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blackhawks

02/21/19 12:49 PM

#302029 RE: rooster #302027

Yeah the Stimulus, together with the other steps mentioned in the article you fact-challenged RW moron.

The numbers are what they are; they don't lie, but you sure TF do.


Still, Obama's role was crucial. Against opposition, he decided to rescue General Motors and Chrysler. Throwing them onto the tender mercies of the market would have been a huge blow to the industrial Midwest and to national psychology.

He also championed a sizable budget "stimulus." Advertised originally as $787 billion, it was actually $2.6 trillion over four years when the initial program was combined with later proposals and so-called "automatic stabilizers" are included, says the CEA.

More generally, Obama projected reason and calm when much of the nation was fearful and frazzled. Of course, he didn't single-handedly restore confidence; but he made a big contribution. So did the underlying flexibility and resilience of the U.S. economy.

In its report, the CEA contends that the recovery from the Great Recession is mostly complete. This seems plausible. Since the low point, employment is up 15.6 million jobs. Rising home and stock prices have boosted Inflation-adjusted household net worth by 16%. Gross domestic product - the economy - is nearly 12% higher than before the financial crisis.