It spiked prior to the stimulus package being implemented and as a result of the financial meltdown. Once the stimulus package was put into place..UE has steadily gone down.
My facts are "straigth". Straight even.
The facts are that unemployment is still HIGHER than when Obama took office. That is a fact.
Well true.
The other fact is..that the Bush numbers were incorrect about the graveness of the debt and deficit and had to be revised.
Of course you won't acknowledge that.
You guys won't even acknowledge what a mess Bush left.
But lets look at the facts.
Bush came in with a surplus (again..you guys don't acknowledge that) and a minor recession that had basically worked itself out. The DotComs which went bust were largely cleared and the major problem was there was ALOT of telecommunications gear out there going for bargain basement prices. This hurt the major tech firms. So what did Bush do? Instead of spending on infrastructure..and easing the impact..he gave a huge tax cut to the rich. Then..he lowered interest rates to zero..which encouraged taking out loans. Of course he knew that was going to fire up the construction industry. Then, after 9/11..instead of a short fast war in Afghanistan..he decided to go for a long protracted war in Iraq..to justify defense spending. With 2 wars going..and public sector hiring going up..as well as the construction industry over building..of course things looked rosy. That came along with staving regulators of funding..because..heck..why would you want them watching people bundling sub prime derivatives.
The Bush administration had plenty of warning too..and didn't act on it.. Well..not until people like Eliot Spitzer threatened to sue the Federal Government. And even then? What happened? Aside from the loss of some companies, like Arthur Anderson and Enron? Not much.
So the fake, unpaid for, economy collapsed in 2008..and it was almost a decade worth of damage.
Which left Obama..what? Three years to clean up the mess?
You guys are rich..