It seems that the neo-Cons just can’t get enough of demonizing President Obama. But here’s 7 undeniable FACTS about Obama’s success, all with sources, to help you shut them right up.
We’ve been watching the Obama Derangement Syndrome take control of the neo-Cons since President Obama first took office. But what I find truly amazing now that he’s been in the White House for nearly two full terms is that even in the face of outright reality, they will still argue against the facts.
So for all of our righty friends who seem to have so much trouble recognizing the truth, here’s just a few undeniable FACTS (with sources) that might help with their obvious confusion.
The next time someone asks, “How’s that ‘Hope and Change’ thing working out?” here’s a few solid answers for you….
In February of 2009, right after Obama took office, the uninsured rate was at 16.1%. It was no secret that our health care system was broken. And then came Obamacare. Now, it is true that Obamacare is not perfect….far from it actually. But many of the problems with Obamacare are a direct result of compromises made to appease the Republicans in an effort to make it a bipartisan bill. As we now know, Obamacare is nowhere near the single payer system that Liberals originally wanted. But even with all of the flaws that still need to be addressed, it is definitely better than the broken system that we had before. According to the CDC and Census data, the uninsured rate is now 8.6% because of Obamacare.
The Unemployment Rate
According to the Bureau of Labor Statistics the unemployment rate was 8.3% in February of 2009. But as you can see in these graphs there has been a steady decline under President Obama. Last month the unemployment rate was down to 4.6%.
Now don’t be surprised when you present these facts to your righty friends if they insist the actual unemployment rate is at 10% (implying that Obama is a failure with jobs). Of course they are being fed this falsehood from Fox News, but what they are really doing is comparing apples to oranges.
Beyond the official unemployment rate we have other rates which factor in things like discouraged workers and part time workers. One of those other rates is know as the U6 rate which adds on the workers who are working part-time purely for economic reasons. That figure the righties love to quote of nearly 10% is using the U6 numbers. But here’s the thing…even when you use the U6 figures there has been a vast improvement. In February of ’09 the U6 unemployment rate was 15.1%. It is now at 9.3%.
The Stock Market
Another good indicator of economic growth is the stock market. With the market continuing to hit new highs, it can sometimes be easy to forget just how bad things were when Obama first took office. By the end of Bush’s presidency we had experienced two stock market crashes and watched the second worst market decline in history, only exceeded by the Great Depression.
February 19th of 2009 the stock market closed at 7,447. But after watching a steady growth of the market under Obama it is now up to a new record of nearly 20,000. On December 28, 2016 the DOW was at 19,833.
The Annual Deficit
The decline in the budget deficit is another strong indicator of the economic growth under President Obama. In February of 2009 the annual deficit was -$1,400 Billion. But according to the numbers put out by the Congressional Budget Office, the deficit has dropped to -$504 Billion.
Consumer confidence is another thing that has drastically improved under Obama. In February of 2009 things looked economically bleak for most Americans. The Consumer Confidence Index was at a whopping 25.3. It is now at 113.7.
And one more strong indicator of economic gains under Obama are housing prices. In February 2009 home sales were down 7.1% from the previous year. And home prices were down 12.4%. House price growth is now up 5.2%, down slightly from 5.8% in September.
As you can see, by every measure we are doing better now than we were when Obama first took office. Those are simply the facts. And the cool thing about facts is that even when the righties don’t want to face the truth, the facts remain reality.