Thursday, March 6, 2014

Annals of derp

From Jim Hoft, often regarded as the "Stupidest man on the Internet", the following chart showing that Obama has impoverished our country by taking everybody's job away:


Or you might look at it a different way, in terms of how the unemployment rate changed during each presidency, showing what each president might be said to have achieved rather than splitting the difference between the beginning and end of his time in office:
i.e., under Clinton from a little over 7% to a little over 4% (creeping upward at the end of his term toward the 2001 slump, one of the mildest in US history), under George W. Bush from a little over 4% toward a high of about 10% before Obama and Bernanke's Federal Reserve were able to bring the situation under control, and under Obama from 10% back down to 6.6% at last report 6.7% as of March 7 (about a year earlier than MarketOracle was predicting in 2012).

You might also note from the convenient chart below that the US and the European Union entirely ceased to track together during the Obama presidency, as Europe followed what can only be described as a Republican policy of stern budget-balancing, while the US did not, as far as Congress allowed us to while the Fed took up some of the slack that Congress refused to carry.
This is really not rocket science.

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