Politicspolitics

Tue Sep 12, 2017, 06:17 PM

Barack Obama's Final Economic Numbers

Real Median Household Income (Inflation Adjusted)
2009--$55,478// 2016: $59,039
http://www.deptofnumbers.com/income/us/
Poverty Rate
2009--14.3%// 2016: 12.7%
https://www.census.gov/prod/2011pubs/acsbr10-01.pdf

Percentage of Americans Without Health Insurance
2009--16.2% // 2016: 8.8%
https://www.census.gov/prod/2011pubs/acsbr10-01.pdf

Stock Market
First day of President Obama's terms in office: January 20, 2009
Dow-Jones Industrial Average: 7,921
NASDAQ: 1,441
Standard & Poors: 805

The final day of President Obama's terms in office: January 20, 2017
Dow-Jones Industrials: 19,732
NASDAQ: 5,540
Standard & Poors: 2,264

S&P under Obama: +181%
Dow under Obama: +148%
NASDAQ under Obama: +285%
http://checkyourfact.com/2017/08/02/fact-check-did-the-stock-market-nearly-triple-under-obama/
http://www.factcheck.org/2017/01/what-president-trump-inherits/


23 replies, 189 views

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Arrow 23 replies Author Time Post
Reply Barack Obama's Final Economic Numbers (Original post)
jh4freedom Sep 12 OP
def_con5 Sep 12 #1
graham4anything4HC45 Sep 12 #2
Real-life karma Sep 12 #3
quad489 Sep 12 #4
def_con5 Sep 12 #6
jh4freedom Sep 12 #8
Doctor_R Sep 12 #5
jh4freedom Sep 12 #9
Doctor_R Sep 12 #10
jh4freedom Sep 12 #13
Doctor_R Sep 12 #14
jh4freedom Sep 12 #17
Doctor_R Sep 12 #18
jh4freedom Sep 12 #20
jh4freedom Sep 12 #21
Dumper Sep 13 #23
Solesurvivor Sep 12 #7
jh4freedom Sep 12 #11
Solesurvivor Sep 12 #12
jh4freedom Sep 12 #19
mrwordsworth Sep 12 #15
TheyLostTheirForums Sep 12 #16
Dumper Sep 13 #22

Response to jh4freedom (Original post)

Tue Sep 12, 2017, 06:20 PM

1. Ya forgot one

GDP growth less than 2%. Worst in the modern era.

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Response to jh4freedom (Original post)

Tue Sep 12, 2017, 06:21 PM

2. President Obama winner, winning and still champion. Obama4Ever

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Response to jh4freedom (Original post)

Tue Sep 12, 2017, 06:22 PM

3. Well that can't be ---

Righty told me he was a disaster and he collapsed the entire economy !

Righty couldn't be ---- wrrr --- -wwwrrrr

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Response to jh4freedom (Original post)

Tue Sep 12, 2017, 06:24 PM

4. "2016: $59,039"...source? Your linked source states "$55,775 in 2015, the latest data available"

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Response to quad489 (Reply #4)

Tue Sep 12, 2017, 06:31 PM

6. Busted

That number is a guesstimate for Trump's first year.

However with the two hurricanes, don't think we'll get there.

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Response to jh4freedom (Original post)

Tue Sep 12, 2017, 06:29 PM

5. No mention of

foodstamp usage?

(+32%)

https://www.fns.usda.gov/sites/default/files/pd/SNAPsummary.pdf

If things were so rosy, why the increase in foodstamps?

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Response to Doctor_R (Reply #5)

Tue Sep 12, 2017, 07:22 PM

9. More Old Folks

Living longer. "SNAP Helps Millions of Low-Income Seniors"
https://www.cbpp.org/research/food-assistance/snap-helps-millions-of-low-income-seniors

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Response to jh4freedom (Reply #9)

Tue Sep 12, 2017, 07:37 PM

10. Please.

There are 32% more "seniors" now than in 2009?

The foodstamp "president" earned the nickname.

An economic genius he was not.

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Response to Doctor_R (Reply #10)

Tue Sep 12, 2017, 08:17 PM

13. States With the Most Food Stamp Recipients

7) Louisiana--Red State
Number of food stamp recipients: 877,340
Percentage of the state’s population on food stamps: 18.87%
Total cost of just these benefits alone: Around $108.22 million
Cost of benefits alone per capita in this state: $23.27
6. West Virginia--Red State
Number of food stamp recipients: 362,501
Percentage of the state’s population on food stamps: 19.59%
Total cost of just these benefits alone: Around $44.71 million
Cost of benefits alone per capita in this state: $24.17 per person
5. Tennessee--Red State
Number of food stamp recipients: Just over 1.31 million
Percentage of the state’s population on food stamps: 20.04%
Total cost of just these benefits alone: Around $161.9 million
Cost of benefits alone per capita in this state: $24.72
4. Oregon--Blue State
Number of food stamp recipients: 802,190
Percentage of the state’s population on food stamps: 20.21%
Total cost of just these benefits alone: Around $98.96 million
Cost of benefits alone per capita in this state: $24.92 per person
3. New Mexico--Blue State
Number of food stamp recipients: 430,622
Percentage of the state’s population on food stamps: 20.65%
Total cost of just these benefits alone: Around $53.12 million
Cost of benefits alone per capita in this state: $25.47 per person
2. District of Columbia--Blue
Number of food stamp recipients: 142,707
Percentage of the state’s population on food stamps: 21.66%
Total cost of just these benefits alone: Around $17.6 million
Estimated cost of benefits alone per capita in this state: $26.72 per person
1. Mississippi--Red State
Number of food stamp recipients: 656,871
Percentage of the state’s population on food stamps: 21.94%
Total cost of just these benefits alone: Around $81.03 million
Estimated cost of benefits alone per capita in this state: $27.06 per person
https://www.cheatsheet.com/personal-finance/states-with-the-most-people-on-food-stamps.html/?a=viewall

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Response to jh4freedom (Reply #13)

Tue Sep 12, 2017, 08:22 PM

14. Who cares?

Besides, dc isn't a state.

Maybe you didn't learn that in grade school like the rest of us.

My question was about the number of seniors NOW vs. 2009.

Are there 32% MORE seniors NOW than in 2009?

I couldn't care less WHERE they are.

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Response to Doctor_R (Reply #10)

Tue Sep 12, 2017, 08:32 PM

17. Yep

There was indeed a Great Recession and the number of Americans on food stamps hit an all-time high in 2013 at 47.6 million. When President Obama left office 43 million Americans were on food stamps. Since there are 325 million Americans, that means 13% of the population got food stamps which is just about identical to the poverty rate (12.7%).
As John F. Kennedy said: "If by a 'Liberal' they mean someone who looks ahead and not behind, someone who welcomes new ideas without rigid reactions, someone who cares about the welfare of the people-their health, their housing, their schools, their jobs, their civil rights and their civil liberties-someone who believes we can break through the stalemate and suspicions that grip us in our policies abroad, if that is what they mean by a 'Liberal.' then I'm proud to say I'm a 'Liberal.'"--John F. Kennedy
Barack Obama was another President who governed as a liberal.

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Response to jh4freedom (Reply #17)

Tue Sep 12, 2017, 08:36 PM

18. "Yep" WHAT?

Are there 32% more seniors NOW than there were in 2009 or not?

You STILL haven't answered my question.

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Response to jh4freedom (Reply #17)

Tue Sep 12, 2017, 09:17 PM

20. The Number of Food Stamp Recipients

Mirrors the poverty rate. Poor people depend on the SNAP program. Seniors living on Social Security did not account for all 32% of the increase but they did account for a significant percentage of the increase. Fortunately by the time President Obama left office the number of SNAP recipients was down by 9% from its 2012 high.
"The number of people participating in the Supplemental Nutrition Assistance Program (SNAP, formerly food stamps) has declined by more than 4 million people, or 9 percent, since peaking in December 2012, reflecting the program’s responsiveness to an improving economy, as well as the effects of the returning three-month time limit for unemployed childless adults. The share of the population participating in SNAP has returned to 2011 levels, and is projected to continue to fall. The SNAP caseload declines have been widespread; the share of the population receiving SNAP was lower in 2016 than in 2013 in 45 states.
SNAP spending also has fallen. SNAP outlays fell for the third straight year and were 4 percent lower in 2016 than in 2015. The only time since 2000 when SNAP spending declined faster was in 2014 when the Recovery Act’s SNAP benefit boost ended. In 2016 SNAP spending dropped to its lowest point since 2010, and more than 11 percent below 2013 peak levels. (These figures refer to nominal spending, not adjusted for inflation.)"
https://www.cbpp.org/research/food-assistance/snap-caseload-and-spending-declines-accelerated-in-2016

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Response to jh4freedom (Reply #20)

Tue Sep 12, 2017, 09:40 PM

21. The Elderly Population

In 2010, there were 40.3 million people aged 65 and older.
https://www.census.gov/content/dam/Census/library/publications/2014/demo/p23-212.pdf (See page 15)
In 2016, there were 51 million people aged 65 and older.
https://www.seniorcare.com/featured/aging-america/

But it really isn't about the raw numbers, its about income level, illnesses like Alzheimers and the number of people trying to survive on Social Security alone.

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Response to jh4freedom (Reply #20)

Wed Sep 13, 2017, 02:04 AM

23. "Cute" how you created numerous points out of one statistic.

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Response to jh4freedom (Original post)

Tue Sep 12, 2017, 06:38 PM

7. What about worker participation?

what about those that left the work force since they couldn't find a job?

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Response to Solesurvivor (Reply #7)

Tue Sep 12, 2017, 07:49 PM

11. You're right

All those retirees should just keep on working and full time students (workforce participation rate starts at age 16) in high school and college should get jobs.
Conservatives haven't bothered to notice that Trump is using the exact same employment/unemployment data that Obama used.
Trump's workforce particpation rate is currently 62.9%, exactly the same as when Obama left office.

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Response to jh4freedom (Reply #11)

Tue Sep 12, 2017, 07:50 PM

12. Don't you worry Trump has done and will do better than Obama

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Response to Solesurvivor (Reply #12)

Tue Sep 12, 2017, 08:46 PM

19. That will be great

If Trump does do better, yea Trump. The point I was making is that President Obama did well also, guiding us beyond the Great Recession. The American people rewarded him with a second term and 332 electoral votes. He left office with a 57% job approval rating and a 60% favorability rating.
No worries!

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Response to jh4freedom (Original post)

Tue Sep 12, 2017, 08:24 PM

15. Numbers so good

Hillary lost while promising to continue his policys

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Response to jh4freedom (Original post)

Tue Sep 12, 2017, 08:27 PM

16. They sucked

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Response to jh4freedom (Original post)

Wed Sep 13, 2017, 02:00 AM

22. Virtually all of those numbers resulted from his term starting at a historic lows.

In other words, it was all cyclical and pretty much beyond his control.

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