33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama | TigerDroppings.com

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arseinclarse
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33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama


Thanks, Obama!

quote:

Barack Obama has been running around the country taking credit for an "economic recovery", but the truth is that things have not gotten better under Obama. Compared to when he first took office, a smaller percentage of the working age population is employed, the quality of our jobs has declined substantially and the middle class has been absolutely shredded. If we are really in the middle of an "economic recovery", why is the homeownership rate the lowest that it has been in 18 years? Why has the number of Americans on food stamps increased by nearly 50 percent while Obama has been in the White House? Why has the national debt gotten more than 6 trillion dollars larger during the Obama era? Obama should not be "taking credit" for anything when it comes to the economy. In fact, he should be deeply apologizing to the American people.



This post was edited on 8/24 at 11:01 am



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EthanL
LSU Fan
Auburn,AL
Member since Oct 2011
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re: 33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama


Thanks a lot Obama!





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Reubaltaich
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Member since Jun 2006
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re: 33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama


NB4spidertuber/otter/anachysaysboos'whysfault





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Lsut81
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re: 33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama








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RockyMtnTigerWDE
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40535 posts

re: 33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama


nb4healthcarewasincreasinganyway

nb4weneeduniversalhealthcare






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Reubaltaich
USA Fan
A nation under duress
Member since Jun 2006
2554 posts

re: 33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama


Our dear leader's plans are working to perfection.

Bring down the 'boos'why', create a huge dependent voting welfare state and make the white 'mane' work as slaves to support the eaters.






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Overbrook
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Member since May 2013
1626 posts

re: 33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama


And yet the GOP continues to promote policies that put us into this mess: tax cuts for the rich (add massively to the deficits and create very little growth); unceasing corporate welfare, usually through the tax code (skews free markets, and, again, much of that simply isn't re-invested), are horribly failed measures.
Come up with something that will address and fix the problem. And do the same for health care, while you're at it. GOP are supposed to be the economic gurus.



This post was edited on 8/24 at 10:51 am


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TerryDawg03
Georgia Fan
The Deep South
Member since Dec 2012
1828 posts

re: 33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama


quote:

#5 40 percent of all workers in the United States actually make less than what a full-time minimum wage worker made back in 1968.


In all fairness, there are a ton of moving parts to this one.

quote:

#29 Under Barack Obama, the velocity of money (a very important indicator of economic health) has plunged to a post-World War II low.


Very interesting. It's been a long time since I've studied velocity, but consider the definition from the Fed:
quote:

The velocity of money is the frequency at which one unit of currency is used to purchase domestically- produced goods and services within a given time period. In other words, it is the number of times one dollar is spent to buy goods and services per unit of time. If the velocity of money is increasing, then more transactions are occurring between individuals in an economy.


This likely would have fallen with any POTUS until we finally decide to produce our own energy.

But yeah, BHO is an economic hack.

Forward!






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Ace Midnight
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re: 33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama


Facts are racist.





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davesdawgs
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Member since Oct 2008
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re: 33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama


And as cited in a separate story I cited, Black Americans have become decidedly worse off under the Obama admin. You won't hear MSNBC highlighting those statistics.





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Bestbank Tiger
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re: 33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama


quote:

add massively to the deficits and create very little growth


Look up federal revenues compared to federal spending. The latter has exploded under Ogump and is producing no economic growth. We raised taxes on the rich at the beginning of the year with nothing to show for it. Try again.

quote:

unceasing corporate welfare


Ok, you have a point here. The GOP enacted the individual mandate, forcing 99%ers to fork over their money to corporate fat cats. They dumped massive amounts of taxpayer money into boondoggles like Solyndra. They gave GE billions of dollars of our money and a seat in the West Wing while GE paid no taxes. The stupid goopers are keeping ethanol mandates in place in spite of overwhelming scientific evidence that it's a bad policy.

quote:

horribly failed measures


Meaningless catchphrase.






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Bestbank Tiger
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re: 33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama


quote:

a smaller percentage of the working age population is employed, the quality of our jobs has declined substantially and the middle class has been absolutely shredded. If we are really in the middle of an "economic recovery", why is the homeownership rate the lowest that it has been in 18 years? Why has the number of Americans on food stamps increased by nearly 50 percent while Obama has been in the White House? Why has the national debt gotten more than 6 trillion dollars larger during the Obama era?


Bush's fault.






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deltaland
Mississippi St. Fan
Member since Mar 2011
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re: 33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama


quote:

And yet the GOP continues to promote policies that put us into this mess: tax cuts for the rich (add massively to the deficits and create very little growth); unceasing corporate welfare, usually through the tax code (skews free markets, and, again, much of that simply isn't re-invested), are horribly failed measures.
Come up with something that will address and fix the problem. And do the same for health care, while you're at it. GOP are supposed to be the economic gurus.


So, since things have gotten exponentially worse under Democratic rule, you blame the GOP?

Explain why under GOP rule (meaning a Rep. President and control of at least 1 house, or GOP has both houses but a Dem pres) the economy is usually pretty good?

Economy was good under Reagan, it was good under Clinton's 2nd term when GOP has control of both houses. It was ok under Bush early on, 9-11 hurt the economy some and then the Dems took control of both houses in 2006 midterms and the economy crashed thereafter.

Now Obama has exponentially increased our economic downturn. To me, it largely isn't the GOP's fault we are in this bad of a mess.






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ItNeverRains
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re: 33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama


quote:

#24 According to one recent survey, 76 percent of all Americans are living paycheck to paycheck.


this can't be correct, can it?






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BigAppleTiger
LSU Fan
New York City
Member since Dec 2008
6131 posts

re: 33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama


quote:

Now Obama has exponentially increased our economic downturn. To me, it largely isn't the GOP's fault we are in this bad of a mess.



Then you fit in perfectly with most of the other idiots on this board. You're home.






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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
12938 posts

re: 33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama


quote:

Then you fit in perfectly with most of the other idiots on this board. You're home.


Got some info to dispute these facts?

Baby Ocelot







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Chimlim
LSU Fan
Baton Rouge, LA
Member since Jul 2005
11274 posts

re: 33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama


quote:

So, since things have gotten exponentially worse under Democratic rule, you blame the GOP?


All Democrats do, they will never criticize each other. That's one area where I have to hand it to them, no matter how much they frick things up, they will never blame their own, they stick together no matter how much they ruin the economy. Blaming Republicans is just an easy and convenient excuse because their base is dumb enough to believe it.






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Champagne
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re: 33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama


I don't care about these kinds of stories anymore. They don't teach me anything new. They present nothing to me that I did not fully expect.

The US electorate will have to learn the lesson about voting for Democrats the hard way.

Articles like this aren't going to change any Democrat voter's mind.






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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
12938 posts

re: 33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama


quote:

Then you fit in perfectly with most of the other idiots on this board. You're home.


quote:

Got some info to dispute these facts?



Yo BigAppleTiger, how bout it? Come on, show me how we are all wrong.







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TOPAL
LSU Fan
Member since Mar 2010
764 posts

re: 33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama


Libtard aren't good with facts, just emotion and academic theory.





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