General Discussion
In reply to the discussion: We may not survive this next recession [View all]brush
(61,033 posts)books. The Obama admin. shouldered that burden and put it ON THE BOOKS and along with W's other debts, proceeded to dig the country out of the steep hole Bush's policies dug us into.
Btw, W inherited a large budget surplus from Clinton which he squandered with a tax cut that hardly amounted to anything to the average American. So O not only dug us out of the hole where we were losing 700k jobs a month to one creating 250-300k a month. He turned over an expanding economy to trump who takes credit for what Obama built from a DOW of 7550 to nearly 20,000 when he left office.
After the continued Obama expansion for trump's first year (which he takes credit for), the trump economy has stayed in a trading range from 23500 to 26700 it just goes up and down in that range which it never breaks out of. It's hard to make money off the ups and downs if you're just an average 401k person as your value will just go up and down with the market.