The Strong Obama Recovery

Posted by | December 6, 2014 23:00 | Filed under: Contributors Economy Opinion Stuart Shapiro Top Stories

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Kevin Drum compares the Obama recovery with the Bush one.

Bush benefited not just from a historic housing bubble, but from big increases in government spending and government employment. But even at that his recovery was anemic. Obama had no such help. He had to fight not just a historic housing bust, but big drops in both government spending and government employment. Despite that, his recovery outperformed Bush’s by a wide margin.

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Copyright 2014 Liberaland
By: Stuart Shapiro

Stuart is a professor and the Director of the Public Policy
program at the Bloustein School of Planning and Public Policy at Rutgers
University. He teaches economics and cost-benefit analysis and studies
regulation in the United States at both the federal and state levels.
Prior to coming to Rutgers, Stuart worked for five years at the Office
of Management and Budget in Washington under Presidents Clinton and
George W. Bush.

24 responses to The Strong Obama Recovery

  1. searambler December 6th, 2014 at 23:20

    Yeah, I just read about this over at Fox News.

    Bwahahahahahahahahahahahahaha! Sometimes I crack myself up…..

  2. searambler December 7th, 2014 at 00:20

    Yeah, I just read about this over at Fox News.

    Bwahahahahahahahahahahahahaha! Sometimes I crack myself up…..

  3. FrankenPC . December 6th, 2014 at 23:58

    I suspect that when this is all over and people have had a chance to analyze all the details, Obama will go down in history as a strong US president. The numbers say so.

    • Scopedog December 7th, 2014 at 17:26

      He would have to–the numbers don’t lie, and what they point to is a President who will be considered one of the best. Plus he’s a helluva lot better than his predecessor, no matter how many firebaggers keep claiming that he’s “just like” Bush II.

  4. FrankenPC . December 7th, 2014 at 00:58

    I suspect that when this is all over and people have had a chance to analyze all the details, Obama will go down in history as a strong US president. The numbers say so.

    • Scopedog December 7th, 2014 at 18:26

      He would have to–the numbers don’t lie, and what they point to is a President who will be considered one of the best. Plus he’s a helluva lot better than his predecessor, no matter how many firebaggers keep claiming that he’s “just like” Bush II.

  5. William December 7th, 2014 at 01:21

    Imagine what he could have accomplished with a Congress that wasn’t trying to drive the country in a ditch

    • whatthe46 December 7th, 2014 at 01:42

      and with all their attempts to fk him sideways, he still did a damn good job. this just drives them nuts. and i love it.

  6. William December 7th, 2014 at 02:21

    Imagine what he could have accomplished with a Congress that wasn’t trying to drive the country in a ditch

    • whatthe46 December 7th, 2014 at 02:42

      and with all their attempts to fk him sideways, he still did a damn good job. this just drives them nuts. and i love it.

  7. OldLefty December 7th, 2014 at 06:58

    Duh.

  8. OldLefty December 7th, 2014 at 07:58

    Duh.

  9. KABoink_after_wingnut_hacker December 7th, 2014 at 07:26

    What the treasonous rightwing asshats don’t want their ignorant followers to know.

  10. KABoink_after_wingnut_hacker December 7th, 2014 at 08:26

    What the treasonous rightwing asshats don’t want their ignorant followers to know.

  11. William December 7th, 2014 at 08:05

    OH YEAH? Well….*hic*..what about BENGHAZI? Huh? *urp*
    LOve
    Richard.

  12. William December 7th, 2014 at 09:05

    OH YEAH? Well….*hic*..what about BENGHAZI? Huh? *urp*
    LOve
    Richard.

  13. searambler December 7th, 2014 at 08:31

    And THIS is the guy most Democratic politicians ran away from while campaigning for election or re-election this year. Mary Landrieau comes to mind. She finally got creamed, officially, yesterday. One more Republican going to the Senate next month, giving them 54, thanks in large part to a stunningly bad/inept Democratic Congressional campaign strategy. (And I use the word ‘strategy’ very loosely.)

    Bunch of frickin’ idiots…..

  14. searambler December 7th, 2014 at 09:31

    And THIS is the guy most Democratic politicians ran away from while campaigning for election or re-election this year. Mary Landrieau comes to mind. She finally got creamed, officially, yesterday. One more Republican going to the Senate next month, giving them 54, thanks in large part to a stunningly bad/inept Democratic Congressional campaign strategy. (And I use the word ‘strategy’ very loosely.)

    Bunch of frickin’ idiots…..

  15. arc99 December 7th, 2014 at 13:21

    For me, nothing is more indicative of the insanity of the American right than their hypocritical whining about unemployment while they simultaneously advocate policies which increase unemployment due layoffs of public sector workers at the federal, state and local level.

    This President has a fantastic record on the economy and the deficit. I have no doubt that our new GOP led Congress will be launching more Benghazi investigations, filing lawsuits, shutting down the government and do whatever else they can to avoid talking about the fact that the American economy in January 2015 is light years better than it was in January 2009 thanks in part to triilions of dollars spent on a war for weapons that did not exist.

    When he assumed office in January 2009, the CBO projected a budget deficit that would reach $1.2trillion. That deficit is based on the fiscal 2009 budget inherited from the Bush administration. Our deficit now stands at approximately $458 billion. The right wing lie is to blame the entire federal deficit peak on the President since it reached $1.4trillion. But the bulk of that deficit came from President Bush.

    From death panels to birth certificates, lying has been the core of the criticism of this President. As long as these critics insist on lying, I have no trouble coming to the conclusion that race plays a part in their criticism. Bigotry relies on lies about people, as does right wing criticism of the President. Draw your own conclusions.

  16. arc99 December 7th, 2014 at 14:21

    For me, nothing is more indicative of the insanity of the American right than their hypocritical whining about unemployment while they simultaneously advocate policies which increase unemployment due layoffs of public sector workers at the federal, state and local level.

    This President has a fantastic record on the economy and the deficit. I have no doubt that our new GOP led Congress will be launching more Benghazi investigations, filing lawsuits, shutting down the government and do whatever else they can to avoid talking about the fact that the American economy in January 2015 is light years better than it was in January 2009 thanks in part to triilions of dollars spent on a war for weapons that did not exist.

    When he assumed office in January 2009, the CBO projected a budget deficit that would reach $1.2trillion. That deficit is based on the fiscal 2009 budget inherited from the Bush administration. Our deficit now stands at approximately $458 billion. The right wing lie is to blame the entire federal deficit peak on the President since it reached $1.4trillion. But the bulk of that deficit came from President Bush.

    From death panels to birth certificates, lying has been the core of the criticism of this President. As long as these critics insist on lying, I have no trouble coming to the conclusion that race plays a part in their criticism. Bigotry relies on lies about people, as does right wing criticism of the President. Draw your own conclusions.

  17. madlib December 24th, 2014 at 01:38

    You look stupid now, Alison Lundergan Grimes.

  18. madlib December 24th, 2014 at 02:38

    You look stupid now, Alison Lundergan Grimes.

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