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Was the economy as bad as Trump says it was under the Obama administration? The RW pundits like to use data that by its self looks bad but in comparison to the worldwide economic growth it outperformed on all fronts. He also started with the year before he took office as the worst economic year since 1929 with a 9 point loss in the GDP. So does the narrative that Obama has left us with a failed economy really hold water?
Ranking the Obama Economy
Posted from bloomberg.com
Barack Obama
Donald Trump
Economy
Office of the President (POTUS)
Congress
Posted >1 y ago
Responses: 12
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How Fast Should the Economy Grow?
The ideal GDP growth rate is one that enables the economy to grow at a healthy rate. It sustainably avoids both inflation and recession.
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SPC Erich Guenther
LOL, the new normal. Seen that article before and watch it be proved wrong as it was in the 1980's and 1990s.
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It all really depends on the side of economics one is really looking at. My portfolio did quite well under the Obama Administration, shows growth.
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SPC Erich Guenther
SCPO Jason McLaughlin - First I was fortunate because I have the Financial Background and past experience with deep recessions, I started investing in 1970 with my Father's help when I was a kid. However, my Mother lost more than 50% because her Financial Advisor was an idiot. So it is very easy to lose 50% if your relying on a Friend that has no clue what they are doing, posters here should hold back on the insults in that regard because based on what I read so far here and on other boards very few know how to measure their investment returns or where and how to invest properly so it's like your throwing a stone in a glass house when you suggest your smarter than everyone else and then post "I did wonderfully from 2008 to now"........yeah thats great but your ignoring your investments before and few of us here were born in 2008.
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SGT William Howell
SrA Edward Vong - I need to talk to your broker. I lost my ass after ACA came out.
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PO3 Sherry Thornburg
SCPO Jason McLaughlin - Not all of it, but a few of my oil plays fell pretty hard.
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Considering what W left him, President Obama has led the country to a very good comeback. Employment is up, recession is gone, and we are not throwing away money on Iraq.
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MSgt C Madd
PO2 Peter Klein After 8 years it's still Bush #43's fault. First POTUS to never overcome a 3% GDP. 95 million people of working age unemployed. 10.7 million more use food stamps, a 32% jump. I'm not sure I would call that a success.
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SFC Dave Beran
Once again you can't lame others. When W. tried 6 months after he became President all of you yelled foul. Now you are blaming W 8 years later. Talk about double standards. Get real.
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PO2 Peter Klein
The reality is that Republicans resist change till it is too late. W had a GOP Congress and they wouldn't help him.
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PO2 Peter Klein
MSgt C Madd - It is a changing world. People need to be flexible and read the tea leaves, if you will. If your industry is in trouble you need to go back to school and get retrained while you have a job.
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