4 things that were supposed to happen if Obama reelected

[Luddly Neddite]

4 Things That Were Supposed To Happen By 2015 Because Obama Was Reelected

by Judd Legum Posted on January 1, 2015 at 9:43 am Updated: January 1, 2015 at 1:32 pm


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CREDIT: Shutterstock


It’s now 2015, nearly two years after Obama took the oath of office for the second time. A few years ago, prognosticators were very confident about what would happen to America by now because of Obama’s reelection. Let’s check in and see how their predictions turned out:


1. Gas was supposed to cost $5.45 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 $5.45 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.” Gingrich said he would reduce gas prices dramatically by reversing Obama’s energy policies. Gingrich flanked himself with campaign signs promising $2.50 gas if he was elected.



CREDIT: Youtube Screenshot

Today, the nationwide average for a gallon of gas is $2.24.
A lot of the reasons for the decline in gas prices are well beyond Obama’s control — including weak international demand and OPEC’s failure to reduce supply. But the policies that Lee, Gingrich and others criticized — the failure to approve the Keystone XL pipeline, more EPA regulation and limiting drilling on public land — have not gotten in the way of historically low prices.


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.


The unemployment rate currently stands at 5.8% and has been under 6% since September 2014. Since January 2013, the economy has created nearly 5 million new jobs.


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.”


On Bloomberg TV, investor Marc Faber predicted that, because of Obama’s reelection, the stock market would drop at least 20%. According to Faber, “Republicans understand the problem of excessive debt better than Mr. Obama who basically doesn’t care about piling up debt.” Faber joked that investors seeking to protect their assets should “buy themselves a machine gun.”


The Dow Jones Industrial Average currently stands at 17,823 and is up over 35% since Obama was reelected.


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.”


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.”


He did fudge, however, on the exact timing of the economic apocolypse. Limbaugh said it could take “a year and a half, two years, three years.” It’s been two years and two months since Limbaugh’s prediction, so he still technically has another 10 months to be proven right.


The U.S. economy grew at a robust 5% in the 3rd quarter of 2014, following 4.6% growth in the second quarter.

Pootarian RW traitors are angry that their own country is coming back from the Bush debacle.

Thank you, Mr. President.

 

[Syriusly]

4 Things That Were Supposed To Happen By 2015 Because Obama Was Reelected

by Judd Legum Posted on January 1, 2015 at 9:43 am Updated: January 1, 2015 at 1:32 pm


48,346Share This 2,338Tweet This

"4 Things That Were Supposed To Happen By 2015 Because Obama Was Reelected"


Share:



CREDIT: Shutterstock


It’s now 2015, nearly two years after Obama took the oath of office for the second time. A few years ago, prognosticators were very confident about what would happen to America by now because of Obama’s reelection. Let’s check in and see how their predictions turned out:


1. Gas was supposed to cost $5.45 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 $5.45 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.” Gingrich said he would reduce gas prices dramatically by reversing Obama’s energy policies. Gingrich flanked himself with campaign signs promising $2.50 gas if he was elected.



CREDIT: Youtube Screenshot

Today, the nationwide average for a gallon of gas is $2.24.
A lot of the reasons for the decline in gas prices are well beyond Obama’s control — including weak international demand and OPEC’s failure to reduce supply. But the policies that Lee, Gingrich and others criticized — the failure to approve the Keystone XL pipeline, more EPA regulation and limiting drilling on public land — have not gotten in the way of historically low prices.


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.


The unemployment rate currently stands at 5.8% and has been under 6% since September 2014. Since January 2013, the economy has created nearly 5 million new jobs.


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.”


On Bloomberg TV, investor Marc Faber predicted that, because of Obama’s reelection, the stock market would drop at least 20%. According to Faber, “Republicans understand the problem of excessive debt better than Mr. Obama who basically doesn’t care about piling up debt.” Faber joked that investors seeking to protect their assets should “buy themselves a machine gun.”


The Dow Jones Industrial Average currently stands at 17,823 and is up over 35% since Obama was reelected.


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.”


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.”


He did fudge, however, on the exact timing of the economic apocolypse. Limbaugh said it could take “a year and a half, two years, three years.” It’s been two years and two months since Limbaugh’s prediction, so he still technically has another 10 months to be proven right.


The U.S. economy grew at a robust 5% in the 3rd quarter of 2014, following 4.6% growth in the second quarter.

Pootarian RW traitors are angry that their own country is coming back from the Bush debacle.

Thank you, Mr. President.

The Rush Limbaugh one is really precious

 

[whitehall]

Who the hell is "Judd Legum"?

 

[Nutz]

Regretfully, hate politics and scare tactics are evident in both parties during election time. Republicans thought that hate politics, hypocrisy and hyperbole were the answer to fighting liberalism. True Conservatives can thank the Tea Party for 8 years of Obama.

 

[The Rabbi]

His term isnt over yet. A little early to be crowing, I'd say.

 

[Luddly Neddite]

This is also really funny.

Except, of course, the gullible nutters actually believe this shit.

 

[The Rabbi]

Thjis is also really funny.

Except, of course, the gullible nutters actually believe this shit.

Remind me wh

Thjis is also really funny.

Except, of course, the gullible nutters actually believe this shit.

Remind me why anyone should take Chuck Norris seriously.
Dems are hardly immune to silly talk.
Commentary Democrats spoke of secession in 2004 after Bush was re-elected - Texas on the Potomac

 

[Remodeling Maidiac]

And the number one thing liberals across the nation predicted is......

Republicans are dying & will never win elections again.

That just shows how shortsighted & narrow minded many on the left are.

Tunnel visionnnnnnnnn

 

[Yurt]

i remember liberals crying that bush would declare martial law and remain in office

 

[Nutz]

Thjis is also really funny.

Except, of course, the gullible nutters actually believe this shit.

Remind me wh

Thjis is also really funny.

Except, of course, the gullible nutters actually believe this shit.

Remind me why anyone should take Chuck Norris seriously.
Dems are hardly immune to silly talk.
Commentary Democrats spoke of secession in 2004 after Bush was re-elected - Texas on the Potomac

Fuck you, Chuck Norris is the man.

 

[Nutz]

i remember liberals crying that bush would declare martial law and remain in office

Remember this?
Sorry Everybody Page 5 US Message Board - Political Discussion Forum

 

[Nutz]

And the number one thing liberals across the nation predicted is......

Republicans are dying & will never win elections again.

That just shows how shortsighted & narrow minded many on the left are.

Tunnel visionnnnnnnnn

Convict says what???

 

[Siete]

Thjis is also really funny.

Except, of course, the gullible nutters actually believe this shit.

only 4 ? ... lol


Chuckie must be standing on a box or they finally found a woman shorter than him ...