Tuesday, December 13, 2016

State of the US economy, 8 years

Market Watch/Brett Arends, Columnist, 12/11/16.  "Opinion:  Here's the verdict on that 'terrible' Obama economy."

.... ... "I’ve compared the third quarter of 2008 — just before Obama’s election — with the third quarter of 2016. (I’ve included links to the data, although Trump’s tinfoil army, most of whom wouldn’t know an actual source if it hit them over the head, will just cry conspiracy theory, as usual.)
The Obama Economy

Third-quarter 2008 Third-quarter 2016 Verdict
Gross domestic product (2009 dollars) $14.892 trillion $16.713 trillion Up 12%
30-year mortgage loan rate 6.46% 3.54% Nearly halved
Nonfarm payrolls 136.3 million 145.0 million Up 8.7 million
Uninsured (health) 45 million 27 million Down 18 million
Exports (2009 dollars) $1.766 trillion $2.163 trillion Up 22%
Un- and under-employed rate (U6) 11.8% 9.5% Down 20%
Median household income $50,303 $57,929 Up 15%
Manufacturing output per worker (2009 dollars) $382,977 $436,776 Up 14%
Dow Jones Industrial Average 9,319 18,332 Nearly doubled
Not bad. Especially as we were just plunging into the worst financial crisis since the Great Depression.  ....  Now read: U.S. jobless rate hits 9-year low of 4.6% in November."   Read more.

Posted by Kathy Meeh


Anonymous said...

No worries, Ms. Meeh. President Obama is going to look really good after a few years of Trump. If we survive. The idea of Trump, a tainted, amoral, draft-dodging grifter, posing as President in the same White House as Adams, Jefferson, Lincoln, Teddy Roosevelt, FDR, Truman, Eisenhower, Kennedy, Reagan and Obama is disgusting. Humbling that even this great country has its shameful moments. We'll just have to wipe off our shoes and carry on!

Anonymous said...

Then explain to me why we are 20+ trillion in debt?

Anonymous said...

8:06 Gee ... could it be Frat Boy "W"s war crimes in Iraq and Afghanistan that were'nt put on the books until Obama came into office?

Anonymous said...


Nothing but excuses!

Anonymous said...

1238 You asked a question, you got a pretty good answer. That it isn't the one you so desperately want, reflects your need to mold facts to fit your anti-Obama narrative. Confirmation bias. Perfectly human, but not truth-seeking behavior.