4 years after Obama's election, unemployment was 7.7%......

2,804 Views | 18 Replies | Last: 3 yr ago by sts7049
B-1 83
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AG
After 4 years, wasn't that "his" economy? 6.8% today despite a pandemic and world wide recession.....Let's raise taxes.
https://www.bls.gov/opub/ted/2012/ted_20121211.htm?view_full
jhn109
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K
Fishin Texas Aggie 05
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The goal of democrats isn't to make everyone rich like bill gates

But make bill gates poor like everybody else

Unless you are part of the ruling class
Not a Bot
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Fishin Texas Aggie 05 said:

The goal of democrats isn't to make everyone rich like bill gates

But make bill gates poor like everybody else

Unless you are part of the ruling class


No, their goal is to make everyone in the middle class as poor as everyone else. People in the millionaire and billionaire range will be just fine.
IslanderAg04
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Cactus Jack said:

Fishin Texas Aggie 05 said:

The goal of democrats isn't to make everyone rich like bill gates

But make bill gates poor like everybody else

Unless you are part of the ruling class


No, their goal is to make everyone in the middle class as poor as everyone else. People in the millionaire and billionaire range will be just fine.


Poor and elites, just like China.
The Fife
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Was that number before or after his administration changed the way that unemployment was defined? If at first you can't succeed, just change the metric.
Marcus Brutus
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The goal of every lib is a political and economic system based on Marxism, which is a "classless" society that is class based. The state politicians and oligarchs have all th e power and wealth and are in the upper class, and everyone else is in the lower class. They look upon it and claim it is good because there are no classes and the power is in the hands of the people. None of that is true, but they believe it.
notex
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Unemployment is a feature, not a glitch, to the left.
57 STATES!
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Cowboy Curtis
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The Fife said:

Was that number before or after his administration changed the way that unemployment was defined? If at first you can't succeed, just change the metric.

If I recall the administration stopped counting those not seeking new employment.
BigRobSA
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Cowboy Curtis said:

The Fife said:

Was that number before or after his administration changed the way that unemployment was defined? If at first you can't succeed, just change the metric.

If I recall the administration stopped counting those not seeking new employment.


UE calculations have changed since Clinton. Then Bush, then Obama. I don't think Trump changed anything.
"The Declaration of Independence and the US Constitution was never designed to restrain the people. It was designed to restrain the government."
SeMgCo87
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notex said:

Unemployment is a feature, not a glitch, to the left.
And too bad they do not recognize LPR (Labor Participation Rate). Due to Obama's change to unemployment statistic calcs, it is no longer a reasonable predictor of economic activity and health. LPR is, and it also shows how effectively our society generates tax revenue... surprise! And 63% vs 61.7% is HUGE.
richardag
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57 STATES! said:


Your point?

Obama administration bailed out failures, instituted unprecedented quantitative easing and handpicked bad industries to fund that failed. To this day it still ticks me off that Tesla received up to $7,500 dollars from the feds for their autos that cost ~$77,000(for the first 200,000 produced. Blatant bull **** perpetrated on the American public. Let alone the tons of cash thrown at solar cells and wind mills that were made in China.

The Trump administration reduced burdensome regulations, reduced personal income taxes(resulting in higher federal revenues), reduced corporate taxes allowing reparations by international corporation's foreign profits and allowing manufacturing jobs the previous administration unequivocally said would never come back.
-We understand why children are afraid of darkness ... but why are men afraid of light?
Plato
Old_Ag_91
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Jmiller
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57 STATES! said:




EOT.
The Fife
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BigRobSA said:

Cowboy Curtis said:

The Fife said:

Was that number before or after his administration changed the way that unemployment was defined? If at first you can't succeed, just change the metric.

If I recall the administration stopped counting those not seeking new employment.


UE calculations have changed since Clinton. Then Bush, then Obama. I don't think Trump changed anything.
Obama definitely changed the definition, but I don't remember hearing anything about it being changed under Trump.
deddog
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Jmiller said:

57 STATES! said:




EOT.
?What?

Despite a pandemic, Trump has a very low unemployment rate.
Obama started with a massive recession, but led a terrible recovery.

So much so that the media made up BS economic metrics like Saved Jobs.
And yes, while UE is changed by administrations, one of the biggest changes made by the BLS was between the 1st and 2nd Romney- Obama debates.
Romney destroyed Obama in the first debate.
If iirc, the BLS then reported a large decrease in unemployment (because they updated their formulas) to help Obama in the 2nd debate. It was a farce.
And the same sheep that bought that BS, also believe that the Democrats won this election without cheating..
ApachePilot
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Cactus Jack said:

Fishin Texas Aggie 05 said:

The goal of democrats isn't to make everyone rich like bill gates

But make bill gates poor like everybody else

Unless you are part of the ruling class


No, their goal is to make everyone in the middle class as poor as everyone else. People in the millionaire and billionaire range will be just fine.


This
5StarShield
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AG
Federal Reserve was more responsible for most of that... for Trump and especially Obama.
sts7049
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richardag said:

57 STATES! said:


Your point?

Obama administration bailed out failures, instituted unprecedented quantitative easing and handpicked bad industries to fund that failed. To this day it still ticks me off that Tesla received up to $7,500 dollars from the feds for their autos that cost ~$77,000(for the first 200,000 produced. Blatant bull **** perpetrated on the American public. Let alone the tons of cash thrown at solar cells and wind mills that were made in China.

The Trump administration reduced burdensome regulations, reduced personal income taxes(resulting in higher federal revenues), reduced corporate taxes allowing reparations by international corporation's foreign profits and allowing manufacturing jobs the previous administration unequivocally said would never come back.
what's that have to do with this thread?
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