I did not ever and never would claim that I am "the only person who understands economics." Many people understand economics. And those that do don't hang around saying simple-minded things like "its all Obama's fault."<quoted text>
You can try to explain away Obama's overspending -- and pretend you are the only person who understands economics
Here is a snapshot, btw, of many major economic indicators from '08 to '12: http://money.cnn.com/galleries/2012/news/econ...
It is called "Obama's Economy" by those who made it. But that it not what I will call it. I will not attribute the movement of economic indicators to a president - because the president is not in charge of the economy. He doesn't get to "run" it. But, in any case, there is no "disaster story" to be told there. You could say - oh, well growth in such and such should be faster and this should be lower etc. But there is no disaster story.
If you'd like to dismiss it b/c its from CNN's website, that's fine. Just go out and collect the data for the graphs yourself. The data are just the data whether CNN puts it together or not so you'll get the same picture.
And I find it absurd that you complain about Obama's overspending - when this is a thread about corporate downsizing that is very closely related to reducing government spending.
I am not a big fan of Obama or the size of the federal budget or the deficit. I am offended by people who are so lazy as to leave their analysis of the state of the economy - at any moment - to the actions of the US president. The 70s sucked. It wasn't Carter's fault. The 80s were good after a while. It wasn't Reagan's doing. The 90s also got good after a while, and that wasn't Clinton's doing. etc. etc. The widespread belief that the state is in charge of the state of the economy is a big protection racket for corporate capitalism. It keeps us mad at "gubmint" instead of taking a long hard look at the realities of global corporate capitalism.
Personally - I wish we had a true market economy - without corporations. At that moment I would become the staunchest libertarian you've ever met. So get off the notion that anything I've said here is some "liberal" defense of Obama.