As Economy Strengthens, Obama’s Popularity Is Likely to Rise

New York Times ^ | 12/272014 | Brendan Nyhan

[SeekAndFind]

When will the improving American economy translate into higher approval ratings for President Obama?

It will take time. But if recent trends continue, Mr. Obama’s political standing is likely to strengthen.

The economy is turning upward. Job growth is increasing, as The Upshot’s Neil Irwin has noted, and wage and income growth – which have been largely nonexistent for years – are likely to pick up. The latest estimate shows G.D.P. grew at a rate of 5 percent in the third quarter, the fastest rate since 2003.

The political currents are seemingly running in the opposite direction from the economy, however. Mr. Obama’s approval ratings are currently mired in the low 40s – mirroring the ratings for his handling of the economy – and his party was soundly defeated in November’s midterm elections..

[4rcane]

The Left ignores that its the 1% thats doing well and ignore the 99%

[smoothsailing]

[<1/1,000,000th%]

In 6 months that 5% will be down to a negative 1%, just like the recent quarters.

[Sasparilla]

Has Zero taken credit for falling gasoline prices yet?

[Hoosier-Daddy]

Don’t count on it New York Times. The economy’s improving inspite of him because of cheap oil that this POS blocked at every opportunity.

[tumblindice]

We’ve still got a ways to go to catch up with North Korea’s East Asian socialist utopian agit-prop Ministry of Truth, but the NYT is paving the way for America’s “community organizers” of the left.
Ridicule, ridicule, and more ridicule. They hate being mocked.

[Taxman]

O[phony]bama and his LIEberal posse will continue to overstep their bounds, and despite the best efforts of a sycophantic press, his popularity will continue to tank.

O[phony]bama is the worst President ever, and no amount of fawning LIEberal journalist ink will change that!

[himno hero]

I was just looking at graphs, copper is still sliding. Nearly all are sliding, getting softer.

Copper is interesting as so much goes into industry and housing. It used to be a leading indicator.
Housing is still softening. Commercial real estate.... same.

[Mastador1]

Here is the problem with their whole premiss, fake numbers don't mean squat in the real world. And that unfortunately for Lord Foul is where 99.9% of us live, not in his fantasy world of multi million dollar vacations and golf trips on the taxpayers dime.

[WilliamofCarmichael]

The latest estimate shows G.D.P. grew at a rate of 5 percent in the third quarter, the fastest rate since 2003. See below. The five percent is an annual rate. The GDP did not increase five percent in the third quarter.

Credit the Nytimese employee he did admit that a fellow employee reported that Democratic Party is divided over how it should handle the issue, with some officials fearing a backlash if the president or his allies celebrate an economy that is still leaving millions of Americans behind.

And no mention of Bush's fault. Wow! But it seems that "Obama’s approval ratings" are the major concern and how many Republicans will warm to Mr. Obama as [people are fooled into believing] the economy improves. So much for the millions of Americans left behind.. how can we fool them is the aging 1960s Marxist-Alinsky campus radical, psycho spoiled brats' and their ideological litters' in government, the MSM, universities, and Hollywood only real concern.

See that weak 2.21% Personal Consumption below and a comparison to other presidents.

US Department of Commerce, Bureau of Economic Analysis (BEA)

Gross Domestic Product (GDP) If you are not at Gross Domestic Product (GDP) search for it. It should be on page http://www.bea.gov/national/index.htm.

Then click on

• "Interactive Tables: GDP and the National Income and Product Account (NIPA) Historical Tables"; that page should be
• National Data GDP & Personal Income;
• click on "Begin using the data"; that page should be
• National Data National Income and Product Accounts Tables; click on Advanced Download Section; that page should be
• Download NIPA Tables and it is where you can download series of tables.

I did not know which tables to look for so I chose to download them all in csv format. I clicked on Section 1 (2852.7k)

This is the table I used.

Table 1.1.2. Contributions to Percent Change in Real Gross Domestic Product ; Seasonally adjusted at annual rates Quarterly data from 1969 To 2014 Bureau of Economic Analysis Data published December 23, 2014.

The percentages are annual.

You have to convert that five percent third quarter 2014 GDP rate that MSM employees are cooing about to a quarterly rate. So for example one method I found on the Internet is to

• compute (5/100)+1 = 1.05; then
• compute 1.05^0.25 -1 = 0.012272234.

.

So it's a quarterly 1.2% that the MSM employees are going wild about and cheering their 'bama.

The following is my contribution (it was not presented this way by BEA):

Two term presidents best GDP. Year and quater. Reagan, Clinton, Bush, Obama.

Line	1983	1996	2003	2014
	2	2	3	3
	9.4	7.2	6.9	5
02 Personal consumption expenditures DPCERY2	5.06	2.88	4.04	2.21
03 ..Goods DGDSRY2	3.17	1.87	2.68	1.06
04 ....Durable goods DDURRY2	2.27	1.07	1.58	0.67
05 ....Nondurable goods DNDGRY2	0.9	0.8	1.1	0.39
06 ..Services DSERRY2	1.89	1.01	1.35	1.15
07 Gross private domestic investment A006RY2	5.96	3.39	2.51	1.18
08 ..Fixed investment A007RY2	2.53	2.13	2.2	1.21
09 ....Nonresidential A008RY2	0.67	1.36	0.95	1.1
10 ......Structures A009RY2	-0.86	0.24	-0.04	0.14
11 ......Equipment Y033RY2	1.24	0.79	0.67	0.63
12 ......Intellectual property products Y001RY2	0.29	0.33	0.32	0.34
13 ....Residential A011RY2	1.86	0.77	1.25	0.1
14 ..Change in private inventories A014RY2	3.43	1.26	0.31	-0.03
15 Net exports of goods and services A019RY2	-2.46	-0.33	0.3	0.78
16 ..Exports A020RY2	0.11	0.73	0.96	0.61
17 ....Goods A253RY2	-0.15	0.41	0.54	0.69
18 ....Services A646RY2	0.26	0.32	0.42	-0.08
19 ..Imports A021RY2	-2.57	-1.05	-0.66	0.16
20 ....Goods A255RY2	-2.29	-0.99	-0.1	0.19
21 ....Services A656RY2	-0.28	-0.06	-0.56	-0.03
22 Government consumption expenditures and gross investment A822RY2	0.89	1.22	0.02	0.8
23 ..Federal A823RY2	0.98	0.56	-0.16	0.68
24 ....National defense A824RY2	0.86	0.43	-0.23	0.66
25 ....Nondefense A825RY2	0.12	0.13	0.07	0.01
26 ..State and local A829RY2	-0.08	0.66	0.18	0.13

Be prepared for the State of the Union lies and bullshlt.

[Batman11]

Someone needs to find that Punch or Pinch, or whatever his name is and kick his ass. This NY Times garbage is getting old!

[Batman11]

Oh, and someone needs to kick breathless Anne Compton’s ass also!

[rktman]

Makes Einstein look like a drooling nincompoop. LOLOLOL!!

[joshua c]

Agree. The lower gas prices are in spite of Obama.

[Olog-hai]

To stay rich, they’d better have a currency other than the dollar, which they continuously undermine.

[funfan]

She retired I think.

[Paul R.]

That’s the thing — I got a small raise and between it causing my subsidy to go down, and the increase in my premium, I am left with less disposable income.

[Paul R.]

Oh, and that doesn’t even count my electric bill RATE going up 17% for 2015.

[Aria]

Seems to me the only good thing that has actually happened is that gas prices are down, despite Obama’s best efforts to prevent this.

[Rodamala]

Maybe he can turn things around just in time to run for a 3rd term.