“There’s a lot of things wrong with the idea that Barack Obama dug us out,” Hume argued, saying that Obama should be held accountable for the sustained economic difficulties following the crash under former President George W. Bush:
The truth is, the worst of the recession was over by the time Barack Obama took office, the economy began to grow again in June of 2009 before the stimulus spending had really begun to take effect. So, these are arguments that are available to the Republicans. Oddly, though, we haven’t heard them made effectively.
And while it is true that the bleeding of jobs slowed slightly before the stimulus took hold, major improvements in the United States’ GDP didn’t come until one quarter after the stimulus had hit the economy. Overall, the stimulus created or saved 3.3 million jobs: