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(Investors Business Daily)   Better off than four years ago? Let's count the ways we're not   (news.investors.com) divider line 146
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1903 clicks; posted to Politics » on 05 Sep 2012 at 10:29 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-09-05 08:12:50 AM
Your blog still sucks, etc.
 
2012-09-05 08:14:15 AM
• Gas prices: A gallon of gas cost $1.89 when Obama was sworn in. By June 2009, the price was $2.70. Today, it's $3.84.
• Debt: Everyone is far worse off if you just look at the national debt. It has climbed more than $5 trillion under Obama, crossing $16 trillion for the first time on Tuesday and driving the U.S. credit rating down.


Ignoring the silliness of the "misery" index, these two are the most annoying.

You can look at whatever statistics you want and you can judge for any time period and probably find a trend or line to show decline or ascension to prove your point. However, these two specific points are quite disingenuous (and perhaps willfully).

Yes, gas prices were incredibly low when Obama was sworn in. The economy had cratered and demand was way down. Of course it was going to go down. Gas prices were above $4 a gallon in the summer of 2008 (4 years ago from now). They were setting record highs. In a shocking turn of events, when the economy melted down, demand for fuel went down and the price dropped. Crazy, I know.

If you measure something at damn near the bottom of the fall, then it has no where to go but up.

As for the second point above, the credit rating was downgraded specifically for an inability to compromise on a solution. And, the GOP's actions and their plan were singled out for being destructive and no help. It said so in the goddamn report. I refuse to believe people are able to continually harp on the credit rating thing without knowing that.
 
2012-09-05 08:15:23 AM
Investors.com? Hah!

Oh, and so, vote Republican?
 
2012-09-05 08:20:06 AM
I've never seen an investors.com link that was about investing.
 
2012-09-05 08:35:58 AM
Well, this was enlightening. I need to get back to building my fort on the moon now.
 
2012-09-05 08:41:18 AM
SInce the tebagger mod greenlit this, I may as well post this-

Better off now than 4 years ago? Hell yeah!

When Obama took office, we were losing 600,000 jobs a month. Now we are gaining 160,000 jobs a month.

When Obama took office, US GDP was falling 8.9% per quarter. Now it is rising 2% per quarter.

When Obama took office, GM and Chrysler were on the verge of bankruptcy and liquidation. Now both of them, and the entire US auto industry, are on the rebound.

When Obama took office, the housing market was in freefall, with new construction, prices, and sales collapsing. Now prices have stabilized, and sales and construction are on the rise.

When Obama took office, Osama Bin Laden was alive and still in control of Al qaeda. Now he is dead.

When Obama took office, Qadaffi was still brutalizing his people. Now he is dead.

When Obama took office, 4 million seniors were paying more for prescriptions because of the medicare donut hole. Now they all got a $250 rebate.

When Obama took office, millions of young adults needed to find their own health insurance at a time when they could least afford it. Now, they can stay on their parents insurance policies till they are 26.

When Obama took office, the student loan program was passed through the banks, which charged fees and took profits for doing nothing more than passing the government money to students. Now those loans go directly from the government to the student, freeing up millions of dollars for more loans.
 
vpb [TotalFark]
2012-09-05 08:44:20 AM
It's quite a stretch that Obama stopped another depression.

Unless you listen to economists?

• Disability: More than 1 million workers have been added to Social Security's disability program in the last three years.

What? This is bad and it's Obama's fault?
 
2012-09-05 08:44:24 AM

Dinki: SInce the tebagger mod greenlit this, I may as well post this-

Better off now than 4 years ago? Hell yeah!

When Obama took office, we were losing 600,000 jobs a month. Now we are gaining 160,000 jobs a month.

When Obama took office, US GDP was falling 8.9% per quarter. Now it is rising 2% per quarter.

When Obama took office, GM and Chrysler were on the verge of bankruptcy and liquidation. Now both of them, and the entire US auto industry, are on the rebound.

When Obama took office, the housing market was in freefall, with new construction, prices, and sales collapsing. Now prices have stabilized, and sales and construction are on the rise.

When Obama took office, Osama Bin Laden was alive and still in control of Al qaeda. Now he is dead.

When Obama took office, Qadaffi was still brutalizing his people. Now he is dead.

When Obama took office, 4 million seniors were paying more for prescriptions because of the medicare donut hole. Now they all got a $250 rebate.

When Obama took office, millions of young adults needed to find their own health insurance at a time when they could least afford it. Now, they can stay on their parents insurance policies till they are 26.

When Obama took office, the student loan program was passed through the banks, which charged fees and took profits for doing nothing more than passing the government money to students. Now those loans go directly from the government to the student, freeing up millions of dollars for more loans.


Don't forget about the gays.
 
2012-09-05 08:48:07 AM
Of course when the US credit rating was downgraded they stated in writing it was because they feared the tea baggers would not pay the bills
 
2012-09-05 08:54:42 AM
True.
The house is not burning anymore but we haven't arrested and tortured the arsonists yet.
 
2012-09-05 09:00:43 AM
I'm sure TFA is full of truthiness.
 
2012-09-05 09:12:50 AM
George Bush isn't President anymore. So yeah, we are all better off.
 
2012-09-05 09:25:15 AM
simple, straighforward list of stats right there. hard to argue with that.
 
2012-09-05 09:32:46 AM

LlamaGirl: Well, this was enlightening. I need to get back to building my fort on the moon now.


Can I come visit?
 
2012-09-05 09:35:36 AM

Sensei Can You See: Can I come visit?


Only if you bring Reese's PB cups.
 
2012-09-05 09:38:18 AM
As always, I feel the need to raise this.

IBD is the "news" web-site that posted that Stephen Hawking would not be alive today if the US had a socialized health care system.

That is all.
 
2012-09-05 09:38:54 AM

mrshowrules: As always, I feel the need to raise this.

IBD is the "news" web-site that posted that Stephen Hawking would not be alive today if the US had a socialized health care system.

That is all.


Correction: They published an article with this as its central argument
 
2012-09-05 09:38:57 AM
Ironically, the only people better off under Obama are corporate chieftains, who've seen corporate profits climb more than 50% under Obama's "recovery," and investors, who've benefited from a near-doubling in the Dow industrials from its March 2009 lows.

Right. Trickle-down does not work. Nice to have you on board, IBD.
 
2012-09-05 09:41:33 AM
4 Years ago the US was the laughing stock of the entire world.

Today the US is a respected global partner with tremendous credibility and respect
 
2012-09-05 09:42:38 AM

LlamaGirl: Sensei Can You See: Can I come visit?

Only if you bring Reese's PB cups.


I love Reese's PB cups.

/Halloween is only about a couple of months away.
 
2012-09-05 09:53:36 AM
How anyone can think that most people are worst off today than they were when the stock market was crashing... 700K a month job losses... GDP near a 10% decline... unemployment rising... etc. is beyond me.

Sure things may not be great, but things have improved during the last 4 years...

GDP performance during the Obama Administration has gone into positive growth.
www.tradingeconomics.com

US stock markets performance during the Obama Administration...
DOW in 01/20/2009: 7,949.09
DOW in 09/042012: 13,035.94
Rate of Return: 63.99%

S&P 500 in 01/20/2009: 805.22
S&P 500 in 09/042012: 1,404.94
Rate of Return: 74.48%

NASDAQ in 01/20/2009: 1,440.86
NASDAQ in 09/042012: 3,075.06
Rate of Return: 113.42%


Private jobs hemorrhage slowed down during the Obama Administration and eventually went into positive territory.
farm9.staticflickr.com

Comparing unemployment rate fluctuation between President Bush and President Obama.

Bush
1/20/2001: 4.2%
1/20/2009: 7.7%
Unemployment Rate Change: 83.33% increase

Obama
1/20/2009: 7.7%
Currently: 8.3%
Unemployment Rate Change: 7.80% increase

Unemployment rate has been trending down now during the Obama Administration...
i2.cdn.turner.com

...Even though the Tea Party Nation urged small business owners to not hire people in order to make Obama look bad

Or when a company with company policies about not hiring until Obama is gone based on nothing to do with the basic supply and demand process for his business goods.

Or having Mitch McConnell admit that Republicans took America hostage

Or having the GOP blocked a 10 percent tax break for small businesses that hires new employees

Even so, the job market did improve. Read all about it...

Private-sector job growth biggest in 3 years (new window)

Stealth signs of a stronger job market (new window)

Biggest unemployment rate improvement in nearly 28 years (new window)

Small businesses ramp up jobs (new window)

Jobs: 2 hopeful signs (new window)

The unemployment rate fell to 8.3%. That is the lowest since February 2009 (new window)

Stealth jobs boom: 6 months, 2 million jobs (new window)

Jobless claims plunged last week to a nearly four-year low (new window)

If you are unemployed or underemployed, you don't have a 4 year degree (or higher) and blame Obama for your situation, then maybe you should get a college degree. It is not the Government's fault you don't have the necessary skills to compete in today's world. The Government can even help you pay for it (via student loans, grants, GI Bill etc.).
farm8.staticflickr.com

Average weekly paychecks have improved.
i2.cdn.turner.com

Inflation has not been out of control.
i2.cdn.turner.com

Manufacturing has started to go up.
i2.cdn.turner.com

Consumer spending is up.
i2.cdn.turner.com

Your taxes have not gone up since Obama took office. This was a rooted fear from Tea Partiers. Take a look at a Forbes article written by Bruce Bartlett, a self-described fiscal conservative...
Forbes: Tea partiers confused, taxes 'lower by every measure' under Obama (Cutting to a new window)
 
2012-09-05 09:57:40 AM
Same ol same ol

Democrats and moderates cite facts,

Republicans make stuff up and claim its true.
 
2012-09-05 10:13:35 AM
I wish this would hurry up and go green so I could properly give everybody the smart and/or funny votes they deserve. Good job everybody!
 
2012-09-05 10:31:42 AM
Ironically, the only people better off under Obama are corporate chieftains, who've seen corporate profits climb more than 50% under Obama's "recovery," and investors, who've benefited from a near-doubling in the Dow industrials from its March 2009 lows.

So... vote Republican?
 
2012-09-05 10:34:08 AM
Was shocked to see no arguement for deregulation of banking in that.
 
2012-09-05 10:34:17 AM
TFA brings up a pretty good point. While we can all agree that the recovery is happening, it's not happening fast enough. Therefore it makes sense to stop doing the things that have been working and go back to the economic policies that at best failed to prevent and at worst caused the economic collapse we are slowly recovering from. Here's the brilliant part though - this time, let's expect *different* results!
 
2012-09-05 10:34:18 AM
Meh, I'm better off than I was 4 years ago but I'm also not in the Navy anymore...
 
2012-09-05 10:35:24 AM
If they weren't so compassionate, Democrats would probably slap anybody who says they aren't better off today.

Most aren't. The economy sucks. That's never a good thing for a president seeking re-election.

Good day.
 
2012-09-05 10:35:26 AM
I swore I thought there was a time when IBD was credible.
 
2012-09-05 10:35:28 AM

Rapmaster2000: Ironically, the only people better off under Obama are corporate chieftains, who've seen corporate profits climb more than 50% under Obama's "recovery," and investors, who've benefited from a near-doubling in the Dow industrials from its March 2009 lows.

So... vote Republican?


Ironically, corporations and the stock market have never been doing better - this is clear evidence of Obama's Anti-Business Agenda that we keep prattling on about.
 
2012-09-05 10:35:56 AM

hugram: How anyone can think that most people are worst off today than they were when the stock market was crashing... 700K a month job losses... GDP near a 10% decline... unemployment rising... etc. is beyond me.

Sure things may not be great, but things have improved during the last 4 years...


I want to bookmark this post so that I can go back and quote it when I inevitably forget all the good stuff that's happened when someone's honking on about Obama being horrible.
 
2012-09-05 10:36:00 AM
Gas prices were about $5.00 per gal under bush
 
2012-09-05 10:36:20 AM

hugram: How anyone can think that most people are worst off today than they were when the stock market was crashing... 700K a month job losses... GDP near a 10% decline... unemployment rising... etc. is beyond me.

Sure things may not be great, but things have improved during the last 4 years...

GDP performance during the Obama Administration has gone into positive growth.
[www.tradingeconomics.com image 700x300]

US stock markets performance during the Obama Administration...
DOW in 01/20/2009: 7,949.09
DOW in 09/042012: 13,035.94
Rate of Return: 63.99%

S&P 500 in 01/20/2009: 805.22
S&P 500 in 09/042012: 1,404.94
Rate of Return: 74.48%

NASDAQ in 01/20/2009: 1,440.86
NASDAQ in 09/042012: 3,075.06
Rate of Return: 113.42%

Private jobs hemorrhage slowed down during the Obama Administration and eventually went into positive territory.
[farm9.staticflickr.com image 800x462]

Comparing unemployment rate fluctuation between President Bush and President Obama.

Bush
1/20/2001: 4.2%
1/20/2009: 7.7%
Unemployment Rate Change: 83.33% increase

Obama
1/20/2009: 7.7%
Currently: 8.3%
Unemployment Rate Change: 7.80% increase

Unemployment rate has been trending down now during the Obama Administration...
[i2.cdn.turner.com image 620x355]

...Even though the Tea Party Nation urged small business owners to not hire people in order to make Obama look bad

Or when a company with company policies about not hiring until Obama is gone based on nothing to do with the basic supply and demand process for his business goods.

Or having Mitch McConnell admit that Republicans took America hostage

Or having the GOP blocked a 10 percent tax break for small businesses that hires new employees

Even so, the job market did improve. Read all about it...

Private-sector job growth biggest in 3 years (new window)

Stealth signs of a stronger job market (new window)

Biggest unemployment rate improvement in nearly 28 years (new window)

Small businesses ramp up jobs (new window)

Jobs: 2 hopeful signs ...


I less than three you. Because you just saved me some work.

/was going to biatchslap TFA
 
2012-09-05 10:36:20 AM

Rapmaster2000: Ironically, the only people better off under Obama are corporate chieftains, who've seen corporate profits climb more than 50% under Obama's "recovery," and investors, who've benefited from a near-doubling in the Dow industrials from its March 2009 lows.

So... vote Republican?


Exactly, let's see that get to 80% or 90% territory!!!

I've always believed Obama was too centrist, the solution is not to go further from the center.
 
2012-09-05 10:36:35 AM

lousyskater: Meh, I'm better off than I was 4 years ago but I'm also not in the Navy anymore...


Well you've at least learned never to volunteer yourself again. :)
 
2012-09-05 10:37:09 AM
They forgot "fewer jobs since 0bama took office" - despite the 4M jobs created lie.
 
2012-09-05 10:40:46 AM
The Dems let this question get away from them. The question they should be getting voters to ask is, "Do you want the party whose policies exacerbated the recession to regain control and repeat the cycle?"

If a mugger stabbed you and you woke up to a doctor trying to stop the bleeding do you blame that doctor that you're not feeling as good as you were before the knife entered your abdomen?

Obama's not perfect, but he's light years better than the alternative.

/The joys of a two party system
 
2012-09-05 10:40:51 AM
*Shrug*

August was my best month in years business wise and September is shaping up pretty good right now. My wife is in school and working part-time.

We're definitely treading water more effectively than we were four years ago, when business was sporadic and my wife was fully unemployed and we were trying to make it all work on the peanuts I was bringing in and my wife's meager unemployment check.

Part of the reason we're in better shape is that we were able to find an affordable health insurance plan through the state Health Connector and my wife was able to use Pell Grants to get herself on a new career path.
 
2012-09-05 10:40:59 AM
You'd think Investors.com would have a better memory.

gothamist.com
gothamist.com
bigpicture.typepad.com

Four years ago we were in freefall and on the edge of an abyss. But go ahead and keep asking that question, Republicans.
 
2012-09-05 10:41:40 AM
hugram:

Said it before, thank you for your posts. +1
 
2012-09-05 10:41:51 AM
Lot of problems with this article. For starters, the recession ended 5 months into Obama's term? Really? Unemployment kept rising and peaked at 10% in September 2009 and stayed there until the beginning of 2010. The U-6 unemployment rate peaked at almost 20% (the number the political pundits rail about when their party is out of power). Secondly, 2009 operated under Bush's budget. There is nothing Obama could have done. If you take 2009 out, the numbers aren't so bad.

I'm not defending Obama because I truly believe all politicians and political parties suck donkey balls, but is there no honor amongst people anymore? If a chucklehead like me knows this, so do the people reporting this crap. I might work a crappy 40 hours per week job making $50K a year, but I can look myself in the mirror and know I'm an honorable person. How does someone look themselves in the mirror every morning when they cannot make a living without bearing false witness against others and/or deceiving people so they can make more money? Why not do something slightly more honorable - like simply stealing money?

If you have to make a living by deceiving people, do us all a favor. Just kill yourself. Please. Quit consuming our limited resources of air and water because you deserve none of them.
 
2012-09-05 10:42:20 AM
Jan. 19, 2009: Job Creatin' Paradise

Jan. 20, 2009: DISASTER!!!11
 
2012-09-05 10:43:21 AM
Four years ago Bush was president, we were losing 800,000 jobs a month, the stock market dumped 1,000 points in 24 hours, banks and reinsurance companies were collapsing, we were mired in a pointless war in Iraq and Osama bin Laden was planning new attacks. But, yeah, other than that we're much worse off now.
 
2012-09-05 10:44:54 AM
The gas prices one is a favorite, it ignores the collapse of the oil futures market due to the credit crunch and what prices had been before it happened.
 
2012-09-05 10:45:09 AM

hugram: How anyone can think that most people are worst off today than they were when the stock market was crashing... 700K a month job losses... GDP near a 10% decline... unemployment rising... etc. is beyond me.

Sure things may not be great, but things have improved during the last 4 years...

GDP performance during the Obama Administration has gone into positive growth.
[www.tradingeconomics.com image 700x300]

US stock markets performance during the Obama Administration...
DOW in 01/20/2009: 7,949.09
DOW in 09/042012: 13,035.94
Rate of Return: 63.99%

S&P 500 in 01/20/2009: 805.22
S&P 500 in 09/042012: 1,404.94
Rate of Return: 74.48%

NASDAQ in 01/20/2009: 1,440.86
NASDAQ in 09/042012: 3,075.06
Rate of Return: 113.42%

Private jobs hemorrhage slowed down during the Obama Administration and eventually went into positive territory.
[farm9.staticflickr.com image 800x462]

Comparing unemployment rate fluctuation between President Bush and President Obama.

Bush
1/20/2001: 4.2%
1/20/2009: 7.7%
Unemployment Rate Change: 83.33% increase

Obama
1/20/2009: 7.7%
Currently: 8.3%
Unemployment Rate Change: 7.80% increase

Unemployment rate has been trending down now during the Obama Administration...
[i2.cdn.turner.com image 620x355]

...Even though the Tea Party Nation urged small business owners to not hire people in order to make Obama look bad

Or when a company with company policies about not hiring until Obama is gone based on nothing to do with the basic supply and demand process for his business goods.

Or having Mitch McConnell admit that Republicans took America hostage

Or having the GOP blocked a 10 percent tax break for small businesses that hires new employees

Even so, the job market did improve. Read all about it...

Private-sector job growth biggest in 3 years (new window)

Stealth signs of a stronger job market (new window)

Biggest unemployment rate improvement in nearly 28 years (new window)

Small businesses ramp up jobs (new window)

Jobs: 2 hopeful signs ...


Oh, you and your facts. Truthiness is what really matters.
 
2012-09-05 10:45:42 AM

Farkomatic: The U-6 unemployment rate peaked at almost 20% (the number the political pundits rail about when their party is out of power).


That's why I never take it seriously when people bring that number up.

Or else the right-wing shills would mention the fact that the U6 numbers were above 10% when Bush was President.
 
2012-09-05 10:45:54 AM

Aidan: lousyskater: Meh, I'm better off than I was 4 years ago but I'm also not in the Navy anymore...

Well you've at least learned never to volunteer yourself again. :)


You know it. What's great is I work the same hours for the most part, but ACTUALLY GET PAID FOR IT.

/Based OT
 
2012-09-05 10:46:02 AM

zetar: Four years ago Bush was president, we were losing 800,000 jobs a month, the stock market dumped 1,000 points in 24 hours, banks and reinsurance companies were collapsing, we were mired in a pointless war in Iraq and Osama bin Laden was planning new attacks. But, yeah, other than that we're much worse off now.


Facts don't count if you mention Bush.
 
2012-09-05 10:46:36 AM

WhyteRaven74: The gas prices one is a favorite, it ignores the collapse of the oil futures market due to the credit crunch and what prices had been before it happened.


It also highlights who the real partisan shills are.
 
2012-09-05 10:46:37 AM
Am I better off then I was four years ago? Hmm... my salary has risen 19%, my investments are at an all time high, I have paid off my house that I bought before the massive increase and it's value is about where it should be, I have six months of salary in the bank, I have no other debt, and I'm going to Europe next year for four weeks.

Yeah, I'm a hell of a lot better off then I was in September 2008 when the market was crashing.
 
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