Sunday, January 1, 2017

Republican Doom & Gloom predictions about Obama Economy Wrong. Now in Charge with all new predictions, will they succeed!!?

On the major issues facing our country, Republicans were flat out wrong in their now wacky predictions of doom and gloom. But those predictions did sour the public on Obama and the progress he made restoring the economy. It also got Trump elected.

Now these same geniuses are in charge, again predicting a Republican utopia of plentiful jobs, energy, cheaper and better health care, and world wide peace through brother Russia.

Suckers. Think Progress made a list of what now read like Onion stories:
1. Gas was supposed to cost $6.60 per gallon.In March 2012, on the floor of the United States Senate, Mike Lee (R-UT) predicted that if Obama was reelected gas would cost $6.60 per by the end of Obama’s second term. Newt Gingrich, running for the GOP nomination, predicted that if Obama was reelected he would push gas to “$10 a gallon.” Gingrich said he would reduce gas prices dramatically by reversing Obama’s energy policies. Lee, Gingrich and others criticized — the rejection of Keystone XL pipeline, more EPA regulation and limiting drilling on public land — have not gotten in the way of historically low prices. 

2. Unemployment was supposed to be stuck at over 8%: In September 2012, Mitt Romney predicted that if Obama is reelected “you’re going to see chronic high unemployment continue four years or longer.” Romney pledged that, if elected, he could bring the unemployment rate down to 6% by January 2017. The unemployment rate currently stands at 4.6% and has been under 6% since September 2014.

3. The stock market was supposed to crash: Immediately after Obama won reelection in November 2012, many commenters, including Donald Trump, predicted that the stock market was toast. The Dow Jones Industrial Average currently stands at 19,762.60 and is up over 46% since Obama was reelected

4. The entire U.S. economy was supposed to collapse: Rush Limbaugh predicted that
the country’s economy is going to collapse if Obama is re-elected.” Limbaugh was confident in his prediction: “There’s no if about this. And it’s gonna be ugly. It’s gonna be gut wrenching, but it will happen.” The economic free-fall would begin, according to Limbaugh, because “California is going to declare bankruptcy” and Obama would force states like Texas to “bail them out.” California currently has a $2.8 billion budget surplus. Limbaugh added, “I know mathematics, and I know economics. I know history. I know socialism, statism, Marxism, I know where it goes. I know what happens at the end of it.” Limbaugh said the economic apocalypse could take “a year and a half, two years, three years.” It’s been four years and two months since Limbaugh’s prediction. The U.S. economy grew at a robust 3.5% in the 3rd quarter of 2016.

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