Cruz is done.

[Nebe]

Take a look at the economy when Obama took office and look at it now. If people actually think that it has become worse under his watch, they have their head so far up their ass they should look up because they might be able to see out their mouth.
It's not humming along like it was in 2000 but it's close.
Posted from my iPhone/Mobile device

[scottw]

Originally Posted by Nebe

Take a look at the economy when Obama took office and look at it now. If people actually think that it has become worse under his watch, they have their head so far up their ass they should look up because they might be able to see out their mouth.
It's not humming along like it was in 2000 but it's close.
Posted from my iPhone/Mobile device

the only way to go was up, no one is suggesting it is worse but the pain we'll feel after phonying the numbers for 7+ years may be worse.......if you think continuing to paper over slow growth with zero interests rates and Fed printing of cash will not have serious repercussions..... your head is even further beyond the light of day....if you wonder why the middle class is disappearing...these policies crush the middle class .

[JohnR]

Originally Posted by scottw

the only way to go was up, no one is suggesting it is worse but the pain we'll feel after phonying the numbers for 7+ years may be worse.......if you think continuing to paper over slow growth with zero interests rates and Fed printing of cash will not have serious repercussions..... your head is even further beyond the light of day....if you wonder why the middle class is disappearing...these policies crush the middle class .

This.

Most people are not better off today then they were 10 years ago, both parties have contributed to the fuster cluck we are in.

Oh, and 19 Trillion.

[Jim in CT]

Originally Posted by Nebe

Take a look at the economy when Obama took office and look at it now. If people actually think that it has become worse under his watch, they have their head so far up their ass they should look up because they might be able to see out their mouth.
It's not humming along like it was in 2000 but it's close.
Posted from my iPhone/Mobile device

Nebe, unemployment is down (WAY down), and the stock market is way up. Good things.

But median wages are lower than when he took office. It's not every day that median wages go down over a 7 year period. He added more debt than all 43 receding presidents combined, I think? And he did nothing, absolutely nothing, to shore up SS and Medicare. More people are on food stamps. I think more people are living in poverty?

There are important measures that are better now. And there are more important measures that are worse.

[Jim in CT]

Originally Posted by Nebe

It's not humming along like it was in 2000 but it's close.
Posted from my iPhone/Mobile device

Not even close to 2000.

Oh, and GDP growth (one of the most important measures there is), has been pathetic. Slowest recovery from a recession, ever. Obama owns some of that.

[Nebe]

imagine what he could have down without a congress controlled by the GOP who's number one goal was to make him a 1 term president.

[scottw]

Originally Posted by Nebe

imagine what he could have down without a congress controlled by the GOP who's number one goal was to make him a 1 term president.

he'd have spent twice as much

[spence]

Originally Posted by Jim in CT

Not even close to 2000.

Oh, and GDP growth (one of the most important measures there is), has been pathetic. Slowest recovery from a recession, ever. Obama owns some of that.

You're talking about 2000 right? The year before we entered another recession?

As for GDP growth. I plotted US GDP growth for the last 65 years and the data doesn't show Obama has been pathetic. What it shows is that historically our GDP growth has swung wildly, where aside from the Great Recession (the thing Bush started and Obama inherited) it's been fairly stable and slowly trending downward in a linear fashion.

You're an actuary right? I can email you the data if you want.

[buckman]

Originally Posted by spence

You're talking about 2000 right? The year before we entered another recession?

As for GDP growth. I plotted US GDP growth for the last 65 years and the data doesn't show Obama has been pathetic. What it shows is that historically our GDP growth has swung wildly, where aside from the Great Recession (the thing Bush started and Obama inherited) it's been fairly stable and slowly trending downward in a linear fashion.

You're an actuary right? I can email you the data if you want.

Actually Barney Frank is to blame .
Posted from my iPhone/Mobile device

[spence]

Originally Posted by buckman

Actually Barney Frank is to blame .
Posted from my iPhone/Mobile device

Oh Jesus...

[scottw]

Originally Posted by spence

As for GDP growth. I plotted US GDP growth for the last 65 years

I just spit out my beverage

[buckman]

Originally Posted by scottw

I just spit out my beverage

The clothes make him look younger 👍🏻
Posted from my iPhone/Mobile device

[Jim in CT]

Originally Posted by spence

You're talking about 2000 right? The year before we entered another recession?

As for GDP growth. I plotted US GDP growth for the last 65 years and the data doesn't show Obama has been pathetic. What it shows is that historically our GDP growth has swung wildly, where aside from the Great Recession (the thing Bush started and Obama inherited) it's been fairly stable and slowly trending downward in a linear fashion.

You're an actuary right? I can email you the data if you want.

"You're talking about 2000 right? The year before we entered another recession?"

Nebe, not I, used 2000 as the baseline to compare to.

"What it shows is that historically our GDP growth has swung wildly,"

GDP growth is volatile. But the best opportunitiues for big GDP growth, are the years following a recession. That's what Obama inherited, a major recession. Normally, following such a recession, is when you see th elargest GDP growth. It didn't happen. It's been called the slowest recovery froma recession, ever.

Here is GDP growth by year. In Obama's 8 years, his best year saw 2.5% growth. His average was 1.29%. Compare that to the 8 years before him, and the 8 years before that, etc...I'm not sure "pathetic" is that far off.

During Obama's 8 years (2008 - 2015), average GDP growth was 1.29%.
Average from 2000-2007 = 2.7%
Average from 92-99 = 3.8%
Average from 81-88 (after the Carter years) = 3.5%

An 8-year average of 1.29%, seems pathetic to me.

There are some global things that the POTUS cannot control. For example, Obama is dealing with more outsourcing of manufacturing jobs than Reagan ever had to dela with. An allowance needs to be made for that.

But in the job Obama sought and received, he owns this.

"the Great Recession (the thing Bush started "

Please tell us what Bush did to "start" this? Bush didn't tell people to take out mortgages they couldn't afford. Bush didn't tell banks to get involved in fishy derivitives and credit default swaps. The repeal of Glass Seagell allowed banks to do these things. That law was written by a GOP congress, and signed by Bill Clinton.

"You're an actuary right?"

Yep. I presume you are not one.

"it's been fairly stable "

Oh sweet Jesus. Obama can't get annual GDP growth above 2.5%, but you give him credit for the fact that it's "stable". That it's pathetically low doesn't bother you, all you care is that it's stable.

So according to your "logic" here...if Obama has GDP growth of exactly 1.3% a year (no swings), that's somehow superior to Clinton, who had an 8 year average of 3.8% (almost 3x Obama's average), because Clinton's years had more volatility?

http://useconomy.about.com/od/GDP-by...DP-History.htm

[scottw]

Originally Posted by spence

the Great Recession (the thing Bush started and Obama inherited)

just caught my eye.....and I was trying to recall what exactly Bush did to "start the Great Recession" thing ?

quite an epic mess the next President will be inheriting from Obama...

[Jim in CT]

Originally Posted by scottw

just caught my eye.....and I was trying to recall what exactly Bush did to "start the Great Recession" thing ?

quite an epic mess the next President will be inheriting from Obama...

Oh for Christ's sake, did he really say that "Bush" started it?

Spence, in your own words, please expand. Bush forced people to take out reckless mortgages??

The repeal of Glass Seagell (spelling), I think, is what allowed banks to get in the business of swapping these fishy mortgages, derivitives, and credit default swaps and collaterized debt obligations (only Stephen Hawking understands these things). A Republican Congress repealed the restrictions that allowed banks to get into these risky businesses, and Bill Clinton took his wang out of the intern pool just long enough to sign that into law. If that is somehow Bush's fault, I would just love an explanation as to how.

Bush single-handedly caused the 2008 crisis. What did Bush do Spence, to cause this?

And you work in business in some capacity?