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Wednesday, September 19, 2012
ANOTHER FIRST FOR OUR WORST PRESIDENT…
Excluding January 2009, the month of the Barry "Almighty" coronation, unemployment has now remained above 8 percent, a feat not accomplished under any other administration since the Bureau of Labor Statistics (BLS) first started measuring the monthly jobless rate. That’s over 8 percent for 43 consecutive months during Barry compared to a total of 39 months above 8 percent between 1948 and 2008. Over the course of 50 years, the unemployment rate in the United States was above 8 percent for a total of 3 years and 3 months; Barry beat that record hands down and in record time, because on his watch, the rate has been above 8 percent for 3 years and 7 months. But you certainly don’t hear him or any of his talking that up, do ya. No, they’re too busy working on tearing down Romney.
Also, no other president ever presided over three consecutive years of average annual unemployment of more than 8 percent before Barry, at least according to the BLS data. The rate was above 8 percent throughout 1975, under President Gerald Ford, and throughout 1982 and 1983, under President Reagan. However, the rate went to 7.8 percent in February 1984 and continued to fall steadily under Reagan, at the end of his second term in 1988, unemployment was down to 5.3 percent. According to the BLS, starting in 1948, unemployment in the United States never surpassed 8 percent until January 1975, when it hit 8.1 percent. In the Carter years, it fluctuated between 7.5 percent and 5.6 percent. And from February 1984 to January 2009, the rate fluctuated from a high of 7.8 percent to a low of 3.9 percent.
When Barry "Almighty" took office back in January 2009, a time that seems so long ago but isn’t, unemployment was 7.8 percent. Which is the figure that he actually "inherited" from George W. Bush. The very next month under the stewardship of Barry, it climbed to 8.3 percent and would later peak at 10 percent in October 2009. It remained above 9 percent for all of 2010, before falling, only slightly, to 8.9 percent in May 2011, rising again to 9 percent in April, and dropping again to 8.9 percent in November 2011. For all of 2012, the rate has been above 8 percent. Prior to Barry no president presided over three years of average annual unemployment of 8 percent. The average annual unemployment for 2009 was 9.3 percent, in 2010 it was 9.6 percent and was 8.9 percent in 2011.
In 1975, during the Ford administration, the annual average unemployment rate was 8.5 percent. For two years during Reagan’s first term, unemployment surpassed 9 percent: in 1982 at 9.7 percent and 1983 and 9.6 percent. Unemployment peaked under Ford in May 1975 at 9 percent. Unemployment peaked under Reagan in November and December of 1982 at 10.8 percent for both months. According to data from the U.S. Census Bureau, unemployment was the highest in the 20th century under the administrations of Democrat Franklin D. Roosevelt, particularly the years 1933 through 1941. The unemployment rate was 24.7 percent in 1933 and declined to 14.18 percent in 1937. It then went up to 18.91 percent in 1938 and was still at 9.66 percent in 1941, when the United States entered World War II.
Such is the record that Barry had so often proudly proclaimed that he would stack up against anybody’s, but has now talked about so little since the campaign ‘officially’ began. He’s been much more focused on perpetrating all manner of smear against his opponent, in what can only be described as being a desperate attempt to divert attention away from what is a failed record on a scale not achieved by any other president since Jimmy Carter. So it boggles my mind how it is that, at least for now, a majority of Americans ‘appear’ to be perfectly willing to give this guy another four years. What is it going to take for enough people to come to their senses regarding where it is that this guy is trying to take us? What’s it going to take for them to open their eyes? I gotta tell you, I’m beginning to wonder.
Labels:
2012 Election,
OBAMA
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