Obama’s Economic Successes: A Roundup


From Moonbattery:

And looking at reality vs hype, doesn’t the following show that the Stimulus made unemployment worse?

More from Moonbattery:

More from Moonbattery:

Via Moonbattery, from Common Cents:

Via Gateway Pundit:

Via Moonbattery:

From Moonbattery:

We estimate the Act created/saved 450 thousand government-sector jobs and destroyed/forestalled one million private sector jobs.

Notice the nosedive the manufacture of goods went into right after the Manchurian Moonbat took office.

Via Gateway Pundit, home ownership has reversed 23 years and counting:

Via Gateway Pundit, home prices have fallen as steeply as the Great Depression:

Via Moonbattery, this graph shows how many months the Obama Depression is lasting – it will takes more than 35 months to get back to pre-Obama employment numbers!

From Investors.com, note the inverse relation between government wasteful spending and jobs:

Via AoSHQ:

Via Gateway Pundit (click for full size):

Via AoSHQ:

Via Gateway Pundit, some hockey stick graphs:

Via UrbanGrounds:

Via Gateway Pundit:

From Weekly Standard:

Via AoSHQ, via The Enterprise Blog:

An excellent, large infographic detailing Obama’s empty promises/campaign talk versus his actual economic results, via AoSHQ:

Via AoSHQ, the video version:

From The Fiscal Times:

Via MISH’S Global Economic Trend Analysis:

Via PJ Media:

By Michael Ramirez:

Via The American:

3.8 percent in the fourth quarter of 2009, 3.9 percent in the first quarter of 2010, and 3.8 percent in the second quarter of 2010. But no 3 percent-plus quarters since then.

The first nine quarters of the Reagan Recovery, by contrast, looked like this: 5.1 percent, 9.3 percent, 8.1 percent, 8.5 percent, 8.0 percent, 7.1 percent, 3.9 percent, 3.3 percent, 3.8, percent, 3.4 percent. In fact, the Reagan Boom went from the first quarter of 1983 until the second quarter of 1986 without notching a sub-3 percent GDP quarter.

So, while the Reagan Recovery quickly made up for lost years of growth, not so much for the Obama Recovery

More on Obama vs Reagan from Economics One, the following three images:

From MJ Behind the Curtain:

Via The Enterprise Blog:

From Innocent Bystanders via AosHQ:

Via Moonbattery:

Via AoSHQ, from The Foundry which has a huge list of how Obama has been jacking up gas prices:

Immediately after taking office in 2009, Interior Secretary Ken Salazar, canceled 77 leases for oil and gas drilling in Utah.

The EPA announced new rules mandating the use of 36 billion gallons worth of renewable fuels (like ethanol) by 2020.

This summer President Obama needlessly instituted, not one, but two outright drilling bans in the Gulf of Mexico.

After rescinding his outright offshore drilling ban, President Obama has refused to issue any new drilling permits in the Gulf, a policy that the Energy Information Administration estimates will cut domestic offshore oil production by 13% this year

Interior Secretary Salazar announced that the eastern Gulf of Mexico, the Atlantic coast, and the Pacific coast will not be developed, effectively banning drilling in those areas for the next seven years;

The Environmental Protection Agency has announced new global warming regulations for oil refineries;
Interior Secretary Salazar announced new rules making it more difficult to develop energy resources on federal land.

From The Enterprise Blog via AoSHQ:

Via AoSHQ:

Via AoSHQ:

Via AoSHQ, US Presidential rate-of-debt:

Via AoSHQ:

Via Doug Ross:

Via AoSHQ (via my own post:

Obama 30 Years Labour Force Participation

Via Hot Air via AoSHQ:

Via AoSHQ:

Via AoSHQ:

Via AoSHQ, the labor force is shrinking, and has been for a while, but not this rapidly – watch it drop precipitously under Obama:

Via Moonbattery:

Via AoSHQ:

Via AoSHQ, some excerpts from Obama By The Numbers:

$15.7 Trillion: Current National Debt ($ 15,724,907,364,995.04 ). (U.S. Treasury Department, Accessed 6/2/12)

$10.3 Trillion: Amount Obama’s FY2012 Budget Would Add To The Debt Through FY2022. (OMB, 2/13/12)

$5.10 Trillion: Added To The National Debt Since Obama Took Office. (U.S. Treasury Department, Accessed 6/2/12)

Via AoSHQ via Doug Ross from The Foundry:

Via AoSHQ from Washington Post:

The Federal Reserve said the median net worth of families plunged by 39 percent in just three years, from $126,400 in 2007 to $77,300 in 2010. That puts Americans roughly on par with where they were in 1992.

Via AoSHQ:

Via AoSHQ:

one key economic data component has been quite good at predicting presidential elections, and that is consumer confidence. If the consumer confidence index is at 100 or higher, then the incumbent party is likely to win. If not, then the opposition party wins

Via AoSHQ:

Via AoSHQ via Economists’ Outlook Blog:

The table above shows that consumer confidence levels correctly predicted the outcome in 9 of the past 11 presidential elections… The near-perfect predictive power of the consumer confidence index essentially says that at the time of voting, the single most important issue comes down to the economy. As James Carville once said, “it’s the economy, stupid!” Forget the tough talks on terrorism or the flowery talks of hope; voters are rewarding or punishing the incumbent on the economy.

Via Moonbattery:

Via AoSHQ via Instapundit from Greg Mankiw:

via AoSHQ, Obama ‘recovery is worse than all other nations which also recently faced recession worst in world since 1970:

Above fleshed by by AP via AoSHQ.

From Political Math via WaPo (even they are turning on Obama!), via AoSHQ:

From AEIdeas via AoSHQ, Obama Only Needs 11 Million More Jobs To Get Back To Pre-Recession Levels:

From Powerline via AoSHQ:

From Washington Post via AoSHQ:

Incomes have dropped more since the beginning of the recovery than they did during the recession itself

Via AoSHQ from Innocent Bystanders:

Yes, folks, the economy had already started to turn around in the quarter before President Obama took office. The healing had begun before the Stimulus package, and before he started propping the economy up with huge deficit spending.

Via AoSHQ from Zero Hedge:

Via I Bet Recall Obama Can Get More Likes Than The Barack Obama Page Facebook page:

Via AoSHQ, TRUE unemployment is 4 million fewer with jobs since he was sworn in:

Via AoSHQ from Zero Hedge, see the spike at 2008 onwards:

Via AoSHQ via Instapundit, from Zero Hedge, look at the fall from 2008:

Via AoSHQ from Reason.com:

Via Zero Hedge:

Via Investors.com:

Via CNS News:

The number of Americans age 16 or older who decided not to work or even to seek a job increased by 8,332,000 to a record 88,839,000 in President Barack Obama’s first term, according to the Bureau of Labor Statistics.

Via AoSHQ from Wonkblog:

At this pace, the U.S. won’t get back to full employment until 2022

From IBD, way to go Obamacare:

From Forbes:

In the 10 previous recessions since the Great Depression, prior to this last recession, the economy recovered all jobs lost during the recession after an average of 25 months after the prior jobs peak (when the recession began), according to the records kept by the Federal Reserve Bank of Minneapolis. So the job effects of prior post Depression recessions have lasted an average of about 2 years. But under President Obama, by April, 2013, 64 months after the prior jobs peak, almost 5½ years, we still have not recovered all of the recession’s job losses. In April, 2013, there were an estimated 135.474 million American workers employed, still down about 2.6 million jobs from the prior peak of 138.056 million in January, 2008.

In the 10 post depression recessions before President Obama, the economy recovered the lost GDP during the recession within an average of 4.5 quarters after the recession started. But it took Obama’s recovery 16 quarters, or 4 years, to reach that point. Today, 21 quarters, or 5 plus years, after the recession started, the economy (real GDP) has grown just 3.2% above where it was when the recession started. By sharp contrast, at this point in the Reagan recovery, the economy had boomed by 18.6%, almost one fifth.

…real GDP growth under Obama has been the worst of any President in the last 60 years!

But it’s even worse than that. Obama’s real GDP growth has actually been less than half as much as the worst of any President in the last 60 years. In other words, even if you doubled actual GDP growth under President Obama, it would still be the worst record of any President in the last 60 years!

…the Census Bureau’s Current Population Survey show that real median household income declined by more than $4,500 during Obama’s first term, about 8%, meaning effectively that the middle class has lost annually the equivalent of one month’s pay under Obama.

…Poverty has soared under Obama, with the number of Americans in poverty increasing to the highest level in the more than 50 years that the Census Bureau has been tracking poverty. Over the last 5 years, the number in poverty has increased by nearly 31%, to 49.7 million, with the poverty rate climbing by over 30% to 16.1%.

From The Wall Street Journal:

From Zero Hedge:

For the entire U.S. workforce, employers have added far more part-time employees in 2013—averaging 93,000 a month, seasonally adjusted—than full-time workers, which have averaged 22,000. Last year the reverse was true, with employers adding 31,000 part-time workers monthly, compared with 171,000 full-time ones.

Via AoSHQ:

Federal Reserve Chairman Ben Bernanke acknowledged that Obamacare regulations have caused employers to hire part-time workers, rather than full-time employees, but refused to say if Congress should delay the law’s mandates.

Via Washington Post:

And a bunch of graphs of of 11 via Washington Post:

.

Via Fox News:

Stunningly, 96 percent of the net jobs added this year have been part-time jobs.

Via Dan Mitchell:

Via Dan Mitchell:

Via Dan Micthell:

Via Dan Mitchell:

Via Dan Mitchell:

Via International Journal Review:

Via Independent Journal Review:

For the first time since the Carter presidency, more businesses are failing in America than are being created, according to the Brookings Institution. Moreover, the contrast between “firm entry” and “firm exit” during the Obama “recovery” is even more stark than during the Great Depression.

Via Dan Mitchell:

An unprecedented number of men–one in six–between the ages of 25 and 54, what should be their prime earning years, are either unemployed or out of the work force entirely.

One in eight, the highest proportion since record-keeping began in 1955, are out of the labor force… Another 2.9 million men in the 25-54 age group haven’t given up–they are still in the labor force–but are currently unemployed.

——————————-

See also more scary chart-fu (borrowed that term from AoSHQ) and etc, click on each of the linked titles for so much more:

The economic case against Obamanomics in 13 charts.

New Chart Proves Obamanomics Creates Jobs:

Great Work on That Economy Obama:

CHANGE: Obama’s Massive Failures:

Republican Led Economy VS Democrat Led Economy:

American Stock Exchange ‘Celebrates’ Obama With Record CRASHES – Repeatedly!:

Obama Speaketh, Stock Market Crasheth:

Run the above video and watch the Dow Jones Index fall as a direct result of Obama opening his mouth and sharing his plans for America. Down 50 points by the end of the video!

Obama Sued Bank to Force It to Give Out Risky Housing Loans – Precursor to Subprime Crisis:

Info Video: How the Democrats Caused the US Economic Crisis:

Democrats Obama caused US Economic Crisis

Which Candidate Do Fannie Mae and Freddie Mac Donate Most To?:

Fannie Mae Freddie Mac 20 Years Donations

In 20 years history of donations, Senator Barack Hussein Obama with just 4 years in the Senate managed to reach the top three biggest recipients of Fannie Mae and Freddie Mac!!!

And Obama and his cronies on energy prices:

Obama: High energy prices and sacrifice

Obama’s Stephen Chu: Not a goal to get gas prices down

Obama: Electricity prices skyrocket

Stephen Chu: Boost gas prices to levels of Europe ($8 a gallon)

With list of gas price upping actions here.

And via Moonbattery:

The market-clearing price for new 2015 capacity — almost all natural gas — was $136 per megawatt. That’s eight times higher than the price for 2012, which was just $16 per megawatt. In the mid-Atlantic area covering New Jersey, Delaware, Pennsylvania, and DC the new price is $167 per megawatt. For the northern Ohio territory served by FirstEnergy, the price is a shocking $357 per megawatt.

—————————-

I don’t understand… With all his successes above, why do 57% disapprove of his handling of the economy?

They must be racists.

14 Responses to “Obama’s Economic Successes: A Roundup”

  1. Fenway_Nation Says:

    Wait- don’t most economic recoveries feature skyrocketing unemployment rates, record high food, fuel and commodity prices, a cratering housing market and the dollar taking the worst beating its had in a generation?

    /sarc

  2. Scott Thong Says:

    But but but…

    The media sez so…

    LA LA LA I CAN’T HEAR YOUUUU

  3. Scott Thong Says:

    Oh btw, copied the Flag Counter off your blog, thx!

  4. Fenway_Nation Says:

    Glad you liked the flag-counter. I thought it was a nifty little widget that occasionally drives me to distraction.

    Found your blog courtesey of Diary of Daedalus….altho’ rather than step back into the wayback machine for a blow-by-blow rehash of my departure from Blog Version of Animal Farm, I’ll simply say that rather than walk away, I saw the writing on the wall and decided to make myself as much of a nuisance to the ‘new normal’ at LGF as I could.

    I think the straw that broke the camel’s back was Scott Brown. Apparently they were butthurt over a moderate New England republican winning an election…

  5. Scary Charts: What “hope” and “change” look like | motorcitytimes.com Says:

    [...] big tip O’ the hat to BUUUURRRRNING HOT(I hope I have the correct number of U’s & R’s in the [...]

  6. Scott Thong Says:

    Is the flag counter all time? The world map above it on my sidebar is set to 1 week.

  7. Fenway_Nation Says:

    As far as I know, it keeps tracking from when it’s installed….

  8. Simon Thong Says:

    From wits0, http://endoftheamericandream.com/archives/35-statistics-that-show-the-average-american-family-has-been-broke-down-tore-down-beat-down-busted-and-disgusted-by-this-economy

  9. wits0 Says:

    Just think, Simon, if you’re just a very ordinary American consumer in the USA and you haven’t had the benefit of cheap imports from China of ordinary consumables for the last two decades or more, won’t you be feeling a much greater squeeze all this while? But dependence on cheap imports is just post phoning the unpleasant eventuality.

  10. Simon Thong Says:

    Stocks sink after U.S. outlook slashed
    By Hibah Yousuf, staff reporterApril 18, 2011: 4:42 PM ET
    NEW YORK (CNNMoney) — U.S. stocks cut some losses late Monday afternoon, but still finished the session sharply lower after Standard and Poor’s cut its long-term outlook on U.S. debt to negative.

    “I would say investors have been anticipating this somewhat, but when the shoe falls, it sends a vibration throughout the market,” said Ron Kiddoo, chief investment officer at Cozad Asset Management.

  11. Ron Says:

    Funny how all the graphs compare March 2007 (the last year before the recession started) with March 2011 (when the recession was in full swing) rather than March 2009 (the year Bush left office).

    Here’s a more <a href="Funny how all the graphs compare March 2007 (the last year before the recession started) with March 2011 rather than March 2008 (the year Bush left office).

    For instance, here’s the unemployment situation between Dec 2007 – Dec 2008 as reported by the US Dept. of Labor:

    2007 Dec 4.9 %
    2008 Jan 4.9
    Feb 4.8
    Mar 5.1
    Apr 5.0
    May 5.5
    Jun 5.6
    Jul 5.8
    Aug 6.2
    Sep 6.2
    Oct 6.6
    Nov 6.8
    Dec 7.2

    That represents a 47% increase during the final year of Shrub’s eight-year legacy.

  12. Ron Says:

    ^^
    Link to US Department of Labor

  13. children Says:

    child minding…

    Obama’s Economic Successes: A Roundup « LEADING MALAYSIAN NEOCON…

  14. Scott Thong, Leading Malaysian Neocon | weehingthong Says:

    [...] JOB JOBS JOBS – it’s still the economy stupid! Here’s a few dozen graphs and videos proving that Obama’s 4 years not only failed to restore the economy, but instead made it WORSE! [...]

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