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
5 comments:
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!
Then explain to me why we are 20+ trillion in debt?
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?
9:19
Nothing but excuses!
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.
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