The President with the worst average unemployment rate since World War II is?

Discussion in 'Politics' started by U2Edge, Jun 11, 2013.

  1. U2Edge
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    You call me an idiot, yet you keep coming back to my thread. Interesting! When the unemployment is low in any given month, the probability you will get a job is higher than if the unemployment rate was high. On average, the unemployment rate was lower while Bush was in office than Reagan, meaning it was easier to get a job. There are more help wanted signs when the unemployment rate is 5% than when it is 8%.
     
  2. antontoo
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    You are not improving on your position, which remains that it doesn't matter that a president walked into office amid Great Recession and walked out of it amid stable growth and full employment.

    It's a stupid position and that is where you are stuck. You are willing to play stupid to maintain a position you took for politico, not academic, reasons. Thankfully historians are not an obtuse bunch like that.

    Taking into account stark improvement in economy under a president IS NOT CHERRY-PICKING, the suggestion is ridiculous.
     
    Last edited: Jul 14, 2017
  3. U2Edge
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    Both Obama and Reagan experienced historic high unemployment during the first two years in office. Unemployment was less than 8% when Obama became President and is not a historic high. Obama also claimed unemployment would not go over 8%, but it did.
     
  4. U2Edge
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    Easier to do that when so many people are on the sidelines not working.
     
  5. antontoo
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    Only one of them experienced Great Recession - equivalency is false, they were different recessions, for different economic reasons. different responses on monetary policy side and correspondingly different recovery.
     
  6. U2Edge
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    There is nothing better than being at full employment or near full employment. There for, the struggle is staying at that point, not improving on it because that is impossible. Presidents would much rather prefer being at full employment or near full employment during their entire term than experience 10% unemployment and the struggle of fixing massive 10% unemployment.

    Its far better to maintain great physical condition, then to be suddenly overweight and have to lose 60 pounds. Sure, and Athletic person never loses all the weight that an out of shape person does when getting into shape, but that does not mean its good to become obese and then lose the weight. Far better to maintain near peak physical performance and ideal weight than to go through all that.
     
  7. U2Edge
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    Great recession is a political term, not an economic one. Both experienced recessions that produced 10.8% unemployment in Reagans case and 10% unemployment in Obama's case. That's a fact regardless of the reasons or any differences between the recessions.
     
  8. antontoo
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    Economists see it as the biggest recession since the Great Depression, that is why it is called Great.

    But ok, I give up, you win - Obama was an economic failure...like Reagan. Neither of those dunces can hold a candle to the genius that is Trump and his stellar, 100% objective, economic record of 4% unemployment.
     
    Last edited: Jul 14, 2017
  9. Faun
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    Well that's bullshit. Trump was handed an economy at full employment and the unemployment rate's been lower than Bush's average, yet he's already added about 2/3rds as many jobs in 5 months as Bush did in in 8 years.

    Bush comes in dead last in job growth of any president since Herbert Hoover. The only president to leave office with fewer private sector jobs since Herbert Hoover.
     
  10. Faun
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    But that's the point you don't understand. Most people had jobs early in his term because he was handed a strong economy. As he progressed, unemployment rose. It only came down as a result of the housing boom, a behemoth monster which both fueled the economy before destroying it.
     

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