HERES ONE:...He is bad for business. Since Obama is a socialist (see above) he therefore wants to nationalize all services and squash out capitalism. Based on numbers alone, such accusations are false. While Obama has been famous for fighting for the 99 percent, he has been good for one-percenters too. In nearly 85 years of existence, Standard & Poors 500-stock index has only doubled for five presidents. In May, Obama joined names like Franklin D. Roosevelt and Ronald Reagan when that index officially doubled from where it stood when he took office 58 months prior. In fact, the U.S. has outperformed the next nine largest economies of the world on these indexes since 2009. The President has also worked hard for small businesses, which make up over 90 percent of American companies, by enacting 18 tax cuts and addressed access to capital to the tune of $93 billion in lending through the Small Business Administration. Critics may say that Obama had really nowhere to go but up, given the economy he inherited, and there is some truth in that statement. Still - the road to economic recovery has not been easy and President Obama has shown his business savvy over the past four and a half years.
Posted on: Tue, 24 Jun 2014 00:04:16 +0000
Trending Topics
Recently Viewed Topics
© 2015