'We Have Recovered': Obama Touts Success Amid Unemployment Dip

[jpak]

Source: NBC News

Buoyed by wage-gains and record low unemployment, President Barack Obama underscored on Friday that his administration's efforts have helped usher in an economic recovery.

"We should be proud of the progress we have made," Obama told reporters during an appearance at the White House press briefing. "We have recovered from the worst economic crisis since the 1930s."

U.S. employers added 151,000 jobs in January, a deceleration from recent months as companies shed education, transportation and temporary workers but hired others in manufacturing, retail and food services.

The unemployment rate dipped to 4.9 percent, its lowest level since early 2008.

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Read more: http://www.nbcnews.com/business/business-news/we-have-recovered-obama-touts-success-amid-unemployment-dip-n512256

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There he goes again, dividing 'Merica.

[Erich Bloodaxe BSN]

1. Dunno who 'we' is.

I'm making maybe 30% of what I did at the beginning the Obama presidency, after being unemployed for almost all of it.

[whatthehey]

5. Data are not concerned with individuals

There are over 7 million unemployed and lots of reduced earners.

But there are millions more employed and increased earners as the data show. To say your individual case refutes or is even material to aggregate data is the same as saying an individual anorexic means we are not seeing a burgeoning of obesity.

[Erich Bloodaxe BSN]

6. Certainly.

And that's my point - the 'recovery' has passed a lot of people by, not just me. Remember the early stats - 93% of the 'recovery' went to the richest among us. That number might, might have dropped a little, but the 'recovery' was still mostly among those who were already wealthy, not the rest of us.

[cstanleytech]

11. Which isnt Obamas fault though, if anyone is to blame the Republican are imo as

they showed far more interest in working again him and the majority of the American people than anything else.

[houston16revival]

2. Sorry

long term unemployed and older Americans are still shunned by corporate America

Experience, experience, experience

References, references, references

and I suspect it's not much better for black or inner city job seekers

[randys1]

4. So the miraculous recovery from the complete disaster, fuck that, eh...Nothing to see here?

god DAMMIT i am sick of hearing this SHIT on DU

[houston16revival]

7. It is what it is

and reality is better for some, but not for all

Suppressing reality with anger is really just a form of denial.

Doesn't change it.

[randys1]

8. What does "suppressing reality with anger" mean?

Obama has literally saved America, even WITH the UNPRECEDENTED obstruction he faced.

And yet some who allegedly are liberals, dont see that, and I dont care anymore why, I am just sick of it.

[houston16revival]

9. -

"god DAMMIT i am sick of hearing this SHIT on DU"

[randys1]

10. But my anger is directed at people who arent giving Obama the credit he deserves

it is almost as if you dont know what he has done

or that you dont recall the condition we were in when he took over

[houston16revival]

15. You're the one who's telling the tale with the words you posted

Obama hasn't helped me one bit.

He was too soft with the GOP and too Wall Street in his policies

and after all that 2008 liberal campaign rhetoric.

He's more Reagan and Lincoln than he is FDR

He's waxed left and then right on the environment

Cap & trade, drilling regulations along with more drilling permits
offshore

[randys1]

3. And whether it is a vet receiving nice big monthly PTSD checks or someone benefiting with

a job, nobody on the right will give Obama credit when in fact he has been a fucking magician.

Yes, there are vets on the left who understand it is OBAMA who got them that check.

[bigwillq]

12. It's nice for those who now have a job

Cheers to them.
But the economy, and this country, is still a mess, imo.
The 1% is living large but so many are still struggling, even those with a job. Sad times.

[Skittles]

14. 150,000 new jobs last month

that barely keeps up with new grads

saying we have RECOVERED is like saying MISSION ACCOMPLISHED

http://www.latimes.com/business/la-fi-jobs-report-20160205-story.html

[OilemFirchen]

13. .4% from full employment.

Running a Presidential campaign with the promise of extending the Obama legacy is a virtual guarantee of success.

[Odin2005]

16. Absolutely idiotic and tone deaf on the part of the president

This is insulting BS to the vast majority of Americans for whom the growth has not trickled down. This is why Sanders MUST be the nominee, Clinton has tied herself to this failure of a "recovery".

[OnlinePoker]

17. 64 straight months of employment gains.

I just did the calculations from the following BLS chart. Since October 2010, when this string of increased employment began, 12.916 million more Americans found employment.

http://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth

The unemployment rate is now less than it was when BHO took office by .1%

http://data.bls.gov/timeseries/LNS14000000