7Likes
LinkBack URL
About LinkBacks
Reply With QuoteStarting a company like Microsoft/facebook pays well and so does hooking if you work in the right circles. Having a close family member in a successful company can pay dividends, to name a few.Originally Posted by dalem
Mr Obama has been in office 173 weeks.
He is heavily criticized for not having reduced unemployment faster.
How does his record stand up to those of his predecessors?
Edit: hard to read --
Cumulative Change in New Weekly Unemployment Claims
First 173 weeks of a new Presidential Administration
Last edited by DOR; 30 May 12, at 04:29.
Starting a company like Microsoft/facebook pays well and so does hooking if you work in the right circles. Having a close family member in a successful company can pay dividends, to name a few.
Out of curiosity how many of those new jobs turned out to be permanent? I see no link to check on.Mr Obama has been in office 173 weeks.
He is heavily criticized for not having reduced unemployment faster.
How does his record stand up to those of his predecessors?
Edit: hard to read --
Cumulative Change in New Weekly Unemployment Claims
First 173 weeks of a new Presidential Administration
Obama stuck his head out when he wanted to spend mass sums of money to keep the unemployment under a certain level. Unemployment rose beyond his predictions and his detractors used that to club him incessantly.
Nice stat.
According to the U.S. Bureau of Labor, the best unemployment rate as a percentage under Obama is worse than the worst unemployment rate under Dubya.
for some reason, I can't link it.
go here and find it yourself: http://data.bls.gov
Last edited by YellowFever; 30 May 12, at 05:30.
frankly, neither that or the opening chart makes much sense.Nice stat.
According to the U.S. Bureau of Labor, the best unemployment rate as a percentage under Obama is worse than the worst unemployment rate under Dubya.
the great recession started under bush and reached a peak before any of obama's policies came into effect.
comparing the rebound after the worst crash since the great depression to the smaller recessions we've had earlier also does not make a lot of sense. the crash was greater, thus the expected rebound is most likely also going to be greater.
The human mind cannot grasp the causes of phenomena in the aggregate. But the need to find these causes is inherent in man’s soul. And the human intellect, without investigating the multiplicity and complexity of the conditions of phenomena, any one of which taken separately may seem to be the cause, snatches at the first, the most intelligible approximation to a cause, and says: “This is the cause!"
-Leo Tolstoy
War and Peace
Bingo!
Just wanted to posts one more stat on this thread full of stats to show that posting such stats without context is not a good way to prove your case.
So what?Mr Obama has been in office 173 weeks.
He is heavily criticized for not having reduced unemployment faster.
How does his record stand up to those of his predecessors?
Edit: hard to read --
Cumulative Change in New Weekly Unemployment Claims
First 173 weeks of a new Presidential Administration
To be Truly ignorant, Man requires an Education - Plato
No, but the oppurtunities are small compared to the labor pool. I am saying a college degree has a 5 fold pay off over a lifetime of earnings making it hardly over valued. You think paying 200k to make 1 million more on average is a raw deal I respect your right to be wrong.
Where free unions and collective bargaining are forbidden, freedom is lost.”
~Ronald Reagan
But you brought up unions.
Regardless, I didn't say a college degree has no value, I said it is overvalued.
-dale
How so? by how much?
Good question. I suppose I'd need to do various distributions of averages: tuition costs vs salaries vs debt loads vs no degree.
-dale
there's several other analysis on the Nutting article out there, some are rather biased of course but most are relatively sane, they point out that different methodology can easily change the outcome of such analysis and Bush / Obama can swing from one end of the ladder to the other rather quickly when the methodology is different.
One of the biggest sticking point is probably TARP, as that big one time spending if counted on Bush's final budget (which Nutting did) would obviously bumpb up Obama's baseline dramatically, and also since TARP was mostly repaid during Obama's first term and that counts as negative spending it reducing his growth, so it's a win-win for him, and if that's taken out then he and Bush's position reverse quite dramatically.
Of course, the problem is that what is really avoidable an what is not? no two person probably have the same answer, what's worse is that the even more complicated implication of "If XXXX spending had not existed... would those money not have been spent on something else?" can we for example.. in all honestly say that if the 08 blowup hadn't happen, that Bush's last year budget will be 400 billion (TARP) lower?? that's some serious revisionist road we're heading down, and once there you can really just make anything jib however you like.
We should probably agree that..
1.Obama should not be blamed for the debt he inherits, thus the debt interest those debt produced.
2.Due to the terrible financial crisis some aspect of mandatory spending will shoot through the roof and there's nothing any President can do about that (unemployment claims, more folks retiring etc)
3.A huge part of the debt increase under Obama is due to falling revenue, you COULD stretch it and say that he has a lot to do with the economy not recovering faster, though consider that unemployement is already a lagging factor to recovery AND taxation lags even further (since you obviously need to be re-employed for a year or so for that tax to come back.).
Last edited by RollingWave; 31 May 12, at 07:23.
Obama = Stimulus = 800 billion of Obamakakke in our faces.
-dale
But he saved GM.
No such thing as a good tax - Churchill
To make mistakes is human. To blame someone else for your mistake, is strategic.
I doubt anyone has any data on that, since it would require closely tracking millions of people.
JAD_333,
So what?
What.
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
Share this thread with friends: