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Showing posts with the label Great Depression

Misleading Facebook post regarding unemployment numbers

Following President Obama's State of the Union Address and his claim that our nation is "stronger," I've seen several posts on Facebook from Republican friends of mine about this claim. What has their focus been on exactly? The unemployment rate, where they showcased that we've had more months of being at over 8.0% unemployment under President Obama than we had in all the years before him since 1948. These numbers may be true on the surface, but once again, don't tell the whole story. The unemployment rate was 4.6% on January 1st of 2007, 5.0% on January 1st of 2008, and 7.7% on January 1st of 2009, just before Obama took the reigns away from George W. Bush. See which way those numbers are moving? Obama was then handed the keys to the car which was going 90 mph and inching ever closer to a cliff. The unemployment rate continued to increase at an unheard of rate (outside of the Great Depression) to 9.7% as of January 1st of 2010. However, the unemployment rat...