• NoneOfUrBusiness@fedia.io
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    15 days ago

    I mean Obama’s term had like a third of the great recession and the brunt of its effects. According to Wikipedia,

    While the recession technically lasted from December 2007 – June 2009 (the nominal GDP trough), many important economic variables did not regain pre-recession (November or Q4 2007) levels until 2011–2016. For example, real GDP fell $650 billion (4.3%) and did not recover its $15 trillion pre-recession level until Q3 2011.[95] Household net worth, which reflects the value of both stock markets and housing prices, fell $11.5 trillion (17.3%) and did not regain its pre-recession level of $66.4 trillion until Q3 2012.

    It’s a miracle he even kept the presidency in these conditions. See also: Biden’s unpopularity even though he was by all means a generally decent (if genocidal) president.