7 Comments on “Obama’s political legacy fading fast”

1. 
   Jim Granelli said at 7:49 pm on November 18th, 2014:

   Did Obama ever have a legacy after the stimulus plan failed?

2. 
   Bob English said at 9:46 pm on November 18th, 2014:

   Prior to the stimulus the economy was in free-fall collapse with 4th Quarter 2008 GNP down an incredible -8.9% which is depression level. After the stimulus, the economy went from losing up to 700k jobs/month to averaging a gain of roughly 200k jobs/month for aprox the past 5.5 years.

   Still a ways to go to make up the 8 million jobs lost in the recession since 100k jobs/month need to be created/month just to keep even.

3. 
   Tom Stokes said at 10:05 pm on November 18th, 2014:

   Could you imagine if Gruber Gate had come to light before the midterms?

   When that Congressman yelled “you lie” to President Obama, he was absolutely right on target.

   If you like your doctor, you can keep him …NOT

   If you like your health plan, you can keep it …NOT

   It’s not a tax….but the Supreme Court ruled it was a tax.

   Obamcare … the biggest hoax ever perpetrated on the American people and the American economy.(“stupid American voters” per Mr. Gruber, the architect of Obamacare who was paid $400,000 as a “consultant” to HHS – never disclosed at the time)

4. 
   Poor Bob said at 10:55 pm on November 18th, 2014:

   He just doesn’t get it.

   Low paying, part time jobs in service industries do not make up a recovery.

   11.5% REAL unemployment, U6 number; you know the people that gave up looking for work; doesn’t make a recovery.

   A decline in real income, especially the middle class, does not a recovery make. Here’ from the liberal NY Times

   http://www.nytimes.com/2014/08/21/upshot/why-the-middle-class-isnt-buying-talk-about-economic-good-times.html?abt=0002&abg=0

   “Nearly a quarter of metropolitan areas had fewer jobs in August than five years earlier, showing that the national labor market recovery has missed broad swaths of the U.S.”

   http://online.wsj.com/articles/where-the-jobs-recovery-isnt-happening-1412468219

   California is behind the 8 ball.

   http://www.realclearmarkets.com/articles/2014/09/25/californias_economic_recovery_that_wasnt_101293.html

   Holding up jobs, and lowering fuel prices by preventing the Keystone pipeline from being built does not a recovery make

   And to top it all off, a bit of honesty for once from the extremely liberal Daily Kos

   “we have a very sick economy where people cannot find meaningful, solid, decent-paying work and are dropping out of the workforce. ”

   http://www.dailykos.com/story/2014/10/03/1334029/-The-Phony-Jobs-Report-Hype-A-Very-Sick-Economy-Millions-of-Workers-Who-Don-t-Count#

   And he still blames it on Bush. Yeah, we got shovel ready jobs. Except that the shovel was full of Bull Shit.

   Bob, please stop believing in unicorns. There has to come a time when even you need to stop excusing this failure of an administration with starry eyed DNC talking points. I guess they have your fax on speed dial.

5. 
   Sancho Panza said at 1:04 am on November 19th, 2014:

   @”After the stimulus, the economy went from losing up to 700k jobs/month to averaging a gain of roughly 200k jobs/month for aprox the past 5.5 years.”

   Somebody keeps coming up with wild claims based on figures that only he knows the source of. Just like Gruber-nomics. How ’bout those 12 million new jobs, eh?

   From the Los Angeles Times of last D-Day:

   “The nation’s employers created a solid number of jobs last month that pushed the economy to a milestone: It finally recovered all 8.7 million jobs lost during the Great Recession. . . . The nation lost 8.7 million jobs until the labor market began slowly to grow again in February 2010.

   Meantime, population growth since January 2008 has meant that the economy still is about 6.9 million jobs short of where it should be, said Shierholz, the labor market economist.

   “At the pace we are currently going, it will take nearly four more years to get back to pre-recession labor market conditions,” she said. . . .

   The gap partly is reflected in the unemployment rate. May’s 6.3% level is well above the 5% mark in January 2008.

   Besides, economists said, today’s unemployment rate probably overstates the health of the labor market.

   The labor force participation rate remained at 62.8% in May, the lowest level since 1978 and a sign that many people have given up looking for work. The low participation skews the unemployment rate, a reason Federal Reserve policymakers said they were using other labor market indicators to determine how much stimulus the economy still needs.

   Even more disconcerting to many economists is the lower quality of the jobs being created to replace many higher-paying ones lost in the recession.

   Compared to January 2008, jobs in construction are down 20%, manufacturing 11.7% and banking 4.8%.

   Some lower-paying fields have seen increases. Temp jobs are up 16% and leisure and hospitality positions have risen 8.1%. Retail sales jobs are down slightly from the 2008 peak, but that masks an increase of about 925,000 positions since the labor market bottomed out in early 2010.” –http://www.latimes.com/business/la-fi-jobs-20140607-story.html

6. 
   Bob English said at 8:08 am on November 19th, 2014:

   Sancho….the information “that only he knows the source of” is directly from the Bureau Of Labor Statistics….and like it or not those numbers state the economy was losing 700k jobs/month and now gains roughly 200k jobs per month.

   I actually agree with a lot of what you posted. More and better jobs still needed.

7. 
   Sancho Panza said at 12:55 am on November 22nd, 2014:

   Let’s see where in the BLS archive those numbers are. Otherwise, your post remains nothing more than just additional empty blabber.