Romoney right about declining job numbers??? Or is context important???

Is US employment trending downward?

Does this chart (from the Federal Reserve Bank in St. Louis) look downward trending to YOU?

It does to republicans.

Remember Obama came into office with the economy in the tank, the banking system and the auto industry about to collapse, and unemployment already skyrocketing* after eight years of Bush Admin. mismanagement that had taken the country from a $230 billion dollar surplus when Clinton left office to a $1.3 trillion dollar deficit when Bush left office. It takes a while to turn the economy around and recover after a train wreck like Bush left behind but quite obviously progress is being made on recovery. If the corrupt republican greed freaks and plutocratic power trippers get back into control, expect to see this chart in the coming years look even worse than it looks here in 2009. The ride will be a lot rougher than the Bush years. If Romoney and Lyin' Ryan win, expect to see more wars in the Mideast, huge gas price hikes, more tax cuts for the super rich and the corporations, higher taxes for the middle class and even the poor, more profitable (for them) destruction of the economy and exporting of jobs, a ban on legal abortion and suppression of the availability of contraception supplies and information, more assaults on everyone's freedoms and rights, more packing the judiciary with far right wing ideologues which means more twisting of the laws to favor the top 1% at the expense of the rest of us. Give Obama a chance and the recovery seen here will continue and grow stronger. Let's give him a majority in the House and a 60 plus majority in the Senate while we're at it and the things we need to happen to grow our economy and compete in the global market can get done without all of the organized Republican obstructionism that we've all seen for the last four years. The right wing has repeatedly shown a willingness to see the country go down the tubes rather than let Obama accomplish anything. In spite of that, he's accomplished quite a lot.

* "unemployment already skyrocketing" - FactCheck.org reports this:
Repeated Job Loss Claim
Romney’s claim that Obama “stood watch over the greatest job loss in modern American history” is also wrong, as we’ve noted before. The truth is more jobs were lost under Bush than Obama, and most of the jobs lost since he took office have now been regained. Since we wrote about this last year, the BLS has revised its statistics slightly for improved accuracy, as it does every year. The latest data show that “total nonfarm employment” (the standard measure of jobs) declined by nearly 8.8 million between its most recent peak in January 2008 and when the job slump bottomed out more than two years later, in February 2010. Of those lost jobs, nearly 4.5 million disappeared while Bush was president, and just over 4.3 million vanished during Obama’s first 13 months in office. And since the job totals hit bottom there have been slow and steady gains, totaling nearly 3.6 million jobs. The total for March (released April 6) stood just 740,000 short of where it was in January 2009 when Obama was inaugurated.

 

Maybe it's that we know that the Obama administration is fudging the numbers. Record amounts of people leaving the workforce to make the percentage go down.

 

Actually you don't "know" that at all, you just repeat what your puppet masters tell you because you can't handle the truth. Too bad the right wing has ceased to be reality based.

The jobs numbers truther movement
Politico.com
By PATRICK REIS
10/5/12
(excerpts)
A cadre of conservatives from Jack Welch to Allen West are crying conspiracy over Friday’s good economic news, accusing the White House of cooking the books to boost President Barack Obama’s prospects for reelection. The word from Republicans who have worked with the jobs numbers before? Bunk. “The numbers are put together by trained professionals and in a process that keeps politicians from interfering,” said Douglas Holtz-Eakin, president of the American Action Forum and a chief economic adviser to former President George W. Bush. “Any sort of suggestion to the contrary is wrong.” Former Bush administration spokesman Tony Fratto took to Twitter to say: “Stop with the dumb conspiracy theories. Good grief.”

A look at the process used to get the numbers — as well as a bit of recent history — suggests the conspiracy claims belong in the same category as questions about Obama’s birth certificate. The national unemployment rate is calculated by the Bureau of Labor Statistics, a nonpartisan agency composed of career economists and statisticians that currently employees zero political appointees. The agency is typically directed by an appointee — the only appointed position in the entire organization — but that seat has sat vacant since Bush-pick Keith Hall left in January when his term expired. The September figure came from a method identical to the one the bureau used to calculate previous months, said agency spokesman Gary Steinberg. The figure always comes out on the first Friday of the month, and it is kept private from the White House until the evening before.

 

Are you seriously going to deny that record numbers of people aren't leaving the workforce?

If the workforce was the same as when Bush left office the UE% would be 11.4%.

Like I said, fudging of the numbers to make Obama look better.

 

Just another nutsoid conspiracy theory without any factual basis. As my previous posts demonstrated.

 

What Romney said several times is that there are fewer Americans working today than 4 years ago.

Yet there are more people living in America now than there were then.

That makes Obama the unemployment president.

The food stamp president.

The welfare president.

And that is not the kind of president Americans need or want.

 

Yes, that is the point of the OP which seems to have gone right over your head. The fact that Romoney tries to hide is that there are a hell of lot more Americans working now than there were three years ago when the economic crash brought on by the insane policies of the Bush administration hit bottom.

 

The economy was shedding a record 800,000 jobs per month by the time President Obama took over in Jan. 2009. Republicans want to pretend the economy during President Obama's first year in office was entirely his fault.

Of course, when the numbers are good, like the last 3 years, Republicans will deny them. The new Gallup estimate for unemployment is out - lowest since they began tracking it.

http://www.gallup.com/poll/158060/unadjusted-unemployment-mid-october.aspx

 

Well, using the reality chart, after billions of dollars spent, we're still not up to where we were in 2009

 

Let me stop you right there. The surplus clinton left was a BUDGET surplus. It wasn't a pile of money stuffed in a mattress somewhere.

 

I think Obama did a great job rebounding the economy and am glad to see so many jobs have been added since 2009.

Good job Barack.

 

Well, using the reality chart, after billions of dollars spent, we're still not up to where we were in 2009 in jobs

 

Obama said one reason gas prices were so low under Bush is because the economy was so bad and higher gas prices under his administration shows a stronger economy. But if people working now is no higher than it was in 2009, then it shows this economy is still weak and gas prices should be lower, not higher.

 

Here's a lil dose of REALITY for ya.



Labor Force participation is on a death slide. The last thing this country needs is another 4 years of failed economic policies.

 

Obama's energy Secretary thinks higher gas prices strengthens the economy. Obama appointed a Moron!

The job numbers will continue to decline under Obama due to his cockamamie policies on energy and the economy.

 

The only reason is because the Republican dominates state governments in an "anti-Stimulus" have fired about 1/2 million workers.

 

The only reason is because the Republican dominated state governments in an "anti-Stimulus" have fired about 1/2 million workers.

 

We are struggling to compete in a global market and I doubt the president can do much to change this.

 

"Romoney"...best Freudian slip ever

 

Obama compared to our last president:

o The Unemployment rate is now the same as when Obama took office. At this point in Bush's term it was 1.2 percentage points higher.

o Since Obama's first year, the deficit has fallen by $300 billion. Since Bush's first year, a $128 billion surplus exploded to a $412 billion deficit at this point in Bush term.

o The Dow is up 70% since Obama took office. At this point in Bush's term, the Dow was down 6.7%.

o Since Obama took office, there has been a net gain of over 500,000 private sector jobs. At this point in Bush's term, there was a net loss of 1.5 million private sector jobs.

Measured against where they started, Obama kicks Bush's ass in every major categoy.

Why the hell would any rational person want a president more like Bush? Maybe the 1%. They did well.[/QUOTE]

Another president with the same policies as Bush is not the kind of President America needs or wants. But may end up getting.

 

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.

But now the economy has been growing steadily for three straight years, the private sector has added more jobs every month for 32 months in a row, stock markets are up over 100% from their recession lows, the unemployment rate has fallen from above 10% to 7.8%, and over 4.7 million additional private sector jobs have been added since Jan 2010.

And this despite an obstructionist Tea Party Republican party whose stated top priority is not to work with the president to improve the economy but get him out of office.

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

 

Blah...blah...blah. We've heard all those crapola talking points before. There isn't a shred of evidence that ANYTHING Obama has done wouldn't have occurred anyway as the economy stabilized on it's own.



Obama GDP Jan 2009 to Sept 2012




Reagan GDP Jan 1981 to Sept 1984

http://www.tradingeconomics.com/united-states/gdp-growth

Reagan's unemployment...

1981-01-01 7.5
1981-02-01 7.4
1981-03-01 7.4
1981-04-01 7.2
1981-05-01 7.5
1981-06-01 7.5
1981-07-01 7.2
1981-08-01 7.4
1981-09-01 7.6
1981-10-01 7.9
1981-11-01 8.3
1981-12-01 8.5
1982-01-01 8.6
1982-02-01 8.9
1982-03-01 9.0
1982-04-01 9.3
1982-05-01 9.4
1982-06-01 9.6
1982-07-01 9.8
1982-08-01 9.8
1982-09-01 10.1
1982-10-01 10.4
1982-11-01 10.8
1982-12-01 10.8
1983-01-01 10.4
1983-02-01 10.4
1983-03-01 10.3
1983-04-01 10.2
1983-05-01 10.1
1983-06-01 10.1
1983-07-01 9.4
1983-08-01 9.5
1983-09-01 9.2
1983-10-01 8.8
1983-11-01 8.5
1983-12-01 8.3
1984-01-01 8.0
1984-02-01 7.8
1984-03-01 7.8
1984-04-01 7.7
1984-05-01 7.4
1984-06-01 7.2
1984-07-01 7.5
1984-08-01 7.5
1984-09-01 7.3
1984-10-01 7.4
1984-11-01 7.2
1984-12-01 7.3
1985-01-01 7.3

Obama's unemployment...

2009-01-01 7.8
2009-02-01 8.3
2009-03-01 8.7
2009-04-01 8.9
2009-05-01 9.4
2009-06-01 9.5
2009-07-01 9.5
2009-08-01 9.6
2009-09-01 9.8
2009-10-01 10.0
2009-11-01 9.9
2009-12-01 9.9
2010-01-01 9.7
2010-02-01 9.8
2010-03-01 9.8
2010-04-01 9.9
2010-05-01 9.6
2010-06-01 9.4
2010-07-01 9.5
2010-08-01 9.6
2010-09-01 9.5
2010-10-01 9.5
2010-11-01 9.8
2010-12-01 9.4
2011-01-01 9.1
2011-02-01 9.0
2011-03-01 8.9
2011-04-01 9.0
2011-05-01 9.0
2011-06-01 9.1
2011-07-01 9.1
2011-08-01 9.1
2011-09-01 9.0
2011-10-01 8.9
2011-11-01 8.7
2011-12-01 8.5
2012-01-01 8.3
2012-02-01 8.3
2012-03-01 8.2
2012-04-01 8.1
2012-05-01 8.2
2012-06-01 8.2
2012-07-01 8.3

http://research.stlouisfed.org/fred2/data/UNRATE.txt

The numbers don't lie. Reagan inherited an economy that was just as bad, in fact unemployment hit higher peaks. 2 Presidents with horrible economies, 2 different approaches, 1 worked magnificently the other failed miserably. Obama's and the Democrats economic policies have been nothing short of a train wreck. He had his chance with cockamamie ideas, they failed. It's time we sent him back to Chicago, maybe someday he'll be ready to be President but this country and the people simply can't take any more on the job training for the rookie.

 

What an amazing thing for you to say:

Once again, just depends on whether we're talking about positive or negative data, doesn't it?

Well isn't that interesting? They both were at just about the same point they started at this same point in their terms. Yet Reagan for that Reagan deserved another term and Obama doesn't.

You want to compare the last Republican you all put into office?

Reagan inherited a booming ecnomy, sorry. It started tanking only after he took office, and it was because the Fed cranked up the interest rates to 20%. As soon as they brought them down the economy took off again.

Reagan employed a massive stimulus program to power the recovery. Deficits tripled after he took office and he ran up the debt 180%. But the Reagan recession, while sharp, was nothing like the asset bubble collapse and resulting structural and financial implosion Obama inherited.

 

Some new data from Gallup shows the jobless rate to have fallen even lower. The Obama economic recovery would be doing even better than it is now if Obama had been able to get his jobs bill passed but the fierce Republican obstructionism in Congress blocked that because they were determined to try to block any Obama accomplishments no matter how much their actions hurt the country and the working people. The Plutocrats for whom Romoney is the front man don't give two hoots in hell about the working people of America.

U.S. unemployment at lowest point since 2010 according to Gallup
DigitalJournal
Oct 19, 2012
(excerpts)
According to a recent Gallup poll both unemployment and underemployment has dropped since September with the unadjusted unemployment rate at its lowest point since January of 2010. Earlier this month the Labor Department released the employment numbers for September which indicated that unemployment had dropped to 7.8%, under 8% for the first time in three years. Though some have questioned the validity of those numbers, a recent poll by Gallup indicates that October may be even better. According to the Gallup mid-month unemployment numbers for October both unemployment and underemployment are down; further, the unadjusted unemployment rate is “at a new low since Gallup began collecting employment data in January 2010.” Considered a good indicator of what the end of month numbers will look like the Gallup poll shows that the unadjusted unemployment rate is at 7.3%. The seasonally adjusted rate – which “incorporates the .04 upward adjustment used by the U.S. Bureau of Labor Statistics (BLS) in October of last year” to account for seasonal work – has dropped as well to 7.7%, slightly lower than September and a full percentage point lower than October of 2011.

 

Employment numbers could be shoved through the roof if we could get the Mexican illegals hooked on welfare. That would open up millions of "new jobs", plummeting that strangely pliable but highly regarded jobless rate. If we could use "Obama money" we could put everybody on welfare. That way we could have a negative unemployment figure for the media to pleasure themselves over and nobody but Democrats would ever stand a chance of getting elected. By God, that sounds like an agenda!