Obama's jobs record looks a lot like -- Ronald Reagan's

Jarod

Jarod

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http://www.usatoday.com/money/economy/story/2011-11-03/jobs-and-the-presidential-election/51065798/1

Obama's jobs record looks a lot like -- Ronald Reagan's


As Republicans gear up to run against President Obama's record for creating private-sector jobs, they may encounter an unexpected glitch: It looks a lot like Ronald Reagan's.

Obama has presided over a loss of 1.6 million of the nation's 111 million private-company jobs since taking office, according to official statistics. But since employment hit post-recession lows in February 2010, companies have added 2.6 million jobs, beating the 2.4 million created between the bottom of the 1982 recession and this point in Reagan's first term. Joblessness then was 9.2%.
 
Good luck with that. 1981-1983:

fredgraph.png



The job gains under Reagan were enough to bring the country at least back to prerecession levels of employment. Not so these days. 2009 - 2011:


fredgraph.png




And it gets worse for Obama if you go back to the beginning of the recession:

fredgraph.png
 
1) The Unemployment rate in November 1983 was at 8.5%, not 9.2%, so your article was wrong.

2) In 1983 the US population was about 234 million people, meaning Reagan's 2.4 million was a percentage increase of about 1%. Today the US population is about 310 million people. Meaning Obama's 2.6m is about 0.8%. The Article is obviously designed to try and manipulate the data to fool idiots within the first few paragraphs. Obviously it succeeded in fooling you.

3) In no way does next year look like a repeat of 1984. Not even close. Your article even mentioned that fact.... funny how you failed to mention it.
 
Rana said:
I still don't get the hero worship of Ronald Reagan.
Click to expand...

While some do indeed have that hero worship as you mention, many just respect Reagan for what he did. He came to office with double digit inflation and double digit unemployment. Yet he made the hard choice and let Volcker dramatically increase interest rates to kill inflation. This also caused an escalation of job losses and a recession. This action cost the Reps the 1982 midterms. But it was the pain the country needed to take at the time and because he made the hard call, the country worked through the recession and came out the other side with growth prospects for the economy, for jobs and also saw the end of the high inflationary environment that had pummeled American prospects.

Bottom line... that is what we need today. Someone who is willing to take us through the short term pain so that we can emerge with these problems behind us. Unfortunately neither party has really shown such a leader with the possible exception of Paul Ryan (whether you like him or not, he is the only one to put a long term plan forth for criticism).
 
Jarod said:
http://www.usatoday.com/money/economy/story/2011-11-03/jobs-and-the-presidential-election/51065798/1

Obama's jobs record looks a lot like -- Ronald Reagan's


As Republicans gear up to run against President Obama's record for creating private-sector jobs, they may encounter an unexpected glitch: It looks a lot like Ronald Reagan's.

Obama has presided over a loss of 1.6 million of the nation's 111 million private-company jobs since taking office, according to official statistics. But since employment hit post-recession lows in February 2010, companies have added 2.6 million jobs, beating the 2.4 million created between the bottom of the 1982 recession and this point in Reagan's first term. Joblessness then was 9.2%.
Click to expand...

that doesn't make sense.......if we lost 1.6 million jobs since he took office and we added 2.6 million jobs since he took office there should be 1 million more people working today than when he took office.......there aren't......
 
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