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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
Its 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 Obamas reelection. Lets 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.
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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 Obamas control including weak international demand and OPECs 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%
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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.
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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
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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 doesnt mean there arent real, persistent problems with the U.S. economy. Most critically, wage growth for American workers remains stagnant. Thats why, although many economic indicators are strong, a lot of Americans arent yet feeling the impact.
Kath1
(4,309 posts)Total Fox News bullshit.
I am very happy to be starting 2015 with a President I can actually love and respect.
AgingAmerican
(12,958 posts)Andy823
(11,495 posts)We just can't trust those damned republican liars! Doom and gloom, fear and smear, it't the republican way.