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Thursday, November 17, 2016

11 Very Depressing Economic Realities That Donald Trump Will Inherit From Barack Obama

It would be a grave mistake to understate the amount of damage that has been done to the U.S. economy over the past eight years. In this article, I am going to share some economic numbers with you that are extremely sobering. Anyone that takes a cold, hard, honest look at the numbers should be able to see that our economy is in terrible shape. Unfortunately, the way that we see things is often clouded by our political views. Up until the election, Democrats were far more likely then Republicans to believe that the economy was improving, but now that is in the process of completely reversing. According toGallup, only 16 percent of Republicans believed that the economy was getting better before the election, but that number has suddenly jumped to 49 percent after Trump’s election victory. And the percentage of Democrats that believe that the economy is getting better fell from 61 percent to 46 percent after the election. Here are some additional details from Gallup

After Trump won last week’s election, Republicans and Republican-leaning independents now have a much more optimistic view of the U.S. economy’s outlook than they did before the election. Just 16% of Republicans said the economy was getting better in the week before the election, while 81% said it was getting worse. Since the election, 49% say it is getting better and 44% worse.

Conversely, Democrats and Democratic-leaning independents’ confidence in the economy plummeted after the election. Before the election, 61% of Democrats said the economy was getting better and 35% worse. Now, Democrats are evenly divided, with 46% saying it is getting better and 47% saying it is getting worse.

The truth, of course, is that the result of the election did not somehow magically alter the outlook for the U.S. economy.

We still have a giant mess on our hands, and the following are 11 very depressing economic realities that Donald Trump will inherit from Barack Obama…

#1 Nearly 7 out of every 10 Americans have less than $1,000 in savings. That means that about two-thirds of the country is essentially living paycheck to paycheck at this moment.

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4 comments:

Anonymous said...

Thank the Democrats for us living paycheck to paycheck
Keep them out of power America
How about give the Middle Class a Bailout this time round

Last time the Rich companys and Banks got it all when Obama
got elected...

Good thing Hillary LOST or we would be driven down to Poor
even more..... people are Living On the Edge Now...

Anonymous said...

If anyone can give this country hope for a better future, Trump can.

Anonymous said...

Isn't it funny that Zero Hedge is one of the web sites that have recently been demonized by the purveyors of "Trump is a racist liar" as posting "fake news"--you know, stories that don't say "amen" to rigged unemployment statistics and other fantasyland claims of the Obama-shills that "Happy days are here again"

Anonymous said...

What did Obama inherit from Bush?