It's Official! President Obama is # 1 Economic President!!

http://www.addictinginfo.org/2014/0...-the-best-economic-president-in-modern-times/


It’s Official: President Obama Is The Best Economic President In Modern Times


AUTHOR: RANDA MORRIS SEPTEMBER 6, 2014



A new economic report, published by Forbes.com on September 6, 2014, clearly shows that President Obama is the best economic president in modern times. It’s not an opinion, it’s a fact, based on all of typical the economic indicators, including jobs, investments, growth and expansion, even the rate of inflation. In all of these areas President Obama’s record outperforms that of every other modern president, including conservative idol, Ronald Reagan.

Under President Obama’s leadership, the unemployment rate has now decreased to 6.1 percent, the lowest it’s been since 2007, when the economy began gushing jobs under the failed leadership of then president George W. Bush.

Typically, republicans have tried to detract from the president’s accomplishments. When it comes to the falling unemployment rate, they claim that it is somehow related to large numbers of people just dropping out of the workforce. This would almost be believable if the economy wasn’t creating new jobs at a rate that coincides perfectly with the falling employment rate, but it is. There have been six consecutive months with more than 200,000 new jobs created, with only a slight dip in that number in August. Additionally, there have been 63 straight months of economic expansion and more than two solid years of manufacturing expansion.

In order to satisfy Obama’s conservative critics, Forbes compared the economy under President Obama to that of Ronald Reagan, who the GOP often touts as the best economic president of our times. It’s no surprise to discover that even with many additional obstacles in his path, Forbes concluded that:

“President Obama’s administration has outperformed President Reagan’s in all commonly watched categories.”

In order to complete the analysis, Forbes interviewed Bob Deitrick, CEO of Polaris Financial Partners. The company’s newsletter is reported to be one of the most reliable authorities on economic performance in the country. Here’s what Deitrick had to say about President Obama’s job creation record, when compared to that of President Reagan.

“President Reagan has long been considered the best modern economic President. So we compared his performance dealing with the oil-induced recession of the 1980s with that of President Obama and his performance during this ‘Great Recession.’

As this unemployment chart shows, President Obama’s job creation kept unemployment from peaking at as high a level as President Reagan, and promoted people into the workforce faster than President Reagan.

President Obama has achieved a 6.1% unemployment rate in his 6th year, fully one year faster than President Reagan did. At this point in his presidency, President Reagan was still struggling with 7.1% unemployment, and he did not reach into the mid-low 6% range for another full year. So, despite today’s number, the Obama administration has still done considerably better at job creating and reducing unemployment than did the Reagan administration.

We forecast unemployment will fall to around 5.4% by summer, 2015. A rate President Reagan was unable to achieve during his two terms.”

According to Forbes, this is not only the best private sector job growth in modern history:

“This is the best private sector jobs creation performance in American History.”

Deitrick also made it clear that President Obama has not achieved this reduction in unemployment because of a shrinking workforce, but in spite of it.

“What’s now clear is that the Obama administration policies have outperformed the Reagan administration policies for job creation and unemployment reduction. Even though Reagan had the benefit of a growing Boomer class to ignite economic growth, while Obama has been forced to deal with a retiring workforce developing special needs. During the 8 years preceding Obama there was a net reduction in jobs in America. We now are rapidly moving toward higher, sustainable jobs growth.”

As a final note, President Obama has managed to outperform Ronald Reagan in all of these areas, while at the same time, reducing the national debt. On the other hand, Reagan greatly expanded the debt, and still failed to achieve in eight years, what President Obama has achieved in only six.





Notice that the source is the pro business Forbes magazine.

But of course, every true Patriot knew that all along.

 

I know you are trying to provide comedy relief here right?

the lamestream media of course is saying all this because he is the worst economic president ever.even worse than ronald reagan who the CIA controlled media always brainwash the sheople into thinking was a great president. Obama has followed the footsteps that every president since reagan has done which is take jobs from americans and ship them overseas.

He said in his inaguaration speech he wanted to be like traiter reagan.He has indeed topped traiter reagan thats for sure so yeah,he has betrayed americans even more so than reagan did.

 

and how many lost their jobs this week in new Jersey?....and next month there are going to be over 7500 jobs going that were announced last month...

 

as I said,Obomination has indeed done an excellent job just like he said he would so in his inaguration speech of following reagans footsteps.

that was the ONLY thing that was true to his word on.

 

WOW! I cannot imagine the others!!!!

Well, if you haven't noted it, in the comparison with Reagan there is a little [but really little difference]: Obama is not facing an aggressive Soviet Union spreading communism in a large part of the planet. Obama is ... ehm ... trying and persuading Americans that he is going [may be] to face [perhaps] Islamists of ISIS [only of ISIS! Let's not exaggerate!] in a very limited theater of operation.

Are you serious comparing Obama with Reagan????

 

Revealing what they give TOP billing to when it comes to accomplishments. 6.1% unemployment, and that is the LOWEST of his entire Presidency. Hes just now getting to the normal unemployment rate of the last 20 years. And of course, HIS 6.1% unemployment relies upon the LOWEST Labor Force Participation rate weve sen in decades.

 

Notice how the right wing critics attack the president but fail to note that the source is the pro business FORBES magazine. There is nothing even remotely liberal about this source.


Obama is the best president economics wise we have had and every real patriot knows it.

 

I want right wingers to see that progressive websites are not afraid of quoting from pro business or right wing sources. This allows right wingers to keep a more open mind.

After all, I am not afraid of watching Fox (and, as you know, I have frequently quoted from them on this forum) or any source for that matter. Keeping an open mind is better for everyone.


Now that you and others know that Forbes has decided that this is the TRUTH about President Obama, it's time for you to give him a strong round of applause.

 

Let's reiterate here that the 6.1% unemployment is derived from the lowest number of Americans with full time work in a very long time. 52% of Americans receive some kind of Gov. subsidy. 6.1% of the remainder are unemployed. This means that only 42% of us are floating the boat. Yippee.

 

You only thought you did. Obama and his supporters takes credit for that as well.

 

http://www.forbes.com/sites/adamhartung/2014/09/05/obama-outperforms-reagan-on-jobs-growth-and-investing/


Here's a direct comparison of unemployment.



As for the labor participation rate argument, here's what the report has to say.

“The labor participation rate adds in jobless part time workers and those in marginal work situations with those seeking full time work. This is not a “hidden” unemployment. It is a measure tracked since 1900 and called ‘U6.’ today by the BLS.


the labor participation rate since 1948.


And here is a rather interesting comparison ov corporate returns;



Oh my.

 

Woo, Woo!! But of course we did know this all along as similar statistics had been presented before, only those on the right would rather eat hay than accept these FACTS. But that's how things stand and President Obama deserves Great Credit for that! KUDOS to him for moving the country forward!!

 

/giggle

0bama: The worst possible thing to happen to America, EVER! Period!!

 

So you say, so therefore its correct. Only a fool speaks with nothing to back him up. This attitude that conservatives have world wide is doing more damage then any president could ever do. None is so blind as those unwilling to see the truth.

 

I think the world is lucky to have a statesman as the leader of the most powerful country in the world, at last.

 

Notice that the source is the pro business Forbes magazine
And in order to protect that PRO business atmosphere just what is it you think a PRO business magazine would say?

'Despite loss of jobs resulting in workers giving up on job searching thus resulting in lower unemployment, and businesses succeeding by government stimulation making the 1% more like a point1% and the 99% more like the poor all due to most magnificient Prezzy?'

What happened to all that 'Occupy Blowsheyte'? No more crapping on cop cars?

 

Low IQ, eh?

Where is the proof of your claims?

 

Forbes must be sampling some of that Colorado legal weed when the editors approved that article.



The 800 lb. gorilla in the room they choose to ignore. Heck it's now past $17T.

Sure if you pump trillions of government funds into an economy it might look good on paper, but each generation must absorb an ever increasing massive debt. Entitlements are becoming an ever increasing percentage of the GDP.

Seriously...best economic President?

How can anyone say that with a straight face.

Wait until the student loan debt bomb explodes.

 

Goodness gracious. Either some of you people are just down right ignorant of history, or your hate-filled idiocy has caused you complete brain failure. Unreal, how sick and twisted some people can be, even while standing directly in the middle of facts.

Ignoring facts, don't make your case. Continually regurgitating Republican Steakhouse Propaganda that was posited DURING Obama's inauguration across town in D.C., does not make your case. Lying to yourselves and deluding yourselves when BLS, BEA, OMB and BIS data ALL (to a record) proves you absolutely dead wrong, does not make your case.

You can hate Obama, all you want. You can try to turn the first "Black President," into a failure in your minds for "posterity sake," (so we can say we had a failed first black president) and it will not bring any truth to your bizarre and whacked out storyline.

President Obama, took office on the heals of this - remember:
[video=youtube;T6bmEv2-rFA]http://www.youtube.com/watch?v=T6bmEv2-rFA[/video]

Of course, you don't remember. You have so deluded yourselves that you can't help but forget how we got here and just how bad things were BEFORE Obama, took office. So, when you LIE to yourselves and make the false insinuation that Un-Employment rose to record levels BECAUSE of something Obama did, or did not do, you DO NOT make your case and you only make yourselves seem completely ignorant about how an economy of scale actually works. You DO NOT stop a $13 Trillion economy on a dime, AFTER it has been devastated by eight ( years of total neglect prior. That economy will CONTINUE to slide DOWN, even AFTER the new president takes office - no matter who that new President might be.

Your ignorance about the level of damage done to our economy from 2000 through 2008, long before Obama, ever took office is equally as epic. The United States Economy saw the worst economic reversal since the Great Depression, but because NONE of you Obama Haters every graduated from High School (seemingly), you really don't know how bad things were during the Great Depression and you have no idea which economic indicators to look at that TELLS YOU the economy was just shy of another Great Depression, had it not been for the actions taken by President Obama and his economic team to cure those problems as best they knew how.

No sitting president since Hoover, EVER had the kind of economic regression that Obama, had to deal with upon his entry into the presidency. So, getting really stupid and convincing yourselves that somehow, Reagan, was dealing with the "same or worst scenario," has got to be some of the most blatant and outright lunacy that I've heard in quite some time.

Mother Russia, was shooting itself in the damn foot, just like ancient Rome, killed itself by spending TOO MUCH of its revenues on War, War Efforts and War Implementations - bottom line. Rome, knocked it self out because it became too damn immoral and its soldiers LITERALLY began walking off the battle field and turning in their Trojan Horses, for a damn JOB in other parts of the known world. Why? Because, Rome proper began failing to pay them! They had to put food on the table to feed their children, so many of the defected from the Roman Military Ranks.

Mother Russia, spent itself down the tubes by building its own Military Industrial Complex, instead of building up its own Infrastructure at home, slamming an already suffering workforce into the ground and causing massive job losses along the way for years. After the break-up, former Russian territories began having Super Saturday Flea Market Sales of its surplus military equipment, one of them I fly right now, an L-39 Albatross. If you could have afforded it, you could have even bought yourself a Mig-29 and an Su-27 Flanker, all at bargain basement prices from a "former" Soviet Union stockpile.

Some of you people need to seriously wake up and start educating yourselves.

Hate is one thing, but willful ignorance is completely inexcusable. Trashing and ignoring the economy for EIGHT [8] years is precisely what Bush 43 supporters did. Now, all of a sudden, you have a complaint about the way YOUR mess is being cleaned up? What part of nut cases do you not understand?

 

The weed sampling is done by those who don't know that our entire economic engine was stalled. Somebody had to start spending money. That's how economies move money through the supply/demand cycle. The banks had stopped lending, or has that been forgotten, and were on the brink of collapse themselves. When U.S. banks stop lending, that means the entire middle tier of the Supply Chain ceases to function. No Supply Chain, no Economy. It is just that simple and that is precisely what happened.

So, if somebody does not start pumping money into the system to lubricate the Supply Chain Wheels, then further layoffs would have ensued, more foreclosures would have been filled and consumer credit would have toppled over like King Kong dead drunk from a Friday night out in Hong Kong proper. That is what "Stimulus" meant and it was one of several approaches to solving a problem that only Hoover, had to deal with.

Wake up.

That 800lb gorilla sitting right smack in America's living room, was the election of George W. Bush, in 2000. Do your homework, the growth from $14 Trillion to $17 Trillion from 2008, through now, is both a byproduct of exist Omnibus Spending that was already before Obama, took office and was set-up during the Bush 43 administration -and- Stimulus. This according to OMB. The Iraq and Afghanistan wars were a massive component of that debt because both of those wars were paid off for off the books and Obama, did not initiate that - he was tasked with SHUTTING IT DOWN and he did exactly that.

Please, get your facts straight. All these insinuations and distortions of the truth are predicated on total and willful ignorance.

Anyone with any degree of knowledge about our nation's economic history, already knows it is the statistical truth. The only people moaning over it, are those who know nothing about our present economy, or the history of our economy.

I run a business that is in touch with the global economy each and every day. I see and read the economic data from around the world each day without fail. Nearly across the board, when you study BEA/BLS you find not just increases but rates of increases in economic indicators that not even Clinton, saw during his presidency when over 18 million new jobs were created during the tech boom.

To wit, The NFIB Small Business Index. Why? Because, they have between 1-250 employees and in the aggregate product the largest number of jobs across the United States and they do it in more diverse places than large scale corporations. NFIB measures the level of economic conditions including labor markets, inventories and sales, capital spending, inflation, earnings and wages, and credit markets. This is a very important ticker on what the real economy is doing underneath some of the larger, more well known and more prestigious economic reports.

Here is the graph from mid 2007 through now:


Clearly, you can that small business got slammed BEFORE 2008. Everybody calls it the "2008 Economic Implosion." WRONG! The roof was caving in BEFORE 2008 and small businesses are one of the very first places that savvy economics will look to spot the leading edge of a larger looming trend. NFIB was slammed down to a low 81.0 by Q1 2009. But, the momentum began long before that back in 2007. I could run you through economic data stream after economic data stream to show you just how bad it was and to show you that nobody would have turned around such a tremendously damaged economy in short order.

Student loan debt? Are you kidding me! Our concern is not student loan debt. The problem we have now are all the Unfunded Pension Debt that is looming right now and that problem was created long before Obama, ever became a Senator.

Homework, never hurt anybody, C-130.

 

BTW - notice the growth in NFIB after Obama came to office and stimulus had some time to take hold. Those were jobs being created - slowly but surely - even at a time when Bank's were not extending credit to small and medium size business. Without that spending, WHERE would those jobs have come from?

- - - Updated - - -

There is your 800lb gorilla.

 

/thread

 

For crissakes the "Blame Bush" mantra still exists. I'm not here to defend President Bush...the argument put forth is that our current President has saved the economy from ruin. Absolute horse hockey. It's a sham argument...our present economy is the result of deficit spending...unsustainable deficit spending is not a long-term solution.



The student loan debt bomb waiting to explode similar to the subprime mortgage meltdown in 2007-08.



Wake up and smell the coffee.

 

Turning your attention to Wholesale Inventories. Wholesale Inventories is a Month-to-Month report that is produces by the Census Bureau. This chart makes it clear:



Inventory data dipped to an historic low after the election of Bush 43, and then rose again to nominal levels for approximately six (6) years until Business Managers the economy crashed in late 2008. You can clearly see the impact on the economic downturn take place immediately in the minds of Inventory Managers, as inventory data dropped to a new low level. Now, what brought them back up?

How could those Inventory Managers have sufficient confidence to raise levels, if Obama, was destroying the economy. When you numbknuckles sit back on your rear-ends and spew Popular Media Trash around like it was real Journalism, you do yourselves a serious disservice. When you fail miserably to go study the real data for yourselves, so that YOU can be educated as to what's really happening behind all the hype you watch on "TV," you do yourselves a serious disservice.

Those Inventory Managers had to have a reason to brings these levels not just back to normal, but to a level that was slightly higher than normal as the chart implies. All that happened AFTER the economic implosion and as a direct result of what the Obama Administration had been working so hard to do - put a floor under the economy.

These are the kinds of reports that are not "sexy" to read, but they tell what is ACTUALLY going on in the areas of our economy that matter most. If there is no inventory on the shelves, that means business are not expecting to deplete existing supplies anytime soon relative to the time frame of the report. That says that they have Negative Expectations about Future Sales. That in turn says a lot about the Consumer, their Customers and their ability to continue spending.

More proof that Obama's policies were not killing the economy or jobs - they were actually CREATING THEM. Else, you DO NOT put more inventory on the shelves between 2010 through present. That's a two (2) year turn around time, NOT the six (6) years you keep hearing Obama Haters lie about.