Obama Is Presiding Over The Fastest 6 Month Drop In Unemployment Since 1984

[The T]

And he was handed the fasted decline in employment in the history of the United States.

Funny, Republicans created one and tried to stop the other.

Also, a global financial crisis hit us in 2008.

The Democrats controlled the Senate and the House before Obama became POTUS.

I figure that anything that happens is a concerted effort by all parties.

The 110th Congress was controlled by Democrats. Bush told them that we had important issues to deal with, and he also told them they shouldn't send him protest bills that ignored the approaching problems. Well, they decided not to listen to him. Obama was a Senator in the 110th Congress. Don't you think he had anything to do with the collapse of the economy? With bills like the Genetic Information Nondiscrimination Act, the raising of the minimum-wage, extension after extension of unemployment benefits.....benefits that are running out now, is it any wonder we had a recession in 2008.

It would be one thing if Obama was a Governor, but he participated in the collapse personally. Harry Reid and Nancy Pelosi were running things. These two idiots made sure that the problems that needed addressing were ignored.

And could be further taken down the road once Obama got into office.

 

[DaGoose]

I know what he said, the question is, why is it when comments are posted by obamas econ. advisers they never count?




and Il'l take his con job over obamas con job any day of the week.

Then you're either enormously wealthy or a fool to still think that Reaganomics works.

Trickle-down economics - Wikipedia, the free encyclopedia

The economist John Kenneth Galbraith noted that "trickle-down economics" had been tried before in the United States in the 1890s under the name "horse and sparrow theory." He wrote, "Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy—what an older and less elegant generation called the horse-and-sparrow theory: 'If you feed the horse enough oats, some will pass through to the road for the sparrows.'" Galbraith claimed that the horse and sparrow theory was partly to blame for the Panic of 1896.

I never read that before but I love it!!

It just shows that the Republicans want the rich to eat all of the food and feed everyone else their shit.

 

[mudwhistle]

And he was handed the fasted decline in employment in the history of the United States.

Funny, Republicans created one and tried to stop the other.

Also, a global financial crisis hit us in 2008.

The Democrats controlled the Senate and the House before Obama became POTUS.

I figure that anything that happens is a concerted effort by all parties.

The 110th Congress was controlled by Democrats. Bush told them that we had important issues to deal with, and he also told them they shouldn't send him protest bills that ignored the approaching problems. Well, they decided not to listen to him. Obama was a Senator in the 110th Congress. Don't you think he had anything to do with the collapse of the economy? With bills like the Genetic Information Nondiscrimination Act, the raising of the minimum-wage, extension after extension of unemployment benefits.....benefits that are running out now, is it any wonder we had a recession in 2008.

It would be one thing if Obama was a Governor, but he participated in the collapse personally. Harry Reid and Nancy Pelosi were running things. These two idiots made sure that the problems that needed addressing were ignored.

And could be further taken down the road once Obama got into office.

Is there any wonder why most Obama policies don't kick in for another year or more???

 

[mudwhistle]

February 4, 2012
When Obama Came into Office...
By Yossi Gestetner

Every time you challenge Democrats on the bad shape of the economy three years (and $5 trillion) into Barack Obama's presidency, you get hit with something like "when Obama came into office, the economy was so bad," etc.

So let's remember exactly how things were when Obama came into office.

When Obama came into office, the Democrats concluded two years of controlling both the House and Senate for the first time in over a decade. Until they showed up, everything was quite all right. All hell broke loose after their anti-business policies started kicking in, and things became worse when the Democrat won the White House, too.

When Obama came into office, he didn't show up as a sitting governor. Instead, he was a voting member of the majority party in the Senate -- the majority party, remember, who created the mess -- and he only made things worse once in the White House. See for yourself:

...When Obama came into office, the economy had just concluded a year of 0.0% growth. In Obama's first year, however, the economy shrank by 3.5%.

...When Obama came into office, we had a mess due to the housing market. However, the worst year for new home sales in U.S. history took place in Obama's third year, not Bush's last.

...When Obama came into office, we concluded Bush's worst year of banks closings under Bush, with 25 banks shuttered in 2008 due to insolvency. Obama's best year of bank closings (2011) saw 97 banks go under.

...When Obama came into office, the economy had just concluded a year that lost 1.4 million fewer jobs than what the economy lost in Obama's first year.

...When Obama came into office, we had concluded a year (2008) where the unemployment rate was on average 5.8% for the year. The best UR month on Obama's watch is above eight percent.

When Obama came into office, we were losing a half a million jobs a month. However, just as the waters in New Orleans started receding before Bush did anything, jobs losses in the U.S. were bound to recede even if Obama did not lift a finger. The only question was how fast jobs would come back.

A rule in modern economics suggests that the steeper the downturn, the faster the comeback. But even if you look only at Obama's "good" job months (largely since we elected a do-nothing Congress which by default tied and limited Obama's hands...), the job gains are less than what President Ford -- with an economy and population 35 years smaller than now -- delivered at this time following the steep downturn of the mid-1970s, and it's a drop in the bucket compared to what Reagan gave us after the steep 1981 downturn.

When Obama came into office with an economy of 133.5 million non-farm jobs, his economic team projected that at the end of 2010, we would have 137 million of those jobs if we were to follow Obamanomics. However, at the start of the current year, we had fewer than 133 million jobs -- which is four million jobs short of what we were supposed to have a year ago!

Finally, when Republican President Warren Harding came into office in early 1921, the economy was in a depression, with GDP (then called GNP) being down almost four times more than the recent downturn. However, when Harding concluded his third year in office after pushing through steep tax cuts, the unemployment rate was lower than the pre-depression levels despite the fact that more people came into the workforce. Now, by contrast, despite millions giving up on looking for jobs, the unemployment rate is still higher than "when Obama came into office."

In brief, things might not have been exactly hunky-dory when we got Obama...but they're a heck of a lot worse now that we have him.

Read more: Articles: When Obama Came into Office...

 

[The T]

Also, a global financial crisis hit us in 2008.

The Democrats controlled the Senate and the House before Obama became POTUS.

I figure that anything that happens is a concerted effort by all parties.

The 110th Congress was controlled by Democrats. Bush told them that we had important issues to deal with, and he also told them they shouldn't send him protest bills that ignored the approaching problems. Well, they decided not to listen to him. Obama was a Senator in the 110th Congress. Don't you think he had anything to do with the collapse of the economy? With bills like the Genetic Information Nondiscrimination Act, the raising of the minimum-wage, extension after extension of unemployment benefits.....benefits that are running out now, is it any wonder we had a recession in 2008.

It would be one thing if Obama was a Governor, but he participated in the collapse personally. Harry Reid and Nancy Pelosi were running things. These two idiots made sure that the problems that needed addressing were ignored.

And could be further taken down the road once Obama got into office.

Is there any wonder why most Obama policies don't kick in for another year or more???

And the result is failure. However Obama wants more of the same. Why?

 

[Listening]

You remember David Stockman, don't you? He was REAGAN'S BUDGET DIRECTOR. What did he say about it?

The guy who went bust and was investigate for fraud ?

Who cares what he said about it ?

I don't recall it being like Corzine saying we don't know where (all) that money went.

Classic.

 

[Listening]

BTW..............did anyone else notice that the stock market closed at close to 13,000 the other day?

Almost where it was ten years ago.

That's wonderful.

 

[Synthaholic]

Dropping people from the count does it every time.

Yep. Cooked books work well for the O.

Thats exactly why Obama Is Presiding Over The Fastest 6 Month Drop In Unemployment Since 1984.... BECAUSE ITS BULLSHIT!

I am sick of this jackass president and all his minions doing this sort of shit to prop him up as a great president.

If we as a nation vote him back in, or better yet, let him steal this next election... we will deserve everything they do to us through the next four years.
It will be disastrous!

Taking the new talking point out for a walk?

 

[The T]

Yep. Cooked books work well for the O.

Thats exactly why Obama Is Presiding Over The Fastest 6 Month Drop In Unemployment Since 1984.... BECAUSE ITS BULLSHIT!

I am sick of this jackass president and all his minions doing this sort of shit to prop him up as a great president.

If we as a nation vote him back in, or better yet, let him steal this next election... we will deserve everything they do to us through the next four years.
It will be disastrous!

Taking the new talking point out for a walk?

No, Talking truth that you have a hard time with fuckwit.

 

[ABikerSailor]

BTW..............did anyone else notice that the stock market closed at close to 13,000 the other day?

Almost where it was ten years ago.

That's wonderful.

Actually, that is HIGHER than it was 10 years ago.

Might wanna check this link which shows that it was never above 12,000 all the way up through 2004.

Here is a historical view of the stock market downturn of 2002 including figures from the stock market bubble of the late 1990s:



Date

Nasdaq

% Chng.§

Dow Jones

% Chng.§

Notes



January 1, 1997

1,291.03

—

6,448.30

—



January 1, 1998

1,570.35

+21.63%

7,908.30

+22.64%



January 1, 1999

2,192.69

+39.63%

9,181.40

+16.10%



January 1, 2000

4,069.31

+85.58%

11,497.10

+25.22%



January 14, 2000

4,064.27

−0.12%

11,723.00

+1.97%

The day the DJIA peaked.



March 10, 2000

5,048.62

+24.22%

9,928.80

−15.31%

The day the Nasdaq peaked.



January 1, 2001

2,470.52

−51.07%

10,788.00

+8.65%



January 20, 2001

2,770.38

+12.14%

10,587.60

−1.86%

President Bush takes office.



September 10, 2001

1,695.38

−38.80%

9,605.50

−9.28%

Levels before September 11, 2001 attacks.



September 21, 2001

1,423.19

−16.05%

8,235.80

−14.26%

Lows after markets reopened.



January 1, 2002

1,950.40

+37.04%

10,021.60

+21.68%



October 9, 2002

1,114.11

−42.88%

7,286.27

−27.29%

2002 lows.



January 1, 2003

1,335.51

+19.87%

8,341.63

+14.48%



January 1, 2004

2,003.37

+50.01%

10,453.92

+25.32%

§Values represent percent change from previous date listed in table.

Stock market downturn of 2002 - Wikipedia, the free encyclopedia

 

[Synthaholic]

And he was handed the fasted decline in employment in the history of the United States.

Funny, Republicans created one and tried to stop the other.

Is anything ever Obama's fault?

When are you punks ever going to take credit for your liberal policies?





Yeah.... I know.... never right?

Which Liberal policies? The Rightwing-invented health care law? The Rightwing-invented 'Cap & Trade'?

 

[Synthaholic]

I know what he said, the question is, why is it when comments are posted by obamas econ. advisers they never count?




and Il'l take his con job over obamas con job any day of the week.

Then you're either enormously wealthy or a fool to still think that Reaganomics works.

HUH??????

Huh...WHAT? Trickle-down was a disaster.

Show how it lifted all boats.

 

[Synthaholic]

According to the current equation, the calculus is incredibly flawed. In essence, we could have 100 million who have fallen off government ledgers and have 3 percent unemployment. It's an insult to those who do use their brain to think.

U-6 counts those people and it's at a 36 month low.

They keep ignoring that.

 

[Synthaholic]

According to the current equation, the calculus is incredibly flawed. In essence, we could have 100 million who have fallen off government ledgers and have 3 percent unemployment. It's an insult to those who do use their brain to think.

^Yep.

It's entirely asinine. I'd love for unemployment to be on the decline but in reality, according to the current logic, it's actually going up.

 

[Full-Auto]

Yep. Cooked books work well for the O.

Thats exactly why Obama Is Presiding Over The Fastest 6 Month Drop In Unemployment Since 1984.... BECAUSE ITS BULLSHIT!

I am sick of this jackass president and all his minions doing this sort of shit to prop him up as a great president.

If we as a nation vote him back in, or better yet, let him steal this next election... we will deserve everything they do to us through the next four years.
It will be disastrous!

Taking the new talking point out for a walk?

No No the talking points will come from the CBO.

WANT SOME?

 

[Synthaholic]

Thats exactly why Obama Is Presiding Over The Fastest 6 Month Drop In Unemployment Since 1984.... BECAUSE ITS BULLSHIT!

I am sick of this jackass president and all his minions doing this sort of shit to prop him up as a great president.

If we as a nation vote him back in, or better yet, let him steal this next election... we will deserve everything they do to us through the next four years.
It will be disastrous!

Taking the new talking point out for a walk?

No, Talking truth that you have a hard time with fuckwit.

So, your 'truth' is that Obama is gonna steal the election?


Dumbass.

 

[Luddly Neddite]

And boy are the pubs pissed.

As much as they have obstructed jobs the past three years, this year will be far far worse. They will doing everything they can to sabotage the unemployed and the addition of new jobs.

I think we should bring the damn bums up on charges.

 

[The Infidel]

Taking the new talking point out for a walk?

No, Talking truth that you have a hard time with fuckwit.

So, your 'truth' is that Obama is gonna steal the election?


Dumbass.

No.... the TRUTH is, there is no way in Hell, with his record he can/should win another election.
He said it himself... he cant fix it in 3-4 years, he should be a one term president.

Synthahlolic I dont need talking points.... I have a brain, and I use it.

[ame=http://www.youtube.com/watch?v=SmRgaKfWMPA&feature=related]Obama said he should serve only one term - YouTube[/ame]

A billion dollars can buy alot of votes buddy

 

[The T]

No, Talking truth that you have a hard time with fuckwit.

So, your 'truth' is that Obama is gonna steal the election?


Dumbass.

No.... the TRUTH is, there is no way in Hell, with his record he can/should win another election.
He said it himself... he cant fix it in 3-4 years, he should be a one term president.

Synthahlolic I dont need talking points.... I have a brain, and I use it.

[ame="http://www.youtube.com/watch?v=SmRgaKfWMPA&feature=related"]Obama said he should serve only one term - YouTube[/ame]

A billion dollars can buy alot of votes buddy

While they decry the Koch brothers and others that want to see Obama leave and cease the damage he's done...they're duplicitous, and clueless.

 

[Conservative]

So, we were not allowed to blame Obama for the unemployment rate, because libtards said ti wasn't his fault and he had no real control over it anyway... but libtards can now give Obama all the credit for the recent drop, because he did it?