“By any measure, the country has moved forward over the last four years.”
~Stephanie Cutter 

Stephanie Cutter is the Deputy campaign manager for the Obama campaign and she answered the oft repeated question “Are we better off than we were four years ago?”.  Of course – conservatives would like you to believe that we are not … but how can they deny the obvious?

Where was the stock market at 4 years ago?  You can see that HERE.

In September of 2008 – the country lost 168,000 private sector jobs (source) and the economy had been in recession since December of 2007.  All of the following headlines came in September and October of 2008 before Obama won the election and thus before he became President.

• 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“

And then of course there is the fact that over 4.5 million private sector jobs have been created since January 0f 2010.  That’s a fact.

Some might point to the current unemployment % as proof of failure of the Obama administration but this is ridiculous.  Anyone who understands economics or business understands that unemployment is a lagging indicator.  If you’re not aware of this or you don’t understand this – you should read this HERE; it’s perfect for those who have yet to finish their sophomore high school math class.  If you can’t simply come to terms with that undeniable fact … please hit the X in the top right of your browser because I am uninterested in you questioning whether or not water is wet or whether trees are made of wood.

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