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Yes, he did. It's amazing how inheriting a thriving economy, and then lowering taxes, while increasing government spending, can result in a strong economy. Un
by VikingCoder 8y ago
Yes, he did. It's amazing how inheriting a thriving economy, and then lowering taxes, while increasing government spending, can result in a strong economy. Unfortunately the national debt is going up and up, too.
- simula67 8y agoUS economy is strong enough that it rebounds after a crash like in 2008. The recovery under Obama was the worst in a long time [1] Stock markets ( which are a rough proxy for investor confidence ) went up on the eve of election results [2], so it is an awfully specific time for the "inherited economy" to improve [1] https://www.forbes.com/sites/louiswoodhill/2012/08/01/obama-wins-the-gold-for-worst-economic-recovery-ever/#1b9ade873ca2 https://www.forbes.com/sites/louiswoodhill/2012/08/01/obama-... [2] https://www.businessinsider.in/Heres-why-stocks-have-been-on-a-tear-since-Trumps-election/articleshow/55942263.cms https://www.businessinsider.in/Heres-why-stocks-have-been-on...
- linkregister 8y agoReal GDP growth quarter-over-quarter was higher in 2014 than in 2017 or 2018 [1]. In reality, the chief executive has a small possible impact on the economy in the positive direction, and an unbounded opportunity for plunging its economy. Claiming Obama is responsible for the recovery is disingenuous (beyond some good Federal Reserve and Treasury appointments). 1. https://www.statista.com/statistics/188185/percent-chance-from-preceding-period-in-real-gdp-in-the-us/ https://www.statista.com/statistics/188185/percent-chance-fr...