Recovery Anniversary

by YankeeJim | February 17, 2010 at 08:34 am
329 views | 40 Recommendations | 13 comments

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David Plouffe's Jobs Graph

David Plouffe's Jobs Graph

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uploaded by YankeeJim

I respect David Plouffe as a political strategist and as a communicator who knows how to use numbers to tell a story. In the email that I got today, he points to a graph that I am posting that depicts the dramatic job losses begun in the Bush administration and the near stop-loss during Obama’s first year in office. He suggests that year one of the “recovery anniversary” was to stop the losses.

Not said is that the jobs lost are not being replaced. It does not explain that stop-loss is at horrendous debt and that jobs are not being created in the private sector at a rate to bring about real recovery.

So, my admiration for the chief strategist can quickly turn sour when I see that I am being messed with. That is, I am being manipulated and wordsmithed. I would be much more impressed when the President and his strategist get to the heart of solving problems as that is what will make us all better.

I am searching for a metaphor, but basically, you cannot fix my broken leg with a Band-Aid. I cannot walk again until my leg is fixed. I need to walk to work. I need to work to care for my family and my own obligations. So, doc, if all that you have is a shear-strip, then come back when you have my real fix and stop celebrating my broken leg.


“Jim --

Wondering what the American Recovery and Reinvestment Act -- President Obama's stimulus bill -- has accomplished? Look at this:

(Graph showing Bush-era job losses and Obama recovery to near stop loss)

One year ago tomorrow, after tens of thousands of you shared stories and called your representatives, the President signed the American Recovery and Reinvestment Act.

And while this anniversary isn't a cause for celebration, there is reason to be optimistic. This chart makes it clear: We're on the road to recovery.

Still, we know there is a long way to go. Many Americans are still struggling, and creating jobs remains President Obama's top priority.

Click here to learn more about the President's record on the economy, what we're doing to put more Americans back to work, and get easy-to-share information you can pass on to friends and family:

http://my.barackobama.com/Recovery

Thanks for making change happen,

David Plouffe”


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1
Danny Boy

First - stop the job loss.  Second - increase jobs.  Third - reign in debt.  This is practical economics.  And it's working, but slowly.  The graph shows progress in comparison to the prior year.  Has the stimulus produced a miracle?  No.  Did it stem the tide and provide an opportunity to turn things around.  Can we bounce back from the worst economy in decades in the course of 12 months.  No.  Will we come back if these kinds of improvements continue.  Yes! Thank you for broadly distributing this graph and the positive comparison it makes to our country's challenging 2008.

0
YankeeJim

I knew that you folks would like that.

1
Karl Gotthardt - albertacowpoke

Spin is a wonderful thing.  It seems to me the Recovery Act was to keep job losses at 8%, yet they're close to 9.7% now.  I am not sure that this graph is a true reflection of what really happened. 

2
datano lie

Spin is a wonderful thing...Both ways. 8% seemed reasonable under the severity of the adjustment was understood. You can argue the absolute number, empirically you cannot deny the trend.There will be many forced to eat crow ..it isn't going to taste sweet for them

0
YankeeJim

Eating crow isn't so bad, just a little boney.

1
Karl Gotthardt - albertacowpoke

Maybe David Plouffe could also tell us the source of the graph.  If the unemployment rate grew by 2% since the Recovery Act something is fishy. 

0
datano lie

This explains the economic stimulus effects in graph form:graphics8.nytimes.com/images/2010/02/17/business/economy/17leonhardt_graphic/17leonhardt_graphic-popup.jpgIt's a little closer to reality  and independently verifiableI hear that the repubs are now just saying it was coincidental, that the economy would have recovered anywayCaw  to that

0
YankeeJim

Good observation and calculation Karl. Something is fishy.

2
Hugh Askew

"If I could create one job in the private sector by helping to grow a business, that would be one more than Congress has created in the last six months."

Evan Bayh (D-Indiana) said that yesterday morning, 2/16/10.

That is what it "recovery" sounds like without the spin from Our Dear Leader.

1
datano lie

"Caw" - do you want it warm or cold?

0
datano lie

Caw - would you like it served warm or cold?

0
datano lie

Caw - want it cold or warm?

0
YankeeJim

"Caw caw, caw caw" -- Bottlerocket

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