4 Things That Were Supposed To Happen By 2016 Because Obama Was Reelected

[Syriusly]

1. Gas was supposed to cost $6.05 per gallon.
In March 2012, on the floor of the United States Senate, Mike Lee (R-UT) predicted that if Obama was reelected gas would cost $6.05 per gallon by the start 2015. Lee said that gas prices would rise 5 cents for every month Obama was in office, ultimately reaching $6.60 per gallon.

Lee was not alone. Newt Gingrich, running for the GOP nomination, predicted that if Obama was reelected he would push gas to “$10 a gallon.”

2. Unemployment was supposed to be stuck at over 8%
In September 2012, Mitt Romney predicted that if Obama is reelected “you’re going to see chronic high unemployment continue four years or longer.” At the time, the unemployment rate was 8.1%and had been between 8.1% and 8.3% for the entire year.

What would breaking out of “chronic high unemployment” look like in a Romney presidency? Romney pledged that, if elected, he could bring the unemployment rate down to 6% by January 2017.

3. The stock market was supposed to crash
Immediately after Obama won reelection in November 2012, many commenters predicted that the stock market was toast.

Charles Bilderman, the author of the “Intelligent Investing” column at Forbes, wrote that the “market selloff after Obama’s re-election [was] no accident,” predicting “stocks are dropping with no bottom in sight.” Bilderman said that the policies the Obama administration would pursue in his second term would “crash stocks.”

Donald J. Trump

✔@realDonaldTrump
The stock market and US dollar are both plunging today. Welcome to @BarackObama’s second term.

On Bloomberg TV, investor Marc Faber predicted that, because of Obama’s reelection, the stock market would drop at least 20%.

4. The entire U.S. economy was supposed to collapse
Rush Limbaugh predicted that “the country’s economy is going to collapse if Obama is re-elected.” Limbaugh was confident in his prediction: “There’s no if about this. And it’s gonna be ugly. It’s gonna be gut wrenching, but it will happen.”

CREDIT: RUSHLIMBAUGH.COM

The economic freefall would begin, according to Limbaugh, because “California is going to declare bankruptcy” and Obama would force states like Texas to “bail them out.” California currently has a $4 billion budget surplus.

Limbaugh added, “I know mathematics, and I know economics. I know history. I know socialism, statism, Marxism, I know where it goes. I know what happens at the end of it.”

Limbaugh said the economic apocalypse could take “a year and a half, two years, three years.” It’s been three years and two months since Limbaugh’s prediction.

4 Things That Were Supposed To Happen By 2016 Because Obama Was Reelected

You forgot that all of the guns were supposed to be seized, and the gun owners put into those FEMA camps Obama was setting up for political prisoners.......

 

[candycorn]

yeah, my portfolio trembled to a 21% increase in 2015.

~ snark

the market was "flat" for 2015.

Pfft...you've got to be kidding me.

The "market" is made up of thousands of stocks. The Flatness reflects the valuations of 30 stocks that make up the Dow Jones Industrial Average.... While thought to be bellweather stocks, they no more have an impact on the what the other thousands of stocks do than whether or not your daughter colors outside of the lines in her coloring book.

 

[edthecynic]

Happen By 2016

2016 isn't over, it's just began.

Yet another stupid Wing-nut who can't read!

Well guess what skippy, reputable financial advisors have been telling people to get out of the markets for months now, citing the same type volatility that proceeded the last crash. The fed pumping billions in liquidity into the markets is the only thing that has delayed it, and that won't last.

The Right have been predicting a stock market crash for the last 6 years. Once a Republican is elected their wished for prediction will finally come true.

December 3, 2009
RUSH: Yeah, that was then.

CALLER: That was then.

RUSH: Now "enlightened investor" means something entirely different. (laughing) An "enlightened investor" today is selling short.

 

[boedicca]

I'm still waiting for all of the Racial Healing, International Respect, and Honesty-Ethics-Transparency that he promised.

Just sayin'.

So is the 90+ million out of the work force

Waiting for silly asses like you to stop lying. You are simply counting everyone above the age of 16 that does not have a full time job as unemployed. That would include high school and college students, stay at home mothers, retired and disabled people. Stunningly dishonest of you.

Reading comprehension is clearly above your pay grade, bub. She said "Out Of The Work Force", not unemployed.

 

[rightwinger]

1. Gas was supposed to cost $6.05 per gallon.
In March 2012, on the floor of the United States Senate, Mike Lee (R-UT) predicted that if Obama was reelected gas would cost $6.05 per gallon by the start 2015. Lee said that gas prices would rise 5 cents for every month Obama was in office, ultimately reaching $6.60 per gallon.

Lee was not alone. Newt Gingrich, running for the GOP nomination, predicted that if Obama was reelected he would push gas to “$10 a gallon.”

2. Unemployment was supposed to be stuck at over 8%
In September 2012, Mitt Romney predicted that if Obama is reelected “you’re going to see chronic high unemployment continue four years or longer.” At the time, the unemployment rate was 8.1%and had been between 8.1% and 8.3% for the entire year.

What would breaking out of “chronic high unemployment” look like in a Romney presidency? Romney pledged that, if elected, he could bring the unemployment rate down to 6% by January 2017.

3. The stock market was supposed to crash
Immediately after Obama won reelection in November 2012, many commenters predicted that the stock market was toast.

Charles Bilderman, the author of the “Intelligent Investing” column at Forbes, wrote that the “market selloff after Obama’s re-election [was] no accident,” predicting “stocks are dropping with no bottom in sight.” Bilderman said that the policies the Obama administration would pursue in his second term would “crash stocks.”

Donald J. Trump

✔@realDonaldTrump
The stock market and US dollar are both plunging today. Welcome to @BarackObama’s second term.

On Bloomberg TV, investor Marc Faber predicted that, because of Obama’s reelection, the stock market would drop at least 20%.

4. The entire U.S. economy was supposed to collapse
Rush Limbaugh predicted that “the country’s economy is going to collapse if Obama is re-elected.” Limbaugh was confident in his prediction: “There’s no if about this. And it’s gonna be ugly. It’s gonna be gut wrenching, but it will happen.”

CREDIT: RUSHLIMBAUGH.COM

The economic freefall would begin, according to Limbaugh, because “California is going to declare bankruptcy” and Obama would force states like Texas to “bail them out.” California currently has a $4 billion budget surplus.

Limbaugh added, “I know mathematics, and I know economics. I know history. I know socialism, statism, Marxism, I know where it goes. I know what happens at the end of it.”

Limbaugh said the economic apocalypse could take “a year and a half, two years, three years.” It’s been three years and two months since Limbaugh’s prediction.

4 Things That Were Supposed To Happen By 2016 Because Obama Was Reelected

Things don't happen overnight. Obama is like rust on an old Ford truck. Or like a cancer.

Very true....I am looking forward to that $1 Obamagas

 

[OKTexas]

Happen By 2016

2016 isn't over, it's just began.

Yet another stupid Wing-nut who can't read!

Well guess what skippy, reputable financial advisors have been telling people to get out of the markets for months now, citing the same type volatility that proceeded the last crash. The fed pumping billions in liquidity into the markets is the only thing that has delayed it, and that won't last.

The Right have been predicting a stock market crash for the last 6 years. Once a Republican is elected their wished for prediction will finally come true.

December 3, 2009
RUSH: Yeah, that was then.

CALLER: That was then.

RUSH: Now "enlightened investor" means something entirely different. (laughing) An "enlightened investor" today is selling short.

Why do you keep going back to politicians and pundits, I'm talking about financial advisors from both parties are saying to get out of the market based on current volatility.

 

[Stephanie]

The market does a lot of trembling on a daily basis before it closes at yet another record high.

Perhaps you haven't noticed 2015 was flat?

Bush's entire presidency was flat, dumbass.

Why don't you go bother someone that buys into your lunacy, fag?

Ad hominem...I win.
Why don't you explain to me how Long Island and NYC is exploding with Luxury Property construction despite your bellyaching that the economy sucks because of Obama?

I wasn't talking to you...you win nothing with the exception of the Dumbass Response of the Day

 

[Stephanie]

I'm still waiting for all of the Racial Healing, International Respect, and Honesty-Ethics-Transparency that he promised.

Just sayin'.

aint happening. if anything they plan on making our lives even miserable with his last year. all those other silly things the op posted is a big whoop. they can bow to him if they want. Obots are strange creatures.

 

[edthecynic]

Happen By 2016

2016 isn't over, it's just began.

Yet another stupid Wing-nut who can't read!

Well guess what skippy, reputable financial advisors have been telling people to get out of the markets for months now, citing the same type volatility that proceeded the last crash. The fed pumping billions in liquidity into the markets is the only thing that has delayed it, and that won't last.

The Right have been predicting a stock market crash for the last 6 years. Once a Republican is elected their wished for prediction will finally come true.

December 3, 2009
RUSH: Yeah, that was then.

CALLER: That was then.

RUSH: Now "enlightened investor" means something entirely different. (laughing) An "enlightened investor" today is selling short.

Why do you keep going back to politicians and pundits, I'm talking about financial advisors from both parties are saying to get out of the market based on current volatility.

They are worried a Republican will be elected!

 

[Wyatt earp]

Happen By 2016

2016 isn't over, it's just began.

Yet another stupid Wing-nut who can't read!

Well guess what skippy, reputable financial advisors have been telling people to get out of the markets for months now, citing the same type volatility that proceeded the last crash. The fed pumping billions in liquidity into the markets is the only thing that has delayed it, and that won't last.

The Right have been predicting a stock market crash for the last 6 years. Once a Republican is elected their wished for prediction will finally come true.

December 3, 2009
RUSH: Yeah, that was then.

CALLER: That was then.

RUSH: Now "enlightened investor" means something entirely different. (laughing) An "enlightened investor" today is selling short.

What is up with your unheathly obsession with Rush anyways?


It's like no matter the post you have to quote him. Seek professional help please





.

 

[Flopper]

Not to mention unemployment is over 8%

Or do you actually believe the U2 numbers as much as they've been corrupted to paint as rosy a picture as possible?

U6 is a far better judge.

U6 numbers are used by those that oppose the administration. U2 numbers by those who support it. However, U2 is the mostly cited measure of unemployment by economist and financial writers. It doesn't matter which measure you use as long as you're consistent.

U6 which includes unemployment for almost any reason is always much larger than U2 and thus more dramatic. U6 is currently 9.9% down from it's high of 17.4% in Oct. 2009 and is approximately where it was when Obama took office.

http://www.ritholtz.com/blog/wp-content/uploads/2012/11/attachment.png

 

[OKTexas]

Happen By 2016

2016 isn't over, it's just began.

Yet another stupid Wing-nut who can't read!

Well guess what skippy, reputable financial advisors have been telling people to get out of the markets for months now, citing the same type volatility that proceeded the last crash. The fed pumping billions in liquidity into the markets is the only thing that has delayed it, and that won't last.

The Right have been predicting a stock market crash for the last 6 years. Once a Republican is elected their wished for prediction will finally come true.

December 3, 2009
RUSH: Yeah, that was then.

CALLER: That was then.

RUSH: Now "enlightened investor" means something entirely different. (laughing) An "enlightened investor" today is selling short.

Why do you keep going back to politicians and pundits, I'm talking about financial advisors from both parties are saying to get out of the market based on current volatility.

They are worried a Republican will be elected!

Actually no, they know that the market has been artificially propped up and it won't be able to sustain itself. They're looking for a crash long before the election, the ones willing to commit are saying late Mar or early Apr. If they're right the regressives can kiss it good bye.

 

[edthecynic]

Happen By 2016

2016 isn't over, it's just began.

Yet another stupid Wing-nut who can't read!

Well guess what skippy, reputable financial advisors have been telling people to get out of the markets for months now, citing the same type volatility that proceeded the last crash. The fed pumping billions in liquidity into the markets is the only thing that has delayed it, and that won't last.

The Right have been predicting a stock market crash for the last 6 years. Once a Republican is elected their wished for prediction will finally come true.

December 3, 2009
RUSH: Yeah, that was then.

CALLER: That was then.

RUSH: Now "enlightened investor" means something entirely different. (laughing) An "enlightened investor" today is selling short.

What is up with your unheathly obsession with Rush anyways?
It's like no matter the post you have to quote him. Seek professional help please.

It kills you dumb DittoTards to have to eat your MessiahRushie's words!

 

[Flopper]

1. Gas was supposed to cost $6.05 per gallon.
In March 2012, on the floor of the United States Senate, Mike Lee (R-UT) predicted that if Obama was reelected gas would cost $6.05 per gallon by the start 2015. Lee said that gas prices would rise 5 cents for every month Obama was in office, ultimately reaching $6.60 per gallon.

Lee was not alone. Newt Gingrich, running for the GOP nomination, predicted that if Obama was reelected he would push gas to “$10 a gallon.”

2. Unemployment was supposed to be stuck at over 8%
In September 2012, Mitt Romney predicted that if Obama is reelected “you’re going to see chronic high unemployment continue four years or longer.” At the time, the unemployment rate was 8.1%and had been between 8.1% and 8.3% for the entire year.

What would breaking out of “chronic high unemployment” look like in a Romney presidency? Romney pledged that, if elected, he could bring the unemployment rate down to 6% by January 2017.

3. The stock market was supposed to crash
Immediately after Obama won reelection in November 2012, many commenters predicted that the stock market was toast.

Charles Bilderman, the author of the “Intelligent Investing” column at Forbes, wrote that the “market selloff after Obama’s re-election [was] no accident,” predicting “stocks are dropping with no bottom in sight.” Bilderman said that the policies the Obama administration would pursue in his second term would “crash stocks.”

Donald J. Trump

✔@realDonaldTrump
The stock market and US dollar are both plunging today. Welcome to @BarackObama’s second term.

On Bloomberg TV, investor Marc Faber predicted that, because of Obama’s reelection, the stock market would drop at least 20%.

4. The entire U.S. economy was supposed to collapse
Rush Limbaugh predicted that “the country’s economy is going to collapse if Obama is re-elected.” Limbaugh was confident in his prediction: “There’s no if about this. And it’s gonna be ugly. It’s gonna be gut wrenching, but it will happen.”

CREDIT: RUSHLIMBAUGH.COM

The economic freefall would begin, according to Limbaugh, because “California is going to declare bankruptcy” and Obama would force states like Texas to “bail them out.” California currently has a $4 billion budget surplus.

Limbaugh added, “I know mathematics, and I know economics. I know history. I know socialism, statism, Marxism, I know where it goes. I know what happens at the end of it.”

Limbaugh said the economic apocalypse could take “a year and a half, two years, three years.” It’s been three years and two months since Limbaugh’s prediction.

4 Things That Were Supposed To Happen By 2016 Because Obama Was Reelected

Yes, and the American healthcare system was suppose to collapse and the country would be in bankruptcy. Today unemployment is 5% versus 7% when Obama entered office. The deficit today is no higher than when he became president and is down a trillion dollars from it's peak in 2009.

Well...the American healthcare system doesn't look too good. And the deficit in 2015 looks to be about 800 billion or so. A bit under Bush's last budget, but when you're going to add 9 trillion to the debt during your watch, is this all that good? Oh and the peak in 2009? Who signed that budget?

The budget deficit for 2015 is expected to drop to roughly $425 billion, not 800 billion according to a report released by the nonpartisan Congressional Budget Office (CBO).

CBO lowers deficit projection for 2015

 

[edthecynic]

U6 is currently 9.9% down from it's high of 17.4% in Oct. 2009 and is approximately where it was when Obama took office.

Actually it was 14.2% and SKYROCKETING when Obama was sworn in.

 

[Hossfly]

Not to mention unemployment is over 8%

Or do you actually believe the U2 numbers as much as they've been corrupted to paint as rosy a picture as possible?

U6 is a far better judge.

U6 numbers are used by those that oppose the administration. U2 numbers by those who support it. However, U2 is the mostly cited measure of unemployment by economist and financial writers. It doesn't matter which measure you use as long as you're consistent.

U6 which includes unemployment for almost any reason is always much larger than U2 and thus more dramatic. U6 is currently 9.9% down from it's high of 17.4% in Oct. 2009 and is approximately where it was when Obama took office.

http://www.ritholtz.com/blog/wp-content/uploads/2012/11/attachment.png

All those U charts, graphs and statistics are a joke. The best indicator of unemployment is the WE factor. WE: If they ain't Workin', they ain't Eatin'. See how simple that is?

 

[AceRothstein]

Not to mention unemployment is over 8%

Or do you actually believe the U2 numbers as much as they've been corrupted to paint as rosy a picture as possible?

U6 is a far better judge.

U6 numbers are used by those that oppose the administration. U2 numbers by those who support it. However, U2 is the mostly cited measure of unemployment by economist and financial writers. It doesn't matter which measure you use as long as you're consistent.

U6 which includes unemployment for almost any reason is always much larger than U2 and thus more dramatic. U6 is currently 9.9% down from it's high of 17.4% in Oct. 2009 and is approximately where it was when Obama took office.

http://www.ritholtz.com/blog/wp-content/uploads/2012/11/attachment.png

All those U charts, graphs and statistics are a joke. The best indicator of unemployment is the WE factor. WE: If they ain't Workin', they ain't Eatin'. See how simple that is?

If that's the case, I don't known anyone who has been unemployed for around 4 years. Guess unemployment is 0% by your method.

 

[AceRothstein]

I'm still waiting for all of the Racial Healing, International Respect, and Honesty-Ethics-Transparency that he promised.

Just sayin'.

So is the 90+ million out of the work force

Waiting for silly asses like you to stop lying. You are simply counting everyone above the age of 16 that does not have a full time job as unemployed. That would include high school and college students, stay at home mothers, retired and disabled people. Stunningly dishonest of you.

Reading comprehension is clearly above your pay grade, bub. She said "Out Of The Work Force", not unemployed.

Why even bring that number up? It is basically useless and there's a reason nobody ever brought it up until unemployment started going down a few years ago. It is an intellectually dishonest way to criticize Obama.

 

[Hossfly]

Not to mention unemployment is over 8%

Or do you actually believe the U2 numbers as much as they've been corrupted to paint as rosy a picture as possible?

U6 is a far better judge.

U6 numbers are used by those that oppose the administration. U2 numbers by those who support it. However, U2 is the mostly cited measure of unemployment by economist and financial writers. It doesn't matter which measure you use as long as you're consistent.

U6 which includes unemployment for almost any reason is always much larger than U2 and thus more dramatic. U6 is currently 9.9% down from it's high of 17.4% in Oct. 2009 and is approximately where it was when Obama took office.

http://www.ritholtz.com/blog/wp-content/uploads/2012/11/attachment.png

All those U charts, graphs and statistics are a joke. The best indicator of unemployment is the WE factor. WE: If they ain't Workin', they ain't Eatin'. See how simple that is?

If that's the case, I don't known anyone who has been unemployed for around 4 years. Guess unemployment is 0% by your method.

Oh no! Real unemployment is around 17%. How the Libs whittled it down to 5% is a mystery.

 

[boedicca]

I'm still waiting for all of the Racial Healing, International Respect, and Honesty-Ethics-Transparency that he promised.

Just sayin'.

So is the 90+ million out of the work force

Waiting for silly asses like you to stop lying. You are simply counting everyone above the age of 16 that does not have a full time job as unemployed. That would include high school and college students, stay at home mothers, retired and disabled people. Stunningly dishonest of you.

Reading comprehension is clearly above your pay grade, bub. She said "Out Of The Work Force", not unemployed.

Why even bring that number up? It is basically useless and there's a reason nobody ever brought it up until unemployment started going down a few years ago. It is an intellectually dishonest way to criticize Obama.

B'loney. The Labor Force Participation Rate has CRATERED during the Obama era. It is a perfectly valid criticism to point this out, and to question how how longer Big Government can continue to teeter on the brink as the ratio of Payers to Parasites collapses.