• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Economists Agree That President Obama’s Economic Gains Are Remarkable

imyoda

DP Veteran
Joined
May 6, 2012
Messages
5,731
Reaction score
1,025
Location
Sarasota, Florida
Gender
Male
Political Leaning
Conservative
Economists Agree That President Obama’s Economic Gains Are Remarkable
Economists Agree That President Obama’s Economic Gains Are Remarkable



It’s really a best-case scenario. The economy consistently moving in the right direction with job growth that is pretty remarkable.

Republicans are proud to broadcast to the world how wonderful America is in one breath and decry how horrible it is with a Democrat in the Oval Office without ever skipping a beat. Their contradictory statements notwithstanding, they know America is thriving and the economic report released Friday proves it. But according to economic experts across the nation, there was more good economic news in the report than just another month of healthy job gains.

Although Americans still need a raise, something President Obama has called for since 2009, after years of economic desperation, American workers are finally regaining some of the ground they lost in the last Republican-created recession and the Republican-obstructed recovery that followed. According to the latest economic reports for March, under President Obama “companies have been hiring at a pace not seen before in this century, and wages are rising faster than inflation.” That was not the only good news.


ALSO SEE:
Employment Situation Summary
Forbes Welcome
Still strong: U.S. economy adds 242,000 jobs | FOX6Now.com
 

TobyOne

I am the pretty one.
DP Veteran
Joined
Jun 24, 2014
Messages
5,895
Reaction score
2,022
Gender
Undisclosed
Political Leaning
Undisclosed

Renae

DP Veteran
Joined
Aug 26, 2007
Messages
48,389
Reaction score
18,084
Location
San Antonio Texas
Gender
Female
Political Leaning
Conservative
Economists Agree That President Obama’s Economic Gains Are Remarkable
Economists Agree That President Obama’s Economic Gains Are Remarkable



It’s really a best-case scenario. The economy consistently moving in the right direction with job growth that is pretty remarkable.

Republicans are proud to broadcast to the world how wonderful America is in one breath and decry how horrible it is with a Democrat in the Oval Office without ever skipping a beat. Their contradictory statements notwithstanding, they know America is thriving and the economic report released Friday proves it. But according to economic experts across the nation, there was more good economic news in the report than just another month of healthy job gains.

Although Americans still need a raise, something President Obama has called for since 2009, after years of economic desperation, American workers are finally regaining some of the ground they lost in the last Republican-created recession and the Republican-obstructed recovery that followed. According to the latest economic reports for March, under President Obama “companies have been hiring at a pace not seen before in this century, and wages are rising faster than inflation.” That was not the only good news.


ALSO SEE:
Employment Situation Summary
Forbes Welcome
Still strong: U.S. economy adds 242,000 jobs | FOX6Now.com

PoliticusUSA was founded in February of 2008 by Jason Easley. Jason had a vision of a liberal and independent news site which would offer a mix politics and opinion in an unfiltered environment, not beholden to any specific political or media agenda.

I'm sure their views of things is truly unbiased. I really love these:
KOCH BLOCK IT
THE WAR ON WOMEN
RESEARCH
ABOUT US
PRIVACY POLICY
PRESIDENT OBAMA



Yep, sounds like the sort of site any True Conservative should go for news! Hell sounds like the sort of place only discerning, honest readers should go to! (BTW I get the "ironic" hipster thing you're doing with the "Conservative" schtick you got going)

We're in a recession, tens of millions are unemployed, tens of millions are on the Gov't Dole. Yep, we really are doing gangbusters after 7 years of Obamanomics!
 

KLATTU

DP Veteran
Joined
Jan 2, 2013
Messages
12,773
Reaction score
4,123
Gender
Undisclosed
Political Leaning
Conservative
Guess that proves it once and for all. Supply side works!
Obama wisely kept the Bush tax cuts in effect with a very small increase in the top rate .
 

Grim17

Battle Ready
DP Veteran
Joined
Jul 29, 2009
Messages
31,569
Reaction score
14,990
Location
Southwestern U.S.
Gender
Male
Political Leaning
Conservative
Economists Agree That President Obama’s Economic Gains Are Remarkable
Economists Agree That President Obama’s Economic Gains Are Remarkable



It’s really a best-case scenario. The economy consistently moving in the right direction with job growth that is pretty remarkable.

Republicans are proud to broadcast to the world how wonderful America is in one breath and decry how horrible it is with a Democrat in the Oval Office without ever skipping a beat. Their contradictory statements notwithstanding, they know America is thriving and the economic report released Friday proves it. But according to economic experts across the nation, there was more good economic news in the report than just another month of healthy job gains.

Although Americans still need a raise, something President Obama has called for since 2009, after years of economic desperation, American workers are finally regaining some of the ground they lost in the last Republican-created recession and the Republican-obstructed recovery that followed. According to the latest economic reports for March, under President Obama “companies have been hiring at a pace not seen before in this century, and wages are rising faster than inflation.” That was not the only good news.


ALSO SEE:
Employment Situation Summary
Forbes Welcome
Still strong: U.S. economy adds 242,000 jobs | FOX6Now.com

Here are 2 charts that show something quite different:

EtoPRatio.jpg

The Employment to Population Ratio is the ratio of the American workforce, to eligible workers. As you can see it's at a 30 year low. Since the statistic has been kept, it has always inversely followed the unemployment rate. That is to say, when the unemployment rate has gone up, it has gone down and when unemployment has gone down, it has gone up... That is, until the Obama recovery. When the unemployment rate shot up starting in 2008, the EP ratio plummeted just as expected. However, when the unemployment rate began it's steady 5 year decline starting in 2010, for the first time ever the EP ratio didn't follow suite. The reason is simple... The unemployment rate, for the first time in my life, does not reflect anywhere near the actual number of people who are out of work in the US. Which in reality is at a 30 year high.



familyIncome.jpg

So tell me... How can things be going so well, when the median family income has been in a near steady decline and is significantly lower today, than it was when Obama took office,?


.
 

joG

DP Veteran
Joined
Jul 27, 2013
Messages
43,839
Reaction score
9,638
Gender
Undisclosed
Political Leaning
Independent
Here are 2 charts that show something quite different:

View attachment 67199889

The Employment to Population Ratio is the ratio of the American workforce, to eligible workers. As you can see it's at a 30 year low. Since the statistic has been kept, it has always inversely followed the unemployment rate. That is to say, when the unemployment rate has gone up, it has gone down and when unemployment has gone down, it has gone up... That is, until the Obama recovery. When the unemployment rate shot up starting in 2008, the EP ratio plummeted just as expected. However, when the unemployment rate began it's steady 5 year decline starting in 2010, for the first time ever the EP ratio didn't follow suite. The reason is simple... The unemployment rate, for the first time in my life, does not reflect anywhere near the actual number of people who are out of work in the US. Which in reality is at a 30 year high.



View attachment 67199888

So tell me... How can things be going so well, when the median family income has been in a near steady decline and is significantly lower today, than it was when Obama took office,?


.

The important date to look at is probably 1989, when the country's situation changed radically. Now it takes time for economies and societies to travers to new optima and it happens in waves or cycles. This is part of what the graphs show. Society was set for Cold War and suddenly it was gone and left resources available. Lacking an enough large cut in fiscal spending we overshot into a series of bubbles that still plague development.
 

pinqy

DP Veteran
Joined
Dec 20, 2012
Messages
6,563
Reaction score
2,718
Location
Northern Virginia
Gender
Male
Political Leaning
Centrist
Here are 2 charts that show something quite different:

View attachment 67199889

The Employment to Population Ratio is the ratio of the American workforce, to eligible workers.
No, it's the ratio of Employed to the adult civilian non-institutional population. "workforce" is often used in place of "labor force," which is employed plus unemployed, and "eligible workers" is an undefined term.


As you can see it's at a 30 year low. Since the statistic has been kept, it has always inversely followed the unemployment rate. That is to say, when the unemployment rate has gone up, it has gone down and when unemployment has gone down, it has gone up... That is, until the Obama recovery. When the unemployment rate shot up starting in 2008, the EP ratio plummeted just as expected. However, when the unemployment rate began it's steady 5 year decline starting in 2010, for the first time ever the EP ratio didn't follow suite.
It didn't?
fredgraph.png



The reason is simple... The unemployment rate, for the first time in my life, does not reflect anywhere near the actual number of people who are out of work in the US.
It has never reflected that. It was never meant to. The UE rate has always been the percent of those who are doing something about work who are unsuccessful. A lager percent of retirement age people, and a larger number of disabled have muted the rise in the emp-pop ratio, but it has been going up.

Which in reality is at a 30 year high.
Only if you include people who don't want a job.


So tell me... How can things be going so well, when the median family income has been in a near steady decline and is significantly lower today, than it was when Obama took office,?

The most recent census data on median household income is from 2014...which is hardly "today."

Mean hourly and weekly wages have been going up since then.
 

imyoda

DP Veteran
Joined
May 6, 2012
Messages
5,731
Reaction score
1,025
Location
Sarasota, Florida
Gender
Male
Political Leaning
Conservative
I'm sure their views of things is truly unbiased. I really love these:
KOCH BLOCK IT
THE WAR ON WOMEN
RESEARCH
ABOUT US
PRIVACY POLICY
PRESIDENT OBAMA



Yep, sounds like the sort of site any True Conservative should go for news! Hell sounds like the sort of place only discerning, honest readers should go to! (BTW I get the "ironic" hipster thing you're doing with the "Conservative" schtick you got going)

We're in a recession, tens of millions are unemployed, tens of millions are on the Gov't Dole. Yep, we really are doing gangbusters after 7 years of Obamanomics!

Sorry the economic recovery passed you by...........
 

imyoda

DP Veteran
Joined
May 6, 2012
Messages
5,731
Reaction score
1,025
Location
Sarasota, Florida
Gender
Male
Political Leaning
Conservative
Here are 2 charts that show something quite different:

View attachment 67199889

The Employment to Population Ratio is the ratio of the American workforce, to eligible workers. As you can see it's at a 30 year low. Since the statistic has been kept, it has always inversely followed the unemployment rate. That is to say, when the unemployment rate has gone up, it has gone down and when unemployment has gone down, it has gone up... That is, until the Obama recovery. When the unemployment rate shot up starting in 2008, the EP ratio plummeted just as expected. However, when the unemployment rate began it's steady 5 year decline starting in 2010, for the first time ever the EP ratio didn't follow suite. The reason is simple... The unemployment rate, for the first time in my life, does not reflect anywhere near the actual number of people who are out of work in the US. Which in reality is at a 30 year high.



View attachment 67199888

So tell me... How can things be going so well, when the median family income has been in a near steady decline and is significantly lower today, than it was when Obama took office,?


.


That's why many favor the $15 per hour minimum wage increase the GOP has gone to lengths to let not happen...................Take your silly chart which don't prove squat.......except folks can make numbers say anything the want............

But then you want to argue against what REAL PROFESSIONAL economists say.................where did you get your doctorate from?
 

Fenton

DP Veteran
Joined
Nov 17, 2012
Messages
29,771
Reaction score
12,231
Gender
Male
Political Leaning
Conservative
That's why many favor the $15 per hour minimum wage increase the GOP has gone to lengths to let not happen...................Take your silly chart which don't prove squat.......except folks can make numbers say anything the want............

But then you want to argue against what REAL PROFESSIONAL economists say.................where did you get your doctorate from?

Jerry Brown Admits $15 Min Wage Bad; Signs Anyway - Breitbart
 

Mr Person

A Little Bitter
Supporting Member
DP Veteran
Monthly Donator
Joined
Oct 14, 2015
Messages
49,616
Reaction score
33,578
Location
Massachusetts
Gender
Male
Political Leaning
Other
Guess that proves it once and for all. Supply side works!
Obama wisely kept the Bush tax cuts in effect with a very small increase in the top rate .

Because that's the only thing that happened under Obama, the only thing he did. Keeping Bush tax cuts.



Way to demonstrate that supply-siders wouldn't know a clue if it bit them on the arse.
 

KLATTU

DP Veteran
Joined
Jan 2, 2013
Messages
12,773
Reaction score
4,123
Gender
Undisclosed
Political Leaning
Conservative
Because that's the only thing that happened under Obama, the only thing he did. Keeping Bush tax cuts.



Way to demonstrate that supply-siders wouldn't know a clue if it bit them on the arse.

I see my brilliant satire went right over your head.How many imes have heard from the person who started this post that supply side ' doesn't work" . (As if it something like that can be reduced to a a yes/no)
So if liberals (or conservatives) want to argue that the economy is good (or bad) , what is it that did the trick? We used a heavy dose of both Keynesian and supply side. Which worked Which didn't?
 
Top Bottom