Obama prevented a depression.

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Obama prevented a depression.

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2012 Sep 13, 3:07am 39,907 views 69 comments

http://content.usatoday.com/communities/theoval/post/2011/11/obama-we-prevented-another-great-depression/1#.UFIRXI1mTyA

We were able to prevent America from going into a Great Depression," the president said last night during a fundraiser at a supporter's home in Washington. "We were able to, after a series of quarterly GDP reports that were the worst that we've seen since the Great Depression, reverse it and get the economy to grow again," Obama said. "We've seen 20 straight months of consecutive job growth." Republican presidential candidates note that unemployment has gone up under Obama and sits at 9%. Whoever wins the GOP presidential nomination will probably argue that Obama's spending programs and business regulations block...

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marcus 2012 Sep 21, 12:01am

dunnross says

However, the cost of new housing is much much lower than the price of a house. It takes 2 construction workers with a 5th grade education, 3 months to build an average house, for which a phd family works 30 years to pay it off. If you want to see what a fundamental cost of a house is, go to Detroit, where the median price of a house in the city is now $6,000. In 1982, the median was $47,000.

exaggerate much ?

dunnross 2012 Sep 21, 12:04am

One more thing. What do you think is a fundamental cost of printing a one hundred dollar bill? My guess it's probably less than one cent. Gold and Silver is currency. Gold and Silver is hoarded by most central banks as currency is proof that it's currency. Why hasn't the price of $100 bill dropped to its fundamental level of 1c, but you think the price of silver will?

dunnross 2012 Sep 21, 12:05am

marcus says