Pence: 'Very disappointing' to see Obama 'become so political'

Dec 2015
12,039
10,977
Arizona
#94
The recession ended on its own in June 2009.

Obama did nothing but tamp down the recovery from that point on.

Yeah. That seems to be the talking point from the Right but it's an absolutely ridiculous statement. It's like saying "the hurricane ended at 6:02 pm". Then what? Common sense tells us that "the end" is really just the beginning because that's when the real work commences.
Economists' joke: A recession is when your neighbor loses his job; a depression is when you lose your job.
The point of the joke is that neither "recession" nor "depression" is well defined and so the line between them is indistinct to the point of vanishing. Maybe the economists can tell us the exact date/time of when the recession began?
The media regard the recessions as ending when GDP stops falling; the economists when it starts rising. Both definitions are misleading, as the statistics show. Very blurry lines.
If unemployment is still growing, foreclosures are increasing, defaults and bankruptcies are increasing, and, in short, the economy is performing in a completely unsatisfactory manner---the recession is NOT over and as far as I'm concerned the recovery period IS PART and PARCEL of the recession.
Even when the economy begins to grow there can be rebounds and there are long lasting consequences. Any president who guides this country into an uptick and eventually brings this country back via almost full employment, increased consumer spending and confidence, home sales (not foreclosures), decreasing bankruptcies and a rising stock market and manufacturing deserves a pat on the back--not a kick in the pants.

If you want to see what a president is made of, plunk him into an economy that's tanking at a nightmarish rate, with unemployment at almost 8 percent heading up to 10 percent. Contrast that with the economy President-elect Donald Trump inherited.
 
Last edited:
Likes: Lyzza
Jun 2013
5,327
1,669
Katmandu
#96
When Obama took office the GDP growth rate was at -6 %.
The month he took office, 950000 net jobs were lost.

You change the number by changing the reporting period, which you did.
I didn't change anything, the GDP growth rate in 2008 was -0.3% and it was 1.5% in 2016.

Obama took office Jan 20, 2009. His first full month in office February 2009 the economy shed 512k jobs, which is bad enough so why lie about it.

Data extracted on: September 13, 2018 (10:06:38 AM)


Labor Force Statistics from the Current Population Survey

Series Id: LNS12000000
Seasonally Adjusted
Series title: (Seas) Employment Level
Labor force status: Employed
Type of data: Number in thousands
Age: 16 years and over


Download:

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec


2009 142152(1)141640140707140656140248140009139901139492138818138432138659138013
 
Jul 2014
11,731
7,030
massachusetts
#97
I didn't change anything, the GDP growth rate in 2008 was -0.3% and it was 1.5% in 2016.

Obama took office Jan 20, 2009. His first full month in office February 2009 the economy shed 512k jobs, which is bad enough so why lie about it.

Data extracted on: September 13, 2018 (10:06:38 AM)


Labor Force Statistics from the Current Population Survey

Series Id: LNS12000000
Seasonally Adjusted
Series title: (Seas) Employment Level
Labor force status: Employed
Type of data: Number in thousands
Age: 16 years and over


Download:

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec


2009 142152(1)141640140707140656140248140009139901139492138818138432138659138013
You are lying
 
Dec 2013
28,491
17,632
Everything is going to be OK
#98
Ironic that Pence said NOTHING about Bush out there fund raising and stumping for Republican candidates ????

Was he?

Serms to me that the bushes tossed their hat in w/ the clintons after low energy shit the bed. I know. Who could have seen that coming?
 

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