The economy, by every metric, is better than when I came into office," Obama told Jon Stewart during his last appearance on "The Daily Show.
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Even Liberal Politifact was buying that BS.
"Our ruling
Obama said, "The economy, by every metric, is better than when I came into office."
That claim is too sweeping. Certain measures of wages and income, the poverty rate and the duration of unemployment are all worse now than they were when Obama "came into office."
The statement contains an element of truth but ignores facts that would give a different impression, so we rate it Mostly False.
Barack Obama tells Jon Stewart the economy, 'by every metric, is better' than when he took office | PolitiFact
Six million more Americans live in poverty today than when Obama was elected. Median household income (in real dollars) was no higher at the end of 2015 than at the end of 2007. The labor force participation rate — the share of working-age Americans who have a job or are looking for one — has sunk to 62.5 percent, a level not seen since the Carter administration. Since the recession ended, the economy has grown at an annual rate of just 2.2 percent. That is way below average for post-recession recoveries. Indeed, this has been the weakest economic recovery in modern times......
Far from anticipating the limping slog of the last seven years, the White House confidently forecast an economic recovery that would feature robust GDP growth of 4 percent or more. It never came close.
More Americans would be working, paychecks would be larger, and public confidence would be sturdier if the economy had bounced back as vigorously as expected. Obama thought he had a better way to fix a recession. Turns out he had a worse way. Live and learn, voters.
The Weakest Economic Recovery in Modern Times - Jeff Jacoby - Page 2
As long as most of the improvement in GDP goes to the wealthiest 1% , the economy will never fully recover.
I'm not sure which is worse, posters who use false starting points in their arguments.....or those that are blind to the fact that the only lever the POTUS has had to effect the economy has been the FED/monetary policy, the fiscal lever has been controlled by the GOP Congress.than at the end of 2007.
As long as most of the improvement in GDP goes to the wealthiest 1% , the economy will never fully recover.
Yet Obama, being in that 1% and not having further elected public service in mind, really cares.
Thank gawd we have you looking out for their interests. Are they paying you well?Without them....there would be no recovery or much of an economy
Yet Obama, being in that 1% and not having further elected public service in mind, really cares.
Thank gawd we have you looking out for their interests. Are they paying you well?
False, your wage does come out of their profit, your labor created their profit. Your median wage has lost ground while their profits grew, you have been shorted, cheated, because you have no power to effect your wage.Yes they do. Without profits, they wouldn't be.
False, your wage does come out of their profit, your labor created their profit. Your median wage has lost ground while their profits grew, you have been shorted, cheated, because you have no power to effect your wage.
I think we need to bring back low skill manufacturing jobs. At least for people who don't do well in the service industry
Well folks, there you you liberal economic ignorance all summed up in one post!
You have 'no poer' to effect your wage. Yease seriously, he said that-read it for yourself.
You know what naturally follows, right?
Only the GOVERNMENT can help you .
For example , by forcing companies to pay you more for no production( ie minimum wage laws)
This is true for many workers, it's a problem in retail/fast food, where workers do not have unions in many cases even though many want to form them.because you have no power to effect your wage.
This is true for many workers, it's a problem in retail/fast food, where workers do not have unions in many cases even though many want to form them.
cough.....wrong....coughWell folks, there you you liberal economic ignorance all summed up in one post!
You have 'no poer' to effect your wage. Yease seriously, he said that-read it for yourself.
You know what naturally follows, right?
Only the GOVERNMENT can help you .
For example , by forcing companies to pay you more for no production( ie minimum wage laws)
That chart shows the productiviuty of minimum wage workers?cough.....wrong....cough
That chart shows the productiviuty of minimum wage workers?
{ Rhetorical: No it doesn't, so it's worthless to my point)
Minimum wage laws for DUMMIES>
Worker A is producing at X output and making Y.
The Goverment wants to change the equation so that worker A still is producing at X, but now should be paid Y + 10.
The +10 is pay for doing nothing
The economy, by every metric, is better than when I came into office," Obama told Jon Stewart during his last appearance on "The Daily Show.
Even Liberal Politifact was buying that BS.
"Our ruling
Obama said, "The economy, by every metric, is better than when I came into office."
That claim is too sweeping. Certain measures of wages and income, the poverty rate and the duration of unemployment are all worse now than they were when Obama "came into office."
The statement contains an element of truth but ignores facts that would give a different impression, so we rate it Mostly False.
Barack Obama tells Jon Stewart the economy, 'by every metric, is better' than when he took office | PolitiFact
Six million more Americans live in poverty today than when Obama was elected. Median household income (in real dollars) was no higher at the end of 2015 than at the end of 2007. The labor force participation rate — the share of working-age Americans who have a job or are looking for one — has sunk to 62.5 percent, a level not seen since the Carter administration. Since the recession ended, the economy has grown at an annual rate of just 2.2 percent. That is way below average for post-recession recoveries. Indeed, this has been the weakest economic recovery in modern times......
Far from anticipating the limping slog of the last seven years, the White House confidently forecast an economic recovery that would feature robust GDP growth of 4 percent or more. It never came close.
More Americans would be working, paychecks would be larger, and public confidence would be sturdier if the economy had bounced back as vigorously as expected. Obama thought he had a better way to fix a recession. Turns out he had a worse way. Live and learn, voters.
The Weakest Economic Recovery in Modern Times - Jeff Jacoby - Page 2
If they pay more, they can attract better workers.and they's be better becuase people would take less time off.And for those who aren't dummies: Y+10 is enough incentive for more people to enter the labor market for those salaries and the employers can be more selective in hiring. So quality, and productivity, of workers improves, and because there would be a greater loss of wage, fewer people take sick days or other time off, increasing productivity.
Reality is somewhere in between our two scenarios most of the time.
If they pay more, they can attract better workers.and they's be better becuase people would take less time off.
Fascinating.
Wonder why the company didn't think of that in the first place.
Equitable?No question that we have a continued problem with wealth disparity and how the economic pie in America is divided up. That is not something that originated on Obama's watch, its seems to have originated on Reagan's watch (likely by cutting highest marginal tax rate under 50%) and/or decline in manufacturing and unions. It did not get corrected under Obama's watch and will continue to be problem until we restructure the tax code for effect a more equatable system of American workers sharing in the prosperity
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