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Obama says Bush policies ended the recession.

VanceMack

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Recession ended in 2009, panel says - Local News - Cleveland, OH - News - msnbc.com

"The longest recession the country has endured since World War II ended in June 2009, according to a group that dates the beginning and end of recessions.

The National Bureau of Economic Research, a panel of academic economists based in Cambridge, Mass., says the recession lasted 18 months. It started in December 2007 and ended in June 2009. Previously the longest postwar downturns were those in 1973-1975 and in 1981-1982. Both of those lasted 16 months."

This is being touted by Obama on his current lets elect democrats tour. So...question...if the recession actually ended in June 2009, doesnt that mean that it was the Bush economic policies that brough about the end to the recession?
 

roughdraft274

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Recession ended in 2009, panel says - Local News - Cleveland, OH - News - msnbc.com

"The longest recession the country has endured since World War II ended in June 2009, according to a group that dates the beginning and end of recessions.

The National Bureau of Economic Research, a panel of academic economists based in Cambridge, Mass., says the recession lasted 18 months. It started in December 2007 and ended in June 2009. Previously the longest postwar downturns were those in 1973-1975 and in 1981-1982. Both of those lasted 16 months."

This is being touted by Obama on his current lets elect democrats tour. So...question...if the recession actually ended in June 2009, doesnt that mean that it was the Bush economic policies that brough about the end to the recession?
Does that mean that the Bush economic policies created the recession?

There's really too much going on during a recession to be able to point a finger at one thing or one factor, or even one person, and claim that this one thing completely created/ended a recession.
 

washunut

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Does that mean that the Bush economic policies created the recession?

There's really too much going on during a recession to be able to point a finger at one thing or one factor, or even one person, and claim that this one thing completely created/ended a recession.
Please point to the policies in the Bush administration that led to the recession. Be as specific as possible.
 

roughdraft274

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Please point to the policies in the Bush administration that led to the recession. Be as specific as possible.
Please point to where I said that the policies in the Bush administration that led to the recession. Be as specific as possible.
 

VanceMack

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Does that mean that the Bush economic policies created the recession?

There's really too much going on during a recession to be able to point a finger at one thing or one factor, or even one person, and claim that this one thing completely created/ended a recession.
Actually MY point would be that the recession ISNT OVER. They are embellishing statistics to paint a favorable picture prior to the election. We are still losing net jobs, but claiming job creation. Unemployment figures remain unchanged, but we know that part of the reason those unemployment numbers are what they are is that they are reporting claims, not those that are actually out of work and havent filed or have run out of unemployment benefits. We are still facing record foreclosures. Our national debt continues to balloon.

As for who is 'responsible'...well...it pretty much HAS to be one way or the other, doesnt it? You cant claim that we are still dealing with an economic mess because of Bush and that the recession stopped 5 months into the Obama presidency, can we? Of course not. Wait...scratch that...we couldnt with a straight face and expect critical thinkers to take things seriously. But since Obama can follow the Bush plan in Iraq and claim victory, I suppose he can claim victory over the recession as well.
 

VanceMack

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Please point to the policies in the Bush administration that led to the recession. Be as specific as possible.
See post 5. I dont think the 'recession' is over. I think they are gaming statistics to paint a positive picture before the election.
 

roughdraft274

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Actually MY point would be that the recession ISNT OVER. They are embellishing statistics to paint a favorable picture prior to the election.
Agreed, but I think even Obama is still pointing out that things aren't doing great and that we haven't turned everything around yet.
 

VanceMack

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Agreed, but I think even Obama is still pointing out that things aren't doing great and that we haven't turned everything around yet.
I got that part of his answers yesterday. I think it would have to take some major league chutzpah to say ANY of the things enacted are working. At the very least, policies are simply sticking straws in the damn...trillion dollar straws that our grandchildren are going to have to pay for.
 

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It means no president controls the economy.
 

VanceMack

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It means no president controls the economy.
And the light suddenly emerges from the darkness...

Now if only your revelation could go out in memo format to all politicians...and all pundits...
 

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I got that part of his answers yesterday. I think it would have to take some major league chutzpah to say ANY of the things enacted are working. At the very least, policies are simply sticking straws in the damn...trillion dollar straws that our grandchildren are going to have to pay for.
And whom will they be paying this money to?
 

Boo Radley

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And the light suddenly emerges from the darkness...

Now if only your revelation could go out in memo format to all politicians...and all pundits...
I have said it often. But politicians have to pretend they control it. otherwise, they couldn't use it. ;)
 

VanceMack

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I have said it often. But politicians have to pretend they control it. otherwise, they couldn't use it. ;)
We cant POSSIBLY have agreed twice in the same thread. So...how do you feel about guacamole? I HATE avacados!
 

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Recession ended in 2009, panel says - Local News - Cleveland, OH - News - msnbc.com

"The longest recession the country has endured since World War II ended in June 2009, according to a group that dates the beginning and end of recessions.

The National Bureau of Economic Research, a panel of academic economists based in Cambridge, Mass., says the recession lasted 18 months. It started in December 2007 and ended in June 2009. Previously the longest postwar downturns were those in 1973-1975 and in 1981-1982. Both of those lasted 16 months."

This is being touted by Obama on his current lets elect democrats tour. So...question...if the recession actually ended in June 2009, doesnt that mean that it was the Bush economic policies that brough about the end to the recession?
?.. A libertarian braging about TARP? The single largest government intervention ever? Someone is confused idiologically. 0.o
 

Kushinator

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?.. A libertarian braging about TARP? The single largest government intervention ever? Someone is confused idiologically. 0.o
The alternatives were: nationalization or bank runs.
 

Gabriel

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The alternatives were: nationalization or bank runs.
Nationalisation might have been a good alternative to weed the mess out and then re-privatise it.
 

VanceMack

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?.. A libertarian braging about TARP? The single largest government intervention ever? Someone is confused idiologically. 0.o
Sigh...

Notice the heavily bolded IF. then read the follow on comments that clearly indicate i dont believe ANYTHINg has ended or been resolved.
 

Gabriel

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Sigh...

Notice the heavily bolded IF. then read the follow on comments that clearly indicate i dont believe ANYTHINg has ended or been resolved.
The group that determines that is one that specialises in when recessions and begin.. that's what they do. They have the data.. past tense.
 

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We cant POSSIBLY have agreed twice in the same thread. So...how do you feel about guacamole? I HATE avacados!
We beeter quit or we'll find we're twins. ;)
 
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