bripat9643
Diamond Member
- Apr 1, 2011
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The two economies are not exactly comparable, of course. Manufacturing jobs, to which workers can be quickly summoned back, make up a much smaller percentage of the total jobs today. Inflation fell sharply in and after the ’81–’82 recession, while it is increasing today. Housing prices had not suffered nearly the hit they have taken in recent years, adversely influencing people’s perception of their ability to spend money. The microprocessor revolution was much less advanced then than now, when firms contemplating expansion are more likely to look to investing in new technology than in new employees (although the new technology will create more jobs in the long run).
In other words, Reagan's policies worked while Obama's haven't worked. All the excuses you are making for Obama are the result of his policies. Inflation is higher because Obama is debasing the currency. Technology is not advancing because Obama is punishing corporations for investing. The housing market is in the tank because Obama's regulations make it harder for banks to loan money.
These are the fruits of liberalism.