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(Investors Business Daily)   Fact of the day: If Obama's recovery had been as good as Reagan's, we'd be $2.2 trillion richer   (news.investors.com ) divider line
    More: Fail, GDP, new economic, Jack Frost  
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1328 clicks; posted to Politics » on 26 Jun 2014 at 9:08 AM (2 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



492 Comments     (+0 »)
 
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2014-06-26 08:50:59 AM  
It's not his fault though, subby.  His party only controls the White House and the Senate.  Unless they are able to control the entire government, they can't be expected to get anything done.  They are politicians, for Christ's sake - not leaders!
 
2014-06-26 08:52:36 AM  
lol
 
2014-06-26 08:53:33 AM  
What if his hair was as good as Reagan's? Think on that, libtardeaux
 
2014-06-26 08:56:26 AM  
Not "we." Someone would be, but you can bet your happy ass it wouldn't be you or me.
 
2014-06-26 08:56:39 AM  

Lucky LaRue: It's not his fault though, subby.  His party only controls the White House and the Senate.  Unless they are able to control the entire government, they can't be expected to get anything done.  They are politicians, for Christ's sake - not leaders!


You're getting even worse at this.
 
2014-06-26 08:57:10 AM  
lolol, from TFA: "Even George W. Bush has a better record on jobs than Obama, when you compare apples to apples. By this point in the Bush recovery, unemployment was down to 5%; today, it's 6.3%."

Bush.

Recovery.
 
2014-06-26 08:59:46 AM  
Another day, another teatard cherry picking "facts" and blaming Obama for them.

http://www.forbes.com/sites/panosmourdoukoutas/2012/09/30/obama-vs-r ea gan-recovery-right-comparison-wrong-conclusion/

The real reason "Reagan's" recovery was better:

"After bringing inflation under control during the Carter years with monetary tightening, Paul Volcker (appointed by President Carter and re-appointed by President Reagan) had plenty of room to reverse course, cutting short-term interest rates from around 20 percent in 1982 to around 6 percent in 1988!"

FTA:

The picture is equally dismal on jobs. Obama says more than 8 million have been created since early 2010 - when employment hit rock bottom - but he fails to note that the working-age population climbed almost exactly that amount since then, which is why the worker-to-population ratio remains stuck at three-decade lows.

I guess the writers of an unsigned article at Investors Daily don't know how to use Google or at least ignore the facts when writing screeds about Obama.


Republicans are the ones blocking the economic recovery while Obama is in office.
http://lmgtfy.com/?q=republicans+block+jobs+bill
 
2014-06-26 09:01:18 AM  
If Obama's recovery were as good as Reagan's, Stephen Hawking would still be alive today.
 
2014-06-26 09:06:22 AM  
I'd like to know what kind of sucker takes their investment advice.
 
2014-06-26 09:09:06 AM  

Diogenes: I'd like to know what kind of sucker takes their investment advice.


The same people who invest in Goldline, real estate on the moon, and star names.
 
2014-06-26 09:11:20 AM  

Diogenes: I'd like to know what kind of sucker takes their investment advice.


I've been told they're born every day.
 
2014-06-26 09:12:04 AM  
Fact of the day: If your aunt were your uncle, she'd have balls.
 
DGS [TotalFark]
2014-06-26 09:12:29 AM  
And by 'we', subby, just who do you mean?
 
2014-06-26 09:12:58 AM  
If Investors Business Daily actually reported its real circulation, it would be in the high 2.2Ks and they'd be screaming the Audit Bureau of Circulation is a Bilderburger or Assburger plot..
 
2014-06-26 09:13:58 AM  

BunkoSquad: What if his hair was as good as Reagan's? Think on that, libtardeaux


What if he had the same skin color as Reagan? Just imagine if he had an R instead of an D next to his name, we would have been Tera-trillion dollars richer by now!
 
2014-06-26 09:14:24 AM  
"we"
 
2014-06-26 09:14:35 AM  
we'd be $2.2 trillion richer

Well, not you.
 
2014-06-26 09:16:10 AM  

skozlaw: Fact of the day: If your aunt were your uncle, she'd have balls.


If things weren't the same, they'd be different.
 
2014-06-26 09:16:12 AM  
So my takeaway from this is that although Bush was handed a record surplus, which he managed to squander, he also had a crash AND a recovery just in time to have another crash, right as he left office.

But Obama is the "bad" one.

Do I get a gold level subscription to their site now?
 
2014-06-26 09:16:41 AM  

Arkanaut: we'd be $2.2 trillion richer

Well, not you.


smokd
 
2014-06-26 09:18:15 AM  
Hmm....lessee...now what's happened over the last decade that cost 2 trillion?  And who initiated it?

Welp, it couldn't be that little incident in Iraq.

Correct!  It's that damnable blah guy demanding health care for all citizens.
 
2014-06-26 09:18:19 AM  
Thank you Investors Business Daily for keeping us infromed.
 
2014-06-26 09:18:30 AM  

HotWingConspiracy: If things weren't the same, they'd be different.


It's computers, man

SAN DIMAS HIGH SCHOOL FOOTBALL RULES!!!
 
2014-06-26 09:19:28 AM  
Fact of the day: If Obama's recovery had been as good as Reagan's, we'd the top 1% would be $2.19 trillion richer, and the rest of us would get the leftover.
 
2014-06-26 09:20:21 AM  

HotWingConspiracy: skozlaw: Fact of the day: If your aunt were your uncle, she'd have balls.

If things weren't the same, they'd be different.


upload.wikimedia.org

"Which is just as good as money!"
 
2014-06-26 09:20:58 AM  
Reagans recovery? Are you telling me he didn't die years ago?
 
2014-06-26 09:21:01 AM  
nah, 8 guys would be 2.7 trillion dollars richer and the rest of the population would be 500 billion dollars poorer.
 
2014-06-26 09:21:18 AM  
www.troycitydesign.com
 
2014-06-26 09:21:23 AM  
1) the economic collapse of 2008 was infinitely worse than the recession of 1980
2) democrats actually worked with reagan instead of opposing every single thing he did as republicans do now
 
2014-06-26 09:22:15 AM  
oh and

3) carter didn't start a disastrous illegal war that cost the country several trillion dollars
 
2014-06-26 09:23:04 AM  
We need to stop looking at numbers as an indicator of economic health and look at the underlying fundamentals.  Automation and outsourcing has hollowed out the middle class.  It appears that outsourcing is slowing down, but automation certainly isn't.  We're graduating huge numbers of highly educated people with large amounts of debt into a job market that does not need their skills or really have jobs available for them.  We're extending the lives of our senior citizens with more and more expensive medicine, which is going putting serious strain on our finances.  We've had and continue to have a fairly large trade deficit for forty years.  And on top of all of that, countries are exploring dollar divestment.

I find it funny that so many people criticize corporations for only worrying about next quarter's numbers, but then turn around and do the exact same thing with US macro numbers.  Who cares if employment is going up if the jobs aren't worthwhile.  Who cares if GDP is going up if it's based on unsustainable spending.  Etc, etc.   We need to be looking at the long term trends facing the American economy, not worrying about what the GDP did in one quarter.
 
2014-06-26 09:23:14 AM  

Diogenes: I'd like to know what kind of sucker takes their investment advice.


My brother in law.

/god help me
 
2014-06-26 09:24:11 AM  
Reagan would have absconded with an F-16 and flown over to Benghazi at the first sign of trouble along with his tough, streetwise wingman, Louis Gosset Jr.   Then Reagan would have blown up all the refineries and picked up Chris Stevens and those other guys and then destroyed the entire Libyan Air Force all while listening to screaming guitar solos on his walkman.
 
2014-06-26 09:24:16 AM  

Diogenes: I'd like to know what kind of sucker takes their investment advice.


This guy.
 
2014-06-26 09:25:29 AM  

Lucky LaRue: It's not his fault though, subby.  His party only controls the White House and the Senate.  Unless they are able to control the entire government, they can't be expected to get anything done.  They are politicians, for Christ's sake - not leaders!


Exactly! The constitution explicitly states that all laws are passed on a "best two out of three" basis. Study it out, libulardos.

And anyway, Republicans have been honest, agreeable, patriotic partners, open to compromise and acting in the utmost good faith to make amends for their disastrous policies that let to the worst financial crisis of our lifetimes.

Can't believe that I made it to the end of that sentence without spitting coffee over the keyboard.
 
2014-06-26 09:25:45 AM  
Fact of the day: If frogs had wings they wouldn't bump their ass when they hop
 
2014-06-26 09:26:44 AM  
The finger pointing is a distraction.

Reduce consumption.  Stifle growth.  Initial pain, followed by long term benefits.

That's the plan.

No STFU and make do with less, you over consuming fat-asses.
 
2014-06-26 09:28:28 AM  
Interesting article. I never really thought the economy has recovered like it should have. I like the numbers here, but I am sure things will get better.
 
2014-06-26 09:28:49 AM  

FlashHarry: 1) the economic collapse of 2008 was infinitely worse than the recession of 1980


Primarily because it wasn't the same kind of recession. Financial crises are fundamentally different animals. They historically take forever to recover from. And other than the lost couple of decades in Japan, we're doing better employment-wise than pretty much every other country that has historically experienced such a crisis. Scoreboard:

oregoneconomicanalysis.files.wordpress.com
 
2014-06-26 09:29:11 AM  

MattStafford: We need to stop looking at numbers as an indicator of economic health and look at the underlying fundamentals.


Coconuts? It's coconuts, isn't it?
 
2014-06-26 09:30:44 AM  
If it weren't for my horse, I wouldn't have spent that year in college.
 
2014-06-26 09:32:07 AM  
Incredible Butthole Daily
 
2014-06-26 09:32:14 AM  
Each.
 
2014-06-26 09:32:46 AM  

MattStafford: Diogenes: I'd like to know what kind of sucker takes their investment advice.

This guy.


Oh you don't use your GED in economics to spot worthy coconut purchases on your own.
 
2014-06-26 09:33:21 AM  
"We" would not. The billionaires of the world would.
 
2014-06-26 09:33:50 AM  
And if the 2000 election hadn't been rigged, Al Gore would have killed Osama bin Laden on 8-11.
 
2014-06-26 09:33:56 AM  
 
2014-06-26 09:34:13 AM  

Serious Black: FlashHarry: 1) the economic collapse of 2008 was infinitely worse than the recession of 1980

Primarily because it wasn't the same kind of recession. Financial crises are fundamentally different animals. They historically take forever to recover from. And other than the lost couple of decades in Japan, we're doing better employment-wise than pretty much every other country that has historically experienced such a crisis. Scoreboard:

[oregoneconomicanalysis.files.wordpress.com image 850x605]


Can someone splain Japan?
 
2014-06-26 09:36:48 AM  

Poopspasm: Oh you don't use your GED in economics to spot worthy coconut purchases on your own.


I generally go with a 25%/25%/25%/25% portfolio - bonds, equities, gold, coconuts.
 
2014-06-26 09:37:26 AM  

MattStafford: We need to stop looking at numbers


..and start looking at coconuts.
 
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