You are better off than you were four years ago
Apparently the pundits are spending today on the question of whether you are better off than you were four years ago. Above is a graph of the United States seasonally adjusted employment for the past five years. The first plane is placed where Obama took over as pilot. The second plane is where we are now now. You will notice two things:
- The planes are at about the same level.
- The first plane is in the process of crashing.
- You would rather be on plane #2 than plane #1. This is not a difficult question.
I chose seasonally adjusted employment—but you’re welcome to try this yourself with any metric you want. May I suggest United States Exports, the DJIA, and GDP. Some have a bit more turbulence than others—but the overall arch remains consistent. Obama took office in the middle of a crisis. Things turned around relatively quickly. Now the trend is pretty good.