Showing posts with label 3 million jobs. Show all posts
Showing posts with label 3 million jobs. Show all posts

Thursday, September 6, 2012

Bill Clinton Spitting Lies

Bill Clinton Spitting Lies

The amount of lies and misrepresentations spit out by Bill Clinton was staggering. Some of the lies were sticky and one in particularly stuck to his lip for the entire speech. The slobber on his lip must have distracted many Americans who watched his speech.

We have known that the media has a slobbering love affair with President Obama, but come on! Ok, as a member of TheSlobs.org, we have no room to talk. So, let's get down to business...

The Clinton speech was a target rich environment for fact checking. In the interests of my own sanity, let's pick just one very important lie.
"So here is another jobs score. President Obama: plus four and a half million. Congressional Republicans: zero."
President Clinton credited President Obama with creating jobs and preyed upon the ignorance of most Americans by failing to credit the tea party congress with any job creation.

Enter the dragon, otherwise known as truth by the U.S. Department of Labor, Bureau of Labor Statistics.  We will be using the number of employed Americans. These are not seasonally adjusted employment numbers because those adjustments are just guesses. However, you should consider that as the population of adults grows, more people should be employed. This is decidedly different than using unemployment numbers.

Job growth 2002 to 2007 under President George W. Bush

George W. Bush 10.098 million jobs were created
The 107th Congress, Jan. 2001 to Jan. 2003, the House of Representatives was Republican controlled while the Senate was Democrat controlled. The 108th Congress and 109th Congress, Jan. 2003 to Jan. 2007, were completely under Republican Control. Through this period, 10.098 million jobs were created.

Job growth 2007 to 2011 under Senator/President Barack Obama and Democrat control of Congress


In January 2007 the Democrat party took control of both houses of the 110th Congress. The 111th Congress continued absolute Democrat control, but added the Presidency of Barack Obama. It takes between 6 months and one year for fiscal policy to affect the economy. The Congress controls fiscal policy. The "Impeach Bush" congress began to pursue economically destructive policies. The result was the loss of 10.506 million jobs.
Democrats Kill 10.506 million jobs

The economy hit rock bottom in January 2010. It was an election year, which typically is a positive for the economy. Tea parties formed and started calling for economic sanity. Restrictions were requested for crony capitalist programs, including the bankruptcy of GM in which unions were given stolen money from thousands of bond holders. There was an economic bounce of 3.3 million jobs as Americans gained confidence due to the tea party.

The bounce ended on March 23, 2010 as the Patient Protection and Affordable Care Act passed without any Republican support. Over the next two months, Americans learned how destructive the law would be for economic and personal freedom and 2.525 million jobs evaporated. It was clear that the Senate would likely remain Democrat controlled in the November 2010 elections, fading hope for an immediate repeal.
Affordable Health Care Act immediate Economic Impact

Job growth 2011 to present under Tea Party Control of Congress

Once the tea party gained control of the 112th Congress in January 2011, confidence began to return. Occupy Wall Street and other Democrat attacks demonized the calls for responsibility as "racist." Despite the constant legal and media attacks against the tea party, the majority of Americans heard the tea party economic solutions through alternative media like The San Diego Local Order of Bloggers.

Obama Created .79 million Jobs
The Democrats and President Barack Obama can rightfully claim .79 million new jobs from the absolute bottom of the recession. The tea party was not in congress and it is only fair to point out that some job growth occurred. If not for the Affordable Care Act, the economy may have launched upon a typical strong recovery path.

The tea party congress has brought 5.527 million jobs through July 2012. Much of that growth is due to opposing additional damaging Democrat policies. Another factor is simply restored confidence that grownups are in control of the House budget committee under Chairman Paul Ryan. The House of Representatives controls the federal budget and passed the Paul Ryan budget in April 2011.

Tea Party Responsible for 5.527 million Jobs
The Democrat party did not pass a legally required federal budget for three years while in complete control of the government. The Democrat controlled United States Senate said no to the Paul Ryan budget and has left many jobs bills stalled. There is hope that some recent jobs bills will be approved in the Senate because Democrat control is up for vote during this year's election.

It is fair to say, that Democrat economic policy from Jan. 2007 through Jan. 2011 caused massive job loss.

P.S.

Here is a graphic with the relevant data in one pretty spot for your sharing, slobbering and blogging needs.

Democrat and Obama Economy saved by the Tea Party


One other Democrat deception of note:

Gov. Mitt Romney took Massachusetts from 50th in employment to 28th.
This is a common Obama campaign talking point, but Patrick’s phrasing (“by the time he left office”) makes it especially inaccurate. The 47th ranking is the average for Romney’s entire term, when in fact Massachusetts started out at 50th place and ended up at 28th by the end of Romney term.

Sunday, February 26, 2012

Obama Lies About Creating 3 Million Jobs: Democrat Policy Since 2007


Once again President Obama and Media Matters have been inundating "popular culture" shows with propaganda that must be corrected. The old saying by the "first television politician" that "a lie repeated enough becomes the truth" has been the core progressive propaganda tactic since the 1930's. The current grand lie is that Obama created 3 million jobs, which we dismanted with raw facts from the U.S. Department of Labor, Bureau of Labor Statistics.

We are adding to our previous discussion by stepping back to the larger economic situation behind the Great Recession. This is a subject that the mainstrem media will not touch.  Democrats took over congress in the November 2006 election. Any Keynesian economist will tell you that policy takes about a year to fully impact the economy, so lets look at how the Democrats crashed the economy to win the oval office and "pass the toxic baton to Barack Obama." Let us not forget that Barack Obama was one of the Democrat senators who passed these policies and killed 10.5 million jobs, destroyed housing, crashed the stock market and inflated gasoline and energy prices.
In November 2006, the Democrats swept congress despite a decent economy and progress in Iraq by villifying George W. Bush. Nancy Pelosi became the Speaker of the House of Representatives. From January 2007 through January 2011, Democrats controlled every aspect of economic policy in America. Bush was a lame duck and politically powerless.

In January 2007, the price of gasoline averaged $2.11 per gallon in the U.S. On February 7, 2007, the Democrats and the 110th Congress began enacting policies. Upon implementation of Democrat economic and political policy the price of gasoline skyrocketed.
By July 2008, the price of gasoline had reached $4.12 and the economy collapsed.
  • The stock market was 12,556.08 in January 2007. It peaked in May 2008 at 13,058.20 and fell to 6,626.94 on March 6, 2009.
  • Unadjusted employment peaked in July 2007 (147.315 million) and seasonally adjusted employment peaked in November 2007 (146.595 million).
  • Unadjusted employment continued at the same level until August 2008 (145.196 million).
  • Housing prices had plateaued in 2005 but the market remained stable until mid 2007 when gas prices began relentlessly reducing disposable income.

After the tea party and Republicans took back the House of Representatives in January 2011, the economy stabilized and improved. At the depths of the recession in January 2010, unadjusted employment fell to 136.809 million.  Unadjusted employment in January 2011 remained down at 137.599 million. This means that Democrats and President Obama can, at best, be credited with the creation of 790 thousand jobs (unadjusted) after destroying nearly 10.5 million jobs (unadjusted) between mid 2007 to January 2010. In January 2012 unadjusted employment improved to 139.944 million. The bulk of jobs (2.3 million) created during the weak Obama recovery occured since Republicans and tea party members have retaken congress and established economic confidence.
So the facts of the matter are as follows:
  • Democrats took control of Congress and the Senate in January 2007.
  • The Housing Bubble, created by Democrats, began crashing in 2007 with the additional pressure from gasoline and energy prices.
  • Democrat policies pushed up gas prices through July 2008.
  • Employment peaked in July 2007 and crashed in September 2008.
  • The stock market peaked in July 2008 and crashed in September 2008 when it became probable that Democrats would add the White House to their list of control.
  • The toxic economy elected Barack Obama who took office in January 2009 and all confidence evaporated.
  • February 2009, tea party protests began due to the economic outlook of adding taxes during a recession. This blog, Doo Doo Economics, began appealing to Democrats for rationality. "Raising taxes in a recession is Doo Doo Economics"
  • While Democrats held the legistaltive and executive branches, the economy suffered the Great Recession.
  • Keynesian economics, which has not worked in 40 years, was used as justification to waste $789 billion in stimulus for "not as shovel ready as we thought" jobs. The short term jobs evaporated by January 2011.
  • The national debt grew by about 33% in 3 years as Chicago cronism made 7 of the 10 richest neighborhoods in America adjacent to Washington D.C.
  • From 2009 through 2011, Democrat policies failed to improve the toxic economy from the loss of 10.5 million jobs.
  • Republicans took back the House of Representatives in November 2010 and the economy began to recover at the new lower production frontier.
  • More than two thirds of job recovery has occured since conservatives took back control of one third of federal government economic policy.

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