Four Things Conservatives Warned Would Happen With Obama Reelection Didn’t Happen
Judd Legum at Think Progress punctures the dire warnings Republicans claimed would lead us to ruin of President Obama got a second term.
1. Gas was supposed to cost $5.45 per gallon.
In March 2012, on the floor of the United States Senate, Mike Lee (R-UT) predicted that if Obama was reelected gas would cost $5.45 per gallon by the start 2015. Lee said that gas prices would rise 5 cents for every month Obama was in office, ultimately reaching $6.60 per gallon.
Newt Gingrich said if he were elected president, he’d reverse Obama’s energy policies and bring gas down to $2.50 a gallon. The nationwide average is now $2.24.
2. Unemployment was supposed to be stuck at over 8%
In September 2012, Mitt Romney predicted that if Obama is reelected “you’re going to see chronic high unemployment continue four years or longer.” At the time, the unemployment rate was 8.1% and had been between 8.1% and 8.3% for the entire year…
Romney pledged that, if elected, he could bring the unemployment rate down to 6% by January 2017.
The unemployment rate currently stands at 5.8% and has been under 6% since September 2014.
3. The stock market was supposed to crash
Immediately after Obama won reelection in November 2012, many commenters predicted that the stock market was toast.
The stock market and US dollar are both plunging today. Welcome to @BarackObama’s second term.
— Donald J. Trump (@realDonaldTrump) November 7, 2012
The Dow Jones Industrial Average currently stands at 17,823 and is up over 35% since Obama was reelected.
4. The entire U.S. economy was supposed to collapse.
Rush Limbaugh predicted that “the country’s economy is going to collapse if Obama is re-elected.” Limbaugh was confident in his prediction: “There’s no if about this. And it’s gonna be ugly. It’s gonna be gut wrenching, but it will happen.”…
The U.S. economy grew at a robust 5% in the 3rd quarter of 2014, following 4.6% growth in the second quarter.
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