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babylonsister

(171,070 posts)
Thu Jan 1, 2015, 12:16 PM Jan 2015

4 Terrible Things That Were Supposed To Happen By 2015 Because Obama Was Reelected

There must be a lot of disappointed people out there.

http://thinkprogress.org/economy/2015/01/01/3607416/4-things-2015-obama-reelected/

4 Terrible Things That Were Supposed To Happen By 2015 Because Obama Was Reelected

by Judd Legum
Posted on January 1, 2015 at 9:43 am Updated: January 1, 2015 at 10:57 am



CREDIT: Shutterstock


It’s now 2015, nearly two years after Obama took the oath of office for the second time. A few years ago, prognosticators were very confident about what would happen to America by now because of Obama’s reelection. Let’s check in and see how their predictions turned out:

1. Gas was supposed to cost $5.45 per gallon.

In March 2012, on the floor of the United States Senate, Mike Lee (R-UT) predicted that if Obama was reelected gas would cost $5.45 per gallon by the start 2015. Lee said that gas prices would rise 5 cents for every month Obama was in office, ultimately reaching $6.60 per gallon.

snip//

Today, the nationwide average for a gallon of gas is $2.24.

A lot of the reasons for the decline in gas prices are well beyond Obama’s control — including weak international demand and OPEC’s failure to reduce supply. But the policies that Lee, Gingrich and others criticized — the failure to approve the Keystone XL pipeline, more EPA regulation and limiting drilling on public land — have not gotten in the way of historically low prices.

2. Unemployment was supposed to be stuck at over 8%

snip//

The unemployment rate currently stands at 5.8% and has been under 6% since September 2014. Since January 2013, the economy has created nearly 5 million new jobs.

3. The stock market was supposed to crash

Immediately after Obama won reelection in November 2012, many commenters predicted that the stock market was toast.

snip//

The Dow Jones Industrial Average currently stands at 17,823 and is up over 35% since Obama was reelected.

4. The entire U.S. economy was supposed to collapse

snip//

The U.S. economy grew at a robust 5% in the 3rd quarter of 2014, following 4.6% growth in the second quarter.

Although these dire economic predictions have proven false, it doesn’t mean there aren’t real, persistent problems with the U.S. economy. Most critically, wage growth for American workers remains stagnant. That’s why, although many economic indicators are strong, a lot of Americans aren’t yet feeling the impact.

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4 Terrible Things That Were Supposed To Happen By 2015 Because Obama Was Reelected (Original Post) babylonsister Jan 2015 OP
Love it! Kath1 Jan 2015 #1
The collapse of 2016 AgingAmerican Jan 2015 #2
It just goes to show Andy823 Jan 2015 #3

Kath1

(4,309 posts)
1. Love it!
Thu Jan 1, 2015, 01:29 PM
Jan 2015

Total Fox News bullshit.

I am very happy to be starting 2015 with a President I can actually love and respect.

Andy823

(11,495 posts)
3. It just goes to show
Thu Jan 1, 2015, 02:18 PM
Jan 2015

We just can't trust those damned republican liars! Doom and gloom, fear and smear, it't the republican way.

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