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Thread: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by Jack Hays View Post
    To claim that GWB's growth was a product of a bubble is just a lefty talking point.
    BY THE GOP ECONOMISTS? lol

    "The expansion was a continuation of the way the U.S. has grown for too long, which was a consumer-led expansion that was heavily concentrated in housing," said Douglas Holtz-Eakin, a onetime Bush White House staffer and one of Sen. John McCain's top economic advisers for his presidential campaign. "There was very little of the kind of saving and export-led growth that would be more sustainable."

    "For a group that claims it wants to be judged by history, there is no evidence on the economic policy front that that was the view," Holtz-Eakin said. "It was all Band-Aids."


    MORE HERE

    Bush Lead During Weakest Economy in Decades


    WEIRD HOW REALITY BASED IS 'LEFT WING' TO YOU GUYS!

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by dad2three2001 View Post
    Bush left a DEEEEEEP hole to fill in first!
    Like every other POTUS, BHO is responsible for everything from the moment he swears the oath.
    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by Jack Hays View Post
    You will believe what you will believe.
    You mean FACT based not CATO, AEI, Heritage, etc talking points? YES

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by dad2three2001 View Post
    BY THE GOP ECONOMISTS? lol

    "The expansion was a continuation of the way the U.S. has grown for too long, which was a consumer-led expansion that was heavily concentrated in housing," said Douglas Holtz-Eakin, a onetime Bush White House staffer and one of Sen. John McCain's top economic advisers for his presidential campaign. "There was very little of the kind of saving and export-led growth that would be more sustainable."

    "For a group that claims it wants to be judged by history, there is no evidence on the economic policy front that that was the view," Holtz-Eakin said. "It was all Band-Aids."


    MORE HERE

    Bush Lead During Weakest Economy in Decades


    WEIRD HOW REALITY BASED IS 'LEFT WING' TO YOU GUYS!
    Of course, the description of the GWB economy as the weakest in decades was written before anyone had seen the even weaker BHO economy. And weren't you the one extolling consumption-led growth just a few posts ago? Hmm?
    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by Jack Hays View Post
    Like every other POTUS, BHO is responsible for everything from the moment he swears the oath.
    Sure he is, weird

    Reagan's 1983 State of the Union:

    "The problems we inherited were far worse than most inside and out of government had expected; the recession was deeper than most inside and out of government had predicted. Curing those problems has taken more time and a higher toll than any of us wanted."

    How long did it take Reagan to reduce the unemployme*nt rate to below 8%?

    01/1981 - Unemployme*nt rate 7.5% …. Reagan sworn in.
    02/1981 - 7.4%
    03/1981 - 7.4%
    04/1981 - 7.2%
    05/1981 - 7.5%
    06/1981 - 7.5%
    07/1981 - 7.2%
    08/1981 - 7.4% * Reagan CUTS taxes for top 1% and says unemployme*nt will DROP to 6.9%.
    09/1981 - 7.6%
    10/1981 - 7.9%
    11/1981 - 8.3%
    12/1981 - 8.5%
    01/1982 - 8.6%
    02/1982 - 8.9%
    03/1982 - 9.0%
    04/1982 - 9.3%
    05/1982 - 9.4%
    06/1982 - 9.6%
    07/1982 - 9.8%
    08/1982 - 9.8%
    09/1982 - 10.1%
    10/1982 - 10.4%
    11/1982 - 10.8% * Unemployme*nt HITS a post WW2 RECORD of 10.8%.
    12/1982 - 10.8%

    01/1983 - 10.4%
    02/1983 - 10.4%
    03/1983 - 10.3%
    04/1983 - 10.3%
    05/1983 - 10.1%
    06/1983 - 10.1%
    07/1983 - 9.4%
    06/1983 - 9.5%
    07/1983 - 9.4%
    08/1983 - 9.5%
    09/1983 - 9.2%
    10/1983 - 8.8%
    11/1983 - 8.5%
    12/1983 - 8.3%

    01/1984 - 8.0%
    02/1984 - 7.8%


    It took Reagan 28 MONTHS to get unemployment rate back down below 8 percent.

    Unemployment Rate Extreme Liberal's Blog


    HOW COULD THOSE 'JOB CREATORS' MAKE IT WORK WITH A TOP TAX RATE OF 50% FOR REAGAN'S FIRST 6 YEARS?

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by dad2three2001 View Post
    Sure he is, weird

    Reagan's 1983 State of the Union:

    "The problems we inherited were far worse than most inside and out of government had expected; the recession was deeper than most inside and out of government had predicted. Curing those problems has taken more time and a higher toll than any of us wanted."

    How long did it take Reagan to reduce the unemployme*nt rate to below 8%?

    01/1981 - Unemployme*nt rate 7.5% . Reagan sworn in.
    02/1981 - 7.4%
    03/1981 - 7.4%
    04/1981 - 7.2%
    05/1981 - 7.5%
    06/1981 - 7.5%
    07/1981 - 7.2%
    08/1981 - 7.4% * Reagan CUTS taxes for top 1% and says unemployme*nt will DROP to 6.9%.
    09/1981 - 7.6%
    10/1981 - 7.9%
    11/1981 - 8.3%
    12/1981 - 8.5%
    01/1982 - 8.6%
    02/1982 - 8.9%
    03/1982 - 9.0%
    04/1982 - 9.3%
    05/1982 - 9.4%
    06/1982 - 9.6%
    07/1982 - 9.8%
    08/1982 - 9.8%
    09/1982 - 10.1%
    10/1982 - 10.4%
    11/1982 - 10.8% * Unemployme*nt HITS a post WW2 RECORD of 10.8%.
    12/1982 - 10.8%

    01/1983 - 10.4%
    02/1983 - 10.4%
    03/1983 - 10.3%
    04/1983 - 10.3%
    05/1983 - 10.1%
    06/1983 - 10.1%
    07/1983 - 9.4%
    06/1983 - 9.5%
    07/1983 - 9.4%
    08/1983 - 9.5%
    09/1983 - 9.2%
    10/1983 - 8.8%
    11/1983 - 8.5%
    12/1983 - 8.3%

    01/1984 - 8.0%
    02/1984 - 7.8%


    It took Reagan 28 MONTHS to get unemployment rate back down below 8 percent.

    Unemployment Rate Extreme Liberal's Blog


    HOW COULD THOSE 'JOB CREATORS' MAKE IT WORK WITH A TOP TAX RATE OF 50% FOR REAGAN'S FIRST 6 YEARS?
    To which the appropriate reply is again: So what?
    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by Jack Hays View Post
    Of course, the description of the GWB economy as the weakest in decades was written before anyone had seen the even weaker BHO economy. And weren't you the one extolling consumption-led growth just a few posts ago? Hmm?
    Weaker? Weird, you put US in a hole then CLAIM it's weaker? lol, Bush had 2.1% growth WITH a home ownership ponzi scheme, Obama has 2% growth, AND will have had a better 8 year period than Bush, guaranteed!

    Consumption?

    Manufacturing jobs have grown more under Obama than Bush

    Manufacturing jobs have grown more under Obama than Bush - The Washington Post

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by dad2three2001 View Post
    Weaker? Weird, you put US in a hole then CLAIM it's weaker? lol, Bush had 2.1% growth WITH a home ownership ponzi scheme, Obama has 2% growth, AND will have had a better 8 year period than Bush, guaranteed!

    Consumption?

    Manufacturing jobs have grown more under Obama than Bush

    Manufacturing jobs have grown more under Obama than Bush - The Washington Post
    Different times, different dynamics. Let me know when BHO gets unemployment within shouting distance of GWB's average.
    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by Jack Hays View Post
    To which the appropriate reply is again: So what?
    I guess NOT all Prez's think ALL responsibility is theirs from day one, ONLY in CONservatives minds do you give Obama an economy dumping 700,000+ jobs A MONTH and say it's ALL on him, lol

    There is a common rule with CONservatives though, ANYTHING bad is ALL Obama's fault, NO HISTORY OF PAST PREZ OR CONGRESSIONAL POLICY but ANYTHING that might be good, the GOP steps up and says, despite working against EVERYTHING Obama has presented, it wa a team effort, lol

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    re: U.S. Adds 217,000 Jobs in May, Unemployment Rate Stays at 6.3%[W:218]

    Quote Originally Posted by Jack Hays View Post
    Different times, different dynamics. Let me know when BHO gets unemployment within shouting distance of GWB's average.
    Average huh? lol. If it's ALL you got, I guess it's ALL you got. Bush lost 673,000+ PRIVATE sector jobs in 8 years, THERE ARE 5+ MILLION MORE JOBS IN THE PRIVATE SECTOR TODAY THAN WHEN OBAMA CAME INTO OFFICE!

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