Business

This Jobs Chart Will Scare You and Put Things Into Perspective

After the Labor Department released its “dismal” jobs report this morning, Business Insider thought it would be useful to revisit the following chart from from Bill McBride at Calculated Risk:

This Jobs Chart Will Scare You & Put Things Into Perspective

Click to enlarge.

Wait a minute. What are we looking at here?

“What it shows is the trajectory of job losses and gains from the start of the recession and the ‘recovery’ compared to all other post-WWII job losses and recoveries,” Business Insider’s Joe Wiesenthal explains.

“As you can see, this collapse was totally unprecedented compared to past ones, and the recovery was far weaker than any others,” he adds.

But don’t worry, Rep. Barney Frank (D-MA) says President Obama has helped turn this economy around.

Comments (175)

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  • spfoam1
    Posted on June 1, 2012 at 4:47pm

    Look at the red 2007 line and then ask who just took control of Congress then. This shows the economy falling off a cliff when the democrats took control of Congress, and it also shows a lame “recovery” with Obama at the helm with full control of 3 branches of the Federal government. Democrats = fail.

    Report Post »  
    • Independent4233
      Posted on June 1, 2012 at 5:28pm

      I hate to keep harping on this, but we’ve got problems heading our way as part of a series of falling dominoes. Spain has just reached the financial critical care unit, while Greece is still falling, as well as Italy…which will be the next to reach critical mass. Portugal, Ireland and the old Eastern bloc countries are as close to a depression as they can get without being globally recognized as a full-blown depression.

      Many people think European debt problems do not affect us. But they do. The banking systems of the US and Europe are closely tied. As Europe goes, so goes the United States. Bank runs are beginning now, and bank runs are precursers to bank collapses, which are, in themselves, precursers to governmental bankruptcy, involving the cessation of most public sector jobs, pensions and a drastic reduction in active duty police and military.

      The next step after that is chaos in the street.

      I know I sound like a doom and gloomer, but I’m not exaggerating one iota. Check it out yourselves. You can start with http://www.trendresearch.com, Peter Schiff’s blog, Marc Faber (Who says the probabability of a second recession is100%.

      Glenn keeps saying prepare….prepare….prepare….That’s really good advice.

      It’s almost criminal the way the US press is ignoring the calamity now taking place throughout the European economies.

      Report Post »  
    • Reason365
      Posted on June 1, 2012 at 5:42pm

      Everyone knows that the liberal mindset can’t be changed. They know deep down that their ideas are ( let’s just say it) dumba$$ery of the highest order. Yet they can’t let “ the good of the country” get in the way of their power grabs. They know that when they came to power in 2007 that things would go down hill. Look at all the blue areas of the country. They all 100% suck.

      Report Post »  
    • Unix
      Posted on June 1, 2012 at 7:22pm

      Yep. liberals can ONLY do three things:

      1. Over-regulate
      2. Over tax
      3. Over spend

      As to independents post, I’ve been calling for this since 2006, and you are correct, so are those you mentioned. However, liberal progressive communists just shout them down as dumb, but in fact they are correct, we are headed for a world of HURT. If you’re not prepared now, do best you can to get there, time is running OUT….

      Report Post » Unix  
    • Micmac
      Posted on June 1, 2012 at 7:28pm

      @ independent

      Correct. People on this site don’t do the real research about our economy like where QE1, QE2, etc. really went, but make useless dispersions. With France now wholey socialist the Euro backing, LTRO and countries like Greece are in even more trouble. Germany will not do it alone. The EU and EB are just pushing the problem down the road. As we can see, attention is now turning to Spain. Greece is toast…it’s just when. Italy actually isn’t as bad as made out. The majority of Italians actually own there own homes and have tremendous family-stashed liquid assets. This is never talked about in the media but I talk to the people there often and they fell comfortable about their personal solvency. And barter is not an uncommon word to them. But if Europe goes, so do we, and it will be worse than the current collapse, and NO American politician and no infux of capital can mitigate it.
      Another site you may like is zerohedge.com. A little heady for a lot of people but if you get thru that is does have a sense of humor.

      NoBama 2012

      Report Post »  
    • TheCoffinMaker
      Posted on June 1, 2012 at 8:16pm

      How can there be a recovery when almost everything has gone to China?

      Report Post » TheCoffinMaker  
    • positive1
      Posted on June 1, 2012 at 8:25pm

      Take every line to a moment or event in history, for example the largest birth rate in history was after WW2, and the cliff you see on the chart is the working cycle of the baby boom population of WW2 , and the fact is, its affecting all of those countries involved in WW2. follow all collapses on the chart to point in the past 30-35 yrs you will find, for every action there is a reaction. Europe collapsed after the Habsburgs financial control of 600 yrs. failed….causing WW1 and WW 2…. look it up.

      Report Post »  
    • LouTheGecko
      Posted on June 1, 2012 at 9:17pm

      To Independent4233:

      “Almost???”

      Report Post »  
    • West Coast Patriot
      Posted on June 2, 2012 at 1:32am

      There is a storm approaching that is going to make everyones life a living heII for a while. It does not matter who is elected POTUS, it is coming. It has reached a point that there will be no turning back. What we have to ask ourselves is; What type of person do we want as Potus when this happens? Do we want Obama, who would certainly turn the keys over to the U.N., do we want Romney, who is backed by the same banksters that backed Obama/ Who is he going to be beholden to? I believe that I would rather have a person who truly, in his soul belives in the Constitution. Someone who will take their oath to protect and defend the Constitution, someone with the insight that we are going to need our troops here and not be spread so thin across the world when this storm is in full swing. What we do now, will have an impact on what our children and grandchildren will have to endure and take the blunt of. I want to see them have a future of freedom and not socialism or fascism.,

      Report Post » West Coast Patriot  
    • oneshiner
      Posted on June 2, 2012 at 10:30am

      @ SPFOAM1, Yep, the Democrats took over Congress and tied Bush’s hands the last 2 years of his term. During that time when Obama wasn’t running for Prez, he sat in congress voting “Present” because he couldn’t make a decision of an up or down vote, and we‘ve seen him run this country down to it’s knees with his hope and change when there was no hope and certainly the only change was bad news that has kept us in a depression far too long. But he seems to like it so he can control us better.
      While the Nation is in Limbo, his wifie has spent millions vacationing in the last 3 years. Man, when I spend more than a couple of thousand on a vacation, it hurts my gut, but not hers. she enjoys the advantage she has to use our money for her pleasures.

      Report Post »  
    • VoteBushIn12
      Posted on June 2, 2012 at 11:40am

      “Look at the red 2007 line and then ask who just took control of Congress then.”

      Obama‘s term started in 2008 soooo I don’t exactly see where you’re going with this. By the time Obama took office (12 months in to the graph), job loss had already passed its steepest decline.

      I understand that statistics are largely open to interpretation, but a graph is a graph… come on people. There are something you can blame “OBummer” for and some things you just can’t.

      If you want to argue he could have done more to get us out of the recession that’s fine – I would agree with you, no one is perfect – but arguing he put us INTO the recession is just absurd.

      If you want people to take your opinions seriously you need to start making sense (I’m not talking agreeable sense, I’m talking common sense).

      Report Post » VoteBushIn12  
    • Richalu
      Posted on June 2, 2012 at 4:53pm

      Votebushin12… The 110th Congress. Sworn into office in Jan. ‘06. Large Democrat majority. I’ll give you a moment to think about it.

      Report Post » Richalu  
    • RamonPreston
      Posted on June 4, 2012 at 3:40am

      United States of America 1776-2012

      Report Post » RamonPreston  
  • jakartaman
    Posted on June 1, 2012 at 4:41pm

    Tick tock – tick tock
    The world depression/economic collapse has begun.
    Governments have run out of road to kick the can.
    If you have any flat paper dump it now!
    Only keep what is necessary of $$ in the bank for current bills etc.
    Savings accounts should be emptied.
    The moral and economic collapse of civilization – decades of decadence – HELLO piper!

    Report Post »  
    • Nonutopian
      Posted on June 1, 2012 at 5:10pm

      Paper money will be valueless. Buy ammo, food and water.

      Report Post »  
    • West Coast Patriot
      Posted on June 2, 2012 at 1:34am

      I am way ahead of you, my savings account in my bank has a total of .03 in it at this point. I have my money, real money, hidden.

      Report Post » West Coast Patriot  
    • sillyfreshness
      Posted on June 2, 2012 at 3:27am

      I don’t get the misinformation we receive. Last year I heard our government declared the “Great Recession” lasted from May 14th, 2008 until July 21st, 2008 or a little over two months. We’ve also been told our economy is now going gang busters growing so much, but this chart shows the exact opposite. I also keep hearing if this isn‘t done or that isn’t done it will hurt our “economic recovery”-a recovery that I don’t see even exists.

      However, based on how short the first recession was in ‘08, a double dip will only last a few hours-if it even happens at all. I predict the next recession to last only 7 hours max. Based on previous propaganda from the government.

      The bottom line is there is no “recovery” going on like they claim. The recession of ‘08 is still alive and well and didn’t only last 9 weeks like the government says. The recession is still here and that’s why there is 8.x% unemployment still. There will not be a full recovery until people go back to work to produce things. Just tell all the millions of unemployed folks that the recession only lasted a few weeks back in 2008 and you’re liable to get punched. To them, there’s still a recession going on.

      Report Post » sillyfreshness  
    • RamonPreston
      Posted on June 2, 2012 at 11:52am

      @Nonutopian
      You forgot clothing unless it’s warmer where you are than where I am. Would freeze to death here. Also suggest non-GMO seeds and a water filter (your food and water is limited.) It’s going to be worse than people think. People are going to die here. The FEMA camps are ready.

      Report Post » RamonPreston  
  • PROSECUTE_PUBLIC_SERVANTS__FOR_CONSTITUTIONAL_TREASON
    Posted on June 1, 2012 at 4:36pm

    This is real change. Mission accomplished.

    Report Post »  
  • PETTYDRAMA
    Posted on June 1, 2012 at 4:28pm

    And all of you uneducated right wingers think this is soley a liberal issue. It covers administrations both republican and democrat. The problem in this country is the republicans and democrats, period!

    Report Post » PETTYDRAMA  
    • AvengerK
      Posted on June 1, 2012 at 4:36pm

      umm…the weakest recovery from a recession in living memory is solely Obama’s (D). If you can call it a recovery.
      Do you call 69000 new jobs in May a recovery? Maybe for Greece it’s a recovery.

      Report Post »  
    • JJStryder
      Posted on June 1, 2012 at 4:36pm

      Wrong! Liberal vs conservative!

      Report Post » JJStryder  
    • BlackCrow
      Posted on June 1, 2012 at 4:45pm

      Big spending RINO’S and bigger spending Communists. Why do you think RINOS are running scared of the Tea Party? It ain’t Communist v.s. RINO any more Mr. Troll, It’s establishment politicos against the people get on board or you are going to get ran over.

      Report Post » BlackCrow  
    • jonhova
      Posted on June 1, 2012 at 4:52pm

      @ PETTYDRAMA

      You almost get it…it is the Republicans AND the Democrats…now that you see 1+1=2 do you see that R+D=Big Government?

      There’s your answer; now go invest your effort into doing something about the size of government.

      Report Post »  
    • MONICNE
      Posted on June 1, 2012 at 5:00pm

      Some super-patriot folks just love to celebrate American misery instead of creating infrastructure or even allowing FAA contract funding to stabilize. Some think it’s a pure waste of TAX dollars.

      This trifling slow to climb ninety two percent employment is not good enough, especially when American productivity gains reach 112% year after year since 1990. Everybody getting a 12% per year raise? Well, frankly, some are!

      On the other side of the coin, the debt causes us to borrow under a shadow of extraneous Interest. If we just paid 5 or 6 Trillion of our 2001-2007 bills, we would reduce the “borrowing “more than 65%

      As a patriot, I believe in Fight As You Go! Put your taxes where your warfighters are.

      As long as we pay for the Military and for fighting wars without borrowing from China, I think we can increase pentagon spending as much as America is willing to pay for.

      If we had paid for the past 7 years by NOT cutting Taxes after we initiated the Iraq campaign, instead of financing with interest, the debt would be $5 trillion less and we would be paying 16 cents, not 44 cents on a borrowed dollar. The country has the assets, we are just too stingy to pay up.

      It’s like a rich daddy letting his children run up credit card debt until they go bankrupt and become “society’s problems.”

      TEA

      Report Post » MONICNE  
    • encinom
      Posted on June 1, 2012 at 5:15pm

      Maybe if the Republicans realives that their job wasn’t blocking Obama, but actually doing something the recovery wouldn’t have been so flat. Anti-Gay and Anti- Women legislation the House republicans are pushing isn’t creating jobs.

       
    • AvengerK
      Posted on June 1, 2012 at 5:30pm

      MONICNE/ENCINOM/SLEAZY HIPPO…Obama could have ended the wars in Afghanistan, Iraq and closed Gitmo immediately with the stroke of a pen within hours of taking office. Why didn’t he? Oh wait..he tried Gitmo didn’t he? LOL.
      Your mojoing deficit numbers is equally hysterical champ.

      Report Post »  
    • Sue Dohnim
      Posted on June 1, 2012 at 5:35pm

      @MONICNE

      “This trifling slow to climb ninety two percent employment is not good enough, ”

      ————————————————-
      This is a lie, the official unemployment rate is 8.2% of 63.8% of the population in the labor force. As the LPR dropped, the unemployment rate also drops, hiding the true unemployed. Also, 90.000 new jobs are needed per month just to keep up with the population growth.. BREAK EVEN

      The U6 is 14.8%
      U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force

      http://www.bls.gov/news.release/empsit.t15.htm

      Report Post » Sue Dohnim  
    • AvengerK
      Posted on June 1, 2012 at 5:42pm

      ENCIDIOT/MONICNE/SLEAZY HIPPO….Obama enjoyed a democrat dominated congress for nearly two years sport. How’s that stimulus working out? Oh yeah..a net loss of at least one million jobs and the highest underemployment rate since WWII…those pesky republicans..they must have used some kind of jedi mind trick to influence the filibuster proof house and senate that Obama enjoyed FOR NEARLY TWO YEARS.
      You getting the impression that because Obama has a record now…that your “those pesky republicans” line isnt’ cutting it anymore? Let’s try “Bain Capital” or “The War on Women”..oh wait..that failed too.

      Report Post »  
    • AvengerK
      Posted on June 1, 2012 at 5:44pm

      SUE…MONICNE/ENCINOM (they’re the same person) just says stuff ..whatever comes into his lefty head. It doesn’t have to make sense..just as long as he believes no one knows better.

      Report Post »  
    • chazmo
      Posted on June 1, 2012 at 6:03pm

      Hey back for more contributions to GB’s bank.. nice Petty.. He thanks you everyday..

      Report Post » chazmo  
    • encinom
      Posted on June 1, 2012 at 6:12pm

      AvengerK
      Posted on June 1, 2012 at 5:42pm
      ENCIDIOT/MONICNE/SLEAZY HIPPO….Obama enjoyed a democrat dominated congress for nearly two years sport.
      ________________
      Yeah thats a lie, cause while the Dems had more the 50% of the Senate, the GOP blocked nearly every bill with a fillerbuster. The GOP has used this to create an unconstitutional super majority requirement for every piece of legislation. The GOP has decided that political points were more important than doing their job.

      Report Post »  
    • gthog61
      Posted on June 1, 2012 at 7:06pm

      Most of us “uneducated right wingers” learned how to spell “solely” is about the 6th grade.

      That isn’t a typo either – you don’t know how to spell it.

      Report Post »  
    • mastice
      Posted on June 1, 2012 at 7:44pm

      >>The GOP has used this to create an unconstitutional super majority requirement for every piece of legislation.<<

      @ Encinom
      Explain to us how the GOP created 'an unconstitutional super majority requirement'? The GOP, last I checked, didn't create the filibuster in the last 10 years.

      Oh, and a side point here… it was the election of Scott Brown to the late Ted Kennedy's vacant seat that broke the super majority the Democrats enjoyed in the Senate in 2010. Two years after holding onto both houses and passing a slew of bloated (and at least one unconstitutional) bills.

      You can't tell me, and just about any rational person here, that the Repubs were standing in the way of the Democrats creating jobs all of those two years. Instead of concentrating on putting people to work (or better yet, getting out of the way for private entities to create jobs) the Democrat controlled Legislature and Executive branches were solely concentrated on the passage of the Affordable Care Act and related "grow the government" bills. Or sending 'bailout' money to unions to buy votes. Or increasing funding and dependance on 'food stamps'.

      Get the drift?

      Report Post » mastice  
    • mastice
      Posted on June 1, 2012 at 7:56pm

      @Encinom

      In other words – it’s the economy. We can all sit here and debate war, peace, gay marriage, women’s rights, or whatever is “trending” that particular week…. but it all boils down to people working. If (normal) people aren‘t working then they aren’t happy.

      While the Repubs are far from perfect, RINOs in particular, the Democrats completely ‘screwed the pooch’ (in a manner of speaking) in those two years. Had they shelved ‘obamacare’ for instance and concentrated solely on job growth (or as I said above, getting out of the way of job growth) the masses would be signing praises to the party for saving this great nation.

      Instead…. they failed and now your beloved Democrats and (socialist) President is in real hot water with the voters.

      Report Post » mastice  
    • mastice
      Posted on June 1, 2012 at 8:00pm

      *singing

      Report Post » mastice  
    • Sleazy Hippo
      Posted on June 1, 2012 at 8:49pm

      Long hair boy – Monicne says U SUK -lol

      Report Post » Sleazy Hippo  
    • nighttrainno9
      Posted on June 1, 2012 at 9:49pm

      For mono
      You really don’t get it do you?? Why would the govt. (us)
      pay any interest. The US govt. has the constitutional right
      to print money, instead they let the fed print it and then pay them
      interest for printing that money. Now where oh where do you
      supose all that interest money goes. Try tracking that sometime
      and you will realise where the real “fat cat” bankers get their money.

      Report Post »  
    • mrqstixx
      Posted on June 2, 2012 at 8:07am

      Well aren’t you special.

      Report Post »  
    • RamonPreston
      Posted on June 4, 2012 at 3:45am

      Encinom
      That jerk in office is DELIBERATLY trying to destroy America. You ain’t seen nothing yet. When they’re dragging your carcass out to the curb maybe you will see things differently about your budddy.

      Report Post » RamonPreston  
  • FreedomFromHypocrisy
    Posted on June 1, 2012 at 4:24pm

    I would be curious to see the great depression time frame after the roaring 20’s added to this chart.

    Report Post »  
  • LarryofArabia
    Posted on June 1, 2012 at 4:23pm

    Just wait until May is revised in two months. Oh joy.

    Thanks Barry.

    Report Post »  
  • Darmok and Jalad at Tanagra
    Posted on June 1, 2012 at 4:23pm

    The only way a dictator can stay in power is to convince everyone that he is the only hope you have, and if you keep things bad, everyone stays dependent on you. That is what that chart shows. Notice how long and deep recessions are under Democrats versus the Republicans.

    Report Post » Darmok and Jalad at Tanagra  
  • Augie4
    Posted on June 1, 2012 at 4:22pm

    OH MY GOD! This is just devastating!! Terrible!! Demonic!! WE ONLY ADDED 69,000 JOBS IN ONE MONTH! It’s a crisis! It’s a disaster!! It’s the end of the world!! OHHHHHHHHHH MY GODDDDDDDDDD HELPPPPPPPP US MR OBAMA HELP US PLEASSSSSSSSSE. Take care of us! Feed us! Clothe us! ITS ALL YOUR FAULT!!! Provide us with a high standard of living! Blow our noses!! Make some more jobs appear!! Quickly!! Cut our taxes!! Lower our tariffs!! Eliminate our regulations!! WIPE OUR ASSES!!

    Now if you’ll excuse me, I need to get back to work.

    Report Post »  
    • LarryofArabia
      Posted on June 1, 2012 at 4:45pm

      You my friend are a meatball and an intellectual wilderness. The job numbers are fraudulent to begin with and nowhere near accurate. You must be in the 1%, yes? Are you tenured?

      You’re probably someone who calls our troops baby killers but has no problem with late-term abortions. Quit breathing my air you Marxist pig.

      Report Post »  
    • BlackCrow
      Posted on June 1, 2012 at 5:03pm

      Trolls out in force today. Media Matters or moveon.org?

      Report Post » BlackCrow  
    • Sue Dohnim
      Posted on June 1, 2012 at 5:05pm

      @AUGIE4

      Clueless, the US needs 90,000 per month to break even with population growth, the labor participation rate is collapsing, add to that, the jobs numbers are cooked “upward” by the BLS with birth/death model manipulation.

      Basically, if this number is presented then the real “much lower” number is truly disturbing.

      Report Post » Sue Dohnim  
  • Ars21689
    Posted on June 1, 2012 at 4:14pm

    Facts be damned, I’ve got a thrill up my leg!

    Report Post »  
  • Ghandi was a Republican
    Posted on June 1, 2012 at 4:10pm

    WOW– Look at Bush GO! 9/11 and the tech bubble bursting and a rock solid march back to prosperity!
    NEXT- 2007 when Pelosi/Reid took control of the chairs and committees in congress. CRASH! The banking crisis under the guidance of pelosi/reid – KABOOM~! All the while yelling “racist” at any Republican that was sounding the alarm- including Bush!

    Report Post » Ghandi was a Republican  
    • encinom
      Posted on June 1, 2012 at 4:29pm

      Look at it, Bush in offic ein 2007 and ‘08 and the the line just dives straight down, bottoms out when Obama takes office and than begins to climb out of the deep hole W. caused. This chart kind debunks Romney’s campaign lies.

      Report Post »  
    • AvengerK
      Posted on June 1, 2012 at 4:38pm

      are you looking at the same stats ENCINOM/MONICNE/SLEAZY HIPPO? Under Obama this has been the most feeble recovery from a recession in living memory.
      No really..is 69000 jobs in May a recovery to crow about to you? Really?

      Report Post »  
  • rich43068
    Posted on June 1, 2012 at 4:08pm

    The market-clearing price for new 2015 capacity – almost all natural gas – was $136 per megawatt. That’s eight times higher than the price for 2012, which was just $16 per megawatt. In the mid-Atlantic area covering New Jersey, Delaware, Pennsylvania, and DC the new price is $167 per megawatt. For the northern Ohio territory served by FirstEnergy, the price is a shocking $357 per megawatt.
    This is INSANE! Ohio would have a 22.2 times higher electric cost? I can see that de-industrializing the US like Cass Sustien wrote about.

    http://republicans.energycommerce.house.gov/News/PRArticle.aspx?NewsID=9544

    Report Post »  
    • TurboCat
      Posted on June 2, 2012 at 2:57am

      Hey, Augie4, you know what our problem is? We’re just so ungrateful to The One.

      Report Post »  
  • rich43068
    Posted on June 1, 2012 at 4:03pm

    The job numbers also do not count the people who never had a job like those graduating from school.
    They don’t count the people past their 99 weeks of unemployment or that gave up either.

    Report Post »  
    • Sue Dohnim
      Posted on June 1, 2012 at 5:19pm

      Yes, labour participation rate falling,

      88 million Americans NOT working..

      Report Post » Sue Dohnim  
  • Mark0331
    Posted on June 1, 2012 at 4:02pm

    Here comes the collapse folks…with the new UE numbers, the collapse of the EU, the Markets retracting an alarming rate….all the chips are falling into place for Barry O to make his move regarding ‘societal’ unrest…his minions have failed to instigate a true class war in the street, OWS has lost its steam and its so called ‘validity’ …The other hand is mighty busy, the evil ‘left’ will not go quietly into the night…
    …
    Si vis pacem, para bellum

    Report Post » Mark0331  
    • chazmo
      Posted on June 1, 2012 at 6:01pm

      all this equal WE ARE F’D

      Report Post » chazmo  
    • copatriots
      Posted on June 1, 2012 at 6:49pm

      Scary but accurate conclusion, Mark. The only question now is when it will happen……

      Report Post »  
  • copatriots
    Posted on June 1, 2012 at 3:59pm

    This chart also doesn’t take into consideration the numerous “illegal alien” jobs that were lost. Of course, very few of those jobs were ever counted in the employment figures to begin with so the loss of them is an unknown number to add. My S.W.A.G. is that the real unemployment number is likely 15% to 18%.

    Report Post »  
  • libbsrnuts
    Posted on June 1, 2012 at 3:56pm

    Obama, the latest version of the “Below Jobs” Democratic President!

    Report Post »  
    • encinom
      Posted on June 1, 2012 at 4:31pm

      LEts look at the whole W. dug for Obama. W. crashes the economy and than hands the wreck to the next guy. This chart only confirms that fact.

      Report Post »  
    • AvengerK
      Posted on June 1, 2012 at 4:41pm

      Blah, blah..Bush did it. Same tired old bleating from the same tired old lefties. Obama was a senator voting on the spending bills since 2006 when the democrats took congress. Congress holds the purse strings.
      As president Obama has helmed the weakest recovery from a recession in living memory and you’re still whining about Bush? Seriously ENCIDIOT/MONICNE/SLEAZY HIPPO?

      Report Post »  
    • JJStryder
      Posted on June 1, 2012 at 4:42pm

      Encinmom: 2007 is when the democrats took over the house and senate. Does this fact help you at all?
      Then it got worse after Obama took over. Does this clear up your confusion at all?

      Report Post » JJStryder  
    • AvengerK
      Posted on June 1, 2012 at 5:01pm

      Lest I forget ENCIDIOT/MONICNE/SLEAZY HIPPO…Obama represented ACORN and it’s affiliates in bringing down lending standards. When banks and financials are forced by congress to make loans to people who shouldn’t qualify for those loans you get what? You get a lot of bad loans on the books. So when FANNIE reassures the investment companies that their mortgage based investment instruments are safe (thanks Barney Frank) then what do you expect is going to happen?
      When these instruments are based on dodgy loans to begin with (thanks to liberals like Obama,Barney Frank et al) what happens ENCIDIOT?

      Report Post »  
    • encinom
      Posted on June 1, 2012 at 5:04pm

      JJStryder
      Posted on June 1, 2012 at 4:42pm
      Encinmom: 2007 is when the democrats took over the house and senate. Does this fact help you at all?
      Then it got worse after Obama took over. Does this clear up your confusion at all?
      _____________________
      So I guess all those Job bills the Republican pushed forth in 2010 spiked the economy…wait, the republicans had zero Job Bills since they took over.

      Also, Congress has little influence, W. wrecked the economy. what law did the Dems do, W. is the one with signing statments and who carrys out the laws.

      Report Post »  
    • AvengerK
      Posted on June 1, 2012 at 5:48pm

      Nice try ENCIDIOT..Ask Harry Reid (D) about why those jobs bills didn’t get to the senate for a vote.
      But Obama’s budgets have…and have been consistently and unanimously voted down. Even the dems wont‘ hitch their wagons to Obama’s ridiculous budgets.

      Report Post »  
    • encinom
      Posted on June 1, 2012 at 6:15pm

      AvengerK
      Posted on June 1, 2012 at 5:48pm
      Nice try ENCIDIOT..Ask Harry Reid (D) about why those jobs bills didn’t get to the senate for a vote.
      But Obama’s budgets have…and have been consistently and unanimously voted down. Even the dems wont‘ hitch their wagons to Obama’s ridiculous budgets.
      ___________________
      There was not a single jobs bill offered by the GOP. All they offered was insane tax cuts and destruction of the regulations that bother their fat cat donors. Not one single bill would have employed a single person.

      Report Post »  
    • NOTAMUSHROOM
      Posted on June 2, 2012 at 8:42am

      ENCINOM
      “Jobs bills” don’t create jobs. Small businesses do. Duh!

      BTW you’re really on a roll today! You’ve never sounded more incredibly stupid than you have on this thread! Good job! Keep beating your head against the wall. Yup. That might help.

      Report Post »  
    • 4GODUSAANDISRAEL
      Posted on June 2, 2012 at 3:17pm

      let’s put the blame on the person who really deserves it for the housing bubble that started the financial crises, Mr. Democrat, I can’t keep it in my pants, Clinton. was Bush bad? yes, he was a MAJOR RHINO, and helped to increase our national debt quite a bit, however, he didn’t increase the debt to the point of no return like Obummer has. Let’s be honest, the last president worth his salt was Reagan, but Obummer has been the worst BY FAR! I hate Romney, but he still has my vote. hopefully in 4 years, a person who is actually worth a dam# will kick Romney out. we need a true Independent who doesn’t wear a tin foil hat. (sorry, love 95% of what Ron Paul says, but i just couldn’t ever vote for him)

      Report Post » 4GODUSAANDISRAEL  
  • copatriots
    Posted on June 1, 2012 at 3:55pm

    The real numbers are even worse than this when you factor in those who have simply stopped seeking employment as well as those who are grossly underemployed as compared with the wages they were earning in 2007.

    Report Post »  
  • BellaMia7
    Posted on June 1, 2012 at 3:54pm

    Facts graphs reality has little bearing on how a liberal votes. She wants to feel thrilled, inspired…etc. When a person doesn’t have God in their life, she looks for other things to fill the void. And boy, are people happy to fill the void.

    Suggestion: I wish we could LIKE individual posts.

    Report Post » BellaMia7  
  • The Third Archon
    Posted on June 1, 2012 at 3:54pm

    Exactly what I would expect from a capitalist economy advancing through its stages of development–the more it centralizes wealth, which it has every internal incentive to do, the more it diminishes aggregate demand and the marginal propensity to spend, the less “use” it has for the many working class poor, who are increasingly irrelevant–the end result is inevitably a return to plutocratic feudalism based upon the control of power by an extremely small number of people who control (and there is a difference between CONTROL and OWN–one need not necessarily own something, de jure, to control it, de facto) all the wealth, instead of, as in the old feudalism, all the land.

    Report Post » The Third Archon  
    • lukerw
      Posted on June 1, 2012 at 4:13pm

      Or… it shows: The Progressive Regulation & Interference in Business by the Government… which leads to Stagnation. So, as Freedom Shrinks… so does Business… where the Socialist now desire to Regulate LemonAde Stands!

      Report Post » lukerw  
    • since1791
      Posted on June 1, 2012 at 4:24pm

      Really? A capitalist economy requires the “FREEDOM” that the EPA, DOE, IRS, etc… has trampled on with their never ending list of regulations. It’s hard to create jobs when the boot of government is placed firmly on your neck. Capitalism works, that’s why progressives have steadily worked to undermine it.

      Report Post »  
    • Sue Dohnim
      Posted on June 1, 2012 at 5:17pm

      @THIRD

      You are very confused..

      Wrong, it is not a Capitalist system, it is a NEOFASCIST one. Very little free market is left, it has been co-opted and replaced with Statism… socialism

      Feudal serfs paid 25% of their production, What is it now???

      What you seem to think is Capitalism is, in fact, NEOFASCISM…

      By calling it Capitalism YOU are creating the ultimate Straw Man…

      No wonder you comments are so messed up…

      Report Post » Sue Dohnim  
  • rich43068
    Posted on June 1, 2012 at 3:53pm

    Maybe because of 72000 pages of new regulations for banking and medical industries or maybe it’s the attacks on oil drilling, coal and natural gas and their uses or maybe it‘s the EPA’s attack on businesses that make guitars and pianos? … or maybe it’s the shift of money from the private sector to the public sector by the trillions? maybe it’s the FDA closing drug manufacturing plants in Ohio and elsewhere? maybe it’s the looming 3.5 trillion in tax increases on the middle class if the BUSH tax cuts are not extended? or the 71 billion in tax increases for the rich? no, it has to be the costs of implementing Obamacare at the tune of 1.3 trillion and the 500 billion in new taxes that go with that?

    OOPS, never mind, it‘s Bush’s fault!

    Report Post »  
    • encinom
      Posted on June 1, 2012 at 4:35pm

      Actually Bush was in office in 2007 and 2008 when the jobs nosed dived. And where you sleeping when the banks all but crashed the economy with their new exotic investment bundles that turned out to be hollow and worthless pieces of paper they were trading. We need more banking regs not less.

      Report Post »  
    • AvengerK
      Posted on June 1, 2012 at 4:56pm

      ENCIDIOT/MONICNE/SLEAZY HIPPO…what were those “bundles” founded in? Mortgage instruments? When you have liberals like yourself successfully lobbying for lower lending standards and forcing the financials to give loans to people who normally shouldn‘t qualify for these loans you get a lot of bad paper on the books don’t you? In fact that bad paper is still there. So if you put together investment instruments that are founded in dodgy mortgages what do you think is going to happen?

      Report Post »  
    • RightThinking1
      Posted on June 1, 2012 at 6:15pm

      @enciom
      Not that you ever read replies…, but you might want to review Bush’s attempts to rein in the CRA-induced (assuming you recognize the Dem mandated loan policies) loan debacle:
      http://elenaives.com/attempts-president-bush-reform-fannie-mae-freddie-mac/
      What was the Dem response? Well, here it is on video:
      http://www.youtube.com/watch?v=GXfAPyHpPZk

      Report Post »  
    • Incredulous321
      Posted on June 1, 2012 at 7:40pm

      Excellent links. Thank You. You heard Maxine Waters talk about the affordable housing act of 1992. The housing bubble was long in the making, and there‘s little in even convoluted logic that can lay the blame solely at Bush’s feet. It was a problem that he inherited from the God of the Economy, Bill Clinton. Not to mention a little thing called 9/11, and the slow dismantling of the military that takes place under most Democratic Presidents, and constitutes an inherent problem for Republicans immediately upon taking office, everytime. Some people refuse to see that the blame Bush days are over. We have a socialist in charge and socialism will not work in a country bigger than Sweden. I keep hearing it‘s not just Obama’s failures, but also Romney’s abilities. Romney may turn out to be a screw-up, but Obama is a screw-up. Congress needs to retake their rightful place in this government. Reid needs to retire. The shutdown of the Senate is nothing less than criminal. Progressives on both sides need to be booted out of office, starting wiith the Commy in Chief. I’m sick of hearing people make fun of the Tea Party, and call them obstructionist. I hope someone would obstruct the petulent child setting fire to our country. One last thing. Why are the Blue states the crime riddled cess pools? Why are people fleeing them like rats from a sinking ship? Because democrats are like aliens, here to take everything and move on.

      Report Post » Incredulous321  
  • GERATMO
    Posted on June 1, 2012 at 3:52pm

    This is what happens when you borrow trillions of dollars to stimulate the economy. Stimulus does not work.

    Report Post » GERATMO  
    • the-novelty-is-over
      Posted on June 1, 2012 at 4:15pm

      You cannot buy your way out of a recession.

      Report Post »  
    • Shasta
      Posted on June 1, 2012 at 4:34pm

      He is blaming all of this on congress for not passing his latest jobs bill, ie. stimulous II. He just wants more money to flow to his greedy unions in return for more votes and political trickery. All Obama what is the ‘4 mores’: Tax more, print more, borrow more and most importatly, spend more.

      Report Post » Shasta  
    • encinom
      Posted on June 1, 2012 at 4:37pm

      the-novelty-is-over
      Posted on June 1, 2012 at 4:15pm
      You cannot buy your way out of a recession.
      _______________
      No, but the only way out is to spend. Jobs come from demand, when the private capital is being hoard by the few, its the duty of the Government to (a) release that capital and (b) create public works programs to infuse the system with new capital to create jobs. Austerity kills jobs and the economy.

      Report Post »  
    • AvengerK
      Posted on June 1, 2012 at 4:48pm

      Once again ENCIDIOT/MONICNE/SLEAZY HIPPO…I need to remind you.
      You don’t have a demand when consumer spending is so low. Why is consumer spending low? Because over 12 million Americans are unemployed or underemployed and the rest are cagey about spending more because they feel they could lose their jobs at any time.
      Obama has presided over the largest underemployment rate since the second world war..and it’s growing. You don’t have any demand when people are reluctant to spend. You don’t try to create markets where there are none as Obama tried with this “green” agenda.
      Is this really beyond you ENCIDIOT/MONICNE/SLEAZY HIPPO?

      Report Post »  
    • AvengerK
      Posted on June 1, 2012 at 4:53pm

      ENCIDIOT…“infrastructure” jobs are no-growth jobs. They dont’ expand and grow economies they just redistribute tax dollars. It’s just smearing the money around..you should know about smearing ..that’s what Media Matters pays you to do.

      Report Post »  
    • encinom
      Posted on June 1, 2012 at 5:07pm

      AvengerK
      Posted on June 1, 2012 at 4:53pm
      ENCIDIOT…“infrastructure” jobs are no-growth jobs. They dont’ expand and grow economies they just redistribute tax dollars. It’s just smearing the money around..you should know about smearing ..that’s what Media Matters pays you to do.
      _______________
      Ike’s building of the interstate highway system, which lasted decades was a waste of tax dollars. You are an idiot. Just protecting your masters riches, just like a good serf.

      Report Post »  
    • AvengerK
      Posted on June 1, 2012 at 5:37pm

      You really don’t get it do you ENCIDIOT/MONICNE/SLEAZY HIPPO? Infrastructure jobs are non-growth jobs. They rely on tax payer funding. You get economic growth from business expanding and the consumer buying. As a result you get job and investment growth. Is this really that hard for you sport?
      Do you know why tax revenues are down ENCIDIOT? Because there’s less tax payers today. They’re either underemployed or unemployed altogether. An underemployment not seen since WWII under Obama. You don’t fix the revenue problem by creating taxpayer funded jobs that typically run over-budget. Are you really that dimwitted?

      Report Post »  
    • encinom
      Posted on June 1, 2012 at 6:21pm

      @Idiot,

      THERE IS NO CAPITAL IN THE SYSTEM! YOUR FAT CAT MASTERS ARE HOARDING THE GOLD. PEOPLE NEED MONEY TO SPEND, PUBLIC WORKS JOBS EMPLOY PEOPLE, GIVEN THEM SALARIES, THE PUBLIC WORKS ALSO CONSUME RAW MATERIALS AND TOOLS PURCHASED FROM THIRD PARTIES. INFRASTRUCTURE ALSO CREATES THE ENVIRONMENT FOR THE PRIVATE SECTOR TO EXPAND.

      Interstate highways allowed for the growth of tourist and commercial industries. The Tea ****** short sightedness is the danger. The Debt means nothing the issue today is jobs.

      Report Post »  
    • West Coast Patriot
      Posted on June 2, 2012 at 1:49am

      Encinome, The only way to create lasting jobs is for the government to get rid of most regulations holding businesses back. The free market will then rise up with new businesses created by the unemployed now. That is how you get America going again. Keep federal government out of our lives as much as possible, let us all do what we want ot do without the burden of all the fees and crap that come with government. Liberty is what we need.

      Report Post » West Coast Patriot  
    • BrainTransplant4Repubes
      Posted on June 2, 2012 at 7:17pm

      @Encinom You know it is most likely useless to try to reason with those people? It has been scientifically established (read for example that enlightening book “The Republican Brain” http://www.amazon.com/The-Republican-Brain-Science-Science/dp/1118094514) that conservatives are impervious to evidence and reason. Add to that constant Fox News-style propaganda and brainwashing and it is no wonder they are delighted at their future as slaves to the Koch bros and their ilk. I have fun reading Blaze comments as well but it is not a very productive use of time to try to address their “issues” (which, at root, is mostly a rejection of reality).

      While I am commenting I can still throw them a bone. For all the conservatives who think they don’t need need any government, the following will probably be an eye opener:

      http://www.nobeliefs.com/RepublicanDay.htm

      Report Post »  
  • Motersaga
    Posted on June 1, 2012 at 3:52pm

    This chart flies in the face of Brak proclaiming himself on of the greatest presidents in America’s history.. In point iof fact, he’s a loser even compared to other 21st century Presidents.

    Report Post »  
    • TSUNAMI-22
      Posted on June 1, 2012 at 3:59pm

      Obama is the greatest president (in a Jimmy Carter sort of way).

      Jimmy Carter = accidentally inept
      Obama = deliberately seditious

      Report Post »  
  • forthepeople
    Posted on June 1, 2012 at 3:50pm

    and who has been telling this all along ?

    Report Post » forthepeople  
  • AmazingGrace8
    Posted on June 1, 2012 at 3:48pm

    Thank you Blaze. Whow!!! This chart says it all. Romney could have a “field-day” with this chart!!!

    Report Post »  
    • encinom
      Posted on June 1, 2012 at 4:39pm

      You mean the W. that was dug. this Chart only proves how badly W. destroy the economy and how big of a mess it was when Obama took over.

      Report Post »  
    • NHwinter
      Posted on June 1, 2012 at 5:13pm

      Encinom – AvengerK has explained it to you numerous times, yet you keep repeating the same tired line, its Bush’s fault. I guess some people just cannot comprehend the truth.

      Report Post » NHwinter  
    • encinom
      Posted on June 1, 2012 at 5:26pm

      NHwinter
      Posted on June 1, 2012 at 5:13pm
      Encinom – AvengerK has explained it to you numerous times, yet you keep repeating the same tired line, its Bush’s fault. I guess some people just cannot comprehend the truth.
      _________________
      AvengerK is an idiot that repeats and spews whatever Fox News and Glenn Beck tells him. His posts are the talking posts the GOP provides to Fox or the bile spewed by Rush. He has expalined nothing. Of course, this graph proves the collapse happended on W.’s watch.

      Report Post »  
    • AvengerK
      Posted on June 1, 2012 at 5:53pm

      See how it works NWWINTER? The lefty ENCINOM/MONICNE (it’s the same person..creepy I know) spouts his media matters talking points endlessly then accuses someone with the facts of spouting talking points.
      I NEVER expect ENCINOM/MONICNE to understand the truth or acknowldge it. He’s way too far gone for anything like that to take place. I offer it to counter his propaganda with the facts.

      As you can see all ENCINOM/MONICNE is then left with is slurs and maligning. Typical lefty trash.

      Report Post »  
    • MrObvious
      Posted on June 1, 2012 at 8:32pm

      EC is too far gone – no amount of logic and facts will ever reach them.
      Arguing with them is pointless.
      Anyone still Blaming GWB is a fool, a nutter, and/or Obama.

      Report Post »  
  • Ghandi was a Republican
    Posted on June 1, 2012 at 3:47pm

    ObamaWorld.. All hail the collective!

    Report Post » Ghandi was a Republican  
  • Free_Thinker
    Posted on June 1, 2012 at 3:46pm

    Interesting. Obama must go!

    Report Post » Free_Thinker  
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