Unemployment Levels

Joe Biden’s Economy

Ronald 5 Comments

Joe Biden’s economy first year:

Stock Market up to all time high, although it went down this past week, the most since March 2020.

Unemployment dropped 2.5 percent, an all time record, as 6.2 million jobs were created, the most in a first year of a Presidency.

All sectors of the economy saw job gains, and the American Rescue Plan caused unemployment to fall faster than expected.

People had more disposable income in 2021, even taking inflation into account.

Poverty among children fell by 38 percent from 2020 to 2021.

One third fewer people reported they did not have or sometimes did not have enough to eat in December 2021 than in December 2020.

Workers were empowered to take better jobs, as they were able and willing to quit, being able to get higher pay, better benefits, and working conditions.

Applications to start new businesses increased dramatically in 2021.

Clearly, while economic conditions are much better, to the average American, inflation is a nightmare, and the COVID 19 Pandemic is having a deleterious effect on the mood of the American people.

So there is a lot of discontent with the Joe Biden Presidency as many Americans are unhappy at the stress and uncertainty that the Pandemic has caused.

But if clearcut thinking is employed, does anyone think a fifth year of Donald Trump would have produced similar or better economic results?

9 Of Last 10 Economic Recessions Under Republican Presidents Since 1953!

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It is a fact of history that nine of the ten economic recessions since 1953, when Dwight D. Eisenhower became President, have come under Republican Presidents as follows:

July 1953 to May 1954–Eisenhower

August 1957 to April 1958–Eisenhower

April 1960 to February 1961–Eisenhower

December 1969 to November 1970–Nixon

November 1973 to March 1975–Nixon/Ford

January 1980 to July 1980–Carter (Democrat)

July 1981-November 1982–Reagan

July 1990-March 1991—HW Bush

March 2001-November 2001–W Bush

December 2007-June 2009–W Bush/Obama–last five months under Democrat

The longest recessions were under W Bush and Obama; Reagan; and Nixon/Ford, with the unemployment rate reaching 10 percent, 10.8 percent, and 9 percent respectively in those recessions.

The shortest recession was under Jimmy Carter, six months in 1980, but the only Democrat to have a recession begin while in office, and  suffered at the polls partially on that fact, that it was in an election year!

Eisenhower had three recession periods, while Nixon had two, and W. Bush had two.

This is an issue that Democrats need to emphasize in the upcoming campaign, the tremendous economic revival under President Barack Obama!

Finally, the John F. Kennedy, Lyndon B. Johnson, and Bill Clinton administrations saw great economic growth as under Obama after his first five months in office, so Democrats have an exceptional record on the economy over the last 62 years of American history!

 

Interesting Comparison Between 2012 And 1936!

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The summer of 2012 has turned out to be, already, the hottest on record in America, since records were kept in 1895, and drought is widespread. And our unemployment level at 8.3 percent is the highest in a Presidential election year since 1936, when it was much higher at the end of the first term of Franklin D. Roosevelt during the Great Depression.

It also turns out that 1936 was, until now, the worst summer for hot temperatures, and for drought as well, but is now second, at least in temperatures, with the drought level comparison still in process.

The only common theme left to witness is whether Barack Obama will win a second term, as FDR did, and how wide a margin he will have, hard to predict, but it is worth pointing out that FDR won the biggest landslide in American history until that time, winning all but two states!

Latest Poll Averages Show Obama Ahead Of Romney In Eleven Of Twelve Battleground States!

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Barack Obama may be only slightly ahead of Mitt Romney nationally in the average of various polls–47.3 percent to 44.7 percent, but when one looks at twelve battleground or swing states, he is ahead of Romney in all but North Carolina, where he trails Romney by 48.5 to 46.5, two percentage points.

Obama is ahead by almost 6 points in Ohio; by 2.5 points in Virginia; by 3 points in Florida; by 6.5 points in Pennsylvania; by almost 4 points in Iowa; by 5.5 points in Nevada; by 5 points in Wisconsin; by 7 points in New Mexico; by 6.5 points in Michigan; and by almost 3 points in New Hampshire. In Colorado, the margin is only two tenths of one point for Obama over Romney, nearly an even split.

So Obama is ahead in 10 of the 12 states listed, all of which he won in 2008, nearly even in Colorado, and only behind in North Carolina!

Not bad considering the blistering attacks and lies and deception that have been going on for three and a half years as President, greater than any President since the last one who was called every name in the book, and yet won a landslide victory in 1936 in the midst of the Great Depression, with unemployment levels still much higher than they are in 2012.

The author is referring here to Franklin D. Roosevelt!