MEASURING PERFORMANCE: New Data Shows Absolute Economic Destruction During Obama Years

Friday, May 31, 2019

by Assistant Editor May 30, 2019

Guest post by Dr. Ted Malloch, author of Davos, Aspen and Yale

The Federal Reserve Bank of St Louis just released this single snapshot of economic performance over the Obama years.

What do you see?

(Sorry, files not transferable) visit: https://www.thegatewaypundit.com/2019/05/measuring-performance-new-data-shows-absolute-economic-destruction-during-obama-years/

His eight years did more to destroy America than any of past presidents, be they Democrat or Republican.

Look and study these few charts:

Student loans exploded and are a literal time bomb ticking away at he millennial generation.

Food stamps soared as poverty dramatically increased.

Federal debt went through the roof as we added more debt than all other previous periods combined.

We printed lots of money to paper over the monetary effects.

Health costs went way up when we were told they would drop. Obama care was a flop.

Labor force participation went down as unemployment increased and many just dropped out of the workplace altogether.

Inequality went up and up, as the rich got richer and the middle class shrank.

Median income dropped.

Home ownership also fell way down.

Overall, Americans were far worse off than before and we were told there was NO hope.

The country was losing to China and our children and grandchildren would not live as well as their parents and grandparents had.

Jobs would never return.

Now look at what has happened in the short years since Donald J. Trump was surprisingly elected President.

YOU CALL IT A TOTAL TURNAROUND.

Even the Clinton’s knew: “It is the economy stupid” that gets you reelected.

We cannot go back to Democrat or socialist economics.

Economic growth at 3% solves lots of problems and serves up a true wealth effect.

Everyone benefits, especially minorities, women and youth.

Hope returns.

Which do you want?

Which does America deserve?

About Robert Stewart

Robert S. Stewart is a Canadian/Swiss entrepreneur, financier, investor, Master Planner, explorer, scientist, adventurer, athlete, Corporate Director, Chairman and CEO of numerous global enterprises including those in mining, petroleum, infrastructure, telecoms, aviation, hospitality and medical research . Currently, he has invested in the construction of the world's first integrated cacao plantation (103 hectares), chocolate processing factory in Costa Rica. Cacao beans are normally sold into the world market and processed into chocolate in the Northern Hemisphere, far from the planters and plantations of the Tropical zone where they grow. Modern, industrial chocolate has had the bitter mass from poor quality beans provided by 95% of Forestero beans removed from them and replaced by massive amounts of white beet sugar, soya and other additives. Criollo and Triniterio beans from Central America are the best beans in the world, where they first grew 4000 years ago. Adding value and paying the workers adequate salaries and prices for their high quality beans will lift them and Third World economies out of poverty. He created the World Ocean Corporation to clean-up plastics, toxic chemicals, municipal and industrial waste; replenish decimated fish stocks in the Mediterranean Sea, North Sea, Pacific, Atlantic, Indian and Arctic Oceans; and to build protection and exclusion zones for reproducing fish, mammal, animal and aviary species found in the oceans covering 71% of the Earth's surface. He writes frequently in the OP ED pages of the New York Times, Financial Times of London, The Economist, Toronto Globe and Mail, Mining.com, The Times and Telegraph of London, Winnipeg Free Press and the Victoria Beach Herald. These are reprints of his editorial and OP ED pieces and comments on those who write better articles than his own. While he uses his own name or Email address to identify the writer of his articles, occasionally he is forced to use a "nom de plume" by the editors. "Beaverbrook" passes for that, after three generations of family dogs of the same name. It's a dog's world.
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