Dropping out of the job market or taking part time work is only progress in a liberal's mind.
The number of Americans who are not in the labor force but want a job, measured as percentage of the civilian labor force, is now lower than it was when Obummer was inaugurated.
I will be happy to give Obama credit when you give us the specific legislation he authored or the Democrats in Congress authored that created these numbers.
I'd say the Democrats put the economy on life support so that the natural forces of capitalism could allow it to recover. The most important act may have been passage of the ARRA, which, among other things, cut taxes, extended unemployment benefits, and put money into infrastructure projects. CBO reports that this provided five million jobs. I'd also point to the auto bailout that began in Apr 2009.
Real GDP grew by 2.5% in 2010, after having fallen by 2.8% in 2009. The only other really bad year we've had since the end of the Great Depression was 1982, when it fell by 1.9% in the Reagan Recession.
Then there's the $858 tax cut package enacted in Dec 2010. Obama proposed the so-called American Jobs Act in Sept 2011, and although elements of it did become law, much of it didn't get through Congress.
unemployment in certain sectors, particularly among black Americans, is worse than it's been since the Great Depression.
Why do you keep repeating this stupid lie? Black unemployment is 8.8%, down from 16.8% in Mar 2010. BLS started measuring this in 1972, and the all-time high is 21.2% in Jan 1983 during the Reagan Recession.
Why don't you post the relative statistics for discouraged workers, part time employees for economic reasons
Why do you keep pretending that the numbers haven't been shown to you many, many times?
People want to forget that we were coming out of recession when Obama took office and his policies led to the worst recovery in history.
You ignore the fact that the labor market continued to suffer the effects of the GOP SSE Great Recession throughout 2009. You also ignore the fact that the reason the recovery was slow was that the sharp decline was not a business cycle downturn, but rather the result of a near-collapse of the financial sector.
Do you realize the number of part time employees in those numbers? How about the number of discouraged workers who stopped looking for work in this booming Obama economy?
Part-time employment, in millions
Feb 2009 — 26.7
Jan 2016 — 27.4
Discouraged workers, in thousands
Feb 2009 — 731
Jan 2016 — 623
If the economy is doing so much better, why are Bernie Sanders and Hillary Clinton running campaigns based on the poor economy and financial destruction of middle America?
They both credit the president for the recovery from the GOP SSE Great Recession. Otoh, they point to the damage done by two rounds of SSE policy that have lead to massive income and wealth inequality, a very large national debt, and a critical need for public investment in education, research, and infrastructure.
I actually asked the OP what "damn liberal policies" he believed were behind the payrolls climbing
See above.
The economy is cyclical and you would have to have been a moron to not know in 2008 the economy would come back, no matter which President was at the helm.
The GOP SSE Great Recession wasn't a business cycle downturn, but rather the result of a near-collapse of the financial sector. It required extraordinary fiscal stimulus which Republicans opposed.
Rising interest rates are going to do what with the fourth largest budget item, debt service?
Debt interest as a percentage of GDP has now returned to a pre-Reagan level.