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Obama's Recovery In Just 9 Charts[W:64]

DA60

DA60

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Obama's Recovery In Just 9 Charts | Zero Hedge

Thoughts?
 
Re: Obama's Recovery In Just 9 Charts

Slyfox696 said:
Sure...how come your charts are inconsistent with their dates? Why do some start around 1950, another in '85, another in 2000, and one in 2009?
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Wow! Is that your takeaway? Inconsistent dates on graphs?
 
Re: Obama's Recovery In Just 9 Charts

That it shows three things:

1) That this post does not show the whole picture because there are a lot of indicators for the economy - including some big ones like unemployment and GDP - that are missing from your post.

2) That this post reflects some of the economic policies used to diminish the recession and stop the depression. For example, money printing and federal debt are directly linked to the stimulus spending.

3) That there are still things left to be desired with this recovery.
 
Re: Obama's Recovery In Just 9 Charts

In a way, Obama did this to himself claiming economic successes presumably of his own accord. So if a President is asinine enough to try to claim all economic success, he opens the door up to criticism with stats that are not so favorable.

Personally I think this is a wasted effort for political points over any sense of reality. No President is solely responsible for the status of the economy, good or bad.

Obama goes on a Twitter rant about the economy - MarketWatch
 
Re: Obama's Recovery In Just 9 Charts

Slyfox696 said:
Sure...how come your charts are inconsistent with their dates? Why do some start around 1950, another in '85, another in 2000, and one in 2009?
Click to expand...

because he who controls the X and Y controls the universe, lol.

the economy has recovered to some extent, and here's some anecdotal evidence. i was unemployed in 2009 due to end of grant right after the gamblers ****ed up the whole thing. nine ****ing months. it was awful. i was unemployed this year due to end of grant, as well. July first, and i start my next better job on the twenty first of this month. not even three ****ing months. yeah, that's better.

and you know what? Obama has about ****all to do with it, other than not ****ing up the gambling too much. same thing with congress, the idiots. i will say that Obama's stimulus in 2009 made my COBRA actually affordable the last time around though; right before he ****ed up and compromised away a fleeting chance at single payer, even with a Democrat supermajority. but i will give him credit for saving my ass on COBRA back then. this time, it was a grand a month unless i wanted safe auto. i didn't, so i paid the leeches their grand a month. i will not have to pay that next grand, and i will not pay it with a happy heart. i might even do a cartwheel. well, probably not. my back is a little off right now, but i'll do a virtual cartwheel.
 
Re: Obama's Recovery In Just 9 Charts

DA60 said:
Thoughts?
Click to expand...

Let me guess, Zero Hedge is urging us to buy gold?

Zero Hedge and their ilk are sort of the right-libertarian equivalent Greenpeace/radical environmentalists. The analogy is pretty uncanny, if you look at it. Both sides claim to have a perfect understanding of a highly imperfect science (for the left, it's climate science, for the right it's economics), and they both predict doomsday scenarios that they claim are definitely going to happen sometime soon unless we do something to dramatically change the path we as a society are on before it's too late.

Of course, just like most apocalyptic prophets, somehow the doomsday event in question is always just around the corner, but never actually arrives.
 
Re: Obama's Recovery In Just 9 Charts

Data, not charts;

'But for the middle class the scars of the recession still run deep. Federal Reserve survey data show families in the middle fifth of the income scale now earn less and their net worth is lower than when Obama took office.

In the six years through 2013, over the recession and recovery that have spanned Obama's tenure, jobs have been added at the top and bottom of the wage scale, a Reuters analysis of labor statistics shows. In the middle, the economy has shed positions - whether in traditional trades like machining or electrical work, white-collar jobs in human resources, or technical ones like computer operators.'

Middle class decline looms over final years of Obama presidency | Reuters


As I have long called it...the McDonald's/Mercedes recovery.
 
Re: Obama's Recovery In Just 9 Charts

DA60 said:
Zero Hedge

Thoughts?
Click to expand...
Nearly all of the data plots show declining rates BEFORE Obama became POTUS. Since the 2008 Bush recession accelerated the worsening of most of the data, how again are such huge macro changes the fault of Obama?
 
Re: Obama's Recovery In Just 9 Charts

DA60 said:
Once again, I am neither dem nor rep.
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Fine, youre a something that has nothing but contempt for the current POTUS.

Hint: The largest sector of job losses from 2008 onward was state/county/local public employees, due to massive declines in state/local property revenue. We still have had nearly no recovery for that sector, whereas St Ronnie never saw such a decline...in fact both fed and state/county/local public employment INCREASED under St Ronnie.
 
Re: Obama's Recovery In Just 9 Charts

Gimmesometruth said:
Nearly all of the data plots show declining rates BEFORE Obama became POTUS. Since the 2008 Bush recession accelerated the worsening of most of the data, how again are such huge macro changes the fault of Obama?
Click to expand...

I also would look for the first cause earlier. In fact, that is in the way Clinton/Greenspan allowed the dot.com bubble build up without doing anything.
Other things like medical costs he is responsible for making a bad situation worse.
 
Re: Obama's Recovery In Just 9 Charts

joG said:
I also would look for the first cause earlier. In fact, that is in the way Clinton/Greenspan allowed the dot.com bubble build up without doing anything.
Click to expand...
What part of " declining rates BEFORE Obama became POTUS" did you not get?
Other things like medical costs he is responsible for making a bad situation worse.
Click to expand...
Whatever you say...

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Brad DeLong's Grasping Reality: Economics: Health
 
Re: Obama's Recovery In Just 9 Charts

Eric7216 said:
Wow! Is that your takeaway? Inconsistent dates on graphs?
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Yes, because by not using a standard set date, the data can (and appears was) easily manipulated to tell any story you wish. For example, why post a graph of student loans which starts in the 1940s? Because then you have a much lower baseline for when student loans began to rise. Why start the labor force participation rate in 2006? Because if you started it back in 1940, you'd see several inclines and declines, with the latest decline starting around the late 90s, early 2000s.

This is nothing more than cherry picking data.
 
Re: Obama's Recovery In Just 9 Charts

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Re: Obama's Recovery In Just 9 Charts

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Re: Obama's Recovery In Just 9 Charts

fredgraph.png
 
Re: Obama's Recovery In Just 9 Charts

my favorite ones were the Federal Debt and the Homeownership. Of course he starts Homeownership at the peak of the Bush Mortgage Bubble but he couldn't hide Bush's effect on the national debt. See the rocketship rise in the shaded areas of the Recession starting Dec 2007. Yea, that's what destroying the economy does to debt.

surely someone should point out the "Clinton hump". In the debt graph that is.
 
Re: Obama's Recovery In Just 9 Charts

fredgraph.png
 
Re: Obama's Recovery In Just 9 Charts

Slyfox696 said:
Yes, because by not using a standard set date, the data can (and appears was) easily manipulated to tell any story you wish. For example, why post a graph of student loans which starts in the 1940s? Because then you have a much lower baseline for when student loans began to rise. Why start the labor force participation rate in 2006? Because if you started it back in 1940, you'd see several inclines and declines, with the latest decline starting around the late 90s, early 2000s.

This is nothing more than cherry picking data.
Click to expand...

Easily remedied by simply looking at the charts from the same starting dates. All of them can be looked at from 2008, except for the Health Insurance Costs. Simply ignore any graph prior to that date. The fault would seem to be with the viewer.
 
Re: Obama's Recovery In Just 9 Charts

Eric7216 said:
Easily remedied by simply looking at the charts from the same starting dates. All of them can be looked at from 2008, except for the Health Insurance Costs. Simply ignore any graph prior to that date. The fault would seem to be with the viewer.
Click to expand...

Your easy fix doesn't remedy starting the Homeownerhsip one at the peak of the Bush Mortgage Bubble. Oh and go look at the debt one, tell me when it started shooting up like a rocket. Bush was handed a surplus and doubled the debt. President Obama was handed trillion dollar deficits and a ruined economy and wont double it.
 
Re: Obama's Recovery In Just 9 Charts

Eric7216 said:
Easily remedied by simply looking at the charts from the same starting dates.
Click to expand...
Unless the chart only goes back to 2009. Then you can't see anything before then. Which, of course, is the point of constantly changing graph start dates.

All of them can be looked at from 2008, except for the Health Insurance Costs. Simply ignore any graph prior to that date. The fault would seem to be with the viewer.
Click to expand...
But if you did, then the graph doesn't look NEARLY as scary as it does if you include data from decades before. That's the point of cherry picking data. The author of the article clearly had it in mind to present a biased look at current conditions by deliberately manipulating the data to fit the narrative he/she was trying to push.

As they say, there are three kinds of lies....lies, damn lies and statistics. And there are certain sources (and certain people) from whom you just always expect a lie.
 
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