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The Obama Economic Record is Even Worse than You Realize
American Thinker ^ | January 5, 2015 | Chad Stafko

Posted on 01/06/2015 8:26:59 AM PST by george76

Six years ago this month, America cast its lot toward a young, first-term U.S. Senator from Illinois to lead the greatest nation in the world. His mesmerizing words and bold promises drew folks in by the millions.

However, unless you're a bleeding heart liberal, you realize the social experiment of electing an unqualified, former professional antagonizer has been an economic disaster.

The quantitative evidence, and it abundant, is overwhelming and ever-growing.

...

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.

(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: economy; jobs; middleclass; obamaeconomy; obamajobs; unemployment
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1 posted on 01/06/2015 8:26:59 AM PST by george76
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To: george76

Not to worry....Obama has 2 years, (and apparently no Republican opposition) to destroy the middle class.


2 posted on 01/06/2015 8:30:10 AM PST by stephenjohnbanker (The only people in the world who fear Obama are American citizens.)
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To: stephenjohnbanker

I think the frackers trumped his plan.
$2 gas is helping a lot.


3 posted on 01/06/2015 8:34:48 AM PST by nascarnation (....)
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To: george76

Not completely on topic but worth the look.https://www.youtube.com/watch?v=nzaz3fn7GLg


4 posted on 01/06/2015 8:34:50 AM PST by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: george76

“His mesmerizing words and bold promises drew folks in by the millions.”

I could think of different adjectives.


5 posted on 01/06/2015 8:34:53 AM PST by SaveFerris (Be a blessing to a stranger today for some have entertained angels unaware)
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To: nascarnation

It sure helps our cause.


6 posted on 01/06/2015 8:36:06 AM PST by stephenjohnbanker (The only people in the world who fear Obama are American citizens.)
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To: nascarnation
Interesting quandary in that the green liberals detest fracking as it scars mother Gaea, but it has brought them lower gas prices and higher poll numbers for their dear leader.
7 posted on 01/06/2015 8:47:44 AM PST by Rennes Templar (2016 Dem POTUS front runner: Monica Lewinsky's ex boyfriend's wife.)
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To: Rennes Templar
Last week there was an op-ed in our Gannett generipaper by some black guy.

He said "Republicans talk about drill baby drill but Barack Obama made it happen."

Yes I did throw up on the kitchen table.

8 posted on 01/06/2015 8:49:36 AM PST by nascarnation (....)
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To: george76
Change was coming. All families, not just the rich, would rise in wealth, but especially those with the lowest of incomes. African-Americans would see their lot improve, as would other minority groups. Grand and exciting changes were coming with the 44th President of the United States.

The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries. – Winston Churchill

9 posted on 01/06/2015 8:59:05 AM PST by RatRipper
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To: nascarnation

Can you imagine where our economy would be without hydraulic fracturing? And that’s the biggest problem with 0bama and his socialist buddies. They think any economic progress is made by government, when in fact any economic development is done despite government.


10 posted on 01/06/2015 9:00:05 AM PST by henkster (Do I really need a sarcasm tag?)
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To: nascarnation

I’m feeling less stifled, myself...


11 posted on 01/06/2015 9:02:47 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: henkster

Can you imagine where our economy would be without hydraulic fracturing?


It would be right where Obamajarett wanted it.


12 posted on 01/06/2015 9:03:35 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: george76

Obama did better than Bush in preserving American jobs but both were failures. No President will reverse America’s economy until the exported jobs are restored.


13 posted on 01/06/2015 9:15:31 AM PST by ex-snook (God forgives because God is Love)
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To: nascarnation

If Obummer made it happen, it is the most under-reported thing in his presidency, and there are a lot of them.


14 posted on 01/06/2015 9:19:37 AM PST by Rennes Templar (2016 Dem POTUS front runner: Monica Lewinsky's ex boyfriend's wife.)
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To: nascarnation
I think the frackers trumped his plan. $2 gas is helping a lot.

Now that the Taxers know people will pay $5.00 a gallon for gasoline, the taxes will increase to stabilize the price around $4.00.

15 posted on 01/06/2015 9:19:40 AM PST by itsahoot (Voting for a Progressive RINO is the same as voting for any other Tyrant.)
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To: george76

16 posted on 01/06/2015 9:21:59 AM PST by PLD
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To: george76

17 posted on 01/06/2015 9:33:25 AM PST by Bon mots (American Exceptionalism becomes American Acceptionalism under this regime... :()
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To: george76

Has it really been only six years?

Seems like a lifetime to me. Worst. President. Ever.


18 posted on 01/06/2015 9:38:50 AM PST by austinaero
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To: george76

But we’ll make up for it in volume.


19 posted on 01/06/2015 10:59:04 AM PST by Organic Panic
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To: nascarnation

Fracking? I was informed by a lib that fracking was only for home heating oil. lol


20 posted on 01/06/2015 8:28:03 PM PST by CommieCutter
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