NBC offers an exit report on the performance of the Obama Administration over the last eight years. By their several statistics, NBC concludes President Obama made life better for pretty much everyone… except for hungry folks, debt hawks, and Democratic partisans:
The numbers comparing early 2009 to the most recent available data:
- Unemployment: down from 7.8% to 4.6%.
- Dow Jones Industrial Average: up from 7,949.09 to 19,170.42.
- Gross domestic product growth: up from –5.4% to +3.2%.
- Consumer confidence index: up from 37.4 to 107.1.
- Median household income, adjusted for inflation: up from $54,988 to $56,516.
- Americans without health insurance: down from 49 million to 29.8 million.
- Americans receiving food stamps: up from 33 million to 46 million.
- Federal debt: up from $10.6 trillion to $19.9 trillion.
- Federal spending as percentage of GDP: down from 24.4% to 21.4%.
- Democrats in U.S. House: down from 256 to 188 (194 coming in January).
- Democrats in U.S. Senate: down from 58 to 46 (48 coming in January)
- Democratic governors: down from 28 to 18.
- U.S. troops in Iraq: down from 139,500 to 5,200.
- U.S. troops in Afghanistan: down from 34,400 to 9,800.
Hmmm… let’s check some of those metrics at the South Dakota level:
- Unemployment: down from 5.0% to 2.4% (stronger than national change).
- SD Stock Ticker: up from 17.01 to 46.77 (stronger than Dow improvement).
- Annual state GDP growth: up from 1.0% to to 1.8% (weaker the U.S. recovery)
- Gallup consumer confidence: up from –83 to –6 (different metrics; hard to compare).
- Median household income: up from $49,768 to $53,017 (stronger dollar and percentage gains than national).
- South Dakotans without health insurance: down from 15.1% to 12.0% (less improvement than U.S.).
- South Dakotans receiving food stamps: up from 70,661 to 95,871 (bit less than U.s. increase).
- State budget gap—change from $71.4 million deficit to $14.1 million surplus.
- State general fund budget as percentage of GDP: little change from 3.16% to 3.18%.
- Democrats in SD House: down from 24 to 12 (10 coming next month).
- Democrats in SD Senate: down from 14 to 8 (6 coming next month).
By seven out of nine economic metrics, the nation is better off after eight years of Barack Obama’s Presidency. Ditto for South Dakota.