It's amazing the lengths that you Obama supporters will go to protect an "image" of who Barry is, Faun! You steadfastly pretend that what Reagan did to stimulate the economy didn't work because if you did admit that he was successful then it begs the question...why hasn't Obama been successful?
Your reading comprehension issues are noted. For exercise, show me in which of my posts did I declare Reagan's policies did not help the economy ......
Quite obviously the answer to that question is that Obama's first priority WASN'T the economy and jobs, as Ronald Reagan's was. Barry went after ObamaCare first and put the economy and jobs on a back burner while he did so. It wasn't even his second priority! He was talking about passing Cap & Trade legislation as his next big goal before the 2010 mid-terms made that an impossibility. By the end of Obama's second year in office his chief economic advisers Larry Summers and Christina Romer were both facing a stark reality...their almost two trillion dollar Keynesian stimulus had been turned into a a liberal "pork fest" by Nancy Pelosi and Harry Reid and so few jobs had been created that they had to fudge the numbers with the whole "jobs created or saved" farce! Both of them saw the writing on the wall and resigned. They didn't do so because they had accomplished the job at hand...they did so because they'd failed epically at creating jobs and stimulating the economy.
Now explain how you generate an "obvious answer" from a question derived from a false premise? That premise being that I "pretended what Reagan did to stimulate the economy didn't work."
I voted twice for Reagan and think he was an excellent president. Just letting you know that in case you need that information when tailoring your next response.
And Obama's policies have failed??
5% GDP, 5.6% unemployment, and 1.3% inflation
And for comparison purposes ... Obama started with 7.8% unemployment and it's currently down to 5.6%. Reagan started with 7.5% unemployment and at this point in his presidency, it was down to only 6.6%.
Actually, if you look at unemployment on the last day of Bush's last budget, unemployment was 10.8%
WTF? Unemployment peaked at 10%, so I have no idea where you get 10.8%. And Bush never signed a budget for FY2009, he signed a continuing resolution in 2008 that carried us through the first half of FY2009.
Let's start with a few facts. This from right wing Cato Institute:
Obama s Budget Spending Too High But Bush Was Worse Cato Liberty
Here is another comparison:
- Spending growth in Bush’s first seven years: 8%, 7%, 6%, 8%, 7%, 3%, 9%.
- Spending growth in Obama’s six years: 13%, 6%, 2%, -3%, 5%, 2%.
Sorry about the 10.8%. I typed this fast and missed the zero and put an 8. But at lease we can agree on the 10%. You do admit it peaked at 10.2%? Good. I know that USMB right wingers are going to scream liar, but so what? When you get to 10.2%, how much worse is 10.8%? If I were going to exaggerate, I would have said 20 or 30. Not a mere 0.6.
Check out "Factcheck.org".
Obama 8217 s Spending 8216 Inferno 8217 or Not
The truth is that the nearly 18 percent spike in spending in fiscal 2009 — for which the president is sometimes blamed entirely — was mostly due to
appropriations and policies that were already in place when Obama took office.
That includes spending for the bank bailout legislation approved by President Bush. Annual increases in amounts actually spent since fiscal 2009 have been relatively modest. In fact, spending for the first seven months of the current fiscal year is running slightly
below the same period last year, and below projections.
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When a new president is sworn in, he carries the budget of the last president until October. The previous budget of the last president doesn't end the very day he leaves office. Everyone knows that. Tell me you know that.
In fact, if you look at the data from the Bureau of Labor Statistics, unemployment peaked at 10.2% in Oct of 2009.
National Employment Monthly Update
National Unemployment Rates, 2008 - 2014
Jan. Feb. Mar. April May June July Aug. Sept. Oct. Nov. Dec.
2014 6.6 6.7 6.7 6.3 6.3 6.1 6.2 6.1 5.9 5.8 5.8 5.6
2013 7.9 7.7 7.5 7.5 7.5 7.5 7.3 7.2 7.2 7.2 7.0 6.7
2012 8.3 8.3 8.2 8.1 8.2 8.2 8.2 8.1 7.8 7.9 7.8 7.8
2011 9.0 8.9 8.8 9.0 9.1 9.2 9.1 9.1 9.1 9.0 8.6 8.5
2010 9.7 9.7 9.7 9.9 9.7 9.5 9.5 9.6 9.6 9.6 9.8 9.4
2009 7.6 8.1 8.5 8.9 9.4 9.5 9.4 9.7 9.8 10.2 10.0 10.0
2008 4.9 4.8 5.1 5.0 5.5 5.6 5.8 6.2 6.2 6.6 6.8 7.2
Budget Process
And we all know, the Federal budgets run from Oct 1 to Oct 1. The Federal budget was in place 4 months BEFORE Obama was sworn into office. That's a fact. That's simply how federal budgets are spread out.