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...another media/dem lie belied by the facts. Fake news if you will.
Last 3% GCP growth year was 2005 and the last 4% GDP year was 2000. Globalism and mass immigration coupled with lousy trade deals has been working great:
What is sad is China is triple of the US, even with a slow down in China.
This really underlines the long term short comings of Obama Economic plan. Obama never recognized by exporting jobs off shore (Mexico) he was turning us into a service economy, instead of a industrial based country.
Liberalism/ Socialism/ or even being a Progressive turning us into a welfare state.
Trump is a businessman and putting the US on a Action Plan is the best growth plan!
What is sad is China is triple of the US, even with a slow down in China.
Take China with a grain of salt.
China's growth rate is due primarily to government spending on infrastructure and all those ghost cities, manufacturing and export trade of course is substantial as well and also millions of people increasing their buying power, but govt spending( direct and indirect) is by far the biggest chunk of their growth.
What is sad is China is triple of the US, even with a slow down in China.
This really underlines the long term short comings of Obama Economic plan. Obama never recognized by exporting jobs off shore (Mexico) he was turning us into a service economy, instead of a industrial based country.
Liberalism/ Socialism/ or even being a Progressive turning us into a welfare state.
Trump is a businessman and putting the US on a Action Plan is the best growth plan!
Obama was too concerned about being concerned about being popular with the left elite. For the middle class he did nothing for. The US has been stagnant his entire term. The middle class blue collar voter saw that and saw Hillary as the same....thats why PA, OH, MI WI all voted Trump.
China's growth rate is due primarily to government spending on infrastructure and all those ghost cities, manufacturing and export trade of course is substantial as well and also millions of people increasing their buying power, but govt spending( direct and indirect) is by far the biggest chunk of their growth.
China is also at a far lower base to start with. Big GDP percentage gains become more difficult as you get bigger.
Obama was too concerned about being concerned about being popular with the left elite. For the middle class he did nothing for. The US has been stagnant his entire term. The middle class blue collar voter saw that and saw Hillary as the same....thats why PA, OH, MI WI all voted Trump.
Wrong. You apparently forgot the economic free fall we were in the day Obama took office-he's not responsible for millions homes being foreclosed nor is he responsible for 8 million jobs being lost.
Furthermore, we have never had as many employed Americans as we now have.
Total Employment in the United States:
Jan 2008: 138.132 Million Jobs-previous all time high
Feb 2010: 129.733 Million Jobs
Mar 2014: 138.012 Million Jobs
Dec 2016: 145.303 Million Jobs-ALL TIME HIGH
Jan 08-Feb 10: -8.399 Million Net Loss
Feb 10-Mar 14: +8 279 Million Net Gain
So let's make this clear. Our previous peak job count was Jan 2008(138 mln) and then the recession led to 8.4 million jobs lost.
Barack Obama entered the White House when jobs losses were mounting a record pace, and he had to grow 8 million jobs FIRST just to break even with our previous jobs high-Obama broke even in Mar 2014, gaining 8.279 Million jobs from the bottom of the recession in Feb 2010.
After breaking even, Obama's America added yet another 7 million jobs.
So from the depths of the recession til now, THIS IS BARACK OBAMA'S CONTRIBUTION TO THE EMPLOYMENT OF THE UNITED STATES:
Feb 10-Dec 16: +15.570 Million Net Gain
This^ is how history will judge our 44th president. He led the US out of the worst recession in decades and presided over the creation of 15 million jobs. Are things perfect? No not at all, but we are in a much better position at this time than we were when Obama took office.
We all knew this was coming. i hope Trump does better.
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