I’ve already written about the huge improvements we’re seeing in the economy HERE. Some critics of IACWE challenge my unabashed support for President Obama and his policies …. but I only agree with (many of them but not all) because I am actually paying attention to what’s happening. The economy has made HUGE gains under President Obama despite significant Republican obstruction. Republicans think the American people are stupid enough to blame the one man for all their ills … when in fact – only slightly less than half of Americans are likely to believe that. Not only have we seen a huge stabilization of the system …. we’re on the verge of a really big rebound under President Obama. Bank on it.
From the Economist HERE:
The chart shows the change from the month before the presidency is decided to the month before a new administration is determined. The chipper Ronald Reagan, who declared “morning in America”, succeeded in raising the index 22 points during his first term. But his performance was bested by both Bill Clinton and Barack Obama. Indeed, it turns out that the man Mr Romney is seeking to oust has lifted consumer expectations by more than any other elected president has managed in a single term. But that result should not lift Mr Obama’s own spirits too much. The only president to pip his performance was Gerald Ford, who assumed the presidency after Richard Nixon’s resignation. But Ford still lost the subsequent election.
Gerald Ford lost the election in 1976 largely because he pardoned Nixon for what was obviously criminal offenses from the Watergate scandal. Americans are more confident about their economic future than 4 years ago by large, large margins.
Gallup concurs – they write HERE:
For the first time in more than five years, slightly more Americans are feeling financially better off than they were a year ago, rather than worse off, by 38% to 34%. This represents a significant improvement since May of President Barack Obama’s first year as president, when the majority — 54% — said they were worse off.
A few pieces of corroborating evidence:
As I’ve shared HERE – exactly four years ago … compare that to what Obama inherited:
- Washington Post on 9/17/2008: “Wall Street’s business model has collapsed.“
- Bloomberg on 10/13/2008: “Subprime collapse to global financial meltdown: Timeline“
- NPR on 9/26/2008: “The week America’s economy almost died“
- HuffPo on 9/14/2008: “Greenspan: This Is The Worst Economy I’ve Ever Seen“
- Pew Research on 10/12/2008: “ECONOMY SHRINKS, TACTICS GROW, IN MEDIA NARRATIVE“
- WSJ on 9/15/2008: “Crisis on Wall Street as Lehman Totters, Merrill Is Sold, AIG Seeks to Raise Cash“
- CNN on 10/22/2008: “Mass layoffs highest since 9/11“
- USA Today on 10/2/2008: “U.S. car sales in September were the worst since 1993“
- HuffPo on 10/14/2008: “Financial Crisis Suicide Numbers Mounting“
- CNN on 9/15/2008: “Lehman Brothers collapse stuns global markets“
- Wikinews on 10/6/2008: “Worldwide markets fall precipitously“
- NY Times on 9/15/2008: “Wall St.’s Turmoil Sends Stocks Reeling“
- Washington Post on 9/30/2008: “A Record Fall on Wall St.“
- Telegraph on 10/6/2008: “Dow Jones falls below 10,000 as global markets melt“
- Associated Press on 9/30/2008: “Dow falls 777 points, biggest one-day drop ever“
- Financial Times on 9/18/2008: “Panic grips credit markets“
- MSNBC on 9/20/2008: “Bush seeking $700 billion for financial bailout“
President Obama puts this ad out to highlight his economic achievements and his plan moving forward:
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