PBS says obama economy better than when he took office

If we use a median that would be 110,000 new jobs per month to keep up with population, or 1,320,000 jobs per years.

It's been 4.75 years since Jan 2010. Population growth needed 6.3 million new jobs to keep up. We've added 10.3 million additional private sector jobs since Jan 2010, so we are making progress.

We've lost about 600,000 government jobs from austerity so that puts us back a bit, but we are still ahead.

http://www.bls.gov/webapps/legacy/cesbtab1.htm

 

He's talking about what is needed for a "sustained recovery", whatever he means by that. You represented 250,000 as the number "just to keep up with population growth."

Prove your bull(*)(*)(*)(*) claims and prove:

1) I copied and pasted it
2) Even one fact on that list is false.

Quite ironic that in the very post you write: "You have a habit of opening up your yap and spouting clueless nonsense quite a bit" you do the very thing yourself.

 

You claim that Obama was responsible for increase oil production. THat is patently false since it was done on private land and in fact oil production on public land has been flat or even declined.

You have posted that same list and it is no coincidence that it got a lot shorter since the last time I tore it to shreds.

 

Prove your patently false statement by citing and quoting my post where I said Obama was responsible for oil production,.

It's no shorter at all.

You've torn nothing to shreds and in fact have utterly failed to disprove even one item on my list. Including now.

 

Tenth on your pathetic list. You give Obama credit for something he has done nothing for.

"o Oil production increasing for the first time in decades."

http://energycommerce.house.gov/pre...ergy-production-federal-lands-still-declining

By all means keep spouting you nonsense it just continues to lower your already laughable credibility.

 

Thank you for proving to all your false claim.

My post said nothing about Obama being responsible for it.

Now having demonstrated how you falsely misquoted my post, I'll prove for the record that oil production is in fact increasing for the first time in decades under Obama:



The chart proves my fact 100%. Since Obama took office, oil production is increasing for the first time in decades.

And yet another fact you've utter failed to disprove after making the bull(*)(*)(*)(*) claim that I "cut and pasted" the list and that it was bull(*)(*)(*)(*).

 

You have this at the end of your list

"If Obama had been a white Republican, conservatives would be hailing him as savior.

Obama gets tagged because of the Great Recession and Austerity, neither of which are his doing. I'll be happy to stack Bush up against Obama anytime."

You clearly are trying to credit Obama with everything on this list. Why not put down recent medical advances in the treatment of cancer while you are at it.

As I said oil production which started under Bush has been rising and in fact it was under Obama that production on Federal land declined. Or did you think that they put up all those oil rigs in January of 2009 and started pumping immediately. It takes months and for larger operations years to build the necessary infrastructure to start pumping and piping oil.

You claim that you aren't giving any credit to Obama and then at the end of your own post you say "The chart proves my fact 100%. Since Obama took office, oil production is increasing for the first time in decades." You continue to shoot yourself in your own foot over and over again.

You would also notice if you even knew how to read graphs which apparently you don't that the upward trend began under Bush. It was interupted by hurrican Gustave. You can clearly see the upward trend before that though. You own link proves you wrong.

 

Just so.

Quite right.

Nowhere did I say "Obama was responsible for oil production" as you falsely claimed. That list are accomplishments since Obama took office. I never claimed he was individually responsible for personally doing everything on the list.

Whether that is true or not does not disprove the fact on my list one iota.

Again with the false assertions. For someone who wrote: "You have a habit of opening up your yap and spouting clueless nonsense quite a bit" you sure do it yourself.

Please cite and quote my post where I claim I am am not giving any credit to Obama.

 

That is because BIG OIL dominates the public land oil contracts and they just want to sit on the contracts to prevent others from producing oil and thus lowering the price. The GOP, of course, whats to give BIG OIL more public land to control whereas Obama say if BIG OIL wants more public land they have to give back the leases on the land they are not developing. BIG OIL says no and are willing to pay for the leases on the land they are not using just to keep it away from those independent oil companies who would produce oil. Just think about BP's Deepwater Horizon oil find. It is one of the richest oil finds, but they capped it rather than put the oil on the market. We would never have known about it if the capped well didn't explode. To this day, the only oil from that well to go on the market was the oil that was skimmed off while they were trying to recap it!!!

Private land is different. There the independent oil companies can access land for production, which is why nearly all the increase in oil production has come from small independent oil companies on private land.

 

You keep repeating the same nonsense over and over again. Your own words:

"The chart proves my fact 100%. Since Obama took office, oil production is increasing for the first time in decades"

And in fact the increase began before hurricanes Ike and Gustav hit as shown by your own graph.

Either your list is a stuff of random positive things that happened under Obama but he has no responsiblity for it or your list is stuff that is about Obama's accomplishments. If you are arguing that the list isn't about Obama's accomplishments then why post a list of it. So which one is it.

 

Not disputing why I am pointing out his blatant lies about Obama being responsible for increased oil production when in fact it has nothing to do with Obama at all. Why not put down iPhone 4,5 and 6 while were at it or new developments in forensics. Game of Thrones was released under the Obama administration so why not just throw that on the list. I mean after all they did occur under Obama right so technically all things that got better should be on Iremon's list. The fact is that everyone knows that list is supposed to be about Obama's accomplishments. He is backtracking just like he did last time when I confronted him with this bull(*)(*)(*)(*). Yet because he is a paid staffer he continues to keep posting the same list month after month after month because he is incapable of making a coherent argument without help from someone else.

 

And it does.

Don't see it. There is no upward trend prior to the time Obama took office and was still in the low 5 million range where it had been for the four prior years, and below production levels in the earlier 2000s.

- - - Updated - - -

And I pointed out the blatant lies of claiming I ever said Obama was responsible. Any number of people are responsible. Though certainly Obama could have shut down the fracking and drilling that was responsible for a large portion of the increase.

 

o Economy that was tanking at a -9% rate and shedding 700,000+ jobs a month turned around
o 54 straight months of private sector employment growth.
o 115% increase in the stock markets since taking office
o Halved the deficit in 4 years.
o Got Osama bin Laden.
o Saved 2-3 million jobs with stimulus package
o First decrease in spending in a year in decades - 3 times.
o Stock markets up 160% since bottom of the recession in 2009
o Over 9.7 million additional private sector jobs created since Jan 2010
o Oil production increasing for the first time in decades.
o Ousted Muamar Kadaffi at 1/1000 the cost of the Iraq war
o Deficit reduced by a then record $212 billion, down 16%, in 2012.
o Deficit reduced by a new record $408 billion, down 37%, in 2013
o Record corporate profits
o Passed health care reform that will provide coverage to tens of millions of Americans
o 4 straight years of GDP growth
o Unemployment rate dropped from 10% to 6.1%
o U.S. becomes world's top petroleum and energy producer
o Passed financial regulation reform to prevent another housing bubble fiasco.
o Diplomatically coerced Syria to give up WMD without war or loss of single American life.
o Recovered all jobs lost in the worst recession in 80 years
o Lowest rate of spending increases of any president in modern history
o On-budget deficit has decreased every full fiscal year he's been in office.
o US domestic oil use decreasing
o Net creation of millions of people employed despite inheriting a economy losing 700,000+ jobs a month.

If Obama had been a white Republican, conservatives would be hailing him as savior.

Obama gets tagged because of the Great Recession and Austerity, neither of which are his doing. I'll be happy to stack Bush up against Obama anytime.

So which one is it? Is that a list of stuff that just happened to get better under Obama but he has no responsibility for or is that stuff that is directly attributable to Obama in some way? Which one. If its the former then as I mentioned earlier you should really put Game of Thrones on that list as well. I would say Walking Dead but that show has gone to crap the last couple of seasons.........like his Presidency.

And now you shift your argument even further. Now not only is it just a list but Obama isn't responsible for any of it or lots of other people are responsible for it, now Obama gets credit because he didn't try and stop it? Seriously? Well then by all means why don't you throw the Hong Kong umbrella protests on that list as well because Obama hasn't tried to stop those. My cheese you arguments get more and more pathetic.

 

Hey! That's an impressive list. Where'd you cut-n-paste if from?

Just so.

I've already explained it. That list are accomplishments of things that have happened under Obama. I never claimed he was individually responsible for personally doing everything on the list. IMO, had Obama been a white Republican, conservatives would be hailing him as a savior. But I certainly said he deserves no responsibility for it either. You're trying to force a false dilemma.

Early in his administration conservatives were claiming oil production would go down under Obama. Instead it has been increasing, for the first time in decades. Conservatives were claiming the UR would stay high. It's gone down. Conservatives were saying the deficit would go up. It's dropped by a third. I appreciate your Obama obsessed hatred makes you take the position he has no responsibility for any thing and gets no credit for anything on the list. I disagree he should get no credit.

Now, I agree that presidents are often given too much credit or blame. Conservatives talk about, for example, how Reagan won the cold war or created 16 million jobs or brought down inflation. Of course, Reagan isn't personally responsible for any of those things, but because he was president, he gets the credit.

So when folks like you baselessly say what a failure Obama is, I post the list.

Because IMO, if a white Republican had been in office and conservatives could post a list like that, they'd be hailing him as a savior.

 

Once again, under Obama under Federal lands oil production has gone down. While some of it might be because large oil companies are sitting on the land the six month moratorium after the BP spill was entirely due to the WH.

The deficit reduction was once again entirely because of the House GOP refusing his spending plans. Even the Democrats voted against Obama's budgets overwhelmingly. Why are you not singing the praises of the House GOP. You have NEVER given any credit to the GOP for the stuff on that list that has far more to do with them than with Obama. The reason that so called right wingers aren't praising Obama is because half your list either had nothing to do with Obama at all or in fact was a result of the Republicans opposing Obama. That is why you don't see crazy right wingers singing Obama's praises..................because he didn't do anything to deserve it. Obama is going down as yet another failed presidency and at this rate he will end up leaving office even more unpopular than Bush did.

 

Reread, you misplaced the adjective. I did not say, I said mainly, and it was.

Because when it stopped, hence the dot bust.
http://en.wikipedia.org/wiki/Dot-com_bubble
Due to the rise of commercial growth of the Internet, venture capitalists saw record-setting growth as dot-com companies experienced meteoric rises in their stock prices and therefore moved faster and with less caution than usual, choosing to mitigate the risk by starting many contenders and letting the market decide which would succeed. The low interest rates in 1998–99 helped increase the start-up capital amounts. A canonical "dot-com" company's business model relied on harnessing network effects by operating at a sustained net loss and to build market share (or mind share). These companies offered their services or end product for free with the expectation that they could build enough brand awareness to charge profitable rates for their services later. The motto "get big fast" reflected this strategy

 

Strong revenue growth began well before the "dot com" bubble in the late 1990s.

Year - Revenues - % chng
1991 1,055.0 2.2%
1992 1,091.2 3.4%
1993 1,154.3 5.8% <- Clinton taxes office, passes tax increase.
1994 1,258.6 9.0%
1995 1,351.8 7.4%
1996 1,453.1 7.5%
1997 1,579.2 8.7%
1998 1,721.7 9.0%
1999 1,827.5 6.1%
2000 2,025.2 10.8%

Under Clinton (and contrary to the experience under Reagan or Bush2) revenue grew significantly faster than the economy.

 

I said nothing in my list about federal lands. You've utterly failed to prove my facts are bull(*)(*)(*)(*), as you falsely claimed.

Absolutely not true that the deficit reduction is "entirely because of the House GOP refusing his spending plans." While that had an effect, the surge in growth of revenues after the 2013 tax increase played an arguably larger role.

There are three main reasons for that: the slowly-improving economy is putting more people back to work, which means fewer safety net payments and more tax revenue; defense spending cuts; and the tax hikes from January 1 2013 have gone into effect.

Indeed, it's not the spending side of the ledger that has shrank the budget deficit, but the tax side.

http://townhall.com/tipsheet/keving...icit-shrinks-due-to-more-tax-revenue-n1590424

I think it's pretty evident why we don't see crazy right wingers singing Obama's praises.

 

And why is that? Are you now going to make Mathews argument its because he is black? Never mind that conservatives and liberals have diametrically opposing philosophies. People couldn't possibly oppose Obama because they think the ACA was government over reach. People couldn't possibly oppose Obama because they find the stimulus bill to be a monumental waste of money and could have been done far more effectively at much lower cost. No the only possible reason in the mind of raving nut job liberals is because people are racists and don't like Obama because he is black.

And yes Wall Street is doing very well under Obama which is where a majority of the new tax revenue came from.......not wages.

http://www.nytimes.com/2014/04/11/business/tax-revenue-soars-decreasing-deficit-us-says.html?_r=0

&#8220;It&#8217;s higher-income people and it is mainly from the stock market; it&#8217;s not mainly wages,&#8221; said Alice M. Rivlin, a senior fellow at the Brookings Institution and director of the Office of Management and Budget in the Clinton administration. &#8220;The economy is doing a little better, but not a lot better, while the stock market has been a remarkable phenomenon. Higher capital gains taxes feed in pretty quickly.&#8221;

 

Those "dot coms" actually started in 1994. The article makes reference to the introduction of the www protocol.

 

Of course it is higher income people who are making most of the money, and as a result, when their taxes were raised a tad in 2013 we saw revenues shoot up which helped bring the deficit down.. That's pretty basic.

 

You are correct, that despite conservative claims in 1993 that the Clinton tax increase would wreck the economy, expand the deficit, and kill jobs, we instead had the best economic growth since the 1960s, as well as a then record deficit (proportionately bigger than the one we have now) turn into a surplus.

And sure, having a great economy helps. But after the Clinton tax increase, revenues grew much faster than the economy. Without this extra revenue growth, there would have been no surplus, with or without dot com.

 

This is not Obama's economy and anyone who says that is clueless. This is the oligarchal globalized neo feudalism economy, which Obama stepped into. And he has no power to change it. So to blame him is to live in nonreality, which of course most partisans do.

When you don't see reality, you blame people you didn't like to begin with.

 

Its because the stock market is the only thing that has done well. In part because it keeps getting infusions of essentially free money.

 

Corporate profits have hit all time highs in the last few years.