The Summer of Recovery, Part II

Discussion in 'Politics' started by CrusaderFrank, Jun 5, 2011.

  1. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Green Shoots! Shovel Ready! It's baccccccccccccccccck.

    Billions of jobs saved or created...coming to a theater near you!
     
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  2. tigerbob
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    tigerbob Increasingly jaded.

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    Dammit. I hate when a sequel comes out if I missed the original. :(
     
  3. uscitizen
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    uscitizen Senior Member

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    Proving or disproving that obama did or did not save jobs is closely akin to proving tax cuts creating jobs.
     
  4. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Except tax cuts actually work and we don't have to use the phony "jobs saved or created" metric
     
  5. B. Kidd
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    B. Kidd Gold Member

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    Ridin' on that bumpy road to wreckovery.
     
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  6. uscitizen
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    uscitizen Senior Member

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    Ok prove tax cuts create jobs. And how many.
     
  7. CrusaderFrank
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    CrusaderFrank Diamond Member

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    1920 and 1981. And its been repeated so many time you should know it like the days of the week by now and nobody ever used the "jobs saved or created" metric
     
  8. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Easy Peasy.

    When Reagan took office, Non-Farm employment was 91M. When he left office, it was 107M. That's a net increase of 16M jobs. And that's after enduring the increase in unemployment to cure double digit inflation.

    When Obama took office, non-farm employment was 133.6M. At the end of May, 23 months after the end of the recession, the number has decreased to 131.1M - a loss of 2.5M jobs since Obama took office, and a net increase of less than 600K jobs since the official end of the recession.

    The 1981-1982 recession ended in November, 1982. Over the following 23 months, the economy created 6.8 Million net new jobs.

    Compare Reagan's 6.8M net new jobs in 23 months with Obama's 600K jobs over 23 months.

    Which number is bigger?
     
    Last edited: Jun 5, 2011
  9. sparky
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    sparky VIP Member

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    Reagan took office on the upswing of Carter's resession

    the metric you people use to prove any potus good or bad for an economy constantly in flux is about as good as my saying you're not a patriot if you don't like Buck Owens
     
  10. tigerbob
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    tigerbob Increasingly jaded.

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    The impacts of economic policy are generally not known until several years after they are implemented.
     

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