The President with the worst average unemployment rate since World War II is?
Barrack Obama: 8.86%
Average Unemployment Rates For US Presidents since World War II:
01. Lyndon Johnson: 4.19%
02. Harry Truman: 4.26%
03. Dwight Eisenhower: 4.89%
04. Richard Nixon: 5.00%
05. Bill Clinton: 5.20%
06. George W. Bush: 5.27%
07. John Kennedy: 5.98%
08. George H.W. Bush: 6.30%
09. Jimmy Carter: 6.54%
10. Ronald Reagan: 7.54%
11. Gerald Ford: 7.77%
12. Barack Obama: 8.86%
Maybe it had something to do with inheriting a godam crash next to the worst one in the nation's history. Have you conveniently forgotten Bush and the absolute crash he had a few weeks before he left office in January?
Well, any President can blame all their problems on the previous President. Was it really Bush's fault that the crash happened, or was it deregulation prior to Bush ever coming into office. Thats another debate. What is beyond dispute though, is what the job market was like for the man on the street while each President was in office. Bush had an average unemployment rate of 5.27% while he was in office which means on average he was close to full employment nearly every month of his time in office and also with an average above 66% in the labor force participation rate. On average it was much easier to get a job or hold job while Bush was in office then it was while Obama was in office. Obama averaged 7.48% Unemployment throughout his time in office(one month left so the figure is not complete).
And the average unemployment rate is so meaningless, that Obama's average is lower than Reagan's; and many on the right consider Reagan a deity when it comes to creating jobs. Even worse, by averaging out the unemployment rate, you can't tell the difference between one president who starts with an unemployment rate of 12% and lowers it 1 point every year and leaves office 8 years later with an unemployment rate of 4% -- with a president who starts with an unemployment rate of 4% and leaves office 4 years later with an unemployment rate of 12%, increasing it by 2 points every year.
Statistically, they would have identical unemployment rate averages; only the former would be considered a jobs czar while the latter would be thrown out of office after 1 term.
8 years is a long time during which unemployment will rise and fall many times. Its a mistake to cherry pick two points in time so far away from each other and declare success or failure just based on that. Are the only important months of your life over the last 96 months, last November and that December from 8 years ago. Are you saying that your success's or failures in anything from 2015 don't matter?
No one cherry picks a students grades his first month in High School and his last month in High School to evaluate how they did. Every month in school or on the job matters and only fool would completely ignore 94 months out of a 96 month Presidency. A 96 month Presidency is enough time for both many economic success's and failures which heavily impact peoples lives but could totally be left out if you only look at month one and month 96.
Would you evaluate Lincolns performance as Commander and Chief or that of his Generals simply by the first month of the war and the last. You would actually completely ignore a battle like Gettysburg. Not a single mention of it, not even a footnote. I suppose World War II should be just about Pearl Harbor and the dropping of the Atomic Bombs on Japan. The fact that the United States fought and defeated Germany in between those two points is not relevant right?
The fact is, if you want to accurately look and evaluate anything, you have to consider ALL THE DATA. Simply looking at the first month of an administration and the last month of an administration does not do that!
No, it's not a mistake. As has been brought to your attention numerous times, a president starting with a high unemployment rate and ending with a low unemployment rate has done a better job than one doing the reverse, going from a low unemployment rate to a high unemployment rate. Even though thet could have the same average.
Averaging it out conceals that.
Bush's average unemployment rate is due to him starting at a low 4.2% and the housing bubble (which led to the collapse). Bush never got the unemployment rate lower than what he was given.
Averaging it out conceals that.
Clinton created 23 million jobs. Bush created 1 million (and they were all government jobs); yet Bush's average is only slightly higher than Clinton's.
Averaging it out conceals that.
Reagan created 16 million jobs. Obama created 11 million (15 million since the recovery). Bush created 1 million. Yet Bush's average is significantly lower than both Reagan and Obama.
Averaging it out conceals that.
Bush has the second worst record on job growth recorded in our country's history. He's only the second president (Hoover is the first) recorded to leave office with fewer private sector jobs than when he started.
Averaging it out conceals that.
So yeah, if your goal is to make Bush's record appear better than it actually was by concealing all of the above since his policies did nothing but hurt the economy, then yes, I can see why it's so important to you to average out the unemployment rate.
Averaging it out conceals that.