George W. Bush inherited a strong economy, a budget surplus, and a nation at peace.
Eight years later, he left Obama with a shattered economy, a trillion dollar deficit, and two useless wars.
Obama saved the country from another Great Depression, rebuilt GM, reformed healthcare, reformed Wall Street, doubled the stock market, created 12 straight quarters of GDP growth, created 30 straight months of private sector job growth, got Bin Laden, got Gaddafi, and got us out of Iraq.
And now with the automatic spending cuts and the expiration of the Bush tax cuts in 2012, Obama has solved the deficit problem as well.
Obama has done a very good job.
It's quite scary when you realize people like this can vote.
1.) I can't believe it needs to be said, but the labor force participation rate as well as the percentage of Americans employed are lower now than they were either pre-recession or during the recession.
2.) GM's stock is tanking and is very well going to need a second bailout in the future. I'm not sure how that counts as "rebuilt GM".
3.) How did he "reform Healthcare", except to ensure that insurance companies make bank while everyone else pays higher taxes?
4.) GDP growth under Obama is the lowest post-recession growth in... well, I want to say ever, but I won't. I'll just say a very long time.
5.) Whether or not we've added jobs every month is the biggest red herring ever. Imagine the following scenario. We have a country with 100 people of working age and 90 jobs available. Every day the number of people of working age grows by three. Also, every day there are two new jobs added. Now let's say that 10 people out of the 100 are currently unemployed. So starting from today, the unemployment rate is 10% (10/100). Tomorrow, there will be 103 people of working age and 92 jobs available, giving us an employment rate of 10.67% (11/103). The day after that the unemployment rate will be 11.32% (12/106). And so on and so forth for every day.
In your world view, this constitutes a good thing because even though unemployment is rising and every day there are a growing number of people who don't have work, there are more jobs being created. Of course, this doesn't happen in real life because more people are dropping out of the labor market faster than more people are entering the market. If the unemployment rate calculated discouraged workers, you would see the exact above happen. The bottom line is that anyone with a quarter of a brain could see the above is not a good thing. If you are not adding more jobs than the number of people who enter the labor market,
THERE ARE MORE PEOPLE-- BOTH IN ABSOLUTE NUMBERS AND AS A PERCENTAGE-- WHO DON'T HAVE JOBS.
6.) The part about the deficit is a flat out LIE.
7.) And lest I forget, how is Libya doing?
