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You have to remember that Bush's recession was the worst since the great depression. The unemployment rate after the great depression took almost 14 years to recover.
Democrats are doing their best but you have to remember the magnitude of the mess handed to them by Bush/Cheney.
Well since the Dems are taking responsibility for the recovery why didn't they aim for higher paying jobs ?
Why create all these low paying service jobs ?
Why are the Dems setting the bar so low ? Is that really "the best" the Dems can do ?
Not so true. The Clinton Economy started to take a downward turn. Bush recovered well after 911. Plus he never blamed President Clinton for the down turn. Just got to work Texas Style!
Day and and day out. Nothing but lies and revisionist history.
Worse, they are lies that are so easily disproved to not even be good lies.
"Bush and Vice President Dick Cheney, in separate speeches Wednesday, both claimed the U.S. economy was already in recession when they were inaugurated in January 2001, implying the blame for the slowdown rested on President Clinton's shoulders."
Sounds like lots of excuses to me:
""When I took office, our economy was beginning a recession," Bush said in a speech at a Mississippi high school. "Then our economy was hit by terrorists. Then our economy was hit by corporate scandals. But I'm certain of this: We won't let fear undermine our economy and we're not going to let fraud undermine it either.""
And we all know, it just went downhill like a 2-ton boulder from there.
As for the OP, still better than Saint Ronnie.
"“President Obama has achieved a 6.1% unemployment rate in his sixth year, fully one year faster than President Reagan did. At this point in his presidency, President Reagan was still struggling with 7.1% unemployment, and he did not reach into the mid-low 6% range for another full year. So, despite today’s number, the Obama administration has still done considerably better at job creating and reducing unemployment than did the Reagan administration."
Note that under Reagan, unemployment was still in the mid-low 6% range in his seventh year as president.
It is already below 6% under Obama.
Further:
“What’s now clear is that the Obama administration policies have outperformed the Reagan administration policies for job creation and unemployment reduction. Even though Reagan had the benefit of a growing Boomer class to ignite economic growth, while Obama has been forced to deal with a retiring workforce developing special needs. During the eight years preceding Obama there was a net reduction in jobs in America. We now are rapidly moving toward higher, sustainable jobs growth.”"
Lots of other positive indicators in the article, linked below.
Day and and day out. Nothing but lies and revisionist history.
Worse, they are lies that are so easily disproved to not even be good lies.
Actually, the dot com explosion was what gave Clinton his lower deficits, just as the dot com bust came into full blossom in GWB's first term. Let's not forget a little thing called 911, which sent the markets reeling for two years. And then there's the RE bubble which Clinton got started because Congress was pressured to lower lending qualifications. And then there's Glass Steagall which Clinton repealed, leaving banks open to gamble deposits like they were on a Vegas junket.
To blame either side solely is revisionist history. Both sides are equal in either doing or allowing it.
"“President Obama has achieved a 6.1% unemployment rate in his sixth year, fully one year faster than President Reagan did. At this point in his presidency, President Reagan was still struggling with 7.1% unemployment, and he did not reach into the mid-low 6% range for another full year. So, despite today’s number, the Obama administration has still done considerably better at job creating and reducing unemployment than did the Reagan administration."
Note that under Reagan, unemployment was still in the mid-low 6% range in his seventh year as president.
It is already below 6% under Obama.
LOL!
I guess you didn't know, Clinton changed the way unemployment was calculated by the government to feed to the media.
Had the two been calculated the same, Obama would be at 12%, while Reagan at 7%, and if calculate like when FDR was in office, it would be near 20%.
Actually, the dot com explosion was what gave Clinton his lower deficits, just as the dot com bust came into full blossom in GWB's first term. Let's not forget a little thing called 911, which sent the markets reeling for two years.
Dot com bust.... The 2000, China Free Trade Act - by Bill Clinton. Which also had an amendment to repeal Glass - Stegal
Not that the President has much to directly do with the unemployment rate, but I bet this thread wouldn't exist if we were talking about a President Romney.
Of course we would except liberals would be complaining about the unemployment rate under Romney.
Location: East Central Pennsylvania/ Chicago for 6yrs.
2,535 posts, read 3,282,012 times
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Quote:
Originally Posted by BentBow
LOL!
I guess you didn't know, Clinton changed the way unemployment was calculated by the government to feed to the media.
Had the two been calculated the same, Obama would be at 12%, while Reagan at 7%, and if calculate like when FDR was in office, it would be near 20%.
When FDR was in office only men were seen as unemployed.
Perhaps we should calculate as if women not heads of households or much of a factor as in the 50s? todays numbers have them equally factored?? Back in the 50s most women didn't work. Today they do? Two incomes are far more standard today in the numbers. If you are collecting unemployment it's automatically putting you in these numbers. No so in bygone times.
Is there anything politically that isn't? Or can't be spin today?? For a political agenda?
Anyone who thinks one political party is most honest, only they have all morals? All religious truth? In every administration, had their choices, the only good ones? Does not spin? No way near the corruption of the other? Only their party ruled over boom periods and no matter how many years back you have to go? The other party is to blame for a downturn?
Perhaps I'm missing a lot? I think the both have plenty of blame in history.
I just don't like when another's finger pointing of something political? I prefer of a opposing party to them, right away its some agenda?
Well since the Dems are taking responsibility for the recovery why didn't they aim for higher paying jobs ?
Why create all these low paying service jobs ?
Why are the Dems setting the bar so low ? Is that really "the best" the Dems can do ?
Why do conservatives always deflect everything?
"You succeeded at A. Why didn't you succeed at A and B?"
"You succeeded at A. Why didn't you succeed at A and B?"
Well with "A "being low paid service jobs I was only asking why the bar was not set higher.
How is that deflection ?
60% of the jobs created last year were for HS or less education.
If that is your bar then stop encouraging student to go to college and take on $40K worth of debt.
In a capitalist society to find the cause of something all you have to do is follow the money. When you do that you find both parties are the greenback party. The entertainment they provide is the division of principles like two girls fighting over the same doll. When the doll has it's arms and legs ripped off each has some satisfaction, and something in their hand, but the doll no longer exist and the fighting is over. Those with the money feel as if they were paid to provide this entertainment and are the only ones rewarded. When politics is the doll it can last forever. Who are the ones rewarded ? Answer that and you have identified the problem and the solution.
The cause of unemployment is rooted in monetary policy that creates the boom and bust cycle.
Last edited by phma; 10-06-2014 at 02:44 PM..
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