Obama's Economic Miracle

[starcraftzzz]

Considered that the financial crises that caused the current slump was bigger then the one that caused the Great Depression 2% Growth and unemployment at 8% is a good achievement.

Now this is funny.

Yes we can turns into well....not we couldn't.

Three plus years into his presidency and you morons still blame one of your own kind. Bush.

When Republicans had control during a financial crises of equal size it resulted in a depression. When democrats had control it was just a recession

 

[starcraftzzz]

"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."

ROTFL. A financial crises isn't stock market drops. A financial crises is were the banking industry implodes resulting in the freezing of credit markets etc. The financial crises that occurred in 2008 was larger then the one that occurred in the Great depression.
Second the 1980's recession was caused by the FED jacking up rates, meaning the 1980s expansion was fueled by the FED bringing rates back down.
Third the 2quarters before Reagan became president the economy was growing by over 2% and adding around 100,000 jobs per month


Hey dumbass Obama's tax cuts were around the same size (as a % of GDP) as Reagan only the vast majority of Obamas cuts went to people making less then 100,000 while the vast majroity of Reagan's when to people making over 200,000.

But that borrowing financed a remarkable and prolonged economic expansion and a victory against the Evil Empire in the Cold War. What exactly have Mr. Obama's deficits gotten us?"

Well lets see the stimulus created 4million jobs, and investments in it will save the overall economy several trillion dollars in a 10 year period.
The small business bill which provide tax credits, loans, and aid to small businesses created 1.5millon jobs.
His energy efficiency programs such as BBI, Building star and other measures have created .5million jobs and will save the overall economy tens of billions of dollars.
Lets see what did the Reagan deficits get us. Well we had more bombs, I'm sure that made living standards better, other then that millionaires got more money.

If all of that is true, why are the 3,800,000 fewer jobs than there were 4 years ago?

Because there was a housing bubble and a financial crises bigger then the one that caused the great depression. I mean seriously have you been under a rock the past 5 years or are you just stupid?

 

[starcraftzzz]

ROTFL only a dumbass thinks Reagan caused the tech boom. However he did cause the S&L crises with deregulation of which it cost the economy hundreds of billions of dollars
Furthermore it was the Democrat congress in 1993 that balanced the budget; I will give credit for the GOP for sticking with the Democrat budget priorities though.

No only a dumbass would give government any credit at all for causing a boom.

Economic conditions were good so that technology advancements could take place.

And the same for the S&L's. The way you cretins portray it, he masterminded the entire thing. To bad all the regulations that you insisted on following the problem didn't stick and we got hit again (thanks Barney). And don't bother going after P.G. It does not work. Frank sat there in the face of serious questioning and said there was NO ISSUE.

And how did the dems balance the budget...there was revenue aplenty. Unless you are somehow going to try and sell the idea that democrats actually CUT spending. Now that would be FUNNY.

No dumbass we portray it is. Reagan deregulated S&L and as a result they imploded and it cost the economy hundreds of billions of dollars
The Dems in 1993 passage budget measures the set the stages for a balanced budget; the GOP just stuck with what the Dems originally passed

I'll have what he's having.

Either you want to have a dose of relaeity or you're a brainwashed dumbass
http://www.bea.gov/iTable/iTable.cfm?ReqID=9&step=1
Bureau of Labor Statistics Data
Federal Government Deficit Graph
Reagan, Obama, Austerity - NYTimes.com

Yup! no doubt about it. There is no deficit today. The debt is bing reduced. Our respect around the world is being improved. The society is uniting behind the wise leader and the jobs picture is just getting better all the time.
?

Hey dumbass the facts that you rejected because you a dumbass where these. Nice try at distracting.
Given that Reagan inherited a budget deficit around 1% of GDP, an economy growing at around 2%, and Obama inherited a budget deficit over 10% of GDP and an economy shrinking at around 6% anyone who concludes that Reagan performed better then Obama is either being dishonest or is a brainwashed tool.
Only 10% of the current deficit is due to Obama polices, while the vast majority of Reagan's deficit was due to Reagan policies.
Also if government spending under Obama had increased at the same rate under Reagan then the unemployment rate would actually be lower now then it was at the same time under Reagan.

Again, you're delusional. Reagan came within .85% of the vote in Minnesota, Mondale's home state, of carrying all 50 states.

Are you sure the Big 0 is heading in the same direction?

I notice that you can't post any of Reagasn accomplishments because he had non and instead resort to talking about how many votes he got. Odd how you can't even form an argument or an intellectual thought

 

[steeliniraq13]

Yeah and dont forget how low gas prices are right now!!! Obama is awesome and his policy of helping Americans realize they need to buy new high gas mileage cars will help the economy boom over the next few months as gas goes over $5 a gallon!

In all reality Americans are starting to panic and we have been seeing it in our community (right outside a military base). The average American cant afford what is happening right now and i have to question if anyone that doesnt have to worry about gas prices really understand how bad things are right now for the average person.

 

[rdean]

I think Obama's economic performance will give Republicans a lot to worry about in November. His handling of the economy has been almost on par with his grasp of US Constitutional Law.

Consider, the Obama Economic Miracle:

4 straight years of almost 92% employment

Only downgraded once!

Reagan, the Decade of Greed President had whole budgets that were less than Obama deficits!

And he did it all without ever signing a single budget

No no, you must thank the Republicans. For putting our economy into the good shape they handed Obama. Give credit where credit is due.

Trickle down.

 

[Clementine]

I think Obama's economic performance will give Republicans a lot to worry about in November. His handling of the economy has been almost on par with his grasp of US Constitutional Law.

Consider, the Obama Economic Miracle:

4 straight years of almost 92% employment

Only downgraded once!

Reagan, the Decade of Greed President had whole budgets that were less than Obama deficits!

And he did it all without ever signing a single budget

BBM I agree with that, but for different reasons. Health care reform showed us how Obama and the Dems understand the constitution.

 

[CrusaderFrank]

Yeah and dont forget how low gas prices are right now!!! Obama is awesome and his policy of helping Americans realize they need to buy new high gas mileage cars will help the economy boom over the next few months as gas goes over $5 a gallon!

In all reality Americans are starting to panic and we have been seeing it in our community (right outside a military base). The average American cant afford what is happening right now and i have to question if anyone that doesnt have to worry about gas prices really understand how bad things are right now for the average person.

Have you checked your tire pressure lately?

[ame=http://www.youtube.com/watch?v=XzZNP4tTfV0]Sen. Barack Obama's answer to meeting energy demands - YouTube[/ame]

 

[CrusaderFrank]

I think Obama's economic performance will give Republicans a lot to worry about in November. His handling of the economy has been almost on par with his grasp of US Constitutional Law.

Consider, the Obama Economic Miracle:

4 straight years of almost 92% employment

Only downgraded once!

Reagan, the Decade of Greed President had whole budgets that were less than Obama deficits!

And he did it all without ever signing a single budget

No no, you must thank the Republicans. For putting our economy into the good shape they handed Obama. Give credit where credit is due.

Trickle down.

Dems 2008: These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis

Dems 2012: These two entities—Social Security and Medicare—are not facing any kind of financial crisis

 

[Listening]

I think Obama's economic performance will give Republicans a lot to worry about in November. His handling of the economy has been almost on par with his grasp of US Constitutional Law.

Consider, the Obama Economic Miracle:

4 straight years of almost 92% employment

Only downgraded once!

Reagan, the Decade of Greed President had whole budgets that were less than Obama deficits!

And he did it all without ever signing a single budget

No no, you must thank the Republicans. For putting our economy into the good shape they handed Obama. Give credit where credit is due.

Trickle down.

We do give credit to the morons in the congress who took over in 2006 and who insisted there was no chance of a housing bubble.

Are you always this partisan or is your capacity for rational thought really measured in angstroms ?

 

[Avatar4321]

Again, you're delusional. Reagan came within .85% of the vote in Minnesota, Mondale's home state, of carrying all 50 states.

Are you sure the Big 0 is heading in the same direction?

I honestly think Obama is heading in Mondale's direction.

 

[Avatar4321]

When Republicans had control during a financial crises of equal size it resulted in a depression. When democrats had control it was just a recession

You're joking, right?

The 1920 Depression was one of the shortest in history. Harding & Coolidge cut taxes and cut spending and the unemployment rate actually around 2%. Which is completely unprecedented, even under the Reagan administration (Imagine how Reagan's economic growth could have been if he had succeeded at getting the spending cuts he was promised.)

The 1929 Depression, unfortunately, had progressives Hoover and then FDR in control. They tried to micromanage the economy with government planning. They constantly interfered. The Depression lasted for 12 freakin years.

Shockingly, Obama is doing the same thing and we aren't recovering. Could it be just a coincidence that when government interferes more in the market, the recovery takes longer? Or is this a historic pattern?

I would argue the latter.

Of course, getting out of the people's way is only one part of the solution. The other part of the solution is for the people to live moral lives. You can't have a strong economy without a moral people.

 

[Listening]

Again, you're delusional. Reagan came within .85% of the vote in Minnesota, Mondale's home state, of carrying all 50 states.

Are you sure the Big 0 is heading in the same direction?

I honestly think Obama is heading in Mondale's direction.

The Royal Flush.

 

[gallantwarrior]

When people vote, they don't base it on statistics, economic forecasts or what pundits tell them to think. They look around into their own lives. That's what they base their votes on.

According to experts, election day had Jimmy Carter at 68% with Ronald Reagan at 31%. When Arnold Schwarzeneggar was elected governor, Cruz Bustamante led by double digits. The experts had Bush with 37% of the women's vote. He actually got 43% of the women's vote.

The words Are YOU better off than you were four years ago, is quite profound. When each person sits down, after they went to the grocery store, put gas in the car and evaluated what was left out of their unemployment check they will have to decide whether or not they can afford to turn on the lights.

As bad as it is now, obama has plans to make things even worse during the summer. He was persuaded not to enrage the public by closing all the public pools in the country over the summer. That will come this fall when the impact won't be as bad. But he is implenting his plan to close power plants, shutter coal mines, skyrocket energy costs and tell people this is wonderful because he's saving the environment. He might believe he's saving the environment, but when ordinary people decide who to vote for, the environment might not mean that much to him personally.

Are you taking into consideration all those who voted for him in '08 'cause he was black, like them? There are plenty, even some on this forum, who will vote for him 'cause he's black, like them. There is no other reason to vote for Obama, other than he's black, like them.

 

[gallantwarrior]

The only correct course of action would be for the nation to divide and let libs run their own geography any way they want. It's been done before.

When Germany was divided between East and West, the conservative west prospered and East Germany mired in communist imposed poverty.

What's the people's paradise of North Korea like compared to the capitalist wasteland of South Korea.

Really? Is that why Liberal states have 25% higher GDP per capital, higher living standards, 1/3rd the poverty, more employment, 80% less corruption, less pollution, higher income, better quality/access to health care despite getting on average 25% less money from the federal government?

Can you post a link to that data? Thanks.

 

[gallantwarrior]

The only correct course of action would be for the nation to divide and let libs run their own geography any way they want. It's been done before.

When Germany was divided between East and West, the conservative west prospered and East Germany mired in communist imposed poverty.

What's the people's paradise of North Korea like compared to the capitalist wasteland of South Korea.

I agree. Let's divide up the country. But lets FIGHT over it. I don't think the anti second amendment, anti military, pussy leftists could hold on to much. They'd want to protest and sing Kumbaya. So give them Maine and we'll take the rest, by force.

I'm all for leaving the libtards everything south of San Fran, Boston south to Richmond. That should be enough. We can clean out the other blue nests and send the inhabitants to the blue regions, to live happily ever after.

 

[starcraftzzz]

I think Obama's economic performance will give Republicans a lot to worry about in November. His handling of the economy has been almost on par with his grasp of US Constitutional Law.

Consider, the Obama Economic Miracle:

4 straight years of almost 92% employment

Only downgraded once!

Reagan, the Decade of Greed President had whole budgets that were less than Obama deficits!

And he did it all without ever signing a single budget

No no, you must thank the Republicans. For putting our economy into the good shape they handed Obama. Give credit where credit is due.

Trickle down.

We do give credit to the morons in the congress who took over in 2006 and who insisted there was no chance of a housing bubble.

Are you always this partisan or is your capacity for rational thought really measured in angstroms ?

Do you also blame the conservatives who deregulated the banks of which the deregualtion caused the housing bubble/banking crises or are you a partisan hack?

 

[starcraftzzz]

The only correct course of action would be for the nation to divide and let libs run their own geography any way they want. It's been done before.

When Germany was divided between East and West, the conservative west prospered and East Germany mired in communist imposed poverty.

What's the people's paradise of North Korea like compared to the capitalist wasteland of South Korea.

Really? Is that why Liberal states have 25% higher GDP per capital, higher living standards, 1/3rd the poverty, more employment, 80% less corruption, less pollution, higher income, better quality/access to health care despite getting on average 25% less money from the federal government?

Can you post a link to that data? Thanks.

I already posted it but I'll repost it again
Red state are more corrupt
The Most Corrupt States - The Daily Beast
Red states have 25% less GDP per capital
List of U.S. states by GDP - Wikipedia, the free encyclopedia
Blue states have 1/3rd the poverty
List of U.S. states by poverty rate - Wikipedia, the free encyclopedia
Blue states have more access/better quality health care
Texas and Mass. Still at Health Coverage Extremes in U.S.
This is despite Red states getting around 50% more in federal funds then blue states
The Tax Foundation - Federal Spending Received Per Dollar of Taxes Paid by State, 2005

 

[starcraftzzz]

When Republicans had control during a financial crises of equal size it resulted in a depression. When democrats had control it was just a recession

You're joking, right?
The 1920 Depression was one of the shortest in history. Harding & Coolidge cut taxes and cut spending and the unemployment rate actually around 2%. Which is completely unprecedented, even under the Reagan administration (Imagine how Reagan's economic growth could have been if he had succeeded at getting the spending cuts he was promised.)[/quote[
I see so according to you having a recession in 1918, 1920, then in 1923 is a short recession.

The 1929 Depression, unfortunately, had progressives Hoover and then FDR in control. They tried to micromanage the economy with government planning. They constantly interfered. The Depression lasted for 12 freakin years.

Yes we can thank republican mismanagement of the economy for that. Notice how when Democrats were in control (2007) we didn't have a depression. Furthmroe once FDR took control and implemented liberal polices the recession ended and his period in office saw the highest job growth and GDP growth ever recorded

Shockingly, Obama is doing the same thing and we aren't recovering. Could it be just a coincidence that when government interferes more in the market, the recovery takes longer? Or is this a historic pattern?

I see so according to you going from losing 750,000 jobs a month to adding 100,000-200,000 jobs a month and going from negative GDP growth of around 8% to GDP growth at 2-3% isn't a recovery.

 

[CrusaderFrank]

When Republicans had control during a financial crises of equal size it resulted in a depression. When democrats had control it was just a recession

You're joking, right?
The 1920 Depression was one of the shortest in history. Harding & Coolidge cut taxes and cut spending and the unemployment rate actually around 2%. Which is completely unprecedented, even under the Reagan administration (Imagine how Reagan's economic growth could have been if he had succeeded at getting the spending cuts he was promised.)[/quote[
I see so according to you having a recession in 1918, 1920, then in 1923 is a short recession.

Yes we can thank republican mismanagement of the economy for that. Notice how when Democrats were in control (2007) we didn't have a depression. Furthmroe once FDR took control and implemented liberal polices the recession ended and his period in office saw the highest job growth and GDP growth ever recorded

Shockingly, Obama is doing the same thing and we aren't recovering. Could it be just a coincidence that when government interferes more in the market, the recovery takes longer? Or is this a historic pattern?

I see so according to you going from losing 750,000 jobs a month to adding 100,000-200,000 jobs a month and going from negative GDP growth of around 8% to GDP growth at 2-3% isn't a recovery.

The 1920/1 recession was the shortest in history because of Harding Coolidge and Mellon.

They cuts spending and taxes and let assets, liabilities and labor reprice and in 18 months unemployment dropped from 12% down to 4%