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Old 07-08-2011, 12:19 PM
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Default The economy lost
Quote:
Originally Posted by djplong View Post
Actor: Just out of curiosity, what timeframe are you quoting that 600K job loss number from?

Are we forgetting that, for the last 3 months before the stimulus package was signed (meaning the last 3 months of the Bush presidency) we were losing an average of 750,000 jobs PER MONTH?

A 0.1% 'jump' in unemployment is statistically insignificant. After all, it dropped just before that.

It would appear that we're "treading water" with only something in the 3%+ range of GDP growth (based on what I'm reading today) versus needing a 5.0%+ growth number to REALLY get the unemployment rate down.

But I can't stop thinking about how the Great Recession is *OVER* for executives.
600k jobs in January 2009. Obama took office on 1/20/09. Obviously people are unhappy about today's jobs number, justifiably so. My only point is that Bush put this country in such a big hole that it's going to take a lot longer than anyone imagined to right the ship. Blaming Obama for all our ills is crazy, but that's what you get on this forum.