A new Rasmussen Reports national telephone survey “shows just 31% of Likely Voters believe President Obama is doing a good or excellent job handling economic issues, including 12% who say he is doing an excellent job. Forty-eight percent (48%) believe Obama is doing a poor job in this area.”
Republicans jumped on today’s jobs report, but the fact is that during the first six months of this year, the economy gained on average 150,000 jobs per month, while we lost 122,000 jobs per month during the same period in 2008. However, the Unemployment Rate during that period of 2008 was slightly above 5%, while this year, despite so many people dropping out of the labor force, the rate is above 8%.
Results from the latest YouGov poll: Only 24% trust The President the most (compared to Congress, SCOTUS, and political parties) to do the things right. 42% say HCR should be repealed while only 25% say it should be expanded. 47% have a favorable view of the President, and a similar number (44%) have a favorable view of Romney.
With all the joy of today’s report that initial claims dropped to 374,000 from 388,000 a week earlier, let us just go back to June 2008, amidst “the worse economy since the great depression” to see some numbers:
The four week average of initial claims during June 2008 was 384,500 per week. The first report following the July 4’Th holiday came in at 372,000, pushing the four week average downward to 381,375. In contrast, the four week average today July 5th is above 385,000.
During Bush’s second term in office, 62.7 million auto units were sold in the Unites States. During Obama’s current term however, sales are on pace to reach 48.9 million units, (if the second half of 2012 will have similar sales as the first half). This means that auto sales under Obama are 22% weaker than during Bush.
Car sales in the USA for the first six months of 2012 reached an annual rate of 14.1 million units. This comes three years after the end of a recession and with tens of billions of dollars lost and/or still outstanding in the Auto Bailout. However, back in 2008 with no bailout and during a recession, care sales for the first half of the year were on an annual rate of 15.1 million units.
For all of 2008, only 13.3 million units were sold in the Unites States. This illustrates that the real weakening in car sales during 2008 (as with the rest of the economy) happened in the second half of the year.
Recent U.S. Auto Sales Numbers (as per the Gov):
2001 17.2 million
2002 16.8 million
2003 16.6 million
2004 16.8 million
2005 16.9 million
2006 16.5 million
2007 16.2 million
2008 13.3 million
2009 10.5 million
2010 11.6 million
2011 12.8 million
2012 rate of 14.1 million
52% in the Reuters poll oppose ObamaCare. This includes 62% Independents.
“In the new poll, more than half of all registered voters – 53 percent – said they were more likely to vote for their member of Congress if he were running on a platform calling for repeal, up from 46 percent before the ruling,” reports Reuters
According to the Energy Information Administration (EIA), the average USA price for a regular gallon gas in 2012, is $3.68 as of the end of May.
The above average is based on the following month-by-month breakdown:
The current 2012 average for gas prices is above the record average set in 2011 of $3.521
According to the early January 2009 projections of President Obama’s team, the economy was suppose to have 137,550,000 non-farm payrolls by the end of 2010 if a robust Stimulus was put in place. That would be a gain of 3.5 million jobs in a stretch of 23 months: From February 2009 through the end of 2010. On a monthly average, that would be 152,174 additional jobs. If we keep to this average for the fourteen months since after December 2010, the economy should have produced an additional 2.13 million jobs to a total of 139.68 million jobs by the end of February 2012. But instead, current payrolls stand at 132.4 million. This is a shortfall of 7.2 million jobs than what the Stimulus projected.
Indeed, “everyone predicted a great depression,” claims president Obama. But due to his Stimulus, things are not as bad as expected… But then again, we are short 7.2 million jobs and the Unemployment Rate is at 8.3% instead of the projected 6% only because things were after all worse than expected…