The President with the worst average unemployment rate since World War II is?

[protectionist]

Maybe you should look up what a recession is. There were none that started under Obama. Zero, zippo, nix, nine, nada

In a 1974 New York Times article, economist Julius Shiskin presented a few benchmark definitions of what constitutes a recession, the most popular of which became the decline in real GDP (a measure of a country’s gross domestic product adjusted for inflation) for two consecutive quarters.

This defintion of a recession has been the standard in college economics classrooms (which I once taught myself), for 50 years. Oh CNN & MSNBC came up with a new one now ?
HA HA HA. Well of course. They needed a coverup for the consecutive recessions of both Obama an equally clueless Biden. I've already posted the charts and numbers. You saw them. I could post them again if you like.

 

[Dagosa]

The monthly unemployment rate for March 2024 was 3.8%. This is the 39th unemployment report with Biden in office, his 39th month recorded for this list. This brings Biden's average unemployment rate for his term in office to date, down from 4.18% in February 2024 to 4.17% in March 2024.

The President with the worst average unemployment rate since World War II is?

Gerald Ford: 7.77%

Average Unemployment Rates for US Presidents since after World War II:

01. Joe Biden: 4.17%
02. Lyndon Johnson: 4.19%
03. Harry Truman: 4.26%
04. Dwight Eisenhower: 4.89%
05. Richard Nixon: 5.00%
06. Donald Trump: 5.01%
07. Bill Clinton: 5.20%
08. George W. Bush: 5.27%
09. John Kennedy: 5.98%
10. George H.W. Bush: 6.30%
11. Jimmy Carter: 6.54%
12. Barack Obama: 7.45%
13. Ronald Reagan: 7.54%
14. Gerald Ford: 7.77%

The labor force participation rate increased in March 2024 to 62.7% from 62.5% in February 2024.

Useless information. If your average IQ for the year after testing every month was 100, but it’s been dropping the last two months to 75, that’s more valuable to know.,it shows you’re now an official Humper,QAnon

 

[Faun]

In a 1974 New York Times article, economist Julius Shiskin presented a few benchmark definitions of what constitutes a recession, the most popular of which became the decline in real GDP (a measure of a country’s gross domestic product adjusted for inflation) for two consecutive quarters.

This defintion of a recession has been the standard in college economics classrooms (which I once taught myself), for 50 years. Oh CNN & MSNBC came up with a new one now ?
HA HA HA. Well of course. They needed a coverup for the consecutive recessions of both Obama an equally clueless Biden. I've already posted the charts and numbers. You saw them. I could post them again if you like.

"Decline," as in "negative," ya flamin' idiot.

 

[healthmyths]

Maybe you should look up what a recession is. There were none that started under Obama. Zero, zippo, nix, nine, nada

Truth is told by others than the MSM but by Democrats including the
Democrat Leader Barney Frank admits it!
FACT:
Obama caused the great recession with his lawsuit in 1995 against Citibank in Chicago. Obama leverage the 1995 lawsuit against Citibank in Chicago that caused the housing collapse!" That settlement was only the tip of the iceberg. When Citibank, in April 1998, sought federal approval for a merger with Travelers Group, it only got OK from the Clinton administration progressives after it promised in May to provide $115 billion for anti-redlining loans.

Subprime Bubble: Obama 'Vampire Socialism' Built It​

Housing Crisis: Previously unpublished court documents reveal that as a young lawyer from Chicago, President Obama's lawsuit against big banks started inflating the housing bubble that created the mess he says he inherited.
We have often written that the true roots of our current economic crisis lay in the excesses of the 1977 Community Reinvestment Act as redefined under the Clinton administration. We have explained how community outreach by banks, under pressure from groups such as Acorn, was transformed into the mandatory credit issuance based not of creditworthiness, but on the basis of "fairness."

Subprime Bubble: Obama 'Vampire Socialism' Built It

Housing Crisis: Previously unpublished court documents reveal that as a young lawyer from Chicago, President Obama's lawsuit against big banks started inflating the housing bubble that created the mess he... Read More

www.investors.com

Fannie Mae and Freddie Mac engaged in massive accounting fraud and other abuses. But Fannie Mae’s collapse was not entirely due to bad policies of its own making.
Pressure from liberal lawmakers like Barney Frank to buy up risky mortgages was also a factor in triggering the mortgage crisis, judging from a story in the New York Times. For example, “a high-ranking Democrat telephoned executives and screamed at them to purchase more loans from low-income borrowers, according to a Congressional source.”
The executives of government-backed mortgage giants Fannie Mae and Freddie Mac “eventually yielded to those pressures, effectively wagering that if things got too bad, the government would bail them out.

Barney Frank Used Influence with Fannie Mae, the Failed Mortgage Giant Bailed Out by Taxpayers - Competitive Enterprise Institute

Former House Banking Committee Chairman Barney Frank (D-Mass.) tenaciously opposed efforts to reform Fannie Mae and Freddie Mac, the government-sponsored mortgage giants that were bailed out at a cost to taxpayers of between $148 billion and $363 billion. Now it turns out that he got his...

cei.org

NOW Barney Frank admitted the linkage caused the great recession.
BUT NOTE Barney Frank in 2021 he re-canted his support for Fannie and Freddie MAE!!
Just to repeat this is what Barney said in 2021.... after he and his boyfriend profited ! ...in a recent CNBC interview, Frank told me that he was ready to say goodbye to Fannie and Freddie.
"I hope by next year we'll have abolished Fannie and Freddie," he said. Remarkable. And he went on to say that
"it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it."
He then added, "I had been too sanguine about Fannie and Freddie."

Barney Frank Comes Home to the Facts | RealClearPolitics

Can you teach an old dog new tricks? In politics, the answer is usually no. Most elected officials cling to their ideological biases, despite the real-world facts that disprove their theories time...

www.realclearpolitics.com

Do you at all understand that this is the history of the Great Recession with it's beginning with Obama?

Maroney: Obama’s hidden role in subprime crisis​

That was the beginning of the real estate bubble, which has affected thousands of homeowners. Barack Obama, along with other activists, pushed banks to make loans to low income African-Americans even though they knew they had the inability to pay off those loans.

Maroney: Obama’s hidden role in subprime crisis

In a rousing speech while running for office, Senator Barack Obama quoted Judge Louis Brandeis, “Sunlight is the greatest disinfectant.” He promised that his administration would be open and transpa…

www.metrowestdailynews.com

Now you can CATERWAUL (which is to make a harsh cry) all you want but THESE ARE THE FACTS! I just don't understand why people like you can't understand how the BIASED MSM has completely hidden information like this from you! Today with the Internet... the truth be known!!!

 

[sealybobo]

Democrats planned the whole pandemic to wreck the economy (Trump's ace card in the 2020 campaign), then they did just that with shutdowns + Pelosi refusing to allow stimulus checks to be sent.

Now they strut around blaming it all on Trump ("his watch"), acting like Biden had it rough because of that.

Not only did Biden NOT have it rough, but the "shit the bed" BY DEMOCRATS, was only in the first 2 quarters of 2020, and that was long over whe Biden took over. Actually. what Biden got handed to him was a GREAT economy of Q 3 & 4 of 2020, with Q3 the largest GDP% in US history.

This is why Biden, a total economic F'ck up, had decent GDPs in his first year (from the influence of the good Trump 2020 quarter (3 & 4).
After these wore off and Biden was on his own in 2022, we saw how horrible our economy could really get, with a clown like Biden in charge,, We had consecutive quarters with BELOW ZERO GDPs, followed by consecutive recessions. As bad as it could be.

300,000 jobs added last month. I know what's wrong with America and you and Trump aint gonna fix that. Dude, the guy is corrupt as they get. It's amazing you're still defending him. As if he has a chance. Love it!

 

[Admiral Rockwell Tory]

The monthly unemployment rate for March 2024 was 3.8%. This is the 39th unemployment report with Biden in office, his 39th month recorded for this list. This brings Biden's average unemployment rate for his term in office to date, down from 4.18% in February 2024 to 4.17% in March 2024.

The President with the worst average unemployment rate since World War II is?

Gerald Ford: 7.77%

Average Unemployment Rates for US Presidents since after World War II:

01. Joe Biden: 4.17%
02. Lyndon Johnson: 4.19%
03. Harry Truman: 4.26%
04. Dwight Eisenhower: 4.89%
05. Richard Nixon: 5.00%
06. Donald Trump: 5.01%
07. Bill Clinton: 5.20%
08. George W. Bush: 5.27%
09. John Kennedy: 5.98%
10. George H.W. Bush: 6.30%
11. Jimmy Carter: 6.54%
12. Barack Obama: 7.45%
13. Ronald Reagan: 7.54%
14. Gerald Ford: 7.77%

The labor force participation rate increased in March 2024 to 62.7% from 62.5% in February 2024.

Did you post the number of new jobs were almost all part time and fulltime employment actually fell? Also, all of those jobs went to the immigrant population mostly in the construction and hospitality industries? Raw numbers do not tell the whole truth.

 

[Toddsterpatriot]

WELL being the smart ass you are PROVE my numbers are wrong! Otherwise you are just another ignorant ass who believes everything the MSM writes. Tell me why haven't there been an honest efforts to prove where we will get the nearly 79% replacement of fossil fuels, and the nearly 1 trillion needed to meet 2032's EV requirements of 50% of light trucks...(NOTE semi-trucks aren't included!! and vehicles?

Every time I examine your numbers, your errors are massive. It's exhausting. Just stop.

You're never correct.

 

[Toddsterpatriot]

HEY idiot Toddsterpatriot said:
How many kWh does a nuclear power plant generate in a year?
How many kWh per solar panel is created?
How many acres does a Wind turbine take?
All that information is found with sources... but I totally understand how these appear complicated and too hard for your peabrain to handle!
But I know that it means nothing to you as you don't ever substantiate your idiotic comments!

View attachment 930246

But I know that it means nothing to you as you don't ever substantiate your idiotic comments!

Ummmmmm..........

Biden puts the cart before the horse...and it will cost YOU $4,161 /month for 20 years!

Yeah, thats what I thought.

www.usmessageboard.com

 

[protectionist]

300,000 jobs added last month. I know what's wrong with America and you and Trump aint gonna fix that. Dude, the guy is corrupt as they get. It's amazing you're still defending him. As if he has a chance. Love it!

View attachment 930325

Wonder what you're going to do when he wins.

 

[Faun]

Did you post the number of new jobs were almost all part time and fulltime employment actually fell? Also, all of those jobs went to the immigrant population mostly in the construction and hospitality industries? Raw numbers do not tell the whole truth.

Only about 15% of part time workers have to work a job for economic reasons.

 

[Faun]

Moron, all Qs in 2015 posted positive GDP growth. There was no contraction, no recession obviously.

Oh look, 3 consecutive declining quarters in 2017-Q3 to 2018-Q1. And then in 2018-Q3 to 2018-Q4.

According to brain-dead gramps, that means we suffered THREE recessions under Trump.

 

[Faun]

SOURCE??? Please how difficult is it to use the Internet and LINK it?

National Employment Monthly Update

Total nonfarm payroll employment rose by 275,000 in February, and the unemployment rate increased to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in government, in food services and drinking places, in social assistance, and in...

www.ncsl.org

NOTE: Biden's nearly 4 year term Average AFTER Covid recovery... 4.1%
Trump's 4 years excluding Covid exception of 8.1% or 4.0% less than Biden who HAD benefit of increased hiring.
Trump's 4 years INCLUDING 2020 8.1% or average for 4 years...5.0%
FACTS folks easy to come by!

View attachment 930120

Holy fuck.

As Toddster pointed out... and as I have pointed out in the past... you always hurt yourself when you play with numbers.

Moron, you idiotically averaged each year separately and then averaged each of those 4 results; whereas you should have just averaged their respective entire terms in one shot. While the differences are slight, it reveals yet again you don't know what the fuck you're doing with numbers.

Case in point, you averaged 5.4, 3.7, 3.6 & 3.8 for Biden and came up with 4.1%. But had you done it correctly and averaged Biden's numbers from 1/21-3/24, the result is 4.2%.

And since you want to exclude Trump's worst numbers by eliminating covid to come up with 4.0%, I say we do the same for Biden and exclude his first 6 months where he inherited a high unemployment rate of 6.4% (according to you, which I'll get to next). Again, using your figures, Biden is at 3.9%.

And last and funniest -- your numbers are wrong. Where the fuck did you get them from??

Here are the figures from the BLS... Compare them to the shit you posted. Many months you posted are wrong.

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2017	4.7	4.6	4.4	4.4	4.4	4.3	4.3	4.4	4.3	4.2	4.2	4.1
2018	4	4.1	4	4	3.8	4	3.8	3.8	3.7	3.8	3.8	3.9
2019	4	3.8	3.8	3.7	3.6	3.6	3.7	3.6	3.5	3.6	3.6	3.6
2020	3.6	3.5	4.4	14.8	13.2	11	10.2	8.4	7.8	6.8	6.7	6.7
2021	6.4	6.2	6.1	6.1	5.8	5.9	5.4	5.1	4.7	4.5	4.1	3.9
2022	4	3.8	3.6	3.7	3.6	3.6	3.5	3.6	3.5	3.6	3.6	3.5
2023	3.4	3.6	3.5	3.4	3.7	3.6	3.5	3.8	3.8	3.8	3.7	3.7
2024	3.7	3.9	3.8

Now back away slowly from posting numbers before you permanently injure yourself.

 

[Dagosa]

Truth is told by others than the MSM but by Democrats including the
Democrat Leader Barney Frank admits it!
FACT:
Obama caused the great recession with his lawsuit in 1995 against Citibank in Chicago. Obama leverage the 1995 lawsuit against Citibank in Chicago that caused the housing collapse!" That settlement was only the tip of the iceberg. When Citibank, in April 1998, sought federal approval for a merger with Travelers Group, it only got OK from the Clinton administration progressives after it promised in May to provide $115 billion for anti-redlining loans.

Subprime Bubble: Obama 'Vampire Socialism' Built It​

Housing Crisis: Previously unpublished court documents reveal that as a young lawyer from Chicago, President Obama's lawsuit against big banks started inflating the housing bubble that created the mess he says he inherited.
We have often written that the true roots of our current economic crisis lay in the excesses of the 1977 Community Reinvestment Act as redefined under the Clinton administration. We have explained how community outreach by banks, under pressure from groups such as Acorn, was transformed into the mandatory credit issuance based not of creditworthiness, but on the basis of "fairness."

Subprime Bubble: Obama 'Vampire Socialism' Built It

Housing Crisis: Previously unpublished court documents reveal that as a young lawyer from Chicago, President Obama's lawsuit against big banks started inflating the housing bubble that created the mess he... Read More

www.investors.com

Fannie Mae and Freddie Mac engaged in massive accounting fraud and other abuses. But Fannie Mae’s collapse was not entirely due to bad policies of its own making.
Pressure from liberal lawmakers like Barney Frank to buy up risky mortgages was also a factor in triggering the mortgage crisis, judging from a story in the New York Times. For example, “a high-ranking Democrat telephoned executives and screamed at them to purchase more loans from low-income borrowers, according to a Congressional source.”
The executives of government-backed mortgage giants Fannie Mae and Freddie Mac “eventually yielded to those pressures, effectively wagering that if things got too bad, the government would bail them out.

Barney Frank Used Influence with Fannie Mae, the Failed Mortgage Giant Bailed Out by Taxpayers - Competitive Enterprise Institute

Former House Banking Committee Chairman Barney Frank (D-Mass.) tenaciously opposed efforts to reform Fannie Mae and Freddie Mac, the government-sponsored mortgage giants that were bailed out at a cost to taxpayers of between $148 billion and $363 billion. Now it turns out that he got his...

cei.org

NOW Barney Frank admitted the linkage caused the great recession.
BUT NOTE Barney Frank in 2021 he re-canted his support for Fannie and Freddie MAE!!
Just to repeat this is what Barney said in 2021.... after he and his boyfriend profited ! ...in a recent CNBC interview, Frank told me that he was ready to say goodbye to Fannie and Freddie.
"I hope by next year we'll have abolished Fannie and Freddie," he said. Remarkable. And he went on to say that
"it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it."
He then added, "I had been too sanguine about Fannie and Freddie."

Barney Frank Comes Home to the Facts | RealClearPolitics

Can you teach an old dog new tricks? In politics, the answer is usually no. Most elected officials cling to their ideological biases, despite the real-world facts that disprove their theories time...

www.realclearpolitics.com

Do you at all understand that this is the history of the Great Recession with it's beginning with Obama?

Maroney: Obama’s hidden role in subprime crisis​

That was the beginning of the real estate bubble, which has affected thousands of homeowners. Barack Obama, along with other activists, pushed banks to make loans to low income African-Americans even though they knew they had the inability to pay off those loans.

Maroney: Obama’s hidden role in subprime crisis

In a rousing speech while running for office, Senator Barack Obama quoted Judge Louis Brandeis, “Sunlight is the greatest disinfectant.” He promised that his administration would be open and transpa…

www.metrowestdailynews.com

Now you can CATERWAUL (which is to make a harsh cry) all you want but THESE ARE THE FACTS! I just don't understand why people like you can't understand how the BIASED MSM has completely hidden information like this from you! Today with the Internet... the truth be known!!!

That’s a lot of wasted unread space. You Humpers are absolutely batshit crazy. You just make up shit lIke you live in a different world…..10 f the last 11 recession were started under Republican admins with Carter having the only exception. Now you can babble and give options all you want but it doesn’t mean shit.

Hilarious, you write the word FACT like that’s what it is. No bubba, you actually need facts not Fix News crappolla..

 

[healthmyths]

That’s a lot of wasted unread space. You Humpers are absolutely batshit crazy. You just make up shit lIke you live in a different world…..10 f the last 11 recession were started under Republican admins with Carter having the only exception. Now you can babble and give options all you want but it doesn’t mean shit.

Hilarious, you write the word FACT like that’s what it is. No bubba, you actually need facts not Fix News crappolla..

And your response provides PROOF that people like you with an attention span of can't handle
FACTS! For one thing I bet you have no Idea who Barney Frank is let alone what the term "redlining" means. Or Fannie & Freddie or the history of the "great recession" again started with Obama's 1995 lawsuit against lending companies that restricted loans to areas "red lining" that had a history of poor credit or repayments of loans. With that lawsuit starting the Federal govt. Fannie & Freddie backing those loans with poor credit, raised the rates on loan payments which in turn caused... A housing bubble is a sustained but temporary condition of over-valued prices and rampant speculation in housing markets. The U.S. experienced a major housing bubble in the 2000s caused by money inflows to housing markets and loose lending conditions.Mar 15, 2024

What Is a Housing Bubble?

A housing bubble is a run-up in home prices fueled by demand, speculation, and exuberance that bursts when demand falls as supply increases.

www.investopedia.com

BUT because you obviously have the below....

 

[AntonToo]

That’s a lot of wasted unread space. You Humpers are absolutely batshit crazy. You just make up shit lIke you live in a different world…..10 f the last 11 recession were started under Republican admins with Carter having the only exception. Now you can babble and give options all you want but it doesn’t mean shit.

Hilarious, you write the word FACT like that’s what it is. No bubba, you actually need facts not Fix News crappolla..

Lets put that in a form a Trumpster can understand:

 

[healthmyths]

Lets put that in a form a Trumpster can understand:

Yup... that's totally 100% correct.
While Donald Trump donated $175,860 more to Democrats than Republicans from 1989 to 2010, his giving to Democrats significantly decreased beginning 2011.

History of Donald Trump's political donations

Ballotpedia: The Encyclopedia of American Politics

ballotpedia.org

He at various times has voiced support of single-payer health care, a 14.25 percent wealth tax, and an assault weapons ban — all positions that he has reversed. In addition, in 1999, he proclaimed Republicans "too crazy right."

Most of Donald Trump's Political Money Went To Democrats — Until 5 Years Ago

The man making a strong showing for the GOP presidential nomination also has a remarkably inconsistent track record as a conservative.

www.npr.org

So why did Trump become a former Democrat?
Remember Trump experienced the "Great Depression" that was totally caused by Obama's 1995 lawsuit that allowed poor credit borrowers get financed by Fannie and Freddie, Federal government loans guaranteed!
So Trump lived through that as did many Democrats... like Barney Frank of whom it seems many of you Trump haters have NO knowledge of!
Barney Frank was a Democrat, Frank served as chairman of the House Financial Services Committee from 2007 to 2011 and was a leading co-sponsor of the 2010 Dodd–Frank Act.

Barney Frank - Wikipedia

en.wikipedia.org

In simple terms for commentators like you with minimum knowledge and KNOWN 8.5 seconds attention span... The "great depression" was caused by Democrats who voted for easing up on credit standards to buy homes. And Trump lived through it as DID I!
Again.. 1995 Obama filed lawsuit against Citibank regarding "red lining" and this relaxing of credit standards
for poorer credit borrowers did as the well known Democrat Barney Frank admits!!
Pressure from liberal lawmakers like Barney Frank to buy up risky mortgages was also a factor in triggering the mortgage crisis, judging from a story in the New York Times. For example, “a high-ranking Democrat telephoned executives and screamed at them to purchase more loans from low-income borrowers, according to a Congressional source.”
The executives of government-backed mortgage giants Fannie Mae and Freddie Mac “eventually yielded to those pressures, effectively wagering that if things got too bad, the government would bail them out.

Barney Frank Used Influence with Fannie Mae, the Failed Mortgage Giant Bailed Out by Taxpayers - Competitive Enterprise Institute

Former House Banking Committee Chairman Barney Frank (D-Mass.) tenaciously opposed efforts to reform Fannie Mae and Freddie Mac, the government-sponsored mortgage giants that were bailed out at a cost to taxpayers of between $148 billion and $363 billion. Now it turns out that he got his...

cei.org

BUT NOTE: Barney Frank in 2021 he re-canted his support for Fannie and Freddie MAE!!
Just to repeat this is what Barney said in 2021.... after he and his boyfriend profited ! ...in a recent CNBC interview, Frank told me that he was ready to say goodbye to Fannie and Freddie.
"I hope by next year we'll have abolished Fannie and Freddie," he said. Remarkable. And he went on to say that"it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it." He then added, "I had been too sanguine about Fannie and Freddie."

Barney Frank Comes Home to the Facts | RealClearPolitics

Can you teach an old dog new tricks? In politics, the answer is usually no. Most elected officials cling to their ideological biases, despite the real-world facts that disprove their theories time...

www.realclearpolitics.com

So to put as AntonToo said... Let's put in terms people like AntonToo can understand:
When you lower credit standards lending money costs go up... hence those with poor credit did a lot of
flipping. A term used to describe purchasing an asset and quickly reselling (or "flipping") it for profit.
The housing sector led not only the financial crisis, but also the downturn in broader economic activity. Residential investment peaked in 2006, as did employment in residential construction.

The Great Recession and Its Aftermath

Explore the Federal Reserve's history

www.federalreservehistory.org

But knowing this goes way over AntonToo's , head along with other 8.5 second attention span sufferers,
isn't intended for people like them. No it's for people LIKE TRUMP who recognized the Democrat party
is NOT capable to run the economy.
One quick point about Trump's accomplishments as a GOP president...
Again people like AntonToo don't comprehend the term "offshore"...
Trump's accomplishment in reducing taxes on "offshore" account holders of bringing back $1 Trillion that
did this according to the CBO:
So not only has tax revenue from the $1 trillion but what happened to the $1 trillion???

U.S. Corporations' Repatriation of Offshore Profits: Evidence from 2018

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

 

[AntonToo]

Yup... that's totally 100% correct.
While Donald Trump donated $175,860 more to Democrats than Republicans from 1989 to 2010, his giving to Democrats significantly decreased beginning 2011.

History of Donald Trump's political donations

Ballotpedia: The Encyclopedia of American Politics

ballotpedia.org

He at various times has voiced support of single-payer health care, a 14.25 percent wealth tax, and an assault weapons ban — all positions that he has reversed. In addition, in 1999, he proclaimed Republicans "too crazy right."

Most of Donald Trump's Political Money Went To Democrats — Until 5 Years Ago

The man making a strong showing for the GOP presidential nomination also has a remarkably inconsistent track record as a conservative.

www.npr.org

So why did Trump become a former Democrat?
Remember Trump experienced the "Great Depression" that was totally caused by Obama's 1995 lawsuit that allowed poor credit borrowers get financed by Fannie and Freddie, Federal government loans guaranteed!
So Trump lived through that as did many Democrats... like Barney Frank of whom it seems many of you Trump haters have NO knowledge of!
Barney Frank was a Democrat, Frank served as chairman of the House Financial Services Committee from 2007 to 2011 and was a leading co-sponsor of the 2010 Dodd–Frank Act.

Barney Frank - Wikipedia

en.wikipedia.org

In simple terms for commentators like you with minimum knowledge and KNOWN 8.5 seconds attention span... The "great depression" was caused by Democrats who voted for easing up on credit standards to buy homes. And Trump lived through it as DID I!
Again.. 1995 Obama filed lawsuit against Citibank regarding "red lining" and this relaxing of credit standards
for poorer credit borrowers did as the well known Democrat Barney Frank admits!!
Pressure from liberal lawmakers like Barney Frank to buy up risky mortgages was also a factor in triggering the mortgage crisis, judging from a story in the New York Times. For example, “a high-ranking Democrat telephoned executives and screamed at them to purchase more loans from low-income borrowers, according to a Congressional source.”
The executives of government-backed mortgage giants Fannie Mae and Freddie Mac “eventually yielded to those pressures, effectively wagering that if things got too bad, the government would bail them out.

Barney Frank Used Influence with Fannie Mae, the Failed Mortgage Giant Bailed Out by Taxpayers - Competitive Enterprise Institute

Former House Banking Committee Chairman Barney Frank (D-Mass.) tenaciously opposed efforts to reform Fannie Mae and Freddie Mac, the government-sponsored mortgage giants that were bailed out at a cost to taxpayers of between $148 billion and $363 billion. Now it turns out that he got his...

cei.org

BUT NOTE: Barney Frank in 2021 he re-canted his support for Fannie and Freddie MAE!!
Just to repeat this is what Barney said in 2021.... after he and his boyfriend profited ! ...in a recent CNBC interview, Frank told me that he was ready to say goodbye to Fannie and Freddie.
"I hope by next year we'll have abolished Fannie and Freddie," he said. Remarkable. And he went on to say that"it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it." He then added, "I had been too sanguine about Fannie and Freddie."

Barney Frank Comes Home to the Facts | RealClearPolitics

Can you teach an old dog new tricks? In politics, the answer is usually no. Most elected officials cling to their ideological biases, despite the real-world facts that disprove their theories time...

www.realclearpolitics.com

So to put as AntonToo said... Let's put in terms people like AntonToo can understand:
When you lower credit standards lending money costs go up... hence those with poor credit did a lot of
flipping. A term used to describe purchasing an asset and quickly reselling (or "flipping") it for profit.
The housing sector led not only the financial crisis, but also the downturn in broader economic activity. Residential investment peaked in 2006, as did employment in residential construction.

The Great Recession and Its Aftermath

Explore the Federal Reserve's history

www.federalreservehistory.org

But knowing this goes way over AntonToo's , head along with other 8.5 second attention span sufferers,
isn't intended for people like them. No it's for people LIKE TRUMP who recognized the Democrat party
is NOT capable to run the economy.
One quick point about Trump's accomplishments as a GOP president...
Again people like AntonToo don't comprehend the term "offshore"...
Trump's accomplishment in reducing taxes on "offshore" account holders of bringing back $1 Trillion that
did this according to the CBO:
So not only has tax revenue from the $1 trillion but what happened to the $1 trillion???

View attachment 930610

View attachment 930612

U.S. Corporations' Repatriation of Offshore Profits: Evidence from 2018

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

View attachment 930614

HA! Watching your head explode and go on a million tangents is a lot of fun, thanks.

Meanwhile, since Trump said in 2004 that economy seems to do better under Democrats...nothing changed.

Economy posted solid growth under Democrats Obama and Biden, while both Bush W. and Trump presidencies ended in historic recessions.

Better luck next time bub.

 

[Dagosa]

So why did Trump become a former Democrat?

In his own words, he loves the less educated.

 

[Flopper]

Who cares? Presidents don't decide who works or who doesn't.

I'm just curious. Why would you average in the first month or 3 months or 6 months of a president's term implying that he had anything to do with that unemployment rate?

In the ridiculous world of politics, a president is responsible for all things that occur during their term in office. Managing the economy; that is, inflation, recessions, economic growth, unemployment, etc, is not the president's responsibility. Congress passed legislation in the 1930's creating the Federal Reserve, making it responsible for managing the economy, and giving them great power to do so. Yet with almost every presidential election, the incumbent president's future is dependent on the economy. I don't know whether to attribute this to the stupidly of the American people or just there desire to express their dissatisfaction with the economy, as if it would have any effect at all.

 

[dblack]

So, is this the President who spent the most time unemployed in their lifetime. Or what?