Face The Facts: The President Inherited a Recession

[Procrustes Stretched]

1/10 of the argument addressed........

OK, so the great Bush economy nearly doubled the stable 3.9% UE rate Clinton passed on to Bush, to the steadily increasing 7.4% UE rate Bush passed on to Obama.

Obama increased unemplyoment over 30%, and when the democrats took over congress, they managed with Obama to increase the unemployment rate about 130%

Name the Obama policies that contributed to unemployment?

 

[QUENTIN]

Of course Obama absolutely inherited a massive recession he was not responsible for, there can be no honest doubt of that.

Obama's policies since, particularly the bailout, are wrongheaded as a response to the recession and there's a good chance they'll ultimately make it worse or lead to further recessions though and most importantly, don't address the fundamental institutional problems that caused the economic downturn.

To me, it's comparable to LBJ. He inherited Vietnam and isn't responsible for the clusterfuck there, but he's responsible for what he did to make it worse. For that matter, it's comparable to Obama and Afghanistan where the same thing is going on.

 

[CMike]

Obama took the unemployment rate from 7.4 to 9.9.

Blaming it on on Pres Bush doesn't work anymore.

What has he done?

He has tried to micromanage the economy, includibg banking, ensuring that banks won't risk loaning money anymore.

To the neo liberals what do you think Pres Bush has done?

 

[NYcarbineer]

1/10 of the argument addressed........

OK, so the great Bush economy nearly doubled the stable 3.9% UE rate Clinton passed on to Bush, to the steadily increasing 7.4% UE rate Bush passed on to Obama.

Obama increased unemplyoment over 30%, and when the democrats took over congress, they managed with Obama to increase the unemployment rate about 130%

That's idiocy and you know it. Or it's idiocy and you don't know it. Which is worse I'm not sure.

 

[NYcarbineer]

And Bush inherited a recession, 9/11, the tech bubble burst and a completely fucked up mortgage market... so?

BTW... at least Bush had the class to not blame Clinton at every turn for everything. Unlike the current whackjob man-child residing at Pennsylvania Ave.

Oh really?

"When I took office, our economy was beginning a recession," Bush said

Bush says he inherited recession - Aug. 7, 2002

BUSH: "In terms of the economy - look, I inherited a recession, I'm ending on a recession."

Samoa News|FACT CHECK: In final word, Bush gilds his record

 

[Douger]

Osama bin Bama puts his knee pads on any time a corporate master enters his area.
He's like all the rest of the fucking clowns in DC.
Pray for rain......in the form of ICBM's....... to " refresh" D.C. District of *****.
These assholes are destroying you and you aren't smart enough to see it.
You think times are bad now. Say your prayers. You aint seen nuttin yet.

 

[Intense]

OK, so the great Bush economy nearly doubled the stable 3.9% UE rate Clinton passed on to Bush, to the steadily increasing 7.4% UE rate Bush passed on to Obama.

Obama increased unemplyoment over 30%, and when the democrats took over congress, they managed with Obama to increase the unemployment rate about 130%

Name the Obama policies that contributed to unemployment?

Tax and spend.

Health care.

Multiplying the Deficit.

Bail outs.

Expansion of Government.

 

[NYcarbineer]

Obama increased unemplyoment over 30%, and when the democrats took over congress, they managed with Obama to increase the unemployment rate about 130%

Name the Obama policies that contributed to unemployment?

Tax and spend.

Health care.

Multiplying the Deficit.

Bail outs.

Expansion of Government.

Obama cut taxes. So you don't know what you're talking about there.

But that aside, tell us who got laid off because of the stimulus package spending.

 

[Claudette]

Osama bin Bama puts his knee pads on any time a corporate master enters his area.
He's like all the rest of the fucking clowns in DC.
Pray for rain......in the form of ICBM's....... to " refresh" D.C. District of *****.
These assholes are destroying you and you aren't smart enough to see it.
You think times are bad now. Say your prayers. You aint seen nuttin yet.

Yes Barry Boy inherited a mess. Problem is, he hasn't done much to try to solve the mess.

He was more concerned with passing his lefty loon HC bill which will now cost an additional 115 BILLION dollars than projected. BIG SURPRISE.

I think Doug is way right. YOu ain't seen nothin yet!!

 

[Intense]

Name the Obama policies that contributed to unemployment?

Tax and spend.

Health care.

Multiplying the Deficit.

Bail outs.

Expansion of Government.

Obama cut taxes. So you don't know what you're talking about there.

But that aside, tell us who got laid off because of the stimulus package spending.

Obama's increases haven't kicked in yet, not the obvious one's. We all know what will happen when they do. Government workers and Union Workers, will be the last to get hit though huh, so while the rest of us get fucked over, you might enjoy that exotic vacation sock puppet.

 

[NYcarbineer]

Tax and spend.

Health care.

Multiplying the Deficit.

Bail outs.

Expansion of Government.

Obama cut taxes. So you don't know what you're talking about there.

But that aside, tell us who got laid off because of the stimulus package spending.

Obama's increases haven't kicked in yet, not the obvious one's. We all know what will happen when they do. Government workers and Union Workers, will be the last to get hit though huh, so while the rest of us get fucked over, you might enjoy that exotic vacation sock puppet.

So you're answer is? You claim was that Obama CAUSED unemployment, not that in some imagined world of the unseen future he might someday cause unemployment.

So again, tell us who got laid off, and while you're at it, what was the net job loss caused by the stimulus package?

Be specific.

 

[Intense]

Obama cut taxes. So you don't know what you're talking about there.

But that aside, tell us who got laid off because of the stimulus package spending.

Obama's increases haven't kicked in yet, not the obvious one's. We all know what will happen when they do. Government workers and Union Workers, will be the last to get hit though huh, so while the rest of us get fucked over, you might enjoy that exotic vacation sock puppet.

So you're answer is? You claim was that Obama CAUSED unemployment, not that in some imagined world of the unseen future he might someday cause unemployment.

So again, tell us who got laid off, and while you're at it, what was the net job loss caused by the stimulus package?

Be specific.

You do well drinking your own Kool-Aid, but I'll pass. Your view is partisan, and it will remain that way through the crash. The straw man you all built, has a hold of the Government, the Media, the Banks, the Controller Class. The illusion is a fail NYCarbineer. Time is your enemy, reason and logic a supposed offense. Your statistics don't even include the most in need.
The integrity of your statistics always the first casualty my friend. Until you get the math right, the problem continues to multiply, continue on with your fabricated claims though, those that want to believe your crap will continue to do so. Let me know when you do realize the definition, necessity, purpose, and function of the Impartial Referee though, would you. Oh to be able to read between the lines.

WASHINGTON (Reuters) - The number of workers filing for jobless benefits fell only slightly last week, suggesting the unemployment rate will remain elevated even as recovery in the labor market builds steam.

Initial claims for state unemployment aid slipped 4,000 to 444,000 in the week to May 8, the Labor Department said on Thursday, maintaining this year's modest downward trend even as other job market indicators have shown major improvements.

Economists said the puzzling stickiness in claims, which they had expected to dip further to 440,000, underscored the challenges the labor market confronts as it heals from the severe beating it took during the worst recession since the 1930s.

"The labor market is clearly improving, but it has a long, long way to go before it gets to any semblance of normalcy," said Joseph LaVorgna, chief U.S. economist at Deutsche Bank Securities in New York.

Federal Reserve Chairman Ben Bernanke told a conference in Philadelphia that easing tight credit conditions for small businesses was critical to bringing down the unemployment rate, currently at 9.9 percent.

On Wall Street, stocks ended lower while prices for long-dated government bonds rallied. The U.S. dollar strengthened against the euro.

In a second report on Wednesday, the department said import prices increased 0.9 percent last month on higher petroleum costs after rising 0.5 percent in March. However, excluding the volatile petroleum category, prices were up only 0.3 percent, suggesting little inflationary pressure.

"In spite of higher commodity costs, prices for imported finished goods appear sluggish, suggesting firms' pricing power remains limited," said Anna Piretti, an economist at BNP Paribas in New York.

Although initial jobless claims are falling only slowly, other measures of the labor market -- including the government's closely-watched monthly employment count -- suggest job growth is gaining steam as businesses become more confident of the strength of the economic recovery.

Data released last Friday showed payrolls grew by 290,000 in April -- the biggest gain in four years -- but the unemployment rate rose from 9.7 percent in March.

Jobless Claims Signal Unemployment to Remain High - ABC News

 

[NYcarbineer]

Obama's increases haven't kicked in yet, not the obvious one's. We all know what will happen when they do. Government workers and Union Workers, will be the last to get hit though huh, so while the rest of us get fucked over, you might enjoy that exotic vacation sock puppet.

So you're answer is? You claim was that Obama CAUSED unemployment, not that in some imagined world of the unseen future he might someday cause unemployment.

So again, tell us who got laid off, and while you're at it, what was the net job loss caused by the stimulus package?

Be specific.

You do well drinking your own Kool-Aid, but I'll pass.]

In other words, your claim was baseless bullshit.

Again, tell us who got laid off or what was the net job loss CAUSED BY THE STIMULUS?

That was your claim, now back it up.

 

[Procrustes Stretched]

Obama took the unemployment rate from 7.4 to 9.9.

Blaming it on on Pres Bush doesn't work anymore.

What has he done?

He has tried to micromanage the economy, includibg banking, ensuring that banks won't risk loaning money anymore.

To the neo liberals what do you think Pres Bush has done?

a crisis demanded and businesses demanded the government intervene to save their asses,

 

[Procrustes Stretched]

Obama increased unemplyoment over 30%, and when the democrats took over congress, they managed with Obama to increase the unemployment rate about 130%

Name the Obama policies that contributed to unemployment?

Tax and spend.

Health care.

Multiplying the Deficit.

Bail outs.

Expansion of Government.

Bail outs? You mean the rescuing of the financial system contributed to unemployment? I thought it staved off a great depression. Maybe we were paying attention to different worlds in 2007-2008?

the rest of your list?

 

[Mr.Fitnah]

He didn't inherit anything , he campaigned to deal with the problems
His problem is he doesn't have any solutions .

 

[Procrustes Stretched]

Tax and spend.

Health care.

Multiplying the Deficit.

Bail outs.

Expansion of Government.

Obama cut taxes. So you don't know what you're talking about there.

But that aside, tell us who got laid off because of the stimulus package spending.

Obama's increases haven't kicked in yet, not the obvious one's. We all know what will happen when they do. Government workers and Union Workers, will be the last to get hit though huh, so while the rest of us get fucked over, you might enjoy that exotic vacation sock puppet.

you've avoided answering on numerous occasions. maybe you know you are wrong and can't man up?

 

[Procrustes Stretched]

He didn't inherit anything , he campaigned to deal with the problems
His problem is he doesn't have any solutions .

I agree. He campaigned to be boss. He gets blame. But only for what he is actually in charge of.

 

[oreo]

I have no doubt that Obama thought the job consisted of "flying around the world", bowing to everyone in sight and "Hail to the Chief" playing. The real aspects of the Job don't seem to interest him. The Job is a continuation since 1776. I hope we can all join hands, vote and relieve him of this burden ASAP.

There's not too many Presidents that HAVEN'T inherited a recession or at least had a down turn in the economy during their terms.

IT'S what they do to fix it that is important.

This admininstration has spent billions of tax payer BORROWED dollars to try and micro-manage this economy and it hasn't worked, in fact, it's gotten much worse--because NOW we have--according to the CBO--unsustainable debt.

Today, and under this admininstration each and every household in America owes $100K to the federal government and if it's not stopped it is estimated to be 170K by 2020. It won't be long until we look like GREECE.

No one can BORROW and SPEND their way to PROSPERITY.

 

[txlonghorn]

what did he think he was going to inherit? A big plane and a free golf pass all around the world?

If you can't stand the heat, you probably should keep your ass out of the kitchen.