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Thread: U.S. unemployment falls to 7.5% in April [W: 348, 360]

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by Sheik Yerbuti View Post
    So? After 51 months in office, Obama lowered the U6 rate more than Reagan lowered the U3 rate.
    Right, Reagan created how many millions of jobs? You really are a piece of work

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by Conservative View Post
    Hmmm, when did Bush ever have 835,000 discouraged workers and by the way discouraged workers are monthly not cumulative. This is especially a very pretty picture
    Using that logic, one could ask you, when did Clinton ever have 734,000?

    Still, Bush ended with 433,000 more than when he started. If you're calling Obama a failure for adding 101,000, you must think Bush is the all-time worst president for adding 433,000.

    Of the 835,000 we're currently at, Bush is contributed 52% compared to 12% contributed to by Obama. Yay, Bush!!

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by Sheik Yerbuti View Post
    So? After 51 months in office, Obama lowered the U6 rate more than Reagan lowered the U3 rate.
    Only a true Obama supporter would claim that lower the U-6 rate to 13.9 is better than lowering the unemployment rate from 7.5% to 5.3%. That really is sick and shows how intellectually challenged you are

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by Sheik Yerbuti View Post
    Using that logic, one could ask you, when did Clinton ever have 734,000?

    Still, Bush ended with 433,000 more than when he started. If you're calling Obama a failure for adding 101,000, you must think Bush is the all-time worst president for adding 433,000.

    Of the 835,000 we're currently at, Bush is contributed 52% compared to 12% contributed to by Obama. Yay, Bush!!
    Yes he did and still after adding over 6 trillion to the debt, shipping out all those shovels he still never had a discouraged number lower than Bush

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by Conservative View Post
    Right, Reagan created how many millions of jobs? You really are a piece of work
    By this point in Reagan's presidency, the unemployment rate was 7.3%. Down just 2/10ths of one percent from the 7.5% when he started. Under Obama, the U3 rate has dropped 3/10ths of one percent from 7.8% to 7.5%; and the U6 rate has also dropped 3/10ths of one percent from 14.2% to 13.9%.

    So by this point in their respective presidencies, Obama is doing better than Reagan. As far as Reagan adding many more jobs by the time he left office -- Obama still has close to 4 years to go, and the trend over the last 3 years is adding jobs. Including close to 7 million in the private sector alone which has now grown for the 38th consecutive month.

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by Conservative View Post
    Yes he did and still after adding over 6 trillion to the debt, shipping out all those shovels he still never had a discouraged number lower than Bush
    You should use directional signals for when you decide to change course like that.

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by Conservative View Post
    Only a true Obama supporter would claim that lower the U-6 rate to 13.9 is better than lowering the unemployment rate from 7.5% to 5.3%. That really is sick and shows how intellectually challenged you are
    In my world, 0.3 is bigger than 0.2.

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by Conservative View Post
    Then you won't have any problem posting the bls chart that shows Discouraged workers prior to 1994. Thanks in advance
    You have a lot of nerve asking others to post figures when you've been asked repeatedly to show the numbers which indicate that 9 million jobs have been lost under Obama.


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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by Conservative View Post
    Your opinion noted now back it up with facts
    The same arguments were made by democrats concerning Bush. It is as predictable as sunrise.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    re: U.S. unemployment falls to 7.5% in April [W: 348, 360]

    Quote Originally Posted by Slyfox696 View Post
    Not really, I just said Democrats would do the same thing Republicans are currently doing if the shoe was on the other foot. I was a little careless with my pronouns when I should have said, "Democrats would be making the exact same arguments Republicans are now making."

    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 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.
    I largely agree. Stopping such a slide is expensive, but he overall health of the economy will come from outside government, and is not dependent on any action or non action by the government.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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