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Propaganda Debunking

progree

(10,890 posts)

4. Thanks for the full quote. On unemployment: Bush from 4.2% to 7.8%. Obama: 7.8% -> 5.3%

Reply to Curmudgeoness (Reply #3)

Tue Jul 14, 2015, 03:30 PM

Jul 2015

And on payroll jobs:
Bush: +1.3 million
Obama: +7.7 million (thru May)

On labor force participation -- of course what they say is that millions have quit looking because there are no jobs out there -- and therefore they are not counted in the unemployment statistics (one must have looked for work in the last 4 weeks in order to be counted in the official unemployment rate statistic U-3).

The Council of Economic Advisers and the Bureau of Labor Statistics says about half the drop in the LFPR is due to boomer retirements, about 1/4 is due to a still difficult economy (but a hell of a lot better than what Obama inherited), and about 1/4 is, well, a head-scratcher.

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Highlight:

"On working harder and longer, Jeb! meant all those part-timers (because of Obamacare)" [View all] progree Jul 2015 OP

Voting Republican DJ13 Jul 2015 #1

Sad, but true. nm progree Jul 2015 #2

I don't even buy his explanation Curmudgeoness Jul 2015 #3

Thanks for the full quote. On unemployment: Bush from 4.2% to 7.8%. Obama: 7.8% -> 5.3% progree Jul 2015 #4

Big brother george loved hard workers. The more the merrier. Stellar Jul 2015 #5