How Obamas economic recovery stacks up against Reagans

[rightwinger]

How Obama's economic recovery stacks up against Reagan's - The Week

Reagan also had a more favorable climate for bringing down the unemployment rate, as CNN's Charles Riley pointed out:

Reagan had an advantage over Obama: The recession of the early 1980s was caused by runaway inflation, which the Federal Reserve countered by hiking interest rates. When inflation dropped, the Fed lowered rates and a massive economic boom resulted.
The major causes of the recent recession were a banking crisis and housing bubble that exploded during President George W. Bush's final months in office.
Another difference: With comparatively small debt loads, Reagan was able to push through a 23 percent across-the-board cut of individual income tax rates. Obama, meanwhile, entered the presidency with substantial budget deficits and an economy contracting at a rate of 6.7 percent

 

[RDD_1210]

This thread should go well.

 

[CrusaderFrank]

Reagan loved and embraced American entrepreneurship and exceptionalism, Obama -- not so much

 

[Pete7469]

Doesn't there actually have to be a recovery happening in order for you to give your moonbat messiah credit for one?

 

[kwc57]

The articles summation says it best.

"However, the side-by-side comparison does help explain why voters still give Obama poor marks on his handling of the economy, and why Republicans have chalked up the economy's mediocre performance to Obama's leadership."

 

[RDD_1210]

Reagan loved and embraced American entrepreneurship and exceptionalism, Obama -- not so much

Link?

 

[rightwinger]

Unlike Reagan, Obama was not expected to cut Government Spending and balanace the budget while attemting to revive the economy

Of course, Reagan also had a Congress that was not trying to cut his legs out from him

 

[RDD_1210]

Doesn't there actually have to be a recovery happening in order for you to give your moonbat messiah credit for one?

Even a bed wetter such as yourself should be able to see there is at least SOME recovery happening.

I mean you may not feel it as you haven't received that promotion to cashier that you were promised, but I can assure you that for those of us with some actual skills, there is very much a recovery happening.

 

[Pete7469]

Unlike Reagan, Obama was not expected to cut Government Spending and balanace the budget while attemting to revive the economy

Of course, Reagan also had a Congress that was not trying to cut his legs out from him

So that bullshit he said about cutting the deficit and paying down the debt was...

Bullshit?

PolitiFact New Jersey | Barack Obama broke promise to cut annual deficit in half by the end of his first term, Rep. Leonard Lance says

Seems like bullshit is pretty common with that asshole.

 

[C_Clayton_Jones]

Unlike Reagan, Obama was not expected to cut Government Spending and balanace the budget while attemting to revive the economy

Of course, Reagan also had a Congress that was not trying to cut his legs out from him

Exactly.

Reagan had a clear political and economic advantage.

 

[Pete7469]

Oh gimmie a fucking break, your moonbat messiah's a fucking victim now?

Then you wonder why people call you bed wetters.

 

[Soggy in NOLA]

What an idiotic thread.... there is no recovery, more Americans toady have flatly given up on full-time work, we have record debt.....

Yeah, great job Barry! 7.9% unemployment.. the new normal in moonbat utopia.

 

[Missouri_Mike]

Unlike Reagan, Obama was not expected to cut Government Spending and balanace the budget while attemting to revive the economy

Of course, Reagan also had a Congress that was not trying to cut his legs out from him

Exactly.

Reagan had a clear political and economic advantage.

Yes, it's called leadership and vision. Neither of which obama has.

 

[Claudette]

Reagan could also work across the aisle.

Barry? He doesn't even try. He won after all as he likes to remind everyone.

 

[M14 Shooter]

Doesn't there actually have to be a recovery happening in order for you to give your moonbat messiah credit for one?

Um... yeah.
By any -objective- quantifier, Jan 1981 -> Aug 1985 was a better economic time than Jan 2009 -> Aug 2013.

 

[rightwinger]

Unlike Reagan, Obama was not expected to cut Government Spending and balanace the budget while attemting to revive the economy

Of course, Reagan also had a Congress that was not trying to cut his legs out from him

Exactly.

Reagan had a clear political and economic advantage.

Reagan and Tip O'Neil had their public squabbles but could go into a back room and work out a deal.

This group of Republicans would not make a deal if their childrens life depended on it

 

[Sallow]

Reagan loved and embraced American entrepreneurship and exceptionalism, Obama -- not so much

By how?

Spending American tax dollars like there was no tomorrow?

I guess all those "Entrepreneurial" types at Raytheon, Grumman, GM and General Dynamics thanked him for "help".

 

[rightwinger]

What an idiotic thread.... there is no recovery, more Americans toady have flatly given up on full-time work, we have record debt.....

Yeah, great job Barry! 7.9% unemployment.. the new normal in moonbat utopia.

Reagan also had interest rates three times higher and much higher inflation
He also can't match doubling the Stock Market

 

[CrusaderFrank]

Unlike Reagan, Obama was not expected to cut Government Spending and balanace the budget while attemting to revive the economy

Of course, Reagan also had a Congress that was not trying to cut his legs out from him

Exactly.

Reagan had a clear political and economic advantage.

Pelosi and Reid were trying to hurt Obama?

Really??

 

[Caroljo]

Oh gimmie a fucking break, your moonbat messiah's a fucking victim now?

Then you wonder why people call you bed wetters.

He's ALWAYS a victim, and it's ALWAYS the fault of someone or something else, never him.