- July 14, 2016
- No Comment
- 138
The U.S Economy doubled during the time period of Barak Obama as the U.S President
There are a number of statements about achievements and failures of politicians have been circulating during the current year on most of the social media websites. Some of the statements were specific to the U.S President Barak Obama for his economic achievements during his time period as the U.S President. Most of the statements about Barak Obama are true and most of the accuracy-wise items are beneficial with adding a little more context. One of the statements was about heavy job growth in manufacturing since 90s. It is correct that Barak Obama controlled over the huge outburst of manufacturing job increase since 90s. The graph of U.S Bureau of Labor Statistics has shown a significant decrease for the six year time period 2010-2016.
But, the graph indicated the largest and sustainable increase of jobs in manufacturing since 1998; at least 800 thousands were added in this period of time. The Auto Industry has shown breaking sales records and the statistics arranged by Autodata. These statistics indicated that the U.S car sales have shown a comprehensive increase every year since 2009. The all-time sales record mentioned that at least 17.47 million vehicles were sold in the year 2015. The Stock Market also boosted, the statistics of August 2015 indicated that the S&P 500 was raised at 220 percent, Dow John was raised 185 percent and Nasdaq was up 313 percent compared to stats of 2009. The Clean energy production has doubled during the time period of Barak Obama in his office.