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Politics : Politics for Pros- moderated

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To: Sr K who wrote (507098)	9/9/2012 1:01:57 AM
From: i-node	10 Recommendations Read Replies (1) of 793939

>> For this board: What was UCT-6 when George W. Bush took office, and when he left office? I think you're referring to U6, the TRUE unemployment rate. In January, 2009, it was in fact 14.2% versus 14.7% now. But when Bush left office, U6 had been under 10% for almost his entire two terms, and in fact had gone above 10% for most of '03 before dropping back under 10% after the '03 tax cuts. Save for one month in 04, U6 was well under 10% until June of 2008, when it became apparent that Obama would win the election, at which time businesses understood what was about to happen to us. Since June of 2008, U6 has never approached 10% again and throughout most of Obama's term has stayed in the 15-17% range. It is worth mentioning that the highest levels of U6 occurred in late '09, after the failed trillion dollar stimulus was know to have failed badly. We could well be headed back to those levels or beyond. Why do you try to defend this incompetent administration's policy? You must be the only person in America who thinks the economy is anything other than horrible.

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