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Who do you blame for the high unemployment Obama or Bush?

Christian 2012/09/21 19:36:15
Who do you blame for the high unemployment Obama or Bush
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  • RandyScott 2012/09/21 19:45:29
    RandyScott
    +4
    Both. As well as the entire Republican and Democratic parties. None of them care about doing the right thing, all they care about is who is in power, and how to keep it once they get it.

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  • Bill 2012/10/05 19:14:45
    Bill
    +1
    Obama. Average unemployment rate for Obama over 3.75 years is just over 9%. Under Bush, it was 5.5%.
    Bush may have created fewer jobs than Obama but with an unemployment rate of 5.5% the market didn't have a sense of urgency. Today, that's all we have.
  • The.Z.Viru5 2012/09/22 04:13:22
    The.Z.Viru5
    +1
    I hate them both, but unemployment was still lower when Bush was in office.
  • Me 2012/09/22 03:21:57
  • Bill Me 2012/10/05 19:16:38 (edited)
    Bill
    Bush's average was 5.5%. Obama's is 9% over about 4 years.
    Read this from the BLS:
    http://data.bls.gov/pdq/Surve...

    Bush: 01/01 4.2%, 01/02: 5.7%, 01/03 5.8%, 01/04 5.7% 01/05 5.8% 01/05 5.3%
    01/06 4.7% 01/07 4.6% 01/08 5.0%

    Mixed in the data there are quite a few months with rates in the low 4%'s and 5%'s

    Obama has been in charge for almost 4 years. When does he take responsibility? Reagan recovered from Carter's economy within two years.
  • rustyshackelford 2012/09/22 03:05:19
  • Flamingolady 2012/09/22 02:38:23
    Flamingolady
    +1
    BO. Of course he will blame GWB, but it won't fly. In 2007 when the Democrats took over S & H was when it all went to he**.
  • jackolantyrn356 2012/09/22 00:01:17
  • Christian jackola... 2012/09/22 00:15:18
  • Vision of Verve 2012/09/21 22:09:35
  • ed 2012/09/21 21:54:57
    ed
    +1
    obama is the one to blame for everything since he took over.
  • Rebel Yell 2012/09/21 21:28:42
    Rebel Yell
    +1
    Neither.

    In capitalist economies, goods are produced for the sake of profit. Those who own and control the means of production will not hire workers and direct them to produce goods if they do not expect to sell those goods for a profit. As the productive capacity of the economy grows, however, demand does not always keep pace. Insufficient demand means goods go unsold. Capitalist employers cut back production and lay off workers. They stop spending on new buildings, machinery, materials, and so on. Workers who have lost their jobs, or are afraid of losing their jobs, cut back their spending as well. The economy can get caught in a vicious cycle: low spending causes low production, which causes low incomes, which causes low spending. This vicious cycle explains why official unemployment has hovered near 10 -12 % percent since 2008.

    A huge problem is job mismatch. There are around 3 million job openings, but workers don't have the education or training to fill those positions. So, corporations go overseas to hire. Yet, many people don't want to invest in education in this country. They see it as a waste of money. A country is only as strong as the education it affords its citizens. We are failing dismally.
  • Bill Rebel Yell 2012/10/06 12:33:27 (edited)
    Bill
    +1
    Plenty of investment has been made in education.
    Let's take a look at what we are paying for:

    http://nces.ed.gov/nationsrep...

    8h Grade reading, 2011
    Detroit - Below Basic:57 At Basic:36 At Proficient:7 Advanced:# (# Rounds to zero)

    Milwaukee - Only 10% at proficient level (and teachers want more money?)
    Cleveland - Only 11% at proficient level ("Keep Obama in president")

    Thus, 93% of 8th graders are at of below basic reading skills. With all of the money that has been spent we have a combination of lousy teachers and students. Social promotion is what is going on so as not to offend.
  • Just me ∞ijm♥G☮F♀U∞ 2012/09/21 21:23:25
    Just me ∞ijm♥G☮F♀U∞
    +1
    BO. Blaming Bush was only good for BOs first year.
  • Katfish 2012/09/21 21:21:36
    Katfish
    +1
    Yes, and Clinton also- primarily for NAFTA but also pushing for no money down home loans.
  • foy49 2012/09/21 21:15:33
    foy49
    +1
    Bush for the state of the economy and the Republican controlled house for blocking every jobs bill (not tax cut bills) that there political opponents have put up.
  • Gracie - Proud Conservative 2012/09/21 20:36:24
    Gracie - Proud Conservative
    +2
    I blame Fannie Mae and Freddie Mac and all the people associated with them since their beginning, especially Jim Johnson. I don't really know how you make the case that Bush is responsible for any of it. What did Bush do that diminished employment other than letting Democrats screw up the housing and financial systems.
  • Jessie M 2012/09/21 20:17:23
  • clasact 2012/09/21 20:16:04
    clasact
    +3
    You got to blame the one who started the mess Bush
  • mimi 2012/09/21 20:08:22
    mimi
    +1
    Obama is to blame. He's shutting down coal industry, won't allow drilling in Gulf or Keystone Pipeline. Democrats completely controlled Congress and the only bill they passed was Socialist Obamacare. And Bush's hands were tied the last two years of his presidency. He wasn't perfect, but SURE better than this jerk in office now.
  • santa6642 2012/09/21 19:56:33
    santa6642
    +1
    the obamanation is the only one to blame.
  • lurx: the soda jerk 2012/09/21 19:53:39 (edited)
    lurx: the soda jerk
    +3


    ...Bush.
  • Gravitas 2012/09/21 19:50:40
    Gravitas
    +2
    Bush was in office when the decades long, orchestrated collapse, hit.
    It was like falling off the bike when you were a kid and skinning up your elbows and knees.
    It hurt like hell at the time but got better as the days went on ........ unless ........ some pecker-head keeps purposely picking and ripping off the scabs on a daily basis.
  • RandyScott 2012/09/21 19:45:29
    RandyScott
    +4
    Both. As well as the entire Republican and Democratic parties. None of them care about doing the right thing, all they care about is who is in power, and how to keep it once they get it.
  • les_gvt 2012/09/21 19:39:54
    les_gvt
    +3
    BOTH- Bush for not being more articulate and pushing harder about the upcoming financial disaster due to the Clinton pushed high risk mortgage fall out, and Obama for doing everything he can to keep unemployment high
  • Christian les_gvt 2012/09/21 19:40:46
    Christian
    Me 2.
  • mimi les_gvt 2012/09/21 20:10:34
    mimi
    +1
    How could Bush push when there was Dem controlled Congress at that time?
  • les_gvt mimi 2012/09/21 20:19:17
    les_gvt
    +2
    How did Reagan push with a Dem controlled Congress?- He went straight to the people

    Actually- when both W and Mc Amnesty started bringing this up the repugs controlled BOTH chambers- the hold outs were Frank and Dodd and refusing to let them out of committee- W should have leaned on them, and used his bully pulpit to let everyone know what the problem was, and who was refusing to allow anything to be done about it.

    The difference though with Reagan was he did not have as many hardline leftist as W had to deal with- or at least they hid it better, and were willing to play the game some that the current group of Marxist refuse to
  • mimi les_gvt 2012/09/21 23:40:09
    mimi
    +1
    At least Bush admitted to making some mistakes on national TV. I didn't say he was perfect. And you are right.
  • Beccy 2012/09/21 19:39:32
    Beccy
    +1
    There was a shortage of jobs under little georg also but Obama was told that his stimulus was too small and stimulated the wrong things. He should have listened.
  • Gravitas Beccy 2012/09/21 19:58:29
    Gravitas
    +2
    Great, so twice the stimulus could have resulted in twice as many gambles and failures with borrowed taxpayer funds.
    No, Fannie & Freddie should have been cut off and allowed the market to bottom out 3-1/2 years ago.
    GM should have been forced to go through a normal bankruptcy and Barry souldn't have lied about shovel ready jobs that never existed.
    3/4 of the $832 Billion should have been spent on EXISTING infrastructure that he keeps using for an excuse to get more $$ to prop up union pensions and waste on green energy failures.

    EPIC failures, one right after another and enslaved even more of the populace onto Uncle Sam's Plantation.
  • Beccy Gravitas 2012/09/22 00:24:17
    Beccy
    +1
    I am not going to say that Berry isn't a failure. but what we are seeing now started with Ronald Regan and every one added to it. Clinton with his fair trade. We have lost the jobs that people could support families on.
  • Gravitas Beccy 2012/09/22 01:25:01
    Gravitas
    +2
    Way before Reagan.
    Johnson converted Fannie Mae into a publicly traded entity to get them off the govt. ledger, then created Freddie Mac to prevent a too big to fail monopoly.

    That all worked out REAL well.

    They went from holding 24% of all mortgages to over 75%. It was all in the plan since the 60's. Redistricting without re-drawing the lines.
  • Red 2012/09/21 19:39:31
  • flaca BN-0 2012/09/21 19:37:43
    flaca BN-0
    +1
    Neither. Economies are not governed by presidents.
  • Rustie 2012/09/21 19:37:19
    Rustie
    +2
    Always lay the blame on the person in charge.
  • Christian Rustie 2012/09/21 19:40:26
    Christian
    +1
    Very true.

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