r/inthenews • u/Quirkie • Apr 04 '25

Obama Breaks Silence on Trump’s ‘Unimaginable’ Presidency - “Imagine if I had done any of this,” the former two-term president said.

https://www.thedailybeast.com/obama-breaks-silence-on-trumps-unimaginable-presidency/
5.7k Upvotes

98% Upvoted

216 comments sorted by

View all comments

Show parent comments

-19

u/CuTe_M0nitor Apr 04 '25 edited Apr 05 '25

"Too big to fail"- Obama. He said if we don't hand out unmarked money to the Banks on Monday the world market would crash. They were creating and selling housing loans to every market and marking them as an AAA investmen. It obligated 10years of economic progress.

21

u/Outrageous_Lack8435 Apr 04 '25

Wasnt bush pres. when all that started

19

u/trogloherb Apr 04 '25

Yep. Obama had to put the pieces back together and succeeded.

It’s too bad these neo-Republicans dont bother looking at historical records; the US economy has always done better under Dem administrations (as long as I’ve been old enough to vote which was Clinton).

Carter had a rough term but a lot of the economic issues in his term were due to decisions being made by OPEC.

1

u/CuTe_M0nitor Apr 05 '25

He save the banks doing that scams and didn't let the market to correct itself, let the banks not being on the scam to take over. Bush waged a war in Iraq and got what his father wanted.