• UnderpantsWeevil@lemmy.world
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    14 hours ago

    Obama lead us out the Great Recession

    He presided as we left the Great Recession, under a policy of Keynesianism both he and Bush Jr had embraced.

    He didn’t lead shit. He did what his handlers told him to do and looked pretty on TV.

    The real economic vision of the Obama administration was not meaningfully distinct from Bush in '01 or Trump in '20. Bail out the plutocrats. Let debt collectors feast on everyone else.

    Trump who spent four years trashing everything

    We dipped back into recession in '14 and flirted with recession in '16. Trump took a bad situation and made it worse. But Obama never actually fixed anything.

    • SatansMaggotyCumFart@piefed.world
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      14 hours ago

      There wasn’t a recession in 2014 there was one quarter of contraction in the first quarter of 2014 but a recession is defined as a fall in GDP in two successive quarters.