GDP +3.9%

[pinqy]

population growth was about 20 million and full time job growth was about 4 million under Obama

Population here: US Population by Month

January 2009 = 305.52 million
Current US population = 319 million

Another day, another lie by EdwardBaiamonte. I don't think someone could say incorrect numbers as often as EdBaiamonte even if they tried, he is a compulsive liar and this is why he is a lonely divorced 61 year old bitter man.

Do you understand now?

You're using the wrong population. For labor force data we use the adult civilian non-institutional population, not total population Bureau of Labor Statistics Data

Sanity check SM and pinqy.

UE claims increasing while GDP growthrate increases isn't that the definition of Dutch Disease and isn't that what we are experiencing?

No. Unemployment insurance claims have been going down.
FRED Continued Claims Insured Unemployment

yes, but u6 is still 40% higher than before recession thanks to Obama's soviet mismanagement.

Let's take a look.
November 2007, the U-6 was 8.4%
January 2009, it was 14.2%
April 2010 the U-6 hit its peak of 17.2%
November 2014 it's at 11.4% (which is not 40% higher than 8.4%
Now....you cannot blame Obama for the rise from 8.4% to 14.2%
And it would difficult to claim that his policies caused it to continue up to 17%
But now it's down to 11.4%. Are you claiming the drop from 17.2% was mismanagement? Please elaborate on how exactly.

yes, but u6 is still 40% higher than before recession thanks to Obama's soviet mismanagement, there are fewer full time jobs than when Obama came to office, .

And that's flat out untrue. There are still fewer full time employees than before the Recession (November 2007) but we do have more than in January 2009

 

[Old Rocks]

My, our dumb fucks still insist that Bush was a success and that Obama will be a failure.

Well, let's look at the record. Terrorist attack on US soil that kills 3000 Americans. And a short time later Bush says of the mastermind of that attack " I don't know where Bin Laden is, and it is not a concern of mine". And proves it, for seven years he lets the murderer of 3000 Americans live in peace. President Obama promises that justice will be served on Bin Laden, and Bin Laden is killed.

The policies of the GOP concerning the banks dealing in derivatives leads to a worldwide economic debacle. Nearly puts us into the Second Great Republican Depression. Now, in only six years, we are leading the world out of that economic debacle. And all you nay sayers were endorsing the policies followed by Germany, that of austerity. But we did not, and they are still in a recession, and our economy is presently the best in the world.

You knownothings made fun of the idea of renewable energy. Yet here we are today with wind producing energy at about half the cost of dirty coal. And solar almost at the parity point with coal and natural gas, and still dropping in price and increasing in efficiency. And grid scale batteries preparing to come online, making wind and solar 24/7. Oncor, the biggest utility in Texas has already laid out plans to put 5000 mw of batteries on line, starting in 2018. Another big win for President Obama.

By 20Jan17, President Obama's record is going to look pretty damned good, expecially in light of his predeccors record.

 

[william the wie]

My, our dumb fucks still insist that Bush was a success and that Obama will be a failure.

Well, let's look at the record. Terrorist attack on US soil that kills 3000 Americans. And a short time later Bush says of the mastermind of that attack " I don't know where Bin Laden is, and it is not a concern of mine". And proves it, for seven years he lets the murderer of 3000 Americans live in peace. President Obama promises that justice will be served on Bin Laden, and Bin Laden is killed.

The policies of the GOP concerning the banks dealing in derivatives leads to a worldwide economic debacle. Nearly puts us into the Second Great Republican Depression. Now, in only six years, we are leading the world out of that economic debacle. And all you nay sayers were endorsing the policies followed by Germany, that of austerity. But we did not, and they are still in a recession, and our economy is presently the best in the world.

You knownothings made fun of the idea of renewable energy. Yet here we are today with wind producing energy at about half the cost of dirty coal. And solar almost at the parity point with coal and natural gas, and still dropping in price and increasing in efficiency. And grid scale batteries preparing to come online, making wind and solar 24/7. Oncor, the biggest utility in Texas has already laid out plans to put 5000 mw of batteries on line, starting in 2018. Another big win for President Obama.

By 20Jan17, President Obama's record is going to look pretty damned good, expecially in light of his predeccors record.

I disagree on the last point. Current economic tools do not deal with balance sheet issues adequately because current economic tools were developed prior to balance sheet data being available. To bring up an old argument betwixt us

The farmland bubble of Oct. 1914 to March 1921 and the 1930-9 drought/dustbowl makes a much better causal fit to the great depression than competing theories.

but with farmland data scattered over 3,000 record archives, if not for cable channels needing cheap,cheap programs ("look ma, no actors and not much in the way of a crew") who would know? Try to find non-agronomy textbook sources on the subject prior to the 1990. No one has ever dealt well politically with a balance sheet downturn. So what evidence of an effective economic model based on balance sheets have you seen? And without one how is Obama going to reach a soft landing?

 

[EdwardBaiamonte]

And it would difficult to claim that his policies caused it to continue up to 17%

why would you say that when we know that lib soviet polices and the expectation of them retard an economy. Did you forget that Obama voted to the left of Bernie Sanders , an open communist?

 

[EdwardBaiamonte]

Are you claiming the drop from 17.2%[u6]was mismanagement?

no, claming that the slowly improving
economy is due to remaining capitalist elements with whcih Obama has not yet tampered.

Do you understand?

 

[EdwardBaiamonte]

By 20Jan17, President Obama's record is going to look pretty damned good, expecially in light of his predeccors record.

look good??? Slowest recovery in American history!! Russia/ ISIS exploding all over the world.

His foreign and domestic policy compete for worst in American History!

 

[EdwardBaiamonte]

There are still fewer full time employees than before the Recession

yes part of Barry's worst economic performance since in US History. He some cases he even beats FDR the all time liberal champion.
Most importantly, can anyone even imagine how any of policies could do anaythinkg to help the economy?

 

[pinqy]

yes, but u6 is still 40% higher than before recession thanks to Obama's soviet mismanagement, there are fewer full time jobs than when Obama came to office, .

And it would difficult to claim that his policies caused it to continue up to 17%

why would you say that when we know that lib soviet polices and the expectation of them retard an economy. Did you forget that Obama voted to the left of Bernie Sanders , an open communist?

The U-6 rose from 8.4% to 14.2% (5.8 percentage points) in 14 months before Obama was sworn in. 9 months later (October) it reached 17.1 (another 2.9 percentage points) and stayed around there for 6 months and hit its peak at 17.2 in April 2010 and then dropped.

So the rate of increase slowed after Obama took office. I'm baffled why you think it was Obama's policies in his first 9 months that caused it to keep growing. Surely you don't think the increase would have magically stopped the instant Romney was sworn in

 

[EdwardBaiamonte]

. I'm baffled why you think it was Obama's policies

because Barry is lib commie anti business. Did you forget that he voted to left of Bernie Sanders, an open commie? Did you forget he lied to pass Obamacare, not capitalist care?

 

[EdwardBaiamonte]

. Surely you don't think the increase would have magically stopped the instant Romney was sworn in

if he promised and then implemented a series of capitalist reforms it would have indeed. Did you forget what happened in China when they switched to capitalism? 10% growth a year for 30 years.

 

[Old Rocks]

DOW 18,035. GDP 5%

Po' 'Conservatives' are about to blow a gasket.

 

[SteadyMercury]

Somewhere SpecialEdBaiamonte is warming up his usual "unemployment is 12%" fable....

 

[EdwardBaiamonte]

DOW 18,035. GDP 5%

Po' 'Conservatives' are about to blow a gasket.

especially since the DOW helps the dreaded Republican 1% the most while most Americans are seeing their real income decline thanks to Barry's soviet policies.

 

[Toro]

If Democrats support anything that helps the economy tell us what it is or admit you lack the IQ to be here. Thanks

Lack the IQ? Who is the one who's wife left him for being a pathetic failed attempt at being an author?

EdBaiamonte, that is who.

Whoa! Not cool.

 

[SteadyMercury]

Pure speculation, but hey since he speculates about everyone's IQ...