Posted on 12/21/2016 11:41:51 AM PST by mdittmar
WASHINGTON (AP) -- He was a first-term senator-turned-president, a former law professor with little experience in economics or management. When he entered the White House he had one essential task: piece together the shards of a shattered U.S. economy.
It wasn't smooth and it wasn't fast. But President Barack Obama will leave behind, by most measures, an economy far stronger than the one he inherited. Unemployment is 4.6 percent, a nine-year low. Stocks keep setting highs. An additional 20 million Americans have health insurance coverage. The nation has shifted toward cleaner energy sources: natural gas, wind and solar.
(Excerpt) Read more at hosted.ap.org ...
https://data.bls.gov/timeseries/LNS11300000
Labor force participation rate:
>"Stocks keep setting highs."
I'm sure the author is including the stock market highs after Trump won the election. Misleading, and surely intentional.
"An additional 20 million Americans have health insurance coverage."
Let's not be too hasty: http://www.forbes.com/sites/robertlaszewski2/2015/08/17/has-obamacare-really-reduced-the-uninsured-by-16-million-and-continued-to-show-strong-growth/#2597a3815cb4
"Overall, that is 949,934 steps forward and 1.3 million steps backward for the federal Obamacare exchange enrollment."
Thank you, Obama!
Obama has proven once and for all that government stimulus does not work.
Conservative Treehouse has started a speculative series on the two track economy, Wall Street and Main Street:
https://theconservativetreehouse.com/2016/12/17/a-third-dimension-in-american-economics/
The link is to the first installment of the series. A second was posted today.
As I indicated in my post.
yes... Obama did such a great job that he was rejected.
What figures did they cite to show the economy ‘healed’?
The $20Trillion debt? The 40 million on food stamps? The record number unemployed? The record number of years with growth less than 2%? (3% used to be considered the ‘bad’ point)
And just what country are they talking about?! It sure as hell isn’t the United States!
The UNEMPLOYMENT number is totally fictitious & Obama knows it. The real number of closer to 15% & more. His administration no longer releases the NEW weekly UNEMPLOYMENT claims. Hasn’t for months.
THE DOW is soaring because TRUMP was elected instead of Shrillary!!!
Many people who were on the extended unemployment benefits years ago—under Obama—have been put on SSDI or SS because they were older & Obama decided they couldn’t get a new job. That inflated those recipient numbers & depleted the SSDI funds.
OBAMACARE is killing the health industry.
Obama can no pass a 51-50 test, even if it is administered by a Imam.
He is totally delusional. Does he have to take a driver’s test after he gets out of office? Does he have to prove he is a CITIZEN to REGISTER TO VOTE under Trump’s new rules???
I am pretty sure that he cannot prove he is an American citizen, eligible to vote.
That would certainly be the cherry on the top of the banana split!!!
LIE. The Obama administration has been cooking the books on the economy since day one.
"Unemployment is 4.6 percent, a nine-year low."
LIE. 95 MILLION able bodied Americans are out of work, and have given up seeking gainful employment. MILLIONS more are working two and three part time jobs, just to stay alive. MILLIONS more are underemployed, doing jobs that pay less than what they're qualified for.
The truth is, this economy is in a shambles, and the country is now shouldering ten trillion dollars more debt because of the incompetent fraud, Obama.
It's why Trump was elected!
For eight years, the private sector was under attack. Energy, its lifeblood, choked off, capital formation and savings discouraged by Fed policy and Dodd Frank, employers and entrepreneurs vilified in conversation, culture, and policy, The employment contract was interfered with by political correctness and Obamacare.
The people who produce, and who sign all the checks, became the declared enemy of tax and regulatory policy under Obama and the Democrats.
No way this economy could have “healed”. It could only struggle to crawl, coughing, sputtering and spitting up blood.
Door gunner. Can you point me to the linke for this graph? I just get photobucket.com
Thanks.
Best. Economy. EVAH! Thanks, Obama.
“... a former law professor ...” -—> FAKE NEWS!
Nice presentation. What is your source?
The New York Times at least tried to be balanced by publishing the rare criticism.
Dont buy the lie that Obamas leaving behind a healthy economy
http://nypost.com/2016/12/07/dont-buy-the-lie-that-obamas-leaving-behind-a-healthy-economy/
False News.
One lies, and the other swears to it.
Yeah with more people unemployed than ever before and fewer in the workforce than the late 70's.
0bama's economic achievements are a giant turd bowl of lies and false news.
Except that “Fake News” is really not AKA “Published Lies” as the Left would have people believe.
Fake news implies a subjective opinion about whats being said. Gives them “wiggle room” which they’re always looking for (because they’re snakes). “Fake news” can be argued based on personal opinion about relevancy, professionalism, etc.
A published LIE is an objective standard comparing what was said with the facts. A lie isn’t based on personal opinion but whether what was published as true was actually an objective fact. What happens in a court of law regardless of personal opinion. The Left does not want people to go there. Actually has something to do with the truth, something the Left wants nothing to do with.
We should judge the Lying Left and their Media Minions based on the standard of LIES, not on their standard of “fake news”.
Fake News Warning
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