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(Marketwatch)   The final numbers are in - and here's how Obama stacks up against 5 previous presidents on the economy   (marketwatch.com ) divider line
    More: Followup, Obama White House, President of the United States, President Barack Obama, Obama farewell address, George W. Bush, economists credit Obama, Barack Obama, Bill Clinton  
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5205 clicks; posted to Business » on 10 Jan 2017 at 9:49 PM (6 days ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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6 days ago  
Clinton looks the best of the lot.
 
6 days ago  
Considering the bucket of sh*t he inherited, not bad
 
6 days ago  
Just imagine how well we'd be off now if Congress hadn't been such blazing assholes.
 
6 days ago  
My takeaway from that is that the two Bushes were shiatty at creating jobs.
 
6 days ago  
lmfao at "real unemployment rate"
 
6 days ago  
He still has 10 days left to kludge it up.
 
6 days ago  

darkhorse23: Just imagine how well we'd be off now if Congress hadn't been such blazing assholes.


You say that in the past tense...I'm not sure why.
 
6 days ago  
Yeah, why don't we get "real" GDP numbers and "real" jobs created?
 
6 days ago  
Does anyone remember the state of our economy when Obama to office? Things were falling to pieces and people were literally scared.
 
6 days ago  
I have a feeling Trump with just piss away all of this prosperity.
 
6 days ago  
Some people say THIS; some people say THAT.

/ The world may never know...
// I've considered c+p-ing these into Word to see how long they really are. Seems you could write an article in an afternoon these days.
 
6 days ago  
Let's be honest, the "real" economy for "real" Americans could have done so much better with a "real" president, right?
 
6 days ago  

SoupGuru: Let's be honest, the "real" economy for "real" Americans could have done so much better with a "real" president, right?


My only gripe with his terms is the gutlessness of the SEC/FBI when it came to......well, everything. Caught doing something brazenly illegal? How about a "make this go away" payment along with not admitting any guilt and we'll call it even. And that happened constantly. Nevermind it was the foundation of what is screwing over the average middle income and low income household. But hey, we totes got 20 million from them, and they only made 120 million off that illegal behavior.
 
6 days ago  
These percentage-based stats are kinda horribly flawed. They don't take into account the demographic bomb we are experiencing. Basically, we now have negative workforce participation growth, both because of population growth slowing down and because the largest generation in US history is retiring. Our GDP will stagnant or decrease because of this over the 10-15 year period that began when the first boomers hit 65.

That there was any growth overall is remarkable. Expect the economy to look crashy over the next decade. Not just because Trump, though that doesn't help either.
 
6 days ago  
if obama had just stuck to being his beautiful, sexy, perfect 2008 self damn the torpedos and lost every single battle it would've had the exact same outcome and i wouldn't have to live in the world where the first black president was a spineless piece of sh*t
 
6 days ago  

SoupGuru: Yeah, why don't we get "real" GDP numbers and "real" jobs created?

Yeah!

@oreillyfactor: For 8 yrs, wages & economy stagnated. That's why Trump won the election: the economics on @POTUS' watch were not successful

img.fark.net

/gloom, despair
 
6 days ago  
"Real unemployment rate"

???!!!

img.fark.net
 
6 days ago  
You can do a lot for the economy if you write a bunch of hot checks to pay for it all and leave the next president to pick up the blame when it all has to be paid for.

$19 trillion is a lot of money.
 
6 days ago  

Catlenfell: He still has 10 days left to kludge it up.


Now that would be the trolliest thing ever.  The problem is that I already ate my doughnut.
 
6 days ago  

Alien Robot: You can do a lot for the economy if you write a bunch of hot checks to pay for it all and leave the next president to pick up the blame when it all has to be paid for.

$19 trillion is a lot of money.


You can do a lot more for the economy if you have a Congress willing to help and not hell bent on stopping everything to minimize your legacy. Executive actions only go so far.
 
6 days ago  

Jay Blantz: if obama had just stuck to being his beautiful, sexy, perfect 2008 self damn the torpedos and lost every single battle it would've had the exact same outcome and i wouldn't have to live in the world where the first black president was a spineless piece of sh*t


i.imgur.com
 
6 days ago  

Alien Robot: You can do a lot for the economy if you write a bunch of hot checks to pay for it all and leave the next president to pick up the blame when it all has to be paid for.

I'm impressed to hear you speaking out against our invasion of Iraq.
 
6 days ago  

stan unusual: Jay Blantz: if obama had just stuck to being his beautiful, sexy, perfect 2008 self damn the torpedos and lost every single battle it would've had the exact same outcome and i wouldn't have to live in the world where the first black president was a spineless piece of sh*t

[i.imgur.com image 500x281]


instead of breaking all his promises and failing to accomplish anything, he could've attempted to keep his promises and failed to accomplish anything. much better for his legacy. can't even say he tried, really.
 
6 days ago  

Jay Blantz: lmfao at "real unemployment rate"


Hey you gotta put grandma to work! No freeloaders
 
6 days ago  

Jay Blantz: stan unusual: Jay Blantz: if obama had just stuck to being his beautiful, sexy, perfect 2008 self damn the torpedos and lost every single battle it would've had the exact same outcome and i wouldn't have to live in the world where the first black president was a spineless piece of sh*t

[i.imgur.com image 500x281]

instead of breaking all his promises and failing to accomplish anything, he could've attempted to keep his promises and failed to accomplish anything. much better for his legacy. can't even say he tried, really.


Yeah, he totally had a friendly congress and working senate to do all this, too.
 
6 days ago  

Jay Blantz: lmfao at "real unemployment rate"


I saw that too...[stoppedreadingthere.jpg]
 
6 days ago  

Alien Robot: You can do a lot for the economy if you write a bunch of hot checks to pay for it all and leave the next president to pick up the blame when it all has to be paid for.

$19 trillion is a lot of money.


img.fark.net

img.fark.net
 
6 days ago  

lostcat: Does anyone remember the state of our economy when Obama to office? Things were falling to pieces and people were literally scared.


I worked for Harvard at the time.  I found out a few years later that there was a period of time when they nearly couldn't make payroll.  Harvard.
 
6 days ago  
Highest U6 unemployment out of all of them. It must really piss you all off to think that President Trump will very easily do better than Obama, doesn't it?

/pulled a brain muscle trying to write the above
//how does the right-wing do it?
 
6 days ago  

themindiswatching: Highest U6 unemployment out of all of them. It must really piss you all off to think that President Trump will very easily do better than Obama, doesn't it?

/pulled a brain muscle trying to write the above
//how does the right-wing do it?


They dont have that muscle to strain.
 
6 days ago  
Yeah, the country was headed into a depression, Obama takes office, turns the economy around, ends up with in the "middle of the pack" with the ending numbers. And we elect Trump because that wasn't good enough.

Sorry Barry, next time just let the economy crater.  No one gives a fark.
 
6 days ago  

themindiswatching: Highest U6 unemployment out of all of them. It must really piss you all off to think that President Trump will very easily do better than Obama, doesn't it?

/pulled a brain muscle trying to write the above
//how does the right-wing do it?


A complete lack of cognitive dissonance.
 
6 days ago  

Alien Robot: You can do a lot for the economy if you write a bunch of hot checks to pay for it all and leave the next president to pick up the blame when it all has to be paid for.

$19 trillion is a lot of money.


It's hard to be a Keynesian in a "fark you, I got mine" economy, isn't it?

What would you say the alternative was/is?
 
6 days ago  

Summercat: Jay Blantz: stan unusual: Jay Blantz: if obama had just stuck to being his beautiful, sexy, perfect 2008 self damn the torpedos and lost every single battle it would've had the exact same outcome and i wouldn't have to live in the world where the first black president was a spineless piece of sh*t

[i.imgur.com image 500x281]

instead of breaking all his promises and failing to accomplish anything, he could've attempted to keep his promises and failed to accomplish anything. much better for his legacy. can't even say he tried, really.

Yeah, he totally had a friendly congress and working senate to do all this, too.


that's my point? did you read my post? it's not very long
 
6 days ago  
stand down debt hawks. obummer paid down the deficit to manageable levels and tried to keep our credit rating high enough so we could still borrow money at what amounts to no interest. the united states treasury ain't your mortgage
 
6 days ago  

stan unusual: Alien Robot: You can do a lot for the economy if you write a bunch of hot checks to pay for it all and leave the next president to pick up the blame when it all has to be paid for.

$19 trillion is a lot of money.


[Your image:]
img.fark.net

[img.fark.net image 850x478]



Those are two different things: debt vs deficit. At no point did Bush inherit a surplus in terms of the debt. The debt was $5.7 trillion when he was sworn in in January 2001. It was $10.5 trillion when Obama was sworn in. We were collecting more taxes than what we were spending when Bush took office, but by no stretch was there no debt. If you think Bush's debt was bad, Obama has doubled the debt left by Bush. Bush added $5 trillion to the debt. Obama added $10 trillion to outstanding debt obligations.
 
6 days ago  
the debt is mostly money we owe to ourself. at an average interest rate of 2.4%. the debt is meaningless. stop talking about the debt.
 
6 days ago  

Alien Robot: stan unusual: Alien Robot: You can do a lot for the economy if you write a bunch of hot checks to pay for it all and leave the next president to pick up the blame when it all has to be paid for.

$19 trillion is a lot of money.

[Your image:]
[img.fark.net image 400x249]

[img.fark.net image 850x478]


Those are two different things: debt vs deficit. At no point did Bush inherit a surplus in terms of the debt. The debt was $5.7 trillion when he was sworn in in January 2001. It was $10.5 trillion when Obama was sworn in. We were collecting more taxes than what we were spending when Bush took office, but by no stretch was there no debt. If you think Bush's debt was bad, Obama has doubled the debt left by Bush. Bush added $5 trillion to the debt. Obama added $10 trillion to outstanding debt obligations.


Did I mention we didn't actually experience a depression?  Which is pretty spectacular if you think about it.

Also, let me be the first of many to point out that Obama put Bush's wars on the books.
 
6 days ago  
 I was told that I am to abide by the vitriol, and ask no questions.
 
6 days ago  

Jay Blantz: Summercat: Jay Blantz: stan unusual: Jay Blantz: if obama had just stuck to being his beautiful, sexy, perfect 2008 self damn the torpedos and lost every single battle it would've had the exact same outcome and i wouldn't have to live in the world where the first black president was a spineless piece of sh*t

[i.imgur.com image 500x281]

instead of breaking all his promises and failing to accomplish anything, he could've attempted to keep his promises and failed to accomplish anything. much better for his legacy. can't even say he tried, really.

Yeah, he totally had a friendly congress and working senate to do all this, too.

that's my point? did you read my post? it's not very long


I may have confused you with a similarly named fark user.

My apologies.
 
6 days ago  

jayphat: SoupGuru: Let's be honest, the "real" economy for "real" Americans could have done so much better with a "real" president, right?

My only gripe with his terms is the gutlessness of the SEC/FBI when it came to......well, everything. Caught doing something brazenly illegal? How about a "make this go away" payment along with not admitting any guilt and we'll call it even. And that happened constantly. Nevermind it was the foundation of what is screwing over the average middle income and low income household. But hey, we totes got 20 million from them, and they only made 120 million off that illegal behavior.


That's where Warren has been effective in the past. Make the fine fit the crime and not just be a little off the ill-gotten profits.

I wish more caredas much as she does to punish fraud.
 
6 days ago  

Alien Robot: stan unusual: Alien Robot: You can do a lot for the economy if you write a bunch of hot checks to pay for it all and leave the next president to pick up the blame when it all has to be paid for.

$19 trillion is a lot of money.

[Your image:]
[img.fark.net image 400x249]

[img.fark.net image 850x478]


Those are two different things: debt vs deficit. At no point did Bush inherit a surplus in terms of the debt. The debt was $5.7 trillion when he was sworn in in January 2001. It was $10.5 trillion when Obama was sworn in. We were collecting more taxes than what we were spending when Bush took office, but by no stretch was there no debt. If you think Bush's debt was bad, Obama has doubled the debt left by Bush. Bush added $5 trillion to the debt. Obama added $10 trillion to outstanding debt obligations.


--
$4 Trillion from the Iraq and Afghanistan wars. Add to that the Bush tax cuts that reduced income to the government and a stagnant economy. A robust economy would mean more tax dollars.  The country has been spending more that we should be, but to say that Obama is responsible for that $10 trillion doesn't paint the full picture.
 
6 days ago  
The whole article is bullshiat.

The world economy and our place in it has change dramatically. The fact that the Obama economy added jobs is more impressive when you consider that globalization and automation into things.
 
6 days ago  
a whole nation of service industry serfs getting trickled on by the globalist rentier elite, how about that unemployment rate and gdp growth though wowee
 
6 days ago  

Jay Blantz: stan unusual: Jay Blantz: if obama had just stuck to being his beautiful, sexy, perfect 2008 self damn the torpedos and lost every single battle it would've had the exact same outcome and i wouldn't have to live in the world where the first black president was a spineless piece of sh*t

[i.imgur.com image 500x281]

instead of breaking all his promises and failing to accomplish anything, he could've attempted to keep his promises and failed to accomplish anything. much better for his legacy. can't even say he tried, really.


First term Obama had to much faith in GOP bipartisanship and I was unhappy with what he accomplished (except the ACA).

Second term I-don't-give-fark Obama was much better domestically.

His foreign policy was not successful overall. However, he wasn't alone in his belief in peaceful regime change. There was a lot of optimism worldwide that social media could foster a spread of American-style democracy. Harsh reality is that a financially troubled country emerging from 40+ years of autocratic rule is near impossible to switch to a democracy. American-style democracy exists because we were literally giving hundreds of acres of forested, farmable land away as fast as we could after the revolution. It was easy for some to go from orphaned, indentured servants to wealthy land owners in less than a decade. That's a once in a mankind occurence and can't be replicated on Twitter.,
 
6 days ago  

beakerxf: Jay Blantz: stan unusual: Jay Blantz: if obama had just stuck to being his beautiful, sexy, perfect 2008 self damn the torpedos and lost every single battle it would've had the exact same outcome and i wouldn't have to live in the world where the first black president was a spineless piece of sh*t

[i.imgur.com image 500x281]

instead of breaking all his promises and failing to accomplish anything, he could've attempted to keep his promises and failed to accomplish anything. much better for his legacy. can't even say he tried, really.

First term Obama had to much faith in GOP bipartisanship and I was unhappy with what he accomplished (except the ACA).

Second term I-don't-give-fark Obama was much better domestically.

His foreign policy was not successful overall. However, he wasn't alone in his belief in peaceful regime change. There was a lot of optimism worldwide that social media could foster a spread of American-style democracy. Harsh reality is that a financially troubled country emerging from 40+ years of autocratic rule is near impossible to switch to a democracy. American-style democracy exists because we were literally giving hundreds of acres of forested, farmable land away as fast as we could after the revolution. It was easy for some to go from orphaned, indentured servants to wealthy land owners in less than a decade. That's a once in a mankind occurence and can't be replicated on Twitter.,


i disagree with pretty much all of this but i appreciate your perspective and your civility.
 
6 days ago  

Alien Robot: You can do a lot for the economy if you write a bunch of hot checks to pay for it all and leave the next president to pick up the blame when it all has to be paid for.

$19 trillion is a lot of money.


But enough about Bush.
 
6 days ago  

thorpe: Clinton looks the best of the lot.


True.  He was helped quite a bit by the dot com bubble which was a bit exorbitant when it comes to most economic numbers.
 
6 days ago  

Alien Robot: stan unusual: Alien Robot: You can do a lot for the economy if you write a bunch of hot checks to pay for it all and leave the next president to pick up the blame when it all has to be paid for.

$19 trillion is a lot of money.

[Your image:]
[img.fark.net image 400x249]

[img.fark.net image 850x478]


Those are two different things: debt vs deficit. At no point did Bush inherit a surplus in terms of the debt. The debt was $5.7 trillion when he was sworn in in January 2001. It was $10.5 trillion when Obama was sworn in. We were collecting more taxes than what we were spending when Bush took office, but by no stretch was there no debt. If you think Bush's debt was bad, Obama has doubled the debt left by Bush. Bush added $5 trillion to the debt. Obama added $10 trillion to outstanding debt obligations.


According to the numbers, George W. Bush also doubled the debt. So, proportionally speaking, it's a wash.
 
6 days ago  
i thought i told you guys to stop talking about the debt
 
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