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brittain33
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« Reply #25 on: July 12, 2012, 01:16:53 pm »
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Obama takes over executive branch in Jan. 2009.
Unemployment rate:  7.8%

GOP takes control of House in Jan. 2011.  
Unemployment rate:  9.1%

Unemployment rises to 9.4% in May 2009 within four months of his taking office. The economy hemorrhaged several hundred thousand jobs a month before anything he could do could take effect. He inherited an economy in complete free-fall and taking the oath of office on Jan. 20 does not magically stop that.

The stimulus and the auto bailout stopped the economy from getting drastically worse through layoffs of hundreds of thousands of auto workers and government employees--although for many goverment employees, it only delayed the layoff.

Economics statistics showing a bad contraction in late '08 or early '09 (I forget) that informed the stimulus projections were later revised, a year later, to show a massive contraction, much worse than anyone knew.

Anyone who cites the Jan. '09 number as the date when Obama's policies were driving the economy is being dishonest or economically illiterate.


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WhyteRain
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« Reply #26 on: July 12, 2012, 06:53:47 pm »
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So now it's a fact that black people should be "welcoming Romney with open arms"?

I guess it depends on what they want, doesn't it?
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WhyteRain
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« Reply #27 on: July 12, 2012, 06:57:23 pm »
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The problem with the Black unemployment rate is that blacks were trained in low-skilled jobs. Once the recession took full effect those jobs were either outsourced or eliminated.

What do you mean by "low-skilled jobs"?
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« Reply #28 on: July 12, 2012, 07:01:00 pm »
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The problem with the Black unemployment rate is that blacks were trained in low-skilled jobs. Once the recession took full effect those jobs were either outsourced or eliminated.

What do you mean by "low-skilled jobs"?
Probably fast food, retail or factory type of labor.
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Paul/Cruz 2016!
WhyteRain
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« Reply #29 on: July 12, 2012, 07:26:27 pm »
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Obama takes over executive branch in Jan. 2009.
Unemployment rate:  7.8%

GOP takes control of House in Jan. 2011.  
Unemployment rate:  9.1%

At least you'll never again claim (not here anyway) that "Republicans blocked these [Obama economic] plans and others, leading to higher unemployment."

Just remember in the future to drop one prefix from that sentence -- not "leading to higher unemployment" but rather "leading to higher employment".  


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Unemployment rises to 9.4% in May 2009 within four months of his taking office. The economy hemorrhaged several hundred thousand jobs a month before anything he could do could take effect. He inherited an economy in complete free-fall and taking the oath of office on Jan. 20 does not magically stop that.

I have already shown in earlier comments why we should not consider that Obama "inherited" the economy in 2009.  We've become accustomed to using that term only because four of the last five Presidents -- Carter, Reagan, Clinton, and Bush 43 -- came to D.C. as former governors in the hinterlands.  They really did "inherit" what they found in D.C.  Unlike them, Obama didn't need any street map of D.C. when he became President.  "Literally" is an oft-misused term but not here:  

Upon becoming President, Obama literally just moved the contents of his desk from one end of Pennsylvania Avenue to the other.

Moreover, Obama wasn't some obscure backbencher.  He was a big-state U.S. Senator, including two years, 2007-09, as part of the ruling majority in Congress that sets U.S. fiscal policy.  (Bush can be faulted for "making a bad bargain" in trading funding for his Surge that led to his second fabulous victory in Iraq in exchange for giving Obama and his friends a completely free hand with the budget of the U.S.)  

In Oct. 1, 2007, the first of the Democratic budgets became law; nine days later the stock market began its long march to Obamaland (it probably took eight days for investors to read the budget).  Inspired by the anti-Reaganesqe "Demandside Economics" that held that prosperity would "trickle up" if the government would just take lots of money from the middle classes and dump it on the poor, that first budget tripled the federal deficit, which had been slowly declining, in one year, from 1.1% of GNP to 3.2% of GNP.  The unemployment rate on that date?  4.7%  (By the end of the first Democratic budget in 13 years, the unemployment rate was 6.5%; after one more such budget, it was 10.0%.)

I could, and have in the past, go into greater depth about the horrors wrought on the economy by all the economics Obama learned in college and law school, but my father used to say "A word to the wise always suffices."
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WhyteRain
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« Reply #30 on: July 12, 2012, 07:41:35 pm »
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The problem with the Black unemployment rate is that blacks were trained in low-skilled jobs. Once the recession took full effect those jobs were either outsourced or eliminated.

What do you mean by "low-skilled jobs"?
Probably fast food, retail or factory type of labor.

The fast food restaurants have done great in the Bush-Obama Economy as fewer and fewer people can afford decent restaurants.

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Massive McJob Creation: McDonald’s to Hire 50,000 People In One Day

Read more: http://newsfeed.time.com/2011/04/04/massive-mcjob-creation-mcdonalds-to-hire-50000-people-in-one-day/#ixzz20SSIFYP6

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In fact, all of retail seems to be one of the *cough* bright spots for employment:

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Nonfarm payroll employment rose by 115,000 in April, and the unemployment rate was little changed at 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, retail trade, and health care, but declined in transportation and warehousing. Both the number of unemployed persons (12.5 million) and the unemployment rate (8.1 percent) changed little in April. (See table A-1.) ...  The civilian labor force participation rate declined in April to 63.6 percent, while the employment-population ratio, at 58.4 percent, changed little.
http://townhall.com/tipsheet/guybenson/2012/05/04/ugh_total_us_employment_falls_by_169000_jobs_in_april
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Ernest
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« Reply #31 on: July 12, 2012, 10:11:33 pm »
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Retail jobs increasing as a percentage of the workforce owe more to Romney than Obama.  Retail generally can't be outsourced (altho it is not entirely immune to that, as there are some McDonald's where when you visit the drive-in, the person taking your order over the speaker is at a call center elsewhere).

While politics has some effect on jobs, they aren't the only factors.  For example, one reason manufacturing has increased in this country is that with cheap oil a thing of the past, transportation costs are making imports of low-priced goods less profitable than producing them here in North America.
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« Reply #32 on: July 23, 2012, 10:10:56 pm »
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http://articles.nydailynews.com/2012-07-18/news/32734416_1_mitt-romney-romney-spokeswoman-andrea-saul-naacp

Wow.
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