Reagan's First 2 Years - 2.5 Million Jobs Lost

Discussion in 'Economy' started by Toro, Oct 3, 2009.

  1. Toro
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    Toro Diamond Member

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    I guess if we are going to conclude that Obama is just awful because of all the job losses on his watch thus far, I guess we can also conclude that Reagan sucked far, far worse!

    St. Louis Fed: FRED Graph[1][id]=PAYEMS
     
  2. Zander
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    Zander Platinum Member

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    Reagan's policies ended up creating 16 million jobs.
    Gimme a call when Obama gets there.....
     
  3. PLYMCO_PILGRIM
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    PLYMCO_PILGRIM Gold Member

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    How many jobs has Obama lost in 9 months? Employment Situation Summary

    Obama has lost 2.5 million jobs.


    Total nonfarm ...................| -824,000 | -0.6
    Total private ..................| -855,000 | -.8
    Mining and logging............| -23,000 | -3.2
    Construction .................| -152,000 | -2.5
    Manufacturing ................| -67,000 | -.6
    Trade, transportation, and | |
    utilities...................| -282,000 | -1.1
    Information ..................| -36,000 | -1.3
    Financial activities .........| -9,000 | -.1
    Professional and business | |
    services ...................| -111,000 | -.7
    Education and health services.| -57,000 | -.3
    Leisure and hospitality.......| -76,000 | -.6
    Other services ...............| -42,000 | -.8
    Government .....................| 31,000


    EDIT: Ok Ok I was a tiny bit off, Obama has lost 2,503,000 jobs since taking office. I hope he turns it around like reagan did.
     
    Last edited: Oct 3, 2009
  4. Toro
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    Toro Diamond Member

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    So you are saying a short time period is too early to make any judgments? I agree.
     
  5. hjmick
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    hjmick Gold Member

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    What's truly interesting is the way the media has reported the problems now as compared to how they reported them back then.
     
  6. CrusaderFrank
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    CrusaderFrank Diamond Member

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    It took a little more than a year after passing the ERTA and the boom only ended recently with the election of the Marxist with his own Politburo
     
  7. jillian
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    jillian Princess Supporting Member

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    having a political opinion is one thing.

    lying compulsively is another.....

    you need to get a life.
     
  8. CrusaderFrank
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    CrusaderFrank Diamond Member

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    What is the engine that will drive the ObamaEconomy?

    You need to get a clue
     
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  9. AllieBaba
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    AllieBaba BANNED

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    Care to post the facts which support your statement, Jill?

    Of course not. I suggest you need to get a life, yourself.
     
  10. rdean
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    rdean rddean

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    In the late 90s, the Republicans began the "Reagan legacy Project", which basicly rewrote history. They hadn't had a "hero" for years, so the just invented one.

    I remember when Reagan was president. He was considered about as smart as George Bush. He used to say things like, "Trees cause air pollution". and fall asleep in front of the Pope or at international meetings. He wasn't even popular among Republicans.

    All that changed with the "Ronald Reagan Legacy Project". Now, so much of that crap has been repeated, people actually believe it as truth.

    This has been an enormous success for the Republicans. Give it another 10 years and you will see, the "George W. Bush Legacy Project". I can't wait to see what they come up with. Wonder if I will still be alive?

    Reagan on Currency:

    USATODAY.com - Reagan backers want hero on U.S. currency

    JEFF SHESOL seems to sum it up pretty good.

    http://www.nytimes.com/2005/05/22/books/review/22SHESOLL.html?pagewanted=1&_r=1

    as numerous accounts have suggested -- he seemed to go a bit fuzzy, tuning out and even falling asleep in meetings. This is the Reagan whose pose at press conferences -- head cocked, eyes unfocused, lips pursed in puzzlement -- launched a thousand parodies. This is the Reagan whose inattention engendered budget chicanery, vicious staff squalls and Iran-contra.

    Will Bunch Hits the Replay Button to Revisit the Real Reagan Legacy. Americans, It's Time to Give Up the Celluloid Version | BuzzFlash.org

    In fact, there's little evidence that Reagan's tax cuts caused the economic recovery of the mid-1980s -- that was more the result of fiscal policies pursued by Jimmy Carter-appointed Fed chairman Paul Volcker, a steep drop in global oil prices and the normal bounce-back of the business cycle. What his tax cuts did accomplish was to initiate the period of a rising gap between the rich and poor in America, as well as the era of runaway CEO pay and unfettered greed on Wall Street.
     

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