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Obama Outperforms Reagan On Jobs, Growth And Investing

Lukey

Senator
Hahahaha! Unemployment and the stock market are the only measures of the economy now, eh? That is a howl!

By every true measure of the economy, Obama has been a dismal performer. Notwithstanding your author's spin on the Labor Force Participation Rate, job creation isn't measured by the unemployment rate. His spin (that retiring baby boomers are retiring early, causing the LFPR to decline) is, quite simply, false. The LFPR in the oldest worker component is the only one that's up since the Obama depression started:

http://faculty.tamucc.edu/sfriday/wordpress/wp-content/uploads/2013/09/US-Labor-Force-Participation-Rate-by-Age-April-2013.png

Oops! There goes that meme.

And the stock market is up, not on rip roaring GDP, but rather unprecedented increases in the Fed's balance sheet:

http://readingthecompass.com/wp-content/uploads/2013/06/Fed-v.-spx.jpg

So this piece you cited is pure propaganda and everyone knows it.

http://www.washingtonpost.com/blogs/the-fix/wp/2014/06/05/is-the-american-dream-dead/

It's why the Democrats got destroyed in the recent election. The American people don't go by these faked measures of prosperity and instead focus on what can't be faked, the number of jobs available, new business creation, poverty levels, median salary levels - and all of those are flashing depression.

http://townhall.com/columnists/donaldlambro/2013/06/28/nobel-prizewinning-economist-says-obama-economy-is-in-a-depression-n1629299/page/full
 
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