Friday, August 28, 2015

The Economy Under Obama

This article is courtesy of Rational Nation at Shaw's place.

Clearly, the economy has improved since the horrors of economic crisis first hit America. Unemployment is now at 5.5% from its peak of 10% in late 2009. The Dow Jones Industrial Average, S&P 500, and NASDAQ continue to reach record high numbers. The federal deficit has shrunk from 12.1% of GDPin FY 2009 to just 2.4% in FY 2014. And finally, the US economy grew at 2.4% last year, (including 5% in Q3 of 2014) the highest growth rate since the beginning of The Great Recession. 

And there is much more that I'm too lazy to cut up into little pieces and paste here. Will say the piece was fawning enough for me to break out the Obamessiah label.  

No comments:

Post a Comment