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home : opinions : letters May 24, 2016

2/7/2012 1:01:00 PM
Letter: The Worst in History?


Many folks in the media and folks who write into the Verde Independent target President Obama for “destroying America” or “killing jobs” or for being “bad for business”. The most outlandish statement about him so far is: “Obama is hands down the worst president in history!” Well folks, it’s time to turn off the media and review some facts. Here are a few facts that anyone may easily review at their leisure.

In 2000, at the conclusion of the Clinton administration the Dow Jones Industrial Average (DOW), was hovering at around 11,000 and America was running a budget surplus. (The DOW is a moving average that is used as an indicator of the accumulated confidence of investors and corporate leaders in America’s economy at any point in time.)

Then George Bush took office in January of 2001. After seven years of tax cutting, deregulation, and unbudgeted war, investors and corporate leaders suddenly lost confidence in the bubble economy that had emerged. The devastating destruction to our economy began in October of 2008. By the time Mr. Bush left office (three months later), the DOW had fallen to 7000.

That loss of confidence represented a 36 percent decline in business investment in public markets during the Bush administration tenure. As we are painfully aware now, that was not good for business, or anyone else.

Mr. Obama took office in January of 2009. Since then, the DOW has risen 83 percent to: 12,850. This tremendous recovery in investor and corporate confidence has coincided exactly with the Obama presidency. Why has investor confidence been so restored; and why is unemployment decreasing even as government jobs are being eliminated?

What investors and business leaders are telling us with their actions is that America is alive and well; that the President is not killing jobs; and surprisingly, the Obama administration is actually good for business. And these facts clearly indicate that someone else deserves the dubious distinction: “Hands down the worst President in history.”

Peter Nelson


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Reader Comments

Posted: Saturday, February 11, 2012
Article comment by: Al Bundy

Why is it the only defense small minded people come up with to defend Obama is the race card? Probably because that is the only excuse you can think of. I could care less what color Obama is. I get my facts from what I see everyday. Not from some news anchor who I choose to believe because he reenforces my own opinion. I was not born yesterday I just choose to live in reality and not a fantasy world.

Posted: Saturday, February 11, 2012
Article comment by: John McMillian

The only disaster is a 2 party system that are both socialists and facists. There is no real fundamental difference between the two. They take money that doesn't belong to them and gives it to people whom don't deserve it. Both parties. Just fill in the appropriate "people".

Posted: Friday, February 10, 2012
Article comment by: In The Top 5

The statements below were all made in speaches by President Obama. They are not only stupid but some are simply wrong.

1) "Let me be absolutely clear. Israel is a strong
friend of Israel "
2) "I've now been in 57 states I think one left to go."
3) "On this Memorial Day, as our nation honors its unbroken line
of fallen heroes, and I see many of them in the audience here
4) "What they'll say is, 'Well it costs too much money,' but you
know what? It would cost, about. It it would cost about the same
as what we would spend. It. Over the course of 10 years it would
cost what it would costs us. (nervous laugh) All right. Okay.
We're going to do it. It would cost us about the same as it would
cost for about hold on one second. I can't hear myself. But I'm
glad you're fired up, though. I'm glad."
5) "The reforms we seek would bring greater competition, choice,
savings and inefficiencies to our health care system."
(6) "I bowled a 129. It's like - it was like the Special Olympics,
or something."
7) "Of the many responsibilities granted to a president by our
Constitution, few are more serious or more consequential than
selecting a Supreme Court justice. The members of our highest
court are granted life tenure, often serving long after the
presidents who appointed them. And they are charged with the vital
task of applying principles put to paper more than 20 centuries
ago to some of the most difficultquestions of our time."
8) "Everybody knows that it makes no sense that you send a kid to
the emergency room for a treatable illness like asthma, they end
up taking up a hospital bed, it costs, when, if you, they just
gave, you gave them treatment early and they got some treatment,
and a, a breathalyzer, or inhalator, not a breathalyzer. I haven't
had much sleep in the last 48 hours.
9) "It was interesting to see that political interaction in Europe
is not that different from the United States Senate. There's a lot
of I don't know what the term is in Austrian, wheeling and
10) "I have made goodjudgments in the past. I have made good
judgments in the future."

If Obama's not the worst he's among the top 5!

Posted: Friday, February 10, 2012
Article comment by: nutso fasst

"Where doe's [sic] Jimmy Carter squeeze into the equation?"

He's the guy who got Reagan elected.

Posted: Thursday, February 9, 2012
Article comment by: Slater Slater

Where doe's Jimmy Carter squeeze into the

Posted: Thursday, February 9, 2012
Article comment by: Jerry Monfort

@ Al Bundy: Your letter says it all. You don't need any stinking facts. Facts just get in the way of your opinions. I'm sure that you are incapable of forming an "Informed" decision.
Usually, highly emotional arguments are based on something other then the stated facts. I wonder how much of your uninformed opinion is based on Obama's policy of being Black.
BTW: Not only do you lack any credibility by ignoring the facts, by using a pseudonym to post, you show you that you also don't have the courage of conviction. What are you ashamed of?

Posted: Thursday, February 9, 2012
Article comment by: Slater Slater

Bet ya around Sept the economy will appear
the best it's ever been.Propped up by the 52%
of working folks.Problem being they work for
the Gov.
Would'nt be suprised to see gov employees
get a 4%-7% pay raise.Who they gonna vote
for then?(cut their own throats,I doubt it)
All is rosey and hunkee dorry.Might as well
give SS and Va disabled another 6% as they
held 6% back for two years while collecting
interest on our money.Such patriots.

Posted: Thursday, February 9, 2012
Article comment by: Jeanette McKee

Wow. It never ceases to amaze me how people seem to forget things in the past. If you think Obama is the worst president ever you must have been born yesterday.

Posted: Thursday, February 9, 2012
Article comment by: nutso fasst

Eventually, the crunch will come:


Last time I looked, paying off the national debt would cost $135,665 oops, I mean $135,666... per taxpayer.

Bush II gave us the prescription drug benefit that put the USA in hock for $21 trillion but made Big Pharma fail-safe. Obama - whose signature gave a similar income guarantee to Big Insurance - is in some respects a virtual Bush III.

The 30 'Dow Industrials' aren't all industrial, BTW. They include banking, insurance, and pharmaceutical corporations, and a few who benefit from government contracts and subsidies.

Posted: Thursday, February 9, 2012
Article comment by: Al Bundy

83% who is cooking numbers now? You can not trust any numbers any of the media put out these days. Anyone throwing out numbers these days, no matter what side, is skewing them for their own benifit. For the record I do not listen to any news media shows. I see things with my own eyes and form my own opinions through my daily business life. I made the statement "Worst President Ever" and I stand by it because it is the truth.

Posted: Thursday, February 9, 2012
Article comment by: Envino Veritas

GM and Chrysler have paid off their debts to us with interest. Factories are opening and people are being hired. Bin Laden and over 20 of the 30 top Al Qaeda operatives are taking nice long dirt naps. Unemployment is consistently trending down. What's not to like?

Oh, I forgot, he doesn't look like us and has a funny name. Well then, never mind.

Posted: Thursday, February 9, 2012
Article comment by: The Dow Is Over-Valued

The Dow is a cooked number. It is a quasi
representation of only 30 stocks on Wall Street.

Wall Street (NYSE) and all the other exchanges
through out our country has many thousands
of stacks

The true wealth measure of a nation is in its
cash flow and its debt accounts.

Posted: Wednesday, February 8, 2012
Article comment by: Dow is unreliable measure

There are much more valid measures of the country's overall economic health than the Dow, which only measures the stock price of a handful of large corporations.

For instance, I could arbitrarily pick two dates to quote the Dow and "prove" the exact opposite point of the writer. It's almost meaningless.

If you really want to understand how America as a whole is doing, a far better statistical measure is median household income. Google this and see for yourself.

Over recent history, it dropped through the Carter administration, then sustained a strong upward rise throughout the Reagan years. Dropped during Bush I, then zoomed north during the robust Clinton era.

It was mixed during the Bush II administrations. 9/11 had a negative effect, but after the Bush tax cuts kicked in it grew strongly again.

It again dropped after the housing bubble burst. It's important to note the 2007 drop also coincided with Democrats taking over control of congress.

Now, under Obama, it is again dropping like a rock. During this time, the fact that Democrats controlled congress and the White House is not coincidental.

Labor Department stats show recent gains in employment are not being accompanied by increased hourly wages. So even though more are working, people still aren't getting ahead.

In addition of course President Obama has irresponsibly run trillion dollar deficits every year he's been in office, and has pushed our country into a crushing 15 trillion total debt.

Many nonpartisan financial analysts consider President Obama to be economically the worst president in modern history. When you look at the facts objectively it's hard to argue with that.

It also is no coincident that recent gains in employment and the stock market have occurred since Republicans took back control of the House in 2010.

The gridlock now in DC has, if nothing else, effectively stopped the Pelosi-Reid-Obama triumvirate from doing any more damage.

Posted: Tuesday, February 7, 2012
Article comment by: Republican'ts Worst Fears are Becoming Reality

It looks like the Economy is showing signs of recovering.


In spite of republican't obstructionism, lies and propaganda.

Those great Conservative Patriots were hoping only for a complete collapse.

(Must be Reagonomics kicking in again, huh?)

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