More bad news for Obomba Wrote:
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>
http://www.webpronews.com/george-w-bush-a-better-p
> resident-than-obama-according-to-new-poll-2014-07
> George W. Bush a Better President Than Obama,
> According to New Poll
>
>
http://www.dailyrecord.com/article/20120111/NJOPIN
> ION02/301110006/Admit-Bush-better-president-than-O
> bama
>
> I checked the Bureau of Labor Statistics to see
> how well Obama was doing, using the unemployment
> rate as a barometer. During Bush's presidency from
> 2001 through 2008, the unemployment rate went from
> a low of 4.2 percent to 6.5 percent at the end of
> October 2008, when the housing and financial
> markets nosedived. During 84 of the entire 96
> months of Bush's administration, unemployment
> rates were between 4.2 percent and 5.9 percent.
>
> In December 2008, he left office with the rate at
> 7.3 percent. During 29 of the 36 months of the
> Obama administration, the unemployment rate has
> exceeded 9 percent, going as high as 10 percent.
> Obama also lost millions more jobs than Bush,
> because despite the millions he supposedly
> created, unemployment is just about double the
> rate of the Bush years.
Bush left office in January of 2009, not December of 2008, and the economy was in free fall. Do you really think Obama should have turned the economy around the instant he walked in the door? With what, magic? It took a while to get policies in place. The economy stabilized, and then started to improve by the end of 2009, less than a year into the administration. Employment growth has been moderate since then, and better than most other developed countries.
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