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Rip
Lv 5
Rip asked in Politics & GovernmentGovernment · 7 years ago

is the nation better than it was before Obama, If so how?

5 Answers

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  • 7 years ago
    Favorite Answer

    Does this labor participation rate chart look like we are?http://research.stlouisfed.org/fred2/series/CIVPAR...

    ​​Sorry I was unable to get YA to print the chart due to my lack of that skill.

  • Jim
    Lv 7
    7 years ago

    Four years ago, GDP was in freefall. For the past three years, it has been growing steadily. It's now considerably higher than it was four years ago.

    Fewer Americans (as a percent of the population) are working than at any time since the early 1980s. And the ratio is considerably worse than four years ago.

    the number of jobs in the country is growing again. We're still a long way from the peak employment of 2007, but we're almost back to the level of four years ago.

    Average hourly earnings have increased nicely (before adjusting for inflation).

    debt growth has not triggered the hyper-inflation that debt hawks thought that it would. On the contrary, inflation is tame. And it's lower than it was four years ago.

    the deficit has ballooned in part because of a decline in tax revenue, not just an increase in spending. Tax revenue as a percent of GDP is about where it was four years ago--and far lower than in the 1990s.

    Stocks were also in freefall four years ago. They've since recovered all of their losses and are crawling toward a new high.

    The inequality that has developed over the past 30 years is a huge problem for the country.

    Four years ago, the economy was in freefall. Now, it is steadily recovering. The unemployment rate is still way too high, but it's declining. Households have begun to reduce their debts and save more--with the exception of the poor and lower-middle class, who are suffering. The federal deficit is huge, but so far, it has not caused an increase in inflation. In other words, things are getting better, albeit not as fast as everyone would like.

    Read more: http://www.businessinsider.com/are-you-better-off-...

  • ?
    Lv 5
    7 years ago

    This country has been kicking the can down the road for a long time soon that road will end. Don't blame Mr Obama for the deppresion we are in he just got elected a wrong time when the dollar was on its knees. The truth is The Federal Reserve is in control of our money supply they decide how much goes in and when to much goes in prices start to rise, people go hungry this hurts mainly the middle class.

  • ?
    Lv 6
    7 years ago

    We were heading for another great Depression. Catastrophe averted. The DOW went from a low of 6900 when the recession bottomed out to a current 16,800. I personally have profited-- when everybody was selling I was buying, and what I bought is worth a lot more now.

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  • ?
    Lv 7
    7 years ago

    No, obviously not. Which is why there will be another shellacking come November. Doh.

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