Obama is an economic idiot or truly a leftwing socialist transforming America into a European socialist economy of high unemployment, high debt, low economic growth, and massive govt. dependence. All you need to do is look at the dependence on the govt. in Europe to see what is happening here. A very high percentage of GDP in Europe is govt. spending and when austerity is tried there are riots in the street because their dependence on govt. is threatened. Is that what you really want here?
That you can't understand how a misery index of 4 doesn't necessarily indicate a strong economy reveals how little you know about economics.
At any rate, no matter how much you bitch and moan, the misery index will never be an indicator of the economy.
And the leading economic indicator, GDP, which is a true indicator of the economy, you avoid like the plague. Why? Here's why...
Reagan's recession: -1.5% GDP
Bush's Great Recession: -4.7%
Bureau of Economic Analysis’ (BEA) advanced Gross Domestic Product (GDP) figures painted a picture of a dull economy, with the annualized Q/Q growth rate coming in at about 2%. When looking at the above chart, the dull economy is represented by the fact that year over year GDP growth rate has been hovering around 2% for around three years. This hovering of the GDP growth rate around 2% is something more akin to slow growth European economies than it is of the American experience.
Under Ronald Reagan’s watch, businesses expanded operations by enough to boost GDP per capita by about $5,400 per capita, about a 25% improvement over the Jimmy Carter experience.
So far, business expansion under Barack Obama’s watch has been poor, expanding by about $1,600 over the past four years. The average of about $400 per person through the first four years of a presidency is second worst in recent history, ahead of only Bush I’s first four years.
Second worst in recent history under Obama....Is that why you only want to focus on republicans?
The measurement as to the severity of a recession is the effect on the American people. Since there was no inflation, low interest rates working Americans weren't affected nearly as much as the high interest rates and inflation of the 81-82 recession topped off by high unemployment.
You are either a leftwing ideologue or playing a game here. Which is it?
By the way judging Bush on one year of his Presidency is what liberals love to do but the reality is the entirety kicks Obama's ass
There can't be any other explanation. No bill in the Senate can be voted on unless it passes cloture . Democrats (down a party line vote) had the 41 votes they needed to block cloture. No bills in the Senate got an up or down vote unless Democrats voted to stop debate on the bill (Yes Democrats had plenty of power, even though they were the minority party in the senate at the time). Democrats had no intention of stopping debate of the bill. This happens ALL the time in the Senate. With no chance at getting 60 votes on the bill because of Democrat opposition, the bill was pulled (twice).
Either you don't understand how the Senate works, or you're a liar. I don't care which.