It's Official: Treasury Department confirms President Obama has fully turned around the U.S. economy
President Obama’s seven year quest to salvage the U.S. economy from the damage done to it by his predecessor George W. Bush has been an overwhelming success, according to the United States Treasury Department. Obama took over as President at a time when the economy, stock market and banking system had collapsed and were on the verge of throwing the nation into a depression due to Bush’s failed policies. But Obama’s initiatives prevented that from happening, and now the Treasury says he’s fully turned the economy around.
Treasury Secretary Jack Lew has confirmed what economists and those familiar with economic policy have already known: the U.S. economy has been growing at a steady rate for several quarters, private sector job growth is consistently high, the unemployment rate has been reduced all the way down to the five percent level which economists view as ideal, and the stock market has grown tremendously. This all occurred even as President Obama reduced the annual federal deficit by seventy-two percent. But the Secretary says there are still challenges ahead.
Lew points to the inequality between the wealthy and the working class, and business tax loopholes, as areas of concern; Obama has tried to tackle both but has faced republican opposition. But he says Social Security is in far better shape than most Americans believe. The Hill has more from the Treasury Secretary.
Source: http://www.dailynewsbin.com/news/treasury-department-confirms-president-obama-has-fully-turned-around-the-u-s-economy/23369/
TL;DR? /pol/ BTFO. /pol/ was WRONG. Hillary Clinton is your NEXT SUCCESSFUL PRESIDENT!
Two words.
Economic cycle
>>73154814
All excuses not to tribute him what he's worth.
Downfalls can last 10 years or 10 centuries. They are unavoidable (cycle); but you can reduce their duration.
Read Asimov for fucks sake.
>>73154720
>Treasury Secretary Jack Lew has confirmed
Wow a Secretary on Obama's Cabinet has said his boss did a good job.
More fucking news at 11.
>changed the definition of unemployment
>>73154720
OBOMBA SAYS OBOMA CURED CANCER, POL/ BTFO
>>73154720
Thank the republican congress
>>73155018
This, saged.
>>73154720
Bravo Odumbo
>Obamas appointed cabinet releases statement about how great Obama has been for the economy
So it's nothing.
Less that 3% GDP growth for 7 years, more Americans out of work than ever before, wages stagnant, debt through the ceiling and climbing, median income falling, highest number of people on welfare. There's only so long you can float an economy on artificially low interest rates, debt, and inflation. He's creating a bubble that's going to last just long enough for him to escape the White House. Typically democrat.
>3.7 spent
>3.2 raised
500 billion spend more than raised
https://en.m.wikipedia.org/wiki/United_States_federal_budget
Jack Jew is truely a math major
>>73154720
Then why do all economic signs indicate that the US is heading into recession? Why does most information indicate that there has been no recovery?
The right wing doesn't know or care one singular fuck as to what the fuck it's doing or ever has done
>>73154720
>>73154814
>>73154948
>>73155018
>>73155129
>>73155225
>>73155229
>>73155278
>>73155291
>>73155297
>>73155408
No one is being paid to shill for Hillary by the way. It's a Republican-funded lie and a pathetic attempt to smear her campaign.
>>73154720
>Treasury Jack Lew
That's the same jew who wanted to put some irrelevant nigger on the 20. This guy has a hard on for blacks.
>>73154720
>This blatant lie
>>73154814
This guy.
The American economic Crash wasn't bush's fault but instead one of the American banks and subprime credits.
After this Fall it couldn't go any lower.
So gee, what a miracle it got better.
>>73155556
wrong thread Pedro
>>73155556
Fix your bridges, clean your water, and try not to get shot
>>73155727
He's posting it in every thread
>>73155556
no shekels for this post eh, Schlomo?
>>73155792
hah! they are using bots now
>>73155558
>Jack Lew
>Jacew
>Jew
>>73154720
>>73154720
How much of the $1mm in shillarybucks did she pay you?
http://sys.4chan.org/derefer?url=http%3A%2F%2Fwww.businessinsider.com%2Fclinton-pac-spends-1-million-to-correct-people-online-2016-4
>>73155670
Bush and clintons policy did make 2008 really bad, due to allowing a commerial and investment bank to be the same.
>>73154720
Wow, and it only took him 7 years
>>73154948
Holy shit someone else who actually read Foundation!
>>73156250
>>73154948
Still haven't got around to reading the foundation series.
Poo in Lew.
