Posts Tagged ‘DOW Jones

08
Jul
14

President Barack Obama: Doing So Much Good For The Country

Obama New Yorker

****

Keith Boykin: Why Obama May Be The Best President Since WWII

I woke up this morning to a disturbingly silly headline. President Obama is the worst president since World War II, according to a plurality of voters in a Quinnipiac University poll released Wednesday. When you look beneath the numbers, it’s not what it looks like. Only about 33 percent of those polled called Obama the worst president, but that number roughly mirrors the percentage of Americans who identify themselves as Republicans, a group which has tried to sabotage, block, sue and impeach the president in recent years. So for the moment, forget what the polls say. The facts tell the real story of the Obama presidency, and the facts are damn good, especially compared to his predecessor. Under President Obama, the unemployment rate has fallen from 10 percent in 2009 to 6.3 percent today. Under George W. Bush, on the other hand, the unemployment rate rose from 4.2 percent to 7.8 percent. Under President Obama, the U.S. economy is gaining 200,000 jobs a month.

When Bush left office, however, we were losing 700,000 jobs a month. Under President Obama, at least 24 million people have gotten health insurance. The rate of uninsured has declined from 18 percent to 13.4 percent and the rate for Blacks has dropped dramatically from 20.9 percent to 14.7 percent. And despite all the exaggerated GOP claims that Obamacare would be a “job killer,” we’ve actually added more than 9 million new private sector jobs since the president signed the law. Under President Obama, businesses are also booming again. In the first few weeks of his presidency, the Dow Jones Industrial Average was sitting at 6547. Today it’s close to 17,000, a 10,000 point increase in five years!

Brk46CiCIAEhF34.jpg-large

And corporate profits hit an all-time record high just last year. President Obama ended the war in Iraq, drew down troops in Afghanistan, captured Osama Bin Laden, averted a second depression, helped to rescue the financial sector, stabilized home prices and saved more than a million jobs in the auto industry. At the same time, he enacted the most sweeping health care reform legislation in 50 years, something Richard Nixon, Jimmy Carter and Bill Clinton couldn’t do, and which Ronald Reagan and the two Bushes never wanted to do. as a student of history, as an unapologetic liberal, as an African-American, as a gay man, as a supporter of equal rights for women and as someone who knows what it’s like to lose a job and live without health insurance, I’d say President Obama has done more good for this country than any president before him.

More here

****

Obama-50-first-term-accomplishments

04
Jul
14

Happy Birthday, America And Thank You President Obama!

Brn5kRqCMAA_TBr.jpg-large

****

Spandan Chakrabarti: Not Just A Bull Market, Obama Recovery Points To A Strong Bull Economy

After employment data for June showed Barack Obama besting Bill Clinton’s record on sustained private sector job creation and June’s employment numbers crushing estimates, the DOW rallied to a historical high of over 17,000. To put it in perspective, the day Barack Obama took office in the midst of the greatest recession in (most of) living memory, the DOW lost over 330 points and closed at 7,949. the DOW wasn’t the only stock index to more than double its value over Obama’s presidency. In fact, all three stock indexes economists observe did. The NASDAQ more than tripled its value, going from 1,441 to 4486, and the S&P 500 closed at 1985 on Thursday, nearly 2.5 times its value at closing on January 20, 2009.

Consider a quick summary of yesterday’s jobs report: The economy has now gained private sector jobs for 52 months in a row, the longest ever on record, besting even Bill Clinton’s previous record of 51 months of sustained private sector job growth. In those 52 months, the economy has added 9.7 million private sector jobs. Adding 288,000 jobs, June not only blew past estimates, it marked 5 consecutive months of over-200,000 job additions for the first time since 1999. In the past year, the stubbornly high long-term unemployment rate has finally begun to drop. The last 12 months saw a 1.4 percentage point drop in unemployment, with fully half of that coming from the previously long-term unemployed finding work. The truth – and I know I keep repeating it – is that if any white president had accomplished Obama’s record on the stock market alone, let alone the rest of the recovery, they would be well on their way to be canonized as a bona fide American saint.

More here

****

firework




@BarackObama

@WhiteHouse

@FLOTUS

@blog44

@PeteSouza

Enter your email address to receive notifications of new posts by email.

@TheObamaDiary

@NerdyWonka

@DaRiverZkind

@Lib_Librarian

@amk4obama

@zizii2

Categories

Archives

Blog Stats

  • 26,888,641 hits
August 2014
M T W T F S S
« Jul    
 123
45678910
11121314151617
18192021222324
25262728293031