Wednesday, July 20, 2016

AMERICAN ECONOMY - THE GREAT RECOVERY II

There are some great publications concerning the current recovery and other presidents.  I'll just give a few things here to encourage you to look at the whole thing.

Today, some eight years after the worst financial crisis since the Great Depression, the nation's job market has put millions of Americans back to work. But voters remain uneasy about both the size of their paychecks and the prospects of holding onto their jobs.*

(Click on figure to enlarge)

With six months left before Obama leaves office, the overall economy continues to expand — slowly. As of the first quarter of this year, the U.S. economy is nearly 15 percent bigger than when the president took office in 2008, adjusted for inflation. 
That gain is slightly less than his predecessor, George W. Bush, and roughly half the GDP gain in percentage terms during the Reagan administration.**

(Click on figure to enlarge)

The biggest expansion of GDP came under Clinton, who presided over the 1990s boom; when he left office in 2000, the economy was nearly 35 percent bigger than when he moved into the White House in 1993.**


Please remember that the Obama administration has six months yet to go.

* http://www.cnbc.com/2016/07/18/obamas-record-on-jobs-versus-five-other-presidents.html
** http://www.cnbc.com/2016/07/15/grading-the-obama-economy-by-the-numbers.html

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