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

To: pcstel who wrote (146682)	11/2/2014 10:14:49 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 149317

"how many jobs were lost from Jan. 2007 when the Democrats took over" You mean how many jobs did Shrub fritter away in '08? Plenty. "Which might be part of the equation on why you credit Bush with only 1.11M jobs over his two terms.. " That equation would be #jobs first term and #jobs second term. The reason Bush only created 1.1M jobs is that he only created 1.1M jobs. How does the Myth stack up against Obama? Tied, cuz Obama is a Raygun Republican, which is why I voted for Bernie Sanders. Just how does this "horrible" Barack Obama compare to the god-like Ronald Reagan? The following comes from the Bureau of Economic Analysis (BEA), Federal Reserve Economic Data (FRED), Bureau of Labor Statistics (BLS), the Census Bureau, the Treasury Dept, and US Inflation Calculator. The comparison is for the first four budget years (Oct-Sept) of each President. The average Dow gain per year: Reagan, 11.81%; Obama, 11.72% The average Unemployment Rate: Reagan, 8.58%; Obama, 8.69% The average jobs (thousands) created per year: Reagan, 1638; Obama, 1645 Poverty Rate (3 years only): Reagan, from 14% - 14.4%; Obama, from 14.3% - 15% By these measures, both Presidents are remarkably similar. But then there is GDP, debt, and spending. Combining GDP relative to debt is the most common measure for these two. Average yearly debt to GDP increase: Reagan: 7.83%; Obama, 4.84% Average Federal government spending increase using Total Expenditure data from BEA: Reagan: 8.89%; Obama 1.02% Subtracting inflation: Reagan: 4.21%; Obama, -1.08% Yes, the guy noted for “small government”, had a 61.7% greater rate of increase in the debt/GDP (that is the debt increased far more relative to GDP output), and outspent the communist (rate of increase) by nearly 9 times. dailykos.com

To: pcstel who wrote (146682)	11/2/2014 10:25:52 AM
From: Wharf Rat	Read Replies (2) \| Respond to of 149317

Obama Outperforms Reagan On Jobs, Growth And Investing 9/05/2014 The Bureau of Labor Statistics (BLS) today issued America’s latest jobs report covering August. And it’s a disappointment. The economy created an additional 142,000 jobs last month. After six consecutive months over 200,000, most pundits expected the string to continue, including ADP which just yesterday said 204,000 jobs were created in August. One month variation does not change a trend Even though the plus-200,000 monthly string was broken (unless revised upward at a future date,) unemployment did continue to decline and is now reported at only 6.1%. Jobless claims were just over 300,000; lowest since 2007. Despite the lower than expected August jobs number, America will create about 2.5 million new jobs in 2014. And that is great news. Back in May, 2013 (15 months ago) the Dow was out of its recession doldrums and hitting new highs. I asked readers if Obama could, economically, be the best modern President? Through discussion of that question, the number one issue raised by readers was whether the stock market was a good economic barometer for judging “best.” Many complained that the measure they were watching was jobs – and that too many people were still looking for work. To put this week’s jobs report in economic perspective I reached out to Bob Deitrick, CEO of Polaris Financial Partners and author of Bulls, Bears and the Ballot Box (which I profiled in October, 2012 just before the election) for some explanation. Since then Polaris’ investor investor newsletters have consistently been the best predictor of economic performance. Better than all the major investment houses. This is the best private sector jobs creation performance in American history forbes.com