kentuck (1000+ posts) Sat Jun-04-11 06:31 AM
Thus far, Obama has been unable to get us out of the Bush Depression.
He has tried just about everything.
He used Bush's TARP money to try and save the banking system. He tried huge stimulus spending, almost a trillion dollars. He tried taxcuts for working people. He tried bailouts for the car makers. He tried giving money to the states. Yet, we still have high unemployment and businesses are not investing in jobs. The stock market and the wealthy are doing very well, however.
Republicans ask why Obama has not gotten us out of this "recession" yet? Reagan was able to do it in two or three years. Unfortunately, all "recessions" are not the same. This mess left behind by one George W Bush was a depression. It was an economic collapse. This is not your grandfather's recession.
For those that talk about a "double-dip", I would say that is not accurate. We never recovered from the first "dip". That dipshit Bush left us a Depression that is not going to be easy to extricate ourselves from. Some economists are suggesting it may take several years?
The President has tried but he has come up short. Republicans, as well as many Democrats, are calling him a failure. They want back in power because they say they know how to create jobs. More taxcuts! They are right about one thing - elections have consequences.