How come Obama is not being credited for ending the recession?
It looks like his financial stimulus packages have worked to end the recession which began under Bush in December 2007 and cost 4 millions job before Obama even got in to office. DOW is also nearly 10,000 after reaching 6500 in March. SO why isn't he receiving any credit from the Republicons?
Asked By: ♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦ - 9/15/2009
Best Answer - Chosen by Asker
You are getting your information from the people who want to take more control over the finacial markets. If you get your news from different sources you do not get the same picture. Until people quit losing their homes and unemployment starts going down the recession is not ending... More
Answered By: johninjc - 9/15/2009
Additional Answers (13)
the wall street journal gave the stim package credit. the republicans havent given credit for any good ideas. when things are working like the clunkers program they want it to stop. sounds like schaudenfreude
Answered By: Tom R - 9/15/2009
Answered By: Rather Die Free - 9/15/2009
The dow means nothing, Were going down the crapper soon under this so called leadership!
Answered By: Original Community Organizer ! - 9/15/2009
FYI the recession is not over. The DOW is one indicator, but unemployment and the housing market are still in the dumps. And for those of you that say the housing market isn't in the dumps, the homes that ARE selling are short sales and foreclosures. Almost everyone in the country lost equity in their home and that... More
Answered By: Lisa D - 9/15/2009
If you think the recession is over because of the stock market, you've got bigger problems than worrying about what kind of credit Obama is getting. Stimulus bills are temporary boosts in the economy, not long term. Do some research. As long as the Fed is still slacking credit checks and setting sub-prime interest... More
Answered By: JindalRevolution - 9/15/2009
How come Obama is not being credited for ending the recession? LOL! maybe because it has NOT ended.
Answered By: maxxspeedist - 9/15/2009
His stimulus plan has done little. As of September 4th, only about 12% of the stimulus funds have been spent. See the link... More
Answered By: Uncle Pennybags - 9/15/2009
K, where do you live, because right now I'm laid off, im about a week away from being kicked out of my house, and as much as I hoped for "Change" I didn't think it would cost me everything i have, those stimulus packages never even reached my business, so where r you cause I wanna be their!
Answered By: Tyler T - 9/15/2009
It's easy to sign a stimulus bill. Obama signed that. Millions of Americans are going to pay for this billion dollars debt and you want to credit THE Mighty OBAMA for that? haha
Answered By: jake - 9/15/2009
Because the recession has not ended. Obama hasn't done anything good since he's been in office. Unemployment is still at a record high and businesses are still closing at a record rate. You're getting your information from Wall Street.......didn't you know those guys are all messed up?
Answered By: DDD - 9/16/2009
The president is not being credited, because he hasn't done anything to end the recession. The recession is NOT over. The feds have totally cooked the books and what you are seeing in the mainstream news are complete fabrications. You need to understand that this is not about the president, and is something far... More
Answered By: bigtigerthecat - 9/16/2009
Because their expertise is in destroying the economy, not fixing it. Obama is Right!! Quit believing GOP scare tactics, they only care about getting back in office. Which they won't. Vote Dem, ALWAYS!!
Answered By: Agent Orange - 9/17/2009
Because the republicans KNOW better. That idiot is doing nothing but about to destroy this country. Did you see the book he was carrying to the plane on his vacation with his family? It was a book on how to destroy America. Do some research on it. That man deserves no credit whatsoever! He needs to be impeached... More
Answered By: MEL0929 - 9/17/2009
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