Things can’t be too bad. Dow is well over 17,000, the deficit dramatically cut and the House has voted to kill Obamacare 50 times while laser focused on creating new jobs.
DOW is not a representation of the entire economy, it’s simply a sampling of the top-performing businesses. This is a good article explaining the struggles of every-day Americans and why this economy that is performing for garbage isn’t working for main street.
Does this guy ever read a newspaper? Even if he’s a Fox only addict he could check the back pages of the Wall St. journal. I’m sure there’s somebody in his life who could help him with the numbers.
Capitalism isn’t guaranteed to make everybody rich. There are winners and losers all of the time. The fact that the previous GOP administration ran the country into a ditch and didn’t care a squat about the effect on the lower end of the working class seems to have escaped a lot of the writers on this thread. If Congress had been a bit more cooperative on stimulus bills like transportation and infrastructure there would be a lot more people working today. And for those “deficit hawks” out there: it’s common sense to borrow money when it’s cheap.
Zom that was because most of the rest of the world was still recovering from WW2, Europe had been battered,especially Russia, and Japan was rubble, we were untouched, that is why we were doing so well.
You think the US economy is going down. Delusion..Is it working for everyday Americans? No..Yet which party is fighting for increases in pay.. Trade is going to displace many workers. Those workers need to share in the benefits of free trade as much as the few that are currently doing. It is government policy that are making this wealth possible for a few. Government policy should be for the benefit of all its citizen. Yes some of these “profits” need to go to displaced workers- education, retraining for other jobs, and a social safety net. These laid off workers are not lazy and living off the government dime. It is the corporations that are disproportionately benefiting from the government policies that they push. The corporations are getting more benefits from the government than they are paying for and even then they are hiding their profits overseas.
Turn off Fox and try again with actual facts. Obamacare (you can get insurance without an employer), a much better stock market (you can actually retire now), and a record number of retirees (Baby Boomers) account for most of your numbers. Adjust the debt for GDP and compare with past presidents. Now, compare the US economy to the rest of the world and contrast the situation with the end of W’s term. There, fixed that for you.
Eight years after the financial crisis, unemployment is at 5%, deficits are down and GDP is growing. As shown in the toon, Obama has raised up the Titanic from the bottom of the ocean where W has left it. If you compare our economic performance to how countries that have wrenching financial crisis perform, by that measure we managed this better than any large economy on Earth.Obama didn’t run for office to help out a bunch of fat-cat bankers on Wall Street. The people on Wall Street don’t understand why people are mad at the banks. But, the business leaders in the financial sector have gone to war with Obama. Creating a divisive, polarizing tone that left a gulf between the poor and the rich. Anyone who says this country is not absolutely better off today than we were just 7 years ago is not telling the truth. People all across this country have done amazing work to bring America back from one of the worst financial crises in our history. Perhaps the biggest economic shift came from the ACA, with health care premiums going up by 6%, most Americans do not seem to be feeling the benefits even though the trend lines were showing these premiums going up by 15%. One challenge facing the US economy is that we are not only losing jobs to overseas competition, we are losing them to technology. If we can’t puncture some of the mythology around austerity, politics or tax cuts or the mythology that’s been built up around the Reagan revolution, where somehow people genuinely think that he slashed government and slashed the deficit and that the recovery was because of all these massive tax cuts, as opposed to a shift in interest-rat policy – if we can’t describe that effectively, then we’re doomed to keep on making more and more mistakes. Obama raises the ship from the bottom of the ocean, and all Ramirez can do is complain there are parts still underwater. undercutting all of the American workers hard fight to get us out of W’s mess.
clayusmcret Premium Member about 8 years ago
But but but, point zero five percent! That’s in the positive! Right?!
Odon Premium Member about 8 years ago
Things can’t be too bad. Dow is well over 17,000, the deficit dramatically cut and the House has voted to kill Obamacare 50 times while laser focused on creating new jobs.
Wraithkin about 8 years ago
DOW is not a representation of the entire economy, it’s simply a sampling of the top-performing businesses. This is a good article explaining the struggles of every-day Americans and why this economy that is performing for garbage isn’t working for main street.
Dave Ferro about 8 years ago
And yet the liberals are ready to follow Obama to the bottom…
ED CANTWELL about 8 years ago
Does this guy ever read a newspaper? Even if he’s a Fox only addict he could check the back pages of the Wall St. journal. I’m sure there’s somebody in his life who could help him with the numbers.
ED CANTWELL about 8 years ago
Capitalism isn’t guaranteed to make everybody rich. There are winners and losers all of the time. The fact that the previous GOP administration ran the country into a ditch and didn’t care a squat about the effect on the lower end of the working class seems to have escaped a lot of the writers on this thread. If Congress had been a bit more cooperative on stimulus bills like transportation and infrastructure there would be a lot more people working today. And for those “deficit hawks” out there: it’s common sense to borrow money when it’s cheap.
kennethcwarren64 about 8 years ago
Zom that was because most of the rest of the world was still recovering from WW2, Europe had been battered,especially Russia, and Japan was rubble, we were untouched, that is why we were doing so well.
PainterArt Premium Member about 8 years ago
You think the US economy is going down. Delusion..Is it working for everyday Americans? No..Yet which party is fighting for increases in pay.. Trade is going to displace many workers. Those workers need to share in the benefits of free trade as much as the few that are currently doing. It is government policy that are making this wealth possible for a few. Government policy should be for the benefit of all its citizen. Yes some of these “profits” need to go to displaced workers- education, retraining for other jobs, and a social safety net. These laid off workers are not lazy and living off the government dime. It is the corporations that are disproportionately benefiting from the government policies that they push. The corporations are getting more benefits from the government than they are paying for and even then they are hiding their profits overseas.
tim2iron about 8 years ago
If only Ramirez’s brain matched his artwork.
tim2iron about 8 years ago
Turn off Fox and try again with actual facts. Obamacare (you can get insurance without an employer), a much better stock market (you can actually retire now), and a record number of retirees (Baby Boomers) account for most of your numbers. Adjust the debt for GDP and compare with past presidents. Now, compare the US economy to the rest of the world and contrast the situation with the end of W’s term. There, fixed that for you.
Mr. Blawt about 8 years ago
Eight years after the financial crisis, unemployment is at 5%, deficits are down and GDP is growing. As shown in the toon, Obama has raised up the Titanic from the bottom of the ocean where W has left it. If you compare our economic performance to how countries that have wrenching financial crisis perform, by that measure we managed this better than any large economy on Earth.Obama didn’t run for office to help out a bunch of fat-cat bankers on Wall Street. The people on Wall Street don’t understand why people are mad at the banks. But, the business leaders in the financial sector have gone to war with Obama. Creating a divisive, polarizing tone that left a gulf between the poor and the rich. Anyone who says this country is not absolutely better off today than we were just 7 years ago is not telling the truth. People all across this country have done amazing work to bring America back from one of the worst financial crises in our history. Perhaps the biggest economic shift came from the ACA, with health care premiums going up by 6%, most Americans do not seem to be feeling the benefits even though the trend lines were showing these premiums going up by 15%. One challenge facing the US economy is that we are not only losing jobs to overseas competition, we are losing them to technology. If we can’t puncture some of the mythology around austerity, politics or tax cuts or the mythology that’s been built up around the Reagan revolution, where somehow people genuinely think that he slashed government and slashed the deficit and that the recovery was because of all these massive tax cuts, as opposed to a shift in interest-rat policy – if we can’t describe that effectively, then we’re doomed to keep on making more and more mistakes. Obama raises the ship from the bottom of the ocean, and all Ramirez can do is complain there are parts still underwater. undercutting all of the American workers hard fight to get us out of W’s mess.
clayusmcret Premium Member about 8 years ago
Amen.
BE THIS GUY about 8 years ago
U.S. GDP 2007-2015.Dec 31, 2015 – 16.47 trillionDec 31, 2014 – 16.15 trillionDec 31, 2013 – 15.76 trillionDec 31, 2012 – 15.38 trillionDec 31, 2011 – 15.19 trillionDec 31, 2010 – 14.94 trillionDec 31, 2009 – 14.54 trillionDec 31, 2008 – 14.58 trillionDec 31, 2007 – 14.99 trillion