Economy Is Better Despite Republican Efforts to Make America Fail

It started the day Barrack Obama was elected President and before he actually took office.

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“…reporting on the Republican plot to obstruct President Obama before he even took office, including secret meetings led by House GOP whip Eric Cantor (in December 2008) and Senate minority leader Mitch McConnell (in early January 2009) in which they laid out their daring (though cynical and political) no-honeymoon strategy of all-out resistance to a popular President-elect during an economic emergency. “If he was for it,” former Ohio Senator George Voinovich explained, “we had to be against it.” [1]

That’s right, the Republicans plan to win in the future was to make President Obama fail, and to do this they had to make America fail as well. Thus began the expansion of the “do very little Congress” into the “do nothing Congress”. Republicans would need a major collapse during President Obama’s tenure to prove their ideology of smaller government, full-bore capitalism without regulations, tax cuts for the rich and big business, austerity measures, and ignoring science is the best direction for America.

Source:  Maddow Blog

Source: Maddow Blog

While shamelessly ignoring the real concerns and needs of the American people, the Republicans continued with their eagle-eye focus on their seditious political maneuvering and shenanigans, like shutting down the government and endless votes on repealing the Affordable Care Act. Anything, except passing legislation that might have a positive impact on the economy, jobs, income inequality, health care, education, immigration, middle class, repealing tax cuts for the 1% and big corporations, climate control and much, much more.

Fortunately, President Obama continued to fight for common-sense action that would positively impact the middle class and America’s economy. The following good news graphs attest to President Obama’s and the Democratic-led Senate’s positive actions.

Job Growth

Source: Steve Benen, Maddow Blog

While this is good news, despite six years of all-out-resistance by the Republicans, it’s not all that we need. Jobs are up and unemployment is down, but we need good-paying jobs.

US Domestic Growth by Steve Benen-Maddow Blog

Source: Steve Benen, Maddow Blog

The U.S. Gross Domestic Product (GDP) is starting to gain strength again. The GDP is one of the primary indicators used to gauge the health of a country’s economy. It represents the total dollar value of all goods and services produced over a specific time period – you can think of it as the size of the economy. Of course, one of the key components of GDP is productivity. Productivity is off the charts for businesses, but wages have remained stagnated.

Dow Graph

Source: Huffington Post

The Dow Jones Industrial Average is another indicator of economic health. The DOW recently closed above 18,000 for the FIRST TIME EVER – despite six years of doom-and-gloom proselytizing by the Republicans. It appears that confidence in our economy is definitely looking up — despite the Republican’s tanking of the economy by constantly playing brinksmanship on raising the debt ceiling.

Indeed, this is good economic news – for all. There is a slogan that says “A rising tide lifts all the boats”. In reference to the economy, this means that an improving economy will benefit all participants in the economy, not just some.

Yes, it has taken longer than President Obama expected. But what if the Republicans and the “do nothing Congress” had actually worked with the President over the course of the last six years. All this good news probably could have started many years ago.

However, despite all the efforts by Republicans to make President Obama, and America, fail; the economy is better.

And true to form, the Republicans take the credit…

mcconnell smallMitch McConnell on Wednesday, January 7th, 2015 in a Senate floor speech:

After so many years of sluggish growth, we’re finally starting to see some economic data that can provide a glimmer of hope,” McConnell said. “The uptick appears to coincide with the biggest political change of the Obama administration’s long tenure in Washington: the expectation of a new Republican Congress.”