Obamanomics explained in 10 simple charts

All you need to know about Obamanomics…

1-26bhThese charts are from the Federal Reserve, FRED (Federal Reserve Economic Data) https://research.stlouisfed.org/fred2/

This is a train wreck.

And yet, the “services” part of the US economy seems to hum right along, leading to such surprising outcomes as a stronger than expected print in Personal Consumption Expenditures. How can this be?

Simple: one look at the chart below should explain how the “services” half of the US economy continues to grow.

healthcare 2015_0The “growth” was decreed by a tax, because that is how the Supreme Court defined Obamacare.

Obamacare is responsible for healthcare “spending” amounting to a quarter of the growth in US personal consumption expenditures, almost 100% higher than the second highest spending category.

And that is how you pretend a tax is some kind of economic progress.

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About avirginiapatriot1776

I hope we have once again reminded people that man is not free unless government is limited. There’s a clear cause and effect here that is as neat and predictable as a law of physics: as government expands, liberty contracts. — Ronald Reagan
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