Obama Promised Unemployment Rate at 5.2% After Stimulus… Today It’s at 8.3% Instead (votes, conservative)

[jt800]

Originally Posted by MTAtech

"Obama Promised Unemployment Rate at 5.2% After Stimulus…"

No, he didn't:

Says that President Obama promised that with the stimulus plan, "unemployment would never go above 8 percent. He even said it would be 6 percent by now."
Verdict:

Hahahahahaha.......The chart that proves he promised that came from the White House website.

Then the Wall Street Journal article (dated from when he said it) ALSO backs-up the chart.

NO ONE has stated that he ever said it would never go above 8% anyhow.

What he DID say was that it would be at 5.2% by now.

[MTAtech]

Originally Posted by jt800

Hahahahahaha.......The chart that proves he promised that came from the White House website.

Then the Wall Street Journal article (dated from when he said it) ALSO backs-up the chart.

NO ONE has stated that he ever said it would never go above 8% anyhow.

What he DID say was that it would be at 5.2% by now.

charts don't make promises.

As Politifact said, The administration never characterized it as a promise and included plenty of disclaimers saying the predictions had "significant margins of error" and a higher degree of uncertainty due to a recession that is "unusual both in its fundamental causes and its severity." It was an economic projection with warnings of a high margin for error, not a take-it-to-the-bank pledge of an upper limit on unemployment.

Nobody at the time knew that the economic downturn was a negative 6% of GDP. Given what they thought they knew at the time, the economic team made a prediction and said it could be wrong.

You want to call that a promise? Go right ahead.

[swbtoo]

FLASHBACK: Obama: My Presidency Will Be 'A One-Term Proposition' If Economy Doesn't Turn In 3 Years - YouTube

He promised to leave, and now he wants more time. That's another promise he's broken.

[jt800]

Originally Posted by MTAtech

charts don't make promises.

OMG!!!!!! Liberals tried to say bull-eyes on a MAP meant Palin wanted someone SHOT for god's sake!!!

This CHART was on the White House Website boasting about how the stimulus would save the economy and jobs!!!!

But...nevermind, we didn't really mean it huh? You've GOT to be kidding? That is the lamest thing I ever heard.

As Politifact said

Screw PolitFact...they are the White House's apology dog.

Nobody at the time knew that the economic downturn was a negative 6% of GDP.

They didn't know? That's the SECOND lamest thing I ever heard! It's only his JOB to KNOW!!!!!

You want to call that a promise? Go right ahead.

Call it anything you want too, but putting that chart up on the White House website and telling people that if they got the Stimulus passed that would be the result sure does seem an awful lot like a promise!!

I'll bet you wouldn't excuse Bush so quickly.

Besides....Obama and his adminstration talked about it AND they RELEASED a big thick blue BOOK detailing HOW it would accomplish that.

Which is how the Wall Street Journal got it's information about his plan. If they "didn't know it" then why does the Wall Steet Journal talk about that fact?:



The Wall Street Journal reported:

The famed Rosy Scenario, coined in the early days of the Reagan White House when large tax cuts and higher defense spending were assumed to be paid for in part by strong economic growth, is a cornerstone of the Obama administration’s first multiyear budget.

After contracting at a 1.2% rate in 2009, a more modest drop than the Congressional Budget Office and Blue Chip Consensus forecasts assume, the White House sees growth domestic product growth snapping back by 3.2% next year and then 4% or higher the three years after that.

........................


The unemployment rate at the end of President Barack Obama‘s term in 2013 will be just 5.2%, according to the White House. The rate currently sits at 7.6%, and many economists expect it to climb past 9% before the recession ends. A report Thursday showing jobless claims at a 26-year high supports the more pessimistic forecasts, at least in the short run.

[70Ford]

Originally Posted by Zimar

LOL @ responding to your own post... twice.

Get some fresh air dude!!

I've notced that as well. There's an edit button. They don't use it. I think they just like bumping their own threads to somehow make it seem relevant.

[jt800]

Originally Posted by 70Ford

I've notced that as well. There's an edit button. They don't use it. I think they just like bumping their own threads to somehow make it seem relevant.

Not when I have a sock-puppet to do it for me...thanks!

[eRayP]

In Washington DC unemployment is down in the 5% range.

[Zimar]

Originally Posted by eRayP

In Washington DC unemployment is down in the 5% range.

*buzzer*

Do you ever write something that you haven't just made up?

It's at 9%. You've never been to D.C., have you?

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

In the metropolitan D.C. area., which is enormous and spans 3 states, it is 5.7%.

Region

[eRayP]

Washington Metro Division Shows an Overall Increase of 11,000 Jobs in June | does

(Washington, DC) - The District of Columbia Department of Employment Services (DOES) reported today that the preliminary June job estimates show an increase of 11,000 jobs for a total of 2,477,600 jobs in the Washington Metropolitan Division. The public sector decreased by 2,400 jobs, accompanied by an increase of 13,400 private sector jobs. The Washington Metropolitan Division's not seasonally adjusted June 2012 unemployment rate was 5.8 percent, which is up 0.4 percent from the May rate of 5.4 percent.

[eRayP]

Regardless, Obama is doing a terrible job and has not done a thing for middle America but spend our money.