Which U.S. President Inherited The Worst Mess From His Predecessor?

[Lakhota]

My choices: FDR and Obama.

Posted June 26, 2012 4:39pm by Bob Deitrick

Barack Obama inherited the worst economic disaster of any president since FDR acquired the debacle from Hoover as he entered the White House in 1933. One of Obama’s first acts as President was to sign the American Recovery and Reinvestment Act. The ‘Stimulus,’ as it is called, established a floor for the financial markets so they wouldn’t decline further. Many forget that in the last 17 months of George W’s tenure, the stock market saw an historical loss of 58% from peak to trough. This was worse than any rolling 17-month period during the Great Depression.

Under President Obama’s tenure, to date, we have seen an impressive recovery in the equity markets,making up most of the losses accrued under Bush. Today we stand only 877 points from the highpoint of the DOW of 14,156.53 set on October 9th, 2007.

Barack Obama surpasses his 13 predecessors, including Bill Clinton and Ronald Reagan, relative to the stewardship of our financial markets and most economic indicators. The average annual compound returns for the Dow, S&P500, and NASDAQ have been 17.2%, 25.3% and 31.7% respectively in Obama’s first 3.3 years. This compares to Reagan’s first term results (for the same indices and time period) of 6.86%, 6.16%, and 7.02% respectively.

As for months of recession in their corresponding first terms, Reagan presided over one of the longest recessions (16 months) in our history. In contrast, the recession under Obama lasted five months in 2009. We have seen positive job growth for 26 consecutive months under President Obama, and although it has been painful, one needs to realize we are crawling out of a very deep hole. For ten of the 16 months in the Reagan recession, the unemployment rate exceeded 10%, reaching a high of 10.8% for two months in late fall of 1982. The highest unemployment rate under Obama was one month of 10% in late 2009.

More: By the Numbers: The Economy Under Reagan vs. Obama

 

[Lakhota]

Hello...

 

[Rozman]

Geez why don't you ask to be his girlfriend already....

 

[craner]

POS Obama from POS Obama

 

[Rozman]

I didn't realize an hour has passed already...time once again to praise Obama....

 

[bigrebnc1775]

obama inherited a mess that he and the democratic congress helped to created 2007 and 2008 by design. Who else would gain an advantage with a bad economy and a Republican as president?

 

[craner]

obama inherited a mess that he and the democratic congress helped to created 2007 and 2008 by design. Who else would gain an advantage with a bad economy and a Republican as president?

Geez there are some wise folks on this board afterall!

 

[rdean]

Obama by far.

 

[tjvh]

Which U.S. President Inherited The Worst Mess From His Predecessor?
Obama 2012... He inherited one hell of a mess from the guy who was elected back in 2008.

 

[bigrebnc1775]

Obama by far.

Yep those democrats sure did fuck things up intentionally and you fell for it.

 

[TheOldSchool]

Teddy. I don't know what he inherited, but I'm sure he manhandled it.

 

[craner]

Which U.S. President Inherited The Worst Mess From His Predecessor?
Obama 2012... He inherited one hell of a mess from the guy who was elected back in 2008.

 

[Annie]

Grant.

 

[Lakhota]

Grant.

Why?

 

[TheOldSchool]

Grant.

Ooh if you're gonna get all deep...

George Washington

 

[Annie]

Grant.

Why?

Johnson and the failure of reconstruction. Really, you are asking this?

 

[Lakhota]

Grant.

Why?

Johnson and the failure of reconstruction. Really, you are asking this?

Grant had it easy compared to FDR and Obama.

 

[Annie]

Why?

Johnson and the failure of reconstruction. Really, you are asking this?

Grant had it easy compared to FDR and Obama.

Only if one is an idiot looking at the country at the time.

 

[Article 15]

Why?

Johnson and the failure of reconstruction. Really, you are asking this?

Grant had it easy compared to FDR and Obama.

Disagree.

 

[tyroneweaver]

My choices: FDR and Obama.

Posted June 26, 2012 4:39pm by Bob Deitrick

Barack Obama inherited the worst economic disaster of any president since FDR acquired the debacle from Hoover as he entered the White House in 1933. One of Obama’s first acts as President was to sign the American Recovery and Reinvestment Act. The ‘Stimulus,’ as it is called, established a floor for the financial markets so they wouldn’t decline further. Many forget that in the last 17 months of George W’s tenure, the stock market saw an historical loss of 58% from peak to trough. This was worse than any rolling 17-month period during the Great Depression.

Under President Obama’s tenure, to date, we have seen an impressive recovery in the equity markets,making up most of the losses accrued under Bush. Today we stand only 877 points from the highpoint of the DOW of 14,156.53 set on October 9th, 2007.

Barack Obama surpasses his 13 predecessors, including Bill Clinton and Ronald Reagan, relative to the stewardship of our financial markets and most economic indicators. The average annual compound returns for the Dow, S&P500, and NASDAQ have been 17.2%, 25.3% and 31.7% respectively in Obama’s first 3.3 years. This compares to Reagan’s first term results (for the same indices and time period) of 6.86%, 6.16%, and 7.02% respectively.

As for months of recession in their corresponding first terms, Reagan presided over one of the longest recessions (16 months) in our history. In contrast, the recession under Obama lasted five months in 2009. We have seen positive job growth for 26 consecutive months under President Obama, and although it has been painful, one needs to realize we are crawling out of a very deep hole. For ten of the 16 months in the Reagan recession, the unemployment rate exceeded 10%, reaching a high of 10.8% for two months in late fall of 1982. The highest unemployment rate under Obama was one month of 10% in late 2009.

More: By the Numbers: The Economy Under Reagan vs. Obama

gee I wonder what a resident of Greenbay Wisconsins favorite football team is.