AND NOTHING has happened during Obama's 6 years EQUAL to these EVENTS!! NOTHING!!!!
Recession
1) Are you aware that a recession started under Clinton and became official 3/01 ended 11/01?
Source: USATODAY.com - It s official 2001 recession only lasted eight months
A Major $5 trillion market loss
2) Are you aware that the dot.com bust occurred and cost $5 trillion in losses?
According to the Los Angeles Times, when the dot-com bubble burst, it wiped out $5 trillion dollars in market value for tech companies. More than half of the Internet companies created since 1995 were gone by 2004 - and hundreds of thousands of skilled technology workers were out of jobs.
Source: The dot-com bubble How to lose 5 trillion Anderson Cooper 360 - CNN.com Blogs
The worst attacks on the USA in History.. 3,000 deaths!!!
3)Obviously most of you are UNAWARE 9/11 cost 3,000 lives, $2 trillion in lost businesses,market values assets.
Jobs lost in New York owing to the attacks: 146,100 JUST in New York.
Year 2001: September 11 Terrorist Attacks
The 9/11 terrorist attacks were the events that helped shape other financial events of the decade. After that terrible day in September 2001, our economic climate was never to be the same again. It was only the third time in history that the New York Stock Exchange was shut down for a period of time. In this case, it was closed from September 10 - 17. Besides the tragic human loss of that day, the economic loss cannot even be estimated. Some estimate that there was over $60 billion in insurance losses alone. Airlines didn't fly for 3 days!
Approximately 18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source: The Top 10 Financial Events of the Decade
Anthrax Attacks...
The 2001 anthrax attacks in the United States, also known as Amerithrax from its Federal Bureau of Investigation (FBI) case name, occurred over the course of several weeks beginning on Tuesday, September 18, 2001, one week after the September 11 attacks. Letters containing anthrax spores were mailed to several news media offices and two DemocraticU.S. Senators, killing five people and infecting 17 others.
4) $1 trillion in losses due to the WORST Hurricane SEASONS in history.
The worst, Katrina made landfall in Louisiana as a Category 3 in 2005. It took 1,836 lives and caused $81.2 billion in damages. It quickly became the biggest natural disaster in U.S. history, almost destroying New Orleans due to severe flooding.
Rank Disaster Year Deaths Damage* $250 Billion in damages in the 8 disasters of the top 15 disasters in history!
1. Hurricane Katrina (LA/MS/AL/FL) 2005 1833 $133,800,000,000
6. Hurricane Ike (TX/LA/MS) 2008 112 $27,000,000,000
7. Hurricane Wilma (FL) 2005 35 $17,100,000,000
8. Hurricane Rita (TX/LA) 2005 119 $17,100,000,000
9. Hurricane Charley (FL) 2004 35 $16,500,000,000
12. Midwest Floods 2008 24 $15,000,000,000
13. Hurricane Ivan (FL/AL) 2004 57 $13,000,000,000
14. 30-State Drought 2002 0 $11,400,000,000
Costliest U.S. Weather Disasters Weather Underground
THESE events OCCURRED!
YET in SPITE of
a) 400,000 jobs due to Hurricanes Katrina/Rita ,
b) 2,800,000 jobs in alone due to 9/11,
c) 300,000 jobs lost due to dot.com busts...
In spite of nearly $8 trillion in lost businesses, market values, destroyed property.. IN SPITE of that:
AFTER the tax cuts Federal Tax REVENUES Increased an average of 9.78% per year!!!
Government Revenue Details Federal State Local for 2008 - Charts
And as far as spending like a drunken sailor....???
2000 $236.2 billion surplus
2001 $128.2 billion surplus
2002 $157.8 billion deficit.. also 9/11 occurred and tax revenues lowered for years later
2003 $377.6 billion deficit.. BRAND new cabinet Homeland Security, plus loans made to businesses.. again tax revenues down..affect of 9/11
2004 $412.7 billion deficit.. Revenues up by 5.5% spending increased and economy getting back.
2005 $318.3 billion deficit.. revenues up by 14.5% deficit decreasing at rate of 22%
2006 $248.2 billion deficit.. revenues up by 11.7% deficit decrease 22%
2007 $160.7 billion deficit.. revenues up by 6.7% deficit decrease 35%
2008 $458.6 billion deficit.. revenues down and deficit INCREASED TARP loan mostly...
Historical Federal Receipt and Outlay Summary
And for what you really ignorant LIPs totally seem to be unaware of TARP turning a profit???
Bailout Scorecard Eye on the Bailout ProPublica
TARP made a $55.1 Billion profit!
View attachment 40915
Not sure what your rant is for or what you're trying to say within the context of my response. If you read what I responded to, my point was simple.
You are defending Obama. That's the simple point.
And I'm with a lot of supporting documents have proven Obama even without the events Bush had to contend with is destroying our economy.
NO PRESIDENT EVER EVER SAID THESE Words except OBAMA!
-- "I prefer destroying 1,400 companies,putting 400,000 people out of work and reducing tax revenue by $100 billion a year. " which is what he means when he says he prefers a single payer health system.
-- "I prefer higher gas prices".
-- "If a utility wants to build coal burning it bankrupt them!"
-- "Under my plan of a cap and trade system, electricity rates would necessarily skyrocket"
My president would NEVER attack the military by accusing them of "air-raiding villages, killing civilians".
I also want a president who doesn't tell people...
“I think I could probably do every job on the campaign better than the people I’ll hire to do it,”
“It’s hard to give up control when that’s all I’ve known.”
“I think I’m a better speechwriter than my speechwriters,”
I know more about policies on any particular issue than my policy directors. And I’ll tell you right now that I’m gonna think I’m a better political director than my political director.”
My president is not a wanna-be Messiah who pronounces:
""This was the moment when the rise of the oceans began to slow and our planet began to heal."
Finally my president will not depend on the "stupidity of American voter" to get elected by:
"It was usually an effective tactic, another one of those tricks I had learned.
People were satisfied so long as you were courteous and smiled and made no sudden moves.
They were more than satisfied. They were revealed. Such a pleasant surprise to find a well-mannered
young black man who didn't seem angry all the time."
He fooled the people that make up what Gruber called "Stupidity of American Voter" Americans!
Ok. Now I'll go back to my post.
Corporate profits have nearly tripled under this president while taxes have dropped. The market is at an all-time high. Where is the evidence of his hostility toward business?
NONE OF THIS IS DUE TO OBAMA'S EFFORTS!
This President has done the following:
Obama IS LEADING the country with more rules and regulations then any other President in history and
this adds up to an annual total waste of $1,863,000,000,000! That's 1.8 Trillion dollars WASTED!
Data collected by researchers at George Mason University’s Mercatus Center shows that the Code of Federal Regulations, where all rules and regulations are detailed, has ballooned from 71,224 pages in 1975 to 174,545 pages last year.
More “major rules,” those with an annual economic impact exceeding $100 million, were enacted in 2010 than in any year dating back to at least 1997, according to the CRS.
And over Obama’s first three years in office, the Code of Federal Regulations increased by 7.4 percent, according to data compiled by the Chamber of Commerce.
In comparison, the regulatory code grew by 4.4 percent during Bush’s first term.
So out of complete business ignorance Obama rules and regulations growing 7% versus Bush 4%
WHICH do you think is more conducive to business growth???
1)told Brazil to develop oil and that the USA will be their best customer?
2) Encourage foreign drilling OFF Florida by Cuba
3) Encourage Canada to sell almost 1 million barrels per day to China?
4) In 3 years new leases under Obama 5,568 new leases..
Under Bush.. from 2006 to 2008 15,095 new leases!
NEARLY 3 times the new Federal Leases under Bush then Obama !
Number of New Oil Wells and New Leases Have Decreased Under Obama Data from BLM Show
In summary in case you can't read clearly:
Obama has stifled growth by having 7% more rules and regulations.
Obama stifled growth by signing 1/3 of the Federal oil leases which would added to production.
Obama has promoted the destruction of 1,400 companies that pay $100 billion/yr taxes employing 400,000!
Obama WANTs higher gas prices and favors utilities going bankrupt.
Obama has destroyed the coal industry...
“It isn’t coming back. It’s permanent,” Murray said at a coal marketing conference in Pittsburgh, repeatedly using the word “destroyed” to describe the state of the industry, according to
SNL Energy. “That’s what we see and that’s what we do our planning on. And remember, I have to make a payroll based on what we project.”
What Murray projects is an eventual decrease in U.S. coal generation from its current rate of 39 percent to between 30 and 34 percent, according to SNL’s
report. That means 230 million tons of coal-fired generation lost by 2020, Murray said, and anyone who believes the industry will bounce back is either bad at business or “smoking dope.”
Murray CEO Says EPA Has Permanently Destroyed Coal Grandma Is Going To Be Cold ThinkProgress
As a result GDP growth for 2015:
The Gross Domestic Product (GDP) in the United States expanded at a seasonally adjusted annual rate of 0.2 percent in the first quarter of 2015 over the previous quarter, according to the advance estimate.
GDP Growth Rate in the United States averaged 3.27 Percent from 1947 until 2014,
United States GDP Growth Rate 1947-2015 Data Chart Calendar
Obama has been president in a declining GDP. Reality!