Obama Will Be The Only President In History To Never Have A Year Of 3% GDP Growth

[NYcarbineer]

Do you blame Reagan for the 16 month recession in the 80's?

Do tell us the policies President Elect Reagan put in place to cause the recession to start in January 1980, dufus.

Now you can bounce back and start posting more BS about the GDP being above 3% the past 8 years.

SPIN BOY SPIN!!!

The recession started in July of 1981 dumbass. Now was it Reagan's fault or not?

Dufus.
In January 1980 the U.S. economy entered a recession that, at the time, was the most significant since the Great Depression. One of the causes of the early 1980s recession was the Iranian Revolution of 1979, which sparked a second large round of oil price increases. More important, however, were Federal Reserve Chairman Paul Volcker’s efforts to tame inflation through restrictive monetary policy, which had the expected effect of dampening economic growth. The American economy experienced a modest recovery beginning in the summer of 1980 but declined again from July 1981 to November 1982.
1980-82 Early 1980s Recession - Timeline - Slaying the Dragon of Debt - Regional Oral History Office - University of California, Berkeley

You just confirmed what I said.

Now was the 81 82 recession Reagan's fault or not?

America was in recession when Reagan and Obama took office.
One saw GDP rise over 7%, the other never saw it go over 3%.
First time in history a President never saw the economy hit 3%.

You lie. Why lie?

 

[Weatherman2020]

Do tell us the policies President Elect Reagan put in place to cause the recession to start in January 1980, dufus.

Now you can bounce back and start posting more BS about the GDP being above 3% the past 8 years.

SPIN BOY SPIN!!!

The recession started in July of 1981 dumbass. Now was it Reagan's fault or not?

Dufus.
In January 1980 the U.S. economy entered a recession that, at the time, was the most significant since the Great Depression. One of the causes of the early 1980s recession was the Iranian Revolution of 1979, which sparked a second large round of oil price increases. More important, however, were Federal Reserve Chairman Paul Volcker’s efforts to tame inflation through restrictive monetary policy, which had the expected effect of dampening economic growth. The American economy experienced a modest recovery beginning in the summer of 1980 but declined again from July 1981 to November 1982.
1980-82 Early 1980s Recession - Timeline - Slaying the Dragon of Debt - Regional Oral History Office - University of California, Berkeley

You just confirmed what I said.

Now was the 81 82 recession Reagan's fault or not?

America was in recession when Reagan and Obama took office.
One saw GDP rise over 7%, the other never saw it go over 3%.
First time in history a President never saw the economy hit 3%.

You lie. Why lie?

Do you not understand what that gray bar means?

 

[Weatherman2020]

Reagan is dead...so is the 1980s

Obama did move from negative 770,000 jobs to consistent employment above 200,000 that is a million jobs a month

Stop with the 94 million Americans not working crap, you get slapped down on that every time you post it but you just don't learn do you?

Reagan is dead...so is the 1980s

Yeah, Russia thinks it's 1970.

Tell us why 43 million Americans require aid to put food on the table in your glorious economy.

43 million Americans require aid? I blame the "job creators" when are they going to start trickling down some of that profit?

That really your defense of the lousy performance of Obamanomics?
Ask Obama and Hillary, both in bed with Goldman Sachs.

You really enjoy me boxing your ears, don't you?

Actually, it is my condemnation of Reaganomics that sold us out to supply side policies that made the wealthy richer and destroyed the middle class while promising trickle down

We've had decades of evidence. And yet, they insist it works. I don't get it.

If you had any self awareness you'd hide in shame.

“It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now … Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.”

– John F. Kennedy, Nov. 20, 1962, president’s news conference


“Lower rates of taxation will stimulate economic activity and so raise the levels of personal and corporate income as to yield within a few years an increased – not a reduced – flow of revenues to the federal government.”

– John F. Kennedy, Jan. 17, 1963, annual budget message to the Congress, fiscal year 1964

“In today’s economy, fiscal prudence and responsibility call for tax reduction even if it temporarily enlarges the federal deficit – why reducing taxes is the best way open to us to increase revenues.”

– John F. Kennedy, Jan. 21, 1963, annual message to the Congress: “The Economic Report Of The President”



“It is no contradiction – the most important single thing we can do to stimulate investment in today’s economy is to raise consumption by major reduction of individual income tax rates.”

– John F. Kennedy, Jan. 21, 1963, annual message to the Congress: “The Economic Report Of The President”


“Our tax system still siphons out of the private economy too large a share of personal and business purchasing power and reduces the incentive for risk, investment and effort – thereby aborting our recoveries and stifling our national growth rate.”

– John F. Kennedy, Jan. 24, 1963, message to Congress on tax reduction and reform, House Doc. 43, 88th Congress, 1st Session.

“A tax cut means higher family income and higher business profits and a balanced federal budget. Every taxpayer and his family will have more money left over after taxes for a new car, a new home, new conveniences, education and investment. Every businessman can keep a higher percentage of his profits in his cash register or put it to work expanding or improving his business, and as the national income grows, the federal government will ultimately end up with more revenues.”

– John F. Kennedy, Sept. 18, 1963, radio and television address to the nation on tax-reduction bill

 

[rightwinger]

43 million Americans require aid? I blame the "job creators" when are they going to start trickling down some of that profit?

That really your defense of the lousy performance of Obamanomics?
Ask Obama and Hillary, both in bed with Goldman Sachs.

You really enjoy me boxing your ears, don't you?

Actually, it is my condemnation of Reaganomics that sold us out to supply side policies that made the wealthy richer and destroyed the middle class while promising trickle down

We've had decades of evidence. And yet, they insist it works. I don't get it.

What I really love about Republicans is they put us on to a 30 year path of supply side policies and then gloat because middle class wages are so low

Dufus is unaware that JFK used supply side economics.

If you want to call a 70% tax rate on the wealthy supply side, I can live with that

 

[rightwinger]

Yeah, Russia thinks it's 1970.

Tell us why 43 million Americans require aid to put food on the table in your glorious economy.

43 million Americans require aid? I blame the "job creators" when are they going to start trickling down some of that profit?

That really your defense of the lousy performance of Obamanomics?
Ask Obama and Hillary, both in bed with Goldman Sachs.

You really enjoy me boxing your ears, don't you?

Actually, it is my condemnation of Reaganomics that sold us out to supply side policies that made the wealthy richer and destroyed the middle class while promising trickle down

We've had decades of evidence. And yet, they insist it works. I don't get it.

If you had any self awareness you'd hide in shame.

“It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now … Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.”

– John F. Kennedy, Nov. 20, 1962, president’s news conference


“Lower rates of taxation will stimulate economic activity and so raise the levels of personal and corporate income as to yield within a few years an increased – not a reduced – flow of revenues to the federal government.”

– John F. Kennedy, Jan. 17, 1963, annual budget message to the Congress, fiscal year 1964

“In today’s economy, fiscal prudence and responsibility call for tax reduction even if it temporarily enlarges the federal deficit – why reducing taxes is the best way open to us to increase revenues.”

– John F. Kennedy, Jan. 21, 1963, annual message to the Congress: “The Economic Report Of The President”



“It is no contradiction – the most important single thing we can do to stimulate investment in today’s economy is to raise consumption by major reduction of individual income tax rates.”

– John F. Kennedy, Jan. 21, 1963, annual message to the Congress: “The Economic Report Of The President”


“Our tax system still siphons out of the private economy too large a share of personal and business purchasing power and reduces the incentive for risk, investment and effort – thereby aborting our recoveries and stifling our national growth rate.”

– John F. Kennedy, Jan. 24, 1963, message to Congress on tax reduction and reform, House Doc. 43, 88th Congress, 1st Session.

“A tax cut means higher family income and higher business profits and a balanced federal budget. Every taxpayer and his family will have more money left over after taxes for a new car, a new home, new conveniences, education and investment. Every businessman can keep a higher percentage of his profits in his cash register or put it to work expanding or improving his business, and as the national income grows, the federal government will ultimately end up with more revenues.”

– John F. Kennedy, Sept. 18, 1963, radio and television address to the nation on tax-reduction bill

JFK was advocating a 70% tax rate on the wealthy.....are you in support of that?

 

[BlindBoo]

Thank you

We have had quite a recovery

15 million private sector jobs added, $50 trillion in national wealth. strongest dollar in decades, stock market almost tripled

Call me when Obama exceeds the one million jobs (good paying too) added in ONE MONTH under Reagan.
Wages down, quality of life down, home ownership down, $9 Trillion in debt added, 43 million Americans requiring aid to put food on the table, 94 million Americans not working.

Socialist utopia.

Reagan is dead...so is the 1980s

Obama did move from negative 770,000 jobs to consistent employment above 200,000 that is a million jobs a month

Stop with the 94 million Americans not working crap, you get slapped down on that every time you post it but you just don't learn do you?

Reagan is dead...so is the 1980s

Yeah, Russia thinks it's 1970.

Tell us why 43 million Americans require aid to put food on the table in your glorious economy.

Stagnant wages + an increase in the poverty guidelines every year = more people qualify for benefits.

We have move from manufacturing economy to an investor/service economy.

Stagnant wages and 43 million Americans requiring aid to put food on the table.

Obamanomics is a socialist paradise.

The NSLP is also tied to the poverty income rates, so, every year more and more kid get free (130% above poverty level) and reduced meals (180% of the poverty level) at school.

Specifically, what has Obama done that made wages stagnate?

 

[Weatherman2020]

That really your defense of the lousy performance of Obamanomics?
Ask Obama and Hillary, both in bed with Goldman Sachs.

You really enjoy me boxing your ears, don't you?

Actually, it is my condemnation of Reaganomics that sold us out to supply side policies that made the wealthy richer and destroyed the middle class while promising trickle down

We've had decades of evidence. And yet, they insist it works. I don't get it.

What I really love about Republicans is they put us on to a 30 year path of supply side policies and then gloat because middle class wages are so low

Dufus is unaware that JFK used supply side economics.

If you want to call a 70% tax rate on the wealthy supply side, I can live with that

Shitforbrains thinks people paid 70% in taxes.

 

[Weatherman2020]

Call me when Obama exceeds the one million jobs (good paying too) added in ONE MONTH under Reagan.
Wages down, quality of life down, home ownership down, $9 Trillion in debt added, 43 million Americans requiring aid to put food on the table, 94 million Americans not working.

Socialist utopia.

Reagan is dead...so is the 1980s

Obama did move from negative 770,000 jobs to consistent employment above 200,000 that is a million jobs a month

Stop with the 94 million Americans not working crap, you get slapped down on that every time you post it but you just don't learn do you?

Reagan is dead...so is the 1980s

Yeah, Russia thinks it's 1970.

Tell us why 43 million Americans require aid to put food on the table in your glorious economy.

Stagnant wages + an increase in the poverty guidelines every year = more people qualify for benefits.

We have move from manufacturing economy to an investor/service economy.

Stagnant wages and 43 million Americans requiring aid to put food on the table.

Obamanomics is a socialist paradise.

The NSLP is also tied to the poverty income rates, so, every year more and more kid get free (130% above poverty level) and reduced meals (180% of the poverty level) at school.

Specifically, what has Obama done that made wages stagnate?

Policies opposite of Reagan.
Obama officially owns this economy.

 

[rightwinger]

Actually, it is my condemnation of Reaganomics that sold us out to supply side policies that made the wealthy richer and destroyed the middle class while promising trickle down

We've had decades of evidence. And yet, they insist it works. I don't get it.

What I really love about Republicans is they put us on to a 30 year path of supply side policies and then gloat because middle class wages are so low

Dufus is unaware that JFK used supply side economics.

If you want to call a 70% tax rate on the wealthy supply side, I can live with that

Shitforbrains thinks people paid 70% in taxes.

And they don't pay 38% now.....just ask Trump

Oh wait, you can't do that, the asshole refuses to release his taxes

 

[BlindBoo]

Reagan is dead...so is the 1980s

Obama did move from negative 770,000 jobs to consistent employment above 200,000 that is a million jobs a month

Stop with the 94 million Americans not working crap, you get slapped down on that every time you post it but you just don't learn do you?

Reagan is dead...so is the 1980s

Yeah, Russia thinks it's 1970.

Tell us why 43 million Americans require aid to put food on the table in your glorious economy.

Stagnant wages + an increase in the poverty guidelines every year = more people qualify for benefits.

We have move from manufacturing economy to an investor/service economy.

Stagnant wages and 43 million Americans requiring aid to put food on the table.

Obamanomics is a socialist paradise.

The NSLP is also tied to the poverty income rates, so, every year more and more kid get free (130% above poverty level) and reduced meals (180% of the poverty level) at school.

Specifically, what has Obama done that made wages stagnate?

Policies opposite of Reagan.
Obama officially owns this economy.

Real specific. Reagan spent his way out of recession by increasing the size of Government. He also had a Congress willing to compromise. Both were poopoo'ed by the GOP starting in 2009.

 

[Votto]

The recession started in July of 1981 dumbass. Now was it Reagan's fault or not?

Dufus.
In January 1980 the U.S. economy entered a recession that, at the time, was the most significant since the Great Depression. One of the causes of the early 1980s recession was the Iranian Revolution of 1979, which sparked a second large round of oil price increases. More important, however, were Federal Reserve Chairman Paul Volcker’s efforts to tame inflation through restrictive monetary policy, which had the expected effect of dampening economic growth. The American economy experienced a modest recovery beginning in the summer of 1980 but declined again from July 1981 to November 1982.
1980-82 Early 1980s Recession - Timeline - Slaying the Dragon of Debt - Regional Oral History Office - University of California, Berkeley

You just confirmed what I said.

Now was the 81 82 recession Reagan's fault or not?

America was in recession when Reagan and Obama took office.
One saw GDP rise over 7%, the other never saw it go over 3%.
First time in history a President never saw the economy hit 3%.

You lie. Why lie?

Do you not understand what that gray bar means?

Hilarious!

 

[Conservative65]

Obamanomics. I told you this would happen 8 years ago.

We just got another extremely disappointing GDP number. It was being projected that U.S. GDP would grow by 2.5 percent during the second quarter of 2016, but instead it only grew by just 1.2 percent. In addition, the Census Bureau announced that GDP growth for the first quarter of 2016 had been revised down from 1.1 percent to 0.8 percent. What this means is that the U.S. economy is just barely hanging on by its fingernails from falling into a recession. As Zero Hedge has pointed out, the “average annual growth rate during the current business cycle remains the weakest of any expansion since at least 1949″. This is not what a recovery looks like.

In addition, Barack Obama remains solidly on track to be the only president in all of U.S. history to never have a single year when the economy grew by at least 3 percent. Every other president in American history, even the really bad ones, had at least one year when U.S. GDP grew by at least 3 percent. But this has not happened under Obama even though he has had two terms in the White House.

Barack Obama Will Be The Only President In History To Never Have A Year Of 3% GDP Growth | Zero Hedge

A statistical anomaly

What Obama has given us is eight years of steady growth. No real peaks, no real valleys , just steady growth in the 2-3 % range

Obama has also seen $50 Trillion added to our nations wealth. More than any president in history

What Obama's seen is a longer line to kiss his ass. Pucker up, liar.

 

[rightwinger]

Obamanomics. I told you this would happen 8 years ago.

We just got another extremely disappointing GDP number. It was being projected that U.S. GDP would grow by 2.5 percent during the second quarter of 2016, but instead it only grew by just 1.2 percent. In addition, the Census Bureau announced that GDP growth for the first quarter of 2016 had been revised down from 1.1 percent to 0.8 percent. What this means is that the U.S. economy is just barely hanging on by its fingernails from falling into a recession. As Zero Hedge has pointed out, the “average annual growth rate during the current business cycle remains the weakest of any expansion since at least 1949″. This is not what a recovery looks like.

In addition, Barack Obama remains solidly on track to be the only president in all of U.S. history to never have a single year when the economy grew by at least 3 percent. Every other president in American history, even the really bad ones, had at least one year when U.S. GDP grew by at least 3 percent. But this has not happened under Obama even though he has had two terms in the White House.

Barack Obama Will Be The Only President In History To Never Have A Year Of 3% GDP Growth | Zero Hedge

A statistical anomaly

What Obama has given us is eight years of steady growth. No real peaks, no real valleys , just steady growth in the 2-3 % range

Obama has also seen $50 Trillion added to our nations wealth. More than any president in history

What Obama's seen is a longer line to kiss his ass. Pucker up, liar.

Wow...came up with that one on your own?

You must be conservative

 

[Conservative65]

Obamanomics. I told you this would happen 8 years ago.

We just got another extremely disappointing GDP number. It was being projected that U.S. GDP would grow by 2.5 percent during the second quarter of 2016, but instead it only grew by just 1.2 percent. In addition, the Census Bureau announced that GDP growth for the first quarter of 2016 had been revised down from 1.1 percent to 0.8 percent. What this means is that the U.S. economy is just barely hanging on by its fingernails from falling into a recession. As Zero Hedge has pointed out, the “average annual growth rate during the current business cycle remains the weakest of any expansion since at least 1949″. This is not what a recovery looks like.

In addition, Barack Obama remains solidly on track to be the only president in all of U.S. history to never have a single year when the economy grew by at least 3 percent. Every other president in American history, even the really bad ones, had at least one year when U.S. GDP grew by at least 3 percent. But this has not happened under Obama even though he has had two terms in the White House.

Barack Obama Will Be The Only President In History To Never Have A Year Of 3% GDP Growth | Zero Hedge

A statistical anomaly

What Obama has given us is eight years of steady growth. No real peaks, no real valleys , just steady growth in the 2-3 % range

Obama has also seen $50 Trillion added to our nations wealth. More than any president in history

What Obama's seen is a longer line to kiss his ass. Pucker up, liar.

Wow...came up with that one on your own?

You must be conservative

Just an observation based on more and more like you lining up.

It's obvious you're a Liberal. That's what Liberals do to their boy.

 

[NYcarbineer]

Reagan is dead...so is the 1980s

Obama did move from negative 770,000 jobs to consistent employment above 200,000 that is a million jobs a month

Stop with the 94 million Americans not working crap, you get slapped down on that every time you post it but you just don't learn do you?

Reagan is dead...so is the 1980s

Yeah, Russia thinks it's 1970.

Tell us why 43 million Americans require aid to put food on the table in your glorious economy.

Stagnant wages + an increase in the poverty guidelines every year = more people qualify for benefits.

We have move from manufacturing economy to an investor/service economy.

Stagnant wages and 43 million Americans requiring aid to put food on the table.

Obamanomics is a socialist paradise.

The NSLP is also tied to the poverty income rates, so, every year more and more kid get free (130% above poverty level) and reduced meals (180% of the poverty level) at school.

Specifically, what has Obama done that made wages stagnate?

Policies opposite of Reagan.
Obama officially owns this economy.

What policies? Not ballooning the deficit?

 

[Weatherman2020]

Yeah, Russia thinks it's 1970.

Tell us why 43 million Americans require aid to put food on the table in your glorious economy.

Stagnant wages + an increase in the poverty guidelines every year = more people qualify for benefits.

We have move from manufacturing economy to an investor/service economy.

Stagnant wages and 43 million Americans requiring aid to put food on the table.

Obamanomics is a socialist paradise.

The NSLP is also tied to the poverty income rates, so, every year more and more kid get free (130% above poverty level) and reduced meals (180% of the poverty level) at school.

Specifically, what has Obama done that made wages stagnate?

Policies opposite of Reagan.
Obama officially owns this economy.

What policies? Not ballooning the deficit?

Shitforbrains is unaware of the Reagan policies yet posts on this message board.

 

[BluesLegend]

OP he will just blame Bush this clown has been blaming others for his failures all his life. If its any consolation he'll have 20-30 years of retirement to suck on his failures while watching future presidents succeed.

 

[rightwinger]

OP he will just blame Bush this clown has been blaming others for his failures all his life. If its any consolation he'll have 20-30 years of retirement to suck on his failures while watching future presidents succeed.

What can we blame Bush for?

Getting us involved in two unnecessary wars
Trashing the economy
Torture
Gitmo

 

[Conservative65]

OP he will just blame Bush this clown has been blaming others for his failures all his life. If its any consolation he'll have 20-30 years of retirement to suck on his failures while watching future presidents succeed.

What can we blame Bush for?

Getting us involved in two unnecessary wars
Trashing the economy
Torture
Gitmo

You mean one

OP he will just blame Bush this clown has been blaming others for his failures all his life. If its any consolation he'll have 20-30 years of retirement to suck on his failures while watching future presidents succeed.

What can we blame Bush for?

Getting us involved in two unnecessary wars
Trashing the economy
Torture
Gitmo

I thought Obama was going to shut down Gitmo?

So you call over 42 million on food stamps a good economy? I checked the numbers. When Bush had a 4.9% unemployment rate, only 27 million were on food stamps. When Obama has that rate, there are 42 million. Why can't the black guy do as good of a job in that area?

You mean the war in Afghanistan where Obama has extended troop stays?

 

[Rustic]

Obamanomics. I told you this would happen 8 years ago.

We just got another extremely disappointing GDP number. It was being projected that U.S. GDP would grow by 2.5 percent during the second quarter of 2016, but instead it only grew by just 1.2 percent. In addition, the Census Bureau announced that GDP growth for the first quarter of 2016 had been revised down from 1.1 percent to 0.8 percent. What this means is that the U.S. economy is just barely hanging on by its fingernails from falling into a recession. As Zero Hedge has pointed out, the “average annual growth rate during the current business cycle remains the weakest of any expansion since at least 1949″. This is not what a recovery looks like.

In addition, Barack Obama remains solidly on track to be the only president in all of U.S. history to never have a single year when the economy grew by at least 3 percent. Every other president in American history, even the really bad ones, had at least one year when U.S. GDP grew by at least 3 percent. But this has not happened under Obama even though he has had two terms in the White House.

Barack Obama Will Be The Only President In History To Never Have A Year Of 3% GDP Growth | Zero Hedge

He's a fuck up...