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If Obama's results on unemployment are as bad as you say, what does that say about every other Republican president going back to Hoover since they all performed worse than Obama up until this point, except for Reagan, who has performed the same as the unemployment rate increased by ½ a point during his first 36 months in office...
Here's a list of presidents, along with the percentage of increase, or decrease, of the U3 unemployment rate after 36 months in office...
Nixon +2.4 +71% Ford* +2.0 +36% GHW Bush +1.9 +35% Bush +1.5 +36% Eisenhower +1.1 +38% Reagan +0.5 +7% Obama +0.5 +6% Kennedy** -1.2 -14% Carter -1.2 -16% Clinton -1.7 -23% Johnson -2.1 -37%
* = Ford was in office 29 months
** = Kennedy was in office 34 months
Bureau of Labor Statistics Data
Yes, that was my point but obviously I wasn't clear. Let me try to explain more clearly. Since I don’t know what the specific rates were relevant to your table I can only presume, which should be sufficient to clarify the point. If the UE rate was 4.16% under GWB and had a 1.5% increase (to 5.6%) that would be a 35% increase in unemployment but both 4.16% and 5.6% would be outstanding. Conversely if under BHO the UE IS 7.5% a change of .5% up (to 8.0%) would be an increase of 6.6% but both 7.5 and 8.0 would be crappy.
See?
Let's face reality, U3 stats don't apply to these times. Bush and the Republicans toasted this economy and left it in free fall, when Obama took over. We're lucky we didn't get Great Depression II. Our economy is limping back, because Republican obstructionism is stopping the opportunities to fix it quickly. The Republicans know they screwed the economy up and how they did it, but that doesn't stop them from trying to blame others and telling others to learn how to take responsiblity. When you're totally dedicated to hypocisy, what choice do you have?
Let's face reality, U3 stats don't apply to these times. Bush and the Republicans toasted this economy and left it in free fall, when Obama took over. We're lucky we didn't get Great Depression II. Our economy is limping back, because Republican obstructionism is stopping the opportunities to fix it quickly. The Republicans know they screwed the economy up and how they did it, but that doesn't stop them from trying to blame others and telling others to learn how to take responsiblity. When you're totally dedicated to hypocisy, what choice do you have?
Didn't recall the Republicans being in charge of the economy in December 2007 when the economy went in recession but do recall them holding control of Congress from January 2007 to January 2011. Also don't recall the legislation that obama implemented that brought us back from the brink of depression so please enlighten us all. It would also be very helpful to explain why the recovery from that recession was so poor and the worst in U.S. History.
you keep saying the Republicans are placing blame so tell me how the Republicans with no control of Congress from 2007-2011 were in position to implement anything thus blame anyone else. Thanks in advance.
I will be running away as I have no interest in discussing anything with you.
The Obama results which obviously you have no interest in seeing show that indeed the economic numbers are mostly worse but let's face it Obama is a better singer and campaigner than anyone running against him. He sure has you fooled.
In 1999-2000, yes.
Read the thread, I never advocated that method for determining fiscal deficits. That was your buddy Karl.
Not at all, I know Obama didn't cause the downturn and isn't totally responsible for the recession but we do know that he is responsible for the dismal recovery and lack of leadership. Really is quite shocking how little liberals on this thread know about leadership and the responsibilities of a leader.
Okay. Then 9/11 was the Republican's fault. I think most people would rather have a recession on their conscience than the deaths of thousands, so the Dems win. Thanks for playing, better luck next time :mrgreen:Didn't recall the Republicans being in charge of the economy in December 2007 when the economy went in recession but do recall them holding control of Congress from January 2007 to January 2011. [...]
fourth quarter growth of 2.8 % compared to 1.8 % the previous quarter, 243000 new jobs created. Kinda looks to me that were on the verge of breaking into the 7,s(unemployment rate) before next Nov.then you have the clown parade the republicans put forth…Looks to me like another four for Obama.:thumbs:
It must be sad to be a republican and see the 2012 election slipping away because no one would step up but the clown show.it shoulda been a shoo in for them this time.
Now excuse me, i have a super bowl to watch and a couple of bottles of Kendall Jackson chilling...Go Giants.:2wave:
fourth quarter growth of 2.8 % compared to 1.8 % the previous quarter, 243000 new jobs created. Kinda looks to me that were on the verge of breaking into the 7,s(unemployment rate) before next Nov.then you have the clown parade the republicans put forth…Looks to me like another four for Obama.:thumbs:
It must be sad to be a republican and see the 2012 election slipping away because no one would step up but the clown show.it shoulda been a shoo in for them this time.
Now excuse me, i have a super bowl to watch and a couple of bottles of Kendall Jackson chilling...Go Giants.:2wave:
fourth quarter growth of 2.8 % compared to 1.8 % the previous quarter, 243000 new jobs created. Kinda looks to me that were on the verge of breaking into the 7,s(unemployment rate) before next Nov.then you have the clown parade the republicans put forth…Looks to me like another four for Obama.:thumbs:
It must be sad to be a republican and see the 2012 election slipping away because no one would step up but the clown show.it shoulda been a shoo in for them this time.
Now excuse me, i have a super bowl to watch and a couple of bottles of Kendall Jackson chilling...Go Giants.:2wave:
Okay. Then 9/11 was the Republican's fault. I think most people would rather have a recession on their conscience than the deaths of thousands, so the Dems win. Thanks for playing, better luck next time :mrgreen:
It sure doesn't take a lot to impress you and to claim we are recovering. Check out the GDP growth 36 months after we came out of any other recession in history. What economic policy did the do nothing Congress and Obama implement that led to those numbers? 1.8% growth was the average for the year and that is half of what it was in 2010. Doubt that you care about the facts. Obama loves having people like you supporting him
You’re screwm. And the Giants won…all is good with the universe.:mrgreen:
Progressives have a way of spending everyone else's money. What are you going to do when you run out of someone else's money to spend?
What other recession in history was left to a President with an economy In as bad a shape as this one was? The only thing that comes close is when Hoover left FDR the great Depression.
Again, forget the percentages. The rates were relative from when each respective president took office up until their 36th month in office -- same as Obama. And regardless of what the rate was when each one took office, it increased more under every single Republican president than Obama with the lone exception of Reagan, who saw the same0.5 point increase as Obama. I also note that Obama was the only Democrat president to even have the unemployment rate increase after 36 months in office, but then again, no other president except for FDR was handed an economy which lost 8 million jobs in 18 months.Yes, that was my point but obviously I wasn't clear. Let me try to explain more clearly. Since I don’t know what the specific rates were relevant to your table I can only presume, which should be sufficient to clarify the point. If the UE rate was 4.16% under GWB and had a 1.5% increase (to 5.6%) that would be a 35% increase in unemployment but both 4.16% and 5.6% would be outstanding. Conversely if under BHO the UE IS 7.5% a change of .5% up (to 8.0%) would be an increase of 6.6% but both 7.5 and 8.0 would be crappy.
See?
Nixon | +2.4 | +71% |
Ford* | +2.0 | +36% |
GHW Bush | +1.9 | +35% |
Bush | +1.5 | +36% |
Eisenhower | +1.1 | +38% |
Reagan | +0.5 | +7% |
Obama | +0.5 | +6% |
Kennedy** | -1.2 | -14% |
Carter | -1.2 | -16% |
Clinton | -1.7 | -23% |
Johnson | -2.1 | -37% |
What does that have to do with the unemployment rate rising more under all of the Republican presidents except for Reagan? I understand the right wants to elect a Republican over Obama but the record shows that unemployment is worse when they are elected president.Because Obama promised to bring Unemployment down quickly with all the tax money he was spending---IE his programs and monetary policy did not work as advertised and now we have a mountain of debt with the same economic conditions in terms of unemployment. Thats the problem. Obama isnt going to run on his recordHes going to run on a narrative about Romney. Its all going to be about framing and narratives.
Republicans were in charge while the housing market was ballooning out of control which led to the financial collapse while Democrats were in charge.Didn't recall the Republicans being in charge of the economy in December 2007 when the economy went in recession but do recall them holding control of Congress from January 2007 to January 2011.
Just to clarify, that would be "we" as in "Conservatives."If you're right; we're screwed.
Since we've never had a recession which lost 8 million to unemployment, 12 million to underemployment, 5.1% of GDP, and 50% of stock market valuation, comparing to other recessions couldn't be more meaningless. The closest economy you can compare that too would be the Great Depression, which of course, was worse. But then, that's why it's called the Great Recession.It sure doesn't take a lot to impress you and to claim we are recovering. Check out the GDP growth 36 months after we came out of any other recession in history. What economic policy did the do nothing Congress and Obama implement that led to those numbers? 1.8% growth was the average for the year and that is half of what it was in 2010. Doubt that you care about the facts. Obama loves having people like you supporting him
Kinda weird you phrase it thusly.
Roosevelt attacked Hoover for "reckless and extravagant" spending, of thinking "that we ought to center control of everything in Washington as rapidly as possible." Roosevelt's running mate, John Nance Garner, accused the Republican of "leading the country down the path of socialism".
Even so, New Dealer Rexford Tugwell later remarked that although no one would say so at the time, "practically the whole New Deal was extrapolated from programs that Hoover started."
Herbert Hoover - Wikipedia, the free encyclopedia
Sounds vaguely similar to the same things being said and happening today…déjà vu?
Again, forget the percentages. The rates were relative from when each respective president took office up until their 36th month in office -- same as Obama. And regardless of what the rate was when each one took office, it increased more under every single Republican president than Obama with the lone exception of Reagan, who saw the same0.5 point increase as Obama. I also note that Obama was the only Democrat president to even have the unemployment rate increase after 36 months in office, but then again, no other president except for FDR was handed an economy which lost 8 million jobs in 18 months.
Here's a list of presidents, along with the increase, or decrease, of the U3 unemployment rate after 36 months in office...
* = Ford was in office 29 months
Nixon
+2.4
+71%
Ford*
+2.0
+36%
GHW Bush
+1.9
+35%
Bush
+1.5
+36%
Eisenhower
+1.1
+38%
Reagan
+0.5
+7%
Obama
+0.5
+6%
Kennedy**
-1.2
-14%
Carter
-1.2
-16%
Clinton
-1.7
-23%
Johnson
-2.1
-37%
** = Kennedy was in office 34 months
Bureau of Labor Statistics Data
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