Archive for Forbes – Obama Best Economic President

Why Are Congressional Democrats Distancing Themselves From President Obama When The Economic Record between Obama And Bush Is Crystal Clear?

Posted in Uncategorized with tags , , , , , , , , , , , , , , , , , , , on October 9, 2014 by sheriffali

Remember Al Gore! He too distanced himself from Bill Clinton’s amazing Economic Record and he lost to George W Bush by 538 Votes. Had Al Gone not run away from one of the most prosperous times in American History, Economically, Florida would not have mattered anyway. Just imagine, Gore couldn’t even win his own home State.

 

We are living in an age where 70% of the Public cannot name the Three Branches of Government or even name one Member of The House of Representatives or Senate in their own State, but the Media and the Pollsters are betting the 2014 Mid Term outcome on Polls taken from these same people.

 

It seems self evident that phantasmagoric rationales and internecine narcissism far outweighs “facts,” at a time when the majority of Americans are uninformed, ignorant, easily brainwashed and yes, down-right stupid.

 

In a consolidation of Polls 72% of Americans agree that the Republican Congress hasn’t done anything to help the Middle Class, Poor, Student or our Veterans, but yet, 75% want Republicans to take control of the Senate and keep control of the House. Just how dumb have we become from the influence of Cable News and Social Media, where lies are trolled as facts; hate blinds reality; and a majority of Americans calls President Obama, dumb and stupid.

 

Imagine, a man that Graduated Magna Cum Laude from Harvard; taught Constitutional Law for twelve years and at 46, was elected President and reelected in 2012. A man that took America from the brink of collapse after eight years of Bush and Cheney meltdown and breathe life into America, yet he is disrespected and kicked around by the right-wing, some on the left and most in the Media.

 

One thing we have proven in America today by fulfilling the old adage; “Man is the only beast that runs faster when he has lost his way.”

 

Twitter @sheriffali

 BARACK OBAMA ECONOMIC RECORD V BUSH

President Obama is the best Economic President in Modern Times [Forbes]

Posted in Uncategorized with tags , , , , , , , , , , , , , on September 10, 2014 by sheriffali

Outperforming Reagan on Jobs, Growth and Investing; best Jobs Creation in American History

 

The Bureau of Labor Statistics (BLS) today issued America’s latest jobs report covering August.  And it’s a disappointment.  The economy created an additional 142,000 jobs last month. After six consecutive months over 200,000, most pundits expected the string to continue, including ADP which just yesterday said 204,000 jobs were created in August.

 

 

One month variation does not change a trend

 

Even though the plus-200,000 monthly string was broken (unless revised upward at a future date,) unemployment did continue to decline and is now reported at only 6.1%.  Jobless claims were just over 300,000; lowest since 2007.  Despite the lower than expected August jobs number, America will create about 2.5 million new jobs in 2014.

 

And that is great news.

Back in May, 2013 (15 months ago) the Dow was out of its recession doldrums and hitting new highs. I asked readers if Obama could, economically, be the best modern President?  Through discussion of that question, the number one issue raised by readers was whether the stock market was a good economic barometer for judging “best.”  Many complained that the measure they were watching was jobs – and that too many people were still looking for work.

 

 

To put this week’s jobs report in economic perspective I reached out to Bob Deitrick, CEO of Polaris Financial Partners and author of Bulls, Bears and the Ballot Box (which I profiled in October, 2012 just before the election) for some explanation.  Since then Polaris’ investor newsletters have consistently been the best predictor of economic performance. Better than all the major investment houses.

 

 

This is the best private sector jobs creation performance in American history

 

 

Bob Deitrick: ”President Reagan has long been considered the best modern economic President.  So we compared his performance dealing with the oil-induced recession of the 1980s with that of President Obama and his performance during this ‘Great Recession.’ 

 

 

“As this unemployment chart shows, President Obama’s job creation kept unemployment from peaking at as high a level as President Reagan, and promoted people into the workforce faster than President Reagan.

 

 

“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.

 

 

“We forecast unemployment will fall to around 5.4% by summer, 2015.  A rate President Reagan was unable to achieve during his two terms.”

 

 

What about the Labor Participation Rate?

 

 

Much has been made about the poor results of the labor participation rate, which has shown more stubborn recalcitrance as this rate remains higher even as jobs have grown.

 

Twitter @sheriffali

BARACK OBAMA - FORBES BEST ECONOMIC PRESIDENT

 

http://www.forbes.com/sites/adamhartung/2014/09/05/obama-outperforms-reagan-on-jobs-growth-and-investing/