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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (115765)

6/24/2012 6:07:08 PM

From: puborectalis

Read Replies (2) | Respond to of 149317

The Difference Between Obama's First Term And Bush's First Term In One Devastating Chart

Joe Weisenthal | Jun. 24, 2012, 12:18 PM |

Great chart here from Invictus at The Big Picture (via Ben Domenech) showing the job situation under Bush's first term and Obama's first term.

The blue line is state government employment. The green line is local government employment. And the red line is private employment.

FRED

As you can see, under Obama, private employment snapped back much better than it did during Bush's first year.

State and local government employment, however, fell much harder under Obama than it did under Bush.

This is of course exactly the opposite of the big government socialist stereotype that the Obama economy is portrayed as, but oh well.

And it actually fits quite nicely with what we have said... that the private sector is doing "fine" under Obama.

On Twitter, a critic of this chart said that the comparison wasn't meaningful, since the surge in state and local jobs under Bush was a function of Homeland Security spending after 9/11.

That may be true, but if anything it just proves the point made by Krugman, that to jumpstart job creation in this country, perhaps we need to have a false fear of an alien invasion.

And here just for the heck of it is the same chart but with the performance of the S&P 500 (in orange) during each period.

businessinsider.com

And since some people were complaining about the burgeoning national debt under Obama, here's chart with that in it. The black line is in the national debt in both. As you can see, the national debt has grown a little bit faster under Obama, but hardly any faster than under Bush, and the trajectory is almost identical.

Read more: businessinsider.com

To: ChinuSFO who wrote (115765)	6/24/2012 9:45:45 PM
From: LLCF	Read Replies (1) \| Respond to of 149317

The economy will continue to "suck" and it's been going on for like 15 years... it's just that it got "hidden" by the borrowing binge for quite a while: "Giant Sucking Sound": youtube.com DAK

To: ChinuSFO who wrote (115765)	6/25/2012 12:22:28 AM
From: Sr K	Read Replies (2) \| Respond to of 149317

If you think Republicans are not unified now, imagine what happens when Romney picks a VP. That step alone has ruined many campaigns. It's very rare to gain in the polls, as McCain-Palin did, which overlapped the Republican Convention. But it lasted into October. bloomberg.com

To: ChinuSFO who wrote (115765)	6/25/2012 7:36:21 AM
From: RetiredNow	Read Replies (2) \| Respond to of 149317

Because Romney and the GOP are buffoons and the people don't trust them to lead any better than Obama. So Obama's failure to revive the economy and tackle the root causes of the financial crisis are not resulting in better numbers for the GOP. I'm not surprised. Everyone, including me hated the GOP, which is why Obama won. He said all the right things and was in the right place at the right time. However, I think you and others on this thread are too binary in your thinking. You equate a criticism of the Dems to be praise of the GOP. But reality is far different. Most Americans aren't pleased with either party. I'm darned sick of both parties. I have some GOP friends and I ask them what they think and they can't stand Romney and they don't like the GOP either. That's amazing. So what does it all mean? I don't know, but for me, it means I'm voting for Ron Paul as a write-in candidate, which you all should be happy about, because it essentially takes away a vote from Romney. I think most Centrists and Independents like me are feeling much the same way. In addition, I would bet that Romney apathy among the GOP will become Obama's best friend come election time.