The following is a great list of the State of the Union as Trump takes over. His supporters have accepted his claim that America isn't great and he'll make it great again. We'd all do well to save this list for comparison in one year. http://www.npr.org/2017/01/19/510491692/the-america-donald-trump-is-inheriting-by-the-numbers Unemployment December’s unemployment rate is more than three points lower than when Obama took office and more than five points below its October 2009 peak of 10 percent. Jan. 2009 7.8% (Dec. 2016) 4.7% GDP When Obama took office, the U.S. was deep in a recession, and GDP had fallen by 3.5 percent over the prior year. After plummeting to -4.1 percent, the GDP growth rate righted itself, and as of the third quarter of 2016 was 1.7 percent — modest, but steady. (The value shown is the percent change in GDP from the same period one year ago. (Q1 2009) -3.5% (Q3 2016) +1.7% Household income Household income was declining as of 2008; it would go on to dip below 53,000 in 2011 and 2012. The rise since then has been encouraging, particularly the 5.2 percent jump between 2014 and 2015, one of the biggest increases in 50 years. (Values shown are in 2015 dollars 2008 $55,376 (2015) $56,516 There are many more. Some Obama's admin did poorly on most positive.
It won't stop, but what worries me a lot is that the public has this awesome concept that presidents are able to closely manage economies. I did not blame Obama for his economy and believe me, the numbers do not lie. What they do is wink though. They wink at what they ignore. They ignore we have a record measure of job inaction, also known as the job participation rate. This is really more vital and important than the unemployment rate. Take a look at growth of the economy for instance. Why is Obama bragging about unemployment when the growth is so poor? When the economy hits high gear, the major change is employers will be forced to scramble to find workers. And to get them, pay has to increase. Obama admits the poor are in lousy shape and that he says the middle class still suffers. And you guys don't see his problem?
Absolute nonsense and entire threads have been devoted to explaining why. Please don't start that silliness again.
Mostly minimum wage, no benefits, part time jobs. That's a plus? The mean GDP growth rate never made it over 2% for all Obama's 8 years in office. Plus adding $9 trillion dollars to the debt. The first President since Herbert Hoover not to see a single year go over 3% GDP growth. Part time work for one and all. Sorry my friend even Jimmy Carter did better.
Just giving you the base line for Trump. We'll check back in a year and see which directions your graphs are pointing then.
The labor market has increased by 3 million people despite adding 2 million jobs annually sense 2012; the level of multiple jobholders is the highest level since the financial crisis started, and the spread between the U3 - U6 unemployment rate is the same as it was last year and the year before. This tells us that there is still much more slack in the labor market, and not much ground has been covered since 2014. Average annualized GDP growth before the recession as 3.3%. Average annualized GDP growth since the recession has ended 2.1%. There hasn't been much economic acceleration. This one is particular tricky, because of the delay between the BLS Current Population Survey and the Buearu of Economic Analysis National Income and Personal Accounts (NIPA) data. The Commerce Department’s annual income series also shows a different pattern of income gains over the course of the recovery. While the Census household survey suggests that virtually all the income improvement in the recovery occurred in 2015, the Commerce Department’s personal income statistics show sizeable income gains in four of the last five years. If there is many more, we haven't seen it; or rather, we have yet to see it. The economic recovery has been very anemic.
You are wasting keystrokes with your Truthing, Liar In Chief's supporters only want to hear the lies that make their favorite liar appear good.
Okay, to just focus on the highlighted portion there. The problem is, that the LABOR PARTICIPATION rate is at its lowest point since the 1970's. Yes, this is a problem. But let's look at the number. The last time it was at the percentage it is now, about 63%, was in the 1970's, when most women still stayed home to watch the kids. Feminism and hyper-inflation in the 1970's forced a lot of women in the workplace to the point where female employment is higher than male employment (Part of the White Male Angst that propelled Trump into the White House, unfortunately.) The thing is, the Labor Participation rate peaked at 67% in 1999, and has been declining ever since. Part of this is because as a society, we are getting older, and living longer, so we have a larger percentage of the population that is retired. That accelerated in 2010 when the first of the baby-boomers started retiring in combination with the Great Recession. This is not unique to the United States, Western Europe and Japan are facing the same problem. It's particularly bad in Japan because they don't allow immigration. So expect that problem to get worse. The thing that makes Trump so noxious is that he's blaming immigrants and foreign competition for job losses, when the real drivers of job losses are automation and process improvement. He's promising these angry white men jobs their fathers had that disappeared, are never coming back and they'd never want to work to start with.
This is what Donald is inheriting... Worst GDP growth by a president in history, never broke 3% in the past 8 yrs. Total jobs number just now exceeding the peak of 2008 and 15 million below the long term trend still. Welfare participation grew twice as fast as the workfare participation. Greatest growth industry was the waitress industry, poorest was manufacturing. Highest budget deficits since WW2. Highest number of people not in the workforce in 60yrs. Most number of people on welfare in US history, Lowest home ownership rate in 50 yrs, Slowest recovery in history, much thanks to Obamacare, Interest rates and fed still in full emergency mode(why? if everything is so perfect), first US debt downgrade in history, literacy rate worse than 100 yrs ago, Highest federal spending(ie, non-productive spending) as a % of GDP ever. We are back in a huge stock, bond, realty bubble again. Doubled the national debt in 8 yrs, slowest wage growth of any recovery, 94% of "new" jobs part time, Cold War 2 almost on, Middle East mess continues/Syria/ordered 26,000+ bombs dropped in 2016 alone, only president in history to be at war every day of his administration, brokered more arms sales than any president since WW2, Trillion dollar expansion of nuclear arms production facilities, poor race relations, immigration issue worse than even, on and on... Another completely failed presidency.
Remember this date, Jan 20th, come back in a year, I'll be waiting your excuses. Oh wait, you're already making excuses based largely on falsehoods you've accepted as truth. It's going to be real hard on you to come up with bigger excuses for bigger fails.
In the real world, however, nobody in the Middle Class is better off. Inner city neighborhoods are worse than ever. Race relations are worse than ever. Nobody I knew in the oilfield is employed. Healthcare is unaffordable. But hey, if you're a lazy ass or millionaire, I'm sure things are perfect! People spout off about what Obama inherited but I was far better off under Bush. Take your numbers and throw them over the deficit ceiling along with obama and his accrued debt. It won't be long before that error comes to an end.
Lucky for all of us, Liar-In-Chief just left the Oval Office for the last time and the end of an error is only 2 hours and 23 minutes away.
Over 9 trillion more in debt. Not one year over 3% growth in GDP the last 8 years. Lowest employment participation rate since the 70s. The only way is up!
Most of them are not falsehoods. We know that during the election Trump has performed strong in areas that were economically weaker. We also know that 93% of counties across the country have not fully recovered from the financial crisis. http://blogs.wsj.com/economics/2016...-havent-recovered-from-recession-study-finds/
There are three kinds of lies... Every agency of the federal government under Obama is politicized. It's his fault his administration has no credibility. I don't when I'll be able to trust government statistics. I don't know that I ever did. That being said, as for illegal immigrants; I refuse to believe there are only 11 million, and fewer than when Obama took office. Now they're pissing down our backs and telling us it's raining. There's no way.
