CHART: Economy Has Recovered All Private Sector Jobs Lost Since Obama Took Office

How do we explain this:

The Extreme Left killed the post 9-11 Conservative Economic Recovery !!

The Ultra Marxist Left thought they had it made BUT....

Bush had a tough enough time with 9/11 causing big liberal infested economic devastation and the fact that the Fed drastically lowered interest rates immediately after 9/11.

The low interest rates made the housing bubble bust because now we had people qualifying for higher loans when that was impossible before when rates were higher, thus causing rapid increases in prices. Housing prices are often based on what people can afford to pay. If people can't qualify for loans, the prices go down and only stabilize when people can get loans.

Unemployment actually went down under Bush after the tax cuts started until the ultra hungry Liberal worldwide muney mungers killed the derivative markets and killed the banks (probably not Bush's fault) Unemployment chart 2002 thru 2012

The "Bush" conservative tax cuts may in fact have helped lessen the impact of the 2008 ultra liberal financial "crisis".

The conservative tax cuts were actually two legislations (2001 and 2003)

The Bush tax cuts refers to changes to the United States tax code passed during the presidency of George W. Bush that generally lowered tax rates and revised the code specifying taxation in the United States. These were the:

Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA)
Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA)

While each act has its own legislative history and effect on the tax code, the JGTRRA amplified and accelerated aspects of the EGTRRA. Moreover, since 2003 the two acts have often been spoken of together, especially in terms of analyzing their effect on the U.S. economy and population and in discussing their political ramifications.
Bush Tax Cuts

This all led to the stock market all time high in October 2007 and unemployment at a very conservative low.

The massive Liberal financial crisis of 2008 (derivatives market) killed the conservative economic boom,
and of course, led to the election of Obama & Minions Inc.

Both ultra liberal bailouts were orchestrated by liberal infested Congresses,
the 110th (2007/2009) and the 111th (2009/2011).



What remains of the conservative movement has clearly shown that even with fanatical liberal agendas, some normal economic recovery is in fact possible while staying under the radar of the fanatical left wing dogmatic agendas and liberal efforts to keep unemployment high and assistance programs in the forefront of public opinion.

A new flux of conservatism is underway since the 2010 elections.

The continuation of this new flux of conservatism will allow a financial recovery by early 2014.

The Voting Public has "Had It up to HERE" with Obama !!

I am actually very disappointed in ATS with this thread. I thought better of you all.

I am not faulting the OP. He found some stats that fit with his view point. But all this juvenile bickering is sad.

Each side has there own graphs showing different things. (I tend to think the economy has gotten worse, driving down the street can show anyone that) But that is not the point.

What happened to civilized debate? Example: I disagree, here is why and here is my source.

There are a few good posts in this thread, but most of it is Left vs. Right nonsense. Shame on you.

reply to post by Blackmarketeer


So....his big selling point will be that we broke...even? People don't just forget about the months or years they spent in hardship. This 'recovery' is pretty pathetic.

The Good News:
Obama Launches Campaign in Empty Arena
According to the Toledo Blade, the venue for Obama's rally seats 20,000 but "there were a lot of empty seats." Comparatively, Obama drew a crowd of 35,000 at Ohio State when he campaigned for former Governor Ted Strickland in 2010
www.breitbart.com...

reply to post by HangTheTraitors

SO the FACTS presented here are a "load of bs" just because you (out of MILLIONS of others) closed your shop??

its not obama bashing on my part. Where does it get me to bash Obama.

why do you bash somebody that worked hard on their own to build a customer base that is now gone because there is no money to patronize the business.
do you somehow feel responsible to the collapse so you bash all business owners who have closed shop.



if you dont like the numbers, give an honest assessment to what they really are....
nobody needs to badmouth anybody as the way I see it we are all guilty of spending the money we were spending until it was gone

maybe a small few didnt take part

reply to post by TsukiLunar

I wonder how they track individuals looking for work, once their benefits expire. I am one of those individuals, and I know that no one has called me to see if I've found a job or not.

I think you're just hedging to make your savior look good.

See ya,
Milt

reply to post by Blackmarketeer


I recently read Hans J. Queisser's book, "The Conquest of the Microchip". The German author pointed out back in the 1980's that many of America's graduate and research schools were being filled with foreign students because America's leadership was neglecting to properly educate the majority of its population for the future. He accurately predicted in his "Whiter America?" chapter, that this would eventually lead to an economic decline.

That being said, how can anyone honestly blame Obama for a problem that has been in the making for over 20 to 30 years. Any popular job search website will turn up thousands of open jobs for highly skilled and educated workers.

There is no shortage of jobs. There is only a shortage of people qualified to do many of the jobs that are available.

What's worse is that when Obama tries to implement spending and programs to help colledge students and educate the American population, you have Republicans saying its wasteful spending and people with no jobs or education agreeing with the very people who are working against their own best interest. Very sad.

reply to post by Surfrat

YOU DA MAN!

That's the best damn news I've had in a little over 3 years!

See ya,
Milt

I'm willing to go along with these findings if they're factual and not biased.

But 40-50% of people I know are broke and looking for work. And I live in a pretty nice neighborhood. The whole neighborhood is waterfront property.

Can someone break down what the numbers mean and how they gained these figures?

The whole 8.1% unemployment propaganda is a pile of crap, this I know.

But if Obummer 'recovered' all the private sector jobs lost since his taking office, that would mean he's actually parroting a Libertarian/Republican policy...which would be odd.

I just want to know if it's real.

Originally posted by Chadwickus
reply to post by timetothink

 

As I already stated, it's in the thousands.

As for the books being cooked, well it's possible but I went looking for any news about job increases in February 2010 and lo and behold, we have this article...

US jobs surge in February

Make what you will of it.

Well, if you believe what the MSM says that the government says then, OK. Those are honest figures and this being a re-election year has no bearing on what his people put out for consumption. (You would have to live in some place like Australian to think that those figures are meaningful.)

Okay, so...

Obama gets elected when economy is bad -> private sector jobs drop -> then rise back to square one = to when Obama took office -> then we're supposed to praise Obama?

So the economy's cool, because private sector jobs have returned... to the level they were at the beginning of 2009... according to a chart based on statistics we have no immediate way to verify...

Question: Has anybody actually found the correlating info from the Department of Labor? Or are we just going from this chart of information as interpreted by this "expert" who works for CAPAF who are, by their own definition, progressives who believe that government should intervene in social issues and the economy?

reply to post by Blackmarketeer


What is the source of this? I think it's moronic to claim it was all because of Obama, but there is no doubt that some industries have not yet recovered - the legal industry, for instance. This is pretty much the worst time to become a lawyer or enter the industry ... ever.

Things are still not as they were.

reply to post by Surfrat


That "empty arena" had over 14,000 attendees, according to the Columbus FD.

Originally posted by Blackmarketeer
reply to post by Surfrat

 

That "empty arena" had over 14,000 attendees, according to the Columbus FD.

ya but wait....

Obama was filling football stadiums 4 years ago !!

Now he spikes footballs with no air in them

Maybe the busloads are empty too now ?

Hey ya'll, I sent the OP a BLS pdf file, it confirms the accuracy of the chart. Hard to believe yeah. Bush ended his two terms with no net gains in jobs created, Clinton ended his term with a huge net gain in jobs. The 2008/2009 collapse wiped out all the job growth from Bush's 8 years. OP I can't upload images so can you repost the charts? If posters cant wait to see it just go to bureau of labor statistics site and search cumulative payroll survey.

Peace.

reply to post by Blackmarketeer


How about you research how those numbers are compiled. Pay special attention to what happens when people who are out of work stop looking for work and drop off of government jobless benefits. On the off chance you want the easy answer, they are no longer counted in the unemployment roles / count process.

Factoring that in the unemployment rate is about 14%..... So no, the economy has not recovered and yes, Obama has done harm to the economy. However Congress is responsible for day to day operations of the country and we have not had a Congress represent the American people for sometime now.

Since Obama has taken office the Democrats have not had an actual budget in over 1000 days and yes, debt under Obama is a little over 5 trillion dollars.

There is an old engineering saying, "Torture numbers long enough, and they'll give you any answer you want."

Is America better off than it was 3.5 years ago?
No.

Obama must go "forward" out the door.

reply to post by Blackmarketeer

That "empty arena" had over 14,000 attendees, according to the Columbus FD.

Damn! That many? That sure sucks!

See ya,
Milt

Thanks oxy, here are the charts, and these are straight from the Bureau of Labor Statistics. Basically the chart in the OP focuses on the Obama admin., but these give a good overview of the last few administrations and their effect on job growth/loss.

* Clinton holds the record for greatest number of jobs created and led a massive expansion of the economy.

* Bush entered into office under the best possible economic conditions, with an economy that was a juggernaut. He pushed through all sorts of deregulations and tax deals that let the rich ship more jobs and entire industries overseas. It was all about wealth extraction.

* Obama entered into office with the economy in ruins - 4.2 million jobs lost, banks collapsed, 2 of 3 auto makers on the verge of bankruptcy, and the housing market tanked.

Again, these charts are from the BLS (thanks again Oxy) and confirm the credibility of the first chart. It confirms that Obama did indeed REVERSE the downward spiral our economy was in, but it shows that Bush finished with fewer than when he started.

reply to post by Blackmarketeer


So what I'm seeing in this chart, which we already knew is that Obama has yet to get the economy to January 2008 levels. Failure, failure, failure.