Which US President had the most months of below 6% unemployment?

[U2Edge]

Which U.S. President had the most months of below 6% unemployment?

ANSWER: George W. Bush - During the 96 months that George Bush was president, 83 of those months saw the country experience unemployment that was below 6%. No other President in U.S. history has a higher total! In second and third place are Eisenhower with 79 and Clinton with 76.

 

[KissMy]

The headline unemployment rate is a lousy employment indicator. The U6 is better but not best.

Clinton had the best employment record. He simply had the best employment to population ratio & the best labor-force participation rate. Reagan had the biggest rise in the employment rate & Bush had the biggest fall in employment rate.

 

[U2Edge]

The headline unemployment rate is a lousy employment indicator. The U6 is better but not best.

Clinton had the best employment record. He simply had the best employment to population ratio & the best labor-force participation rate. Reagan had the biggest rise in the employment rate & Bush had the biggest fall in employment rate.

Not necessarily. The U6 does not reflect the fact that the ability to find work during the war years 1950-1953 or 1965 to 1970 was easier than during the Clinton years thanks to large numbers of males serving in the military either voluntarily or through the draft. It also does not account for the fact that many women then were stay at home moms doing all the house work including raising the children.

So the difficulty of finding a job during those times is not at all reflected by the U6. Thats why over such a long period of time, the standard unemployment rate is the best measure and is the one economist and political scientist use the most often.

Another point to mention is that Bush's average U6 figures were better than Reagan. Bush was never below the 62% level and is only second to Clinton in regards to U6 figures.

Also, 6 months of the December 2007 to July 2009 recession fall under Obama's watch which means Bush's fall in the U6 is actually about equal to Reagan's in 1981-1982.

 

[Dugdale_Jukes]

Pap Bush was by far the most effective, most strategic-thinking president after IKE.

Plus he had actually worked with some real conservatives.
And as quick as he took the oath he began to undo voodoo economic policy.
For which NeoCon scum bailed on him when Perot surfaced.

No recent president is in the same world.

 

[U2Edge]

Pap Bush was by far the most effective, most strategic-thinking president after IKE.

Plus he had actually worked with some real conservatives.
And as quick as he took the oath he began to undo voodoo economic policy.
For which NeoCon scum bailed on him when Perot surfaced.

No recent president is in the same world.

True, but that is kind of a different topic. This topic is much more narrowly focused.

 

[francoHFW]

Based on the biggest, most corrupt real estate bubble EVER...How'd that work out? PFFFFT!!

 

[Black_Label]

W left office with a total of negative 636,000 jobs and we were losing over 1/2 a million a month. Thanks W!

 

[healthmyths]

Pap Bush was by far the most effective, most strategic-thinking president after IKE.

Plus he had actually worked with some real conservatives.
And as quick as he took the oath he began to undo voodoo economic policy.
For which NeoCon scum bailed on him when Perot surfaced.

No recent president is in the same world.

The topic is most months below 6%!

 

[healthmyths]

W left office with a total of negative 636,000 jobs and we were losing over 1/2 a million a month. Thanks W!

But what would Obama have done if...

The following (4) Four..CATACLYSMIC world shaking events have never EVER occurred in any other presidency!
Sure we've had economic collapses. Sure we had attacks. Sure we've hurricanes.

BUT NONE of them were equal to the following events and NONE of them occurred in the two terms of any president.
For that reason historians with the perspective of time are going to rate Bush as a GREAT President!

DID THIS HAPPEN??
1) Dot.com bust cost $5 trillion in lost market value.. this means every year for 30 years now starting in 2000 the federal revenue is over $20 billion written off against taxes owed.
How many people LOST jobs due to the bust??
According to the Los Angeles Times, when the dot-com bubble burst, it wiped out $5 trillion dollars in market value for tech companies. More than half of the Internet companies created since 1995 were gone by 2004 -
and hundreds of thousands of skilled technology workers were out of jobs.
The dot-com bubble: How to lose $5 trillion ? Anderson Cooper 360 - CNN.com Blogs

DID THIS HAPPEN??
2) Did YOU forget that 9/11 occurred and it cost $2 trillion over the next 30 years again $8 billion will NOT BE PAiD.. was that Bush's fault?
Jobs lost in New York owing to the attacks: 146,100 JUST in New York!!
Year 2001: September 11 Terrorist Attacks
The 9/11 terrorist attacks were the events that helped shape other financial events of the decade. After that terrible day in September 2001, our economic climate was never to be the same again. It was only the third time in history that the New York Stock Exchange was shut down for a period of time. In this case, it was closed from September 10 - 17. Besides the tragic human loss of that day, the economic loss cannot even be estimated. Some estimate that there was over $60 billion in insurance losses alone.
Approximately 18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
The Top 10 Financial Events of the Decade

DID THIS HAPPEN??
3) $1 trillion in written off losses due to the WORST Hurricane SEASONS in history!
The worst Katrina made landfall in Louisiana as a Category 3 in 2005. It took 1,836 lives and caused $81.2 billion in damages. Andrew slammed into South Florida in 1992 as a Category 5. It caused 40 deaths and $30 billion in property damage. More than 250,000 people were left homeless and 82,000 businesses were destroyed or damaged.
Hurricane Katrina ALONE! Year 2005: Hurricanes Katrina and Rita
On August 25, 2005, Hurricane Katrina hit the Gulf Coast of the U.S. as a strong Category 3 or low Category 4 storm. It quickly became the biggest natural disaster in U.S. history, almost destroying New Orleans due to severe flooding.

Hurricane Rita quickly followed Katrina only to make matters worse. Between the two, more than $200 billion in damage was done. 400,000 jobs were lost and 275,000 homes were destroyed. Many of the jobs and homes were never to be recovered. Hundreds of thousands of people were displaced and over 1,000 were killed and more are missing. The effect on oil and gasoline prices was long-lasting.

400,000 jobs due to Hurricanes Katrina/Rita
145,000 jobs in NYC alone due to 9/11
300,000 jobs lost due to dot.com busts.

Almost 1 million jobs alone from those 3 events

All of this while having almost $60 billion a year in tax revenue due to the above losses !

DID THIS HAPPEN??
4) Economic terrorist attack 9/18/2008 or how the world almost came to the end at 2pm on 9/18/2008.
How close to entire collapse the ENTIRE world's economy was on 9/18/2008 when an economic terrorist attack occurred..

On Thursday (Sept 18), at 11am the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury ...estimation is that by 2pm that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it."
Zero Hedge: How The World Almost Came To An End At 2PM On September 18

Oh and did I mention along the way when "Mission Accomplished" occurred after less then six weeks of combat in May 2003.. 10 years ago..that over 1 million Iraq people were
saved from starving? 50,000 people a year were starving under Saddam and when he was removed, (by the way at the request of Kerry,Pelosi, and 90% of the 28 million Iraqis) the
UN mandated embargo was removed.
Researcher Richard Garfield estimated that "a minimum of 100,000 and a more likely estimate of 227,000 excess deaths among young children from August 1991 through March 1998" from all causes including sanctions. Human rights in Saddam Hussein's Iraq - Wikipedia, the free encyclopedia

Again all this happened and at the same time the MSM was bashing the President DAILY!

Well, our job is to bash the president, that's what we do." --
Evan Thomas responding to a question on whether the media's unfair to Bush on the TV talk show Inside Washington,
February 2, 2007.Newsweek's Evan Thomas: 'Our Job Is To Bash the President' | NewsBusters

How can one ignore the FACT that $8 trillion in losses are being written off against tax payments?
How can one ignore that near 1 million jobs were lost DUE to those events?
How can one ignore THAT the results of these events have never been widely share because the biased MSM totally bashes Bush FACTS?
-------------------
When Bush started 131,785,000 people employed.
At the end of 2008 136,790,000 people employed or

5,000,000 more employed then when he took office.

When Bush took office in 2001 GDP was $12.355,271,000,000
when Bush left office in 2008 GDP was $14,359,490,000,000
---------------------------------------------------------------------
A 16% increase in GDP or $2 TRILLION.

ALL of the above GAINS in GDP and people employed IN SPITE of the 4 major world changing events AND the BASHING by the BIASED MSM!
In light of the below, would you not agree with the following statement:
Well, our job is to bash the president, that's what we do." --
Evan Thomas responding to a question on whether the media's unfair to Bush on the TV talk show Inside Washington,
February 2, 2007.Newsweek's Evan Thomas: 'Our Job Is To Bash the President' | NewsBusters

 

[Dont Taz Me Bro]

Based on the biggest, most corrupt real estate bubble EVER...How'd that work out? PFFFFT!!

For once, Komrade Frankie has a valid point.

 

[NYcarbineer]

W left office with a total of negative 636,000 jobs and we were losing over 1/2 a million a month. Thanks W!

But what would Obama have done if...

The following (4) Four..CATACLYSMIC world shaking events have never EVER occurred in any other presidency!
Sure we've had economic collapses. Sure we had attacks. Sure we've hurricanes.

BUT NONE of them were equal to the following events and NONE of them occurred in the two terms of any president.
For that reason historians with the perspective of time are going to rate Bush as a GREAT President!

DID THIS HAPPEN??
1) Dot.com bust cost $5 trillion in lost market value.. this means every year for 30 years now starting in 2000 the federal revenue is over $20 billion written off against taxes owed.
How many people LOST jobs due to the bust??
According to the Los Angeles Times, when the dot-com bubble burst, it wiped out $5 trillion dollars in market value for tech companies. More than half of the Internet companies created since 1995 were gone by 2004 -
and hundreds of thousands of skilled technology workers were out of jobs.
The dot-com bubble: How to lose $5 trillion ? Anderson Cooper 360 - CNN.com Blogs

DID THIS HAPPEN??
2) Did YOU forget that 9/11 occurred and it cost $2 trillion over the next 30 years again $8 billion will NOT BE PAiD.. was that Bush's fault?
Jobs lost in New York owing to the attacks: 146,100 JUST in New York!!
Year 2001: September 11 Terrorist Attacks
The 9/11 terrorist attacks were the events that helped shape other financial events of the decade. After that terrible day in September 2001, our economic climate was never to be the same again. It was only the third time in history that the New York Stock Exchange was shut down for a period of time. In this case, it was closed from September 10 - 17. Besides the tragic human loss of that day, the economic loss cannot even be estimated. Some estimate that there was over $60 billion in insurance losses alone.
Approximately 18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
The Top 10 Financial Events of the Decade

DID THIS HAPPEN??
3) $1 trillion in written off losses due to the WORST Hurricane SEASONS in history!
The worst Katrina made landfall in Louisiana as a Category 3 in 2005. It took 1,836 lives and caused $81.2 billion in damages. Andrew slammed into South Florida in 1992 as a Category 5. It caused 40 deaths and $30 billion in property damage. More than 250,000 people were left homeless and 82,000 businesses were destroyed or damaged.
Hurricane Katrina ALONE! Year 2005: Hurricanes Katrina and Rita
On August 25, 2005, Hurricane Katrina hit the Gulf Coast of the U.S. as a strong Category 3 or low Category 4 storm. It quickly became the biggest natural disaster in U.S. history, almost destroying New Orleans due to severe flooding.

Hurricane Rita quickly followed Katrina only to make matters worse. Between the two, more than $200 billion in damage was done. 400,000 jobs were lost and 275,000 homes were destroyed. Many of the jobs and homes were never to be recovered. Hundreds of thousands of people were displaced and over 1,000 were killed and more are missing. The effect on oil and gasoline prices was long-lasting.

400,000 jobs due to Hurricanes Katrina/Rita
145,000 jobs in NYC alone due to 9/11
300,000 jobs lost due to dot.com busts.

Almost 1 million jobs alone from those 3 events

All of this while having almost $60 billion a year in tax revenue due to the above losses !

DID THIS HAPPEN??
4) Economic terrorist attack 9/18/2008 or how the world almost came to the end at 2pm on 9/18/2008.
How close to entire collapse the ENTIRE world's economy was on 9/18/2008 when an economic terrorist attack occurred..

On Thursday (Sept 18), at 11am the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury ...estimation is that by 2pm that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it."
Zero Hedge: How The World Almost Came To An End At 2PM On September 18

Oh and did I mention along the way when "Mission Accomplished" occurred after less then six weeks of combat in May 2003.. 10 years ago..that over 1 million Iraq people were
saved from starving? 50,000 people a year were starving under Saddam and when he was removed, (by the way at the request of Kerry,Pelosi, and 90% of the 28 million Iraqis) the
UN mandated embargo was removed.
Researcher Richard Garfield estimated that "a minimum of 100,000 and a more likely estimate of 227,000 excess deaths among young children from August 1991 through March 1998" from all causes including sanctions. Human rights in Saddam Hussein's Iraq - Wikipedia, the free encyclopedia

Again all this happened and at the same time the MSM was bashing the President DAILY!

Well, our job is to bash the president, that's what we do." --
Evan Thomas responding to a question on whether the media's unfair to Bush on the TV talk show Inside Washington,
February 2, 2007.Newsweek's Evan Thomas: 'Our Job Is To Bash the President' | NewsBusters

How can one ignore the FACT that $8 trillion in losses are being written off against tax payments?
How can one ignore that near 1 million jobs were lost DUE to those events?
How can one ignore THAT the results of these events have never been widely share because the biased MSM totally bashes Bush FACTS?
-------------------
When Bush started 131,785,000 people employed.
At the end of 2008 136,790,000 people employed or

5,000,000 more employed then when he took office.

When Bush took office in 2001 GDP was $12.355,271,000,000
when Bush left office in 2008 GDP was $14,359,490,000,000
---------------------------------------------------------------------
A 16% increase in GDP or $2 TRILLION.

ALL of the above GAINS in GDP and people employed IN SPITE of the 4 major world changing events AND the BASHING by the BIASED MSM!
In light of the below, would you not agree with the following statement:
Well, our job is to bash the president, that's what we do." --
Evan Thomas responding to a question on whether the media's unfair to Bush on the TV talk show Inside Washington,
February 2, 2007.Newsweek's Evan Thomas: 'Our Job Is To Bash the President' | NewsBusters

So what you're saying is most unemployment/employment rates occur beyond the control of any president.

So stop blaming Obama.

lol

 

[Yurt]

what did bush have to do with the real estate bubble?

i've asked libbies about this and never receive an honest answer.

 

[Black_Label]

what did bush have to do with the real estate bubble?

i've asked libbies about this and never receive an honest answer.

W and the GOP created it, by letting their big banker cronies run wild.

 

[whitehall]

FDR? He was elected in 1932 on a promise to end the recession and under his leadership (or lack of it) the recession turned into a man-killing soup line depression for his next two terms.

 

[USNavyVet]

what did bush have to do with the real estate bubble?

i've asked libbies about this and never receive an honest answer.

W and the GOP created it, by letting their big banker cronies run wild.

That is absolutely not true. Had Barnie Frank listened to Bush and reigned in Freddie and Fannie we may have avoided or pushed back this crisis. Anyway, all of Congress, especially Democrats, love the big bankers with their big donations. Just ask Obama.

 

[whitehall]

what did bush have to do with the real estate bubble?

i've asked libbies about this and never receive an honest answer.

W and the GOP created it, by letting their big banker cronies run wild.

That is absolutely not true. Had Barnie Frank listened to Bush and reigned in Freddie and Fannie we may have avoided or pushed back this crisis. Anyway, all of Congress, especially Democrats, love the big bankers with their big donations. Just ask Obama.

The democrat party gained the majority in Congress in the 2nd half of Bush's 2nd term. That means that the chairmanships of all the critical committees are now the responsibility of the democrat party. Fannie Mae was the responsibility of the House Banking Committee chaired by Barney Frank. The last thing Americans heard from chairman Frank was that "Fannie was solvent" just before the election. It turns out that Fannie wasn't solvent and maybe, just maybe, chairman Frank nudged Fannie over the edge just before the election as the biggest October surprise in history. Nobody in the media was curious enough to ask Frank the important questions and he went on to fame and fortune and marriage to some guy and retired without ever being called before a congressional committee. The collapse of Fannie was never investigated by the democrat controlled congress. Things like that happen when democrats are in charge. .

 

[U2Edge]

Based on the biggest, most corrupt real estate bubble EVER...How'd that work out? PFFFFT!!

83 months is still the record. The fact is, it was on average easier to find a job or keep a job while W was in office than any other President! One can argue why or how it was achieved, but it does not change the fact that it was achieved and it is the RECORD!

 

[U2Edge]

W left office with a total of negative 636,000 jobs and we were losing over 1/2 a million a month. Thanks W!

But that was just the last few months, for the most part, on average, workers had it better under Bush, month after month, than most other Presidents.

 

[Dugdale_Jukes]

Pap Bush was by far the most effective, most strategic-thinking president after IKE.

Plus he had actually worked with some real conservatives.
And as quick as he took the oath he began to undo voodoo economic policy.
For which NeoCon scum bailed on him when Perot surfaced.

No recent president is in the same world.

The topic is most months below 6%!

My pointing out Pap Bush's competency connects directly to HIS unemployment number unless you believe it was a happy accident- as it was with Clinton and his idiot kid. Not to mention it connects to the filthy god damned NeoCon scum who beat him for doing what he could to end voodoo economics.

Next.

 

[U2Edge]

what did bush have to do with the real estate bubble?

i've asked libbies about this and never receive an honest answer.

W and the GOP created it, by letting their big banker cronies run wild.

LOL, who repealed the Glass-Steagall act? It was not W. It was Slick Willy!