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pineinthegrass wrote: I don't have time to research all those statements, so I looked up a few that seemed suspicious to me...
Job Growth? No!
The rate of job loss peaked and then continued to reduce shortly after Obama's inaguration and it has been growing the last five months (see next link).
Unemployment Down? No!
The unemployment rate continues to be awful, but it peaked last October, 2009.
http://www.bls.gov/news.release/pdf/empsit.pdf
Balance Budget? No!
Nope! Hasn't been done since Clinton. Bush pledged to cut the deficit in half by the end of his term, but it went way up. And it continues to do so.
Consumer Confidence Up? No!
The Consumer Confidence Index started tanking around August 2008 (about 110) to a low of about 25 in March 2009, shortly after Obama's inaguration. It's been up since to about 63 in May 2010, but I hear it's down in June.
http://future.aae.wisc.edu/data/graph/edit_graph
Stock Market Up? No!
The Dow Jones closed at 7920.66 on Jan 20, 2010, the date of Obama's inaguration. It's been hit hard the last few weeks, but it closed today at 9732.53. That's up 23%.
http://www.rightpundits.com/?p=3080
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residenttroll wrote:
You fail to dig into the reports you cite.
Really? I think you aren't digging
1) BLS data reveals all job growth has come from one sector. The government! Temporary census jobs. In fact, no census and the data would have reflected a net loss of approximately 40,000. Again, JOBS? No!
I quoted a trend of about 15 months shortly after Obama took office. At the time, we were losing close to 800,000 jobs a month. There has been a steady improvement since. Just look at the Bureau of Labor Statistics graph (the one on the right) at the link I posted. Now, you are talking about a loss of 40,000 leaving out the census data in the month of May? Let's see, how does 40,000 compare to 800,000? Near 20X? I'd say that's still an improvement, duh. And I haven't even looked up your claim yet. As I recall, the census didn't make that much a difference, but I might be thinking of April rather than May (and yes, I see the reference in the May report). I'm just saying that even accepting your claim, the fact is that job loss has improved a whole lot regardless. It's not a NO.
Look, I'm just replying to the claims you made in the thread you started. You were talking about now, and you were wrong regarding the points I made. I'm not making predictions about the future. Hey, I didn't even vote for Obama. I just see too many people quoting stuff they see from right (in your case) or left wing web sites who don't really research the facts before they post.
2) Unemployment rate is the highest since 1948 when the government started recording the data. The data doesn't reflect folks who have given up and no longer qualify for benefits, it's doesn't include individuals who were self employed and now looking for jobs, and it certainly doesn't include the illegal job market. http://www.bls.gov/opub/ils/pdf/opbils82.pdf Again, Unemployment rate down? NO!
OK, I guess unemployment is finally higher than it was in 1983 under Reagan. And the stuff you say about unemployment not including people looking for jobs, etc, has been true in the past. It's nothing new under Obama. So what's the point? Like I said, the unemployment rate is awful. But it has been down since Oct 2009 as I said. I'm not sure that's a NO based on trends (it is a slight downward trend the last 7 months). But it is a NO based on horrible numbers. I pretty much said the same thing last post
3) By your own account...Budget Balance? No! is accurate. No sure what your point was - still blaming Bush for Obama spending addictions?
Yep, I agree on that one, and didn't say otherwise. But the recession did start around Dec 2007 under Bush. How long did it take Reagan to turn his recession around? And I do recall conservatives blaming Clinton for economic woes for 8 years after he left office. But frankly, I don't see this improving in the next couple years under Obama. We'll see. And again, I think your post was about the present.
4) Consumer Confidence went down in June. Not only did it go down, it crashed! Went from 62.7 in May to 52.7. Last time I took a test in college, a 52.7 out of 100 was failing. So it's accurate to say, Consumer Confidence is Down. Therefore my accusations of Consumer Confidence Up? No! is accurate. http://www.pollingreport.com/consumer.htm#Conference
Your own link supports my link and what I said. By Consumer Confidence, I think it was safe to assume you ment the Consumer Confidence Index, since that's the main measure I know of. A little over half way down your link you'll find it, there it's called "Conference Board CONSUMER CONFIDENCE INDEX conducted by TNS".
Using your link, from mid 2008 it went down from 105-110 to 25.3 in Feb 2010, just as Obama took office. Off the top of my head, that's about an almost 80% drop. It went up steadily to 62.7 in May (as I said in my post). It dropped to 52.7 in June (I mentioned in my post it dropped, but didn't have the number from the site I used). But it's still up over 100% since Obama took office. So it's no way close to a NO.
5) Stock Market Up? No! is also accurate. The market experienced it worst declines in June since 2008. S&P is down. http://www.redcounty.com/backup_15thmar ... 50x535.gif
OK, you are just plain sloppy here, even more so than before. Did you even look at that graph. Where did it end?
Answer: Just after Feb of 2009.
Wasn't your post about present time? And I stand by my claim that the Dow has gone up 23% since then (I even linked the number from a conservative web site, read it if you wish). OK, your link is talking about the S&P 500, but again, that's in 2009. I'll leave up to you to do the homework on how much the S&P 500 has gone up since then. Please be fair and report back the % increase. Again, you're wrong about the NO. Way wrong.
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residenttroll wrote: Pineinthegrass,
Thank you for your insight into the data. If you believe the pending a half a trillion dollar in a stimulus plan is working, the economy is stronger, and unemployment is better - I'm o.k. with that.
It's obvious that using the same tactics towards your Messiah disturbs you. You probably applaud the likes of Keith Olbermann and HuffPo writers when they characterize the Republican party as the Party of No in a negative light when they vote no against the Obama spending machine. You probably are resting well today knowing that the Democrats have attached $ 22 Billion Domestic spending in a $ 30Billion War Bill.... but what's a couple of billion and here and there?
Fiscal Constraint? No!
War Ended? No!
Change in Washington? No!
Yep, it's still the Party of No!
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OK Lebell.netdude wrote:
residenttroll wrote: Pineinthegrass,
Thank you for your insight into the data. If you believe the pending a half a trillion dollar in a stimulus plan is working, the economy is stronger, and unemployment is better - I'm o.k. with that.
It's obvious that using the same tactics towards your Messiah disturbs you. You probably applaud the likes of Keith Olbermann and HuffPo writers when they characterize the Republican party as the Party of No in a negative light when they vote no against the Obama spending machine. You probably are resting well today knowing that the Democrats have attached $ 22 Billion Domestic spending in a $ 30Billion War Bill.... but what's a couple of billion and here and there?
Fiscal Constraint? No!
War Ended? No!
Change in Washington? No!
Yep, it's still the Party of No!
You have no idea who pineinthegrass is..... he is a moderate and not a fan of anyone. He was just pointing out facts, thus your obvious discomfort. I guess it neuters you hate.
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