Our economy is the strongest in the world so is our dollar
Thanks President Obama
Pop quiz!
Who is the only United States President in the last nearly 90 years.....close to your age,huh?....
....who has never.........never.....been able to achieve a 3% or better real economic growth for his nation????
But...has this record:
National debt of the United States:
US: $19,230,634,229,070 - Debt as of June 2016
Irrelevant statistic that ignores eight years of steady growth and the U.S. Being the leading economy in the world
Aha!
So you recognize the culprit behind the abysmal economic statistics here...
1. Obama is the first President never to have had a year of 3% or better economic growth: "... annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years."
President Obama's Growth Gap Hits $1.31 Trillion
a. "
The years since 2007 have been a macroeconomic disaster for the United States of a magnitude unprecedented since the Great Depression." Obama: Always Wrong, Never In Doubt
b. ".... first president since Hoover to never have a single year above 3% GDP growth."
Obama economy is 'amazing,' says hedge fund billionaire
And here....
2. "WASHINGTON (Reuters) - The U.S. economy created the fewest number of jobs in more than five years in May as employment in the manufacturing and construction sectors fell sharply, suggesting a deterioration in the labor market ...Nonfarm payrolls increased by only 38,000 jobs last month, the smallest gain since September 2010, the Labor Department said on Friday. Underscoring the report's weakness, employers hired 59,000 fewer workers in March and April than previously reported. While the unemployment rate fell three-tenths of a percentage point to 4.7 percent in May, the lowest since November 2007, that was in part due to people dropping out of the labor force."
Weak U.S. employment report dims prospect of Fed rate hike
And here....
3. "CBO says deficits slated to shrink in coming years, but will soar again if spending or tax changes are not made
Federal deficits have soared between 2009 and 2012, bring the total long-term debt to a level equal to 73 percent of the nation’s GDP. “Between 2009 and 2012, the federal government recorded the largest budget deficits relative to the size of the economy since 1946, causing federal debt to soar.”
CBO says deficits slated to shrink in coming years, but will soar again if spending or tax changes are not made
BTW.....you didn't vote for this dud......
.....did you?
3% is arbitrary and irrelevant
Hides eight years of consistent growth
Where was the "train wreck" predicted by Republicans? The huge job losses, the inflation, the economic collapse due to Obamas policies?
Have to go back to Bush to find that
Liar.
1. the United States had lost its once-enormous global lead in middle-class pay, based on
international income surveys over the last three decades. After-tax median income in Canada appears to have been higher last year than the same measure in this country. The poor in Canada and much of western Europe earn more than the poor here.
http://www.nytimes.com/2014/04/29/u...dgety-boys-and-a-sputtering-economy.html?_r=0
2. Middle aged people laid off and unable to find work are taking another way out. They're killing themselves. Suicide rates are soaring, according to federal data released last week. Especially in economically depressed states and job-starved upstate New York. People in need of work are twice as likely to take their own lives as employed people, and people fired in their forties and fifties find it hardest to get hired again.
That makes boosting economic growth a life- and- death issue. But you wouldn't know it listening to Barack Obama and Hillary Clinton. President Obama whitewashes reality, claiming the "American economy is pretty darn good right now."
Soaring Suicides Emerge As a National Crisis Laid to Economic Stall - The New York Sun
3. "U.S. Economy Expands to 0.5% Pace, Weakest in Two Years
The U.S. economy expanded in the first quarter at the slowest pace in two years ....Gross domestic product rose at a 0.5 percent annualized rate after a 1.4 percent fourth-quarter advance, Commerce Department data showed Thursday. The increase was less than the 0.7 percent median projection in a Bloomberg survey and marked the third straight disappointing start to a year."
U.S. Economy Expands to 0.5% Pace, Weakest in Two Years
4. "Then came the jobs numbers. Employers added 38,000 jobs in May, the weakest performance since September 2010. Revisions to previous payroll data showed employers added a combined 59,000 fewer jobs in April and March than previously reported. That brought average monthly job growth in the past three months to 116,000, a sharp slowdown from the average growth of 219,000 over the prior 12 months.
One economist dubbed it “
an unqualified dud.”
by Erik Holm"
Recap: Janet Yellen on Economy, Monetary Policy
Obama, like you.....a liar and unmitigated failure.
