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IF...the economy is BOOMING...as the Democrats want us to believe. How did they manage to lose soooo badly in the presidential election?
Don’t buy the lie that Obama’s leaving behind a healthy economy
By Seth Lipsky December 7, 2016 | 9:20pm
[...]
The truth is that the Obama years have been among America’s worst for the economy. His eight years will go down in history as the Great Recession, even though for much, even most, of the span, we weren’t technically in a recession.
It just felt that way. And no wonder. Obama’s is the only modern presidency that failed to show a single year of growth above 3 percent, a point Trump stressed during the campaign (and that was conceded even by the website Politifact).
Plus, the Obama economy failed to prosper even though the Federal Reserve had its pedal to the metal. Its quantitative easing, $2 trillion balance-sheet expansion and zero-interest-rate policy all produced zilch.
Except for pumping up Wall Street and producing what Trump calls a “false economy.” The recent declines in the unemployment rate are due less to the uptick in employed persons than to an increasing number of persons leaving the labor force.
In a “true economy,” what people would boast about would be the number of employed persons rising faster than the size of an expanding workforce. In reality, the job participation rate is the lowest in decades, as millions are too discouraged to seek a job.
[...]
http://nypost.com/2016/12/07/dont-buy-the-lie-that-obamas-leaving-behind-a-healthy-economy/
Don’t buy the lie that Obama’s leaving behind a healthy economy
By Seth Lipsky December 7, 2016 | 9:20pm
[...]
The truth is that the Obama years have been among America’s worst for the economy. His eight years will go down in history as the Great Recession, even though for much, even most, of the span, we weren’t technically in a recession.
It just felt that way. And no wonder. Obama’s is the only modern presidency that failed to show a single year of growth above 3 percent, a point Trump stressed during the campaign (and that was conceded even by the website Politifact).
Plus, the Obama economy failed to prosper even though the Federal Reserve had its pedal to the metal. Its quantitative easing, $2 trillion balance-sheet expansion and zero-interest-rate policy all produced zilch.
Except for pumping up Wall Street and producing what Trump calls a “false economy.” The recent declines in the unemployment rate are due less to the uptick in employed persons than to an increasing number of persons leaving the labor force.
In a “true economy,” what people would boast about would be the number of employed persons rising faster than the size of an expanding workforce. In reality, the job participation rate is the lowest in decades, as millions are too discouraged to seek a job.
[...]
http://nypost.com/2016/12/07/dont-buy-the-lie-that-obamas-leaving-behind-a-healthy-economy/
Boards and Sal -- you go, guys! Truth is beautiful, even though it hurts the bumps on poor Markle's head (with a nod to Tel - ha).
