HAS ANYONE NOTICED THAT THE UE RATE HAS DROPPED SINCE THIS THREAD BEGAN?
"The
unemployment rate declined by 0.3 percentage point to 4.7 percent in May, "
http://www.bls.gov/news.release/pdf/empsit.pdf
So, no economist believes that full employment means 0% unemployment. Rather, it is generally close to 3%. And the best unemployment rate may be somewhat higher than that. So, if we are now at 4.7%, we are close to Optimal Unemployment.
So, it is now true that our current problem is not the ue rate, but the rate of pay. Average pay rates, in other words. Which have not raised to where they should have by now.
We have an anti business libsocialist in the White House. Does socialism make people richer or poorer?
View attachment 80441
According to ed, Obama was a socialist and bad for business. But the truth is, S&P up 157% and Business Profits up 182% with Employment up 8million jobs, and the ue rate down from 10% to 4.7% today. Looks like we better find another guy Ed calls a socialist.
Because the last republican administration created the worst recession since the Great Republican Depression of 1929.
Did you want to take a crack at explaining which Obama economic policy it was that led to the turn-around in the stock market? While your statistics look wonderful for Barry, Rshermr...the truth is...the American economy rebounded DESPITE his policies! If he'd gotten Cap & Trade as he'd wanted...if he'd been able to stop fracking like he wanted...our economy would be in much worse shape than it is right now. He should give thanks to the GOP for taking over the House in 2010 and stopping him and his progressive minions from doing some serious harm to the recovery.
Ah, got it. So only you, a con troll, knows what the truth is, eh. Is that what you did, me boy, take a "crack at it". Being a food services worker, you think we should take your drivel as expert? Because you are what, other than delusional? So it was the republicans who did nothing except vote against everything Obama brought forward who were to credit for his successful economy. Because you believe the con talking points?
So votes a conservative con troll who spends every free moment attacking democrats, 24/7/365. A con troll who only posts conservative talking points, but does not use links to proe his points, because he is ashamed of the bat shit crazy con web sites he uses.
What did he do? Should we take the suggestions of a con troll who pushes con talking points, or should we take the happy talk of politicians, or the negative talk of politicians? Or, perhaps, should we take the words of experts who study the facts? Complete with actual links?
How about the latter, actual facts which trolls hate:
"1. Ended the 2008 Recession
In February 2009, Congress approved Obama's
$787 billion economic stimulus package. It cut taxes,
extended unemployment benefits, and funded public works projects. The
recession ended six months later when
GDP growth turned positive. In just seven months,
ARRA pumped $241.9 billion to the economy, stirring growth to
a robust 3.9% by early 2010. By March 30, 2011, nearly all ($633.5 billion) of the funds were spent.
2. Received 2009 Nobel Peace Prize
Obama won the Nobel Peace Prize in March 2010. The Committee lauded "..
his extraordinary efforts to strengthen international diplomacy and cooperation between peoples." He promised to withdraw U.S. ground troops from Iraq and take steps to arrest climate change. Most important, he promised to reduce the number of nuclear weapons. (Source: "Inspires Hope for a Better Future," Nobel Peace Prize 2009)
The Committee used the award to support for Obama's vision of peace rather his accomplishments. Since then, Obama withdrew troops from Iraq in 2011. He announced
carbon reduction regulations in 2014 and signed a
global climate accord in 2015. He has
reduced the U.S. nuclear warhead stockpile by 10 percent. His team negotiated a
deal with Iran to control its ability to build nuclear weapons.
3. Reformed Health Care
On March 23, 2010,
Obamacare revolutionized healthcare. Six months later, concerns over the program's cost helped Republicans win control of the
House of Representatives in the mid-term elections. Why did
healthcare need to be reformed? Rising costs threatened to outstrip Medicare's ability to pay for it, and contributed to 50% of all bankruptcies. The quality of care was one of the worst in the world. For more on the story behind
Obama's Plan to Reform Healthcare.
By 2014, the economy benefited from having 95% of the population on health insurance.That should reduce the number of emergency visits to the hospital and lower costs. Bankruptcies should decline since medical costs are the number one cause. For more, see see
Obamacare Pros and Cons.
4. Regulated the Big Banks
In July 2010, the
Dodd-Frank Wall Street Reform Act improved regulation of eight areas that led to the financial crisis. The
Consumer Financial Protection Agency improved regulation of credit cards and mortgages. The Financial Stability Oversight Council regulated
hedge funds and
banks that became
too big to fail. The "
Volcker Rule" banned banks from being too involved
with hedge funds. Dodd-Frank clarified which agencies regulated which banks, stopping banks from cherry-picking their regulator.
6. Eliminated bin Laden Threat and Ended Iraq and Afghanistan Wars
On May 1, 2011, Navy Seals attacked the al Quaeda leader's compound in Pakistan and eliminated Osama bin Laden. Later that year, Obama ended the
Iraq War. However, renewed threats from ISIS meant renewed military presence. For more, see
Will It Ever End? How the Sunni-Shiite Split Affects the U.S. Economy.
In 2014, Obama wound down the War in Afghanistan. He increased
defense spending to new record levels, partly by improving care and benefits for veterans. Ending the wars in Iraq and Afghanistan should have reduced the more than
$800 billion in annual military spending. That's the largest
discretionary budget item. It's one of the leading causes of the
budget deficit and debt levels. Instead, it remained higher than during the Bush Administration. For more, see
War on Terror Costs.
7. International Climate Agreement
Obama led global efforts to reach the
International Climate Agreement. It was negotiated in Paris on December 12, 2015. Countries agreed to reduce carbon emissions and increase carbon trading. Members agreed to limit global warming to 3.6 degrees Fahrenheit above pre-industrial temperatures. Developed countries will contribute $100 billion a year to assist emerging markets. Many of them bear the brunt of damage from typhoons, rising sea levels, and droughts. At least 55 of the 196 countries participating must now ratify the agreement before it can go into effect. (Source: "
Climate Agreement Best Chance We Have to Save the Planet," CNN, December 14, 2015)"
What Has Obama Done? 11 Major Accomplishments
So, there are a few, complete with a link. It is not as cool as you believe the re
publican meeting on his inauguration eve was. You know, the one where republicans pledged to do all necessary to keep Obama from being a two term president, and to block every single piece of legislation he brought forward to help in mitigating the effects of the great republican recession of 2008. And it was not as cool as the republican determination to never bring forward a single bill to help Which all con trolls, like Oldstyle, blindly followed and supported.
Got an economic argument? Or do you just go forward posting bat shit crazy con talking points?
