Is the US economy stronger or weaker than it was in 2008? Include facts in your

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  1. breathe2travel profile image80
    breathe2travelposted 6 years ago

    Is the US economy stronger or weaker than it was in 2008? Include facts in your answer, please.

  2. Josak profile image60
    Josakposted 6 years ago

    Do you mean since 2009 when Obama took power?

    It's stronger: GDP is up from negative growth to 2.35% which is higher than it was before the crash when the bubble growth is removed.

    Wall street is seeing record yearly profits.

    The housing market has risen in value and is in strong recovery.

    Despite all this spending including inflation is down 2.6%.

  3. profile image0
    Larry Wallposted 6 years ago

    The downturn started in 2008. Remember, John McCain suspended his presidential campaign so he could attend sessions of congress to try and work out some type of bailout.

    The economy is better. The Dow is near is near the point where it was before the bottom fell out. The S&P hit a five year high. Interest rates are still low. Some of the banks that were loaned money have repaid. General motors is still making cars, creating jobs for Americans. A health care act was enacted. Remember Bill Clinton could not pass health reform. Is everything perfect, absolutely not. Could it be a lot worse, yes it could.

    We are still drilling for oil and this is still a good place to live.

  4. lone77star profile image84
    lone77starposted 6 years ago

    Any indications of strength are an illusion.

    With $16+ Trillion in national debt and accelerating, the extra dollars (debt) created by the private Fed bank only masks the very real danger that the Bubble will Pop!

    Obama = Romney = Bush = Corporate Party on every major thing that affects the survival of America, including the economy. When that balloon pops, Earth will be toast and America will be ground zero -- not only because America is currently the strongest economy, but also because the dollar is the reserve currency of the planet.

 
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