D G Wrote:
Dec 21, 2012 10:51 AM
late 2008. BHO did not stabilize the economy. DJIA fell 20% in his first 6 weeks and it was called "the Obama Bear Market". Obama's expensive stimulus was later determined by economists to be ineffective. It actually made the economy grow more slowly than would have been the case without it. What really happened began in March 2009 when the Federal Reserve Board announced it would implement aggressive monetary policies. The program, called TALF injected massive amounts of liquidity into the credit markets. It made a recovery possible. The economy grew 3.0% in 2010 largely because of the Fed’s aggressive policies in 2009. The economy slowed to 1.7% in 2011. In 2012, fewer jobs are being created than in 2011. Next year, 2013, is...