The President with the worst average unemployment rate since World War II is?

[edthecynic]

That is one of the BEST 7 year stretches for the U.S. job market in history! It is only the last 6 months of the Bush Presidency where things nose dived. But that does not change the fact that for seven years, the economy was VERY GOOD for those in the labor force!

The 7 year stretch was only because of a bubble created by Bush, which he burst his last year.

Bush's bubble was a liberal bubble brought on by liberal housing policies that featured 132 liberal programs to get people into houses that the free market said they could not afford. When the bubble burst Fan/Fred held 77% of the AltA and sub prime mortgages.

"These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis," said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."-Barney Frank

BULLSHIT!
Frank was a powerless MINORITY Congressman.

 

[EdwardBaiamonte]

his 10.3% unemployment rate

Obama has never had a 10.3% UE rate.

actually he peaked at 17%
Isn't learning fun??

Actually he peaked at 10%, liar.

actually it peaked at 17% and is now down to 10.5% which is why Fed is so concerned about barry's 2% recovery!!

 

[Faun]

liberals are complete idiots

older workers are delaying retirement; not retiring in record numbers

You're fucking retarded. Baby boomers are indeed retiring in record numbers.

no they aren't leftard

the number is steady; has been years

Yes, you freak of nature, they are. The number of annual retirees ranged from about 1.5 million to 1.7 million from [at least] 1975 through 1999. It jumped from 2000 through 2008 from 1.8m to 2m. Those were the years baby boomers began hitting the earliest retirement age of 55. In 2008, they began turning 62. It increased dramatically since 2009 from 2.6m to 2.8m.

You really are fucking retarded to claim baby boomers are not retiring in record numbers.

 

[EdwardBaiamonte]

That is one of the BEST 7 year stretches for the U.S. job market in history! It is only the last 6 months of the Bush Presidency where things nose dived. But that does not change the fact that for seven years, the economy was VERY GOOD for those in the labor force!

The 7 year stretch was only because of a bubble created by Bush, which he burst his last year.

Bush's bubble was a liberal bubble brought on by liberal housing policies that featured 132 liberal programs to get people into houses that the free market said they could not afford. When the bubble burst Fan/Fred held 77% of the AltA and sub prime mortgages.

"These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis," said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."-Barney Frank

BULLSHIT!
Frank was a powerless MINORITY Congressman.

Frank was typical of all the liberals who supported
132 programs to get people into houses the free market said they could not afford.
When bubble burst Fan fred help 77% of Alt A and sub prime mortgages.e

 

[edthecynic]

his 10.3% unemployment rate

Obama has never had a 10.3% UE rate.

actually he peaked at 17%
Isn't learning fun??

Actually he peaked at 10%, liar.

actually it peaked at 17% and is now down to 10.5% which is why Fed is so concerned about barry's 2% recovery!!

Actually UE peaked at 10% and is 5.3% now.

 

[EdwardBaiamonte]

liberals are complete idiots

older workers are delaying retirement; not retiring in record numbers

You're fucking retarded. Baby boomers are indeed retiring in record numbers.

no they aren't leftard

the number is steady; has been years

Yes, you freak of nature, they are. The number of annual retirees ranged from about 1.5 million to 1.7 million from [at least] 1975 through 1999. It jumped from 2000 through 2008 from 1.8m to 2m. Those were the years baby boomers began hitting the earliest retirement age of 55. In 2008, they began turning 62. It increased dramatically since 2009 from 2.6m to 2.8m.

You really are fucking retarded to claim baby boomers are not retiring in record numbers.

Fed has LFPR among working aged population at 62.6% which is way too high to raise rates above 0%. In short Barry has us in a permanent near recession.

 

[Faun]

Do ya think repeating your crazy notion that Obama's been president for 7 years is gonna make you appear anything less than batshit insane, Crazy Eddie?

what a surprise this stupid liberal wants to debate how long Barry has been in office rather than his 10.3% unemployment rate, slowest recovery since Great Depression!!

No one is debating Obama's been in office 7 years -- only making fun of you for being crazy enough to believe he has. As far as the U-6 rate....

Bush.......... 7.3% to 14.2%
Obama .... 14.2% to 10.5%

 

[Faun]

his 10.3% unemployment rate

Obama has never had a 10.3% UE rate.

actually he peaked at 17%
Isn't learning fun??

Actually he peaked at 10%, liar.

Crazy Eddie is as nutty as they come.

 

[EdwardBaiamonte]

Do ya think repeating your crazy notion that Obama's been president for 7 years is gonna make you appear anything less than batshit insane, Crazy Eddie?

what a surprise this stupid liberal wants to debate how long Barry has been in office rather than his 10.3% unemployment rate, slowest recovery since Great Depression!!

No one is debating Obama's been in office 7 years -- only making fun of you for being crazy enough to believe he has. As far as the U-6 rate....

Bush.......... 7.3% to 14.2%
Obama .... 14.2% to 10.5%

too stupid and typically, do you have any idea what your point is???????

 

[rdean]

Which president was given the worst mess?

Which president had an entire political party try to bring him down even before he was sworn in?

Hint, it was the same one that gave him the worst mess.

which president has legions of left-wing losers making idiotic excuses for him?

hint: the same one still blaming bush more than halfway through his 7th year

That's how bad the damage went.

 

[EdwardBaiamonte]

his 10.3% unemployment rate

Obama has never had a 10.3% UE rate.

actually he peaked at 17%
Isn't learning fun??

Actually he peaked at 10%, liar.

Crazy Eddie is as nutty as they come.

because Barry's "summer of recovery" featured 17% U6 and even today it is 10.5%?

 

[pinqy]

What happened in 2008-2009 besides Obama becoming president that affects the labor force participation rate...? Oh... that's right.... a massive recession and baby boomers started hitting the retirement age of 62.

dear, LFPR and U6 are still sky high after 7 years of FDR/Obama. What a surprise!!

Like anyone cares what the retard who said it hasn't been higher in 20 years, thinks.

dear, LFPR and U6 are still sky high after 7 years of FDR/Obama. What a surprise!!

Ummm .... Earth to Crazy Eddie ..... Obama hasn't even been president for 7 years.

Do ya see why everyone thinks you're crazy?

dear, LFPR and U6 are still sky high after 7 years of FDR/Obama. What a surprise!!

ummm the LPFR has been dropping, which is usually compained about, and the U6 has dropped more than the U3.

 

[EdwardBaiamonte]

ummm the LPFR has been dropping, which is usually compained about, and the U6 has dropped more than the U3.

yes dear they are supposed to drop to normal levels very quickly following a recession but thanks the Obama/FDR here we are after 2 terms of Obama/FDR and what do we have: an Obama/FDR result.

 

[imawhosure]

It is all about how the Obysmal administration (leftists) paints it. They have to convince everyone, everything is ok, and what is not OK, is GWs fault. It gets old, but people are wising up, no matter how much they use propaganda.

I can't say with 100% certainty they are going to lose, but I can say that next to nobody believes their numbers any longer; and the more they sit on those numbers, the less people trust what they are saying.

I say, "let them keep lying." The people out of work or underemployed, know what is actually going on. Hillary just needs to be shown as Obama II, and the dems will walk the plank.

 

[EdwardBaiamonte]

It is all about how the Obysmal administration (leftists) paints it. They have to convince everyone, everything is ok, and what is not OK, is GWs fault. It gets old, but people are wising up, no matter how much they use propaganda.

I can't say with 100% certainty they are going to lose, but I can say that next to nobody believes their numbers any longer; and the more they sit on those numbers, the less people trust what they are saying.

I say, "let them keep lying." The people out of work or underemployed, know what is actually going on. Hillary just needs to be shown as Obama II, and the dems will walk the plank.

Yes a lot hangs on what happens to unemployment between now and election time!
The MSM is very silent about U6 and LFPR.

 

[pinqy]

ummm the LPFR has been dropping, which is usually compained about, and the U6 has dropped more than the U3.

yes dear they are supposed to drop to normal levels very quickly following a recession but thanks the Obama/FDR here we are after 2 terms of Obama/FDR and what do we have: an Obama/FDR result.

What do you mean they are supposed to drop to normal levels after a recession? What on earth do you think the LFPR is? It should drop during a recesson and go up afterwards. It hasn't gone up like it should have.

 

[Dad2three]

The monthly unemployment rate for April 2014 was 5.4%. This is Obama's 76th month of office. This drops the average unemployment rate for the time he has been in office from the average 8.24% in December 2014 at 72 months to the average 8.09% in April 2015 at 76 months.

Here is the new standings for the Presidents with Obama's revised numbers:

The President with the worst average unemployment rate since World War II is?

Barrack Obama: 8.09%

Average Unemployment Rates For US Presidents since World War II:

01. Lyndon Johnson: 4.19%
02. Harry Truman: 4.26%
03. Dwight Eisenhower: 4.89%
04. Richard Nixon: 5.00%
05. Bill Clinton: 5.20%
06. George W. Bush: 5.27%
07. John Kennedy: 5.98%
08. George H.W. Bush: 6.30%
09. Jimmy Carter: 6.54%
10. Ronald Reagan: 7.54%
11. Gerald Ford: 7.77%
12. Barack Obama: 8.09%

615.1/76 = 8.093421 = 8.09%

There are 20 months left in Obama's Presidency.

The monthly unemployment rate for June 2014 was 5.3%. This is Obama's 78th month of office. This drops the average unemployment rate for the time he has been in office from the average 8.09% in April 2014 at 76 months to the average 8.02% in June 2015 at 78 months.

Here is the new standings for the Presidents with Obama's revised numbers:

The President with the worst average unemployment rate since World War II is?

Barrack Obama: 8.02%

Average Unemployment Rates for US Presidents since after World War II:

01. Lyndon Johnson: 4.19%
02. Harry Truman: 4.26%
03. Dwight Eisenhower: 4.89%
04. Richard Nixon: 5.00%
05. Bill Clinton: 5.20%
06. George W. Bush: 5.27%
07. John Kennedy: 5.98%
08. George H.W. Bush: 6.30%
09. Jimmy Carter: 6.54%
10. Ronald Reagan: 7.54%
11. Gerald Ford: 7.77%
12. Barack Obama: 8.02%

625.9/78 = 8.0243 = 8.02%

There are 18 months left in Obama's Presidency.

And consider this:
NOT ONE major event like the following that occurred during George W Bush and Bush still had the 6th lowest had occurred in the above list.
How about these events...was there ANY AFFECT on the economy?
Recession
1) Are you aware that a recession started under Clinton and became official 3/01 ended 11/01?
Because you don't seem to comprehend... RECESSIONS are like football length tankers... it takes miles to turn one...i.e. so does
a "RECESSION"... it doesn't just start the day NBER states... it is a slow degradation and it started under CLINTON!!!

Source: USATODAY.com - It s official 2001 recession only lasted eight months

A Major $5 trillion market loss
2) Are you aware that the dot.com bust occurred and cost $5 trillion in losses?
Again Clinton laid claim BUT someone had to pay and it occurred during Bush's first year! $5 trillion in market losses MEAN lost tax revenue
PLUS JOBS!!!!
According to the Los Angeles Times, when the dot-com bubble burst, it wiped out $5 trillion dollars in market value for tech companies. More than half of the Internet companies created since 1995 were gone by 2004 - and hundreds of thousands of skilled technology workers were out of jobs.
Source: The dot-com bubble How to lose 5 trillion Anderson Cooper 360 - CNN.com Blogs

The worst attacks on the USA in History.. 3,000 deaths!!!
3)Obviously most of you are UNAWARE 9/11 cost 3,000 lives, $2 trillion in lost businesses,market values assets. Jobs lost in New York owing to the attacks: 146,100 JUST in New York.
Are you aware this happened???
Year 2001: September 11 Terrorist Attacks
The 9/11 terrorist attacks were the events that helped shape other financial events of the decade. After that terrible day in September 2001, our economic climate was never to be the same again. It was only the third time in history that the New York Stock Exchange was shut down for a period of time. In this case, it was closed from September 10 - 17. Besides the tragic human loss of that day, the economic loss cannot even be estimated. Some estimate that there was over $60 billion in insurance losses alone. Airlines didn't fly for 3 days!
Approximately 18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source: The Top 10 Financial Events of the Decade
Anthrax Attacks...
The 2001 anthrax attacks in the United States, also known as Amerithrax from its Federal Bureau of Investigation (FBI) case name, occurred over the course of several weeks beginning on Tuesday, September 18, 2001, one week after the September 11 attacks. Letters containing anthrax spores were mailed to several news media offices and two DemocraticU.S. Senators, killing five people and infecting 17 others.

4) $1 trillion in losses due to the WORST Hurricane SEASONS in history.
The worst, Katrina made landfall in Louisiana as a Category 3 in 2005. It took 1,836 lives and caused $81.2 billion in damages. It quickly became the biggest natural disaster in U.S. history, almost destroying New Orleans due to severe flooding.

Rank Disaster Year Deaths Damage* $250 Billion in damages in the 8 disasters of the top 15 disasters in history!
1. Hurricane Katrina (LA/MS/AL/FL) 2005 1833 $133,800,000,000
6. Hurricane Ike (TX/LA/MS) 2008 112 $27,000,000,000
7. Hurricane Wilma (FL) 2005 35 $17,100,000,000
8. Hurricane Rita (TX/LA) 2005 119 $17,100,000,000
9. Hurricane Charley (FL) 2004 35 $16,500,000,000
12. Midwest Floods 2008 24 $15,000,000,000
13. Hurricane Ivan (FL/AL) 2004 57 $13,000,000,000
14. 30-State Drought 2002 0 $11,400,000,000
Costliest U.S. Weather Disasters Weather Underground

THESE events OCCURRED!
YET in SPITE of :
a) 400,000 jobs lost due to Hurricanes Katrina/Rita ,
b) 2,800,000 jobs lost in alone due to 9/11,
c) 300,000 jobs lost due to dot.com busts...
In spite of nearly $8 trillion in lost businesses, market values, destroyed property.. IN SPITE of that:

AFTER the tax cuts Federal Tax REVENUES Increased an average of 9.78% per year!!!
Government Revenue Details Federal State Local for 2008 - Charts

2000 $236.2 billion surplus
2001 $128.2 billion surplus
2002 $157.8 billion deficit.. also 9/11 occurred and tax revenues lowered for years later
2003 $377.6 billion deficit.. BRAND new cabinet Homeland Security, plus loans made to businesses.. again tax revenues down..affect of 9/11
2004 $412.7 billion deficit.. Revenues up by 5.5% spending increased and economy getting back.
2005 $318.3 billion deficit.. revenues up by 14.5% deficit decreasing at rate of 22%
2006 $248.2 billion deficit.. revenues up by 11.7% deficit decrease 22%
2007 $160.7 billion deficit.. revenues up by 6.7% deficit decrease 35%
2008 $458.6 billion deficit.. revenues down and deficit INCREASED TARP loan mostly...
Historical Federal Receipt and Outlay Summary

Largest Gross Domestic Product in history!!
When Bush took office in 2001 GDP was $12.355,271,000,000
when Bush left office in 2008 GDP was $14,359,490,000,000
A 16% increase in GDP or $2 TRILLION.
So how did those 4 gigantic events affect the Gross Domestic Product from 2000 to 2009?

So starting in 2001 132,548,000 people were working.
At the end of 2008 138,056,000 people working..

IN spite of recession, dot.com bust, 9/11, worst hurricanes.... MORE people were working... more tax revenue was collected. GDP grew!

Right wingers LOVE to promote the LIE that Dubya grew revenues, taking it from 20% of GDP to below 15% (Korean war levels). Weird

Percent of GDP

Historical Source of Revenue as Share of GDP



EFFECT OF REAGAN, KENNEDY, AND BUSH TAX CUTS ON REVENUES

Effect of the Reagan Kennedy and Bush Tax Cuts


'Tax Cuts Still Don’t Pay for Themselves'

Burying Supply-Side Once and for All

Neera Tanden for Democracy Journal Burying Supply-Side Once and for All


CBO: Bush Tax Cuts Responsible For Almost A Third Of Deficit In Last 10 Years (2001-2010)


Bush CEA Chair Mankiw: Claim That Broad-Based Income Tax Cuts Increase Revenue Is Not "Credible," Capital Income Tax Cuts Also Don't Pay For Themselves

Bush-Appointed Federal Reserve Chair Bernanke: "I Don't Think That As A General Rule Tax Cuts Pay For Themselves."


Bush Treasury Secretary Paulson: "As A General Rule, I Don't Believe That Tax Cuts Pay For Themselves."

Bush OMB Director Nussle: "Some Say That [The Tax Cut] Was A Total Loss. Some Say They Totally Pay For Themselves. It's Neither Extreme."


Bush CEA Chairman Lazear: "As A General Rule, We Do Not Think Tax Cuts Pay For Themselves."


Bush Economic Adviser Viard: "Federal Revenue Is Lower Today Than It Would Have Been Without The Tax Cuts."


Bush Treasury Official Carroll: "We Do Not Think Tax Cuts Pay For Themselves."


Reagan Chief Economist Feldstein: "It's Not That You Get More Revenue By Lowering Tax Rates, It Is That You Don't Lose As Much."

Feldstein In 1986: "Hyperbole" That Reagan Tax Cut "Would Actually Increase Tax Revenue."

Conservative Economist Holtz-Eakin: "No Serious Research Evidence" Suggests Tax Cuts Pay For Themselves."

Tax Foundation's Prante: "A Stretch" To Claim "Cutting Capital Gains Taxes Raises Tax Revenues."

 

[Dad2three]

Obamas unemployment rate is lower than Reagans was at this point

Are conservatives ready to declare Obama their messiah ?

Reagan's GDP growth numbers were in the stratosphere compared to Obama's

You mean when Ronnie tripled US debt after Carter handed him nearly 20% of GDP tax revenues?

Jan 31, 2013 - In 10 of the past 12 quarters, total government spending and investment has fallen, dragging down the Obama economy. That's in large part because state and local cutbacks have been so severe, but it's also because federal spending and investment has, on the whole, been falling since 2010.


Or, to put it differently, over Obama's first term, falling government spending and investment snipped, on average, .11 percentage points of GDP off of (annualized) quarterly growth. During Reagan's first term, it added .68 percentage points, and during Bush's first term, it added .52 percentage points.

Charts What if Obama spent like Reagan - The Washington Post


AS the GOP worked to make Obama a 1 termer for the first 6 years of his Prez..

 

[Dad2three]

The monthly unemployment rate for April 2014 was 5.4%. This is Obama's 76th month of office. This drops the average unemployment rate for the time he has been in office from the average 8.24% in December 2014 at 72 months to the average 8.09% in April 2015 at 76 months.

Here is the new standings for the Presidents with Obama's revised numbers:

The President with the worst average unemployment rate since World War II is?

Barrack Obama: 8.09%

Average Unemployment Rates For US Presidents since World War II:

01. Lyndon Johnson: 4.19%
02. Harry Truman: 4.26%
03. Dwight Eisenhower: 4.89%
04. Richard Nixon: 5.00%
05. Bill Clinton: 5.20%
06. George W. Bush: 5.27%
07. John Kennedy: 5.98%
08. George H.W. Bush: 6.30%
09. Jimmy Carter: 6.54%
10. Ronald Reagan: 7.54%
11. Gerald Ford: 7.77%
12. Barack Obama: 8.09%

615.1/76 = 8.093421 = 8.09%

There are 20 months left in Obama's Presidency.

The monthly unemployment rate for June 2014 was 5.3%. This is Obama's 78th month of office. This drops the average unemployment rate for the time he has been in office from the average 8.09% in April 2014 at 76 months to the average 8.02% in June 2015 at 78 months.

Here is the new standings for the Presidents with Obama's revised numbers:

The President with the worst average unemployment rate since World War II is?

Barrack Obama: 8.02%

Average Unemployment Rates for US Presidents since after World War II:

01. Lyndon Johnson: 4.19%
02. Harry Truman: 4.26%
03. Dwight Eisenhower: 4.89%
04. Richard Nixon: 5.00%
05. Bill Clinton: 5.20%
06. George W. Bush: 5.27%
07. John Kennedy: 5.98%
08. George H.W. Bush: 6.30%
09. Jimmy Carter: 6.54%
10. Ronald Reagan: 7.54%
11. Gerald Ford: 7.77%
12. Barack Obama: 8.02%

625.9/78 = 8.0243 = 8.02%

There are 18 months left in Obama's Presidency.

And consider this:
NOT ONE major event like the following that occurred during George W Bush and Bush still had the 6th lowest had occurred in the above list.
How about these events...was there ANY AFFECT on the economy?
Recession
1) Are you aware that a recession started under Clinton and became official 3/01 ended 11/01?
Because you don't seem to comprehend... RECESSIONS are like football length tankers... it takes miles to turn one...i.e. so does
a "RECESSION"... it doesn't just start the day NBER states... it is a slow degradation and it started under CLINTON!!!

Source: USATODAY.com - It s official 2001 recession only lasted eight months

A Major $5 trillion market loss
2) Are you aware that the dot.com bust occurred and cost $5 trillion in losses?
Again Clinton laid claim BUT someone had to pay and it occurred during Bush's first year! $5 trillion in market losses MEAN lost tax revenue
PLUS JOBS!!!!
According to the Los Angeles Times, when the dot-com bubble burst, it wiped out $5 trillion dollars in market value for tech companies. More than half of the Internet companies created since 1995 were gone by 2004 - and hundreds of thousands of skilled technology workers were out of jobs.
Source: The dot-com bubble How to lose 5 trillion Anderson Cooper 360 - CNN.com Blogs

The worst attacks on the USA in History.. 3,000 deaths!!!
3)Obviously most of you are UNAWARE 9/11 cost 3,000 lives, $2 trillion in lost businesses,market values assets. Jobs lost in New York owing to the attacks: 146,100 JUST in New York.
Are you aware this happened???
Year 2001: September 11 Terrorist Attacks
The 9/11 terrorist attacks were the events that helped shape other financial events of the decade. After that terrible day in September 2001, our economic climate was never to be the same again. It was only the third time in history that the New York Stock Exchange was shut down for a period of time. In this case, it was closed from September 10 - 17. Besides the tragic human loss of that day, the economic loss cannot even be estimated. Some estimate that there was over $60 billion in insurance losses alone. Airlines didn't fly for 3 days!
Approximately 18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source: The Top 10 Financial Events of the Decade
Anthrax Attacks...
The 2001 anthrax attacks in the United States, also known as Amerithrax from its Federal Bureau of Investigation (FBI) case name, occurred over the course of several weeks beginning on Tuesday, September 18, 2001, one week after the September 11 attacks. Letters containing anthrax spores were mailed to several news media offices and two DemocraticU.S. Senators, killing five people and infecting 17 others.

4) $1 trillion in losses due to the WORST Hurricane SEASONS in history.
The worst, Katrina made landfall in Louisiana as a Category 3 in 2005. It took 1,836 lives and caused $81.2 billion in damages. It quickly became the biggest natural disaster in U.S. history, almost destroying New Orleans due to severe flooding.

Rank Disaster Year Deaths Damage* $250 Billion in damages in the 8 disasters of the top 15 disasters in history!
1. Hurricane Katrina (LA/MS/AL/FL) 2005 1833 $133,800,000,000
6. Hurricane Ike (TX/LA/MS) 2008 112 $27,000,000,000
7. Hurricane Wilma (FL) 2005 35 $17,100,000,000
8. Hurricane Rita (TX/LA) 2005 119 $17,100,000,000
9. Hurricane Charley (FL) 2004 35 $16,500,000,000
12. Midwest Floods 2008 24 $15,000,000,000
13. Hurricane Ivan (FL/AL) 2004 57 $13,000,000,000
14. 30-State Drought 2002 0 $11,400,000,000
Costliest U.S. Weather Disasters Weather Underground

THESE events OCCURRED!
YET in SPITE of :
a) 400,000 jobs lost due to Hurricanes Katrina/Rita ,
b) 2,800,000 jobs lost in alone due to 9/11,
c) 300,000 jobs lost due to dot.com busts...
In spite of nearly $8 trillion in lost businesses, market values, destroyed property.. IN SPITE of that:

AFTER the tax cuts Federal Tax REVENUES Increased an average of 9.78% per year!!!
Government Revenue Details Federal State Local for 2008 - Charts

2000 $236.2 billion surplus
2001 $128.2 billion surplus
2002 $157.8 billion deficit.. also 9/11 occurred and tax revenues lowered for years later
2003 $377.6 billion deficit.. BRAND new cabinet Homeland Security, plus loans made to businesses.. again tax revenues down..affect of 9/11
2004 $412.7 billion deficit.. Revenues up by 5.5% spending increased and economy getting back.
2005 $318.3 billion deficit.. revenues up by 14.5% deficit decreasing at rate of 22%
2006 $248.2 billion deficit.. revenues up by 11.7% deficit decrease 22%
2007 $160.7 billion deficit.. revenues up by 6.7% deficit decrease 35%
2008 $458.6 billion deficit.. revenues down and deficit INCREASED TARP loan mostly...
Historical Federal Receipt and Outlay Summary

Largest Gross Domestic Product in history!!
When Bush took office in 2001 GDP was $12.355,271,000,000
when Bush left office in 2008 GDP was $14,359,490,000,000
A 16% increase in GDP or $2 TRILLION.
So how did those 4 gigantic events affect the Gross Domestic Product from 2000 to 2009?

So starting in 2001 132,548,000 people were working.
At the end of 2008 138,056,000 people working..

IN spite of recession, dot.com bust, 9/11, worst hurricanes.... MORE people were working... more tax revenue was collected. GDP grew!

And yet when he left office things had just gone really, REALLY bad. The 2nd worst recession in US history. Unemployment, and major problems. But hey, Bush wasn't president on the 31st January 2009 so it's all Obama's fault that the recession was in place on that day, right?

It was the second worse only because Obama and the Dims made it the second worse. Hoover and FDR turned the panic of 1929 into the worst depression.

TRY living in reality versus some CATO imagined BS PLEASE?

US economy tanked 9%+ the last quarter of 2009. The ENTIRE 8 years of Dubya was supported by Dubya's ponzi scheme built on the credit bubble he cheered on, and protected

 

[bripat9643]

Obamas unemployment rate is lower than Reagans was at this point

Are conservatives ready to declare Obama their messiah ?

Reagan's GDP growth numbers were in the stratosphere compared to Obama's

You mean when Ronnie tripled US debt after Carter handed him nearly 20% of GDP tax revenues?

Jan 31, 2013 - In 10 of the past 12 quarters, total government spending and investment has fallen, dragging down the Obama economy. That's in large part because state and local cutbacks have been so severe, but it's also because federal spending and investment has, on the whole, been falling since 2010.


Or, to put it differently, over Obama's first term, falling government spending and investment snipped, on average, .11 percentage points of GDP off of (annualized) quarterly growth. During Reagan's first term, it added .68 percentage points, and during Bush's first term, it added .52 percentage points.

Charts What if Obama spent like Reagan - The Washington Post


AS the GOP worked to make Obama a 1 termer for the first 6 years of his Prez..

Reagan reduced the percentage of our GDP spent on government.

Here are some numbers you can't argue with: