Its Official Obama Is The First President In Recent History To Never Have A Single Quarter Of least 3% GDP (NAFTA, unemployment rate)

[fordtrucks]

GDP growth trimmed to 1.1 percent. How this man gets 50 percent approval rating is beyond belief. Im saddened to say we've become a nation of free loaders. That care nothing about the future of the nation as long as they get their free stuff.


https://ca.news.yahoo.com/u-second-q...-business.html

[le roi]

Originally Posted by fordtrucks

How this man gets 50 percent approval rating is beyond belief.

We're a damn sight better than we were in January 2009 when he took office.

Perhaps you were unaware that there was a financial catastrophe in 3Q-4Q of 2008 at the tail end of the Bush administration.

Originally Posted by fordtrucks

Im saddened to say we've become a nation of free loaders. That care nothing about the future of the nation as long as they get their free stuff.

"Free loaders." You must be referring to the financial and housing bailouts.

[DRob4JC]

Originally Posted by le roi

We're a damn sight better than we were in January 2009 when he took office.

Perhaps you were unaware that there was a financial catastrophe in 3Q-4Q of 2008 at the tail end of the Bush administration.

So in other words, in a little less than eight years, we are in pretty much the same place as we were coming off of a financial catastrophe.

Well the 30 companies in the Dow Jones, and a few other chosen companies are doing well. That's about it.

Not exactly a resume' enhancement...

[Kode]

Originally Posted by DRob4JC

So in other words, in a little less than eight years, we are in pretty much the same place as we were coming off of a financial catastrophe.

THANKS A LOT YA DAMNED REPUBLICAN OBSTRUCTIONIST CONGRESS!!


https://www.youtube.com/watch?v=YT1JV65rokc

[DRob4JC]

Originally Posted by Kode

THANKS A LOT YA DAMNED REPUBLICAN OBSTRUCTIONIST CONGRESS!!

The video means nothing. The Dems would say the same in the opposite scenario.

It's a team effort... both the Congress and the President. They have been obstructing each other.

So you can say their unwillingness to agree plays a factor in the lack of growth.

But you can't overlook what the President and the Cabinet have done outside of the Congressional realm with the tons of regulations that put sludge in the engine of the American economy.

[le roi]

Originally Posted by DRob4JC

So in other words, in a little less than eight years, we are in pretty much the same place as we were coming off of a financial catastrophe.

If you consider a drop in unemployment from 7.8% to 4.9% "pretty much the same place."

Bush handed over the worst economy , literally, since the Great Depression.

[Elliott_CA]

Originally Posted by fordtrucks

GDP growth trimmed to 1.1 percent...

It's not Obama's fault that the Eurozone, China, Russia, Brazil, Japan and our other trading partners are suffering from economic stagnation. That, plus the strong dollar, means they aren't buying as much of the products the USA makes. We can't grow at 3% or better unless the rest of the world is growing too. We can't buy all the stuff we make ourselves.

[Mathguy]

Originally Posted by Kode

THANKS A LOT YA DAMNED REPUBLICAN OBSTRUCTIONIST CONGRESS!!


https://www.youtube.com/watch?v=YT1JV65rokc

Fact Check: The democrats controlled both that house and the Senate his first 2 years in office.

[scarabchuck]

Originally Posted by le roi

If you consider a drop in unemployment from 7.8% to 4.9% "pretty much the same place."

Bush handed over the worst economy , literally, since the Great Depression.

Doing awesome !!


Why doesn't America's 4.9% unemployment rate feel great? - Feb. 6, 2016

[Mathguy]

Originally Posted by le roi

If you consider a drop in unemployment from 7.8% to 4.9% "pretty much the same place."

Bush handed over the worst economy , literally, since the Great Depression.

Bush got handed a collapsing bubble from Clinton who'd been handed a hangover from Bush\Reagan who'd been....you know.

I personally think it's dumb to blindly blame Obama or Bush without understanding the looooong chain of events that finally blew up in Obama's face.

Quick question, do you even know which president signed NAFTA? How about which one loosened the banking regulations that lead us into the housing bubble?

Lastly, while I think that Obama has done a decent job....you do realize that the unemployment rate looks better in part because so many quit looking for work and thus aren't counted?