Econ 101-102 wrote:
Econ 101-102 wrote:
Plenty of downside? Are you kidding me? It was down nearly 50% by the time Obama took office! There was no more downside to be had. The bank and auto bailouts were signed by Bush already.
After the initial bailouts, the stimulus was largely ineffective, which is why the recovery was so slow (do NOT compare to "other countries" that persued austerity, as their situations were MUCH different than ours). Buying $85B of gov bonds each month didn't really spark the economy as intended, but it added a ton to the national debt. The policies the Obama administration pursued helped the banks. Remember how he was going to hold them accountable"? Ha!
Do you know who was involved in forcing banks to give loans to people who couldn't afford them? Ever hear of the sub-prime mortgage crisis?
Nah we're talking about reality, not whatever alternate Earth timeline you seemed to have cooked up. Confusing with the release of Marvel's Infinity War coming up soon though so I'll give you a pass