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global1 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-28-10 10:20 PM
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Unemployment And G.W.Bush.......
I don't know if this was posted here yet - but even if it was it's worth seeing again. When Bush took office after Clinton the unemployment rate was 4%. When Bush left office the unemployment rate was at 8.1% He doubled it. So when Obama took office the unemployment rate was an already high 8.1% and now the latest figure I heard is 9.6% or a raise of 1.5%.

Not that I think that 9.6% isn't bad - but given the economic disaster that Bush left to Obama - bordering on a 'depression' - I think that President Obama has performed admirably by keeping the unemployment figures from going much higher than the 1.5% rise we've experienced since he took office.

By the actions of his financial team - they saved a large number of jobs in the automobile industry and created a whole bunch more - the figure that I heard batted around was like 3 million jobs created.

That's pretty good in my book considering if we had the Repugs in office (McCain/Palin) that they probably wouldn't have saved the auto industry and wouldn't have had the desire to do the things that the Obama administration did to create jobs.

Has anyone ever predicted what the unemployment rate would be now if McCain/Palin would have won?
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