1000 times yes. OBama had to stop us from sinking into a depression. Bush had to contend with 9/11. This president has a cakewalk, and he is even screwing that up with his brand of fictional narratives, divisive rhetoric, and running the office as if the US is his personal business for his and his buddies personal profits.
spoken like a true brainwashed liberal democrat
what part was brainwashing? that we were headed to a depression?
from Investopedia
In economics, a depression is commonly defined as an extreme recession that lasts three or more years or leads to a decline in real gross domestic product (GDP) of at least 10 percent.
A recession is a normal part of the business cycle that generally occurs when GDP contracts for at least two quarters.
GDP growth 2004 was 3.8
for 2005, it was 3.5
in 2006, it was 2.9
in 2007, it was 1.9
in 2008, it was NEGATIVE 0.1
in 2009, it NEGATIVE 2.5
https://www.thebalance.com/us-gdp-by-year-3305543,
FIVE YEARS OF CONTRACTING GDP LEADING TO A DECLINE IN GDP OF 6.3 percent,
...like I said, heading for depression
ANd of course, 9/11 happened in 2001, eight months into Bush presidency
so again I ask, what part is 'brainwashing'? Because all I posted was verifiable and re-searchable fact.
Part of the effort to prevent a depression was the result of the work the Federal Reserve did. Part of the effort was part of the Obama administration in that Obama had some very good people and he let them do their job. I doubt if the legislation Obama and the democrats pushed through helped much - it was more of an excuse to send taxpayer funds to selected groups of people.
Actually the financial crisis started around 2006 with a combination of government policy and greed and was based in the housing market. This resulted in too many over extended homeowners that were not able to weather the economic downturn of 2006 and 2007. Without the high demand, the value of housing fell and banks got stuck with foreclosed properties worth less than the mortgage. Then there were the investment vehicles that were based on the underlying mortgages that lost value. Many of those losses were covered by insurance until the insurance companies failed, then the financial system collapsed!