In case you missed it Rank of worst performing administrations by real, per capita, debt adjusted growth in GDP, since WWII, annualized: Bush I: -6.27% (that's a big minus sign, in case you missed it) Bush II: -4,03% Reagan: -3.25%
Yep....and Obama is gona save the day for you guys.... GDP should boom right? Post the source of your numbers.
But you are correct....DEBT was high....under those and many Dems as well. You'r not gona get a balance budget....after Buble Pop...911, War that is contined and now a Housing Crises... Unemployment near 15%.... Nevertheless, I hope OBAMA saves you......all of you who have dreams of making it and building wealth.
So you do not even know how the economy did under Reagan but were sure enough to declare that its blasphemy to 'bash' Reagan.
It's been about one year since Son of a Bush has left office and still everyone is shitting on him as the fool that he is. HealthCare Reform pass and thank god for that. The Repub are upset.The best line on H.C. Reform by Leno last night. "The Repub are all upset over the cost of the plan but HEY all they have to do is: JUST PRETEND IT'S ANOTHER UNNECESSARY WAR"
It's been just over a year since the "Obama-nation" numbnut came into power, and already we have increased the national debt by so much ( and plenty more baked in with Obamacare ) that from now any "recovery" mode will seem like a recession used to feel, and any downturn will seem like a depression. These are the wonderful things that we got from Obama: 1. Massive stimulus that "created or saved" jobs, despite the fact that most of it hasn't even been spent yet, and unemployment headed over 10% by official figures, and topping 17% or more if you count people who are out of work involuntarily rather than just those still receiving unemployment benefits. Hello national debt - almost every job created now is in government or related to it, like the census. 2. Empowering the EPA to declare carbon dioxide as a pollutant!! What an idiot - I suppose humans breathing is a problem we have to fix now - why? So we can tax the air next??? Global warming idiots running around thinking destroying the energy sector is going to save the earth. 3. Cash for clunkers - another massive waste of money to reward people for buying cars they would have bought anyways. 4. Creating a housing tax credit for first time buyers to forestall the natural correction in the housing market, that would have ended the pain sooner had it just been allowed to run to completion. Instead, we can wait another 10-15 years for it to all flush out - ask Japan how that one is working out. 5. Getting ready to give another amnesty to illegal immigrants - that ought to really help out the deficit and the job market...., NOT 6. Pouring money down the drain trying to "save GM" instead of letting it go bankrupt in the beginning. 7. Putting a massive new entitlement (ObamaCare) into the budget and lying about how much it costs just to attempt to "buy some votes" in 2010 - good luck with that by the way. 8. Transaction tax coming? Obama is dumb enough - I can't imagine why a trader would be excited about this administration. It could be the cause of losing your freedom to trade......
The person above is one DUMB Ass Son of a Bitch. The Repub spent ONE TRILLION on a useless war got thousands of people killed for no good reason other than change a Middle Eastern govt. As least Obama is spending USA money on American's. You are one Stupid Son of a Bitch.
Health Care Commerical http://www.funnyconservatives.com/2010/03/wacky-washington-health-care-emporium/
Tim tim tim, you have been mislead by your Progressive Profs. at what ever tier 6 University you attend. REGAN: Economic Committee reported in April 2000:2 In 1981, newly elected President Ronald Reagan refocused fiscal policy on the long run. He proposed, and Congress passed, sharp cuts in marginal tax rates. The cuts increased incentives to work and stimulated growth. These were funda-mental policy changes that provided the foundation for the Great Expansion that began in December 1982. ____________________________________________________ GDP From 1983-90, Total Growth 35.7% 1991 to 99 33% growth Total Growth From 83-99 GDP was 80% Now Average Annual Growth was 4.1% and 3.3% with a total growth period as 3.6% The dow for those periods, 14.5%, 16.1% with the total at 15%. "Even with the growing surplus, however, a small but vocal faction in Congress opposes any policies that would allow taxpayers to keep more of their own money through real tax cuts and that generally would shift power from the government to the people. This attempt to rewrite history should not be surprising. Proponents of additional government spending try to make the Reagan boom appear to be a bust because they fear that Reagan's success would have helped President Bush build popular support for lower taxes, further deregulation, and reduced government spending. But their rhetoric is easily countered by the evidence." Now, you are correct on Federal Spending under Regan: "HOW DID REAGAN'S POLICIES AFFECT FEDERAL SPENDING? Although critics continue to focus on President Reagan's budget "cuts," federal spending rose significantly during the 1980s: Federal spending more than doubled, growing from almost $591 billion in 1980 to $1.25 trillion in 1990. In constant inflation-adjusted dollars, this was an increase of 35.8 percent.6 As a percentage of GDP, federal expenditures grew slightly from 21.6 percent in 1980 to 21.8 percent in 1990.7 Contrary to popular myth, while inflation-adjusted defense spending increased by 50 percent between 1980 and 1989, it was curtailed when the Cold War ended and fell by 15 percent between 1989 and 1993. However, means-tested entitlements, which do not include Social Security or Medicare, rose by over 102 percent between 1980 and 1993, and they have continued climbing ever since.8 Total spending on all national security programs never equaled domestic spending, even when Social Security, Medicare, and net interest are excluded from domestic totals. In addition, national security spending fell during the Administration of the senior President Bush, while domestic spending increased in both mandatory and discretionary accounts.9 " these are simple facts. Yet in conclusion, CONCLUSION "No matter how advocates of big government try to rewrite history, Ronald Reagan's record of fiscal responsibility continues to stand as the most successful economic policy of the 20th century. His tax reforms triggered an economic expansion that continues to this day. His investments in national security ended the Cold War and made possible the subsequent defense spending reductions that are largely responsible for the current federal surpluses. His efforts to restrain the expansion of federal government helped to limit the growth of domestic spending. If Reagan's critics had been willing to work with him to limit domestic spending even further and to control the growth of entitlements, the budget would have been balanced five to ten years sooner and without the massive tax increase imposed in 1993. Today, Members of Congress from across the political spectrum should stand on the evidence and defend the Reagan record. To the extent that President Bush's proposals mirror those of Ronald Reagan, his plan should be a welcome strategy to lower the tax burden on Americans and to make the system more responsible. If the advocates of big government in Congress cooperate with President Bush rather than merely continuing to fund obsolete, wasteful, and redundant programs, there is no limit to the prosperity that Americans can generate. Peter Sperry is the Grover M. Hermann Fellow in Federal Budgetary Affairs in the Thomas A. Roe Institute for Economic Policy Studies at The Heritage Foundation." Thus, take this little tid-bit back to your Professor's. Oh yea, 100% of student Loans are now controlled by the Goberment...So, your in good hands!