Another Barack Obama failure has come to light
2009: -2.8 percent
2010: 2.5 percent
2011: 1.6 percent
2012: 2.2 percent
2013: 1.5 percent
2014: 2.4 percent
2015: 2.4 percent
Where is Barack Obama's booming economy. Anyone seen it. Numbers show it is another failure of the 1st black president.
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One of the first things a bad manager does is to blame their own 'lackluster' performance with the cry of ''I inherited an economic shambles from my predecessor. In this case Obama, after eight years in office, failed to ensure that the economy grew at previous rates as a result of him being utterly incapable of formulating a feasible strategy for continued growth. Increasing corporation tax only serves to drive the ''export of jobs'' as multi-national manufacturers relocate their operations abroad and/or establish their H.Q, in countries where the ''tax on profit'' is significantly less. If the Democrat's policy of ''welfareism'' is permitted to continue the economy of the United States will be bouncing along in the bottom band with the rest of the failed nations of the world. Check out local administrations with predominately black councilors, such as Detroit, and there you will find your answer to America's home grown economic plight. Not his fault, Outlaw. Obama was handed such a train wreck of an Economy from your boy Bush...such an outright pile of shit, that it is only through his vast skills and expertise that he saved the Country from total economic collapse. Thus...the fact that the economy grew at all, given, again, the total Hot Steaming Smelly Pile of Shit Economy he inherited, is a testament to the greatness that IS Barack Obama. Hope this helps. If you bother to read this link, you will see that professional economists agree with me. And that you are still--despite your new name--a totally biased and non-reliable source of info an anything political. Prove me wrong. SS read my link and learn something, Outlaw. Thus...the fact that the economy grew at all, given, again, the total Hot Steaming Smelly Pile of Shit Economy he inherited, is a testament to the greatness that IS Barack Obama. Factually Obama has not done anything other then tear down an economy but that does escape you boot lickers. 1
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It's getting worse! Just out today...... The U.S. economy expanded less than forecast in the second quarter after a weaker start to the year than previously estimated as companies slimmed down inventories and remained wary of investing amid shaky global demand. Gross domestic product rose at a 1.2 percent annualized rate after a 0.8 percent advance the prior quarter, Commerce Department figures showed Friday in Washington. The median forecast of economists surveyed by Bloomberg called for a 2.5 percent second-quarter increase. The report raises the risk to the outlook at a time Federal Reserve policy makers are looking for sustained improvement. While consumers were resilient last quarter, businesses were cautious -- cutting back on investment and aggressively reducing stockpiles amid weak global markets, heightened uncertainty and the lingering drag from a stronger dollar. “We’re just muddling through," said Joseph LaVorgna, chief U.S. economist at Deutsche Bank Securities Inc. in New York, who had forecast a 1 percent gain in second-quarter GDP. “Consumer spending looks good, but the problem is that the rest of the economy is soft. The economy remains vulnerable to downside risks. The Fed is right to be cautious." 0
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The GOP currently holds... 248 out of 440 seats in the house (a majority) 54 out of 100 seats in the Senate (a majority) 31 out of 50 Governors (a majority) 70 out of 99 legislative chambers (a majority) 4 out of 8 Justices appointed to the Supreme Court ...but you somehow think that it's all Obama's fault. 1
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Do you have a clue what the power of the veto does? The GOP has tried many times to put forth bills only to have Obama veto them. Then it takes 2/3 majority to override veto. Obama is the most extreme liberal we have ever had as president ad his record proes what we all knew. Sociaism, regulations, mandates on business, high taxes in the form of Obamcare, etc. DESTROYS ECONOMIES AND INCREASES DEBT! |