Feb. 17, 2014 is 5th anniversary of Prez Obama’s successful Stimulus Plan

8.2 million in 53 months, and 762,000 of those were added government jobs.

Obama: 7.8 million in 48 months, with a 667,000 decrease in government jobs.

Maybe we should be doing it more like when Bush was president?

(fiscal years)
Bush
Spending increase, 2001-2005: +32.7%
Total Government employment, 2001-2005: +603,000

Obama
Spending increase, 2009-2013: -1.89%
Total Government employment, 2009-2013: -667,000

By Jan 2007 it was already all over, the damage was done, and it was just a matter of time:

 

It just shows how the severity of the recession was unknown back in 2008.

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Going up, but much more slowly than it was 5 years ago.

 

Because everyone knows the Great Recession was all Obamaaaaaama's fault.



Say it bleatingly.

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LOL, "the Washingtonexaminer" says unemployment is 37.2%

Yet another example how RW propaganda deceives and fools the ignorant and gullible.

 

They were very wrong, I agree. They greatly underestimated the severity of the Great Recession Obama inherited. But so did many others back in 2008.

 

Write your Tea Party reps and tell them to compromise with a tax increase if you're really worried about the deficit.

 

Sure they do. They count discouraged workers. They don't account for the drop UR

Oh golly, who can forget what a wonderful time that was. Here's some more numbers for you to reflect back on when Bush left office:


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 8.9] 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/2009/01/continued-unemployment-claims-at-record.html

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Let's have another worldwide GR like Bush left us so we can get gas prices back down to $2/gal. Splendid idea!

 

Funny, liberals were worried about it when Bush was president, what did Barrack the boy king do to assuage their worries? Why would it be wrong for the opposition to worry about such, particularly when the debt has risen so fast since Obama's reign began...

 

A lot.

Year - Tot. defict:GDP
2009 -9.8%
2010 -8.7%
2011 -8.4%
2012 -6.7%
2013 -4.0%

Not only is the deficit proportionate to GDP far lower than when Bush2 left office, its lower than when Bush1 left office.

 

Yet the debt keeps climbing...

http://www.usdebtclock.org/

 

Yet much more slowing than when Obama took office. It's close to the point where it is growing more slowly than the economy.

 

ROLF! Obama is the awesomestist at economical stuff... yah?

What a joke.

He has ran up the National Debt to $17.5 Trillion and will have it well past 22 Trillion before he leaves... that means he will have more than doubled it and ran up more that every other president... COMBINED.

People like you celebrate the theft of our children's future. Pathetic.

 

Well sure, because the economy was doing so peachy and President Bush left Obama a nice fat surplus like he got, right?



Conservatives make sense. If you ignore reality.

Sure, and how many times have you written to your Tea Party reps to tell them to raise taxes to get the deficit down?

People like you celebrate the theft of our children's future so the 1% can get richer. Pathetic

 

According to the US department of labor

 

Link to BLS webpage that supports your contention that Unemployment is higher now than Feb 2009, please.

I call bull(*)(*)(*)(*).

 

EXACTLY!
First define what "success" means when our economy limps along like Bette Davis days before her death. And then with debt expected to pass $22 trillion dollars before he leaves office explain how that benefits our nation.

 

Expected by whom?

The debt is $17.4 trillion now. Last year it increased by less than $700 billion, and it has been increasing by a smaller amount each year since 2009. With less than three years to go, it's likely it won't hit $20 trillion, let alone $22 trillion.

 

Some market savvy people. http://archive.etfguide.com/commentary/1138/Will-U.S.-Public-Debt-Reach-$22-Trillion-by-Feb.-2014/
The spending caps are now gone and the cost of Obama Care keeps rising.

Let's say you are right, for the sake of argument. The question remains the same: How does a debt of $20 trillion dollars (!) benefit the nation?

And are you afraid that future generations of Americans, saddled with unconscionable debt, will harness time travel and come back and
beat the hell out of apologists like you?

 

Can you imagine if those that support this massive debt like Iremon had to face the generations that are getting screwed? What an epic beat down he would receive.

 

Less than 700 billion...really?
1/20/2009-debt 10,625,877,048,913.08
12/31/2009-debt 12,311,349,677,512.03 +1,685,472,628,598.95
12/31/2010-debt 14,025,215,218,708.52 +1,713,865,541,196.49
12/31/2011-debt 15,522,940,045,451.09 +1,497,724,826,742.57
12/31/2012-debt 16,432,730,050,569.12 + 909,790,005,118.03
12/31/2013-debt 17,351,970,784,950.15 + 919,240,734,381.03
2/19/2014-debt 17,384,809,949,436.77 + 32,839,164,486.62

 

If you are contesting with the so called Community Reinvestment Act of 1977, that is absolute BS because over a quarter century of deregulation passed, including the daddy of them all, the Reagan years up to the 2007 housing bubble to now blame a bygone CRA.

Nice try though, try again.

Best Regards
Lobato1

 

Yet,you can do it.....hmmm

 

Obviously you didn't read the url he referenced & that I in a round about answered about the inanity of futuristic "guesstimates" & I quote his url verbatim:

BOTTOM LINE

In Hindsight, futuristic projection "guesstimates" have seldom if ever been proven right. Ergo: Your guess is as good as mine.

& my TP was about past results & period.

​

Best Regards
Lobato1

 

The chart's projections start in 2008 & end well before August 2012 on the X-axis & agree with you that the obvious conclusion is that the severity of that recession was unknown in 2008.

Best Regards
Lobato1

 

Nice essay, don't expect a reply from the right wingers.

LOL & best regards
Lobato1

 

Okay your on:
Lets debate simple numbers as follows & in round numbers:

The Reagan/Daddy team encountered a total historical National Debt of $950 billion bucks in 1980 & left a $4.5 Trillion debt for the incoming Clinton administration meaning a staggering 474% increase to the National Debt.



Clinton inherited a $4.5 Trillion National Debt & left a $5.5 Trillion debt for Bush Junior meaning a 22% increase to the National Debt.



Bush Junior inherited a $5.5 Trillion National Debt & left a $12 Trillion debt for Prez Obama meaning a 220% increase to the National Debt.




Prez Obama inherited a $12 Trillion National Debt & it now stands at some $17.27 Trillion meaning a 44% increase to the National Debt
​

BOTTOM LINE:
Why weren't you worried about our National Debt when GOPers occupied our Executive branch?


Best Regards
Lobato1