There are lots of clear solid numbers that show how bad econ policy has been, but thei is what the article boiled it down to.
We got a big swamp to drain.
There are lots of clear solid numbers that show how bad econ policy has been, but thei is what the article boiled it down to.
We got a big swamp to drain.
All I can say is many of my friends’ work has picked up where I’m at or they’ve found jobs. People at least have better hope than they ever I’d under Obama.
All I can say is many of my friends’ work has picked up where I’m at or they’ve found jobs. People at least have better hope than they ever did under Obama.
So Obama’s recovery is Fake News, who would have thought?
When this market turns, and it will, Trump will get all of the blame.
How much money was wasted in Africa and Asia? And for what?
Read this later
If I understand it correctly, the GDP is based on three legs:
1 Government investment
2 Business investment
3 Consumer spending
So if Business and Consumer spending are in recession levels, all they have to do is a big “stimulus” spending bill and voila! GDP is magically in recovery! Hurray!
Only, it isn’t. They take MORE money out of the economy to return to the economy, OR, they borrow more money on the credit card. Meanwhile, business and consumer spending are still in recession, and will continue to be longer than if the government had done nothing.
I look for this game to hit a few speed bumps under Trump, and he will be blamed for it. We’ll hear “Trump recession” a million times.
Gee—Now that Obama isn’t an ongoing threat, and blame can be shifted to Trump, we’re starting to see more accurate reporting.
Schmucks.
Mr. Obama has been a HUGH FAILED LEADER.
Those of us who have paid attention and have no reason to try to prop up or idolize our first black president are aware that the economy has been flat.
What I saw happen is that the financial news was full of hope for the first couple of years after Obama was elected. They kept talking about “green shoots” as if everything was poised to take off. Never mind that Obama did not have a single policy that would have fueled an economic surge; all he did was massively increase the national debt—an economic weight that holds everything down.
When the economy kept failing to skyrocket as the liberal financial reporters kept predicting, they quietly dropped the predictions and just began writing as if the economy was good, regardless of its actual condition. But people who paid attention and read between the lines could still see the truth.
I saw it in my daily commute. The freeway that I took to work used to have a traffic jam 4 days out of 5 at one particular section during the Bush years. I moved out of the area for 3 years, and when I came back in 2011, that same stretch of freeway hardly ever had a traffic jam. From being congested in that stretch 4 days out of 5, it dropped to having congestion maybe 1 day out of 10. And throughout Obama’s administration, the traffic never got worse—meaning that people who had lost their jobs remained unemployed, that truckers were carrying fewer goods along the logistical routes—all of which causes decreased traffic.
I look forward to the Trump recovery (but not the recovery traffic).
You mean it was/is “Fake News”, it’s about time IBD stopping repeating the lie. Maybe no IBD will get honest about unemployment, inflation and other fake news.
I know for a fact there has been no “recovery” in my area. The growth, what little there has actually been over the last 8 years, is about equivalent of what I saw in a single year when I first got here over a decade ago. The only job growth has been in part time jobs. Salary growth is virtually non existent. Recovery? My lily white backside.
Anemic growth with a trillion dollars in deficit spending every year is closer to no growth at all.
The media and Obama sycophants are still lauding him and trying to give him credit, especially for the current 4th quarter gains. Those gains seemed to really start around November 9. Go figure.
They may laud Obama on his way out, but history won’t be so kind to his legacy. He will be near or at the bottom with Carter. Carter only screwed stuff up for one term; Obama has had two.
If/when Trump and Congress finish off Obamacare and reverse many of the Obama EOs the courts haven’t nullified, Obama will basically have no legacy. His domestic policies were a sham and his foreign policy left many areas in shambles.
We are about 43 days away from reversing the Obama fundamental transformation of America [into a 3rd world cesspool].
Shocked, yes shocked
Actually means there’s more room for growth now in the Trump boom.
As recently as Oct. 11, less than a month before the election, the online publication The Hill ran this headline: “Obama’s economic legacy ensures Democrats decades of success.” No kidding. But it’s a bit unfair to single them out: Others have run with similar themes. The point is, it’s not true.