The Obama Recovery...

[Drunken Irishman]

[WolfoftheWild]

1. that's got a nice ring to it, huh?

[Name removed]

2. Deleted message

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[Name removed]

3. Deleted message

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[namahage]

4. Rec'd to 0.

Policies over personality, indeed.

[babylonsister]

5. Rec'd to 1-progress! nt

[rug]

6. Peachy.

[WolfoftheWild]

9. do you see what happened between November and December?

that's right, my friend.
a downward trend!

[rug]

11. My God, it's an avalanche!

:woohoo:

[WolfoftheWild]

17. it's prelude

[bigwillq]

7. That's good news.

K and R :thumbsup:

[MannyGoldstein]

8. worst recovery since WWII

GDP grew 8% per year in FDR's first term.

[WolfoftheWild]

10. if you had been alive when FDR was President, you would have thought he sucked, too.

[namahage]

15. Self delete

[MannyGoldstein]

16. No, but you'd have thought he was coddling Welfare Queens

So there.

[treestar]

47. Absolutely

[namahage]

53. Or he might've been trying to tell us why FDR was right

to cave take no stand on Costigan-Wagner in order not to piss off some racist Southern Dems that he might need later.

[ZombieHorde]

60. I would have thought he sucked. Locking up Americans and taking away their property for being the

wrong race is strongly against political leanings. I am deeply repulsed by institutional racism.

[toddwv]

14. Really?

Unemployment peaked at 10.8% under Reagan and didn't start to fall until well into his 3rd year. Of course, that's when they started raising taxes and spending LOTS of money and the economy mysteriously started picking up again.

[MannyGoldstein]

18. Yup. See here:

[ProSense]

19. At least use the current chart

That's a huge hole. It's definitely the worst recession since the Great Depression. Still, given the severity, it definitely isn't the worst recovery.

[MannyGoldstein]

20. Absolutely the worst recovery

Look at the graphs! We've been stagnant for many months.

One of us is math-challenged.

[ProSense]

21. Wrong,

look at the trajectory.

[MannyGoldstein]

22. $5 says it's the flattest slope since the nadir

of any graph, this many months out.

You in?

[ProSense]

24. Did you pay up for being wrong about Social Security and the SOTU?

I'll pass!

[MannyGoldstein]

25. can you point to a bet I lost?

Thanks.

[ProSense]

26. Can you point to one related to Social Security that you won? n/t

[MannyGoldstein]

27. If anyone would have bet me that Obama would

Discuss SS cuts at the SOTU address, I would have won.

[Name removed]

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[DCBob]

57. Manny has an agenda.. so I dont think it was a mistake he posted that old mis-leading graph.

The trends on the up-to-graph look decent to me. Long way to go but definitely heading in the right direction.

[TheKentuckian]

43. That wasn't a cyclical or a systemic crash but a purposeful one to lay the groundwork for our

present world of shit and supposedly to fight inflation.

[ClarkUSA]

28. You're wrong, Manny. Better learn more about FDR's first year here -->

Proof: http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=433&topic_id=623037&mesg_id=623063

[MannyGoldstein]

31. One of us is wrong.

I don't think it's me.

[ClarkUSA]

35. Yes, and it's you, not that you'd ever admit it. More proof -->

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=433&topic_id=623037&mesg_id=623096

Keep digging.

[Badfish]

40. you mean fastest recovery since WWII

point at a faster recovery from a hole that deep.

[mikekohr]

55. Worst Economic Downturn Since WWII and President Obama's 1st Term is not complete,

?
One should also note that in the very first quarter that President Obama was in office, the effects of the stimulus began to reverse the free fall he inherited from George W. Bush. In the ending of George W. Bush's Great Recession, we see the same pattern repeated: Republicans cause recessions, Democrats clean them up.

(see History of Recessions) http://bureaucountydems.blogspot.com/p/history-of-recessions.html

It took 6 months for President Obama's economic and tax policies to return GDP to positive territory. If we as a nation want to avoid the painful recovery from the climb out of economic holes we have to quit electing those digging them.

?


GDP Growth 1933, -1.3%
GDP Growth 1934, +10.9%
-------------------------
average +4.8% source: http://www.davemanuel.com/historical-gdp-numbers-united-states.php

[DCBob]

58. So you finallly admit we are in a recovery...

That's progress!

[uponit7771]

61. FDR had an 83% Dem congress, I see you CONTINUE to leave this out of your naritive

[WhaTHellsgoingonhere]

12. How are the Dems going to give this one to the Rs, too?

[ClarkUSA]

13. I'm proud to be the Obama supporter who gave this OP its 7th rec.

Bookmarked for the recovery deniers amongst us. Maybe they'll respond to the pretty picture.

:sarcasm:

[ProSense]

23. Here's

another good chart.

[stevenleser]

29. K&R

[Name removed]

30. Deleted message

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[Rosa Luxemburg]

32. Republicans - the job killers

[ProSense]

33. First of all,

those numbers are all wrong.

"4 million jobs were lost, dammit! That means 3.3 years and until the job deficit is made up"

More than 8 million jobs were lost, and if you factor in population growth the number is about 11 million to date.

Factoring jobs creation, the current jobs deficit is about 7.5 million.

As for how long it will take to make it up, it wasn't long ago that the projections were 22 years based on previous report.

So the prediction of 3.3 years (it's more like nine years based on the current jobs numbers) would signal an improvement. Still, that's the funny thing about projections, they changes with the numbers.

[MannyGoldstein]

34. FDR halved unemployment in 4 years

That's what Liberal policies can accomplish.

At the current job "growth" rate, after counting population growth, we're going nowhere at all. And now that our elected officials seem almost unanimous in shoving "shared sacrifice for the little people" Hooverian economics down our throats, we're utterly fucked.

[ProSense]

37. >

See

[eridani]

38. Yes they do. The difference between high and low end estimates--

--leads to the conclusion that our society is totally fucked either way. Faster or slower, the handbasket is going to hell. The Repukes will not let the government take the necessary strong role in doing something about it, even if Obama were willing, which (going by his nibbling around the edges with minor reforms policies) he doesn't seem to be.

[WolfoftheWild]

36. you really expect all those jobs to have been regained in 2 years? that is irrational.

So is ignoring obvious progress because it doesn't fit into your accepted framework.

[eridani]

39. The problem is that for 15 fucking years there has been no net gain in jobs

After 15 years, it's time for massive government action to do something about that. Tax cuts and the private sector are proven failures.

[WolfoftheWild]

45. so, you expected Obama to fix 15 years worth of problems in 2 years?

He's a badass, but he's not Superman.

[eridani]

46. The last four of those 15 years would be on his watch. I expect him to

--use his bully pulpit to advocate for massive intervention, and to go after the Repukes for blocking it.

[WolfoftheWild]

50. he's only been in power for al little over 2 years. that's a fact.

[eridani]

52. That does not change what he needs to do n/t

[hulka38]

42. Number of jobs is only part of the problem.

The way wages and benefits are declining in real terms means we're all going to need 1.5 jobs just to maintain our income levels. Put that in your equation.

[Armstead]

48. +1

[woo me with science]

62. One out of four children in poverty, and numbers increasing,

and a hell of a lot of depressing talk about the "new normal."

Recovery my ass.

[WolfoftheWild]

44. kick

[girl gone mad]

49. Not good.

We simply do not have a strong foundation on which to support the fallout from current hyper-speculation. Take the weak growth in our employment base and continued declining wages, and it's clear that we cannot afford to deal with loss in treasury demand, global spikes in commodity prices, or the recurring financial collapse which is a likely outcome of the gross economic mismanagement whereby the power structure handed trillions in real wealth to the corrupt banking sector, then demanded hefty sacrifices from workers and savers.

[WCGreen]

51. the stimulus was what kept us from the abyss.

[NillaWafers]

54. Housing prices are starting to recover. Actual unemployment numbers are starting to finally lower.

I hope to god that we are finding our way out.

[brentspeak]

56. Yeah? At what wages?

These charts always seem to leave out the parts about "dramatically lowered wages, benefits, and security".

[Avant Guardian]

59. The economy is held together with duct tape and bailing wire

...until the Bush tax cuts go away