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Sure, we would all love to see 4% unemployment rate that we did in 2000-2001... but let us not forget the disaster of a decade that the 2000s had been. As for trade imbalance, how exactly do we go about fixing that in a short time? What do you consider to be a logical time frame for all that?
Most of 2000s were actually pretty good for most people. Not so much since Obama took office. Granted he took over in troubled times. He spent an enormous amount of money for very little gain.
My point in the post you responded to, was there are many more economic indicators which need to turn around before anyone declares Obama a success. Tepid job growth won't cut it.
Most of 2000s were actually pretty good for most people.
How so? If 216K more jobs in the private sector, for example, is pathetic growth, but ends up being the second best February in an entire decade, there isn't much to talk about that, is there?
Let me ask you one more thing... list the best to worst years of employment growth, beginning in 2001. If you can't, let me know and I will do it for you.
Not sure why we are getting "whingers" when employment is once again growing in the USA.
Just proves that no matter what our President does to get America back on its feet it will NEVER be enough for the Obama haters........... It really has NOTHING to do with America's recovery but pure hatred for the President.............. The Economy IS recovering............ get over yourselves anti-Obama brigade!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
How so? If 216K more jobs in the private sector, for example, is pathetic growth, but ends up being the second best February in an entire decade, there isn't much to talk about that, is there?
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Let me ask you one more thing... list the best to worst years of employment growth, beginning in 2001. If you can't, let me know and I will do it for you.
Most of the Bush years had low unemployment and people had loads of disposable income due to the rising values of their homes. To suggest the 2000 were anything less than better that average is untrue. Especially considering 9/11 did serious economic damage to the country.
When you have near full employment it is slightly more difficult to have record job growth, than when you preside over historic unemployment rate.
Last edited by shorebaby; 03-12-2012 at 02:27 PM..
Not sure why we are getting "whingers" when employment is once again growing in the USA.
Just proves that no matter what our President does to get America back on its feet it will NEVER be enough for the Obama haters........... It really has NOTHING to do with America's recovery but pure hatred for the President.............. The Economy IS recovering............ get over yourselves anti-Obama brigade!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Despite your enthusiasm, I assure you Obama will not campaign on how great the economy is. I certainly hope 8%+ unemployment, after spending trillions of dollars, isn't good enough for you. Only an unabashed Obama cheerleader would think he has been successful.
This thread strikes me as not much more than an effort by LordBalfor to wipe the pie off his face for predicting that 2010 would be a steady climb back to economic prosperity (as he proclaimed prominently in many threads back then). That we're discussing a "months" worth of data points is not that impressive to me and reeks of a saving face effort.
Most of the Bush years had low unemployment and people had loads of disposable income due to the rising values of their homes. To suggest the 2000 were anything less than better that average is untrue. Especially considering 9/11 did serious economic damage to the country.
Given your love for official unemployment rate during Bush years, and not so much of the same since Obama took office, let me cut you some slack and provide you with a dose of reality. The following is the size of private sector payroll growth by the year, for the same period as Obama (first 38 months):
Under Bush...
2001: -2.42 million
2002: -0.57 million
2003: +0.24 million
2004: +0.20 million (Two months)
Net growth in private sector payroll over 38 months: -2.51 million
Net growth in private sector payroll over last 26 months: -0.13 million
Under Obama...
2009: -4.19 million
2010: +1.41 million
2011: +2.27 million
2012: +0.52 million (Two months)
Net growth in private sector payroll over 38 months: +0.01 million
Net growth in private sector payroll over last 26 months: +4.2 million
You see, those fantastic years of low employment rate during first term of Bush don't look quite fantastic with perspective, do they? Unless, having a smaller size to private sector payroll is a good thing?
BTW, 2011 was the second best calendar year for private sector job growth since 2000, topped only by 2006. And if you were to growth in private sector payroll during first two months of any calender year since 2000, here is how they rank (top three, best to worst):
2006 (600K)
2011 (518K)
2010 (376K)
It would be logical to see better years ranking higher and no 2010 and 2011? Please get a clue.
This thread strikes me as not much more than an effort by LordBalfor to wipe the pie off his face for predicting that 2010 would be a steady climb back to economic prosperity (as he proclaimed prominently in many threads back then). That we're discussing a "months" worth of data points is not that impressive to me and reeks of a saving face effort.
More that that, it's the attempt by all the Obama cheerleaders to spin any glimmer of positive news, in an otherwise awful economy, into proof that Obama is a successful President. This thread is instructive in the headwinds the Obama campaign will face.
Given your love for official unemployment rate during Bush years, and not so much of the same since Obama took office, let me cut you some slack and provide you with a dose of reality. The following is the size of private sector payroll growth by the year, for the same period as Obama (first 38 months):
Under Bush...
2001: -2.42 million
2002: -0.57 million
2003: +0.24 million
2004: +0.20 million (Two months)
Net growth in private sector payroll over 38 months: -2.51 million
Net growth in private sector payroll over last 26 months: -0.13 million
Under Obama...
2009: -4.19 million
2010: +1.41 million
2011: +2.27 million
2012: +0.52 million (Two months)
Net growth in private sector payroll over 38 months: +0.01 million
Net growth in private sector payroll over last 26 months: +4.2 million
You see, those fantastic years of low employment rate during first term of Bush don't look quite fantastic with perspective, do they? Unless, having a smaller size to private sector payroll is a good thing?
BTW, 2011 was the second best calendar year for private sector job growth since 2000, topped only by 2006. And if you were to growth in private sector payroll during first two months of any calender year since 2000, here is how they rank (top three, best to worst):
2006 (600K)
2011 (518K)
2010 (376K)
It would be logical to see better years ranking higher and no 2010 and 2011? Please get a clue.
You clearly didn't read my entire post or you would discover you are comparing apples and oranges. Bush presided over nearly full employment for most of his administration, thus making it very difficult to obtain the same job growth numbers when compared to nearly 20% real unemployment.
I admire your trying to save Obama but the vast majority of people reminded daily how awful the economy is.
It takes time for the policies of a new President to kick in. To assume that effects from a previous President stops the day the new President steps into the Whitehouse is soooo naive.
In May 2009, the official U-3 unemployment rate was 9.4%, having climbed from 5.4% in May of 2008. Unemployment peaked in October 2009 at 10.1% and has declined to 8.3% currently.
The peak was not due to Obama as he had little time to affect that but the downturn from 10.1% to 8.3% and falling is due to Obama's policies............get real here!
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