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Former American Express CEO Harvey Golub argues the President’s policies have failed to help the economy.
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Go to to -- the former American Express CEO -- you don't like we might just above Buffy do you -- hope that doesn't happen but.
What do you make of the business.
Argued it debt Austan Goolsbee raised look at -- -- who got the incomplete -- -- of -- one.
The American people understand our jobs our -- -- and done.
Give us a break.
This could be the convention has.
And has put -- holding.
On a fable that they're creating about smoke causes of the resources and what has happened since.
But the fact of the matter is the recession that ended.
And the recovery began in the second quarter of 2009.
According to the Federal Reserve.
-- by that point would Obama have been done nothing the economy had bottomed out and we're starting to get better.
So the idea that he pulled us back from the abyss is not -- -- aren't nonsense.
The recovery already start.
From that start -- today.
As of today according to the Federal Reserve.
This is the second worst recovery.
Since the end of World War II in in job growth and the wars in economic growth.
The the idea that we have that he saved us from Armageddon.
Is nonsense.
What he did was institute a whole series of policies.
That made this the worst recovery since the end of World War II.
All right -- when you're Bill Clinton say last night that no president.
Could have turned this around in four years any president.
What -- what -- you -- get a what -- -- -- would was -- was making an excuse for his his own failure.
Most of the of the of the -- of the housing crisis war a war created during Bill Clinton's administration.
When you required.
The Fannie Mae and Freddie Mac.
Two to make -- 50% of their loans to people below median incomes.
Parents who bank is to make a substantial portion of their loans to people below 80% out of of income.
And he ordered Fannie -- -- to buy those loans and securitize them that was the route of of the housing prices that was upgraded it and in Bill Clinton's administration.
George Bush to discredit unsuccessfully but whose credit tried to rein in Fannie and -- So the fact -- that wouldn't last night said nobody could've done it is simply providing an excuse to Obama for his failure.
