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Obama Economy

 
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PostPosted: Sun May 01, 2016 3:03 pm    Post subject: Obama Economy Reply with quote

PeakTrader:

An objective assessment of Obama’s performance on the economy is an F grade. Obama had a 60 vote Senate and the House in 2009-11, and we got a 21st century style depression with a huge increase in federal debt. The path not only continues, it has worsened, since mid-2014. if it weren’t for the oil production boom, smaller trade deficits (which raised GDP), and TARP paid back, we would’ve had even less economic growth with larger budget deficits. Putting the economy back on track should’ve been the top priority. However, I suspect, if Obama focused on the economy, the depression and debt would’ve been even worse.

http://www.advisorperspectives.com/dshort/charts/indicators/GDP-per-capita-overview.html?GDP-per-capita-since-1960-with-regression.gif

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April 30, 2016

Real per capita GDP was negative last quarter and roughly flat the last two quarters. Chart:

http://www.advisorperspectives.com/dshort/charts/indicators/GDP-per-capita-overview.html?GDP-per-capita-since-1960-with-regression.gif

Monetary and fiscal policies can’t get us out of this depression, since 2009, because they didn’t cause it. Until we identify the causes and make adjustments, we’ll continue to be poorer.

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