Rate of job loss, Bush v Obama (fact checked)

UPDATE: just got factchecked, report and raw data

(Courtesy of howardweaver)

 

Comments

[Agent86]

Forgot to mention much of the losses in the graph can be attributed to Obama
He was a player in the Acorn or sister group one of Obama's jobs was that he was part of filing suit against Citi bank for not providing enough loans such as Affordable housing loans and claims it was a racial issue.

So this topic and others helped mold bank decisions in engaging in even more high risk lending of sub prime mortgage loans.

Acorn was setting up camp and the CEO's houses of Banks intimidating these banks to give these types of loans.

And Acorn and other community organizers helped the push along with liberal groups to push the sub prime mortage issues and regulations requireing banks to provide these types of loans.
Banks were to maintain a CRA rating (community re-investment rating) which forced banks to provide these types of loans.
So don't be mad and the wealthy, don't be mad at wallstreet

Be mad at the poor and the liberal and Obama for causing these job losses you see in this graph.
Prove me wrong.
This is a known fact, and Obama was a player in all of it as well.

So the graph you are looking at is showing the results of the poor economic policies enacted by liberals. Not Bush.
Respond if you can. The truth will set you free.

[Agent86]

I miss Bush and jobs.

Lets compare the first 2 years of Bush to the first 2 years of Obama

Bush created jobs, and Obama losses jobs on an ongoing basis.

7.5 years of Bush most robust economic growth and 52 record breaking months of steady GDP growth.
There is NO recovery from this economic crisis caused by Liberal economic policies aka CRA and Afforable housing.
And Clinton signed the repeal of the Glass-Steagal Act which was the protection for investors that separated commercial banking from investment banking.Clinton signed the repeal that was put in place as a result of the first stock market crash in 1933, And Clinton signed and it was repealed.
Then the banks were allowed to create these securities and because the Steagal act was repealed the debt was sellable oversees creating not only a US economic crisis but a Global crisis.
I miss Bush and Jobs
Now we have debt spending of 8x all other Presidents combined !!! Not just more spending then Bush but 8x all other Presidents combined.
Obama is the worst President we ever had and This Congress and Administrations is at an all time low rating of 11% that is a 89% disapproval rating. This is for good reason.
You can't say I didn't warn you.
Now China is not buy Treasury bonds because their own economy is slowing slightly and they are nervous about the US being able to pay it back.
Greece economy failed.
History repeating is self once again.
The more things change the more they stay the same.
Change it back, I remember Bush and Jobs, this is ridiculous, and these fools are talking jobs saved LOL
A job saved it not a job created no matter how crafty you talk.
When your sitting at home trying to figure out how to keep the lights on who cares about your twisting talking point.
Mr. President !!! Create Jobs !!! you arrogant idiot.
But you don't know how do you ?
Because your a professional begger aka community organizer. You are not qualified to create 1 single job are you.
You spent your whole life figuring out how to beg people for money for what you believed is a good cause.
You never actually had to produce any profits or produce and actual product or service that had any value.
You didn't have to manage a budget etc. or manage employees etc.
Bush had the highest education level of any other President and it was a Masters in Business Administration.
But you liberals didn't know that did you ?
Because you never even looked into to anything. You simply spread gossip.
I challenge you to listen to Rush Limbaugh, Shawn Hannity, Chris Plant, Mark Levin, Fox News Cable, O'reily etc.
I challenge you to listen to 60 days. You will be amazed at what you have been missing, because main stream won't even report anything important.
Today it was reported that the biggest scandle uncovered in Billions from oil for food programs and GE yes General Electric was involved.
Mainstream says nothing about it LOL typical.

Happy blogging, or heckling or whatever you do here.

Change it back I miss Bush and jobs.

Bush warned about the financial bubble on Cspan for 6 years or more, and Liberals just said they don't see any problem, or no problem with Freddie and Fanny
Watch a re-run of Cspan Bush/Mcain warned about this housing bubble bursting for years.
You were warned and liberals did nothing.
They opposed everything that could have prevented this financial crisis.
And again NOT caused by Bush but warned by Bush and caused by liberal policies.
You didn't know that did you.
Amazing what you find out when you actually look into things.

Search what caused the economic crisis ? it's all on google and all experts agree it was the subprime mortgage market which stemmed from repeal of glass steagal and community re-investment/affordable housing.
Banks were regulated in addtion to provide a % of these types of loans in order to get approval to expand new locations.
Government gaurantees etc. etc.
Government is the problem not the solution.
Change it back.....

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This isn't even close to being true. Please follow the Raw Data link and look at the Bureau of Labor Statistics Current CES Economic News Release - Employment Situation Summary and you will see that it cannot possibly be correct. Beware you coolaid drinkers, you are taking us all down with you.

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Well greetings fellas thanks for the opportunity of post a message , also i would like to know more about healthy food is very interesting , how can i get more information about it , I want to sign up for more details.
This isn't even close to being true. Please follow the Raw Data link and look at the Bureau of Labor Statistics Current CES Economic News Release - Employment Situation Summary and you will see that it cannot possibly be correct. Beware you coolaid drinkers, you are taking us all down with you.

[Clear thinker]

1. During Bush, Corporate America shipped their manufacturing and jobs out of the country.

2. During Obama, jobs continued to be lost due to the Financial sector's greed and thus, the economy tanked.

3. Everyone wants to blame Obama. Where are the manufacturing jobs from Corporations? How are people who have jobs going to spend when prices keep going up?

4. In case you can't see the horizon over there...if we don't start making things again, the job market is going to remain stagnant, regardless of what Administration is in power.

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Well greetings fellas thanks for the opportunity of post a message , also i would like to know more about job loss is very interesting , how can i get more information about it , I want to sign up for more details.

[Marilyn Baker]

This isn't even close to being true. Please follow the Raw Data link and look at the Bureau of Labor Statistics Current CES Economic News Release - Employment Situation Summary and you will see that it cannot possibly be correct. Beware you coolaid drinkers, you are taking us all down with you.

[greg]

Pat you miss the point. The *rate* of job change has to be positive for the unemployment rate to go down. But the rate of job loss is not going to go from staggering losses one month to zero losses the next month any more than the unemployment rate itself will suddenly drop three percentage points.

So yes, the chart you point to is a concern, but the unemployment rate will only go down when the chart at the top is firmly in positive territory.

[Craig Newmark]

good way to illustrate the effect of eight years of neglect; its a trailing indicator. thanks!

Craig

[Pat]

Here's the graphic they should be worried about:

http://www.google.com/publicdata?ds=usunemployment&met=unemployment_rate&tdim=true&dl=en&hl=en&q

Take note of what's happened in the past year when Obama took office.