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<blockquote data-quote="bacha29" data-source="post: 3549161" data-attributes="member: 58386"><p>A !% growth in e GDP during the Obama years isn't bad compared to the recession he inherited. I've heard and read the comments of several economists who said that if the Obama administration in partnership with the Federal Reserve had not taken their extraordinary and risky steps the banks would have been nationalized and the unemployment rate would have been 25%. Not defending the Obama legacy but the facts are what they are. If the Atlanta Fed is correct in their forecast combined with the increase in government borrowing additional interest rate increases are a sure bet and that will slow down the economy in a hurry.</p></blockquote><p></p>
[QUOTE="bacha29, post: 3549161, member: 58386"] A !% growth in e GDP during the Obama years isn't bad compared to the recession he inherited. I've heard and read the comments of several economists who said that if the Obama administration in partnership with the Federal Reserve had not taken their extraordinary and risky steps the banks would have been nationalized and the unemployment rate would have been 25%. Not defending the Obama legacy but the facts are what they are. If the Atlanta Fed is correct in their forecast combined with the increase in government borrowing additional interest rate increases are a sure bet and that will slow down the economy in a hurry. [/QUOTE]
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