Quick link for now of the changes to the alternative measures:
You'll note that the U5 was the same as the current U3 and that discouraged workers were added in the U7.
Therefore, since the world has still/Much good, but much less good than ill,
And while the sun and moon endure/Luck's a chance, but trouble's sure,
I'd face it as a wise man would,/And train for ill and not for good.
Bureau of Labor Statistics Data
And that's the whole truth. All the talk about "Obama's economy" is simply nonsense. I play the game because I get sick of Republicans constantly blaming Obama for something he really has little to do with, especially when they are blaming him for good things that are happening and try to make it sound bad.The problem as I see it giving presidents blame and credit when they have only limit ability to effect the economy. We ask them to lie.
The President economically, in a split Congress, has very little he can actually do. I would argue the action taken by Congress and signed by Obama right after he was elected (the stimulus) played a big part in stopping our slide into depression. But once the tide gets rolling, there's really little the President has to do with it. Congress has far more to do with the economy than the President, especially in the split Congress we now have.
You will note that 2010 after all those shovels were shipped out the discouraged numbers increased to well over a million a month, a true liberal success story
2010 1065 1204 994 1197 1083 1207 1185 1110 1209 1219 1282 1318
2011 993 1020 921 989 822 982 1119 977 1037 967 1096 945