Josh Zumbrun of the Wall Street Journal provides a fair summary of how economic indicators have fared during the Obama presidency. Here’s the Reader’s Digest version.
The stock market, home prices, GDP, the total number of jobs, and industrial production are up.
Real median household incomes and the labor force participation rate are down. Real average incomes are down, too, which means that even the continuingly increasing share of income by the wealthy doesn’t make up for the loss of income.
Food stamp use is up. Job growth has been phlegmatic by comparison with post-war presidents other than George W. Bush with whom it’s pretty comparable.
Whether you think it’s a good record or a bad one largely depends on your point-of-view. As usual where you sit is where you stand. President Obama clearly thinks it’s a good record.
My view is that it’s not good enough.