Some facts for the Obama haters
backseatLover12
Posts: 2,312
…cause they're gonna hate anyway.
Obama Outperforms Reagan On Jobs, Growth And Investing
Obama Outperforms Reagan On Jobs, Growth And Investing
Bob Deitrick: ”President Reagan has long been considered the best modern economic President. So we compared his performance dealing with the oil-induced recession of the 1980s with that of President Obama and his performance during this ‘Great Recession.’More at http://www.forbes.com/sites/adamhartung/2014/09/05/obama-outperforms-reagan-on-jobs-growth-and-investing/
“As this unemployment chart shows, President Obama’s job creation kept unemployment from peaking at as high a level as President Reagan, and promoted people into the workforce faster than President Reagan.
“President Obama has achieved a 6.1% unemployment rate in his sixth year, fully one year faster than President Reagan did. At this point in his presidency, President Reagan was still struggling with 7.1% unemployment, and he did not reach into the mid-low 6% range for another full year. So, despite today’s number, the Obama administration has still done considerably better at job creating and reducing unemployment than did the Reagan administration.
“We forecast unemployment will fall to around 5.4% by summer, 2015. A rate President Reagan was unable to achieve during his two terms.”
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I wish it was like Facebook where you can tag people...godfather, muskydan, unsung what say you?
Another inconvenient truth.
I predict the silence will be broken by crickets alone.
Now as a buisness owner I have done just fine under this admin although I pay way more to the govt as does my employees.Was it Obama that led to me doing fine or was it our hard work and commitment to succeed in spite of the govt stepping on our toes?
The post doesn't make any claims about his competency though, it only refutes the false notions that are espoused by the right wing establishment. I don't think anyone who knows much about the economy will give Obama much credit, but many of those same people herald Reagan as some sort of economic hero, which is just about as false as "emperor" Obama and his "terrible" economic record.
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A very little bit of research in under 1 minute finds the actual factual truth.
In 2009 shortly after Obama took over the national debt was just under 12 trillion.
As of 3 months ago it was just under 18 trillion.
If I do my basic elementary math correctly that is a 50% increase not 200%.
In checking recent history its easy to find that in 2000 the debt was around 5.5 trillion and by late 2008 the debt was 10.5 trillion.
Once again doing basic elementary math that means during the Cheney/Rove regime the debt increased 190%.
Yes it is a much higher dollar amount and yes it is bad. But, the overall percent increase is much less than during the previous govt.
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When the Cheney/Rove regime started the national debt was 5.8 trillion.
At the end it was 11.9 trillion.
An increase of 6.1 trillion
An increase of 105%
Using your figures the actual percentage increase during the Obama presidency is 59%.
Last I checked their is a large difference between 105% and 59%.
105% is actually more than double.
But I'm sure you'll come back with potato and I'll say potato and in the long run it won't really matter. But maybe some people will read these posts and take a couple of minutes and do some research and get the facts.