Democrats are stupid
When Barack Obama was elected president, the nation was facing its worst economic crisis since the Great Depression. For all its flaws — a too-small-stimulus, lack of enough relief for average mortgage holders, etc. — Obama, with the help of Ben Bernanke's Federal Reserve, averted a second Great Depression.
When Obama took office, the unemployment rate was 7.8 percent on its way to 10 percent. Last month it was 5.8 percent…
…The federal deficit was $1.4 trillion or almost 10 percent of gross domestic product. Now it’s about $483 billion or 3.3 percent of GDP. The deficit has fallen faster than any time since the end of World War II…
…America's GDP was $14.4 trillion. In the third quarter of this year it had risen $17.5 trillion, despite the headwinds of a slow recovery. It is the best performance among advanced nations…
…Corporate profits after taxes were about $1 trillion in January 2009. In the second quarter of this year, the most recent data available, they hit a record $1.84 trillion…
…The Dow Jones Industrial Average closed at 7,949 the day he took office. Today it is above 17,652…
…And the Affordable Care Act extended health insurance to millions of Americans, and would have included millions more if not for the cruel obstruction of Republican governors.
In the hands of Ronald Reagan's ad men, this would have been Morning in America. For Democrats this election, it was something from which to run (hat tip to Emil's comment in the previous post). They deserved the destruction that befell them.
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