Discussion in 'Latest News Events' started by LPH, Jul 9, 2012.
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OK. Now we're up to 42 months at 8.2% or higher unemployment plus those who have dropped out of the labor market. Does he get credit for doing that single-handed also? OK, that was a snide comment on-the-fly, but I wonder.
In January 2009, over 700K people were losing their jobs each month. This trend was slowed dramatically by a stimulus. A mistake was caving into republican demands that a tax break be included in the stimulus.
Regardless, the original post was a counter against the above 8.2% claim by the republicans. We all know republicans ran in 2010 with the slogan jobs jobs jobs. We ended up with bedroom issues and over 30 votes to repeal a health care law.
A main unemployment rate disagreement comes to interpretations of the slowing of the economy ever since the republicans returned to power in the House. For example, public sector jobs have decreased by over 600,000. If these jobs had been saved then the UE would be 7.3% and the republican talking point would be gone.
But, we can also look at the data in terms of states: North Dakota's UE rate is 3.0. Vermont is 4.6 .... or that a year to year comparison shows a drop of at least 1% in each state.
But don't ask Fox News viewers (shown by several studies now to be the most misinformed) because they think the sky is falling - and we are headed to a fiscal cliff.