Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Latest Breaking News
In reply to the discussion: The economy added 225,000 jobs in January, showing continued strength [View all]progree
(12,895 posts)35. Yes he did.
FY 2009 belongs to Bush because he signed the spending bills for that fiscal year (and was president when the Great Recession began in December 2007). The deficit was $1,413 billion. As the table in #21 and #32 show, for FY 2017 (which Obama signed the spending bills), the deficit came to $666 billion, well under half of FY 2009, and only 39% of the 2009 deficit when expressed in percent of GDP terms (3.8%/9.8% = 39%)
More on FY 2009: the Fiscal Year 2009 budget (Oct. 1, 2008 - Sept 30, 2009) was signed into law by G.W. Bush. The CBO on January 7, 2009 (13 days before Bush left office) projected a $1.2 trillion deficit for FY 2009. So all but about $200 billion of FY 2009 spending and deficits was "baked in" before Bush left office.
Edit history
Please sign in to view edit histories.
Recommendations
0 members have recommended this reply (displayed in chronological order):
53 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
The economy added 225,000 jobs in January, showing continued strength [View all]
BumRushDaShow
Feb 2020
OP
That "multiple jobs" stuff isn't going to help us. Rate now -- 5.1% -- is lower than in the 1990s.
Hoyt
Feb 2020
#5
Yup, and after Obama did so much to bring it down from G.W. Bushian levels (reminder:
progree
Feb 2020
#21
Important reminder from Catherine Rampell - Trump still underperforms Obama's numbers
Dennis Donovan
Feb 2020
#7
I couldn't find 6.3% or any such backing for "Of all the workers in America, 6.3% are not working."
progree
Feb 2020
#12
Trump threatened NOAA to lie. Nothing that comes out of this Administration can be trusted.
Flaleftist
Feb 2020
#9
From the source: Payroll employment rises by 225,000 in January; unemployment rate little changed
mahatmakanejeeves
Feb 2020
#14
I don't know where to find Census employment specifically, but federal workers increased by 12,000
progree
Feb 2020
#22
Were you thinking of the ADP Employment report? It is released on the Wednesday before
mahatmakanejeeves
Feb 2020
#25
Democrats' argument: The deficit is the largest in the history of this great republic.
She_Totally_Gets_It
Feb 2020
#30
Not quite, it was higher in FY 2009 through FY 2012 both in dollar terms and as percent of GDP
progree
Feb 2020
#32
This is incredibly helpful. I will use this explanation next time I am forced to confront a
She_Totally_Gets_It
Feb 2020
#36
Thanks! I just updated most of my "EF-5. National Debt, Deficits and Surpluses" "page"
progree
Feb 2020
#37
Oh my goddess, it drives me completely up the wall. This is a gem of information.
She_Totally_Gets_It
Feb 2020
#38
The mind-numbing rant, based on a version posted on the first Friday in September 2016:
mahatmakanejeeves
Feb 2020
#43
Real weekly earnings: Obama last 3y: +4.50%, Trump's 3y: +3.18%, Last 12 mo: +0.15%
progree
Feb 2020
#48