Gallup: Unemployment drops down to 8.1%, lowest level yet.

higher tax rate at equivalent purchasing power equals loss of wealth genius.

 

What about the 4.4 fewer than when Bush and the Republicans controlled things? See those weren't new jobs created, just half of the old ones coming back.

 

And I'll refute it once again:

Your statement: "the downward spiral ended as Obama came into office and long before his stimulus was passed."


Quarter - Real GDP
2008q4 -9.2%
2009q1 -6.8% <- Obama takes office, passes Stimulus.
2009q2 -0.7%

Source: BEA.gov.

The date proves the economy continued to spiral downward as Obama took office, and into the second quarter which ended June 30, 2009, 5 months after he took office, 4 months after the Stimulus was passed, and 7-8 months after Tarp.

Feel free to throw away.

Where did I say that?

Why would you say that?

Obama of course inhereted an economic disaster as opposed to a slowdown.

But in conservative land, the first year only counts when a Democrat is in office.

 

Number of jobs created doesn't matter. The only thing that matters is number of jobs created per capita. So your claim about jobs is absolutely meaningless.

 

The rich don't pay taxes anyway because there are many loopholes in the taxcode.
The poor don't pay taxes anyway because of the progressive income tax.
The only class that pays taxes is the middle class.

The government will never raise real taxes on the wealthy. The bourgeoise class that Obama and the Liberal Elite faithfully serve will simply not allow it to happen. You are living in a fantasy world where government is not corrupt if you believe it to be possible.

What you're really saying ought to happen is the middle class should be paying more taxes. I disagree that kicking the middle class while they're down is an effective way to stimulate the economy.

 

Once again you dishonestly shift the subject which is unemployment NOT GDP. You are so predictable, when one stat defeats your argument try to shift to another. And yes his policies have kept GDP and economic growth from recovering.

Routinely.

Dodges noted.

No more than other Presidents, and he has totally failed and in fact kept us from a full recovery. Average GDP over the last 6 quarters under 2%. Real unemployment near 10%, New claims going back up.

In liberal land Bush is responsible for the year before he was elected.

I have been clear from the get-go, more so than you. Obama inherited a recession. It's what he did that matters, and what he did was a total failure.

 

How curious. Both your own chart on US gdp per capita and mine here of real us gdp;

http://www2.warwick.ac.uk/fac/soc/e...rs/us_monetary_and_fiscal_policy_fishback.pdf

Show that US gdp returned to previous levels in a few years after 1933.

 

Um no theres been no shifting. You brought up both unemployment and gdp;

Thats an accurate quote from a few pages ago. If you dont want to talk gdp you shouldnt mention it.

 

While I'm sure that the subject of unemployment remains of interest to us all this thread has exceeded the 500 post limit and is being closed. Perhaps the next unemployment statistics would be appropriate to start a new thread on the topic.

Shiva_TD
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