Unempoyment rate June 2006 compared to June 2009 (McCain, NAFTA, employment, Afghanistan)

[MovingForward]

Originally Posted by MIKEETC

7.9%

Uh . . . thanks.

[MIKEETC]

Originally Posted by MovingForward

Uh . . . thanks.

I edited my post. The correct figure is 7.6% according to the Bureau of Labor Statistics.

[MovingForward]

Originally Posted by MIKEETC

I edited my post. The correct figure is 7.6% according to the Bureau of Labor Statistics.

Thank you.

[AnUnidentifiedMale]

After Ronald Reagan took office, the unemployment rate went up to 10.8%.

What was the worst unemployment rate under Carter? 7.8%.

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

In fact, the economy under Reagan grew worse for 2 years straight, and during those first two years, Reagan blamed all of the economic problems on Carter. It wasn't until 1983 that things began to get better.

So whine all you want, Obama-haters, there's plenty of time for the economy to get better and for Obama to win a second term.

[kerrymac]

Originally Posted by AnUnidentifiedMale

After Ronald Reagan took office, the unemployment rate went up to 10.8%.

What was the worst unemployment rate under Carter? 7.8%.

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

In fact, the economy under Reagan grew worse for 2 years straight, and during those first two years, Reagan blamed all of the economic problems on Carter. It wasn't until 1983 that things began to get better.

So whine all you want, Obama-haters, there's plenty of time for the economy to get better and for Obama to win a second term.

Ya because Carter fked things up so bad it took that long to fix and No-bama is pulling the same sh*t Carter did but biiger!

[Bluefly]

Originally Posted by AnUnidentifiedMale

After Ronald Reagan took office, the unemployment rate went up to 10.8%.

What was the worst unemployment rate under Carter? 7.8%.

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

In fact, the economy under Reagan grew worse for 2 years straight, and during those first two years, Reagan blamed all of the economic problems on Carter. It wasn't until 1983 that things began to get better.

So whine all you want, Obama-haters, there's plenty of time for the economy to get better and for Obama to win a second term.

That is an excellent point. Reagan oversaw the highest unemployment rate over the past 26 years more than 2 YEARS into his presidency, and yet he is widely credited with fixing the economy.

Give it time. He had to fix liberal problems then. Now Obama has to fix conservative problems. We should celebrate the ideological balance we have to be able to adjust so quickly and use different tools for different problems.

[AnUnidentifiedMale]

Originally Posted by kerrymac

Ya because Carter fked things up so bad it took that long to fix and No-bama is pulling the same sh*t Carter did but biiger!

How is that logical? You're blaming Obama for the current problems, but then you're also saying that Carter was responsible for Reagan's problems for the first two years he was president?

[jfields]

Originally Posted by Sunny-Days90

Call Barney Frank up and ask him how this mess started? Then call Bill Clinton and ask him, then call ACORN up and ask them and you might finally see why this mess was caused.

Of course you bypassed the real reason for the mortgage mess, it started under Clinton when he wanted to give people with bad credit homes.

Recently, Joe Biden said that every American deserves to own a home.

WRONG JOE! No American deserves anything unless you earn it first.

Liberals forced banks to loan money to losers and that caused the problem.

My facts above show you have no clue, facts are facts. Look at the numbers.

Do not forget to call Barney Frank up?

Come on, the whole reason the economic crisis happened was not because Clinton wanted to give people with bad credit subprime loans. I'd say that the lack of regulation of subprime loans did more damage than Clinton. Lenders like Countrywide were pushing subprime loans because they got a higher commission for them and gave them to many people that could have easily got a regular loan. It's the governments job to regulate the market to prevent this sort of thing from happening, and Bush refused to regulate anything. Could Clinton giving people with bad credit homes have contributed to the crisis? Yes. Is it the cause of the crisis? no. Did other things contribute moreto the housing crisis? yes. I'd say one of those things is Phil Grahm's deregulation bill that Clinton signed. I'm not letting Clinton off the hook for this. I actually think he was a bad president. However, Bush and his Republican buddies deserve the majority of the blame for this. Much the economic growth that occured under his watch was artificial growth because it was all debt. Now Obama is in charge with handling the severe hangover from America's debt party and you're blaming him for the whole crisis. And I'm not letting Obama off the hook either. America needs a clear break of Bush Administration policies and Obama hasn't given us that. However, I'm still going with Bush for the person that holds most of the blame for the current crisis. Your facts do not support the claim that Obama is to blame for what's going on right now because alot of the growth under Bush was debt, debt that's been defaulted on by now, and your stats are from 2006 and the economy didn't start to get bad until 2007 and it really got bad in 2008. Don't even think about blaming the Dems for what happened in 2007 and 2008 because everything they tried to do either got fillibustered or vetoed. I'm not the person that doesn't have a clue; it's you.

[thefinalsay]

Originally Posted by Bluefly

That is an excellent point. Reagan oversaw the highest unemployment rate over the past 26 years more than 2 YEARS into his presidency, and yet he is widely credited with fixing the economy.

Give it time. He had to fix liberal problems then. Now Obama has to fix conservative problems. We should celebrate the ideological balance we have to be able to adjust so quickly and use different tools for different problems.

nation building and insane spending are not conservative problems. they are republican problems. HUGE difference.

[MIKEETC]

Originally Posted by kerrymac

Ya because Carter fked things up so bad it took that long to fix and No-bama is pulling the same sh*t Carter did but biiger!

The same argument could be made in Obama's favor as follows:

Ya because Bush fked things up so bad it took that long to fix and Obama is pulling the same sh*t Reagan did but biiger!

Originally Posted by AnUnidentifiedMale

How is that logical? You're blaming Obama for the current problems, but then you're also saying that Carter was responsible for Reagan's problems for the first two years he was president?

^^ Or what he said...

Clinton's lowest unemployment rate was 3.8% in April of 2000. His highest was 7.3% in January of 1993 (his first 'month' in office after G. Bush).