A few things:
Your facts are not accurate.
Comparing Keynsian spending to tax cuts is Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!).
We weren't in a recession in 85.
GDP isn't the only way to measure a recession.
I'm not 15 d-bag
Your psycho babble does nothing to dispell what a crappy job Obama and crew are doing with the economy. You don't actually think he's dping a good job do you?
what has all this spending gotten us?
Kept us from the joyous life that Ireland is suffering through right now. You know the country that was so sexy to Republicans in 2008 for its low corporate taxes and implemented severe austerity measures at the beginning of the global recession? Yep, its economy is still shrinking instead of growing, which means the austerity measures aren't really helping pay off the country's debt.
Please explain my psycho babble. You're right, you're not 15. Most teenagers can understand the concepts that I outlined above, and most can understand that those didn't just happen when Obama was elected, rather they are the process of systemic failures in both the government and private sector.
As for Obama's job approval, he's done some things well and some not so well. The difference is, I can differentiate between what it is he actually controls.
So what measure do you want to use to define a recession besides GDP, you know after you spent the better part of the afternoon deciding that you don't like using that since A. It shows the economy growing and B. GDP is going up with the help of private sector activity.
FACT: Govt spending as a percent of GDP is the highest ever (approx. 20% higher than in 1985)
FACT: This is the slowest job rebound after a recession EVER (if you consider its over) (source: the economist)
I understand your unwavering support for BObama, but there's no need to get in a hissy and start insulting. Making up facts (aka Lying) and comparing our economy to Ireland only hurts your case. The bird drinking water, could have and would have done a better job creating jobs and pulling the US out of the recession faster.
Thanks for the kinder-school lecture on how the government tries to help the economy when times are bad. I just find it EXTRAORDINARY and REMARKABLE for an administration to spend one thousand billion dollars on the economy and effectuate such a small impact. Hiring people at $12 an hour to burn the money may have been more efficient. Oh, and in case you didn't know, that money has to be paid back, which will harm the economy at said time (which I guess you people think is never).
But hey, the BObaba's own budget has the deficit increasing 2.5x through 2018, so I guess he doesn't expect times to get better while he's around (at least we'll still have that GDP number!!!). Then we can start making real comparisons, like comparing the US to countries like Greece and Spain.
JFC you're a glutton for punishment. Your first fact is actually false. TOTAL government spending accounts for about 45 percent of GDP currently, which is the point you were trying to make, which is asinine when referencing Obama's spending. The federal government's spending in relation to GDP is about 23 percent. Regardless, spending by all governments was about 55 percent of GDP during the Great Depression, so the government response has actually been less than that taken during the 1930s.
And again, slow job growth is to be expected due to the type of bubble that caused this recession. At it's peak, the construction industry from builders of skyscrapers to Home Depot employees employed about 20 percent of the workforce. This has also been one of the areas hardest hit by the recession and there's a huge glut of homes and commercial real estate available and it isn't selling. Obviously those construction jobs are going to be coming back any day now because obviously construction companies are going to keep building homes and office complexes for non-existant buyers.
Yes, the money borrowed will have to be paid back, just like Bush's tax cuts were actually tax deferments since the Republican Congress never actually cut spending. What's that? More than a third of the stimulus bill was tax cuts? Impossible, that's the only way to stimulate the economy.
Yes, $1 trillion sounds like a lot. Should have a huge impact right? Well, I'll be generous and use $1 trillion since it will help your argument. That's about 7 percent of GDP. Or less than 1 month's output by the U.S. And a good chunk of that hasn't even been spent and it was doled out too slowly to really make much of a difference. I don't know, maybe you bought a new house with the extra $4/week your tax cut got you.
