Obama Outperforms Reagan On Jobs, Growth And Investing

[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.

The Carter administration tried to goose the economy by printing money. That's why inflation went up to 14%. However, that can only work for a short time. Eventually unemployment and interest will begin to rise. The only way to bring it back down is to cut back on the amount of money being injected into the economy. The only way to do that causes interest rates to go up. So calling it "artificial" is a mischaracterization. It was the result of taking one of two bad choices: either interest rates went up, or hyperinflation and economic collapse would ensue.

 

[Stephanie]

They are so desperate to find something to prop up this man Presidency they will fall for anything printed.

there is no comparison between the two men or the times.

 

[Chris]

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."

An artificial recession created by the Federal Reserve.

 

[Chris]

They are so desperate to find something to prop up this man Presidency they will fall for anything printed.

there is no comparison between the two men or the times.

"I believe in the idea of amnesty for those who have put down roots and lived here, even though sometime back they may have entered illegally."
- Ronald Reagan

"It's just plain common sense that there be a waiting period to allow local law-enforcement officials to conduct background checks on those who wish to purchase handguns."
- Ronald Reagan

" We're going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory some of those loophole were understandable, but in practice, they sometimes made it possible for millionaires to pay nothing."
- Ronald Reagan

 

[Mertex]

Bwhahahah the real unemployment numbers are very much different than yours

You mean the edited, revised right-wing version published by Faux News? Yes, we know they are much different.............

 

[Manonthestreet]

You do know official govt formula has been changed at least twice since Reagan.....common sense should tell you this post claims arent possible from the record number not in labor force and record number on assistance.

 

[Stephanie]

I wonder why the author didn't just go all the way back to George Washington

what a joke of pure desperation