That chart isn’t exactly an indictment of Obama, considering that a lot of the job loss occurred under George W. Bush, and, moreover, seems to indicate that the nature of recessions is changing for the worse as far as the job market goes, as we’ve seen the 4th, 3rd, second, and most-bad job recoveries in the 4th-most, 3rd-most, second-to-most, most-recent recessions, respectively (and, all of them starting under Republican Presidents, alas).
If you want to stuff your nose up Obama's tail be my guest. Pardon me if I don't.
What a stupid analysis.
The DEMS got into the Majority after the 2006 elections.
The ‘Mess’ O inherited was Give to him - By the Dems who put people like Barney Franks in charge of things.
The Great economical time that Dems take credit for under Slick Willy - were brought on BY Republicans who held the senate and house in Clinton’s second term.
If GW had had the miserable jobs creation record this wantabe has done so far - Everyone would be shouting for GW’s head - including you - obviously!
During the Bush years, despite the
* 2000 Recession,
* the attacks on 9-11,
* the stock market scandals, (World.com, Enron, etc.)
* Hurricane Katrina, other hurricanes like Rita
* California fires,
* and wars in Iraq and Afghanistan,
the Bush Administration was able to reduce the budget deficit from 412 billion dollars in 2004 to 162 billion dollars in 2007, ** a sixty percent drop.
In 2004 the federal budget deficit was 412 billion dollars. In 2005 it dropped to 318 billion dollars. In 2006 the deficit dipped to 248 billion dollars. And, in 2007 it fell below 200 billion to 162 billion dollars.
**During the Bush years the average unemployment rate was 5.2 percent, the economy saw the strongest productivity growth in four decades and there was robust GDP growth. The consumer confidence was at its highest.
Not only were more jobs lost after the 9-11 attacks in 2001 than in the 2008 market crash, but more jobs were Created by President Bush’s pro-business policies and tax cuts than by the Obama-Pelosi “spend your way to hell” failure.
The Foundry reported, via HotAir:
For objective observers the failure of President Obama’s $862 billion stimulus has become increasingly difficult to deny.
I am 58 and have never seen a recession like this.