17 months is all it took

[auditor0007]

It took Reagan 17 months to straighten out Jimmy Carter's mess he left. Unemployment actually rose during the first months of his presidency to over 10% (sound familiar?) Inflation jumped to 13.5%

Bill Clinton lied last night saying no other president faced what Obama was facing. Reagan's was just as bad if not worse.



Ronald Reagan Presidential Library, National Archives and Records Administration

Reaganomics - Wikipedia, the free encyclopedia

Let's look at the actual numbers here and compare them to Obama's numbers. In January of 1981, the unemployment rate was 7.5%. Over the following two years it jumped to 10.4% By October of 1984, during the final stretch of the election, unemployment was only down to 7.4%, so basically, it hadn't budged during Reagan's first term. It wasn't until Reagan's second term that things really started to improve. These are the facts.

Now let's look at Obama. When he took office, unemployment was at 7.6% and the economy was in a tailspin. By the end of the year we had already surpassed 10% unemployment. That rate has steadily come down, but it has not come down fast, just as it did not come down fast for Reagan. The difference is in perception. In 1984, voters thought Reagan was doing a good job, and he rolled to re-election despite the fact that he hadn't really done anything to improve the economy. Compare that to Obama who while pretty much achieving the same results as Reagan in his first three and a half years, has been crucified for his handling of the economy. It's actually a bit humorous when you compare the two scenarios.

So Reagan did in less than 2 years what Obama hasn't done in four and we're just supposed to give Obama a pass?? You fail to mention runaway inflation Obama didn't have to deal with.

What are you talking about? Are you brain dead? Reagan's were slightly better than Obama's in his first term simply due to the fact that Reagan saw a dramatic increase in public sector jobs. Obama has seen a massive decrease, specifically at the state and local levels. If Obama had seen a similar increase rather than a loss of nearly 700,000 public sector jobs, the unemployment rate would be well under 8%. Unemployment did not improve until Reagan's second term. You really are a twit.