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'OBAMA’S LEGACY: Worst GDP in 50 years, Stagnant Wages, Poorer Health'
I'm with Barry - I hope Trump doesn't ruin all that!
Not for 8 years straight.
Based on your chart it looks like GDP growth was worse in the early eighties.
“Now they tell us. A new report on the economy finds that productivity growth is at a 50-year low and that much of the positive talk about the nation’s financial situation in the last election, much of it coming from the administration, was a lie.”
US economy: No recovery, wages in reverse
The OP is about Obama's bullshit lies about how great and wonderful the economy is. So yes, I can blame him for that as well as his push to get companies to leave the US.“Now they tell us. A new report on the economy finds that productivity growth is at a 50-year low and that much of the positive talk about the nation’s financial situation in the last election, much of it coming from the administration, was a lie.”
US economy: No recovery, wages in reverse
Weatherman,
This is actually a good article because it shows the longterm trend line of wages.
Here are some things you might consider.
There are two economies. Economy 1 is for the wealthy elite, whose portfolios have seen unprecedented growth over the last 3 decades. Economy 2 is for the working class, which has seen frozen wages since the 70s, and sharp declines starting in 1999.
Here is the scary part. Prosperity at the top (economy 1) comes partly from the low wages at the bottom (economy 2).
So here are some things you might want to check out. Look at the trade and labor laws from 1945-1980 (when labor was given a decided advantage over capital, and working class wages/benefits were tied to economic growth).
Then look at what happened to the labor and trade laws starting in 1980, and continuing through Clinton to the present day. This is when we started to de-industrialize and allowed our noble capitalists to move production to wherever they could find the cheapest labor. This is when globalizing billionaires started getting their ties made in Mexico and their steel from China. The billionaires made higher profits by cutting the American worker out of the loop. Their economy did great, but the worker's economy died because they now had to compete with shoeless peasants in Taiwan for production contracts.
The post Carter economy witnessed the birth of the divide between Wall Street and Main Street.
If you want to understand the longterm decline of wages, you should go back to the choices we made starting in 1980. Study what happened to trade and labor laws from Reagan through Clinton. I had to write a college paper about Reagan's textile trade policies. It turns out that Nike investors make insane returns when their stuff is made for pennies in Taiwan. Problem is: when we shift production to Taiwan so that one group of Americans can live like kings, we end up destroying the wages of the working class.
You owe it to yourself to study this stuff carefully. Rather than citing topical articles and blaming everything on Obama, you should try researching this stuff. You might discover Obama is even more guilty than you originally thought, or you might discover that the seeds of globalization were planted a long time ago. You owe it to yourself to learn this stuff, especially which parties donors benefit the most by "flexible" labor markets.
Considering that Bush left the country in its worst shape since 1932, Obama and the congresses did OK.
Because of the infighting, they did not do enough.
Now Trump can just blame Bush too if things don't go well.Considering that Bush left the country in its worst shape since 1932, Obama and the congresses did OK.
Because of the infighting, they did not do enough.
Booosh BOOOOSH BOOOOOOOOOOOOOOOOOOOOOOSH. Obamatard has been in charge for 8 years and you lame asses are still blaming Bush, pathetic.
Considering that Bush left the country in its worst shape since 1932, Obama and the congresses did OK.
Because of the infighting, they did not do enough.
Booosh BOOOOSH BOOOOOOOOOOOOOOOOOOOOOOSH. Obamatard has been in charge for 8 years and you lame asses are still blaming Bush, pathetic.
Considering that Bush left the country in its worst shape since 1932, Obama and the congresses did OK.
Because of the infighting, they did not do enough.
Booosh BOOOOSH BOOOOOOOOOOOOOOOOOOOOOOSH. Obamatard has been in charge for 8 years and you lame asses are still blaming Bush, pathetic.
Yeah Bush didn't leave a deficit because 8 years has past. (That's his real argument folks)
The truth hurts you, blues, but it is what is.Considering that Bush left the country in its worst shape since 1932, Obama and the congresses did OK.
Because of the infighting, they did not do enough.
Booosh BOOOOSH BOOOOOOOOOOOOOOOOOOOOOOSH. Obamatard has been in charge for 8 years and you lame asses are still blaming Bush, pathetic.
The truth hurts you, blues, but it is what is.Considering that Bush left the country in its worst shape since 1932, Obama and the congresses did OK.
Because of the infighting, they did not do enough.
Booosh BOOOOSH BOOOOOOOOOOOOOOOOOOOOOOSH. Obamatard has been in charge for 8 years and you lame asses are still blaming Bush, pathetic.
Your yelling and smelling changes nothing.
No, you are mocking no one, merely showing what an idiot you are. You can't accept the truth: that is your problem and you have to deal with it.The truth hurts you, blues, but it is what is.Considering that Bush left the country in its worst shape since 1932, Obama and the congresses did OK.
Because of the infighting, they did not do enough.
Booosh BOOOOSH BOOOOOOOOOOOOOOOOOOOOOOSH. Obamatard has been in charge for 8 years and you lame asses are still blaming Bush, pathetic.
Your yelling and smelling changes nothing.
No I'm mocking you fool, did you have recent brain surgery that went horribly wrong?
That's a lie, retard. A very obvious one.“Now they tell us. A new report on the economy finds that productivity growth is at a 50-year low
That's how it works for you retards. You blame Obama for negative economic news, but NEVER Bush.Considering that Bush left the country in its worst shape since 1932, Obama and the congresses did OK.
Because of the infighting, they did not do enough.
Sure Snowflake... it's all Bush's fault.
Single years, dufus. Blips on the graph. Obummer has a running theme and is the first President in history to never see a 3% annual GDP. First EVER. Including those Presidents who died in their FIRST term.That's a lie, retard. A very obvious one.“Now they tell us. A new report on the economy finds that productivity growth is at a 50-year low
The GDP growth was at -0.3% for 2008, and -2.9% for 2009. You have to go all the way back to 1946 (70 YEARS!) to find a worse GDP growth figure.
That is BUSH's legacy.
Consumer Confidence skyrocketed when Trump won.That's how it works for you retards. You blame Obama for negative economic news, but NEVER Bush.Considering that Bush left the country in its worst shape since 1932, Obama and the congresses did OK.
Because of the infighting, they did not do enough.
Sure Snowflake... it's all Bush's fault.
Hypocrites.
Post the links. We don't accept 'fake news' from the likes of you.Consumer Confidence skyrocketed when Trump won.That's how it works for you retards. You blame Obama for negative economic news, but NEVER Bush.Considering that Bush left the country in its worst shape since 1932, Obama and the congresses did OK.
Because of the infighting, they did not do enough.
Sure Snowflake... it's all Bush's fault.
Hypocrites.
Game over.
