While Republicans continue to falsely claim President Obama has made the economy worse, the fact is Obama’s policies have improved the economy. The numbers speak for themselves.
Just this week, unemployment applications dipped to a four year low. The nation’s retailers posted strong gains and the Dow Jones industrial average closed above 13,000, “a threshold it last crossed four months before the financial crisis of 2008 and the darkest days of the Great Recession.”
Need more evidence? The Treasury Department released thirteen charts showing the improvements. View them all at the link. The data includes graphs that show how much the economy is growing. They show private sector is leading growth while government employment is shrinking. Also, the much hated TARP bailout generated a positive return, and the overall cost was wildly overestimated. Furthermore, contrary to the false claims of Republicans, the president did present a budget that cuts the deficit and stabilizes the debt. And importantly, the data shows the health care reform act “has helped curb the costs of healthcare.”
In other words, virtually everything the Republicans are telling you is false. As this expert explains, “The economy is better than you think. The bailouts and stimulus worked better than you think. And government is smaller than you think.”
The Republicans have no accomplishments to run on. They staked nearly their entire re-election strategy on sabotaging President Obama’s vision for the sole purpose of causing the recovery to fail. Gratefully, it was the GOP who failed. President Obama is succeeding in spite of them and his success benefits us all.