Obama is the Democrat's Reagan

Discussion in 'Politics' started by Chris, Oct 5, 2012.

  1. Chris
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    Chris Gold Member

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    The unemployment story almost exactly mirrors the unemployment story told by the Reagan recession, although this recession was by far more severe in comparison and both had different causes.

 Reagan started his first term with a 7.5% unemployment rate, and during his first term it rose to 10.8% and was over 8% for over two years, and by this time in his presidency when he was seeking reelection, he was at about 7.4%



    This exactly mirrors the Obama Presidency.
     
    Last edited: Oct 5, 2012
  2. Katzndogz
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    Katzndogz Diamond Member

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    You can't have a UE rate of 7.4 and a GDP of 1.3, or only 114,000 jobs actually added.

    To believe that is to believe that Bo is a unicorn that shits skittles.
     
  3. beretta304
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    beretta304 BANNED

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    Is that him?

    [​IMG]

    Oophs! Sorry, my mistake,
     
  4. Chris
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    Chris Gold Member

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    We are an aging country.

    10,000 Americans a day are retiring.

    There is going to be a labor shortage.
     
  5. Chris
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    Chris Gold Member

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    America has added 5 million private sector jobs since the stimulus.

    Here’s what Bush left us with.....

    Aug 2008 - 334,000 net JOBS LOST
    Sep 2008 - 458,000 net JOBS LOST
    Oct 2008 - 554,000 net JOBS LOST
    Nov 2008 - 728,000 net JOBS LOST
    Dec 2008 - 673,000 net JOBS LOST
    Jan 2009 - 779,000 net JOBS LOST
     
  6. Listening
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    Listening Gold Member

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    Romney kicked Obama's ass in the debate.

    Swing states are turning around.

    The senate races are moving more GOP.

    Obama is toast.
     
  7. Lovebears65
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    Lovebears65 Gold Member

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    OBAMA Is NO REAGAN.. Get real!!!
     
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  8. beretta304
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    [​IMG]
     
  9. The Infidel
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    The Infidel EVIL CONSERVATIVE

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    [​IMG]

    Obama is no Ronald Reagan.... just ask these fools.
    [​IMG]
     
  10. PoliticalChic
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    PoliticalChic Diamond Member

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    1. "If you really want to light the fuse of a liberal Democrat, compare Barack Obama's economic performance after 30 months in office with that of Ronald Reagan. It's not at all flattering for Mr. Obama.

    2. Mr. Reagan passed the biggest tax cut ever, combined with an agenda of deregulation, monetary restraint and spending controls. Mr. Obama, of course, has given us a $1 trillion spending stimulus.


    3. By the end of the summer of Reagan's third year in office, the economy was soaring. The GDP growth rate was 5% and racing toward 7%, even 8% growth. In 1983 and '84 output was growing so fast the biggest worry was that the economy would "overheat." In the summer of 2011 we have an economy limping along at barely 1% growth and by some indications headed toward a "double-dip" recession. By the end of Reagan's first term, it was Morning in America. Today there is gloomy talk of America in its twilight.


    4. In any case, what Reagan inherited was arguably a more severe financial crisis than what was dropped in Mr. Obama's lap. You don't believe it? From 1967 to 1982 stocks lost two-thirds of their value relative to inflation, according to a new report from Laffer Associates. That mass liquidation of wealth was a first-rate financial calamity. And tell me that 20% mortgage interest rates, as we saw in the 1970s, aren't indicative of a monetary-policy meltdown."
    Stephen Moore: Obamanonics vs. Reaganomics - WSJ.com
     
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