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OBAMANOMICS....Good or Bad ?
Let’s accept the fact that President Obama stepped into office 2009 with a bad economy. Now let’s see what he has done about that economy since taking office. He had complete control of Congress for the first year and could do anything he wanted. The Republicans could do nothing to stop him.
Look at the statistics
ITEM 2009 2011
Price of gas (average) $1.83 $4.05
Unemployment 7.6 9.4
Unemployment (long term)(millions) 2.6 6.4
People in poverty (millions) 39.8 43.6
Food Stamps (millions) 31.98 43.2
National Debt (trillions) 10 14
In the last two years we have accumulated national debt at a rate more than 27 times as fast as during the rest of our nation's history.
Metaphorically speaking, if you are driving in the right lane doing 65 MPH and a car rockets past you in the left lane 27 times faster, it would be doing 1,755 MPH!
Can we afford another four years of Obamanomics?
DYLFYR..... While I see no connection between anything the President did and the GNP or DOW....I am listening ....what did he do
VOTE VOTE........ When Obama was unable to keep unemployment under 10 as he promised....he went in and changed the way unemployment was computed...."cooked the books"....
there over 6.4 million hardcore unemployed.... and 11 million illegals
he raise government employment by over a million....that is not reducing unemployment that is "workfare"....welfare with a work component..... employing people to make the figure look better but is NOT improving the REAL economy.... it is a bandaid on cancer....looks better but the problemis still there
ROBERT.... Right here watching....For the first year the Democrats had complete control of both houses of Congress..... The Republicans could not stop any bill the Democrats wanted to pass.... and could not over-ride any Veto the President might impose....Where were you?
10 Answers
- ?Lv 59 years agoFavorite Answer
Obamanomics = Keynesian Economics
I think that explains a lot...
Source(s): Ron Paul ~ R[̲̅ə̲̅٨̲̅٥̲̅٦̲̅]ution Libertarian ~ Austrian Economics - Anonymous9 years ago
Obviously his promises are not materializing.I see him as a sweet talker and who everyone wants to believe.If he is elected again history will repeat itself like when George Bush was relected.Lets give Romney a chance.Hes a good ole Morman boy and all the mormans I know are good people and honest.Not something we see from our past presidents accept for Honest Abe Lincoln.
Source(s): Common sense and gut feeling. - Anonymous9 years ago
Jan. 2009. Losing 820,000 jobs per month.
We’ve now been gaining jobs for over two years.
Jan. 2009. The Dow was around 7000. Today it’s over 13,000.
We’re producing more domestic oil than under GW.
We’re less dependent on foreign oil than we’ve been in 20 years.
Manufacturing is hiring again.
Saved the auto industry.
NOW
CONSIDER
What was happening in Jan. 2009? A shrinking economy that was bleeding jobs like most of us have never seen. And what is happening today? NOT THAT. Get it?
So, the answer is, “Good."
- wyldfyrLv 79 years ago
2008-2009 GNP -1 to -3 for four consecutive quarters
2009-2012 GNP +2 to +4 for thirteen consecutive quarters
Jan 2009 DOW Jones 6700
April 2012 DOW Jones 13000
Thumbs down? The numbers speak for themselves. Haters really hate to face reality.
- 9 years ago
HERP DE DERP
As usual, a (expletive) imbecile who thinks that Obama is the central planner for the economy and thereby controls all facets of the currrent economy.
Gas prices have been rising since 2000, Republican war mongering on Iran does not help.
Most of the debt under Obama is because of the Wars in Iraq and Afghanistan, and the Bush tax cuts. Those were NOT his doing, so attributing the debt they accumulated to him is pathetic and dishonest.
Food Stamps is because we're in the middle of a (expletive) recession, you imbecile, which, I should remind your asinine self, is NOT Obama's fault either.
Unemployment has been declining steadily for 24 months followed by 25 months of straight GDP growth, GM is alive, OBL is dead, and the Dow doubled.
- Anonymous9 years ago
Look, for these facts, you will most likely be called a racist, bigot and republic***.
- Anonymous9 years ago
Of course not......but what pill it is that we need to swallow AGAIN. Hmmmm.......keeps swallowing pills.......
- Anonymous9 years ago
Ever wonder why Obama NEVER mentions his record.
That's why this time his campaign is based on HATE and not HOPE
Hate the rich? Vote for Me
- Anonymous9 years ago
Obama is the champion of dysfunctional people, perverts and lowlifes of every variety.
