DEBATE ON THE POLITICAL IMPACT OF OBAMANOMICS, OBAMA’S REAL GDP AND UNEMPLOYMENT RATES, AND THE GREAT DEPRESSION

 

Watch Fox Host Get Ridiculed For His Attempt To Give Trump Credit For The Obama Economy · Media Matters 

 

 

DISQUS-MEDIA MATTERS DEBATE  

QUESTION FOR TRUMP-HATING OBAMUNISTS

 

WHAT HAS BEEN THE POLITICAL IMPACT

of Obamanomics (giving us the worst economic recovery since the Great Depression) with an annual GDP rate (adjusted for inflation) of  just under 1.50% (the lowest of the last 13 presidents) and an actual, real unemployment rate of about 10%?

ANSWER:

Loss of the House, Senate, Presidency, the next Supreme Court pick, 14 governorships and 1000 seats in state legislatures. We also saw the rise of an angry, hurting, disappearing middle class in two anti-establishment populist mass movements: Bernie Sanders on the Left (13 millions voters); and Donald Trump on the Right (63 million voters). Truly, Obama's economic legacy is one of ashes, disaster and dust.

 
 
 

Joe Eshleman  ApolloSpeaks 

You cannot make apples to oranges comparisons. The UE rate is figured the same way for every president. Right wingers use U3 unemployment when a Repub is president and U5 or U6 numbers when a Dem is president, and if you like growth then Jimmy Carter was your best president. AND inflation has been incredibly low in the last eight or so years which may explain the low growth rate. 

 

http://www.multpl.com/us-gd...

 

 

 

 

ApolloSpeaks   Joe Eshleman

 

Before 1994 the Bureau of Labor Statistics had no U-6 category. So called "discouraged workers" or "the long-term unemployed" were included in the official U-3 rate. That means that a 5% unemployment rate for, let us say, a Jimmy Carter was not the same as a 5% rate for Obama. In fact, the Carter rate of 5% is truer to economic reality than the Obama 5% rate. The change that was adopted under President Clinton in 1994 (wouldn't you know it) was designed for political reasons to make the UE rate look better than it is. It's called smoke and mirrors statistical trickery.

 

http://portalseven.com/employment/unemployment_rate_u6.jsp

 

Moreover, Bernie Sanders, completely rejecting the changes made in 1994, has always, consistently (and throughout his career and recent campaign) cited the U-6 rate as the true, reality based UE rate vs. the bull sh*t U-3.

 

 
 
Furthermore, the Obama GDP rates that you linked aren't adjusted for inflation, and are not the official rates. When adjusted for inflation Obama's annual rate is a pathetic, weak 1.48% the lowest (as I said above) of the last 13 presidents.
 
 
 
 
9 out of last 10 recessions came under Repub Presidents since Ike's first in the 1950s, Apollo ; and Carter's was the smallest as the only dem recession. As highest income tax bracket went down from 90 percent in the 1950s to lowest in the high 20 percent in the Reagan years the national deficits, debts and debt ceiling increased and  exponentially. Simple proof the GOP main goals messed up the economy and US Treasury maybe permanently.
 
 
 

The worst and longest economic crisis in US history, the Great Depression, was started by a liberal, progressive, Teddy Roosevelt Republican named Herbert Hoover. And doubling down on Hoover's failed policies was Teddy Roosevelt's cousin Franklin who prolonged the crisis until the great war.

http://www.econlib.org/library/Enc/HooversEconomicPolicies.html

 


http://www.apollospeaks.com/?p=14156

 

 

 

Andrew Mellon

 

Gee such a consistent track record, only Ike left a good economy and world it seems, and he was more dem than con/repub.

 

 
Ike had three recessions during his presidency (and Truman one). And to prevent a fifth post-war recession JFK very wisely reached back 40 years to Warren Harding's Treasury Sec, the brilliant Andrew Mellon (father of supply-side economics and architect of the Roaring Twenties) and did this:

 

 
  Today this is MAGANOMICS.
 

 

 

The great depression was actually started by the rabid conservative policies of Harding, like deregulation for example, kept by Coolidge and finished by Hoover. FDR over turned almost all of them and the rebuild and recovery was actually well on its way before World War II (The Great War is WWI, so you know). Weird how you skip all those conservatives between Teddy and Hoover. Weird! Also, Teddy was a progressive, but, he was a conservative progressive, back when conservative actually meant conserve.

 

   

Harding inherited a post-war depression from Wilson. He fixed it and unleashed the Roaring Twenties by slashing taxes, spending and regulations. If progressives Hoover and FDR had run in 1920 as the Dems Pres and VP candidates (as Wilson wanted) and won, they would have turned the depression into a prolonged 1920s disaster just like they did in the 1930s. They were really that economically illiterate and dumb. BTW, WWII like WWI was a great power war, and therefore a "great war."

FOR YOUR EDUCATION

 
 

It's fun rewriting history to suit your contemporary biases, isn't it?

 
 

Hoover's great humanitarian miracle of feeding the hungry of Europe after the war made him the most famous and popular progressive of the time; and best suited to beat the Republicans as Wilson's successor. That's real history. Not revisionism. He wisely joined the Republicans because Wilson was unpopular, the economy was in distress and Americans wanted change.

 

And when voters elected Donald Trump they wanted change from this:

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14 thoughts on “DEBATE ON THE POLITICAL IMPACT OF OBAMANOMICS, OBAMA’S REAL GDP AND UNEMPLOYMENT RATES, AND THE GREAT DEPRESSION

    1. Thank God for giving us Trump!! It shows that we haven’t fallen completely out of His grace, from so many turning our backs on Him.

  1. In all fairness, the economy first went into a tailspin in 2006 after Nancy Pelosi took over the House and began the Democrats ring of economic terror on America, Obama just finished the job.

  2. Ya know it is a good thing obammy is such a lazy golfing fool.
    Think of all the other stuff he’d have botched had he been a workaholic?

  3. What the Democrats in their arrogance couldn’t understand that people with alternate work arrangements will never really feel secure. Add in the skyrocketing price of health benefits, student loans, etc. And you have recipe for discontent.

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