Quote:
Originally Posted by afc wimbledon
The recession of 73 to 75, caused by opec oil price rises, nothing to do with Carter, was a minor glitch compared with our current recession. The only president that had to deal with anything comparable to Obama would be Hoover/Roosevelt in the dirty thirties.
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Dude,
I know he had nothing to do with it. As per Valo's post it is about what he had to deal with it.
Reagan had a worse economic condition at the beginning of his Presidency. FAR worse than Obama. Obama continued the Cony Capitalism to the Nth degree and was rewarded with a recession. No, not all his fault, because the European Union owns a lot of it too. But he sure didn't create any soft landing. Instead of taking a bitter pill to let companies (GM and Chrysler) and banks fail, he continues Bush's bank bail out and propped up crappy companies. And now we all benefit from his largesse. Nice recession that is looking like it will trump the last one.