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These Are The 9 Zero Hedge Charts Showing "Obama's Recovery" That Angered The Washington Post

  

Category:  News & Politics

Via:  community  •  7 years ago  •  22 comments

These Are The 9 Zero Hedge Charts Showing "Obama's Recovery" That Angered The Washington Post

As regular readers know, one of our favorite chartpacks to show "Obama's recovery" is the one below, presented most recently just two days ago during Obama's now almost weekly televised sermon of how the economy is great and anyone who disagrees is "peddling fiction", which using simple Bloomerg data, summarize recent changes in key economic indicators including soaring federal debt and government dependency via food stamp use, surging healthcare costs and social inequality, plunging homeownership, income, and labor force participation, and - of course - driving it all, none of the president's or Congress' actions, but the Fed's balance sheet, something even major banks admit is better known as "printing money" - money that ends up blowing one after another asset bubble unable to finds its way into the broader economy - a stigma that is now gone in a world in which helicopter money is seriously considered by lunatics in power.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/05/31/20160301_obama_1.jpg

 

To be sure, the charts do not in any way imply that Obama started any of these disastrous trends (with a few exceptions); they do however make it very clear that more than 7 years under president Obama, these same trends have not changed.

This means that while Obama may have inherited a bad economy, contrary to the endless propaganda, the economy has only gotten worse. One needs only to go on a very short drive through any of the neighborhoods of Obama's native Chicago to get a clear realization of this sad fact (while wearing a bulletproof vest).

Then yesterday, we were pleasantly surprised to see that none other than Donald Trump used this very chart set to demonstrate a point, namely that " Obama's legacy is an absolute disaster", something we doubt many would disagree with.

However, one entity that would naturally be offended by nice simple charts which factually expose the failure behind both the propaganda and Obama's attempt to jump start the economy, was Jeff Bezos' Washington Post, an outlet which has had a long-running vendetta with Donald Trump, and, apparently, the facts.

We were beyond amused when the WaPo's decided to " fact check " these charts which are, well, based on facts sourced by the very government the WaPo so strenuously defends.

The purchased by Jeff Bezos website writes that " we have generally learned that there's not much utility in fact-checking every tweet that springs to life from the imagination of Donald Trump or which receives his blessing via retweet. Tweets containing factual errors are not as plentiful as those containing exclamation points or disparagement, but they aren't exactly rare. But on Thursday evening, Trump retweeted this one, and we -- well, I -- couldn't let it stand. "

As author Philip Bump, who apparently has never encountered a Bloomberg terminal before, says, "t here are nine little graphs embedded in there, with hard-to-read axes and unclear provenance for the numbers, all of which are meant to bolster one argument: Barack Obama's presidency has been bad ."

Well, Philip, you can interpret the "bolstering" in any way you want, what you can't however interpret are the facts - which is what those charts show. Of course, everyone can make up their own conclusion about what the ongoing economic deterioration means: one can even say that almost 8 years later, it is still "Bush's fault."

Alas, we were naive to assume that the WaPo can't "fact-check" charts based on facts. Because that is precisely what they did. And in doing so it provided much amusement. Case in point, the author's "analysis" of the Fed's money printing by way of proxy of its balance sheet, something this "fact-checker" apparently couldn't figure out. Instead, he said the following.

 

 

Money printing

 

This one is probably my favorite. I'm not going to get into the politics of the printing of money and why certain quarters object to the practice. Instead, I'm going to try to figure out what the 4 million figures on the vertical axis indicate -- and what the numbers along the bottom are.

 more here http://www.zerohedge.com/news/2016-06-03/these-are-9-zero-hedge-charts-showing-obamas-recovery-angered-washington-post

 

 

 


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96WS6
Junior Quiet
link   seeder  96WS6    7 years ago

This is a "recovery"?  BO's true legacy.

 
 
 
PJ
Masters Quiet
link   PJ  replied to  96WS6   7 years ago

So What.  What are YOU and the REPUBLICANS going to do?

 
 
 
sixpick
Professor Quiet
link   sixpick    7 years ago

20160301_obama_0.jpg

 

 
 
 
96WS6
Junior Quiet
link   seeder  96WS6  replied to  sixpick   7 years ago

Thanks six

 
 
 
Sean Treacy
Professor Principal
link   Sean Treacy    7 years ago

Paint a bleak picture. 

 
 
 
Krishna
Professor Expert
link   Krishna    7 years ago

Barack Obama  ( born August 4, 1961) is an American politician who served as the  44th   President of the United States   from 2009 to 2017

So how'd we do from 2009 on?

Here's a chart of the S & P (all those other charts are horseshit!!!)

Check out the chart that matters and decide for yourself- - its HERE )

 
 
 
Krishna
Professor Expert
link   Krishna  replied to  Krishna   7 years ago

Barack Obama  ( born August 4, 1961) is an American politician who served as the  44th   President of the United States   from 2009 to 2017

So how'd we do from 2009 on?

Here's a chart of the S & P (all those other charts are horseshit!!!)

Check out the chart that matters   and decide for yourself- -  its  HERE )  

Incidentally, that's a very cool chart at that link. its interactive-- by placing your mouse pointer anywhere on the line, you can see the exact date at that point (as well as the actual value Of the S&P at tat exact point . . .

(Notice when the market started to improve . . .Wink )

 
 
 
96WS6
Junior Quiet
link   seeder  96WS6  replied to  Krishna   7 years ago

These charts go to 2014 and the S&P500 chart you offer compares to these 9 how?

 
 
 
XXJefferson51
Senior Guide
link   XXJefferson51  replied to  Krishna   7 years ago

The worst economic recovery of all time.  

 
 
 
Old Hermit
Sophomore Silent
link   Old Hermit  replied to  XXJefferson51   7 years ago

The worst economic recovery of all time. 

 

Meanwhile, In real time and real world, from 2009 thru 2016 America's recovery was the best in the world.

 

 

Seven years after the financial crisis, the United States is making a comeback. T he US economic recovery, while modest by historical standards, has been one of the strongest in the OECD , thanks to robust monetary policy support and an early fiscal expansion.

Many private-sector jobs have been created, pushing unemployment down to its pre-crisis level, thereby providing consumers with higher income and improving their confidence. Further economic growth at a pace near 2% a year is likely in the short term, while a new recession is a low-probability prospect in the current environment. But a number of long-term challenges remain unresolved. In particular, the slowdown of productivity growth already apparent since the mid-2000s has continued in recent years.

Faster productivity growth – supported by well-designed investments in innovation, infrastructure, skills and inclusiveness – would help to address future challenges such as rising income inequality, population ageing and fiscal sustainability.

 

 

 

I swear, Obama and the mostly D congress jumped straight up 20 feet to get the Country out of the recession and all they hear from the R's is, "Well you didn't jump 30 feet high, so...so....ah FAIL! ".

Idiots.

 

 
 
 
Randy
Sophomore Participates
link   Randy  replied to  Old Hermit   7 years ago

Idiots.

That's the word I was looking for!

 
 
 
PJ
Masters Quiet
link   PJ  replied to  XXJefferson51   7 years ago

Okay......So What.  What are YOU and the REPUBLICANS going to do?

 
 
 
Kavika
Professor Principal
link   Kavika     7 years ago

Article after article being posted on NT about how bad Obama was during his tenure....Now that the republicans have control of all three branches you would think that they would be singing the praises of Trump and the republicans congress and all of their accomplishments.

What we get instead is how bad Obama was...

The perfect example is the cluster f.... that is going on with the republican six year in the making of the perfect health care plan...So far they have fallen flat on their faces with that.

Their is supposed to be a take it or leave it vote on it today...You'll backed your self into a corner republicans. If it passes in the house it will mean that millions will lose their health care, and than it will head to the senate where passage is shaky at best.

You are going to feel the blow back at the ballot box, boys.

The signature piece of legislation for republicans was repealing the ACA...What they have done to date is created a mess that shows that their six years of complaining about the ACA resulted in having no plan themselves.

The ball is in your count republicans, you control all three branches...

As the Cable Guy would say, Get'er done.

 

 

 

 
 

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