THE LIES OF A DOOM AND GLOOM CANDIDATE TRUMP Despite the bleak picture of a destroyed middle class that presidential candidate Donald Trump has painted (LIE) the American middle-class family is doing pretty darn well. Compared to 2014, you might even say great ..yet still Donald Trump has made inroads by claiming an economy of doom and gloom appealing to working class and middle class voters frustrated by their economic prospects . To counter the improvements in the Obama economy says (LIE) the information we get about the US economy is a sham. Plus, his supporters tend to feel more economic anxiety, even though theyre generally better off than non-supporters Todays data suggest that America isnt quite the hellhole of drudgery that Trump insists it is . GAINS UNDER PRESIDENT OBAMA ECONOMY Household income rose 5.2 from last year and the Census bureaus report revealed that the gains last year were both broad and deep ..The median households income in 2015 was $56,500, up 5.2 percent from the previous year the largest single-year increase since record-keeping began in 1967 . Notably, lower-income households saw the largest income gains in percentage terms and thus their real household incomes rose 7.9 percent for households in the 10th percentile and 6.3 percent for those in the 20th percentile .. the largest single-year increase since record-keeping began in 1967 . As VP Joe Biden observed, The benefits of closing in on full employment disproportionately flow to the least advantaged. But last years income gains do not fundamentally alter the economys long-term trajectory. Growth remains slow despite the Federal Reserves campaign to stimulate the economy The economic recovery, however, remains incomplete. The median household income was still 1.6 percent lower than in 2007, adjusting for inflation. It also remained 2.4 percent lower than the peak reached during the boom of the late 1990s . But more than 18 million new private sector jobs have been created in the same period of time . In addition more Americans have jobs in history . And fewer people are in need of Unemployment benefits . since President Obama took office in 2008 And the number of unemployed persons was essentially unchanged at 7.8 million. US unemployment rate was reduced to 4.9 percent in June 2016 after falling by 0.3 p.p. to 4.7 percent in the previous month . And from a high of over 10% when Bush left office in 2008 . And job loss of over 750 thousand jobs lost per month to and reversed to and average monthly increase of new jobs of 175,000 since 2008 Employers added more than three million jobs as the unemployment rate fell last year . and families in rural areas were one of the few demographic groups that saw their income decline between 2014 and 2015. Nearly all the gains came in cities. Looking just at major urban areas, the increase in income was a truly stunning 7.3 per cent .. Total adjusted gross incomethe last line on the front page of a Form 1040 tax returnwas almost $9.8 trillion, up 5.7 percent over 2013 after adjusting for inflation . The economic progress is forecasted to continue . Additional benefits of an improving economy is the increase in revenue will reduce the amount of the federal governments budget The share of Americans living in poverty also posted the sharpest decline in decades . We lifted three and a half million people out of poverty, the largest one-year drop in poverty since 1968, President Obama said on Tuesday at a rally in Philadelphia for Mrs. Clinton. The uninsured rate is the lowest since they began keeping records. The pay gap between men and women shrank to the lowest level on record, The number of people living in poverty also remained elevated, although it shrank last year by about 3.5 million, or roughly 8 percent Last years gains by lower-income households were not enough to shift measures of income inequality. And Obama economic policies has reduced the number of families on welfare and requiring food stamp assistance an additional benefit/savings from the Obama economic programs ..but leaving more improvements to increase the economys well-being to be sought The gains were an important milestone for the economic expansion that began in 2009. For the first time in recent years, the benefits of renewed prosperity are spreading broadly since the great recession of 2008 .. The Census Bureau also reported that the share of Americans with health insurance continued to increase. It said that only 9.1 percent of the population had no health insurance last year Also Medicaid programs in 2015, taking advantage of increased federal funding under the Affordable Care Act . and has reduced the costs of health care which will save the government over 600 billion dollars over 10 years......... And private sector coverage also increased as companies hired more workers and offered them better benefits . Along with reducing cost of operation making their products more completive on the world market ..thus reducing the monthly trade deficit .. And gas is $2.00 per gallon...... and is in sharp contrast to Trump the con man's view of the US economy (lies) which the Donald is painting SEE: http://qz.com/780475/us-census-bure...se-in-history-in-2015-rising-5-2-almost-3000/ http://www.nytimes.com/2016/09/14/b...ousehold-income-poverty-wealth-2015.html?_r=0 http://www.census.gov/content/dam/Census/library/publications/2016/demo/p60-256.pdf https://www.washingtonpost.com/news...st-year-since-the-end-of-the-great-recession/ http://topics.nytimes.com/top/news/...ics/medicaid/index.html?inline=nyt-classifier http://topics.nytimes.com/top/refer...ons/c/census_bureau/index.html?inline=nyt-org http://www.nytimes.com/2016/09/14/b...sus-household-income-poverty-wealth-2015.html http://topics.nytimes.com/top/refer...ons/c/census_bureau/index.html?inline=nyt-org http://www.thedailybeast.com/articl...-americans-are-finally-making-more-money.html http://www.investopedia.com/terms/a/agi.asp http://www.latimes.com/business/la-fi-household-incomes-poverty-20160913-snap-story.html http://www.usatoday.com/story/money/2016/09/13/us-household-income-rises-2015/90302206/ https://www.whitehouse.gov/blog/2016/09/13/income-poverty-and-health-insurance-united-states-2015 http://www.newyorker.com/business/currency/good-news-were-as-rich-as-we-were-in-1998 http://www.vox.com/2016/9/13/12903236/census-data-richer-cities
Looks like an interest rate hike comin'... Data shows U.S. economy strengthening on eve of Trump presidency Nov 23 2016 | WASHINGTON - New orders for U.S. manufactured capital goods rebounded in October, driven by rising demand for machinery and a range of other equipment, the latest indication of an acceleration in economic growth early in the fourth quarter. See also: Fed policymakers confident of need for rate hikes on eve of Trump win Nov 23 2016 | WASHINGTON - Federal Reserve policymakers appeared confident on the eve of the U.S. presidential election that the economy was strengthening enough to warrant interest rate increases soon, minutes from the Fed's Nov. 1-2 meeting showed.
the obama economy is booming all right. mmmm Taco Bell http://nrn.com/workforce/taco-bell-create-100000-jobs Over the next six years, the Irvine, Calif.-based quick-service chain expects to add 100,000 new jobs. An estimated 40,000 people are currently employed at company restaurants, and another 170,000 employees work at franchised locations.
The economic "boom" has been little more than a business cycle going through its algorithm, aided by trillions of imaginary dollars pumped out by the Federal Reserve System and other central banks, primarily throughout the Western World. The bankers have simply created a gigantic "fraud balloon", much like the one it replaced, but even bigger. When the next collapse occurs, it will be worse. But, in fairness, it WON'T be Obama's fault, or "W" Bush's fault (the two deer-in-the-headlights morons who simply stood by and let the Fed overturn every rule of free enterprise capitalism that existed prior to mid-2007). As the Great Recession was beginning, Bernanke and Hank Paulson put on their witchdoctor's masks and told Bush that the entire economy of the world was going to collapse if he didn't stand aside and let them rescue all these "too-big-to-fail" banker criminals and 'insurance' fraud artists. It was all bull(*)(*)(*)(*), of course. The greedy, deceitful idiots who caused the problems would have gone bankrupt, the assets would have changed hands, and the economy would have recovered quickly, in a real way, that didn't involve having to "rescue" anybody. Obama? He never was on the "inside". His shallow, docile mind was never intended to create, promulgate, or implement real fiscal policy. No, they just needed a pretty, politically-correct face to run the Welfare State and keep the "cattle" from kicking over the corral while the bankers inflated their fraud balloon. It has worked... for the time being... with the exception of Obamacare -- a genuine Obamanite, radical Democrat creation. And, we see exactly how well that has worked for America.... . . "George? Barack? Did either of you ever take Economics 101...?"
yeah sooner then later when it pops or melts down a HELL war will break loose finger pointing at every one that has been in charge.
as you see italy is hot in debt just wait for DEC 4th vote https://www.poundsterlinglive.com/e...rendum-likely-to-be-a-game-changer-for-europe that could get that HUGE ball a rolling fas down hill fast!
Trying to make the Obama economic record look pretty is just putting lipstick on a pig. Too many taxes. Too much regulation.
It's just another article that uses only positive statistics to try and frame a point of view. In reality, all you have to do is look around. But, as with many arguments, the left don't want you to look around. They want you to accept what your told as fact. Welp, there's a reason Donald won on the message of 'the country is going down the (*)(*)(*)(*)ter'.... because most of America agrees with that message.
Well your first mistake is that Presidents do not singularly control the economy. The Democrats, including Senator Obama, took control of the congress and the budget the major control of the government in 2007. The Republicans took back that control in 2014. So go back and adjust your numbers as to who was in control of the government in the various years. And tell me exactly what Obama did to be attempting to take credit for any gains we FINALLY have had after 8 years of failed policies under the Democrats. In the meantime we can look at the only economic package he passed, his 2009 stimulus. The unemployment rate was 7.5%, after two years of the Democrats failing to take significant action to mitigate the recession. Obama got his stimulus passed on the basis it would hold unemployment to 8% and then it would rapidly decline, like when the Republicans passed there's in 2001. What happened? Unemployment soared to 10% and stayed about 9% for the next 5 years and then did NOTHING to try and turn that around except blame Bush. BTW the job loss rate bottomed out the month Obama was sworn and began to recede sharply and had receded sharply BEFORE the failed stimulus even went into effect. The deficit? The last Republican budget had a deficit of a measly $161B for FY2007. Then the Democrats took budgetary control and raised spending 9% in 2008 and then 18% in 2009 taking the deficit toa WHOPPING $1,400B in just two years keeping it over $1,000B for the next four years and it only falling because the Republicans forced sequester. The claims about people on welfare, yeah that's like going on an eating binge and gaining 120 pounds and the bragging how you lost 20. You remember the "Lies, Damn Lies and Statistics"............
this is how you can see the fed is political. Under the dems they kept interest rates low but immediatly raise it under trump.
A: Gains under president obama economy Q: I'll take shortest threads in politicalforum.com history for $200, Alex.
Jamie Dimon and Lloyd Blankfein say,"Thank you Obama." - - - Updated - - - and it only took them how many trillion$ in deficit spending and how many trillion$ in QE, and how many years of ZIRP and suspension of GAAP accounting principles to create ?
Ya know what's truly amazing? Look at how small Russia's debt per person is -- even after all the crap that Western Central Banks have put them through for nearly three years. Russia's is equal with a third-world toilet in Africa called Djibouti -- $0.8k. I love reminding people who hate Vladimir Putin that the man has a Ph.D in Economics, among other degrees. Obama? Who knows... he never bothered to release transcripts. Wiki shows that he got a BA in English Literature and Political Science, and afterwards got a law degree (like all good little politicians....). . "Debt is SLAVERY! Hell, I thought everybody had enough sense to know that much...." . "Dude, during my eight years, I increased the national debt more than all the other presidents put together!"
more money has gone in than the returns in GDP growth. That is a net consumption of capital. Not to mention the fact that government expenditures are figured into GDP. Abysmal !
A: Losses under traitor Bush economy. Q: I'll take longest threads in politicalforum.com history for $1,000. A sure winner!
First how did Bush create a recession? Second the Democrats took control of the government 12 months before the recession started. Third the recession ended SEVEN FRIGGEN YEARS AGO, and you are claiming a great recovery? What a laugh.
Lack of response noted try again. First how did Bush create a recession? Second the Democrats took control of the government 12 months before the recession started. Third the recession ended SEVEN FRIGGEN YEARS AGO, and you are claiming a great recovery? What a laugh.
Links have already been posted here on the many threads in which this has been discussed. Therefore, I will allow you to post links to prove the point. By the way, thanks for admitting that the recession ended 7 years ago THANKS TO THE CORRECTIVE ACTIONS TAKEN BY THE PATRIOTIC PRESIDENT OBAMA.
lack of response noted. Obama entered the White House on the back end of the recession when it was already receding and ended by June. The job loss rate bottomed out and had GREATLY declined before anything in his failed stimulus even went into to effect. What did happen is that that stimulus plan failed to hold the unemployment rate to just 8% as he stated it would and the LFPR continued to decline and we never entered a full recovery causing record numbers going on welfare and unemployment benefits. And BTW historically the worse the recession the quicker and stronger the recovery except under Obama policies. So don't try to put words in my mouth it makes you look foolish.
