Great Bloomberg Article on Obama's Economic Success. GREAT TO FORWARD (and Rec!)

[MidwestTransplant]

http://www.bloomberg.com/apps/news?pid=20601109&sid=aeSenIUvpSK0&pos=10

_____
One year after U.S stocks hit their post-financial-crisis low on March 9, 2009, the benchmark Standard & Poor’s 500 Index has risen more than 68 percent, and it’s up more than 41 percent since Obama took office. Credit spreads have narrowed. Commodity prices have surged. Housing prices have stabilized.

“We’ve had a phenomenal run in asset classes across the board,” said Dan Greenhaus, chief economic strategist for Miller Tabak & Co. in New York. “If he was a Republican, we would hear a never-ending drumbeat of news stories about markets voting in favor of the president.”

The economy has also strengthened beyond expectations at the time Obama took office. The gross domestic product grew at a 5.9 percent annual pace in the fourth quarter, compared with a median forecast of 2.0 percent in a Bloomberg survey of economists a week before Obama’s Jan. 20, 2009, inauguration. The median forecast for GDP growth this year is 3.0 percent, according to Bloomberg’s February survey of economists, versus 2.1 percent for 2010 in the survey taken 13 months earlier.

[Peacetrain]

1. Than you for the link.. a very good read!

[ShortnFiery]

2. Oh yeah, Blooberg and the WSJ are DoublePlusGood for all.

:crazy:

[MidwestTransplant]

6. Focus on the article, not the publication

[Tennessee Gal]

3. Thank you!

[Liberal_Stalwart71]

4. Sadly it won't matter as long as voters themselves are disillusioned

and out of work.

More should be done to target the middle class...and the poor!!!

[girl gone mad]

5. The catapulters are working hard.

Too bad for them no one is buying it.

[Cha]

7. Those who are capable of cognitive thinking aren't buying your

meme.

[girl gone mad]

9. Are you really so clueless as to label broad economic reality a "meme"?

Allow me to set you straight:

" Gallup has tracked Americans’ satisfaction with national conditions since 1979. Since that time, there have been three other periods of sub-20% satisfaction ratings, all during difficult economic times for the United States. These include 1979 to 1981, when the nation dealt first with an energy crisis during the latter part of the Carter presidency and high unemployment in the early part of the Reagan presidency; 1992, as the U.S. was coming out of a recession; and 2008 to early 2009, during the economic downturn and the financial crisis, including a record-low 7% reading in October 2008.

Current satisfaction levels among all party groups are low, including 11% among Republicans, 17% among independents, and 29% among Democrats.

The recent decline in satisfaction has come almost exclusively among Democrats."

[Cha]

11. You can't set anyone straight who doesn't buy your

constant spamming.

[HughMoran]

13. Satisfaction index? ROFLMAO!!!

How about some hard numbers?

Americans’ wealth up for 3rd straight quarter
Fed says household net worth rose 1.3 percent to $54.2 trillion





Reports show modest but steady economic recovery

"...the economy is enjoying modest growth even though the recovery remains fragile."


It ain't perfect, but it's a whole lot better than the grimsters would have you believe.

[HughMoran]

8. You are "no one"?

I thought you were girl gone mad?

:shrug:

[girl gone mad]

10. yawn.

Whatever you do, don't look up.

[HughMoran]

14. I looked up

...and shot you down!

lol - evil can't win.

[Cha]

12. The usual contingent of negative nellies

trying to bring down anything positive.

[azmouse]

15. It's proof that the negativity is not about Pres Obama's policies,

as they like to spew, it's really about Pres Obama himself.

[Number23]

16. Rec'd. This is good news

[SunsetDreams]

17. Thank you, I've bookmarked it.

[Name removed]

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