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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55 votes
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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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Top Opinion
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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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Brilliant!!!
is how to imploy a set of these
locks only keep the honest people out
seen the Nation's Treasuary of late?
The Canadians are now making a deal with China! How does this make sense?
One thing that amazes me is how the so called intelligent folks on the Right don't understand or realize that the NBER not their damn opinions determine when our Country is in Recession and they've been doing so since the 1920's! Get educated people, do some damn research for once....
agreeing to go along, just to get along
also isn't good policy
inheriting a slugish economy along with other items on the plate
is no excuse
He wanted the job, he got it
his performance to date is reason not to keep for another 4 years
One term I haven't heard for awhile is
"independent investigation" by a special prosecutor
enough said
don't matter who drove that boat before him
his Responsibility
and anything else that happens aboard that ship
from the boiler rooms
to the food
and navigation
Nancy Pelosi could be viewed as the ship's pursor
by electing this obama
America got is a fantisy full of Koombiya
rest assured,
there is plenty of blame to be laid at the feet of republicans
(close the damn border) Bush,Clinton,Bush, obama
as if they listen to me
I view goverement this way
Democrats = take my funds & freedom as a fast pace
Republicans= take my funds & freedom at a slower pace
Future so bright
I gotta wear shades
I gotta wear shades
Do it yourself you lazy phuck..
Brilliant!!!
Maybe you should look at and talk to people in the actual employment areas instead of blindly accepting what the government says. All your argument is based on biased numbers that do not reflect the entire picture.
You do realize that created means new jobs that never existed right?
Since Stimulus money began hitting the economy, the date of the first signed by president Obama budget Oct. 1, 2009, over 3 million private sector jobs were created. For the year before 8 million private sector jobs were lost. Some conservatives drink all the kool aid out there, this progressive does not. The last year of a Clinton signed budget saw the loss of 2 million private sector jobs. Dubya was not handed a bed of roses.
socio-political economics) thinking Independent that actually works in the Employment industry for the last 26 years. BTW 3 million from 8 million is not a gain but a loose. What you think you see is an accumulation of bad policies by the left and the right going back to kennedy.
Do you know the difference between the koolaid drinks on the right and ones on the left like you. You both drink the koolaid and are to simple minded to realize the only difference is whether it is red or blue
Mr. Masters may need a course in internet searching. Start with college educated and not unemployment figures. Then FDR WWII spending and job creation. JFKs man to the moon technologies is another job creator. Any economist will tell you policy changes take months to hit the economy to circulate money. The housing bubble took 5 years to build as trillions in new housing equity doubled home prices from 2001-2006. Banks leveraging 30-1 selling mortgage backed securities took months to burst the bubble with margin calls from creditors requiring TARP. Kool aid on the right is trickle down, no regulation that failed 3 presidents (S&L; failure, 90-91 recession, the great recession losing 8 million jobs in the last year of a Dubya signed budget), will work if tried one more time. This progressive does not drink left kool aid. In the last year of a Clinton signed budget the economy lost 2 million jobs. Dubya was not handed a bed of roses.
Anytime you wish to debate me come prepared, I am very well informed on history and current events.
Banks did not create inflated home prices, regulators providing easy money caused the housing bubble.
And, please share with us how a sitting president gets tax CUTS to be reinvested? Do you mean in the form of loans to green energy companies that go bankrupt or GE whose CEO sits on some economic council and moves his green jobs to China with the pResidents blessing? How a GM built green car that require $10,000 subsidies just to get somebody interested in buying one? Are those the type of reinvestments you are referring to?
We are seeing NO ray of hope. The masses that got dumped in to unemployment during his first two years (including me) are now out of benefits and no longer counted in his ficticious unemployment stats.
What got us in to the mess was a liberal created housing crisis driven out of the corruption and lax oversight by Barnie (I love my Fannie) Frank and Chris (Countrywide) Dudd. Free houses for all and no accountability broke the largest economic driver in our nation. And, liberals blocked every attempt to investigate the coverup.