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[–] Spear1000 1 point 7 points 8 points (+8|-1) ago (edited ago)
Anything good is despite Obama, not because of him.
[–] freddymercury 0 points 2 points 2 points (+2|-0) ago
Let's look at the data. Debt to GDP Growth by President The economy is growing consistently since Obama took office. That is in stark contrast to the recessions at the end of both recent bush presidencies. I'm not sure how people can say the republicans handle the debt and economy better when they consistently run up debt and tank the economy. General data on the USA do show general improvement. We do have an issue where the wealth created during this recent long growth period is not being evenly distributed. But, that is the american way. Kind of a new gilded age. Notes: Recession and debt growth from reagan / bush presidencies gives Ross Perot 17 percent of the vote in 1992. Recession during second bush presidency almost catastrophically collapsed the world economy. Also of note is Andrew Jackson dismantling of the National Bank of the US and move towards a gold standard. We have dismantled the national bank and moved to the godl standard before. The result was economic catastrophe.
[–] cynoclast 0 points 2 points 2 points (+2|-0) ago
The economy is booming. But the working class' share of it has been in decline since 1970 when congress' secret ballot was taken away which led to the lawmakers of the land being for sale to the highest bidder, which is not the working class.
[–] goodluvin 0 points 2 points 2 points (+2|-0) ago
counter point: One of the main drivers of stock market valuation is corporate profits.
Some would argue that high corporate profits may not accurately gauge the health of the economy. For instance, employment and wages can be seen as inversely correlated to corporate profits.
[–] mik3 ago
RBS also screaming panic..http://www.theguardian.com/business/2016/jan/12/sell-everything-ahead-of-stock-market-crash-say-rbs-economists
[–] 3896330? ago
Well, I'm not too surprised, really. Now the president is just outright spouting obvious lies.
Sorry, but yeah... the economy IS still in decline.