DNC Chair Denies Unemployment Has Gone Up Under Obama

[Conservative]

DNC Chair Denies Unemployment Has Gone Up Under Obama | RealClearPolitics
video link available at above linked page...

Gretchen Carlson, FOX News: Unemployment has gone up precipitously since he took office.

Rep. Debbie Wasserman Schultz, DNC Chair: That is simply not true. In fact, unemployment has now dropped below 9%. It's continuing to drop. He's been focused on --

Carlson: It's higher than when they promised the stimulus would lower it to 8%.

Wasserman Schultz: You see, that narrative doesn't work for you anymore, though, because --

Carlson: It's not my narrative. I'm just talking about facts.

Wasserman Schultz: You just said the unemployment rate is going up since Obama took office, and it hasn't.

Carlson: Is unemployment higher since President Obama took office?

Wasserman Schultz: What's happened since President Obama took office --

Carlson: Is unemployment higher than when he took office?

Wasserman Schultz: Unemployment is nearing right around where it was when President Obama took office and it's dropping. You just said it's been increasing and that's not true.

If the rate did not go up under Obama, how then can it be 'nearing right around where it was when President Obama took office'???

UE rate in January of 2009 was 7.6%
Increase in unemployment rate in January 2009, The Editor's Desk

It reached 10.1 in October of 2009
Unemployment in the U.S. - Google Public Data Explorer

currently it is at 8.6%.

Let's see... began at 7.6%, which according to the math I learned in grade school, is LOWER than the high of 10.1%, or the current ratet of 8.6%... yet the head of the DNC says the rate did not go up.

THIS is who the libtards want running their party? More power to ya!

 

[Article 15]

Technically, it is true that unemployment is higher today than it was when Obama took office.

However, any non political hackasaurus with a lick of knowledge knows that a)a massive economic meltdown hit four months prior to him taking office, b)that unemployment is a classic lagging economic indicator, and c)that the economy was shedding 700k jobs a month when he was inaugurated.

It's going to be funny if/when the eventual nominee plays that card and Obama lays the smack down on him.

 

[Truthmatters]

she is right.

It has not gone up precipitously since Obama took office.

Its gone up and then back down.

Sorry your girl lied and then would not let her own guess finish her sentances

 

[WillowTree]

That's because she's a freaking nutbar.

 

[Truthmatters]

What was the country's unemployment rate january 2009 when president Obama was inaugurated into the presidency? - Yahoo! Answers


It was 7.8% at the end of January 2009. Considering Obama was inaugurated on Jan 20th, that seems the fairest number to report.

 

[WillowTree]

DNC Chair Denies Unemployment Has Gone Up Under Obama | RealClearPolitics
video link available at above linked page...

Gretchen Carlson, FOX News: Unemployment has gone up precipitously since he took office.

Rep. Debbie Wasserman Schultz, DNC Chair: That is simply not true. In fact, unemployment has now dropped below 9%. It's continuing to drop. He's been focused on --

Carlson: It's higher than when they promised the stimulus would lower it to 8%.

Wasserman Schultz: You see, that narrative doesn't work for you anymore, though, because --

Carlson: It's not my narrative. I'm just talking about facts.

Wasserman Schultz: You just said the unemployment rate is going up since Obama took office, and it hasn't.

Carlson: Is unemployment higher since President Obama took office?

Wasserman Schultz: What's happened since President Obama took office --

Carlson: Is unemployment higher than when he took office?

Wasserman Schultz: Unemployment is nearing right around where it was when President Obama took office and it's dropping. You just said it's been increasing and that's not true.

If the rate did not go up under Obama, how then can it be 'nearing right around where it was when President Obama took office'???

UE rate in January of 2009 was 7.6%
Increase in unemployment rate in January 2009, The Editor's Desk

It reached 10.1 in October of 2009
Unemployment in the U.S. - Google Public Data Explorer

currently it is at 8.6%.

Let's see... began at 7.6%, which according to the math I learned in grade school, is LOWER than the high of 10.1%, or the current ratet of 8.6%... yet the head of the DNC says the rate did not go up.

THIS is who the libtards want running their party? More power to ya!

It's really a lot higher than the figures indicate because of the numbers of people who given up even looking for a work. also an indicator that wassermanshulitz is nutz is the increased numbers of people on welfare.. duh.

 

[Truthmatters]

Your guy crashed the economy right before he handed over the keys.

Obama had to work right from the start knee deep in the cesspool you guys let this country in.


Blaming a guy for your own mess is what you people seem to do best.

 

[Truthmatters]

Unemployment has gone up precipitously since he took office

This is an incorrect statement.

It went up and then back down.

Not jsut went up precipitously since he took office as the hack reporter claimed

 

[naturegirl]

OMG, the left continues to manipulate numbers because the DNC says it's right. Puppets, puppets, puppets, no one taking care of themselves, government controlling every aspect of your lives. It's for the good of the people.

When are the sheeple going to wake up and smell the coffee!! Don't you lefites realize 70% of the people think the country is on the wrong track!! They aren't talking about the President or Congress, they are talking about the Country, the good ole USA is a sinking ship..............and 0bama is drilling holes faster than they can be plugged.

Those Cubans won't even think about making it to America any more, it will soon look like their home country if we continue down this road. When the President arrogantly bypasses Congress (duh, this includes the Dem controlled Sentate) he is quickly bringing America to a dictatorship.

 

[Truthmatters]

THE REPORTER WAS WRONG ON THE FACTS!!!!!!


you people dont care about facts do you?

 

[Truthseeker420]

surely you're not blaming Obama for the crash in 2007. Unemployment took a sharp climb from may 08 to oct 09.

 

[Truthmatters]

Unemployment has gone up precipitously since he took office.

This statement is UNTRUE by vurtue of the facts.


Thanks for helping prove Fox lies

 

[Truthmatters]

http://www.usmessageboard.com/politics/202046-santorum-is-insane.html


This is insane lying

 

[NYcarbineer]

lol, the UE numbers for December just came out.

Payroll number up 200,000.

UE rate down to 8.5%

Very good numbers.

 

[Claudette]

Your guy crashed the economy right before he handed over the keys.

Obama had to work right from the start knee deep in the cesspool you guys let this country in.


Blaming a guy for your own mess is what you people seem to do best.

"Your guy" crashed the economy??

What a load of horseshit. Both parties crashed the economy you idiot. Your Dems were spending like drunken sailors right alongside the reps. Your Dems voted for the wars and Frank and Dodd assisted in the houseing meltdown with FF. Their oversite sucked.

Plenty of blame to go round idiot. None of the Clowns, either party, in DC are blameless in the mess. Bout time you took your fucking blinders off you moron.

You are one dishonest partisan idiot.

 

[naturegirl]

Wooo Hooooo!! Those obstinate Republicans are doing the job they were elected to do!! WTG newly elected senators and representatives!! Unemployment is going down!! Doing the happy dance!!

 

[Truthmatters]

Why did the republicans hold up the protections in the bill Clinton signed?

 

[Truthmatters]

SEC Votes for Final Rules Defining How Banks Can Be Securities Brokers
Eight Years After Passage of the Gramm-Leach-Bliley Act, Key Provisions Will Now Be Implemented
FOR IMMEDIATE RELEASE
2007-190
Washington, D.C., Sept. 19, 2007 - Ending eight years of stalled negotiations and impasse, the Commission today voted to adopt, jointly with the Board of Governors of the Federal Reserve System (Board), new rules that will finally implement the bank broker provisions of the Gramm-Leach-Bliley Act of 1999. The Board will consider these final rules at its Sept. 24, 2007 meeting. The Commission and the Board consulted with and sought the concurrence of the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Office of Thrift Supervision.

In addition, the Commission also voted to issue a second release concerning certain bank dealer activities and other related matters.

"A customer should be able to walk into a financial institution and get any financial product he or she needs — securities, insurance, banking or trust services," said SEC Chairman Christopher Cox. "But Congress recognized those benefits couldn't be achieved without new ways to safeguard investors that would be consistent with continued innovation. Today's historic action, coming eight years after the passage of the law, is long overdue but welcome news for investors who will now begin to see the benefits of broader services and lower costs that the law intended."

An important provision of the Gramm-Leach-Bliley Act amended the definition of "broker" in the Securities Exchange Act of 1934 so that banks would no longer be completely excluded from the broker-dealer registration requirements. At the same time, the new law created specific exceptions from those requirements. Proposed Regulation R would give effect to these bank broker exceptions, in a way that accommodates the traditional business practices of banks, and at the same time furthers our goal of better protecting investors.

One of the major promises of the Gramm-Leach-Bliley Act is to stimulate greater competition in the financial services industry, and give investors a wider array of services at lower prices. Much of that has occurred, but not as much as was expected, in part due to ambiguity in the governing legal rules. Today's action is especially important to help bring the legislative promise of the Gramm-Leach-Bliley Act to fulfillment.

 

[naturegirl]

While 0bama continues to trample the Constitution, the unpopular Congress is staying strong. Businesses are seeing it, they are ready to move forward. Optimism is renewed, thank goodness we only have one more year on this sinking ship!!

 

[PLYMCO_PILGRIM]

Technically, it is true that unemployment is higher today than it was when Obama took office.

However, any non political hackasaurus with a lick of knowledge knows that a)a massive economic meltdown hit four months prior to him taking office, b)that unemployment is a classic lagging economic indicator, and c)that the economy was shedding 700k jobs a month when he was inaugurated.

It's going to be funny if/when the eventual nominee plays that card and Obama lays the smack down on him.

And a massive economic meltdown hit us in 2001 too .

And yes its true, unemployement as a percentage of those working is 1-2% higer now than the day Obama was sworn in.......unemployment as a total number of americans who can work but aren't working however is over 6% higher than it was when Obama was sworn in.

We are employing a decreasing proportion of our people.

At the start of the recession, the employment-to-population rate was 62.7%. The rate is now 58.5%. Last month, unemployment fell from 9 per cent to 8.6 per cent. On the surface, this looked great for all of us. In reality, more than half of the fall was accounted for by a decrease in the numbers “actively seeking” work AKA no longer eligible to collect unemployment. The 315,000 who dropped out of the labour market far exceeded the 120,000 new jobs.

According to government statistics, if the same number of people were seeking work today as in 2007, the jobless rate would be 11%. Some have moved from claiming unemployment benefits to disability benefits, and have thus permanently dropped out of the labour force.