Have President Obama's economic policies helped make the economy rebound?
Mopeder
2012/02/16 13:20:59
SLIDESHOW: President Obama's Record on Jobs
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President Obama's Record on Jobs - Obama for America 2012 Ad - February 2012
Have President Obama's economic policies helped make the economy rebound?
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78 votes
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“For the first time since 1990, American manufacturers are creating new jobs,” Obama said at a Master Lock facility in Milwaukee on Tuesday, February 15, 2012. “That’s good for the companies, but it’s also good up and down the supply chain.”
Obama’s claim — an apparent bright spot in a sea of still gloomy economic news — is corroborated by government statistics, which show an undeniable rebound for manufacturers during his term, both in terms of productivity and employment of American workers.
When Obama took office in January 2009, unemployment in the manufacturing sector stood at 10.9 percent and spiked to 13 percent a year later, according to the Labor Department. But in the two years since, unemployment has fallen precipitously, now holding at 8.3 percent in January 2012.
Obama’s claim — an apparent bright spot in a sea of still gloomy economic news — is corroborated by government statistics, which show an undeniable rebound for manufacturers during his term, both in terms of productivity and employment of American workers.
When Obama took office in January 2009, unemployment in the manufacturing sector stood at 10.9 percent and spiked to 13 percent a year later, according to the Labor Department. But in the two years since, unemployment has fallen precipitously, now holding at 8.3 percent in January 2012.
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Sissy 2012/02/16 13:49:54Yes
+18And just think what MIGHT have been accomplished had the republican leadership rolled up their sleeves in '08 and worked with this President to clean up the mess they largely created? What's burning them now is that slowly but surely we are beginning to see a ray of hope and they can take absolutely no credit for any of it.
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An economic theory stating that active government intervention in the marketplace and monetary policy is the best method of ensuring economic growth and stability.
Unfortunately, 'active government intervention' is the surest means of destroying an economy known to man.
What does that say to the American people that if a single party (Democrats) whom owned all three branches (Executive, Congress and Senate) and needed not one Republican vote to pass anything. They could not propose a budget and pass that budget. But blame the Republicans.
http://www.shtfplan.com/headl...
The Real Unemployment Rate: 21.5% not 9.5%
Seems the ad is all true, so who's to thank for Job creation? Obama, or not?
Elaine Chao: Real Unemployment Numbers Are Double
Friday, 03 Feb 2012 04:24 PM
By Martin Gould and Kathleen Walter
America could be headed toward another Great Depression unless youth unemployment rates are drastically improved, former Secretary of Labor Elaine Chao tells Newsmax.TV exclusively.
The rates among the young stand at 24 percent, she said, close to the level of general unemployment during the 1930s.
“The Great Depression saw unemployment rates well in excess of 25 percent. While we are not there yet, the trend that we are currently following is very dangerous,” said Chao, the only Cabinet secretary to serve for the entire George W. Bush presidency.
“From 2001-09, when I was Secretary of Labor, the average unemployment rate was 5.2 percent. This administration is trying to get us accustomed to this new norm of over 8 percent, and that is so sad – 44 percent of the 14 million Americans who have been out of work are now characterized as long-term unemployed.
“What we need is not more rhetoric that divides us, we need this administration to act in the best interests of this country and create more jobs by lessening all t...
Elaine Chao: Real Unemployment Numbers Are Double
Friday, 03 Feb 2012 04:24 PM
By Martin Gould and Kathleen Walter
America could be headed toward another Great Depression unless youth unemployment rates are drastically improved, former Secretary of Labor Elaine Chao tells Newsmax.TV exclusively.
The rates among the young stand at 24 percent, she said, close to the level of general unemployment during the 1930s.
“The Great Depression saw unemployment rates well in excess of 25 percent. While we are not there yet, the trend that we are currently following is very dangerous,” said Chao, the only Cabinet secretary to serve for the entire George W. Bush presidency.
“From 2001-09, when I was Secretary of Labor, the average unemployment rate was 5.2 percent. This administration is trying to get us accustomed to this new norm of over 8 percent, and that is so sad – 44 percent of the 14 million Americans who have been out of work are now characterized as long-term unemployed.
“What we need is not more rhetoric that divides us, we need this administration to act in the best interests of this country and create more jobs by lessening all this talk about taxes, decreasing regulations and having some kind of fiscal discipline.”
Chao, who is married to Senate Majority Leader Mitch McConnell, spoke to Newsmax at the Hispanic Leadership Network’s Inspiring Action Conference in Miami recently.
Rasmussen Poll: Santorum Surge Has 'Substance'
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Elaine Chao: Real Unemployment Numbers Are Double
Friday, 03 Feb 2012 04:24 PM
By Martin Gould and Kathleen Walter
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America could be headed toward another Great Depression unless youth unemployment rates are drastically improved, former Secretary of Labor Elaine Chao tells Newsmax.TV exclusively.
The rates among the young stand at 24 percent, she said, close to the level of general unemployment during the 1930s.
“The Great Depression saw unemployment rates well in excess of 25 percent. While we are not there yet, the trend that we are currently following is very dangerous,” said Chao, the only Cabinet secretary to serve for the entire George W. Bush presidency.
“From 2001-09, when I was Secretary of Labor, the average unemployment rate was 5.2 percent. This administration is trying to get us accustomed to this new norm of over 8 percent, and that is so sad – 44 percent of the 14 million Americans who have been out of work are now characterized as long-term unemployed.
“What we need is not more rhetoric that divides us, we need this administration to act in the best interests of this country and create more jobs by lessening all this talk about taxes, decreasing regulations and having some kind of fiscal discipline.”
Chao, who is married to Senate Majority Leader Mitch McConnell, spoke to Newsmax at the Hispanic Leadership Network’s Inspiring Action Conference in Miami recently.
Story continues below the video.
She attacked President Barack Obama’s policies, saying the current administration looks to Europe as the model for the American economy.
“We used to make fun of Europe because their unemployment rate was well in excess of 8 percent. Well, here we are today.
“Europe is not the model. We are now in a globalized economy and we’ve got to learn how to compete and we have to protect our own people.”
Figures out on Friday showed that the unemployment rate had fallen to 8.3 percent from 8.5 percent in January. But the “real unemployment” rate – which includes those who have become so discouraged they are no longer actively seeking work and part-time workers who would like full-time employment is still above 15 percent.
The figures also showed that a whopping 1.2 million people had dropped out of the workforce in one month, leaving the active labor force at 63.7 percent of the population, the lowest in 30 years. When Obama came into power that figure stood at 66.2 percent, figures from the Bureau of Labor Statistics show.
Chao said the president has to spend more energy on job creation and less on class warfare.
“It’s really unfortunate that amid all of our economic woes that the president doesn’t tackle the real reason why there is no job creation.
“The problem with this economy is that we are not creating jobs,” she added. “And we are not creating jobs because employers don’t have the confidence that this administration will understand what it takes to create jobs.
“Taxes are too high, there are too many regulations and we’re spending beyond our means. That is putting a dampening effect on job creation.”
She said too many laws and regulations are contradictory, confusing and add an extra, unnecessary level of bureaucracy to too many companies.
Chao claimed the real unemployment rate is now nearly 16 percent when those who have given up looking for work and part-time workers who want a full-time job are taken into account.
“We don’t need more laws or regulations. We need to enforce those that are on the books.
“To spark job creation we’ve got to get rid of all this regulatory burden on employers. Regulations are a form of tax on the employer.
But Chao said she is optimistic that with changes at the top at the next election things could turn around. “Elections have consequences,” she said. “This administration believes that a socialist model is the best economic model for our country and a great many Americans disagree as we saw in the November 2010 elections.
“We will have another chance as a people to come and express ourselves and give voice to our concerns in November of this year.”
Government is getting smaller and PRIVATE SECTOR jobs are on the rise.
Try and keep on subject here, because the subject is JOB GROWTH and who's responsible.
When private sector jobs were on the downturn, it was the GOP that attacked Obama and Democratic policies for this, but now things are looking up and it's got nothing to do with them? How nutty that is, huh?
The OffShore Industries lost over 5 million job after Obama forced the offshore drilling. You see, it not just the men on the off shore rigs that lost work, but the people who support those offshore workers. Remember 5 MILLLION JOBS LOST in one summer, and he claims 3 million.
He give 1/2 billion dollars to Fisker to build electric cars here in the US. Fisker shows this wonderful manufacturing plant here in the US. The ink did not even dry before he move the company oversea with that money. Just Fisker company cost over 100,000 jobs losses plus 1/2 billion in US tax payer money.
In fact all his green companies he loaned monies to have either gone bankrupted or left the US soil. Remember he loaned money to two solar manufacturing companies and they both are now bankrupted and have put more than 100k skilled worker on the streets. Yet you still believe he had job growth in the 3 million range.
Enjoy. I'm looking forward to a count.
Now how has he created more jobs if more people are out of work.
The CBO own numbers show the private sector has lost of 20 million jobs since January 2009. Almost 1 million jobs lost each month.
Again in 2011 the Gulf Coast lost over 5 million jobs, yet Obama talks about 3 million jobs growth. That by his own number is a 2 million job lose and that is only looking at the Gulf Coast States. There is still 45 other states that saw job loses.
Job growth numbers:
http://www.bls.gov/news.relea...
Fact-check.org verified the numbers. we can continue this all week, if you'd like, but the issue is Obama saw jobs increase under his tenure as president.
If five states loss over 5 million jobs and Obama claim a 3 million job growth. That is still a 2 million job lose and only 5 state.
I knew you were going to go bonkers, so the math is done here.
So, what's the problem?