Uh, those financial regs HURT the recovery... they didn't help. I know, I've worked in this business for 32 years.
His regs choked off the IPO market... which is how newer, younger companies get access to capital markets.
And allowing the DOL to gain oversight over our industry... well, let's just say there's a reason his regs have been rolled back lol.
The average Joe has no idea as to the incompetancy of the Obama regime.
Ok. Lol. The economy was in an unprecedented free fall. There was no recovery when those regulations were put into place. You can’t say that recovery was hurt when at the time there was no recovery there was economic free fall. Besides I’m not siding with Obama’s economic policies.
Earlier you said Obama did nothing now you’re saying he did too much. I’m not going to debate you on his policies bc ultimately there is no right answer. McCain could have been elected and made things worse than Obama or maybe better. I don’t know; however, you’re contention that Obama did nothing is incorrect.
Please though in this respect be genuine and tell me what the republican plan was to thwart the free fall? Bush spent like the wind, government grew under him more than anytime in the last 50 years. Be thankful to gd that you have an economy to even conduct business in bc the USA was on the brink of a total financial collapse. Regulations, QE, spending all of it helped stabilize things so there would be an economy to recover. Again I’m not backing Obama’s policies but the republicans were doing the same shit, spending, TARP certainly with a rep President he wouldn’t stop QE. Regulations are no friend to the free market but sometimes they are needed to protect the free market. It all balanced out in the long run and now there is a president who has taken the shackles off.
Your view of things deals with one sector of the economy and is very narrowly focused. The street is not the US economy.