The truth is Bush made a mess and Obama, despite obstruction at every turn, has turned the economy around in fantastic fashion.
I begged for permission to republish his post, and he graciously permitted it.
So here we go…
The economy may not be great, but it has improved greatly since late 2008…
GDP performance during the Obama Administration has gone into positive growth.
US stock markets performance during the Obama Administration…
DOW in 01/20/2009: 7,949.09
DOW in 07/27/2012: 13,075.66
Rate of Return: 64.49%
S&P 500 in 01/20/2009: 805.22
S&P 500 in 07/27/2012: 1,385.97
Rate of Return: 72.12%
NASDAQ in 01/20/2009: 1,440.86
NASDAQ in 07/27/2012: 2,958.09
Rate of Return: 105.30%
Private jobs hemorrhage slowed down during the Obama Administration and eventually went into positive territory.
Comparing unemployment rate fluctuation between President Bush and President Obama.
Unemployment Rate Change: 83.33% increase
Unemployment Rate Change: 6.49% increase
Unemployment rate has been trending down now during the Obama Administration…
…Even though the Tea Party Nation urged small business owners to not hire people in order to make Obama look bad.
Or when a company with company policies about not hiring until Obama is gone based on nothing to do with the basic supply and demand process for his business goods.
Or having the GOP blocked a 10 percent tax break for small businesses that hires new employees.
Even so, the job market did improve. Read all about it…
If you are unemployed or underemployed, you don’t have a 4 year degree (or higher) and blame Obama for your situation, then maybe you should get a college degree. It is not the Government’s fault you don’t have the necessary skills to compete in today’s world. The Government can even help you pay for it (via student loans, grants, GI Bill etc.).
Average weekly paychecks have improved.
Inflation has not been out of control, and economically dangerous deflation has stopped.
Manufacturing has started to go up.
Consumer spending is up.
And when another user on Fark, unimpressed, asked for the chart showing that Obama has become less black, Hugram graciously provided the following.
“His hair has been getting less back… that has to count for something.”
Thank you to Hugram for this guest post.