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In fact, it has been days since we learned that the economy dropped 839K jobs in just one month. That is actually more jobs lost in a month than were added in eight years before then.
839 thousand jobs lost was more than the last eight years?
Think again.....
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By 2003, Mr. Bush grasped this lesson. In that year, he cut the dividend and capital gains rates to 15 percent each, and the economy responded. In two years, stocks rose 20 percent. In three years, $15 trillion of new wealth was created. The U.S. economy added 8 million new jobs from mid-2003 to early 2007, and the median household increased its wealth by $20,000 in real terms.
It is a whole lot better than it was in Jan 2009. In fact, go ahead and name ONE month from history when the economy dropped nearly 840K private sector jobs. Or, go ahead an list ANY period when the economy lost 8.8 million private sector jobs in just two years. And better yet, go ahead and list ANY time in history when private sector payroll at the beginning of a President's term was LOWER than it was eight years prior.
Then come back and make an argument.
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Originally Posted by jt800
839 thousand jobs lost was more than the last eight years?
Correct.
Private Sector Jobs, Dec 2000: 111,677
Private Sector Jobs, Dec 2008: 111,824
Net Change in eight years: +147K jobs
Only 147K jobs were added in private sector over a whole stinking eight years. And in just one month (Dec 2008), the economy dropped: 839K private sector jobs. Get it?
And, BTW, the economy has added an average of 148K jobs/month over each of last 32 months.... more a month on average than in those eight years. It can be better, sure... but you'd have to go back to Clinton years to find better growth.
It is a whole lot better than it was in Jan 2009. In fact, go ahead and name ONE month from history when the economy dropped nearly 840K private sector jobs. Or, go ahead an list ANY period when the economy lost 8.8 million private sector jobs in just two years. And better yet, go ahead and list ANY time in history when private sector payroll at the beginning of a President's term was LOWER than it was eight years prior.
Then come back and make an argument.
It's not over 100% better which is what it would have to be to make Obama's argument work.
If bad economies caused low gas prices, why then are gas prices high? You certainly aren't going to try and say this economy is good. Not even OBAMA says that!!!
It's not over 100% better which is what it would have to be to make Obama's argument work.
Economics doesn't follow your rules, obviously.
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If bad economies caused low gas prices, why then are gas prices high? You certainly aren't going to try and say this economy is good. Not even OBAMA says that!!!
No sane person would claim that economy today is no better than it was when Obama took office. And only an idiot would take Obama's humility, and acceptance that things could be better, and make him a villain out of it.
Like I said, over last 32 months, the economy has added an average of 148K private sector jobs/month. That, coincidentally, was the net increase in private sector job going from Dec 2000 to Dec 2008 (and remember, the bleeding didn't stop until Feb 2010).
Is 148K jobs/month great? No, it could be better, a point Obama repeatedly makes. But it would take a truly insane, liars, the dishonest and the corrupt, to claim that we're not doing any better today.
From Obama's debate answer, it doesn't play by HIS rules either
You and I BOTH KNOW that the economy is not 100% better than it was then, so if the economy equals low gas prices, why did the price go up over 100% ???
Like I said, over last 32 months, the economy has added an average of 148K private sector jobs/month. That, coincidentally, was the net increase in private sector job going from Dec 2000 to Dec 2008 (and remember, the bleeding didn't stop until Feb 2010).
Did you notice that the unemployment numbers UP by 46,000 people today?
From Obama's debate answer, it doesn't play by HIS rules either
He hasn't claimed a rule, or stupid math, like you have.
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You and I BOTH KNOW that the economy is not 100% better than it was then, so if the economy equals low gas prices, why did the price go up over 100% ???
Do I need to highlight the stupidity in your math? An economy is either better, same or worse. There are no percentages associated along the lines you speak of. May be in your world, not in reality.
People like you are no different that the uneducated masses in India I saw on cable news last week "revolting" on their masters' command on rising gasoline prices. AFAIK, Obama isn't their Prime Minister.
Did anyone else notice how people we laughing in the audience when he was saying all of this? I agree that it makes no sense, but I'm use to him not knowing what he's talking about.
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