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Obamacare Economy: 7 Years, 16 million Jobs Created, Middle Class Incomes Up $3K

As Paul Harvey used to say "the rest of the story" is that the Obamacare deductable is so high that middle class families might as well have no insurance. Small businesses were forced to cut their full time staff down to part time and the system is going freaking broke and broken and even democrat lawmakers admit it.
 
tumblr_inline_oo1mtctZIP1s2opo4_500.png


We now have 7 full years of economic data since President Obama signed the Affordable Care Act (ACA or “Obamacare”). So, as Republicans in Washington continue their relentless assault on the ACA, it’s a good time to take stock of how America actually fared in the Obamacare Economy.

Before turning to the facts, a reminder of the narrative that the GOP has been pushing about the ACA for so long:

“It will bankrupt our nation, and it will ruin our economy! … This health care law … is already destroying jobs in our country.” — John Boehner, 2011

“We now know that Obamacare has been one of the single biggest drags on job creation since early 2010.” — Mitch McConnell, 2012

“[T]his is going to blow a hole through the deficit even more than we had already thought.” — Paul Ryan, 2012

“Obamacare is directly responsible for destroying jobs and lowering wages for workers” — Senate Republican Policy Committee, 2014

“It is the biggest job-killer in this country.” — Ted Cruz, 2016

“Obamacare is devastating businesses." — Donald Trump, 2016

“Obamacare … this disastrous policy that's been killing jobs." — Mike Pence, 2016

Let’s tackle these false “job-killing, wage-reducing, deficit-busting” myths one by one:

The Obamacare Economy: 7 Years, 16 Million Jobs Created, Middle-Class Incomes Up $3K


Not a single year of GDP growth over 3%. Yet still managed to double the debt. First of its kind failure.

Bush would have LOVED a recession-free, steady growth record like that.

Under Obama job growth was four times of what BOTH Bushes combined managed to get.


Again how did Obama accomplish this?



Only in the idiotic world of liberal fantasy a anti business president could do it.



.

I don't think that is the question..

Why did this "anti-business" Usurper manage to do FAR better than two putatively "pro-bidness" POTUS?

Not only job creation, but also Equity Markets' performance...


You wanna see some truly gruesome numbers?
 
Annual income up 3K!
Now I can pay my utilities and Auto Insurance, etc that went up more than 3K!

It's too bad you couldn't take that 3k and buy yourself a functioning brain.

Math is difficult for you?

No silly, facts are tough for you. 3K is REAL INCOME. Meaning income ADJUSTED for price increases.

These numbers are not about YOU, they are aggregate numbers for entire economy nobody in their right mind would try to dispute based on experience of a single person.

So get yourself into right mind.


Yet you lie to us once again..


My three pickup trucks issuance should be $5 bucks a month by now..


Never a claim in 25 years..
 
tumblr_inline_oo1mtctZIP1s2opo4_500.png


We now have 7 full years of economic data since President Obama signed the Affordable Care Act (ACA or “Obamacare”). So, as Republicans in Washington continue their relentless assault on the ACA, it’s a good time to take stock of how America actually fared in the Obamacare Economy.

Before turning to the facts, a reminder of the narrative that the GOP has been pushing about the ACA for so long:

“It will bankrupt our nation, and it will ruin our economy! … This health care law … is already destroying jobs in our country.” — John Boehner, 2011

“We now know that Obamacare has been one of the single biggest drags on job creation since early 2010.” — Mitch McConnell, 2012

“[T]his is going to blow a hole through the deficit even more than we had already thought.” — Paul Ryan, 2012

“Obamacare is directly responsible for destroying jobs and lowering wages for workers” — Senate Republican Policy Committee, 2014

“It is the biggest job-killer in this country.” — Ted Cruz, 2016

“Obamacare is devastating businesses." — Donald Trump, 2016

“Obamacare … this disastrous policy that's been killing jobs." — Mike Pence, 2016

Let’s tackle these false “job-killing, wage-reducing, deficit-busting” myths one by one:

The Obamacare Economy: 7 Years, 16 Million Jobs Created, Middle-Class Incomes Up $3K

No kidding, this must explain the lowest level of participation in the workforce, the highest level of welfare recipients, and today's heightened level of optimism in America...although that probably doesn't include many liberals. All because of Obamacare?
, this must explain the lowest level of participation in the workforce, the highest level of welfare recipients,


LPRF is the consequence of demographics and the Tragic Wages of Supply Side Idiocy, Part Deux....which is almost entirely responsible for the rise in the number of welfare recipients....


 
We need to give a huge tax cut to billionaires and millionaire, come on us middle income people, how can we expect these fat slobs to pay for healthcare, when they pollute and cause leukemia, put pesticides and hormones in our foods, destroy our water and air. Kochs and Trumps wall street buddies need a tax cut.

I wonder if Hillary had 2 Goldman Sachs execs tell us about the new tax plan at a press conference if she would not be tarred and feathered.

Take your money out of the market because, the hedge funds are ready to pull the plug, they need a big win. The market is fake news.

This is their plan to make a huge gap between the Rich and the peasants, no more middle class.. And keep the peasants sick to keep the money coming in.
GOP plan: Keep em poor, keep em sick, keep em stupid

That's why they block a minimum wage bump whenever possible
That's why they cut the top 1% taxes at the expense of the bottom 99%
That's why they work tirelessly to strip healthcare
That's why they work to dismantle women's health care
That's why they work to damage public education
 
As Paul Harvey used to say "the rest of the story" is that the Obamacare deductable is so high that middle class families might as well have no insurance. Small businesses were forced to cut their full time staff down to part time and the system is going freaking broke and broken and even democrat lawmakers admit it.
You're an idiot......small business (fewer than 50 employees) is exempt.
 
tumblr_inline_oo1mtctZIP1s2opo4_500.png


We now have 7 full years of economic data since President Obama signed the Affordable Care Act (ACA or “Obamacare”). So, as Republicans in Washington continue their relentless assault on the ACA, it’s a good time to take stock of how America actually fared in the Obamacare Economy.

Before turning to the facts, a reminder of the narrative that the GOP has been pushing about the ACA for so long:

“It will bankrupt our nation, and it will ruin our economy! … This health care law … is already destroying jobs in our country.” — John Boehner, 2011

“We now know that Obamacare has been one of the single biggest drags on job creation since early 2010.” — Mitch McConnell, 2012

“[T]his is going to blow a hole through the deficit even more than we had already thought.” — Paul Ryan, 2012

“Obamacare is directly responsible for destroying jobs and lowering wages for workers” — Senate Republican Policy Committee, 2014

“It is the biggest job-killer in this country.” — Ted Cruz, 2016

“Obamacare is devastating businesses." — Donald Trump, 2016

“Obamacare … this disastrous policy that's been killing jobs." — Mike Pence, 2016

Let’s tackle these false “job-killing, wage-reducing, deficit-busting” myths one by one:

The Obamacare Economy: 7 Years, 16 Million Jobs Created, Middle-Class Incomes Up $3K


Not a single year of GDP growth over 3%. Yet still managed to double the debt. First of its kind failure.

Bush would have LOVED a recession-free, steady growth record like that.

Under Obama job growth was four times of what BOTH Bushes combined managed to get.


Again how did Obama accomplish this?
Only in the idiotic world of liberal fantasy a anti business president could do it.
.

No thoughtful person believes that presidents run the economy.

But Obama did pursue stabilization of markets (TARP program, regulation reform) expansionary policies on fiscal (Stimulus, unemployment extension, auto-bailout,etc.) and monetary (low interest rates) sides that have certainly shortened the recession and increased growth.

In totality Obama policies have been VERY business friendly on a macro level.
 
Thank you President Obama but trump is busily undoing it all. RWNJs are loving watching higher taxes for the working class and UUUgh tax breaks for the 1%.


Sent from my iPad using USMessageBoard.com
 
Look, I've said it before, I didn't dislike Obama. I disagreed with some of his decisions, but I think his desire to keep America out of wars was an admirable one, and he seemed to care about human rights and try and help those not getting a fair shake. I disagree with many of his methods, but his intentions were there.

However, each and every conversation about Obama has to include his reliance on debt. To me that is his legacy and many others smarter than I am have stated the same. Some have also gone even further, and I concur, America's debt is a National Security threat. There is no way you can speak about any of his accomplishments without an asterisk, *added more debt than all of the former presidents combined. America now has $20T in debt.

Let me be more succinct, let's say I had been president and you gave me $10 Trillion dollars. There are many many things I could do in eight years with that kind of coin. Without much effort I could increase every Americans salary and employ endless numbers of people. That's $10T on top of any tax revenue by the way.

In that regard, there is one mistake that was made after his victory. He reached out to Romney with an olive branch as he wanted him involved in the economy, evidence that I think he believed Romney had a strong grasp on how to turn things around and Obama respected his acumen. In fact, I recall in the debates one particular comment when Obama spoke about government decisions impacting jobs and Romney said "it's not the job of government to create jobs"...I remember Obama's eyes lighting up, it was almost as if he was saying to himself "oh yeah, Romney is right here."

Romney turned down the opportunity to contribute to Americas success economically. It was a mistake for him and probably to the detriment of America. Who knows if his influence could have ensured a lower debt, even if it were 2-3 T lower it would have been a massive victory.

Who gave Obama 10 Trillion dollars? No one. His total policy contribution to deficit was about 1 trillion, if we exclude 2012 extension of Bush's tax cuts (which I don't presume you or Romney are against)

He didn't fix long term deficit issues, but he didn't exacerbate them the way you insinuate either. And as far as fixing, it wasn't for lack of trying - he always kept the Grand Bargain on the table but couldn't get Congressional support.

I'm not sure how you came up with $1 Trillion...
Here are the FACTS and source: Federal Receipt and Outlay Summary
Total Expenditures $28.303 Trillion (Included TARP payback of $708.3B. Bailout Scorecard | Eye on the Bailout | ProPublica
Total Receipts 21.057 Trillion
Deficit $ 7.246 Trillion Deficits added to national debt!
Plus remember this includes total payback of TARP with (AGAIN remember GWB expenditures included over $600 Billion for TARP..
BUT Obama gets it all paid ($708.3B back plus $84.9B Profit!)

2009-2016FedRev-expend.png





PLUS remember Obama's revenue included total payback of Tarp PLUS a $84.9 Billion profit!
 
tumblr_inline_oo1mtctZIP1s2opo4_500.png


We now have 7 full years of economic data since President Obama signed the Affordable Care Act (ACA or “Obamacare”). So, as Republicans in Washington continue their relentless assault on the ACA, it’s a good time to take stock of how America actually fared in the Obamacare Economy.

Before turning to the facts, a reminder of the narrative that the GOP has been pushing about the ACA for so long:

“It will bankrupt our nation, and it will ruin our economy! … This health care law … is already destroying jobs in our country.” — John Boehner, 2011

“We now know that Obamacare has been one of the single biggest drags on job creation since early 2010.” — Mitch McConnell, 2012

“[T]his is going to blow a hole through the deficit even more than we had already thought.” — Paul Ryan, 2012

“Obamacare is directly responsible for destroying jobs and lowering wages for workers” — Senate Republican Policy Committee, 2014

“It is the biggest job-killer in this country.” — Ted Cruz, 2016

“Obamacare is devastating businesses." — Donald Trump, 2016

“Obamacare … this disastrous policy that's been killing jobs." — Mike Pence, 2016

Let’s tackle these false “job-killing, wage-reducing, deficit-busting” myths one by one:

The Obamacare Economy: 7 Years, 16 Million Jobs Created, Middle-Class Incomes Up $3K


Not a single year of GDP growth over 3%. Yet still managed to double the debt. First of its kind failure.

Bush would have LOVED a recession-free, steady growth record like that.

Under Obama job growth was four times of what BOTH Bushes combined managed to get.


Again how did Obama accomplish this?
Only in the idiotic world of liberal fantasy a anti business president could do it.
.

No thoughtful person believes that presidents run the economy.

But Obama did pursue stabilization of markets (TARP program, regulation reform) expansionary policies on fiscal (Stimulus, unemployment extension, auto-bailout,etc.) and monetary (low interest rates) sides that have certainly shortened the recession and increased growth.

In totality Obama policies have been VERY business friendly on a macro level.

WTF?

Obama praises Boeing plant he tried to close | Daily Mail Online
 
tumblr_inline_oo1mtctZIP1s2opo4_500.png


We now have 7 full years of economic data since President Obama signed the Affordable Care Act (ACA or “Obamacare”). So, as Republicans in Washington continue their relentless assault on the ACA, it’s a good time to take stock of how America actually fared in the Obamacare Economy.

Before turning to the facts, a reminder of the narrative that the GOP has been pushing about the ACA for so long:

“It will bankrupt our nation, and it will ruin our economy! … This health care law … is already destroying jobs in our country.” — John Boehner, 2011

“We now know that Obamacare has been one of the single biggest drags on job creation since early 2010.” — Mitch McConnell, 2012

“[T]his is going to blow a hole through the deficit even more than we had already thought.” — Paul Ryan, 2012

“Obamacare is directly responsible for destroying jobs and lowering wages for workers” — Senate Republican Policy Committee, 2014

“It is the biggest job-killer in this country.” — Ted Cruz, 2016

“Obamacare is devastating businesses." — Donald Trump, 2016

“Obamacare … this disastrous policy that's been killing jobs." — Mike Pence, 2016

Let’s tackle these false “job-killing, wage-reducing, deficit-busting” myths one by one:

The Obamacare Economy: 7 Years, 16 Million Jobs Created, Middle-Class Incomes Up $3K


Not a single year of GDP growth over 3%. Yet still managed to double the debt. First of its kind failure.

Bush would have LOVED a recession-free, steady growth record like that.

Under Obama job growth was four times of what BOTH Bushes combined managed to get.

AND GWB would have LOVED to have NOT ONE SINGLE MAJOR event like the below Five that occurred in his presidency!!!

NOTHING LIKE attacks on US soil! Nothing like $8 Trillion market losses which MEANT lost tax revenue! NOTHING like worst HURRICANE SEASONS not just season!
NOTHING like that happened to Obama! YET he rang up over $7 Trillion in deficits which in spite of TARP total payback !
GWBpresidency.png
 
Look, I've said it before, I didn't dislike Obama. I disagreed with some of his decisions, but I think his desire to keep America out of wars was an admirable one, and he seemed to care about human rights and try and help those not getting a fair shake. I disagree with many of his methods, but his intentions were there.

However, each and every conversation about Obama has to include his reliance on debt. To me that is his legacy and many others smarter than I am have stated the same. Some have also gone even further, and I concur, America's debt is a National Security threat. There is no way you can speak about any of his accomplishments without an asterisk, *added more debt than all of the former presidents combined. America now has $20T in debt.

Let me be more succinct, let's say I had been president and you gave me $10 Trillion dollars. There are many many things I could do in eight years with that kind of coin. Without much effort I could increase every Americans salary and employ endless numbers of people. That's $10T on top of any tax revenue by the way.

In that regard, there is one mistake that was made after his victory. He reached out to Romney with an olive branch as he wanted him involved in the economy, evidence that I think he believed Romney had a strong grasp on how to turn things around and Obama respected his acumen. In fact, I recall in the debates one particular comment when Obama spoke about government decisions impacting jobs and Romney said "it's not the job of government to create jobs"...I remember Obama's eyes lighting up, it was almost as if he was saying to himself "oh yeah, Romney is right here."

Romney turned down the opportunity to contribute to Americas success economically. It was a mistake for him and probably to the detriment of America. Who knows if his influence could have ensured a lower debt, even if it were 2-3 T lower it would have been a massive victory.

Who gave Obama 10 Trillion dollars? No one. His total policy contribution to deficit was about 1 trillion, if we exclude 2012 extension of Bush's tax cuts (which I don't presume you or Romney are against)

He didn't fix long term deficit issues, but he didn't exacerbate them the way you insinuate either. And as far as fixing, it wasn't for lack of trying - he always kept the Grand Bargain on the table but couldn't get Congressional support.

I'm not sure how you came up with $1 Trillion...
Here are the FACTS and source: Federal Receipt and Outlay Summary
Total Expenditures $28.303 Trillion (Included TARP payback of $708.3B. Bailout Scorecard | Eye on the Bailout | ProPublica
Total Receipts 21.057 Trillion
Deficit $ 7.246 Trillion Deficits added to national debt!
Plus remember this includes total payback of TARP with (AGAIN remember GWB expenditures included over $600 Billion for TARP..
BUT Obama gets it all paid ($708.3B back plus $84.9B Profit!)

View attachment 124134
PLUS remember Obama's revenue included total payback of Tarp PLUS a $84.9 Billion profit!

Nonsense, just because Federal government ran deficit while Obama was in office doesn't mean Obama CAUSED all of them.

in 2009 we accumulated 1.45T of debt, that number would not be significantly better under ANY president. About 40% of not-forecasted debt increase 2009-now was in revenue shortfalls stemming from Great Recession.

44172-land-figure1.png


There is a persistent failure in politico talk to separate correlation from causation.
 
Last edited:
As Paul Harvey used to say "the rest of the story" is that the Obamacare deductable is so high that middle class families might as well have no insurance. Small businesses were forced to cut their full time staff down to part time and the system is going freaking broke and broken and even democrat lawmakers admit it.

That is why Cruz always talked about 29 rule, and now the 39 rule is back. It also only counted for those who had like the previous poster said less that 50 employees were right. I think the GOP is eliminating any regulation that any company has to offer health insurance pay share. So then the 39 or even 80 hour employee might not have health insurance unless they pay for it fully.

Also the new tax plan, from Goldman Sachs (yes call it the Sachs tax plan) , is not including medical as a deduct, according to their one page outline.

Ps: I want all of this to pass, and I can't wait for the outrage.
 
tumblr_inline_oo1mtctZIP1s2opo4_500.png


We now have 7 full years of economic data since President Obama signed the Affordable Care Act (ACA or “Obamacare”). So, as Republicans in Washington continue their relentless assault on the ACA, it’s a good time to take stock of how America actually fared in the Obamacare Economy.

Before turning to the facts, a reminder of the narrative that the GOP has been pushing about the ACA for so long:

“It will bankrupt our nation, and it will ruin our economy! … This health care law … is already destroying jobs in our country.” — John Boehner, 2011

“We now know that Obamacare has been one of the single biggest drags on job creation since early 2010.” — Mitch McConnell, 2012

“[T]his is going to blow a hole through the deficit even more than we had already thought.” — Paul Ryan, 2012

“Obamacare is directly responsible for destroying jobs and lowering wages for workers” — Senate Republican Policy Committee, 2014

“It is the biggest job-killer in this country.” — Ted Cruz, 2016

“Obamacare is devastating businesses." — Donald Trump, 2016

“Obamacare … this disastrous policy that's been killing jobs." — Mike Pence, 2016

Let’s tackle these false “job-killing, wage-reducing, deficit-busting” myths one by one:

The Obamacare Economy: 7 Years, 16 Million Jobs Created, Middle-Class Incomes Up $3K


Not a single year of GDP growth over 3%. Yet still managed to double the debt. First of its kind failure.



Go get your HelloKitty 4 Function calculator, credulous imbecile

Federal Reserve Economic Data
Link: Federal Reserve Economic Data | FRED | St. Louis Fed
Economic Research Division
Federal Reserve Bank of St. Louis
A191RL1Q225SBEA Real Gross Domestic Product, Percent Change from Preceding Period, Quarterly, Seasonally Adjusted Annual Rate

2014-04-01 4.0
2014-07-01 5.0
2014-10-01 2.3
2015-01-01 2.0


Add these 4 numbers and divide by 4.........POST YOUR RESULT!

4 Consecutive quarters equal 1 year....


Then we will go into greater detail.
 
Look, I've said it before, I didn't dislike Obama. I disagreed with some of his decisions, but I think his desire to keep America out of wars was an admirable one, and he seemed to care about human rights and try and help those not getting a fair shake. I disagree with many of his methods, but his intentions were there.

However, each and every conversation about Obama has to include his reliance on debt. To me that is his legacy and many others smarter than I am have stated the same. Some have also gone even further, and I concur, America's debt is a National Security threat. There is no way you can speak about any of his accomplishments without an asterisk, *added more debt than all of the former presidents combined. America now has $20T in debt.

Let me be more succinct, let's say I had been president and you gave me $10 Trillion dollars. There are many many things I could do in eight years with that kind of coin. Without much effort I could increase every Americans salary and employ endless numbers of people. That's $10T on top of any tax revenue by the way.

In that regard, there is one mistake that was made after his victory. He reached out to Romney with an olive branch as he wanted him involved in the economy, evidence that I think he believed Romney had a strong grasp on how to turn things around and Obama respected his acumen. In fact, I recall in the debates one particular comment when Obama spoke about government decisions impacting jobs and Romney said "it's not the job of government to create jobs"...I remember Obama's eyes lighting up, it was almost as if he was saying to himself "oh yeah, Romney is right here."

Romney turned down the opportunity to contribute to Americas success economically. It was a mistake for him and probably to the detriment of America. Who knows if his influence could have ensured a lower debt, even if it were 2-3 T lower it would have been a massive victory.

Who gave Obama 10 Trillion dollars? No one. His total policy contribution to deficit was about 1 trillion, if we exclude 2012 extension of Bush's tax cuts (which I don't presume you or Romney are against)

He didn't fix long term deficit issues, but he didn't exacerbate them the way you insinuate either. And as far as fixing, it wasn't for lack of trying - he always kept the Grand Bargain on the table but couldn't get Congressional support.

I'm not sure how you came up with $1 Trillion...
Here are the FACTS and source: Federal Receipt and Outlay Summary
Total Expenditures $28.303 Trillion (Included TARP payback of $708.3B. Bailout Scorecard | Eye on the Bailout | ProPublica
Total Receipts 21.057 Trillion
Deficit $ 7.246 Trillion Deficits added to national debt!
Plus remember this includes total payback of TARP with (AGAIN remember GWB expenditures included over $600 Billion for TARP..
BUT Obama gets it all paid ($708.3B back plus $84.9B Profit!)

View attachment 124134
PLUS remember Obama's revenue included total payback of Tarp PLUS a $84.9 Billion profit!

Nonsense, just because Federal government ran deficit while Obama was in office doesn't mean Obama CAUSED all of them.

There is a persistent failure in politico talk to separate correlation from causation.
Healthmyths is an idiot.....and a chronic liar...
 
Look, I've said it before, I didn't dislike Obama. I disagreed with some of his decisions, but I think his desire to keep America out of wars was an admirable one, and he seemed to care about human rights and try and help those not getting a fair shake. I disagree with many of his methods, but his intentions were there.

However, each and every conversation about Obama has to include his reliance on debt. To me that is his legacy and many others smarter than I am have stated the same. Some have also gone even further, and I concur, America's debt is a National Security threat. There is no way you can speak about any of his accomplishments without an asterisk, *added more debt than all of the former presidents combined. America now has $20T in debt.

Let me be more succinct, let's say I had been president and you gave me $10 Trillion dollars. There are many many things I could do in eight years with that kind of coin. Without much effort I could increase every Americans salary and employ endless numbers of people. That's $10T on top of any tax revenue by the way.

In that regard, there is one mistake that was made after his victory. He reached out to Romney with an olive branch as he wanted him involved in the economy, evidence that I think he believed Romney had a strong grasp on how to turn things around and Obama respected his acumen. In fact, I recall in the debates one particular comment when Obama spoke about government decisions impacting jobs and Romney said "it's not the job of government to create jobs"...I remember Obama's eyes lighting up, it was almost as if he was saying to himself "oh yeah, Romney is right here."

Romney turned down the opportunity to contribute to Americas success economically. It was a mistake for him and probably to the detriment of America. Who knows if his influence could have ensured a lower debt, even if it were 2-3 T lower it would have been a massive victory.

Who gave Obama 10 Trillion dollars? No one. His total policy contribution to deficit was about 1 trillion, if we exclude 2012 extension of Bush's tax cuts (which I don't presume you or Romney are against)

He didn't fix long term deficit issues, but he didn't exacerbate them the way you insinuate either. And as far as fixing, it wasn't for lack of trying - he always kept the Grand Bargain on the table but couldn't get Congressional support.

I'm not sure how you came up with $1 Trillion...
Here are the FACTS and source: Federal Receipt and Outlay Summary
Total Expenditures $28.303 Trillion (Included TARP payback of $708.3B. Bailout Scorecard | Eye on the Bailout | ProPublica
Total Receipts 21.057 Trillion
Deficit $ 7.246 Trillion Deficits added to national debt!
Plus remember this includes total payback of TARP with (AGAIN remember GWB expenditures included over $600 Billion for TARP..
BUT Obama gets it all paid ($708.3B back plus $84.9B Profit!)

View attachment 124134
PLUS remember Obama's revenue included total payback of Tarp PLUS a $84.9 Billion profit!

Nonsense, just because Federal government ran deficit while Obama was in office doesn't mean Obama CAUSED all of them.

There is a persistent failure in politico talk to separate correlation from causation.

And yet, you are arguing that Obama caused the jobs growth.

What an idiot!
 
tumblr_inline_oo1mtctZIP1s2opo4_500.png


We now have 7 full years of economic data since President Obama signed the Affordable Care Act (ACA or “Obamacare”). So, as Republicans in Washington continue their relentless assault on the ACA, it’s a good time to take stock of how America actually fared in the Obamacare Economy.

Before turning to the facts, a reminder of the narrative that the GOP has been pushing about the ACA for so long:

“It will bankrupt our nation, and it will ruin our economy! … This health care law … is already destroying jobs in our country.” — John Boehner, 2011

“We now know that Obamacare has been one of the single biggest drags on job creation since early 2010.” — Mitch McConnell, 2012

“[T]his is going to blow a hole through the deficit even more than we had already thought.” — Paul Ryan, 2012

“Obamacare is directly responsible for destroying jobs and lowering wages for workers” — Senate Republican Policy Committee, 2014

“It is the biggest job-killer in this country.” — Ted Cruz, 2016

“Obamacare is devastating businesses." — Donald Trump, 2016

“Obamacare … this disastrous policy that's been killing jobs." — Mike Pence, 2016

Let’s tackle these false “job-killing, wage-reducing, deficit-busting” myths one by one:

The Obamacare Economy: 7 Years, 16 Million Jobs Created, Middle-Class Incomes Up $3K


Not a single year of GDP growth over 3%. Yet still managed to double the debt. First of its kind failure.

Bush would have LOVED a recession-free, steady growth record like that.

Under Obama job growth was four times of what BOTH Bushes combined managed to get.


Again how did Obama accomplish this?



Only in the idiotic world of liberal fantasy a anti business president could do it.



.

I don't think that is the question..

Why did this "anti-business" Usurper manage to do FAR better than two putatively "pro-bidness" POTUS?

Not only job creation, but also Equity Markets' performance...


You wanna see some truly gruesome numbers?

Obviously YOU NEVER heard of Quantitative Easing did you?
The Fed’s $3.5T QE purchases have generated almost half a trillion dollars for the US Treasury since 2009
Screen Shot 2017-05-01 at 10.19.59 AM.png


The Fed's $3.5T QE purchases have generated almost half a trillion dollars for the US Treasury since 2009 • AEI

WHO is going to pay the $3 T in borrowings???
 
Look, I've said it before, I didn't dislike Obama. I disagreed with some of his decisions, but I think his desire to keep America out of wars was an admirable one, and he seemed to care about human rights and try and help those not getting a fair shake. I disagree with many of his methods, but his intentions were there.

However, each and every conversation about Obama has to include his reliance on debt. To me that is his legacy and many others smarter than I am have stated the same. Some have also gone even further, and I concur, America's debt is a National Security threat. There is no way you can speak about any of his accomplishments without an asterisk, *added more debt than all of the former presidents combined. America now has $20T in debt.

Let me be more succinct, let's say I had been president and you gave me $10 Trillion dollars. There are many many things I could do in eight years with that kind of coin. Without much effort I could increase every Americans salary and employ endless numbers of people. That's $10T on top of any tax revenue by the way.

In that regard, there is one mistake that was made after his victory. He reached out to Romney with an olive branch as he wanted him involved in the economy, evidence that I think he believed Romney had a strong grasp on how to turn things around and Obama respected his acumen. In fact, I recall in the debates one particular comment when Obama spoke about government decisions impacting jobs and Romney said "it's not the job of government to create jobs"...I remember Obama's eyes lighting up, it was almost as if he was saying to himself "oh yeah, Romney is right here."

Romney turned down the opportunity to contribute to Americas success economically. It was a mistake for him and probably to the detriment of America. Who knows if his influence could have ensured a lower debt, even if it were 2-3 T lower it would have been a massive victory.

Who gave Obama 10 Trillion dollars? No one. His total policy contribution to deficit was about 1 trillion, if we exclude 2012 extension of Bush's tax cuts (which I don't presume you or Romney are against)

He didn't fix long term deficit issues, but he didn't exacerbate them the way you insinuate either. And as far as fixing, it wasn't for lack of trying - he always kept the Grand Bargain on the table but couldn't get Congressional support.

I'm not sure how you came up with $1 Trillion...
Here are the FACTS and source: Federal Receipt and Outlay Summary
Total Expenditures $28.303 Trillion (Included TARP payback of $708.3B. Bailout Scorecard | Eye on the Bailout | ProPublica
Total Receipts 21.057 Trillion
Deficit $ 7.246 Trillion Deficits added to national debt!
Plus remember this includes total payback of TARP with (AGAIN remember GWB expenditures included over $600 Billion for TARP..
BUT Obama gets it all paid ($708.3B back plus $84.9B Profit!)

View attachment 124134
PLUS remember Obama's revenue included total payback of Tarp PLUS a $84.9 Billion profit!

Nonsense, just because Federal government ran deficit while Obama was in office doesn't mean Obama CAUSED all of them.

There is a persistent failure in politico talk to separate correlation from causation.

And yet, you are arguing that Obama caused the jobs growth.

What an idiot!
Aren't you idiots insisting that he was "killing jobs"?

Now you are bitching because the numbers don't back up that crap?

You wanna see something really frightening?
 

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