Obama's job failure in visible terms

[ProfJohn]

There you have it.

In every post WW 2 recession but two unemployment was back to pre-recession rate within a year of peak unemployment.

Every other president since WW 2 faced with a recession figured out how to create jobs, except Obama...

 

[Bowfinger]

There you have it.

In every post WW 2 recession but two unemployment was back to pre-recession rate within a year of peak unemployment.

Every other president since WW 2 faced with a recession figured out how to create jobs, except Obama...

I just wanted to preserve this graph for the thread backfire I expect is coming.

 

[Infohawk]

Maybe we haven't really peaked yet...

 

[shira]

Why don't you take a look at how long it took the U.S. economy to recover from the Great Depression? (Hint: Try looking at this chart)

Next, take a look at the opening sentence from the Wikipedia article on the Financial Crisis of 2007 - 2010:

http://en.wikipedia.org/wiki/Financial_crisis_of_2007–2010

The late-2000s financial crisis (often called the Credit Crunch or Global Financial Crisis) is considered by many economists to be the worst financial crisis since the Great Depression of the 1930s.

Now, explain to us why you're comparing the recoveries from much more minor financial downturns with the recovery from the Great Recession of 2007-2010? Explain why any rational person would expect that the U.S. economy would recover from worst financial crisis in 80 years as rapidly as after far more minor downturns.

 

[umbrella39]

There you have it.

In every post WW 2 recession but two unemployment was back to pre-recession rate within a year of peak unemployment.

Every other president since WW 2 faced with a recession figured out how to create jobs, except Obama...

Wait a minute, you Bush fanbois have always told us that the Bush tax cuts for the rich would create jobs. The mere hint of those tax breaks ending last year had you clowns up in arms about how the "Job Creators" wouldn't be able to keep turning out all those jobs the tax cuts afforded them.

I guess you are conceding we should stop the tax breaks now since the jobs that were promised were just a bullshit smoke screen for the rich to bank even more money.

 

[RisenZealot]

All I know is that Obama extended those Bush tax cuts...

It's been pointed out numerous times that ALL Obama has done is extend upon everything Bush did. So as I've said before, every time you liberals spew out all this poison towards Bush and republicans I hope you choke on the backwash of the reality that he's done nothing different.

 

[ProfJohn]

Now, explain to us why you're comparing the recoveries from much more minor financial downturns with the recovery from the Great Recession of 2007-2010? Explain why any rational person would expect that the U.S. economy would recover from worst financial crisis in 80 years as rapidly as after far more minor downturns.

Look at the shape of the recovery from the great depression...

It went up and then it came back down. Slowly, but it did drop.

 

[LegendKiller]

Look at the shape of the recovery from the great depression...

It went up and then it came back down. Slowly, but it did drop.

Yeah, it dropped despite those evil high taxes and social programs.

 

[Bowfinger]

Look at the shape of the recovery from the great depression...

It went up and then it came back down. Slowly, but it did drop.

So ... just like the graph you posted. Unemployment went up, and is now coming back down. Slowly, but it is coming back down.

 

[Martin]

These people will be unemployed for the rest of their lives, where they'll spend their days protesting against government while feeding off its teat, ie the Tea Party

 

[SparkyJJO]

I just want to throw this out there.

The president DOES NOT create jobs. Washington DOES NOT create jobs. Aside from more government jobs, which we all need like a hole in the head as it requires more tax money to pay for more government workers, meaning that much more money taken from the private sector, meaning that much less money available for the creation and sustaining of worthwhile private sector jobs.

Every time you hear a politician talking about how many jobs he created, he's full of crap. They don't create jobs. Certainly not in the private sector, where it counts the most. Government jobs are worth very little over all as far as the economy goes.

Companies, people hiring other people, that's what creates jobs. Politicians can make a hostile or friendly atmosphere towards such things to a certain extent, but that's all.

I'm hardly a fan of Obama, and I don't think his or his cronies policies are helping things much (more government meddling in the economy always screws things up more) but to blame him (or any other president) directly for lack of job creation isn't really fair either.

I'm sure certain people will try to tear me apart, or will come up with some example of how some politician created some job, but that's not the rule, it's the exception.

Oh as a side note, taxing the "evil rich people" doesn't create jobs either. Just moves money from the private sector into the pockets of the politicians.

 

[MomentsofSanity]

This is just sad. Next go post a graph to show how corporations are faring since the downturn. Throw one up that shows corporate profits since the recession began. Want to have real fun post that along side one showing unemployment and job growth and then tell everyone how those tax cuts were for job creation. Seems all they are accomplishing is a better bottom line for the rich.

 

[theeedude]

Jobs are not even a priority for Republicans, deficit is, and that's only because Obama is in charge. Recovery is actually much better than Japan experienced after it's real estate bubble. It still hasn't recovered from its bubble after 20 years. Considering the types of financial weapons of mass destruction deregulation has allowed to be created, considering he was obstructed and outright sabotaged by Republicans at every step, Obama still avoided Great Depression 2.0, and economy is stable. Of course, give Republicans time, they'll do premature austerity or a default, and Great Depression 2.0 may still happen.
Oh yeah, not expecting an ignoramus like the OP to understand it, but not all recessions are same.

 

[ShawnD1]

Look at the shape of the recovery from the great depression...

It went up and then it came back down. Slowly, but it did drop.

Look at it a bit closer. The low point of unemployment is in 1929 then the high point is 1933. It took 4 years to hit rock bottom before recovery started. If the market crashes in 2007 then when do you think it should begin recovery? If it's anything like the great depression, you can expect 4 years before things start to get better, which would be 2011. Right now should be rock bottom. It'll get better

 

[theeedude]

Looks like census helped temporarily, but if you ask small government crowd, that was a bad thing.

 

[Infohawk]

Looks like census helped temporarily, but if you ask small government crowd, that was a bad thing.

Helped what? It helped run the census. It's not relevant to whether we have an economy that is creating jobs.

 

[ShawnD1]

Looks like census helped temporarily, but if you ask small government crowd, that was a bad thing.

The census is a bunch of make-work jobs. There's no difference between that and paying people to dig a hole then fill it then dig it again. It doesn't improve the roads, it doesn't upgrade the water pipes, it doesn't produce a product. It sucks money out of the system and accomplishes nothing.

 

[theeedude]

The census is a bunch of make-work jobs. There's no difference between that and paying people to dig a hole then fill it then dig it again. It doesn't improve the roads, it doesn't upgrade the water pipes, it doesn't produce a product. It sucks money out of the system and accomplishes nothing.

Census is useful information that we need to run this country. There are plenty of useful things people could be doing for America instead of sitting at home collecting unemployment checks. There is a lot of work that needs to be done and the government needs to hire people to do it, or at least stop laying off people already doing it. Right now we are "saving" money, while cash strapped states are forced to cut spending and lay off thousands.

 

[her209]

In every post WW 2 recession but two unemployment was back to pre-recession rate within a year of peak unemployment.

O RLY?

All you've show is how bad the job losses were this recession compared to other recessions. Note how long the red line is going down until it bottoms out (26 months after peak employment). Also, Obama took office 14 months after peak employment, in other words, jobs were being lost over a year prior to Obama taking office and the RATE OF LOSS (dy/dx) was at or near its peak. 12 months after Obama taking office, the jobs are on the gain side.

 

[dmcowen674]

There you have it.

In every post WW 2 recession but two unemployment was back to pre-recession rate within a year of peak unemployment.

Every other president since WW 2 faced with a recession figured out how to create jobs, except Obama...

Interesting, when you have your Republican Hero in Office you swear the President has nothing to do with creating jobs.

You Anti-American Hack

 

[ProfJohn]

All you've show is how bad the job losses were this recession compared to other recessions. Note how long the red line is going down until it bottoms out (26 months after peak employment). Also, Obama took office 14 months after peak employment, in other words, jobs were being lost over a year prior to Obama taking office and the RATE OF LOSS (dy/dx) was at or near its peak. 12 months after Obama taking office, the jobs are on the gain side.

I don't blame Obama for the job losses.

I blame him for the lack of recovery. Our charts are the same. Mine is just adjusted so peak unemployment is at the center. When that is done you notice how every other recession has a near perfect bell curve, except for this one.

So either this recession is unique compared to every other recession since WW2. Or our post recessions policies aren't working or might even be hurting us. Probably a little bit of both.

 

[her209]

I don't blame Obama for the job losses.

I blame him for the lack of recovery. Our charts are the same. Mine is just adjusted so peak unemployment is at the center. When that is done you notice how every other recession has a near perfect bell curve, except for this one.

So either this recession is unique compared to every other recession since WW2. Or our post recessions policies aren't working or might even be hurting us. Probably a little bit of both.

You're blaming Obama for not being able to dig the US out of the biggest hole of job losses fast enough? Wow. W had it easy compared to Obama. If the holes were measured in feet, Bush had to dig out of a 2 ft hole and Obama has to dig out of a 6.4 ft hole. So far Obama has gotten 1.4 ft dug out in 16 months. In the same time frame, Bush dug us out in less than that (slightly less than 1.4 ft) or at the very best equal.

 

[sandorski]

Didn't you mean to say just how awesome George Bush was?

 

[Macamus Prime]

What happened to trickle down economics?

Oh yeah, rich people just kept everything - except NOW you decide to place the lack of job creation on Obama.

 

[Jhhnn]

What happened to trickle down economics?

Oh yeah, rich people just kept everything - except NOW you decide to place the lack of job creation on Obama.

Not only did they keep it, they left the rest of us holding the bag, the debt, that they created to accomplish that. Like this-

http://www.nytimes.com/imagepages/2006/08/26/weekinreview/27leon_graph2.html

Righties want to act like everything was going along just peachy until the sky fell in for no reason...

And that it's all Obama's fault- Everything!

What Obama hasn't done right is that he's not right in their faces, repudiating their Failed! way of doing things. He's going along with the program, placating them, acquiescing to greed & stupidity, seeking to make peace with forces that respect only belligerence.

More like this-

http://www.dailykos.com/tv/w/000499/