Billy000
Democratic Socialist
- Nov 10, 2011
- 32,101
- 12,850
- Thread starter
- #61
Reagan had higher interest rates to deal with. He was handed an economy that had a lousy trajectory and did not have the benefit of the sudden drop that Obama had.
I can recall interest rates as high as 18%. If Obama had that, we'd be dead.
The real tell is that workforce participation in 1983 was growing. For Obama it is the reverse.
Obama had to fight for re-election. Reagan hardly had to run an ad. He won 49 states.
The economy that Obama inherited was NOTHING like the economy Reagan inherited.
Why are you even bringing Reagan up anyway?
You are right. It was better.
And Reagan had to let it continue to squeeze down for a year before he got it turned around.
He did a much better job.
Clinton was the major benefactor of that economy.
But we are in a recovery. It is slow and I dont think Obama's policies have anything to do with how slow it is besides that the stimulus package should have been bigger.