Obama turned the economy around despite the GOP fighting him all the way. Fed policy (which republicans were against) and some spending saved us. Thank goodness we didn't cut spending and the Fed operates independently or we would have really been in trouble.
<blockquote class="twitter-tweet" lang="en"><p lang="en" dir="ltr">Haters gonna hate <a href="https://t.co/0Gz6Qj1j3v">pic.twitter.com/0Gz6Qj1j3v</a></p>— Artur Adib (@r2r) <a href="https://twitter.com/r2r/status/684886099060244480">January 6, 2016</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
<blockquote class="twitter-tweet" lang="en"><p lang="en" dir="ltr">US employers added 292,000 jobs in December. <a href="https://twitter.com/OliviaSterns">@OliviaSterns</a> reports now <a href="https://twitter.com/hashtag/NBCNightlyNews?src=hash">#NBCNightlyNews</a> <a href="https://t.co/BLGyFVDQi0">pic.twitter.com/BLGyFVDQi0</a></p>— NBC Nightly News (@NBCNightlyNews) <a href="https://twitter.com/NBCNightlyNews/status/685606172200665089">January 8, 2016</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
Presidents Obama, Bush, Clinton, Bush, Reagan, Carter, Ford, Nixon, LBJ, JFK, Eisenhower, Truman, FDR... should not receive credit or blame for the state of the economy during their administration in most instances. It simply does not make sense.
Oh, is he taking credit for pulling the troops out and abandoning Iraq allowing ISIS to spread? I thought we were blaming Bush for that.....
I don't know. There are absolutely outside factors out of their control, but they do have major plays that should impact the economy. Pumping nearly 1 Trillion into the economy is a major play. Cutting nearly 2.1 trillion in taxes is a major play. Running two wars is a major play... There has been good correlation of stronger economic growth over the past few decades with a D in the oval office vs a R.
While I sort of agree, when you have an opposing party that predicts economic doom and gloom from day one (in the middle of a recession nonetheless) you can fully expect that they're probably going to have it shoved in their faces when the opposite ends up happening.
This is like a James Harden highlight reel. Not a full picture of what's going on. Torture, undeclared wars, bombing a charity hospital, selling LOADS of weapons to tyrants who are holding their citizens and other people hostage, supporting Saudi Arabia to head the human rights council, regular execution of political targets and any nearby civilians, keeping troops and mercenaries in Iraq, continuing the policies which eventually led to ISIS, erasing a country from the face of the earth (Libya), dramatically increasing surveillance even on allies and his own voters and citizens, gave historically huge bailouts to rich friends of his cabinet, did nothing to prevent it happening again, and of course continuing to increase war spending despite it starting to increase terrorism in the homeland. That's just off the top of my head. He's been much better than anyone recently for sure, but it's nothing to cheer about in a country full of bright minds with great ideas. He's fantastic at hiding his screw ups. America can do much better, though I'm not sure a better candidate exists in this piss poor 2016 race.
I actually doubt America deserves or could possibly have better. Given the amount of political polarization and magnifying glass placed on the smallest issues, he's done a fairly impressive job of getting something done. Nobody is pitching a no-hitter in todays political environment. I'll take his quality start after Bush's last term.
Can we now all lampoon bigtexx for his complete and utter fail? Or will he try to somehow convey that UE under 5% is somehow a bad thing?
Oh I agree- but if the one side is going to play the "Obama caused 10% UE!!!" , then we're going to put this into play as well. But you're absolutely right.
We could, and he certainly deserves it, but his response would be something akin to, "All you can do is make personal attacks. FAIL." A reply with substance would be totally out of character. Admitting that he was wrong? Pigs will fly before that happens.
What does it feel like to be owned so bad by me? LOL. Just lol. To address substance - UE rate is a much less impactful metric vs times gone by. Think more deeply, and assess labor participation rate and wage growth. Also, think about trying to tie Obama's actions to some kind of positive job metric. You'll likely find that the economy has been driven by low interest rates from the Fed, rather than anything Obama has done.
Hmm, here's an opportunity for you to think more deeply. What factors have had the biggest impact on labor participation rate? Perhaps, changing demographics, such as the baby boom? Aged people leaving the work force at a higher rate than in the past? Increasing college attendance? Women leaving the workforce? Perhaps these are factors one must look at more deeply rather than blaming any one President? In fact, isn't it likely that the change in the labor participation rate would have happened regardless of who was President? btw, wages have been rising... up 2.5% over the past 12 months.
http://www.factcheck.org/2015/01/obamas-numbers-january-2015-update/ Jobs, paychecks, corporate profits and stock prices have all improved since our last report on the Obama statistical record. Some highlights: The economy has now gained nearly five times more jobs under President Barack Obama than it did during the presidency of George W. Bush, and the unemployment rate has dropped to just below the historical average. Real weekly earnings are up 1.7 percent, thanks in part to a plunge in gasoline prices. Corporate profits have nearly tripled, and stock prices have soared. More at the link...
It definitely would have - as has been noted, Obama has failed, and is still failing, to meet Willard Mitt Romney's target of 6% unemployment. At least Mitt was honest in promising that he would drag us down.
Whether you think the Obama administration helped/caused or simply didn't get in the way....you really need to be purposely blind to not admit the economic turnaround is astounding. Even if you insist the starting point was abnormally low...the ending point is impressive by most credible standards. which is what makes the Trump/Bernie popularity a bit counter-intuitive. The two 'lets blow it all up' candidates.
