(November 10, 2016 at 12:58 pm)Rhythm Wrote:come on douche, even the LA times calls the economy as it is. You horse lost. drop the BS, and learn from your mistakes.(November 10, 2016 at 12:47 pm)Drich Wrote: I felt the same way when obama was first elected.. Time will tell which one of us was right.
Well, time has obviously shown that you were wrong about Obama. He exceeded the campaign promises of his opponents. He made our economy stronger than Mitt Romney promised to, for instance. Let's not pretend that you now or have ever had an issue with Obama for anything other than "social" reasons. He outperformed his rivals promises economically and politically (and that's granting his rivals the generous assumption that -they- could have delivered on them)
That;s ignoring that all of the problems you -have- expressed with obama fall into one of two categories. Pure and abject fantasy, or a misunderstanding of the terms and concepts to which you refer when making criticism. Your head is as full of funhouse mirrors as your boy Trump's.
All that matters is whether voters want a change or not. And that depends on how well the economy has been performing under the outgoing administration; in this case, the Obama administration.
For the last, agonizing six months, the airwaves and newspapers have been filled with political prognoses. Every commentator claimed special insight into how voters would cast their ballots and why. Most of them were wrong, of course. And according to economic theory, completely irrelevant. None of the political factors the pundits cited ad nauseum even enter the best economic models.
Simply put, Clinton lost because the economy under President Obama did not perform well enough to meet Fair’s thresholds of happiness. Economic growth was anemic for nearly all of the last eight years. As a result, job creation lagged far behind the records set during other post-recession recoveries.
In the Fair model, GDP growth in the three calendar quarters prior to the election is critical: That’s when voters are especially attuned to how the economy is performing. And on that count, Clinton lost a lot of votes; GDP growth was a paltry 0.8 % in the first quarter of this year, 1.4 % in the second and 2.9 % in the third. This sluggish growth hardly inspired confidence in the economic policies of an Obama/Clinton team, and it seems Clinton couldn’t talk her way out of this performance.
http://www.latimes.com/opinion/op-ed/la-...story.html