even when you show them the official facts they still deny it. I guess I would deny it also.
Both our great depressions were at the end of long-term republican control:
Jan 1920-1932 = Entire republican government = Great Depression 1
Jan 2001-2007 = Entire republican government = Great Depression 2
Republicans controlled the entire govt for 6 years and created a disaster which they blame on Obama.
Between Jan 20, 2001-2009…under Bush’s policies of deregulation, lax regulation enforcement, corporate welfare and a 15% tax rate on stock profits for wealthy people:
Gasoline tripled from 1.44 to 4.11 per gallon (peaked July 2008)
Unemployment skyrocketed 80% from 4.2% to 7.8%…8.2% Obama’s first full month
Dow Jones stock market plunged 25% from 10,587 to 7,949
Budget went from a 236 billion surplus to a 1.3 TRILLION deficit (a 1.5 trillion drop)
National debt doubled from 5.7 trillion to 10.6 trillion (a 4.9 trillion increase)
Borrowed 2.5 trillion for tax cuts for mostly wealthy people
Borrowed a trillion dollars for two fake wars (all hijackers were from saudi arabia)
Borrowed a trillion dollars for Medicare part D which outlawed govt bulk discounts
Trillions in secret Federal Reserve loans to prop up wall street
USA losing 700,000 jobs monthly – unemployment rate growing 1% every 6 weeks
Economy in total freefall
This is called “common sense conservative government”
Obama inherited a total disaster and it will not be fixed overnight