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Follow the red line, this is the current recession, Obama became president around month #12. For all of you Obama supporters, does this make the problem more clearer for you?
The entire world - not just the USA - has imploded economically.
The fact of the matter is that Obama's policies are correct.
The 1930's recession shows us that investment by the govt is essential in a recession like this.
The private sector won't/can't step in to the breech.
Suggest you familiarise yourself with John Maynard Keynes, David Blanchflower etc
So you're ready to join the Obama version of the CCC and plant a million trees?
Or are you just willing to sit back and draw a government check and do nothing for it?
"Roosevelt was not interested in the dole. He was was determined, rather, to preserve the pride of American workers in their own ability to earn a living, so he concentrated on creating jobs."
Misleading. First, the recession started in December of 2007, officially. So President Obama's term started at 15 months, not 12.
But the bigger problem is that employment is a lagging indicator. It will be the last economic statistic to turn around. President Obama knows this, as do economists and most people who are paying attention. Presenting employment as an indicator of improvement in the economy in this fashion is misleading.
If you want to get technical, the recession officially started December 2008, December 2007 was an increase in the GDP.
And now that unemployment numbers are continuing to rise, they are lagging indicators, when in 2007 when unemployment began to rise, liberals proclaimed they were a sign of things to come.
You guys dont ever stop spinning for the sake of having a discussion do you?
If you want to get technical, the recession officially started December 2008, December 2007 was an increase in the GDP.
And now that unemployment numbers are continuing to rise, they are lagging indicators, when in 2007 when unemployment began to rise, liberals proclaimed they were a sign of things to come.
You guys dont ever stop spinning for the sake of having a discussion do you?
Follow the red line, this is the current recession, Obama became president around month #12. For all of you Obama supporters, does this make the problem more clearer for you?
Yessir...
It's a real shame that Bush and his neocon cronies sank our economy. More than likely, it'll require years to repair the damage.
Take it up with the United States Bureau of Economic Analysis, its their chart and they indeed report on the GDP. And for you math challenged individuals, you all just claimed we are out of the recession due to the growth of the GDP, so if you want to claim it matters now for the "end", then indeed it matters for the "beginning".
You mean the government is essential if you want a depression to last 12 years. The policies of FDR kept that depression going for over a decade. The depression dragged on and on -- much longer than it should have.
what?
Your country was out of recession by 1940.
Primarily through profiteering out of WWII - it must be added.
FDR was elected in 1932.
You do the math.
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