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The budget is controlled by congress, which is controlled by the Republicans. If you have a gripe about overspending, talk to them about it.
a) You're right, but if we're going to be honest then you can admit that the Republicans have been enraged that the Republican Congress gave Obama the budget he requested. So let's see if you're an honest person.
b) Of course, after part a), you'd also have to admit that actually Obama hasn't been running on a budget for the vast majority of his two terms. Even with Democrat control of Congress he was running on continuing resolutions, which allowed him to circumvent budgetary considerations.
c) And after part b), you'd then have to admit that if Democrats concede that Congress controls the budget, their (false) claims that Obama has "slashed" the deficit are not only wrong, but also impossible.
The important statistics are GDP growth per capita (in order to remove the effects of changing demographics), and how that compares to the world. Our economy does not work in isolation; it is very much linked to the rest of the world. Obama cannot control the world economy.
US GDP growth per capita 2015 = 1.6%
World GDP growth per capita 2015 = 1.3%
The US is doing better than the world at large, but not by much. Just to look at a few other countries...
France = 0.3%
UK = 1.5%
India = 6.7%
I would say the US economy has done fine under Obama. The world at large is hurting a bit which affects the US. As expected, developing countries like India are booming.
Note that most economists are projecting that most GDP growth will occur in emerging economies, not in developed economies. This has nothing to do with Obama or politics and has everything to do with the untapped potential of places like India and Indonesia. This is why most investment advisors tell clients to put a big chunk of money into emerging countries stock.
The insanity of your post is overwhelming. Obama is an economic wrecking-ball, and he has used it with great skill against our economy.
He has never exceeded 2% GDP growth during he entire tenure, a record to be ashamed of, but I suspect he, somehow, in his wrecking-ball mindset, is just fine, if not giddy, with it. We suffered as a nation in all other facets of governance and internally as a result of the Destroyer in Chief (and I don't mean a small Warship).
The important statistics are GDP growth per capita (in order to remove the effects of changing demographics), and how that compares to the world. Our economy does not work in isolation; it is very much linked to the rest of the world. Obama cannot control the world economy.
US GDP growth per capita 2015 = 1.6%
World GDP growth per capita 2015 = 1.3%
The US is doing better than the world at large, but not by much. Just to look at a few other countries...
France = 0.3%
UK = 1.5%
India = 6.7%
I would say the US economy has done fine under Obama. The world at large is hurting a bit which affects the US. As expected, developing countries like India are booming.
Since the fourth quarter of last year, the European Union is growing faster than the U.S.
The budget is controlled by congress, which is controlled by the Republicans. If you have a gripe about overspending, talk to them about it.
I won't complain about the spending of Republicans or Democrars, I'll complain about our big bloated government and anyone who doesn't actively try to reduce it.
But basically I don't think that the president has a meaningful impact on the economy.
The president and his administration have a huge impact on the economy by the trade policies they set, the FED chair they appoint, the IMF head who they seat, the regulations they draft and enforce, the politics they play and the fiscal policies they promote. The buck stops there.
It's normal. There is job growth, income growth. Our country doesn't need 3% growth any longer to thrive.
This. Most of the growth will continue to be overseas and it will only accelerate. Wages and job growth the last year, by no means brisk, has been the best since Obama took over.
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