Obama breaking his old records, what a guy

Althea said:
Reagan raised corporate, and cap gains taxes. I suggest we do it again.

The public sector added 1.5 million jobs under Reagan. It shrunk under this POTUS.
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What really matters:

Let’s look at the job numbers. The pit of Reagan’s recession came in December 1982, when 99,032,000 people had jobs. Fourteen months later, employment had risen to 103,824,000, or job growth of 4,792,000. That really is impressive. It beats Obama’s record over a similar period—starting from the nadir of jobs—by 3,179,000 jobs.

There’s another yardstick for comparing Reagan and Obama: what’s called the “labor force participation rate.” It’s the percentage of Americans 16 years old or older who have jobs. Under Reagan, the low point was 63.5 percent in September 1981, down from 63.9 percent when he took office. Under Obama, it was 64.2 percent last month, down from 65.7 percent in January 2009.

This means just what you think it does. Percentage-wise, more people left the workforce under Obama than Reagan.
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http://www.weeklystandard.com/articles/reagan-versus-obama-jobs_554830.html
 
DamnYankee said:
This means just what you think it does. Percentage-wise, more people left the workforce under Obama than Reagan.
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I've already told you...Reagan increased public sector hiring, while the public sector was decimated when Obama took office.

From '88....Reagan increased spending.
In 1980, Jimmy Caner's last year as president, the federal government spent a whopping 27.9% of "national income" (an obnoxious term for the private wealth produced by the American people). Reagan assaulted the free-spending Carter administration throughout his campaign in 1980. So how did the Reagan administration do? At the end of the first quarter of 1988, federal spending accounted for 28.7% of "national income."
Even Ford and Carter did a better job at cutting government. Their combined presidential terms account for an increase of 1.4%—compared with Reagan's 3%—in the government's take of "national income." And in nominal terms, there has been a 60% increase in government spending, thanks mainly to Reagan's requested budgets, which were only marginally smaller than the spending Congress voted.
The budget for the Department of Education, which candidate Reagan promised to abolish along with the Department of Energy, has more than doubled to $22.7 billion, Social Security spending has risen from $179 billion in 1981 to $269 billion in 1986. The price of farm programs went from $21.4 billion in 1981 to $51.4 billion in 1987, a 140% increase. And this doesn't count the recently signed $4 billion "drought-relief" measure. Medicare spending in 1981 was $43.5 billion; in 1987 it hit $80 billion. Federal entitlements cost $197.1 billion in 1981—and $477 billion in 1987.
Foreign aid has also risen, from $10 billion to $22 billion. Every year, Reagan asked for more foreign-aid money than the Congress was willing to spend. He also pushed through Congress an $8.4 billion increase in the U.S. "contribution" to the International Monetary Fund.
His budget cuts were actually cuts in projected spending, not absolute cuts in current spending levels. As Reagan put it, "We're not attempting to cut either spending or taxing levels below that which we presently have."
The result has been unprecedented government debt. Reagan has tripled the Gross Federal Debt, from $900 billion to $2.7 trillion. Ford and Carter in their combined terms could only double it. It took 31 years to accomplish the first postwar debt tripling, yet Reagan did it in eight.
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http://mises.org/freemarket_detail.aspx?control=488


As you've already been taught...Reagan put everything on the credit card. You're prob. too young to remember the Savings and Loan bailout.
 
Althea said:
I've already told you...Reagan increased public sector hiring, while the public sector was decimated when Obama took office.

From '88....Reagan increased spending.
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http://mises.org/freemarket_detail.aspx?control=488


As you've already been taught...Reagan put everything on the credit card. You're prob. too young to remember the Savings and Loan bailout.
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The Obama increased federal jobs at almost twice the rate that private jobs declined: http://blog.heritage.org/2011/02/22/federal-workforce-continues-to-grow-under-obama-budget/
 
We are right behind ya! We intend to move to Merida from Maine in the summer/fall of 2011 pending the sale of our house. We love your approach to renovation and your thoughtfulness towards the environment, and hope to emulate it. We hope to have a budget of around $170K. We wonder if you think that a Centro renovation project that culminates in 2 bedrooms/2 baths, outdoor living space with pool is doable with that budget. Again, we love your vision and any advice you can give us is greatly appreciated.
Saludos
 
DamnYankee said:
What really matters:

http://www.weeklystandard.com/articles/reagan-versus-obama-jobs_554830.html
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I clicked your link and immediately noticed it was about American Employment and you tried to state Obama didn't try to create American Jobs.

The FACT is you Right Fox Wingers think that Corporations are the key to success and not the middle class and/or the people.

The Left wanted to stop tax deductions for outsourcing jobs. The Right said "no" It doesn't get more simple than that. The Corporatocracy spoke and you will obey.
 
Althea said:
What did Reagan inherit? What did Obama? And what was the aftermath of 8 years of Reagan's policies?

Maybe you should ask your parents?
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Brain spanked..

They don't know about repercussion. If they did, they would not be in a party.
 
DamnYankee said:
You complain about Reagan, yet, since "debt doesn't matter", Debt vs. GDP matters, look at the Reagan years (FY 81-88) vs. the Obama years (FY 09-present).

View attachment 2138

http://www.usgovernmentspending.com/spending_chart_1980_2012USp_14s1li1191370_1046cs_H0f
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You don't know much about politics do you? We have covered that you don't know about decision backlash but now you try to say Obama is the biggest spender on your chart.

Ok there stud muffin.....

Tell me what decision Obama made that cost America that much money...........Because if you were educated, you would know that Obama has the LEASET spending growth of any President since the 1950's. You might actually also remember Bush stating, "they will never know what I did until I was long gone"
 
maineman said:
I bring it up only to highlight the growing disparity in wealth distribution in the US. If the trend lines continue, the richest one percent will own damned near everything, and everyone else will be SOL, which is apparently how you and the rest of the GOP wants it to be... Which I think is particularly stupid for you given where you will end up.
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So tell me what Obama is doing about it? He has been president for 5 1/2 years things are not getting better!
 
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