Ignore the Haters: Obama Helped Save the U.S. Economy

[Science*Good]

Obama s Economic Record Is Strong Even Though Wages Are Stagnant New Republic


I call him Superman, seems many who know what they are talking about, agree.


Imagine if rightwingers bent on destroying Obama and the country, if necessary, wouldnt insist on austerity...

To understand just how damaging austerity is, one has to look no further than Europe. Forced by Germany into steep austerity, Greece, Italy and Spain have taken drastic steps to cut their spending. But that hasn’t unlocked stronger economic growth, as conservative economic theory predicted. Instead,unemployment is at 27 percent, 12.3 percent and 24.4 percent in those three countries respectively. In the Euro area, the unemployment rate is still 11.5 percent.

 

[Mr. H.]

 

[francoHFW]

Spending on food stamps has gone down as 10 million jobs produced, but since Pubs won't pass a living wage more people are eligible for SOME food stamps, hater dupe functional moron.

 

[Science*Good]

Spending on food stamps has gone down as 10 million jobs produced, but since Pubs won't pass a living wage more people are eligible for SOME food stamps, hater dupe functional moron.

Cons view most on food stamps as minorities, cons or most of them hate minorities. Obama as I said has been remarkably successful, imagine if he didnt have to contend with a political movement hell bent on destroying him at any cost.

 

[Mr. H.]

Spending on food stamps has gone down as 10 million jobs produced, but since Pubs won't pass a living wage more people are eligible for SOME food stamps, hater dupe functional moron.

Yeah, Obama embarrasses me too. It's ok, ya fuck.

 

[Science*Good]

So Obama basically saves the country from the amazing intentional harm by W and rank and file republicans who the President SAVED still hate him...

I wonder what that is called?

 

[Sunni Man]

I call him Superman, seems many who know what they are talking about, agree.

..................^^^ .

 

[Toddsterpatriot]

Obama s Economic Record Is Strong Even Though Wages Are Stagnant New Republic


I call him Superman, seems many who know what they are talking about, agree.


Imagine if rightwingers bent on destroying Obama and the country, if necessary, wouldnt insist on austerity...

To understand just how damaging austerity is, one has to look no further than Europe. Forced by Germany into steep austerity, Greece, Italy and Spain have taken drastic steps to cut their spending. But that hasn’t unlocked stronger economic growth, as conservative economic theory predicted. Instead,unemployment is at 27 percent, 12.3 percent and 24.4 percent in those three countries respectively. In the Euro area, the unemployment rate is still 11.5 percent.

I call him Superman,

Idiots say a lot of stupid shit.

wouldnt insist on austerity...

Obama added 7.3 trillion to the debt since he took office, less than 6 years ago.
Total debt is almost $18 trillion. And you think that's austerity? LOL!
You fucking liberal cretin.
If you tripled your IQ, you'd still only be in the double digits.

 

[RandallFlagg]

Obama s Economic Record Is Strong Even Though Wages Are Stagnant New Republic


I call him Superman, seems many who know what they are talking about, agree.


Imagine if rightwingers bent on destroying Obama and the country, if necessary, wouldnt insist on austerity...

To understand just how damaging austerity is, one has to look no further than Europe. Forced by Germany into steep austerity, Greece, Italy and Spain have taken drastic steps to cut their spending. But that hasn’t unlocked stronger economic growth, as conservative economic theory predicted. Instead,unemployment is at 27 percent, 12.3 percent and 24.4 percent in those three countries respectively. In the Euro area, the unemployment rate is still 11.5 percent.

I call him "The Emperor" . Does that count??

 

[Toddsterpatriot]

Spending on food stamps has gone down as 10 million jobs produced, but since Pubs won't pass a living wage more people are eligible for SOME food stamps, hater dupe functional moron.

Cons view most on food stamps as minorities, cons or most of them hate minorities. Obama as I said has been remarkably successful, imagine if he didnt have to contend with a political movement hell bent on destroying him at any cost.

....imagine if he didnt have to contend with a political movement....

Pesky democracy. If only we could be like China for a while, eh comrade?

 

[Toddsterpatriot]

So Obama basically saves the country from the amazing intentional harm by W and rank and file republicans who the President SAVED still hate him...

I wonder what that is called?

Dude, just because they legalized it in Colorado doesn't mean you should smoke that shit 24/7.

It's gonna destroy the few brain cells you have left.

 

[RandallFlagg]

Spending on food stamps has gone down as 10 million jobs produced, but since Pubs won't pass a living wage more people are eligible for SOME food stamps, hater dupe functional moron.

Cons view most on food stamps as minorities, cons or most of them hate minorities. Obama as I said has been remarkably successful, imagine if he didnt have to contend with a political movement hell bent on destroying him at any cost.

....imagine if he didnt have to contend with a political movement....

Pesky democracy. If only we could be like China for a while, eh comrade?

Yep, if only that damned old bicameral government (that our founders built) would just get out of the way and allow the Emperor to conduct business......

 

[Freewill]

Spending on food stamps has gone down as 10 million jobs produced, but since Pubs won't pass a living wage more people are eligible for SOME food stamps, hater dupe functional moron.

Cons view most on food stamps as minorities, cons or most of them hate minorities. Obama as I said has been remarkably successful, imagine if he didnt have to contend with a political movement hell bent on destroying him at any cost.

Were not aholes like you slapped down enough last election? What does it take to make you STFU?

 

[g5000]

Gosh, I wonder if that could have anything to do with the economic crash?

 

[g5000]

SNAP spending as a share of GDP was stable in fiscal years 2012 and 2013 and is on track to fall substantially in 2014 and thereafter. Government data show that spending on SNAP (formerly food stamps) fell slightly as a share of GDP in 2012 and 2013 and is expected to fall by 9 percent in 2014.[1]

SNAP Costs Falling, Expected to Fall Further ? Center on Budget and Policy Priorities


Here is some more material for you to consider: http://www.cbo.gov/sites/default/files/cbofiles/attachments/04-19-SNAP.pdf

The number of people receiving SNAP benefits increased
by almost 50 percent between fiscal years 2001 and 2005
and even more rapidly (by 70 percent) between fiscal
years 2007 and 2011. During that latter period, spending
on SNAP benefits grew by about 135 percent. The
increase in the number of people eligible for and receiving
benefits between 2007 and 2011 has been driven
primarily by the weak economy. That increase was
responsible for about 65 percent of the growth in
spending on benefits between 2007 and 2011. About
20 percent of the growth in spending can be attributed
to temporarily higher benefit amounts enacted in the
American Recovery and Reinvestment Act of 2009
(ARRA). The remainder stemmed from other factors,
such as higher food prices and lower income among beneficiaries,
both of which boost benefits.

So there was a 50 percent increase in Bush's first term. Followed by a 70 percent increase for the period including his second term and the first two years of Obama's first term.

Between 1990 and 2011, the number of SNAP participants
increased during periods of relatively high
unemployment (see Figure 1). Even as the unemployment
rate began to decline from its 1992, 2003, and
2010 peaks, decreases in participation typically lagged
improvement in the economy by several years. For
example, the number of SNAP participants rose steadily
from about 20 million in the fall of 1989 to more than
27 million in April 1994—nearly two years after the
unemployment rate began to fall and a full three years
after the official end of the recession in March 1991. The
number of people receiving SNAP benefits began to
climb again in 2001 and continued to grow until 2006,
more than two years after the unemployment rate began
to decline and well after that recession ended (in November
2001). The number of participants temporarily
leveled off in 2006 and 2007 until the unemployment
rate began to rise sharply in 2008. Participation then
started to grow quickly and has continued to increase
since then.

So we find that is entirely normal for SNAP participation to increase for many years beyond the last recession.

The primary reason
for the increase in the number of participants was the
deep recession from December 2007 to June 2009 and
the subsequent slow recovery; there were no significant
legislative expansions of eligibility for the program during
that time.

Considering the Bush Recession was the greatest crash since the Great Depression, none of these figures being cited for the years following that crash should be the least bit surprising now that we have much more context in which to consider them.

 

[boedicca]

Obama s Economic Record Is Strong Even Though Wages Are Stagnant New Republic


I call him Superman, seems many who know what they are talking about, agree.


Imagine if rightwingers bent on destroying Obama and the country, if necessary, wouldnt insist on austerity...

To understand just how damaging austerity is, one has to look no further than Europe. Forced by Germany into steep austerity, Greece, Italy and Spain have taken drastic steps to cut their spending. But that hasn’t unlocked stronger economic growth, as conservative economic theory predicted. Instead,unemployment is at 27 percent, 12.3 percent and 24.4 percent in those three countries respectively. In the Euro area, the unemployment rate is still 11.5 percent.

You are a blithering idiot.

 

[mudwhistle]

Obama s Economic Record Is Strong Even Though Wages Are Stagnant New Republic


I call him Superman, seems many who know what they are talking about, agree.


Imagine if rightwingers bent on destroying Obama and the country, if necessary, wouldnt insist on austerity...

To understand just how damaging austerity is, one has to look no further than Europe. Forced by Germany into steep austerity, Greece, Italy and Spain have taken drastic steps to cut their spending. But that hasn’t unlocked stronger economic growth, as conservative economic theory predicted. Instead,unemployment is at 27 percent, 12.3 percent and 24.4 percent in those three countries respectively. In the Euro area, the unemployment rate is still 11.5 percent.

Austerity isn't the cause of unemployment, it is the result of overspending and runaway socialism.

 

[boedicca]

Gosh, I wonder if that could have anything to do with the economic crash?

Uh. The recession supposedly ended in 2009, bub.

 

[mudwhistle]

H

Gosh, I wonder if that could have anything to do with the economic crash?

Hmmmmmmm...a crash that ended a couple of months after Obama took office no less.

Oh, and I have renters that said they cut their benefits in half. The government cut in half the amount in food stamps they received. So it appears the decline is due to cutbacks because of sequestration, not because fewer are collecting benefits.

 

[Mr. H.]

Gosh, I wonder if that could have anything to do with the economic crash?

Uh. The recession supposedly ended in 2009, bub.

That's MISTER bub, bubbette.