Rush & Hannity lying about Unemployment rate Obama inherited

[Nintendesert]

Swift Boated? So that means that whatever attack is being levied against the President will turn out to be right? You know the Swift Boaters being right about Kerry and his buttbuddy Swett.

 

[Dr. Zaus]

JMK's theories worked 80 years ago.. when we had domestic production of oil and no futures market on the commodity.

We were losing 800K jobs/month when Obama took office. We've gained each month since Jan 2010. I'm sure you already know that but want to perpetuate the lie Obama caused the 9% unemployment rate.

Usually, when we come out of a recession, we see much much faster growth than this.

But when the government is consuming more but the employment-sector can't grow and cause inflation due to the relationship between oil prices, over spending and employment; then you see a situation wherein the government growth is much more closely related to the stagnation of employment than it was during JM Keynes days.


What I'm saying here is that denominating oil in dollars means that inflationary behavior prescribed by Keynesian economics is no longer like a check you float on the 29th... Oil futures turns our spending into instant e-verify, under cutting our economy with higher oil prices before high employment and government-private competition for resources can lead to general inflation.

 

[Budmantom]

Because facts have a Liberal Bias, so Righties avoid them at all costs. Republican policy defies facts.

Obarry not hiring lobbyists in the White House, does that fact have a liberal bias or is it just not that simple?

 

[Budmantom]

Those are actual humans.

Are you saying that Rush Limbaugh and Sean Hannity aren't human?

 

[MagnusTheBrewer]

Are you saying that Rush Limbaugh and Sean Hannity aren't human?

Gosh, I think he gets it!
There's no such thing as talking points from Limbaugh or Hannity. Anything that comes out of their mouths should be immediately discounted because they've proven beyond a shadow of doubt that they're fringe loonies who think any response is encouragement.

 

[Jhhnn]

My head will explode from cognitive dissonance if I don't Duh-vert! Duh-vert! Duh-vert!

I translated into something coherent.

 

[Budmantom]

I translated into something coherent.

Is it that time of the month for you little lady?

 

[Jhhnn]

Is it that time of the month for you little lady?

More Duh-vert! & mindless denial, wrapped in that package of self righteous disdain that only Righties can achieve.

Rush & Hannity look upon the idiot spawn of the right & are proud, very proud of what they've accomplished.

 

[ProfJohn]

Here is the facts that you guys seem to ignore:

1. We have now been above 9% unemployed for the longest period since the great depression, 7 months longer than the previous record. Blame Bush for getting us to this point, but blame Obama for us staying here for so long.

2. This is the WORST jobs recovery of any recession since FDR. We are 21 months past peak unemployment and are 1 point below that peak. That is horrible!

Look at history:
Obama peak October 2010 at 10.1%. 21 months later 9.1%

Bush peak March 2003 at 6.3% 20 months later 5.2%

1992 peak was June at 7.8% within 20 months it was at 6.5% and still dropping.

1982 peak December at 10.8% which is higher than Obama's worse. 20 months later: 7.3% a 3 point drop. And you guys say that Reaganomics didn't work...

We can't do 1980 because of the double dip.

1975 peak in may at 9%. 20 months: 7.6%

1961, 7.1% to 5.9%

1958 7.5% to 5.2%

Obama has the worst job recovery record of ANY post WW 2 recession.
His own economic advisor said the best we can do by next election might be 8.5%. That means his entire 4 year term will have been above 7.8% unemployment. By FAR the worst record since FDR.

http://www.miseryindex.us/urbymonth.asp
numbers by month to 1948

 

[Doppel]

Obama did inherit this mess but he obviously also has no idea how to clean it up. That's pretty clear to me, these years later and into the recession.

 

[sportage]

Yes... and all we have to do to see unemployment jump to around 15% is elect another republican in 2012. Heck... elect republicans to take back control of the senate and maybe we can hit a solid 20%?

We all remember all those jobs created during the Bush admin...?

 

[trenchfoot]

Obama did inherit this mess but he obviously also has no idea how to clean it up. That's pretty clear to me, these years later and into the recession.

You can create a car wreck in two seconds but it'll take a whole lot longer to get the cars fixed. Bush/Cheney took eight years to create the mess we're now in. It's going to take a bit longer than that to fix what they broke. Unless of course, you'd like to give those cars back to the guys who wrecked them to wreck them even further?

 

[TehMac]

Ah Media Matters, now there's the pinnacle of journalistic integrity. A think-tank of individuals paid by multi-billionaire and ex-Jew Hunter George Soros to go after right-wing pundits.

These people are paid six figures by George Soros' multiple multi-million endowments to criticize proponents of freedom and free trade. So much hypocrisy and of course our village idiot Dave falls for them like a Hooker for a penis painted to look like money.

You can create a car wreck in two seconds but it'll take a whole lot longer to get the cars fixed. Bush/Cheney took eight years to create the mess we're now in. It's going to take a bit longer than that to fix what they broke. Unless of course, you'd like to give those cars back to the guys who wrecked them to wreck them even further?

When Bush was president, black unemployment was far lower than it is now. Where's the change and hope?

 

[Whoozyerdaddy]

You can create a car wreck in two seconds but it'll take a whole lot longer to get the cars fixed. Bush/Cheney took eight years to create the mess we're now in. It's going to take a bit longer than that to fix what they broke. Unless of course, you'd like to give those cars back to the guys who wrecked them to wreck them even further?

Well... that's a cute analogy but Obama has proven without a doubt he knows shit about repairing body damage. In fact, as much as the car was still functional when Bush handed him the keys, he's managed to take out another few dozen telephone poles with it. Truth is, he never had any intentions of fixing the damage when he grabbed the keys. He was just hoping he could keep driving it like a cracked-out maniac until he got where he wanted to go.

I thought Dubbya was irresponsible in the way he handled most things. By that standard, Obama is completely reckless.

 

[Doppel]

You can create a car wreck in two seconds but it'll take a whole lot longer to get the cars fixed. Bush/Cheney took eight years to create the mess we're now in. It's going to take a bit longer than that to fix what they broke. Unless of course, you'd like to give those cars back to the guys who wrecked them to wreck them even further?

Except things are actually getting worse, not better. Any "recovery" is papered over debt-financed and absolutely nothing more. The systemic debt and banks run amok are more severe problems than before, and jobs continue to leave. Obama isn't fixing jack sh*t.

 

[Siddhartha]

IIRC, some people in this thread have been blaming Mr Obama for the economy since back in November 2008.

 

[dphantom]

Most likely Rush and Hannity were using this type of data
http://www.infoplease.com/ipa/A0104719.html

and not this data
http://data.bls.gov/timeseries/LNS14000000

Still, even though Obama inherited a mess, he has proven singularly incompetent in fixing the problem.

 

[airdata]

BREAKING: Rush Limbaugh and Sean Hannity Are Liars

Sorry, but that's not breaking news. 2 of the biggest foaming at the mouth idiots in america.

 

[EagleKeeper]

Curious, what was the rate in Nov 2008?

 

[Doc Savage Fan]

Curious, what was the rate in Nov 2008?

6.8%
http://data.bls.gov/timeseries/LNS14000000
Dumb & Dumber

Reaganomics

 

[sm625]

Don't worry, Righties- your heroes are doing their best to create a double dip, invoke hard money policies just like the ones that drove the economy into the cellar at the outset of the Depression...

A hard money policy is inevitable. The only question is how much damage do you want to do before you accept that you cannot grow the economy by blowing a huge credit bubble. It will not work. It cannot work. It has never worked. Not ever. Yet there are always people claiming that if we just spent a little bit more money we do not have, things would have been alright. No.

Despite actually knowing a little bit about economics, you have no comprehension of the role of credit. It is likely you will have to live through the inevitable contraction in credit that must occur. There is a reason for this. There is a reason you do not understand: Because the rich make their money from you not understanding. It is just that simple. A culture of credit excess has been manufactured for decades by those who control what we see as entertainment. Obviously the elite do not see it as entertainment. For them it is an investment. It pays off when the credit bubble pops. Bankers have been doing this for centuries. Got it down to a science now that they have such powerful media.


"There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency system involved."
- Ludwig von Mises

 

[Genx87]

Ahh are dumbocrats again trying to blame bush? I am sure they were front and center blaming clinton for leaving Bush an economy that was heading into a recession as well.

 

[umbrella39]

Is it that time of the month for you little lady?

Points and laughs and the poop flinging monkey.

 

[thraashman]

Swift Boated? So that means that whatever attack is being levied against the President will turn out to be right? You know the Swift Boaters being right about Kerry and his buttbuddy Swett.

Although it's off topic, I hate allowing ignorance to prevail in even one poor misinformed nitwit.
http://en.wikipedia.org/wiki/Swift_Vets_and_POWs_for_Truth#Truth_of_allegations

 

[IceBergSLiM]

They don't need to lie, telling the truth about obama is enough to leave a bad taste in your mouth.