The Lost Decade: Economy is #WorseNow

When @GOP last held House, Senate, & @WhiteHouse (1/2/2007),
Unemployment was 4.4%
#WorseNowhttp://data.bls.gov/timeseries/LNS14000000&from_year=2003&to_year=2016

When @GOP last held House, Senate, & @WhiteHouse (1/2/2007),
U6 Unemployment was 7.9%
#WorseNowhttp://data.bls.gov/timeseries/LNS13327709&from_year=2003&to_year=2016

When @GOP last held House, Senate, & @WhiteHouse (1/2/2007),
Average Weeks Unemployed was 16.1
#WorseNowhttp://data.bls.gov/timeseries/LNS13008275&from_year=2003&to_year=2016

When @GOP last held House, Senate, & @WhiteHouse (1/2/2007),
Age 25-54 LFPR was 83.1%
#WorseNowhttp://data.bls.gov/timeseries/LNS11300060&from_year=2003&to_year=2016

When @GOP last held House, Senate, & @WhiteHouse (1/2/2007),
Employment-Population Ratio was 63.4%
#WorseNowhttp://data.bls.gov/timeseries/LNS12300000&from_year=2003&to_year=2016

When @GOP last held House, Senate, & @WhiteHouse (1/2/2007),
Deficit was 1.1% of GDP.
#WorseNowhttp://www.whitehouse.gov/sites/default/files/omb/budget/fy2017/assets/hist01z2.xls

When @GOP last held House, Senate, & @WhiteHouse (1/2/2007),
Total Debt was less than $8.7T
Much #WorseNow: greater than $19.8T
http://www.treasurydirect.gov/NP/debt/search?startMonth=01&startDay=03&startYear=2007&endMonth=01&endDay=03&endYear=2017

When @GOP last held House, Senate, & @WhiteHouse (1/2/2007),
Median Household Income was $57,357
#WorseNowhttps://fred.stlouisfed.org/series/MEHOINUSA672N

When @GOP last held House, Senate, & POTUS (1/2/2007),
4th Qtr 2006 GDP Growth was 3.2%
#WorseNow: http://www.bea.gov//national/nipaweb/GetCSV.asp?GetWhat=SS_Data/Section1All_xls.xls&Section=2

When @GOP last held House, Senate & POTUS (1/2/2007),
Consumer Confidence Index was 109
https://web.archive.org/web/20070101222252/http://www.conference-board.org/economics/consumerConfidence.cfm
#WorseNow at 97.3
https://www.conference-board.org/data/consumerconfidence.cfm

I just gave 11 #FACTS to prove economy is #WorseNow than when @GOP last held the House, Senate, and Presidency.

When @GOP last held House, Senate, & @WhiteHouse (1/2/2007),
nearly every measure of our economy was better than it is now.
#WorseNow

In the last 13 years,
**ALL** job loss months came with Pelosi, Reid & Obama in majority party.
http://data.bls.gov/timeseries/CES0000000001&from_year=2004&to_year=2016?output_view=net_1mth

Compare 21+ years of GOP vs. DEM majorities…

21-years-of-employment-population-ratio-data-and-averages-by-majority-party-jan-1995-nov-2016

That’s  : Correlated with Majority Party:

However, if you’re a person who only likes to look at economic data in terms of which party controls the Presidency, then consider these comparisons:

Avg Weeks Unemployed: http://data.bls.gov/timeseries/LNS13008275&from_year=1948
@BarackObama has the WORST record
of any @POTUS in #BLSdata history!
#ThanksObama!

Employment-Population Ratio: http://data.bls.gov/timeseries/LNS12300000&from_year=2001&to_year=2016
The WORST Bush month was better than the BEST Obama month!

Then there are the Reagan vs. Obama comparisons:

reagan-vs-obama-labor-force-participation-rate-through-nov-2016

and…

reagan-vs-obama-e-p-ratio-through-nov-2016

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44 Responses to The Lost Decade: Economy is #WorseNow

  1. Miri says:

    A picture speaks a thousand words. Thanks for making it so easy to see.

  2. Which party warned of crisis & tried to prevent?
    Which party claimed no “safety & soundness” issues?
    http://www.mrctv.org/videos/flashback-maxine-waters-and-democrats-defend-fannie-mae-and-freddie-mac

  3. Fannie Mae & Freddie Mac Campaign Contributions, 1989-2008:
    http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie/
    Obama’s $ per year > Dodd’s

  4. Average FY Deficit as %GDP
    Post WWII 1947-95: 1.8%
    GOP Majority 1996-2007: 0.8%
    DEM Majority 2008-14: 6.3%
    http://www.whitehouse.gov/sites/default/files/omb/budget/fy2017/assets/hist01z2.xls

    Shown another way:

    Avg FY Deficit as %GDP:
    1.8% 1947-1995:Post-WWII
    0.8% 1996-2007:GOP Majority
    6.3% 2008-2014:DEM Majority
    http://www.whitehouse.gov/sites/default/files/omb/budget/fy2016/assets/hist01z2.xls

    FY 2008-2014 Democrat majorities deficit spent at:
    3.5X the 1947-1995 Post-WWII rate
    7.9X the 1996-2007 GOP Maj rate

  5. FY 2007 Hastert/Frist/Bush GOP deficit: 1.1% of GDP
    FY 2009 Pelosi/Reid/Obama DEM deficit: 9.8% of GDP
    http://www.whitehouse.gov/sites/default/files/omb/budget/fy2017/assets/hist01z2.xls

  6. Deception by @POTUS @WhiteHouse:

    Tweet DERIVATIVE(Monthly ∆)
    of a SUBSET(private-sector) of #BLSdata,
    and IGNORE population growth!

    The Democrats’ Employment Deception

    The truth is:
    89 consecutive months of SUB-60% Employment
    http://data.bls.gov/timeseries/LNS12300000&from_year=1980&to_year=2016
    Worst streak since Jan 1979!

    89 Consecutive months of SUB-60% Employment

  7. Q: Why does unemployment % look good,
    when employment % does not?

    A: LFPR ↓

    Reagan vs. Obama LFPR

    ==============================

    Q: Why does http://data.bls.gov/timeseries/LNS14000000&from_year=1985&to_year=2016 look good,
    when http://data.bls.gov/timeseries/LNS12300000&from_year=1985&to_year=2016 does not?
    A: LFPR ↓
    reagan-vs-obama-labor-force-participation-rate-through-oct-2016

  8. 2003-2006 Employment recovery stopped abruptly when DEMs took majority control on 1/3/2007.

  9. @TheDemocrats’ majorities doubled total debt in < 8 years:

  10. After 2003 Bush Tax Cuts:
    Revenues ↑44% in 4 FYs: ’03-07, $1.8T ↑ $2.6T
    Deficits ↓61% in 3 FYs: ’04-07, $412B ↓ $161B
    http://www.whitehouse.gov/sites/default/files/omb/budget/fy2016/assets/hist01z1.xls

  11. Our Economy was stronger when @GOP held House, Senate, & POTUS:
    https://itooktheredpill.wordpress.com/2016/08/02/the-lost-decade-economy-is-worsenow/
    @HillaryClinton was a part of that DEM Decline.

  12. Which man,
    George W. Bush or @BarackObama,
    was in the majority party 1/3/2007 – 1/20/2009?

  13. Barack Obama took office in D.C. on 1/3/2005.
    He helped create what he “inherited”.
    #1 per annum recipient: http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie/

  14. George W. Bush “inherited” a recession when he became POTUS.
    Sen. Obama contributed to the recession he claims he “inherited”.

  15. Dems can honestly blame Bush for not vetoing
    this @NancyPelosi/@SenatorReid Continuing Resolution:
    http://thomas.loc.gov/cgi-bin/bdquery/z?d110:HR02638:@@@R

    But Obama requested:
    http://www.wsj.com/news/articles/SB123177778175873781?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB123177778175873781.html
    http://en.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act_of_2009
    http://en.wikipedia.org/wiki/Omnibus_Appropriations_Act_of_2009
    http://en.wikipedia.org/wiki/Supplemental_Appropriations_Act_of_2009

    *ALL* FY 2009 spending was passed by @NancyPelosi & @SenatorReid
    & overwhelming majority was asked for/signed by @BarackObama
    Yet many dishonest DEMs
    falsely blame Bush for FY 2009 deficit,
    & use 2009 as baseline for false “deficit reduction” claims.

    When GOP last held House/Senate/POTUS (1/2/2007)
    Deficit = 1.1% of GDP
    DEMs “reduced” deficit to 3.3%
    http://www.whitehouse.gov/sites/default/files/omb/budget/fy2017/assets/hist01z2.xls

  16. When @GOP last held House, Senate, & @WhiteHouse (1/2/2007),
    Total Debt: 61.7% of GDP
    #WorseNow: 105.4% of GDP
    https://fred.stlouisfed.org/series/GFDEGDQ188S

  17. Productivity, a sore spot for the U.S. economy over the past few years, has now declined in three straight quarters, according to data released Tuesday.

    http://www.bls.gov/news.release/prod2.nr0.htm
    http://data.bls.gov/cgi-bin/surveymost?pr
    Major Sector Productivity and Costs
    (Select from list below)
    Business – Labor Productivity (Output per Hour), percent change from previous quarter – PRS84006092
    Business – Unit Labor Costs, percent change from previous quarter – PRS84006112
    Business – Real Hourly Compensation, percent change from previous quarter – PRS84006152
    Nonfarm Business – Labor Productivity (Output per Hour), percent change from previous quarter – PRS85006092
    Nonfarm Business – Unit Labor Costs, percent change from previous quarter – PRS85006112
    Nonfarm Business – Real Hourly Compensation, percent change from previous quarter – PRS85006152
    Manufacturing – Labor Productivity (Output per Hour), percent change from previous quarter – PRS30006092
    Manufacturing – Unit Labor Costs, percent change from previous quarter – PRS30006112
    Manufacturing – Real Hourly Compensation, percent change from previous quarter – PRS30006152

  18. 1995-2006 GOP majority:
    66% of population↑ = Employed↑
    -2% of population↑ = Unemployed↓
    36% of population↑ = Not in Labor Force↑

    2007-2014 DEM majority:
    8% of population↑ = Employed↑
    10% of population↑ = Unemployed↑
    82% of population↑ = Not in Labor Force↑

    Of the Civ. Noninst. Population Age 16+ ↑ under DEM majorities 2007-2014,
    8% ► Employed ↑
    10% ► Unemployed ↑
    82% ► Not in Labor Force ↑

  19. U.S. Bureau of Labor Statistics Table A-1
    Employment status of the civilian noninstitutional population 16 years and over, 1978 to date

    ======================
    Here are the BLS links for the data which goes into that table…

    Column 1) Civilian noninstitutional population – http://data.bls.gov/timeseries/LNU00000000

    Column 2) Number Civilian Labor Force – Civilian Labor Force Level – http://data.bls.gov/timeseries/LNS11000000

    Column 3) Percent of population in Civilian Labor Force – Civilian Labor Force Participation Rate – http://data.bls.gov/timeseries/LNS11300000

    Column 4) Number Employed in Civilian Labor Force – Number Employed – http://data.bls.gov/timeseries/LNS12000000

    Column 5) Percent of population Employed in Civilian Labor Force – Employment-Population Ratio – http://data.bls.gov/timeseries/LNS12300000

    Column 6) Number Unemployed in Civilian Labor Force – Unemployment Level – http://data.bls.gov/timeseries/LNS13000000

    Column 7) Percent of Civilian Labor Force Unemployed – Unemployment Rate – http://data.bls.gov/timeseries/LNS14000000

    Column 8) Number Not in Labor Force – http://data.bls.gov/timeseries/LNS15000000

    =================

  20. Majority Control Chart:

  21. Majority Party by Calendar Year:
    GOP: 1919-32, 47-48, 53-54, 81-86, 95-2006, 2015-?
    DEM: 1933-46, 49-52, 55-80, 87-94, 2007-14

    Majority Party by Fiscal Year:
    GOP: 1920-33, 48-49, 54-55, 82-87, 96-2007, 2016-?
    DEM: 1934-47, 50-53, 56-81, 88-95, 2008-15

  22. Total Federal Debt as % of GDP: https://fred.stlouisfed.org/series/GFDEGDQ188S
    ↑ 40.8 points under Senate Maj. Leader @SenatorReid 2007-14!

    Federal Debt: Total Public Debt as Percent of Gross Domestic Product (GFDEGDQ188S)
    https://fred.stlouisfed.org/series/GFDEGDQ188S

    When @GOP last held House, Senate & POTUS (1/2/07)
    Total Debt as % of GDP was 61.7%
    https://fred.stlouisfed.org/series/GFDEGDQ188S
    #WorseNow at 105.4% (↑43.7 pts)

  23. Under @POTUS @BarackObama,
    Employment of black women has dropped 1.3 points:
    http://data.bls.gov/timeseries/LNS12300032&from_year=2003&to_year=2016
    Cc: @AfAmDemocrats @TheDemocrats

    Under @POTUS @BarackObama,
    LFPR of black women has dropped 2.8 points:
    http://data.bls.gov/timeseries/LNS11300032&from_year=2003&to_year=2016
    Cc: @AfAmDemocrats @TheDemocrats

    http://www.thegatewaypundit.com/2016/01/tavis-smiley-on-every-leading-economic-issue-black-americans-have-lost-ground-under-obama-video/

  24. GDP growth 3 times better with GOP majorities!
    See Table 1.1.1. http://www.bea.gov//national/nipaweb/GetCSV.asp?GetWhat=SS_Data/Section1All_xls.xls&Section=2
    GOP Majority 1995-2006 Avg GDP Growth: 3.3%
    DEM Majority 2007-2014 Avg GDP Growth:1.1%

  25. Bill Clinton gets too much credit for what GOP Congress did his last 6 yrs
    G.W.Bush gets too much blame for what DEM Congress did his last 2

  26. Average Weeks Unemployed is higher now
    than under ANY previous @POTUS @WhiteHouse!
    http://data.bls.gov/timeseries/LNS13008275&from_year=1948
    #ThanksObama!

  27. .@HillaryClinton won’t tell you the truth about the 2003 Bush Tax Cuts:
    Rates ↓ for everyone, Revenues ↑, deficits ↓
    https://twitter.com/ITTRP/status/780644840321257472

  28. Yet another example showing the last 10 years have been a “Lost Decade”:

    When GOP last held House, Senate & POTUS (1/2/2007),
    10-year % change in real U.S. GDP per capita was 25%
    #WorseNow:
    https://www.bloomberg.com/view/articles/2016-10-04/why-americans-feel-poor-in-one-chart

  29. Undeniable #BLSdata #FACT:
    Avg Weeks Unemployed
    is higher now under @BarackObama
    than under ANY previous @POTUS!
    http://data.bls.gov/timeseries/LNS13008275&from_year=1948

  30. When @GOP last held House, Senate, & @POTUS(1/2/2007),
    Hispanic Unemployment was 5.5%
    #WorseNow:
    http://data.bls.gov/timeseries/LNS14000009&from_year=2006&to_year=2016

  31. I still remember the broken promises that Nancy Pelosi & the House Democrats made 10 years ago:
    http://www.webcitation.org/5ts8Q5znY

  32. ∆Debt by Majority Party:
    GOP 1995-2006 ↑ $3.9T in 12 Yrs ($323B/Year)
    DEM 2007-2014 ↑ $9.4T in 8 Yrs ($1,175B/Year)
    http://www.treasurydirect.gov/NP/debt/search?startMonth=01&startDay=03&startYear=1995&endMonth=01&endDay=03&endYear=2015

  33. Since 1/3/2007,
    ↑Deficits
    ↑Debt
    ↑Unemployment
    ↑Avg Weeks Unemployed
    ↓Incomes
    ↓Labor Force Participation
    ↓GDP growth

  34. https://en.wikipedia.org/wiki/Baby_boomers
    peak birth rates 1949-1958
    Add 22 years and you get 1961-1980
    Most Baby Boomers graduated college and/or entered the workforce under Presidents Kennedy, Johnson, Nixon, Ford, and Carter. NOT Reagan!

  35. Sir, you have some great information here. Unfortunately, the low info American liberal will believe anything the media tells them.

    It still stands today that the worst month under Bush was better than the best under Obama for employment to population.

    Have you done research on how incomes of all social classes actually have risen, and that the liberal narrative of “supply-side economics destroyed the middle class” is false?

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