Have President Obama's economic policies helped make the economy rebound?
Mopeder ~ Proud American
2012/02/16 13:20:59
SLIDESHOW: President Obama's Record on Jobs
1 of 6
President Obama's Record on Jobs - Obama for America 2012 Ad - February 2012
Have President Obama's economic policies helped make the economy rebound?
|
|
|||||
|
55 votes
|
|
41% | ||
|
78 votes
|
|
59% | ||
“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.
Read More: http://www.sodahead.com/united-states/barack-obama...
Top Opinion
-
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.
almost a trillion of debt (stimulus) would keep unemployment below 8% hasn't been that low during his entire time.
Obama health care that was passed based on "we have to pass it to find out what is in it" (only democrats thought that wise.
demonstrates weakness throughout the world.
created OWS, and we have seen the disaster that is.
devided America more than any other president in history
his appointees demand that chicken mcnuggets are better then a turkey sandwich
how is that for starters?
so send me the list of excuses and blame Obama is famous for.
The President's prediction of 8% unemployment was (a) based on the proposed stimulus that was a lot larger than what the Republicans watered it down to, and (b) based on a projected 4% GDP drop under Bush's last quarter that was later discovered to be over an 8% drop.
The Health Care Reform Law was available for anyone to read on the internet for weeks before it was passed. I know it's not fair to ask Republicans, especially Republican members of Congress, to actually read anything, but that's not the President's problem.
Far from demonstrating "weakness" in the world, the President has restored the honor and respect that this country earned over 200 years but which Bush pissed away with his nonsense about "freedom fries" and his "you're either with us or you're the enemy" childishness. The United States is once again the most respected nation in the world thanks to President Obama.
The Occupy movement was not created by the President. It is a genuine grassroots expression of the American people whose success in changing the nature of the natio...
The President's prediction of 8% unemployment was (a) based on the proposed stimulus that was a lot larger than what the Republicans watered it down to, and (b) based on a projected 4% GDP drop under Bush's last quarter that was later discovered to be over an 8% drop.
The Health Care Reform Law was available for anyone to read on the internet for weeks before it was passed. I know it's not fair to ask Republicans, especially Republican members of Congress, to actually read anything, but that's not the President's problem.
Far from demonstrating "weakness" in the world, the President has restored the honor and respect that this country earned over 200 years but which Bush pissed away with his nonsense about "freedom fries" and his "you're either with us or you're the enemy" childishness. The United States is once again the most respected nation in the world thanks to President Obama.
The Occupy movement was not created by the President. It is a genuine grassroots expression of the American people whose success in changing the nature of the national debate has already benefitted the nation.
Far from dividing the nation, President Obama has made more of an effort to reach across the aisle, more efforts to reach bipartisan compromise than any of his predecessors, only to be met with unprecedented obstructionism, more filibusters in three years than in the previous fifty, and a kneejerk rejection of anything he proposes, even when they are proposals that were previously made by Republicans.
And finally, as to the chicken nuggets story, it was officials of the State of North Carolina, not the Federal government, that decided the child's lunch was not "sufficent" and it was an official of North Carolina, not the Federal government, that decided that chicken nuggets were an appropriate "supplement". The President and the Federal Government had nothing to do with it.
Got any more lies?
again, who controlled the house and senate in 09? the drop is GDP had to do with the policies of the feds, overseeing that was Barney Frank and Cris Dodd, both democrats.
It was posted for weeks before democrats voted for it based on we have to pass it to find out what is in it? really? where did you get that?
Our allies don't trust us, and our enemies laugh at the weakness Obama demostrates.
OWS is a spin off of Obamas class warfair, in fact he has said he likes thier tactics.
Obama says republicans want dirty air dirty water. Obama says blacks and latinos have to assist him against his enemies. that sure sounds divisive to me. but I see your pattern of blame and excuse making, so Obama
these chicken mcnuggets rules came from the same department that is deciding what is the the law, the democrat congress voted on to find out what is in it. what was in it was authorization for presidential appointees to decide what they wanted. Congress and the president were exempt and are exempt from the laws, rules and regulations they pass. no wonder they voted for it.(democrats only) plus the dividend of selling ex...
again, who controlled the house and senate in 09? the drop is GDP had to do with the policies of the feds, overseeing that was Barney Frank and Cris Dodd, both democrats.
It was posted for weeks before democrats voted for it based on we have to pass it to find out what is in it? really? where did you get that?
Our allies don't trust us, and our enemies laugh at the weakness Obama demostrates.
OWS is a spin off of Obamas class warfair, in fact he has said he likes thier tactics.
Obama says republicans want dirty air dirty water. Obama says blacks and latinos have to assist him against his enemies. that sure sounds divisive to me. but I see your pattern of blame and excuse making, so Obama
these chicken mcnuggets rules came from the same department that is deciding what is the the law, the democrat congress voted on to find out what is in it. what was in it was authorization for presidential appointees to decide what they wanted. Congress and the president were exempt and are exempt from the laws, rules and regulations they pass. no wonder they voted for it.(democrats only) plus the dividend of selling exemptions to others for campaign contributions.
Nice list of blame and excuses. I see some can be fooled all of the time
thanks again for confirming that.
I'm not sending you anything because it wouldn't matter to you anyway. What you posted here is nothing short of petty and nonsensical. The benefits of the Health Care Bill are beginning to come to fruition and the President didn't "create" OWS, the greed and corruption on WallStreet did. The rest of what you write here is not worth responding to.
FYI vietnam began under Kenney D-mass, expanded by Johnson D-Texas, Under the truman doctrine D-Mo.
so blame Bush is your favorite Obama excuse? mine is the the Tsunami blame and excused from his blame and excuse poll testing bus tour last August. tsunami blame was laughed at like most of his blame and excuses so we don't hear that one much anymore.
Barney Frank, Chris Dodd were overseeing the financial market, again Frank D-Mass. Dodd D-conn.
FYI D=democrat.
thanks again for confirming some can be fooled all of the time.
We were doing pretty well in this country until 2000 when the incompetent, unqualified Shrub came to power and we will pay for that misbegotten presidency for decades to come. Suffice to say you can blame the dems all you want but anyone with two brain cells to rub together and has a memory longer than a gnat, knows how and when this nightmare began and who mostly caused it.
we were doing much better financially and in the world before the Obama regime, now Obama did say it was unpatriotic to run up 4 trillions of dollars in debt in 8 years, what does that say to his running up more then that in 3 years? Is Obama unpatriotic?
so you only have one brain cell? figures.
again your favorite Obama excuse blame is blame Bush, mine is still the tsunami blame. that really demonstrates his stupidity. how do you feel about the tsunami blame? and could you promote that more?
Like I say, you have an incredibly short memory of what led up to the financial cliff we were on. "Financially fit"? 800,000 jobs lost a month, obscene tax breaks for the job creators who created no jobs, a windall to the pharmaceuticals, two war fronts, a complete financial meltdown, the stock market crashing down and a trillion dollar debt handed this President? You think that was "doing better"? Sure for the 1%, they did just fine, but the rest of us were dying out here.
Obama unpatriotic? Like a candidate who amasses great wealth off the backs of the working class then runs with his money off shore so he doesn't have to pay anywhere near what he should? Like that for unpatriotic?
Obama said the same thing, about issues, so I won't vote for him either.
so you also buy into the class warfare? Do you work for a poor person? would you invest in companies like solyndra? Or would you invest in a for profit company that creates profit?
I was in the R/E industry, property appreasals, equity was in the pyramid scheme catagory, increasing at a rate of 25-30% a year. barny Frank in July of 08 on the house floor said freddie and fannie were in fine shape. in Sept. the pyramid collapsed. I was appreasing the same urban renewal homes every 6 months, with 10 of thousands of dollars being added to the mortgage, when the federal ruling about stated income came out, I sold my retainer contracts. Barneys statements came as the Bush administration was attempting to rein in these entities. by the way Barney is D-Mass. and the house was controlled by democrats. so we could dwell on blame and excuses, or seek solutions, what do you think would be good solutions? take all the wealth and redistrube it? Obama says to pay your fair share. what do you consider fair share? Obama could have lead by example, but he chose to whine that he was not forced to so didn't. does that make sense to you? do you believe it was in the best interest of the e...
Obama said the same thing, about issues, so I won't vote for him either.
so you also buy into the class warfare? Do you work for a poor person? would you invest in companies like solyndra? Or would you invest in a for profit company that creates profit?
I was in the R/E industry, property appreasals, equity was in the pyramid scheme catagory, increasing at a rate of 25-30% a year. barny Frank in July of 08 on the house floor said freddie and fannie were in fine shape. in Sept. the pyramid collapsed. I was appreasing the same urban renewal homes every 6 months, with 10 of thousands of dollars being added to the mortgage, when the federal ruling about stated income came out, I sold my retainer contracts. Barneys statements came as the Bush administration was attempting to rein in these entities. by the way Barney is D-Mass. and the house was controlled by democrats. so we could dwell on blame and excuses, or seek solutions, what do you think would be good solutions? take all the wealth and redistrube it? Obama says to pay your fair share. what do you consider fair share? Obama could have lead by example, but he chose to whine that he was not forced to so didn't. does that make sense to you? do you believe it was in the best interest of the environment for him to fly to Ohio, burning tons of carbon based fuels to read his prompter telling us to conserve energy? You say he has great ideas, but others are stopping him, should we give him another 1/2 trillions of dollars for the kind of investments he is pushing? investments that seem to be failures? did you or would you invest in companies like solyndra? just asking.
your last paragraph, why are you bringing up the Clintons?
No one ever said that Fannie & Freddie were not a part of the housing meltdown but to blame them solely is absolutely wrong and even the Wall Street titans have said that. If you caught the "60 Minutes" segment a few years ago that was aired right after the crash, they said so.
Your own whining about this President who has done absolutely nothing more than any other President, (Flying to destinations in the country he is President of), but who finds yet another excuse to bith about the most petty of complaints against him is rather disingenious. Your nitty remark about his teleprompter reading is just as foolish as saying that GW never used one....at least this President can read it right and not fracture the words.
It is difficult to discuss an issue when you have absolutely no desire to do it objectively or with the ability to look at it from another point of view. I enjoy good conversations with those of opposite views and I've had some great ones, and while no minds may not be changed, they don't generate into total nonsense.
never suggested only freddie and fannie, overseen by democrats was the problem, the problem is the DC/WS complex. do you have aclue where the defficit money goes thrugh? WS my friend. sure they only take a small percent, tell me, since my calculator doesn't go that high, what is 5% of $1,300,000,000,000 ? Obama just got them an added $1,300,000,000,000 to take 5% from, follow the money and when it blew up, DC gave bailed them out.
60 minutes? yes Obama is on there quite a lot. I get your point.
how many hours of AF1 did GW use in 8 years? how many hours did Obama use in 3 years? and why on earth day could he not read his prompter in DC. Why Ohio?
Yes Obama can read, he does a lot of that, hasn't a clue to what he is reading but he reads what his puppet master write.
ye do write a lot of nonsense we agree there.
The House passed a bill in 2005, the Senate failed I recall Frank is a member of the House..
N. Gregory Mankiw, a former adviser to President George W. Bush: Fannie, Freddie "were only one element" of the financial crisis:
http://www.nytimes.com/2010/0...
independent mortgage companies made risky "high-priced loans" at more than twice the rate of the banks and thrifts; most CRA loans were responsibly made, and were not the higher-priced loans that have contributed to the current crisis.
Here is Fannie's mission statement per the liberal site wikipedia:
http://en.wikipedia.org/wiki/...
Independent mortgage companies made loans that were risky because they had a guaranteed backer in the form of these two corrupt organizations. It had nothing to do with high priced loans. It had to do with lax qualification standards of borrowers. Lax standards set by the government regulators.
All risky loans were made with the complete blessing of the government run oversight. And, what did Fannie and Freddie do? They continued to back and purchase risky loans, bundled them with fictitious values and dumped them on unsuspecting investors. Of course, the government is not going to take any blame for bureaucratic incompetence. They are going to attack the private sector as they always do.
Here is some light reading for you. This is the state of Freddie and Fannie:
http://www.wbur.org/npr/14599...
Here's a bit of comic relief from the tele-tubby himself:
DEMOCRATS protected these two disasters.
homeowners
http://www.mcclatchydc.com/25...
Federal housing data reveal that the charges aren't true, and that the private sector, not the government or government-backed companies, was behind the soaring subprime lending at the core of the crisis.
Subprime lending offered high-cost loans to the weakest borrowers during the housing boom that lasted from 2001 to 2007. Subprime lending was at its height from 2004 to 2006.
Federal Reserve Board data show that:
More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions.
Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.
Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that's being lambasted by conservative critics.
Between 2004 and 2006, when subprime lending was exploding, Fannie and Freddie went from holding a high of 48 percent of the subprime loans that were sold into the secondary market to holding about 24 percent, according to data from Inside Mortgage Finance, a specialty publication. One reason is that Fannie and Freddie were subject to tougher standards than many of the unregulated players in the private sector who weakened lending standards, most of whom have gone bankrupt or ...
http://www.mcclatchydc.com/25...
Federal housing data reveal that the charges aren't true, and that the private sector, not the government or government-backed companies, was behind the soaring subprime lending at the core of the crisis.
Subprime lending offered high-cost loans to the weakest borrowers during the housing boom that lasted from 2001 to 2007. Subprime lending was at its height from 2004 to 2006.
Federal Reserve Board data show that:
More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions.
Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.
Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that's being lambasted by conservative critics.
Between 2004 and 2006, when subprime lending was exploding, Fannie and Freddie went from holding a high of 48 percent of the subprime loans that were sold into the secondary market to holding about 24 percent, according to data from Inside Mortgage Finance, a specialty publication. One reason is that Fannie and Freddie were subject to tougher standards than many of the unregulated players in the private sector who weakened lending standards, most of whom have gone bankrupt or are now in deep trouble.
During those same explosive three years, private investment banks — not Fannie and Freddie — dominated the mortgage loans that were packaged and sold into the secondary mortgage market. In 2005 and 2006, the private sector securitized almost two thirds of all U.S. mortgages, supplanting Fannie and Freddie, according to a number of specialty publications that track this data.
Century Financial Fannie and Freddie, however, didn't pressure lenders to sell them more loans; they struggled to keep pace with their private sector competitors. In fact, their regulator, the Office of Federal Housing Enterprise Oversight, imposed new restrictions in 2006 that led to Fannie and Freddie losing even more market share in the booming subprime market.
What's more, only commercial banks and thrifts must follow CRA rules. The investment banks don't, nor did the now-bankrupt non-bank lenders such as New Corp. and Ameriquest that underwrote most of the subprime loans.
These private non-bank lenders enjoyed a regulatory gap, allowing them to be regulated by 50 different state banking supervisors instead of the federal government. And mortgage brokers, who also weren't subject to federal regulation or the CRA, originated most of the subprime loans.
In a speech last March, Janet Yellen, the president of the Federal Reserve Bank of San Francisco, debunked the notion that the push for affordable housing created today's problems.
"Most of the loans made by depository institutions examined under the CRA have not been higher-priced loans," she said. "The CRA has increased the volume of responsible lending to low- and moderate-income households."
It is old news and its all regurgitated....
Of course they went from "holding" vast amounts of bad loans to dumping them on others. That's how we ended up here. They knew those loans were troubled when they sold them, NOT the private banks.
All you need to do is READ THEIR website (http://fanniemae.com/portal/... You don't need any other source. THEY say they are the backer of private lenders. And, their LIBERAL overseers are the ones who aided in their hiding of THEIR unscrupulous activity to further the liberal cause of houses for everybody (even if they can't afford it).
Keep it up. It's very entertaining to see just how far away from reality the Right Wing can run.
SEC was the oversight agency, but were to involved in watching porn, government solution, create a new oversight agency to oversee the oversight agency. government in actionl
He did not save anything. He issued a credit line that was replaced with another credit line. In the end, it is sink or swim for these companies. I predict they will sink again.
The stimulus was nothing but union influenced payback shouldered by the American taxpayer.
Wait until the holiday lay-offs get reported next month and gas prices continue rising. It's wonderful to spout percentages when the base number is nothing. Like car sales are up 100% year over year. We sold one last year and two this year!!!
in 09 democrats controlled the house, the senate, and the WH. However I understand the blame anybody and everybody for the failures of Obama. it is his only chance.
Christ the Recession was over in 2009.. Catch up dude..
Obamas lack of leadership abilities results in no budget passed since he took office. just the facts my friend.
numbers don't lie, one lies with numbers.