As noted in the Wall Street Journal, "Even seven years after the recession ended ... in terms of average annual growth, the pace of this expansion has been by far the weakest of any since 1949." The economy has grown at an annual rate of only 2.1 percent since the recession ended in June 2009, compared with annual growth of 4.3 percent during the economic expansion from 1982 to 1990.
So what does this mean for Hillary Clinton? Let's remember, economic circumstances produce political consequences.
Notwithstanding all the happy talk about the economy from the Democrats, Gallup found that 60 percent of Americans think economic conditions in this country are "Getting worse." That's 60 percent of people who will be resistant to Clinton's economic plans.
The typical American might not be able to quote statistics about how if the labor force participation rate were the same today as it was when Obama took office, the unemployment rate would be 9.2 percent instead of 4.9 percent or rattle off statistics about the decline in median household income under President Obama, but they can tell you firsthand about small businesses that have closed in their communities, friends who can't find work, and their own financial struggles.
Clinton was forced to embrace all things Obama to win the Democratic nomination, so she is stuck with his economy.
Trump isn't letting the bad economy take hold of the 2016 election and make him the favorite.
If the state of the economy controls the outcome of the election, Clinton could have a big problem on her hands.
https://www.washingtonpost.com/blogs/post-partisan/wp/2016/08/02/the-obama-economy-is-trouble-for-hillary-clinton/?noredirect=on&utm_term=.97f9a899c740
So what does this mean for Hillary Clinton? Let's remember, economic circumstances produce political consequences.
Notwithstanding all the happy talk about the economy from the Democrats, Gallup found that 60 percent of Americans think economic conditions in this country are "Getting worse." That's 60 percent of people who will be resistant to Clinton's economic plans.
The typical American might not be able to quote statistics about how if the labor force participation rate were the same today as it was when Obama took office, the unemployment rate would be 9.2 percent instead of 4.9 percent or rattle off statistics about the decline in median household income under President Obama, but they can tell you firsthand about small businesses that have closed in their communities, friends who can't find work, and their own financial struggles.
Clinton was forced to embrace all things Obama to win the Democratic nomination, so she is stuck with his economy.
Trump isn't letting the bad economy take hold of the 2016 election and make him the favorite.
If the state of the economy controls the outcome of the election, Clinton could have a big problem on her hands.
https://www.washingtonpost.com/blogs/post-partisan/wp/2016/08/02/the-obama-economy-is-trouble-for-hillary-clinton/?noredirect=on&utm_term=.97f9a899c740
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