"Barack Obama took a bad economy and made it worse". "kentuck"

[CC27]

kentuck Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Mon Jun-13-11 06:53 AM
Original message
"Barack Obama took a bad economy and made it worse".
   
Is that true?

That is the storyline that Republicans are pushing as a reason to put them back into power. Unless it is countered effectively and often, they will be successful in selling it to the majority of voters.

It is impossible to prove a negative, but it is not impossible to measure where we were when the President took office and the direction we were going. We were falling rapidly and not one Republican had a solution.

I may disagree with the President on several things but this is not one of them. I have little doubt that we would have been in much worse condition if the Republicans had won the White House in 2008. Also, I have little doubt that they have a lot of suffering stored up for the people of this country in 2012 if they win the next election.

Yup, its true DUmmie. Have a bad day.
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1286780

[Tucker]

And to prove Kentac's argument, he uses Bela Pelosi's graph, as shown on the dykes PMSNBC show, that is up to and including March 10.

[Ballygrl]

Of course it's true, if it wasn't would unemployment be over 9%? underemployment 18%? the falling dollar? foreclosures at record highs? more people using food stamps? WTF is it going to take for you to face the truth? are you better off now than you were in 2008?

[Texacon]

Hell, I can do graphs too kentuck;



And since that one is old another guy has taken the time to update it for the O'Bama admin;



KC

[Freeper]

it is not impossible to measure where we were when the President took office and the direction we were going.

How about this Kentuck? Unemployment was at sooper horrible depression rates of 5% when Bush left office. gas prices were at a staggering high $1.87. 0bama and his policies have done wonders in the past 3 years, haven't they?

If this is hope and change, I would hate to see despair and change.

[Ralph Wiggum]

Unless it is countered effectively and often, they will be successful in selling it to the majority of voters.

It can't be countered because it is true.

[miskie]

And to prove Kentac's argument, he uses Bela Pelosi's graph, as shown on the dykes PMSNBC show, that is up to and including March 10.

No kidding --- So, kentuck -- why hasn't this graph been updated in better than a year ?

[zeitgeist]

And then one needs to consider this:

A Contrived Crisis? - You Decide

 - Nancy Morgan  Monday, February 23, 2009

Through a series of supposedly random but arguably deliberate chain of events, America is poised to jettison 220 years of a free market system called capitalism, in favor of the tried and failed system of socialism. This writer, and others, are now starting to question how we reached this point.

 

Last summer, as McCain and Obama were in the midst of their campaigns to capture the presidency, a series of events dramatically changed the focus of the campaign from Iraq to the economy. From that point on, Obama took the lead and eventually won the presidency.

June 26, 2008: Democrat Chuck Schumer leaked a memo questioning the solvency of IndyMac bank. This memo precipitated a run on IndyMac which led to its failure. Federal regulators pointedly cited U.S. Sen. Charles Schumer, D-N.Y., in explaining the bank’s failure. “The immediate cause of the closing was a deposit run that began and continued after the public release of a June 26 letter to the OTS and the FDIC from Senator Charles Schumer of New York.”

This event, coupled with the Lehman Brothers collapse in September, marked the beginning of the current economic meltdown and provided the ammunition for massive government intervention in the private market.
<snip>

http://www.canadafreepress.com/index.php/article/8713

In other words dummies, your team were the ones who submarined the economy to help get the 'BAMSTER elected but were unable to contain the long term damage precipitated by their treasonous actions.  

[SSG Snuggle Bunny]

And to prove Kentac's argument, he uses Bela Pelosi's graph, as shown on the dykes PMSNBC show, that is up to and including March 10.

I call this chart the flow rate for blood  seeping from a bloodless corpse chart.

It's one thing to show the rate at which jobs are being lost but all the right side of the chart shows is that job loss tapered off but the jobless rate remained stubbornly high.

[miskie]

What amuses me most is how Democrats don't know how to read that chart.

Every month is an island upon itself - to get a real figure on how Obama is doing with employment, one must take all the negative bars and add them together, and do the same with the positive bars - then subtract the lossy months from the new employment months.

If the number is positive, then Obama has 'succeeded' - if its negative, then not so much...

here is the latest chart -



So, How has Obama done since he was elected ?

[NHSparky]

It's even worse than that.  In order to "tread water", one has to add 150-200K jobs a month just to break even for all the new folks coming into the workforce, etc.  Show me one month that's happened WITHOUT massive expansion in government employments.

And what do you think is going to happen to the unemployment rate when all those folks try to come back into the market?  Talk about kicking the can down the road....

[Tucker]

Keep in mind that in 2010, there were census takers that were hired on a temporary basis, then rehired and counted as newly created jobs.

1+1=3. DUmmy math 101.

[miskie]

I also half expect this is why Obama has yet to make good on his promises to end the wars immediately. Once the bulk of those who serve are home, they are going to go back to their lives.

...And that means looking for jobs...

So,
The bar chart from the Obama administration itself paints a bleak picture,
Obama hasn't 'saved or created' enough jobs to break even,
The chart does not reflect those who are no longer counted because they have been unemployed too long (99 weeks, IIRC)
The chart does not reflect those who have voluntarily gave up job hunting.
The chart does not reflect active military, who are scheduled to return home and to the workforce.

[Freeper]

Just remember everyone, 0bama is not worried about a double dip recession. I guess he rejects that notion just like he rejected that the fines for not buying health insurance isn't a tax, only to later say it was a tax so it would be legal. 

If this man gets another 4 years we are as doomed as a cheeseburger in Mikey Moore's hands.

[zeitgeist]

Keep in mind that in 2010, there were census takers that were hired on a temporary basis, then rehired and counted as newly created jobs.

1+1=3. DUmmy math 101.

You make dummies cry!!  They forgot all about that ugly factoid, and the jobs at Mikey D.

ETA I forgot the

^5 for making dummies cry.

[true_blood]

kentuck Donating Member (1000+ posts)  Mon Jun-13-11 06:53 AM
Original message
"Barack Obama took a bad economy and made it worse". Is that true?

Hey Kentuck. If you have to ask that question, you really are a lost cause.
You mean to tell me that you are better off today than you were 6-8 years ago?!? I think not primitive.