Obama's Recovery vs. Reagan's Recovery

Discussion in 'Politics' started by InTheLight, Sep 8, 2012.

  1. InTheLight

    InTheLight
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    One sentence in a news article about the unemployment rate and percent of adults out of work inspired me to post this. Here's the sentence:

    Underscoring the political challenge the latest numbers pose for Obama, the percentage of the population in the labor force fell to 63.5 percent, the lowest level since September 1981.

    I lived through that era. I had just gotten my first full time job after graduation from technical school, so I felt blessed that I was able to land a job in such tough times. By almost any measure the recession of 1980-1982 was worse than the recession of 2008-2010. Example: The unemployment rate in late 1982 through mid 1983 was above 10% for 10 consecutive months. It hit 10.8% in Nov. and Dec. of 1982. In contrast the unemployment rate under Obama reached exactly 10.0% for one month, Oct. 2009.

    Obama keeps saying he needs more time to fix things. Bill Clinton sarcastically summed up the Republican reasoning to replace Obama as: "We left him a total mess. He hasn’t cleaned it up fast enough. So fire him and put us back in."

    Yet Reagan was able to clean up the mess he inherited and I don't remember him carping about it or blaming Jimmy Carter for it. His plan of across the board tax cuts was working. Maybe it's because Obama's economic plan of trickle down government doesn't work? This idea of having the government create money, then pick winners and losers in the marketplace via government contracts, disperse the money and hope that it trickles down to the middle class, just isn't working.

    Reagan's recovery was adding an average of 344,000 jobs a month in 1984. In contrast Obama's 'recovery' is averaging 134,000 jobs per month. I don't know the numbers of people quitting looking for work during the Reagan recovery was, but under Obama last month the number was 581,000. (In Jan. 2012 it was 1.2 million). So last month Obama's 'recovery' adds 96,000 jobs but 581,000 simply gave up looking. In January 2012, Obama adds 243,000 but 1.2 million quit looking.
     
    #1 InTheLight, Sep 8, 2012
    Last edited by a moderator: Sep 8, 2012
  2. Revmitchell

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    Obama wants to raise taxes out of "fairness". It has nothing to do with debt or the economy. He wants to redistribute the wealth of the wealthy out of fairness.
     
  3. InTheLight

    InTheLight
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    I've seen estimates that if the Bush tax cuts were to be repealed for those earning more than $250,000 the government would take in about $80 billion a year. This amount of money would run the government for about 9 days.
     
  4. Revmitchell

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    Which does not take into the revenues it would hurt.
     
  5. Crabtownboy

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    Reagan raised taxes.
     
  6. Bro. Curtis

    Bro. Curtis
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    A president cannot raise taxes. Congress does. Out of countless hundreds of proposed tax increases put on his desk by the democrat controlled congress, Regan signed twelve of them, most of which had a veto-proof majority behind them, anyway. And after he signed them, the democrats forgot to hold up their end of those bargains, every time. Remember amnesty ? Can you say the dems were honest ?​

    Not sticking up for Reagan, but you should have your facts straight.​
     
    #6 Bro. Curtis, Sep 8, 2012
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