Anonymous asked in Politics & GovernmentPolitics · 5 months ago

10 years after the recession began, have Americans recovered?

7 Answers

  • Anonymous
    5 months ago
    Favorite Answer

    LoI my asshoIe is more like a sIit now because I got pounded there so much now

  • 5 months ago

    The rich have, the elderly and people living on fixed incomes and savings have not.

  • Anonymous
    5 months ago

    My neighbor killed himself 6 years ago. He was depressed about voting for Obama and then seeing how Obama damage the country so badly.

  • Anonymous
    5 months ago

    Americans did, but my father didn't. He lost his job during that time.

  • How do you think about the answers? You can sign in to vote the answer.
  • 5 months ago

    President Trump sure did turn the ship around.

    democrats said it would take a magic wand to get the economy going like this.

  • Anonymous
    5 months ago

    We will never recover from what bush and the elite have done to this nation, osama was smart cause he got bush to play into his plans by claiming responsibility for 9/11 which he knew would collapse America economically through never ending wars

    Source(s): After all osama was trained by our government
  • Bob
    Lv 7
    5 months ago

    Yes, thanks to Obama's policies.

    1. Ended the 2008 Recession

    In February 2009, Congress approved Obama's $787 billion economic stimulus package. It cut taxes, extended unemployment benefits, and funded public works projects.

    The recession ended in July 2009 when GDP growth turned positive.

    In just seven months, the American Recovery and Reinvestment Act pumped $241.9 billion into the economy. That increased growth to a robust 3.9 percent rate by early 2010. By March 30, 2011, almost all ($633.5 billion) of the funds were spent.

    2. Modernized the Auto Industry

    Obama bailed out the U.S. auto industry on March 30, 2009. The federal government took over General Motors and Chrysler, saving three million jobs. It forced the companies to become more fuel efficient and therefore more globally competitive.

    6. 2010 Tax Cuts

    In December 2010, Obama and Congress agreed upon additional stimulus in the form of an $858 billion tax cut. It had three main components: a $350 billion extension of the Bush tax cuts, a $56 billion extension of unemployment benefits, and a $120 billion reduction in workers' payroll taxes. Businesses received $140 billion in tax cuts for capital improvements and $80 billion in research and development tax credits. The estate tax was exempted (up to $5 million), and there were additional credits for college tuition and children.

    14. Third-Best Job Creator

    Obama is the third-best job-creating president in U.S. history. His policies put 16 million people to work from the depths of the recession in December 2009 to the end of his term. That's because unemployment continued to rise even after the recession ended in July. It takes a few months of economic growth before businesses are confident enough to begin hiring again.

    • Lv 7
      5 months agoReport

      Worst recovery from a recession in history. Not one year with GDP over 3.0% for two entire terms.

Still have questions? Get your answers by asking now.