Obama Economy - The Final Chapter
 

The U.S. economy’s expansion slowed in the fourth quarter, and annual growth failed to reach 3% for an 11th straight year, reflecting the huge hurdles the Trump administration faces in trying to speed up a 7½-year-old expansion.

Gross domestic product, the official score card for the economy, expanded at a 1.9% annual clip from October to December, the Commerce Department said. That’s a marked drop from a 3.5% growth rate in the third quarter and below the 2.2% MarketWatch-compiled consensus.

For the full year, the U.S. grew just 1.6%, compared with its 2.6% clip in 2015. It was the weakest performance since 2011. The last time the U.S. topped 3% growth — the historical average is 3.3% — was in 2005.

http://www.marketwatch.com/story/us-...ows-2017-01-27

The labor force participation rate, at 62.7 percent, changed little in December and was unchanged over the year. In December, the employment-population ratio was 59.7 percent for the third consecutive month; this measure showed little change, on net, in 2016. (See table A-1.)

The number of persons employed part time for economic reasons (also referred to as involuntary parttime workers), at 5.6 million, was essentially unchanged in December but was down by 459,000 over the year. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)

https://www.bls.gov/news.release/pdf/empsit.pdf

U6 Unemployment Number: 9.2%

Obama did exactly what his big donors wanted him to do.

He maintained the status quo so that the rich could get richer while the poor got poorer.

The Republicans should have loved him.

He was their kind of nigger.

http://i843.photobucket.com/albums/z...1231112754.jpg

https://www.youtube.com/watch?v=yuedZ1Y_dU4

Do not expect great economic shine for the US in this globalist world in which we have given up, handed over so much.

Obama's Big Sellout: He has Packed His Economic Team with Wall Street Insiders
 

While all you Hillarybots are screaming like a tree full of Chinese monkeys'about Trump's appoints, let's take a little trip down memory lane.

http://www.commondreams.org/news/200...treet-insiders

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TJ is the N word really necessary? Trump inherited a much better economy that Obama did FWIW.

You can take the white boy outta Floriduh but you can't take the Floriduh outta this one.

Thankfully Floriduh is completely on the other side of the country. :p

Should expect this nonsense from the obstructionists who refused to vote in the whole recovery package and still failed trying to hold the country hostage to what we are experiencing today from the GOP. Every time we put a Republican in the White House we have to elect a Democrat to come in and fix the mess.


Saved the economy, no W.H. scandals, no new blood for oil wars, got Bin Laden.....


Carl

Despite Whell's misleading statement, the unemployment rate dropped to 4.7% under President Obama.

Good thing is Floriduh will be only be a fading memory once the Atlantic and the Gulf meet in the center. The little bits left to the north can call themselves South Georgia. ;)

I figured that one would bring the PC police out.:rolleyes:

Like nobody really knows what is meant when someone says "The N word".

What other word would possibly pop into someones mind?

Out loud, on paper, on screen, in your mind, it's all the same.

:rolleyes: