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Posts: 8905
02/24/12 05:42 PM
Divides by zero
Earlier today, on our post about the warning from a Democratic pollster about trying to use an “America is Back” slogan for Barack Obama’s re-election, commenter TopDog linked to a chart that explains very clearly why that strategy won’t work. Stanley Greenberg wants Obama to argue instead for a less-specific declaration that America is now headed in the right direction, and that Obama has gotten job creation kick-started already: In 2009, we were losing 750,000 jobs a month. Our biggest banks and auto companies were on the brink of pulling down the whole economy. But we righted the ship. We did not tip into a Great Depression. And over the last 22 months, businesses have created more than 3 million jobs, the most since 2005 and more manufacturing jobs than since the 1990s. We still have a long way to go but we have restored hope and possibility to the economy. This chart from the Bureau of Labor Statistics utterly destroys that argument. The BLS measures the percentage of working-age adults currently employed in the population — and as can easily be seen, three years of Barack Obama has not made any dent in the trough created by the recession: That is not recovery. It’s not even a start to a recovery. By cherry-picking 22 months, the best Greenberg can claim is job growth of 136,370 jobs per month, which would barely exceed the needed job growth per month to keep up with population growth. Why cherry-picking? I explained the issue when Obama tried using this claim during his Google+ hangout at the beginning of the month: But why 22 months? Obama began his term in January 2009, and the recession ended in June 2009. What’s so special about March 2010? Well, not so surprisingly, that’s almost the nadir of employment during Obama’s presidency, which actually took place in February 2010, two years ago this month. Even if he’d picked the right month, it would still only have been 2.654 million, not 3 million. Calculating from the end of the recession, the net job creation from those 31 months is only 1.407 million, a wan 45,390 net jobs a month, far below the pace needed to keep up with population growth. Calculating for the entirety of his presidency, we’re actually in the hole 937,000 jobs. Obama tried to cherry-pick the worst month in order to claim the most credit he could possible for job growth, and managed to get both the month and the math wrong anyway. Obama and his strategists can cherry-pick all they like. This chart tells the real story of Obamanomics and job creation during his term.
Earlier today, on our post about the warning from a Democratic pollster about trying to use an “America is Back” slogan for Barack Obama’s re-election, commenter TopDog linked to a chart that explains very clearly why that strategy won’t work. Stanley Greenberg wants Obama to argue instead for a less-specific declaration that America is now headed in the right direction, and that Obama has gotten job creation kick-started already:
In 2009, we were losing 750,000 jobs a month. Our biggest banks and auto companies were on the brink of pulling down the whole economy. But we righted the ship. We did not tip into a Great Depression. And over the last 22 months, businesses have created more than 3 million jobs, the most since 2005 and more manufacturing jobs than since the 1990s. We still have a long way to go but we have restored hope and possibility to the economy.
This chart from the Bureau of Labor Statistics utterly destroys that argument. The BLS measures the percentage of working-age adults currently employed in the population — and as can easily be seen, three years of Barack Obama has not made any dent in the trough created by the recession:
That is not recovery. It’s not even a start to a recovery. By cherry-picking 22 months, the best Greenberg can claim is job growth of 136,370 jobs per month, which would barely exceed the needed job growth per month to keep up with population growth.
Why cherry-picking? I explained the issue when Obama tried using this claim during his Google+ hangout at the beginning of the month:
But why 22 months? Obama began his term in January 2009, and the recession ended in June 2009. What’s so special about March 2010? Well, not so surprisingly, that’s almost the nadir of employment during Obama’s presidency, which actually took place in February 2010, two years ago this month. Even if he’d picked the right month, it would still only have been 2.654 million, not 3 million. Calculating from the end of the recession, the net job creation from those 31 months is only 1.407 million, a wan 45,390 net jobs a month, far below the pace needed to keep up with population growth. Calculating for the entirety of his presidency, we’re actually in the hole 937,000 jobs. Obama tried to cherry-pick the worst month in order to claim the most credit he could possible for job growth, and managed to get both the month and the math wrong anyway.
But why 22 months? Obama began his term in January 2009, and the recession ended in June 2009. What’s so special about March 2010? Well, not so surprisingly, that’s almost the nadir of employment during Obama’s presidency, which actually took place in February 2010, two years ago this month. Even if he’d picked the right month, it would still only have been 2.654 million, not 3 million.
Calculating from the end of the recession, the net job creation from those 31 months is only 1.407 million, a wan 45,390 net jobs a month, far below the pace needed to keep up with population growth. Calculating for the entirety of his presidency, we’re actually in the hole 937,000 jobs. Obama tried to cherry-pick the worst month in order to claim the most credit he could possible for job growth, and managed to get both the month and the math wrong anyway.
Obama and his strategists can cherry-pick all they like. This chart tells the real story of Obamanomics and job creation during his term.
Posts: 6126
02/24/12 05:43 PM
02/24/12 05:52 PM
Posts: 32812
02/24/12 06:30 PM
TheWhiteRabbit wrote: More stuff from Archimedes that will never see the light of day, how interesting.
02/24/12 06:32 PM
TheWhiteRabbit wrote: Yep Licorice, that's why it's more important than ever for people to donate to their candidate of choice this election cycle, we cannot let a bunch of fat rich fuckers pick our President. It's obscene what is going on in the GOP primary right now, with each candidate beholden to their very own sugar daddy..and then campaigning on those issues that their sugar daddy is devoted to (like dear ol' Sheldon and his Iranian warlust). Small donors need to make their voices heard or else we're giving this thing away to bazillionaire businessmen. Fortunately, Obama seems to be doing the best with small donors right now whereas Romney seems to be sweeping up more affluent benefactors.
02/24/12 06:35 PM
Posts: 6356
02/24/12 06:39 PM
02/24/12 06:42 PM
02/24/12 06:45 PM
Yes, and then those numbers get picked through and then the media spins it's narrative on the economy.
Posts: 42402
02/24/12 06:48 PM
Admin/Play-By-Play Guru SKYNET is SELF-AWARE!
B DeBrun wrote: TheWhiteRabbit wrote: Yep Licorice, that's why it's more important than ever for people to donate to their candidate of choice this election cycle, we cannot let a bunch of fat rich fuckers pick our President. It's obscene what is going on in the GOP primary right now, with each candidate beholden to their very own sugar daddy..and then campaigning on those issues that their sugar daddy is devoted to (like dear ol' Sheldon and his Iranian warlust). Small donors need to make their voices heard or else we're giving this thing away to bazillionaire businessmen. Fortunately, Obama seems to be doing the best with small donors right now whereas Romney seems to be sweeping up more affluent benefactors. Beefcake etal keep talking about a 1B war chest for Obama. Where's the big donors chart for the rest of the dough?
A surprise donation Thursday from comedian Bill Maher made a Super PAC supporting President Obama $1 million richer.
The promise of the big check came during a live performance of Maher's stand-up show, CrazyStupidPolitics. Maher tweeted later that the donation to Priorities USA Action had been a surprise to Yahoo!, which broadcast the show.
"I would like to announce tonight a donation to the Obama super PAC which has the very unfortunate tongue-twister name Priorities USA Action. I know, it was named by Borat," Maher joked.
"Tonight I would like to give that PAC $1 million dollars," he added more seriously, to cheers from the crowd.
The Obama campaign earlier this month announced its support of Priorities USA as a source of funding for the president's re-election campaign.
"Most important advice I ever got in show business, as true today as then: always bring ur wallet onstage," Maher tweeted before the performance.
02/24/12 06:49 PM
Posts: 21535
02/24/12 06:51 PM
Thinks astrology is real
02/24/12 07:10 PM
Posts: 14285
02/24/12 07:45 PM
Beefcake wrote:The billion dollar warchest comes from how much Obama had in 2008. He'll have plenty. The general election hasn't started yet.
02/24/12 07:59 PM
02/24/12 08:25 PM
More stuff from Archimedes that will never see the light of day, how interesting.
02/24/12 09:08 PM
02/25/12 02:49 AM
Posts: 1529
02/25/12 08:07 AM
DelosWorld wrote: That's gonna make gold and other commodities skyrocket.
02/25/12 08:11 AM
DelosWorld wrote:Didn't McCain limit himself to the public funding? Obama pulled out of that despite his original promise.
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