Flashback

The Economic Wreckage Left By Obama

It is now certain that President Obama will be the only U.S. president in history that did not deliver a single calendar year of 3.0%+ economic growth, and the fourth-worst in history in terms of average RGDP growth while in office.

So this is the legacy the president and his press-ubiquitous claque are clangorously raising heavenwards like a messianic effigy. A depression was avoided by doubling 233 years of accumulated national debt in seven years to get an annual economic-growth rate of 1%, as 15 million people have dropped out of the work force. -Conrad Black Go To Site

As late as June 2016, the Obama administration was forecasting that real GDP would climb 2.2% for the year. Actual growth for 2016 was 1.6%, according to the Bureau of Economic Analysis.

   The latest numbers mean that Obama's economic forecasters missed their growth targets every year that he was in office...

   In dollar terms, if Obama's recovery had merely been average, the nation's GDP would be $2.4 trillion bigger. That translates into $19,000 in lost income per household. -IBD Go To Site

As of the first quarter of this year, the U.S. economy is nearly 15 percent bigger than when the president took office in 2008, adjusted for inflation. That gain is slightly less than his predecessor, George W. Bush, and roughly half the GDP gain in percentage terms during the Reagan administration. -John W. Schoen Go To Site

Only two of the thirty recoveries since 1870 have been this lackluster: Franklin Roosevelt's and Barack Obama's. During the administrations of both men federal spending skyrocketed and economic paralysis set in.

  Roosevelt's New Deal brought about a "tectonic shift" that made government more involved in the economy. Roosevelt's barrage of new laws, tax increases, and regulations was unequaled until President Obma. -Charlotte Hays Go To Site

Democrat, Liberal, Incompetence, Obama, Financial, Oops, Economy

Barack Obama enters the final two years of his presidency with a blemish on his legacy that looks impossible to erase: the decline of the middle class he has promised to rescue... Federal Reserve survey data show families in the middle fifth of the income scale now earn less and their net worth is lower than when Obama took office.

Democrat, Liberal, Incompetence, Obama, Financial, Oops, Economy

[Aug 2016]: More young U.S. adults live with their folks, Cohn says, and that doesn’t include those still studying. Among Americans aged 25- to 29 in 2014, 31% were part of multigenerational households. The share and number of 18- to 34-year-old adults living with parents surpassed other living arrangements in 2014 for the first time in more than 130 years.

Democrat, Liberal, Incompetence, Obama, Financial, Academia

According to the College Board, the average cost for tuition, room and board at four-year colleges and universities has increased 28 percent during Obama’s presidency. The average cost of tuition, room and board at private four-year colleges and universities has increased 27.89 percent — from $31,993 during the 2008-2009 academic year to $40,917 this year.

Ronald Reagan Vs. Barack Obama

Labor Participation

Democrats, you suck by association.

Image: Powerline

Has anyone in history driven as many people out of work as Barack Obama? Certainly not in the United States... In all likelihood, if you need to work for a living, Obama’s presidency has been a tough time for you, if not a disaster. -John Hinderaker

Reagan Vs. Obama GDP Growth

Gross Economic Incompetence

Image: Powerline

The reality, however, is that the current recovery is the weakest of modern times, as economic growth, after more than five years of Democratic Party policies, stands at near zero.-John Hinderaker

Reagan Vs. Obama Jobs Growth

Gross Economic Incompetence

Image: Powerline

The Senate Budget Committee offers the following three charts, which show how the Obama administration’s government-centric policies stack up against the Reagan administration’s free enterprise approach, which brought the United States out of a similar recession, but one that also included runaway inflation. -John Hinderaker

Democrat, Liberal, Incompetence, Obama, Financial, Oops, Economy

[Dec 2015]: The nation's middle class, long a pillar of the American economy, has shrunk to the point where it no longer constitutes the majority of the adult population, according to a new major study.

  Rapid growth of upper-income households, coupled with an increase in less-educated, low earners, has driven the decline of the middle-income population to a hair below 50% of the total this year, the Pew Research Center reported Wednesday.

[Jul 2016]: The incomes of the 1 percent grew 37 percent between 2009 and 2015. They captured more than half of all the income growth in the country over that period, leaving just 48 percent to spread out among the bottom 99 percent of families. The top 10 percent of American earners took home more than half of all income last year, the highest share ever except for 2012.

  And in fact, income inequality is now at the highest level the country has ever recorded in its entire history. -Bryce Covert Go To Site

Democrat, Liberal, Incompetence, Obama, Oops, Economy

New income data from the Census Bureau reveal what a great job Barack Obama has done for the middle class as President. During his entire tenure in the oval office, median household income has declined by 7.3%. In January, 2009, the month he entered office, median household income was $54,983. By June, 2012, it had spiraled down to $50,964. That’s a loss of $4,019 per family, the equivalent of losing a little less than one month’s income a year, every year.

Democrat, Liberal, Government, Incompetence, Obama

One of the world's leading credit rating agencies, Standard & Poor's, has downgraded the United States' top-notch AAA rating for the first time ever.

Democrat, Liberal, Incompetence, Obama, Financial, Economy

The economic stagnancy of the Obama years is to blame for plummeting life expectancy rates among white, working-class Americans, according to former president Bill Clinton, who privately told Democratic donors that lower-income whites “don’t have anything to look forward to when they get up in the morning.” Clinton made the remarks while speaking to at a November 2015 closed-door fundraiser for Hillary Clinton in Canton, Ohio.

Our children will pay. Thanks BO

Obama Doubles The National Debt

The federal debt has increased by $4.212 trillion--more than the total national debt of about $4.1672 trillion accumulated by all 41 U.S. presidents from George Washington through George H.W. Bush combined.

Flashback

Black People Went Backwards Under Obama

Tavis Smiley: 'Black People Will Have Lost Ground in Every Single Economic Indicator' Under Obama.

Flashback

Income Inequality Grew Under Obama

The incomes of the top 20% have still been rising under Obama. But the incomes of everyone else, the bottom 80%, have been falling! -Peter Ferrara

Homelessness Increased Under Obama

Homelessness Increased Under Obama

"If it feels like there are people living on the streets and under bridges everywhere you look, it’s because there are."

Keep away from my family, Messina.

The Legacy Of Obamacare

On Friday night, President Obama said on ABC’s 20/20 that Obamacare will be a "legacy" he is "extraordinarily proud of."

Well THAT didn't work.

A Failed Stimulus Plan

Sen. Michael Bennet’s recent appearance in Greeley, Colorado is sure to set political tongues wagging–Bennet is quoted as saying that though trillions of dollars of Federal debt has been incurred through spending since he was appointed to the Senate in January of 2009, "we have nothing to show for it".

We've had 40 straight months with unemployment over 8 percent. More than 23 million Americans are unemployed or working less than they would like. Unemployed Americans now spend an average of nearly 40 weeks looking for work. That's the equivalent of losing your job on New Year's Day and not working again until October. Meanwhile, President Obama recently offered his opinion that the private sector is doing fine. Go To Site

The U.S. has fallen from the 6th freest economy in the world, when President Barack Obama took office, to 11th place in 2016. America’s declining score in the index is closely related to rapidly rising government spending, subsidies, and bailouts. Go To Site