Unempoyment rate June 2006 compared to June 2009 (health care, solution, ideology, party)

[roysoldboy]

Originally Posted by AnUnidentifiedMale

As usual, you're right. I bow to your greatness and superiority.

I also just noticed that the unemployment rate consistently went downward while Clinton was president, and as soon as Bush took office, it began to climb back up. But I'm sure that's the fault of Democrats and liberals too, right?

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

Let me see if I understand now. I'm a Democrat, so you'll have to forgive me - I'm a slow learner. I think the lesson you're trying to teach us is this: When the economy is getting better under Democrats, it's really the Republicans who deserve the credit, and when the economy is getting worse under Republicans, it's really the Democrats who deserve the blame. Do I have it right?

I don't remember that time the economy got better under Dems. Now don't you go saying it was Clinton, when you know that Republicans controlled the last 6 years of his administration. Lets just say that they worked better with him than the Dems today do with the Republicans.

I remember that things weren't so hot with Eisenhower his first two years when Republicans controlled Congress and got better and better after the Dems took back over. Could it be that sometimes the parties work with whoever is President and others they don't? I sure think that is true. Maybe the Republicans will take one house back in 2010, especially if the dems manage to bring Crap and Tax to fruition.

[boiseguy]

ok.. so your right wingers want to call a bubble solid economic activity????
you do realize that the stock market, not to mention housing markets are falling to levels pre-bush administration... so basically the entire "great economy" time period you're speaking of was nothing more than smoke and mirrors...

[AnUnidentifiedMale]

Originally Posted by roysoldboy

I don't remember that time the economy got better under Dems. Now don't you go saying it was Clinton, when you know that Republicans controlled the last 6 years of his administration.

The unemployment rate began to fall the first month that Clinton took office, and then continued to drop until the first month Bush took office.

Economies do rise and fall under both Republicans and Democrats. The lengths to which some people go to ignore this fact is astonishing to me.

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

[delusianne]

Originally Posted by MovingForward

Actually, what you first need to do is take a few courses in economics and history.

Under Bush: Low unemployment due to artificially bloated market.

Under Obama: Attempt to address Bush's exploded phony market.

Btw, what were the unemployment figures in January 2009?

For the life of me I dont see how this is difficult to understand.

[Bluefly]

Originally Posted by Sunny-Days90

McCain did not win, so what does that have to do with anything at all?

The fact is Obama promised himself into a job that was way over his head and promised he would run our country on a budget and fix everything under the sun.

The fact that he has spent us into trillions and nothing to show for it is totally his fault and it is also your lib controlled congress fault for allowing him the change to trash the country and put us in such debt that we may never recover from.

This mess is Obamas and is the liberals fault, like it or not.

I really don't think you understand economics very well. I don't mean that as an insult, but the notion that you could blame Obama for this bubble market that began years before really undermines your credibility.

Granted, the stimulus may not be as effective as they'd hoped, but then neither was Bush's $700 billion stimulus. So, perhaps it's simply a market problem that needs to play itself out.

[Icy Tea]

You're confusing people with facts, Sunny Days. But watching people do mental gymnastics to defend the ever increasing mess Obama is causing is kind of fun.

[delusianne]

Originally Posted by Icy Tea

You're confusing people with facts, Sunny Days. But watching people do mental gymnastics to defend the ever increasing mess Obama is causing is kind of fun.

Dec. 17, 2008:

What many Americans have felt all year is now official: The U.S. economy has been in a recession since December 2007.

The last business cycle that ended in December 2007 was marked by the weakest employment growth since the Great Depression, flat wages, declining benefit coverage, and deep indebtedness—in short, we are woefully unprepared for the current crisis. As the labor market recession accelerates, more and more families are succumbing to the pressures, declaring bankruptcy, and defaulting on their loans. Policymakers need to step in before the current economic downturn becomes even longer, deeper, and more painful for more Americans.

1. Job losses accelerate. The U.S. economy lost 1.9 million jobs in the first 11 months of 2008, including 533,000 jobs in November. This was the largest negative job growth rate since May 1980. Almost half of all job losses in 2008—44.6%—came during the last two months.

Economic Snapshot for December 2008

By Jan 2009 the official unemployment rate was

Originally Posted by MIKEETC

7.6%

January Unemployment Rate Hits 7.6 Percent: What You Need to Know - US News and World Report

So... please explain how all this was Obama's fault.

[delusianne]

As for the D-controlled Congress since 2006, please indicate what enacted legislation created the economic mess Obama is trying to clean up.

http://en.wikipedia.org/wiki/109th_C...or_legislation

http://en.wikipedia.org/wiki/110th_c...or_legislation

http://en.wikipedia.org/wiki/111th_C...or_legislation

[shorebaby]

Originally Posted by MovingForward

Actually, what you first need to do is take a few courses in economics and history.

Under Bush: Low unemployment due to artificially bloated market.

Under Obama: Attempt to address Bush's exploded phony market.

Btw, what were the unemployment figures in January 2009?

Now isn't that what Republicans said about Clinton's "surplus"? Wasn't it based on the tech bubble? I recall Dems dismissing that thought.

[shorebaby]

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.

Don't forget how Reagan fixed the economy. Massive tax cuts (don't even try it, revenue went up). What are we doing now, an orgy of spending that will require tax increases. All his moves are job killers.