The Democratic Convention is is full swing lots of hope, promise and blame. Are we better off that we were a few years ago, Pre-Obama? We hit on the important data points. Plus some stock ideas and lots more
Some data points to consider:
- F/T Employed then: 117 million, employed now 114 million
- U6 Unemployment rate then: 14% – now 15%
- Real wages up 0%
- National Debt then: 10.6 trillion, now 16 trillion
- Average price of gas then: $1.88, now $4.00
- SPX then 950, now 1,400
- Total GDP then 12,846 now 13,546 (billion)
- Total Gvt Spending then 2,908 now 3,052 (billion)
- FED balance sheet 2 trillion plus now from under 200 billion
- Income for Black households fell 11.5% during Obama’s Presidency vs 5.2% for white households
