What Is Our Community-Organizer-in-Chief Doing?

The Payroll to Population rate has worsened and most of the country does not approve of Obama's handling of the economy. Just what is he doing? Perhaps he can talk about Trayvon Martin this week to get our minds off the economy and the terrible economic outlook.

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Glad you asked... I guess once a hater, always a hater....

Economically, Could Obama Be America's Best President?


With the stock market hitting new highs, some people have already forgotten about the Great Recession.
Recall 2009. Things looked pretty bleak economically.
But the outlook has changed dramatically in just 4 years. And it has been a boon for investors, as even the safest indices have yielded a 250% return (>25% annualized compound return: )







Additionally, unemployment and consumer confidence trends have reversed direction and are improving:



Since this coincides with President Obama’s first term, I asked the authors of “Bulls, Bears and the Ballot Box,” (available on Amazon.com and which I reviewed in my October 11, 2012 column,) to capture their opinions on how much Americans should attribute the equity upturn, and improved economic prospects, to the President as we enter his second term.
Interview with Bob Deitrick, co-Author “Bulls, Bears and the Ballot Box” (BBBB):
Q- Bob, how much credit should Americans give President Obama for today’s improved equity values?
BBBB – Our research reviewed American economic performance since President Roosevelt installed the first Federal Reserve Board Chairman – Republican Marriner Eccles. We observed that even though there are multiple impacts on the economy, it was clear that policy decisions within each administration, from FDR forward, made a clear difference on performance. And relatively quickly.
Presidents universally take credit when the economy does well (such as Reagan,) and choose to blame other factors when the economy does poorly (such as Carter.) But there was a clear pattern, and link, between policy and financial market performance.
Although we hear almost no one in the Obama administration taking credit for record index highs, they should. Because the President deserves attention for how well this economy has done during his leadership.
The auto rescue plan has worked. American car manufacturers are still dominant and employing millions directly and in supplier companies. Wall Street reform has been painful but it has re-instated faith amongst investors. The markets are far more predictable than they were four years ago, as VIX numbers demonstrate greater faith and less risk.
Even for small investors, such as those limited to their 401(k) or IRA investments, the average annual compound return on stocks under President Obama has been more than 24% since the lows of March, 2009. This is a better result than either Clinton, Reagan or FDR – who were the prior winners in our book.
Q- Bob, what policies do you think were most important toward achieving today’s new highs?
BBBB – Firstly, let’s review just how bad things were in 2009. In 2000 America was completing the longest bull market in history. But by the end of President Bush’s tenure the country had witnessed 2 stock market crashes, and the DJIA had fallen 58%. This was the second worst market decline in history (exceeded only by the Great Depression,) and hence the term “Great Recession” was born.

In 2000, at the end of Clinton’s administration, the Consumer Confidence Index was at a record high 140. By January, 2009 this index had fallen to an historic low of 25.3. Comparatively, when Reagan took office at the end of the economically weak Carter years the Confidence Index was still at 74.4! Today this measure of how people feel about the country is still nowhere near 2000 levels, but it is almost 3 times better than 4 years ago.
Significantly, in 2000 America had a budget surplus. By 2009 surpluses were long gone and the country was racking up historic deficits as taxes were cut while simultaneously outlays for defense skyrocketed to cover costs of wars in Iraq and Afghanistan. Additionally, banks were on the edge of failing due to unregulated real estate speculation and massive derivative losses.
Today the Congressional Budget Office is reporting a $200B decrease in the deficit almost entirely due to increased revenue from a growing economy and higher taxes on the wealthiest Americans. The deficit is now only 4% of the GDP, down from over 10% at the end of Bush’s administration – and projections are for it to be only 2% by 2015 (before Obama leaves office.) America’s “debt problem” seems largely solved, and almost all due to growth rather than austerity.
We can largely thank a fairer tax code, improved regulation and consistent SEC enforcement. Also, major strides in health care reform – something no other President has accomplished – has given American’s more faith in their future, and an increased willingness to invest.

http://www.forbes.com/sites/adamhar...cally-could-obama-be-americas-best-president/

 

Why wouldn't the market be thriving? All the money BO is printing is being pumped into the bond market!
You know it's funny, every time a far left whack wants to point to a piece of the economy that's doing relatively well, it's the stock market....even though Wall Street was Public Enemy #1 to BO and his ilk while campaigning.

 

Well welcome to capitalism douche bag! As the wealthy goes, so goes the rest of us. The golden rule: Those with the gold make the rules. You're just figuring this out? Our economy is completely tied to Wall Street. You know those folks. The ones you apologize for over and over and over.... You know, your masters. Now you have a problem with that dynamic because there is a Democrat in the White House? Now? How convenient!

But thanks for cherry picking the data I posted. You forgot: The deficit is now only 4% of the GDP, down from over 10% at the end of Bush’s administration

 

Once a hater, always a hater eh. <----- YOU

 

August 2, 2013

President Barack Obama has the summer blues. Obama is facing a sluggish economy, low job approval numbers and a combative opposition party focused on dismantling Obamacare. While rainy summer days in Washington and lengthy speeches by members of Congress and the president have become the norm, no real progress and no new proposals by the president have been made to help improve the state of the U.S. economy.

The president gave a one-hour speech last week in Illinois talking about his plans to help boost the economy, and he stated that he would lay out more of his initiatives in the upcoming weeks. Americans have been waiting for too long to see what the president is planning to propose.

The president's ideas and speeches are a repeat of the 2010 "summer of recovery" where he gave campaign-style speeches around the country and yet nothing was accomplished in Washington. In his latest speech, President Obama's grand bargain is clearly a repackaging of two existing proposals that have been stalled in Congress: corporate tax reform and spending more money on infrastructure, education and training.

Obama must be depressed and frustrated that his economic proposals have not gained Republican support in Congress. However, he has made little effort to find a bipartisan solution to jumpstarting the economy. The president is not running again and the likelihood of the Democrats taking over Congress in 2014 is dim, so why not build bipartisan support for economic proposals? Based on his history, compromise is not in the president's vocabulary.

The president's recent shift to the economy is long overdue, yet his long-winded speeches and proposals to nowhere will not help. The economy needs a shot in the arm. Friday's labor report showed disappointing numbers, which is another indication that the economy remains sluggish. The unemployment rate in July did fall from 7.6 percent to 7.4 percent, but that was partly because 37,000 people left the labor force.

Economic indicators are mixed and quite discouraging. Home ownership is at the lowest levels in 18 years. More Americans are working part-time for economic reasons, and 22.2 million Americans remain unemployed, underemployed or have given up looking for work. Hispanic unemployment also rose from 9.1 to 9.4. More young people cannot afford to live on their own and are living with their parents. With the latest job reports, economists have stated that the economy is just not gaining enough traction.

President Obama is faced with two challenges: building public approval and GOP support of his economic plans. He will spend the next few weeks giving speeches and talking about his old ideas. It will be a difficult sales pitch considering that millions of discouraged Americans have been waiting a long time to find full-time jobs, and American businesses are preparing themselves for the wrath of Obamacare.

As in the case of immigration reform, the president may need to look to Congress to work on legislation that both parties can support. Congress is already taking the lead and crafting bipartisan comprehensive tax reform legislation for taxpayers and businesses. It would be wise for the president to jump on board and support their efforts. The president will then have something substantial to talk about during his summer of recovery tour (part two).

http://www.usnews.com/opinion/blogs...2/a-bad-economy-and-few-jobs-leave-obama-blue

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Annnnnnd, we change the subject.

 

Not at all. In my post above, the author stated, "[Obama] has made little effort to find a bipartisan solution to jumpstarting the economy". That's true. The statement completely corresponds to the title of this thread. So who is changing the subject?

 

"Bi-partisan" doesn't mean "cave-in to-our-demands, or-else"..it means "compromising", which Obama has done quite often, only to be rebuffed by the House over and over again, ever since he took office.

republicans don't want to compromise, they want to obstruct.

Obama's hasn't caved-in to their ridiculous demands, so you can say he isn't putting much effort into a "bi-partisan solution to jump-starting the economy" all you want, it just isn't supported by the truth, which is he isn't caving in to ridiculous demands.

If the republicans want compromise, they have to stop being ridiculous.

Good luck with THAT.

 

Can you actually name one thing Obama has compromised on in the last 6 months?

 

Yep, That is how many I thought you could name!

 

He's not going to be able to name any. Actually, it's the opposite of how IQ<1 thinks it should work. The House of Representatives, by their very nature, represent the people of our country. The president doesn't represent anyone. His position is to preside. The president is the one who should seek compromise, not the other way around. If he doesn't like a bill, he should seek compromise. If he thinks a bill is unconstitutional, he should veto it.

 

The housing market is at a seven year high. Unemployment is lower than its been in almost ten years. The mortgage crisis has reversed. Yes...you're right...things are looking bad indeed.

 

Guy, you're drinking the Kool-Aid:

http://www.bloomberg.com/news/2013-...sing-market-decline-may-persist-correct-.html

http://www.cnbc.com/id/100691168

 

Just which ten years are you referring to? The Carter economy?

 

The housing market "might" drop.... The "real" unemployment rate...
Seems like our local cracker is trying desperately to find the dark cloud in the silver lining but WE'RE drinking the Kool-Aid? Too funny.

 

What do you mean they are being ridiculous? They're just being dicks. They do put the dic[k] in ridiculous.

 

Stupid racist.

 

Stupid southern cracker!

 

Yep! Our resident racist also has problems when presented with facts.