• NoneOfUrBusiness@fedia.io
    link
    fedilink
    arrow-up
    1
    ·
    10 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.

    • BarqsHasBite@lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      ·
      edit-2
      10 days ago

      He won in the middle of it. But anyway, the point was that he delivered left policy. If the demand was so great, if it’s this thing you see on lemmy “if they just went left it would be landslide victory after landslide victory” then that should have given him at least some victories in the next 6 years. But it didn’t. The left never shows up.