Posted on 08/03/2016 7:57:15 AM PDT by mandaladon
A slew of bad economic headlines last week made it official: The Obama economy has failed. As noted in the Wall Street Journal, “Even seven years after the recession ended . . . in terms of average annual growth, the pace of this expansion has been by far the weakest of any since 1949.” The economy has grown at an annual rate of only 2.1 percent since the recession ended in June 2009, compared with annual growth of 4.3 percent during the economic expansion from 1982 to 1990. So what does this mean for Hillary Clinton? Let’s remember, economic circumstances produce political consequences. As I have said before, if we had better economic growth under President Obama, we wouldn’t have Donald Trump today. Despite all the headlines surrounding the lunacy coming from Trump, at the end of the day, economic issues are what drive votes.
Notwithstanding all the happy talk about the economy from the Democrats, Gallup found that 60 percent of Americans think economic conditions in this country are “getting worse.” That’s 60 percent of people who will be resistant to Clinton’s economic plans. Americans can see what is happening. The typical American might not be able to quote statistics about how if the labor force participation rate were the same today as it was when Obama took office, the unemployment rate would be 9.2 percent instead of 4.9 percent or rattle off statistics about the decline in median household income under President Obama, but they can tell you firsthand about small businesses that have closed in their communities, friends who can’t find work, and their own financial struggles. And nothing they hear from Clinton makes them believe things are going to get better.
(Excerpt) Read more at washingtonpost.com ...
Trump should bring this up every minute of every day!
You are not going to pull this crap people...WE the legal American Voters are running this election and WE have picked our candidate to win this election, so you take your ‘Hillary clinton’ and shove it!!!
GO.TRUMP/PENCE.GO!!! ALL THE WAY TO THE WHITE HOUSE!!!
1% economic growth. Needs to be shouted at every chance.
Well, let’s hope so.
But then Hillary said she would put Bill in charge of the economy, because, after all, he knows how to recharge the economy . She was hinting at the economic conditions during Bill’s presidency.
But, as with anything else, how much of the good economic conditions of the ‘90s were due to the policies of Bill Clinton, how much was due to Republican initiatives, such as the movement towards a balanced budget pushed by the GOP in those days, and how much was due to the changes brought about by the rise of the internet, which Bill Clinton had no control over in the first place???
It’s the Khan, stupid.
Won’t be long before the prudent start pulling their assets out of the stock market. Presidential years are very uncertain and no one wants to be caught with their pants down. Better to flee to safety and see what shakes out.
Correct, he should be campaigning on this; his support constitutes a big part of the country that knows this.
Washington Compost...puke
Compost: Trump isn’t any of those things. His pathetic need to be the center of attention is a distraction, to say the least.
His ‘pathetic’ need?
>Really?
Compost: Some voters will care about plans, policies, experience and character, and among those voters, Trump will likely get blown away.
>Really? lol He will have all of those...plus economy wisdom.
Compost: But if the state of the economy controls the outcome of the election, Clinton could have a big problem on her hands.
>Then we citizens will keep economy stats stay out there!
This morning, GMA on ABC is touting the ‘179,000 NEW private sector jobs in the month of July’, but I have NOT seen a WEEKLY posting of NEW UNEMPLOYMENT claims for months & months & months.
179,000’new’ jobs doesn’t mean much when 250,000 NEW UNEMPLOYMENT claims are being filed EVERY week. That is a huge shortfall, and Obama has been tampering with the unemployment figures since he was sworn in.
Shrillary will do the same ting.
Other than Trump and Wikileaks there are no problems for Hillary. She has the entire world’s globalist cabal, all the world’s socialists, unions, the education establishment, the banks, Wall st., The media, and a good portion of Rino republicans behind her.
It's correct to point out Obama's worst-yet economy but it has been decades since the old days of business cycles resulting in a larger economy.
I created a "graph" from the Bureau of Economic Analysis' national income and product accounts (NIPAs) Table 1.5.2. Contributions to Percent Change in Real Gross Domestic Product, Expanded Detail (both annual and quarterly). Though crude it shows that the economy recovered and grew in the past but no longer does that. Yes we all know that; but here is a "picture" literaly backed by Table 1.5.2 numbers.
Table 1.5.2 data are there but you have to hover the columns to see the data behind the simple color and symbol codes.
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