When President Barack Obama was elected in November 2008, the U.S. economy was shrinking at a rate unmatched since World War II. In the seven years between then and his final State of the Union address Tuesday night, global investors have enjoyed stellar results from the rapidly expanding Obama economy.
Unemployment Falls Most Since 1980s
Source: Bloomberg
Market prosperity has been built on a solid economic foundation. The unemployment rate has declined the most in any five-year period since 1989, from its 10-percent peak in October 2009 to 5 percent last December. The budget deficit as a percentage of gross domestic product has plummeted 7.7 percentage points from a high of 10.1 percent in 2010, the biggest fav…
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