Obama Is Worst Jobs President Since Great Depression

[bugscoe]

IT’S OFFICIAL: Barack Obama Is Worst Jobs President Since Great Depression
Posted by Jim Hoft on Tuesday, August 3, 2010, 9:24 AM

Thanks Barack – Thanks Nancy – Thanks Harry

(Source: US Misery Index)

And, it only took him 18 months… Another record!

Barack Obama is the worst jobs president since the Great Depression and possibly is the worst jobs president in US History. The US unemployment rate has not fallen below 10.8 percent in the last 12 months. This is unprecedented.

Common Dreams reported:

As the nation contends with a long and sustained labor market recession, a new study from the Center for Economic and Policy Research demonstrates that the current unemployment rate is higher than the conventional measure shows.”An unemployment rate that has hovered above 9 percent for several months is striking, but the jobs picture is even worse than it looks,” said report author and CEPR Economist David Rosnick.

The study, “The Adult Recession: Age-Adjusted Unemployment at Post-War Highs,” adjusts the current unemployment rate to account for demographic differences and finds that the unemployment rate has not fallen below 10.8 percent in the last 12 months. During the worst episode of the recession of the 1980s — the second half of 1982 and the first half of 1983 — unemployment passed 10 percent for 7 months.

Don’t expect to see this on the nightly news.

Today Treasury Secretary Timothy Geithner announced that the U.S. unemployment rate could rise for two months before it drops.

 

[bugscoe]

Hermit- how come you don't have any charts or graphs from your "scientific" sources to refute this?

 

[Hello]

Quote from bugscoe:

Hermit- how come you don't have any charts or graphs from your "scientific" sources to refute this?

He is desperately searching media matters deperately trying to find a "bipartisan" rebuttal.

 

[hermit]

Quote from Hello:

He is currently searching media matters deperately trying to find a "bipartisan" rebuttal.

When the previous administration had the worst record for job creation which is common public knowledge, not much 'finding' is necessary.

http://blogs.wsj.com/economics/2009/01/09/bush-on-jobs-the-worst-track-record-on-record/

 

[jem]

The reason what jobs are in the tank is because the Democrats are raising taxes and implementing large health care debacles. Making the outlook for profits dismal.

The proper response was to lower taxes. But you will remember Obama and the libs made fun of Rush Limbaugh for being one of the few political figures with the guts to say what was really needed.

---
spending would have needed to be held in check within a year of the tax cuts and then you let the improving economy make up for the deficit.

Instead the dems strangled the economy.
good work socialists.

 

[hermit]

Yea, Bush would have been better, he was doing so well, Panama Jack and Bible Spice carrying on Bush's policies could have done better though.

 

[hermit]

Quote from jem:

The reason what jobs are in the tank is because the Democrats are raising taxes and implementing large health care debacles. Making the outlook for profits dismal.

The proper response was to lower taxes. But you will remember Obama and the libs made fun of Rush Limbaugh for being one of the few political figures with the guts to say what was really needed.

---
spending would have needed to be held in check within a year of the tax cuts and then you let the improving economy make up for the deficit.

Instead the dems strangled the economy.
good work socialists.

If tax cuts worked, how come Bush has the worst record among Presidents when it comes to jobs?

http://blogs.wsj.com/economics/2009/01/09/bush-on-jobs-the-worst-track-record-on-record/

 

[hermit]

Quote from bugscoe:

Hermit- how come you don't have any charts or graphs from your "scientific" sources to refute this?

Too easy and posted, thanks for anticipating the response though.

 

[Range Rover]

Quote from bugscoe:

IT’S OFFICIAL: Barack Obama Is Worst Jobs President Since Great Depression
Posted by Jim Hoft on Tuesday, August 3, 2010, 9:24 AM

Thanks Barack – Thanks Nancy – Thanks Harry

(Source: US Misery Index)

And, it only took him 18 months… Another record!

Barack Obama is the worst jobs president since the Great Depression and possibly is the worst jobs president in US History. The US unemployment rate has not fallen below 10.8 percent in the last 12 months. This is unprecedented.

Common Dreams reported:



Don’t expect to see this on the nightly news.

Today Treasury Secretary Timothy Geithner announced that the U.S. unemployment rate could rise for two months before it drops.

Are you serious ? Do you know unemployment hit 10.8 % under Reagan ?


Unemployment has also not gotten to 10.8 % under Obama.Do you guys just make stuff up as you go along?




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[Navin Johnson]

Quote from hermit:

Yea, Bush would have been better, he was doing so well, Panama Jack and Bible Spice carrying on Bush's policies could have done better though.

Why doesn't your silly graph include all of the Bush presidency? Bush had 52 straight months of positive job growth during one stretch of his presidency.