daws101
Diamond Member
- Banned
- #141
More blame shifting.Classic shift blame tactic. .Even if the Liberals in the thread fear admitting what a colossal failure Obama has been...he knows it.
Here, his proxy liar tries his best:
1. "White House struggles to explain weak economy as Obama boasts of job growth
White House press secretary Josh Earnest blamed congressional Republicans in part for the weak growth,...."
White House struggles to explain weak economy as Obama boasts of job growth
Who elected this loser??????
Hmmm.....I have an explanation: an inept administration flies in the face of historical precident...
a. "A large contraction in output tends to be followed on the average by a large business expansion; a mild contraction, by a mild expansion."
Milton Friedman, "The Monetary Studies of the National Bureau," ch.12, in "The Optimum Quantity of Money and Other Essays."
b. "...since the 1880's, the average annual growth rate of real GDP during financial recoveries from financial crisis recession was 8%, while the growth rate from non-financial crisis recessions was 6.9%."
Bardo and Haubrich, "Deep Recessions, Fast Recoveries, and Financial Crises: Evidence From the American Record," Federal Reserve Bank of Cleveland, June 2012.http://www.clevelandfed.org/research/workpaper/2012/wp1214.pdf
2. Bet those Liberals had the recovery numbers that Reagan did, huh?
http://www.ustreas.gov/education/fact-sheets/taxes/ustax.shtml
- The economy grew at a 3.4% average rate…compared with 2.9% for the previous eight years, and 2.7% for the next eight.(Table B-4)
- Inflation rate dropped from 12.5% to 4.4%. (Table B-63)
- Unemployment fell to 5.5% from 7.1% (Table B-35)
- Prime interest rate fell by one-third.(Table B-73)
- The S & P 500 jumped 124% (Table B-95) http://www.gpoaccess.gov/eop/tables10.html
- Charitable contributions rose 57% faster than inflation. Dinesh D’Souza, “Ronald Reagan: How an Ordinary May Became an Extraordinary Leader,” p. 116
3. Obama is the first President never to have had a year of 3% or better economic growth: "...annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years." President Obama’s Growth Gap Hits $1.31 Trillion
a. "The years since 2007 have been a macroeconomic disaster for the United States of a magnitude unprecedented since the Great Depression." Obama: Always Wrong, Never In Doubt
b. "....first president since Hoover to never have a single year above 3% GDP growth." Obama economy is 'amazing,' says hedge fund billionaire
You'd vote for him again, huh, Liberals?
If Obama's presidency were a colossal failure, then we'd have to invent a new word, far bigger than 'colossal',
to describe the failure of the Bush presidency.
That Bush's second term was Democrat-light is no secret.
Nope. Classic fact, along with the Congress 110 and 111.