The problem I have is that these things would have happened had Obama done nothing. You can't lose jobs forever. Housing prices will find a point of equilibrium and banks will loan money. However, the democrats like to give Obama credit for what would be natural market results. What they ignore is the abnormally suppressed rebound of the market. Why has the recovery been so anemic? Although there is no way to prove it I suspect that the recovery would have been more rapid if Obama had done nothing. Historically the economy has rebounded more rapidly after a recession. Originally Posted by LazIt's hard to say what would've / wouldn't have happened without government intervention (in terms of the recovery). Since our economy is so tied to the global economy these days, the economic crisis in Europe, unrest in the Middle East, etc. (all things out of our control) have had a huge impact on our own recovery.
Most economists do agree though that if the government hadn't acted during the economic freefall we were in at the end of President Bush's term of office, we would've suffered a far worse recession than the one we're in now.