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Clinton Has Given Obama An “A” On The Economy

- November 13, 2015

In An Interview With The Boston Globe, Clinton Gave The Obama Administration An "A" For Its Overall Performance, Adding “I Don't Think He Gets The Credit He Deserves For Saving Our Economy.” HILLARY CLINTON: "I'd give him an 'A.' I don't think he gets the credit he deserves for saving our economy from falling into a great depression, for saving the auto industry which represents millions of jobs up and down the supply chain, for beginning the crackdown on Wall Street abuses with Dodd-Frank, for getting the Affordable Care Act passed, for really being as responsive as he could possibly be given the obstructionism that he faced with the Republicans in Congress." (Hillary Clinton Interview With The Boston Globe, 10/17/15)

However, Under Clinton-Obama Policies, American’s Attitudes About The Economy Continue To Get Worse

According To A May 2016 Rasmussen Poll, 66 Percent Of Americans Think The Country Is On The Wrong Track. (Rasmussen, 2500 LV, 2% MoE, 5/22-26/16)

According To A May 2016 Gallup Poll, 58 Percent Of Americans Believe The U.S. Economy Is “Getting Worse.”(Gallup, 3,549 RS, 1% MoE, 5/9-15/16)

In April 2016, An AP-GfK Poll Found That 54 Percent Of Americans Would Characterize The Current State Of The U.S. Economy As “Poor.” “The survey showed people were slightly more likely to describe the economy as good and slightly more optimistic about their own financial situations than they were in February. Still, 54 percent characterize the economy as poor.” (Kathleen Hennessey and Emily Swanson, “AP-GFK Poll: Obama’s Approval Rises With Improving Economy,” The Associated Press, 4/11/16)

A May 2016 Poll From American Research Group Found 52 Percent Of Americans Disapprove Of The Way Obama Is Handling The U.S. Economy. (American Research Group, 1,100 RS, 2.6% MoE, 5/17-20/16)

The Gallup Survey U.S. Economic Confidence Rating Is Currently -16. (“Gallup Daily: U.S. Economic Confidence Index,” Gallup, Accessed 7/26/16)

The Hill Headline: Poll: Economy Is Most Serious Problem Facing America.” (Mark Hensch, “Poll: Economy Is Most Serious Problem Facing America,” The Hill, 3/10/16)

A Majority Of Americans Still Feel The U.S. Economy Remains In Recession. “Other polls have found that a majority of Americans even think the economy remains in recession, even though the Great Recession officially ended in June 2009.” (Christopher S. Rugaber, “AP Survey: Voter Anexity At Odds With Economists’ Optimism,” Associated Press, 3/1/16) 

The U.S. Economy Grew Just 1.1. Percent In The First Quarter Of This Year

U.S. GDP Grew Just 1.1 Percent During The 1st Quarter Of 2016. (Bureau Of Economic Analysis, 7/26/16)

The Weak Growth Shown By The Economy Is Falling Short Of Workers Would Expect To See In The Seventh Year Of A Recovery. “But the overall gains are still likely to fall short of what many experts — not to mention ordinary workers — would hope to see as the recovery nears the end of its seventh year.” (Nelson, D. Schwartz, “U.S. Economy Better Than Thought, But Still Weak,” The New York Times, 5/27/16)

This Was Just The Latest Weak Report In The “Slowest” Economic Recovery Since World War II, With Average Annual Growth Of Only 2.1 Percent. “The U.S. economic expansion will celebrate its seventh birthday next month, making it the fourth longest recovery since World War II. But it has also been the slowest, averaging modest annual growth of 2.1 percent.” (Martin Crutsinger, “US Economy Showing Signs Of Life After Slow Start To Year,” The Associated Press, 5/27/16)

“Substantially Less Money” Is The New American Reality Under The Clinton-Obama Regime

CBS News Headline: “America’s Quagmire: Stubborn Poverty And Slumping Income.” (Aimee Picchi, “America’s Quagmire: Stubborn Poverty And Slumping Income,” CBS, 9/16/15)

Middle-Income American Families “Make Substantially Less Money” In Inflation Adjusted Terms Than Years Ago And “There Is No Evidence That Is Reversing.” “A middle-income American family, in other words, makes substantially less money in inflation-adjusted terms than it did 15 years ago. And there is no evidence that is reversing.” (Neil Irwin, “Why Americans Still Think The Economy Is Terrible,” The New York Times, 9/16/15)

Stagnant Incomes “Were A Problem In 2013,” Have “Remained So In 2014” And Evidence “So Far Suggests Nothing About That Is Changing In 2015.” “Stagnant incomes were a problem in 2013. They remained so in 2014. The evidence we have so far suggests nothing about that is changing in 2015. That is the reality shaping the backdrop to the 2016 presidential campaign, the Federal Reserve’s interest rate debates and the dinnertime table conversations about the state of the economies in families across the United States.” (Neil Irwin, “Why Americans Still Think The Economy Is Terrible,” The New York Times, 9/16/15)

American Household Incomes “Lost Ground” Last Year, In A Sign The U.S. Economic Expansion “Has Not Led To Gains For Many Americans” Since The End Of The 2007-2009 Recession. “American household incomes lost ground last year and the poverty rate ticked up, the U.S. Census Bureau said on Wednesday, in a sign the U.S. economic expansion has not led to gains for many Americans five years after the 2007-2009 recession.” (Susan Heavey, “U.S. Household Incomes Slip, Poverty Rate Up Slightly In 2014,” Reuters, 9/16/15)

The Poverty Rate Has Increased By 1.6 Percentage Points Under Obama, From 13.2 Percent In 2008 To 14.8 Percent In 2014. (Census, Accessed 9/16/15)

The Impact Of Obama’s Economy Has Led To A Disappearing Middle-Class

The U.S. Middle-Class “Has Shrunk To The Point Where It No Longer Constitutes The Majority Of The Adult Population.” “The nation's middle class, long a pillar of the U.S. economy and foundation of the American dream, has shrunk to the point where it no longer constitutes the majority of the adult population, according to a new major study.” (Don Lee, “Middle-Class Families, Pillar Of The American Dream, Are No Longer In The Majority, Study Finds,” Los Angeles Times, 12/9/15)

Middle-Class Jobs, That “Provided A Stable Living For Those With Less Education,” Have “Been Replaced With Low-Wage Work.” “But middle-skilled jobs, which once provided a stable living for those with less education, have been replaced with low-wage work. Occupations at the growing bottom earn less than $32,000 on average. Only one-third have health insurance and only one-quarter have retirement benefits.” (Josh Zumbrun, “Post Recession Job Growth Coming In High-Wage Positions,”The Wall Street Journal, 8/17/15)

A Gallup Survey Found That Only 51 Percent Of U.S. Adults Identify As Middle-Class, Down From 63 Percent Of Those Polled In 2008. “A Gallup survey this spring showed that just 51% of U.S. adults considered themselves middle or upper middle class, with 48% saying they are part of the lower or working class. As recently as 2008, 63% of those polled by Gallup said they were middle class.” (Don Lee, “Middle-Class Families, Pillar Of The American Dream, Are No Longer In The Majority, Study Finds,” Los Angeles Times, 12/9/15)


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