Obama: I Reversed Recession Until 'Bad Luck' Hit

[barfo]

I made him that avatar, so you can roid rage at me too if you want.

And I'm loving it. I never thought I'd give up my purple pirate, but this is just so much better. Thanks.

barfo

 

[maxiep]

I guess with the brilliance of these policies, we only have another 5 to 8 years of zero or negative growth before we need to have war declared on us by two totalitarian regimes to get us out of this circumstance.

 

[barfo]

I guess with the brilliance of these policies, we only have another 5 to 8 years of zero or negative growth before we need to have war declared on us by two totalitarian regimes to get us out of this circumstance.

I'd have thought you'd have known that GDP increased pretty steadily from the time FDR was inaugurated until the end of WWII.

barfo

 

[maxiep]

As was noted before, the parallels with the Great Depression and this recession are remarkable.

It didn't have to be this way.

 

[Haakzilla]

As was noted before, the parallels with the Great Depression and this recession are remarkable.

It didn't have to be this way.

...at what point? 1913?

 

[maxiep]

...at what point? 1913?

Smoking what you sell again? Try a cogent thought next time.

 

[Denny Crane]

Barfo's charts show Obama inherited a 7.6% unemployment rate and turned it into something much worse.

GDP did grow during the FDR years, but govt. grew faster than GDP and things did not get better due to any of his social programs.

Bush didn't inherit a recession?

http://www.usatoday.com/money/economy/2003-07-17-recession_x.htm

It's official: 2001 recession only lasted eight months

WASHINGTON (AP) — The committee that puts official dates on U.S. economic expansions and contractions said Thursday that the economy pulled out of recession in November 2001 and since then has been in a recovery phase.

The announcement from the National Bureau of Economic Research's Business Cycle Dating Committee confirmed what many economists have believed: that the economy has resumed growing, albeit slowly.

"At its meeting, the committee determined that a trough in business activity occurred in the U.S. economy in November 2001," the committee said in a statement Thursday.

The committee, which consists of top academic economists, met in Cambridge, Mass., to discuss the issue.

The 2001 recession began in March that year, so today's announcement makes it an eight-month downturn.

 

[BLAZER PROPHET]

Which, in the case of the Great Depression, quite clearly worked.

Yes, this is the poorest recovery since the depression. It's also the deepest recession since the depression.

barfo

In the Great Depression, FDR had a war that pulled us out. We gave Obama two wars and he couldn't pull us out.

 

[BLAZER PROPHET]

And I'm loving it. I never thought I'd give up my purple pirate, but this is just so much better. Thanks.

barfo

I liked the purple pirate.

 

[blazerboy30]

The boy who cried strawman throws out another strawman...

No, I'm arguing those charts show that what you claimed was demonstrably false:

You posted a chart showing that GDP growth was positive, yet weak when compared to historic data. You just conveniently cut off the chart at 2007.

You posted a chart, that clearly shows unemployment has increased since Obama's election, and is still about 50% higher than historical averages... and claim that "unemployment was soaring" is a false claim.

You're really bad at this, Barfo. You are, however, really good about quickly getting out your kneepads for Obama.

 

[barfo]

You posted a chart showing that GDP growth was positive, yet weak when compared to historic data. You just conveniently cut off the chart at 2007.

Data prior to 2007 isn't relevant to whether growth was positive or negative during Obama's presidency. The data I posted proves that your statement was incorrect. You didn't say that growth was weak compared to historical data. You said that growth was stalled/non-existent. Which was clearly untrue.

You posted a chart, that clearly shows unemployment has increased since Obama's election, and is still about 50% higher than historical averages... and claim that "unemployment was soaring" is a false claim.

It increased in the months immediately following the election, but began to decline by the end of 2009. Did you mean "unemployment was soaring, until it stopped soaring and started to decline"?

You're really bad at this, Barfo. You are, however, really good about quickly getting out your kneepads for Obama.

One of us is really bad at this. I kind of think it is the guy who doesn't get the facts right.

barfo

 

[blazerboy30]

Data prior to 2007 isn't relevant to whether growth was positive or negative during Obama's presidency. The data I posted proves that your statement was incorrect. You didn't say that growth was weak compared to historical data. You said that growth was stalled/non-existent. Which was clearly untrue.

I'm not gonig to get into semantics just because you have little man syndrome. The point is that the economy was not strong or robust compared to other recoveries or historic norms. The data supports that.

It increased in the months immediately following the election, but began to decline by the end of 2009. Did you mean "unemployment was soaring, until it stopped soaring and started to decline"?

It was soaring compared to historic norms at all times on the chart you posted. Just because something has declined doesn't mean it isn't still soaring... wittle guy.

One of us is really bad at this. I kind of think it is the guy who doesn't get the facts right.

barfo

Agreed. You should really work on that.

 

[maxiep]

Talking about the unemployment rate is a joke, especially the U3. The BLS has shrunk the labor pool, artificially lowering the U3. Economists have run the numbers under the former definitions and arrive at a U3 rate of over 11.5% and a U6 rate of over 20%. The politicization of this arm of the government is a huge unreported story.

However, there are numbers that can't lie. The real numbers to look at are the total number of people employed and the labor participation rate. Both are at depression-like levels, and have dramatically worsened under the current Administration. It's not Bush's fault; this group needs to look at themselves in the mirror. They tried a full-blown Keynesian strategy and it failed spectacularly.

 

[maxiep]

There's a great quote a friend of mine sent me yesterday from someone named Robert Heinlein:

Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.

This is known as “bad luck.”

Indeed.

 

[barfo]

I'm not gonig to get into semantics just because you have little man syndrome.

No, apparently you are going to get into ad hominem attacks.

The point is that the economy was not strong or robust compared to other recoveries or historic norms. The data supports that.

That might be your point now, but it wasn't your point earlier in the thread. Or perhaps it was your point, and you are just really bad at expressing your thoughts.

It was soaring compared to historic norms at all times on the chart you posted. Just because something has declined doesn't mean it isn't still soaring... wittle guy.

I guess if you are talking aeronautics, then sure, you can soar lower. But the common meaning of soar, as applied to rates, is 'increase rapidly'. And something that is declining is not increasing.

barfo

 

[Denny Crane]

GDP and job growth that's lower than population growth isn't good enough. It's like making 1% interest while inflation is 2%. If you're on a fixed income, you're on the road to the poorhouse.

 

[barfo]

GDP and job growth that's lower than population growth isn't good enough.

The solution to that is simple. Stop making babies.

barfo

 

[Denny Crane]

The solution to that is simple. Stop making babies.

barfo

Or send "liberals" to schools where they teach economics.

 

[barfo]

Or send "liberals" to schools where they teach economics.

Or just round them up and kill them.

barfo

 

[Denny Crane]

Or just round them up and kill them.

barfo

That would be another of your kind's policies. Pol Pot, Mao, Stalin...

I'd prefer you all would make use of this kind of basic information to prosper and not burden the rest of us with your silly ideology.

 

[TradeNurkicNow]

Or just round them up and kill them.

barfo

How about we round up and kill the economists?

 

[maxiep]

That would be another of your kind's policies. Pol Pot, Mao, Stalin...

I'd prefer you all would make use of this kind of basic information to prosper and not burden the rest of us with your silly ideology.

I saw a great remix today of one of the creepiest videos ever, and this seemed like the appropriate place to put it

Here's the original:

[video=youtube;kTBq_ybkBmI]

and here's the remix that puts the first video in its proper context

[video=youtube;i2naSzb1psU]

 

[blazerboy30]

How about we round up and kill the economists?

Totally true. What we actually need are more pompous, grad-school participants that haven't experienced the real world yet, and are going to change the world with hope, dreams and grad degrees in religious studies, anthropology or linguistics.

 

[3RA1N1AC]

There's a great quote a friend of mine sent me yesterday from someone named Robert Heinlein.

if you are talking about the writer, he was ahead of his time, and was a good read for me around 13 years old or so, wrote about many things that werent even invented yet

"To be matter-of-fact about the world is to blunder into fantasy - and dull fantasy at that, as the real world is strange and wonderful."

robert a heinlein

 

[Haakzilla]

Smoking what you sell again? Try a cogent thought next time.

...preventing the disastrous "Federal Reserve Act" in 1913 would have been the only point in which these "great depressions" could have been avoided. With the current monetary system these depressions are inevitable...and it is only going to get worse until Congress takes control of the money supply and puts this power back in the hands of the US, rather than the privately owned bankers of the world!

 

[huevonkiller]

Talking about the unemployment rate is a joke, especially the U3. The BLS has shrunk the labor pool, artificially lowering the U3. Economists have run the numbers under the former definitions and arrive at a U3 rate of over 11.5% and a U6 rate of over 20%. The politicization of this arm of the government is a huge unreported story.

However, there are numbers that can't lie. The real numbers to look at are the total number of people employed and the labor participation rate. Both are at depression-like levels, and have dramatically worsened under the current Administration. It's not Bush's fault; this group needs to look at themselves in the mirror. They tried a full-blown Keynesian strategy and it failed spectacularly.

They tried the same tactic with the debt ceiling. Our debt is actually much worse than the CBO suggested.

Underemployment and our epic debt are the end of us unless we get a different administration.

 

[TradeNurkicNow]

Totally true. What we actually need are more pompous, grad-school participants that haven't experienced the real world yet, and are going to change the world with hope, dreams and grad degrees in religious studies, anthropology or linguistics.

Right, because the economists are doing a great job.

And hey, I never said I was trying to change the world. I am looking out for #1, something capitalist scumfucks can get behind.

EDIT: I just can't get over this thing about not "experiencing the real world." What is the real world? American business culture?

Given that the majority of the world lives in what we would describe as "poverty," what part of the real world haven't I experienced? It's the western industrialized nations living in a dream world.

 

[blazerboy30]

Right, because the economists are doing a great job.

And hey, I never said I was trying to change the world. I am looking out for #1, something capitalist scumfucks can get behind.

I appreciate the fact that you have no fear of exposing your lack of knowledge on the subject.

EDIT: I just can't get over this thing about not "experiencing the real world." What is the real world? American business culture?

Given that the majority of the world lives in what we would describe as "poverty," what part of the real world haven't I experienced? It's the western industrialized nations living in a dream world.

I would really love to hear more regurgitated paraphrases from your liberal arts professors about how we should be ashamed of American culture.

 

[Denny Crane]

How about we round up and kill the economists?

And the astrologers, too. Can't tell them apart.

 

[TradeNurkicNow]

I appreciate the fact that you have no fear of exposing your lack of knowledge on the subject.

Sure don't.

I would really love to hear more regurgitated paraphrases from your liberal arts professors about how we should be ashamed of American culture.

I appreciate the fact that you have no fear exposing your lack of knowledge on the subject.