The results of Obamanomics (user search)
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Author Topic: The results of Obamanomics  (Read 14446 times)
Associate Justice PiT
PiT (The Physicist)
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« on: June 18, 2011, 01:23:26 AM »


The problem with foreclosures has radically changed under Obama.

While the initial problem which began before the Obama was the result of bad loans, securitzation of said loans, etc., the problem since Obama has assumed office has changed due to increases in unemployment.

Loans which would have been 'good,' with the rates of unemployment we experienced under Bush went bad under Obama due to increased unemployment rates.

So, yes, Obama policies made things worse!





     Based on the lengths of those bars, it's pretty clear that there are fewer jobs as of this March than there were in January 2009. That graph might be a rebuttal to something, but definitely not the bolded section.
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Associate Justice PiT
PiT (The Physicist)
Atlas Politician
Atlas Superstar
*****
Posts: 31,276
United States


« Reply #1 on: June 18, 2011, 03:15:24 PM »


The problem with foreclosures has radically changed under Obama.

While the initial problem which began before the Obama was the result of bad loans, securitzation of said loans, etc., the problem since Obama has assumed office has changed due to increases in unemployment.

Loans which would have been 'good,' with the rates of unemployment we experienced under Bush went bad under Obama due to increased unemployment rates.

So, yes, Obama policies made things worse!





     Based on the lengths of those bars, it's pretty clear that there are fewer jobs as of this March than there were in January 2009. That graph might be a rebuttal to something, but definitely not the bolded section.

If you look at this graph and the conclusion you come to is Bush was good for job growth and Obama was terrible for job growth... So therefor the housing crisis was made worse because we elected Obama... Then I think that says more about your own political agenda than the objective data presented in the graph.

     I suspect that who was President ultimately had little effect on the changes in numbers. The job numbers started improving dramatically in June 2009, earlier than Obama likely would have been able to effect any real change.

     Besides, the section you bolded is still correct, at least in terms of assessing relative unemployment numbers. They are higher now than they were under Bush, going off of that graph at least. The conclusion of CARL's post is the suspect part.
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