ST Alpha - "That isn't what I am saying now is it. From where we are now we have not recovered to where we were then." (Reading a Post)

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In response to "So you just want to disregard the part where the shit hits the fan (which happened before he took office). -- nm" by pmb

That isn't what I am saying now is it. From where we are now we have not recovered to where we were then.

Posted by Bacon (aka redmond) Jan 24 '12, 18:12

My arguement isn't that that he didn't do a good job in preventing it from getting much worse than it did.

Look at home values alone. They were worth much more 4 years ago.

He has not brought us back yet. Heading that way, but not back to 4 years ago

Responses:

Your argument is wrong. The bailouts succeeded beyond anyone's reasonable expectations, particularly the auto industry. - David Jan 24, 18:22 12
- GM still owes us a bunch money and Chrysler is now in foreign ownership. DUUUDE!! The Banks made out like bandits....DUUUDE!!! - Bacon Jan 24, 18:25 7
  - GM has already repaid the 8.1 billion loan, didn't actually take the TARP money, and well.. did sell taxpayers stock that's not worth much. -- (link) - Qale Jan 24, 18:40
  - now in foreign ownership? they've been there since the late '90s. -- nm - mafic Jan 24, 18:28 3
    - Don't let facts get in the way. Hahah I forgot about the Germans -- nm - Bacon Jan 24, 18:29 2
      - I'm starting to suspect you are drinking again *and* engaged to a republican. -- nm - David Jan 24, 18:35 1
        
        I am sober, AND dating a liberal. -- nm - Bacon Jan 24, 18:40
  - Don't make me turn this into a Four Dude thread. -- nm - David Jan 24, 18:27 1
    - I am going to most likely vote for him because a Republican President, Congress and possible Senate scare teh shit out of me - Bacon Jan 24, 18:28
- "Paid Back In Full" was not a phrase that people expected to hear. -- nm - Beryllium Jan 24, 18:24 2
  - Look at the books. That isn't true. At all. -- nm - Bacon Jan 24, 18:25 1
    - The U.S. still has a ton of stock -- nm - Bacon Jan 24, 18:25
- Which one of the Republican candidates was against the GM bailout? -- nm - the liioulu with due book Jan 24, 18:23
rate of US GDP growth in 2008: 1.1%, in 2010: 2.8%, and probably around 3% for 2011 -- (link) - encyclopedia pixie Jan 24, 18:21
I would agree that things aren't back to where they were 4 years ago (at least for individuals. I'd argue that business profitability is back to - pmb Jan 24, 18:18 6
- I can agree with most of this. I still don't see business profits up in small business though -- nm - Bacon Jan 24, 18:20 4
  - Different economies of scale. -- nm - the liioulu with due book Jan 24, 18:23 3
    - We are still losing customers that are going out of business. Might be geographical but we are not out of the woods here -- nm - Bacon Jan 24, 18:27 2
      - Banks are lending money as they should in some cases. - the liioulu with due book Jan 24, 18:33 1
        
        Crud, that are up there should have been and aren't. - the liioulu with due book Jan 24, 18:36
- Unless your a teacher or a public employee who's not a cop or fireperson (in most places). -- nm - the liioulu with due book Jan 24, 18:19
might have something to do with a mortgage bubble bursting round that time - encyclopedia pixie Jan 24, 18:16 1
- Housing bubble probably inflated home values in a lot of places. -- nm - the liioulu with due book Jan 24, 18:18
Republicans and/or conservatives blocking every movie he makes just because he makes it is a big part of the problem. - the liioulu with due book Jan 24, 18:14

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That isn't what I am saying now is it. From where we are now we have not recovered to where we were then.

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