Post
by bluetick » Tue Nov 27, 2018 9:24 am
The good economic times we've experienced the last 5-6 years are by all accounts are going to ebb -no surprise. Hopefully the forecasts of a major recession are wrong. The GM announcement hopefully isn't the dead canary in the coal mine. Seems like Ford made similar noises last spring, dropping several models. But with the yield curve flattening, with the stronger dollar comes inflation, the oil 'crisis', the tariff fight, the deficit etc. Etcetera.
Anywho, here's a little primer on Barack Obama benchmarks achieved after he was handed The Great Recession of 07-09. Things to remember before things inevitably turn to
shit heh:
1. Gasoline prices were at 14 year lows. 2. US mortgage interest rates were at historic lows. 3. US inflation was at record lows. 4. US auto and truck sales and profits were at record highs. 5. The US stock market tripled. 6. We went from a federal deficit of 10% of GDP to 2.5%. 7. We went from DOUBLE DIGIT unemployment to 4.9% (a 12 year low). 8. Americans paid the smallest percentage of their income in debt. 9. We went from over 21% of Americans not having health insurance to 8.7%. 10. The US economy grew while Russia, Japan, the Middle East, Europe and South America declined or remained stagnant. 12. We went from 1 in every 4 mortgages being underwater to 1 in every 16. 13. The highest percentage of high school graduates EVER went to college. 14. American families’ percentage of spending on food decreased to 9.7%. 15. Federal spending % of GDP decreased to 22.8%. 16. Because of automation and downsizing at the US Postal Service, Obama had FEWER Federal employees than Reagan, Clinton and both Bushes. 17. He reduced Bush's $1.4 trillion deficit to $438 billion. 18. Average annual GDP was over 2%, and never negative, for a total of over 17% during his presidency. 19. He made America strong again by increasing military spending 35% 20. Only 1 of 2 US President to ever win the Nobel Peace Prize
"OMG, this is terrible. This is the end of my presidency. I AM FUCKED!"