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State Of The Union: Are You Better Off Than You Were 7 Years Ago?
Investors Business Daily ^ | 01/12/2016 | Editorial

Posted on 01/13/2016 2:43:17 AM PST by expat_panama

State Of The Union: After seven years in the White House, how does one measure Barack Obama's success as president? How about by the standards he set for himself in his first State of the Union address?

Obama gave his eighth and final SOTU address after we went to press. But we're on safe ground predicting that he spent a good chunk of it praising himself.

I saved the country from a second Great Depression! Saved the American auto industry! Extended health insurance to 19 million people! Took on climate change. Made the world a safer place!

Those are all dubious claims that we've repeatedly debunked. But beyond that, our 44th president has a funny way of resetting the bar — always lower — so he can claim to have leapt over it.

Yes, there are 9.3 million more jobs today than in January 2009, but there are 17.2 million more people than when Obama took office, which means that the economy has created only about half the jobs needed just to keep up with population growth.

Real median household income is lower than it was in January 2009. The number of people in poverty...

[snip]

Racial divisions...

[snip]

Obama said he would end the day when the country "managed to spend more money and pile up more debt" without solving problems. Since then, he added more than $8 trillion in debt and leaves a mountain of problems unsolved.

He said he'd vastly improve education in the country, but math and test scores have been falling over the past two years. Graduation rates are up, but they were climbing under Bush as well.

One thing that Obama has unquestionably achieved in office is to lower expectations of what a successful presidency means.

(Excerpt) Read more at news.investors.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: economy; government; investing
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1 posted on 01/13/2016 2:43:17 AM PST by expat_panama
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To: All
Related thread:  Hillary's Tax Scheme Helped Spook Investors
2 posted on 01/13/2016 2:53:49 AM PST by expat_panama
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To: expat_panama

The entire country’s hanging by a frayed thread after 7 years of this bozo, if that answers anything.


3 posted on 01/13/2016 2:55:48 AM PST by Rastus
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To: expat_panama

ANYONE who claims they are better off today than seven years ago is either insane or works for the government (the two are not mutually exclusive).


4 posted on 01/13/2016 3:10:31 AM PST by raybbr (Obamacare needs a deatha panel)
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To: expat_panama

Bugger.


5 posted on 01/13/2016 3:11:20 AM PST by Lion Den Dan
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To: raybbr

Or just received an inheritance.


6 posted on 01/13/2016 3:19:33 AM PST by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith...)
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To: expat_panama

NO!

There was a State of the Union address?


7 posted on 01/13/2016 3:29:34 AM PST by AFreeBird
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To: expat_panama

He drones, on and on about how bad politics have become. That Lincoln or Roosevelt with their gifts might have been able to heal the divide that has only gotten worse.

I don’t think Lincoln would have created a riot Czar, AL Sharpton, and sent him in and out of the white house to start riots. Maybe respecting other Americans was above Mr. Obamas abilities as a human being, raised in the islamic world with an Islamic father and step father. Piss be upon him and his prophet who rots in hell.


8 posted on 01/13/2016 3:35:11 AM PST by PA-RIVER
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To: expat_panama

Portfolio is up about 19% because of me, and despite Obama.


9 posted on 01/13/2016 3:43:18 AM PST by catfish1957 (I display the Confederate Battle Flag with pride in honor of my brave ancestors who fought w/ valor)
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To: raybbr

That is NJ in a nutshell; companies and their workers are fleeing as our government worker caste sucks us dry. As real jobs leave, our government workers are our upper middle class - and practically the only Americans breeding.


10 posted on 01/13/2016 3:43:33 AM PST by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: catfish1957

Nothing drives up stock prices like dumping their American workers; the stock market is inversely related to Americans’ standard of living.


11 posted on 01/13/2016 3:44:38 AM PST by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: raybbr
ANYONE who claims they are better off today than seven years ago is either insane or works for the government (the two are not mutually exclusive).

I'm up 19%,because of my ability to invest, and navigate around Obama's idiocy.

12 posted on 01/13/2016 3:46:54 AM PST by catfish1957 (I display the Confederate Battle Flag with pride in honor of my brave ancestors who fought w/ valor)
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To: kearnyirish2
Nothing drives up stock prices like dumping their American workers; the stock market is inversely related to Americans’ standard of living.Partly true. But what was I suppose to do.... Lose money on purpose?Don;'t forget there are other financial vehicles besides stock.
13 posted on 01/13/2016 3:49:46 AM PST by catfish1957 (I display the Confederate Battle Flag with pride in honor of my brave ancestors who fought w/ valor)
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To: expat_panama

There was a SOTU last night, totally could care less but I usually know when such events take place.

Honestly I don’t care for that crap, especially from Obama because he talks down to people like an insecure professor who should be working at the fry cooker instead but is given authority over undergrads.


14 posted on 01/13/2016 3:50:29 AM PST by junta ("Peace is a racket", testimony from crime boss Barrack Hussein Obama.)
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To: catfish1957

I’m not criticizing the investment vehicle, just explaining (partially) why many stocks are doing so well. They’ve been chopping costs (us) for years.


15 posted on 01/13/2016 3:52:11 AM PST by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: raybbr

In one respect I am, at least on paper than I was seven years ago.

Seven years ago I was in a horrible low paying state job with a PHB-ette psycho boss. After many ups and downs leaving there, I landed a contract job at a factory that turned into the best paying job I ever had.

Taxes and other ripoffs of course take their heavy toll.

In most other respects I am no better just like most real people.


16 posted on 01/13/2016 3:52:46 AM PST by wally_bert (I didn't get where I am today by selling ice cream tasting of bookends, pumice stone & West Germany)
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To: kearnyirish2

I don’t know. I see all the newborn’s listed in the Sunday paper. A majority of them are born to parents with differing last names. The listed careers of the parents aren’t predominately government. If they even have one. Don’t know about where you live or if it’s just a location thing, but we have our share of government in NY for sure.


17 posted on 01/13/2016 4:04:47 AM PST by Kudsman (Restore the Republic, repeal the 17th.)
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To: Kudsman

I’m in northern NJ; it seems anyone with multiple children is either a government worker or on welfare (instead of workfare).


18 posted on 01/13/2016 4:09:03 AM PST by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: raybbr
ANYONE who claims they are better off today than seven years ago is either insane or works for the government (the two are not mutually exclusive).

I imagine there are some who did pretty well. Vultures feeding on the corpses.

19 posted on 01/13/2016 4:12:43 AM PST by tacticalogic ("Oh bother!" said Pooh, as he chambered his last round.)
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To: Kudsman
A majority of them are born to parents with differing last names.

I can remember 50 years ago when something like that would be jaw dropping, scandalous, and met with whispers.

Maybe the most telling example of how badly morals have fallen in the past couple generations.

20 posted on 01/13/2016 4:14:17 AM PST by catfish1957 (I display the Confederate Battle Flag with pride in honor of my brave ancestors who fought w/ valor)
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