General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAre We Better Off Now Than We Were 4 Years Ago?
Four years ago today, September 15 2008, shock waves reverberated through the American Banking, Financial, Investment and Economic Communities. The Dow Jones Industrial Average dropped over 500 points that single day, and it all was just the beginning.
Lehman Brothers had declared bankruptcy.
George Bush was President and Hank Paulson was Treasury Secretary. The bottom had just fallen out of the Bush economic policies and the crisis, which was simmering, was now beginning a free fall of epic proportions.
Are we better off now than 4 years ago. Only an idiot would say no, and today's fourth anniversary date proves it.
Today's the day to ask your friends that question who are still undecided in this election.
Here's a news story on that day:
http://www.npr.org/templates/story/story.php?storyId=94640691
orpupilofnature57
(15,472 posts)was during the 2000 and 2004 campaigns.
louis c
(8,652 posts)Bluefin Tuna
(54 posts)louis c
(8,652 posts)Circa 1929 and 2008.
In 2003, they started two wars and put them on a credit card.
Obama ended one of the wars, doubled the value of Wall St., saved the Auto Industry, decimated al Queda and had 40 months of positive job growth in the private sector.
I'll match that up to the knuckle headed liar, Mitt Romney, any day of the week.
The last two Presidents that were successful in the Business Sector before being elected were Herbert Hoover and George W. Bush. How did that work out?
EdwardKingSolomon
(60 posts)If the Democrats invoked the nuclear option ( http://www.democraticunderground.com/10021339822 ), we wouldn't have had a Congress that stonewalled all progress these past four years.
Honeycombe8
(37,648 posts)But the country was losing hundreds of thousands of jobs every month, the stock market was down. banks were on the brink of collapse, the country was teetering on the edge of a second Great Depression. So yes, we are MUCH better off as a country.
But we're not out of the woods yet. It's going to take a while longer, but it looks to me like we're on the way up.
craigmatic
(4,510 posts)adding jobs every month.