There was no cooking of the numbers. That was the actual avarage including those handful of months at the end. Which marked the result of the housing/financial crash and hence the beginning of the recession. Which makes the average of 5.6% all the more impressive. Btw Clinton's avg was 5.3% during the tech boom of the 90's.
"...eventually topped at 10.2 in October 2009. It has been coming down slowely ever since."
According to this official Obama chart, Private Sector Job Growth had already began to increase sharply after it's low in Dec 2008 before Obama took office. https://plus.google.com/u/0/?tab=mX#photos/105479712798762608629/albums/posts/5728357752719145906
The chart below is more detailed but it doesn't show the peak low of Dec 2008. You can clearly tell things began to turn around before any of Obama's policies had anything to do with it. Notice April and May of 2009. Obama signed the stimulus middle-late February. No way it impacted that big just 3-6 weeks later. This was one of the complaints with opponents and even with people who supported the stimulus..that it wasn't 'front loaded' enough.
After the fact, Obama even admitted that:http://content.usatoday.com/communities/theoval/post/2011/06/obama-jokes-about-shovel-ready-projects/1http://img685.imageshack.us/img685/7397/jobschart.jpg
Truth is that if the federal government still calculated UE the way it always did before Jan of this year, we'd be sitting at 10.1% right now.
"In other words, in the universe Obama took over from George W. Bush, the unemployment rate would still be over 11%. Now, the last time I checked, the planet has not gotten smaller, nor has the population of the United States. (I am not sure about the sea levels.) To thinking people, there is no legitimate reason to shrink the potential labor pool. Of course, there is an illegitimate reason to do so: to protect the governing record of Barack Obama. Anyone who follows politics even casually knows that if the general public ever really figured out that the real unemployment rate is over 11% (article is from Dec 2011), Obama would have zero chance of re-election."
Read more: http://www.americanthinker.com/2011/12/os_legacy_unemployment_rate_now_meaningless.html#ixzz1tZAem6Sa
Meanwhile the long-term unemployed is at an all time high:http://news.yahoo.com/number-long-term-unemployed-older-workers-quintupled-help-163641351.html;_ylt=A2KLOzGcFZ9PuHUAPVjQtDMD
Furthermore the record deficit spending of Obama has done little to nothing to our GDP:http://news.yahoo.com/us-growth-too-sluggish-drive-down-unemployment-163151661--finance.html;_ylt=A2KJ3CRvFp9PjykABlXQtDMD
AP Economics writer Paul Wiseman writes two years after the recession "ended", the recovery has been the weakest and most lopsided of any since the 1930's. Workers' wages and benefits historically have made up a stable 64% of the economy (through book and bust alike). Right now in the Obama economy they are at an all time low, 57.5%.
Unemployment has never been this high, 9.1%, this long after a recession. The last three recessions at this same point avgd just 6.8%.
The avg worker's hourly wages, after accounting for inflation, were 1.6% lower in May than a year earlier. Rising gasoline and food prices have devoured any pay raises for most Americans.
The jobs that are being created pay less than the ones that vanished in the recession. A record 45 million Americans are on food stamps.
Afa African American UE compared to Clinton years. Clinton enjoyed 8 years of prosperous peace time and no major global disruptions. But if you really want to go there Obama isn't exactly getting the job done with minorities either:http://www.azcentral.com/arizonarepublic/news/articles/2011/09/14/20110914us-poverty-rate-hits-17-year-high.html
"The news was particularly bad for Blacks, Hispanics, children and women. The poverty rate for Hispanics climbed to 26.6 percent from 25.3 percent; and for Blacks, it increased to 27.4 percent from 25.8 percent. For Whites, the poverty rate in 2010 was 9.9 percent, a half-percentage-point increase from the previous year."
Read more: http://www.azcentral.com/arizonarepublic/news/articles/2011/09/14/20110914us-poverty-rate-hits-17-year-high.html#ixzz1tZL2Is00
Minority people are hurting Mr. President and this is what we get by your stimulus package and your quadrupeling the deficit:http://peoplesworld.org/black-and-latino-seniors-face-double-poverty-rates/
Afa Christine Romer's chart. It doesn't matter if it was posted two weeks before Obama took office. That was the chart that was bantered around for weeks by she and others pimping the massive stimulus. That's what they were selling. Politifact can run cover for them all they want. It is what it is. That chart is what hurt the administration. I didn't include the "details" because neither did they when they were touting the massive stimulus plan. It wasn't until much later when it was discovered that the stimilus was a bust that they began walking it back with their fine print.
Afa healthcare reform, the Democrats' Medicare plan bankrupts 25% of all hospitals by 2030 Read more at the Washington Examiner:
One of the most important factors in projecting Medicare expenditures are the annual payment updates to Medicare providers. The estimates shown in the 2011 Trustees Report are complicated substantially by mandated reductions in these payment updates for most Medicare services. In particular, Medicare payment rates for physician services as determined by the Sustainable Growth Rate (SGR) system are scheduled to be reduced by roughly 30 percent in 2012. For most of the other categories of Medicare providers, the recently enacted Patient Protection and Affordable Care Act (ACA), as amended, calls for a reduction in payment rate updates equal to the increase in economy-wide multifactor productivity.2 As described in more detail below, in our view the scheduled physician payment reduction is implausible and there is a strong likelihood that the productivity adjustments will not be sustainable in the long range. It is reasonable to expect that Congress would find it necessary to legislatively override or otherwise modify the reductions in the future to ensure that Medicare beneficiaries continue to have access to health care services.http://washingtonexaminer.com/blogs/beltway-confidential/2011/05/democrats-medicare-plan-bankrupts-25-all-hospitals-2030?utm_source=feedburner+BeltwayConfidential&utm_medium=feed+Beltway+Confidential&utm_campaign=Feed%3A+BeltwayConfidential+%28Beltway+Confidential%29feed&utm_content=feed&utm_term=feed
Remember that when it passed, they were talking about $900 billion in new spending, but only raised taxes by ~$450 billion. The rest of the spending was supposedly “offset” by savings from eliminating Medicare Advantage. But Medicare is already broke, there’s no way to transfer ANYTHING out of Medicare to pay for ObamaCare because Medicare has no money itself.
It’s essentially the same as Obama saying he was going to use the “savings” from winding down the wars in Iraq and Afghanistan to pay for a bunch of new spending. There’s no pot of money sitting there with WAR written on it, so how do we get money from “war savings” to pay for anything? It’s as nonsensical as using “Medicare advantage savings” for ObamaCare spending.
The Affordable Care Act is as affordable as the Affordable Housing Act which brought on our housing economic catastrophe. These Democrats are either stupid or deliberately trying to further destroy our capitalist economic system with their constant destructive policies and legislation. Their constant phony phrases , like the ” 99%” / “ transparency”/ “ pass the law so we can read the law” baloney must mean they think the American public is stupid. And their race and class baiting rhetoric is about as destructive as their economic policies .