Um try interpreting that data:
"The source of the numbers wasn’t hard to find. The U.S. Department of Labor’s
Bureau of Labor Statisticstracks employment numbers from month to month dating back to 1939.
The data from the last six months of the Bush administration supports Biden’s claim. A search of the job figures from July 2008 through January 2009 shows the country
lost 3.47 million jobs during that time, falling from
137 million from July 2008 to 133.6 million in January 2009, according to the bureau’s monthly count."
Joe Biden says 3.5 million jobs lost during Bush administration PolitiFact New Hampshire
Bureau of Labor Statistics Data
OK let's try this again...
A) you said: The Great Recession happened on his watch. 3 million jobs lost in his final 4 months!
Here again are his FINAL four MONTHS and these are MONTH ENDING Figures NOT beginning OK???
Aug employed 137,021,000
Sep employed 137,075,000 jobs : lost or gained: +54,000
Oct employed 137,368,000 jobs lost or gained +293,000
Nov employed 136,687,000 jobs lost or gained - 681,000
Dec employed 135,656,000 jobs lost or gained -1,031,000
So total jobs gained or loss was - 1,365,000 in the "FINAL 4 months"!!!! NOT 3 million!
Now let's go back to "six months record" OK???
Jun employed 138,612,000 jobs
Jul employed 137,131,000 jobs: lost or gained: -1,481,000
Aug employed 137,021,000 jobs: lost or gained: - 110,000
Sep employed 137,075,000 jobs : lost or gained: +54,000
Oct employed 137,368,000 jobs lost or gained +293,000
Nov employed 136,687,000 jobs lost or gained - 681,000
Dec employed 135,656,000 jobs lost or gained -1,031,000
So total jobs gained or loss was -2,956,000 in the "FINAL 6 months"!!!! NOT 3 million in 4 months!
View attachment 33783
6 months. Um okay then. Lol you'll take any victory you can get won't you? So now you agree Bush is a piece of shit?
The point is YOU exaggerated! As your ilk are wont to do!
You were wrong. That's the point!
As far as GWB a "piece of shit"....
Of course you totally ignore what caused those job losses right?
What do YOU attribute those job losses to?
Could it have been the Dot.com bust that cost 300,000 jobs?
Could it come from the 9/11 which costs nearly 2.5 million jobs?
Ongoing uncertainty about the war on terror has contributed to the loss of more than 2.5 million jobs in the 18 months following the Sept. 11, 2001 terrorist attacks, said John A. Challenger, CEO of Chicago-based Challenger, Gray & Christmas.
Job cuts in the 18 months before Sept. 11 tallied 1,642,988 positions lost. From Sept. 11 through the end of February, job losses totaled 2,523,217, an increase of 54%, or 880,988 jobs, Challenger said. The largest losses were in the transportation industry, where 226,674 jobs were eliminated, and the aerospace/defense sector, where 138,937 jobs were cut.
Job losses since 9 11 attacks top 2.5 million Computerworld
Could the 400,000 job losses come from Hurricanes??
You tell me what else happened that had a direct cost of jobs and businesses other then the above???
I really don't know much about the early 2000 recession so I am not going to have that discussion with you.
I do know the 2008 recession which was a hell of a lot worse was caused by a lack of regulation on several different levels as well as income inequality. A very complex issue. It's not some simple cookie cutter explanation that you like to pawn off "the democrats were warned 17 times to derp, derp, derp"
It's so sad you read a report by republicans and automatically believe it. No, Fannie alone could not have caused that shit storm. Any INDEPENDENT ECONOMIST will tell you that.
AND I NEVER concluded it was Fannie ALONE!!!! Again you make assumptions and have NO FACTS!
AGAIN... here are the culprits in the 2008 economic collapse!!!
AND YES GWB is one of the "culprits".....
Who contributed to the creation to the financial crisis and the ensuing economic crisis?
The following is a general answer followed by a section naming the key players:
Regulators who relaxed risk management regulations required by the banks and for not regulating derivative investments (please, see more specific details below)
The Federal Reserve Chairmen who dismissed the build-up of the housing bubble from 2002 to 2007 until it was too late. They did not take actions to regulate mortgage companies or control the housing bubble
World Central Bankers who blindly copied the US Federal Reserve Bank policies
World Financial Regulators who blindly copied US financial market models and regulations
World Investment Banks who sold subprime (high risk) mortgage backed securities to their customers without fully understanding them and who hired credit rating agencies to rate them as high quality investment when in fact they included high risk loans. The same banks who sold the subprime investments later bet against their own clients without disclosing the conflict of interest to their clients
Credit Rating Agencies who overrated junk securities as investment-grade quality and misled investors about the risk and the value of these investments
Academic and Financial Economists who ignored the warnings and misjudged macroeconomic and financial market indicators
Award-winning Economists who designed flawed risk pricing models
Investment Analysts who used flawed risk pricing models and asset portfolio theories
Wall Street Banking Executives who ignored internal risk management policies out of greed to increase revenues and their bonuses in the short term at the expense of long term stability of their companies
Wall Street Boards of Directors who did not protect their shareholders against excessive executive compensation and ignored prudent risk management strategies
Wall Street Advisors who did not do their homework before advising their clients on bad investments
Investment Fund Managers who lost billions of dollars investing without adequate due diligence
Mortgage Brokers who sold loans to unqualified borrowers in order to collect more commissions
Homebuyers who took loans they could not afford to pay back and blamed the banks for predatory lending
US Presidents for hiring former Wall Street lobbyists as government policy makers who bailed out the banks without regard to the moral hazard. By doing so, they shifted the burden on the taxpayers and risked the future of the national economy
US Supreme Court Justices who ruled that the government may not ban political spending by corporations in candidate elections thus tightening the grip of Wall Street on government officials and skewing the balance of power in favor of Wall Street and big companies.
The Financial Media who took no responsibility for promoting the illusions of a healthy housing sector and for not asking the right questions. Media outlets that favored a promotional business model at the expense of investigative journalism. In our research, we found a prevalent bias in allocating airwaves and print space to brand name experts. Most journalists and editors seem to ignore voices that are not well-known or those who have a story that do not fit their narrative or preconception. All we had to do is Google simple phrases like "US Economic Risks" to find a wealth of information that would raise so many critical questions. If equal media exposure was given to the voices that warned us about the housing bubble, the damage could have been mitigated.
Who is to Blame for the Financial Crisis and Ensuing Economic Crisis
SO YES GWB as a US President has a share of the blame.
But you are not a rationale objective person. You are looking to blame GWB for all the woes Obama inherited!
By the way are you aware of the role Obama played in 1995 in what created this subprime lender problem?
Before 1995 home loans were made to people that could make the mortgage payments.
In these lawsuits, ACORN makes a bogus claim of Redlining (denying poor people loans because of their ethnic heritage).
They protest and get the local media to raise a big stink.
This stink means that the bank faces thousands of people closing their accounts and get local politicians to lobby to stop the bank from doing some future business, expansions and mergers.
ACORN filed tons of these lawsuits and ALL of them allege racism.
Do you remember how we told you that the Democrats and groups associated with them leaned on banks and even sued to get them to make bad loans under the Community Reinvestment Act which was a factor in causing the economic crisis (see
HERE ) … well look at what some fellow bloggers have dug up while researching Obama’s legal career. Looks like a typical ACORN lawsuit to get banks to hand out bad loans.
In these lawsuits, ACORN makes a bogus claim of Redlining (denying poor people loans because of their ethnic heritage). They protest and get the local media to raise a big stink. This stink means that the bank faces thousands of people closing their accounts and get local politicians to lobby to stop the bank from doing some future business, expansions and mergers. If the bank goes to court, they will win, but the damage is already done because who is going to launch a big campaign to get the bank’s reputation back?
It is important to understand the nature of these lawsuits and what their purpose is. ACORN filed tons of these lawsuits and ALL of them allege racism.
Thanks to the IUSB Vision Weblog for providing additional details of this story.
We pulled the
docket down, but here’s a brief for your summary:
The parties voluntarily dismissed the case on May 12, 1998, pursuant to a settlement agreement.
Plaintiff’s Lawyers Alexis, Hilary I. (Illinois)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Childers, Michael Allen (Illinois)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Clayton, Fay (Illinois)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Cummings, Jeffrey Irvine (Illinois)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Love, Sara Norris (Virginia)
FH-IL-0011-9000
Miner, Judson Hirsch (Illinois)
FH-IL-0011-7500 | FH-IL-0011-9000
Obama, Barack H. (Illinois)
During his appearance before the judge, Obama said he would need more time to file a response to a motion, and the judge agreed.
His final bill on the case was 138 hours, or $23,000.
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Wickert, John Henry (Illinois)
FH-IL-0011-9000
UPDATED Obama Sued Citibank Under CRA to Force it to Make Bad Loans Media Circus
