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Author: Subject: Obama Economic Report Card

Zen Peach





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  posted on 8/23/2013 at 10:15 AM
It's now apparent that Obama's Economic Justice Plan is not working. Some facts and figures...



1. 7 of 8 jobs created has been a part-time job

2. 54% are making less than $30,000 annually

3. Average duration of unemployment has grown from 20 weeks in 2009 to a whopping 37 weeks

4. 8,000,000 Americans have stopped looking for work, the highest number in any four year period

5. The trade deficit with China has grown from $216 Billion in 2009 to $315 Billion

6. The poverty rate is a staggering 16%, higher than when the War on Poverty began in 1965.

7. The number of Americans receiving food stamps has grown by an average of 11,000 per day!

8. Average price for a gallon of gasoline. 2009- $1.85 Today- $3.53

9. The average workers health insurance costs have risen 29% since 2009.



Grade: F

 

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Peach Pro



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  posted on 8/23/2013 at 10:25 AM
quote:
It's now apparent that Obama's Economic Justice Plan is not working. Some facts and figures...



1. 7 of 8 jobs created has been a part-time job

2. 54% are making less than $30,000 annually

3. Average duration of unemployment has grown from 20 weeks in 2009 to a whopping 37 weeks

4. 8,000,000 Americans have stopped looking for work, the highest number in any four year period

5. The trade deficit with China has grown from $216 Billion in 2009 to $315 Billion

6. The poverty rate is a staggering 16%, higher than when the War on Poverty began in 1965.

7. The number of Americans receiving food stamps has grown by an average of 11,000 per day!

8. Average price for a gallon of gasoline. 2009- $1.85 Today- $3.53

9. The average workers health insurance costs have risen 29% since 2009.


Grade: F


You touched on it but to put it another way re: low salaried jobs.

Of the six million jobs created during the so called recovery, two million of those are low paying restaurant and retail jobs that carry zilch bebefits. Not to mention that these employees have to be available 7 days a week and live in fear of being written up for the slightest infraction. Home Depot and Lowes are so bad they make Walmat look like a pretty good place to work at.

[Edited on 8/23/2013 by lovelead]

 

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  posted on 8/23/2013 at 11:08 AM
quote:
It's now apparent that Obama's Economic Justice Plan is not working. Some facts and figures...



1. 7 of 8 jobs created has been a part-time job

2. 54% are making less than $30,000 annually

3. Average duration of unemployment has grown from 20 weeks in 2009 to a whopping 37 weeks

4. 8,000,000 Americans have stopped looking for work, the highest number in any four year period

5. The trade deficit with China has grown from $216 Billion in 2009 to $315 Billion

6. The poverty rate is a staggering 16%, higher than when the War on Poverty began in 1965.

7. The number of Americans receiving food stamps has grown by an average of 11,000 per day!

8. Average price for a gallon of gasoline. 2009- $1.85 Today- $3.53

9. The average workers health insurance costs have risen 29% since 2009.



Grade: F



Congress get an even worse grade do to their obstruction of the infrastructure jobs bill that they won't sign off on. So they have been successful at obstructing Obama and creating his negative approval rating while at the same time creating an even much worse approval rating for themselves. Bravo Congress for failing to do your jobs just to stop your boogy man from getting any positive credit.

 

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Maximum Peach



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  posted on 8/23/2013 at 12:07 PM
quote:
Congress get an even worse grade do to their obstruction of the infrastructure jobs bill that they won't sign off on.

Honestly not trying to pick a fight on this, and I'm in full agreement that Congress has become one of many of our failed institutions, but....

When we hear current politicians rattling the saber over infrastructure, why are memories so short? These promises have been made before, and not so long ago. Remember all those 'shovel-ready' jobs? Very little of the spending that occurred as part of the Stimulus went for infrastructure, although the promises that it would were endless. Eventually, humiliated (if that's possible for him) by reports and questions about where the money went, Obama smirked and said that it appeared those shovel-ready jobs were not so shovel-ready after all.

Then in 2010 - not two years after passing the almost $1 trillion Stimulus - he was back at the trough asking for another $200 billion for infrastructure. At least some at the time did some analysis...

quote:
According to Recovery.gov, the President’s own website which accounts for the stimulus funding (ahem), of the first $787 billion stimulus bill, a full $275 billion has gone un-spent as of August 27, 2010. And of the $512 billion of stimulus already spent, only $18.5 billion (less than seven percent) has been paid out by the Department of Transportation on these “shovel ready” jobs.

Let me repeat that: less than seven percent has gone for the promised transportation infrastructure.

http://www.humanevents.com/2010/09/08/scandal-less-than-7-of-trilliondollar -stimulus-spent-on-infrastructure/


7%?

Why on earth would anyone believe that giving these fools more money would change the results this time ?

Making matter worse, back then he was asking for the establishment of an "Infrastructure Bank", code for "slush fund to waste more of your money". Thanks goodness he's not mentioning that anymore.

Neither Congress or the Administration knows the slightest about creating jobs - real jobs - that can be sustained by market needs. Ever wonder why spending money we don't have is the only solution they can come up with?

 

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Zen Peach



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  posted on 8/23/2013 at 12:15 PM
quote:
quote:
It's now apparent that Obama's Economic Justice Plan is not working. Some facts and figures...



1. 7 of 8 jobs created has been a part-time job

2. 54% are making less than $30,000 annually

3. Average duration of unemployment has grown from 20 weeks in 2009 to a whopping 37 weeks

4. 8,000,000 Americans have stopped looking for work, the highest number in any four year period

5. The trade deficit with China has grown from $216 Billion in 2009 to $315 Billion

6. The poverty rate is a staggering 16%, higher than when the War on Poverty began in 1965.

7. The number of Americans receiving food stamps has grown by an average of 11,000 per day!

8. Average price for a gallon of gasoline. 2009- $1.85 Today- $3.53

9. The average workers health insurance costs have risen 29% since 2009.



Grade: F



Congress get an even worse grade do to their obstruction of the infrastructure jobs bill that they won't sign off on. So they have been successful at obstructing Obama and creating his negative approval rating while at the same time creating an even much worse approval rating for themselves. Bravo Congress for failing to do your jobs just to stop your boogy man from getting any positive credit.


I figured you would put the blame somewhere else besides the President. Right on time.

The House has passed upwards of a dozen jobs bills, none of which Harry Reid allowed to come to a vote. Not only that, but it was the Senate that shot down Obama's infrastructure bill.

Of course, all of this just points to the obvious problem. The opinion that the government must constantly spend money to create jobs, expand the economy, and is the source of prosperity. If you hadn't noticed, it's not working. The government doesn't create prosperity, it confiscates it. All of this was predicted, even by posters on this site but it fell on deaf ears.

The only real, lasting source of jobs and economic growth is through the private sector. Obama's distrust of the private sector and capitalism is a roadblock to our recovery, and he's too entrenched in his own failed ideology to even try. He said it himself, he doesn't think it's ever worked. And here we are.

 

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True Peach



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  posted on 8/23/2013 at 12:19 PM
The first infrastructure plan didn't include infrastructure. This one does. The first one was more directed at green jobs, not infrastructure. This would be directed at roads and bridges and tunnels and rail and air and we need massive improvements in all of those areas where we are far behind so many other countries.

 

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Zen Peach



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  posted on 8/23/2013 at 12:34 PM
Isn't around 40 cents of each gallon of gasoline sold supposed to maintain our roads and bridges? Where the hell is that money going? We shouldn't have to borrow money to keep our roads maintained.

 

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Zen Peach



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  posted on 8/23/2013 at 01:19 PM
Real incomes have fallen twice as fast during the Obama "recovery" than during the Bush Recession that we are supposedly recovering from.

 

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Maximum Peach



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  posted on 8/23/2013 at 01:48 PM
quote:
The first infrastructure plan didn't include infrastructure.

I must have missed the decoder ring on that one.

Of the $200 billion he's still asking for, by the time it get filtered through all the greasy, crony hands of Washington, we'd be lucky if $50 billion actually gets to the projects themselves. then we'd have to wait 3-5 years for the EPA studies and court challenges. Take out some union graft (they mandate union labor, in their ever-so-evenhanded way, right?) and we're down to $30 billion. For that money, I doubt you could even fill the potholes of NYC, Boston, and Chicago. But we'll sure fill the pockets of political cronies and friends, which is all this will ever really achieve.

 

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True Peach



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  posted on 8/23/2013 at 03:25 PM
quote:
Isn't around 40 cents of each gallon of gasoline sold supposed to maintain our roads and bridges? Where the hell is that money going? We shouldn't have to borrow money to keep our roads maintained.


I don't know??? I have always wondered why that money along with all of the money collected at toll booths for bridges and tunnels somehow get thrown into general funds and are never used for what they are supposed to be used for??? When you think of the amount of money generated by tolls for bridges and tunnels in a place like NY they should be overflowing with cash and roads, bridges and tunnels should be in pristine condition but they are far from it and I have no clue where all of that incredible amount of revenue goes???

 

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True Peach



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  posted on 8/23/2013 at 03:27 PM
quote:
quote:
The first infrastructure plan didn't include infrastructure.

I must have missed the decoder ring on that one.

Of the $200 billion he's still asking for, by the time it get filtered through all the greasy, crony hands of Washington, we'd be lucky if $50 billion actually gets to the projects themselves. then we'd have to wait 3-5 years for the EPA studies and court challenges. Take out some union graft (they mandate union labor, in their ever-so-evenhanded way, right?) and we're down to $30 billion. For that money, I doubt you could even fill the potholes of NYC, Boston, and Chicago. But we'll sure fill the pockets of political cronies and friends, which is all this will ever really achieve.



LOL! Freudian slip! I meant the first stimulus!

 

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  posted on 8/24/2013 at 07:26 PM
quote:

8. Average price for a gallon of gasoline. 2009- $1.85 Today- $3.53



You do know that the price of gas at the time of his inauguration was an anomalous low, and that the all time high in gas prices (about a dollar higher than it is today) took place 7 months before he was inaugurated, right?

 

Peach Extraordinaire



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  posted on 8/24/2013 at 10:41 PM
Obama with no leadership double F.

 

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Zen Peach



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  posted on 8/24/2013 at 10:45 PM
quote:
quote:

8. Average price for a gallon of gasoline. 2009- $1.85 Today- $3.53



You do know that the price of gas at the time of his inauguration was an anomalous low, and that the all time high in gas prices (about a dollar higher than it is today) took place 7 months before he was inaugurated, right?


Curious. What grade would you give him on the Economic Report Card?

 

Maximum Peach



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  posted on 8/24/2013 at 10:59 PM
quote:
Curious. What grade would you give him on the Economic Report Card?


I know my house in Macon has not gained any real value. However I have kept it rented and am covering most of the costs with a little left over for repairs. I did pretty well when I bought the house I'm living in now in Fredericksburg, VA. I paid less than several of my neighbors who bought a few years previous at the height of the boom. My 401K has doubled since 2008. I'll give an A+ on that front, but how do I credit stock market returns to Obama?

My personal economic situation is good. Yes it is better than under Bush. I can even afford twice monthly maid service, so I guess I'm a job creator.

From what I read the deficit is not growing as badly as it did under Bush. Again I don't know how to credit any single individual. It seems to me that the interest on the debt is a huge part of the problem and of course Bush inherited a surplus. So he didn't have to pay off any debt...

I really don't know that I can give any outsider credit for my economic situation. Or blame anyone for that matter.

 

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True Peach



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  posted on 8/24/2013 at 11:12 PM
Im also doing much better economically since Obama took office, im able to have my wife stay at home for the past 3 years. things were rough for us from oct.2008 well through 2009 [the bush recession]and got a little better every year since. so take your "facts" and "figures" and stick em!

[Edited on 8/25/2013 by pops42]

[Edited on 8/25/2013 by pops42]

 

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Peach Extraordinaire



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  posted on 8/25/2013 at 12:20 AM
quote:
quote:
quote:

8. Average price for a gallon of gasoline. 2009- $1.85 Today- $3.53



You do know that the price of gas at the time of his inauguration was an anomalous low, and that the all time high in gas prices (about a dollar higher than it is today) took place 7 months before he was inaugurated, right?


Curious. What grade would you give him on the Economic Report Card?


I'd give him a C+. For reference I give Clinton an A and Bush an F. Things aren't great, but he did stop the economic slide that could have been much worse. There has been steady improvement ever since he took office. My personal situation is actually a little worse. My wife, a teacher, was laid off due to budget cuts. My job is also not quite as secure as it was a few years ago due to government budget cut backs. I'm not blaming Obama in either case.

 

True Peach



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  posted on 8/25/2013 at 01:46 AM
Of course [alloakiedokie] doesnt mention "republican obstruction" slowing economic recovery. anything to make the other side look bad. [at the expense of most of the american people] they have NO useful ideas [tax cuts for the rich] [welfare for corporate america] they are against "obamacare" but have no viable alternative except the status quo. this is why I have no use for em. fu#k em where they sit.

 

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Peach Extraordinaire



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  posted on 8/25/2013 at 08:06 AM
Obama has done a remarkable job with private sector job growth month after month under the circumstances of the Koch Brother funded bunch of John Bircher/Teabaggers who got elected in 2010 to the house with the sole purpose of filibustering and obstructing every infrastructure and jobs bill put forth. Those bunch of worthless ignoramuses have done more to harm the country and the American people than anything in the last several decades. No other president in history has had to deal with a more clueless and utterly ignorant and worthless group.

 

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Zen Peach



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  posted on 8/25/2013 at 09:12 AM
The Obama Stimulus should have been the infrastructure bill. That train left the station.

The worst thing for the economy is and will continue to be Obamacare. That and tax hikes in the midst of terrible economic conditions. Obstruction is just another weak excuse.

 

Zen Peach



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  posted on 8/25/2013 at 09:18 AM
quote:
I'd give him a C+. For reference I give Clinton an A and Bush an F.


What would you give Reagan?


 

Zen Peach



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  posted on 8/25/2013 at 09:33 AM
quote:
I'd give him a C+. For reference I give Clinton an A and Bush an F.


Another take on the Bush economic record...

http://money.usnews.com/money/blogs/capital-commerce/2009/01/14/media-disto rts-bush-economic-record

Do you blame Bush for the housing crisis?

 

Peach Extraordinaire



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  posted on 8/25/2013 at 09:33 PM
quote:
quote:
I'd give him a C+. For reference I give Clinton an A and Bush an F.


What would you give Reagan?




I give Reagan an A-. I was a big fan, especially his first term, and I was a Republican at the time. Although I'm no fan of trickle down economics, many of his policies helped jump start a terrible economy. Unfortunately, it was also the beginning of run away military spending and the beginning of the ballooning of the massive US national debt..

 

Maximum Peach



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  posted on 8/26/2013 at 12:43 AM
I heard this one recently: who was the last President when our GDP growth exceeded our deficit for their term?

This is a great measurement because it goes right to the heart of economic health of the nation. If the creation of new wealth via GDP growth doesn't exceed the new debt you're adding, you're going backwards.

The answer was: Jimmy Carter

 

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Peach Extraordinaire



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  posted on 8/26/2013 at 12:57 AM
quote:
I heard this one recently: who was the last President when our GDP growth exceeded our deficit for their term?

This is a great measurement because it goes right to the heart of economic health of the nation. If the creation of new wealth via GDP growth doesn't exceed the new debt you're adding, you're going backwards.

The answer was: Jimmy Carter


That is an interesting statistic. I'd never heard that one before.

 
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