The Hangover

Payrolls in U.S. Increased Less Than Forecast in August - Bloomberg

The jobless rate fell from 8.3 percent as 368,000 Americans left the labor force. Unemployment was forecast to hold at 8.3 percent, according to the survey median. Estimates in the Bloomberg survey ranged from 8.1 percent to 8.4 percent.

Factory payrolls decreased by 15,000, compared with a survey forecast for a 10,000 increase, after a 23,000 gain in the previous month. Automakers cut 7,500 jobs last month.

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If the Labor Force was the same it was the day Obama took office, unemployment would be 11.2%

If the Labor Force stayed the same it was last month, Unemployment would be 8.4%

Real Unemployment is 15%

African American Unemployment 14.5%

Latino Unemployment - 11%

http://www.dailymail.co.uk/news/art...-morning-Obama-tells-DNC-problems-solved.html

Let the spin from the Democrats begin

Not even Reagan saw a decrease in unemployment after the end of his first term, and he took over at the start of a recession as well. You've talked about him being the greatest President so if even he can't solve a recession in 4 years why do you expect Obama to do it?

And secondly do you give any credit/blame for factors outside of anyone's control?

Wiseone said:

Not even Reagan saw a decrease in unemployment after the end of his first term, and he took over at the start of a recession as well. You've talked about him being the greatest President so if even he can't solve a recession in 4 years why do you expect Obama to do it?

And secondly do you give any credit/blame for factors outside of anyone's control?

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You're not even remotely debating reality

If you want your clock cleaned in regards to Reagan's record and this garbage you just copy/pasted from Daily Kos, feel free to post again and embarrass yourself further

The automakers cut kind of digs into the "Bin Laden is dead, GM is alive" chants from the DNC.

GOP will claim this shows the economy isn't improving.
Dems will point to the decrease in unemployment and say it is improving.

The bases will nod and cheer their leaders, and independents will be forced to decide which version they most believe. Same as it ever was.

Bronson said:

You're not even remotely debating reality

If you want your clock cleaned in regards to Reagan's record and this garbage you just copy/pasted from Daily Kos, feel free to post again and embarrass yourself further

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Its a fact that when Reagan was inaugurated the first time to when he was sworn in again that unemployment hardly changed at all, it spiked in the early parts of his first term and then dropped over time. Obama is on course for the same result, an unemployment which hasn't really changed in four years from when he was sworn in.

Those are both facts, I'm not talking about Reagan's record as a whole I'm talking about his record on unemployment during his Presidency.

tessaesque said:

The automakers cut kind of digs into the "Bin Laden is dead, GM is alive" chants from the DNC.

GOP will claim this shows the economy isn't improving.
Dems will point to the decrease in unemployment and say it is improving.

The bases will nod and cheer their leaders, and independents will be forced to decide which version they most believe. Same as it ever was.

Click to expand...

Jump to 2:55

Job creation:

January 2009: ~820,000 lost
August 2012: ~96,000 gained

Trend is important.

Deuce said:

Job creation:

January 2009: ~820,000 lost
August 2012: ~96,000 gained

Trend is important.

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Now post the net gain to jobs by tossing up the job participation. Ought to be fun.

Wiseone said:

Its a fact that when Reagan was inaugurated the first time to when he was sworn in again that unemployment hardly changed at all, it spiked in the early parts of his first term and then dropped over time. Obama is on course for the same result, an unemployment which hasn't really changed in four years from when he was sworn in.

Those are both facts, I'm not talking about Reagan's record as a whole I'm talking about his record on unemployment during his Presidency.

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/shrug you asked for it. Keep in mind that Reagan did the exact opposite thing Obama did

Reagan removed price controls on oil and natural gas. Production soared and the price of oil fell. Gas was 1.79 when Obama took office. It's now almost 4 dollars a gallon. Not only that, but Obama is destroying the coal industry with extremist regulations from the thuggish EPA that is killing middle class jobs.

Reagan had anti inflation monetary policy. Obama is begging the Fed to pump more printed money into the economy to slow the bleeding.

Reagan cut tax rates across the board from 70% - 28%. The largest tax cut in American History. The result was revenue to the Treasury doubled.

He cut domestic spending by more than 5% and stayed at that baseline for the remainder of his presidency. The economy grew by 1/3. Inflation was reversed. Real per capita income increased by 18%. The poverty rate declined. Standard of living across the board increased by 20%. Almost 20 million jobs were created. Reagan's unprecedented era of peace and prosperity ushered in the 90s and the beginning of the Internet Age.

Jobs





Obama is a NET LOSS of jobs. 23 million people out of the workforce. The lowest LFPR in decades. August 2011 - ZERO JOBS - Economy Gains No Jobs in August, Rate Holds at 9.1% - CNBC

At the same timemonth during Reagan's presidency - 1 million jobs created in august of the third year of his term.

Overall it's not even close or debatable. Reagan had more than double the job creation under his watch than Obama.

GDP

Reagan's 4th year GDP Growth - 7.2%

Obama - 1.7%

Results matter :2wave:

Says it all right here

bronson said:

payrolls in u.s. Increased less than forecast in august - bloomberg



if the labor force was the same it was the day obama took office, unemployment would be 11.2%

if the labor force stayed the same it was last month, unemployment would be 8.4%

real unemployment is 15%

african american unemployment 14.5%

latino unemployment - 11%

Obama's DNC 2012 speech: Bleak unemployment numbers morning after Obama tells DNC 'our problems can be solved' | Mail Online

let the spin from the democrats begin

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forward!!!!!!!!!!!!!!!!!

Bronson said:

Payrolls in U.S. Increased Less Than Forecast in August - Bloomberg



If the Labor Force was the same it was the day Obama took office, unemployment would be 11.2%

If the Labor Force stayed the same it was last month, Unemployment would be 8.4%

Real Unemployment is 15%

African American Unemployment 14.5%

Latino Unemployment - 11%

Obama's DNC 2012 speech: Bleak unemployment numbers morning after Obama tells DNC 'our problems can be solved' | Mail Online

Let the spin from the Democrats begin

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As a wise man once said.

It's better than a kick in the ****.

Bronson said:

/shrug you asked for it. Keep in mind that Reagan did the exact opposite thing Obama did

Reagan removed price controls on oil and natural gas. Production soared and the price of oil fell. Gas was 1.79 when Obama took office. It's now almost 4 dollars a gallon. Not only that, but Obama is destroying the coal industry with extremist regulations from the thuggish EPA that is killing middle class jobs.

Reagan had anti inflation monetary policy. Obama is begging the Fed to pump more printed money into the economy to slow the bleeding.

Reagan cut tax rates across the board from 70% - 28%. The largest tax cut in American History. The result was revenue to the Treasury doubled.

He cut domestic spending by more than 5% and stayed at that baseline for the remainder of his presidency. The economy grew by 1/3. Inflation was reversed. Real per capita income increased by 18%. The poverty rate declined. Standard of living across the board increased by 20%. Almost 20 million jobs were created. Reagan's unprecedented era of peace and prosperity ushered in the 90s and the beginning of the Internet Age.

Jobs

Obama is a NET LOSS of jobs. 23 million people out of the workforce. The lowest LFPR in decades. August 2011 - ZERO JOBS - Economy Gains No Jobs in August, Rate Holds at 9.1% - CNBC

At the same timemonth during Reagan's presidency - 1 million jobs created in august of the third year of his term.

Overall it's not even close or debatable. Reagan had more than double the job creation under his watch than Obama.

GDP

Reagan's 4th year GDP Growth - 7.2%

Obama - 1.7%

Results matter :2wave:

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Some graphs with no source and no timeline? I'm not convinced, also your source is over a year old.

Unemployment in the U.S. - Google Public Data Explorer

Look at Jan 1981, the unemployment rate is 7.3% and in Jan 1985 its 7.3%. That's Reagan's first term record. Now look at Jan 2009, the unemployment rate is 7.8%, right now its 8.3%. So far that's Obama's first term record.

Point is, these things take TIME TO SOLVE. During both their first terms unemployment was over 10% and it slowly started to drop off as time went by. And again there's more to recovery than whos President, time is required as well.

Wiseone said:

Some graphs with no source and no timeline? I'm not convinced, also your source is over a year old.

Unemployment in the U.S. - Google Public Data Explorer

Look at Jan 1981, the unemployment rate is 7.3% and in Jan 1985 its 7.3%. That's Reagan's first term record. Now look at Jan 2009, the unemployment rate is 7.8%, right now its 8.3%. So far that's Obama's first term record.

Point is, these things take TIME TO SOLVE. During both their first terms unemployment was over 10% and it slowly started to drop off as time went by. And again there's more to recovery than whos President, time is required as well.

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Dude, you totally forgot something!