Most economists expect that 2015 will be the best year for American workers since the recession. Less important than the pace of hiring is the emergence of solid wage growth, an indicator of full labor market health that comes when employers feel pressured to fight for workers.
Other Republicans, while agreeing that the economy is improving, focused on the most glaring problems in the labor market, criticizing Obama for not accomplishing enough.
“We need to build on this recent momentum and continue closing the Obama recovery’s private-sector jobs gap when compared to average recoveries,” Rep. Kevin Brady (R-Tex.), the top House Republican on the Joint Economic Committee, said Friday.
a broad consensus among economists that the economy has come to life in recent months appears to be turning that GOP strategy on its head. Some leaders, such as Senate Majority Leader Mitch McConnell of Kentucky, have acknowledged and sought to claim credit for the improvement, which has coincided with Republicans taking control of both houses of Congress.
Forbes~Economically, President Obama’s administration has outperformed President Reagan’s in all commonly watched categories. Simultaneously the current administration has reduced the deficit, which skyrocketed under Reagan. Additionally, Obama has reduced federal employment, which grew under Reagan (especially when including military personnel,) and truly delivered a “smaller government.” Additionally, the current administration has kept inflation low, even during extreme international upheaval, failure of foreign economies (Greece) and a dramaticslowdown in the European economy.
Forbes~The stock market has converted the long-term growth in jobs and GDP into additional gains for investors. Recently the S&P has crested 2,000 – reaching new all time highs. Gains made by investors earlier in the Obama administration have further grown, helping businesses raise capital and improving the nest eggs of almost all Americans. And laying the foundation for recent, and prolonged job growth.
Forbes~This week the Institute for Supply Management (ISM) released its manufacturing report, and it surprised nearly everyone. The latest Purchasing Managers Index (PMI) scored 59, two points higher than July and about that much higher than prognosticators expected. This represents 63 straight months of economic expansion, and 25 consecutive months of manufacturing expansion.
Forbes~“What’s now clear is that the Obama administration policies have outperformed the Reagan administration policies for job creation and unemployment reduction. Even though Reagan had the benefit of a growing Boomer class to ignite economic growth, while Obama has been forced to deal with a retiring workforce developing special needs. During the eight years preceding Obama there was a net reduction in jobs in America. We now are rapidly moving toward higher, sustainable jobs growth.”
Forbes~“President Obama has achieved a 6.1% unemployment rate in his sixth year, fully one year faster than President Reagan did. At this point in his presidency, President Reagan was still struggling with 7.1% unemployment, and he did not reach into the mid-low 6% range for another full year. So, despite today’s number, the Obama administration has still done considerably better at job creating and reducing unemployment than did the Reagan administration.
Ah now nascar , these righties here don't like facts !
Don't forget those quotation marks, either, ncn.
And how many like Clinton were forced by a republican congress?
OK! How about those SAME statistics under Obama, specifically?
Just the facts on the economy from Forbes: •Personal disposable income has grown nearly 6 times more under Democratic presidents •Gross Domestic Product (GDP) has grown 7 times more under Democratic presidents •Corporate profits have grown over 16% more per year under Democratic presidents (they actually declined under Republicans by an average of 4.53%/year) •Average annual compound return on the stock market has been 18 times greater under Democratic presidents (If you inve...sted $100k for 40 years of Republican administrations you had $126k at the end, if you invested $100k for 40 years of Democrat administrations you had $3.9M at the end) •Republican presidents added 2.5 times more to the national debt than Democratic presidents •The two times the economy steered into the ditch (Great Depression and Great Recession) were during Republican administrations.
player...Iran. some could argue that since the Iraqis no longer desire american assistance at this time, we have been shown the door so to speak. the absense of american presence is very troubling on a diplomatic and intelligence level. the rebuilding of ancient muslim world could be unfolding at this very time. good or bad is yet to be seen...however i think the wests best interest does not involve complete unification. i have been perplexed as to why exactly they have not become a single nation or even mimic the european union. certainly they have geographical and soon to be nuclear capabilities as well as monetary advantages that could make them another superpower. what do you folks think?
partial repost from yahoo news: Iraqi Leader...“I'm calling on the Islamic world to rise up to this,” he said. “It is more dangerous to the Islamic world than the rest of the world. They're trying to damage our own religion. They try to take our own belief from us. They're trying to destroy what we have believed in for centuries.” One Muslim nation has already heeded Iraq’s call for help in great measure: Iran. Iran is playing a leading advisory role in Iraq’s largest military operation yet against ISIS: a mission to retake the city of Tikrit, which fell under ISIS control last summer. “Well, Iran is a neighbor,” al-Abadi explained. “And Iran feels itself under threat. So I think they are helping in in a lot of ways.” Iraq did not request U.S. assistance in carrying out the mission......this would be an indication of a successful plan by the Obama administration if his plan was to pit muslim against muslim. on the outside appears to be a great strategy until one notices the other pla
Absolem I agree with you but there is some sticker shock coming for those that think the govt helped them
whether they do it to offset taxes or satisfy their soul, the fact is we give. the astoundingly profound fact is that it is still not enough. the bottomless pit of need can't be filled by a few, but if each person strives to lighten the load by providing for themselves, then we can help someone that needs and wants help now.
good morning Stillhere. it seems that the numbers will be rolling in pretty soon and Moderation will have the figures for the net cost to you and everyone else to provide for the endless and ever-growing healthcare needs and costs thatare shouldered by those that strive to provide for themselves. as clinical as it sounds, the costs is the cost...and from what i have found, you can't always pay bills with empathy. i think what alot of people fail to consider is the sheer amount of money that is donated to organizations that provide for those in need. i did a little searching and found the following: "Americans gave $335.17 billion in 2013In 2013, the largest source of charitable giving came from individuals at $241.32 billion, or 72% of total giving; followed by foundations ($50.28 billion/15%), bequests ($26.81 billion/8%), and corporations ($16.76 billion/5%)." i know that Americans are quite charitable on their own without "forced" philantrophy. whther they do it
Obamacare exchange customers set for significant premium spikes, CBO predicts
Poor little liar , is your arse sore from being exposed as a liar ?Its just a matter of time !
700 Channel Lane , Marietta, OH 45750 | 740-373-2121