We Officially Live In The Era Of The ‘Obama Economic Boom’
Where are the jobs?
— Speaker John Boehner (@SpeakerBoehner) January 10, 2014
This was clearly directed at President Obama. How do we know for sure? It was included in a press release specifically targeting the president’s economic policies. Boehner went on to say:
Every American has a right to ask the question ‘Where are the jobs?’ Today’s disappointing report shows, once again, that the president’s policies are failing too many Americans, many of whom have simply stopped looking for work.
Fast forward 11 months.
The Daily Banter‘s Tommy Christopher reported on Friday that the November jobs report defied expectations, showing the addition of 321,000 new jobs. That means 50 consecutive months of job growth. The previous record of 48 consecutive months ran from 1986 to 1990, and the last time there were more back-to-back months of job creation was World War II. It’s now been 10 months in a row of 200,000 or more jobs added.
At this rate, it’s possible… CONTINUE READING
Copyright 2014 Liberaland
By: Bob Cesca
Bob Cesca is the managing editor at The Daily Banter (www.thedailybanter.com) and a Huffington Post contributor since 2005. He's worked in journalism since 1988 as a print writer/editor, a radio news anchor, a digital media columnist/editor, a book author and blogger. He's the co-host of the Bubble Genius Bob & Chez Show podcast and a Thursday regular on the syndicated Stephanie Miller Show. He's appeared on numerous other radio shows including the John Phillips Show and Geraldo Rivera Show in Los Angeles. Bob has been a commentator/analyst on the BBC (TV and radio), MSNBC, Current TV, CNN and Sky News. Following him on Twitter: @bobcesca_go
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Matthew December 9th, 2014 at 07:26
Okay, does this chart work better for you?
No spikes after Obama, just a nice HUGE dip right after he got into office.
http://www.businessinsider.com/labor-force-participation-rate-september-2014-2014-10
OldLefty December 9th, 2014 at 07:41
That’s was the depth of the crash where the economy contracted 8.9% in Q4 ’08, 6.7% in Q1 ’09.
Matthew December 9th, 2014 at 07:50
It’s still not going up like the spin this article is putting on the economy…If it’s doing well, don’t you think it would eventually be going up???
OldLefty December 9th, 2014 at 08:10
What would be going up?
OldLefty December 9th, 2014 at 08:32
Many of those are the baby boomers retiring.
Other remedies that are embraced by the public, have been utterly rejected by the GOP.
~ Oct 28, 2011
Fox News poll: Majority favors Obama’s jobs plan and faults GOP for blocking it
~ Nov. 7, 2011 Post/ABC survey: “50%
think GOP intentionally stalling economy, including 51% of Indies, & 15% of GOPers.
tracey marie December 9th, 2014 at 08:50
right after the crash that bush and the gop created
Matthew December 9th, 2014 at 08:26
Okay, does this chart work better for you?
No spikes after Obama, just a nice HUGE dip right after he got into office.
http://www.businessinsider.com/labor-force-participation-rate-september-2014-2014-10
OldLefty December 9th, 2014 at 08:41
That’s was the depth of the crash where the economy contracted 8.9% in Q4 ’08, 6.7% in Q1 ’09.
Matthew December 9th, 2014 at 08:50
It’s still not going up like the spin this article is putting on the economy…If it’s doing well, don’t you think it would eventually be going up???
OldLefty December 9th, 2014 at 09:10
What would be going up?
OldLefty December 9th, 2014 at 09:32
Many of those are the baby boomers retiring.
Other remedies that are embraced by the public, have been utterly rejected by the GOP.
~ Oct 28, 2011
Fox News poll: Majority favors Obama’s jobs plan and faults GOP for blocking it
~ Nov. 7, 2011 Post/ABC survey: “50%
think GOP intentionally stalling economy, including 51% of Indies, & 15% of GOPers.
tracey marie December 9th, 2014 at 09:50
right after the crash that bush and the gop created
Wayout December 9th, 2014 at 08:18
That’s right
OldLefty December 9th, 2014 at 08:45
Sure beats the Bush Great recession.
A. Why have so many workers permanently left the work force?
Baby Boomers retiring, but if you want to REALLY increase participation, pass Obama’s jobs bill that; ~ Oct 28, 2011 Fox News poll: Majority favors Obama’s jobs plan and faults GOP for blocking it
B. Why are government handouts like food stamps, welfare, etc. at an all time high?
That peaked to record numbers under Bush…. BEFORE the crash.
We asked the U.S. Department of Agriculture’s Food and Nutrition service for month-by-month figures going back to January 2001. And they show that under President George W. Bush the number of recipients rose by nearly 14.7 million. Nothing before comes close to that.
http://www.usatoday.com/news/politics/story/2012-01-18/fact-check-gingrich-obama-food-stamps/52645882/1
C. Why is full time work now classified as 30 hours or less?
For health insurance.
D. Why are wages so low and stagnated?
Because of Reagan, and the tax deductions for relocating to 3rd world countries.
Raise the minimum wage and get rid of that loophole.
E. Why is the national debt now 18TRILLION dollars?
Bush’s contribution to the debt at $5.07 trillion, and Obama’s (including projections through 2017) at $1.44 trillion.
Estimates of the stimulus’ contribution run between $711 billion (the NYT) and $830 billion (CBO). While not a small number, it’s a fraction of the debt problem, and about half of what the US has spent on wars in Afghanistan and Iraq.
The Bush tax cuts are the single largest contributor, according to the Pew Fiscal Analysis Initiative.
http://www.pewtrusts.org/uploadedFiles/wwwpewtrustsorg/Fact_Sheets/Economic_Policy/drivers_federal_debt_since_2001.pdf
F. Why did Obama lose big time in the most recent election?
Because it was the lowest turnout since 1942 and as the poll;
CNN Poll: Majority of Americans say things are going well
By Alexandra Jaffe, CNN
updated 6:59 PM EST, Fri November 28, 2014
Those people don’t vote in midterms.
Why did Obama policies , like raising the minimum wage win so big in the last election?
Why did Romney, (who promised to get unemployment to a point higher than it is now, by 2016) and the Republicans lose so big in the last election that had a much greater number of voters ?
tracey marie December 9th, 2014 at 08:50
A.retired, disabled because now they can buy insurance.
B.military and old people are the highest receipients of welfar and food stamps…maybe bush should not have blown up the M.E.
C. That is not true, it counts only for HC
D.When haven’t wages been stagnant, a new report shows that wages are starting to rise.
E. Ask Congress they hold the purse strings. The 4 trillion war debt does cause a problem, try calculating the interest on that debt.
F. Obama did not lose, he was not running. The country lost with all the teabagg crazies.
in other words you spout bullshit and ignorance
Wayout December 9th, 2014 at 09:18
If things are so go good, please will one of you economic genius’s answer the following questions.
A. Why have so many workers permanently left the work force?
B. Why are government handouts like food stamps, welfare, etc. at an all time high?
C. Why is full time work now classified as 30 hours or less?
D. Why are wages so low and stagnated?
E. Why is the national debt now 18TRILLION dollars?
F. Why did Obama lose big time in the most recent election?
In short, Obama’s “Economic Boom” is a charade, propped up by the Federal Reserve and it’s low interest rates. The minute those interest rates go up, the stock market will crash and it will all be over.
OldLefty December 9th, 2014 at 09:45
Sure beats the Bush Great recession.
A. Why have so many workers permanently left the work force?
Baby Boomers retiring, but if you want to REALLY increase participation, pass Obama’s jobs bill that; ~ Oct 28, 2011 Fox News poll: Majority favors Obama’s jobs plan and faults GOP for blocking it
B. Why are government handouts like food stamps, welfare, etc. at an all time high?
That peaked to record numbers under Bush…. BEFORE the crash.
We asked the U.S. Department of Agriculture’s Food and Nutrition service for month-by-month figures going back to January 2001. And they show that under President George W. Bush the number of recipients rose by nearly 14.7 million. Nothing before comes close to that.
http://www.usatoday.com/news/politics/story/2012-01-18/fact-check-gingrich-obama-food-stamps/52645882/1
C. Why is full time work now classified as 30 hours or less?
For health insurance.
D. Why are wages so low and stagnated?
Because of Reagan, and the tax deductions for relocating to 3rd world countries.
Raise the minimum wage and get rid of that loophole.
E. Why is the national debt now 18TRILLION dollars?
Bush’s contribution to the debt at $5.07 trillion, and Obama’s (including projections through 2017) at $1.44 trillion.
Estimates of the stimulus’ contribution run between $711 billion (the NYT) and $830 billion (CBO). While not a small number, it’s a fraction of the debt problem, and about half of what the US has spent on wars in Afghanistan and Iraq.
The Bush tax cuts are the single largest contributor, according to the Pew Fiscal Analysis Initiative.
http://www.pewtrusts.org/uploadedFiles/wwwpewtrustsorg/Fact_Sheets/Economic_Policy/drivers_federal_debt_since_2001.pdf
F. Why did Obama lose big time in the most recent election?
Because it was the lowest turnout since 1942 and as the poll;
CNN Poll: Majority of Americans say things are going well
By Alexandra Jaffe, CNN
updated 6:59 PM EST, Fri November 28, 2014
Those people don’t vote in midterms.
Why did Obama policies , like raising the minimum wage win so big in the last election?
Why did Romney, (who promised to get unemployment to a point higher than it is now, by 2016) and the Republicans lose so big in the last election that had a much greater number of voters ?
tracey marie December 9th, 2014 at 09:50
A.retired, disabled because now they can buy insurance.
B.military and old people are the highest receipients of welfar and food stamps…maybe bush should not have blown up the M.E.
C. That is not true, it counts only for HC
D.When haven’t wages been stagnant, a new report shows that wages are starting to rise.
E. Ask Congress they hold the purse strings. The 4 trillion war debt does cause a problem, try calculating the interest on that debt.
F. Obama did not lose, he was not running. The country lost with all the teabagg crazies.
in other words you spout bullshit and ignorance