On June 8, 2012, Henry Blodget, CEO and Editor-In-Chief of Business Insider presents a chart that shows the unemployment rate projected by the incoming Obama administration as compared to the actual unemployment rate over the past four years–which has been far higher than even the nightmare-scenario projection.
“Before Obama took office, the economy was in freefall, obliterated by reckless tax cuts, massive consumer debts, and regulation-be-damned culture of the Republican Bush administration.
“As the attached charts show, the moment Obama arrived and implemented his stimulus, the economy began to improve. And it has gotten much, much better in the past four years.”
Mike Norman, Chief Economist of John Thomas Financial, has built a chartbook that shows 21 major market and economic indicators before and after President Obama was elected.
