So Dem's Praised Obama For"Stopping The Bleeding" Where Are The Economic Statistics ?

[The Rabbi]

Office of the Speaker? Really?
Yes, let's compare the last 2 months of Bush's tenure at the beginning of the meltdown with all of Obama's presidency.
The average UE rate under Bush was about 5%. What has been under Obama? And job loss was worse during the 2000 recession, but job creation was much better. That's why under the 2000 recession the UE rate didnt get above 6%, although that didnt stop the lib-tards from screaming about a jobless recovery.

 

[The Rabbi]

The economy was losing an annualized average of 9% of it's value when Obama took office, a rate of loss in production matched only by the beginning of the Depression - and a rate far worse than we knew at the time. We were losing almost 800,000 jobs per month and the credit markets were completely frozen.

Teals of Wonder, it takes a special kind of rightwing bias to fail to see that the situation has improved.

Yeah we went from losing thousands of jobs to gaining hundreds of jobs. Historically that is the weakest recovery on record.

 

[Wiseacre]

My issue with the "stop the bleeding" concept is that it was so poorly conceived, implemented, and controlled. Could've and should've been done much more effectively, we didn't get more bang for that that many bucks. I think a lot of that money went to the democratic constituents, and to support the ridiculous projects such as Solyndra and Evergreen Solar and that freakin' high speed rail boondoggle.

 

[Teals_Of_Wonder]

I never would of bought any property in Naples for 250,000,,thats nuts,,and how did the average home here go for 400,000 at one point? they just homes. yet so many people bought into it,,,and look at what happened to all those consumers who bought condos here in 2004/05 hoping to flip them. I knew better, I bought mine for $100,000 in 2003,,about a year before the bubble started,,,now I wish I hadn't...would rather live about 12 miles north of here. (Im close to Marco Island)

 

[Wiseacre]

Office of the Speaker? Really?
Yes, let's compare the last 2 months of Bush's tenure at the beginning of the meltdown with all of Obama's presidency.
The average UE rate under Bush was about 5%. What has been under Obama? And job loss was worse during the 2000 recession, but job creation was much better. That's why under the 2000 recession the UE rate didnt get above 6%, although that didnt stop the lib-tards from screaming about a jobless recovery.

How about we continue that UE chart out to last month on the right and backa couple of years to the left. Kinda tells a different story. Then go back in history and look at the UE charts coming out of most recessions since the war (WWII) and you'll see a much quicker recovery than this one.

 

[8537]

The economy was losing an annualized average of 9% of it's value when Obama took office, a rate of loss in production matched only by the beginning of the Depression - and a rate far worse than we knew at the time. We were losing almost 800,000 jobs per month and the credit markets were completely frozen.

Teals of Wonder, it takes a special kind of rightwing bias to fail to see that the situation has improved.

Yeah we went from losing thousands of jobs to gaining hundreds of jobs. Historically that is the weakest recovery on record.

No, we went from losing 800,000 to gaining, on average, about 80,000 per month.

 

[The Rabbi]

The economy was losing an annualized average of 9% of it's value when Obama took office, a rate of loss in production matched only by the beginning of the Depression - and a rate far worse than we knew at the time. We were losing almost 800,000 jobs per month and the credit markets were completely frozen.

Teals of Wonder, it takes a special kind of rightwing bias to fail to see that the situation has improved.

Yeah we went from losing thousands of jobs to gaining hundreds of jobs. Historically that is the weakest recovery on record.

No, we went from losing 800,000 to gaining, on average, about 80,000 per month.

At the same point in Reagan's recovery we were gaining on average 1M jobs a month.
The weakest recovery in history.

 

[The Rabbi]

Better chart on job creation. Amazing what happens with a little perspective. The disaster that is Obama's presidency becomes clearer.

 

[G.T.]

Better chart on job creation. Amazing what happens with a little perspective. The disaster that is Obama's presidency becomes clearer.

That goes to 2009, you know, the year he was inaugurated?

 

[Teals_Of_Wonder]

But In General, Obama had to steal 4 trillion dollars from our kids to stop any bleeding,,,why didn't he just give all of us a tax free year? No Income Taxes for one year, instead of borrowing Billions in 2009 that he still is unable to pay back? god, they practically want to throw some people in jail for stealing a few million.

 

[Teals_Of_Wonder]

God who doesn't miss the good old decade of 1985-the clinton years? these times suck thanks to our modern day Castro choking small business.

 

[8537]

Yeah we went from losing thousands of jobs to gaining hundreds of jobs. Historically that is the weakest recovery on record.

No, we went from losing 800,000 to gaining, on average, about 80,000 per month.

At the same point in Reagan's recovery we were gaining on average 1M jobs a month.
The weakest recovery in history.

"at the same point in Reagan's recovery? How are you defining the timeframe of "Reagan's recovery? After the first or second recession?

 

[8537]

Better chart on job creation. Amazing what happens with a little perspective. The disaster that is Obama's presidency becomes clearer.

That chart is fucking hilarious - especially since it ENDS at about the same time Obama took office.

But you probably knew that and, being a fraud, didn't give a shit. Any lie that makes the black man in office look bad is good enough for you.

 

[Teals_Of_Wonder]

so how many small businesses in your home town have closed since 2009?

 

[Avorysuds]

Obama didn't stop anything, he prolonged it. All the charts and graphs show is Obama dumped Trillions on the markets and so numbers went up. As the stimulus ran out the numbers go back down but for the people in the middle class things only got worse. In the end the markets will crash unless another stimulus is done, this is Obama's new "jobs bill."

The prediction was Obama's stimulus and Bush/Obama's TARP would only prolong the problem, in the end the crash would happen only the next time you have the massive debt created from borrowing money and inflation from printing money.

It's reeeeeeeaaaaaaaaaaaaaaaallllllly simple stuff to understand. You can apply it to both Bush and Obama, it's not a partisan issue.

If there were no down side to spending or “investing” then why stop? Why not spend and “invest” more? Because deep down we all know the crash is inevitable.

 

[Avorysuds]

so how many small businesses in your home town have closed since 2009?

I'd say half or more.

 

[G.T.]

so how many small businesses in your home town have closed since 2009?

Do you know the failure rate of small businesses, in general, despite this downturn?

I guess you dont.

 

[Avorysuds]

What gets old is we have a single ideology fighting itself. Both Dem/Rep have grown Government in every area possible by leaps and bounds… When everything crashes both these parties and their supporters blame the other side, the only issue is both parties pass the same policies and NEVER repeal the other party’s policies that they ran off saying they would do, and won.

We are neither in a Depression nor a recession, yet times fucking suck, so what is going on? Well, people on the top found a new way to trick our definitions is all. Dump money on the markets and they go up, BLING, no more recession! Oddly every symptom of a recession (and a horrible one at that) lingers and in fact manages to get worse, yet we are technically out of the recession.

There was no possible “double dip recession” because we never left the first one… There was no saving us from a Depression because we are currently in a world depression. You can fuck with the numbers all you like but there is a reason why 80k jobs “created” in a month can make the UE number go down when it does not even keep up with people entering the work force from simply being born… It’s all fake.

 

[Avorysuds]

so how many small businesses in your home town have closed since 2009?

Do you know the failure rate of small businesses, in general, despite this downturn?

I guess you dont.

Yes... do you know the real UE rate?

 

[J.E.D]

Office of the Speaker? Really?
Yes, let's compare the last 2 months of Bush's tenure at the beginning of the meltdown with all of Obama's presidency.
The average UE rate under Bush was about 5%. What has been under Obama? And job loss was worse during the 2000 recession, but job creation was much better. That's why under the 2000 recession the UE rate didnt get above 6%, although that didnt stop the lib-tards from screaming about a jobless recovery.

How about we continue that UE chart out to last month on the right and backa couple of years to the left. Kinda tells a different story. Then go back in history and look at the UE charts coming out of most recessions since the war (WWII) and you'll see a much quicker recovery than this one.

We haven't had a recession this bad since the one that lead to the Great Depression (and economists now say that this recession was much worse than they thought back in 2008); so it's unfair to compare those recoveries to this one.