Since Daily Kos readers are aware that Obama is responsible for the decline and fall of practically everything, I thought I would provide some graphs to illustrate this phenomenon, in case you ever encounter any doubters.
We need to start with employment. The chart below shows the rate of available labor (also called the “unemployment rate” by gloomy Eyores). That’s people who stand ready to work and get the wheels of commerce in motion. We see here that by the close of the Bush Administration (like other Republican administrations) there was a ready supply of human resources available for new and growing businesses. But under the Obama administration (as other Democratic administrations), the available labor supply has been choked down more and more. This situation increases the cost of labor (through so-called “salaries” — funds that workers generally waste on beer and big screen televisions), and this is very bad for business.
Next, we confront the troubling issue of our standing in the world. We see from the accompanying figure that Obama’s rate of selection of the Most Admired Person in the World has withered from an initial 30%, when people had not yet learned about his socialist agenda, to a paltry 17% in 2015. By comparison, consider George W Bush’s 28% approval rating during the last year of his presidency — a full 11% higher. These numbers don’t lie.
Now, the stock market. When the business world found out that Obama might be elected President, stocks reacted with consternation. There were absolutely no other negative factors going on at this time - except for the looming threat of Obama, it was all smooth sailing under the steady hand of Treasury Secretary Paulson and economic wizardry of Geroge W Bush.
Since those grim times, you may have heard about the supposed uptrend in the market overall, but a closer look reveals a minimum of seven instances where Obama’s reckless anti-business policies have damaged the market. We’re talking billions of dollars of lost value in every downturn here, folks — that’s not chump change.
We need to start with employment. The chart below shows the rate of available labor (also called the “unemployment rate” by gloomy Eyores). That’s people who stand ready to work and get the wheels of commerce in motion. We see here that by the close of the Bush Administration (like other Republican administrations) there was a ready supply of human resources available for new and growing businesses. But under the Obama administration (as other Democratic administrations), the available labor supply has been choked down more and more. This situation increases the cost of labor (through so-called “salaries” — funds that workers generally waste on beer and big screen televisions), and this is very bad for business.
Next, we confront the troubling issue of our standing in the world. We see from the accompanying figure that Obama’s rate of selection of the Most Admired Person in the World has withered from an initial 30%, when people had not yet learned about his socialist agenda, to a paltry 17% in 2015. By comparison, consider George W Bush’s 28% approval rating during the last year of his presidency — a full 11% higher. These numbers don’t lie.
Now, the stock market. When the business world found out that Obama might be elected President, stocks reacted with consternation. There were absolutely no other negative factors going on at this time - except for the looming threat of Obama, it was all smooth sailing under the steady hand of Treasury Secretary Paulson and economic wizardry of Geroge W Bush.
Since those grim times, you may have heard about the supposed uptrend in the market overall, but a closer look reveals a minimum of seven instances where Obama’s reckless anti-business policies have damaged the market. We’re talking billions of dollars of lost value in every downturn here, folks — that’s not chump change.
