Posted on 06/03/2019 2:08:57 PM PDT by Diana in Wisconsin
Totally agree. It’s directionally helpful and maybe I’m just being too critical but it seems like it would have been so easy to make their “one glance” graphic convincing with just a bit of legwork.
Obama followed in the tradition of FDR. He inherited a recession. And extended it.
The Depression you never heard of,
as handled by the president history
loves to dump on.
The economic situation in 1920 was grim. By that year unemployment had jumped from 4 percent to nearly 12 percent, and GNP declined 17 percent. No wonder, then, that Secretary of Commerce Herbert Hoover — falsely characterized as a supporter of laissez-faire economics — urged President Harding to consider an array of interventions to turn the economy around. Hoover was ignored.
Instead of “fiscal stimulus,” Harding cut the government’s budget nearly in half between 1920 and 1922. The rest of Harding’s approach was equally laissez-faire. Tax rates were slashed for all income groups. The national debt was reduced by one-third.
https://mises.org/library/forgotten-depression-1920
In 1922, unemployment was back down to 6.7 percent and it was only 2.4 percent by 1923.
Nice post... thanks.
After searching, I found this at WND: Obama's latest fraud: 'Economic recovery' disproven in just 9 charts Read more at https://www.wnd.com/2016/03/obamas-economic-recovery-in-just-9-charts/, 03/21/2016:
"This article is an update of a report published by Rachel Stoltzfoos, “Obama’s Economy in 9 Charts,” in the Daily Caller on Oct. 30, 2015. In September 2015, ZeroHedge.com introduced the concept of selecting nine charts to describe the Obama economy from the dozens of charts produced and updated by the Federal Reserve Bank of St. Louis."
A few rebuttals:
Why you can’t sum up Obama in 9 charts, Aug 4, 2016.
Obama Years Explained in Nine Charts-Truth! & Fiction!. August 31, 2016
Trump, Obama, and the Misleading Charts, Oct 5, 2016.
The source of these charts is the Federal Reserve Bank of St. Louis Economic Research division.
Obama has a real skill for political black magic. No one President let problems get worse, found ways to make things worse in ways no one had considered before, and get away with it quite like he did.
And the narrative of the article doesn’t agree with the headline - “continuing a six year trend...of ongoing economic recovery and falling unemployment”, “steady upward trend since 2013”, “change over last year not considered statistically significant . I guess they thought no one would read the article.
The hockey stick graphs are impressive. Too bad we can’t read the axes of the charts to be able to see what’s being measured and in what time periods.
I notice this was an on-line survey as well.
I’d like to believe this story is true, but I am skeptical that the charts were created to fit the narrative.
“Obama has a real skill for political black magic. No one President let problems get worse, found ways to make things worse in ways no one had considered before, and get away with it quite like he did.”
Well said!
He had one all-powerful race card, that’s for sure! And a bunch of Quisling RINOs scared of their own shadows. And a complicit Enemy Media. A Perfect Storm, by any measure.
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