Nice Going Barack Obama: 47 Major Retailers Announce Closing of 6,000 Stores Across the Country

[paulitician]

Ha, and i'm the Pope.

Show us the metrics have changed since Bush, pontiff.

U1 through U6 have all declined over the past year, Your Holiness.

Yet more people are not in the work force than under Bush, another far left deflect!

AND I just heard today that BCBS is sending 188 jobs to the Philippines while laying off workers here....hmmmm.

Methinks the leftoids got it wrong again.

I wouldn't boast about it. Those are very likely greedy fat Republicans who sent those American jobs out of the country. Sadly, both Parties have flucked the American Worker for years. Just look at this current President's latest disastrous trade deal proposal.

Not necessarily. The CEO of one of them is Canadian.

I hear ya, but keep in mind that it is usually greedy fat Republicans who have no issue killing American Jobs by sending them out of the country. It's a shameful Un-American practice. They should be ashamed of themselves.

 

[skookerasbil]

And the Walmart closings and the unemployment numbers go down!!! We are running under a 1% gowth rate and these bozo's announce unemployment numbers are down.


Oz is ghey

 

[rdean]

This is just blame everything on Obama derangement.

Take one example, the Wet Seal bankruptcy. The reason, as cited by Bloomberg...

“The continuing fundamental shift in consumer behavior away from traditional mall shopping toward online-only stores and increased competition throughout the specialty retail fashion industry have created a difficult operating environment,” Thomas Hillebrandt, Wet Seal’s chief financial officer, said in the company’s Chapter 11 filing in U.S. Bankruptcy Court in Wilmington, Delaware.

Yes, blame that on Obama, lol.

Wet Seal Joins March of Mall Retailers Into Bankruptcy - Bloomberg Business

YOU tell me WHAT President EVER EVER said the following:

-- "I prefer destroying 1,400 companies,putting 400,000 people out of work and reducing tax revenue by $100 billion a year. " which is what he means when he says he prefers a single payer health system.

-- "I prefer higher gas prices".

-- "If a utility wants to build coal burning it bankrupt them!"

-- "Under my plan of a cap and trade system, electricity rates would necessarily skyrocket"

My president would NEVER attack the military by accusing them of "air-raiding villages, killing civilians".

I also want a president who doesn't tell people...
“I think I could probably do every job on the campaign better than the people I’ll hire to do it,”
“It’s hard to give up control when that’s all I’ve known.”
“I think I’m a better speechwriter than my speechwriters,”
I know more about policies on any particular issue than my policy directors. And I’ll tell you right now that I’m gonna think I’m a better political director than my political director.”

My president is not a wanna-be Messiah who pronounces:
""This was the moment when the rise of the oceans began to slow and our planet began to heal."

And so here is the ultimate slap in the face for the IDIOTS/LIPs ..... from Obama who has FOOLED YOU!!!
Finally my president will not depend on the "stupidity of American voter" to get elected by:
"It was usually an effective tactic, another one of those tricks I had learned.
People were satisfied so long as you were courteous and smiled and made no sudden moves.
They were more than satisfied. They were revealed. Such a pleasant surprise to find a well-mannered
young black man who didn't seem angry all the time."

You didn't post the links. Could you go back and post the links?

 

[rdean]

And the Walmart closings and the unemployment numbers go down!!! We are running under a 1% gowth rate and these bozo's announce unemployment numbers are down.


Oz is ghey

Date US GDP Growth Rate
Mar 31, 2015 3.91%
Dec 31, 2014 3.66%
Dec 31, 2013 4.57%
Dec 31, 2012 3.47%
Dec 31, 2011 3.64%
Dec 31, 2010 4.56%
Dec 31, 2009 0.11%
Dec 31, 2008 -0.92%

US GDP Growth Rate by Year

Notice Obama wasn't sworn in until 2009

So tell us. Are you a liar or a stupid fuck. Has to be one or the other. Which is it?

This is why right wingers refuse to learn how to use Google.

 

[NYcarbineer]

Unfortunately employees like to eat and pay their bills.

So you favor a minimum wage hike?

You wanting more unemployed workers?

Why don't we pay a buck an hour and get most of those jobs back that went to China? Do you support that?

 

[guno]

Yes stores are closing.. because online retailing is eating the brick and mortar stores lunch

Top 5 Mistakes Brick-And-Mortar Retailers Make That Hurt Their Business - Retail TouchPoints

 

[NYcarbineer]

This is just blame everything on Obama derangement.

Take one example, the Wet Seal bankruptcy. The reason, as cited by Bloomberg...

“The continuing fundamental shift in consumer behavior away from traditional mall shopping toward online-only stores and increased competition throughout the specialty retail fashion industry have created a difficult operating environment,” Thomas Hillebrandt, Wet Seal’s chief financial officer, said in the company’s Chapter 11 filing in U.S. Bankruptcy Court in Wilmington, Delaware.

Yes, blame that on Obama, lol.

Wet Seal Joins March of Mall Retailers Into Bankruptcy - Bloomberg Business

Hmm... Yes. Gilligan may be onto something here. With 95 million citizens who are otherwise fit to Work, now living entirely off federal and state subsistence, they're much more likely to not spend money with their neighbors comprising local business and more likely to order their gods from the interwebz.

Now Gilligan I see you're having trouble finding the correct data of which you were speaking when you declared the OPs data inaccurate.

What's up with that?

Now Gilligan, were you lying AGAIN?

God you people are stupid.

Employment Situation News Release

Your Re-concession is duly noted and summarily accepted. Nice doubling down on the bullshit.

In your next life learn to read. 11.6 million were unemployed in January 2009, not 2.3 million as the idiot claimed.

Oh... RE-Re-Concession?

Noted and accepted Gilligan.

The original poster has graciously conceded that the number he posted was wrong.

Why don't you go bite his ankles for awhile?

 

[BlueGin]

Unfortunately employees like to eat and pay their bills.

So you favor a minimum wage hike?

You wanting more unemployed workers?

Why don't we pay a buck an hour and get most of those jobs back that went to China? Do you support that?

Uh... Because the businesses feel they can't support them at their current wages... let alone a wage increase. Which is why they may them off in the first place.

 

[NYcarbineer]

Unfortunately employees like to eat and pay their bills.

So you favor a minimum wage hike?

You wanting more unemployed workers?

Why don't we pay a buck an hour and get most of those jobs back that went to China? Do you support that?

Uh... Because the businesses feel they can't support them at their current wages... let alone a wage increase. Which is why they may them off in the first place.

WTF??? lol

 

[healthmyths]

And the Walmart closings and the unemployment numbers go down!!! We are running under a 1% gowth rate and these bozo's announce unemployment numbers are down.


Oz is ghey

Date US GDP Growth Rate
Mar 31, 2015 3.91%
Dec 31, 2014 3.66%
Dec 31, 2013 4.57%
Dec 31, 2012 3.47%
Dec 31, 2011 3.64%
Dec 31, 2010 4.56%
Dec 31, 2009 0.11%
Dec 31, 2008 -0.92%

US GDP Growth Rate by Year

Notice Obama wasn't sworn in until 2009

So tell us. Are you a liar or a stupid fuck. Has to be one or the other. Which is it?

This is why right wingers refuse to learn how to use Google.

US Gross Domestic Product GDP History United States 1950-2010 - Federal State Local Data
2000 10284.8 282.162 624.2 6.46%

Bush presidency
2001 10621.8 284.969 337 3.28%
2002 10977.5 287.625 355.7 3.35%
2003 11510.7 290.108 533.2 4.86%
2004 12274.9 292.805 764.2 6.64%
2005 13093.7 295.517 818.8 6.67%
2006 13855.9 298.38 762.2 5.82%
2007 14477.6 301.231 621.7 4.49%
2008 14718.6 304.094 241 1.66%
2009 14418.7 306.772 -299.9 -2.04%
2010 14964.4 309.347 545.7 3.78%

Dec 31, 2014 3.66%
Dec 31, 2013 4.57%
Dec 31, 2012 3.47%
Dec 31, 2011 3.64%
Dec 31, 2010 4.56%
Dec 31, 2009 0.11%
Dec 31, 2008 -0.92%

hmmmm Which presidency had a larger percentage of GDP growth...for those that can read the above numbers.........
So Bush had average annual GDP increase of 5.2%
Bush average GDP increase 5.2% all while the below events occurred!
Obama... average GDP 3.50% and NONE of the below events... NO hurricanes since 2005!!!

AND REMEMBER Bush had ALL these Cataclysmic events occur NONE of which Obama has faced!

Recession
1) Are you aware that a recession started under Clinton and became official 3/01 ended 11/01?
Source: USATODAY.com - It s official 2001 recession only lasted eight months

A Major $5 trillion market loss
2) Are you aware that the dot.com bust occurred and cost $5 trillion in losses?
According to the Los Angeles Times, when the dot-com bubble burst, it wiped out $5 trillion dollars in market value for tech companies. More than half of the Internet companies created since 1995 were gone by 2004 - and hundreds of thousands of skilled technology workers were out of jobs.
Source: The dot-com bubble How to lose 5 trillion Anderson Cooper 360 - CNN.com Blogs

The worst attacks on the USA in History.. 3,000 deaths!!!
3)Obviously most of you are UNAWARE 9/11 cost 3,000 lives, $2 trillion in lost businesses,market values assets.
Jobs lost in New York owing to the attacks: 146,100 JUST in New York.
Year 2001: September 11 Terrorist Attacks
The 9/11 terrorist attacks were the events that helped shape other financial events of the decade. After that terrible day in September 2001, our economic climate was never to be the same again. It was only the third time in history that the New York Stock Exchange was shut down for a period of time. In this case, it was closed from September 10 - 17. Besides the tragic human loss of that day, the economic loss cannot even be estimated. Some estimate that there was over $60 billion in insurance losses alone. Airlines didn't fly for 3 days!
Approximately 18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source: The Top 10 Financial Events of the Decade
Anthrax Attacks...
The 2001 anthrax attacks in the United States, also known as Amerithrax from its Federal Bureau of Investigation (FBI) case name, occurred over the course of several weeks beginning on Tuesday, September 18, 2001, one week after the September 11 attacks. Letters containing anthrax spores were mailed to several news media offices and two DemocraticU.S. Senators, killing five people and infecting 17 others.

4) $1 trillion in losses due to the WORST Hurricane SEASONS in history.
The worst, Katrina made landfall in Louisiana as a Category 3 in 2005. It took 1,836 lives and caused $81.2 billion in damages. It quickly became the biggest natural disaster in U.S. history, almost destroying New Orleans due to severe flooding.

Rank Disaster Year Deaths Damage* $250 Billion in damages in the 8 disasters of the top 15 disasters in history!
1. Hurricane Katrina (LA/MS/AL/FL) 2005 1833 $133,800,000,000
6. Hurricane Ike (TX/LA/MS) 2008 112 $27,000,000,000
7. Hurricane Wilma (FL) 2005 35 $17,100,000,000
8. Hurricane Rita (TX/LA) 2005 119 $17,100,000,000
9. Hurricane Charley (FL) 2004 35 $16,500,000,000
12. Midwest Floods 2008 24 $15,000,000,000
13. Hurricane Ivan (FL/AL) 2004 57 $13,000,000,000
14. 30-State Drought 2002 0 $11,400,000,000
Costliest U.S. Weather Disasters Weather Underground

THESE events OCCURRED!
YET in SPITE of
a) 400,000 jobs due to Hurricanes Katrina/Rita ,
b) 2,800,000 jobs in alone due to 9/11,
c) 300,000 jobs lost due to dot.com busts...
In spite of nearly $8 trillion in lost businesses, market values, destroyed property.. IN SPITE of that:

AFTER the tax cuts Federal Tax REVENUES Increased an average of 9.78% per year!!!
Government Revenue Details Federal State Local for 2008 - Charts

And as far as spending like a drunken sailor....???

2000 $236.2 billion surplus
2001 $128.2 billion surplus
2002 $157.8 billion deficit.. also 9/11 occurred and tax revenues lowered for years later
2003 $377.6 billion deficit.. BRAND new cabinet Homeland Security, plus loans made to businesses.. again tax revenues down..affect of 9/11
2004 $412.7 billion deficit.. Revenues up by 5.5% spending increased and economy getting back.
2005 $318.3 billion deficit.. revenues up by 14.5% deficit decreasing at rate of 22%
2006 $248.2 billion deficit.. revenues up by 11.7% deficit decrease 22%
2007 $160.7 billion deficit.. revenues up by 6.7% deficit decrease 35%
2008 $458.6 billion deficit.. revenues down and deficit INCREASED TARP loan mostly...
Historical Federal Receipt and Outlay Summary

And for what you really ignorant LIPs totally seem to be unaware of TARP turning a profit???

Bailout Scorecard Eye on the Bailout ProPublica
TARP made a $55.1 Billion profit!

 

[Londoner]

This thread still misses the essential point.

During the postwar years (1945-75), the hey-day of liberalism, the U.S. had trade restrictions, high wages, solid benefits and a heavily subsidized education system so hard working middle class families could send their children to college.

American capital was tied to American labor. Productivity gains were realized not merely by owners/investors but also the hard working families who supplied the labor. This was also a time when it was harder for American capital to ship production (i.e., jobs) to places like communist China, Taiwan, Vietnam, Cambodia, Nicaragua, etc.

Reaganomics changed all this. The goal of Reaganomics was to liberate capital from its host nation, so that it could shop the globe for the cheapest labor markets, typically found in dictator-run, freedom hating nations in the 3rd world. In addition to liberating capital to seek cheaper labor in dictator-lead tyrannies, Reaganomics also did everything possible to lower labor costs in the USA. This was done to raise profit margins.

By the 2000s, after 20 years of Reaganomics, the largest retailer/employer in the U.S. (Walmart) was paying ultra low wages with terrible benefits - and subsidies to education were cut in oder to make room for more tax cuts on top.

The new low wage system means that hard working middle class families not only require toxic levels of debt to stay afloat, but they no longer have the buying power to flock into "Main Street" stores.

Secondly, strapped American families can no longer afford the higher prices of "brick & mortar" locations, preferring instead to buy from e-tailers, whose volume and lower operating costs allow them to underbid small businesses selling the same product.

Which is to say, there are a number of factors which have caused (and will continue to cause) huge changes in the retail sector.

I encourage everyone to read some of the OPs other posts. He is a "cut & paste" apparatchik who is unknowingly doing the bidding of concentrated capital (which owns Washington and his party). Do you really think he understands the conditions that have lead to consolidation in the retail sector? He's merely repeating talking points. He's not here to give us a thorough analysis of why Main Street & "brick & mortar" retail is shrinking; he's here to attack Obama.

He is a low information voter reaching out to other low information voters.

 

[Where_r_my_Keys]

Hmm... Yes. Gilligan may be onto something here. With 95 million citizens who are otherwise fit to Work, now living entirely off federal and state subsistence, they're much more likely to not spend money with their neighbors comprising local business and more likely to order their gods from the interwebz.

Now Gilligan I see you're having trouble finding the correct data of which you were speaking when you declared the OPs data inaccurate.

What's up with that?

Now Gilligan, were you lying AGAIN?

God you people are stupid.

Employment Situation News Release

Your Re-concession is duly noted and summarily accepted. Nice doubling down on the bullshit.

In your next life learn to read. 11.6 million were unemployed in January 2009, not 2.3 million as the idiot claimed.

Oh... RE-Re-Concession?

Noted and accepted Gilligan.

The original poster has graciously conceded that the number he posted was wrong.

Why don't you go bite his ankles for awhile?

Gilligan no one was arguing about how many people the Left put out of work while Obama was in the Senate.

This your RE-Re-re-concession is duly noted and summarily accepted.

 

[pinqy]

With 95 million citizens who are otherwise fit to Work, now living entirely off federal and state subsistence,

Notice how the Right start with a lie and then continue to exaggerate the lie every time they retell it.

First of all, there are 93 million not in the labor force, so that is a 2 million exaggeration right there. Then not all of the 93 million are able bodied 9 million are disabled. We are down to 84 million.
Then some are students supported by their parents.
And some are stay at home spouses supported by their working spouse.
Many more are retirees living off their lifelong payments into some form of fund.
So very few are "fit to work living entirely off federal and state subsistence."
But why ruin a good lie with facts.

9 million? It's 23 million Table A-6. Employment status of the civilian population by sex age and disability status not seasonally adjusted

 

[initforme]

Retail should never qualify as a job anyway. Working in large retail is a slow, miserable way to earn a scant existence I don't consider those "jobs" in the sense that anyone but kids should be working for that wage. One surely can't live on it.

 

[rdean]

And the Walmart closings and the unemployment numbers go down!!! We are running under a 1% gowth rate and these bozo's announce unemployment numbers are down.


Oz is ghey

Date US GDP Growth Rate
Mar 31, 2015 3.91%
Dec 31, 2014 3.66%
Dec 31, 2013 4.57%
Dec 31, 2012 3.47%
Dec 31, 2011 3.64%
Dec 31, 2010 4.56%
Dec 31, 2009 0.11%
Dec 31, 2008 -0.92%

US GDP Growth Rate by Year

Notice Obama wasn't sworn in until 2009

So tell us. Are you a liar or a stupid fuck. Has to be one or the other. Which is it?

This is why right wingers refuse to learn how to use Google.

US Gross Domestic Product GDP History United States 1950-2010 - Federal State Local Data
2000 10284.8 282.162 624.2 6.46%

Bush presidency
2001 10621.8 284.969 337 3.28%
2002 10977.5 287.625 355.7 3.35%
2003 11510.7 290.108 533.2 4.86%
2004 12274.9 292.805 764.2 6.64%
2005 13093.7 295.517 818.8 6.67%
2006 13855.9 298.38 762.2 5.82%
2007 14477.6 301.231 621.7 4.49%
2008 14718.6 304.094 241 1.66%
2009 14418.7 306.772 -299.9 -2.04%
2010 14964.4 309.347 545.7 3.78%

Dec 31, 2014 3.66%
Dec 31, 2013 4.57%
Dec 31, 2012 3.47%
Dec 31, 2011 3.64%
Dec 31, 2010 4.56%
Dec 31, 2009 0.11%
Dec 31, 2008 -0.92%

hmmmm Which presidency had a larger percentage of GDP growth...for those that can read the above numbers.........
So Bush had average annual GDP increase of 5.2%
Bush average GDP increase 5.2% all while the below events occurred!
Obama... average GDP 3.50% and NONE of the below events... NO hurricanes since 2005!!!

AND REMEMBER Bush had ALL these Cataclysmic events occur NONE of which Obama has faced!

Recession
1) Are you aware that a recession started under Clinton and became official 3/01 ended 11/01?
Source: USATODAY.com - It s official 2001 recession only lasted eight months

A Major $5 trillion market loss
2) Are you aware that the dot.com bust occurred and cost $5 trillion in losses?
According to the Los Angeles Times, when the dot-com bubble burst, it wiped out $5 trillion dollars in market value for tech companies. More than half of the Internet companies created since 1995 were gone by 2004 - and hundreds of thousands of skilled technology workers were out of jobs.
Source: The dot-com bubble How to lose 5 trillion Anderson Cooper 360 - CNN.com Blogs

The worst attacks on the USA in History.. 3,000 deaths!!!
3)Obviously most of you are UNAWARE 9/11 cost 3,000 lives, $2 trillion in lost businesses,market values assets.
Jobs lost in New York owing to the attacks: 146,100 JUST in New York.
Year 2001: September 11 Terrorist Attacks
The 9/11 terrorist attacks were the events that helped shape other financial events of the decade. After that terrible day in September 2001, our economic climate was never to be the same again. It was only the third time in history that the New York Stock Exchange was shut down for a period of time. In this case, it was closed from September 10 - 17. Besides the tragic human loss of that day, the economic loss cannot even be estimated. Some estimate that there was over $60 billion in insurance losses alone. Airlines didn't fly for 3 days!
Approximately 18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source: The Top 10 Financial Events of the Decade
Anthrax Attacks...
The 2001 anthrax attacks in the United States, also known as Amerithrax from its Federal Bureau of Investigation (FBI) case name, occurred over the course of several weeks beginning on Tuesday, September 18, 2001, one week after the September 11 attacks. Letters containing anthrax spores were mailed to several news media offices and two DemocraticU.S. Senators, killing five people and infecting 17 others.

4) $1 trillion in losses due to the WORST Hurricane SEASONS in history.
The worst, Katrina made landfall in Louisiana as a Category 3 in 2005. It took 1,836 lives and caused $81.2 billion in damages. It quickly became the biggest natural disaster in U.S. history, almost destroying New Orleans due to severe flooding.

Rank Disaster Year Deaths Damage* $250 Billion in damages in the 8 disasters of the top 15 disasters in history!
1. Hurricane Katrina (LA/MS/AL/FL) 2005 1833 $133,800,000,000
6. Hurricane Ike (TX/LA/MS) 2008 112 $27,000,000,000
7. Hurricane Wilma (FL) 2005 35 $17,100,000,000
8. Hurricane Rita (TX/LA) 2005 119 $17,100,000,000
9. Hurricane Charley (FL) 2004 35 $16,500,000,000
12. Midwest Floods 2008 24 $15,000,000,000
13. Hurricane Ivan (FL/AL) 2004 57 $13,000,000,000
14. 30-State Drought 2002 0 $11,400,000,000
Costliest U.S. Weather Disasters Weather Underground

THESE events OCCURRED!
YET in SPITE of
a) 400,000 jobs due to Hurricanes Katrina/Rita ,
b) 2,800,000 jobs in alone due to 9/11,
c) 300,000 jobs lost due to dot.com busts...
In spite of nearly $8 trillion in lost businesses, market values, destroyed property.. IN SPITE of that:

AFTER the tax cuts Federal Tax REVENUES Increased an average of 9.78% per year!!!
Government Revenue Details Federal State Local for 2008 - Charts

And as far as spending like a drunken sailor....???

2000 $236.2 billion surplus
2001 $128.2 billion surplus
2002 $157.8 billion deficit.. also 9/11 occurred and tax revenues lowered for years later
2003 $377.6 billion deficit.. BRAND new cabinet Homeland Security, plus loans made to businesses.. again tax revenues down..affect of 9/11
2004 $412.7 billion deficit.. Revenues up by 5.5% spending increased and economy getting back.
2005 $318.3 billion deficit.. revenues up by 14.5% deficit decreasing at rate of 22%
2006 $248.2 billion deficit.. revenues up by 11.7% deficit decrease 22%
2007 $160.7 billion deficit.. revenues up by 6.7% deficit decrease 35%
2008 $458.6 billion deficit.. revenues down and deficit INCREASED TARP loan mostly...
Historical Federal Receipt and Outlay Summary

And for what you really ignorant LIPs totally seem to be unaware of TARP turning a profit???

Bailout Scorecard Eye on the Bailout ProPublica
TARP made a $55.1 Billion profit!
View attachment 41010

The facts are right there in front of you and you can't even see them. The Bush economy was built on a lie. That's why it crashed. The tax cuts added trillions to the deficit and spread money around that wasn't there.
This is the problem. Republicans think their lies are so wonderful until they fall flat, then it must be the fault of Democrats.
Obama brought the economy back while fighting Republicans every step of the way. Republicans who did everything they could to undermine him and the economy. The honest ones admit it.

 

[healthmyths]

And the Walmart closings and the unemployment numbers go down!!! We are running under a 1% gowth rate and these bozo's announce unemployment numbers are down.


Oz is ghey

Date US GDP Growth Rate
Mar 31, 2015 3.91%
Dec 31, 2014 3.66%
Dec 31, 2013 4.57%
Dec 31, 2012 3.47%
Dec 31, 2011 3.64%
Dec 31, 2010 4.56%
Dec 31, 2009 0.11%
Dec 31, 2008 -0.92%

US GDP Growth Rate by Year

Notice Obama wasn't sworn in until 2009

So tell us. Are you a liar or a stupid fuck. Has to be one or the other. Which is it?

This is why right wingers refuse to learn how to use Google.

US Gross Domestic Product GDP History United States 1950-2010 - Federal State Local Data
2000 10284.8 282.162 624.2 6.46%

Bush presidency
2001 10621.8 284.969 337 3.28%
2002 10977.5 287.625 355.7 3.35%
2003 11510.7 290.108 533.2 4.86%
2004 12274.9 292.805 764.2 6.64%
2005 13093.7 295.517 818.8 6.67%
2006 13855.9 298.38 762.2 5.82%
2007 14477.6 301.231 621.7 4.49%
2008 14718.6 304.094 241 1.66%
2009 14418.7 306.772 -299.9 -2.04%
2010 14964.4 309.347 545.7 3.78%

Dec 31, 2014 3.66%
Dec 31, 2013 4.57%
Dec 31, 2012 3.47%
Dec 31, 2011 3.64%
Dec 31, 2010 4.56%
Dec 31, 2009 0.11%
Dec 31, 2008 -0.92%

hmmmm Which presidency had a larger percentage of GDP growth...for those that can read the above numbers.........
So Bush had average annual GDP increase of 5.2%
Bush average GDP increase 5.2% all while the below events occurred!
Obama... average GDP 3.50% and NONE of the below events... NO hurricanes since 2005!!!

AND REMEMBER Bush had ALL these Cataclysmic events occur NONE of which Obama has faced!

Recession
1) Are you aware that a recession started under Clinton and became official 3/01 ended 11/01?
Source: USATODAY.com - It s official 2001 recession only lasted eight months

A Major $5 trillion market loss
2) Are you aware that the dot.com bust occurred and cost $5 trillion in losses?
According to the Los Angeles Times, when the dot-com bubble burst, it wiped out $5 trillion dollars in market value for tech companies. More than half of the Internet companies created since 1995 were gone by 2004 - and hundreds of thousands of skilled technology workers were out of jobs.
Source: The dot-com bubble How to lose 5 trillion Anderson Cooper 360 - CNN.com Blogs

The worst attacks on the USA in History.. 3,000 deaths!!!
3)Obviously most of you are UNAWARE 9/11 cost 3,000 lives, $2 trillion in lost businesses,market values assets.
Jobs lost in New York owing to the attacks: 146,100 JUST in New York.
Year 2001: September 11 Terrorist Attacks
The 9/11 terrorist attacks were the events that helped shape other financial events of the decade. After that terrible day in September 2001, our economic climate was never to be the same again. It was only the third time in history that the New York Stock Exchange was shut down for a period of time. In this case, it was closed from September 10 - 17. Besides the tragic human loss of that day, the economic loss cannot even be estimated. Some estimate that there was over $60 billion in insurance losses alone. Airlines didn't fly for 3 days!
Approximately 18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source: The Top 10 Financial Events of the Decade
Anthrax Attacks...
The 2001 anthrax attacks in the United States, also known as Amerithrax from its Federal Bureau of Investigation (FBI) case name, occurred over the course of several weeks beginning on Tuesday, September 18, 2001, one week after the September 11 attacks. Letters containing anthrax spores were mailed to several news media offices and two DemocraticU.S. Senators, killing five people and infecting 17 others.

4) $1 trillion in losses due to the WORST Hurricane SEASONS in history.
The worst, Katrina made landfall in Louisiana as a Category 3 in 2005. It took 1,836 lives and caused $81.2 billion in damages. It quickly became the biggest natural disaster in U.S. history, almost destroying New Orleans due to severe flooding.

Rank Disaster Year Deaths Damage* $250 Billion in damages in the 8 disasters of the top 15 disasters in history!
1. Hurricane Katrina (LA/MS/AL/FL) 2005 1833 $133,800,000,000
6. Hurricane Ike (TX/LA/MS) 2008 112 $27,000,000,000
7. Hurricane Wilma (FL) 2005 35 $17,100,000,000
8. Hurricane Rita (TX/LA) 2005 119 $17,100,000,000
9. Hurricane Charley (FL) 2004 35 $16,500,000,000
12. Midwest Floods 2008 24 $15,000,000,000
13. Hurricane Ivan (FL/AL) 2004 57 $13,000,000,000
14. 30-State Drought 2002 0 $11,400,000,000
Costliest U.S. Weather Disasters Weather Underground

THESE events OCCURRED!
YET in SPITE of
a) 400,000 jobs due to Hurricanes Katrina/Rita ,
b) 2,800,000 jobs in alone due to 9/11,
c) 300,000 jobs lost due to dot.com busts...
In spite of nearly $8 trillion in lost businesses, market values, destroyed property.. IN SPITE of that:

AFTER the tax cuts Federal Tax REVENUES Increased an average of 9.78% per year!!!
Government Revenue Details Federal State Local for 2008 - Charts

And as far as spending like a drunken sailor....???

2000 $236.2 billion surplus
2001 $128.2 billion surplus
2002 $157.8 billion deficit.. also 9/11 occurred and tax revenues lowered for years later
2003 $377.6 billion deficit.. BRAND new cabinet Homeland Security, plus loans made to businesses.. again tax revenues down..affect of 9/11
2004 $412.7 billion deficit.. Revenues up by 5.5% spending increased and economy getting back.
2005 $318.3 billion deficit.. revenues up by 14.5% deficit decreasing at rate of 22%
2006 $248.2 billion deficit.. revenues up by 11.7% deficit decrease 22%
2007 $160.7 billion deficit.. revenues up by 6.7% deficit decrease 35%
2008 $458.6 billion deficit.. revenues down and deficit INCREASED TARP loan mostly...
Historical Federal Receipt and Outlay Summary

And for what you really ignorant LIPs totally seem to be unaware of TARP turning a profit???

Bailout Scorecard Eye on the Bailout ProPublica
TARP made a $55.1 Billion profit!
View attachment 41010

The facts are right there in front of you and you can't even see them. The Bush economy was built on a lie. That's why it crashed. The tax cuts added trillions to the deficit and spread money around that wasn't there.
This is the problem. Republicans think their lies are so wonderful until they fall flat, then it must be the fault of Democrats.
Obama brought the economy back while fighting Republicans every step of the way. Republicans who did everything they could to undermine him and the economy. The honest ones admit it.

THESE ARE THE FACTS!!
WHAT the hell is wrong with people like you that can't admit these EVENTS totally impacted all our lives and IN SPITE of it..
Bush kept the country going!

PLEASE TELL ME THESE EVENTS DIDN"T OCCUR? Tell the 5,000 people that died they didn't occur!
Tell the people that lost jobs...they didn't occur! Tell the nearly $8 trillion in real property,stock market losses, tax revenues these events didn't occur!!!
WAS THERE A RECESSION ???
Recession
1) Are you aware that a recession started under Clinton and became official 3/01 ended 11/01?
Source: USATODAY.com - It s official 2001 recession only lasted eight months

Was there A Major $5 trillion market loss??
2) Are you aware that the dot.com bust occurred and cost $5 trillion in losses?
According to the Los Angeles Times, when the dot-com bubble burst, it wiped out $5 trillion dollars in market value for tech companies. More than half of the Internet companies created since 1995 were gone by 2004 - and hundreds of thousands of skilled technology workers were out of jobs.
Source: The dot-com bubble How to lose 5 trillion Anderson Cooper 360 - CNN.com Blogs

Did the worst attacks on the USA in History.. 3,000 deaths occur???
3)Obviously most of you are UNAWARE 9/11 cost 3,000 lives, $2 trillion in lost businesses,market values assets.
Jobs lost in New York owing to the attacks: 146,100 JUST in New York.
Year 2001: September 11 Terrorist Attacks
The 9/11 terrorist attacks were the events that helped shape other financial events of the decade. After that terrible day in September 2001, our economic climate was never to be the same again. It was only the third time in history that the New York Stock Exchange was shut down for a period of time. In this case, it was closed from September 10 - 17. Besides the tragic human loss of that day, the economic loss cannot even be estimated. Some estimate that there was over $60 billion in insurance losses alone. Airlines didn't fly for 3 days!
Approximately 18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source: The Top 10 Financial Events of the Decade
Anthrax Attacks...
The 2001 anthrax attacks in the United States, also known as Amerithrax from its Federal Bureau of Investigation (FBI) case name, occurred over the course of several weeks beginning on Tuesday, September 18, 2001, one week after the September 11 attacks. Letters containing anthrax spores were mailed to several news media offices and two DemocraticU.S. Senators, killing five people and infecting 17 others.

DID the worst hurricane SEASONS IN HISTORY never occur??
4) $1 trillion in losses due to the WORST Hurricane SEASONS in history.
The worst, Katrina made landfall in Louisiana as a Category 3 in 2005. It took 1,836 lives and caused $81.2 billion in damages. It quickly became the biggest natural disaster in U.S. history, almost destroying New Orleans due to severe flooding.

Rank Disaster Year Deaths Damage* $250 Billion in damages in the 8 disasters of the top 15 disasters in history!
1. Hurricane Katrina (LA/MS/AL/FL) 2005 1833 $133,800,000,000
6. Hurricane Ike (TX/LA/MS) 2008 112 $27,000,000,000
7. Hurricane Wilma (FL) 2005 35 $17,100,000,000
8. Hurricane Rita (TX/LA) 2005 119 $17,100,000,000
9. Hurricane Charley (FL) 2004 35 $16,500,000,000
12. Midwest Floods 2008 24 $15,000,000,000
13. Hurricane Ivan (FL/AL) 2004 57 $13,000,000,000
14. 30-State Drought 2002 0 $11,400,000,000
Costliest U.S. Weather Disasters Weather Underground

THESE events OCCURRED!

YET in SPITE of
a) 400,000 jobs due to Hurricanes Katrina/Rita ,
b) 2,800,000 jobs in alone due to 9/11,
c) 300,000 jobs lost due to dot.com busts...
In spite of nearly $8 trillion in lost businesses, market values, destroyed property.. IN SPITE of that:

AFTER the tax cuts Federal Tax REVENUES Increased an average of 9.78% per year!!!
Government Revenue Details Federal State Local for 2008 - Charts

And as far as spending like a drunken sailor....???

2000 $236.2 billion surplus
2001 $128.2 billion surplus
2002 $157.8 billion deficit.. also 9/11 occurred and tax revenues lowered for years later
2003 $377.6 billion deficit.. BRAND new cabinet Homeland Security, plus loans made to businesses.. again tax revenues down..affect of 9/11
2004 $412.7 billion deficit.. Revenues up by 5.5% spending increased and economy getting back.
2005 $318.3 billion deficit.. revenues up by 14.5% deficit decreasing at rate of 22%
2006 $248.2 billion deficit.. revenues up by 11.7% deficit decrease 22%
2007 $160.7 billion deficit.. revenues up by 6.7% deficit decrease 35%
2008 $458.6 billion deficit.. revenues down and deficit INCREASED TARP loan mostly...
Historical Federal Receipt and Outlay Summary

And for what you really ignorant LIPs totally seem to be unaware of TARP turning a profit???

Bailout Scorecard Eye on the Bailout ProPublica
TARP made a $55.1 Billion profit!

I truly don't understand you people that can't admit the above events HAD A VERY DEEP IMPACT on all of us and our economy!
Are you idiots so blatantly political ideologues that truth/Facts are irrelevant to you?

 

[edthecynic]

With 95 million citizens who are otherwise fit to Work, now living entirely off federal and state subsistence,

Notice how the Right start with a lie and then continue to exaggerate the lie every time they retell it.

First of all, there are 93 million not in the labor force, so that is a 2 million exaggeration right there. Then not all of the 93 million are able bodied 9 million are disabled. We are down to 84 million.
Then some are students supported by their parents.
And some are stay at home spouses supported by their working spouse.
Many more are retirees living off their lifelong payments into some form of fund.
So very few are "fit to work living entirely off federal and state subsistence."
But why ruin a good lie with facts.

9 million? It's 23 million Table A-6. Employment status of the civilian population by sex age and disability status not seasonally adjusted

You are correct, but I was giving the number "living off the government."
Social Security Beneficiary Statistics

 

[ScienceRocks]

Funny,

We were spending more on infrastructure, science, r&d and education under Reagan then today. Clinton Balanced the budget without cutting one red cent out of such...

Please educate yourself on the real causes.
Military---nation building!!! cost big bucks!!!
Welfare
Heathcare

 

[ninja007]

1700 Radio Shacks are closing and that's devastating news? When's the last time you bought anything of consequence at a Radio Shack?

so its cool with you that people with families and bills lose their job?

 

[BlueGin]

1700 Radio Shacks are closing and that's devastating news? When's the last time you bought anything of consequence at a Radio Shack?

so its cool with you that people with families and bills lose their job?

They live in denial. Out of sight... Out of mind.