Obama Supporters: How Can This Be???

What drives the out-of-control ODS we see in PC? A combination of stupidity, cult brainwashing, hatred of democracy, and devout asskissing love of Nazis, Communists, jihadists, or any authoritarians in general.

Fortunately, being that ODSers lack gonads, they have difficulty reproducing. So we keep squishing the foul oozy things, and they're unable to replenish their numbers.

Bit you can't argue the numbers, Obama blows.

Maybe you can handle the economic numbers the same way you handle temperature, adjust what you don't like.
 
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Nobody's lying. NYCarb... There are LOTS of true statements you could make about that chart.. ONE of them is that Obama is the FIRST in that chart not to have a single year with over 3% growth..

But that's a VICTORY.. Because leftists see an ever increasing economy as "unsustainable" and a BAD thing. It's a GOAL of leftists to reduce the growth of consumption and use of resources..

One of the statements I'll make is that the chart shows a clear lack of volatility or variance as time goes on. It's like a sputtering engine coming to a gradual silent halt.. You can see that in a graph -- better than in a table..
 
OP- Duh- Our problem is lack of consumer spending, because of mindless GOP obstruction and defending to the death of pander to the rich policy DUH. See sig, dupes.



I'm curious....do you stutter when you try to say "mindless"?
Not a bit, dupe.
Three Charts to Email to Your Right-Wing Brother-In-Law -- Updated



Have someone with an education read and explain post #17 to you ......any third grader will do.

Might have to explain it to you twice.
 
Reagan was a complete failure and that that fact is hidden from most, demonstrates the power of propaganda on the uneducated. Reagan did raise taxes many times even as America became a debtor nation under his management. He also agreed to keep social security solvent so I'll give him that. His plan to protect the nation through star war like technology wasted billions and was a failure. Imagine if that money had gone into infrastructure etc. What a joke that anyone even mentions him today.

The Obama Economy vs. The Reagan Economy: It's Literally No Contest

If you have the guts to read history check out 'Liberty Under Siege: American Politics, 1976-1988' by Walter Karp.

"It’s conservative lore that Reagan the icon cut taxes, while George H.W. Bush the renegade raised them. As Stockman recalls, "No one was authorized to talk about tax increases on Ronald Reagan’s watch, no matter what kind of tax, no matter how justified it was." Yet raising taxes is exactly what Reagan did. He did not always instigate those hikes or agree to them willingly–but he signed off on them. One year after his massive tax cut, Reagan agreed to a tax increase to reduce the deficit that restored fully one-third of the previous year’s reduction. (In a bizarre bit of self-deception, Reagan, who never came to terms with this episode of ideological apostasy, persuaded himself that the three-year, $100 billion tax hike–the largest since World War II–was actually "tax reform" that closed loopholes in his earlier cut and therefore didn’t count as raising taxes.)

Faced with looming deficits, Reagan raised taxes again in 1983 with a gasoline tax and once more in 1984, this time by $50 billion over three years, mainly through closing tax loopholes for business. Despite the fact that such increases were anathema to conservatives–and probably cost Reagan’s successor, George H.W. Bush, reelection–Reagan raised taxes a grand total of four times just between 1982-84." Newsflash: Ronald Reagan Raised Taxes (You Idiots) - Shadowproof

Reagan's record: RVC--Graphs

"....there's a growing realization that the starting point for many of the catastrophes confronting the United States today can be traced to Reagan's presidency. There's also a grudging reassessment that the "failed"- presidents of the 1970s--Richard Nixon, Gerald Ford and Jimmy Carter--may deserve more credit for trying to grapple with the problems that now beset the country." Ronald Reagan: Worst President Ever?

'The Triumph of Politics: Why the Reagan Revolution Failed' by David Stockman

To compare the failures of Reagan to anyone at all shows a lack of knowledge so deep it would be unreachable. He should have been impeached for providing arms to Iran and consider too his destruction of regulatory policy. Is it any wonder conservatives are failures and an embarrassment to the nation. They know nothing and demonstrate it daily. American Conservatives are Embarrassing
 
If you are interested in taking an objective look at GDP without the partisan talking points... Here you go:
The Strange Ups and Downs of the U.S. Economy Since 1929


Nah...here you go...from every news source, Left and Right....

The Obama Economic Hit-Parade!


1.More than 6.7 million more Americans have been plunged into poverty since Obama became President.

2.Real household income is down 5%

3. Consumer prices are up 10.2%


4. When Obama took office on Jan. 20, 2009, the debt was $10,626,877,048,913.08. Since then, it has increased $7,514,567,086,650.22--which is $65,443 per household, $70,985 per full-time worker and $84,266 per full-time private-sector worker. Under Obama: Federal Debt Up $84,266 Per Full-Time Private-Sector Worker

5. (CNSNews.com) - The federal government drove $789,473,350,613.20 deeper into debt in calendar year 2014, an increase that equaled $6,875 per household, $7,458 per full-time year-round worker, and $8,853 per full-time year-round private-sector worker. According tothe Treasury, the debt started calendar year 2014 at $17,351,970,784,950.10 and ended it at $18,141,444,135,563.30. Under Obama: Federal Debt Up $84,266 Per Full-Time Private-Sector Worker

6. Food stamp recipients up 49%


7. Debt held by the public is up 89%


However, the Obama administrationrecently projected an annual deficit of $750 billion in the fiscal year that began Oct. 1, and $626 billion the year after. At that rate, the debt owed to the public will more than double during the Obama presidency.

As of 2012, according to the most recent figures reported by the Census Bureau, median (midpoint) income for all U.S. households was $51,017, which was 4.9 percent lower (in inflation-adjusted dollars) than it was in 2008, the year before Obama took office.

The same story applies to family income, which includes many families with two earners. (The “household” figure includes single persons living alone, as well as families.) Median family income in 2012 was $62,241, or 5.1 percent below the inflation-adjusted 2008 level.

The number of persons living in poverty also worsened again in 2012, according to the most recent Census figures.


8. As of last year, 46,496,000 persons lived in households with income below the official poverty line, an increase of nearly 6.7 million since 2008 and 249,000 since 2011. The total poverty rate remained unchanged in 2012 at 15 percent of the total U.S. population. So for the second straight year, the poverty rate was 1.8 points higher than it was in 2008.

Obama’s Numbers, October Update


9...in today’s recovery — the slowest in the modern era going back to 1947 — private capital investment has lagged badly. ... so has the jobs situation, with 92 million dropping out of the workforce altogether. A labor-participation rate of 62.8% and an employment-to-population rate of 58% are historic lows indicative of the anemic jobs recovery.Big Business Swings Behind a Mantra of Growth - The New York Sun


10. Tavis Smiley: 'Black People Will Have Lost Ground in Every Single Economic Indicator' Under Obama

Tavis Smiley: 'Black People Will Have Lost Ground in Every Single Economic Indicator' Under Obama


11. . ".... the... [dollar] has today a value of barely a 1,250th of an ounce of gold, a staggering plunge from an 853rd of an ounce on the day Mr. Obama took office...." Fiat Wages - The New York Sun



12. "CBO says deficits slated to shrink in coming years, but will soar again if spending or tax changes are not made


Federal deficits have soared between 2009 and 2012, bring the total long-term debt to a level equal to 73 percent of the nation’s GDP. “Between 2009 and 2012, the federal government recorded the largest budget deficits relative to the size of the economy since 1946, causing federal debt to soar.”

CBO says deficits slated to shrink in coming years, but will soar again if spending or tax changes are not made


13. "Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession
. ...the Census Bureau's Current Population Survey ....indicate that the real (inflation-adjusted)median annual household income in America has fallen by 4.4 percent during the "recovery," after having fallen by 1.8 during the recession.

Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession

14. "(CNSNews.com) - The real median income of American women dropped a little more than four percent in the first three full years after the end of the last recession,..... Census Bureau income data, the median income of American women was $21,520 in constant 2012 dollars. That was down $914 dollars—or about 4.1 percent—from 2009." Median Income of Women Dropped 4%--In First 3 Years of Recovery


15. "US economy slowed to 0.1 percent growth rate in Q1

WASHINGTON (AP) — The U.S. economy slowed drastically in the first three months of the year...to a barely discernible 0.1 percent annual rate in the January-March quarter, the Commerce Department said Wednesday. That was the weakest pace since the end of 2012 and was down from a 2.6 percent rate in the previous quarter.... the anemic growth last quarter is surely a topic for discussion at the Federal Reserve's latest policy meeting,..."

MyWay


16. "More Than 92 Million Americans Remain Out Of Labor Force
The unemployment rate dropped to 6.3 percent in April from 6.7 percent in March, the lowest it has been since September 2008 when it was 6.1 percent. The sharp drop, though, occurred because the number of people working or seeking work fell. The Bureau of Labor Statistics does not count people not looking for a job as unemployed.

The bureau noted that the civilian labor force dropped by 806,000 last month, following an increase of 503,000 in March."

Report: More Than 92 Million Americans Remain Out Of Labor Force

The amount (not seasonally adjusted) of Americans not in thelabor force in April rose to 92,594,000, almost 1 million more than the previous month.


17. "The U.S. economy contractedat a much steeper pace than previously estimated in the firstquarter, but there are indications that growth has sincerebounded strongly.

The Commerce Department said on Wednesday gross domesticproduct fell at a 2.9 percent annual rate, the economy's worstperformance in five years, instead of the 1.0 percent pace ithad reported last month." Shrink wrapped: US economy contracted sharply in Q1

18. (CNSNews.com) - The number of Americans 16 and older who did not participate in the labor force climbed to a record high of 92,120,000 in June, according to data from the Bureau of Labor Statistics (BLS)..... the labor force participation rate for Americans was 62.8 percent, matching a 36-year low. Record Number of Americans Not in Labor Force in June

19. (CNSNews.com)– The unemployment rate for black Americans is more than double that of white Americans, according to the latest data from the Bureau of Labor Statistics (BLS).... In the numbers released today, covering the month of June, the seasonally adjusted unemployment rate for black Americans age 16 and over was 10.7%, reported the BLS. The unemployment rate for white Americans in the same age group and time-frame was 5.3%, said the BLS. Black Unemployment 10.7%, More Than Double White Unemployment 5.3%

20. (CNSNews.com) - 11.4 million Americans age 16 and over have left the workforce since President Obama took office in January 2009, according to data released today from the Bureau of Labor Statistics (BLS).
In July 2014, there were 92,001,000 Americans, 16 and over, who were classified as “not in the labor force,” meaning they not only did not have a job, but they didn’t actively seek one in the last four weeks

http://www.cnsnews.com/news/article...ericans-have-left-workforce-obama-took-office

21. "The 35.4 Percent: 109,631,000 on Welfare
109,631,000 Americans lived in households that received benefits from one or more federally funded "means-tested programs" — also known as welfare — as of the fourth quarter of 2012,according to data released Tuesdayby the Census Bureau. When those receiving benefits from non-means-tested federal programs — such as Social Security, Medicare, unemployment and veterans benefits — were added to those taking welfare benefits, it turned out that 153,323,000 people were getting federal benefits of some type at the end of 2012.

Subtract the 3,297,000 who were receiving veterans' benefits from the total, and that leaves 150,026,000 people receiving non-veterans' benefits."

http://www.cnsnews.com/commentary/terence-p-jeffrey/354-percent-109631000-welfare

22. "(CNSNews.com)-- In June 2014, there were 46,496,145 recipients of the food stamp program, which is enough to fill the Yankee Stadium 925 times, according todata fromthe Department of Agriculture " http://www.cnsnews.com/news/article...-recipients-can-fill-yankee-stadium-925-times

23. In a stunning Tuesday report, Gallup CEO and Chairman Jim Clifton revealed that “for the first time in 35 years, American business deaths now outnumber business births.”Clifton says for the past six years since 2008, employer business startups have fallen below the business failure rate, spurring what he calls“an underground earthquake” that only stands to worsen as lagging U.S. Census data becomes available.
“Let’s get one thing clear: This economy is never truly coming back unless we reverse the birth and death trends of American businesses,” writes Clifton." http://www.breitbart.com/big-govern...more-american-businesses-dying-than-starting/

24. "Disability insurance entitlement explodes under Obama
Those of you paying attention have noticed that the Obama administration is actually doing what it promised: transforming America into a gigantic welfare state." http://articles.baltimoresun.com/20...30303_1_ssdi-obama-administration-entitlement

25. Washington, D.C.- An unabated influx of illegal aliens along the southern border of the United States is causing a health crisis in the border region. Actions by the Obama Administration to disperse illegals across America while providing an incentive for more illegals to come could lead to a nationwide health crisis that is likely to manifest itself first within our public schools.....It has spread as far north as southern Mexico and south into Panama. Diseases such as this could be carried across our border by illegal immigrants and could create a nationwide health crisis. Chicken pox, measles, mumps and tuberculosis are already causing problems." — Project 21 member Michael Dozier, Ph.D., an expert in homeland security issues and talk radio host who has worked with humanitarian aid missions in Africa, Asia, the Balkans and the United States

http://www.nationalcenter.org/P21PR-Immigrants_Health_Schools_090214.html


26. "Despite the improving economy, most Americans continue to say that they are falling behind the cost of living. Overall, 55% said in theJan. 7-11 surveythat their family’s income is falling behind the cost of living,.... Views on this question have shown no improvement over the course of the last year..." http://www.pewresearch.org/key-data-points/us-economy/


27. "But with February’s slow down the 12-month wage growth rate ticked down to 2%....[Under Reagan: 'In 1984 alone real economic growth boomed by 6.8%, the highest in 50 years.http://www.forbes.com/sites/peterferrara/2011/05/05/reaganomics-vs-obamanomics-facts-and-figures/ ] Totalemployment gains in December and January were therefore 18,000 lower than what BLS previously reported. The labor force participation rate ticked lower to 62.8% from 62.9%, ..." http://www.forbes.com/sites/samanth...00-jobs-in-february-unemployment-down-to-5-5/

a. "But wage gains continued to lag, rising only 0.1 percent in February for private-sector workers after a reported 0.5 increase in January.... .“We hear we’re on the road to recovery, but people aren’t convinced of that.”http://www.nytimes.com/2015/03/07/business/economy/jobs-report-unemployment-february.html?_r=0

b. "White youths saw their rate decrease 1.4 percent to 15 percent, but young African-Americans saw theirs reach 30 percent, a 0.3 percent increase.... For the population as a whole, participation rates are still hovering around their 1978 lows at 62.8 percent,..." http://dailycaller.com/2015/03/06/unemployment-down-to-5-5-percent-in-february/

c. "92,898,000 Americans were not in the labor force in February, according todatareleased from the Bureau of Labor Statistics (BLS) on Friday. ...The 157,002,000 who participated in the labor force was 62.8 percent of the 249,899,000 civilian noninsttutional population, which matches the 62.8 percent rate in April, May, June, and October of 2014 as well as the participation rate in March of 1978. The participation rate hit its lowest level since February 1978 (62.7 percent) in September and December of 2014. http://cnsnews.com/news/article/ali...pation-has-hovered-near-37-year-low-11-months

(CNSNews.com) - A record 56,023,000 women, age 16 years and over, were not in the labor force in February.,,, According to the BLS, 56.7 percent of women were participating in the labor force in February, a drop from 56.8 percent in January. http://cnsnews.com/news/article/ali-meyer/56023000-record-number-women-not-labor-force

28. "Surprise: U.S. Economic Data Have Been the World's Most Disappointing
It's not only the just-released University of Michigan consumer confidence report and February retail sales on Thursday that surprised economists and investors with another dose of underwhelming news. Overall, U.S. economic data have been falling short of prognosticators' expectations by the most in six years." http://www.bloomberg.com/news/artic...economic-data-most-disappointing-in-the-world

29. "More Businesses Shutting Down than Starting Up
'Business deaths now exceed business births for the first time' in decades.
The American economy is less entrepreneurial now than at any point in the last three decades. That's the conclusion of anew study out from the Brookings Institution, which looks at the rates of new business creation and destruction since 1978.

Not only that, but during the most recent three years of the study -- 2009, 2010 and 2011 -- businesses were collapsing faster than they were being formed, a first. Overall, new businesses creation (measured as the share of all businesses less than one year old) declined by about half from 1978 to 2011." http://www.weeklystandard.com/blogs/more-businesses-shutting-down-starting_791127.html

30. Americans Not in Labor Force Exceed 93 Million for First Time; 62.7% Labor Force Participation Matches 37-Year Low
http://cnsnews.com/news/article/ali...-exceed-93-million-first-time-627-labor-force

31. Except for rich, Americans' incomes fell last year
In fresh data that adds fire to a growing debate over income inequality, the department said that Americans on average saw income decline for the second straight year in the 12 months to June 2014.

The average pre-tax income fell 0.9 percent from the same period a year earlier, to $64,432. http://news.yahoo.com/except-rich-americans-incomes-fell-last-220335392.html

32. "The Big Lie: 5.6% Unemployment
The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.

Right now, we're hearing much celebrating from the media, the White House and Wall Street about how unemployment is "down" to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.

While you are as unemployed as one can possibly be, and tragically may never find work again, you arenotcounted in the figure we see relentlessly in the news -- currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren't throwing parties to toast "falling" unemployment.

Right now, the U.S. is delivering at a staggeringlylow rate of 44%, which is the number of full-time jobs as a percent of the adult population,..." http://www.gallup.com/opinion/chairman/181469/big-lie-unemployment.aspx

a. "....the number of Americans not in the labor force rose once again, this time to 93,194K from 93,175K, with the result being a participation rate of 69.45 or just above the lowest percentage since 1977, will merely catalyze even more upside to the so called "market" which continues to reflect nothing but central bank liquidity, and thus - the accelerating deterioration of the broader economy." http://www.zerohedge.com/news/2015-05-08/americans-not-labor-force-rise-record-93194000

33. "Even if you leave out the first quarter of 2009—when the recession that started in December 2007 was still ongoing--President Barack Obama has presided over the lowest average first-quarter GDP growth of any president who has served since 1947, which is the earliest year for which the Bureau of Economic Analysis has calculated quarterly GDP growth. " http://www.cnsnews.com/blog/terence...-obama-has-lowest-average-1stq-gdp-growth-any

34. After 6 1/2 years of Obama, 47% of Americans could not handle a $400 expense:

"The survey results reveal a lack of economic preparedness among many adults. Only 53 percent of respondents indicate that they could cover a hypothetical emergency expense costing $400 without selling something or borrowing money. Thirty-one percent of respondents report going without some form of medical care in the past year because they could not afford it." http://www.federalreserve.gov/newsevents/press/other/20150527a.htm


35. "The share of North America in the global high-income population decreased from 54% in 2001 to 46% in 2011,.... several countries in Western Europe had higher shares of high-income populations than the U.S. in 2011...the U.S. had the unfortunate distinction of slipping backwards as the share of its high-income population decreased from 58% in 2001 to 56% in 2011....The proportion of Americans who are upper-middle income barely moved from 31% in 2001 to 32% in 2011, and the share that is high income actually fell, as noted, from 58% to 56%....The median annual household income in the U.S. fell from $53,646 in 2001 to $50,054 in 2011 (U.S. Census Bureau)..... Unlike in the U.S., Canadian residents progressed from upper-middle income to the high-income standard of living...."http://www.pewglobal.org/2015/07/08...e-class-status-remains-out-of-reach-for-many/

36. The Obama Administration is aggressively exploiting regulation to achieve its policy agenda, issuing 157 new major rules at a cost to Americans approaching $73 billion annually....twice the annual average of his predecessor George W. Bush.And much more regulation is on the way, with another 125 major rules on the Administration’s to-do list, including dozens linked to the Dodd–Frank financial regulation law and the Patient Protection and Affordable Care Act, known as Obamacare. http://www.heritage.org/research/reports/2014/03/red-tape-rising-five-years-of-regulatory-expansion

37. The number of people not in the labor force reached another record high in July, according to new jobs data released Friday by the Bureau of Labor Statistics.
TheBLS reportsthat 93,770,000 people (16 and older) were neither employed last month nor had made specific efforts to find work in the prior four weeks.

http://www.breitbart.com/big-government/2015/08/07/record-93770000-americans-not-in-labor-force/

.... a 38-year low, the Labor Department reported on Friday.... -- The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 2,180,000 in July (up from 2,121,000 in June). These individuals accounted for 26.9 percent of the unemployed. http://cnsnews.com/news/article/sus...not-labor-force-participation-rate-matches-38

According to the BLS,56,209,000 women aged 16 and older were not participating in the workforce in July, besting April’srecordof 56,167,000 http://www.breitbart.com/big-government/2015/08/07/record-56209000-women-not-in-labor-force/


38. Average unemployment rate under Bush: 5.31

Average unemployment rate under Obama: 8.46 http://historyinpieces.com/research/us-unemployment-rates-president (thru 2014)

39. "(CNSNews.com) - A record 94,031,000 Americans were not in the American labor force last month -- 261,000 more than July ---- The number of long-term unemployed (those jobless for 27 weeks or more) held at 2.2 million in August and accounted for 27.7 percent of the unemployed..." http://cnsnews.com/news/article/sus...-labor-force-participation-rate-stuck-38-year

40. "...take-home pay for many American workers has effectively fallen since the economic recovery began in 2009, according to a new study by an advocacy group that is to be released on Thursday.

The declines were greatest for the lowest-paid workers in sectors where hiring has been strong — home health care, food preparation and retailing — even though wages were already below average to begin with in those service industries.

“Stagnant wages are a problem for everyone at this point, but the imbalance in the economy has become more pronounced since the recession,”..." http://www.nytimes.com/2015/09/03/b...rkers-see-biggest-drop-in-paychecks.html?_r=0

41. "....US hourly wages have not only not increased for the past 7 years, but for thevast majority of the labor force continue to decline,....just the month of August will be enough to provide the Trump - and every other - campaign with enough soundbites and pivot points to last it for weeks on end: namely, that in August a whopping 698,000 native-born Americans lost their job. This drop was offset by 204,000 foreign-born Americans, who got a job in the month of August. .... since December 2007, according to the Household Survey,only 790,000 native born Americanjobs have been added. Contrast that withthe 2.1 million foreign-born Americanswho have found a job over the same time period..." http://www.zerohedge.com/news/2015-...ob-august-why-suddenly-most-important-jobs-ch

42. October 2015: "Payrolls Disaster: Only 142K Jobs Added In September With Zero Wage Growth; August Revised Much Lower" http://www.zerohedge.com/news/2015-...september-zero-wage-growth-august-revised-muc

43. "Obamacare health insurance co-ops surged past the $1 billion mark in losses this week, making history of sorts.The insolvencies, totaling $1.36 billion, mean that the co-ops have burned through more than half of theoriginal $2 billion appropriated in 2010 for the program under the Affordable Care Act. The funds were loaned to the start-up co-ops in 2012 and were to be repaid in 15 years, according to the Centers for Medicare and Medicaid Services, which manages Obamacare.

...13 of the 23 federally-financed Obamacare co-ops have officially failed in only two years. Most are in the process of default as insurance regulators attempt to pay customer’s medical bills, cover medical providers and pay other creditors.
http://dailycaller.com/2015/11/04/obamacare-co-op-mess-causes-1-3-billion-in-losses/#ixzz3qilfNWEW

44. "Obama Administration Announces 144 Big Regulations Right Before Thanksgiving
This is a new record, beating the previous high of 136 set by President Obama this spring."
Obama Administration Announces 144 Big Regulations Right Before Thanksgiving


45. "...ObamaCare experiment costing taxpayers $2.4 billionis failing. The co-ops were founded on the idealistic belief that community members could band together to create health insurance companies that would be member-driven, service-oriented, and would not have to answer to shareholders or turn a profit."

http://www.forbes.com/sites/gracema...ce-again-because-of-obamacare-co-op-failures/


46. "The U.S. expanded at a 2.2% rate through the first nine months of the year, and the economy is projected to grow at a similar pace in the fourth quarter that ends on Dec. 31. If so, the economy will have failed to reach 3% growth for the 10th straight year, marking the slowest stretch since the end of World War II.

Historically the economy has expanded at a 3.3% rate." http://www.marketwatch.com/story/third-quarter-gdp-growth-trimmed-to-2-2015-12-22

47. "Congress has now cleared the way for federal debt to pass$20 trillionby the end of the president’s second term. President Obama said the new budget deal will be paid for in a “balanced” and “responsible” way, but on the day the deal was signed, the federal debt jumped $339 billion—a third of a trillion dollars in one day." https://www.thetrumpet.com/article/13317.24.180.0/economy/societywatch?preview

48. The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2015 is 0.8 percent on January 8, down from 1.0 percent on January 6. The forecast for the contribution of inventory investment to fourth-quarter real GDP growth declined 0.2 percentage points to -0.8 percentage points after this morning's wholesale trade report from the U.S. Census Bureau. https://www.frbatlanta.org/cqer/research/gdpnow.aspx?panel=1

49. "Retail Sales in U.S. Decrease to End Weakest Year Since 2009 Sales at U.S. retailers declined in December to wrap the weakest year since 2009, raising concern about the momentum in consumer spending heading into 2016. The 0.1 percent drop matched the median forecast of 84 economists surveyed by Bloomberg and followed a 0.4 percent gain in November, Commerce Department figures showed Friday in Washington. For all of 2015, purchases climbed 2.1 percent, the smallest advance of the current economic expansion." http://www.bloomberg.com/news/artic...n-u-s-decrease-to-end-weakest-year-since-2009

50. " The federal government heavily subsidizes higher education through a complex system of grants and loans. While the programs are great for colleges — they haveenabledan astronomical increase in tuition — they contain few measures holding the institutions accountable to their students. As a result, only59 percentof students graduate from four-year colleges and universities within six years. Those lucky enough to graduate face another hurdle:44 percentof recent college graduates occupy jobs which do not require a college degree. Taken together, these numbers suggest that only one-third of college enrollees emerge from the system with both a degree and a relevant job." http://fee.org/anythingpeaceful/wha...rPUfGjI4ARcNkI+SLDwEYGJlv6SgFQ7HBMbhr1rgPWhk=

51."U.S. Economy Grew Anemic 0.7% in Fourth Quarter
Gross domestic product, a broad measure of economic output,expanded at a 0.7% seasonally adjusted annualized ratein the fourth quarter, the Commerce Department said Friday. The economy had advanced 2% in the third quarter and 3.9% in the second quarter."
U.S. Economy Grew Anemic 0.7% in Fourth Quarter


52. Obama is the first President never to have had a year of 3% or better economic growth: "...annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years." http://www.investors.com/politics/editorials/with-gdp-downgrade-obama-growth-gap-expands/

a. "The years since 2007 have been a macroeconomic disaster for the United States of a magnitude unprecedented since the Great Depression." http://www.powerlineblog.com/archives/2016/01/obama-always-wrong-never-in-doubt.php

b. "....first president since Hoover to never have a single year above 3% GDP growth." http://money.cnn.com/2015/10/09/investing/hedge-fund-billionaire-defends-obama-chanos/




Excellent link showing the economy http://www.deptofnumbers.com/income/us/
 
Reagan increased taxes.


Which is higher in our firmament, fear of Reagan or fear of reality?


  1. Under Reagan, the debt went up $1.7 trillion, from $900 billion to $2.6 trillion.
  2. But….the national wealth went up $ 17 trillion
  3. Reagan's near-trillion-dollar bulge in defense spending transformed the global balance of power in favor of capitalism. Spurring a stock-market, energy, venture-capital, real-estate and employment boom, the Reagan tax-rate cuts and other pro-enterprise policies added some $17 trillion to America's private-sector assets, dwarfing the trillion-dollar rise in public-sector deficits and creating 45 million net new jobs at rising wages and salaries.
George Gilder: The Real Reagan Lesson for Romney-Ryan

Reaganomics - Wikipedia, the free encyclopedia



And the tax cuts of the Economic Recovery Act of 1981 stimulated economic growth. “As a 1982 JEC study pointed out,[1] similar across-the-board tax cuts had been implemented in the 1920s as the Mellon tax cuts, and in the 1960s as the Kennedy tax cuts. In both cases the reduction of high marginal tax rates actually increased tax payments by "the rich," also increasing their share of total individual income taxes paid.” http://www.house.gov/jec/fiscal/tx-grwth/reagtxct/reagtxct.htm

“As inflation came down and as more and more of the tax cuts from the 1981 Act went into effect, the economic began a strong and sustained pattern of growth.” http://www.ustreas.gov/education/fact-sheets/taxes/ustax.shtml

  1. The benefits from Reaganomics:
    1. The economy grew at a 3.4% average rate…compared with 2.9% for the previous eight years, and 2.7% for the next eight.(Table B-4)
    2. Inflation rate dropped from 12.5% to 4.4%. (Table B-63)
    3. Unemployment fell to 5.5% from 7.1% (Table B-35)
    4. Prime interest rate fell by one-third.(Table B-73)
    5. The S & P 500 jumped 124% (Table B-95) http://www.gpoaccess.gov/eop/tables10.html
    6. Charitable contributions rose 57% faster than inflation. Dinesh D’Souza, “Ronald Reagan: How an Ordinary May Became an Extraordinary Leader,” p. 116


b. and c. Kiva - Kiva Lending Team: Team Ron Paul, Hulk Hogan, Jesus of Nazareth, Chuck Norris, Ronald Reagan, John Wayne, Thomas Jefferson, Alex Jones, Peyton Manning, The Tuskegee Airmen, Schiff, REAL Americans, and George W. Bush



Don't you wish you could point to that sort of record for Obama?
 
Reagan was a complete failure and that that fact is hidden from most, demonstrates the power of propaganda on the uneducated. Reagan did raise taxes many times even as America became a debtor nation under his management. He also agreed to keep social security solvent so I'll give him that. His plan to protect the nation through star war like technology wasted billions and was a failure. Imagine if that money had gone into infrastructure etc. What a joke that anyone even mentions him today.

The Obama Economy vs. The Reagan Economy: It's Literally No Contest

If you have the guts to read history check out 'Liberty Under Siege: American Politics, 1976-1988' by Walter Karp.

"It’s conservative lore that Reagan the icon cut taxes, while George H.W. Bush the renegade raised them. As Stockman recalls, "No one was authorized to talk about tax increases on Ronald Reagan’s watch, no matter what kind of tax, no matter how justified it was." Yet raising taxes is exactly what Reagan did. He did not always instigate those hikes or agree to them willingly–but he signed off on them. One year after his massive tax cut, Reagan agreed to a tax increase to reduce the deficit that restored fully one-third of the previous year’s reduction. (In a bizarre bit of self-deception, Reagan, who never came to terms with this episode of ideological apostasy, persuaded himself that the three-year, $100 billion tax hike–the largest since World War II–was actually "tax reform" that closed loopholes in his earlier cut and therefore didn’t count as raising taxes.)

Faced with looming deficits, Reagan raised taxes again in 1983 with a gasoline tax and once more in 1984, this time by $50 billion over three years, mainly through closing tax loopholes for business. Despite the fact that such increases were anathema to conservatives–and probably cost Reagan’s successor, George H.W. Bush, reelection–Reagan raised taxes a grand total of four times just between 1982-84." Newsflash: Ronald Reagan Raised Taxes (You Idiots) - Shadowproof

Reagan's record: RVC--Graphs

"....there's a growing realization that the starting point for many of the catastrophes confronting the United States today can be traced to Reagan's presidency. There's also a grudging reassessment that the "failed"- presidents of the 1970s--Richard Nixon, Gerald Ford and Jimmy Carter--may deserve more credit for trying to grapple with the problems that now beset the country." Ronald Reagan: Worst President Ever?

'The Triumph of Politics: Why the Reagan Revolution Failed' by David Stockman

To compare the failures of Reagan to anyone at all shows a lack of knowledge so deep it would be unreachable. He should have been impeached for providing arms to Iran and consider too his destruction of regulatory policy. Is it any wonder conservatives are failures and an embarrassment to the nation. They know nothing and demonstrate it daily. American Conservatives are Embarrassing


"Reagan was a complete failure..."

Gads, you're a moron.
 
OP- Duh- Our problem is lack of consumer spending, because of mindless GOP obstruction and defending to the death of pander to the rich policy DUH. See sig, dupes.



I'm curious....do you stutter when you try to say "mindless"?
Not a bit, dupe.
Three Charts to Email to Your Right-Wing Brother-In-Law -- Updated

Oooooooh Daily Kook
Facts are kooky to hater dupe functional morons. Keep believing Rush and Sean, dingbat. Try reading it. Truth is liberal.
 
Reagan increased taxes.


Which is higher in our firmament, fear of Reagan or fear of reality?


  1. Under Reagan, the debt went up $1.7 trillion, from $900 billion to $2.6 trillion.
  2. But….the national wealth went up $ 17 trillion
  3. Reagan's near-trillion-dollar bulge in defense spending transformed the global balance of power in favor of capitalism. Spurring a stock-market, energy, venture-capital, real-estate and employment boom, the Reagan tax-rate cuts and other pro-enterprise policies added some $17 trillion to America's private-sector assets, dwarfing the trillion-dollar rise in public-sector deficits and creating 45 million net new jobs at rising wages and salaries.
George Gilder: The Real Reagan Lesson for Romney-Ryan

Reaganomics - Wikipedia, the free encyclopedia



And the tax cuts of the Economic Recovery Act of 1981 stimulated economic growth. “As a 1982 JEC study pointed out,[1] similar across-the-board tax cuts had been implemented in the 1920s as the Mellon tax cuts, and in the 1960s as the Kennedy tax cuts. In both cases the reduction of high marginal tax rates actually increased tax payments by "the rich," also increasing their share of total individual income taxes paid.” http://www.house.gov/jec/fiscal/tx-grwth/reagtxct/reagtxct.htm

“As inflation came down and as more and more of the tax cuts from the 1981 Act went into effect, the economic began a strong and sustained pattern of growth.” http://www.ustreas.gov/education/fact-sheets/taxes/ustax.shtml

  1. The benefits from Reaganomics:
    1. The economy grew at a 3.4% average rate…compared with 2.9% for the previous eight years, and 2.7% for the next eight.(Table B-4)
    2. Inflation rate dropped from 12.5% to 4.4%. (Table B-63)
    3. Unemployment fell to 5.5% from 7.1% (Table B-35)
    4. Prime interest rate fell by one-third.(Table B-73)
    5. The S & P 500 jumped 124% (Table B-95) http://www.gpoaccess.gov/eop/tables10.html
    6. Charitable contributions rose 57% faster than inflation. Dinesh D’Souza, “Ronald Reagan: How an Ordinary May Became an Extraordinary Leader,” p. 116


b. and c. Kiva - Kiva Lending Team: Team Ron Paul, Hulk Hogan, Jesus of Nazareth, Chuck Norris, Ronald Reagan, John Wayne, Thomas Jefferson, Alex Jones, Peyton Manning, The Tuskegee Airmen, Schiff, REAL Americans, and George W. Bush



Don't you wish you could point to that sort of record for Obama?
Pubs don't allow Reagan's investment in America anymore, fool.
 
Reagan increased taxes.


Which is higher in our firmament, fear of Reagan or fear of reality?


  1. Under Reagan, the debt went up $1.7 trillion, from $900 billion to $2.6 trillion.
  2. But….the national wealth went up $ 17 trillion
  3. Reagan's near-trillion-dollar bulge in defense spending transformed the global balance of power in favor of capitalism. Spurring a stock-market, energy, venture-capital, real-estate and employment boom, the Reagan tax-rate cuts and other pro-enterprise policies added some $17 trillion to America's private-sector assets, dwarfing the trillion-dollar rise in public-sector deficits and creating 45 million net new jobs at rising wages and salaries.
George Gilder: The Real Reagan Lesson for Romney-Ryan

Reaganomics - Wikipedia, the free encyclopedia



And the tax cuts of the Economic Recovery Act of 1981 stimulated economic growth. “As a 1982 JEC study pointed out,[1] similar across-the-board tax cuts had been implemented in the 1920s as the Mellon tax cuts, and in the 1960s as the Kennedy tax cuts. In both cases the reduction of high marginal tax rates actually increased tax payments by "the rich," also increasing their share of total individual income taxes paid.” http://www.house.gov/jec/fiscal/tx-grwth/reagtxct/reagtxct.htm

“As inflation came down and as more and more of the tax cuts from the 1981 Act went into effect, the economic began a strong and sustained pattern of growth.” http://www.ustreas.gov/education/fact-sheets/taxes/ustax.shtml

  1. The benefits from Reaganomics:
    1. The economy grew at a 3.4% average rate…compared with 2.9% for the previous eight years, and 2.7% for the next eight.(Table B-4)
    2. Inflation rate dropped from 12.5% to 4.4%. (Table B-63)
    3. Unemployment fell to 5.5% from 7.1% (Table B-35)
    4. Prime interest rate fell by one-third.(Table B-73)
    5. The S & P 500 jumped 124% (Table B-95) http://www.gpoaccess.gov/eop/tables10.html
    6. Charitable contributions rose 57% faster than inflation. Dinesh D’Souza, “Ronald Reagan: How an Ordinary May Became an Extraordinary Leader,” p. 116


b. and c. Kiva - Kiva Lending Team: Team Ron Paul, Hulk Hogan, Jesus of Nazareth, Chuck Norris, Ronald Reagan, John Wayne, Thomas Jefferson, Alex Jones, Peyton Manning, The Tuskegee Airmen, Schiff, REAL Americans, and George W. Bush



Don't you wish you could point to that sort of record for Obama?
I never said it was a bad thing that Reagan raised taxes.
Maybe Obama should do the same thing.
 
Reagan was a complete failure and that that fact is hidden from most, demonstrates the power of propaganda on the uneducated. Reagan did raise taxes many times even as America became a debtor nation under his management. He also agreed to keep social security solvent so I'll give him that. His plan to protect the nation through star war like technology wasted billions and was a failure. Imagine if that money had gone into infrastructure etc. What a joke that anyone even mentions him today.

The Obama Economy vs. The Reagan Economy: It's Literally No Contest

If you have the guts to read history check out 'Liberty Under Siege: American Politics, 1976-1988' by Walter Karp.

"It’s conservative lore that Reagan the icon cut taxes, while George H.W. Bush the renegade raised them. As Stockman recalls, "No one was authorized to talk about tax increases on Ronald Reagan’s watch, no matter what kind of tax, no matter how justified it was." Yet raising taxes is exactly what Reagan did. He did not always instigate those hikes or agree to them willingly–but he signed off on them. One year after his massive tax cut, Reagan agreed to a tax increase to reduce the deficit that restored fully one-third of the previous year’s reduction. (In a bizarre bit of self-deception, Reagan, who never came to terms with this episode of ideological apostasy, persuaded himself that the three-year, $100 billion tax hike–the largest since World War II–was actually "tax reform" that closed loopholes in his earlier cut and therefore didn’t count as raising taxes.)

Faced with looming deficits, Reagan raised taxes again in 1983 with a gasoline tax and once more in 1984, this time by $50 billion over three years, mainly through closing tax loopholes for business. Despite the fact that such increases were anathema to conservatives–and probably cost Reagan’s successor, George H.W. Bush, reelection–Reagan raised taxes a grand total of four times just between 1982-84." Newsflash: Ronald Reagan Raised Taxes (You Idiots) - Shadowproof

Reagan's record: RVC--Graphs

"....there's a growing realization that the starting point for many of the catastrophes confronting the United States today can be traced to Reagan's presidency. There's also a grudging reassessment that the "failed"- presidents of the 1970s--Richard Nixon, Gerald Ford and Jimmy Carter--may deserve more credit for trying to grapple with the problems that now beset the country." Ronald Reagan: Worst President Ever?

'The Triumph of Politics: Why the Reagan Revolution Failed' by David Stockman

To compare the failures of Reagan to anyone at all shows a lack of knowledge so deep it would be unreachable. He should have been impeached for providing arms to Iran and consider too his destruction of regulatory policy. Is it any wonder conservatives are failures and an embarrassment to the nation. They know nothing and demonstrate it daily. American Conservatives are Embarrassing


"Reagan was a complete failure..."

Gads, you're a moron.
Tripled debt, became pals with Saddam, S+L bust, screwed the middle class, gave us the disgraceful propaganda machine that turned you and half the country into functional morons/dupes of the greedy idiot billionaire chickenhawk jackasses...
 
Reagan increased taxes.


Which is higher in our firmament, fear of Reagan or fear of reality?


  1. Under Reagan, the debt went up $1.7 trillion, from $900 billion to $2.6 trillion.
  2. But….the national wealth went up $ 17 trillion
  3. Reagan's near-trillion-dollar bulge in defense spending transformed the global balance of power in favor of capitalism. Spurring a stock-market, energy, venture-capital, real-estate and employment boom, the Reagan tax-rate cuts and other pro-enterprise policies added some $17 trillion to America's private-sector assets, dwarfing the trillion-dollar rise in public-sector deficits and creating 45 million net new jobs at rising wages and salaries.
George Gilder: The Real Reagan Lesson for Romney-Ryan

Reaganomics - Wikipedia, the free encyclopedia



And the tax cuts of the Economic Recovery Act of 1981 stimulated economic growth. “As a 1982 JEC study pointed out,[1] similar across-the-board tax cuts had been implemented in the 1920s as the Mellon tax cuts, and in the 1960s as the Kennedy tax cuts. In both cases the reduction of high marginal tax rates actually increased tax payments by "the rich," also increasing their share of total individual income taxes paid.” http://www.house.gov/jec/fiscal/tx-grwth/reagtxct/reagtxct.htm

“As inflation came down and as more and more of the tax cuts from the 1981 Act went into effect, the economic began a strong and sustained pattern of growth.” http://www.ustreas.gov/education/fact-sheets/taxes/ustax.shtml

  1. The benefits from Reaganomics:
    1. The economy grew at a 3.4% average rate…compared with 2.9% for the previous eight years, and 2.7% for the next eight.(Table B-4)
    2. Inflation rate dropped from 12.5% to 4.4%. (Table B-63)
    3. Unemployment fell to 5.5% from 7.1% (Table B-35)
    4. Prime interest rate fell by one-third.(Table B-73)
    5. The S & P 500 jumped 124% (Table B-95) http://www.gpoaccess.gov/eop/tables10.html
    6. Charitable contributions rose 57% faster than inflation. Dinesh D’Souza, “Ronald Reagan: How an Ordinary May Became an Extraordinary Leader,” p. 116


b. and c. Kiva - Kiva Lending Team: Team Ron Paul, Hulk Hogan, Jesus of Nazareth, Chuck Norris, Ronald Reagan, John Wayne, Thomas Jefferson, Alex Jones, Peyton Manning, The Tuskegee Airmen, Schiff, REAL Americans, and George W. Bush



Don't you wish you could point to that sort of record for Obama?
I never said it was a bad thing that Reagan raised taxes.
Maybe Obama should do the same thing.
Too bad the GOP won't allow that- except on the nonrich. Our gov't is perfect for idiotic obstruction.
 
Reagan was a complete failure and that that fact is hidden from most, demonstrates the power of propaganda on the uneducated. Reagan did raise taxes many times even as America became a debtor nation under his management. He also agreed to keep social security solvent so I'll give him that. His plan to protect the nation through star war like technology wasted billions and was a failure. Imagine if that money had gone into infrastructure etc. What a joke that anyone even mentions him today.

The Obama Economy vs. The Reagan Economy: It's Literally No Contest

If you have the guts to read history check out 'Liberty Under Siege: American Politics, 1976-1988' by Walter Karp.

"It’s conservative lore that Reagan the icon cut taxes, while George H.W. Bush the renegade raised them. As Stockman recalls, "No one was authorized to talk about tax increases on Ronald Reagan’s watch, no matter what kind of tax, no matter how justified it was." Yet raising taxes is exactly what Reagan did. He did not always instigate those hikes or agree to them willingly–but he signed off on them. One year after his massive tax cut, Reagan agreed to a tax increase to reduce the deficit that restored fully one-third of the previous year’s reduction. (In a bizarre bit of self-deception, Reagan, who never came to terms with this episode of ideological apostasy, persuaded himself that the three-year, $100 billion tax hike–the largest since World War II–was actually "tax reform" that closed loopholes in his earlier cut and therefore didn’t count as raising taxes.)

Faced with looming deficits, Reagan raised taxes again in 1983 with a gasoline tax and once more in 1984, this time by $50 billion over three years, mainly through closing tax loopholes for business. Despite the fact that such increases were anathema to conservatives–and probably cost Reagan’s successor, George H.W. Bush, reelection–Reagan raised taxes a grand total of four times just between 1982-84." Newsflash: Ronald Reagan Raised Taxes (You Idiots) - Shadowproof

Reagan's record: RVC--Graphs

"....there's a growing realization that the starting point for many of the catastrophes confronting the United States today can be traced to Reagan's presidency. There's also a grudging reassessment that the "failed"- presidents of the 1970s--Richard Nixon, Gerald Ford and Jimmy Carter--may deserve more credit for trying to grapple with the problems that now beset the country." Ronald Reagan: Worst President Ever?

'The Triumph of Politics: Why the Reagan Revolution Failed' by David Stockman

To compare the failures of Reagan to anyone at all shows a lack of knowledge so deep it would be unreachable. He should have been impeached for providing arms to Iran and consider too his destruction of regulatory policy. Is it any wonder conservatives are failures and an embarrassment to the nation. They know nothing and demonstrate it daily. American Conservatives are Embarrassing


"Reagan was a complete failure..."

Gads, you're a moron.
Tripled debt, became pals with Saddam, S+L bust, screwed the middle class, gave us the disgraceful propaganda machine that turned you and half the country into functional morons/dupes of the greedy idiot billionaire chickenhawk jackasses...


Here ya' go, mindless....


"We don't know whether historians will call it the Great Expansion of the 1980's or Reagan's Great Expansion, but we do know from official economic statistics that the seven year period from 1982 to 1989 was the greatest, consistent burst of economic activity ever seen in the U.S. In fact, it was the greatest economic expansion the world has ever seen - in any country, at any time."
The Reagan Boom - Greatest Ever
 
Reagan was a complete failure and that that fact is hidden from most, demonstrates the power of propaganda on the uneducated. Reagan did raise taxes many times even as America became a debtor nation under his management. He also agreed to keep social security solvent so I'll give him that. His plan to protect the nation through star war like technology wasted billions and was a failure. Imagine if that money had gone into infrastructure etc. What a joke that anyone even mentions him today.

The Obama Economy vs. The Reagan Economy: It's Literally No Contest

If you have the guts to read history check out 'Liberty Under Siege: American Politics, 1976-1988' by Walter Karp.

"It’s conservative lore that Reagan the icon cut taxes, while George H.W. Bush the renegade raised them. As Stockman recalls, "No one was authorized to talk about tax increases on Ronald Reagan’s watch, no matter what kind of tax, no matter how justified it was." Yet raising taxes is exactly what Reagan did. He did not always instigate those hikes or agree to them willingly–but he signed off on them. One year after his massive tax cut, Reagan agreed to a tax increase to reduce the deficit that restored fully one-third of the previous year’s reduction. (In a bizarre bit of self-deception, Reagan, who never came to terms with this episode of ideological apostasy, persuaded himself that the three-year, $100 billion tax hike–the largest since World War II–was actually "tax reform" that closed loopholes in his earlier cut and therefore didn’t count as raising taxes.)

Faced with looming deficits, Reagan raised taxes again in 1983 with a gasoline tax and once more in 1984, this time by $50 billion over three years, mainly through closing tax loopholes for business. Despite the fact that such increases were anathema to conservatives–and probably cost Reagan’s successor, George H.W. Bush, reelection–Reagan raised taxes a grand total of four times just between 1982-84." Newsflash: Ronald Reagan Raised Taxes (You Idiots) - Shadowproof

Reagan's record: RVC--Graphs

"....there's a growing realization that the starting point for many of the catastrophes confronting the United States today can be traced to Reagan's presidency. There's also a grudging reassessment that the "failed"- presidents of the 1970s--Richard Nixon, Gerald Ford and Jimmy Carter--may deserve more credit for trying to grapple with the problems that now beset the country." Ronald Reagan: Worst President Ever?

'The Triumph of Politics: Why the Reagan Revolution Failed' by David Stockman

To compare the failures of Reagan to anyone at all shows a lack of knowledge so deep it would be unreachable. He should have been impeached for providing arms to Iran and consider too his destruction of regulatory policy. Is it any wonder conservatives are failures and an embarrassment to the nation. They know nothing and demonstrate it daily. American Conservatives are Embarrassing


"Reagan was a complete failure..."

Gads, you're a moron.
Tripled debt, became pals with Saddam, S+L bust, screwed the middle class, gave us the disgraceful propaganda machine that turned you and half the country into functional morons/dupes of the greedy idiot billionaire chickenhawk jackasses...

One Obama deficit is bigger than all of Reagans COMBINED deficits

One Obama deficit is great than ENTIRE REAGAN budgets! Reagan ran the entire government on less than an Obama deficit
 
Reagan was a complete failure and that that fact is hidden from most, demonstrates the power of propaganda on the uneducated. Reagan did raise taxes many times even as America became a debtor nation under his management. He also agreed to keep social security solvent so I'll give him that. His plan to protect the nation through star war like technology wasted billions and was a failure. Imagine if that money had gone into infrastructure etc. What a joke that anyone even mentions him today.

The Obama Economy vs. The Reagan Economy: It's Literally No Contest

If you have the guts to read history check out 'Liberty Under Siege: American Politics, 1976-1988' by Walter Karp.

"It’s conservative lore that Reagan the icon cut taxes, while George H.W. Bush the renegade raised them. As Stockman recalls, "No one was authorized to talk about tax increases on Ronald Reagan’s watch, no matter what kind of tax, no matter how justified it was." Yet raising taxes is exactly what Reagan did. He did not always instigate those hikes or agree to them willingly–but he signed off on them. One year after his massive tax cut, Reagan agreed to a tax increase to reduce the deficit that restored fully one-third of the previous year’s reduction. (In a bizarre bit of self-deception, Reagan, who never came to terms with this episode of ideological apostasy, persuaded himself that the three-year, $100 billion tax hike–the largest since World War II–was actually "tax reform" that closed loopholes in his earlier cut and therefore didn’t count as raising taxes.)

Faced with looming deficits, Reagan raised taxes again in 1983 with a gasoline tax and once more in 1984, this time by $50 billion over three years, mainly through closing tax loopholes for business. Despite the fact that such increases were anathema to conservatives–and probably cost Reagan’s successor, George H.W. Bush, reelection–Reagan raised taxes a grand total of four times just between 1982-84." Newsflash: Ronald Reagan Raised Taxes (You Idiots) - Shadowproof

Reagan's record: RVC--Graphs

"....there's a growing realization that the starting point for many of the catastrophes confronting the United States today can be traced to Reagan's presidency. There's also a grudging reassessment that the "failed"- presidents of the 1970s--Richard Nixon, Gerald Ford and Jimmy Carter--may deserve more credit for trying to grapple with the problems that now beset the country." Ronald Reagan: Worst President Ever?

'The Triumph of Politics: Why the Reagan Revolution Failed' by David Stockman

To compare the failures of Reagan to anyone at all shows a lack of knowledge so deep it would be unreachable. He should have been impeached for providing arms to Iran and consider too his destruction of regulatory policy. Is it any wonder conservatives are failures and an embarrassment to the nation. They know nothing and demonstrate it daily. American Conservatives are Embarrassing


"Reagan was a complete failure..."

Gads, you're a moron.
Tripled debt, became pals with Saddam, S+L bust, screwed the middle class, gave us the disgraceful propaganda machine that turned you and half the country into functional morons/dupes of the greedy idiot billionaire chickenhawk jackasses...

One Obama deficit is bigger than all of Reagans COMBINED deficits

One Obama deficit is great than ENTIRE REAGAN budgets! Reagan ran the entire government on less than an Obama deficit


the debt/deficit monster rears its ugly head again.... pay no attention
 

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