fine. Slam away. But please, if you’re going to slam, give us some fact. Please, tell me, who is responsible for the economic upturn that we are indeed experiencing. Benson doesn’t like Obama, fine. But she’d better be ready to defend her opinion with facts. Otherwise she’s still fullah shinola.
Sorry but if had done nothing to stimulate the economy (yes the debt increase trying to keep us out of a great depression) we and the world would have fallen. The Republicans wanted austerity which is what Europe did and they are suffering from that approach still..Notice on the charts the economy stimulation when the Democrats were in control. Then you can see the party of No take charge of both houses..How Austerity Has Crippled the European Economy – In Numbers.https://www.socialeurope.eu/2016/03/austerity-crippled-european-economy-numbers/.Democrats saved the economy. Republicans tried to kill it..As recently as February 2014, 2016 White House hopeful and Florida Sen. Marco Rubio declared:. If you recall five years ago, the notion was that if the government spent all this money—that, by the way, was borrowed—that somehow the economy would begin to grow and create jobs. Well, of course, it clearly failed..Not according to the overwhelming consensus of economists, including the nonpartisan Congressional Budget Office (CBO). At its peak in 2010, CBO concluded, the American Recovery and Reinvestment Act added up to 3.3 million jobs, cut unemployment by as much as 1.8 percent and boosted GDP by up to 4.1 percent. (It’s also worth pointing out that the CBO repeatedly confirmed that aid to the states and purchases by the federal government delivers the biggest bang for the buck, while upper-income tax cuts provide the least.) As the Washington Post reported in June 2012, the House Budget Committee heard testimony from CBO chief Douglas Elmendorf and demanded his answer to a simple question: Did the $787 billion Obama stimulus work? Unfortunately for Republican propagandists, Elmendorf clearly refuted Mitt Romney’s claim that the American Recovery and Reinvestment Act (ARRA) was “the largest one-time careless expenditure of government money in American history.”.The tragedy is that what might be called the Obama Economic Miracle could have been even more miraculous if Republicans on Capitol Hill and in state and local governments hadn’t stood in his way. DC Republicans didn’t just block Obama initiatives like the American Jobs Act and infrastructure investment that could have boosted employment when unemployment was mired at 9 percent. They didn’t just strangle job creation and consumer confidence with their debt-ceiling hostage-taking. The destructive austerity policies of state and local governments created an “anti-stimulus,” with layoffs of public sector workers and cuts to spending that only served to undermine the gains from ARRA (see the second chart above). By May 2013, the Hamilton Project estimated those austerity policies cost 2.2 American million jobs and resulted in the slowest recovery since World War II. In April 2012, the Economic Policy Institute explained:. The current recovery is the only one that has seen public-sector losses over its first 31 months…If public-sector employment had grown since June 2009 by the average amount it grew in the three previous recoveries (2.8 percent) instead of shrinking by 2.5 percent, there would be 1.2 million more public-sector jobs in the U.S. economy today. In addition, these extra public-sector jobs would have helped preserve about 500,000 private-sector jobs...http://www.dailykos.com/story/2015/1/11/1356534/-Democrats-saved-the-economy-Republicans-tried-to-kill-it.Republicans put the brakes on Obama’s plan. They complain about the debt but fought for a tax cut to add to the debt. If they had been in control their austerity/tax cut plan would have made the economy worst than George Bush left it and increase the debt. You can look at how austerity worked for Europe as example. If Obama had not done what he had done and fought for what little he got, the US and world economy would be in bad shape.
.
Conservatives are liar, liar pants on fire about the Obama and the economy. The numbers prove what they are saying as wrong. They complain about the debt which they are a big reason it has gone up.- 2008 economic collapse and tax cuts.
Well, his policies have saved this US from a sure depression brought on by the debacle that was the Geo. Dumbya Bush administration which brought on the Great Recesssion. Thanks Barrack Hussein Obams. Unemployment is down…jobs are up, but don’t let those pesky FACTS get in the way of your pique of fear and ignorance.
PainterArt Premium Member about 8 years ago
Lisa Benson peddling Fiction..Pew:..Editorial cartoon is rated liar, liar pants on fire.
timgilley about 8 years ago
Spot on. A quote from the link:
When asked about his presidential legacy, Obama said he was proud of the healthcare reforms, which received huge cheers from the audience, and said of the US response to the 2008 financial crisis: “Saving the world from great depression – that was quite good.”
http://www.theguardian.com/us-news/2016/apr/23/barack-obama-london-visit-young-people-key-to-changing-the-world
Crabbyrino Premium Member about 8 years ago
Lisa…Healthcare for all, ending wars, getting Bin Laden, fixing financial mess left by Bush II, stock market @17,000. … That damn Obama.
vxprof1954 Premium Member about 8 years ago
Reducing deficit spending from $1.3 Trillion to $300 billion, adding 11-12 million to the rolls of those covered by medical insurance, stock market more than doubled… All accomplished in spite of conservative obstructionism at every turn. Yes, it certainly is midnight in America.
Gypsy8 about 8 years ago
Seven to eight years of a recovering economy and reduced military interventionism after the disastrous Bush years is not to be taken lightly. What is fiction is that returning to that same failed Republican policy will somehow solve all of America’s and the world’s problems. Probably explains why the Republicans are is such disarray in selecting a candidate.
Mr. Blawt about 8 years ago
In 2009 the world economy was in free fall, in part because of the reckless behavior of the folks on Wall Street, but in part because of reckless behavior of a lot of financial institutions around the globe. Obama was able to mobilize the world community, to take rapid action, to stabilize the financial markets and then in the United States to pass Wall Street reforms that make it much less likely that a crisis like that could happen again. The real fiction is where we were when Obama took over from his predecessor.
kevinanne about 8 years ago
Another baseless post. Lookie, I can type numbers too!
32,000,000 joining the work force every day.Taxes reduced for middle class by .43% year over yearSpending per capita down 15% Debt levels reduced by 23%
I could go on, but it’s hard making this stuff up…
Durak Premium Member about 8 years ago
Some great slamming of Obama on here. All unsubstantiated, no facts, but yes, a whole lotta slamming going on. Fine. Slam away. But please, if you’re going to slam, give us some fact. Please, tell me, who is responsible for the economic upturn that we are indeed experiencing. Benson doesn’t like Obama, fine. But she’d better be ready to defend her opinion with facts. Otherwise she’s still fullah shinola.
Happy Two Shoes about 8 years ago
If we only had another republican in office like W to destroy the world economy everything would be great!
PainterArt Premium Member about 8 years ago
Sorry but if had done nothing to stimulate the economy (yes the debt increase trying to keep us out of a great depression) we and the world would have fallen. The Republicans wanted austerity which is what Europe did and they are suffering from that approach still..Notice on the charts the economy stimulation when the Democrats were in control. Then you can see the party of No take charge of both houses..How Austerity Has Crippled the European Economy – In Numbers.https://www.socialeurope.eu/2016/03/austerity-crippled-european-economy-numbers/.Democrats saved the economy. Republicans tried to kill it..As recently as February 2014, 2016 White House hopeful and Florida Sen. Marco Rubio declared:. If you recall five years ago, the notion was that if the government spent all this money—that, by the way, was borrowed—that somehow the economy would begin to grow and create jobs. Well, of course, it clearly failed..Not according to the overwhelming consensus of economists, including the nonpartisan Congressional Budget Office (CBO). At its peak in 2010, CBO concluded, the American Recovery and Reinvestment Act added up to 3.3 million jobs, cut unemployment by as much as 1.8 percent and boosted GDP by up to 4.1 percent. (It’s also worth pointing out that the CBO repeatedly confirmed that aid to the states and purchases by the federal government delivers the biggest bang for the buck, while upper-income tax cuts provide the least.) As the Washington Post reported in June 2012, the House Budget Committee heard testimony from CBO chief Douglas Elmendorf and demanded his answer to a simple question: Did the $787 billion Obama stimulus work? Unfortunately for Republican propagandists, Elmendorf clearly refuted Mitt Romney’s claim that the American Recovery and Reinvestment Act (ARRA) was “the largest one-time careless expenditure of government money in American history.”.The tragedy is that what might be called the Obama Economic Miracle could have been even more miraculous if Republicans on Capitol Hill and in state and local governments hadn’t stood in his way. DC Republicans didn’t just block Obama initiatives like the American Jobs Act and infrastructure investment that could have boosted employment when unemployment was mired at 9 percent. They didn’t just strangle job creation and consumer confidence with their debt-ceiling hostage-taking. The destructive austerity policies of state and local governments created an “anti-stimulus,” with layoffs of public sector workers and cuts to spending that only served to undermine the gains from ARRA (see the second chart above). By May 2013, the Hamilton Project estimated those austerity policies cost 2.2 American million jobs and resulted in the slowest recovery since World War II. In April 2012, the Economic Policy Institute explained:. The current recovery is the only one that has seen public-sector losses over its first 31 months…If public-sector employment had grown since June 2009 by the average amount it grew in the three previous recoveries (2.8 percent) instead of shrinking by 2.5 percent, there would be 1.2 million more public-sector jobs in the U.S. economy today. In addition, these extra public-sector jobs would have helped preserve about 500,000 private-sector jobs...http://www.dailykos.com/story/2015/1/11/1356534/-Democrats-saved-the-economy-Republicans-tried-to-kill-it.Republicans put the brakes on Obama’s plan. They complain about the debt but fought for a tax cut to add to the debt. If they had been in control their austerity/tax cut plan would have made the economy worst than George Bush left it and increase the debt. You can look at how austerity worked for Europe as example. If Obama had not done what he had done and fought for what little he got, the US and world economy would be in bad shape.
.Conservatives are liar, liar pants on fire about the Obama and the economy. The numbers prove what they are saying as wrong. They complain about the debt which they are a big reason it has gone up.- 2008 economic collapse and tax cuts.
Dave Ferro about 8 years ago
Me, me, me… I, I, I…
JimBrinkley Premium Member about 8 years ago
lol..Good one Lisa!
Buzz the Bear about 8 years ago
Well, his policies have saved this US from a sure depression brought on by the debacle that was the Geo. Dumbya Bush administration which brought on the Great Recesssion. Thanks Barrack Hussein Obams. Unemployment is down…jobs are up, but don’t let those pesky FACTS get in the way of your pique of fear and ignorance.