elwood blues
New member
about equal to Reagan's monthly rate? The news is out that under Obama, in March 162,000 new jobs were added to the economy:
http://online.wsj.com/article/SB10001424052702304871704575159562197239090.html?mod=WSJ_latestheadlines
Meanwhile, according to http://blogs.wsj.com/economics/2009/01/09/bush-on-jobs-the-worst-track-record-on-record/ under Ronald Reagan 16 million jobs were created in his two terms (96 months). That corresponds to 167,000 jobs created per month.
So, conservatives, is it frightening you to learn that in his 2nd year in office, Obama has already halted the fall in unemployment and matched Reagan's job creation rate? Do you think a change of strategy will be needed before fall?
Your point about waiting until the end of a term is well taken. But it's worth noting that Under Reagan, unnemployment rose from about 7.5% to almost 11% during the first two years of his presidency, while Reagan's approval rating dropped to 35%. And yet Reagan stayed the course. And today conservatives admire him for staying the course. Do you think it's admirable of Obama to stay the course and keep his promise on health care reform? Does it make you question this whole "party of no" strategy?
BTW, historical unemployment numbers are at http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?series_id=LNS14000000
Well said, Uncle Pennybags!
@majgross: actually, Reagan took over under circumstances very similar to Obama's, as I point out above. Under each of them it took a while for the economy to turn around.
@Block Me II: if my stats are "made up" would you be so good as to supply the correct numbers? I thought not. BTW, I have never blocked anyone.
@How_Would_I: ahh, but all those cuts were more than balanced by other jobs created. The net gain is still 162,000 for March. Some folks might say that only a communist would insist that no business ever cut jobs!
Here are a few more statistics that have nothing to do with any census:
The Conference Board Index of Leading Economic Indicators is up for the ELEVENTH consecutive month.
The manufacturing sector expanded in March at its strongest pace since July 2004. The Institute for Supply Management, a trade group of purchasing executives, said that its gauge of industrial companies rose to 59.6 in March from 56.5 in February. It is the EIGHTH straight month of expansion.
http://online.wsj.com/article/SB10001424052702304871704575159562197239090.html?mod=WSJ_latestheadlines
Meanwhile, according to http://blogs.wsj.com/economics/2009/01/09/bush-on-jobs-the-worst-track-record-on-record/ under Ronald Reagan 16 million jobs were created in his two terms (96 months). That corresponds to 167,000 jobs created per month.
So, conservatives, is it frightening you to learn that in his 2nd year in office, Obama has already halted the fall in unemployment and matched Reagan's job creation rate? Do you think a change of strategy will be needed before fall?
Your point about waiting until the end of a term is well taken. But it's worth noting that Under Reagan, unnemployment rose from about 7.5% to almost 11% during the first two years of his presidency, while Reagan's approval rating dropped to 35%. And yet Reagan stayed the course. And today conservatives admire him for staying the course. Do you think it's admirable of Obama to stay the course and keep his promise on health care reform? Does it make you question this whole "party of no" strategy?
BTW, historical unemployment numbers are at http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?series_id=LNS14000000
Well said, Uncle Pennybags!
@majgross: actually, Reagan took over under circumstances very similar to Obama's, as I point out above. Under each of them it took a while for the economy to turn around.
@Block Me II: if my stats are "made up" would you be so good as to supply the correct numbers? I thought not. BTW, I have never blocked anyone.
@How_Would_I: ahh, but all those cuts were more than balanced by other jobs created. The net gain is still 162,000 for March. Some folks might say that only a communist would insist that no business ever cut jobs!
Here are a few more statistics that have nothing to do with any census:
The Conference Board Index of Leading Economic Indicators is up for the ELEVENTH consecutive month.
The manufacturing sector expanded in March at its strongest pace since July 2004. The Institute for Supply Management, a trade group of purchasing executives, said that its gauge of industrial companies rose to 59.6 in March from 56.5 in February. It is the EIGHTH straight month of expansion.