Page 3 of 9 FirstFirst 123456 ... LastLast
Results 19 to 27 of 73

Thread: Unemployment: Obama Versus Reagan

  1. #19

    Default Re: Unemployment: Obama Versus Reagan

    Quote Originally Posted by RYou View Post
    After you've a nice fat dinner, do you then go to the bathroom to immediately shit it out? No, it takes time to work through the system, even if it was chili.
    Why is it, in your view, that the Reagan's turn-around was allowed to take 2+ years to happen, but Obama is not afforded that time?
    Why the double-standard?

    Quote Originally Posted by RYou View Post
    Reagan bailed out Chrysler to keep it afloat.
    The Chrysler Corporation Loan Guarantee Act of 1979 was passed in 1979, almost two years before Reagan had started his presidency.
    http://digitalcommons.ilr.cornell.ed...=key_workplace

    (Another example of something that people give Reagan credit for which he did not do)

  2. #20

    Default Re: Unemployment: Obama Versus Reagan

    Quote Originally Posted by TheEvilDrEvil View Post
    It's not that Obama didn't warn people that it would take time, it's that the right-wing media in our country has been extremely effective in communicating their view of what Obama has said and done. Before taking office, Obama made it very clear that this recovery would take time:
    http://change.gov/newsroom/entry/your_weekly_address/

    "Now, given the magnitude of the challenges we face, none of this will come easy. Recovery won’t happen overnight, and it’s likely that things will get worse before they get better."

    (Instead of showing this part of the speech, the right-wing media instead only extracts out the one part he got wrong and ignores the rest: the prediction of how bad unemployment would be)
    The right wing media certainly put their spin on it, but so did the left. Most young voters and independants don't listen to Rush Limbaugh, so the effect of the right wing media was probably lost on them. Younger people are more likely going to watch Jon Stewart or Katie Courek(spelling?). Those two, along with Saturday Night Live and David Letterman, led people to believe that Obama was the saviour and any republican was evil. It's easy to blame right wing media but the people watching Fox News weren't going to vote for Obama anyway. Younger voters and first time voters brushed over the part where he said it would take time and so did the other media outlets. Right or wrong, they feel lied to. To just blame it on Fox or Rush is dishonest. Obama and other media outlets did this to themselves and he even admits that he didn't communicate everything like he should have. I have heard from many people who say they are tired of hearing him blame Bush. They just want to know that when they graduate college, there will be a job waiting for them. I have kids in college and they and their friends are genuinely scared about that. My parents are two years away from retirement and they are scared that they might not be able to retire. He simply got caught up in his own hype and allowed it to get out of hand.

    But don't fret, the republicans will screw up after they win this November, too.

  3. #21

    Default Re: Unemployment: Obama Versus Reagan

    http://www.gallup.com/poll/125639/Ga...Workforce.aspx

    No change all year.. in fact, it's been trending back upward since July.
    Last edited by Schlottke; 10-17-2010 at 12:45 PM.

  4. #22

    Default Re: Unemployment: Obama Versus Reagan

    Quote Originally Posted by TheEvilDrEvil View Post
    It's not that Obama didn't warn people that it would take time, it's that the right-wing media in our country has been extremely effective in communicating their view of what Obama has said and done. Before taking office, Obama made it very clear that this recovery would take time:
    http://change.gov/newsroom/entry/your_weekly_address/

    "Now, given the magnitude of the challenges we face, none of this will come easy. Recovery won’t happen overnight, and it’s likely that things will get worse before they get better."

    (Instead of showing this part of the speech, the right-wing media instead only extracts out the one part he got wrong and ignores the rest: the prediction of how bad unemployment would be)
    Come on buddy. His "Worse before better" line is something I would have said. Anyone who didn't know rebounding an entire nation's economy would take time wasn't being realistic. It's also a great line to say for future use. "I told you it would take time... re-elect me and I can finish what I started.... Don't elect George Bush again, he will use the same failed policies that got us into this mess.."

    And I love the attempted comparison to Reagan but he's not even close to having the same success. Could he? Sure.. but it's gonna be tough when he dumped a trillion dollars trying to fix the problem. He essentially did the exact opposite thing Reagan did so it will be interesting to see if both ways work... we'll know in 20 years, not 20 months.

    A couple points from the PDF linked to in your article:

    • A package in the range that the President-Elect has discussed is expected to create
      between three and four million jobs by the end of 2010.
    • More than 90 percent of the jobs created are likely to be in the private sector. Many of
      the government jobs are likely to be professionals whose jobs are saved from state and
      local budget cuts by state fiscal relief.

    Where are the 4 million private sector jobs? What industries are they in? How many people do you know personally that he undoubtedly has helped for the long term?

    Since you like graphs, here is one to look over:



    Now, you'll immediately want to blame Bush for most of those losses, which I wouldn't disagree with (Everyone loves the blame game, it seems). The point is you can make a chart/graph look pretty bad when you use a small range of statistics aimed at proving your point...

    Obama would be a lot better off if he stopped blaming Bush and trying to tie every Republican to him and had some accountability. I'm not saying he needs to openly admit any mistakes because that would make him look weak - just stop pointing fingers and fix what he can. As a coach, parent, teacher, CEO, or other leader your goal is to teach people to take responsibility for their failures - it's not all on Bush anymore.
    Last edited by Schlottke; 10-17-2010 at 12:37 PM.

  5. #23
    Super Moderator UGLY's Avatar
    Join Date
    Mar 2007
    Location
    Littleton, CO
    Posts
    4,935

    Default Re: Unemployment: Obama Versus Reagan

    As soon as DR EVIL said the right wing media he lost all credibility with me.

  6. #24

    Default Re: Unemployment: Obama Versus Reagan

    Quote Originally Posted by UGLY View Post
    As soon as DR EVIL said the right wing media he lost all credibility with me.
    Sadly, that is exactly what the politicians think, too. I am conservative, but republicans got full of themselves after the 04 elections and didn't listen to the people. Now, the democrats are doing the same thing. It seems like people on each side are too busy saying how dumb the other side is, instead of listening to the people in the middle that actually sway elections. The dems will probably lose big in November and not know why until months later when they actually look at things objectively. I just hope the republicans aren't dumb enough to repeat history, but with politicians, you never know.

  7. #25

    Default Re: Unemployment: Obama Versus Reagan

    Fed Chairman Ben Bernanke has justified U.S. central-bank measures to boost economic growth, saying inflation is running below the Fed's objective of 2% and the economy is on a course to grow too slowly to bring down unemployment.

    The dollar's slide is largely tied to a stumbling U.S. economic recovery at the same time that Europe and Asia appear to be emerging faster from hard times. But stimulus measures could inflict additional pain on the dollar, because they would keep U.S. interest rates very low, lessening the appeal of dollar-denominated assets even more.

    "There would appear—all else being equal—to be a case for further action," Mr. Bernanke said Friday in a speech in Boston.



    The U.S. dollar is likely to remain weighed down this week by mounting expectations that the Federal Reserve will adopt new stimulus measures, and the pressures on the greenback are unlikely to ease until more details of the Fed's plans are known.

    The dollar has notched broad declines in the past month, slumping in recent sessions to landmark lows against some of its rivals. The Fed is considering whether to launch a program of quantitative easing, purchasing long-term Treasury bonds to push down long-term interest rates and boost economic growth. The market equates quantitative easing with printing money, so it has a damaging effect on a country's currency.

    Monetary policy and currency levels have become dominant themes across asset classes in recent weeks and are expected to play a role as finance ministers and central bankers from the Group of 20 nations convene in South Korea this week.

    "What you may hear from the G-20 finance ministers meeting is some sort of attempt to calm the markets," said Carl Forcheski, director of foreign exchange at Soci?t? G?n?rale in New York. "Some countries are getting a little bit concerned about the dollar's fall."

    The dollar's slide is largely tied to a stumbling U.S. economic recovery at the same time that Europe and Asia appear to be emerging faster from hard times. But stimulus measures could inflict additional pain on the dollar, because they would keep U.S. interest rates very low, lessening the appeal of dollar-denominated assets even more.
    Fed Chairman Ben Bernanke has justified U.S. central-bank measures to boost economic growth, saying inflation is running below the Fed's objective of 2% and the economy is on a course to grow too slowly to bring down unemployment.

    "There would appear—all else being equal—to be a case for further action," Mr. Bernanke said Friday in a speech in Boston.

    A handful of currencies touched notable highs after Mr. Bernanke spoke. The euro hit $1.4161, its highest level since January, while the Australian dollar hit parity with the U.S.

    dollar for the first time since 1983, when the Aussie was freely floated. The U.K. pound ticked above $1.61 for the first time since January. A day earlier, the Canadian dollar traded at parity with the greenback, for the first time since April.

    Mr. Bernanke said the Fed, which meets Nov. 2-3, must proceed "with some caution," given the uncertainties about whether such easing would be successful. Until details of the Fed's approach to a second round of quantitative easing are known, the dollar is likely to stay under pressure.

    In the meantime, markets will be keenly attuned to any clues on asset-purchase programs or other steps to stimulate struggling economies in the U.S. and abroad.

    And as the yen trades at heights that distress Japanese authorities, investors will be watching for signals on official buying operations. Japanese Finance Minister Yoshihiko Noda kept alive the possibility of intervention to curb yen strength, saying Friday the government will take "decisive" steps if necessary.

    Despite official sales of two trillion yen (US$24.6 billion) on Sept. 15 to slow the Japanese currency's appreciation, the yen has continued to move higher, with the dollar touching 15-year lows below 81 yen both Thursday and Friday.

    Also on Friday, the U.S. Treasury Department put off a decision on whether to label China a "currency manipulator" until after the G-20 summit, increasing the pressure on world leaders to find a way to tamp down growing fears of a global currency conflict. A number of countries, led by the U.S., have charged that China deliberately undervalues its currency to boost its economy.

    The possibility of such disagreements becoming more serious and resulting in punitive trade measures is yet another negative factor hanging over the dollar, analysts said.

  8. #26

    Default Re: Unemployment: Obama Versus Reagan

    They will keep doing what they can to make the numbers look good... Perhaps if they put it off long enough it will heal itself.

    Buying treasury bonds to force inflation so our debt becomes cheaper.
    Start investigations into foreclosures to slow them so the housing market doesn't re-crash.

    It's quite disappointing if you can't see this is not a long term solution.

    Disagree that the foreclosure investigations aren't done with this purpose in mind? Name one person you know that was foreclosed on while staying current on their payment.

  9. #27
    Olympic Champ RYou's Avatar
    Join Date
    Mar 2007
    Location
    New Jersey
    Posts
    8,376

    Default Re: Unemployment: Obama Versus Reagan

    Quote Originally Posted by TheEvilDrEvil View Post
    Why is it, in your view, that the Reagan's turn-around was allowed to take 2+ years to happen, but Obama is not afforded that time?
    Why the double-standard?
    You didn't read what I wrote did you? Obama, Reagan, Bush...whomever, has little control over the speed of an economic recovery. What I am saying is that the economic influence of Reagan supply side economic had a broader as well as greater vertical affect, than Obama's funding of road infrastructure.


    Quote Originally Posted by TheEvilDrEvil View Post
    The Chrysler Corporation Loan Guarantee Act of 1979 was passed in 1979, almost two years before Reagan had started his presidency.
    http://digitalcommons.ilr.cornell.ed...=key_workplace

    (Another example of something that people give Reagan credit for which he did not do)
    The paperwork was proposed and in place, but it was Reagan's economic team negotiated the actual loan in 1981 with Iococca, including the added value of the Chrysler stock warrants that produced an additional $311 million in revenue when the warrants were sold, on top of the loan repayment.
    Life's not the breaths you take, the breathing in and out that gets you through the day ain't what it's all about. It's the moments that take your breath away.

Tags for this Thread

bush 4 unemployment chart vs. obama 9 chart, chart obama prices unemployment, compare reagan to obama unemployment, compare unempolyment rate obama and reagan, comparing reagan unemployement to obama, comparing unemployment rates obama reagan, decline in unemployment reagan, decline of unemployment under reagan, employment rates carter v obama, gov unemployment reagan, junk, obama unemployment chart, obama versus reagan, obama vs reagan unemployment rate, obama vs. reagan facts, obama-reagan unemployment, pres reagan unemployment by month, raegen unemployment vs obama, reagan and obama unemployment prior graphs, reagan employment, reagan obama unemployed chart, reagan unemployment, reagan unemployment 20 months, reagan unemployment compared to obama, reagan unemployment graph, reagan unemplyment 1st term graph, reagan v. obama unemployment rates, reagan ves obama unemployment, reagan vs obama, reagan vs obama unemployment, regans unemployment charts, the day obama took office, uemployment reagan versus obama, unemplowyment rate obama vs reagan, unemployment by month under obama, unemployment comparison reagan obama, unemployment during reagan, unemployment during reagans term by month, unemployment graph during reagan, unemployment obama v reagan, unemployment obama vs reagan, unemployment rate reagan and obama, unemployment rate reagan vs obama, unemployment reagan took office, unemployment reagan vs obama, unemployment under obama, unemployment under reagan, unemployment under reagan by month, unemployment when obama started 2008, us unemployment rate under reagan vs obama

View Tag Cloud

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •