At least Boosh tried to save some of the economy, Hoover, not so much..And just where is the GOP Congress? On vacation?Really?
. "CBO says deficits slated to shrink in coming years, but will soar again if spending or tax changes are not made
Federal deficits have soared between 2009 and 2012, bring the total long-term debt to a level equal to 73 percent of the nation’s GDP. “Between 2009 and 2012, the federal government recorded the largest budget deficits relative to the size of the economy since 1946, causing federal debt to soar.”
CBO says deficits slated to shrink in coming years, but will soar again if spending or tax changes are not made
Ohhhhh.......so you no longer want to defend the dolt in the White House?
Excellent move.Reagan was riding the tech boom era, not so much of any boom now days...Aha!
So you recognize the culprit behind the abysmal economic statistics here...
1. Obama is the first President never to have had a year of 3% or better economic growth: "... annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years." President Obama's Growth Gap Hits $1.31 Trillion
a. "The years since 2007 have been a macroeconomic disaster for the United States of a magnitude unprecedented since the Great Depression." Obama: Always Wrong, Never In Doubt
b. ".... first president since Hoover to never have a single year above 3% GDP growth." Obama economy is 'amazing,' says hedge fund billionaire
And here....
2. "WASHINGTON (Reuters) - The U.S. economy created the fewest number of jobs in more than five years in May as employment in the manufacturing and construction sectors fell sharply, suggesting a deterioration in the labor market ...Nonfarm payrolls increased by only 38,000 jobs last month, the smallest gain since September 2010, the Labor Department said on Friday. Underscoring the report's weakness, employers hired 59,000 fewer workers in March and April than previously reported. While the unemployment rate fell three-tenths of a percentage point to 4.7 percent in May, the lowest since November 2007, that was in part due to people dropping out of the labor force." Weak U.S. employment report dims prospect of Fed rate hike
And here....
3. "CBO says deficits slated to shrink in coming years, but will soar again if spending or tax changes are not made
Federal deficits have soared between 2009 and 2012, bring the total long-term debt to a level equal to 73 percent of the nation’s GDP. “Between 2009 and 2012, the federal government recorded the largest budget deficits relative to the size of the economy since 1946, causing federal debt to soar.”
CBO says deficits slated to shrink in coming years, but will soar again if spending or tax changes are not made
BTW.....you didn't vote for this dud......
.....did you?
Are you really this stupid???
Harding solved the Depression that FDR caused in a year and a half by cutting government spending and lowering taxes.
Reagan lowered taxes and unleashed business and caused a 25 year boom, increasing the economy ten fold.
Then there's this:
"But he did identify what he called “tactical lessons.” He let himself look too much like “the same old tax-and-spend liberal Democrat.” http://www.nytimes.com/2010/10/17/magazine/17obama-t.html
What happened to Hoover, he was president for 3 years during the Great Depression, oh that's right, you don't try to defend those GOP members, it's all FDR's fault for the Great Depression.....Ahem,,yeah all FDR's...
FDR obviously didn't create the depression, but he greatly deepened and lengthened it.
Funny how you never jump in and say W didn't case the recession that started six months before he became President though ...
I agree that W tried, but unfortunately everything he did was bad