worst downturn since the Great Depression.

I am so sick of this line. Also the Obutthead claim that he inherited y the worst economy since the great depression. What do you call the 10.1% unemployment, double digit inflation, and 19% prime i nterest rate that Reagan inherited?

Here’s the ranking of average Employment-Population ratio by Presidency:

63.4% Clinton Presidency (January 1993 – December 2000)
62.7% G.W.Bush Presidency (January 2001 – December 2008)
62.2% G.H.W.Bush Presidency (January 1989 – December 1992)
59.9% Reagan Presidency (January 1981 – December 1988)
59.1% Carter Presidency (January 1977- December 1980)
58.7% Obama Presidency (January 2009 – July 2012)

Obama is officially worse than Carter.

And the August 2012 numbers, at 58.3, were four-tenths of a point below Obama’s own average. He hasn’t been above his average since August 2009.

Each and every month of the Obama Presidency has “featured” an Employment-Population ratio that was lower than it ever was under President George W. Bush.

The worst month under Bush was better than the best month under Obama.

One worker enters, as FOUR workers leave!

…

Sorry, i forgot who I stole that from. Someone else deserves credit for that.

Check out the resulting graphs here:

http://www.sixteensmallstones.org/?attachment_id=1423

Both graph one and graph two have drastic changes at almost the exact same dates.

Both show a drastic drop-off right after the 2000 election, and then an almost equally abrupt spike up into 2001. The second chart shows a bigger spike than the first.

Then both charts fall off a cliff in late 2001. They bottom out in late ’03 or early ’04 and start rising again after the ’04 election.

then in 2007, Democrats take control of congress. The economy takes one look at Pelosi and jumps off a cliff, only to tread water for about a year, until it became apparent that Obama was about to be President and Democrats had huge majorities in both houses. Coincidentally, we had a gigantic credit crisis at exactly that time.

Finally, in late 2009 the economy went spiking back up suddenly on both charts. Coincidentally The Obamacared debate and the Tea Party are both beginning to gain national attention.

In early 2010, the Tea Party fails and Obamacare is signed into law. The economy has tucked tail and cowered ever since.

If you flipped either one of these graphs upside down I’d bet one dollar that it would look like a graph of gas and food prices. Close enough for government work, anyway.

If Obama and Reid are not sent packing in November, we will see another cliff. We might see one regardless of what happens in our little world of American politics. Israel might decide that they need to plant a mushroom farm in Iran regardless of who wins. Obama could just decide to veto an extension of the tax rates out of spite after losing the election.

here’s definitely going to be more hiring this month in preparation for the holiday shopping season. You combine that with hundreds of thousands dropping out of the labor force and the media will hype a recovery in jobs.

Wigglesworth on September 7, 2012 at 12:59 PM

That’s what seasonal adjustments are supposed to take out of the number. However, that adjustment can be subject to manipulation.

There’s definitely going to be more hiring this month in preparation for the holiday shopping season. You combine that with hundreds of thousands dropping out of the labor force and the media will hype a recovery in jobs.

Wigglesworth on September 7, 2012 at 12:59 PM

This could end up being a HUGE backfire though. The fact that everyone knows hiring picks up as fall starts means that more people will re-enter the laborforce and could in fact drive the rate back up.

WTF? Are you trying to say you think it would be best to make the economic arguement moot? …

HoustonRight on September 7, 2012 at 12:33 PM

NOT AT ALL! But I am saying… don’t put all our eggs in one basket. Take leads on every issue. What’s wrong with that?

There’s definitely going to be more hiring this month in preparation for the holiday shopping season. You combine that with hundreds of thousands dropping out of the labor force and the media will hype a recovery in jobs.

Wigglesworth on September 7, 2012 at 12:59 PM

Yes, but most people know that hiring at this time of the year is seasonal and temporary – especially the people being hired.

The other consideration is whether or not retailers expect a robust holiday season. Looking at gas prices, food prices, reduced incomes, and consumer confidence numbers, etc. I can’t believe the season will do much for the Dems.

Do not overlook almost a 14% unemployment in the black community, they know it, it’s distressing…they know they have been overlooked and shoved aside.

right2bright on September 7, 2012 at 12:31 PM

….and many of them won’t throw Obama under the bus…but are not going out of their way to defend either…..
…………do not expect great turnout numbers from the black community in this election.

I don’t know if you guys have seen this yet, but the male labor participation rate is 69.9%. That’s the lowest since…1948. Do you know what that means? In terms of men in America, Obama’s economic policies have erased the entire population growth of the baby boom generation, and men are at levels not seen in over 60 years. Astonishing. Obama’s War on Men continue.

Weight of Glory on September 7, 2012 at 12:33 PM

In 1948, the male labor force participation rate was around 87% and the male employment-population ratio was around 84%. These statistical series begin in January 1948, so the current LFPR for men of 69.8% is the lowest on record, but the numbers were actually far higher when they first began recording these statistics than now (though much of this change is due to aging of the relevant population, which includes everyone 16 or older).

Prediction:

Romney wins and on January 21st, 2013, the MSM rediscovers “The Recession” phrase.

dirtseller on September 7, 2012 at 12:44 PM

… and if by January 31, 2013 the GDP is not growing at 3%+ annual rate and unemployment is not below 7%, the Romney presidency will be solemnly pronounced a failure. They might give him until February 1.

Cody1991 on September 7, 2012 at 12:27 PM

No more so than the rest of us.

Welcome to the party, pal. We’ve been at this point for years.

98ZJUSMC on September 7, 2012 at 12:42 PM

After the DNC convention in 2004 and watching BO’s speech I figured he would get the nod in 2008 despite the Clintons still hanging about. I started digging into BO’s history.

For me these have been long years of worry. Four of those were dreading what seemed to be an inevitable outcome of a 2008 BO win and four years of misery with a BO “presidency”.

Watching BO and his fawning MSM attempt to create a fantasy world where everything is great while living the reality has made me truly, truly angry.

Forcing people to live without hope, forcing hard working people to apply for Food Stamps (never seen anything like this) or deciding that applying for Disability Benefits is the only thing they can do – just to survive – is unforgivable.