Archive for republican administration

Bush took us into the deepest Recession; Obama kept us from falling into a Depression!

Posted in America's 2%, America's 98%, ANN ROMNEY, Condoleeza Rice - Liar, Extreme Views, George W. Bush, Hope for better tomorrows, Housing Market, humility, Michelle Obama, Misguided, Mitt Romney, Paul Ryan, Politics, Poverty, President Obama, Progress, Republicans, Sub-Prime Mortgage, The Elderly, Veterans, Vulture Romney, Women's Rights with tags , , , , on October 6, 2012 by sheriffali

Beyond the shifting job numbers, what matters is how, with right fiscal-monetary policy mix, and astute management, Obama has held on firmly against all the odds in preventing the US economy from falling into a Depression.

 

As for the clearing of the mess that he had inherited from the preceding Republican administration, let alone Obama, no other President in his place could have done much to fix the economy than perhaps he did, despite constant hurdles presented by the Republican opposition.

 

Again, as far as the employment situation is concerned, it’s not the government driven effort only that matters, rather equally important is private sector push, that was deliberately withheld, leaving Obama alone to do whatever he could to at least not allow further deterioration of our Economy and Employment!

 

There is rough justice in the way things are playing out. Having spent the last year wrongly blaming the president for high unemployment, Republicans can only stand by helplessly as the unemployment rate goes down at the worst possible moment for them. Fox News scoured the data Friday, looking for signs that the economy wasn’t improving. They found some: high unemployment for African-Americans, for instance, and fewer manufacturing jobs.