Author Topic: Lets see, since Obama took office.......  (Read 1002 times)

pro nitrousADRL

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Re: Lets see, since Obama took office.......
« Reply #25 on: July 02, 2010, 04:29:21 PM »
gosh  how come nobody wants to talk about how much obama has paid the debt down? ::)
down with hussein

Danny

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Re: Lets see, since Obama took office.......
« Reply #26 on: July 02, 2010, 07:24:38 PM »
Blacken  if you would read a lil bit you would find out that bush wasnt handed  this great economy, this so called surplus wasnt really a surplus, yes the fed had alot of money, but that wasnt earned, it was borrowed.  No body ever talks about how clinton grew the debt to create this so called surplus,   and if you check your facts you will find that in g.b first term he paid down the debt 452 billion,  dollars.   EVEN WHILE CONDUCTING THE WAR                                        HOW MUCH DEBT HAS BAM BAM PAID DOWN ???


oh and guess how he was able to pay off this amount of debt that bam bam doubled in one year?      maybe it had a lil something to do with g.b 52 strait months of positive job growth!!!

 Here's a small article form 2008

« Since When Are "Most Economists" Authorities on House Prices?  | Main  | Bad Debt: $100 Billion, $400 Billion, Who's Counting? »

Bush Takes Credit for Sunrises and Job Growth

President Bush boasted yesterday that his economic policies had led to a record 52 months of consecutive job growth. The WSJ dutifully reported the boast. It didn't bother to point out that President Bush has the worst record on job growth of any post-war president, with the most recent jobs report pushing the rate of job growth in his administration below the dismal record under his dad.

The economy creates jobs. It's just like the sun rising. Unfortunately, people are more familiar with the pattern of sun rises than they are with economic trends, that is why reporters are supposed to explain to readers that boasts like the one made by President Bush are ridiculous. I have pasted below the rate of annual job growth under the presidents since 1960:

Kennedy-Johnson -- 3.3%
Nixon-Ford -- 1.9%
Carter -- 3.0%
Reagan -- 2.1%
Bush I -- 0.6%
Clinton -- 2.4%
Bush II --0.6%

(Source: Bureau of Labor Statistics.)

If reporters actually did some analysis and pointed out the reality behind such nonsense boasts, then politicians like President Bush would not make them.



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Re: Lets see, since Obama took office.......
« Reply #27 on: July 02, 2010, 10:34:50 PM »
an 862 billion dollar bill that had a minimal temp fix that barely lasted 2 years  is a failure

FAILURE - if your goal was to fix the economy.

SUCCESS - if your goal was to deliver some semblance, some appearnce of improvement for 2-3 years so you can convince swing voters to vote for you in 2012.

MM2K

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Re: Lets see, since Obama took office.......
« Reply #28 on: July 02, 2010, 11:59:34 PM »
Here's a small article form 2008

« Since When Are "Most Economists" Authorities on House Prices?  | Main  | Bad Debt: $100 Billion, $400 Billion, Who's Counting? »

Bush Takes Credit for Sunrises and Job Growth

President Bush boasted yesterday that his economic policies had led to a record 52 months of consecutive job growth. The WSJ dutifully reported the boast. It didn't bother to point out that President Bush has the worst record on job growth of any post-war president, with the most recent jobs report pushing the rate of job growth in his administration below the dismal record under his dad.

The economy creates jobs. It's just like the sun rising. Unfortunately, people are more familiar with the pattern of sun rises than they are with economic trends, that is why reporters are supposed to explain to readers that boasts like the one made by President Bush are ridiculous. I have pasted below the rate of annual job growth under the presidents since 1960:

Kennedy-Johnson -- 3.3%
Nixon-Ford -- 1.9%
Carter -- 3.0%
Reagan -- 2.1%
Bush I -- 0.6%
Clinton -- 2.4%
Bush II --0.6%

(Source: Bureau of Labor Statistics.)

If reporters actually did some analysis and pointed out the reality behind such nonsense boasts, then politicians like President Bush would not make them.





What a dumbass. That number includes the jobs that were lost under his first two years because of him inheriting what was up until then the worst bear market since the Great Depression. This is why John Kerry was able to call him "the first president since Herbert Hoover to finish his term with a net loss of jobs".
Jan. Jobs: 36,000!!

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Re: Lets see, since Obama took office.......
« Reply #29 on: July 03, 2010, 04:01:15 AM »
Well, obama will be the second by that measure. 

Yes he inherited a mess, but his actions have made things drastically worse.