Newsletter

The Truth About The Obama Economy – It’s Not the Legacy He Hoped For

With the out of control PR that we see in politics it's sometimes hard to separate the truth from the noise, and this is certainly the case when it comes to the truth about the economy. Determining whether or not we have seen an e ...

Posted On September 20, 20135 MIN Read
Share:
vra-default-img

With the out of control PR that we see in politics it's sometimes hard to separate the truth from the noise, and this is certainly the case when it comes to the truth about the economy. Determining whether or not we have seen an economic recovery (and how strong) under the Obama Presidency often depends on which side you see on TV, so instead, let's break down the cold hard facts...based in real numbers...and find out how our 44th President has done, economically speaking.

The following research comes from market strategist Michael Snyder, writing at Economic Collapse Blog.

Compared to when he first took office, a smaller percentage of the working age population is employed, the quality of our jobs has declined substantially and the middle class has been absolutely shredded.  If we are really in the middle of an "economic recovery", why is the homeownership rate the lowest that it has been in 18 years?  Why has the number of Americans on food stamps increased by nearly 50 percent w...

Continue reading your article and start your free 14-day trial with VRA.

Start Free Trial

Already have an account? Sign in.

Related Post

July 12, 2024
VRA Letter: Quick Hitters Round Two.

Good Friday morning. VRA Quick Hitters. 1) Right on cue: textbook rotational, broadening action into value and mid/small caps with extreme overbought readings in growth (as they pause, only) with another day of excellent internals. This is the exact broadening action we’ve been forecasting.  The Dow just hit ATH. Now we have just one index that’s yet to […]

July 12, 2024
VRA Letter: Friday Quick Hitters

Good Friday morning all, It has been an eventful end to the week. We are working on a few new write-ups right now, so this morning we have our VRA quick hitters. I'll have another update out later in the day. 1.) This morning we got another look at inflation with the Producers Price Index (PPI), […]

July 11, 2024
VRA Letter: VRA 8PM EST Zoom With X1. 10 PM EST Interview with WAR. June CPI; Disinflation Continues to Build. The Roaring 2020’s & Innovation

Good Thursday morning. Heads up:  1) Tonight we have a VRA Members Only Zoom with Xtract One Tech (XTRAF) CEO Peter Evans at 8PM EST. Please send your questions for Peter asap. You’ll want to be on this Zoom. X1 is a VRA 10-bagger nearing a hyper-growth phase. Here’s your Zoom link: https://us06web.zoom.us/j/81273879495?pwd=czu1AYKBGa9AoZFttfTDlw6OoOxZ3r.1 2) Tonight at 10 […]

July 10, 2024
VRA Letter: Long and Strong; Generals Leading. Restrictive Fed, Rate Cuts Nearing. Miners Flashing Buy Signals. X1 Zoom. Tesla Goes Parabolic.

Good Wednesday morning. Our power and cell service were restored last night, but 1.5 million remain without power in the Houston area. Thanks very much to everyone that reached out with your concerns. Houston, a once long-term conservative city, has been run by Dems for more than a decade. Same with Centerpoint Energy, whose top […]

July 09, 2024
VRA Letter: Hurricane Beryl.

Good Tuesday morning. 2 million are still without power in the Houston area and we’re in that group. This was a low-wind hurricane but not only is power out most everywhere but cell service with it. I’m writing this from our local HEB (grocery store). They are telling us we “may” be back up tomorrow. […]