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Reply to "Believe it or not. Today, believe it"

jtdavis posted:

So just what did the union and demoslops do for you since it seems others were doing better then you until obama slithered onto the scene and screwed the economy?

Best, I looked up some numbers.                                                                                          unemployment    Jan. 2009=7.8%      June 2016= 4.9%                                                       stock market        2009=  7,000          2016=   18,000                                                          Deficit 2001= 172 plus,    2009=  1,578 billion deficit,  2015=  438 billion deficit

Would you mind telling me what part of the economy Obama screwed up. It appears that he saved the economy.

Good example of leftists playing with numbers which they no more understand than phlogiston theory of combustion.  National debt 2008 – about $10 trillion.  National debt 2016 -- $19.4 trillion. By the end of 2016, the administration will have added as much as every other administration in history.  Average GDP growth for the last 7.5 years – 1.3 percent.  That is the worst in over 100 years. Probably the worst in history.  The extreme increase in the value of the stock market is the equivalent of the increased cost of housing by 2008.  For 150 years, homes were depreciating assets.  By government injecting $1 trillion thru Freddie/Fannie, homes rose in value, rather than depreciating.  Now, the Fed caused interest rates to drop to almost zero for small and middle savers – savings accounts, money market accounts, CDs, etc.  Even federal treasury bond yields are at a historic low.  Companies that must invest funds to produce revenue for fortune expenses are forced into the stock markets.  Investors are bidding up the stock values well above the actual value, similar to 1929.  BTW, such companies include companies responsible for insurance companies and pensions.  Obama has set up the nation for another recession, with the government stuck with an inability to borrow when interests rates increase.


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