Snap Fact #348 - Don’t Let Then Fool You. President Obama’s Economy is Improving Every Day, in Every Way – See It and Believe It!

Post date: Oct 20, 2012 3:34:16 PM

Snap Fact #348

Don’t Let Then Fool You. President Obama’s Economy is Improving Every Day, in Every Way – See It and Believe It!

If you have been paying attention to the financial news lately you will note that almost everything is going up and there is a reason for it. All of the programs that President Obama has put in place during his first term, all of the executive orders he’s signed, as well as the comparatively few bills he’s been able to push through Congress, all of those actions are starting to pay dividends now. Let’s examine the facts together; shall we? Almost everyone knows that the stock market has more than doubled during the Obama administration’s watch, but what about all the other segments of the market that the Republicans are saying are so bad? Look at the rise in Consumer Confidence, Real Estate, Auto Sales, Agricultural Profits and Employment. None of these things is happening in a vacuum, they are all happening as a result of the much maligned, but not widely understood, programs that the President has put in place in the last 3 ½ years. Here are several factual proofs of this financial pudding:

CONSUMER CONFIDENCE: “Consumer confidence rose in September, as renewed optimism about the job market gave the economic indicator a boost. The closely watched index, which measures how Americans feel about the economy, edged higher to 70.3 from an upwardly revised 61.3 in August.”

EMPLOYMENT: “WASHINGTON -- The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years and giving President Barack Obama a potential boost with the election a month away. The rate declined from 8.1 percent because the number of people who said they were employed soared by 873,000 - an encouraging sign for an economy that's been struggling to create enough jobs.”

AGRICULTURAL PRODUCTS: “U.S. agriculture is booming even as the broader economy struggles to recover from recession, with exports heading to a record and farmer profits near an all-time high.”

“Shipments of farm goods may reach $126.5 billion in the year that ends Sept. 30 as the U.S. makes up for drought-related wheat losses in Russia and sales to China jump 16 percent, the Department of Agriculture said yesterday in a report. Net-farm income will rise 31 percent to $81.6 billion this calendar year as crop prices climb and livestock sales increase, according to a separate USDA forecast.”

EXPORTS: “America is actually one of the top makers and exporters of stuff in the world. We do make things. Lots of things. And the rest of the world is eager to buy our things. Real exports have been booming lately and are now easily at an all-time high:”

Economists surveyed by CNNMoney believe that the housing market recovery is finally here.

HOUSING: “It's been a long time coming, but economists surveyed by CNNMoney believe the nation's housing market has finally turned the corner.”

HOUSING: “Stronger housing markets helped boost economic growth at the end of the summer in nearly every region of the United States, according to a Federal Reserve survey released Wednesday.”

U.S. car sales were at the highest level in more than four years in September.

AUTO SALES: “U.S. car buyers flooded showrooms in September, sending auto sales to their highest level in more than four years. Overall sales were up 13% from a year ago, according to sales tracker Autodata, which put the pace of sales at an annual rate of just under 15 million vehicles. That easily topped most forecasts and was even better than the spike in sales caused by the government's "Cash for Clunkers" program three years ago. The last time sales reached this level was February 2008”

Source: Bureau of Economic Analysis.

“One of the fastest-growing export categories is fuel products, as the U.S. increases domestic energy production for the first time in decades. The U.S. became a net exporter of finished fuel products last year for the first time since 1949.”

“And the fact that we're selling more goods is a good reminder that we're manufacturing more goods. Real U.S. manufacturing output will probably hit an all-time high this year, some 80% above 1960s levels.”

Now ask yourself; is this really the time we want to switch horses? We’re riding on a winner and the only way we’ll be thrown is if we believe the lies, myths, innuendo, and half-truths coming from the Republican candidates and their Super-Pac enablers.

…and that ain’t all – stay tuned to for more good stuff on the economy coming your way shortly.