Tuesday, September 20, 2016

Is America Going to hell in a hand basket?

I will get back to atheist watching after the election, In the mean time:

 photo prez_jobs_june2015_zps8n6wk4ez.png



Trump still trying to play champion of the common man wshinimng about how we are going to hel in a hand basket, it's a lie.here are the latest figure bureau of labor stats

LATEST RELEASES

MAJOR ECONOMIC INDICATORS

Consumer Price Index

September 16, 2016
On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers increased 0.2 percent in August after being unchanged in July. The index for all items less food and energy rose 0.3 percent in August after increasing 0.1 percent in July. Full text: (HTML) (PDF)

Employment Cost Index

August 04, 2016
Compensation costs increased 0.6 percent for civilian workers, seasonally adjusted, from March 2016 to June 2016. Over the year, compensation rose 2.3 percent, wages and salaries are up 2.5 percent, and benefits rose 2.0 percent. Full text: (HTML) (PDF)

Employment Situation

September 02, 2016
Total nonfarm payroll employment increased by 151,000 in August, and the unemployment rate remained at 4.9 percent. Employment continued to trend up in several service-providing industries. Full text: (HTML) (PDF)

Producer Price Index

September 15, 2016
The Producer Price Index for final demand was unchanged in August. Final demand prices declined 0.4 percent in July and rose 0.5 percent in June. In August, a 0.1-percent advance in the index for final demand services offset a 0.4-percent decrease in prices for final demand goods. Full text: (HTML) (PDF)

Productivity and Costs

September 01, 2016
Productivity decreased 0.6 percent in the nonfarm business sector in the second quarter of 2016; unit labor costs increased 4.3 percent (seasonally adjusted annual rates). In manufacturing, productivity decreased 0.4 percent and unit labor costs increased 6.7 percent. Full text: (HTML) (PDF)

Real Earnings

September 16, 2016
Real average hourly earnings decreased 0.1 percent in August, seasonally adjusted. Average hourly earnings increased 0.1 percent and the CPI-U increased 0.2 percent. Real average weekly earnings decreased 0.4 percent over the month. Full text: (HTML) (PDF)

U.S. Import and Export Price Indexes

September 14, 2016
U.S. import prices declined 0.2 percent in August, after ticking up 0.1 percent in July. The August downturn was driven by lower fuel prices. Prices for U.S. exports decreased 0.8 percent in August following a 0.2-percent increase in July. Full text: (HTML) (PDF)
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  • Employment Situation (HTML) (PDF)
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Below is an old post fro, Feb but it was not bad even then.





from Daily Kos Site [1]


Trump has made the statement "The country is going to hell in a hand basket." Let's look at the figures? See those little red stumps on the upper graph? That's Bush's Job growth. One is negative. Obama's much better. It's not as good as Clinton's or even Reagan's (see the graph, Clinton blue) but Obama had a much worse economic crisis that he inherited.



From Fact Check.org 

Summary

Since President Barack Obama first took office:
  • The economy has added nearly 8.4 million jobs — more than six times the number gained under George W. Bush.
  • The number of job openings doubled, to a record 5.7 million.
  • Nearly 15 million fewer people lack health insurance coverage.
  • Corporate profits are at record levels; stock prices have more than doubled.
  • However, median household income was down 3 percent as of 2014, and the official poverty rate was 1.6 percentage points higher.
  • The rate of home ownership has dropped to the lowest point in nearly half a century.
  • The federal debt owed to the public has more than doubled — up 107 percent.[2]
The site lists unemployment ratevatv5.1%,  Job openings up 180%,  Business start ups +19%, business failimgs downm 27%

Even a conservative publication such as the Economist says that "the president's record is a lot better than the woes of America's economy suggests." The article points out that Obama faced the most grim economic conditions since 1933, After detailing failure in comic growth and housing market for most of Obama's two terms only picking up late in second term the articles finds all economic recoveries are slow. This a far cry from hell in a hand basket. Since the article is not lauding him as stupendous or berating him for causing every sill since the great depression, it's probably a fairly objective appraisal. [3]





Sources

all sources accessed 2/26/16
[1] Jon Perr, "Obama Has Created Six Times As Many Jobs As Bush," Daily Kos Blog, July 6, 2015,
URL: http://www.dailykos.com/story/2015/6/7/1391360/-Obama-has-created-six-times-as-many-jobs-as-Bush

[2] , "Obama's Numbers (October, 2015)," Fact check .org, Posted on October 6, 2015 , blog URL http://www.factcheck.org/2015/10/obamas-numbers-october-2015-update/
Trump's statement was that same month.

[3]  Editor, "End of Term Report,"  The Economist, Sep 2012, online URL:
http://www.economist.com/node/21561909

2 comments:

JBsptfn said...

I think that Trump and Clinton are both undesirable candidates.

Joe Hinman said...

Clinton is much by far the lesser far two evils