The GOP has been 100% correct about all the damage there would be from Obama's agendas.
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Repubicans also said that Obamacare's mandates on Business would hurt our economy, kill jobs, create more part time workers, keep wages down, and of course they were 100% correct. Except jobs have increased, wages are going up, and involuntary part-time work is down - so, they were actually 0% correct. ----------------------- - 79 consecutive months of private sector job growth resulting in about 15 million new jobs - Real median household income grew 5.2 percent from 2014 to 2015, the fastest annual growth on record. - Involuntary part-time workers: March 2010:9,233,000 (when Obamacare signed) Sept 2016: 5,790,000 2
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It's sad that people like yourself are so deceptive and can never admit the simple facts. Yes, FINALLY for the first time in Obama's 8 long years, we had some wage gains. Our last GDP numbers were barely above 1% and barely keeping ahead of another recession. The only reason our economy has not gone back into recession is because they have kept interest rates at nearly zero % for Obama's entire term! They did not like keepng rates so low because the Fed's only tools to combat risk of falling back into recession is lowering the interest rates. If our rates are already near zero, they have no mesns of cutting interest rates to avoid a recession. The only reason the Fed has kept these rates historically low for most of Obama's term, is because OBAMA'S WAR ON BUSINESS HAS GIVEN US A DEAD ECONOMY THAT NEVER GROWS ABOVE ANEMIC LEVELS. Keep spewing the rhetoric from the Left while intelligent people know the truth. Do you work for the Democrat party? You sure sound like you do. 2
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FINALLY for the first time in Obama's 8 long years, we had some wage gains. Note that it doesn't say the fastest annual growth rate in 8 years, it says "the fastest annual growth rate ON RECORD" - meaning since they started keeping record in 1967 - so, better than under Nixon, Carter, Reagan, both Bushes and even Clinton. 2
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OBAMA'S WAR ON BUSINESS Do you mean when he: ------------------------ Created or extended 18 small business tax cuts and credits: 1. New Small Business Health Care Tax Credit 2. New Tax Credit for Hiring Unemployed Workers 3. Bonus Depreciation Tax Incentives to Support New Investment 4. 75% Exclusion of Small Business Capital Gains 5. Expansion of Limits on Small Business Expensing 6. Five-Year Carryback of Net Operating Losses 7. Reduction of the Built-In Gains Holding Period for Small Businesses from 10 to 7 Years to Allow Small Business Greater Flexibility in Their Investments 8. Temporary Small Business Estimated Tax Payment Relief to Allow Small Businesses to Keep Needed Cash on Hand 9. Zero Capital Gains Taxes on Key Investments in Small Businesses: 10. The Highest Small Business Expensing Limit Ever– Up to $500,000 11. Extension of 50% Bonus Depreciation 12. New Deduction for Health Care Expenses for the Self-Employed 13. Tax Relief and Simplification for Cell Phone Deductions 14. An Increase in The Deduction for Entrepreneurs’ Start-Up Expenses 15. Five-Year Carryback Of General Business Credits 16. Limitations on Penalties for Errors in Tax Reporting That Disproportionately Affect Small Business 17. 100% expensing of qualified properties 18. Tax credit for hiring veterans ------------------------ Or, when he: > Established a State Small Business Credit Initiative to strengthen state programs that support private-sector lending to small businesses > Extended provisions raising SBA loan guarantees and eliminating fees > Doubled the maximum size of most SBA loans > Created a new $30 billion Small Business Lending Fund 2
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Corporate profits have exceeded the highest they ever were under Bush for the last 20 quarters in a row. 2
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Corporate profits Q4-2008: $ 671.4B Corporate profits Q2-2016: $1,636.7B |