Thanks Barack – Thanks Nancy – Thanks Harry

(Source: US Misery Index)

And, it only took him 18 months… Another record!
Barack Obama is the worst jobs president since the Great Depression and possibly is the worst jobs president in US History. The US unemployment rate has not fallen below 10.8 percent in the last 12 months. This is unprecedented.
Common Dreams reported:

As the nation contends with a long and sustained labor market recession, a new study from the Center for Economic and Policy Research demonstrates that the current unemployment rate is higher than the conventional measure shows.”An unemployment rate that has hovered above 9 percent for several months is striking, but the jobs picture is even worse than it looks,” said report author and CEPR Economist David Rosnick.

The study, “The Adult Recession: Age-Adjusted Unemployment at Post-War Highs,” adjusts the current unemployment rate to account for demographic differences and finds that the unemployment rate has not fallen below 10.8 percent in the last 12 months. During the worst episode of the recession of the 1980s — the second half of 1982 and the first half of 1983 — unemployment passed 10 percent for 7 months.

Don’t expect to see this on the nightly news.

Today Treasury Secretary Timothy Geithner announced that the U.S. unemployment rate could rise for two months before it drops.

 

 

Disable Refresh for 30 Days

Cookies and JavaScript must be enabled for your setting to be saved.

1 2 3 4 5

`
  1. But didn’t Cheney say “Reagan proved deficits don’t matter?” Debt skyrocketed under Reagan; this should make the President more Reaganesque, more Conservative than most of you all.

    Think about it.

  2. What If Revenue From The Rich Dries Up?

    How much of the tax burden can these upper-income earners be expected to sit still and bear?

    For capital gains alone, every tax increase over the last 40 years has produced less revenue rather than more. Due to the counterproductive economic effects of all these rate increases, revenues overall are likely to fall substantially short of budget projections.

    Even with the above tax increases, CBO projects that by 2012 the national debt will have doubled in only four years, to $11.5 trillion. By 2020, it will have almost quadrupled since 2008 to $20.3 trillion. By the end of this year, CBO projects the national debt will reach 62% of GDP, higher than at any time in our history except for World War II and shortly thereafter.

    Indeed, as Brian Riedl of the Heritage Foundation reports, under his proposed budget, “President Obama would run up more debt over his eight years than all other Presidents in American history — from George Washington to George Bush — combined.”

    http://www.investors.com/NewsAndAnalysis/Article.aspx?id=542408

  3. Barry should be getting a Nobel for economics any moment now

    roflmao

  4. Stuart:

    I hear you. I do. So create a company that helps people deal with the IRS. You’re obviously thoughtful and entreprenurial. Make a plan, hire some talent, and keep saying what you’re saying. But IRS bureaucracy is no more evil than AT&T bureaucracy — and that’s a plus for your business. If a tiny portion of the population makes most of the income, then that’s where most of the income tax needs to come from, don’t ya think? This means the target market for your services is a small, concentrated group — another plus for your business.

    Take heart; opportunity is all around you.

  5. This is due to the oil spill. Republicans blocked a full investigation and apologized to BP for how the company was being treated y the public. Now republicans can point at “the boogey man” (as mike on August 3rd wrote) and blame him. Who will you blame when Jeb Bush is president? Oh yeah, you’ll still blame Obama.

  6. It is truly staggering how every criticism repeated over-and-over-again by the Democrats during the Bush Administration is actually true about President Obama. I remember the constant drumbeat of ‘worst unemployment since the Great Depression’, which wasn’t true then, but is certainly true now. How about when the Patriot Act was widely compared to Big Brother from Brave New World, and then the Democrats reauthorize it quietly during the Obama Administration. ‘No blood for oil’….unless liberals are in power, and then don’t expect to hear this slogan ever again-down the memory hole you go. Even with illegal immigration, there are news stories that could be written about the number of illegal immigrants in California prisons or illegal immigrants murdering and raping citizens, but the journalists are mum. It is amazing how different reality becomes when a liberal Democrat is President.

  7. Stew baby….don’t even want to know if the figures are accurate? Don’t you care about the truth?…..Typical of the right….Just as long as you can just keep chanting in your own mind. It’s the boogey man, it’s the boogey man, it’s the boogey man then you feel safe. Being frieghtened of something that is different from you is a direct result of ignorance. And as they say ignorance is bliss.

  8. Chkn Fryd # 24 “But IRS bureaucracy is no more evil than AT&T bureaucracy…”

    Seriously??? You really believe that?

    Riiiiight.

    Last I checked AT&T didn’t have the power to audit you – make laws to take your money for services you don’t use – imprison you – or FORCEFULLY enter your home or business.

    When was the last time AT&T purchased assault shotguns?

    Your new name is Gumby (damnit) because you must be very flexible tying yourself in those twisted knots of “logic” you spew.

  9. you know Stew, that’s what I like about the right. All you have to do is say something and if it fits in with the right winged ideaology then they go with it whether its true, false or indifferent. That’s why fox noise, along with Beck, Hannity and Limbaugh the drugster are so beloved by the right. They just spew out half-truths and disinformation and you eat it up like a lap dog. The truth is unimportant, but the ideaology is what you hold on to.

  10. Kevin P @ 31: Every private business you do business with has the power to “audit” you — it’s called a “credit profile” and as Ron White said, “profiling is wrong.” Try posting without an internet connection. Who do you call about it if you can’t call or e/mail? You’re telling me that since you pay your phone bill you use every service available? Otherwise you would be forced to “pay money for services you don’t use.” By implication this means you have visited every web site ever made because to not do so while paying for internet access would, by your definition, be a waste of money. And if you didn’t pay what you owe them, wouldn’t they be right to come after you? Bureaucracy is bureaucracy whether it supports big capitalism or big government; it’s not wrong, it’s not efficient, but it’s very effective.

    I can’t hear you. I – I just can’t hear you. Get back to me when they restore your connection.

  11. Chkn Fryd
    August 3rd, 2010 | 11:11 am | #21

    But didn’t Cheney say “Reagan proved deficits don’t matter?” Debt skyrocketed under Reagan; this should make the President more Reaganesque, more Conservative than most of you all.

    Think about it.

    Your interpretation of that statement is disingenuous at best. Deficits didn’t matter as much under Reagan and the Bush 43 as they do now because they were still a small percentage of GDP and the economy was growing, but under Obama, they dwarf the Reagan and Bush years and are taking up an increasing and higher percentage of GDP. The same is true of the debt. Take a look for yourself:

    http://www.usgovernmentspending.com/federal_deficit_chart.html
    http://en.wikipedia.org/wiki/United_States_public_debt#History

    Plus, there is the health care plan and increasing Social Security and Medicare payments due to the retiring Baby Boomers that will add substantially to the deficit and debt over the long term beyond the forecasts listed at the second link above. Of course, you find it easier to have everyone discuss Reagan and Cheney than to defend the abysmal spending record of Obama and the Democrats the past couple of years. I’m not surprised since defending Obama in regards to spending, deficits, and the debt is a losing proposition.

    Face it, there were problems with government spending under all recent administrations of both parties — the dot-com and housing bubbles under Clinton and Bush 43 brought in temporary revenues that masked the excessive spending that took place under both — but Obama has taken it to new levels and doesn’t have a strong economy to mask it. It’s also why Obama is going to increase taxes, which will ensure a sluggish Japan-like economy for the foreseeable future. But you keep digging up excerpts from comments by Cheney and other Republicans instead of acknowledging the horrible spending habits and fiscal policies of Obama & Co. Talk about putting your head in the sand.

  12. David
    August 3rd, 2010 | 11:22 am | #25

    This is due to the oil spill. Republicans blocked a full investigation and apologized to BP for how the company was being treated y the public. Now republicans can point at “the boogey man” (as mike on August 3rd wrote) and blame him. Who will you blame when Jeb Bush is president? Oh yeah, you’ll still blame Obama.

    Is this post for real? It doesn’t even make sense. BP is ultimately to blame for the oil spill but to blame the GOP for supposedly blocking a full investigation is beyond stupid considering the Obama Administration’s Minerals Management Service (MMS) was the one inspecting BP’s Deepwater Horizon drilling rig and could have helped prevent the spill from ever happening. Plus, what’s the point of a full investigation at this point anyway considering that BP has already pledged a boatload of money for the clean-up and has released records which show they were derelict in their duties. A full investigation isn’t going to add much to the public knowledge considering the vast majority of the public holds BP accountable for the spill and the company has basically acknowledged many of its mistakes.

    BTW, your attempt at acting like the GOP has invented the art of blaming the president for all ills considering your sides behavior during Bush 43′s presidency — as well as the 18 months Obama has been in office — is laughable. Like a coward who lacks leadership skills, Obama himself is still blaming Bush. It’s pathetic.

  13. Looks like some real fuzzy math to me.



1 2 3 4 5


`

© Copyright 2014, TheGatewayPundit.com. All rights reserved. B
Privacy Policy | Terms and Conditions