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Worst day since 2008 financial crisis

Conservative said:
2001 137778
2002 135701
2003 137417
2004 138472
2005 140245
2006 143142
2007 146032
2008 146421
2009 142221
2010 138333
2011 139323

Looks to me like a net job gain for Bush 137.7 to 142.2 whereas Obama has a net job loss of 142.2 to 139.3. Correct me where I am wrong?
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Now factor in the number of jobs lost over that period ...

January, 2001: 6,324,000
January, 2009: 12,718,000

An increase to unemployed + discouraged of 6,394,000.

Pretty much explains why the unemployment rate doubled under Bush, doesn't it?
 
Conservative said:
Wow, and with a Democrat Congress in 2008, now how can that be? Bush did all that damage all by himself?
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No, Bush had help from a Republican Congress ...

"Thanks to our policies, home ownership in America is at an all-time high." ~ George Bush, 9.2.2004, RNC acceptance speech​
 
Sheik Yerbuti said:
Now factor in the number of jobs lost over that period ...

January, 2001: 6,324,000
January, 2009: 12,718,000

An increase to unemployed + discouraged of 6,394,000.

Pretty much explains why the unemployment rate doubled under Bush, doesn't it?
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I just cannot explain how in a growing population that the number of jobs dropped over the past 2 1/2 years. Please explain that to me?
 
Sheik Yerbuti said:
No, Bush had help from a Republican Congress ...

"Thanks to our policies, home ownership in America is at an all-time high." ~ George Bush, 9.2.2004, RNC acceptance speech​
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Oh, I see, there wasn't a Democrat Congress in 2007-2008. Thanks for clearing that up. Please let the Govt. know they were wrong and you are right
 
The Prof said:
may 20:



Job creation limps along after recession - USATODAY.com

stimulus, anyone?

qe?
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The article you posted explains why ...

This unique recession has been particularly unfriendly to job-seekers, experts say. "There was too much employment in housing, and that isn't coming back — and frankly shouldn't come back," says Amar Bhide, a Tufts University professor.

The housing collapse and productivity gains on the factory floor have made it hard for the economy to absorb workers without a college degree and young people generally, says Carl Camden, president of Kelly Services, a global staffing firm. Manufacturers are producing more value than ever in the USA with a fraction of the workers needed before, he says.​





"Thanks to our policies, home ownership in America is at an all-time high." ~ George Bush, 9.2.2004, RNC acceptance speech
​
 
Conservative said:
Oh, I see, there wasn't a Democrat Congress in 2007-2008. Thanks for clearing that up. Please let the Govt. know they were wrong and you are right
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No, you don't see. If you could see, you would see the damage caused in 2003, 2004, 2005, and 2006 while Republicans controlled the Congress and did nothing to add oversight to the GSE's. By the time Democrats took over in 2007, the damage was already done; the Titanic was already sinking. They were on the wrong side too and also did nothing but how on Earth do you blame Democrats who were only in charge for 11 months when Bush's Great Recession began but not Republicans, who were in charge for 12 years prior to that? Including, and especially, the 4 years between 2003 and 2006 when the housing bubble was ballooning completely out of control.
 
Sheik Yerbuti said:
No, you don't see. If you could see, you would see the damage caused in 2003, 2004, 2005, and 2006 while Republicans controlled the Congress and did nothing to add oversight to the GSE's. By the time Democrats took over in 2007, the damage was already done; the Titanic was already sinking. They were on the wrong side too and also did nothing but how on Earth do you blame Democrats who were only in charge for 11 months when Bush's Great Recession began but not Republicans, who were in charge for 12 years prior to that? Including, and especially, the 4 years between 2003 and 2006 when the housing bubble was ballooning completely out of control.
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You are so correct, Al Gore and John Kerry would have been much better, spent more money, and helped create that liberal utopia that you seem to think exists somewhere else in the world. Noticed that Obama has been in office for over 2 1/2 years and yet even with an open checkbook, 4 trillion added to the debt there still isn't that liberal utopia here. In fact the economic numbers continue to decline as there are more unemployed today, fewer people working, very low economic growth, and a downgrade of our credit rating. Didn't Obama inherit an AAA credit rating?
 
Conservative said:
I just cannot explain how in a growing population that the number of jobs dropped over the past 2 1/2 years. Please explain that to me?
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Do you understand this?

U6 unemployment rate:

Jan-2001: 7.3%
Jan-2009: 14%
92% increase

Jan-2009: 14%
Jul-2011: 16.1%
15% increase
 
Sheik Yerbuti said:
Do you understand this?

U6 unemployment rate:

Jan-2001: 7.3%
Jan-2009: 14%
92% increase

Jan-2009: 14%
Jul-2011: 16.1%
15% increase
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After having 4 trillion added to the debt and spending over a trillion dollars on stimulus one would think that the U-6 would be dropping not rising. How do you explain thse numbers 2 1/2 years after Obama took office? Don't you get tired of carrying the water for this empty suit and supporting these kind of numbers?

Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!

Doesn't it make you wonder if the credit downgrade was worth it? Didn't obama inherit a AAA rating from Bush?
 
Sheik Yerbuti said:
No, you don't see. If you could see, you would see the damage caused in 2003, 2004, 2005, and 2006 while Republicans controlled the Congress and did nothing to add oversight to the GSE's. By the time Democrats took over in 2007, the damage was already done; the Titanic was already sinking. They were on the wrong side too and also did nothing but how on Earth do you blame Democrats who were only in charge for 11 months when Bush's Great Recession began but not Republicans, who were in charge for 12 years prior to that? Including, and especially, the 4 years between 2003 and 2006 when the housing bubble was ballooning completely out of control.

Conservative said:
You are so correct, Al Gore and John Kerry would have been much better, spent more money, and helped create that liberal utopia that you seem to think exists somewhere else in the world. Noticed that Obama has been in office for over 2 1/2 years and yet even with an open checkbook, 4 trillion added to the debt there still isn't that liberal utopia here. In fact the economic numbers continue to decline as there are more unemployed today, fewer people working, very low economic growth, and a downgrade of our credit rating. Didn't Obama inherit an AAA credit rating?
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Two things immediately jump out from your post ...

One ... your post doesn't disprove anything I said, and ...

two ... your post doesn't even address anything I said.

Are you paying attention, Gramps?
 
Sheik Yerbuti said:
Two things immediately jump out from your post ...

One ... your post doesn't disprove anything I said, and ...

two ... your post doesn't even address anything I said.

Are you paying attention, Gramps?
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Living in the past and distorting the record of the past serves no purpose either. Obama inherited a AAA rating from Bush and saw it downgraded. Obama inherited a 10.4 trillion dollar debt and increased it. Obama inherited 142.2 million working Americans and reduced it. Obama inherited 12.6 million unemployed and increased it. Obama inherited a high U-6 employment number and increased it. yes, that Obama record today is something liberals can be proud of. I really wonder if 25 million unemployed and under employed Americans are happy to know that the percentage change in total unemployment is less than Bush had?

Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!
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Conservative said:
After having 4 trillion added to the debt and spending over a trillion dollars on stimulus one would think that the U-6 would be dropping not rising. How do you explain thse numbers 2 1/2 years after Obama took office? Don't you get tired of carrying the water for this empty suit and supporting these kind of numbers?

Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!

Doesn't it make you wonder if the credit downgrade was worth it? Didn't obama inherit a AAA rating from Bush?
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Seems that Republicans are going to have to figure that one out ...

The debate over raising the debt ceiling, which brought the nation to the brink of default, has sent disapproval of Congress to its highest level on record and left most Americans saying that creating jobs should now take priority over cutting spending, according to the latest New York Times/CBS News poll.

A record 82 percent of Americans now disapprove of the way Congress is handling its job -- the most since The Times first began asking the question in 1977, and even more than after another political stalemate led to a shutdown of the federal government in 1995. More than four out of five people surveyed said that the recent debt ceiling debate was more about gaining political advantage than about doing what is best for the country. Nearly three-quarters said that the debate had harmed the image of the U.S. in the world.​
 
Conservative said:
Living in the past and distorting the record of the past serves no purpose either.
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Nonsense. The economy under Obama didn't just materialize out of thin air. It was years in the making. If you ignore what Bush and Republicans did to this nation, you only condemn the nation to even more harm by them and their policies.
 
today:

A stunning new survey gives the president a negative approval rating in the Empire State for the first time, with just 45 percent approval and 49 percent disapproval among voters, according to the latest Quinnipiac University poll.

That's a sharp turnaround from June, when Obama's New York popularity was a healthy 57-38.

"The debt-ceiling hullabaloo devastated Obama's numbers even in true-blue New York," said Maurice Carroll, director of the Quinnipiac University Polling Institute.
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NY turns on Obama, says Quinnipiac University poll - NYPOST.com
 
Sheik Yerbuti said:
Seems that Republicans are going to have to figure that one out ...

The debate over raising the debt ceiling, which brought the nation to the brink of default, has sent disapproval of Congress to its highest level on record and left most Americans saying that creating jobs should now take priority over cutting spending, according to the latest New York Times/CBS News poll.

A record 82 percent of Americans now disapprove of the way Congress is handling its job -- the most since The Times first began asking the question in 1977, and even more than after another political stalemate led to a shutdown of the federal government in 1995. More than four out of five people surveyed said that the recent debt ceiling debate was more about gaining political advantage than about doing what is best for the country. Nearly three-quarters said that the debate had harmed the image of the U.S. in the world.​
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Do you really think that the people of my district care about yours or anyone else's? Congressional poll numbers are a waste of time for it is all about your local Rep. Keep ignoring the Obama results. Didn't he inherite a AAA credit rating from Bush?

Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!
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Sheik Yerbuti said:
Nonsense. The economy under Obama didn't just materialize out of thin air. It was years in the making. If you ignore what Bush and Republicans did to this nation, you only condemn the nation to even more harm by them and their policies.
Click to expand...

He spent enough money and got the following results.Didn't he inherit a AAA credit rating from Bush?

Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!
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Sheik Yerbuti said:
Keep reading ...

But according to Quinnipiac, Obama in his re-election bid next year would still take 49 percent of the vote in New York state versus a generic GOP challenger's 34 percent.​
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Yep, liberals have no interest in actual results, just the smile and the rhetoric. 49% in NY? LOL

Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!
 
Conservative said:
He spent enough money and got the following results.Didn't he inherit a AAA credit rating from Bush?
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Yes along with -9% GDP, 22 million underemployed, 14% unemployment rate, a $1.2 trillion deficit, 11 trillion in debt, a housing crisis, a mortgage crisis, a credit crisis, a stock market in free fall, and a monster recession which lost 8 million jobs and over 5% in GDP.
 
Sheik Yerbuti said:
Yes along with -9% GDP, 22 million underemployed, 14% unemployment rate, a $1.2 trillion deficit, 11 trillion in debt, a housing crisis, a mortgage crisis, a credit crisis, a stock market in free fall, and a monster recession which lost 8 million jobs and over 5% in GDP.
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As has been pointed out, Obama took the unemployment number and increased it, he took the labor force and reduced it. Obama took the 10.4 trillion debt and increased it. Yes, those are numbers that you must be very proud of and he did it with a Democrat Congress
 
Sheik Yerbuti said:
Cries a Conservative who doesn't care about results, just the letter "R" after a candidate's name.



:violin
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Results don't matter to a liberal unless it is a Republican. Wonder what your comments would be today if these numbers belonged to a Republican? Didn't Obama inherit a AAA credit rating?

Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!
 
Conservative said:
After having 4 trillion added to the debt and spending over a trillion dollars on stimulus one would think that the U-6 would be dropping not rising. How do you explain thse numbers 2 1/2 years after Obama took office? Don't you get tired of carrying the water for this empty suit and supporting these kind of numbers?

Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!

Doesn't it make you wonder if the credit downgrade was worth it? Didn't obama inherit a AAA rating from Bush?
Click to expand...

In 2008 Bush handed Obama the worse job loss (2,590,000) since 1945 which was 2,750,000. Even worse than Reagan's job loss in 1982 of 2,130,00. Nov. and Dec. of 2008 were 2 straight months where the economy lost over 500,000 jobs.

Total 2008 job loss: 2.6 million - Jan. 9, 2009
 
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