T. A. Gardner
Serial Thread Killer
Well as per what economists say you have to spend your way out of a recession / depression and he did, to the tune of about 8 Trillion dollars over the 8 years he was in.
Some do, others don't. Spending your way out of debt, which is what that is, rarely works. It didn't work for FDR, for example. What did work is rearming for a world war.
Yes he ran up the debt, but Every Republican president we have had in the last 35 years or so has too, Reagan almost tripled it, Bush doubled it , Obama added almost 8 Trillion in 8 years and Trump added almost as much ( 8 trillion ) in his first 4 years and has added almost another 3 Trillion already in his second term, yes almost 11 Trillion in just over 5 years 5 months.
Reagan spent on a massive expansion of the military that the Soviet Union tried to match. It bankrupted the Soviets and their economy, then dictatorship, collapsed as a result.
When you take inflation into account, Obama added about twice as much, and worse, added the infinitely running Obamacare disaster to that. And, yes, Obamacare was and is a disaster.
You have to agree when Obama took over we were in a DEEP recession almost a depression and he got us back on track.
And it is a fact that 12 out of the last 13 Recessions we have had were started under a Republican President, Republicans run us into recessions and run up the debt and Dems get us out of them.
I can agree to that. It was the culmination of a really, really, bad plan to make mortgages more accessible to people who really couldn't afford mortgages. To make things worse, the people who primarily took advantage of that were ones in the middle and upper middle class who saw it as a means to get rich.
Recessions might start with a Republican president, but they are usually rooted in the bad policies of the previous Democrat(ic) president. Economic ruin doesn't happen in an instant. It can take years of building up to a breaking point.


