Photo: Mike Norman Economics
Last week, we printed the chart that will get Obama fired.That chart shows the unemployment rate projected by the incoming Obama administration as compared to the actual unemployment rate over the past four years–which has been far higher than even the nightmare-scenario projection.
The Republicans will no doubt use that chart to hammer Obama for not delivering what he promised.
And the Republicans will certainly be right that unemployment is still way too high.
But Obama has a good economic story to tell, too.
Before Obama took office, the economy was in freefall, obliterated by reckless tax cuts, massive consumer debts, and regulation-be-damned culture of the Republican Bush administration.
As the attached charts show, the moment Obama arrived and implemented his stimulus, the economy began to improve. And it has gotten much, much better in the past four years.
Mike Norman, Chief Economist of John Thomas Financial, has built a chartbook that shows 21 major market and economic indicators before and after President Obama was elected.
Obama rolled out his stimulus just after taking office. And as these charts clearly show, it worked.
NOTE: Thanks to Mike Norman for allowing us to feature his chartbook.
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