Obama Outperforms Reagan On Jobs, Growth And Investing

[Chris]

President Reagan has long been considered the best modern economic President. So we compared his performance dealing with the oil-induced recession of the 1980s with that of President Obama and his performance during this ‘Great Recession.’
“As this unemployment chart shows, President Obama’s job creation kept unemployment from peaking at as high a level as President Reagan, and promoted people into the workforce faster than President Reagan.
“President Obama has achieved a 6.1% unemployment rate in his sixth year, fully one year faster than President Reagan did. At this point in his presidency, President Reagan was still struggling with 7.1% unemployment, and he did not reach into the mid-low 6% range for another full year. So, despite today’s number, the Obama administration has still done considerably better at job creating and reducing unemployment than did the Reagan administration.
Obama Outperforms Reagan On Jobs Growth And Investing - Forbes

 

[chikenwing]

Bwhahahah the real unemployment numbers are very much different than yours

 

[CrusaderFrank]

The main difference between Reagan and Obama, is that under Reagan being unemployed wasn't considered a job

 

[shart_attack]

Is Obama producing jobs?

Hell yeah, he is!!!

That's what my cousin said, at least: he has five of them.

 

[Chris]

Bwhahahah the real unemployment numbers are very much different than yours

The 3 rules of republican lying...deny, deny, deny,....

 

[Chris]

Americans net worth is up $20 trillion dollars since 2009.
America will be energy independent by 2030.
Unemployment has dropped from 10.2% to 6.1%
The stock market has more than doubled since the stimulus.
10 million private sector jobs have been created since 2009.
GDP has been growing since 2009.
Auto sales are up. Retail sales are up. Home sales are up.
Bin Laden is dead, and GM is alive.
Obama has done a very good job.

 

[chikenwing]

Americans net worth is up $20 trillion dollars since 2009.
America will be energy independent by 2030.
Unemployment has dropped from 10.2% to 6.1%
The stock market has more than doubled since the stimulus.
10 million private sector jobs have been created since 2009.
GDP has been growing since 2009.
Auto sales are up. Retail sales are up. Home sales are up.
Bin Laden is dead, and GM is alive.
Obama has done a very good job.

So when Bush was in office and the stock market was up,it was evil,so which is it,and what policies has Obama put in place that has caused the market to boom?
10 million??!! you have real numbers to back that claim up?

What policies have been put in place by Obma that have caused any of your claims?

 

[Chris]

“What’s now clear is that the Obama administration policies have outperformed the Reagan administration policies for job creation and unemployment reduction. Even though Reagan had the benefit of a growing Boomer class to ignite economic growth, while Obama has been forced to deal with a retiring workforce developing special needs. During the eight years preceding Obama there was a net reduction in jobs in America. We now are rapidly moving toward higher, sustainable jobs growth.”
- Forbes

 

[Chris]

Americans net worth is up $20 trillion dollars since 2009.
America will be energy independent by 2030.
Unemployment has dropped from 10.2% to 6.1%
The stock market has more than doubled since the stimulus.
10 million private sector jobs have been created since 2009.
GDP has been growing since 2009.
Auto sales are up. Retail sales are up. Home sales are up.
Bin Laden is dead, and GM is alive.
Obama has done a very good job.

So when Bush was in office and the stock market was up,it was evil,so which is it,and what policies has Obama put in place that has caused the market to boom?
10 million??!! you have real numbers to back that claim up?

What policies have been put in place by Obma that have caused any of your claims?

In 2008 our economy went thourgh the worst recession since 1929.Obama took office in 2009 and did the following to help:
- Passed the stimulus without even one Republican vote: As soon as the stimulus passed job growth and unemployment claims started to recover. In all the stimulus ended up suppoorting about 3.5 miilion jobs.
- Bailed out the auto industry: the U.S. auto industry has added nearly 250,000 jobs -- the fastest pace of job growth in more than a decade.
- Passed middle-class tax cuts that provided tax relief for 160 million workers and helped jumpstart the economy.
- Expanded and Accelerated Payment on Government Contracts: The first two years of the Obama Administration saw the largest two-year increase in the percentage of federal contracting dollars going to small businesses in a decade.
And while businesses have created more than 9.7 million private sector jobs in the past 52 months Republcans have blocked the following economic purposals:
- A private-public jobs bill (Reagan idea) that would have been fully paid for and added another 1 million jobs.
- Comprehensive corporate tax reform: this would have stopped rewarding businesses that ship jobs overseas.
- A minimum wage increase: this would have benefited 16 miilion low wage Americans by putting more money in their pockets, and the economy that is 70% based on consumer spending.

 

[Dont Taz Me Bro]

Poll Majority say President Obama a failure - Jonathan Topaz - POLITICO.com

 

[DigitalDrifter]

Do you realize that when Reagan took office mortgage rates were nearly 19% ? I bet a lot of young people didn't realize that.
Think about that for a moment. Obama would have crapped his pants if he would have had to deal with something like that.

 

[DigitalDrifter]

By the way, that 19% mortgage rate gives you an idea of the despair this country went through during the Carter years.

 

[Stephanie]

one thread on this already just wasn't enough

they'll take anything if they have to back George Washington to make Obama out to be some hero

if that's the case he should have a 100% approval rating instead he has a 70% disapproval rating. so I doubt those people are going to buy this BS

Like it would matter anyway.

 

[Chris]

By the way, that 19% mortgage rate gives you an idea of the despair this country went through during the Carter years.

That's because it was an artificial recession created by the Federal Reserve's hiking of interest rates.

And three months after Reagan took office, the North Shore oil started to flow.

 

[Politico]

Bahahahaha! I needed a good laugh.

 

[LoneLaugher]

Poll Majority say President Obama a failure - Jonathan Topaz - POLITICO.com

There, there! Did that make it feel all better?

Deflection from hard facts toward poll numbers such as that is like a warm hug from mommy for some.

 

[bripat9643]

Americans net worth is up $20 trillion dollars since 2009.
America will be energy independent by 2030.
Unemployment has dropped from 10.2% to 6.1%
The stock market has more than doubled since the stimulus.
10 million private sector jobs have been created since 2009.
GDP has been growing since 2009.
Auto sales are up. Retail sales are up. Home sales are up.
Bin Laden is dead, and GM is alive.
Obama has done a very good job.

So when Bush was in office and the stock market was up,it was evil,so which is it,and what policies has Obama put in place that has caused the market to boom?
10 million??!! you have real numbers to back that claim up?

What policies have been put in place by Obma that have caused any of your claims?

Liberals called the 1980s "the decade of greed" because people were making money in the stock market.

 

[bripat9643]

By the way, that 19% mortgage rate gives you an idea of the despair this country went through during the Carter years.

That's because it was an artificial recession created by the Federal Reserve's hiking of interest rates.

And three months after Reagan took office, the North Shore oil started to flow.

You mean the North Sea oil started to flow. However, that's still foreign oil. A few minutes after Reagan was inaugurated oil all over the United States started to flow because Reagan removed the Carter controls on the price of domestic crude oil. That was a result of Reagan's economic policies. You tried to pretend it was just some chance historical event.

 

[Vigilante]

 

[bripat9643]

By the way, that 19% mortgage rate gives you an idea of the despair this country went through during the Carter years.

Interest rates were 19%, inflation was 14% and unemployment was 7.5%. The combination was coined "the misery index."