Just a reminder related to B/O's promises to create jobs. First he promised that the stimulus would be spent immediately to create shovel ready jobs, building bridges, roads - they even spent a few million tax dollars putting up signs near road jobs-, but only a few weeks ago B/O laughed with his progressive friends and said that there weren't really any shovel ready jobs, the money went to union member employed by the federal and local governments.
Much of the stimulus money is already back in the dem campaign coffers ready to do progressive things to our country.
Why would a Republican vote for more spending when B/O took money under false pretenses and gave it to his friends? The people that he propped up with the big stimulus need more money to keep their employment going.
Giving federal tax dollars to local police, firefighters, and teachers is crazy. The teachers have failed to teach, the police beat every black person who dares go out at night and the firefighters will strike for more pay and burn your house down if you can't raise the money to pay them
The international array of unemployment rates underwent some major changes in rankings in the late 1970's to early 1980'sThat's a positive trend that started before he became president.The teenage-to-adult unemployment ratio also narrowed steadily between 1980 and 1983 in all countries studied except Italy and Sweden .
That's a positive trend that started before he became president.In the United States, the number of persons working part time for economic reasons (persons on reduced hours as well as persons employed in part-time jobs who want fulltime work) rose between 1980 and 1983 .
Oh, look, the rate rose from 1980 - not mid 1981 - until the fourth quarter of 1982. That's from 1980 until October of 1982.Joblessness in the United States rose steadily from 1980 through the end of 1982 . The unemployment rate peaked in the fourth quarter of 1982 at 10 .6 percent, the highest quarterly rate recorded in the post-World War II era. At the beginning of 1983, joblessness began moving downward
And wouldn't you know, unemployment really began to rise in this recession in Jan 2008 and hit its peak in Nov of 2010. Wow, Obama took one extra month in a decidedly worse recession.
That is reality
Early 1980s recession 1980–1982 2 year
Please explain how that crisis is similar to what Obama faced, and what policies Reagan put into place, why he put them into place, what they did to help the economy, and what Obama should have done as well. Also, how is my post out of context when it shows that it took each recession the same amount of time to hit its peak in unemployment rates?The Iranian Revolution sharply increased the
price of oil around the world in 1979, causing
the 1979 energy crisis. This was caused by the
new regime in power in Iran, which exported oil
at inconsistent intervals and at a lower volume,
forcing prices to go up. Tight monetary policy
in the United States to control inflation led to
another recession. The changes were made
largely because of inflation that was carried
over from the previous decade due to the 1973
oil crisis and the 1979 energy crisis
Last edited by whysoserious; 10-25-11 at 11:42 AM.
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This is not the case going from Bush 43 to the Obama Presidency.