Obama Administration > Economic Disaster

[CrusaderFrank]

You can post this after what Bush left behind?

THAT was a TRUE disaster. We were literally hours from abject collapse.

If you're going to blame Obama, you'll also need to blame W.
.

Obama fucked up, therefore Boooooooooooooooosh.

Singing the same fucking song for almost 8 years

What happened under his watch happened under his watch.

What happened was just this side of catastrophic.

Nothing will ever be able to change that.
.

WWII started and finished in less time than Obama's been in office, when do you guys ever stop whining about the predecessor?

 

[Mac1958]

You can post this after what Bush left behind?

THAT was a TRUE disaster. We were literally hours from abject collapse.

If you're going to blame Obama, you'll also need to blame W.
.

Obama fucked up, therefore Boooooooooooooooosh.

Singing the same fucking song for almost 8 years

What happened under his watch happened under his watch.

What happened was just this side of catastrophic.

Nothing will ever be able to change that.
.

WWII started and finished in less time than Obama's been in office, when do you guys ever stop whining about the predecessor?

I'm just pointing out that the Meltdown happened under Bush.

Am I wrong?
.

 

[protectionist]

Yes. This is 2016, and we are not in economic collapse.

In 2008, we were.

If you're going to tie a President to an economy, then giving W a waiver on the Meltdown is blatantly dishonest.
.

All depends on what ones defines as collapse, In any case the OP uses the word "Disaster". not collapse. As for George W, I answer comments ONCE, not twice.

 

[protectionist]

WWII started and finished in less time than Obama's been in office, when do you guys ever stop whining about the predecessor? I'm just pointing out that the Meltdown happened under Bush. Am I wrong?
.

You're half wrong. it started under Bush. It has continued under Obama with a doubling of the DEBT.

You're not wrong, but you are OFF TOPIC.

 

[brummelben]

You can post this after what Bush left behind?

THAT was a TRUE disaster. We were literally hours from abject collapse.

If you're going to blame Obama, you'll also need to blame W.
.

I blame Bush for MANY things. (not just the economy) But Bush was 2001- 2008. This is 2016. Get it ?

This administration has added well over 13 million new jobs, with record stock market, corporate profits, and record sales. Deficits have fallen by $1 trillion, and income is growing.
Thats a fact Jack

 

[brummelben]

WWII started and finished in less time than Obama's been in office, when do you guys ever stop whining about the predecessor? I'm just pointing out that the Meltdown happened under Bush. Am I wrong?
.

You're half wrong. it started under Bush. It has continued under Obama with a doubling of the DEBT.

You're not wrong, but you are OFF TOPIC.

Debt has not been doubled under Obama, but whatever it has increase has been the responsibility of the republican congress

 

[rightwinger]

Economic disaster?

More than doubled the stock market
Saved the banks and auto companies
Added $50 trillion to nations wealth
Added 13 million jobs
Cut unemployment rate by 5%

Some "disaster"

The unemployment myth was refuted in the OP.

As for jobs we've lost tens of millions of them, due to Obama-supported NAFTA, TPP, illegal immigration, and work VISA scamming.

$50 Trillion to nation's wealth, huh ? EARTH TO RW: Try reading the OP. The part about the federal DEBT. When Obama took over in January 2009, the total national debt stood at $10.6 trillion. It's now at $20 Trillion. That means the debt will have very nearly doubled during his eight years in office, and there is much more debt ahead, with the abandonment of “sequestration” spending caps enacted in 2011.

12 million new jobs is no myth. Neither is cutting the unemployment rate by 5%

$8 trillion has been added to National debt while $50 trillion has been added to national assets. You have to look at the big picture

 

[brummelben]

Economic disaster?

More than doubled the stock market
Saved the banks and auto companies
Added $50 trillion to nations wealth
Added 13 million jobs
Cut unemployment rate by 5%

Some "disaster"

The unemployment myth was refuted in the OP.

As for jobs we've lost tens of millions of them, due to Obama-supported NAFTA, TPP, illegal immigration, and work VISA scamming.

$50 Trillion to nation's wealth, huh ? EARTH TO RW: Try reading the OP. The part about the federal DEBT. When Obama took over in January 2009, the total national debt stood at $10.6 trillion. It's now at $20 Trillion. That means the debt will have very nearly doubled during his eight years in office, and there is much more debt ahead, with the abandonment of “sequestration” spending caps enacted in 2011.

12 million new jobs is no myth. Neither is cutting the unemployment rate by 5%

$8 trillion has been added to National debt while $50 trillion has been added to national assets. You have to look at the big picture

To be exact, 6 trillion has been added to the debt

 

[RealDave]

That is about all you could could call it. I would hate to have seen McCain or Romney become president, both of whom I despise, but it's undeniable but obama has made a complete mess of the economy, almost as bad as he's been on national security. (and that's pretty bad)

On the wealth gap,according to a report from the Pew Research Center, in 2014 upper income households had almost seven times the wealth of middle class households. That is the largest gap between these respective groups in the three decades the Fed has collected such data. Yes, it's even higher than the "Evil 80s" under Reagan.

Recall President Obama's campaign exchange with Joe the Plumber when he stated, "And I think that when you spread the wealth around, it's good for everybody."

Yet, lower and middle class Americans, groups with which Democrats so often claim allegiance, have fallen further down the economic ladder under President Obama. Consider this staggering comparison: In 2007, the average household income in America was $55,627. In 2014, that figure had slipped to $53,880 -- Americans earned less on average than they did seven years prior. So, what has happened is that the average American family has been earning less than it did when the great Recession began. All the while, over that same period prices of practically everything else we buy rose.

According to government data, in 2007 the lowest quintile of earners in America made up 3.4% of total earnings. That means the lowest 20% of earners in America only collected 3.4% of the total earnings pie in 2007.

In 2013 (the latest available data), that figure had dropped to 3.2%. Bear with me on the math, because it is damning evidence of Obama's Utopian economic failure. That reduction from 3.4% to 3.2% of total earnings means these folks have seen a 6.25% reduction in the slice of their total earnings pie over that period.

What about the highest earning quintile? Over that same period, their slice of the pie actually swelled from 49.7% in 2007 to 51.0% in 2013.

The New York Times, cited a National Employment Law Project study in an April article in which it was noted that a million jobs in middle-income industries were lost during the Great Recession. The article added that those million workers then often found themselves either unemployed or flipping burgers at a minimum wage job.

And the scorecard for Blacks ? (who so overwhelmingly support him and Hillary Clinton) >>> Some Obama supporters will defend him by saying that the Black unemployment rate has dropped from 12.7% when he took office to 11.1% as of November 2014, the latest reported month. At first glance, that might appear impressive. However, the reason that figure has dropped is because so many Blacks have actually dropped out of the labor force.

In January 2009, there were 10,312,000 Blacks not in the labor force. As of November 2014, the latest available data, that figure had swelled to 11,923,000. That represents more than a 15% increase in Black Americans who have exited the workforce

Look at SNAP (commonly known as "food stamps." The program, has grew from $54.8 billion in 2009 to $69.4 billion in 2014. In January 2015, the number of beneficiaries receiving food stamps topped 46 million for 38 straight months, with 14.6 percent of the population and 19.7 percent of all households receiving food stamps. This represents an increase of 1516.96 % over the 2.9 million Americans participating in the food stamp program in 1969. Not good Barrack.

The federal debt is projected to nearly double under President Obama, with the Federal Reserve Bank of St. Louis chart showing it has increased from $11.1 trillion in the first quarter 2009 to $18.9 trillion in the fourth quarter 2015.

Despite Obama’s promises that the implementation of Obamacare would lower health-care costs, the Federal Reserve Bank of St. Louis chart shows the Consumer Price Index, CPI, for medical care services has continued a straight-line increase since the passage of the Affordable Care Act. The CPI for medical care services has increased from 149.952 in January 2009 to 186.961 in February 2016.

The labor-force participation rate has fallen consistently under the Obama administration as an increasing percentage of those out of work and looking for work simply give up and quit looking. The labor-force participation rate has dropped from 65.7 percent in January 2009 to 62.9 percent in February 2016. Beware of false reports of drops in the unemployment rate, as reported by Obama's Bureau of Labor Statistics. These have become virtually meaningless, with the Obamans having adopted a policy of making unemployment percentages look artificially low by increasing the number of workers considered no longer in the work force.
Actually, these workers ARE a part of the workforce, in that they WANT a job, but have stopped looking because of a repetitive inability to get hired (no thanks to Obama's immigration-friendly policies)

John Williams, an economist known for arguing the government reports manipulate “shadow statistics” of economic data for political purposes. Williams writes in his subscription newsletter on ShadowStats.com. ““The broad economic outlook has not changed, despite the heavily-distorted numbers that continue to be published by the BLS,”The unemployment rates have not dropped from peak levels due to a surge in hiring; instead, they generally have dropped because of discouraged workers being eliminated from headline labor-force accounting.”

The federal debt is projected to nearly double under President Obama, with the Federal Reserve Bank of St. Louis chart showing it has increased from $11.1 trillion in the first quarter 2009 to $18.9 trillion in the fourth quarter 2015. At the end of the George W. Bush presidency in January 2009, the federal debt stood at $10.6 trillion. It is projected to exceed $20 trillion by the end of Obama’s presidency in January 2017.

While Quantitative Easing, the Federal Reserve policy of printing money to buy U.S. Treasury Department-issued government debt, known among economists as QE, began under President George W. Bush, it took off under President Obama. The Federal Reserve Bank of St. Louis chart shows the adjusted monetary base of the United States rose from $1.772 trillion on Jan. 14, 2009, to $3.996 trillion as of March 16, 2016.

Real median household income in the United States has declined from a height of $57,357 in 2007 under President George W. Bush to $53,657 in 2014 under President Obama. The calculation takes into consideration the “Obama economic recovery,” in that real median household income in the United States by 2013 rose to $54,426 in 2013, from a low of $52,605 in 2012, only to fall back again in 2014.

Home ownership under Obamanomics has continued a straight-line decline that began with the collapse of the substandard real estate market during George W. Bush’s second term in office. The home-ownership rate has declined from 67.4 percent in 2009 to 63.7 in the second quarter 2015. On July 28, 2015, the Wall Street Journal reported that the rate of home ownership in the second quarter 2015 hit a 48-year low, reflecting the reality that fewer middle class Americans can afford to buy a home. Under Obama, an increasing number of Americans are living in rented homes, with the American dream of owning a home no longer an economic reality.

Comparing wages, etc to 2007? Let it up to a whiner to ignore the Bush recession.

The LPR does not necessarily mean being lower is a bad thing. It was much lower in the 50's during good economic times. Two examples.

I have a good job & sup[port my kids & my stay-at-home wife. My company has a massive layoff due to poor economic times. The only work I can get does not pay as much & my wife goes to work. The LPR just went up.

After a year, I get called back to my old job & I make good money & my wife no longer has to work & returns to being a stay-at-home mom. The LPR just went down.

 

[rightwinger]

That is about all you could could call it. I would hate to have seen McCain or Romney become president, both of whom I despise, but it's undeniable but obama has made a complete mess of the economy, almost as bad as he's been on national security. (and that's pretty bad)

On the wealth gap,according to a report from the Pew Research Center, in 2014 upper income households had almost seven times the wealth of middle class households. That is the largest gap between these respective groups in the three decades the Fed has collected such data. Yes, it's even higher than the "Evil 80s" under Reagan.

Recall President Obama's campaign exchange with Joe the Plumber when he stated, "And I think that when you spread the wealth around, it's good for everybody."

Yet, lower and middle class Americans, groups with which Democrats so often claim allegiance, have fallen further down the economic ladder under President Obama. Consider this staggering comparison: In 2007, the average household income in America was $55,627. In 2014, that figure had slipped to $53,880 -- Americans earned less on average than they did seven years prior. So, what has happened is that the average American family has been earning less than it did when the great Recession began. All the while, over that same period prices of practically everything else we buy rose.

According to government data, in 2007 the lowest quintile of earners in America made up 3.4% of total earnings. That means the lowest 20% of earners in America only collected 3.4% of the total earnings pie in 2007.

In 2013 (the latest available data), that figure had dropped to 3.2%. Bear with me on the math, because it is damning evidence of Obama's Utopian economic failure. That reduction from 3.4% to 3.2% of total earnings means these folks have seen a 6.25% reduction in the slice of their total earnings pie over that period.

What about the highest earning quintile? Over that same period, their slice of the pie actually swelled from 49.7% in 2007 to 51.0% in 2013.

The New York Times, cited a National Employment Law Project study in an April article in which it was noted that a million jobs in middle-income industries were lost during the Great Recession. The article added that those million workers then often found themselves either unemployed or flipping burgers at a minimum wage job.

And the scorecard for Blacks ? (who so overwhelmingly support him and Hillary Clinton) >>> Some Obama supporters will defend him by saying that the Black unemployment rate has dropped from 12.7% when he took office to 11.1% as of November 2014, the latest reported month. At first glance, that might appear impressive. However, the reason that figure has dropped is because so many Blacks have actually dropped out of the labor force.

In January 2009, there were 10,312,000 Blacks not in the labor force. As of November 2014, the latest available data, that figure had swelled to 11,923,000. That represents more than a 15% increase in Black Americans who have exited the workforce

Look at SNAP (commonly known as "food stamps." The program, has grew from $54.8 billion in 2009 to $69.4 billion in 2014. In January 2015, the number of beneficiaries receiving food stamps topped 46 million for 38 straight months, with 14.6 percent of the population and 19.7 percent of all households receiving food stamps. This represents an increase of 1516.96 % over the 2.9 million Americans participating in the food stamp program in 1969. Not good Barrack.

The federal debt is projected to nearly double under President Obama, with the Federal Reserve Bank of St. Louis chart showing it has increased from $11.1 trillion in the first quarter 2009 to $18.9 trillion in the fourth quarter 2015.

Despite Obama’s promises that the implementation of Obamacare would lower health-care costs, the Federal Reserve Bank of St. Louis chart shows the Consumer Price Index, CPI, for medical care services has continued a straight-line increase since the passage of the Affordable Care Act. The CPI for medical care services has increased from 149.952 in January 2009 to 186.961 in February 2016.

The labor-force participation rate has fallen consistently under the Obama administration as an increasing percentage of those out of work and looking for work simply give up and quit looking. The labor-force participation rate has dropped from 65.7 percent in January 2009 to 62.9 percent in February 2016. Beware of false reports of drops in the unemployment rate, as reported by Obama's Bureau of Labor Statistics. These have become virtually meaningless, with the Obamans having adopted a policy of making unemployment percentages look artificially low by increasing the number of workers considered no longer in the work force.
Actually, these workers ARE a part of the workforce, in that they WANT a job, but have stopped looking because of a repetitive inability to get hired (no thanks to Obama's immigration-friendly policies)

John Williams, an economist known for arguing the government reports manipulate “shadow statistics” of economic data for political purposes. Williams writes in his subscription newsletter on ShadowStats.com. ““The broad economic outlook has not changed, despite the heavily-distorted numbers that continue to be published by the BLS,”The unemployment rates have not dropped from peak levels due to a surge in hiring; instead, they generally have dropped because of discouraged workers being eliminated from headline labor-force accounting.”

The federal debt is projected to nearly double under President Obama, with the Federal Reserve Bank of St. Louis chart showing it has increased from $11.1 trillion in the first quarter 2009 to $18.9 trillion in the fourth quarter 2015. At the end of the George W. Bush presidency in January 2009, the federal debt stood at $10.6 trillion. It is projected to exceed $20 trillion by the end of Obama’s presidency in January 2017.

While Quantitative Easing, the Federal Reserve policy of printing money to buy U.S. Treasury Department-issued government debt, known among economists as QE, began under President George W. Bush, it took off under President Obama. The Federal Reserve Bank of St. Louis chart shows the adjusted monetary base of the United States rose from $1.772 trillion on Jan. 14, 2009, to $3.996 trillion as of March 16, 2016.

Real median household income in the United States has declined from a height of $57,357 in 2007 under President George W. Bush to $53,657 in 2014 under President Obama. The calculation takes into consideration the “Obama economic recovery,” in that real median household income in the United States by 2013 rose to $54,426 in 2013, from a low of $52,605 in 2012, only to fall back again in 2014.

Home ownership under Obamanomics has continued a straight-line decline that began with the collapse of the substandard real estate market during George W. Bush’s second term in office. The home-ownership rate has declined from 67.4 percent in 2009 to 63.7 in the second quarter 2015. On July 28, 2015, the Wall Street Journal reported that the rate of home ownership in the second quarter 2015 hit a 48-year low, reflecting the reality that fewer middle class Americans can afford to buy a home. Under Obama, an increasing number of Americans are living in rented homes, with the American dream of owning a home no longer an economic reality.

Comparing wages, etc to 2007? Let it up to a whiner to ignore the Bush recession.

The LPR does not necessarily mean being lower is a bad thing. It was much lower in the 50's during good economic times. Two examples.

I have a good job & sup[port my kids & my stay-at-home wife. My company has a massive layoff due to poor economic times. The only work I can get does not pay as much & my wife goes to work. The LPR just went up.

After a year, I get called back to my old job & I make good money & my wife no longer has to work & returns to being a stay-at-home mom. The LPR just went down.

Until protectionist can account for the 50 million retirees, 12 million handicapped and 20 million teens and stay at home moms........Labor Participation Rate is a bogus tool to evaluate employment

 

[BuckToothMoron]

Economic disaster?

More than doubled the stock market
Saved the banks and auto companies
Added $50 trillion to nations wealth
Added 13 million jobs
Cut unemployment rate by 5%

Some "disaster"

So you credit BO for doubling the stock market? Explain to me his policies which caused the market to double. Btw, that did nothing for the bottom 20%. How many minimum wage earners are buying stocks? Seriously dude, your lack of understanding of the stock market and its relationship to the economy has been exposed, but I will look forward to your response.

The question is...Has the economy been an economic disaster under Obama?
OP "undeniable but obama has made a complete mess of the economy"

Without getting into a pissing contest over "He didn't do that" there is no question that the economy hasn't been a disaster and we got the recovery we deserved

I assume you are backing off giving him credit for the stock market increase since you dodged the question.

As for the economy under BO-

SIMPLY THE WORST=> Obama is First President Ever to Not See Single Year of 3% GDP Growth
The rate of real economic growth is the single greatest determinate of both America’s strength as a nation and the well-being of the American people.

On Thursday the Commerce Department announced that the US economy expanded at the slowest pace in two years. GDP growth rose at an anemic 0.5% rate after a paltry 1.4% fourth quarter advance.

Ronald Reagan brought forth an annual real GDP growth of 3.5%.
Barack Obama will be lucky to average a 1.55% GDP growth rate.

This ranks Obama as the fourth worst presidency on record.

So that is what you think we deserved?

 

[rightwinger]

Economic disaster?

More than doubled the stock market
Saved the banks and auto companies
Added $50 trillion to nations wealth
Added 13 million jobs
Cut unemployment rate by 5%

Some "disaster"

So you credit BO for doubling the stock market? Explain to me his policies which caused the market to double. Btw, that did nothing for the bottom 20%. How many minimum wage earners are buying stocks? Seriously dude, your lack of understanding of the stock market and its relationship to the economy has been exposed, but I will look forward to your response.

The question is...Has the economy been an economic disaster under Obama?
OP "undeniable but obama has made a complete mess of the economy"

Without getting into a pissing contest over "He didn't do that" there is no question that the economy hasn't been a disaster and we got the recovery we deserved

I assume you are backing off giving him credit for the stock market increase since you dodged the question.

As for the economy under BO-

SIMPLY THE WORST=> Obama is First President Ever to Not See Single Year of 3% GDP Growth
The rate of real economic growth is the single greatest determinate of both America’s strength as a nation and the well-being of the American people.

On Thursday the Commerce Department announced that the US economy expanded at the slowest pace in two years. GDP growth rose at an anemic 0.5% rate after a paltry 1.4% fourth quarter advance.

Ronald Reagan brought forth an annual real GDP growth of 3.5%.
Barack Obama will be lucky to average a 1.55% GDP growth rate.

This ranks Obama as the fourth worst presidency on record.

So that is what you think we deserved?

Want to go there?
OK, I will go there

Yes, Obama saved the stock market in 2009. A market that was in the process of dropping from 14,000 down to below 7,000. At a time when investors were abandoning the markets and banks and auto companies were failing...the market was in full panic
Obama stood up and said the power of the US Government would stand behind the banks, revive the auto companies and but almost a trillion dollars into the economy....the market reversed immediately

3% growth is a bogus statistic created just for Obama. It doesn't mean anything. Steady 3% growth in todays global economy is pretty good. Your "never went above 3% in any year" also ignores that he never went negative in any year either. His growth was consistent and predictable. Never shot up and never crashed.

 

[BuckToothMoron]

Economic disaster?

More than doubled the stock market
Saved the banks and auto companies
Added $50 trillion to nations wealth
Added 13 million jobs
Cut unemployment rate by 5%

Some "disaster"

So you credit BO for doubling the stock market? Explain to me his policies which caused the market to double. Btw, that did nothing for the bottom 20%. How many minimum wage earners are buying stocks? Seriously dude, your lack of understanding of the stock market and its relationship to the economy has been exposed, but I will look forward to your response.

The question is...Has the economy been an economic disaster under Obama?
OP "undeniable but obama has made a complete mess of the economy"

Without getting into a pissing contest over "He didn't do that" there is no question that the economy hasn't been a disaster and we got the recovery we deserved

I assume you are backing off giving him credit for the stock market increase since you dodged the question.

As for the economy under BO-

SIMPLY THE WORST=> Obama is First President Ever to Not See Single Year of 3% GDP Growth
The rate of real economic growth is the single greatest determinate of both America’s strength as a nation and the well-being of the American people.

On Thursday the Commerce Department announced that the US economy expanded at the slowest pace in two years. GDP growth rose at an anemic 0.5% rate after a paltry 1.4% fourth quarter advance.

Ronald Reagan brought forth an annual real GDP growth of 3.5%.
Barack Obama will be lucky to average a 1.55% GDP growth rate.

This ranks Obama as the fourth worst presidency on record.

So that is what you think we deserved?

Want to go there?
OK, I will go there

Yes, Obama saved the stock market in 2009. A market that was in the process of dropping from 14,000 down to below 7,000. At a time when investors were abandoning the markets and banks and auto companies were failing...the market was in full panic
Obama stood up and said the power of the US Government would stand behind the banks, revive the auto companies and but almost a trillion dollars into the economy....the market reversed immediately

3% growth is a bogus statistic created just for Obama. It doesn't mean anything. Steady 3% growth in todays global economy is pretty good. Your "never went above 3% in any year" also ignores that he never went negative in any year either. His growth was consistent and predictable. Never shot up and never crashed.

So you're saying BO put a trillion dollars into the economy and that boosted the stock market, is that right? Consider your response very carefully.

 

[rightwinger]

Ronald Reagan brought forth an annual real GDP growth of 3.5%.
Barack Obama will be lucky to average a 1.55% GDP growth rate.

This ranks Obama as the fourth worst presidency on record.

So that is what you think we deserved

Yes, we got the growth that we deserved. We elected a Congress that was more concerned with who gets to call the shots rather than what can we do to save the economy. Republicans specifically encouraged the economy to sputter in order to enhance their election chances

What should we have done?
Used near zero interest rates, high unemployment and low wages to start massive infrastructure improvements that would have given you the GDP you desire. Instead we played austerity games, threatened to default on debt and reduced government at a time the economy needed an infusion of cash

So, Yes
We got the recovery we deserved

 

[rightwinger]

Economic disaster?

More than doubled the stock market
Saved the banks and auto companies
Added $50 trillion to nations wealth
Added 13 million jobs
Cut unemployment rate by 5%

Some "disaster"

So you credit BO for doubling the stock market? Explain to me his policies which caused the market to double. Btw, that did nothing for the bottom 20%. How many minimum wage earners are buying stocks? Seriously dude, your lack of understanding of the stock market and its relationship to the economy has been exposed, but I will look forward to your response.

The question is...Has the economy been an economic disaster under Obama?
OP "undeniable but obama has made a complete mess of the economy"

Without getting into a pissing contest over "He didn't do that" there is no question that the economy hasn't been a disaster and we got the recovery we deserved

I assume you are backing off giving him credit for the stock market increase since you dodged the question.

As for the economy under BO-

SIMPLY THE WORST=> Obama is First President Ever to Not See Single Year of 3% GDP Growth
The rate of real economic growth is the single greatest determinate of both America’s strength as a nation and the well-being of the American people.

On Thursday the Commerce Department announced that the US economy expanded at the slowest pace in two years. GDP growth rose at an anemic 0.5% rate after a paltry 1.4% fourth quarter advance.

Ronald Reagan brought forth an annual real GDP growth of 3.5%.
Barack Obama will be lucky to average a 1.55% GDP growth rate.

This ranks Obama as the fourth worst presidency on record.

So that is what you think we deserved?

Want to go there?
OK, I will go there

Yes, Obama saved the stock market in 2009. A market that was in the process of dropping from 14,000 down to below 7,000. At a time when investors were abandoning the markets and banks and auto companies were failing...the market was in full panic
Obama stood up and said the power of the US Government would stand behind the banks, revive the auto companies and but almost a trillion dollars into the economy....the market reversed immediately

3% growth is a bogus statistic created just for Obama. It doesn't mean anything. Steady 3% growth in todays global economy is pretty good. Your "never went above 3% in any year" also ignores that he never went negative in any year either. His growth was consistent and predictable. Never shot up and never crashed.

So you're saying BO put a trillion dollars into the economy and that boosted the stock market, is that right? Consider your response very carefully.

Our president put $800 billion into an economy that was in a panic and bordering on a depression. That investment reversed a market that was crashing

Now, consider YOUR response very carefully

 

[coldjoint]

More than doubled the stock market / that helped the 1% Democrats rail against
Saved the banks and auto companies/ see above
Added $50 trillion to nations wealth/ did not pay down debt
Added 13 million jobs/ over half are part time
Cut unemployment rate by 5%/ cooked numbers

 

[coldjoint]

So you credit BO for doubling the stock market? Explain to me his policies which caused the market to double. Btw, that did nothing for the bottom 20%. How many minimum wage earners are buying stocks? Seriously dude, your lack of understanding of the stock market and its relationship to the economy has been exposed, but I will look forward to your response.

The question is...Has the economy been an economic disaster under Obama?
OP "undeniable but obama has made a complete mess of the economy"

Without getting into a pissing contest over "He didn't do that" there is no question that the economy hasn't been a disaster and we got the recovery we deserved

I assume you are backing off giving him credit for the stock market increase since you dodged the question.

As for the economy under BO-

SIMPLY THE WORST=> Obama is First President Ever to Not See Single Year of 3% GDP Growth
The rate of real economic growth is the single greatest determinate of both America’s strength as a nation and the well-being of the American people.

On Thursday the Commerce Department announced that the US economy expanded at the slowest pace in two years. GDP growth rose at an anemic 0.5% rate after a paltry 1.4% fourth quarter advance.

Ronald Reagan brought forth an annual real GDP growth of 3.5%.
Barack Obama will be lucky to average a 1.55% GDP growth rate.

This ranks Obama as the fourth worst presidency on record.

So that is what you think we deserved?

Want to go there?
OK, I will go there

Yes, Obama saved the stock market in 2009. A market that was in the process of dropping from 14,000 down to below 7,000. At a time when investors were abandoning the markets and banks and auto companies were failing...the market was in full panic
Obama stood up and said the power of the US Government would stand behind the banks, revive the auto companies and but almost a trillion dollars into the economy....the market reversed immediately

3% growth is a bogus statistic created just for Obama. It doesn't mean anything. Steady 3% growth in todays global economy is pretty good. Your "never went above 3% in any year" also ignores that he never went negative in any year either. His growth was consistent and predictable. Never shot up and never crashed.

So you're saying BO put a trillion dollars into the economy and that boosted the stock market, is that right? Consider your response very carefully.

Our president put $800 billion into an economy that was in a panic and bordering on a depression. That investment reversed a market that was crashing

Now, consider YOUR response very carefully

Our president put $800 billion into an economy that was in a panic and bordering on a depression. That investment reversed a market that was crashing

That was the first and largest blast of air to the new bubble he created with quantitative easing. He devalued the dollar by printing that money.

 

[rightwinger]

More than doubled the stock market / that helped the 1% Democrats rail against
Saved the banks and auto companies/ see above
Added $50 trillion to nations wealth/ did not pay down debt
Added 13 million jobs/ over half are part time
Cut unemployment rate by 5%/ cooked numbers

Not even worthy of a response

Denial does not constitute a response....post YOUR numbers if you disagree

 

[Richard-H]

Given the level of cooperation that Pres. Obama has gotten from congress, I wouldn't blame or give credit to him for much of anything.

 

[rightwinger]

The question is...Has the economy been an economic disaster under Obama?
OP "undeniable but obama has made a complete mess of the economy"

Without getting into a pissing contest over "He didn't do that" there is no question that the economy hasn't been a disaster and we got the recovery we deserved

I assume you are backing off giving him credit for the stock market increase since you dodged the question.

As for the economy under BO-

SIMPLY THE WORST=> Obama is First President Ever to Not See Single Year of 3% GDP Growth
The rate of real economic growth is the single greatest determinate of both America’s strength as a nation and the well-being of the American people.

On Thursday the Commerce Department announced that the US economy expanded at the slowest pace in two years. GDP growth rose at an anemic 0.5% rate after a paltry 1.4% fourth quarter advance.

Ronald Reagan brought forth an annual real GDP growth of 3.5%.
Barack Obama will be lucky to average a 1.55% GDP growth rate.

This ranks Obama as the fourth worst presidency on record.

So that is what you think we deserved?

Want to go there?
OK, I will go there

Yes, Obama saved the stock market in 2009. A market that was in the process of dropping from 14,000 down to below 7,000. At a time when investors were abandoning the markets and banks and auto companies were failing...the market was in full panic
Obama stood up and said the power of the US Government would stand behind the banks, revive the auto companies and but almost a trillion dollars into the economy....the market reversed immediately

3% growth is a bogus statistic created just for Obama. It doesn't mean anything. Steady 3% growth in todays global economy is pretty good. Your "never went above 3% in any year" also ignores that he never went negative in any year either. His growth was consistent and predictable. Never shot up and never crashed.

So you're saying BO put a trillion dollars into the economy and that boosted the stock market, is that right? Consider your response very carefully.

Our president put $800 billion into an economy that was in a panic and bordering on a depression. That investment reversed a market that was crashing

Now, consider YOUR response very carefully

Our president put $800 billion into an economy that was in a panic and bordering on a depression. That investment reversed a market that was crashing

That was the first and largest blast of air to the new bubble he created with quantitative easing. He devalued the dollar by printing that money.

Show where our dollar has been devalued over the last 8 years. It is at its strongest in a decade. Also there has been minimal inflation

So much for your quantitative easing argument