weekly jobless claims rise......................unexpectedly

It wasn't the same article. ROTFL. Just the same statement.

I'm sure you stand by your unsupported, baseless claims for which you could not cite one article or quote of support.

I'll stand by the repeated evidence which is reflected in countless articles.

Others can decide for themselves.

 

Bush inherited 4.0% unemployment from Clinton and after Jan 2001 never saw it that low again in his 8 years in office.

Obama inherited the worst recession in 80 years with unemployment at 7.8% and skyrocketing upwards, and in three years has got it just about to the level he inherited it.

 

Every time you post it

My true statements refute your attempts to excuse Obama's failure to deal with economy with cherry picked lack of context numbers and I will repeat.

He had been a full voting member of the Democrat controlled Senate for three years voting for the budgets that produced the huge deficits and not

acting to curb Fannie and Freddie.

And hit bottom the month he moved over to the White House and began rebounding. The recession ended in June of 2009, here it is July of 2012 and

the economy is still horrible and unemployment is still horrible.

The jobs loss rate bottom out the month he took office and began rebounding.

And his policies have done nothing to turn it around and get us back on solid footing.

It had already started to rebound but his policies have kept us from a full recovery.

Barely keeping it's head above water, GDP last two quarters under 2%, not enough to grow the economy enough to keep up with population and job

requirements.

The private sector always creates jobs, we haven't been creating fast enough.

And no where near the levels under the growth during the Bush years.

Yep horrible numbers.

See above, repeating the statistic does not improve the lousy performance.

Spare us you silly bromides. You cannot defend the lousy performance, the fact that unemployment went over 8% which he and his economic advisers

said in there report to push would not happen.

He ASKED FOR THE JOB, it doesn't matter what the economy was doing, what matters is his failure to deal with it and in fact making it worse.

 

Iriemon - please show, for the record, the GDP from the date Obama was in office, to today. Jan 1 2009 forward.

Also, indicate when his stimulus was passed, and when it started working.

Thanks.

 

And there he goes again with out of context spouting of numbers. Bush inherited a slowdown which went into a recovery weeks his going from being Governor of Texas with NO imput into federal policy and the Presidency. His policies kept unemployment from going over 6.5%. Now if Obama had a 6.5% unemployment right now, would you be saying that number was good or bad? If he had had that number for the last 24 months would you say that was good or bad?

Obama was part and parcel to the policies that brought that about as a member of a Senate controlled by his party and when he moved to the White House STILL had a Congress controlled by his party.

Now three and a half years later the economy is STILL horrible and unemployment is STILL horrible.

 

Not once.

Your false statements which you cannot back up do not refute my statements, even were they true.

Your false statement does not refute: "When Obama took office, the economy was tanking at a -9% real rate, losing 700,000+ jobs a month, unemployment was skyrocketing upward, and the stock markets were crashing in the worst recession in 80 years. The housing market was destroyed and the economy was headed straight for a depression."

Your false statement does not refute: "But now the economy has been growing steadily for almost three years, the private sector has added jobs every month for more than two years, stock markets are up almost 90% from their recession lows, and the unemployment rate has fallen from above 10% to 8.2%, and over 4 million private sector jobs have been added since Jan 2010."

Only those invested in failure for political purposes could claim Obama's policies have made it worse and are an utter failure.

Your false statement does not refute: But now the economy has been growing steadily for almost three years, the private sector has added jobs every month for more than two years, stock markets are up almost 90% from their recession lows, and the unemployment rate has fallen from above 10% to 8.2%, and over 4 million private sector jobs have been added since Jan 2010.

Baseless conjecture. Feel free to prove it.

False.

Your false statement does not refute: But now the economy has been growing steadily for almost three years, the private sector has added jobs every month for more than two years, stock markets are up almost 90% from their recession lows, and the unemployment rate has fallen from above 10% to 8.2%, and over 4 million private sector jobs have been added since Jan 2010.

Your false statement does not refute: But now the economy has been growing steadily for almost three years, the private sector has added jobs every month for more than two years, stock markets are up almost 90% from their recession lows, and the unemployment rate has fallen from above 10% to 8.2%, and over 4 million private sector jobs have been added since Jan 2010.

Your false statement does not refute: But now the economy has been growing steadily for almost three years, the private sector has added jobs every month for more than two years, stock markets are up almost 90% from their recession lows, and the unemployment rate has fallen from above 10% to 8.2%, and over 4 million private sector jobs have been added since Jan 2010.

Only those invested in failure for political purposes could claim unemployment going from over 10% to 8.2% is horrible.

See above. Your false statement does not refute: But now the economy has been growing steadily for almost three years, the private sector has added jobs every month for more than two years, stock markets are up almost 90% from their recession lows, and the unemployment rate has fallen from above 10% to 8.2%, and over 4 million private sector jobs have been added since Jan 2010.

Your false statement does not refute: But now the economy has been growing steadily for almost three years, the private sector has added jobs every month for more than two years, stock markets are up almost 90% from their recession lows, and the unemployment rate has fallen from above 10% to 8.2%, and over 4 million private sector jobs have been added since Jan 2010.

Only those invested in failure for political purposes could claim Obama is a failure.

 

[video=youtube;CCN5-ovvFL0]http://www.youtube.com/watch?v=CCN5-ovvFL0[/video]

 

Sorry. I know that truthful facts bug ya.

Bush inherited a slowdown and thus that excuses his first 2 years.

Obama inherited the worst recesssion in 80 years but its fair to blame him for it from day one.

No double standard there.

The Senate couldn't do anything while Bush was in office, much less one lone Senator.

You seem to have a memory loss as to what "horrible is"

THIS is horrible:



January 2009

Job loss: Worst in 34 years
Employers slashed 598,000 more jobs in January [2009] as unemployment rate climbed to 7.6%.

NEW YORK (CNNMoney.com) -- Employers slashed another 598,000 jobs off of U.S. payrolls in January, taking the unemployment rate up to 7.6%, according to the latest government reading on the nation's battered labor market.

The latest job loss is the worst since December 1974, and brings job losses to 1.8 million in just the last three months, or half of the 3.6 million jobs that have been lost since the beginning of 2008.

http://money.cnn.com/2009/02/06/news/economy/jobs_january/index.htm

Market players were also disappointed by reports that U.S. home prices fell 8.7% year-over-year in November, U.S. housing starts fell 15.5% in December, and weekly initial jobless claims rose 62,000 to 589,000.
http://www.businessweek.com/investor/content/jan2009/pi20090122_192905.htm

On Wednesday, the 30-stock Dow Jones industrial average finished with a loss of 248.42 points, or 2.94%, to 8,200[/B].

http://www.businessweek.com/investor/content/jan2009/pi20090114_103250.htm

598,000 Jobs Shed In Brutal January
Unemployment Hits 7.6% as Downturn Picks Up Steam

The need for progress on those fronts seemed more important than ever yesterday, as the Labor Department announced that conditions worsened more than expected last month. The nation's employers shed 598,000 jobs, the most since 1974, driving the unemployment rate to 7.6 percent from 7.2 percent. If the jobless rate keeps rising at the pace it has for the past two months, it will hit double digits in summer and reach its highest rate since the Great Depression by the fall.

http://www.washingtonpost.com/wp-dyn/content/article/2009/02/06/AR2009020601156.html

GROSS DOMESTIC PRODUCT: FOURTH QUARTER 2008 (PRELIMINARY)
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 6.2 [later revised to 9.2] percent in the fourth quarter of 2008[/B], (that is, from the third quarter to the fourth quarter), according to preliminary estimates released by the Bureau of Economic Analysis.

http://www.bea.gov/newsreleases/national/gdp/2009/pdf/gdp408p.pdf

Continued Unemployment Claims at Record High
In the week ending Jan. 24, the advance figure for seasonally adjusted initial claims was 588,000, an increase of 3,000 from the previous week's revised figure of 585,000.

http://www.calculatedriskblog.com/2...urposes could say it is just as horrible now.

 

Quarter - GDP 2005$ - % chng
2008q3 13,186.9 -3.7%
2008q4 12,883.5 -9.2% <-Tarp
2009q1 12,663.2 -6.8% <-Stimulus passed
2009q2 12,641.3 -0.7%
2009q3 12,694.5 1.7%
2009q4 12,813.5 3.7%
2010q1 12,937.7 3.9%
2010q2 13,058.5 3.7%
2010q3 13,139.6 2.5%
2010q4 13,216.1 2.3%

 

Bin Laden was killed during Obamas administration. Obama used intelligence likely obtained by water boarding under Bush. Than goodness Obama isn't doing that, he just uses drones to kill them instead.

 

Again, 2008, not relevant. When did the stimulus start working? Please indicate its usefulness by the date, preferably an article or something proving its implementation.

 

Why isn't 2008 relevant? That is when the economy was sinking into recession.

The stimulus arguably started working as soon as it was passed, because folks knew that the US Govt was stepping in to prop up demand and employment. But the expenditures and tax cuts (for what they were worth) took place mostly in 2009 and 2010 and partly 2011.

 

I'm trying to make your point. The economy didn't start improving until Obama took office.

If we use 2008 GDP numbers, it means the economy was already recovering without him. Lets prove what Obama did helped from the day he actually did something.

Need dates please. Lets try not work on assumptions.

 

It was not recovering in 2008 because the worst of the recession was happending.

The Stimulus was passed Feb 2009, I believe.

 

Not true. -7% is better than -9%.

What did Obama do to get us from -9% GDP 4Q 2008 to -7% GDP 1Q 2009. Ok he passed stimulus. Again, what date did it actually do something in the economy in that first quarter when GDP was -7%? Not when it was passed, but who was helped and what did it do, by date?

 

Yep, a month AFTER the jobless bottomed out and began to rebound which they had or well on the way to by the time the stimulus took effect. It failed to push us into a full recovery and unemployment has been horrible ever since and we have had under 2% GDP the past two quarters three years after the recession ended.

 

Prove your own claims.

I disagree with your concept of "proper context".

IMO, an economy that has added millions of new jobs over the past 2 1/2 years couple with GDP growth for almost three years in a row and stock markets that have grown 50+%
compared to an economy that was tanking at 9% and losing 700,000+ jobs a month and stock markets crashing is NOT HORRIBLE at all.

But then, I'm not invested in failure for political purposes.



And posting your silly bromides does not change the fact that Obama has been a failure.[/QUOTE]

 

Yep. The Stimulus was passed, and the economy rate of decline started decreasing rapidly and then turned around and started growing.

But that is just a big coincidence, right?

 

My comments in bold

Last two quarters under 2%.

 

How does that prove the recession was not happening in 2008?

He pushed to get Tarp thru and the Stimulus.

Again, the mere fact that a stimulus bill was passed arguably helped turn the economy around in the 1stQ2009, because people knew that a big chunk of spending was coming down the pipe and the Govt was not going to just sit on its ass while we went into GD2.

 

It was already decreasing before it was passed and long before it took effect. I agree there was no coincidence, the stimulus actual cost us growth and the economy slowed and we are now at under 2%.

 

Gosh, terrible. Makes you pine for the good old days when it was tanking at -9%, doesn't it?

 

Feel free to prove your baseless and unsupported nonsense.

 

Bush got TARP passed.

Now THAT is laughable, they had no idea where the money was going then or when it would arrive and all those "shovel ready projects" didn't exist. The economy had already bottom out and the job losses had bottomed out before any of it took effect.