Perhaps, just maybe...

[ElNono]

By Barack Obama's own estimates, had he done nothing and allowed market forces to work, we'd be at 6.0% unemployment, right now.

Now you know why they're called estimates... what does that has to do with the failed 'trickle down' that got us here in the first place?

[Yonivore]

Now you know why they're called estimates... what does that has to do with the failed 'trickle down' that got us here in the first place?

It was on those estimates Obama sold his failed stimulus plan.

[ElNono]

It was on those estimates Obama sold his failed stimulus plan.

Is that supposed to be a revelation?

Again, why won't you answer the question: What does that has to do with failed trickle down?

[Yonivore]

Is that supposed to be a revelation?

Again, why won't you answer the question: What does that has to do with failed trickle down?

I can't help if you've not been following the thread.

[ElNono]

I can't help if you've not been following the thread.

I'm not asking for help. I'm asking you to defend the failure that put us in this hole and that you were happy to champion back in the day.

The point of connection with this thread is that economic policy fail isn't exclusive to this administration.

Lastly, estimates are not exact science like you pretend to portrait. As much as you like to point out that by his own estimates unemployment would've been at 6% if he had done nothing, it could just as easily be argued that such estimates being wrong overall, unemployment could've easily been above of what it is without stimulus. Or as other people has argued, the stimulus was not nearly enough.

But it's all revisionist history anyways. We know that the stimulus as passed and executed didn't work well. That's not a revelation. We also know that trickle down before it was an abject failure too.

[DMX7]

What does it say that Clinton, who led a world-beater economy, thinks that Obama has generally made the right moves on the economy and that Bush's economy ing sucked and left Obama in a giant gaping whole to climb out of?

[Yonivore]

What does it say that Clinton, who led a world-beater economy, thinks that Obama has generally made the right moves on the economy and that Bush's economy ing sucked and left Obama in a giant gaping whole to climb out of?

I don't know, what does it say?

[ElNono]

What does it say that Clinton, who led a world-beater economy, thinks that Obama has generally made the right moves on the economy and that Bush's economy ing sucked and left Obama in a giant gaping whole to climb out of?

Clinton had a Republican Congress willing to work with him. No such luxury for Barry.

[DMX7]

I don't know, what does it say?

It says Bush failed and Obama is doing the best that can be done with an asshole controlled house and filibustering senate.

[Yonivore]

I'm not asking for help. I'm asking you to defend the failure that put us in this hole and that you were happy to champion back in the day.

I've already posted what I believe put us in this hole.

Lastly, estimates are not exact science like you pretend to portrait. As much as you like to point out that by his own estimates unemployment would've been at 6% if he had done nothing, it could just as easily be argued that such estimates being wrong overall, unemployment could've easily been above of what it is without stimulus. Or as other people has argued, the stimulus was not nearly enough.

Well, that was kind of the point of the UCLA paper posted in the OP.

But it's all revisionist history anyways. We know that the stimulus as passed and executed didn't work well. That's not a revelation. We also know that trickle down before it was an abject failure too.

I'm not so certain George W. Bush was such a big supply-side cheerleader, anyway.

The point of the thread is that the current administration came in on promises of fixing the worst economy since the Great Depression (a lie) within 3 and a half years (a failure). They did this with estimates such as are contained in that graph in the OP.

The crux of the UCLA study is that, perhaps, FDR's stimulus programs actually prolonged the Depression by 7 years and that he just allowed free-market economics work, we would have emerged that many years earlier.

Under George W. Bush, economic regulation went up -- Sarbanes-Oxley, McCain-Feingold, attempting to reign in Fannie Mae and Freddie Mac with more regulation (smacked down by Democrats several times), etc...

But, the fact remains, Barack Obama inherited an economy in similar shape to the one inherited by Ronald Reagan. You tell me during which administration the economy improved.

[Yonivore]

It says Bush failed and Obama is doing the best that can be done with an asshole controlled house and filibustering senate.

Even if I accept the premise, it's apparent Obama's best doesn't even approach the success enjoyed by previous presidents who inherited similar economies.

Obama isn't working, time for someone else to give it a shot.

[Yonivore]

It says Bush failed and Obama is doing the best that can be done with an asshole controlled house and filibustering senate.

Oh, what's your excuse for Obama's failure from January 21, 2009 to January 1, 2011? His party controlled the House and had a super majority in the Senate.

Still, he had to bribe Senators into voting for Obamacare.

Still, he failed to pass an economic plan that even pretended to turn the economy around.

Still, his party twiddled their thumbs.

[DMX7]

Do you even know what SOX and McCain-Feingold are?

[DMX7]

Oh, what's your excuse for Obama's failure from January 21, 2009 to January 1, 2011? His party controlled the House and had a super majority in the Senate.

Oh, and the super-majority is a myth.

[Yonivore]

Do you even know what SOX and McCain-Feingold are?

Proof Bush wasn't the deregulatory monster he's been made out to be?

[Yonivore]

Oh, and the super-majority is a myth.

From July 8, 2009 to December 31, 2010, there was a Super Majority of Democrats in the U. S. Senate.

[DMX7]

Proof Bush wasn't the deregulatory monster he's been made out to be?

Nice shot in the dark, but if you actually knew the substance of the laws YOU just cited, then maybe you'd sound like less of a hack.

[ElNono]

I've already posted what I believe put us in this hole.

You have a short memory... or you're a partisan hack. I'll take the latter one.

Well, that was kind of the point of the UCLA paper posted in the OP.

The paper doesn't say the policies didn't work. We know they worked, we got out of the Great Depression.

I'm not so certain George W. Bush was such a big supply-side cheerleader, anyway.

His tax cuts for the rich disagree and it's simple to look up where the distribution of wealth has gone during that period. Barry isn't immune to this criticism: he followed the same failed policy.

The point of the thread is that the current administration came in on promises of fixing the worst economy since the Great Depression (a lie) within 3 and a half years (a failure).

Never did such thing. You'll have to back that up. As a matter of fact, the economy went absolutely into the ter exactly around the election, one month after the TARP passed.

lol revisionist narratives

But, the fact remains, Barack Obama inherited an economy in similar shape to the one inherited by Ronald Reagan. You tell me during which administration the economy improved.

Uh? Reagan inherited an expanding economy with a growing GDP.

Which happens to be what dubya received, the proceeded to it up royally.

[DMX7]

From July 8, 2009 to December 31, 2010, there was a Super Majority of Democrats in the U. S. Senate.

lol, Arlen Specter and independent democrats like Joe Lieberman make up this super-majority you speak of? A technicality is substantively different from a de facto super majority.

[ElNono]

The only president to receive a similar economic situation was Herbert Hoover, a one term abject failure.

The reality is that when you're handed such pile of there's simply not much wiggle room. Takes time to recover confidence.

[ElNono]

It's not that Herbert Hoover didn't try, it just that these major ups aren't fixed overnight.

[LnGrrrR]

Just throwing this out there. Barack Obama isn't working.

CLICK IMAGE TO VISIT WEBSITE.

I thought Clinton was a horrible president though? And Bush was fantastic?

[clambake]

Just throwing this out there. Barack Obama isn't working.

CLICK IMAGE TO VISIT WEBSITE.

didn't realize that jimmy wiped the floor with w.

[Yonivore]

You have a short memory... or you're a partisan hack. I'll take the latter one.

Or, neither.

The paper doesn't say the policies didn't work. We know they worked, we got out of the Great Depression.

Re ing the recovery and extending the Depression 7 years isn't "working," except in your world.

His tax cuts for the rich disagree and it's simply to look up where the distribution of wealth has gone during that period. Barry isn't immune to this criticism: he followed the same failed policy.

Because both of them realized -- until now, of course -- that you don't raise taxes on producers in the middle of a recession.

Never did such thing. You'll have to back that up. As a matter of fact, the economy went absolutely into the ter exactly around the election, one month after the TARP passed.

lol revisionist narratives

TARP was the stupidest thing President Bush did. Well, it is up there with ever thinking Teddy Kennedy would act in good faith. The second stupidest thing he did was releasing the second half of TARP money, he said he wouldn't spend, so Obama could hit the Oval Office with money to down the hole.

But, I admit, I was wrong, it was a three (not 3 1/2) year promise (Bill Cinton's thrown in for good measure)...



And, in fact, in 2010, we followed Bill Clinton's admonition and took back the House and neutered the Senate. I think we plan to finish the job in November.

Worst economic crisis since the Great Depression canard...
The First Presidential Debate

"You know, we are at a defining moment in our history. Our nation is involved in two wars, and we are going through the worst financial crisis since the Great Depression."

It's been on continuous loop ever since...

"Right now, we're fighting our way back from the worst economic crisis since the Great Depression."

Of course, in the interim, when it became apparent his policies were making things worse, not better, President Obama laughingly claimed things were much worse than he thought, going in.

So, the worse economic crisis since the Great Depression and, yet, worse than he thought? Hmmmm...

Uh? Reagan inherited an expanding economy with a growing GDP.

Which happens to be what dubya received, the proceeded to it up royally.

Reagan and Obama inherited the same unemployment rate, 7.5%. One's went one direction while the other's went the other direction.

[Yonivore]

I thought Clinton was a horrible president though? And Bush was fantastic?

Clinton had benefit of a Republican Congress for most of his presidency.