That's just silly.
Coronavirus
- Thread starter Operational needs
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Unemployment rose to and stayed at 10% through 2010 then declined to 4.7 by the time he left because people were returning to work after the Great Recession. We had stagflation under Obama.
In economics, stagflation or recession-inflation is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high. It presents a dilemma for economic policy, since actions intended to lower inflation may exacerbate unemployment.
This definitely wasn't the case under Obama. GDP growth was slow (some would say anemic) but it was steady. Unemployment started out high but didn't stay that it way, it declined steadily through his tenure. Inflation was practically non-existent at 1.4%, pretty much the lowest it's ever been in modern history. If you were invested in the stock market you did very well, I retired at 54 and it was really the stock market growth during the Obama years that laid the foundation for that. I said at the beginning of Trump's term that as long as the stock market made the same gains as it did under Obama I would be happy with those returns.
newfie
Well-Known Member
Clinton had his wars and military actions, Obama was the drone president , you live in a filtered bubble.
Economically Carter failed and didn't get reelected. I worked in a supermarket then and was in charge of daily putting new price tags on everything that was going up in price. And up, and up.
Where else was investment going to go? The real estate market had collapsed.
I would love to see the quote where Bush said he was called by God to protect America. I recall him stressing that it wasn't a war on Islam, just on radicalized terrorists.
zubenelgenubi
I'm a star
If the country collapses into anarchy and civil war then gold will definitely be going through the roof.Hey man, gold was just primed to go to $25,000 an ounce.
Brownslave688
You want a toe? I can get you a toe.
Old Man Jingles
Rat out of a cage
Obviously, these graphs did not include all the Black-on-Black deaths!
I should have said stagnation. The 1% did well under Obama, but not the middle class.
I'm not in the 1% and I did pretty well, I doubt I'm the only one. The middle class has been shrinking for a lot of years for a lot of reasons, and it's true that Obama didn't really do anything to reverse that trend.
Old Man Jingles
Rat out of a cage
You did well because of the stock market.
Stock prices were deflated beyond reasonableness by the 2008-9 re/de-pression.
In spite of the 10 trillion spent during the Obama administration, you barely got above the March 2008 stock market valuations.
Trump's deregulation and business friendly helped business and working class people that released the pent-up market.
Operational needs
Virescit Vulnere Virtus
FDA warns of hand sanitizers packaged to look like food
The FDA's list of hand sanitizers containing methanol has grown to over 100 — and a new warning has been issued about packaging that's confusing to kids and adults.
I sure am glad I never use hand sanitizer. If you guys have any you might want to check the ingredient list.
Benben
Working on a new degree, Masters in BS Detecting!
You are just a tad bit wrong!
From Reagan to Trump: Here's how stocks performed under each president
President Donald Trump often cites the stock market as a scorecard of his policies. Here’s how the S&P 500 performed under each president from Reagan to Trump.
www.cnn.com
No, you are just plain
ing wrong!
Old Man Jingles
Rat out of a cage
You are not worth wasting my time on.You are just a tad bit wrong!
From Reagan to Trump: Here's how stocks performed under each president
President Donald Trump often cites the stock market as a scorecard of his policies. Here’s how the S&P 500 performed under each president from Reagan to Trump.
No, you are just plain
Jonesy and I have had this discussion in the past.
Benben
Working on a new degree, Masters in BS Detecting!
I know you do!
